ludlow. i'm with the whole dentist. so now militia not. i think he as a bowling boy, as the legacy or roy name, we're going to going level it along. did the a black or you happen to bob? i'm is our middle name committees only bud. all go as a luggage will committee where it becomes a berkeley a r y m that a little bit. oh, let me get out of go later. yeah, i wanna go, so ha, ha, i say my dog 5 z me me well that i did it one more thing that i gotta add it raining by chad melacy salome got a black one. not a problem. and my people look does coming from as many i know how me some of that gala de la la la la la la la la vega, total. i think that they were let me. oh yeah, go ahead. go back. yeah. well then they knew i learned, i know with i with . ringback ringback ready ah ah nice right. ok. we're steve. you got my let me go in a life but important by. yeah. in my nature like early in the mentor. thank you. all right. you know, and i said i can get something on my i just gave me a boy that she got me. i got a law. ah, yes. we had to follow ma

dave derrick, a little salinger. megan apple ludlow. i'm with your dentist. so now militia not. i've been here as a bowling boy, as a legacy or roy name regarding any level it along with the ability to pull you up and up on his own little ne, give minutes only bud. go as our luggage will committee, where it becomes a berkeley a r y. i'm got a little bit older. let me get out of go later. yeah, i'll move up on time. thank you. not in my mid, i want to go. sure. why ha i say my dog, 5 z me me. oh, well that's, i did want to stick with one will say that i, anybody had melacy salami got a black without a problem and mind people look does coming from as many. i know how many some of that gower. oh, dana, locally though. i i, i love when i began total. i think that they were let me, i gotta go to the medical records. yeah. well then they knew i learned, i learned else with i with . ringback ringback ready ringback ah ah nice right. okay. yes, steve, he got on my let me go in a life car but important by. yes, a manager like eve early in the winter. i believe i know, and i said i can ge

ed ludlow joins us right now with a little bit more.sually when we see these kinds of layoffs, we don't really see a selloff, we see a reward by the market. what's going on here? ed: the limited sell side reaction we have had to this points out from an opec's perspective, this is good for dell. what the market is reading into is what it tells us about the health of the end market. go back to november, when dell reported its earnings for the period ending october 28. it did give a week forecast based on the idea that pc demand has continued to drop off. it is 55% of dell's revenue paired what we know from third-party data is that pc shipments did fall sharply in the final three months of 2022. dell was the biggest hit. now is a risk assessment of how long that downturn in the market will go for. we are pushing expectations back, at least from a timeline perspective. jon: expectations of the messaging earlier. you were recapping what we heard from a number of technology companies during earnings season. you have mark supper berg's -- mark

let's bring in ed ludlow who can explain this for us.n apple being a very strong performer in the tech sector. this time around, it seems to be really disappointing. ed: part of the story around the mega caps is we are coming from a lower base. we have seen a recovery from what was a pretty tough and to 2022 december was the worst month for apple. revenue declines, 5% year on year. they missed estimates in most categories, the iphone being the most important. and tim cook was pretty straightforward about it. had it not been for the supply chain issues, apple would have seen growth, at least in the iphone category. what was interesting to the upside is that when china reopened toward the end of last year, they did see an uptick in demand for their products. they are blaming it pretty strongly on what was out of their control and less focus going forward or in terms of a formal outlook. i go to cloud, again, softness across handsets in the first half, cloud, is a key supplier for apple. we can use that for a crystal ball of what may come t

okay, we'll throw lima ludlow jan told to get de leon for when he got leah la say you said 2 hom under question. maria, i have seen made an anomaly that looked good. lauren, i'm put bernie lymphoma residue. candidly, the look bad. almost. i laugh. food stamp case a bamboo. damper is up game time offer going ah, why? he's not. he's an a bullying havoc of wrath as harvey harvey marianna speaking, not a contract with a link with abilene cooper. maybe maybe maybe it will. i tell lady birmingham yeah i with ah and a catastrophic series of earthquakes into kia and syria has taken thousands of people's lives and left many more homeless. and major mobilization of humanitarian support is underway. ah. our teams on the ground will bring you continuous updates to t n. syria makes on al jazeera russia, one ukraine has sent shock waves across the globe with what does it mean for its neighbour? georgia are decided not to, to ross told a dollar because is very much pro, brush up with the country still partly on the russian occupation, an influx of russian citizens and then elite with moscow connectio

bloomberg technology coanchor ed ludlow joins us.it is an east coast thing but tesla and unions, how are you looking at that? ed: it is an east coast story but not a new story for tesla which is just over the water from where i and sitting. in new york buffalo there is a unionization effort underway. they will be handing out leaflets to their colleagues in the buffalo facility which read "roses are red, violets are blue, unionization starts with you." whether it gains traction or not the key point is this is a specific group. these are people that manually entertained the video footage generated from tesla to help improve the algorithms that power the autopilot, and later the full self-driving systems. we have a terminal chart that shows there global headcount. this is 800 potential individuals. tesla had 128,000 employees globally as of its latest 10k at the end of last year. it is a small effort and the track record of unions at tesla is not great. but the affiliate of the services employee union is looking at the 1000 other employ

