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

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

And I'm Ed Lodlow in San Francisco.

This is Blumberg Technology.

Coming up, Apple hit with its second downgrade in a week as analysts cautioned on slowing iPhone demand more analysis ahead.

And Mobile Eye plunges as its full year revenue forecast for short of all street estimates, full coverage on the autonomous

driving company's guidance ahead.

Plus new data painting a bleak picture for Silicon Valley.

We'll break down the state of venture capital as start-up saw their worst year for funding since 2019.

But first let's check in on these markets.

And well, the good news is bad news, the resilient job market means maybe we can't anticipate a Fed cut as much as the market

had been already pricing in. We're just down only slightly on the NASDAQ but it is

five straight days longest losing streak since October of 2022. I'm looking at the 10-year yield just backing up again up

seven basis points. Notably we are seeing a lot of supply coming into the system.

Corporate bond sales means supply issues ahead and that means of course some of that

pricing does just

fade a little bit New York crude off by 1.9% having seen tensions of course red sea

...