, early ludlow experience experience. but i don't know that it's wasn't exclusively jewish people any means. so i'm not sure if you have something specific. was there discrimination or religious one? yes. the original covenants were meant. it's often actually said that they were meant to keep out blacks, -- and catholics all in one. they were all the undesirable. however i think it should be said. at least i don't. not certain about catholics, but there were jewish families who did get in early. i mean, they did there. i ran into several families whose who are people whose families dated back to shaker, you know, into the teens and so i think that's you know, says a about how these things were enforced that even though yes it was hard for -- get in it was not impossible. but that's different when it was much different for for black buyers. i don't think that they were parallel at all. thank you. i actually have to say, i learned a lot about real estate reading, reading about early, early origins of shaker heights and that

ed: and i'm ed ludlow in san francisco.lish outlook on sales, we will sit down with the ceo to discuss. ed: the mouse house spikes as cost-cutting benefits and international theme park strength boost the company's

ed ludlow joins now with the details.he worst fears about china work that overblown. ed: they missed by almost $3 billion. there is some messaging happening. the cfo speaks to emily chang and says we are disappointed with the decline in china. it is a really competitive market, really hard. go to the transcript and look at his opening remarks. he is citing third-party data saying on the iphone side we are at four of the six top-selling handsets. that has been the story for a while. in categories like ipad and mac they have fallen behind. apple would be like bad. katie: i don't have much time left with you. i would really like to talk about meta here. ed: value to ads and ai. 12 months ago we were lamenting the cash burn. boost the buyback and we are back. the market loves it. katie: we will leave it right there. we are back, baby. for more on what we have seen with so far, he joins me now. michael, i'm thrilled to have you with me. you are one of the rare birds that has change your view, just some context for our listener

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology ." caroline: doordash delivering the goods, but the stock pulls back, while draftkings is betting big on the lottery. ed: plus, super micro drops, ending a rally that put the server company on a record-breaking week. we have an exclusive conversation with the ceo coming up. caroline: openai ceo sam altman is looking to get the green right -- green light from the u.s. government to raise billions to boost global manufacturing of ai chips. we will bring you the story, but first check in on these markets. we are running too hot when it comes to producer prices. the inflationary pushes once again, and it has an effect on stocks. we are off by .5% on the nasdaq. the s&p pulling back on what has been a week of gains. but still clinging to that $5,000 mark. we are looking at the 2-year yield. bonds across the board selling off. we are higher by nine basis points. in the world of bitcoin, notable that it stays higher. even though the u.s. dollar rises on the black -- on the back of the inflation

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology."ll earnings coverage ahead of spotify in palantir, they surge on strong results. ed: strategists from citibank worn positioning in tecoog

ed: i am ed ludlow in san francisco and this is bloomberg technology. caroline: we sit down with the ceo of lyft to run through the results and break down the clerical error that led to a 67% surge in its shares. ed: plus we are joined by the openai chair and former salesforce ceo as he raises 110 million dollars to bring ai agents to business. caroline: fighting talk from mark zuckerberg as he personally reviews apple's vision pro and are his takeaways not good. we will discuss that and so much more about first let us check in on the markets because some reprieve after yesterday. the selloff and cpi print. it looks like we will be pushing these stocks a little bit higher with nvidia and other companies on the upside. i dig into the detail of individual companies that have reported and airbnb is managing to post a strong fiscal quarter. but are we seeing some moderation in terms of ultimately seeing room rates take up. and also they had a run-up in the stock anticipating the numbers. uber giving money back to the investor base. they had a strong quarter

. >> i am ed ludlow.ff today. coming up, rethinking any ipo in new york with its sights set on london as the fast fashion company faces hurdles in the u.s.. nvidia's supercomputer is hobbld

