FROM THE HEART OF WHERE INNOVATION, MONEY, AND POWER COLLIDE IN SILICON VALLEY AND BEYOND, THIS IS BLOOMBERG TECHNOLOGY WITH CAROLINE HYDE AND ED LUDLOW. 

CAROLINE: LIVE FROM NEW YORK AND SAN FRANCISCO, THIS IS BLOOMBERG TECHNOLOGY. WE WILL HAVE FULL COVERAGE ON THE AFTERMATH OF THE ATTACK ON FORMER PRESIDENT DONALD TRUMP AS THE RNC KICKS OFF IN MILWAUKEE. 

ED: AND WE WILL TURN TO M&A. 

CAROLINE: WE BRING YOU THE LATEST ON APPLE. WE CHECK IN ON THE MARKETS AND RECORD HIGHS ACROSS THE BOARD. THE S&P'S NEW HIGH. THIS IS A TRUMP TRADE. THIS IS THE AFTERMATH OF AN ASSASSINATION ATTEMPT THAT POTENTIALLY MEANS TRUMP IS MORE

LIKELY TO WIN THE WHITE HOUSE.
WE SEE THAT REFLECTED IN BITCOIN AS WELL.
WE ARE SEEING THE BIGGEST MOVES IN TWO MONTHS FOR CRYPTO AS HE
IS SEEN AS THE MUCH MORE PRO-CRYPTO CANDIDATE. ED:
WE WILL TALK ABOUT THE TRUMP TRADE, BUT THE DIRECT TRUMP
TRADE'S TRUMP TECHNOLOGY AND MEDIA GROUP.
TICKER DJT, THE PARENT COMPANY OF TRUTH SOCIAL, THE SOCIAL
PLATFORM OF CHOICE FOR FORMER PRESIDENT TRUMP.
THE EVENTS OF THE LAST 48 HOURS ARE DRIVING THE STOCK HIGHER.
WE HAS BEEN A SIZE 50%. IT IS A STOCK OR A SPAC
DELISTING THAT HAS HAD A LOT OF VOLATILITY.
THEY ARE PRICING IN THE ODDS OF THE PRESIDENTIAL ELECTION.
NOW THAT WE ARE MOVING TOWARD A PLACE WHERE A TRUMP PRESIDENCY
SEEMS MORE LIKELY, YOU GET THAT

KIND OF REACTION.
WE WILL DIG INTO THAT LATER IN THE HOUR, IN MORE DETAIL.
CAROLINE: LET'S GO ON THE GROUND TO
MILWAUKEE, WHERE FORMER PRESIDENT TRUMP HAS ARRIVED FOR
THE REPUBLICAN NATIONAL CONVENTION.
JOINING US NOW, KAILEY LEINZ. A LOT OF BREAKING NEWS TO CONTINUE TO DIGEST. KAILEY:
THERE IS THE UTMOST BEING WHAT HAPPENED OVER THE WEEKEND WHEN
THE FORMER WAS SHOT IN THE EAR. IT VERY MUCH CHANGES THE TENOR
OF MILWAUKEE THIS WEEK. THERE IS INCREDIBLY INTENSE
SECURITY. DONALD TRUMP WAS CONSIDERING
POSTPONING HIS TRIP, BUT DID COME YESTERDAY AND IS PREPARING
TO ANNOUNCE HIS VICE PRESIDENTIAL PICK TODAY.
THE NEWS DOES NOT STOP THERE.

WE LEARNED THIS MORNING THAT
THE JUDGE IN THE CRIMINAL CASE BROUGHT AGAINST HIM IN FLORIDA,
A JUDGE APPOINTED BY HIM, HAS NOW COMPLETELY DISMISSED THAT
CASE AGAINST HIM. ON THE APPOINTMENT OF THE SPECIAL
COUNSEL WAS UNCONSTITUTIONAL. THERE IS ROOM FOR AN APPEAL AND
THE JUSTICE DEPARTMENT IS LIKELY TO DO SO, BUT THAT IS
ANOTHER PIECE OF NEWS THAT WORKS IN THE FORMER PRESIDENT'S
FAVOR. ED: LATER IN THE PROGRAM, WE WILL
DISCUSS SOME OF THE BIG NAMES FROM THE TECHNOLOGY WORLD WHO
HAVE COME OUT AND ENDORSED PRESIDENT TRUMP FOLLOWING THE
EVENTS OF THE WEEKEND OR WAIT IN FRANKLY OVER WHAT HAPPENED.
THE OTHER STORY IS THE RESPONSE FROM PRESIDENT BIDEN.
WHAT IS THAT PLAYING OUT LIKE IN THE NEWS CYCLE WHERE YOU ARE?
KAILEY:

THE PRESIDENT CLEARLY IS STILL TRYING TO KEEP HIMSELF IN THE NEWS CYCLE. WE HAVE HEARD FROM HIM ADDRESSING CAMERAS THREE TIMES SINCE THE SHOOTING SATURDAY. HE MADE REMARKS FROM DELAWARE THE SAME DAY IT HAPPENED. HE GAVE BRIEF REMARKS IN THE EARLY HOURS SUNDAY. AND THEN OF COURSE GAVE THAT OVAL OFFICE ADDRESS AT PRIME TIME LAST NIGHT, BASICALLY CALLING FOR UNITY, CALLING ON AMERICANS TO TURN DOWN THE TEMPERATURE, AND TONE DOWN THE RHETORIC IN THE AFTERMATH OF SOMETHING HE SAID SHOULDN'T BE TAKING PLACE IN AMERICA. HE SAID THERE IS NO PLACE FOR POLITICAL VIOLENCE, EVEN AS HE WAS GIVING THE SPEECH AS THE PRESIDENT AND THE MAN WHO IS RUNNING AGAINST THE ONE WHO WAS

