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Transcripts For BLOOMBERG Bloomberg Technology 20240713

Thinks peloton is not just a fad. Cap bullish sentiment coming up. Continue with dominance of tech in the u. S. Markets. Up 1. 7 percent, nasdaq of more than 1 . Is something bigger going on . Let 2019. 2019. Feels like yesterday after the signing of the trade deal, it was just the stocks that dropped. Typically a relief rally would come after a big selloff from the major averages. It feels a little bit more like perhaps the early stages of euphoria with the bubble paradigm. It and dislocation been into the economic phase than a euphoria and 10 eight. Does that match the fundamentals . Greater than 20 times forward pe, as you note last year earnings fell by double digits. They are expected to fall for the Fourth Quarter and the First Quarter of 2020. By the end of the year, analysts are looking for double digits growth up for tech and the chips. For the chips, the first half of the year is difficult. Speaking of getting ahead of ourselves, i want to show you a chart here. Another day a

Transcripts For BLOOMBERG Bloomberg Technology 20240713

We have details. And the week that was, elon musk has a reason to dance, and apple hits more milestones, that plus highlights with team monster. But first, our top story, the Trump Administration is imposing new sanctions on iran, retaliation for tehrans attack on u. S. Military bases. Now, the sanctions target the steel industry, as well as eight senior officials. Now while adversaries didnt get into traditional military war, their continued cyber warfare remains. Cybersecurity film dragos published a report highlighting hostile hacking activity by an iranian linked group against u. S. Power suppliers. So for more, we have the president of gullah tech adventures. Prior to that, he was a hacker for the nsa. With me in the studio is the proof point executive vice president. Ryan, let me start with you. What increases have you seen coming from iran targeting the u. S. . Ryan well, weve seen the continuation of campaigns at that they were already running. Perhaps the most interesting thin

Transcripts For BLOOMBERG Bloomberg Technology 20240713

Has a reason to dance, and apple hits more milestones, plus highlights with team monster. Our top story, the Trump Administration is imposing new sanctions on iran, retaliation for the attack on u. S. Military bases. The sanctions target the steel industry, as well as eight senior officials. While adversaries did not get into traditional military war, they continue cyber warfare remains. Cybersecurity film dragos published a report highlighting hostile hacking activity by an Iranian Group against u. S. Power suppliers. For more we have the president of gullah tech adventures, prior to that he was a hacker for the nsa. With me in the studio is the proof point executive vice president. Ryan, let me start with you. What increases have you seen coming from iran targeting the u. S. . Ryan we have seen the continuation of campaigns at they were already running. Perhaps the most interesting thing we saw was we saw some of them move from diplomatic targets, Public Policy targets and government

Transcripts For BLOOMBERG Bloomberg Technology 20240713

With amosite in the Cloud Business. A new target seems to be retail customers. First, to our top story. Last year, apple ceo tim cook stunned investors when the company readjusted its forecast due to struggles in china. Official Government Data shows the apple smartphone shipments in china grew almost 19 . That marked a big jump from previous months. It is particularly remarkable when shipments of phones of all brands were down nearly 14 in the same period in china. Surprised about the amount of bullishness we seem to have on china . That number is a surprise. The broad push in china to focus on huawei and have consumers by huawei funds instead of iphones. That was the concern for a lot of last year. Some of the trade tension has come down. Athink more to the point is device like the iphone 11 is a little bit cheaper. The battery life is very long. The photos you can take are a lot better than the previous version. When you put all those things together and combine it with a large back

Transcripts For BLOOMBERG Bloomberg Technology 20240713

And a 2020 launch. Facebooks Cryptocurrency Libra is set to debut next year. We will hear how the head of libra and the facebook coo touted this big promise. But first our top story. Recordbreaking sales for amazon. The ecommerce giant posted its largest advance on the s p 500 index on thursday. Amazon didnt release specific sales figures, but the statement backs up broader reports that Online Shopping picked up this year. I want to bring in spencer and darren baker. Spencer, talk to me about what we learned from amazon this holiday season. Spencer in terms of their statement, we didnt learn much. Every year is another record for amazon and ecommerce. What we did see was that this was the first year, one that they rolled out their oneday shipping pledge on millions of items, and that they handled so much of their own delivery on their own. I think a little bit of the boost is that amazon got through christmas without any disasters. Everyone was wondering how they would do this year. Ta

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