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. I'm Ed Ludlow in San Francisco.

Caroline Hyde off this week.

Welcome to Bloomberg Technology coming up Silicon Valley Bank, finds a buyer.

We'll bring you the details of First Citizens

Takeover what it means for tech and be the biggest banking failure since the

financial crisis. Plus we'll get the outlook for tech stocks as Mike Wilson of Morgan Stanley warns of elevated risk in markets

we discuss with an even bigger Wall Street bear Greg Boutall of B. N. Parabar.

And China wants to develop a business-friendly image,

but how does the retreat of its biggest moguls impact the CCP's pitch to tech?

We'll break it all down with the balloon though. Big take.

Here's the picture in markets.

Actually, we turned a corner in the last few

minutes and at 1% at 1% the Philadelphia semiconductor index down 1.3%

tech really the underperformer. We saw some outperformance in banks on that relief

with further citizens stepping in for SVP. Be at the short end of the curve you see yields higher

risk off going through to Bitcoin as well down below 27,000 US dollars per token.

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