SHOT AT A RALLY. WE ARE LIKELY TO SEE A TONE
SHIFT FROM THE BIDEN ADMINISTRATION.
THEY WILL BE RETOOLING THEIR MESSAGING, AND DONALD IS AS WELL.
HE WILL ADDRESS THE CONVENTION THURSDAY EVENING.
IN AN INTERVIEW, HE SAID HE IS REWORKING THE SPEECH.
HE SAID IT WAS GOING TO BE A HUMDINGER, AND NOW HE WILL USE
IT AS A CHANCE TO CALL FOR NATIONAL UNITY. ED: WE WANT TO HONE IN NOW ON
SOCIAL MEDIA AND DISINFORMATION ONLINE FOLLOWING THE ATTACK ON
PRESIDENT TRUMP. WE HEARD EARLIER TODAY FROM
JOHN BOLTON ON THE ATTACK, BUT ALSO ON HOW CONSPIRACY THEORIES
WILL REMAIN IN ITS WAKE. >> WE NEED TO DO THE REVIEW OF
THIS IN A CALM WAY. I THINK DUE WOULD QUICKLY AS
WELL BECAUSE THERE ARE ALL

CONSPIRACY THEORIES AS WELL, THAT ARE LOONEY TUNES. I DON'T THINK THEY WILL GO AWAY UNTIL WE HAVE AN OBJECTIVE REVIEW. ED: I WANT TO BRING IN DAVEY ALBA. YOU WROTE AN IMPORTANT REPORT ABOUT HOW QUICKLY THE INFORMATION SPREAD. SUMMARIZE YOUR REPORTING. >> ABSOLUTELY. THIS IS KIND OF TO BE EXPECTED AFTER MANY MAJOR NEWS EVENT THAT THERE WILL BE INFORMATION FLYING FROM ALL SIDES AS THE FACTS BECOME CLEAR. THE THING THAT WE HAVE SEEN OVER AND OVER IS THAT PEOPLE ARE ALL TOO WILLING TO SHARE CONSPIRACY THEORIES AS WELL ABOUT WHAT ACTUALLY HAPPENED. THERE IS AN ADVANTAGE IN THIS PARTICULAR MOMENT THAT THERE WERE LIVE CAMERAS AND SO MUCH DOCUMENTATION OF WHAT ACTUALLY HAPPENED WHEN THE PRESIDENT WAS SHOT IN THE YEAR, THE FORMER

PRESIDENT, I SHOULD SAY. HOWEVER, THAT DIDN'T STOP SOME
OTHERS FROM SPREADING UNFOUNDED NARRATIVES, SUCH AS SOME ACTUAL PEOPLE WHO HAVE HELD ELECTED
OFFICE WHO SAID PRESIDENT BIDEN ORDERED THE SHOOTING. THERE WERE RUMORS FLYING ABOUT
THE IDENTITY OF THE SHOOTER THAT WERE COMPLETELY
UNCONFIRMED. PEOPLE WERE POINTING FINGERS AT
SPECIFIC INDIVIDUALS. THERE WERE ALSO TONS OF RUMORS
ABOUT THE EVENT BEING STAGED, WHEN THERE IS NO EVIDENCE OF
THAT. CAROLINE: I JUST WANT TO HONE IN ON THAT
FACT. ULTIMATELY, THESE AREN'T JUST
AVERAGE USERS OF SOCIAL MEDIA, THESE ARE SITTING LAWMAKERS,
THESE ARE ELECTED OFFICIALS. I WANT TO UNDERSTAND HOW MUCH
MORE COMPLEX THAT MAKES THE

ROLE OF SOCIAL MEDIA. >> YES, THAT IS A REALLY GREAT
QUESTION. I THINK WHAT COMES INTO PLAY IS
WE HAVE SEEN CONTENT MODERATION EFFORTS OVER THE PAST YEAR GET
WEEKEND. THE IDEA THAT SOCIAL MEDIA
PLATFORMS ARE IN A POSITION OF BASICALLY DECIDING WHAT SPEECH
CAN REMAIN AND WHAT SHOULD BE TAKEN DOWN IS SOMETHING THAT
WAS VERY CONTROVERSIAL OVER THE PAST FEW YEARS AND REALLY TOOK
ROOT THIS YEAR. WITH MANY REPUBLICANS SAYING
THAT THESE SOCIAL MEDIA PLATFORMS ARE IN A POSITION OF
CENSORING SPEECH. I THINK THE PLATFORMS ARE IN A
TOUGH POSITION RIGHT NOW. THEY HAVE TO MAKE THESE CALLS
ABOUT SOMEONE WHO WHETHER ALL SELECTED OFFICE CAN CONTINUE TO
POST ESSENTIALLY WHATEVER THEY WANT OR IF THE SPEECH IS SO
FALSE THAT THE FACTS SIMPLY

DON'T BEAR THAT OUT.
DO THEY DO SOMETHING ABOUT IT? I THINK THAT THE ANSWER IN THIS
CYCLE IS STILL NOT CLEAR. THESE COMPANIES CONTINUE TO BE
IN THAT DIFFICULT PLACE. ED: WE CAN NOW TALK ABOUT SOMEONE
WITH DEEP EXPERIENCE TO WORK WITHIN IN ONE OF THOSE SOCIAL MEDIA THAT FORMS.
A MISSION TO PROMOTE CONSERVATIVE PUBLIC POLICIES.
YOU SERVED AS DIRECTOR OF THE TECH POLICY CENTER. WHAT IS SO
FASCINATING IS YOUR PRIOR ROLE AT FACEBOOK RIGHT NOW. YOU
HELPED CREATE IT. GIVE US A SENSE OF WHAT THE
SOCIAL MEDIA PLATFORMS ARE DOING RIGHT NOW TO RESPOND TO
THE WEEKEND? >> IT IS A FAR CRY OF WHAT I
USED TO DO WHEN WE WERE BUILDING AN AIRPLANE IN
MIDFLIGHT. I WAS DEVOTED TO FOREIGN
ISLAMIST TERRORISM.

