—¡xi-chun! ¡xi-chun! ¡xi-chun! —¡xi-chun! ¡xi-chun! ¡xi-chun! gracias, chico.trito escolar dijo que garantizar la seguridad y el bienestar de los alumnos es su mÁxima prioridad. en cuanto supimos de este incidente tomamos medidas rÁpidas y decisivas". las imÁgenes hablan por sÍ solas. borja: un hombre hispano de nuevo mÉxico fue alcanzado por las llamas de un incendio que Él mismo provocÓ en la casa de su ex novia cuando ella estaba dentro de sus niÑos, cuando afortunadamente salieron ilesos, el sospechoso iniciÓ el fuego que se extendiÓ a otras casas y autos, y aunque se fugÓ, ahora enfrenta un delito grave en 1grado, muchos hablan de karma en las redes sociales. aileen: en atlanta se vivieron momentos de tensiÓn por el secuestro de un autobÚs que culminÓ con una larga persecuciÓn policial y lamentablemente con una tragedia. borja: elyangÉlica gonzÁlez tiene los detalles y las reacciones. elyangÉlica: eran las 4:30 p.m. cuando las llamadas de emergencia comenzaron a llegar. >> [habla en inglÉs] los elyangÉlica: los pasajeros informan que un hombre estaba a bor

—¡xi-chun! ¡xi-chun! ¡xi-chun! —¡xi-chun! ¡xi-chun! ¡xi-chun! gracias, chico.s. las flex alerts nos notifican de cortes de energía prevenibles. obtén la flex alert, ayuda a que no haya apagones. ¿sabes qué? tu nombre será flex, pero no eres nada flexible. ¡claro que lo soy! pero voy a poner el termostato en setenta y ocho... y desconectar esto. y esto. - “let's taco 'bout it” - ¡no! - y podemos lavar la ropa en la mañana. - buena idea. cosas así nos ayudan a ahorrar energía y nos ahorran apagones. con flex alerts, tenemos el poder. powerisours.org ♪ [mÚsica] ♪[mÚsica]♪ ♪[mÚsica]♪ ♪[mÚsica]♪ borja: ya han detenido a cinco ladrones este robo masivo a una joyerÍa de california, el video que se ha hecho viral muestra el robo de esa joyerÍa estÁ situada en sanibel, 20 personas en las detenlas con martillos y despuÉs murieron en varios autos, al llegar la policÍa, se produjo una persecuciÓn en la autopista y despuÉs detuvieron uno de los autos que tenÍa cinco sospechosos, pero aÚn quedan muchas mÁs. un joven de 19 aÑos de florida asesinÓ a balazos a su padre y despuÉ

—¡xi-chun! ¡xi-chun! ¡xi-chun! —¡xi-chun! ¡xi-chun! ¡xi-chun! gracias, chico.mos en vivo en la "ediciÓn digital", les contamos desafortunadamente que una bebÉ perdiÓ la vida en california tras ser dejada varias horas en un auto en temperaturas sofocantes, esto pasÓ sÓlo 2 meses despuÉs de que fuera adoptada por una familia. segÚn la investigaciÓn, diana sofÍa alemÁn, fue hallada inconsciente, a esta hora hay una investigaciÓn en curso, siempre recordarles que esto puede pasar en cuestiÓn de minutos. borja: cambiamos de informaciÓn, lo avanzamos en titulares, ojo con esto, si estÁs en ese 20 o 30% de la poblaciÓn mundial que se muerde las uÑas, es posible que despuÉs de esto lo quieres dejar de hacer, es el caso de un joven espaÑol que tenÍa esta manÍa y se infectÓ con una bacteria estafilococo que se alojÓ en su corazÓn, lo que le causÓ graves problemas de salud. carolina: su nombre es mario colomina, cuenta en redes sociales que fue operado a corazÓn abierto para reparar una vÁlvula afectada. el joven saliÓ adelante y hoy en dÍa crea conciencia de esta manÍa,

