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Bloomberg Tech

Tech Stocks Bounce Back and Tony Fadell's Advice

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 11 May 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down the latest market moves with the Nasdaq 100 seeing a bump a day after a sell-off that erased trillions. Plus, her interview with iPod inventor Tony Fadell and his advice to entrepreneurs in these times of market turmoil.

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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.

0:28.0

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomer Technology coming up in the

0:58.8

next hour a bounce back for tech stocks the Nasdaq 100 seeing a bump a day after a sell-off that erased trillions.

1:06.8

But will it all be undone with new inflation numbers come Wednesday?

1:10.3

We'll discuss.

1:11.6

Plus Elon Musk says banning former President Trump on Twitter was, quote,

1:16.8

flat out stupid, and, but he'll reverse it.

1:20.9

And Tony Fiddell's unorthodox advice to founders in these times of market turmoil,

1:26.4

the so-called father of the iPod and co-founder of Nest talks about the most and least exciting inventions coming out of Silicon Valley today.

1:35.6

That's later this hour.

1:36.6

I want to dive into this ongoing volatility, especially in the tech sector where we've seen a big

1:41.9

sell-off since the start of the year. I'm joined

1:43.8

now by Ellen Hazen. She is the chief market strategist at Putnam

1:47.9

Investment. Ellen, thank you so much for joining us. So look, what do you make of this sell-off especially when it comes to

1:55.5

tech? Have we hit bottom or is there more to come? There's probably more to come. It makes sense that text stocks have pulled back so far because we saw

2:05.0

text stocks do so well in the last three years, particularly with the pull forward

...

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