it is the sort of some biosis between israeli tech and palestinian tech. in other words, they are closely tied to. is that something you will recognize, that they act as a broader but single industry? mona: israelis see palestinian workers as cheap labor for them so they subcontract certain works for palestinians. with a limited working opportunity for palestinian young people, as well as limited access to e payment services which affect palestinians from accessing the international market -- paypal is not operating for palestinians. as a result of that, palestinians are not even allowed or able to work as freelancers and get paid by paypal. as a result of that, they are forced sometimes to do subcontracting work for israeli companies who are working on software or hardware technologies, but this is -- we cannot see this separately from the political and economic situation that palestinians are living under and from the relationship between the israelis and palestinians in the region. ed: coming to us live from romana, thank you. coming up, we will continu

tech has held up, supported the equity market. alix: but tech is rolling over. it's back to the lowest level since june. guy: but it has held up this year, and it's been the thing that supported equities. so we finally get to the point where tech doesn't hold up, is this the point to which equities start to crack? are we finally getting to that moment where we're going to be able to answer that question? >> yeah, i think this is definitely going to be a very, very important point, and you see, even now the earnings is just waiting for big tech and this is the big thing, and of course, that competition as you said has been really increasing in terms of if we look at equity risk premium, it's really attractive to treasuries against stocks. it's really attractive to cash. we've been talking about this a lot. and yes, earlier this year, higher bond yields weren't putting that much pressure on tech. that has kind of changed. the target is different now. so that's kind of the focus back to fundamentals the next few weeks. really change the picture, and obviously previ

give them the tech know treatment. the track became a viable kid landing in the top 5 demonstrating shots that could be the future of i think me pop music because it is so auntie, everything you have heard the d j is like max covers the amount on trip to knows who cell stylish fashion, as luxury merchandise tech know, has expanded and developed and become a business model. i think the main difference now is that everything's got very expensive and it staff will really difficult for to people to take risks often and even of that type of experimentation that is so vital to create of a t i a comes then sometimes just the presence of, of people who, who are privileged enough to be able to take those risks, they find that some risk, the tech know it's a lot stop presented by major fashion magazines like vogue with the message. be yourself. everything is allowed. the agenda, the generation is, i would say, is one of the 1st invasions now who can really enjoy all those things that the earlier generations were really strugglin

i'm shiona mccallum and here's the week in tech.stant for its users. some of the abilities of the a! companion include answering questions based on meetings, as well as summarising key points. the new addition will be available for subscription users of the platform. scientists at bangor university in north wales have developed an energy source that could allow astronauts to live on the moon. the fuel cell, known as the trisofuel, could be used to power a micro nuclear generator. if successful, the technology could springboard further planetary exploration. the moon is dark half of the month, so we can't rely on solar energy, we can't rely on solar pv and things like that — although i imagine they'll be part of the mix — but we need to have that thing for when it's dark, so that's where nuclear comes in. the eu has announced which big tech firms will face tougher rules on how they do business under its digital markets act. tech giants like amazon, apple and meta will need to comply with rules like making apps interoperate with rival

to move the tech. no, it's harder and more diverse than ever does like cobra. from berlin, a celebration to a stop concept, a business tech man. and it's a multi $1000000.00 industry now and, and out of the people who are very successful within this on there. so i'm around to try to set the idea of people coming together as like a full month communion and sort of non hierarchical community. and i think in many ways has changed. culture has a reputation to being colorful, open minded and tolerance. is that still the case? especially with things we have to these there's a real kind of this for community interesting experiences. and i think nothing really, really wonderful thing. but i think when you start to move into the more mainstream, capitalistic side of that is that, that's when of the lack of all set of tests they thought to appear. so where is the hype happening? before we look ahead, let's look back and really days of tech. no, it was a futuristic sound, but some people moving on the desk, close