ed: i am ed ludlow in san francisco. i want to stick with meta. is talking about a subscription tier verification a la twitter. shares were markedly higher on tuesday, on a day when social media peers were lower. we fell down 0.5%, but broadly, perceptions of this plan that came out over the weekend were positive, even though we are down 0.5%. one note caught my eye. bank of america say, it is intriguing, clearly following from what twitter has done with twitter blue, but it is this last line that i am seizing on. audience size could be limited by the number of creators and influencers on meta's platforms. we talked about how important the creator is on platforms like instagram, tiktok, and the analyst nervousness is about the core facebook product. it might not be there. caroline: i wonder how we square that circle of hooking in more content creators and asking them to pay more, but ultimately, how much does this maxed out at? let's ask an expert. you currently host creator upload podcast. my immediate reaction when i saw this was, i wonder how a

okay, we'll throw lima ludlow jan told to get de leon for when he got lea a law say in february i had a question with maria. i am saying ah, minima let them look girl around. i'm put her in the lymphoma residue calling only the look bad. almost. i laugh. food stamp case, a bamboo diamond over a little girl piper. going a nasty dancing. oh, it is a boy named michael frank as an audio making a ne committee it i tell like the birmingham. d with hollywood, a glamorous industry that attracts though seeking fame and fortune. i always told myself that some day i'll be famous, but for some following their dreams can become a nightmare. i had asked me the 1st benefit of my mom. i had to consult the site go just for the long nose, hollywood dreams on al jazeera. ah and we don't simply focus on the pallets of the conflict. it's the consequence of war. the human suffering that we report on it is one of the most serious about the violence. in recent years, we brave bullets and bomb because we give voice to those demanding freedom the rule of law. and we always include the views from our sites. a u

ed: i'm ed ludlow in san francisco, this is bloomberg technology. caroline: we break down the cpi report. ed: bringing you the latest in the world of ai. jumping again, no obvious driver. the chairman joins us to discuss with the company is doing to justify the jump in stock. caroline: and we speak to the ceo of a semi conductor company weathering the slump. joining us with their outlook. all of that in so much more, coming up. let's dig into the markets. it was a big macro picture kind of day. hotter than anticipated year on year, the nasdaq pushes through. up 6/10 of 1%. maybe near the end when they are close to fighting tactics. the two year yield, listening more to the inflation override that they are worried about with inflation remaining hot. yields in borrowing costs, dialing back on the mix, it might be more about the geopolitics. the fact that those new ufos or items were shot out of the sky. maybe a dial back the anxiety. we may have seen a bounce back in terms of crypto. look at that, a push higher in terms of bitcoin. regulatory risks? m

that is bloomberg's ed ludlow. coming up, it is about u.s. cpi.he former fed governor, randall krasner. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) alix: an hour into the u.s. trading session. volume super light. kriti: the s&p 500 higher by .7%. it comes down to the same things that have driven rally year-to-date, microsoft, alphabet, tesla is the biggest volume trade apple lagging just a bit. it is the two year yield you want to keep an eye on. it is not functioning in the same way that we have come to know in the past year or so. that is an important part of the conversation when it comes to how sustainable tech

ed: i'm ed ludlow in san francisco.is down four point i've percent after bloomberg broke the story that the doj is preparing a suit to block adobes $20 billion deal according to the sources one source could come as soon as next month. caroline: adobe is such a dominant force in terms of software. when they announced that deal to acquire fake meth many --figma. introduce less expensive products at the moment. notably just time and time again this is an initiation that is willing to go there to worry about competition. it does feel like the bloomberg reporting getting ahead of the antitrust news. i think it's because adobe was in front of a meeting with doj which is often the case before we get this kind of announcement. ed: that is consistent with what we have seen. analysts point out in this case it probably came sooner than expected although it was kind of expected based on the actions doj has taken so far. we will stick to the story as more headlines break. coinbase, the largest crypto exchange is launching a blockcha

bloomberg technology coanchor, ed ludlow. effectively they are getting what they want.gnaling the board. ed: they have issued this statement saying the proxy fight is over. this happened quickly. last night tree and issued a statement saying they were pleased disney was listening after the call. beyond the big picture cost reductions disney has outlined, 500 -- 5 billion-dollar target, they talks on the call later, if yes is beat significantly. i was talking to an investment -- an investor about this on the show last night, he said is immediate psychological. look at eps, tangible impact from iger in his first earnings report as ceo. alix: it doesn't send the actual problem. one is they are adding more subscribers. in terms of adding subscribers i was reading they are going to try and license one of their disney farm -- the disney shows and tv shows. ed: subscribers decline around 1%. that is largely attributable to what is happening in india where the hot storm product lost the rights to show cricket. in that nation cricket is the biggest entertainment media content yo