—¡xi-chun! ¡xi-chun! ¡xi-chun! —¡xi-chun! ¡xi-chun! ¡xi-chun! gracias, chico.on un ceviche de camarón. bienvenidos al club, bro. sí, hazte miembro de sam's club y encuentra mariscos de origen sostenible. -estos nenes te dan las gracias. -de nada. baja el app de sam's club y compra ingredientes frescos hoy. sam's club. nuevos centrum menopause support. vive con menos pausas... por los síntomas de la menopausia con multivitaminas y apoyo para bochornos. dailyzz™ para un sueño reparador... y enxtra® que te da la claridad que necesitas. nueva línea de suplementos de centrum para la menopausia. ¡flex alert, flex alert! ¡se viene un apagón! así es alert, siempre se “alarma” un poquito de más. las flex alerts nos notifican de cortes de energía prevenibles. obtén la flex alert, ayuda a que no haya apagones. ¿sabes qué? tu nombre será flex, pero no eres nada flexible. ¡claro que lo soy! pero voy a poner el termostato en setenta y ocho... y desconectar esto. y esto. - “let's taco 'bout it” - ¡no! - y podemos lavar la ropa en la mañana. - buena idea. cosas así nos ayudan

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.s it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice. >> the indian prime minister winning a crucial battle for two key allies allowing it to form a government and extend his decade in power. joining us is a nonresident senior fellow in the u.s. policy studies. what may be will have to change in the next government is perhaps more of an equal distribution program. i'm interested if technology will be a soul for that in some way. >> i see this going to be a coalition because the bjp has not got the majority of its own. the opposition alliances got 230 two seats so it's not a clear majority. many will think the decisions but that may not be the case all the time. the coaliti

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.cent grads... ...to rising stars... ...to living legends. —you got this. —thank you. vanguard's retirement solutions can help all your employees be well on their way to their financial goals. that's the value of ownership. >> still a bit of a novelty. most people driving extra haven't seen one of these. >> this is robotaxi from the autonomous ride-hailing company owned by amazon. it is no steering wheel, no petals and for inward facing seats. it's running a five mile loop in las vegas across three lanes roads unprotected turns and amidst traffic at speeds of up to 45 miles per hour. we wanted to feel like you're being driven by a very safe expert human driver. >> the robotaxi runs on software trained by millions of miles gathered by test vehicles and packed with sensors and temperature probes which generate a full picture of the world around in real time. it's bidirectional with a drive unit at each end. >> there were cones and warnings and we cut across two lanes of traffic >> the map

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh caroline: time for talking tech, first up christie's hackers who stole client data have failed to upload any of that information to the dark web. the hacking group threaten for over a week to release the stolen files on monday but there are no signs that has occurred. the criminal said christie's had ceased communications after the attempt to reach a reasonable resolution. a cyberattack on change health care is putting pressure on washington. congress and the biden administration are stepping up efforts to protect highly sensitive data from falling into the wrong hands. up to one third of americans are said to have their private information exposed from the hack. it's costing 1.6 billion dollars in profits this year. major hospitals in london have been thrown into chaos. a cyberattack on hospitals partnering with pathology services provider synovus caused operations to be canceled and

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. counahan for leaffilter— the permanent gutter solution that protects your home in so many ways, it takes more than one chris to explain it. but together, i think we've got the job covered. like leaffilter's has your gutters covered. protecting you from getting up on this thing to clean out your gutters ever again. and you know how else leaffilter protects your home? with our lifetime transferable no clogs warranty. we'd be glad to come out for a free no-hassle inspection. to schedule your free inspection, call 833-leaffilter today or visit leaffilter.com ed: it is time for talking tech. a blockbuster hit for tencent. the mobile game brought into hundred $70 million in 30 days, taking the top spot in downloads and revenue in china. the performance exceeded analyst expectations and mark the biggest debut of the year for tencent to date. amazon and f1 will debut the new ai feature to keep viewers watching. the new feature aims to provide context and trivia during broadcasts by passing th

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.time now for social climbers, looking at the stocks making waves this morning. the u.s. surgeon general is calling for a formal warning label added to social media site similar to those placed on cigarette. such a warning would "regularly remind parents that social media has not been proven safe for mental health." any such move would need rational approval. he does healing with -- adidas is dealing with allegations of bribery after a whistleblower accused staff of receiving kickbacks from external providers. it mentioned a senior manager receiving means in cash from suppliers as well as physical items like real estate. finally, pull out the popcorn, "inside out 2" wheels in viewers with the biggest blocks office opening weekend of the year. bringing into hundred $95 million globally, the biggest opening weekend ever for an animated film. welcome news, of course, for cinema chains like amc, who have been waiting for the next big hit since last year's barbe nheimer success. markets at t

