>> FROM THE HEART OF HER
INNOVATION, MONEY AND POWER COLLIDE, THIS IS BLOOMBERG
TECHNOLOGY WITH CAROLINE HYDE AND ED LUDLOW. ED:
I'M ED LUDLOW IN SAN FRANCISCO. THIS IS BLOOMBERG TECHNOLOGY.
FROM AI TO ANTITRUST AND GEOPOLITICS GET THE FULL READ
ON THE TECH SECTOR WITH DEBBIE FISCH OF JANUS HENDERSON.
WE HONE IN ON SOME CORPORATE NEWS AS ALIBABA PULLS OFF ITS
PLANNED IPO WHICH COULD RAISE MORE THAN $1 BILLION.
WE GET THE READ FROM INSIDE THE C-SUITE.
WE ARE BORN -- JOINED BY DANNY GARCIA.
BUT FI
RST WE WANT TO BRING YOU SOME IMPORTANT UPDATES ON THE
SEARCH AND RESCUE MISSION UNDERWAY IN BALTIMORE AFTER THE
FRANCIS SCOTT KEY BRIDGE COLLAPSED EARLY THIS MORNING
WHEN A CARGO SHIP STRUCK THE MAJOR TRANSPORTATION ROUTES.
THIS IS A LIVE FEED OF THE PATAPSCO RIVER AND THE WRECKAGE
FROM THAT CRASH. SEARCH AND RESCUE IS THE
PRIMARY FOCUS IN BALTIMORE. THERE ARE ALSO MAJOR
IMPLICATIONS FOR GLOBAL TRADE AS THE PORT OF BALTIMORE IS THE
LARGEST HANDLER OF U.S. IMPORTS AND EXPORTS OF CARS AND
LIGHT T
RUCKS. THE FAA HAS CURRENTLY
RESTRICTED DRONE FLIGHTS NEAR TO THE BRIDGE. U.S.
HOMELAND SECURITY SECRETARY ALLIE HUNDRED MAYORKAS SAID IN
A POST THAT THE COAST GUARD IS ON THE SCENE AND IS ACTIVELY
INVOLVED IN THE SEARCH AND RESCUE MISSION.
WE ARE EXPECTING TO HEAR FROM PRESIDENT BIDEN LATER TODAY AND
WE WILL BRING YOU UPDATES ON SITUATION IN BALTIMORE
THROUGHOUT THIS HOUR. STICKING WITH WHAT'S HAPPENING. THE NASDAQ 100 WE ARE COMING OF
THE BEST WEEK OF THE YEAR SO FAR. WE WILL HAVE A CONVERSATI
ON
ABOUT NVIDIA. WHEN YOU'RE A TRUE ASH TO
TRILLION DOLLAR MARKET CAP COMPANY TO PAY ATTENTION TO
THAT. YIELDS CREEPING HIGHER. AND BITCOIN IS STAYING ABOVE
70,000 U.S. DOLLARS PER TOKEN. THERE WAS A BIG MOVE JUST
BEFORE THE SHOW A HIGHER TORT THOUSAND U.S. DOLLARS.
THAT MARKETS PICTURES KIND OF A WAIT AND SEE MOMENT BECAUSE ALL
THE FED SPEAK DUE TO COME IN THE COMING WEEKS.
LET'S GET BACK TO BALTIMORE AND STICK WITH THE COLLAPSE OF
BALTIMORE SKI BRIDGE. BECAUSE AS WE HAVE STRETCHED
WHILE SMALL
IN THE COMPLEX OF U.S.
PORTS IT'S THE BIGGEST HANDLER -- IN THE LAST HOUR WE SPOKE TO
THE CFO OF FORD AND GOT HIS REAL-TIME REACTION TO THE
BROADER IMPLICATIONS OF WHAT HAPPENED. >> IT'S A LARGE PART WITH A LOT
OF FOLLOW-THROUGH. IT WILL HAVE AN IMPACT.
AT THIS POINT WE WILL HAVE TO UNDERSTAND WHAT IT MEANS FOR US
SPECIFICALLY. WE WILL WORK ON THE WORKAROUNDS
THAT HAVE TO DIVERT PARTS TO OTHER PORTS ALONG THE EAST
COAST OR ELSEWHERE IN THE COUNTRY.
THEY PROBABLY LENGTHEN THE SUPPLY CHAIN A BIT.
>> IT'S A DEVELOPING SITUATION
TALKING ABOUT HAVING TO DIVERT PARTS TO OTHER PORTS ON THE
EAST COAST. HOW SERIOUS IS THIS? WHAT IS THE IMPACTED THE SUPPLY
CHAIN AND ECONOMIES. LET'S BRING IN THE PORTFOLIO
MANAGER AT JANUS HENDERSON INVESTOR.
YOU WAKE UP TO NEWS LIKE THIS IS A MONEY MANAGER HOW DO YOU
FEEL ABOUT IT? >> IT IS A TRAGEDY OF COURSE.
YOU HOPE THE PEOPLE THAT ARE UNACCOUNTED FOR OUR BROUGHT
BACK SAFELY. BUT FROM AN ECONOMIC STANDPOINT
IT IS TOO EARLY TO TELL. IT IS NOTHING LIKE WE FACE
D
DURING COVID WHEN WE HAD SEVERE SHORTAGES OF COMPONENTS
THROUGHOUT THE ENTIRE AUTOMOTIVE SUPPLY CHAIN.
WE CAN GET THE PARTS HERE THROUGH OTHER PORTS IT JUST MAY
TAKE A BIT OF TIME AND MIGHT BE MORE EXPENSIVE.
BUT THAT'S HOW WE THINK ABOUT IT. BUT NOT A MATERIAL IMPACT TO
THE TECH ECOSYSTEM. ED:
I REMEMBER SO MANY DAYS SPENT TO THE PORT OF LOS ANGELES DAYS
AND WEEKS DOWN THERE PART OF THAT STORY WAS INFLATION.
WE ARE TRYING TO TIE TOGETHER WHAT'S HAPPENING WITH THE TECH
SECTOR. HOW CLOSELY ARE
YOU WAITING ON
THE FED AND HOW NERVOUS ARE YOU EACH DAY.
I KNOW YOU'RE NOT A VERY NERVOUS PERSON ABOUT INFLATION
AND WHEN THE FEDS COULD PULL THE TRIGGER. DENNY:
WHAT'S HAPPENED WITH INFLATION IS IT'S COME DOWN A LOT.
THERE STILL SOME STICKY ELEMENTS TO IT AND MAYBE WE DO
NOT GET AS MANY CUTS FROM THE FED AS WE THOUGHT WE MIGHT.