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: full earnings coverage ahead of spotify in palantir, they surge on strong results. ed: strategists from citibank worn positioning in technology stocks is so bullish that any selloff could spur a market route. caroline: adam neumann and other investors are buying we work out of bankruptcy. we'll bring you the latest on the matter, but first let's check in with the markets. it is a macro story. after the significant selloff in the bond market we see a little bit of calmness as we anticipate a lot of fed speak. we are off by about .1% on the nasdaq more broadly. 10-year yield down five basis points after having risen fast in the last two trading days. look at what is happening in china. we see the talk that jeezy and paying at the top hierarchy chain of china is starting to debate what to do about the selloff that continues to afflict some of the chinese stocks. trading of chinese stocks up some 5% when you're looking at the nasdaq golden dragon today. moving on, happening in c

ed: i am ed ludlow in san francisco and this is bloomberg technology.res under pressure after delivering a disappointing outlook with plans to cut thousands of jobs. ed:

he joins bloomberg technology's caroline hyde and ed ludlow coming up next.n you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh katie: a huge week for earnings and monetary policy. we had the fed earlier in the bank of england holding the rate at 5.25%. it dropped references to further tightening in its guidance. that opens the door to interest-rate cuts for the first time since the pandemic struck. the central bank has stuck to predictions that interest rates will fall to target this spring while warning that price pressures could reemerge. francine lacqua sat down with the boe governor earlier today. >>

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology ."oordash delivering the goods, but the stock pulls back, while draftkings is betting bi

ed: i am at ludlow in san francisco. this is bloomberg technology. caroline: peloton tumbling. we will discuss where the comeback efforts went wrong. ed: the landscaper ipo's is heating up. we will dig into mx exports which starts trading today. caroline: we will speak to the ceo of qualcomm, but first let's check in on the markets. a macro sigh of relief after yesterday. we redirected our thoughts. it felt like there was a different tone from jay powell and marched being taken off of the table for rate cuts. today we bounced back a little bit with big tech on top ahead with key earnings that we will be discussing. the nasdaq, china also saying that we are committed to stimulating our economy and in particular trying to focus on the semiconductor area. we saw big moves for chinese stocks. it still flows into what's happening with chinese-related names in the u.s. the golden dragon china index is what i look at. nymex crude is up. this is geopolitics and play and worries that we may see cbs reporting some focus on syria and iraq coming from the u.s. over overall conflict ramific

>> this is bloomberg technology with caroline hyde and ed ludlow. >> i am ed ludlow. killing hyde is off today. coming up, rethinking any ipo in new york with its sights set on london as the fast fashion company faces hurdles in the u.s.. nvidia's supercomputer is hobbled in florida by laws preventing top town it from ever sitting foot in the state. we will bring you reporting from the ground. la raises $30 million as it looks to providepse gen z users. we will discuss that. we are coming out of the tail end of earnings season for the technology sector and headfirst into a week where economic data is front and center. there has been choppy trading, currently up .2%. yields have been creeping higher. prepared to back our expectations for what the fed willow want to do with the rate cut. the 10 year yield, 4.28%. bitcoin at just below $57,000 per token. significant because that took the global market to $2 trillion in market cap total. i will show you that chart later on. the crescendo of the week, 24 hours time when we get pce data because it will inform what the marke

money and power collide in silicon valley, this is bloomberg technology with caroline hyde and ed ludlow. >> this is bloomberg technology. >> we will discuss the implications of higher for longer rates on the tech sector. >> we will dive into the names reported tonight and get a read on the health of the gig economy. >> bitcoin drops having hit $50,000 for the first time in two years. all of that and so much more coming up. first recheck in on the macro picture. the hotter than anticipated cpi print which means the market anticipates rate cuts. the nasdaq under pressure, one of the worst performers. big tech being squeezed at the moment. you see this borrowing costs leaping to a higher side. the two year yield clipping the highest since december with the fed did pivot and make the market think we were going to see some rate cuts coming in 2024. we are up by 30 basis points. i went to go broader with clear bridge investment analyst hillary who gave us a perspective of what has been happening on a risk asset basis and ultimately we are seeing a perspective that may read cuts aren't happeni

