so as meda, i thought -- so is meta.thought there was show more discipline than they have let on. emily: you have been covering technology for two decades. do you think we are seeing a real inflection point here? is there further to fall? how long does it take before this turns around? mark: two thoughts. we have a negative inflection here. tech is bigger than it was during the last cycle of 2008 and 2009 with the great financial crisis. those were the same thing. it is much bigger. it is more cyclical than it was back then. our firm, we are the overall advertising, it will decline into the single digits. the digital advertising will be flat up 5%. another inflection point i am interested in will have to come back to, that is ai. what middle and alphabet is doing -- what meta and alphabet are doing, they are spending on artificial intelligence and machine learning. bill ready has been very thoughtful on this topic. i am fascinated with what will come out of this. the market is looking at the ai investment and the capital

meda sinks 20 percent after hours as sales disappoint amid a gloomy ad market. also spooking the investors. there will be axes falling across credit suisse. they need to raise capital and they have taken a major investor from the banking side. they saw significant deposit assets under management. dani: the question is, where do those outflows go? it did not go to ups. they will cut the cost base by 15%. it will mean that they will cut about 2700 jobs in the fourth quarter. they said they had a hold of 6 billion frank. they will raise capital and according to kbw, the whole is still there. manus: absolutely. there is a radical restructuring on the way at the investment bank. the expect the workforce to fall. you have a restructuring charge between the fourth quarter coming up and the 2025. it is the deferred that seem to be one of the bigger lines. there is a fresh headline on that. dani: we have the reporter with us who has the screw. earnings were much weaker than expected. net loss was 4 billion swiss franc. they do have a loss. they do say the net loss will c

i'll get 80 pesos. meda, gen ed. i was that not all shortages caused by the embargo, piano solo. we simply don't have enough cash until that m a and we import milk powder from new zealand. another far off countries. many other of the problem is partly close by supply chains. how is that? what else? floor coin bought the c o a sometimes the ships get held up in a gay, adding at this very moment. we have lots of container, ship stock in ports and in order how we bought our in the them, in our web book. that the goldman dot e o that associates lashona, then there are problems we have to sold ourselves guide. i'm in the middle, our production chains aren't working. i put all the sometimes we have the products, but problems with logistics. and as he's off distribution change don't always work a deb one on one or that can lead to situations like this one level that if i have to read oh my god, we have to rely on the black. my uncle's because survived by legal means, then will i just took my 2 children to school, your l'aquila, but i had to pack food for them. my lad borrow money gives

last week, meda announced a hiring freeze and restructuring.ing up, the rise of memes and meme inspired conspiracy theories. what led to the capitol riot's and how can it be prevented? we will talk to joan donovan about her book and her thoughts on one of the biggest meme tweeters. elon musk. this is bloomberg. ♪ emily: welcome back to bloomberg technology. i'm emily chang in san francisco. back to today's top story. ed ludlow and the whole newsroom really following the musk twitter saga. you have been talking to some folks at twitter. how has this been going down on the inside? ed: when news broke that elon musk had sent twitter a letter saying he would proceed with the original terms, in number of very wide range of twitter staff were in a three hour long quarterly strategic planning meeting and apparently the first 15 minutes, the ceo of twitter was delivering some opening remarks and pretty much for the entire duration, not a single word was said about the news that was breaking around these employees. there was no official comment. we late

i'll do 80 pesos. meda gen ed. i was there not all shortages caused by the embargo. piano solo. we simply don't have enough cash santobin m a and we import milk powder from new zealand. another far off countries. many other if the problem is partly caused by supply chains. i said what else? floor coin bought the c o r a. sometimes the ships get held up, guardian again adding at this very moment, we have lots of contain a shit, stock in court, and a lot. how about our that them in our web that the common dot e o that associates lashona. then there are problems we have to solve ourselves. god, i'm in the middle. our production chains aren't working. i put all the sometimes we have the products, but problems with logistics. and as he's off distribution change don't always work a deb one on one or that can lead to situations like this one level of. and if i have to read oh my god, we have to rely on the black. my uncle's because survived by legal means i city and then will i just took my 2 children to school equilla, but i had to pack food for the me while ago. my many gibbs at lunc

itself, ah, partially, ah, due to efforts of present biden, about posture, leah, to the decisions meda in europe and also in east asia. and the main discussion that we have here is about whether these son you cohesion, ah, is situational or something we shaw was triggered primarily, a by your office actions in ukraine, and something which is limited to asha. only a something that might and, ah, eva, the a conflict is resolved or if the conflict of is frozen or are other, we should ha, look at these caucasian as a, a strategic shift. something that will go beyond russia, something which will affect a western attitudes to china up to the global south and something that would last. busy of were at least a couple of years because a dependent on now grad at these cohesion, ah, the is tactical or strategic. or we might have found that a different project. it has saw all flaw the global or the development. ah, and are some said that in 2 years from now i may be in the united states, you will have another donald trump, i and that will be the into all the west. the unity ah, this would said tha

the 7 moon self. miley and meda. it said during the height of shall anchor civil war and tells the story of a murdered photographer who investigates his own death from the after life. so let's keep telling our stories. let's keep listening to run stories and sharing our stories because um, we tend to in sri lanka, forget the past and not talk about it that i thought. yeah, that was the purpose of this to gonna dig up harsh periods in history. and the weight is over carrying bens emma has won his 1st battle and all her ward after being nominated 10 times in his career, he became the 1st frenchman to win its in zillow, dean, sudan, in 1998. the cyclical both said portico ombudsman. oh, bender, my be sad, you're my name. kevin, devoid and robert levin dorski the ram and read captain, had a brim season, helping his club when the champions league and la league a titles with 44 goals in 46 games, and barcelona is alexia potatoes, took home the.