TOWARDS THE END OF LAST YEAR BUT NONETHELESS THE DIRECTION
OF TRAVEL, THE FED WILL START TO EASE AT SOME POINT.
IF THAT PACE OF MONEY NOT BEING AS AGGRESSIVE AS ONE MIGH
T
EXPECT A COUPLE MONTHS AGO. THAT'S GOOD FOR STIMULATING THE
ECONOMY. ED: WE ARE HERE TO TALK ABOUT
TECHNOLOGY AND WE CANNOT DO THAT WITHOUT SPEAKING ABOUT
NVIDIA. IT'S AN IMPORTANT NAME FOR YOU
AND YOUR FUND. A BRILLIANT STORY ON THE
BLOOMBERG, NVIDIA TRADERS FIND REASONS TO WORRY BE SKYHIGH
STOCK PRICE. I -- A GAIN IN THE PRICE IS
SOMETHING YOU'VE REACTED TO. THE LOGIC OUTLINED IN THE STORY
IS A LOT OF POTENTIAL GAINS FROM NVIDIA FEEL GOOD.
IT'S BEEN BROUGHT FORWARD AND HAPPEN IN A CONDENSED
SPACE AND
TIME. GIVE ME YOUR THESIS. DENNY:
IF WE LOOK BACK TO LAST YEAR IT WAS SOMETHING SIMILAR.
MOST OF THE GAIN FROM THE STOCK CAME IN THE FIRST HALF OF THE
YEAR PARTICULARLY DUE TO DUST BEFORE IT BECAME KNOWN HOW BIG
OF A SUPPLY AND DEMAND IN BALANCE WE HAD FOR GP USE.
YOU COULD ARGUE THIS YEAR MAY BE THE SAME THING IS HAPPENED.
THE STOCK PUT ON A TRILLION DOLLARS OF MARKET CAP SINCE THE
BEGINNING OF THE YEAR IT'S PRETTY MUCH UNPRECEDENTED.
WHAT IS IMPORTANT ABOUT IT AND THIS IS WHAT MAKES
IT HARD FROM
AN INVESTOR STANDPOINT IS THE REASON THE STOCK HAS GONE UP SO
MUCH IS BECAUSE EARNINGS HAVE GONE UP SO MUCH.
IF WE GO BACK 18 MONTHS AGO I THINK THE STREET THOUGHT NVIDIA
MIGHT TURN SOMEWHERE AROUND FIVE DOLLARS A SHARE THIS YEAR
AND THAT'S PROBABLY GOOD TO BE CLOSER TO $25 SO THE STOCK IF
YOU LOOK AT THE EARNINGS MULTIPLE 2025 IT'S ACTUALLY
STILL QUITE REASONABLE BUT WE COULD ARGUE WHAT MIGHT HAPPEN
AS SUPPLY AND DEMAND COMES INTO BALANCE.
NONETHELESS THE DEMAND PROFILE THERE REMAI
NS UNPRECEDENTED IN
THE EVALUATION REMAINS REASONABLE. ED:
SOME ANIMATION OF BLACKWELL HOW BIG OF A MOMENT WAS THAT FOR
YOU? DENNY: IT'S A CONTINUATION OF HOW
NVIDIA HAS BEEN INNOVATING OVER THE LAST SEVERAL YEARS AND
IMPORTANTLY A COUPLE OF THINGS IT REALLY FOCUSES ON
PRICE-PERFORMANCE AND POWER CONSUMPTION WHICH ARE TWO BIG
ISSUES FOR GP USE. IT DOESN'T GET AS MUCH
ATTENTION BUT IT'S PROBABLY THE SINGLE BIGGEST CONSTRAINT TO
DEPLOYING INFERENCE ACROSS THE GLOBAL ECONOMY BECAUSE OF THE
INABILIT
Y TO GET ENOUGH POWER INTO THESE DATA CENTERS.
THERE'S A LOT THAT COMES ALONG WITH THAT.
THE OTHER THING IS BLACKWELL WILL BE LESS EXPENSIVE. SO THAT SHOWS YOU NVIDIA'S
CONFIDENCE THAT THE VISIBILITY THEY HAVE INTO DEMAND THAT THEY
CAN ACTUALLY START LOWERING THE PRICE DESPITE THEIR EFFECTIVELY
BEING NO ELASTICITY. >> I WAS IN THE ROOM FOR 90
MINUTES AND HE BASICALLY SAID STARTING THIS YEAR THE DATA
CENTER BUSINESS IS $250 BILLION PER ANNUM BUT HE WAS TALKING
ABOUT GROWTH RATES OF 20% TO 25%.
WH
AT'S NOT CLEAR IS THE TIPPING POINT FROM WHERE THE MAJORITY
OF THAT IS TRAINING TO INFERENCE BECAUSE I DON'T THINK
NVIDIA HAS TALKED MUCH ABOUT. AND CAME OUT ABOUT THE STORY.
HOW MUCH DID YOU BUY I GUESS THE SOFT GUIDANCE THAT HE WAS
GIVEN. >> IT SEEMS REASONABLE.
ON THEIR LAST CALL IF I REMEMBER CORRECTLY THEY TALK
ABOUT INFERENCE NOW THAT HAS CROSSED OVER HALF OF WORKLOADS
RELATIVE TO TRAINING. AND NEEDS TO TALK ABOUT
INFERENCE BECAUSE NVIDIA HAS ONE THE TRAINING MARKET.
THE NEXT PRIZES INFERE
NCE. THAT'S GOING TO BE MULTIPLES OF
THE MARKET OPPORTUNITY THE TRAINING IS BECAUSE THIS IS
HARD TO DEPLOY. IT'S LIKE DEVELOPING SOMETHING
AND PUTTING IT INTO PRODUCTION THAT'S WHAT'S GOING ON WITH AI
WORKLOADS NOW. SO THAT SHOULD CONTINUE TO BE A
REALLY HEALTHY TAILWIND FOR THE ECOSYSTEM AS A WHOLE. >> THE OTHER DATA POINT I WAS
WATCHING WAS CHINA'S IPHONE SHIPMENTS FELL 33% IN FEBRUARY.
A NAME YOU HAVE A SMALLER POSITION IN.
LET'S FOCUS ON CORPORATE APPLE AND CHINA.
