Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

Take part in solutions driven discussions on how to drive business value and unlock opportunity

while remaining nimble in times of change and greater ESG accountability.

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

That's Bloomberg Live.com slash sustainable Biz Singapore.

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

this is Bloomberg Technology with Caroline Hyde and Edla Loa. Love. I'm Caroline.

I'm Caroline High in a Blumberg's world headquarters in New York.

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

Coming up, a new bidder emerges for TikTok. We sit down with the Project Liberty

founder Frank McCourt to discuss. Plus we'll bring you the takeaways from Google's annual

I.O. Developers Conference.

An open AI's chief scientist who played a key role in Sam Altman's ouster,

who's departing the company.

We'll discuss that and so much more throughout the hour.

But first, let's check in on these markets. There is a

macro playbook happening and it is a cooler CPI print being digested by the

market that sends stocks to record highs. Record highs on the Nasak, record highs

on global stocks more broadly.

The S&P, the stock 600 over in Europe, also getting a lift because people start to

factor in that maybe we'll get those rate cuts from the Federal Reserve.

10-year yield, therefore diving down seven basis points.

...