ed ludlow.t down almost 34%. was the quarter that bad? ed: if you carried on down the embarcadero, you would get to lyft's headquarters. lyft is going in the wrong direction. fiscal first quarter, the company saying embedded up -- ebitda will be around -- a pretty big gap, which shows where lyft is at. a picture tells a thousand words. reading across all of the reaction, this is the confirmation that lyft is falling behind uber. uber is taking market share, and lyft is becoming a distant second in the rideshare market. guy: what is lyft doing differently that uber is taking advantage of? >> a lot of the discussion on the call was cities on the west coast where the slowest to rebound and reopen. they also had to act to stay competitive. they cut prices to keep up with uber. there is another chart i want to show, which is r idership. that line is so important. for all they are trying to do, they are still not back at pre-pandemic levels. uber is growing high double digits in terms of gross booking

ed ludlow helped to write the piece and joins me now from san francisco.cinating topic, you focused on the story from both sides of the saga. hindenburg research is a company you focused on. walk us through the take away from your piece. ed: the short seller is the blanket term we apply to a firm like hindenburg research. they are a short seller and that they are set to gain when the securities relating to the companies they research targets drops, they profit. that is the business model, or part of the business model for hindenburg. if you take a step back to consider the broader goals of activist short-sellers, it becomes a pretty interesting debate about how important they are to healthy, functioning markets globally. if you forget the idea they are in it to make money, the other goal is to expose fraud. basically, point regulators in the media -- one aim is to generate news coverage -- in the right direction to continue the search. kriti: let us get the latest update on adani specifically, we know the carnage that has happened with share prices, he scr

ed: i'm ed ludlow in san francisco.mily: elon musk continues cost-cutting and we have more on layoffs as -- production as well. ed: today's big take focuses on how the ford f1 50 lightning is built of materials alleged to be damaging the amazon. those who call it home will bring you the details. emily: snapchat unveils a new tool to protect children. all that and more coming up. foremost, we get to the markets. after a reprieve after the selloff the previous week to read we are up 6/10 of a percent on the nasdaq. europe gets a bid that largely feels to do with borrowing costs at the moment. u.s. treasuries, may be a bit of reassessment as to whether we are buying the dip when it comes to equities or bonds. let's look at what has not been bought on the dip. crypto after what has been a phenomenal january, february less so. if you look at a two day basis from the point we are tracking it is up 2% below 24,000 even on a day that we saw u.s. dollar weakness. ed: from the macro to the micro. when i look at individual names t

>> i'm ed ludlow in san francisco and this is bloomberg technology. tech stocks take a bruising. we will discuss the sea of red as investors brace for a more hawkish fed. shopify plunges after earnings. discuss the company's revenue outlook with the president and bring you the latest on the ceo departure at youtube. a look at artificial intelligence and investing in it. we speak with greylock partner. let's turn back to the markets and get straight to the trading action in bringing cross that reporters emily and katie. what was the word at wall street this thursday? >> stocks plunged into the nasdaq 100 down the most 2%. felt like for the earlier part of the week stocks were not taking the message from the higher bond yields in the more hawkish fed speak but today they got the message and it was not helped by the fed's bullard said he might consider a 50 basis point rate hike for the fed's next meeting. we know technology stocks do not like higher rates. but i did notice one part of the trading day more speculative areas of the market rounding the arc and novation etf at one poin

a preview now and joining us from los angeles, lumbers chris, neri -- bloomberg's chris -- and ed ludlowaw the ceo switch, it came after a cap -- challenging quarter when he saw big costs on the streaming business. ed: there is a one point. -- there's a $1.5 billion loss on the direct consumer on the streaming business. this time around, you are paying attention to the financials and topline growth is going to single digits and the narrative around the pace at which the losses in the direct consumer business narrows. subscriber growth at disney+ has slowed down. what we want to know is longer-term. bloomberg intelligence made the point that disney set fiscal 24 targets for profitability on the streaming business as well as subscriber growth targets and what they are looking for in the context of what is happening is a long-term visit -- vision. kriti: is not just the streaming story and there is a medium -- and the media business and there are things when it comes to parks and 36% of the revenue coming from that part of the business. what we watch for their? chris: the parks have been on

this is ed ludlow for bloomberg news.n, let's look at the regional apple suppliers and how they are faring in white of that. we essentially have supply chains very much at the forefront of the disappointment coming out of apple. that is samsung. foxconn. luxshare feeling it a little bit. we leave it there. this is bloomberg. ♪ ♪(jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking ab

let's get more from ed ludlow in san francisco.espite the challenges, investors seem optimistic about the results. how good were they? >> efficiency is not the buzzword, it's the full on slogan. this is the year of efficiency and that's music to the ears of investors who have been upset about the expense of the transition to the metaverse. a bullish outlook as well for the first quarter in terms of sales that were above expectations. the other metric was that facebook the platform has 2 billion daily users which is growth of 70 million from the same time one year ago. they note that meta has made changes to its products that are getting traction with user-based. again, what the investor base is cheering is cost discipline. if that carries through to thursday session, the stock will be back at levels it hasn't seen since july of last year. this is a pretty profound reaction. >> when array going to see returns from the metaverse? where we at? guest: -- ed: in one example, mark zuckerberg was asked about generative ai. his point was t