IS THAT A DATA POINT THAT W
ORRIES YOU. >> IT IS NOT SURPRISING AND
IT'S NOT SURPRISING BECAUSE OVER THE LAST YEAR YOU'VE SEEN
CHINA ACTUALLY RETALIATE SOMEWHAT TO THE RESTRICTIONS WE
PLACED ON THEM FOR ALL OF OUR MOST VALUABLE INTELLECTUAL
PROPERTIES. >> THERE'S THE REPORTING FROM
BLOOMBERG THAT THE CHINESE GOVERNMENT WAS BASICALLY TRYING
TO GET ANY SERVER DESIGNS TO USE DOMESTIC SEMI'S GOING
FORWARD. DENNY: THAT'S EXACTLY RIGHT.
THEY'RE TRYING TO FIND WAYS WHERE THEY CAN ACTUALLY EXERT
SOME POWER AND SOME MARKET INFLUENC
E.
THAT IS TOUGHER APPLE BECAUSE THEY ARE SAYING NO STATE OWNED
ENTERPRISES, THEY ARE STARTING TO EXTEND THAT.
IT IS INCREMENTAL DEMAND LOSS ON ONE OF THE MOST IMPORTANT
MARKETS FOR APPLE. INDIA IS STARTING TO TAKE THE
BATON AND GROW FASTER. THEY DON'T HAVE THE PURCHASING
POWER THAT YOU HAVE IN CHINA. NOT NEARLY AS MATURE BUT THAT
SHOULD HELP OUT. CHINA IS A TOUGH MARKET FOR
APPLE AND THEY ARE INEXTRICABLY TIED BECAUSE OF THE SUPPLY
CHAIN AS WELL. YOU CAN EVEN REPLICATE THEIR
SUPPLY CHAIN. ED: A
PPLE ONLY DOWN 10% ON THE NEWS.
THIS LAST WEEK HAS BEEN FASCINATING.
WE TALKED ABOUT IT ON THE SHOW IN THE CONTEXT OF ANTITRUST.
DOJ SUED BUT ALSO WHAT CAME OUT OF THE DMA PROBE. FOR THE FIRST TIME I'M THINKING
BACK TO LAST THURSDAY WITH THE STOCK FALLING ON THE DOJ SUIT.
INVESTORS SEEM TO BE SAYING THERE IS A REAL ANTITRUST
PROBLEM OR RISK TO THE STOCK HERE.
IS THAT A CONCERN YOU SHARE? >> FOR A COUPLE OF REASONS.
IT'S NOT JUST THE SUIT THE DOJ BROUGHT AGAINST APPLE.
I KNOW THE STOCK REACTED TO
THAT OR THE DIGITAL MARKET CASE
IN EUROPE. BUT IT'S ALSO THE GOOGLE CASE
ON SEARCH. GOOGLE PAYS SUMMER BETWEEN 20
AND 25 BILLION DOLLARS A YEAR TO APPLE PAY THAT IS 100% GROSS
PROFIT. IT'S NO SURPRISE THEY POTENTIALLY ARE DOING THAT. >> IT GETS A LOT OF PRAISE ON
THIS BOTTOM-LINE MANAGEMENT AS WELL. DENNY:
YOU HAVE TO LOOK AT IT FROM BOTH ANGLES.
THAT COULD BE BAD FOR APPLE AND IT COULD BE GOOD FOR GOOGLE
BECAUSE THEY DON'T PAY AS MUCH FOR THAT PLACEMENT ON THE
IPHONE. BUT FOR THE FIRST TIME WH
AT YOU
ARE SEEING IS THE DOJ AFTER IT, IT'S ALL RIGHT TO
HAVE A MONOPOLY. IT'S NOT ALL RIGHT TO EXERCISE
AND ABUSE OF POWER WITHOUT A MONOPOLY AND THAT'S WHAT THE
GOVERNMENT IS SAYING. WHAT'S INTERESTING ABOUT IT IS
AS A CONSUMER YOU ACTUALLY OPT INTO THAT MONOPOLY IF YOU BUY
AN IPHONE. IN SOME WAYS YOU COULD ARGUE
APPLE'S CASE ON THAT SIDE OF THE LEDGER IS PRETTY STRONG
VERSUS COMPARED THAT TO THE GOOGLE CASE WHERE ITS DEFAULT
ON AN ANDROID DEVICE, AND THEY ARE FORCING YOU INTO THE GOOGLE
PLAY
STORE, THAT DOES NOT SEEM AS VALID AS WHAT APPLE SHOULD
BE ABLE TO DO GIVEN WHAT IT'S PROVIDED TO CONSUMERS AND THE
BENEFIT THEY GET. >> WHETHER IT'S A SUITS OF THE
REGULATORY ACTION. YOU CAN GO ELSEWHERE IF YOU
WANT. YOU ARE ABLE TO DISCUSS SO MANY
CORNERS OF THIS TECHNOLOGY MARKET.
WE LOVE HAVING YOU ON THE MARKET.
COMING UP, ALIBABA PULLS ITS PLANNED IPO FOR ITS LOGISTICS
ARM. WE WILL BRING YOU THOSE DETAILS
NEXT. A BIT FLAT ON THE U.S. ADRS OF ALIBABA.
THIS IS BLOOMBERG TECHNOLOGY. ED:
ALIB
ABA CALLING OFF AN INITIAL PUBLIC OFFERING. LOGISTICS ARE MUCH-ANTICIPATED
DAY THE COULD'VE RAISED MORE. THE BIG QUESTION IS WHY THEY
PULLED THE IPO. >> AS THE STOCK WANED THE
COMPANY LOST INTEREST. THE HONG KONG AND CHINESE STOCK MARKET
AREN'T DOING SO WELL BUT WE HAVE NO INDICATION THIS GOES
ELSEWHERE. IT DOESN'T MEAN ALIBABA WON'T
BE PROVIDING THESE IPOS. THEY FILED HER PAPERWORK IN
SEPTEMBER AND CHOSE AND WHICH THEY HAD TO UPDATE IT.
INSTEAD THEY ARE GOING TO BUY UP ALL THE REMAINING STOCK H
ELD
FOR $3.75 BILLION. OF COURSE WE HAVE ALIBABA
CHAIRMAN SAYING THIS IS AN APPROPRIATE TIME TO DOUBLE DOWN
ON THEIR INVESTMENT. FOR NOW THEY HAVE AROUND A 64%
STAKE. AFTER THAT IT WILL BE 100%. >> THERE'S BEEN SOME
INCONSISTENCY ON WHAT IS AND IS NOT HAPPENING WITH THE SPINNING
OFF OF VARIOUS LISTINGS. NOW IT IS IMPORTANT IS THE
LOGISTICS ARM. MARKET CONDITIONS ARE ONE THING
BUT HOW SURPRISING IS IT OF A U-TURN ON A DECISION FROM MAJOR
FINANCIAL TRANSACTIONS? >> THIS ISN'T THE FIRST HIGH
PROFIL
E IPO, THEY ALSO IN 2023 HALTED THEIR IPO THEIR CLOUD
ARM AND HELD THE GROCERY UNIT WHICH IS FRESH.
