Tech Trade Under Pressure; Musk Sells His Vision of the Future
Bloomberg Tech
Bloomberg
4.3 • 71 Ratings
🗓️ 5 June 2026
⏱️ 44 minutes
🧾️ Download transcript
Summary
Bloomberg’s Ed Ludlow breaks down Elon Musk's vision of the future and how he enchanted investors even as he brushed aside questions about the SpaceX IPO at an investor event. Plus, he takes a look at May's hot jobs report even as tech stocks are under pressure with investors reassessing the path for interest rates. And, he recaps conversations with three of the biggest names in AI at the Bloomberg Tech event in San Francisco.
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Transcript
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| 0:00.0 | Some follow the noise. |
| 0:03.3 | Bloomberg follows the money. |
| 0:05.4 | Because behind every headline is a bottom line. |
| 0:09.3 | Whether it's the funds fueling AI or crypto's trillion dollar swings, |
| 0:13.8 | there's a money side to every story. |
| 0:16.5 | And when you see the money side, you understand what others miss. |
| 0:20.8 | Get the money side of you understand what others miss. |
| 0:22.3 | Get the money side of the story. |
| 0:25.3 | Subscribe now at Bloomberg.com. |
| 0:32.0 | Bloomberg Audio Studios. |
| 0:34.9 | Podcasts, radio, news. Bloomberg Tech is live from coast to coast. Radio News. |
| 0:46.7 | Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco. |
| 0:55.1 | This is Bloomberg Tech coming up. Elon Musk in Chance investors with his vision of the future as questions about the SpaceX IPO are brushed aside at an investor event. Plus, coming in hot, |
| 1:01.9 | jobs surge in May, but tech stocks are under pressure as investors reassess the path for interest rates. |
| 1:07.8 | And three of the biggest names in AI at Bloomberg Tech San Francisco. We're going |
| 1:11.5 | to bring you those conversations throughout the program. SpaceX's IPO is absolutely dominating |
| 1:16.8 | the news cycle, but there is so much happening in financial markets and a lot with the tech |
| 1:21.1 | sector. The S&P 500 is down a percentage point, but really the underperformance is in chip stocks. |
| 1:26.6 | We're down 4.7% on the socks. Interestingly, we're still positive on the week, but really the underperformance is in chip stocks. We're down 4.7% on the socks. |
| 1:29.0 | Interestingly, we're still positive on the week, but everyone kind of talking about chips and saying |
| 1:33.4 | we are due a correction. Actually, outside of chips, the rest of the AI trade is getting hammered. |
| 1:38.7 | Those jobs numbers for May were hot. U.S. 10-year yield, 4.5%. So bad news, guys. I'm sorry, I know it's Friday. The S&P 500 is down |
... |
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