we are joined by the senior litigation analyst and ed ludlow.s deal was pretty much banned by investors when it was announced last year and the eu has indicated it will challenge this deal and now we are learning that the doj plans to block the deal as well. ed: sources say it could come as early as next month area adobe is going off because they believe what figma does will be a long-term driver of growth. adobe is the name behind photoshop and premier. this is software that every day people can use. there is concern on the figma side that getting ingested stifles the ability to improve the product. investors want it both ways. remember when the deal was announced, investors were balking at the price tag and now they're worried that the long-term picture for adobe is looking shaky if the antitrust suit goes through but the regulatory environment new this would happen. jon: jennifer, these kinds of cases depending how things play out can be challenging, but in terms of what the doj might be able to do, do they have a reasonable shot >> >>? i thi

they fight a lot, humbling them to some ha, ludlow louis on, whoa, whoa, whoa, whoa, whoa, whoa! 9 year old, the last was studying when the settlers turned up, she ran up to the rooftop. she says because she was scared that break into her home . her grandfather ma has the movie who's lived in hawaii since 1964 says the situation is getting worse with this war. although because of every week settlers attack us and broke our windows last year, then an agency installed this metal fencing. it's our only protection, but it's like prison as you come on that. a lot of places in hawaii is one of several palestinian towns surrounded by leo is ready settlements with a big military base near by. just a few hours after the attacks on hawaii is not salut, ghost town, the only ones we're seeing here, all israeli soldiers patrolling this streets as well as media people like after have come to cover the story, but the local living here, a hiding in their homes they said for fear that the sentinel will come back and burn their property. israel's defense minister has ordered his forces to prepare

ed: i am ed ludlow in san francisco. this is bloomberg technology. google's response to chatgpt. what we know about the conversational ai search engine named bard. the latest techtarget, dell, announcing layoffs, laying off six 650 nationwide. we dive into the beijing global surveillance push. let's get a quick check on markets. across equity markets we are seeing gains, given back so far this year, the nasdaq 100 down .8%. the other part yields pushing higher, up 11 basis points on the 10 year treasury. this is a wait-and-see moment for the market that is hit. tech. to rome powell will speak to david rubenstein -- jerome powell speak to david rubenstein on tuesday. we'll see if he walks back any commentary. bitcoin, trading 24/7, hovering around 20 -- 23,000 u.s. dollars. earnings season in tech continues. pinterest, really missing expectations. fourth-quarter quarter sales softer than expected. down 10% in after hours, offset by buyback programs and users coming in above expectations. activision blizzard up .7%, strong and to 2022. all about call of duty performance. this is a

ed ludlow joining us there. gxo majestic was out with the results. the stock went down 4%.he company's cio mark manduca this is bloomberg. ♪ ritika gupta you are looking at a five shot of the principal asset management room. anita anand will be here at 1:30 p.m. new york. keeping you up-to-date with news from around the world. china warned that it will retaliate against the u.s. potentially escalating a lingering dispute just as both foreign ministers are to attend a meeting in germany. the chinese balloon had inadvertently floated over the country. they insist the balloon was a weather monitoring device. nicola sturgeon resigned after eight years in a surprise move that will reverberate across u.k. politics. >> this decision comes from a deeper assessment. i know it might seem sudden but i have been wrestling with it, with oscillating levels of intensity for some weeks. ritika: it leaves her scottish national party without a clear roadmap. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 coun

ed: and i'm ed ludlow in san francisco. progress in the battle of inflation. warnings on rates and we haven't even gotten to earnings yet. ed -- caroline: macro and micro, so important. plans to buy back meta-shares, working against efficiency for long-term goals in short-term cost-cutting as they get court approval to purchase avr startup. and my exclusive conversation with alex karp, who has pointed words for shareholders and potential new hires. crypto -- crypto hackers -- caroline: crypto hackers store more than ever into thousand 22. at first, let's stick with the nasdaq. you just call it. what a rally we saw for tech stocks outperforming. the relief from the federal reserve who seems to be indicating a dialing back and all of those rate hikes. the world index is up 9/10 of 1% as europe was cautious ahead of the fed, ecb, the boe. chinese tech stocks did pretty well in morning trading. two-year yields coming down significantly as we anticipate the terminal rate, where we will eventually get with the fed, slightly lower. as anxiety dies down, the money goe