THIS IS THE THIRD WE WILL BE TALKING ABOUT.
IT'S REAL INTERESTING BECAUSE LAST YEAR EVERYONE MADE A BIG
DEAL ABOUT THE HISTORIC SHAKEUP OF ALIBABA.
THE COMPANY CAME OUT AND SAID WE ARE GOING TO BREAK UP INTO
SIX. WE HAVEN'T SEEN ANY OF THAT.
WE HAD BLOOMBERG INTELLIGENT SAYING INSTEAD OF SEEING THIS
PLAY OUT WE ARE SEEING A RETRACTION.
WE DON'T KNOW HOW THIS WILL PLAY OUT IN THE FUTURE.
A LOT OF P
EOPLE ARE LOOKING TO THIS AS A BLUEPRINT BECAUSE
ALIBABA IS OFTEN SEEN AS A BAROMETER OF THE CHINESE
ECONOMY. THEY WERE LIKE WE WILL SEE IF
THIS WILL WORK OUT BUT FOR NOW NO SIGNS YET. ED:
THANK YOU VERY MUCH. STICKING WITH CORPORATE NEWS WE
WORK COFOUNDER AND FINANCING PARTNERS SUBMITTED AN OFFER TO
BUY THE BANKRUPT COMPANY FOR MORE THAN $500 MILLION
ACCORDING TO A REPRESENTATIVE FOR HIS REAL ESTATE COMPANY.
MAX CHAFKIN JOINS ME WITH THE DETAILS. ADAM NEUMANN TRYING TO BUY WE
WORK FOR 500 MILLI
ON U.S. DOLLARS. EXPLAIN. >> ADAM NEUMANN FORMER CEO OF
WE WORK, LEFT THE COMPANY AFTER TAKING IT TO DIZZYING HEIGHTS.
EVALUATION THOUGHT TO BE CLOSE TO 50 BILLION AT ONE POINT NOW
THE COMPANY IS BANKRUPT. ADAM NEUMANN VERY GOOD
SALESPERSON HAS A LOT OF RESPECT FROM SOME INVESTORS IN
SILICON VALLEY. WILLING TO LOOK PAST SOME OF
THE MISSTEPS. VERY INVESTED IN THIS SPIRITUAL
IDEA OF WE WORK. IT'S SAYING WE ARE BACK. ED:
MY GOODNESS. IT DID SO WITH $19 BILLION OF
LIABILITY. I THINK THERE ARE MANY
Q
UESTIONS MANY MORE THAN ANSWERS RIGHT NOW.
DO WE HAVE A SENSE OF HOW ADAM NEUMANN IS GOING TO FINANCE
THIS, HIS PLAN FOR WE WORK VERSION 2.0, WHATEVER VERSION
IT IS NOW. >> I THINK THERE ARE BASICALLY
TWO OPTIONS. THE CORE OF THEIR BUSINESS WAS
PRETTY STRAIGHTFORWARD. FINDING OFFICES, SIGNING LEASES
AND DIVIDING THEM UP AND RESELLING THEM.
PART OF WHAT HAPPENED HERE IS THEY EXPANDED TO QUICKLY.
ADAM NEUMANN WAS LIKE A MASTER OF HYPE AND GOT AHEAD OF HIS
SKIS. THERE'S A VERSION OF THIS WHERE
THE
BANKRUPTCY PROCEEDING TO RENEGOTIATE THESE LEASES TO GET
THE COSTS BACK IN CONTROL AND YOU HAVE A SMALLER BUT SENSIBLE
BUSINESS. THE OTHER OPTION WHICH I HAVE
TO THINK IS A POSSIBILITY GIVEN WHAT WE ARE TALKING ABOUT IS
RESTART THE HYPE TRAIN. ADAM NEUMANN STARTED THIS OTHER
COMPANY WITH BACKING, THEY'VE STILL -- THEY THINK IS A GREAT
ENTREPRENEUR. SO YOU COULD IMAGINE SOME SORT
OF EFFORT TO SORT OF DO THIS THING ALL OVER AGAIN AFTER ONE
EXPECTS RENEGOTIATING TRYING TO GET THE COSTS UNDER CONTRO
L. >> ADAM NEUMANN'S FIVE AND A
MILLION-DOLLAR BID TO BUY BACK WE WORK. COMING UP WE WILL CHAT WITH TOM
WALKER ABOUT THE LAUNCH OF WHAT IT'S CALLING DRONE UP ECOSYSTEM.
IN THE AIR, ON THE GROUND AND IN THE COMPUTER.
THIS IS BLOOMBERG TECHNOLOGY. ED: DRONE UP REEF THINKING
DELIVERY. UNVEILING WHAT HE CALLS
ECOSYSTEM INDICATING GROUND, AIR AND SOFTWARE PRODUCTS INTO
A SINGLE PLATFORM. JOINING ME WITH MORE IS THE
DRONE UP CEO. WHERE I WANT TO START IS WHY GO
BEYOND JUST BEING A DRONE COMPANY.
WHY'D
YOU NEED TO MAKE A SYSTEM AND TECHNOLOGY THAT SAYS HERE
IS THE ALL-ENCOMPASSING LAST MILE DRONE PACKAGE. >> FURLONG LEADERS HAVE
INSISTED THAT DRONES WERE THE ANSWER TO THE LAST PROBLEM.
WE REALLY HAVEN'T ATTACKED IT CORRECTLY.
WE TRIED TO FIX IT USING DRONES WHICH IS LIKE A TRANSPORTATION,
TRYING TO FIX IT BY GETTING A BETTER TRUCK.
IN ORDER TO BE ABLE TO LOWER COSTS YOU HAVE TO DECREASE
LABOR, YOU HAVE TO PROVIDE A WAY THAT RETAILERS CAN GET THE
PRODUCT ONTO THE DRONES QUICKLY AND EFFICIENTLY
AND ALSO BE
ABLE TO DELIVER TO THOSE 100 MILLION PLUS AMERICANS WHO
DON'T LIVE IN SINGLE-FAMILY HOMES. >> WE ARE SHOWING VIDEO OF HOW
THE SYSTEM WORKS. YOU LOAD YOUR PACKAGE INTO THE
GROUND UNIT, OF THE DRONE LANDS, THE PACKAGE IS RAISED UP
AND ATTACHED TO THE DRONE. IT SEEMS SIMPLE.
