tom: not mine, taylor riggs.: taylor, so far, two of the three winners in streaming have belted themselves. there has been no hollywood acquisition built. the issue that apple faces is that they are lagging. they need to do something to get in the game and i think they don't have the time to build. lisa: she writes in to say thank you very much for that advice. there is a question with the cash piles and some of the big tech balance sheets and the idea they all want to get into entertainment, especially the apples of the world. at what point does m&a raise concerns from an antitrust standpoint and washington, d.c. given the current administration? michael: that is a good question. i think if apple buys a video company or of animal -- it would be to drive consumer surplus by buying better products. that does not worry me as much as google buying twitter, which won't happen or facebook buying -- i think they need to stay out of their lanes to do m&a at this point. tom: taylor riggs sends her love in as well. some r

♪ taylor: i'm taylor riggs in "bloomberg technology."or emily chang and this is "bloomberg technology." -- in for emily chang and this is "bloomberg technology." the price of the largest digital token surging to $56,000. plus, major ruling in the u.k. affect uber drivers on the gig economy. in facebook blocking news on a platform across australia. more on both these decisions, which have larger consequences. ♪ ev battery startup quantumspace, breakthrough in its effort on lithium batteries. we speak to the ceo. we get to the stories in a moment but first, we have to talk about markets with ed ludlow. it is my favorite day. we can also talk about bond yields as well as the tech market. add -- ed: rising yields are putting pressure on high valuation tech stops. s&p 500 marginally lower, but a lot of pressure coming from tech stocks. the nasdaq 100, very tech heavy, off .4%. the basket of mega cap tech stocks is higher 1.2%. but most names in the index are down. the philadelphia semiconductor index was up almost 2.5% and it easy with the ne

romaine: i'm romaine bostick, the markets down, taylor riggs reminding us yields do matter.oe: the question is, "what'd you miss?" caroline: certainly a day in red, rising yields putting pressure on tech shares, while a selloff of global bonds deepens. we saw the nasdaq tumble more than 3.5%, biggest loss since october. popular plays are tesla, zoom, peleton, all down. gamestop, up 20%. joe: a mere 20% today. even that had a bad day ultimately, but yes, the big story of the day, rates going much higher, perhaps concerns about inflation even though romaine thinks inflation is a myth. and you can see the tech-related stuff, arc spider and all of that. romaine: transitory. joe: you have changed your stance in the course of a week after rates move. alright come i want to bring in bloomberg's ladonna high wreck -- ladonna. these are interesting moves. >> fun and crazy and hectic, and speaking with people, i think there is two different things going on. we have seen a spike in yields. tech is getting hit because it is hard to justify some of these lofty valuations for the likes of

. ♪ ♪ taylor: i'm taylor riggs in "bloomberg technology."hang and this is "bloomberg technology." -- in for emily chang and this is "bloomberg technology." the price of the largest digital token surging to $56,000. plus, major ruling in the u.k.

we need to get taylor riggs back to explain it to us.here is a line going up, and the line is rates. we have seen it across the curve, but particularly in the belly, the shorter move on one week. check out the increase in the five-year yields and five-year reels and five year breakevens, all up. there's a lot of up arrows. that's what i see. caroline: something about the rate of change -- i will play taylor here, and it is something about that rate of change. do i get to drink now to? romaine: please. joe: joining us with more insight is john turich. thanks for joining us. we saw the belly of the yield curve get blown out there, the five-year, breakevens, five-year reels on the rise. was there any sort of catalyst for it and what in your view is the main message you took away from the market? john: thanks for having me on. this week was pretty important, as you said, and there are obviously some technical considerations as well. i think in terms of catalysts, the market is starting to interact with this time inconsistency issue as the ec

taylor: i'm taylor riggs in for matt miller.ere are some of the top stories from around the world. markets with resilience closing out the week, one day after a bruising selloff, sparked by fears that inflation rates rising. we speak with danny meyer, the founder of the union square hospitality group who stock started trading he is our guest later this hour. just how bad is covid-19 for the travel business? we speak to travel and leisure ceo michael brown on his outlook. first we have to look at the market. what a week it has been. it is finally friday. amber: i am getting a little recovery on the u.s. markets. looking at the s&p 500, a little bit of a comeback from the selloff we saw yesterday. this is the -- as the pressure in the bond market starts to abate. tech stocks rallying, in part driven by earnings significant on the back of the quarterly results. commodities, a pause on the reflation trade, reflected in the energy stocks pulling back. what a week. let's just reflect not only on the week of the past two months, partic

i am taylor riggs in new york.og, the cloud monitoring platform with clients such as air be any -- airbnb, had a report that left investors a little wary. let's bring in the cofounder and ceo. it is great to have the. analysts highlighting the skyhigh valuation and perhaps wanted more out of the outlook. what do you say to them? >> we are very happy with our quarter. we are happy with the year. even more optimistic about what is coming next. too much attention to the stock going up and down, if you push a percent every other day, that is par for the course when you have high growth. overall, our stock is up a lot. judging by the pace of change in the digital transformation and cloud migration, we are well-positioned for what is coming next. taylor: talk to me about what is coming next. rosenblatt securities is talking about your emphasis on r&d. how are you thinking about that mix between r&d spend versus profitability? >> we had a very good year in 2020 for productivity. we grew 66% for the year. 40 percent in cas