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Bloomberg Technology

Silicon Valley Jobs and FTX Trial Latest

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 6 October 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde takes a look at the state of hiring in Silicon Valley after yet another blowout US payrolls report. Plus, FTX co-founder Gary Wang testifies in the trial of Sam Bankman-Fried, and a new report shows the US warned the EU on AI regulation and competition.

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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 in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Loa. Lo. I'm Caroline Hyde at Blueburg's World Headquarters in New York, Ed. He's off today.

0:59.0

This is Blueburg Technology.

1:00.0

Coming up, now we're going to talk the state of hiring in Silicon Valley after yet another blowout

1:05.0

US payrolls report.

1:06.7

And we'll bring you the latest information from the trial of Sambankman-Freed as the

1:10.0

FTX co-founder Gary Wang testifies that he and Bankman Free committed a multi-billion dollar

1:15.4

fraud with customer funds.

1:17.6

Plus we'll wrap up the latest from Google's antitrust trial and bring you what a new report that

1:21.6

shows the US is warning the EU on its AI regulation and competition.

1:27.0

First though let's check in on these markets because look blow out jobs number.

1:31.0

We see the ramifications in the bond market but actually tech

1:34.0

manages to push on through after initial knee-jerk reaction to that 336,000 jobs

1:39.3

report. We actually see the NASDAQ managing to push on higher 1.2% higher as we close out the week.

1:44.4

U.S. 10-year though, selling offer up some four basis points.

1:47.3

Once again, we're hitting like multi-decade highs here since 2007.

1:51.9

4.76 is where we trade Bitcoin actually on the higher

...

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