WHO'S GOOD TO BE USING THIS. DO YOU HAVE ANY SIGNED UP
CUSTOMERS? >> WE DO.
WHAT WE'VE DONE IS WE WILL ALLOW THEM TO HAVE THE MOMENT
WE WILL BE ROLLING BOTH THIS AND OUR NEXT GENERATION DRONE
OUT IN THE NEXT QUARTE
R WE WILL BE WITH SOME TOP RETAILERS.
I WOULD SAY STANDBY FOR THE ANNOUNCEMENT. IT'S A BIG LEAP FORWARD TO THEM.
IT'S COMING NEXT QUARTER. >> TOM I'M SURE OUR BLOOMBERG
TECHNOLOGY AUDIENCE WOULDN'T MIND YOU SHARING THOSE NAMES.
PARTICULAR THE QA -- QR SIDE. ABOUT WHAT WALMART WAS DOING. THAT IS A SMALL SCALE PILOT. CONVINCE ME IN THE AUDIENCE AT
SCALE. >> OUR TECHNOLOGY IS INTEGRATED
FROM OUR AIRSPACE MANAGEMENT BUT MANAGES THE AIRSPACE,
POWERED BEHIND IT IS A VERY SOPHISTICATED LOGISTICS SYSTEM
THAT ENSURES WE GET THE PACKAGE YOU WANT WHEN YOU WANT IT.
EACH OF THE UNITS, THE TECHNOLOGY WE CREATED IT'S LIKE
AN INTERNET OF THINGS. IT'S SMALLER THAN A PARKING
SPACE, IT POWERS ON WITHIN 15 MINUTES IT'S PART OF THE
ECOSYSTEM SO DRONES MOVE THROUGH THE ECOSYSTEM
AUTONOMOUSLY. AND DECREASE DEMANDS IN THOSE
AREAS. 74% OF THE COSTS OF LABOR.
THIS SYSTEM ESSENTIALLY ELIMINATES THAT LABOR ON THE
PICKUP SIDE AND THE DELIVERY SIDE.
SO IF YOU'RE GOING TO BRING THOSE COSTS DOWN YOU HAVE TO
START BY
ELIMINATING LABOR. IN THIS CONFIGURATION YOU'RE
SEEING JUST ONE. IT CAN BE INTEGRATED WITH THE
FULFILLMENT SYSTEM. IT WILL SCALE VERY QUICKLY
BECAUSE IT CREATES A MORE AFFORDABLE APPROACH. ED:
COME BACK WHEN YOU ARE READY TO ANNOUNCE THOSE CUSTOMERS.
THANK YOU. COMING, STARLINK'S EFFECTIVENESS IS MAKING THE
SATELLITE INTERNET SERVICE AT TARGET FOR A GROWING
BLACK-MARKET TRADE. ED: WELCOME BACK TO BLOOMBERG
TECHNOLOGY. TODAY'S BLOOMBERG BIG TAKE.
ELON MUSK STARLINK TERMINALS HAVE HIT THE BLACK MA
RKET. A BLOOMBERG NEWS INVESTIGATION
HAS IDENTIFIED KITS BEING TRADED AND ACTIVATED ILLEGALLY
HERE IS THE BLOOMBERG SPACE EDITOR ERIC JOHNSON. THE BIG TAKE IN THE
INVESTIGATION IDENTIFIES A NUMBER OF COUNTRIES.
MANY OF THEM AREAS OF CONFLICT WHERE THIS IS HAPPENING.
ILLEGALLY OBTAINED STARLINK GROUND RECEIVER.
BRING US THE DETAILS. >> STARLINK'S GROWTH HAS MADE
IT AN INVALUABLE RESOURCE FOR REGULAR PEOPLE, MYSELF AND
OTHERS WHO JUST NEED HIGH-SPEED INTERNET BUT IT'S ALSO IN ITS
WIDESPREAD AVAILA
BILITY, IT'S FALLEN INTO THE HANDS OF THE
WAR-TORN REGIONS WHERE THERE NO OPERATIONS AGREEMENT BETWEEN
THE COMPANIES AND THE GOVERNMENT THERE.
ALSO IN PLACES WHERE UNDER U.S. SANCTIONS.
AND OTHER NICHE -- OTHER NATIONS. >> SPACEX DID NOT RESPOND AND
OF COURSE THEY WERE INVITED. TO DISCUSS IT.
THEY DID SAY BACK IN FEBRUARY WERE THEY TO OBTAIN ANY
KNOWLEDGE THAT A STARLINK TERMINAL USED BY AN
UNAUTHORIZED PARTY THAT THEY INVESTIGATE THE CLAIM AND TAKE
ACTIONS TO DEACTIVATE THE TERMINAL.
DO WE HAVE
A SENSE OF HOW PERVASIVE IT IS.
THIS SCALE OF WHICH THE ILLEGAL USES HAPPENING.
IS IT LIMITED TO SPECIFIC CASE STUDIES IN THOSE COUNTRIES?
ERIC: THAT WAS THE MOST FASCINATING
REVELATION FOR US IS HOW WIDESPREAD IT IS.
IT'S BEING USED AROUND THE WORLD. SPACE AND MUSKA SAID THE CASE WAS BROUGHT INTO --
WHENEVER ONE OF THE TERMINALS IS ACT -- ACTIVATED. IT RAISES QUESTIONS ABOUT HOW
EFFECTIVE THEY ARE AT THIS. HIS ALLEGIANCES ARE HARD TO
ASCERTAIN. IT RAISES QUESTIONS ABOUT WHO
HAS THE POWER TO DO
THIS IN WHAT AUTHORITIES ARE GOING TO
GET INVOLVED WHETHER IT'S THE U.S.
GOVERNMENT, LOCAL AUTHORITIES ON THE GROUND IN THESE PLACES
SUCH AS YEMEN, SUDAN. THERE'S BEEN UNCONFIRMED
REPORTS OF SOLDIERS IN RUSSIA USING IT.