—¡xi-chun! ¡xi-chun! —¡xi-chun! ¡xi-chun! tienes más opciones de lo que crees. haz tu cita ya.ob ultra. cerveza light superior. este internet no es sólo rápido. este internet es rapidez como nunca viste. ahora con el doble de velocidad por el mismo precio. solo $19.99 al mes. es el internet más rápido. rapidez a la velocidad de recetas de último minuto. videos virales. videollamadas de año nuevo. y ganar en el video juego. rapidez así en casa. hazlo todo. al mismo tiempo. rápido. ♪ borja: gracia dadas por seguir en "ediciÓn digital". la plataforma x anunciÓ que a partir de ahora de manera oficiales se permitirÁn imÁgenes de contenido sexual siempre que Éste sea consensuado y que la imagen estÉ claramente marcada como tal. esto viene a oficializar en x una polÍtica similar que estuvo vigente en twitter antes de ser comprada en 2022. esto realmente es insÓlito, les cuento los detalles, una mujer de la tercera edad aviaciÓn declarada muerta a las 9:44 minutos de la maÑana, exactamente dos horas mÁs tarde un trabajador de una empresa funeraria descubriÓ que la supuesta difunta esta

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.aroline: the supreme court agreed to hearing request to kill a lawsuit that accuses the social media giant of misleading investors about the scandal involving cambridge analytic up. joining us now to go into why this is meaningful is mike sheppard in washington. it's not just meda who wants this killed off but the chamber of commerce wants this heard because they're worried there's a misreading of what's happening with the sec and a lot of lawsuits. arco -- michael: it's a 2 billion-dollar potential settlement but when you talk to our bloomberg intentional -- intelligence analysts are cloudy has analyze this and found it could be that kind of a payout for the company to grieve shareholders but the stakes are far wider. since 2005 the excerpt -- security and exchange commissions as required companies to disclose the risks that could have a material impact on share price. could be information and with the shareholders in this case alleging facebook was too slow in disclosing those risks

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. back to "bloomberg technology." i am caroline hyde in new york. quick check on the markets for you. we are currently up .4% on the bigger bench mark, nasdaq 100 managing to shake off anxiety over european trading. we see the right wing contender trying to take the prime ministerial role. she says she will work with macron. the political anxiety is there. bitcoin off by almost 2%. we are only at 65,000 there. we have seen profit taking in crypto. some individual movers and shakers, we are seeing some corporate moves, up 5% for autodesk. the software company more than $500 million, they want to push for changes. investors like that. dell technologies, the c.e.o. is selling out $300 million worth of the stock but that does not matter in terms of the selling pressure. we are currently up 6%. that seems to be more analysts saying this is still a stock you should be buying. it was morgan stanley reiterating the top pick. meta is off by .7%, being forced to think about how much they look at

xi-chun, xi-chun, xi-chun! you've got more options than you know.w. you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh ed: softbank travel app is said to be planning a $400 million ipo in the united states. sources say the start is eyeing a launch in july with a valuation of between $7 billion and $9 billion. a final decision has not been made. ai startups in silicon valley are stepping up efforts to stop a california bill that would place public safety guardrails on ai, saying it would curtail innovation. the bill aims to mitigate catastrophic risks by future ai model such as weapons develop meant. the bill has until august 31 to pass the measure. u.k. tech tycoon mike lynch has been found not guilty of all charges. he was accused of using accounting tricks to dupe hewlett-packard into buying his software startup for $11 billion in 2011. the outcome marks a redemption for lynch who argues he was used as a static goat -- as a scapegoat for the deal. caroline: extraordinar

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> it's time for social climbers. a look at the stocks making waves on social media. spotify will introduce a new premium plan later this year according to a person familiar with the matter. it would cost at least five dollars more per month and include better access to audio and tools for creating playlists and managing song libraries. an fda advisory panel and recommending u.s. regulatory approval. analyst cheered that recommendation calling the unanimous panel vote later than expected. golden goose and its shareholders are seeking to raise about 560 million euros in the luxury sneaker brands ipo. this gives them an implied market value of his much is 1.9 billion euros. bloomberg reported golden goose could be valued at 3 billion euros. you can follow the latest company buzz on tren go on your bloomberg terminal. take a look at these markets we are still lower right now if you look

