say aloha to olukai. anywhere comfort.nywhere aloha. (♪) here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. the moment i met him i knew he was my soulmate. join the millions of people taking "soulmates."rivacy soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got

say aloha to olukai. anywhere comfort. anywhere aloha. (♪) ashley: celebration on a beautiful day in new york city, fourth of july holiday week of the markets closed on thursday, holiday shortened week. budget just feels good. it is 10:00 eastern. i'm ashley webster in for stuart varney and let's get to your money. all slightly lower across the board, we will come back a little bit on the dow, offer hundred points or more, now just down slightly, same story on the s&p and on the nasdaq essentially flat. let's look at the 10 year treasury yield which has been slightly lower and that continues down 3.3 basis points. let's look at the price of oil, gained double ground yesterday come up again today, $0.25, 8362 and bitcoin was down slightly, down 435 points, 62,578. some data for you, just got the latest read on jolts. lauren: jobs that are open on the final day of the month of may. came in harder than we thought at 8.4 million. 8. 4 million is the total number for may that suggests this labor market is tight. ashley: a lot o

say aloha to olukai. anywhere comfort.oha. stuart: the dow is on pace, their big winners on the dow 30 stocks. unitedhealth and goldman sachs and caterpillar together are adding 280 points to the dow. a source told fox, a local police officer, suspicious person at the pennsylvania rally 30 minutes, jonathan's areas in butler, pennsylvania with the new details. >> reporter: saturday's events, external and external investigations are going to look into whether opportunities were missed that could have prevented the shooting from happening in the first place. a lot enforcement source tells fox news digital a local officer took a picture of a suspicious man carrying what appeared to be a range finder and showed state police 30 minutes before the shooting and citizens alerted police, on a rooftop on top of the building which was part of a building complex being used by a police counter sniper team. in an interview the head of the secret service explained why there was not a law enforcement presence on top of that building. >> t

say aloha to olukai. anywhere comfort.nywhere aloha. (♪) the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. david: president biden hosting high level talks with nato leaders inside the beltway and kt mcfarland joinings me now to talk about that and other things. kt after that horrible moment in the g7 meeting in italy where biden was off wandering when the group was supposed to be together for a picture,ed leader of italy had

say aloha to olukai. anywhere comfort.nywhere aloha. (♪) want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. adam: americans taking to the road, the airport, they are busy, this could be a record travel season. alexis mcadams at newark liberty airport. >> reporter: no major issues so far this morning but as we know that could change at a moments notice because it is going to be one of the busiest travel holidays on record. one thing we've been dealing with the newark airspace is somehow we've been talking about for months, faa air traffic control shortage. they don't have enough staff so twice this week they had to pause those arrivals here at

say aloha to olukai. anywhere comfort.a. (♪♪) i earned my degree online at southern new hampshire university. after i graduated, i started a new job. i was finally able to realize my purpose and passion in life. pursuing my degree gave me so many opportunities to grow don't just think about yourself. think about the lives that you can really change. snhu laid the groundwork. i am doing what i've always wanted to do. if i was back at the beginning, i would choose snhu all over again. (♪♪) you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. >> we let the machine decide more. it took me a while. it slowed us down two years on this -- i think it is my job is an old man at the firm to say, you are going to change to what? but i'm reasonably convinced it's a little bit better. -- better than us. so i think that's better. sonali: a qr's cliff b, talk

say aloha to olukai. anywhere comfort.nywhere aloha. (♪) every day, more dog people, and more vets are deciding it's time for a fresh approach to pet food. they're quitting the kibble. and kicking the cans. and feeding their dogs dog food that's actually well, food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. get 50% off your first box at thefarmersdog.com/realfood we have this just in, jewish democrat illinois capital office is been vandalized by protesters in the month of july. he tweeted out this photo with the caption quote my capital office was analyzed yesterday in a vial hostage in gaza including eight americans. at his home orbited by 50 must protesters screaming anti-semitic. we will bring more on this as we hear about it but that's the latest from his office being vandalized. next case new text showing columbia university worked jewish students over there concerns about anti-semitism on campus. one been writing c

