Nasdaq Drops 4% and Twitter's All-Hands Meeting
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 16 June 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down the latest market moves with the Nasdaq 100 leading the charge in tumbling US stocks as global recession fears ramp up. Plus, what came out of the virtual meeting with Elon Musk and Twitter employees.
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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. |
| 0:23.7 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money, and power collide. |
| 0:35.0 | In Silicon Valley and beyond, this is Bloomberg Technology with Emily J. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up in the |
| 0:58.1 | next hour global recession fears ramp up as the Federal Reserve struggles to tackle widespread inflation. |
| 1:05.6 | The NASDAQ 100 leading the charge in tumbling U.S. stocks. |
| 1:10.6 | Plus potential layoffs pay and freedom of speech. |
| 1:14.1 | It was all discussed at a virtual meeting with Elon Musk and Twitter employees. |
| 1:18.6 | We're going to talk to a former Twitter insider about the future of the social platform. |
| 1:24.6 | And crypto crisis, a conversation with Mike Novograts of Galaxy Digital about when he expects |
| 1:29.1 | this crypto winter to warm up. |
| 1:33.2 | First I want to talk about the markets with Carol Schlieff, |
| 1:36.1 | BMO Family Office Deputy Chief Investment Officer. |
| 1:39.6 | So Carol, how are you reading it? |
| 1:41.2 | Up yesterday, down today? How do you make sense of it all? |
| 1:46.0 | It is definitely tough to make sense of it but I think part of it reflects investors |
| 1:50.8 | on a day-to-day basis yesterday there there was some exuberance, particularly over Chairman Powell's |
| 1:56.1 | conversation after the actual Fed meeting |
| 1:58.9 | and the Fed release in the press conference, |
... |
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