IT IS A DIFFERENT ANIMAL. THESE COMPANIES ARE WORKING
WITH THEIR COMMUNITY OPERATIONS TEAMS, THEIR ENGINEERS. THEY ARE WORKING WITH THEIR
TEAMS, AND THEY ARE TRYING TO IDENTIFY IF THE ATTACKER WAS ON
THE PLATFORM, IF HE HAS AN ACTIVE ACCOUNT.
THEY ARE TRYING TO POTENTIALLY TAKE DOWN SOME OF THAT
INFORMATION. ULTIMATELY, THEY ARE TRYING TO
IDENTIFY THE PERPETRATOR IN THE MINUTES AFTER THOSE ATTACKS
HAPPEN AND GET THEM OFF THE PLATFORM. THE WHOLE MO OF THESE TEAMS IS
TO MAKE THE PLATFORMS HOSTILE TO THESE TYPES OF ACTORS, AND
THAT IS WHAT THEY WILL BE DOING AFTER AN ATTACK BREAKS ON THE
NEWS LIKE THIS. ED: SO THANK YOU FOR COMING ON
BLOOMBERG TECHNOLOGY. I WOULD LIKE TO FOCUS ON WHAT
HAPPENED IN THE LAST 48 HOURS, THE

SOCIAL MEDIA DISCUSSION IMMEDIATELY FOLLOWING THE ATTACK ON FORMER PRESIDENT TRUMP. IN THE CONTINUED SHARING OF CONTENT, I REFLECT ON HOW MANY PEOPLE ARE DISCUSSING PLATFORM X AND HOW THEY WERE PLEASED TO BE ABLE TO GET INFORMATION SO QUICKLY. BUT AS DAVEY HAS JUST POINTED OUT, WITHIN THE STUFF SHARED ON X, MUCH OF IT WAS MISINFORMATION. HOW DO YOU BALANCE THE SPEED OF ACCESS TO INFORMATION TO THE CHECK THAT YOU HAVE TO GET IT RIGHT? IT IS A VERY DIFFICULT QUESTION AND MY BEST ADVICE HAVING BEEN A COUNTERTERRORISM -- HAVING WORKED IN COUNTERTERRORISM LEVEL IS TO WAIT. TO BE VERY PRUDENT ABOUT EVEN IDENTIFYING THE ATTACKER. WE KNEW AND THE COUPLE MINUTES AFTER THIS, THERE WERE DIFFERENT PICTURES OF WHO IT COULD HAVE BEEN FLOATING AROUND.

ON SOCIAL MEDIA.
THEY WERE WRONG. THERE WERE OTHER PICTURES; THEY
WERE WRONG. THE PRUDENT WAY IS TO WAIT.
THERE IS A COHORT OF OPEN-SOURCE ANALYSTS WHO ARE DIGGING
THROUGH THIS INFORMATION. THEY ARE NOT EVEN VENDORS, BUT
THEY ARE DIGGING THROUGH A LOT OF THE INFORMATION.
MY ADVICE TO EVERYONE: JUST WAIT.
THE FULL STORY EVENTUALLY COMES OUT. I THINK THEY HAVE TO DO A MUCH
BETTER JOB OF SHOWING THEY ARE MORE NEUTRAL. TECH HAS BEEN UNDER A
MICROSCOPE BECAUSE THEY HAVEN'T GOTTEN SO MANY OF THE CALLS
RIGHT. LOOK AT THE HUNTER BIDEN LAPTOP
STORY. BIG TECH HAS A LOT OF MAKING UP
TO DO WHEN IT COMES TO THIS. THEY DON'T HAVE THE TRUST OF
THE PEOPLE, AND I WOULD SAY

RIGHTLY SO. CAROLINE: HEAD OF ALL OF THIS, META,
LIFTED ALL RESTRICTIONS ON TRUMP'S ACCOUNTS AHEAD OF THE
ELECTION. AS WE DO TRY TO GAIN TRUST,
THIS IS ALSO AT A TIME WHEN WE HAVE ARTIFICIAL INTELLIGENCE
AND TECHNOLOGY WORKING AGAINST US IN TERMS OF UNDERSTANDING
THE TRUE NATURE OF THINGS. >> I THINK IT IS EXACERBATING
IT TO THE NTH DEGREE. I'M A BIG FAN OF AI. I THINK IT WILL TAKE US FARTHER
THAN OUR FOREIGN ADVERSARY COUNTERPARTS WHO WERE WORKING
ON MORE CLOSED LARGE LANGUAGE MODELS. I'M A BIG FAN OF AI, BUT AS WE
SAY IN THE TECH COMMUNITY, IF YOU BUILD IT, THEY WILL COME. BAD ACTORS ARE GOING TO CO-OPT
TECHNOLOGY THAT OUTPACES

ATTEMPTS TO GOVERN IT.
THIS IS DEVELOPING MORE RAPIDLY THAN I EVEN FORESAW.
WE WERE TALKING OF AN AI WINTER BACK THEN. AND YET, WITH THE EXPLOSION OF
CHATGPT, IT LOOKS LIKE THESE TECHNOLOGIES, BECAUSE THEY CAN
TAILOR AND AMPLIFY INFORMATION AND DO ALL OF THIS AT MACHINE
SPEED AND SCALE, THAT IS THE KICKER. WE ARE GOING TO SEE A WORLD OF
SYNTHETIC MEDIA WHERE THE TRUTH IS GOING TO BE HARDER AND
HARDER TO DISCERN. ED: WE HAVE A QUESTION FROM ONE OF
OUR AUDIENCE MEMBERS, WHICH IS HOW MUCH OF PROJECT 2025 WILL
MAKE IT INTO THE GOP PLATFORM? LET'S ANSWER THAT IN THE LENS
OF TECHNOLOGY. >> WE DON'T KNOW WHAT IS IN
TRUMP'S MIND OR TRUMP'S CAMPAIGN'S MIND, BUT WE DO KNOW
WHAT THE PLATFORM HAS SAID.