olukai sandals capture the feeling of stepping barefoot into wet sand.ha to olukai. anywhere comfort. anywhere aloha. (♪) neil: all right. in record numbers, tourists are going abroad and some of them are not too keen on that. in barcelona, everyone is okay but it is a sign of the times. hope they have the money for it. a demolition experts on the ramsey show, what do you make of that? >> thanks for having me. you can guarantee they are going into debt. 46% of americans are spend money on credit cards to go on vacation and not paying it off. it is an issue. at the heart of it, this i deserve mentality. i worked hard, i deserve this. everybody needs a little time but not on debt. we need to reframe what we deserve. i think you deserve a permanent vacation from debt. pay cash for it. i want you to come back stress-free, not stressed. neil: you deserve a permanent vacation permanently. let me get your take on what is happening. many of these people are able to pay for it. the vast majority going into debt. maybe it's the covid experience. last year they can

say aloha to olukai. anywhere comfort. aloha. (♪) stuart: still a split decision on the market and dow is up and it's a profit taking after the runup we've seen in big tech. lou basenese is here with us. look at bitcoin minor. call scientific. >> this might be a shock and going for nvidia and this is a conservative way to play two of the biggest trends and bitcoin and ai. we talked with senator barrasso about the energy demands of ai is a huge concern and core scientific built a farm of data centers and secured power splay. most critical and mining bitcoin to generate dollars and selling those to generate revenue and renting out data centers to provide ai providers like core weave that just did a big strategic deal with them and you happen solicited takeover -- unso listed offer and -- unsolicited offer on them. stuart: core scientific. we'll look at it. inflation report at 8:30 eastern today. prices up 3% in the last 12 months and peter mauricie with me now. inflation is moderating and you've got to smile on your face. wh

say aloha to olukai. anywhere comfort.ld you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ ♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪ ♪ with my arms wrapped around... ♪ >> the problem for the white house is they've been covering this up for a very long time. even if they give an answer that might be the truth, guess who doesn't believe them? everyone. >> should have had a real primary with real candidates to go debate ideas. they didn't want to do that because they didn't want the far left coming out of the wood work again and really making this harder but taking a bigger risk and obviously it's backfiring. >> he's a very sharp guy and everyone in america realizes this president isn't up to the job. he sure isn't up for an additional four years.

say aloha to olukai. anywhere comfort.) stuart: the navy says a sailor try to access biden's medical records. lauren: a junior sailor made three different attempts right after the special counsel's report cited biden's poor memory for not pressing charges. the sailor tried to use the health system database to get biden's medical records, he was curious. he failed, he has been disciplined but is still with the navy. stuart: the white house now admits parkinson's specialist doctor kevin kennard did examine biden as part of an annual physical. listen to what a leading neurologist had to say about biden's health. >> classic features of neurodegeneration. word finding difficulties from degeneration, loss of arm swing, standing robotically. when he turns, it's block turning not a quick turn. that's one of the hallmarks of parkinson's, rigidity, slow movement and he has that hallmark. it is just like this guy is not a hard case. stuart: doctor marty makary joins me now. in your opinion do you believe he could be in the early stag

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say aloha to olukai. anywhere comfort. anywhere aloha. (♪) stuart: remember the golden girls? older women, not related to each other, all living together in the same house. well, a new -- new data shows baby boomers are following the golden girls lead and opening their hopes to nonrelatives. interesting story for a youngster. madison alworth is with us. tell us more about these boom mates and why this trend is becoming popular. >> absolutely, stuart. there's good news in&some tougher news to swallow. it's becoming popular because it's a necessity. they've worked hard for their entire life because of high housing costs and shortage of affordable housing and inflation. it's made it so those in retirement age can take on roommates. a harvard study finds close to 1 million older adults are currently boom mates in that group and women are the most likely to take on a roommate at older age. according to nonprofit home share online, they told us that 60% of their home providers are homeowners that want to take on a roommate are women aged 65 and up .x older adults are the fastest gro

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say aloha to olukai. anywhere comfort.♪) here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. the moment i met him i knew he was my soulmate. join the millions of people taking "soulmates."rivacy soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you woul

say aloha to olukai. anywhere comfort. anywhere aloha.ding american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. stuart: a rally for bitcoin down 500 bucks at the moment, back up to $67000, it is rallying or has been rallying in part because donald trump is considered to be a crypto kind of guy and will address the crypto conference later this month, then we have this positive biden reportedly said the president decision to drop out of the race boiled down to the overall health and vitality, listen to some of bribiden's most recent gaffes. >> everything that we have to deal with -- if we finally beat medicare ♪ >> i named the secretary of defense a black man i named catania brown because of the people i named. >> guess what save billions of tons. >> i know what a botched job is, the vice president of the united states. doctor marty makary joins me now, we have not seen the president sinc

