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 Ed Ludlow. in Edla Loa. I'm Carolina. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

And I'm Ed Lodlow in San Francisco.

This is Bloomberg Technology.

Coming up, we'll take the pulse of the market and get a read on appetite of those

Magnificent Seven as one name struggles to keep up with a pack.

And Snap, joining the chorus of technology companies, announcing job cuts with plans to slash 10% of its global workforce details ahead

Plus we'll get a check in on the state of the semiconductor industry as global chip sales

they're projected to hit a record this year.

The CEOs of Onsemey and Element Solutions join the program.

But first let's check in on these markets and it's a day of macro affecting some of the

individual names at the moment.

The market takes a turn as once again we're running too hot,

the ISM number really coming in strong services going well

and indeed the cost of services employment as well.

What does this all mean in terms of overall

inflationary pressure? We know that of course joining CBS over the weekend was one

...