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Bloomberg Tech

The Banking Crisis, Crypto, and Amazon's Job Cuts

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 20 March 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down what the latest details in the banking crisis mean for tech investing and crypto. Plus, Amazon announces it is laying off an additional 9,000 employees. 

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:30.4

From the heart of where innovation,

0:32.1

money and power coll collide in Silicon Valley and beyond,

0:36.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline Hyde of Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

1:00.0

Coming up, financial conditions, they tighten what the latest details in the banking crisis mean for your tech investing.

1:06.5

We go live outside of Credit Suisse and talk First Republic's stock drop.

1:11.0

Plus what the banking fallout means for crypto as Bitcoin topped 28,000 for the first

1:16.0

time since June amid the turmoil.

1:18.3

And we'll bring you the latest on job cuts in the world of technology.

1:21.9

Amazon announces it's laying off

1:23.8

an additional 9,000 employees.

1:26.9

All that, and so much more coming up.

1:29.0

Broadly, the focus is on the banking sector, right?

1:31.1

That's where the feel good is in the equity markets. You see

1:33.8

underperformance in mega caps. They had a really strong week, last week, tech seen as a safety play.

...

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