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say aloha to olukai. anywhere comfort., split decision, nasdaq is down 161 points. president biden has $240 million in his war chest but with growing calls for him to drop out where does the money go? madison alworth has the story. you tell us what happens if biden's funds if he drops out? >> reporter: the fate of it depends on who would replace him at the top of the ticket. of kamala harris moved to the top she would be able to inherit most if not all of the money because her name is already on the ticket. if he's completely replaced, a new person running for president and vp, it becomes trickier. of that money that money can't just be transferred to another campaign. i spoke to ken gross who said there are a couple options. one is it will be given to the democrat national committee. the challenge is stepping in with dollars into the general election which after the convention in august. another option is campaign money could be converted to a political action committee but they can only donate 3300 to the campaign. final

olukai shoes bring the comfort of walking barefoot on wet sand to any journey.pping into the spirit of hawaii. say aloha to olukai. anywhere comfort. anywhere aloha. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. stuart: nothing changes. the nasdaq composite down 424 points. it is creamed across the board. big tech not doing well jeffrey one of the big tech stocks is down sharply. apple, amazon, meta-is down 20 points, microsoft nine. biden spoke to the convention in las vegas yesterday and slammed trump for deploying the national guard against what biden called peaceful george lloyd protesters. >> president biden: the pandemic was devastating to black communities. in other communities of color. that academic crisis drove a block on employment, decimated small black businesses and you peacefully protested george lloyd's murder, donald tru

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say aloha to olukai. anywhere comfort. aloha. (♪) it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. stuart: see that, dow at all time high and intraday high and it's 40,074 right now. nasdaq up 218, 483 and that is a rally. what's going on with apple? i've been looking at that gaining ground again today. the story? lauren: up about 2% and dow and nasdaq are spiking and the foxconn factories in china that are the assembly line for the iphone and they're reportedly on a massive hiring spree ahead of the new iphone 16 launch in september. that would be the ai capable iphone they expect to sell well. mass production, hiring well to gear up for it. stuart: archer aviation, they were on the show and have electric planes. lauren: air taxis

olukai sandals capture the feeling of stepping barefoot into wet sand.f instant comfort and lasting support. say aloha to olukai. anywhere comfort. anywhere aloha. (♪) the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why

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say aloha to olukai. anywhere comfort.t: another day and another rally by the looks of it. dow's up 170, s&p, nasdaq coming off all-time highs from the close yesterday. ray wang joining us today. okay, ray, big question. why is google spending so much money on cybersecurity? >> it's a great question and and here is why. they are actually going after this market because it's $180 billion last year, it's going to be $425 the market by 2030 -- $425 billion. google's been going after cloud x cybersecurity is the counterpunch back at microsoft because microsoft went after hem on a.i. microsoft is starting to see -- customers are seeing weakness in the microsoft security product, and google wants to take advantage of that. and so whiz provides this interesting area called cloud security, and here's the beauty of it: they can go after aws, amazon, they can go after microsoft if as your and any other vendor by providing that layer of cloud security on top of that. as you know, cybersecurity is one of the top priorities in every co

say aloha to olukai. anywhere comfort.aloha. (♪) stuart: presidential candidate vivek ramaswamy spoke directly to illegal migrants in his speech last night. watch this. >> our message to every legal immigrant in this country is this. you're like my parents. you deserve the opportunity to secure a better life for your children in america, but our message to illegal immigrants is also this. we will return you to your country of origin. [applause] >> not because you're all bad people, but because you broke the law. >> [applause] >> and the united states of america was founded on the rule of law. >> [applause] stuart: it's time to bring in congressman carlos gimenez, republican from florida. congressman, what would you do with the illegal migrants who are already here? many of them seem to be working certainly in florida. >> well, what i would do is take the money that we were going to spend on 87,000 irs agents and convert that, a lot of that into hearing officers for immigration services and i'd start with the last migrants

say aloha to olukai. anywhere comfort. (♪♪) abigail: this is bloomberg open interest. coming up, and interview with debbie at 4:00 p.m. new york time -- an interview with debby soo at 4:00 p.m. new york time. katie: it is time now for our daily "wall street week" conversation, and today we are taking a look at what president biden's decision to withdraw from the presidential race means towards u.s. policy with china. here's what bloomberg guests to say so far. >> what is clear and undisputed is there will likely be a lot more trade wars. we will likely see tariffs being used as a geopolitical new weapon. >> the fact is there is going to be a much tougher relationship regardless of the administration with china. >> president biden has been more effective i think in terms of china in ways that.it matters president trump -- ways that it matters. president trump is promising a fla tariff. it is important for u.s.-china relations. katie: i am pleased to say bob hormats joins us along with david westin. a lot of questions in thi