joining us now is ed ludlow. it is a pretty sunrise but are we looking at job cuts? new york post reported that apple has started cutting contractors. apple has never disclosed how many contractors it has. what the new poorest article says that these are contractors are on 12, 15 month contracts. they are actively cutting ties. bloomberg did all the data analysis a week ago but if you sex up all the hiring, apple was judicious. they also really boosted their revenue per employee. this had bind a surprise. apple is not commenting on the story. we will have to see what is going on here in terms of their financial health. stephen: what about the other because we're hearing and the information we're getting to lenovo. ed: is the biggest maker of laptops and pcs. at the end of the september quarter, thus the latest data we have. they had 82,000 employees. people are buying fewer laptops and targeting operating expenses. we did not get a number in terms of the layoffs but the ceo said had cut reduction will be a small portion of the cost savings that they charted. it is ba

guy: that was alex karp, he had an interesting conversation with ed ludlow.is nearly 24 minutes past seven on the west coast. the sun is rising in san francisco. it is time for the start up on the tech stories in the bay area and beyond. i suspect everyone is talking about one story although they have many later to come. the market reaction that we are getting with meta-, oh my lord. a year of efficiency and that happens. ed: it wasn't even a buzzword and it sent the stock to its biggest jump in almost a decade. it is the language investors wanted to hear. everyone was fed up with meta-is expensive with regards to transitions to the metaverse. they trimmed it by $5 billion for this year. it's staggeringly high in the region. zuckerberg said they were compromising despite the world being the deciding around us. -- the world being excited. the forecast for the first quarter which is 26.5 to 20 billion in sales was above expectation. if you look at alphabet shares, they jump aftermarket. they feel good but the commentary from the ceo is that there is still weakn

caroline: and i'm ed ludlow. caroline: we have a lot to digest today on the disney front. it is front and center as the company cut seven -- 7000 jobs. ed: google shares tumbling the rise over the accuracy of the search drive ai technology. we will bring you the details. caroline: we will discuss the first ever trademark trial examining nft's as the case tests consumer products all that and so much more coming up for we get to the markets markets were lowered today. basically just giving back what we gained yesterday. down 1.7%. this is about the federal reserve the line above the other fomc members talking about need to curtail inflation. we get a little more bearishness. we see the fix picking up so clearly volatility in the air. as we see the federal reserve is trying to talk up more focus on inflation perhaps more hikes. crypto has been on the downside. we are holding onto our gains but it is at 22,950. ed: the biggest read from a standpoint perspective alphabet down. worries about the accuracy of video the company put out getting a false reading or a false answer to a

ed: i'm ed ludlow in san francisco this is bloomberg technology. breaking news at the top of this hour. after hours trading after tesla is said to have been in talks and oink david. -- away a bit. another former member of sam bankman-fried's circle planning to plead guilty. we bring you the latest developments. and we continue our deep dive into the world of artificial intelligence. kevin dunlap co-founder and managing partner joins us later this hour all that coming app. let's get a look at these markets. you can see the nasdaq 100 the market passing a lot of fed speak at the moment. will it be 25 or 50 basis points. 7/10 of a percent down heavy index it was a 0.4% on the week. sort of rebounding from the decline we saw last week. that is sealed's pulling back a little bit you see the u.s. 10 year yield around five basis points. made a late effort friday to try to breach 25,000. it fell away as this kind of treading water because sunday is a holiday for presidents' day. let's go from the macro to the micro in terms of specific names across the tec

i'm ed ludlow in san francisco.e invested almost 400 million in the ai starter which is testing arrival to open ai's chatgpt. the deal gives google a stake in anthropic. it does not require anthropic to spend any of the funds buying cloud services from google. it's been a long week of ai headlines. i want to break more down now with the head of responsible ai at this global ai provider to companies across finance come health care and retail. start with that. you operate in the world of ai. you are following the headlines in technological developments. the executives over at alphabet and google were ready for the questions, one are you going to pull back the curtain. what did u.s. and industry are to submit learn this week about google's latest nai? -- in ai? >> this is a fascinating topic for all of us it will affect society. definitely, after the google earnings report that indicates a lot of -- a lot about the microeconomic environment. not growing as fast as it was last year. that is the micro trend. the most int

ed: i'm ed ludlow. artificial intelligence is driving markets and earnings are front and center. caroline: lyft after hours falling after it is losing shares two. ed: social media in the spotlight on capitol hill with former twitter executives telling lawmakers to hold off on regulating online content. caroline: the latest on disney as activist investor nelson peltz stands down on his proxy fight. is the battle over? that and more is coming up. the first two days lows since december, 2.7%. the nasdaq off by one percentage point on the day. on the macro, the federal reserve, interest rates higher. that's why we see overall concern as evidenced in the vix picking up. the 10 year yield borrowing costs rise. the canary in the coal mine is the retail investor. they are getting bullish. the first time we have seen that since april. many say, we are now let -- like to the party. ed: so many stories for individual stocks. alphabet down another 4.4% this thursday, the biggest two day drop since march as they continue to worry about their bar ai search. disney was up significantly, over 1.

let's bring in ed ludlow. this story is really accelerated and snowballed in the last week.t are the next steps when it comes to the investor point of view? ed: the scratched fpo is the big headline and that came late wednesday. those that had pledged to participate in the fpo had started to be repaid and you are right to go to the bond story. the dollar bonds was one of the instruments that they used initially. they are at the stress levels and they have this payment coming up and there is no suggestion there would not be able to meet those payments but in the last hour, a part of the plan from adani is to prepay some margin loans where the stock was held by thanks therefore the banks released that stock and is less concerned about going forward with a margin call. it's a dynamic situation. kriti: let's broaden this out because adani has vocally spoken against hindenburg research. he said this is an attack on india. it's created a lot of pain for the indian stock market. how deep to the losses go? ed: the losses for the entire group have extended beyond 100 billion dollars.