joining us now is bloomberg technology's coanchor ed ludlow from san francisco.expectations? how fragile are the companies going into the season? ed: they are sky high and we go based on results from microsoft and the investor response. we know microsoft put a lot of money into ai and there was a high degree of confidence that would materialize in the topline on the bottom line and it did and they told us how it did commit six percentage points of contribution to cloud growth from generative ai. but the stock still had a negative reaction. there are important idiosyncratic nuances between each of the three names reporting after the bell today. what they have in common is a high bar. i suppose ai links to them as well. sonali: looking at the numbers that come out today, are there clear winners and users -- losers in the categories we are looking at? where are investors putting most of their money coming out of today? ed: i think they are rewarding bottom line performance. they are very worried about bottom line miss or sluggish growth in both. apple will be a real

ed: i am ed ludlow in san francisco and this is bloomberg technology.ith the ceo of lyft to run through the results and break down the clerical error that led to

ed: i'm ed ludlow in san francisco. this is bloomberg technology.aroline: full market coverage ahead as cathie wood cells nvidia by cutting tsmc stake. ed: the supreme court will hear challenges today on two walls that aim to prevent social media platforms from censoring posts. we will have the latest. caroline: jeff bezos nvidia join openai in developing humanlike robots. we will discuss that and more throughout the hours. checking on the markets, a little croaky like my voice. we get the core pce details, how is inflation going at the moment? it is all about the eyes on macro. a little bit of cautious training in europe as well. 10 year yield up three basis points. let's look at what's happening in the world of crypto. bitcoin, as the dollar, flat on the day. crypto spiking. ed: kkr is buying a software unit for about 4 billion u.s. dollars. this is a unit that basically provides the software for remote desktop collection. it is something they got out of the amway deal last year. you can cav geo -- see avgo. the other movers story we are looking a

for more, we are joined by ed ludlow. this feels like the end of an era.s this mean for other ev acres -- makers, tesla, apple cannot get this done why would they be able to? ed: if apple ever got its act together on a car, whatever it looks like, the biggest direct competition would have been with tesla. that is his thesis at least. you look at the apple brand and price point of their electronics and what they might enter on a car. you called this the end of an era. i have reported on this over the last six years or so. the conclusion is apple never really decided what they wanted the car to be. they flip-flopped between this being a robotaxi versus a consumer car and back again. even with almost $200 billion of cash, it does not automatically mean you can put out a new product. katie: the second part of the story is the refocus on generative ai. is there a sense of apple needs to play catch-up? have they been left behind when it comes to the ai story? ed: there is frustration from investors and consumers that apple has not told the consumer facing genera

i am ed ludlow in san francisco. caroline: we will bring you the full coverage of super bowl 58. we have you covered. ed: bitcoin tops $49,000 for the first time in a month. we look at the ups and downs of the crypto industry as many hope during a tumultuous few years. caroline: president biden hopes to reach young voters during his reelection campaign. we will break down the strategy. let get to these crucial markets. we are digesting what has been a serious run up in the equity market and you see it with the $5,000 level again by the s&p 500. we are only up a 10th of a percent after we pushed through that for the first time friday. so we just sort of wait and watch and maneuver ourselves as we anticipate what the federal reserve does. we are looking at the macro and fed policy, yields up about a basis point or so on the 10 year yield as we anticipate inflationary pressures tomorrow. this particular risk asset is on a tear and we are up at the $50,000 handle again and we will dig into details in a moment. >> two analyst calls i am watching, nvidia is the story now. beyond $900 a

ed: i'm ed ludlow in san francisco. this is bloomberg technology.market coverage ahead as cathie wood cells nvidia by cutting tsmc stake. ed: the supreme court will hear challenges today on tw

ed: i am ed ludlow in san francisco and this is bloomberg technology. caroline: cisco shares under pressure after delivering a disappointing outlook with plans to cut thousands of jobs. ed: coinbase earnings out after the bell but shares have jumped after receiving an upgrade. bitcoin holding above $52,000. caroline: hedge funds buying into some of the biggest names in tech. amazon, intel and nvidia among the favorites. they will include the winners and losers. first llama -- first, let us check in on a key loser. temenos in europe says that it is confident in the strength of their operations and financial cats position as well after a short note was put out. six is the benchmark manager and it is time and knows is -- temenos is suspended from training. let us get back to the macro picture aside from what is happening in europe. we are off by .2% with big names coming off of a record high. the two year -- year yields diving as we get retail data. retail sales falling a little bit lower than what has been anticipated. maybe the fed does cut. we are looki