WHICH IS OF COURSE UNDER U.S. SANCTIONS. TO YOUR POINT THIS IS A
WIDESPREAD PROBLEM AND IT MAKES STARLINK INTO THIS GEOPOLITICAL
WILDCARD WITH VERY UNCERTAIN USE AROUND THE WORLD. ED:
IT'S ALSO BECOMING AN INCREASINGLY IMPORTANT PART OF
THE SPACE X MODEL. I'VE DONE SOME REPORTIN
G WHICH
YOU'VE EDITED OVER THE LAST YEAR OR SO ABOUT THE GROWTH OF
THE STARLINK BUSINESS. JUST OUTLINING ON WHERE THE
GROWTH LAYS RIGHT NOW. FOR SPACE-BASED OR CONSOLATION
BASED. ERIC: STARLINK IS VITAL. MUSKA SAID THE LAUNCH BUSINESS
ITSELF IS CAPPED BUT IT COULD BE A $30 BILLION YEAR BUSINESS.
THE POINT WAS TO HAVE FINANCIAL UNDERPINNINGS IN GROWTH TO HELP
MUSKA ACHIEVE HIS LIFELONG DREAM OF GETTING TO MARS WITH
THE STARSHIP ROCKET. IT'S GROWTH -- >> THANK YOU FOR
SHARING WITH US THE BLOOMBERG
BIG TAKE. WE WANT TO HEAD OUT TO
WASHINGTON ON THE SEARCH AND RESCUE MISSION UNDERWAY IN
BALTIMORE. UNDER THE FRANCIS SCOTT KEY
BRIDGE COLLAPSED EARLY THIS MORNING AFTER A CARGO SHIP
STRUCK WHAT IS A MAJOR TRANSPORTATION ROUTES.
UNDER THE FRANCIS SCOTT KEY BRIDGE.
BLOOMBERG'S WENDY BENJAMINSON JOINS US FROM D.C.. WHAT DO WE KNOW OF THE SEARCH
AND THE U.S. GOVERNMENT RESPONSE? WENDY:
WE KNOW HERE IN WASHINGTON PRESIDENT BIDEN HAS BEEN
BRIEFED ON THIS AND HE IS EXPECTED TO SPEAK IN THIS HOUR
ABOU
T THE RESCUE EFFORTS. THEY ARE SENDING TO BALTIMORE
IN MARYLAND. TO GET THIS PORT OPEN AGAIN ED
MIGHT BE STUCK IN THE WATER. TRANSPORTATION SECTOR A PETE
BUTTIGIEG WILL ALSO COME TO THE AREA AND EXPECT -- INSPECT AND
SEE WHAT'S GOING ON. THIS IS A MAJOR DISRUPTION EVEN
IF THERE THANK GOODNESS SEEMS TO BE A SMALL LOSS OF LIFE. ED:
OUR THOUGHTS ARE WITH THOSE IMPACTED. MARYLAND'S GOVERNOR SEEMED TO
SUGGEST EARLIER THAT THIS WAS AN ACCIDENT. THIS IS AN IMPORTANT POOL IN
THE CONTEXT. IS THERE ANY SE
NSE HOW LONG IT
WILL BE DISRUPTIVE. WENDY:
IT COULD LAST MONTHS WHICH SEEMS TO MAKE SENSE.
THIS IS A MASSIVE BRIDGE THE JUST BROKE APART.
IT IS GOING TO BE A TREMENDOUS IMPACT.
THERE ARE SHIPS ALREADY WAITING ON THE INLAND SIDE OF THAT
BRIDGE THAT ARE WAITING TO GO OUT. THEIR DISTRIBUTION ON THE
BRIDGE. FEDEX, HOME DEPOT, MAJOR
COMPANIES THE PEOPLE ORDER THINGS FROM.
ALSO TRUCKS USE THAT BRIDGE. IF THEY'RE CARRYING ANY
HAZARDOUS CARGO. BECAUSE THEY CAN GO IN THE
TUNNEL UNDER THAT BAY YOU ARE SEE
ING. THERE ARE THOSE TRUCKS. WHICH RISKS OBVIOUSLY FURTHER
ACCIDENTS. THIS IS CAN IT TAKE MONTHS.
TO SORT OUT THE SCOPE OF THE PROBLEM. >> KEY UPDATES FROM THE FRANCIS
SCOTT KEY BRIDGE WHICH COLLAPSED EARLIER THIS MORNING.
WENDY, THANK YOU FOR YOUR REPORTING.
WE WILL KEEP YOU POSTED. THIS IS BLOOMBERG TECHNOLOGY. FINK LIVE ON TV AND RADIO.
THIS IS BLOOMBERG. SUNSHINE, A STARTUP THAT HELPS
USERS AUTOMATE MUNDANE TASKS LAUNCHING A NEW AI PRODUCT.
PRODUCT INCLUDES TO COMPLEMENT TREE FEATURES A PHOT
O SHARING
APP AND AN EVENTS WEBSITE INDIVIDUALLY. JOINING US NOW WITH THE AI
STORY HERE. IT'S ABLE TO -- THIS PHOTO IS
OF -- SHARE WORTHY. HOW DO THEY KNOW WHAT IS OR IS
NOT SHAREWARE THE. >> THE CURRENT OF AI IS VERY
ADVANCED. WE CAN LOOK AT WHERE THEY WERE
TAKEN WHOSE IN THE PHOTOS AND WHAT'S IN THE PHOTOS. ALL OF THOSE SIGNALS TELL US
WHEN YOU MIGHT WANT TO SHARE IT WITH SOMEONE ELSE. ED:
YOU'VE BEEN IN THE TECHNOLOGY INDUSTRY A LONG TIME AND BUILT
COMPANIES. DID YOU DECIDE TO BUILD THE
UNDER
LYING MODELS FOR THIS YOURSELVES OR DID YOU WORK WITH
A THIRD-PARTY USING EITHER MLM'S OR OTHER MACHINE LEARNING
TECHNOLOGY FROM A PARTNER. >> WE DO USE SOME OF OUR OWN
TECHNOLOGY BUT ALSO RELY ON INCREDIBLE APIS PROVIDED BY
LARGE VENDORS IN THE SPACE. ED: WHAT I FIND INTERESTING ABOUT
SHEIN'S WHO THE TARGET AUDIENCE IS. WE TALK A LOT ABOUT HOW THE --
ABOUT THE CREATOR ENVIRONMENT AND INDUSTRY.
IS THAT PRINCIPALLY WHO YOU HAVE IN MIND OR ARE YOU
TARGETING A BROADER USER WHO MAY WANT TO SHARE PHO
TOS WITH
FAMILY OR FRIENDS OR WHATEVER IT MAY BE? >> THE REALITY IS PHOTO
SHARING, IT'S FOR CREATORS AND ALL CONSUMERS.