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. caroline: welcome back to "bloomberg technology." moments ago, breaking news a delaware jury has reached a verdict finding hunter biden guilty of gun charges. he was found guilty by federal court jury and has become the first child of a sitting u.s. president to be convicted of such crimes. we know the verdict came less than two weeks after his father's chief rival for the presidency donald trump was found guilty by a new york jury of 34 counts of falsifying business records late last month. political system intertwines with the legal system. we have greg farrell with us. extraordinary really. the legal system is now becoming a focus for both presidential candidates but this one is novel in terms of the some of the sitting president. >> it is extraordinary because i think hunter biden. it is a question of timing. donald trump in charge in several places. it would be unfair. the optics would be terrible if hunter biden were charged and taken to trial. caroline: what do make of th

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.look at the stocks making waves on social media. apple is not paying openai to use its chatbot. apple believes promoting chatgpt users is of equal or greater value than monetary payments, according to people familiar. sam altman said openai is on pace for $3.4 billion of annual revenue. next, gamestop calls with huge volumes yesterday as the shares dove in the final stretch of trading. no way to tell if he was directly involved, his exit could weigh on the company, closing 17% lower. finally, donald trump will meet with executives today as he is embraced buy the business elite. jamie dimon, jane fraser, brian moynihan, and tim cook are said to be among those expected to attend. you can follow the latest company buzz on your bloomberg terminal. look at these markets, s&p 500 flipped into negative territory, .1% or so lower right now. nasdaq 100 holding onto those gains but not quite as robust as they were about half an hour ago, still higher buy about .3 percent. small-cap losses intens

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.ime for social climbers, a look at the stocks making waves on social media. carnival cruises on social media after it raised its annual profit forecast for the second time this year. the cruising giant is banking on higher prices and strong demand. solar edge looking more like a black hole sun. the solar equipment maker announcing one of its customers has filed for bankruptcy. it's a customer that owes $11.5 million. the world's biggest record labels are suing two ai startups saying they are training their models on massive amounts of copyrighted music. they are seeking damages that could amount to billions of dollars. you can follow the latest company buzz on the bloomberg terminal. tren go on your bloomberg. whole foods continues to expand its daily shop concept. the ceo joins us next. katie greifeld will be right back here in the anchor chair. ♪ [laughter] katie: welcome back to "bloomberg markets." let's get back to what is happening in these markets. we will do that with abigail d

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. sonali: this is bloomberg markets. it's time for the stock of the hour. apple at record highs ever unveiling with a suite of new features including a partnership with openai. a major tech etf could be forced to sell around 11 billion worth of apple shares to comply with rebalancing. we will talk about it more with james who wrote a report on what to expect here. we are thinking through the implications for xlk which is the technology spider fund run by state street. we wrote an interesting report about how apple being so heavily weig

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.nali: tether has created a new synthetic dollar backed by gold. michael regan is here to explain exactly why this is going on. what's the purpose of tether doing this? why inching into gold? mike: the big picture is they want to diversify beyond u.s. tt, there are -- usdt, questions about what stablecoins will survive the regulatory environment. tether is investing in crypto miners, making investments in artificial intelligence, even medical device companies. with this project, but they are doing is really pretty fascinating. they are actually buying gold, storing it with a custodian in switzerland, making tokens that represent the gold so that you can buy the tokens and basically own ownership in gold in token form. then what you can do is you can give them back to tether and they give you a synthetic dollar, like usdt but one related to gold. it's over collateralized, meaning say you put $100 of gold tokens on the tether, they will give you $75 back. why would you want to do that? we

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. >> this is bloomberg markets. i'm sonali basak. the sales of existing homes in the u.s. fill for a third straight month in may while prices set another record. it underscores persistent un-affordability across the nation, particularly in the south. for more we are joined by brett o'connor, chief economist of the florida realtors association and bloomberg's abigail doolittle. brad, you see prices in florida. a really good indication of what is going on, probably to some extremes in florida relative to other parts of the country. how would you describe that dynamic? brad: florida has been a hot market really sends early on in the pandemic. by june or july of 2020 we were seeing some of our highest sales numbers already. that was a combination of florida being a little more open than other parts of the country. we looked at data, where people were coming from. for instance come out of the new york metro, a lot of folks came from the more densely populated places that are less locke