THE PLATFORM IS PRO-CRYPTO. IT IS PRO AI DEVELOPMENT, AND PRO SPACE. WHEN IT COMES TO WHAT THE TRUMP CAMPAIGN AND POTENTIAL TRUMP PRESIDENCY IS GOING TO DO, I DON'T SPEAK FOR THEM, BUT IT LOOKS LIKE THEY ARE TRYING TO PAINT AN AFFIRMATIVE AGENDA, AN AFFIRMATIVE VISION OF THE THINGS THAT THEY ARE FOR WHEN IT COMES TO TECHNOLOGY, RATHER THAN THE THINGS THEY ARE AGAINST. I WOULD EXPECT A LOT OF PRO INNOVATION TO TAKE PLACE UNDER A POTENTIAL SECOND TRUMP PRESIDENCY. CAROLINE: EXTRAORDINARY VOICE TO HAVE JOIN US TODAY. THE TECH POLICY CENTER DIRECTOR AT THE HERITAGE FOUNDATION. EXPERIENCE WORKING AT FACEBOOK AND IN COUNTERTERRORISM. WHAT ARE YOU LOOKING AT? ED: THERE ARE OTHER STORIES OUT THERE.

APPLE SHARES TOUCHING RECORD HIGHS. UPGRADE TO BUY. TOP PICKS FROM MORGAN STANLEY. BLOOMBERG REPORTING THAT REVENUE FROM INDIA SURGED 33% IN 12 MONTHS THROUGH MARCH. WE WILL DIG INTO THAT IN MORE DETAIL LATER IN THE SHOW. THE STOCK UP 2.4 PERCENT. THIS IS BLOOMBERG TECHNOLOGY. ED: LET'S KEEP TALKING ABOUT THE TRUMP TRADE THAT HAS INTENSIFIED FOLLOWING THE LAST 48 HOURS. CRYPTO RELATED NAMES, NOT JUST COINBASE AS AN EXCHANGE, BUT SOME OF THE MINORS, DOING WELL. TRUMP HAD BEEN SCHEDULED TO SPEAK AT CRYPTO EVENTS. HE IS SEEN AS THE MORE CRYPTO FRIENDLY CANDIDATE. THERE ARE OTHER STOCKS MOVING TO THE UPSIDE ON THE SAME LOGIC. CAROLINE:

CERTAINLY, IT IS NOT ONLY CRYPTO NAMES MOVING TODAY. INVESTORS REASSESSING ASSETS ACROSS THE BOARD. THAT IS TO BREAK IT ALL DOWN. WE CAN TALK CRYPTO MORE BROADLY. THE POWER OF THE S&P 500. >> IF YOU LOOK AT IT, YOU ARE LOOKING AT MARATHON DIGITAL. COINBASE, WE SHOULD SEE A POP IN THAT. ALSO BEYOND JUST THAT, IF YOU ARE LOOKING AT MORE REGULATED TYPE SECTORS WITH FINANCIALS AND HEALTH CARE, THOSE ARE TWO KEY AREAS TO WATCH. IF THERE IS A REPUBLICAN POTENTIAL SWEEP, THAT WOULD BE MORE EASY POLICY WITH BANKS AND FINANCIALS. INSURERS. WHEN YOU THINK ABOUT OTHER INSURERS LIKE THAT, THOSE ARE INDUSTRIES KEEPING A CLOSE EYE ON. WHEN IT COMES TO FOSSIL FUELS AND SOLAR STOCKS, THOSE HAVE

GOTTEN SUPPORT UNDER A
DEMOCRATIC PRESIDENCY. THERE COULD BE POTENTIALLY MORE
RESTRICTIONS UNDONE IF THERE IS A REPUBLICAN PRESIDENCY. ED:
TESLA IS UP IN A BIT OF A TRUMP BUMP.
THE MARKET IS TRYING TO ASSESS WHO WILL BE PRESIDENT AND WHAT
THE POLICY WILL BE TO VARIOUS PARTS OF THE ECONOMY IN
DIFFERENT INDUSTRY GROUPS. >> LET'S TAKE A LOOK ACROSS
ASSET CLASSES. PLACES THAT TRUMP WOULD BE
EXPECTED TO HAVE A MASSIVE MARK ON POLICY. READ YOU ARE SEEING A
REALLY BIG MOVE, CLOSER TO 57,000 ON FRIDAY. TRUMP IS LARGELY SEEN AS A MORE
PRO-CRYPTO CANDIDATE. YOU SEE THE DOLLAR RISING AS
WELL. YOU ARE WATCHING AN EXPECTATION
THAT YOU WOULD HAVE AS THE ODDS.

RISE THAT TARIFF POLICY AND A STRONGER DOLLAR. I WOULD POINT TO THE CURVE STEEPENING. IT IS NOT THE FRONT END OF THE CURVE MOVING, IT IS THE TAIL END OF THE CURVE. YOU ARE SEEING A BIGGER SELLOFF. THINK TAXES BEING LOOSER IN THE FUTURE. THINK THAT YOU MIGHT HAVE A MORE FISCAL BURDEN ON THE UNITED STATES. YOU ARE SEEING THE 30 YEAR REALLY SELLOFF. YOU HAVE SEEN THE CURVE STEEPEN. THE SELLOFF IN THE LONG END STARTING TO BE PRONOUNCED. A LOT OF FACTORS THAT ARE FACTORING IN. CAROLINE: PERFECT SUMMARY. WE THANK YOU. ED, WHAT ARE WE LOOKING OUT WITH M&A? ED: ALPHABET SAID TO EYE CYBERSECURITY START UP WIZ.

