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Bloomberg Tech

Live from CES and More Crypto Layoffs

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 5 January 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde in New York and Ed Ludlow live from CES in Las Vegas break down the latest in consumer technology from the biggest show there is. Plus the latest from cypto companies announcing more layoffs. 

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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 World Headquarters in New York.

0:45.0

And I'm Ed Ludlow at CES, the Consumer Electronics Show in Las Vegas.

0:51.3

This is a special edition of Bloomberg Technology.

0:54.0

Coming up this hour, at Amazon, Genesis, trading, stitch fix to the long list of tech companies

0:59.8

cutting costs by laying off staff. But this is the macro picture the ADP projects a stronger

1:05.1

than expected jobs report for tomorrow.

1:07.0

Plus, the director of the Cybersecurity and Infrastructure Security Agency

1:13.4

tells me that cyber safety is a public good

1:16.2

that demands quote radical transparency we discuss with crowd strike

1:20.2

CEO George Kurtz.

1:22.0

And Ed, surrounded by electric and autonomous vehicle technology over at CES.

1:26.0

We'll hear from Mobilized CEO, an ambition to target self-driving tech to hit the streets.

1:33.0

But first, let's check in on the here, the now, the reality is the markets.

1:37.0

And the reality that is good news is once again bad news if you're along these markets.

1:42.0

That's MP5 run off by 1.1%.

1:44.0

Nasdaq Big Tech taking the hit off by more than 1.5%.

1:47.0

And that's because the macro picture once again looks resilient

1:50.0

when you look at the jobs picture, the ADP number coming in stronger than expected

...

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