. >> i am ed ludlow in san francisco. this is bloomberg technology. a rally for the nasdaq. morning on rates and we have not gotten to earnings yet. >> macro and micro as soon -- super important for names. met up surging off the earnings and plans to buy shares. getting into the short-term cost cuts and long-term goals as it waits court approval. >> my exclusive conversation with palantir ceo alex karp who has some pointed words or shareholders and potential new hires. crypto hackers store -- still more money than ever before in 2022. let's check in on the market and get to crypto in a moment. let's take to the nasdaq. as you were calling it, what a rally be software tech stocks particularly outperforming the relief from the federal reserve. we seem to be interpreting it as a dialing back in the rate hikes. stocks surged up to percent higher since 2022. country index up .92%. we look across the chinese tech stocks that did well in the mornings rating. to year yields coming down significantly as we anticipate the terminal rate that we will eventually get with the thread -- fe

. >> i'm ed ludlow. this is bloomberg technology. three giants of global technology. three disappointing earnings reports. >> will that put an end to quite a run-up in tech stocks. the juggernaut that is apple reports its first revenue decline since 2019, falling short almost across-the-board product wise. >> the rally stalls. alphabet feeling the slowdown in ad spend. we speak to the cfo. >> amazon projects slower sales. let's check in on these markets. it was a day of green across-the-board. really bullish sentiment coming in across. this is not just a day of micro, this is a day of macro. they try to see some softness in tone in terms of how fast they hike rates. we see meta-platforms really stand out. maybe this why nasdaq was on such a big tear. 23%, best day since 2013. let's look at what is happening in terms of the crescendo toward what was so close to a bull market. this is the wrong chart. we were looking at what is happening in terms of the higher expectations coming in in terms of earnings and the fact that we were seeing almost a bull market for the nasda

later on this, an exclusive interview with ed ludlow. join that at 5 p.m. new york, 2 p.m.isco time. die, you talk about social media. you did a great piece on boeing for twitter. guy: when she says impressed, she means shocked. [laughter] alix: no, you had old pictures of the 747 when it went out with the crew. it was cool. guy: these are cool planes. that is where i am happy to go. alix: you can do that when it is a plane. i'm also impressed he did it. more insight coming up on the question of the day. can powell close the fed market gap? bruce richards joins us next. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering poss

ed: i and ed ludlow in san francisco.a friday vibe because it is about to be a big sunday vibe. the super bowl. it is going viral. send will expecting record bets sunday. the ceo spoke to bloomberg markets earlier. >> we are projecting 17 million bets on the platform, more than double what we would have seen last year. but, it is also our biggest acquisition moment. we will probably bring half a million new users to the platform. it is a great opportunity. you can bet on hundreds of different player props. it will be an exciting day for fans. >> is it going to be profitable for you? it is -- is it going to be a good day for you? how does this stack up in terms of bottom line? >> it is going to be a good day. it depends on the outcome of the game. the important thing is that consumers bet based on the narrative they want to see. what you are seeing is right now the money is flowing to the philadelphia eagles. apologies if you are a chiefs fan. what is most exciting is the player props. 90% of our vets will contain at least

joining us now is ed ludlow. it seems that everybody wants a bit of the gpt chatbots story.clearly money to be made. ed: overnight, but confirming that it will release a chat g pt program by march of this year which is early testing but they are planning a wider rollout in this confirms an earlier bloomberg scoop. u.s. companies are going nuts on this. but i essentially to google of china where google exited that market. baidu runs its own search engine and search business and this could mark china's first real foray into the chatbots space. alix: am i taking a warning from this? when all the big guys get in and there is so much enthusiasm, i get worried. ed: what i think you said was what is microsoft doing today? microsoft has a mystery event at 1 p.m. eastern but we know it's about artificial intelligence. sam oldman who is a leader in this, he tweeted a selfie with session idella who is the ceo of microsoft. our assumption is this will be the next iteration of whatever microsoft is doing to ingest open ai technology into its business. i've lost you in my ear so i'm hopin

