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

this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up in the

next hour Apple announces a rare sales promotion for the iPhone in China

but is the discount a bad sign? We'll discuss.

Plus on the latest episode of Keeping Up with Tik-Tok, Meta introduces a new revenue sharing feature

to help creators make more money from videos set to music,

what it all means for Facebook's and Instagram's efforts to outrun Tik-Tock.

And the flight of tech workers may well be leaving a hole in San Francisco. Can the city

recover or to Silicon Valley need to start rethinking, reinventing itself as a tech

hub? We'll talk about that later this hour. All of that in a moment, but first I want to get a look at Walmart. I want to bring in our Bloomberg consumer team leader, John Edwards. John, what's your take on these results? Well, yeah, it's, you know, obviously to some extent of surprise, given that Walmart had expressed confidence

previously in how it would handle, you know, bringing its inventories down, you know, it was

something of a contrast with Target which had, you know, moved aggressively to start, you know, cutting prices more quickly to really

you know slash those inventories which have built up at a lot of retailers.

Walmart had said that it would sort of let them ease down over the next couple of

quarters but I think what they're seeing is that consumers are even more

...