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. you have to make it.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. sonali: this is bloomberg markets. it is time for my favorite beach, the wall street beach. we're looking at the issues facing short-sellers in the industry in today's relentless stock rally. it is also the big take for bloomberg joining us as sentences takeover who wrote the story. you spoke to everyone from jim chanos to andrew left. are they all throwing in the towel at this point? >> we started looking at the s&p member. the short interest was down to 2001 lows. we certainly the number of hedge funds. it is down to 14 constituents according to one of the indices. we went to the big names. we went to jim chanos. he said it is hard to raise capital. you can imagine if he is struggling to find money in shortselling. a lot more players probably find it more difficult to went to andr

xi-chun, xi-chun, xi-chun! you've got more options than you know.ook now. ♪ ♪ relax into a caribbean state of mind. visit sandals.com or call 1-800 sandals. starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. make more of what's yours. sonali: some of my conversation with los angeles lakers and donders co-owner tom boley earlier this week. he told me he is exploring how to reorganize college sports into one league with as many as 12 divisions. we will discuss this idea with randall williams who has been following the whole business of sports and investor interest in and. it seems increasingly private equity owners are t

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.onali: this is bloomberg markets. it is time for the stock of the hour. taking a look at gamestop shares after the investor known as roaring kitty is driving a rally in those shares. billy lipshultz is here to explain why the renewed excitement around the meme stocks especially when it comes to gamestop. how much did he say he bought? bailey: he said his position is worth $116 million so close to five x that was the last time he was that unread in love 2021 so i substantial increase. in the common stock as well as call options. worth about $65.7 million. if he could exercise it, that would add 12 million shares to that steak and be on paper a tremendous windfall. sonali: it is safe to say he has gotten quite wealthy in the meantime. bailey: very different from the initial meme investor, the retail trader who on paper not many investors are worth north of $116 million. sonali: you are seeing the retail really come into play. what else is being affected? bailey: we are seeing amc. anothe

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. her uncle's unhappy.m sensing anions underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> from the world of politics to the world of business. this is "balance of power." live from washington, d.c. joe: closing argument begin in hunter biden's trial as donald trump sits for an interview with his probation officer. welcome to the fastest show in politics. i am joe mathieu alongside kailey leinz in washington. welcome back. this is the campaign of 2024. kailey: what a world we live i

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.ie: time now for social climbers, a look at the stocks making waves on social media. first up, wells fargo fired over a dozen employees last month after investigating that claims that they were faking work. a review found they were simulating keyword activity creating the simulation of active work. wells fargo has required employees to return to the office two years ago under a flexible hybrid model. a judge looks to be set to reject a $30 million settlement between visa, mastercard and retailers which would have capped fees. the judge suggested she would not sign off on the deal. retailers have long fought against fees for processing hard payments, most of which go to the cars. ai firms, bio's, none have popped quite like cava, soaring 300% any market value over 10 billion dollars, equating to $33 million for each of its 323 restaurants. you can follow all of the latest company buzz on our bloomberg terminal. looking at markets, it has been a long and busy week when it comes to moneta

xi-chun, xi-chun, xi-chun! you've got more options than you know.> a billionaire founder says he is bullish. have a listen. >> a short run. it is true that dimensions of ai in written form is very high. one could say, if everybody talks about it, it must be priced in. the reason why i am more positive is i remember when i invested in apple when the iphone first came out. three use people told me, why are you invested in apple? an incredible run. it might be in -- might be a good sign. >> >> google, facebook and etc. -- others say it might grow. quest sometimes out of nowhere, a new company -- >> sometimes out of nowhere. quest what is coming behind ai that will excite tech investors. quest that before i answer that there is an onion effect and you can feel that there is a lot going on with ai. ai will be this amazing, artificial brain. what i wonder is, what you put that brain inside a robot? we would then need to live side-by-side with humanoids. i do not know when it happens. it would be pretty exciting. >> do continue to watch. i want to mention

