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Bloomberg Tech

Elon Musk's Pay Package and Broadcom's Surge

Bloomberg Tech

Bloomberg

News, Tech News, Business News

4.470 Ratings

🗓️ 13 June 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Tim Stenovec break down what to expect from Elon Musk's $56 billion pay package vote as Tesla's AGM kicks off. Plus, a look at Broadcom's surge as AI demand boosts its results, and at the financial terms of Apple and OpenAI's landmark agreement.

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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 collide in Silicon Valley and beyond,

0:37.0

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

0:57.0

And I'm Tim Stenoveck. In for Ed Love, though, this is Bloomberg Technology.

1:00.5

Coming up, we push ahead to the all- important vote results on Elon Musk's 56 billion dollar pay package

1:06.2

that as Tesla's AGM it kicks off.

1:08.6

Plus we'll turn to earnings as Broadcom surges as AI demand boosts its results.

1:14.0

And we'll dig into the financial terms of Apple and Open AI's partnership

1:17.7

amid their landmark agreement.

1:20.1

But first let's check in on these markets because we've got still record high after record high across benchmarks if you're looking the

1:27.5

S&P 500 be your fourth straight record high on the day. We're seeing the Nasdaq up another tenth of a percent.

1:32.3

Look not the big gains that we saw yesterday

1:34.0

But we digest yet another cooling of inflation with the PPI report the macro picture looks good

1:39.2

The 10-year yield falls down another three-four basis points. Let's call it foreign costs on the downside

1:43.7

not so much love for European stocks though still open to trade we're off by 1.3

1:47.5

percent more political anxiety happening in Europe and perhaps of course

1:51.2

digesting a big move that we had yesterday.

1:53.0

Move on to see what's happening in the world of crypto Tim.

...

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