let's bring in mike sheppard, who has been listening to this press conference.o definitive link between these attacks. interesting to hear there is only one suspect involved when it comes to louisiana. mike: that was a break from what we have been hearing from the fbi as late as yesterday afternoon, when they said there was the possibility of more than one person having been involved. he may have had some assistance in pulling this together. there may have been other conspirators. but the fbi made clear that that was not the case. they offered more details on the timeline, laying out when he rented this truck he used in the attack, the ford f1 50, and what he had done afterwards, which was to post some videos, including where he claimed to have joined islamic state and also claimed to have thought about causing harm to family members. but he backed off, saying he would rather put the focus on what he sees as the struggle ahead for what he was purportedly waiting this attack for. they said they recovered mobile phones and laptops that belonged to the suspect, and

we need to get out to mike sheppard. this seemed to come out of nowhere yesterday. ought it might be a mistake. mike: they were really caught off guard, as a lot of us in washington were. it showed up in the federal register. the pentagon just dropped it in there. but there is precedent. it dates back to 2020. under an executive order donald trump asked the defense department to look for companies in china that had ties or control by china's military. the concern isthe concern is ths between china's military and the business community in china poses a risk to global security. as a result we see this listing. it is important to note that there is no sanction attached to it. however, there is something that would discourage u.s. firms from doing business with anybody who is on this list. caroline: i think there was a worry they would be forced to deal list. is there any reality in that? certainly tencent came out with a statement saying this does not affect our business in the here and now. mike: that is a good question and it was one we were chasing down yesterday. as

vonnie: thanks to you, executive editor mike sheppard. you can find all the details on the hearing at the supreme court where we have a running log of what was said this morning in court on the terminal. coming up, the big streaming announcement today, venue is a sports platform that was canceled before it could leave the drawing board. we will discuss it next and what it means for media giants and th sreaming industry. this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. ♪♪ well would you look at that? jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable.

mike: i mike sheppard and fred ludlow. this is bloomberg technology.aroline: could elon musk be tiktok's savior. nvidia ceo goes to china this week as the company is slapped with the curves on the sale chips abroad. off to the space race. the infrastructure startup out with funding news to operate its satellites in low-earth orbit. we check in on the markets which have not moved around from the volatile perspective on the positive side. inflation or headwinds cooling if you look at the wholesale prices. does that bode well for cpi tomorrow? we have how we impose tariffs on other countries? in particular on china in the next administration. we are trading flat as we have scoop after scoop from the washington-based colleagues. bitcoin fended off risks intimate. trading 2.2% higher. perhaps looking towards where we can see trump in the next administration eyeing crypto. a look at in terms of the individual movers. a key story of the day. we are analyzing if elon musk could take over the u.s. operations of tiktok. it is being eyed by chinese officials and

. >> mike sheppard in washington. caroline: the supreme court upholds the law that threatens tiktok's shut down in the u.s.. trump will make a decision, the white house saying the tiktok action falls into the trump administration, according to reuters. ben bain, this is perfectly obvious. the decision expected. ultimately this cannot be distributed by the app stores or supported by oracle and others. ben: the decision specifically, the court was clear about national security interest congress laid out in passing this law, president biden signing it as being more important or the most important thing when considering whether to let this stand versus arguments from a free-speech perspective, tiktok is important from a commerce perspective, whatever percentage of the 170 million americans who use this, they need to rely on it so essentially supreme court said national security is justified here. it falls to donald trump. back to his first term, this is a different posture he is taking. he came out in favor of taking acti

. >> and i am mike sheppard. caroline: we dive into the ripple effects in tech markets and the impact on u.s. chip curves. we discussed deepseek's ai model . and president trump says microsoft is in talks to acquire the u.s. unit of tiktok. details later this hour but first we checked the markets and claw our way back, not nearly upsetting yesterday's selloff. we are up just a percentage point on the overall nasdaq. nvidia bounces back but 2% after a 17% selloff yesterday, $30 billion being added from the market cap wiped out by 600 billion dollars yesterday. this is surrounding china coming with a powerful, efficient, cheap open-source model. mike: nvidia called deepseek's new model and excellent ai advancement that complies with u.s. technology export controls and that it illustrates how new models can be created. let's bring in ian king to tell us more about this. this was a rough day yesterday for nvidia. it bore the brunt of the deepseek shock across the markets, yet their statement was curious. tell us your

