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Bloomberg Tech

Debt Limit Talks Roadblock, Disney Pulls Back from Florida

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 19 May 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down the impact of GOP negotiators walking out from talks with White House representatives to avoid a US default, and Disney's decision to drop its plan to move workers to Florida. 

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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 collie in Silicon Valley and beyond,

0:37.0

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

0:57.0

Ed Ludlow, he's off today.

0:59.0

This is Bloomberg Technology.

1:01.0

Coming up, well, all the artificial intelligence throughout the show you need.

1:05.0

From a potential bubble in AI stocks to an AI girlfriend, we've got you covered.

1:10.0

Plus, states versus companies will break down Disney's decision to pull back in Florida

1:14.4

Look at the legal challenges facing Montana as Tik-Toc users sue the state over the ban

1:19.7

And in today's VC Spotlight will speak with the founder of Atomic Labs, one of the original

1:23.8

backers of Hymns and Hers, as they announce their new 320 million dollar fund.

1:28.8

But first, let's check in on these markets and look, nervousness, nervousness about a debt ceiling debacle continuing to

1:34.9

erode some of that confidence as we go into a weekend we're off by a tenth of a

1:37.8

percent in terms of the Nasdaq just coming off of those lows but still worries

1:40.9

about what Chee Powell is saying, of course, speaking, the Fed Chair,

1:44.4

really looking as though he's in track for some sort of pause in June.

1:47.8

That of course implicates what's happening with the two-year yield and the ten-year

1:50.7

yield at the moment. We're seeing a bit of a steepening of the curve.

...

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