i'm shiona mccallum and here's the week in tech.assistant for its users. some of the abilities of the a! companion include answering questions based on meetings, as well as summarising key points. the new addition will be available for subscription users of the platform. scientists at bangor university in north wales have developed an energy source that could allow astronauts to live on the moon. the fuel cell, known as the trisofuel, could be used to power a micro nuclear generator. if successful, the technology could springboard further planetary exploration. the moon is dark half of the month, so we can't rely on solar energy, we can't rely on solar pv and things like that — although i imagine they'll be part of the mix — but we need to have that thing for when it's dark, so that's where nuclear comes in. the eu has announced which big tech firms will face tougher rules on how they do business under its digital markets act. tech giants like amazon, apple and meta will need to comply with rules like making apps interoperate with r

these tech hubs will be transformational. they are part after long line of transformational investments we made since i took office. as a result, i truly believe this country's about to take off. for the first time in a long time we are investing in america. we are investing in american people. we are investing in our future. i can honestly i have never been more optimistic about america's future. i want to thank you. i'm going to leave you now with second a phopbdo who -- ramonda who has been leading the effort. she'll lewd the discussion of these tech hubs. i apologize i have another issue i have to deal with. thank you, thank you, thank you. reporter: pope francis -- how did that conversation -- what did you take away from it? president biden: i'll answer the one question. the pope and i are on the same page. he was very, very interested in what we were doing to deal with some of the crises we are facing. particularly in israel this time around. i laid out to him what the game plan was. how we thought we should be providin

but there are stories from the legendary early days of the tech. this meant to, to find less positive. in the many books is stored in a back room of billions of kinds of use culture. it's directed daniel schneider also collect stories that don't seem to fit with the spirit of tech note. and the contradicts the reputation of the early 19 ninety's boot. in techno, seen as being tolerant an open minded if you have an ultimately we have an issue of course magazine with a very long interview with jennifer hill and i looked into a few adjustments then as far as i knew that it's the 1st time he expressed the didn't support the narrative, the everything was great and wonderful. and everyone came together with discrimination on others, probably about. rather, he did actually experience racism in the berlin techno, seem as edited each house as it was a fall when i put in a tech mostly you know, how to the, the schools and all the historical and kinds of the techno seems that the racism is rarely mentioned to them and i have witness people who are active in t

caroline: time for talking tech. incorporate artificial intelligence into some of the key services, think siri. in fact, bloomberg says apple is exploring new features such a automated play lists, including those found in spotify and apple office. meanwhile, previously square capital in india, says a.i. startups are dominating its accelerated program. indeed, it was present in southeast asia as well. says that 10 of the 13 startups in its cohort and are in the a.i. and deep tech firm. they've invested $3 million in startups thus far. plus, microsoft will invest roughly $3.2 billion to grow its data centers. the u.s. tech company plans to expand and a.i. infrastructure over the next couple of years, largest investment in 40 years. the australian prime minister is currently on a four-day visit to the united states. there's lots of billions being thrown around. let's do a little bit more here in london. opening its london office back in the year 2000, and they've made investments in some of the key names that have outpe

we show you the tech xlk etf. the nasdaq performing better lately and still on track for a relatively strong week, can tech alone carry the market higher into the end of the year as it did for the first six months of 2023. let's ask someone who count thes several tech names of top holdings. with us today at post 9, joe terranova, joe a cnbc contributor. it's good to have you both with us. amy first, we're still worried about rates, obviously. weak auction, cpi, ppi, both a little hotter than expected. how do you see it? >> yeah, i think, you know, the market is obviously on its toes. you've got higher for longer. that's the bottom message. you've also got a number of market dynamics, whether it's strikes, whether it's oil prices moving higher. whether it's now geopolitical tensions around the world, all hitting the system at the same time. and quite frankly, the market's trying to find direction. we hope that the earnings season will hopefully provide that as we kick it off tomorrow. >> glad you mentioned earnings

