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

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline Heine Heine-Hyde-Loomberg's world headquarters in New York.

I'm Ed Ludlow in San Francisco.

This is Bloomberg Technology.

Coming up, US inflation it tops forecasts in a blow to rate cut hopes. We'll discuss

the implication of higher for longer rates on the tech sector. Plus we'll dive into the names

reporting tonight after the bell and get a read on the health of the gig economy.

And we'll get an outlook for crypto, that's as Bitcoin drops, having hit $50,000 for the first time in two years.

All that and so much more coming up first we check on in two years. All that and so much more coming up. First we check on in the

macro picture. Today is dictated by that hotter than anticipated

CPI print which means well the market now anticipates rate cuts not happening until at least July

you let alone March that we had previously been anticipating look it is not

therefore to those rate cut views and the S&P 500 falls off that all-important

5,000 level that we don't you just hit on Friday.

The NASDAQ under pressure, the NASDAQ 100 in particular, one of the worst performer off by 1.2 percent.

So big tech really being squeezed at the moment and you see those borrowing costs

absolutely leaping to the higher side. The two year yield eclipsing the highest

...