>> this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco. this is bloomberg technology. caroline: coming up, amazon, meta, and apple out with their latest earnings. ed: we will take a closer look at apple's latest bet on the future. caroline: and an exclusive interview with the nvidia ceo, where he sees the biggest benefit from the ai boom. first let's get to the big moves when it comes to tech. and we are record highs when it comes to meta. ed: there is a compare and contrast here. apple, it is the story we expected. they did grow overall in the quarter and afforded five straight quarters of sales declined. but the stock is down significantly, back to where it traded in november. why? greater china. sales missing by $3 billion. but the narrative on the call, we were four of the top handsets in china. we will dig deep into the growth story for the stock. and then there is meta. meta is the story today, probably. we are on track for the biggest jump since februar

ed: and i'm ed ludlow in san francisco.oming up, we push ahead to the advertising event of the year and sit down with the head of the company shimming super bowl 58.

coming up, we have bloomberg technology with aroline hyde and ed ludlow.. >> from the heart over innovation, money and power collide in silicon valley, this is bloomberg technology with caroline hyde and ed ludlow. >> this is bloomberg technology. >> we will discuss the implications of

>> this is bloomberg technology, with caroline hyde and ed ludlow. caroline: i met bloomberg world headquarters in new york. ed: i'm in san francisco. caroline: coming up, full earnings coverage ahead. salesforce, paramount, to name a few. ed: bitcoin pushes toward a record high amid massive inflows into exchange traded funds. the state of digital currencies amid that rally. caroline: apple facing weak demand for the iphone in china. the recently slashed the price of the latest model. we will discuss that and more. first, let's check on markets. the macro field to the day -- the pce deflator -- what is the inflationary pressure the federal reserve is looking at? came in, in line with expectations. write for the federal reserve therefore to be pausing on rate cuts. a relief to the market. we see 10 year yields come down from four basis points, down across the curve. i'm looking at a volatility and a fear gauge that strengths -- shrinks less than a point. look at what you are just outlining. where the action has been is the technology, bitcoin, up 4%,

ed ludlow is off this week. coming up, wall street eagerly awaiti vi

i am ed ludlow in san francisco. caroline: we will bring you the full coverage of super bowl 58.

ed ludlow is off. coming up, all eyes on nvidia as the $1.7 -- $1.7 trillion company years up for earnings after the bell. plus, palo alto networks heading for its biggest drop ever as customers face spending fatigue in cybersecurity. and google looks to build an open-source ai community with the launch of its new model. we will discuss that and so much more throughout the hour. but first let's check in on these markets. we are seeing fatigue and terms of purchasing of tech stocks. we are waiting and watching to see whether the ai hype can be borne out in the reality of revenue. nasdaq off by .6%. chinese stocks moving higher on those u.s.-traded ones. that ultimately is being seen as china putting in place restrictions on selling. could this support the market and stock info and see some sort of rebound? i'm looking at bitcoin under pressure by 1.8%. we are still at about a $51,000 handle, what a little risk aversion that sinks into that area of risk assets. i want to move on and look at what the indi

ed: and i'm ed ludlow in san francisco. caroline: coming up, we push ahead to the advertising event of the year and sit down with the head of the company shimming super bowl 58. you guessed it, paramount ceo rob bakish. ed: we sit down with the head of partnerships at x as the social platform announce a deal with the w w e. caroline: and we take a look at the state of sports betting and sit down with fanduel ceo amy howe. just apart from the anticipation, let's get back to what is happening in the world of markets. we currently are seeing the nasdaq managing to outperform the rest of the benchmarks today. we had some easing of concerns about inflationary pressures coming out from the government statistics, but we look ahead to what tuesday is going to print. for now some relief. the nasdaq drives higher. some of the big names on top today, s&p 500 really with the psychological level here. we are above that 5000 level again. managing to move higher on this week. i'm looking at the 10-year yield pushing up four basis points.