. >> i'm mike sheppard in san francisco. caroline: special coverage of the chinese ai competitor deepseek and its impact on tech names in the broader markets at large. the market having its worst day in more than a month as we question the need for compute power to get us evermore efficient evermore specific generative ai. we are down 2.6%, this is when we question nvidia. the compute power, the necessity for ever more efficient chips and the cost of them. nvidia with its worst rout in history in terms of market capitalization everyone in the market we have never seen a must have never seen a mostafa trillion dollars wiped out through one single name. this is global. asml down was 6% but hong kong stocks do well as they start to cai as a real champion for china. let's talk about it with mandeep singh who joins us for more. how does this change the game for llm's in the u.s., for chip equipment in the u.s.. mandeep: we look at it from a stack perspective and regenerative ai so far all the value was captured by the chipmakers,

caroline: bloomberg's mike sheppard across what we anticipate to be the latest announcement out of the more on tiktok's looming band, its impact on other social media platforms. will be speaking with wolfe research to give us an impact on the likes of snap and meta both trading higher as oral arguments continue in washington at the supreme court. this is "bloomberg technology." ♪ caroline: welcome back to "bloomberg technology," i am caroline hyde in new york. i want to focus on a macro story. jobs strong, 256,000 added. we are down 1.9% on the nasdaq. apple, nvidia, what will be announced from the white house on further limitations on exports from nvidia to the rest of the world. a keyport driver on the green side is meta. that is feeding to our key story. tiktok, what to expect today with what is happening over in washington. supreme court hearing arguments about the future of tiktok. that plays into meta's hand if tiktok is banned. it feels like in the court it is not going in the direction of tiktok. >> we are only halfway through. the lawyer for the creator aspect of the lawsuit i

that was mike sheppard, joining us from washington. let's keep the conversation going.er story we are keeping an eye on is the future of h-1b visas under the new administration. here is former representative denver riggleman weighing in on the elon musk influence on the matter. he spoke with joe mathieu earlier this week. >> i would have lunch with him to tell him what i thought. >> what's going on with him here? we are already seeing a breakdown over the h-1b situation. the maca versus musk situation seems tenuous. will he still have the presidency or a year from now? >> no, no. what's interesting about this is he's going up against some really big pacs on the far right. for me, i'm a supporter based on our district being very rural with a lot of technology in the commonwealth. katie: let's bring in the erickson immigration group partner, hiba anver. it's interesting, after you saw the elon musk comments, you had donald trump fall in line invoices on support for h-1b visas. it will be interesting to see if he sticks to that view as we get deeper into his administration

mike: and i'm mike sheppard in washington. this is "bloomberg technology." caroline: it is all in on a i. up to 65 billion dollars in 2025. a choppy start to chip earnings with semi stocks falling after texas instruments is the latest to underwhelm. we will be talking to frank mccourt on the future of tiktok in the u.s. and his bid for the social media platform. first we check in on these markets. jar still trading near record highs. the nasdaq is up almost 2% over the course of the week but we draw down a little bit as we see the weight of some chip stocks causing anxiety. look at industrial, automotive and markets that prove week. texas instruments falling on, chet a little bit of an underwhelming earnings report. they are seeing smartphone weakness, but ai still managing to drive forward. broadcom is on the higher side when it comes to the stocks. why is broadcom up? because of our next stop. let's take a look at meta today. mark zuckerberg almost running his next earnings report to say they are committed to spending on ai, data centers, infrastructure, a

mike: and i am mike sheppard. we are joined by democrat from the state of illinois. time. you are one of the co-authors of the legislation now in the justice hands at the supreme court. we are hearing from the arguments on friday that it will likely break in favor of the law. assuming it is upheld, what are your expectations for its enforcement under the trump administration which would be responsible for it? >> i think the trump administration will enforce the law. i talked to the national security advisor who is a friend and colleague of mine from the house. they are as concerned as we are about the chinese communist party being able to control tiktok. we want to see tiktok thrive and flourish but that means we want bytedance to sell tiktok. caroline: you've heard the evidence. we have also heard from bytedance that it is very difficult to separate and selloff and they are saying we are going dark on sunday if this is upheld. you will not be able to access this app. does that worry you for the user base? >> this is called negotiating tactics. at the same time we he

