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Bloomberg Tech

One Year Since the War in Ukraine and Nasdaq 100 Takes a Hit

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 24 February 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the latest inflation print spooking risk-on sentiment and tech investors. Plus, the DOJ wants to block Adobe's Figma deal, and a look at cybersecurity on the one-year mark of Russia's invasion of Ukraine. 

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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 Bloomberg's world headquarters in New York.

0:46.0

And I'm Ed Lodlow in San Francisco.

0:48.0

This is Bloomberg Technology.

0:50.0

Coming up, tech stocks, they take a hit.

0:51.0

The latest inflation print spooking risk on

0:54.0

sentiment we'll get the sector outlook.

0:56.0

Plus we'll get the outlook for M&A is the Justice Department I's Adobe's 20

1:01.2

billion dollar bid for Figma.

1:03.0

And on the one-year mark of Russia's invasion of Ukraine,

1:06.0

we'll take a look at why cyber security is more important now than ever.

1:10.0

All that and so much more coming up.

1:12.0

Broadly invested today, we were shunning risk amid fears of that impact of higher rates.

1:17.0

However, Kate Moore of Black Rock speaking earlier today to our John Ferris, see some silver linings,

1:21.6

Scaro, for the tech sector.

1:24.0

There was a decent amount of overhiring across tech and in software and parts of semis.

1:30.0

And we've seen those companies get out ahead of the market in terms of announcing layoffs.

1:35.1

So that's been really productive.

1:36.5

And so I expect these companies are going to weather this economic and policy storm pretty well.

...

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