check out our "tech check" weekly.or openai and how the space is hitting stratospheric levels, all while some of the air comes out of big tech a little bit. that disconnect continues. >> on amazon, which you've been talking about, are they losing share? >> it's unclear right now. the share that temu are making are minor, but the hype around them and just the consumer uptick has been remarkable. i tend to look at things like app down loads, and that's the fear. amazon operates in a slightly different space, and that's what morgan stanley looked at this morning, where they're vulnerable and where they're not. but it's at the lowest end. when people are looking for discounts, and they don't necessarily care about how quickly they get the product, that's where you can go to teamu. amazon may have one- and two-day shipping. temu may take longer, but if you do your shopping earlier and get the discounts and deals, consumers are waiting. i'm sure you see the market share they've been taking from the dollar stores. it's quite

the other sector is climate tech. 70% of the deals this year have been in climate tech ranging from ant software solution to the first hydrogen-powered plane. caroline: both of those things you reference women's health you are also putting up the idea there is so much underserved talent within female founders you can allocate -- allocate over and above others. these things are becoming politicized in some way, at least allocations of funds to minor -- minority founders and climate tech. how have you found new york has been able to isolate itself from that a little bit? have you ever had to waver from your overall thesis? >> no. what has been incredible to see, you mentioned in an extra 10 years when you think about the quality and quantity of deal flow and how that is expanded. it has been incredible. to see that not only are there more companies but the founders are now some second time founders. some have had exits. i think that truly speaks to a broader opportunity that i think others have recognized. which is really exciting. ed: it is at in san francisco. so good to have you on t

the tech hubs will be transformational. they are part of a long line of transformational investments we have made since i took office. i truly believe this country is about to take off. for the first time in a long time, we are investing in america. we are investing in american people. we are investing in our future. i can honestly say, i've never been more optimistic about america's future. i want to thank you and i will leave you with secretary gina raimondo, who has been the engine behind this effort. she will lead the discussion with the represented of -- the representatives from the tech hubs which you can see on the screen behind me. i apologize, i have another issue have to do with. thank you, thank you, thank you. >> [indiscernible] you spoke to pope francis over the last few days. pres. biden: i did. >> what did you take away from that conversation with pope francis? pres. biden: i will answer this one question. the pope and i are on the same page. he was very, very interested in what we were doing. to deal with so

there's the hard war, hard tech component. then there's the soft power, soft tech component. what you have learned about hamas' cyber activity in what has been 48 hours already since the attack? >> first of all, thanks so much. it's incredibly early in this crisis. we're seeing just the increased escalation over the last few days. we're now seeing deaths over 1,000, potentially over 1600, hostages being taken. and the concern that there's going to be a second front, certainly on the northern side with hezbollah. what american intelligence officials need to be asking right now, they are asking, is what direct role, if any, did iran have in the supplying, the preparation, the encouraging of this attack? we know that iran views its alliance with hamas as a point of leverage, as it's looking to destabilize and derail the engagements with israel and saudi arabia. and so certainly civilian casualties on both sides would obstruct any attempt toward a type of agreement between israel and saudi arabia. so the tools available to all sides are not just kinetic. it's not just the fierce

second, the bill will create tech hubs. we will invest in critical technologies, like biotechnology, critical materials, quantum computing, and vast manufacturing so the u.s. will lead the world again in innovation across the board. these hubs all around the country will bring together private industry, higher education, state and local governments, tribes, and organized labor. today, we are announcing 31 tech hubs spread across the entire country will be able to compete for up to $75 million each to accelerate and scale up their work. and i want to thank majority leader chuck schumer, senator todd young, and representatives joe morelli and susan wilde for their work to make this happen. representatives from many of these hubs are on the screen behind me and in front of me -- i turned to look if they were still there. the work they are doing is transformational. for example, a tech hub in wisconsin will bring together research labs, medical device manufacturers, and engineers. they are going to build technology that support

a tech like this is gaining traction. check it out. this drone can deploy small robots directly on the scene of an accident. the european japanese cursor project integrates various devices and a network. theme is to make rescue missions run as smoothly as possible. the soft minute tries to underground robotic finder or smart scene here in action is most, this is kind of robot here that is equipped with different cameras. like would you be coming to us 2 pieces? we have somebody come over us and we also have lights on so that we can take this global into a collapse building and search for victims. nowadays, there are even sensors that can detect survivors based on smells in the future. teams of these semi autonomous robots could go deep into collapse buildings and search for people. drones up above can offer support to rescue teams down on the ground. summer equipped to 3 d mapping technology. others use radar sensors to locate survivors under rubble and air drops merced exactly where they're needed. another type of drone can establish