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say aloha to olukai go waterproof leather. breathable fabrics. hey, nice putt. spikeless traction. most comfortable golf shoe in the game. grab your pair today at olukai.com. scarlet: the increase in interest rates over the past year has created more opportunity in private markets, this according to oaktree capital markets to chairman howard marks. here is what he told bloomberg television earlier. >> right now and going into the future, leveraged companies will not be able to renew their leverage as easily, and the cost of doing so will be higher. so that gives us better opportunities than we've been seeing. scarlet: he was on bloomberg open interest, our new show. sonali basak is one of the hosts of the show and she joins us now. >> so interesting because you have a show focusing on stocks also at a time when the bond market is very interesting. howard marks speaking to, looking at at the implied rate is for this year. two cuts only brings you down to about 4.82 as he implied a rate. you are looking at these companies refinancing at still a significantly higher rate than they bou

say aloha to olukai. anywhere comfort. should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. ♪ ♪ stuart: economists say the housing market is at least 1.5 million homes short of what's needed. lydia hu joins us from new jersey. lydia, what changes do home builders want and need to create new homes? >> reporter: well, a home builder here told me he wants outdated zoning policies overturned, and and doing that would allow him to build more homes faster. take a look at this community that he has under construction here. what you see right behind me is actually a duplex, two single-family homes connected, built on one lot

say aloha to olukai. anywhere comfort. without power after tropical storm beryl hit. that's put residents in danger. the heat index hits triple digits. let's check in with senior meteorologist janice dean. how bad is it, janice? >> reporter: it's bad. i lived in houston for several years, and they don't have electricity, they don't have power, they don't have a/c. and some of these hotels that they're trying to stay at don't have air-conditioning either. this is a dire situation. we had a landfall of a category 11 hurricane on monday morning, and looked at the wind gusts -- category 1. in excess of 95 miles per hour. a category 2 hurricane is 96 miles per hour. wind gusts were lasting for hours, and that's why we have incredible power outages. it has been days now, and it could be days, until the weekend, until they get things back on, online. 1.7 million people still without power for the texas area, southeast texas, houston. and the heat alerts are intense fear because temperatures are going to be well into the 90s, in s

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olukai sandals capture the feeling of stepping barefoot into wet sand. aloha to olukai. anywhere comfort. anywhere aloha. (♪) ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. stuart: all little less conversation. good morning, it's 10:00 eastern. straight to the money. i see some

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say aloha to olukai. anywhere comfort.portedly planning to endorse major changes at the supreme court. he wants to establish term limits for justices and impose an enforceable ethics code. west virginia attorney general patrick morrisey joins me now. mr. attorney general, what do you make of that? should the supreme court be reformed in this way? if. >> look, i think what's going on right now is that president biden is looking at the polls, he's desperate and he's going to try to use every lever of power out there to try to obtain victory in the fall. and i think's wrong on every level. everyone in america knows that the supreme court is meant to be kind of a cooling place. you're not looking for radical changes like biden is proposing. you have individuals who are sitting there, it takes a long time to effectuate change. i give the example of some of the major changes we've made to go after the administrative state getting rid of chevron deference. i've been a.g. for 12 years, we've been working on it for that long. biden

say aloha to olukai. anywhere comfort. anywhere aloha. (♪) ♪.ow suggested that rate cuts could trigger a market melt-up. as we know conventional business dom quickly shifted to three cuts from one when we had the interview. the meltup came in part because the market essentially ditched the "magnificent seven" to buy everything else. i want to bring in ubs senior u.s. equity strategist, global wealth management nadia lovell. nadia, first of all before we talk about last time you were here, what you're looking at, any adjustments your firm has made now that president biden has dropped out of the race? >> no, it wasn't a surprise to us. we been preparing, frankly communicated within hours to our clients globally. it does, could change on the margin the dynamics of the race and it does increase the uncertainty particularly as the dems will have to to navigate towards the course to the convention in august, harris to win the nomination which we think she will. our policies are similar to the current administration, green energy initiatives as well as

say aloha to olukai. anywhere comfort.k 5% on travel purchased through chase with freedom unlimited and... buy better plane seats. switch to a king suite. or book a silent retreat. silent retreat! oh! hold up! earn big with chase freedom unlimited with no annual fee. how do you cashback? ashley: let's take a look at these markets. 9 pretty muted opening. the dow is just a little flat but essentially flat, the s&p and nasdaq. let's bring in our great friend, kenny polcari. great to see you, kenny. okay. 206,000 jobs added in march. what does this tell you about the state of the economy? what are you thinking? if. >> well, you know, it's more than what they were expecting, right? we were expecting 190, came in at 206. but look what they did? they revised last month and the month before that the lower like they've done every month for the past six or seven months, if not longer. they'll probably do it to this report many next month, just revise it lore. we did see unemployment tick up to 4.11% which is interesting because we