WE WERE THERE FOCUSED ON HOW DO WE HELP PEOPLE REMEMBER TO
SHARE THE PHOTO, JUST MAKE IT EASIER TO DO THAT. ALSO WE ARE WORKING WITH PEOPLE
WHO PUT THINGS TOGETHER. IN TERMS OF ORGANIZING PARTIES,
TRIPS, ETC.. OUR SUNSHINE.COM ALLOWS YOU TO
DO MORE FORMAL EVENTS. THE APP SHEIN, PARTIES TO
SIMPLE HANGUPS. ED: THAT BRINGS US TO THE EVENT
PORTION WE SPOKE ABOUT IN THE INTRO.
I HAV
E THE ABILITY TO RUN MY PHOTOS THROUGH THE AI, NOW
EXPLAIN THE EVENT PORTION TO ME AND HOW THEY WORK HAND-IN-HAND.
MARISSA: THE PHOTOS PORTION ESSENTIALLY
IS THOSE ALBUMS. THEY MIGHT BE IN FORMAL EVENTS BUT THEY CAN
ALSO BE FORMAL EVENTS. THE MOST IMPORTANT PHOTOS FOR
PEOPLE ARE TAKEN AT FORMAL EVENTS. PARTIES, CONFERENCES AND SO OUR
WEBSITE, IT ALLOWS THEM TO CREATE STUNNING INVITATIONS,
USING GENERATIVE AI. SO RSVPS AS WELL AS DIFFERENT
UPDATES BETWEEN HOST AND GUESTS IS EASY.
THE WAY THESE AR
E TOGETHER IS THE PHOTO SHARING IS BUILT-IN
FROM THE BEGINNING. ONCE YOU RSVP TO AN EVENT.
IT'S VERY EASY FOR YOU TO CONTRIBUTE.
AS WELL AS OTHER ATTENDEES. >> YOU ARE BUILDING AN AI
COMPANY WHERE WE JUST MICRO FOCUS ON AI AS AN INDUSTRY.
IN NOVEMBER YOU WERE VERY OPEN AND CRITICAL ABOUT WHAT
HAPPENED WITH OPENAI AND THAT THEN STRUCTURE ON SOCIAL MEDIA
FOR EXAMPLE. IT'S THE FIRST CHANCE, WHAT'S
YOUR ASSESSMENT IS A LONG-STANDING MEMBER OF THE
TECHNOLOGY INDUSTRY. THE BREACHING THE MAKEUP OF ITS
BOARD. >> OVERALL IT'S BEEN A GREAT
STEP FORWARD. THE OVERALL GOVERNANCE MODEL.
THERE ARE SOMETHING WE ARE FOCUSED ON. I THINK THE NEW BOARD THEY'VE
ASSEMBLED IS EXCELLENT AND IT SEEMS TO BE PROMISING IN TERMS
OF THE DIRECTION IT'S GOING. >> THERE WERE REPORTS THAT YOU
HAD BEEN APPROACHED OR SOUNDED OUT TO BE A MEMBER WHAT'S THAT
THE CASE. WOULD YOU BE INTERESTED IN
JOINING THAT BOARD? MARISSA: I ALREADY SERVE ON A FEW BOARDS
I'M EXCITED ABOUT. AND IN MY DAY TODAY, I'M
INTERESTED IN AI. BUT NOTH
ING TO REPORT. >> SUNSHINE COFOUNDER AND CEO
MARISSA MAYER. WE ARE JOINED BY DANNY GARCIA,
THE POWERHOUSE BEHIND SOME OF DWAYNE THE ROCK JOHNSON'S
BIGGEST BRANDS ON BUSINESS. THAT CONVERSATION COMING UP
NEXT, THIS IS BLOOMBERG TECHNOLOGY. >> FLORIDA GOVERNOR RON
DESANTIS ASSIGNED A LAW THAT WILL KEEP KIDS UNDER 14 AND
REQUIRE PARENTAL PERMISSION UP TO AGE 16.
THE LAW WHICH WILL TAKE EFFECT JANUARY 1 OVERHAULS IN EARLIER
PROPOSAL THAT WOULD'VE FROM HOLDING SOCIAL MEDIA ACCOUNTS. , DESANTIS VETOED
SAYING HE
WOULDN'T GIVE PARENTS ENOUGH CONTROL OVER DECISIONS ABOUT
THEIR CHILDREN. YOU ARE PROBABLY -- YOU
PROBABLY KNOW WHO DUANE -- DWAYNE "THE ROCK"
JOHNSON IS BUT DO YOU KNOW WHO'S BEHIND HIS MANY BRANDS
PER CHIEF PLAYED A KEY ROLE IN THE MERGER BETWEEN SETH AL AND
USFL, IT RESULTED IN PROFESSIONAL AMERICAN FOOTBALL
MINOR-LEAGUE BACKED BY REDBIRD, YOU FOUND TO BECOME THE FIRST
FEMALE SPORTS LEAGUE OWNER. DELIGHTED TO SAY JOINING US AS
THE WOMAN BEHIND IT ALL, IT'S AN INTERESTING WAY TO INT
RODUCE
SOMEONE. I WOULD ASK YOU INTRODUCE
YOURSELF, WHO IS DANY GARCIA TO THOSE WHO DON'T KNOW YOU? DANY:
YOU COVERED IT SO WELL. CHAIRWOMAN OF THE GARCIA
COMPANIES AND I'M FORTUNATE TO BE AN ENTREPRENEUR, A CEO,
FOUNDER, A CO-OWNER OF INCREDIBLE SPORTS LEAGUE AND I
THINK THE OVERARCHING THING IS I CONCERN MYSELF AND ATHLETE
FOR LIFE WHICH ALLOWS ME TO DO THINGS VERY POWERFULLY. >> ONE OF THE REASONS I WANTED
YOU TO COME ON IS WE ARE FAMILIAR WITH DWAYNE THE ROCK
JOHNSON. WE KNOW HIM AS AN MOVIE
STAR
BUT INCREASINGLY PEOPLE GOT FAMILIAR WITH HIS USE OF SOCIAL
MEDIA. MY KNOWLEDGE OF TEREMANA OR THE
SKINCARE RANGE SHE NOW HAS IS BECAUSE HE'S VERY ACTIVE ON
SOCIAL MEDIA. WHAT ROLE DO YOU PLAY IN THAT
STRATEGY AND MAKING SURE EACH OF THE COMPANIES ARE OUT THERE
ON THE SOCIALS. DANY:
DWAYNE AND SOCIAL MEDIA ARE SYNONYMOUS.