joining us now, ed ludlow. let's start where we left off.d: as jonathan put it, when you look at the fundamentals are not doing well in the stock does not reflect that in is trading. what we learned on thursday night is that amazon, alphabet and apple are not immune to macroeconomic headwinds. the apple core is fascinating because ted cook was blunt that they would've been better for supply strength restraints and lack of demand in china. had there not been supply chain constraints in the last three months of 2022, they would have seen growth in the iphone segment. they missed estimates by 5%. that's an astonishing thing to say. as apple has not done, they having given any forward-looking guided so we don't have any lens on how that improves. tom: the china factor will be fascinating. just anecdotally, they're ready to go out and spend. we will see the ripple across for apple will be. i'm interested on your views around the cloud. amason coming out, aws is so important. what is happening in cloud? ed: aws was a surprise. the commentary was s

ed: i am ed ludlow in san francisco. i wanted take a look at cryptocurrencies.teresting week for crypto -- risk assets. these are the biggest tokens by market value locally. in bitcoin's case is a relatively high degree of correlation between the nasdaq 100 and bitcoin. on the week relatively substantial declines. will read on the bloomberg terminal, a good piece from the cross asset team, a bit of a liquidity crunch. at the times of crisis, that is what the market is seeing now. as we discussed on twitter spaces, the key the romans of the ftx -- key develop and sit on the ftx. on a week where risk assets take on board the future outlook from the fed and we try to draw a conclusion going forward. caroline: let draw more conclusions with jill, digging in about the correlations. we have started to see a movement away. the fact that crypto had been relatively well bit wild -- while tech stocks had been under pressure. romaine: crypto has performed robustly this week so far, notwithstanding. it has taken a lot of people in industry, both asset allocators and builder

bloomberg technology coanchor ed ludlow. coming up, construction of new homes in the u.s. for a fifth month. we will be speaking with homebuilder ceo cheryl palmer of taylor morrison next. this is "bloomberg." ♪ alix: we are about one hour into the u.s. trading session. now, it makes sense. yields are higher. abby is tracking the moose rest. abby: right now, we do have stocks near the lows, but off the lows. with the bullish attitude and positioning, we are actually going to see some sort of a bullish reversal on the day. we certainly aren't far from that now. but again, we had been down closer to 1.2% earlier. hit the hardest, not surprisingly because of that relationship between rising yields, hitting tech stocks where valuation could be more of a concern. both microsoft and nvidia leading the way. of course, that 10 year yield, of three basis points. 4.64 is the idea with the investors today talking about 50 basis points. the possibility of that being appropriate, most people are focusing on margin 25 in may. the idea that the fed is going to do what they say they are g

joining us now is ed ludlow. let's talk about adobe.ve a regular -- regulatory problem. my question is will investors be leaved about this or concerned? ed: that is the right question. bloomberg reports overnight that the doj is preparing to bring an antitrust sue for the suit for adobe. it could come in one month and shares are reacting negatively. that is curious because when the deal was announced there was a surprise from investors there is -- they thought it was way too much money. and overvalued. the dynamic you have in the market this morning is that shares are down. the markets are realizing that adobe needed it -- figment for a long time -- they needed figma for longtime growth. and now that authorities are coming in investors are saying this is frustrating because this could be a potentially good deal for adobe long-term. kailey: maybe it makes sense for adobe for this combination -- combination but it is worrying regulators what is the concern? ed: adobe has a similar product for what figma offers. it is a in base -- web desi

ed ludlow, technology co. anchor joins us now.king at google on my screen, alphabet down by 6.2%. we have a search problem. >> on monday alphabet, the parent company of google through social media platforms put out a video. in that video they were trying to demonstrate their conversational ai effort allergy chat gpt to improve the google search. in the video the question is posed what new discoveries of the james webb telescope can i tell my nine-year-old about. one of them is jw street took the pictures of a planet outside of our solar system. the key space enthusiasts will know that's not actually true. the telescope was put into commission and deployed in 2021. the first one outside of our solar system was taken in 2004 in chief play. so the market is two days late to this inaccuracy but it appears to be selling on the idea barred is generating inaccurate responses. in their official communication google do describe barred as an experimental conversational ai tool. it's an interesting reaction here. >> it's an interesting arms

joining us now is our coanchor ed ludlow. ed, fantastic shot of san francisco there.waking up and the news is becoming increasingly familiar. more and more job cuts. this can you shock. intel warned us. dell is the obvious case that follows that. ed: that's one that was logical in that we saw coming. bear in mind hp announced layoffs last year and had similar exposure to the same market. ibm making similar noises. it's interesting, it's a kind of 6000, 600 50, 5% of workforce. but since headcount peaked at the beginning of 2020 had no, it has been trickling lower anyway. there are two reads on this. one, the timing. it's still earlier in the year. february. it's indicative of the recovery in the market coming later than we expected. then there's the other reaction, the stock is down pretty significantly now. as has been the case throughout this time, many investors are cheering basically the costs discipline and saying that it will be good going forward. kailey: as you alluded to, we have seen there had come -- headcount go down with other companies that have been gro