xi-chun, xi-chun, xi-chun! you've got more options than you know.est is back this year and bigger than ever. in the heart of the financial district, join me as we discussed the latest topics impacting markets like ai, private credit, and geopolitical tensions. get unparalleled insights from the most influential speakers. bloomberg invest, unlocking opportunities across markets. get your tickets today. ♪ caroline: this is "bloomberg technology." you are looking at a. check out our -- you are looking at a principal room. check out our podcast. this is bloomberg. let's talk about the c-suite and diversity. women's representation has fallen for the first time in two decades. that is the latest from a report from the nonprofit. also, a tech enabled solution as to how things might change. it is a network of women chief executives. you are trying to shine a light that even if there is this dei pushback coming from companies and boards, maybe we are still seeing the work being done, but why we are seeing fewer women on boards? >> we recently published a stu

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.f the principal room. make sure to check out our podcast on apple, spotify, and i heart. this is bloomberg. ♪ ed: we are going to take a look at the world of fintech with a partner at the global fintech focus firm portage, which has 2.5 billion dollars in assets under management and also the cohead of capital solution strategy, where they focus on growth equity and special situations investments in financial technology, financial services companies that operate globally. we have had all kinds of fintech names on the show in the last few weeks and the sense i get is there is a bifurcation of how companies are moving in europe and how they are moving in united states, particularly those that might have grown rapidly but now they are trying to scale around the world. you say that is a fair thesis? >> certainly we are seeing in the u.s. that activity is picking up in the fintech space. valuations are starting to recover and there is more optimism around the ipo markets reopening, but in eu

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.oline: time for talking tech. shein is set to file for ipo in london as soon as this week. the offering could value the company as much as $64 billion and it could become one of the u.k.'s biggest ipo's ever. it was looking at london after judge it unlikely the sec would approve a new york public opening. after it posted what appears to be a $160 million position in the retailer. ares positioning it as one of the company's five biggest investors. shares of paramount are trading higher. david ellison's latest offering includes the option for shareholders to cash out for about $15 a share. it is the latest attempt by ellison to sweeten the terms of the deal has faced opposition from some investors on. it is a 26% premium to friday's closing price and only on some shares. for more on the story, we are pleased to welcome chris palmeri. is that why we have not seen them fling themselves to that price? >> people will not be able to sell all of their shares at that price. there still a lot of

xi-chun, xi-chun, xi-chun! you've got more options than you know. (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com katie: time for social climbers, a look at the stocks making waves on social media. smith & wesson missing the mark on earnings. sales in the first quarter will be down by about 10% thanks to softer demand. the company is expecting a small rebound as the u.s. election nears. a big step forward in the fights against hiv. gilead says its twice yearly injection was 100% effective in preventing hiv infections in a late stage clinical trial. the news adding to their dominance in the hiv market. we have american express card holders may find it easier to nab hard to get dinner renovations. dust reservations. they are known for caterin

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xi-chun, xi-chun, xi-chun! you've got more options than you know.w. >> this is bloomberg markets, you are looking at a live shot of the principal room. coming up an interview with the hpe ceo. this is bloomberg. abigail: time for -- katie: time for our daily wall street week conversation. we are looking at a corporate deals are being affected by increased deals and higher uncertainty. david westin spoke with the evercore chairman emeritus about the current status deals. >> we are in a period of returning activity so if you look in the u.s., announced transactions in the first five months of the year are about 40% of last year. the last two years have been low activity driven by predominantly uncertainty rather than economic uncertainty because that is the enemy of m & a activity and if you look back over the last 45 years, back to 1980, m & a has been categorized by five to eight year up cycles and two to three year down cycles. we are at the end of the two-year -- two to three year down cycle and the beginning of what i expect would be an extended

xi-chun, xi-chun, xi-chun! you've got more options than you know.maica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals abigail: this is "bloomberg markets." i am abigail doolittle. you are looking at the principal room. kristin smith joins bloomberg tv at 11:00 a.m. eastern. ♪ katie: it is time for our daily "wall street week" conversation. today, the battle to reinvigorate u.s. chipmaking. we have chris miller, professor of international history, along with bloomberg's david west in. david: thanks for being with us. i know you are talking about the status of the chips act. bring us up to date. how much money have been dispersed? how much of it is in grants and loans? chris: the chips act authorized $39 billion in incentives for the government to disperse to chipmakers to build new chipmaking facilities. on 80% of the funds, they have been given out to half a dozen companies manufacturing chips but also beginning to issue grants to companies that produce materials necessary in chip manufacturing wit

