China's iPhone Ban and Instacart's IPO
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 7 September 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down why Apple wiped out as much as $200 billion dollars in market value after China broadened its iPhone ban. Plus, how Instacart is preparing to set its IPO price range as soon as Monday.
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Transcript
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| 0:00.0 | The Bloomberg Sustainable Business Summit returns to Singapore on July 31st for solutions-driven discussions on unlocking growth in times of increased ESG scrutiny and competition. |
| 0:12.0 | Join global business leaders and investors |
| 0:15.0 | to drive innovation and scale best practices |
| 0:17.7 | in sustainable business and finance. |
| 0:19.9 | Learn more at Bloomberg Live.com |
| 0:22.0 | slash Sustainable Viziz Singapore. |
| 0:24.3 | That's Bloomberg Live.com |
| 0:26.0 | slash Sustainable Biz Singapore. |
| 0:31.4 | 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. I'm Caroline Heide in Bloomberg's world headquarters in New York. |
| 0:57.0 | And Ahmed Ludlow in San Francisco, this is Bloomberg Technology. |
| 1:01.0 | Coming up, oh Apple, wiping out as much as $200 billion in market value. |
| 1:04.9 | That says China broadens its iPhone ban. |
| 1:07.6 | We'll discuss the outlook for the company and what it means for US-China relations. And we'll dive deep into the world of artificial intelligence with the CEO of Inbew, which just raised |
| 1:17.8 | $200 million and we speak to the former CEO of Argo AI as he embarks on a new mission with more than a billion dollars |
| 1:25.2 | in backing expected to come from Soft Bank. |
| 1:28.0 | Meanwhile Instacart preparing to set its IPO price range as soon as Monday as the startup is gearing for its road show. |
| 1:35.4 | We'll bring you all that and so much more. |
| 1:37.4 | But Ed, the market is being dictated front and center by what is happening with Apple right now. |
| 1:43.5 | Yeah, and that's exactly how we frame it. |
| 1:45.3 | The news, Chinese authorities, according to Bloomberg sources, |
| 1:48.9 | thinking about expanding a ban on the iPhone in state enterprises and in government agencies. |
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