they sent experts and high tech equipment to assist search teams. the startup expand, for example, makes inspection grows which fly into buildings through small openings. before we even managed to rescue a woman a few days off of the quake, a tech like this is gaining traction. check it out. this drone can deploy a small robots directly on the scene of an accident. the europe and japanese cursor project integrates various devices and a network theme is to make rescue missions rented smoothly as possible. the soft minute tries to underground robotic finder or smart scene here and action is most is this kind of robot here. um that is equipped with different kind of where else like would you be coming to us 2 pieces. we have somebody come over us and we also have lights on so that we can take those well into a collapse building and search for victims. nowadays, there are even sensors that can detect survivors based on smells in the future. teams of these semi autonomous robots could go deep into collapse buildings and search for people. drones of above

as soon as these at one tech often make an ear tag on iran, authorize the, the beauty is that the tech doesn't just record data like the something you to worry about. so the animal, but it also interprets the data into the games. all that is we have artificial intelligence and the air tech that which train beforehand you follow that allows the animals to effectively communicate with us and we need sequence. and recent times, however, the project has been under a normal strain. the signals for the occur as project were transmitted in part by the international space station in collaboration with russian partners after rushes invasion into cream last year. the cooperation stopped. but there's something new in the pipeline that mixes, yeah, annoyance at the launch will launch on your satellite next year and then have a much better system which we control ourselves, including in 10 years. and i believe we won't just be consulting the weather forecast, but the animal forecast report from life on earth itself. yeah, there are showing that animals as early warning systems. it's an intriguing a

american big tech companies are exporting that technology. and business models worldwide has been rather reluctant to a regional and national last in the past. the changes in the home country could have a positive impact in other countries as well. and might give smaller companies and new ideas, better chances for success. apart from that, the rulings which you expect in early 2024 will affect other global tech giants like amazon and mehta as well. and the outcome i change the way you use the internet. you've had enough of all my to google will show you how easy it is to change your default search engine. how to set up a different search engine. so how difficult is it really to change your default search engine? here's how to do it in firefox on an android device. type the search engine icon in the address bar, taps search settings. top search engines, select the search engine of your choice on an iphone. it works like this. go to settings and scroll down until you find safari type of then tap search engine. select another search engine. gene

how do i start working in tech?n at a certain point, with the downturn especially, it turned into these people are the problem, them boasting about their, you know, getting to work wherever and all of these perks that they get are the reason why companies are laying off people, which isn't true. and then there's also, you know, i think a lot of people on tiktok were young women. i think there's a lot of like sexism involved. and i think that that was, you know, a perfect storm for people to really start getting hate who posted this content. so what's changed then, now that we're noticing this backlash? >> yeah, i think a lot of them just have left the field entirely of posting on tiktok. >> there's, you know, a lot less of that and more just like lifestyle content, clothes, restaurants, they're hobbies and interests outside of work, even if they still do work in tech. and i think that the other thing that's really interesting, right, is that i don't know about you. i'm not a poster on tiktok, but i, i scroll all the

american big tech companies are exporting that technology. and business models worldwide has been rather reluctant to a regional and national last in the past. the changes in the home country could have a positive impact in other countries as well. and might give smaller companies and new ideas, better chances for success. apart from that, the rulings which you expect in early 2024 will affect other global tech giants like amazon and metro as well. and the outcome i change the way you use the internet. you've had enough of all my to google will show you how easy it is to change your default search engine. how to set up a different search engine. so how difficult is it really to change your default search engine? here's how to do it in firefox on an android device. type the search engine icon in the address bar, taps search settings, top search engines, select the search engine of your choice on an iphone. it works like this. go to settings and scroll down until you find safari type of then tap search engine. select another search engine. gene