ed ludlow, a coanchor of bloomberg technology. there are other stories at work, including nvidia.tock today. ed: around 14.5%. 15% would be the biggest jump going back to march 2020. basically, nvidia's a,i, moment has come. this is a leading chipmaker that makes processors that have been so ahead of the game when it comes to graphics processing, gaming and data centers. we are seeing evidence in this bullish forecast the realm of artificial intelligence. they have gotten really superior computing power. you can handle multiple data and use the gtx machines to train software, to act in a way that artificial intelligence does. in an interview with the ceo, he is modest about what is happening but it is an inflection point where companies are realizing ai matters and they know the need to invest. he talked about open ai and what we are seeing and makes the point that a it is ai platformn a business, you need something more tailor-made. guy: ed, is nvidia really an ai company, or is it just ahead of everyone right now? i am wondering whether or not this is the company looking for a p

and our returning champion-- a delivery dispatcher originally from ludlow, vermont... whose 3-day cash [applause] and now here is the host of "jeopardy!"--ken jennings. [applause] thank you, johnny. welcome to "jeopardy!" our champion, jake dearruda, started yesterday's game strong. he ran a category then immediately found a daily double, went all in with his chips, and notched a big early lead that he never looked back from, ending the game with his first runaway. let's see what today's competition has in store as we welcome patti and aaron. let's get to work in the jeopardy! round, shall we? here are your categories. first up... then... then... and... jake, where do we start? inventions, $1,000. - aaron. - what are cataracts? - yes. - "break" for $600. - jake. - what's a breakaway? - yes. - inventions, $800.

hunting has come off, but again, that learn more while they get most, either in bizarre, nick and ludlow not to several come see, was that who is the bid was measure salami? this is tammy b. m b o. 2, he may be, i'm or me. you of a de store in lima lecoq nat can't handle emma. my due date was understood little memory. and i certainly don't wish to con, she's hammock. i'm sure she don't come. she said, i'm seen at the dental kilobit bass fee, but i fi fi head on by that he took in but that he saw yet, but there for but if he must have but they're not gonna be glassy then him when they go an island medical him will la mcdeffy? i knew it amendment. i love that. i love the how only to medicaid just to read the full hunger said hm. sahara zekia the may cause i hired may flip crystal kinds doors feel bad as she lars muscle were. cekada was my is or c m's, you know where they would have commitment and it would you laugh. i lemony, they marry. she had diarrhea. i. li, if were there, i'm gonna. oh, shut her. when and then i actually am. i'm sat her is mich. hovel. my at the cash at different dile

and our returning champion-- a delivery dispatcher originally from ludlow, vermont... whose 2-day cash [applause] and now here is the host of "jeopardy!"--ken jennings. [applause] thank you, johnny gilbert. welcome back to "jeopardy!" yel the of plays me uagainst what proved bmento e u, he could make a tiny wager, and he emerged as a two-day champion. today he'll be facing soren and liz. welcome and good luck. let's see what we have for you category-wise in the jeopardy! round. first up... each place begins with the letters i-n. then... no offense. you'll have to name the letter used in the same word both silently and pronounced. it appears twice. and finally... hello, out there in broadcast tv land. i'm jason concepcion of the crooked.com podcast "takeline," and "x-ray vision" and the digital series "nba desktop" with clues from my empire of pop culture commentary. jake, you start us off. concepcion, $1,000. here's jason. as co-host of the official podcast for hbo's "house of the dragon," i shared my interview with this creator of westeros

for, for them the was so anything so only thing we can model it could be, she turned burnett for to ludlow in tall or, and, and i'm told info the normal veil is in there. mr. be here for a live list of in those of huck. see her was elected as a mere into good to meet on this mission here. i'll fail leak or give a weapon, thus are here be made off to serve and really curious if the galilee cusick is seen on a bunk did vietnam. we talked with d for augustine on, and i'm here with a nice to meet, got, or peter, the ainsley effort day to get that safely meet them wouldn't build a shaft or to meet the hamas. it was to pull her operation, looked, saw was carried out across 4 austrian states over $900.00 police officers and special unit agents took part in it, but no criminal charges were brought against any one question. i think these are all assumptions. there was nothing proved. look, sean. oh, did not yield anything. and i'm a legal person as you're now. and i are looked at this from a legal point of view and i said, this is a terrible mistake because it's a fit. did some said 2 young family

so only thing we can model it could be she tenderly been at 4 to ludlow in tall or an am calling field, the normal it a little bit here for a list of in the us of huck. see her was elected as a mere in to get the meeting in this mission caea. i'll fail leak or give a weapon thus, or he'll be maint off to circle and really curious if the galilee cusick is seen on a bunker to youth vietnamese hockey for augustine on. and i'm here with a nice to meet, got, or peter the ainsley for dave to get that safely. meet them with livable to shaft or to meet the her last it was to pull her operation looked, saw was carried out across 4 austrian states over $900.00 police officers and special unit agents took part in it. but no criminal charges were brought against any one question. i think these are all assumptions. there was nothing proved. look, sean. oh, did not yield anything. and i'm a legal person as your now. and i are looked at this a, from a legal point of view and i said, this is a terrible mistake because it affected some said she, young family, yvonne, michigan, i'm not so need sla, me a