ed ludlow is off this week. coming up, wall street eagerly awaiting nvidia's earnings, due out tomorrow. will they get confirmation that shares can meet the expectations set by the boom in artificial intelligence? plus, apple loyalists are making a u-turn on the vision pro, some returning the device to get there $3500 back. so is the headset truly the future? big time -- bitcoin climbs for four straight weeks. we will have more this hour. first let's check in on these markets. maybe some profit taking head of another big week when you're coming to the earnings expectations. s&p 500 actually below that 5000 level. the nasdaq off by more than 1% aztec gets hit the most. it is interesting that i shine the light on some of the chinese stocks traded here in the u.s.. off by almost 2% between cuts to the mortgage rates, not enough. lukewarm response, and certainly the chinese sect your terms of tech exemplifying that. coming up we will have a look at individual movers. that coin has marched higher for four straight we

ed: and i'm ed ludlow in san francisco.aroline: a bullish outlook on sales, we will sit down with the ceo to discuss. ed: the mouse house spikes as cost-cutting benefits and international theme park strength boost the company's results. coverage ahead. caroline: apple's limited release of the vision pro fetching as much is $5,000 in the resale market. first, we check on the macro, the picture of the markets and we managed to just be pushing up 3/10 of 1%. chipmakers outperforming, many things to arm. interesting levels for the s&p 500. we are a long whisper from the all-important $5,000. we are basically flat on the s&p, taking a breather after the surge we've seen in equities and the bond market, getting a 30 year sale today after some pretty successful five year and 10 year sales. yields just pumping up a little bit as we anticipate that sale. yet again seeing risk assets surge in a world of bitcoin, up another 2.9%. up off the 45,000 dollars level, all that etf flows. >> we are spoiled for choice when it comes to earning

ed ludlow is off. coming up, all eyes on nvidia as the $1.7 -- $1.7 trillion

bloomberg technology cohost ed ludlow joints me from san francisco.alk to about ai all day. when you look at palantir's profit how sustainable is it as it looks for share? ed: that is the concern on the sales side. palantir is saying at the high end $850 million in 2024. it is a company that has always used some form of artificial intelligence, but in the context of data analytics. its most recent product is artificial intelligence platform , which is basically a generative ai tool that gives insight based on an enterprising customer's own data and that a sustainability that goes to the enterprise customer. currently most of palantir's businesses is with governments, but what the ceo told us in an interview is they cannot keep up with the private demand right now. the street looks to that forecast and says that is really big, how will you on board all of this business? sonali: how are they going to on board all of this business? ed: it is an amazing story with irony. before this ipo they were so disinterested in sales reps. they did not have a built o

i was, i suppose source narrative corp, ludlow full. i don't like to for sure if it's almost i don't if it was just sort of like giving here symbol which could before an attempt for us when one wants to for numerous for versus a mission of voltage, great space, i'm giving me a solution, supposedly source gives it a nips ecology doesn't live up. so here it is through phones, but i'm with a phone come in at the more but i'm with us. are me a computer for you? better with, think of a little more with the front cover instead of doing this just to live in your list of living in the system. a little more on the internet from you for us to find them. keith trevino. yes. versus nozer here. solution roy of them use the same, it was a peter's or why you couldn't you my are you her? but i she and your know me and pulls. i heard on your end up with such a one way. wish i'm a little more me cuz i'm was 100 per year for the rest of the isn't that i don't know simple some of the push the 5 me and i'm going to want to commit to consider with introducin

i was, i suppose source narrative corp, ludlow, pull out the portion of it almost. i don't know if it was just sort of like the revision of orange, but before that attempt for us, when one wants to for numerous for versus a mission of voltage, great space, i'm giving me a solution supposedly switched gears. we didn't have a large, it doesn't live up since yesterday and through the phones, but i'm with us for fun. come in at the more, but i'm with us or near a computer for you better with thank you for the war with y preference. i went to the to do this just to live in your list of learning and those are for some little more on the internet from you for us to find them. keith trevino? yes. versus nozer here. solution warrior them used to be seen you. those are peters are why you couldn't you my are here her but i she and your know pause i heard on your end up with such a one way. wish i'm a little more me. i've got the sooner for you, for the, for when i was on the throne us with what's on the push, the 5 me on the committee to fit or is this and i was i but i the mo