caroline: we will get the alpha of investing in the tech set their at -- in the tech sector as tech iset for a rebound. ed: the microsoft ceo will take the stand at the google trial. caroline: we will get estate on the eve of industry. let's check on the broader public markets. we are dictated by macros and all eyes on jerome powell having his roundtable. the nasdaq is up bite zero .3%. the 10 year yield can probably take some of that rally, 12 basis points on the high side of the 10 year. the focus and where the federal reserve has to relay the pressure to fight off inflation. some pressures are coming off of commodities today. this is a question of growth. let's move on to the risk asset that's up three and 4% on bitcoin which is a stellar rally to start this new quarter with maybe some repositioning at the moment. ed: we got third quarter delivery numbers for the ev space, tesla and rivian fell in premarket trading. the numbers and come back and we are notably higher compared to where we year -- where we were. tesla, 435,000 ev's delivered in the quarter. downtime for factors as the

i'm a recovering health tech entrepreneur.ve all been builders in these domains and that is where more we focus where the pools of talent that have built businesses native to different industries that can come together and see these unique opportunities at those intersections. caroline: you are the early member of a software engineering team acquired by oracle so you know how the exit route tends to look. i'm interested as to whether or not, is there more diversity in terms of the founders you see in new york. there is always been this concern that when we are seeing it from the same pool of m.i.t. and harvard as you sit in front of us. there has been within that ecosystem, not always as much diversity as you would like to see in terms of people of color, women, how is that look in new york? julie: i think new york has always been a huge exemplary, diverse people in many ways, whether it be culturally or based on backgrounds. in terms of the actual experience set that founders are able to bring to the next wave of startups. ed

mike santoli, do you want to opine on, here it is, the start of tech, important tech. >> yeah.t of important tech. what traders might wish for is the ability to focus on those numbers as opposed to trying to worry about getting the quick silver moves in the bond market, this morning 10:30 a.m. eastern time, 30-year yield ticks up, the high on the day, down 1% since then. it shows you the very short-term seesaw action that we have with stocks versus bonds. on the other hand we were at this level in the s&p at last week's lows from friday, 4311 or something, about this level, september 22nd, and the ten year was under 4.5. there's a way for the market to try and establish a peace treaty on a short-term basis where yields are unless there seems to be this volatility. financial accidents waiting to happen. that's the story on the afternoon. the s&p is only down a quarter percent. the vix is trading above december. you're starting to see the market tense up but it doesn't know why. >> let's see what happens in overtime if it helps us feel something in either direction. and, phil, to

and i'm an engineer by education i'm, i'm the tech optimist. i believe that only technology consults those problems that we're in. and that is also something where we see that, that resonates very well with a lot of investors. and we have also seen globally now it's probably more mental in the space. so they've, they have seen over 6000000000 now closely invested in susan energy and more than 90 percent of that was invested only in the past 2 years. so there is a strong woman to buy. some of that has slowed down recently as well. right. i mean, there was a boost of investment after that experiment that you talked about earlier to show that there was a net gain. is it possible that a lot of that comes on out of excitement, but then maybe when some realities are merge or when people take a closer look that it could be a little bit scarier? i think in the, in general the invest in the system is to leave it slow, but then it was kind of like 24 months ago. and that's something that i see all the technologies out there to be a see and all sort of ha

the biggest moves and the health of that tech trade at-large. we're live from the new york stock exchange. when you think of investment risk, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. >>> welcome back to "closing bell." the stocks are moving lower. the nasdaq feeling the most pain today. a look at today's action. >> reporter: the nasdaq, could be the first worst day of the year. a snapshot of names