THIS IS BLOOMBERG TECHNOLOGY. ED: GOOGLE PARENT ALPHABET IS IN
TALKS TO ACQUIRE THE CYBERSECURITY START-UP WIZ IN A
DEAL THAT MAY BE WORTH AS MUCH AS $23 BILLION.
MARK BERGEN IS HERE FROM LONDON. >> IT WAS A SURPRISE, ALTHOUGH
IF YOU ARE FOLLOWING GOOGLE, IT IS NOT. THE LAST BIG ACQUISITION, THEY
ARE TRYING TO DO IT AGAIN. , THEY HAVE BEEN THIS PERPETUAL
THIRD PLACE IN THE MARKET. MICROSOFT HAS BEEN PUSHING THE
ENVELOPE. IT HAS SOME PRETTY NOTICEABLE
AND PUBLIC FLAWS. IT IS AN ABERRATION IN THE
SENSE THAT IT IS THE BIGGEST DEAL BY LONG MEASURE. CAROLINE:
VCS COULD BE MAKING A SIZABLE CONCERN.
IS THERE REGULATORY RISK?

>> FOR SURE.
THIS COMPANY STARTED IN 2020. IT IS REMARKABLE.
IT IS A PRETTY MASSIVE RETURN. WE ARE NOT IN ANY WAY A MONOPOLY
IN THE CLOUD MARKET. THE DEAL WAS ABOUT 5 MILLION.
I DON'T EXPECT WIZ WILL BE APPROVED ON DAY TWO. MICROSOFT CLEARLY HAS HAD
ISSUES AROUND ANTITRUST. IT IS GOING TO BE IN THIS
MARKET. CAROLINE:
THE AGREEMENT HASN'T BEEN REACHED.
WE REALLY APPRECIATE IT. COMING UP, ELON MUSK DONATES TO
A SUPER PAC WORKING TO ELECT DONALD TRUMP TRUMP TO THE WHITE
HOUSE. WE WILL DISCUSS WHAT WAS BREAKING NEWS FRIDAY AFTERNOON. ED: WELCOME BACK TO BLOOMBERG
TECHNOLOGY HERE. CAROLINE: LET'S CHECK IN ON THE MARKETS.

WE DO PUSH HIGHER BECAUSE IT IS THE MOST LIKELY, NOT SO IN EUROPE. IT IS A REFLECTION OF THE TRUMP TRADE AND WHAT IT MEANS FOR INTERNATIONAL COMPANIES. BITCOIN RALLIES, AND THIS IS AN EXTENSION OF WHAT IT MEANS IF IT IS TO SEE FORMER PRESIDENT TRUMP ENTER THE WHITE HOUSE. HE IS SEEM TO BE A MORE PRO-CRYPTO CANDIDATE FOR THE WHITE HOUSE. MOVE ON TO THE MORE INDIVIDUAL NAMES. IT SEEMS TO BE BOOSTING THE BETS FOR FORMER PRESIDENT TRUMP TO RETURN, AND THAT MEANS TRUMP MEDIA IS UP ALMOST 30%. NOT SO IF YOU ARE SEEING THE RENEWABLES TRADE. GREEN ENERGY-FOCUSED STOPS TO THE DOWNSIDE. INTERESTING ONE ON TESLA, MORE THAN 5% HIGHER. IT HAS A SODA BUSINESS.

IT IS PERHAPS A TRUMP TRADE, WITH ELON MUSK GOING IN. WE UNDERSTOOD THE REPORTING HAPPENING THAT WE SAW IT BEING BACKED BY ELON MUSK. CAN WE DWELL ON THE FACT THAT ALMOST BEFORE WHAT OCCURRED THIS WEEKEND, WE HAD REPORTING THAT ELON MUSK WAS GOING TO BE SUPPORTING A SUPER PAC? ED: HE MADE THIS PUBLIC ENDORSEMENT FOLLOWING THE ASSASSINATION ATTEMPT, BUT LATE FRIDAY NIGHT, BLOOMBERG CITED SOURCES THAT ELON MUSK HAS MADE WHAT WE ARE CHARACTERIZING IS A SIZABLE DOES -- DONATION TO THE AMERICA PAC, WHICH IS DUE TO DISCLOSE ITS FUNDING TODAY. LET'S BRING IN MAX CHAFKIN. I FIND THIS REALLY INTERESTING. THE HISTORY OF ELON MUSK'S RELATIONSHIP WITH FORMER

PRESIDENT TRUMP.
HE HAS ENDORSED HIM PUBLICLY THROUGH THE PLATFORM X. >> ELON MUSK IN 2016 DID START
TO DRIFT TOWARD TRUMP. HE WAS INITIALLY ON ONE OF
THESE EXECUTIVE COUNCILS. WHAT WE HAVE SEEN OVER THE LAST
FIVE YEARS WAS A THAWING OF THOSE RELATIONS. WHAT THE PRESIDENT IS SAYING IN
OF THE CAMPAIGN TRAIL, THERE ARE A LOT OF COMMONALITIES. ELON MUSK HAS A PRETTY BAD
RELATIONSHIP WITH THE BIDEN ADMINISTRATION.
YOU HAVE MULTIFOLD FEDERAL AGENCIES INVESTIGATING.
ELON MUSK IS AT NEGATIVE THINGS TO SAY ABOUT THE CURRENT
PRESIDENT. YOU CAN SEE A LOT OF REASONS
WHY THEY HAVE HAD COMMON GROUND. FORMER PRESIDENT TRUMP'S
FINANCES HAVE STARTED TO LOOK A

