4.5 • 49 Ratings
🗓️ 22 July 2024
⏱️ 48 minutes
🧾️ Download transcript
Bloomberg's Caroline Hyde and Ed Ludlow take a look at President Biden dropping out and passing the baton to Kamala Harris, and who in tech will support her. Plus, shares of CrowdStrike plummet again as analysts sound the alarm after last week's widespread outages, and Tesla and Alphabet prepare to kick off earnings season for the Magnificent Seven.
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| 0:00.0 | Volatile markets, global elections, central bank policy, you've got questions about the business stories that affect your world. |
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| 0:10.0 | I'm Stephen Carroll, join me for Here's Why, a new podcast that drills into one big story each week. |
| 0:17.0 | We'll explain it in just a few minutes with help from one of our 2,700 journalists and analysts across the globe. |
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| 0:26.4 | with the Bloomberg Business App or wherever you get your podcasts. |
| 0:30.1 | Bloomberg Audio Studios. |
| 0:34.3 | Podcasts, Radio News. |
| 0:37.1 | From the heart of where innovation, money and power collie in Silicon Valley and beyond. This is Bloomberg |
| 0:45.4 | Technology with Caroline Hyde and Ed Ludlow. From Bloomberg's London headquarters in San Francisco, this is Bloomberg Technology. |
| 1:06.5 | Coming up in the next hour, markets entering uncharted territory as President Biden drops |
| 1:11.0 | out and passes the baton to Kamala Harris. |
| 1:14.1 | Who in tech will support her and what it means for companies in crypto? |
| 1:17.8 | Our shares of CrowdStry plummet again is analysts sound the alarm after last week's |
| 1:21.7 | widespread outages. |
| 1:24.0 | And gearing up for big tech results, Tesla, Alphabet and more prepared to kick off |
| 1:27.5 | earning season for the Magnificent Seven. |
| 1:30.5 | But first let's check on on these markets, Ed, we are having a much better day than we did from last week. |
| 1:36.5 | We are up the most since June, in fact. |
| 1:39.3 | So more than a month that we've seen such outperformance on the NASDAQ 1.3% higher after the worst week |
| 1:44.0 | since April last week, but we have to hone in really on the market impact of the news over the weekend. |
| 1:50.7 | Okay, let's get to the outlook for the 2024 presidential election. |
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