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Transcripts For BLOOMBERG Bloomberg Technology 20240712

Ahead of remarks from fed chair jay powell on thursday. Investors are interested in the path forward. It is day two of the public and national convention. And mike pompeo on the list to speak tonight. Abigail doolittle has been watching the back and forth. Lots of earnings after the bell, new record highs. What are you drinking . You tracking. Abigail those earnings, right in the hub of technology. Hewlettpackard up 6 . Seeceo is saying that they robust demand driven by big data. Down 2. 8 . E company this may have something to do with the subscription model. We will have to look at that as more information comes out. Right now, a little bit of a decline in after hours. T also up sharply, up five point 6 . They beat the earnings estimate and revenue nearly doubled yearoveryear. Some of these tech companies, the stories of the haves and havenots. You were mentioning record highs during the day. That was the case. It was a mixed close even with those record highs. Index of the Mega Cap C

Transcripts For BLOOMBERG Bloomberg Technology 20240712

And Melinda Gates foundation, bill gates, for a wideranging interview about the pandemic. The Foundation Contributed almost 350 million to fight covid19 around the world. We also talked about the possibility of microsoft buying tictoc. We are standing by for a news briefing with the president , after secretary of state mike pompeo signaled the u. S. Will try to ban other Chinese Technology beyond tictoc in the name of National Security. I want to get to nick, who ,overs the state Department Secretary of state pompeo signaling the u. S. Would urge apple and google from removing certain chinese apps from their app stores, which would be quite dramatic. Talk about what he is saying. Moment, it looks like what secretary pompeo is doing is issuing guidelines or recommendations, warnings, i guess, where he is telling app apps, these chinese tictoc and we chat, are not safe , and we dont think you should include them in your app stores. He also said, we dont think you should allow your apps t

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