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xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. this is clem.rson. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. is there going to be anything... -left over? -yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next. caroline: this is "bloomberg technology." check out the close today. market insight around the most critical part of the trading day. 3:00 p.m. eastern. this is bloomberg. ♪ and today's vc spotlight does talk about the health of the videogame industry, of social networks, and groupings and an uptick investment in the second half of the year. amber atherton is with this -- us. you are all in on n

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. tom: good morning.bloomberg daybreak: europe. i am tom mackenzie in europe. the yen weakens. we break down the numbers ahead of the boj governor's press conference. the s&p notch a fourth straight consecutive record. european futures higher. the french bond rout deepens over concerns of a surgeon far right in upcoming elections. reform u.k. leader nigel farage declares his party the opposition to labour after a new poll shows the brexit architect's party ahead of prime minister rishi sunak or conservatives -- rishi sunak's conservatives. let's check the markets. it was tech boosting the highs of the s&p. adobe and broadcom and tesla lifting the s&p. european futures pointing to up .3% but there's been a diverging picture. ftse 100 futures showing gains of .3%. the s&p looking to gain modestly. nasdaq futures higher but .2% that higher by .2% -- higher by .2%. you have further evidence that inflation is starting to cool in the u.s. that is playing into expectations that the fed can go at least once this

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xi-chun, xi-chun, xi-chun! you've got more options than you know.e french billionaire and founder burnout -- bernard arnaud built an empire of opulence with brands ranging from louis vuitton to dawn perry own d --om perigone. he sat down with bernard in paris and he is in new york to speak with us. let us talk about how wealthy he is because you have a great chart that shows that his wealth is on par with elon musk and jeff bezos but it feels like we hear relatively a lot less about arnaud -- arnault. >> he has been the wealthiest person in the world for most of the year according to the billionaires index, it was only until the french elections and the decline of the stock market that his wealth fell a little bit. i think it is $208 billion. he will be fine. i think you are right. his story is poorly understood compared to the tech titans. >> tell us about lvmh and how he built the empire. i was surprised that it was 75 brands. brad: look, a lot of them might be recognizable. they might not know the name but they know dior, louis vuitton, beaudry,

xi-chun, xi-chun, xi-chun! you've got more options than you know.now. get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo caroline: you are looking at a live shot of the principal room. check out the close, a market insight weekdays at 3:00 p.m. eastern. this is bloomberg. time for vc spotlight. co-founder at bbg ventures in town showing up with the accelerate summit taking place hundreds of female diverse founders across the country to come into new york to talk about raising money and lessons learned as founders, to help steer each other. was everyone all in on ai. was that the hot topic to shore? >> it was a topic but it was not the topic. company starting out right now is starting with some kind of ai basis. so they have that advantage. but the things people talked about more and more, it's always a challenge and one of the things we heard over and over again is you think y

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xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.now what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. caroline: let's talk private markets. softbank's vision fund is investing in perplexity ai. they are investing between $10 million and $20 million into the startup. that's part of a larger $250 million funding round that shuffles perplexity's valuation to $3 billion, making it one of the most highly valued companies in the industry. spacex, it is notching a $210 billion valuation as are selling shares at $212 apiece. it boosts the value of the space and select company from $180 billion back in december, making it the second was valuabl

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.kets and i want to show you the 10 year yield. we are at the lowest levels of the day and the lowest levels since december. you are seeing a stunning move of roughly 15 basis points on the 10 year and you have the markets pricing in about two rate cuts this year, a more than 66 percent chance you see one in september. a 43% chance in november and the 76% chance for december. it's an exciting year ahead for the rate market and exciting for the fomc meeting at 2 p.m. until then, we'll talk about the stock of the hour, broadcom reports earnings after the bell and citigroup says demand will put it on track to raise full year ai revenue target to a least $11 million. jon erlichman joins us now. this is another stock with a lot of implications for the ai boom. jon: and arguably for them -- for the larger market because this stock is been hot in recent years we talk less about broadcom versus nvidia and maybe they are not apples to apples but they are in the same apple orchard and the demand