yvonne: jensen huang speaking with ed ludlow. plenty more ahead.his is bloomberg. ♪ rishaad: the biggest drop we have seen, 15% down loss to a ozora because of commercial real estate blowing up for this lender. good news in japan and indeed in china. yvonne: if you are angry you must be loving this. china green lighting gaming approvals. tencent up 4%. mobile dns game. that is one that got approved. david: that was a surprise, citigroup saying that is a big deal. maybe a signal for regula rishaad: there you go. the skyline of the imperial palace. tokyo with the palace in the foreground. that gives you an idea of where they went. david: 70 or 80 years ago they flexed their footprint. rishaad: i think we move on from that. david: japanese markets have flexed of late, 1% higher as we head into the close. it is lifting the overall equity markets. yvonne: you have the fed discussion wrapping up this week. maybe there was a little bit of less dovishness post december pivot from jay powell. really the tech sector and all these mag seven earnings was drivi

money, and power collide in silicon valley, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde. this is bloomberg technology. nvidia surges as a i demand powers the company outlook again. we will have full coverage on the company as it looks to add $250 billion to its market cap today. we will get a read on the state of the ipo market as rated -- reddit gears up. plus, a preview of what we can expect from an exploration start up and its attempt to put a u.s.-made lander on the moon for the first time in 50 years. first, extraordinary moves once again and still a valuation that is relatively cheap, nvidia surging 15%. will be the biggest ever addition in terms of market cap for any single stock, up 15% again, making it on the edge of getting to the $2 trillion mark. and the reason may be the valuation -- those earnings keep on rising at an x ordinary pace. >> what a sensational set of >> results from nvidia. >>i will do my best to contain my enthusiasm. >> each quarter, they continue to surprise. >> the only results that would be acceptable was a su

in shropshire, two on the river severn in ironbridge and shrewsbury and one on the river teme at ludlowse very welcome designations improve the quality of rivers in shropshire and the other areas under consideration in yes, prime minister >> mr speaker, on monday we launched a consultation on the largest ever rollout of new bathing water sites at 27 potential new bathing waters in england, including an extra one on the river teme in ludlow in my right hon. friend's constituency, and he is right. substantial improvements have been made in recent years almost 90% of designated bathing waters in england now meet the highest standards of good or excellent, up from just 76% in 2010. mr speaker , all part of our plan speaker, all part of our plan for water, which alongside this side of the house, voting for the strictest storm overflow target and plans for unlimited penalties for polluting water companies, opposed by the party opposite . yes, indeed. opposite. yes, indeed. >> thank you. thank you, mr speaker . the >> thank you. thank you, mr speaker. the parent of a two year old in the uk is

ed ludlow is jennie bond with the nvidia ceo. >> we welcome the nvidia ceo.ensen, the conversation is changing to sovereign ai, and you yourself aren't toronto canada. my understanding is you just met with canadian government officials. what did you agree on? >> i met with minister champagne. i am here to celebrate the research center that we have here in toronto. you probably know the university of toronto is as close to the epicenter of modern ai as it gets. a professor was here, the advances in deep learning, i have met many of them in the early days of the invention of modern ai. so we started our research lab here. there is a large ai community here, and what is needed is for canada to have public infrastructure that supports the ongoing advancement of ai research and to support local startups and local industries. one of the things about generative ai is it is a form of computer science, computing where a large computing infrastructure is essential to the creation of the large language model as well as the generation of tokens and information that is va

power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: i'm caroline hyde at bloomberg world headquarters in new york. ed: this is bloomberg technology. caroline: apple scraps its ev ambitions after a decade-long effort as the company focuses on ai. they are full coverage ahead. ed: google ceo blasting the failure of the gemini image generation feature is the company looks to remedy the situation. >> the company reports earnings going public. new ai products. all that and so much more prayed let's check in on these markets because there was economic data not much to catch the attention today. currently off about 4/10 of 1% on the nasdaq really caring about the pce number. inflation data by the federal reserve which comes out tomorrow. we see a little bit of a selloff ahead. this is the u.s. trade inversion down 1.5% so really some weakness coming over a pretty ugly day in china trading. nothing really moving just about one basis point. where there is action to him on the macro perspective looking at one particular asset choice.

