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Bloomberg Tech

Apple Rebounds in China, Bitcoin and Ether Retreat

Bloomberg Tech

Bloomberg

News, Tech News, Business News

4.470 Ratings

🗓️ 28 May 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

 Bloomberg's Caroline Hyde and Ed Ludlow break down Apple's rebound in China as iPhone shipments spike in April. Plus, Bitcoin and Ether retreat, and Elon Musk's xAI raises $6 billion in a fresh round.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. in Edla Loa. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

1:01.0

Coming up, Apple. It rebounds in China as iPhone shipments spike in April.

1:05.6

We bring you the details and the discounts driving the moves.

1:09.0

Plus we will have full crypto coverage ahead as Bitcoin and Ether retreat.

1:14.0

And we discuss all things AI as Musk's ex-AI raises $6 billion.

1:20.0

And open AI adds an oversight board.

1:22.0

All that and so much more coming up ahead,

1:25.0

but first let's go to these public markets.

1:26.0

And there's a lot of macro day to be digesting this week.

1:29.0

A shortened trading week, thanks to the holidays.

1:32.0

It was in the US and the UK but we're up

1:33.9

five tenths percent on the NASDAQ as we do see sentiment recovering you see home

1:37.8

sales recovering too with this strong economic data what then does the

1:41.8

Fed do it seems though for now we're still

1:43.9

pushing long technology even in the face of some hawkish sentiment coming

...

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