Bloomberg Tech

Bloomberg's Caroline Hyde and Jackie Davalos discuss the news pushing Intel shares higher. And, we hear from SuRo Capital CEO Mark Klein about how market volatility could impact one of the year's hotly anticipated IPOs. Plus, OpenAI asks the White House for relief from state AI rules.

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Bloomberg's Jackie Davalos and Sonali Basak discuss tech's market rebound amid Trump's tariff tensions. And, a look at Tesla's future as the company leads the S&P 500 as the biggest decliner so far this year. Plus, SpaceX's next mission: rescuing the two stranded astronauts.

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Bloomberg's Caroline Hyde reports from Las Vegas for a special edition of Bloomberg Technology, live from the HumanX conference. Guests include: Sequoia Capital Partner Alfred Lin, Writer CEO May Habib, Lattice CEO Sarah Franklin, Poolside CEO Jason Warner, Khosla Ventures Co-Founder Vinod Khosla and Snowflake CEO Sridhar Ramaswamy.

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Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian.

 
Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President Donald Trump will meet with top business executives later in the day. Contracts for the Nasdaq 100 rose 0.5% after the index’s deepest slump since 2022, while those on the S&P 500 climbed 0.4%. Tesla Inc. shares rose in premarket trading after Monday’s 15% slide while other tech names including Nvidia Corp. also edged higher. In Europe, the Stoxx 600 index was steady while earlier, Asian shares bounced off an intraday five-week low.There was relief for other risk assets too, as Bitcoin stabilized after a five-day selloff and oil prices notched a small bounce from Monday’s drop. However, concerns over the once unstoppable resilience of the US economy continue to support Treasury markets, with 10-year yields edging lower again on Tuesday. The dollar index slid 0.3%.

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Bloomberg's Caroline Hyde and Jackie Davalos discuss ServiceNow's move to buy startup Moveworks for $3 billion. And, Crypto markets sink further as tariff tensions permeate investor sentiment despite pro-crypto announcements. Plus, President Trump says a deal for TikTok's US business could come "soon".

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Bloomberg's Caroline Hyde and Jackie Davalos speak with White House AI and Crypto Czar David Sacks as President Trump signs an executive order for a Bitcoin reserve. And, Broadcom shares rise as the company shows AI spending strength. Plus, a conversation with HPE CEO Antonio Neri as the company sees weaker profits for the year.

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Bloomberg's Caroline Hyde and Jackie Davalos discuss the AI selloff, putting pressure on the chips sector and earnings. And, China ramps up its AI competition, fueling stock gains in Asia. Plus, President Trump is set to meet with some of the biggest tech leaders as he seeks a repeal of the CHIPS Act.

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Bloomberg's Caroline Hyde and Jackie Davalos discuss a potential CHIPS Act reversal as President Trump calls the program "horrible". And, we take a look at how President Trump's tariffs are impacting the global tech sector. Plus, a startup that aims to bring back extinct species makes a breakthrough with a "Woolly Mouse".

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President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war.     

This podcast brings you the latest details and analysis, from Nathan Hager and Karen Moskow on Bloomberg Daybreak: US Edition.     

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The US new tariffs — 25% duties on most Canadian and Mexican imports and raising the charge on China to 20% — impact roughly $1.5 trillion in annual imports, an expansive move signaling to markets that the Republican president is committed to wielding import duties to obtain fresh revenue and create domestic manufacturing jobs. 
Canada hit back with phased levies on $107 billion worth of US goods while China imposed tariffs of as high as 15%, mainly on American agricultural shipments. Mexican President Claudia Sheinbaum on Monday said her government would await Trump’s decision before reacting with any retaliatory measures and is expected to address reporters on Tuesday morning local time. 
The moves mark a new phase in Trump’s broadening economic and diplomatic reset of America’s place in the world. Confirmation of the levies lays to rest doubts the US president would actually follow through on his repeated threats to upend global economic ties to counter what he casts as imbalanced trade. 
“We are in a new era where the mantra is to protect markets and the US is leading in this,” said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis. “China retaliated focusing on Trump’s staunchest voters in the agriculture sector. But that is not going to stop him.” 
The tariffs bring American import levies to their highest average level seen since 1943, according to the Budget Lab at Yale. That would lead to as much as $2,000 in additional costs for US households. It also will mean significantly slower economic growth in the US, especially if other countries retaliate, according to a report published Monday. 
And Trump has indicated more tariffs are to come, including in April reciprocal tariffs on all US trading partners that have their own levies or other barriers on American products, as well as sectoral taxes of 25% on cars, semiconductors and pharmaceuticals. Those tariffs are also poised to be cumulative — in addition to any across-the-board tariff on a particular nation. 
Trump has also said a 25% tariff is in the works for the European Union and is investigating levies on copper and lumber imports. Steel and aluminum tariffs are also set to take effect on March 12, further impacting Canada and Mexico.
Financial markets largely took the moment the tariffs came into effect in stride — with Chinese stocks even climbing intraday. In the run-up to the deadline, though, US equities tumbled the most this year, while Treasury yields earlier fell to the lowest in four months and oil dropped to a three-month low. 
The Canadian government late Monday announced it will proceed with a sweeping package of counter-tariffs against US-made products. The first stage is 25% tariffs on about C$30 billion ($20.6 billion) worth of goods from US exporters to go into effect at the same time as the US levies. A second round of tariffs at the same rate will be placed on C$125 billion of products in three weeks — a list that will include big-ticket items like cars, trucks, steel and aluminum. 
“Canada will not let this unjustified decision go unanswered,” Prime Minister Justin Trudeau said in a statement. The retaliation plan is the same as the one he announced in February after Trump signed his executive order for broad tariffs. 

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Bloomberg's Jackie Davalos and Romaine Bostick discuss a President Trump's potential announcement of a $100 billion chip-making investment into TSMC in the US. And, a look at the tariff impact on the tech sector as new tariffs on Canada, Mexico and China are set to go into effect. Plus, Hulu's Oscar headache as the streaming service faces major glitches during the live broadcast.

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