LOT BETTER, BUT UNTIL RECENTLY,
HE NEEDED MONEY. CAROLINE: WHEN YOU GO TO THEM NEEDING
EACH OTHER OR INDEED ANYONE WHO IS IN THE WHITE HOUSE, REMIND
US OF THE GOVERNMENT CONTRACTS ELON MUSK SITS ATOP OF. >> HE IS KNOWN AS AN INNOVATOR
AND A SUCCESSFUL GOVERNMENT CONTRACTOR. HIS RELATIONSHIPS DEPEND ON THE
GOVERNMENT, EITHER INDIRECT CONTRACTS OR TESLA DEPENDS ON
THESE TECH CONTRACTS. HE HAS A LOT OF MORE PLAN.
SPACEX IS PLANNING TO GO TO MARS.
THE GOP PLATFORM DOES BRING UP COMMERCIAL SPACE, MARS, THE
FEARS OF THE WOKENESS IN AI, WHICH IS A PET ISSUE OF ELON
MUSK. FORMER PRESIDENT TRUMP HAS SAID NEGATIVE THINGS ABOUT WHAT
HAPPENS WITH PUBLIC FUNDING OR

THE IRA FUNDING? I WANT TO REMIND THE AUDIENCE
ABOUT THE NEW YORK TIMES REPORTING. IF YOU HELP FUND MY CAMPAIGN, I
WILL BE LESS SUPPORTIVE OF EV'S. IT DOESN'T REALLY ADD UP.
TRUMP'S HISTORIC ATTITUDE TOWARD ELECTRIC VEHICLES.
THE COMPANY THAT PAVED THE WAY FOR ELECTRIFICATION. >> IT IS HARD TO KNOW HOW TO
PARSE THAT AND WHAT CANDIDATES SAY ISN'T NECESSARILY WHAT ENDS
UP HAPPENING. FROM THE ELON MUSK POINT OF
VIEW, TWO POINTS, TRUMP MAKING THOSE COMMENTS COULD BE READ AS
A BLINKING ORANGE LIGHT FOR SOMEBODY LIKE ELON MUSK TO
DONATE. IT WILL BE INTERESTING TO SEE
IF HE SOFTENS HIS ATTITUDE TOWARD THE EV INDUSTRY.
TESLA IS THE MARKET LEADER.

A SECOND TRUMP PRESIDENCY COULD GET RID OF A LOT OF SUBSIDIES. IT IS NOT CLEAR IT IS EVEN ELON MUSK'S GOAL AT THIS POINT. ED: MAX CHAFKIN HAS WRITTEN SO MUCH ABOUT THE HISTORY OF ELON MUSK. THE OTHER NAMES OVER THE WEEKEND THAT OFFICIALLY ENDORSED PRESIDENT TRUMP. I FIND THIS SO INTERESTING. CAROLINE: NOTABLE PEOPLE ARE NOW WILLINGLY TAKING TO SOCIAL PLATFORMS. BILL ACKMAN IS A PREVALENT USER OF X, TO MAKE THESE SORTS OF ENDORSEMENTS AND STATEMENTS. MANY CEOS CONDEMNING THE VIOLENCE WE SAW THIS WEEKEND AS WELL AND USING SOCIAL PLATFORMS TO DO THAT. A LAST TAKE ON WHETHER WE SEE MORE MONEY WEIGHING IN? >> SILICON VALLEY ENTREPRENEURS WANT TO BACK WINNERS.

I DON'T THINK IT IS TOTALLY SURPRISING. EVEN BEFORE THIS ASSASSINATION ATTEMPT,
THEY WANT A VOICE IN WHATEVER THEY JUDGE TO BE THE LIKELY
WINNER. WE COULD SEE ELON MUSK TICKET
POTENTIALLY ACTIVE ROLE ON HIS X PLATFORM OR
COMING CLOSER TOGETHER. CAROLINE:
COMING UP, WE WILL TALK TO A CEO ABOUT FURTHER INTEGRATION
IN AI. THE FOUNDER AND CEO OF C3 AI, FED CHAIR JEROME POWELL, WILL BE
INTERVIEWED BY DAVID RUBENSTEIN. THIS IS BLOOMBERG. CAROLINE:
WE WANT TO TALK ABOUT AI PARTNERSHIPS.
ANOTHER ONE BEING ANNOUNCED. THE CEO TO TALK US THROUGH WHAT
IS C3.AI'S PARTNERSHIP WITH GOOGLE CLOUD AND AI FOR
GOVERNMENT PROGRAM'S.

GENERATIVE AI. WE ARE TALKING HERE. CAN YOU DIG INTO THIS PARTNERSHIP? >> GOOGLE CLOUD HAS BEEN A GREAT PARTNER, AND WE HAVE BEEN WORKING WITH THEM AT MASSIVE SCALE IN STATE AND LOCAL GOVERNMENT. AND NOW, IN STATE AND FEDERAL GOVERNMENT, WE HAVE COME UP WITH A VERY UNIQUE SOLUTION UTILIZING GENERATIVE AI TO MAKE ALL THE COMPLEXITIES ASSOCIATED WITH THE AFFORDABLE CARE ACT AND ALL OF THE SERVICES, MEDICARE, MEDICAID, IMMEDIATELY ACCESSIBLE TO THE PUBLIC. WE SAW THE DIFFICULTIES WITH DATA EXFILTRATION. NOW WE DEAL WITH THESE PROGRAMS THAT ARE BIBLICAL IN SCALE, AND YOU CAN ASK ANY QUESTION IN 133 LANGUAGES AND TO GET THE CORRECT ANSWER THE FIRST TIME IN THE LANGUAGE YOU REQUIRE. IT IS A BETTER SERVICE AT A LOWER COST, SATISFYING CONSTITUENTS. CAROLINE:

WHAT IS ALSO NOTABLE IS THE FACT THAT YOU ARE TEEMING WITH GOOGLE'S CLOUD. MANY MIGHT SAY MICROSOFT AND AMAZON. THESE HYPER SCALARS MIGHT BE YOUR OWN COMPETITION. DID YOU HAVE TO DO THE DEAL WITH GOOGLE? >> THESE ARE ALL PARTNERS. MICROSOFT IS A GREAT PARTNER. LET'S REMEMBER, I KNOW PEOPLE LIKE TO FOCUS ON THE DEFENSE AND INTELLIGENCE COMMUNITY. IT IS 20% OF THE FEDERAL BUDGET. A MUCH HIGHER SERVICE AT LOWER COST. THIS APPLIES TO -- ED: LET ME JUMP IN FOR A SECOND. I THINK TOM MAY HAVE HAD SOME ZOOM ISSUES, WHICH IS KIND OF NORMAL IN THE DAY AND AGE IN WHICH WE LIVE. WHAT I WANT TO UNDERSTAND IS IS THIS A VOTE OF CONFIDENCE IN C3.AI BEING A PROVIDER? SAY HELLO, ARE YOU THERE?

HI, ED. IS THIS A SALES CHANNEL THING? OR IS THIS C3 AI THAT REALLY HAS SOMETHING HERE THAT WE DON'T HAVE? THIS IS A DEEP TECHNOLOGY PARTNERSHIP. TO TAKE ADVANTAGE OF THE IMPORTANT WORK WE ARE DOING WITH GENERATIVE AI, WHICH REPRESENTS TWO OR $3 BILLION OF SOFTWARE ENGINEERING. THIS GOES BACK SOME YEARS. YES, WE ARE JOINTLY DEVELOPING AND SERVICING CUSTOMERS AROUND THE WORLD. ED, ONE STORY EARLIER IN THE PROGRAM, YOU HAVE PARTNERED WITH WIZ. IT ISN'T FIRST THING TO CONSIDER THE ANTITRUST THREE CAUTIONS OF THAT. WHAT DO YOU MAKE OF THAT WORD? ONE OF THE EXISTENTIAL THREATS TO THE WORLD IS CYBERSECURITY. ANYONE OF THESE HYPER SCALARS BEEFING UP MAKES THE WORLD A

SAFER PLACE, SO I THINK IT IS A GOOD THING. 
CAROLINE: WE DIDN'T EVEN GET ONTO YOUR THOUGHTS OF FAKE NEWS. WE LOOK FORWARD TO HAVING YOU BACK. 
WHAT ARE YOU LOOKING AT NOW, ED? 
ED: FIRST UP, AUTONATION WARNS OF A BIG HIT TO SECOND-QUARTER EARNINGS. 
IT SAYS PROFITS COULD BE LOWER AFTER A CYBER ATTACK LEFT THE AUTO RETAIL INDUSTRY CRIPPLED FOR WEEKS EARLIER THIS MONTH. 
IT DOES NOT EXPECTED TO HAVE A MATERIAL IMPACT GOING FORWARD. 
SMARTPHONE SHIPMENTS ARE ON THE RISE ACCORDING TO IDC. 
THEY ROSE 6.5% IN THE LATEST QUARTER. 
IPHONE SHIPMENTS STABILIZED. 
THE RISE COMES AS SMARTPHONE MAKERS/PRICES IN CHINA TO ENTICE CONSUMERS IN THE BIGGEST

MOBILE MARKET AND SPENDING ON KOREAN CULTURAL PRODUCTS IS FORECAST TO DOUBLE BY 2030. THAT IS ACCORDING TO NEW RESEARCH RELEASED BY TIKTOK AND ANALYST COMPANY. IT SAW AN AMPLIFICATION OR BY SOCIAL MEDIA, WHICH HAS BECOME A GATHERING PLACE FOR K-POP FANS. CAROLINE: THE NEED FOR COMPANY MANAGERS TO FEEL MORE OF A SENSE OF CRISIS GIVEN LOW PROFITABILITY. TAKE A LISTEN. >> IN TERMS OF THE SENSE OF CRISIS, WE HAVE NOT FULFILLED OUR COMMITMENT AND IMPROVED OUR EARNINGS. THE GROUP AS A WHOLE HAS NOT ACHIEVED A LEVEL OF PROFIT THAT MEETS EXPECTATIONS OF INVESTORS. THIS HAS LED TO A SLUMP IN THE STOCK PRICE. I WOULD LIKE TO EMPHASIZE THAT ALL OF OUR MANAGEMENT TEAM MUST RECOGNIZE THAT THIS IS A

CRITICAL SITUATION. THE EV BATTERY BUSINESS HAS
BEEN A FOCUS FOR YOU. WHEN ARE YOU EXPECTING TO SEE A
TURNAROUND, AND DO YOU SEE POSITIVE SIGNALS COMING FROM
TESLA? WHEN WE START SUPPLYING
BATTERIES, WE WILL BE IN FULL OPERATION.
WE WILL CONTINUE TO EXPAND OUR BUSINESS IN THE U.S.
AND WE WILL FOLLOW THE DEMAND OF U.S. AUTOMAKERS AND INVEST
ACCORDINGLY. IN THAT SENSE, WE WILL MAKE OUR
INVESTMENTS, THAT THE PLANTS WILL NOT BE FORCED TO STOP
OPERATING. WHAT CAN YOU TELL US ABOUT
THE U.S. DEMAND OUTLOOK? YOU HAVE BEEN DOING PRETTY WELL
IN YOUR BUSINESS, BUT IT IS ALSO BECAUSE OF THE INFLATION
REDUCTION ACT. I WONDER, WHAT ARE YOUR
CALCULATIONS OF WHAT HAPPENS