. >> and i'm mike sheppard in washington. this is "bloomberg technology." caroline: president trump gives a temporary reprieve to tiktok, granting a 70 five-delay from a u.s. ban. liver from the world economic forum, we will hear from bank of america ceo brian moynihan. but first we check in on these markets. some anxiety being shaken off as we see president take office. the nasdaq pushing up, and deed the nasdaq 100 up .1% as many look to the economic potential of this next administration. however, on the downside has not been some feelings. it coin is up 1.3%. absolutely took off ahead of the inauguration. let's move on to some of the individual points drags, apple being the key one. want to focus in on tsmc. this is its restored operations at factories it evacuated after a 6.4-magnitude earthquake struck the island's south. a key chipmaker to nvidia, and it need to apple, but apple being dragged lower. the worst day we have seen since september of last year. 3.8% lower. why? this is more downgrades coming from jeffries, coming from analysts bring about s

let's bring in mike sheppard in washington. this was a big deal in washington. the announcement of key infrastructure investment coming from larry ellison, coming from sam altman. microsoft still has skin in the game. mike: it does come in that investment unveiled yesterday stirred a lot of questions and marc benioff tried to take on the broader one underlying the whole ai market. is there overinvestment? is there too much exuberance. he pushed back with an emphatic no and pointed to his own company in its efforts also those of microsoft in terms of using and deploying this agent driven product that helps you make decisions and get things done more quickly and he even cited in sample of how the davos app work very differently than it does today. caroline: caroline: and microsoft and salesforce have a big competitive argument, each wanting to make sure their agents are seen as more specifically usable. we have the copilot being rebranded as a chat so many know to use it and then we have salesforce on the other side of the break and. all of this speaks to stargate,

mike sheppard, very briefly, what kind of conditions are we anticipating? ng the release of some of the remaining hostages. it it is unclear who is left and who survived. we are respecting a positive hostilities between hamas and israel that have gone on for 15 months since hamas invaded israel on october 7, 2023. it is important to note that hamas has been designated a terror organization by the u.s. and european union and we are waiting to hear more details and a formal announcement. vonnie: these are live pictures from gaza and palestine where it is 8:00 p.m. this is bloomberg. ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ >> from the world of politics to the world of business, this is balance of power. live from washington, d.c. >> a cease-fir

mike: i'm mike sheppard in washington. caroline: we are moments away from the main event in davos, switzerland. it will be followed by q&a. those coming from a number of select ceos. we have a lot to be listening to from leaders in energy, finance. we want to set up the second term swearing in a donald trump three days ago. kailey leinz from d.c. with a preview. he's been busy in three days. he will be asked questions on policies. >> we heard from the 47th president many times. he's given speeches and taking questions. we've heard him speak on many of these subjects. business leaders may be seeking clarity. reporters in the u.s. have been focused on domestic issues. they likely want to know what will be up with the economic policy. we have yet to get clarity on tariffs. he suggested february 1 he could implement a 25% tariff on all goods from mexico and canada and 10% tariffs on all chinese imports. he has not given insight on whether he is still interested in slapping levees on everything the u.s. is importing. they want

bloomberg's mike sheppard joins us for more. you have you would like to be aimed at the treasury secretary designate later on today? michael: he has talked about tariffs in relation to china and signaling there could be a gradual approach. that is something he said in august. it aligns more recently with a great scoop from our colleagues earlier this week saying a gradual approach could be something that his advisers have on the table. i am curious about what he says about the tariffs donald trump has threatened against u.s. trading partners mexico and canada. we have talked about that a lot on this program and what that could mean for relations between the closest two u.s. neighbors in the largest trading partners. trump has threatened those over border policy issues, not so much economic issues. we are already seeing a candidate exploring a list of countermeasures it would deploy of trump unveiled those tariffs. what would he have to say about that? cameron also talked about bill management. that would be an interesting questi