we take you to london to talk about tech. alix webb joins us now.t alphabet, microsoft after the bell. what are you expecting and what are the big numbers? alex: the expectation is for slower growth with microsoft going below 10%. similar with google, the cloud side, we hope there will be a slight expeller ration. there were bellwethers here. you have microsoft, google and the cloud. how much appetite is there really for ai applications? they both will be spending a huge amount of money to build up the hardware capabilities of their services in the data centers. in order to fuel that. and as we look toward the final quarter what is the outlook look like on that front? it is a bleeding edge when it comes to consumer demand. our brands opening a checkbook again to -- on marketing in order that they can attract people's hard earned dollars when it comes to the spendings. these are the two kind of the things we are looking at. guy: earlier this year, ai, the big story, the companies where the center of it. is the narrative still they are? is that someth

tech summit.e're ready. i'll see you tomorrow, send it to ot with morgan and jon. >>> we were up, we were down, stocks finishing the day mixed after the ten-year treasury yield hit a fresh 16-year high, and then retreated dramatically today. that's the score card on wall street, but the action's just getting started. welcome to "closing bell" overtime, i'm morgan brennan with jon fortt. >> the streak is broken for mondays for the s&p at least. city equity strategist scott chronert is sounding the recession alarm and says it might not necessarily be a bad thing for stocks. >>> an

and a lot of those tech companies got hit hard this quarter. is this the end of the the tech earnings recession, if you like, or are we going to see a lot more declines before this nasdaq 100 drop is over? i think we need to bifurcate the earnings challenges versus the multiple all scenario that we have today. earnings actually look reasonable. they're growing nicely. whether it's alphabet, microsoft, but the reality is, what do you want to pay for that? as interest rates rise like they have been doing, they're rising for several reasons. yes, secretary yellen is correct. we've seen some strength in the economy, but more importantly, they're rising because we still believe the fed's going to stay higher for longer. that will put pressure on multiples and the highest multiple stocks are those big cap tech stocks. so the earnings look good. it's the valuation that gives me a little bit pause. brian, shifting gears just a little bit, i know that you're a japan investor as well. and with the yen right now at 150, 38, i'm curious as to your thoughts

more bad news for tech. in other earnings crossing the tape, st micro and they are lowering their fourth-quarter revenue outlook and now they are seeing a $4.3 billion. the estimate had been just below $4.5 million. they are lowering their full year net revenue off the back of that. this feeds into a rather ugly morning. there is no way to sugarcoat this. rather than earnings saving us from the drag we have seen because of higher bond yields, bad tech earnings are just contributing to the ugly morning we are having. the nasdaq yesterday, the nasdaq 100 lost 2.5%, its worst day of the year. hopefully we can show you these boards. bleeding into the asia session. msci asia pacific down 1.5% which has been dragged lower by the tech regions and the nikkei which is down in the kospi is down too. you can see at the bottom, this is rare for early mornings to see the futures session of the nasdaq being so poor, down more than 1% after its worst day of the year last year. let me show you individual movers because meta

what has this tech been doing differently?different business model than most. we have 8.4 million customers, 300,000 small businesses and growing and that growth momentum is accelerating. so there's an incredibly strong customer advocacy there. we're known for our card. some of our uniqueness starts with the fact that we build really intuitive products and we build them for our customers. in the very early days, we invited customers into our offices and they were able to tell us what they wanted and we built with them. even now at all the customers, we are still talking to them. we have more connection point in almost any other company. a single product might have 500 points of feedback in a single month. so we're hearing from them and we're acting on them. there's the products that we build we also own our own techs and that's industry leading. that means that we can be both resilient and important and be able to be nimble and create inventive things that nobody else has done before and we're not sharing our margins with a lo

american big tech companies are exporting that technology. and business models worldwide has been rather reluctant to a regional and national last in the past. the changes in the home country could have a positive impact in other countries as well. and might give smaller companies and new ideas, better chances for success. apart from that, the rulings which you expect in early 2024 will affect other global tech giants like amazon and metro as well. and the outcome i change the way you use the internet. you've had enough of all my to google will show you how easy it is to change your default search engine. how to set up a different search engine. so how difficult is it really to change your default search engine to have how to do it in firefox, on an android device, type, the search engine icon in the address bar. tap search settings, top search engine, select the search engine of your choice or on an iphone. it works like this. go to settings and scroll down until you find safari type of then tap search engine. select another search engine. g