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say aloha to olukai golf. waterproof leather. breathable fabrics. hey, nice putt.ss traction. the most comfortable golf shoe in the game. grab your pair today at olukai.com. ed: this is bloomberg technology and you were looking at a live shot of the ballroom. fed chair jerome powell will be interviewed by david rubenstein. this is bloomberg. caroline: we want to talk about ai partnerships. another one being announced. the ceo to talk us through what is c3.ai's partnership with google cloud and ai for government program's, generative ai we are talking here. can you dig into this partnership? >> google cloud has been a great partner and we have been working with them at massive scale in state and local government. and now in state and federal government we have come up with a very unique solution utilizing generative ai to make all the complexities associated with the affordable care act and all of the services, medicare, medicaid , immediately accessible to the public. we saw the difficulties with data exfiltration. now we deal with these programs that are biblical

." ♪ say aloha to olukai golf. waterproof leather. breathable fabrics. spikeless traction.ortable golf shoe in the game. grab your pair today at olukai.com. >> welcome to "bloomberg markets ." i am scarlet fu. we are watching tack roar back. here is how markets are trading. the s&p 500 gaining 1.6%. stocks rebounding led by chipmakers. the nasdaq gaining 2.8%. this is the biggest advance in five months. we are seeing buying and treasuries ac

say aloha to olukai. anywhere comfort. met him i knew he was my soulmate. anywhere aloha. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> welcome back to "bloombergte" i'm caroline hide in new york. >> and i'm ed ludlow in san francisco. it's red on the screen in a negative vibe. the global i.t. outage trying to deal with the dreaded blue screen. crowdstrike is down 8.5%. off session lows. a point that jordan klein of missouri made earlier is that in terms of volumes

say aloha to olukai. anywhere comfort.nywhere aloha. (♪♪) (♪♪) (♪♪) (♪♪) (♪♪) beaches rhythm and blues caribbean sale is now on. visit beaches.com or call 1-800-beaches. ed: elon musk has said during tesla's last two earnings calls that investors will not understand the company unless they are using the driver assistant system marketed as full self-driving. truist securities managing director william stein did just that, and he writes the version that he tried is "stunningly good but does not solve autonomy." in fact, he even narrowly avoided an accident. william stein joints me now. when i said on social media you were coming on the program, many people pointed out that the version of fst that you were using was 12.3.6, not the latest 12.5 which rolled out last friday in a limited release over the weekend. give me the basics of the test you conducted, where you conducted it, who is tesla you were using, the parameters around it, please. william: thanks for having me. the test initially after the q1 earnings report and the

say aloha to olukai golf. waterproof leather. breathable fabrics. spikeless traction. comfortable golf shoe in the game. grab your pair today at olukai.com. ed: you are looking at a live shot of the principal room. check out our podcast you can find it on the terminal, apple, spotify and also on i heart. this is bloomberg. caroline: talking venture now and iconic capital known for managing the fortunes of silicon valley's elite says it's raised 5.7 $5 billion for a new venture focused fund. another example of the concentration of dollars in a handful of big vc firms. $7 billion went to a group of funds. another $3 billion to venture partners. >> a company focusing on industrial productivity with ai but also three-dimensional products. through a series b. we are delighted to be joined by the ceo and cofounder chris welty is also former tesla materials engineer who helped build what was tesla bought now optimists. it's not us as early a crowded field but i would say we had several startups on the show focusing in the field of robotics. what is specific about your technol

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. ♪ say aloha to olukai golf. waterproof leather. breathable fabrics. spikeless traction.t comfortable golf shoe in the game. grab your pair today at olukai.com. 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. >> it is the countdown to the market open as we bring you the first trade across europe. ♪ katie: we are digesting the decision from the high court. the u.s. supreme court ruling donald trump has some immunity from criminal charges for trying to reverse the 2020 election results. we are keeping an eye on the markets as well on the first trading day of the second half. let's get some context with abigail doolittle. aig we are starting off with a bearish or mixed tone. you can see the nasdaq 100. futures overnight had been higher. right around the time of the ism that was a little bel