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Bloomberg Tech

Stocks Whipsaw and ServiceNow Gains on Positive Outlook

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 25 July 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde brings full market coverage as stocks whipsaw after GDP data calms the AI rout. Plus, the CEO of ServiceNow discusses the company's strong earnings and exit of its COO, and the startup Vanta raises $150 million with the help of Sequoia Capital.

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Transcript

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0:00.0

Want to understand exactly how interest rate rises will impact your mortgage?

0:07.0

Or how New York City gets fresh produce.

0:10.0

Or exactly what on biggest stories in finance, economics, business, and market.

0:24.0

I'm Tracy Allaway, and I'm Jill Wiesenthal.

0:26.7

And we are the hosts of Bloomberg's Ad Thoughts Podcast.

0:29.4

Look us up wherever you get your podcasts.

0:31.4

The All-Th Thoughts Podcast from Bloomberg. Bloomberg Audio Studios. Podcasts, Radio News.

0:45.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond. This is Bloomberg Technology with

0:55.0

Caroline Hyde and Ed Ludlow. Live from London, this is Bloomberg Technology.

1:14.0

Coming up, full market coverage ahead.

1:17.0

As stocks whipsaw after GDP data calms the AI route.

1:21.0

Plus, we turn to the micro picture and sit down with the CEO of

1:24.5

Service Now on earnings. And we talk venture funding with the CEO of

1:29.6

startup Vanta as it raises $150 million for the help of Sequoia Capital.

1:34.8

We check in on what was an enormous sell-off yesterday.

1:39.4

$760 billion in market capitalization was a raise from the Magnificent 7 on Wednesday.

1:45.4

A total wipeout.

1:46.9

In fact, we saw basically a trillion dollars wiped off the NASDAQ 100 more broadly.

1:52.2

But today, maybe some signs of calm creep back into the market.

1:57.0

We bounce off our lows, we're actually in the green on the major benchmarks, all after what seems to be a

2:02.4

Goldilocks reading on GDP.

2:04.1

I'm pleased to say for more is Isabel Lee who can deep dive into what is driving this

...

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