xi-chun, xi-chun, xi-chun! you've got more options than you know.our daily wall street conversation. today we look at the magnitude of wealth created through carried interest. joining us is oxford professor ludovic phalippou he's the author of the book "private equity laid bear." here with me too is wall street week host david weston. >> we have this discussion about carried interest but nothing ever gets done. >> exactly. nothing ever happens with it. >> one of the things i think you've contributed your study is to quantify how much money treasuries, united states treasury, u.k., elsewhere, are giving up because of the special income tax of carried interest how big is it? >> it's the current interest i calculated, i live with that question to tax specialists. amount of carry that has been earned, paid and due is $1 trillion at minimum. that's one for which we know how to get created. these numbers are pretty close to what they have historically incurred. >> so i guess it must be achem's razor when we ask, why hasn't anything been done about this? i

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xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >> good morning. happy friday. these are the stories to set your agenda. european stock futures tread water following a tepid session on wall street. with options expiring, triple witching could inject volatility. the bank of england opens the door to a summer rate cut as james bullard says the u.s. central bank could go in september. benjamin netanyahu and israel's military appear to be at odds over whether destroying hamas is achievable. this is a broader conflict between israel and -- as a broader conflict between israel and hezbollah keeps the region on edge. the equity markets are feeling out for a further catalyst. we have had some fed speak coming through from officials as we continue to way up when the fed will go next. the bank of england coming through with a dovish hold yesterday. we keep an eye on u.k. assets. more data out of the u.k. later today. also out of the euro zone when it comes to pmi's. later in the day as well, 9:00 a.m. u.k. time, getting a picture across the euro zone when it

xi-chun, xi-chun, xi-chun! you've got more options than you know. ♪ katie: airlines are leaning on discounts to fill a surplus of seats and are chopping schedules to boost profitability. this may lead to another messy summer for travelers. joining us is abigail doolittle. >> it's interesting. after a couple of years of the revenge travel, it seems as though some of the trends, at least for domestic flying in the u.s. are cooling. flyers may not know it. relative to what you are talking about, discounting is occurring. american airlines ceo said they were discounting because of a supply demand imbalance here in the u.s. they are leaning on discounting a lot and that is a reason why they sharply cut the view. because on peak flights, saturday, sunday, monday, when folks might be traveling for a weekend or extended weekend, those planes are packed and the discounts might be less felt. in the middle of the week, that's where much more of the discounting is going to be. the maintenance-related costs are going up. we will take a look at that in a moment.

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.at some stocks hitting highs as the s&p 500 tops 4500. a number of tech stocks hitting a 52-week high including apple, microsoft and nvidia. apple overtook microsoft and market cap with growing optimism ai will spur a rebound in revenue growth. let's also talk about oracle at the bottom hitting a record high after reporting better-than-expected bookings and announcing partnership deals with google cloud as well as one with microsoft and openai. oracle shares up a most 10% on the day. the s&p 500 is higher more than 1% even more so if you look at the nasdaq 100 with big tech leading the charge. the bulk of news on the cpi front, cpi coming in flat on a monthly basis in may. now coming up, ross gerber joins bloomberg technology next. that does it for bloomberg markets. i'm katie greifeld, and this is bloomberg. ♪ 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, p

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.me back to "bloomberg technology." broadly speaking, u.s. equities are higher. a big part of that story is nvidia, now up 5% in this session. is the rebound from that technical correction, three straight days of declines exceeding 10%? until now, there's no real news flow around nvidia. this is about some serious gains. it was about a 43% jump from may 22 when nvidia reported earnings, and the conversation around how hard it is to predict sales growth. you are jumping from h100 to h200. blackwell will ship at the end of the year. the street is saying we can't keep up with management forecast, what's going on? look at bitcoin. trade at 24.7. we focused on it big time in yesterday's show, but we're back nearer to 62,000 per token, noting that there's been pretty stunted outflows from dedicated bitcoin spot e.t.f.'s. i want to linger on this for a moment. etch is a young a.i. chip company making a big bet on a.i. they spent the past two years building the world's first specialized a.i. ch