other media outlets also meda chopped salad of her prime ministerial shelf life. ah. given that the economist is giving less dross, tenor the shelf life of a let is she we be calling her the iceberg lady? the conservatives like the titanic, have stroke an iceberg. shelf life of a lettuce has to be the best ever description of the trust. premise ship thus far to be fair would a let us have it proved that means budget. ah, the prime minister's resignation does come off to her budget plan for huge tax cuts and enormous spending. the combination sent markets into a free full, the mid concerns. the government simply could not pay for what it was promising. the bank of england was even forced to intervene to prop up the collapsing. pound as panic did grip global investors. the move also spoke intense political pressure within parliament, forcing the prime minister to fire her closest ally that of the finance minister. i discussed a story just a bit earlier in the program with a journalist african return. see now he says it's obvious that among various european states, it's

meda says one million user logins may have been stolen, compromise, will talk to their security policyirector. all that in a moment, look at the architect stocks -- market stocks come across friday after the idea that the fed will be aggressive in its hiking. >> it has been a interesting week and ended with a lot of red on the screen. good economic data is bad for the market. why? with evidence that strengthen the labor market there is also evidence the economy can withstand higher rates. the market is resigned to the idea, the fed will keep raising rates. why do we care in the concept of tech? they trade at pre-profit or higher multiples, discounting the present value of your profits. there is a lot of anxiety to end the week particularly in metal caps and yields that pullback earlier in the week as we solve the rally and equities -- saw the rally and equities go higher. we are worried about what happens next in the global economy. >> talk about the concerns of the fed, plunging us potentially into a recession and how it weighs on investors. >> we have moved past the market mechanics

meda has a lot of first party data. think they are going to be a player in the space and have meaningful value. emily: even if mark zuckerberg isn't as focused on's ace bookend instagram as he is trying to pivot into the metaverse? alex: facebook is a machine in that company has a lot of great talent behind it. a lot of folks have built that up. even if he is focused on metaverse, i think that platform is where advertisers are spending money and that is not going away anytime soon. emily: what are the big themes and the big takeaways advertising more broadly is changing? alex: there is a different framework. apple just announced their update about how to handle privacy. and what the big changes are, we need more data. you have that first party data but you also have attribution windows, which is the time that you can take credit for an impression or a click. they are opening up the attribution windows to feed more data to these algorithms that are these ad platforms which is ultimately going to boost the whole space. th

people on social meda took the news in stride.hey are working with the power company to find some type of solution. our was restored to 16,000 customers but they are hoping the raccoon won't strike a third time. >> they are huge in my neighbor. my neighborhood. > >> scrambled eggs are back on the menu. paramount+ has relit the reboot. kelsey grammar will continue the signature character. he will also executive produced the reboot. since they just got the green light to start making it, it may may be a little while before we see frazier back on our televis. our television. that is really l really cool. > >> it is 5:56. > >> elon musk reversing course, this morning. the deal being red being revived by twitter at its original price. > >> hoops with the troops. the battle on the basketball court with kids with fleet week now underway in san francisco > >> good morning. it is wednesda, october the fifth. right now on kpix 5 at 6:00, the saga of elon musk on-again, off-again. what the tesla ceo is proposing, proposing, this morning. > >

that is the only time that all the tenants were in the building and finally when we realized that meda did have the resources to buy the building we went on a letter writing campaign to the landlord and said to him we understand you want to sell your building, we understand what you are asking for and you are entitled to it, it's your land, but please work with us. what i love about ber nell height it represents the diversity that made me fall in love with san francisco. we have a lot of mom and pop shops and you can get all your resources within walking distance. my favorite area of my home is my little small patio where i can start my morning and have my coffee is a sweet spot for me and i >> ♪♪ ♪♪ we are definitely pioneers in airport concession world a world of nationally if not entirely or internationally >> everybody is cop us right now. >> the people that were in charge of the retail this is where that began. >> i didn't think we would have a location at the airport. >> we've set the bar higher with the customer commerce. >> telling me about the operator and how you go about fin