what are we just a gimmick in the tech sector? -- wages look like in tech sector>? >> they are not falling but they are more stagnant year to year. compensation is not just about base salary, it includes bonuses, equity and it is a place we have seen a bit of a pullback so it is not necessarily people are getting their bonuses cut, but when they are looking for a new job, may be the package they demand is not as large as it might have been a year ago. caroline: what signals do you look to? your measuring sentiment which seems to be on the downside. where do you look next because many in the macro perspective are thinking this jobs market has to eventually start to coal even though it defies that every single month. daniel: i think it is important to see that marriage of hard and soft data together because we do see that hard data is looking really healthy for the job market. almost shockingly healthy compared to what were we were thinking coming into the year but i think it is important to look at the sentiment data as we look at how employees feel because who knows

you heard my preamble on the big five tech names.rd for the three that have gone so far? >> clearly, microsoft is a big winner during earnings season. amazon was not too shabby. it is really the story of ai and the impact ai is going to have going forward. amazon did a great job on their conference call talking about the impact of ai and how it will add tens of billions of dollars of revenue for aws. it is something investors really liked to hear. caroline: what they don't like to hear is consumer concern, or macro concerns. that was a business macro perspective we got that let us down. on the meta front, maybe on alphabet. what do you think about the resilience of the macro picture with these names right now? ayako: from an overall standpoint, all of these companies have very strong balance sheets. it has been a fight to quality to a certain degree for many investors who are concerned about the overall macroenvironment. having companies that have high-quality balance sheets that have cash that is now generating 5% plus, that is a hu

everything is fine and dandy to a tech companies have to deliver on their spectacular promises. one of the most glaring examples of hyperlinks, a high speed above ground vacuum to popularized by musk in 2013 and pursued by a number of firms billionaire richard branson. the owner of virgin also got in on the fund in 2017 and a virgin hyper loop announced plans to build overground vacuum tubes that would hurdle people at 670 miles an hour across the us, india in the middle east. what the closest these came to materializing was a single crude test in 2020, which reached about 100 miles an hour. far less than promised. costs were nearly $10.00 times higher and the test drive transported just to passengers instead of the promise $28.00. undeterred by the failure of his above ground travel project, musk optic to go underground with his boring come. first, the pledge to dig elaborate systems of tunnels under cities were autonomously dripping pods with 16 passengers would sit around with the and that became a pledge to develop a system of so called skates, which would sweep electric car

are you a tech company? ethan: we are only a tech company. ed: how so?oy advisors. we do not employ anybody who is not a software engineer. the advisory model even in fintech does not really work because people are not looking for a commission based structure or even aum based structure. what you will find with wealth advisors or the bigger folks -- goldman reported this morning -- we are going to get you to give us your alternatives so we can charge you $50 bips. that is why our payment structure is fixed. $100 per year, per fund regardless of how big the structure is. the way we do that is by having software. if we had people behind us, it would be incredibly expensive and there is no way we could deliver. the only way we can do that with the significant margins we have is through software. caroline: i like it. the coterie ceo talking about how they are tech. ethan agarwal, thank you for your time. ethan: thank you. caroline: coming up, we are going to talk about times getting tougher for the swedish truck company volta. ed: we are looking at general m

then, a big week for big tech is on the way. netflick kicked off earnings this week with a bang on strong subscriber growth, but there's a lot more to come. and one tech giant faces trouble from china and later, we'll give investors an inside look on the stealth play for electric vehicle stocks. but we begin, as always with three things. investors ought to be thinking about right now. stocks sank this week as investors are keeping a close watch on growing middle east tensions. then, elon musk is having some regrets about tesla's highly anticipated cybertruck and the ev makers. third quarter earnings were a big disappointment and a warning for investors about following the smart money when it comes to their investments on the barron's roundtable, my colleagues ben levison, andrew barry and jacob sonenshine. all right, so ben, another cloudy friday, another cloudy weekend, and that also played out in the markets. why were markets down again this week? well this week's loss was brought to you by the number five. that's 5% on the te