New FTX CEO's Reaction and Cisco's Earnings Beat
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 18 November 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down the latest in the FTX drama, with the new CEO saying the management of FTX is the worst he's ever seen. Plus, Cisco rises after an earnings beat and announcing 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 Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hyde at Broomeg's world headquarters in New York. |
| 0:45.0 | And I'm Ed Ludlow in San Francisco. |
| 0:47.0 | This is Bloomberg Technology. |
| 0:49.0 | Coming up, the man behind Enron's liquidation and now FTX's CEO. He says the prior management of the disgraced |
| 0:56.4 | crypto empire is the worst he's ever seen. |
| 0:59.5 | This is lawyers overseeing the FTX bankruptcy say Sam McWrenfridged tweeting is hurting their case. |
| 1:05.0 | Then Cisco's CFO joins us to talk about their earnings beat supply chain improvements and why the need for job cuts. |
| 1:13.0 | And we're a week away from the official start of holiday shopping season, |
| 1:16.0 | aired the digital strategy for retailers is more important than ever. |
| 1:20.0 | Macy's CEO joins exclusively to talk about expectations. |
| 1:24.0 | But first, let's talk about the FTS Empire collapse, a little bit more if you can bear it, |
| 1:29.0 | because FTS' new CEO has been slamming the non-existent oversight, the misuse of client funds |
| 1:35.0 | and saying that they're struggling to locate billions of dollars in |
| 1:37.8 | missing assets. |
| 1:38.8 | The most Katie Greifield is here with the shock, the awe, when we read of course that bankruptcy statement |
| 1:44.8 | coming finally Katie what did you make of some of the more sensational parts? |
| 1:48.9 | Well it's amazing because this is just day one this is the first thing that we've seen from John Jay Ray the third. |
| 1:55.1 | And like you highlighted at the top, again, |
... |
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