alix: what is this mean for meda after the bell today? revise how you are looking at those numbers? ed: when we had snaps on this drop last week we were kind of shocked by what happed -- shocked by what happened. the biggest question is how transitory are these issues. are they specific to snap because of the demographics they target or we've seen weakness in its core search business and in youtube i think there's a real concern for meta-which is already reacted in advance of this. we reported about headcount production because of the changing global economy. i thing we are on alert and we, if you look at the reaction of the nasdaq 100 in tech stocks, of the momentum we had into this week is over. guy: do we know who's not advertising? where is the slowdown happening? are there specific areas we can focus on? ed: i asked and said which geographies, which industries does this directly relate to inflation hurting the consumer and therefore consumers not searching for higher end products or vacations and she frankly said we don't disclose th

difference betweenrb electability which is this fictional game played by pendantsa and all kinds of meda the politicians themselves, can you win, can she when can he win? that question per tickly in the republican party has diminished and denied so many great candidates for raising harder, why? if you ask who can win their mess and the question which is who can lead too. theab definition of leadership s nothing to do with political viability it has to do with realizing the society. what can about education and healthcare question you hear me? then we be of your planning your governance. so i told donald trump on auguse that campaign manager job he said can you do this question mckay said mr. trump i would need three things in return i wasn't sure he would give me any of them let alone all three because no one ever had and he agreed to all them immediately. he is a smart savvy business guys who make crack and turnd cracked decisions like that. he knows when to take a risk of where the reward is. one of the things i asked him what was we need to shift away from electability which are going

that is the only time that all the tenants were in the building and finally when we realized that medas to buy the building we went on a letter writing campaign to the landlord and said to him we understand you want to sell your building, we understand what you are asking for and you are entitled to it, it's your land, but please work with us. what i love about ber nell height it represents the diversity that made me fall in love with san francisco. we have a lot of mom and pop shops and you can get all your resources within walking distance. my favorite area of my home is my little small patio where i can start my morning and have my coffee is a sweet spot for me and i

but for 21-year-old head drum major marvin garcia meda, having swag is not the only reason to brag. >20 hours of band practice every week. >> i've seen marvin grow throughout the years. he's a very caring person. persistent, resilient. he's a burst of energy. you see someone like marvin get up there, there's nothing else to do but just match his energy. >> even if you do have work to do, make sure you have everything down pat. >> reporter: marvin attributing his success to his mom and his twin brother. >> my village is my mother and my brother. they're the ones that have helped me achieve my goal. >> the whole family rallied together behind his dream to go to jsu. >> i knew it was my brother's dream. my brother's doing what he loves. i'm proud of him. [ speaking non-english ] >> reporter: it was marvin's high school music teacher, a sonic boom alum, that first noticed his ability to command the crowd. >> you have to perform. you do your best. he has exhibited it and seeing how marvin was passionate about the band, not just his own section but the whole band. that's what sort of put ou

lisa: which is why meda will be so closely watched today, amazon and apple tomorrow. 3.9% decline over interesting because that is even broader. apple, shares actually are performing, down only 0.4%. how much are they coming under pressure from their peers? how much does this unite the big tech names? jonathan: if there is a name that can divide and earnings season, it is apple. we have been lowering the bar over the last couple of weeks, bloomberg talking about how disappointing iphone sales may have been. we will find out. i find myself talking about that so many different times. i feel like i've been part of this movie before, and it ends the same way, they knock it out of the park. i think it will still have that element of surprise even though we have lowered the bar. people are used to lowering the bar and then knocking it out of the park. lisa: how much is that the reason that apple has outperformed? people don't believe that they could be a victim of the slowdown, so what happens when they are? jonathan: has your iphone slowed down? lisa: i don't really want to talk about it. j

meda, a detachment of many fighters, managed to return the line.flessness, heroism and sergeant andrey zinchenko with his crew did not allow a self-propelled artillery gun, a breakthrough of the defense line and destroyed four infantry fighting vehicles of neo-nazis. the enemy suffered significant losses. the crew of the multiple launch rocket system under the command of junior sergeant, sabutai krasava , thwarted the upcoming attack, superior to the forces of the radicals and eliminated two infantry fighting vehicles, sergeant ilya zirshchikov, as part of a group of paratroopers. during the day, one after another , it repelled the attacks of militants who tried to break through our defenses. as a result, the nationalists retreated with heavy losses, sergeant dmitry paramonov under with continuous fire, he restored the disabled equipment at the command post, providing communication with the units. what made it possible to successfully suppress the attack of the enemy? the all-russian people's front awarded the award to putin's team, laureates, resi

that is the only time that all the tenants were in the building and finally when we realized that meda did have the resources to buy the building we went on a letter writing campaign to the landlord and said to him we understand you want to sell your building, we understand what you are asking for and you are entitled to it, it's your land, but please work with us. what i love about ber nell height it represents the diversity that made me fall in love with san francisco. we have a lot of mom and pop shops and you can get all your resources within walking distance. my favorite area of my home is my little small patio where i can start my morning and have my coffee is a sweet spot for me and i >> van ness avenue runs from market street to bay street in san francisco. south vanness runs from south of market to cesar chavez street. originally residential after the 1906 earthquake it was used as a fire break. many car dealerships and businesses exist on vanness today with expansion of bus lanes. originally marlet street was named after james vanness, seventh mayor of san francisco from 1855