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Bloomberg Technology

Tesla's China Approval and Paramount's CEO Ousting

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 29 April 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow look at Tesla getting a tentative approval for its driving system in China. Plus, Paramount is expected to oust its CEO ahead of earnings, and SoFi shares drop after 2Q guidance disappoints.

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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 in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde andnaudlow. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco.

0:59.0

This is Bloomberg Technology.

1:00.0

Coming up, Tesla gets a tentative approval for its driving system in China. Details ahead.

1:06.0

Plus Paramount expected to oust its CEO ahead of earnings tonight.

1:11.0

We'll bring you the latest.

1:12.0

And Sophie shares shares they drop after

1:14.2

Q2 guidance disappoints. We're going to discuss all of it with the CEO Anthony

1:18.6

Noto. But first let's check in on these markets because look we're cautiously up on the NASDAQ at the moment

1:24.0

up three-tenths of a percent we've got a big week you got the Fed you got the all-important

1:28.0

claims we've got jobs data on Friday we're seeing the NASDAQ still managing

1:31.7

to be up about 48 points.

1:33.0

Now we're seeing a 10-year yield actually diving back some four or five basis points, let's call it ahead of the

1:37.4

all-important Federal Reserve.

1:38.9

And indeed, just where we see this economy, this interest rate environment going. Notably a lot

1:44.2

capturing the attention on the macro perspective and what's happening in Japan at the

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