. ♪ >> this is bloomberg technology, with caroline hyde and ed ludlow. new york. ed: i'm in san francisco. caroline: coming up, full earnings coverage ahead. salesforce, paramount, to name a few. ed: bitcoin pushes toward a

ed: i am ed ludlow. caroline: we will take the pulse of the market and get a read on the magnificent seven as one name struggles to keep up with the pack. ed: joining the course of technology, nothing cuts to jobs, 10% of global workforce of snap. caroline: global chip sales projected to hit a record this year. the ceos of join the program. a day a macro affecting some of the individual names at the moment. the market takes a turn is once again we're running too hot. the cost of services employment as well. what does this mean in terms of inflationary pressure? we know joining cvs was one fed chair powell. adding in the overall strong economic data and we turn on the nasdaq. in china, cs of he hit a record on friday, we saw a five-year low for tiny stocks. all of this as we see once again china try to curtail any selling coming and betting against the market over there and trying to push back against the volatility. 10 year yield crushes from 15 basis points as we get this trump economic data. -- as we g

haidi: that was paramount's global president and ceo speaking with caroline hyde and ed ludlow.ndback energy and ended -- endeavor are in discussions toward a deal to create an oil and gas giant. we learned endeavor would be valued at $25 billion in the deal that might be announced monday. the combination would be the latest in mergers that reshaped the corporate landscape in u.s. share oil recently. exxon mobil agreed to acquire pioneer resources last month. occidental petroleum reached a deal to purchase crown rock for $10.8 billion. looking at how we trade across oil at the moment as we are releasing some of that rise in geopolitical risk and the fading of the cease-fire agreement in gaza driving geopolitical risk premium higher but brent crude up 4/10 of 1% and ny crude trading. we are seeing downside projected by goldman sachs seeing an estimated shortfall of more than half a million barrels per day of downside risk in their forecast for china and demand in the fourth order account of a surge of ev sales and various conversations held with local consumers according to analy

ed: i am ed ludlow. we will take the pulse of the market and get a read on the magnificent seven as one name struggles to keep up with the pack. ed: joining the course of technology, nothing

bought more on the outlook for the chips sector with the nvidia ceo jenson huang speaking with ed ludlowdaybreak australia tomorrow. the latest corporate stories. newer community bancorp plunged by a record with investors worried it could signify wider risk in the commercial real estate industry. the bank's provision for loan losses surge to $552 million last quarter, more than 10 times analyst estimates. the bank acquired part of signature bank last year. it has stockpiled cash as it contends with lending risks. moody's placed n.y.c. be on negative watch and may but its rating to junk. customers and creditors of bankrupt crypto exchange ftx will likely get back all their money upon proving their losses, at least, what the company told the judge. the team overseeing the firm dropped efforts to restart or sell the ftx crypto exchange after concluding it would cost too much. leaders of the top social media platforms faced a barrage of criticism from u.s. lawmakers over there online child safety failures. the ceos of firms including meta and x testified before city committee -- senate commi

speaking exclusively to bloomberg technology's ed ludlow. let's stay on the tech story.eporting a deep slump in china during the holiday quarter, that's of the company returned to revenue growth. meanwhile, meta and amazon sword after beating expectations and their latest quarterly results. joining me now for the deep dive on the tech sector, what we see from this is our tech reporter, i have always been slightly skeptical of the whole notion that nationalism is going to drive china and apple and iphones out of the chinese market because i've always seen that with apple products among many people in china. it is having an effect and they are being challenged in china. the competition is facing headwinds. >> for sure, looking at the numbers, the china story overshadow the rest of the results. that's a real worry for the company because it was a real, and it is a key market for them. essentially, what we are seeing is that, as you say, it was always desirable to have apple products in china. that is probably still the case, that there is a twofold story. there are restrict

money, and power collide in silicon valley, this is bloomberg technology with caroline hyde and ed ludlowhyde. this is bloomberg technology. nvidia surges as a i demand powers the company outlook again. we will have full coverage on the company as it looks to