AFTER THE PRESIDENTIAL
ELECTIONS? >> I HAVE HEARD THAT IT WILL
NOT DISAPPEAR IMMEDIATELY IF TRUMP BECOMES PRESIDENT BECAUSE
OF THE WAY THE U.S. LEGAL SYSTEM WORKS.
THIS MEANS IT WILL TAKE A FEW MORE YEARS.
THE SPREAD OF EV'S IS EXPECTED TO SLOW DOWN BECAUSE THE
CHARGING INFRASTRUCTURE IS NOT YET SUFFICIENT.
I THINK THERE ARE OTHER REASONS AS WELL. ONE REASON IS EV'S ARE
EXPENSIVE. AS THESE ISSUES ARE RESOLVED,
THE SPREAD OF EV'S IS EXPECTED TO INCREASE IN THE LONG-TERM.
WE WILL INVEST ACCORDINGLY AND MANAGE OUR BUSINESS SO THE
SPEED OF EV ADOPTION WILL NOT AFFECT OUR BUSINESS CONDITION. >> ARE YOU EXPECTING TO SEE
MORE PRICE COMPETITION IN THE EV BATTERY MARKET?
WILL YOU NEED TO READJUST YOUR

COST STRUCTURE? THERE ARE DIFFERENT TYPES OF BATTERIES THAT CAN BE USED IN CARS THAT PRIORITIZE PRICE AND SACRIFICE SOME PERFORMANCE, AND THOSE ARE FOR SAFETY. ALTHOUGH THERE IS PRICE COMPETITION, WE WILL SUPPLY EQUIPMENT TO VEHICLE MAKERS THAT RECOGNIZE THE QUALITY OF OUR BATTERIES. ED: THAT WAS BLOOMBERG'S SHERY AHN SPEAKING TO THE PANASONIC CEO IN TOKYO. COMING UP ON THE SHOW, APPLE LOOKS TO INDIA FOR EXPANSION OPPORTUNITIES AFTER ANNUAL SALES SURGED 33% IN THE INDIAN MARKET. SOME BLOOMBERG EXCLUSIVE REPORTING UP NEXT. THIS IS BLOOMBERG TECHNOLOGY. ED: LET'S ZERO IN ON APPLE. THE STOCK HIT FRESH RECORD HIGHS AFTER AN UPGRADE TO BUY. MORGAN STANLEY HAS ADDED IT TO

ITS TOP PICK LIST. CAROLINE:
WE NEED TO STICK WITH AI, BUT REVENUE BEING GENERATED
INTERNATIONALLY. BLOOMBERG IS REPORTING THAT
APPLE'S REVENUE HAS SURGED 33% IN THE 12 MONTHS THROUGH MARCH
IN INDIA. LET'S DELVE INTO IT. A LOT OF BUOYANCY AROUND THIS
NAME TODAY. WHAT DO YOU MAKE OF THE INDIAN
SALES? >> YOU KNOW, I'M IN THE OLD
CAMP, I THINK SALES PUSHED FROM INDIA AND CHINA ARE FAR
MORE IMPORTANT IN THE SHORT RUN THEN THE LONG RUN IN AI.
WE ARE VERY HAPPY TO SEE THAT. THERE IS A VERY BIG MARKET FOR
APPLE. SMARTPHONES AND APPLE HAS LESS
THAN 5% MARKET SHARE. I THINK INDIA WILL BE A VERY
EXCITING STORY FOR APPLE. CHINA IS EIGHT TIMES BIGGER
THAN INDIA IN TERMS OF UNITS.

CHINA IS THE MAIN STORY, BUT I THINK INDIA IS VERY EXCITING FOR THE LONGER FUTURE OF APPLE. ED: IT MIGHT BE EARLY DAYS, BUT ONE INTERESTING POINT OF REPORTING WAS OF THE $8 BILLION FIGURE, MORE THAN HALF WAS IPHONE SALES RATHER THAN OTHER DEVICES OR SERVICES. HOW DO YOU HAVE TO PLAY THE INDIAN MARKET DIFFERENTLY IN TERMS OF ASP'S OR YOUR PATIENTS FOR A GROWING MIDDLE CLASS? >> APPLE CAN TRULY GAIN A LOT OF MARKET SHARE BY LET'S SAY THE PRICE OF THEIR MODEL, BUT THEY DON'T REALLY PLAY THAT GAME. THEY ARE ALL ABOUT THEIR MARGINS. WE DON'T SEE THEM LAUNCHING A CHEAPER PHONE OR ANYTHING. THE MARKET IS GOING TO BE GRADUAL IN INDIA. IN INDIA, IT IS LESS THAN 5%. AS THE INDIAN CONSUMER BECOMES

MORE AFFLUENT OVER TIME. WHEN IT BECOMES BETTER THAN WHAT IT IS RIGHT NOW, WE THINK APPLE IS ONE AREA THEY GRAVITATE TO DUE TO THE LUXURY NATURE OF THE PROJECT AND THE PRESTIGE. CAROLINE: WE THANK YOU. THAT DOES IT FOR THIS EDITION OF BLOOMBERG TECHNOLOGY. IT HAS BEEN QUITE THE SHOW TO BE DIGESTING. ED: OUR CALLINGS WILL CONTINUE TO BROADCAST FROM THE RNC, RECAP ON THE PODCAST. MANY OF YOU DO LISTEN TO THE PODCAST. YOU FIND IT ON THE BLOOMBERG PLATFORMS AS WELL.

Attack on Trump and Apple's Record High | Bloomberg Technology

Welcome to the Bloomberg Technology YouTube channel. Subscribe for original series and mini-docs on game-changing technologies, profiles on innovators, live conversations with experts, and breaking technology news & analysis from Bloomberg TV.