I OVERSEE HOW THE BRANDS ARE SHOWING UP AND HOW THE
CONNECTING WITH CONSUMERS AND THE AUDIENCE. OF DJ. SOCIAL MEDIA IS ALWAYS ONE OF
OUR IMPORTANT MEDIA OUTLETS. HE IS VE
RY INVOLVED AND VERY
DIRECT ON HOW HE SHOWS UP AND WHAT THAT TONE IS.
IT'S ALIGNED TO ALL THE OTHER COMPANIES. SO THERE'S A LOT OF INTERCONNECTIVITY MINE IS TO
MAKE SURE IT IS WORKING. ED: WOULD IT BE FAIR TO SAY HE
WOULD NOT OF HAD THE SUCCESS HE'S HAD AND YOU WOULD NOT HAVE
THE SUCCESS YOU HAD WITHOUT SOCIAL MEDIA? DANY:
I WOULD SAY IT IS VERY FAIR. HIS AFFINITY FOR SOCIAL MEDIA
AT THE BEGINNING AND THE INITIAL PARTS REALLY DOUBLING
DOWN ALLOWED THEM TO REACH A GLOBAL AUDIENCE AND SPEAK TO
THE
M DIRECTLY. HE IS A VERY TRANSPARENT
RELATIONSHIP AND THAT'S WHY HIS ACCOUNTS CONTINUE TO GROW.
BUT IT'S ABSENTLY HAD A MASSIVE IMPACT ON REACH.
AND MOST IMPORTANTLY ON CONDUCTIVITY. ED:
YOU ARE THE FIRST FEMALE SPORTS LEAGUE OWNER.
I WANTED TO SPEND SOME TIME ON THAT. IF YOU LOOK AT THE X FL AND THE
U.S.FL, THAT WOULDN'T HAVE HAPPENED IF EVERYTHING WAS
COMPLETELY ROSY. JUST GIVE ME THE BACK STORY. DANY:
WHEN PEOPLE ASK ABOUT IT, IF YOU START YOU WANT TO TAKE A
LOOK WHERE THE LEVERAGE POINTS. HO
W CAN I ACCELERATE WHAT I'M
DOING. THE X FL WHICH WE LAUNCHED, WE
HAD OUR FIRST SEASON THE USFL WAS HAVING ITS SECOND SEASON WE
MET ALL OF OUR MARKERS, WE WERE SUCCESSFUL AND HAPPY AND OUR
ENGAGEMENT, THE WAY OUR ATHLETES WERE PLAYING AND
SIMULTANEOUSLY THE USFL WAS MAKING GREAT GROUNDS. BUT OUR INTERESTS AND OUR
ABILITY TO SAY WHAT HAPPENS WHEN WE LEVERAGE THESE
POWERHOUSES OF OWNERSHIP IS WE ARE TALKING FOX, DISNEY, ESPN,
REDBIRD CAPITAL, ALL OF A SUDDEN WE CAN DO SO MUCH MORE.
ED: THIS IS BLO
OMBERG TECHNOLOGY
SHOW -- SO WE GO STRAIGHT TO THE STREAMING PART OF THIS
BUSINESS. THERE IS A TRADITIONAL BROADCAST COMPONENT I'M
WONDERING WHAT YOU ARE MOST EXCITED. >> FOR WHICH PORTION OF OUR
DISTRIBUTION? ED: IT'S GOOD TO BE INTERESTING
EXPERIMENT. DANY: IF YOU LOOK BACK AT OUR
HISTORY, I'M VERY EXCITED ABOUT HOW THE UFL NOT ONLY WITH OUR
TRADITIONAL BROADCAST PARTNERS AND CREATING CONTENT
SPECIFICALLY FOR ADDITIONAL PLATFORM.
IT ALLOWS US TO REALLY CONNECT WITH THE AUDIENCE.
LISTEN AND ENG
AGE AND BE INNOVATIVE AND NIMBLE.
TRUMAN'S AMOUNT OF OUR -- THAT HELPS US TO GROW OUR AUDIENCE
AND THE NEW MARKETS. IT'S VERY IMPORTANT. >> WHAT IS NEXT?
HOW MUCH CAPITAL DO YOU HAVE TO PLAY WITH. THE ALCOHOL, ASSAULT AND STRAW,
SKINCARE, SPORTS, WHAT IS THE NEXT FRONTIER. >> CONTINUE TO BE EXTREMELY
FOCUSED AND EXCITED ABOUT SPORTS.
THERE IS SOMETHING I'M DOING QUITE A BIT OF RESEARCH ON AND
SEE MYSELF LEANING HEAVILY IN THAT AREA. >> AT LEAST GIVE A SENSE. DANY: THE COMPANY IS GOING TO BE IN
S
PORTS. DO YOU WANT TO GET PARTICULAR
LIKE WHICH SPORTS BECAUSE I WON'T SHARE THAT YET.
I WILL GIVE YOU THIS EXAMPLE, THE 360 APPROACH WE HAVE BROUGHT TO THE USL -- UFL WOULD
BE A BLUEPRINT TO HOW I LOOK AT OTHER INVESTMENTS HAPPENING IN
SPORTS. IN ADDITION WE WILL CONTINUE TO
GROW SEVEN BUCKS PRODUCTION AND EXPAND THAT LEAK -- MEDIA SLATE
THAT'S EXTREMELY EXCITING. I WOULD SAY THE EMPHASIS THAT
REALLY FEELS WHERE I'M LOOKING. ED:
GARCIA COMPANY CEO, THANK YOU FOR BEING SO GENEROUS WITH YOUR
TIME
ON THE SHOW. GOOD TO HAVE YOU ON.
THAT DOES IT FOR THIS EDITION OF BLOOMBERG TECHNOLOGY.
WE ARE TWO DAYS INTO A VERY BUSY WEEK.
THERE'S A LOT HAPPENING IN THE NEWS FLOW.
RECAPPING EVERYTHING WE DISCUSSED.
SO MANY OF YOU DO THIS IN PODCAST FORMAT WHEREVER YOU
LIKE TO STREAM AND WE ARE PUBLISHING THE PODCAST ON THE
BLOOMBERG PLATFORMS AS WELL. AGAIN WHETHER IT'S ON LINKEDIN
OR X OR INSTAGRAM, WE APPRECIATE THE FEEDBACK.
CONTINUING TO MONITOR WHAT'S HAPPENING IN BALTIMORE AND
LOOKING AT THE MARKET
S. WE ARE FOCUSED ON WHAT'S
HAPPENING HERE IN SAN FRANCISCO, NEW YORK AND IN THE
WORLD OF TECHNOLOGY. THIS IS BLOOMBERG TECHNOLOGY.
Comments
we back 😂
so she's just the PR manager for the rock?
I have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars?