for months while maga republicans are blocking aid ukraine has been running out of shells and emanation. putin's friends are keeping him multiplied. iran syndromes. north korea sent ballistic missiles. china provided components and know how to boost russia's defense production. with all this support russia has ramped up air against ukrainian cities and critical infrastructure. rained down munitions on rave ukrainians defending their homeland. now america will send ukraine the supplies they need to keep them in the fight. this weekend -- i find this amazing. reports of cheers breaking out in the trenches in eastern ukraine. probably came from one of you folks, the reporters. i'm not sure who it came from. they are cheering as they watch the house vote.

it is not like they don't understand what we done. not like they don't understand how critical this is for them. i am making sure the shipment start right away. in the next two hours, literally in the next few hours we will begin sending equipment to ukraine for air defense munitions, for artillery, for rocket systems and armored vehicles. this package is literally an investment. not only in ukraine's security but in europe's security. in our own security. we are sending ukraine corbyn from her own stockpiles -- equipment from our own stockpiles made by american companies in america. patriot missiles made in arizona. javelins made in alabama. artillery shells made in ohio, pennsylvania, texas. we are helping ukraine while at the same time investing in our own industrial base, strengthening our own national security and supporting jobs in

nearly 40 states across america. united states is not acting alone. our allies in europe and around the world who our cost asking us to step up. were not gonna walk away, or week? some of you have been in these international meetings with me. if we failed to step up law really knows what would happen to the cohesion of nato. they are also sending help to ukraine. we are all standing together gives this brutal dictator. as i have argued for months, this is directly in the united states national security interest. if prudent triumphs -- putin tramps in ukraine, next move can be a direct attack on a nato ally. you all know full well invoking article five of them with atlantic treaty would be the first thing that comes to mind, which declares an attack on one as an attack on all. if putin attacks and nato

ally, we have no choice but to come to their aid, just like our nato allies can to our aid after september 11 attacks. that is why we are supporting insurgent support now to ukraine, to stop putin from drawing the united states into a war in europe and in the future. we should take a little bit of a step back and realize what a critical moment this was for the united states and for nato. this is a historical moment. in the last two years we helped unify, strengthen and expand nato. imagine if instead we had failed to step up now and support ukraine. all those gains would have been begun to unravel. cohesion of nato would have been weakened. national security would have been undermined without question. putin started this war believing he could easily break the will of the people of ukraine. but that failed he changed his strategy. break the will of nato and the

united states. break our will. he failed again. america stands with her friends. we stand up against dictators. we bow to no one. to no one. certainly not vladimir putin. this bill also includes vital support for israel. just 10 days ago we saw iran launch over 100 missiles and drones that israel. because of them and other allies across the country, the world in the region, no serious damage occurred. an unprecedented attack that followed hears of iran supporting hezbollah, hamas, and proxies of their own attack on israel. they fund these guys. my commitment to israel is ironclad. the security of israel is critical. we will always make sure israel has what it needs to defend itself against iran and terrorists. with this aid united states can help replenish israel's care

defense and other critical systems so iran can never carry out the destruction it attended with its attack 10 days ago. at the same time this bill significantly increases humanitarian assistance we are sending to the innocent people of gaza who are suffering badly. they are suffering the consequences of this war that hamas started. we have been working intently for months to get as much aid to cows as possible. this bill -- to gaza as possible. this bill includes $1 billion for humanitarian aid. we will's secure that aid including food, medical supplies, water. israel must make sure all this aid reaches the palestinians in gaza without delay. everything we do is guided by the ultimate goal of bringing hostages home, securing a cease fire, and setting conditions for an enduring peace. there is more the bill does, as

you all know, the press here, including providing for support to strengthen our allies and partners in the indo pacific region, as well as humanitarian aid to places including haiti, sudan and somalia. there is one thing the bill does not do. border security. just this year i proposed and negotiated and agreed to the strongest border security bill the country has ever seen. it was bipartisan. it should have been included in this bill. i am determined to get it done for the merrick and people. i will come back to that in another time. this is a reminder what america can do when we come together despite our differences. i want to thank everyone in congress who made it possible, especially the bipartisan leadership. speaker the house mike johnson, leader jeffries, leader schumer and mcconnell.

when it matters most they stepped up into the right thing. i mean this sincerely. history will remember this time. if over member this moment.for all the talk about how dysfunctional things are in washington, when you look over the past three years we see the time and again on critical issues we have actually come together. has not was been easy. when it is time to decide to rebuild america we did with the bipartisan server infrastructure look -- bipartisan infrastructure law. with the technologies of the future we did it with the chips and science act. when it came time to stand with ukraine and israel and help the people of gaza, we did that as well. at the end of the day most of us, whether we are independents believe america must stand up for what is right. we don't walk away from our allies. we stand with them. we don't let tyrants win. we don't watch global events unfold. we shape them. that is what needs to be the

indispensable nation and the world's superpower and leading democracy. some of our maga republicans reject that vision but this vote mx. a clear there is a bipartisan consensus for that, movement -- boat makes it clear there is a bipartisan consensus for that. i will have plenty of time to answer questions on this and other matters. caroline: president biden leaving, having made his speech following the signing of the bill with some $95 billion in aid to you create, israel -- ukraine, israel and the end of pacific. and that is the divest of tiktok. the u.s. will start sending military aid to ukraine within hours. he goes on to say that regarding israel it must make sure the u.s. provided aid reaches gaza.

more on this with kailey leinz. what did you make of the speech from biden? kailey: he clearly was trying to convey this aid package was just as much about u.s. national security interests as it was about the interests of our allies. he said that repeatedly on the subject of ukraine. the idea that russia thought he could break the will of the ukrainian people, then i thought it could break the will of nato and the united states and that resolve still stands. in the words of president biden, we bow to no one. certainly not vladimir putin. he does indicate that within hours we will see the start of this age moving toward ukraine. on the subject of israel not only was he talking about the defense could provide in terms of air defenses, making sure they can withstand a future attack like the one iran attempted just 10 days ago, but he made the point to talk about humanitarian aid. this will provide aid to the palestinian people and he had sharp words for israel. they must make sure all the aid reaches the palestinians in gaza

without delay. going on to say he wants to see the hostages that still remain in hamas's hands returned. he pointed out with the bill did not contain, which of course was any measures on border security. there have been with the supplemental aid package a border deal that was struck earlier this year between bipartisan negotiators in the senate and the white house. it went nowhere because of opposition from former president donald trump. while border measures were not in it, other measures where that don't relate directly to aid allies, including the seizure of frozen russian assets which can be used to find ukraine's war efforts. and the tiktok divestiture. ed: one other area of importance to our audience is the indo pacific. taiwan in particular. part of this bill in semiconductor electronics infrastructure. explain the parameters that

relate to that region. kailey: this is a smaller amount of money than the money being provided to ukraine or israel. the tune of about 60 -- $60 billion plus for ukraine. taiwan was about $9 billion. it's about the indo pacific, not taiwan individually although it represents a big chunk of this. that speaks to the idea the national security interest try to combat many different fronts in many different theaters. russia on one hand and ukraine. iran and the iranian proxies in the middle east and the threat of china, making sure there is security given the importance of taiwan not only to the u.s. in terms of symbolism and representation of a democracy and wanting to maintain that but also the security in the region given it is vital in terms of the supply chain but there are concerns with other u.s. allies and in the region bike the philippines in regards to the south china sea.

that is why you see it more broadly be the end of pacific region also addressed -- end of pacific region -- indo pacific region. caroline: when we think about asia and china, the moment of president biden speaking on the signing, the ceo of tiktok also put out his own statement using another social media platform of x to post his response, saying the bill is a disappointing moment and outlined what this means for tiktok. kailey: it was interesting to listen to the language in this video. what this legislation actually does is say tiktok will be and in the u.s. if it is not divested within the requisite timeline, which is nine months with the possibility of a three-month extension should a sale process already be underway. if tiktok or bytedance were to move ahead with the sale of its u.s. division. bytedance, specifically tiktok does not indicate they will do so.

we will keep fighting for the rights in court. the facts and the constitution are on our site and expect to prevail. basically signaling this will be a protracted legal battle over this issue. despite what lawmakers may say that they want to see tiktok continuing to operate in the u.s., they wanted in u.s. hands rather than in the hands of a chinese company that could be sharing data with the chinese commonest party. he begs to differ and said make no mistake, this is a ban on you and your voice which is one of the issues opponents of the legislation had around first amendment rights. this could maybe be in violation of this content creators who are trying to use the platform to share their voice. those concerns did not prevail over the wider concerns that proponents of the legislation had about the data security of americans and potential chinese manipulation of the content they are seeing on the platform. ed: we will continue to cover this very big tiktok story later in the hour. kailey leinz, thank you very

much. the other big and top technology story is tesla. shares are up 12% off session highs when they were up 16%. contractor their biggest gain in two years. more than two years. three key points him earnings. tesla has accelerated the introduction of lower-cost affordable ev platforms. there's a second point which is an absolute focus on ai and autonomous driving. musk spelled that up for wall street. the first quarter was absolutely disastrous. investors are completely looking past it. donna hall has been all over the story for seven days straight and she joins us now. let's start with what i think the market zero in on, which is affordable ev's are coming sooner than we expected and not in the form we expected. donna: that was the big surprise. there were two things.

the shareholders said they were accelerating their more affordable plans. musk seven might even see this more for double model by the end of this year. -- affordable model by the end of this year. investors have been worried about slumping sales because they don't have a cheaper ev. there was a lot of negative sentiment going into this call. there's a sense now that the shares have maybe hit the bottom. musk has been the ceo since 2008. he has been on every single earnings call the company has had except for one. he understands wall street psychology. he pulled a rabbit out of a hat and has them focused on the brie future yet again. caroline: not as bad as feared. can you outline how they accomplished that? what questions did he answer? what transparency did only not get on the current method of manufacturing to create a

cheaper vehicle? dona: the earnings part was terrible but he focused it on the future. basically not down this reuters story that said there is no more affordable car. it's completely dead. tesla basically said they have been working all along on bringing more affordable cars to market. we will learn more about that on august 8. that was a little murky but the reason why the stock is reacting so positively is he gave people hope there is going to be more affordable models but also he's incredibly bullish. the way in which he spoke, the confidence with which he spoke. if you don't believe we can solve this autonomous problem, you should not be an investor in the stock. it was an indication as to how confident he is in the technology everyone -- the technology tesla has been

working on for a decade now. ed: let's show what he had to say about autonomy. he spelled it out for wall street in no uncertain terms. this is the plan. it is ai and autonomous driving. we got some specifics. i think we are trying to understand if we got clarity or any new information in the shareholder deck, a purpose built robotaxi. on the call and excellent nation of how a robotaxi service would work. what did you learn? dona: the big takeaway is tesla is coming for uber. they are -- their robotaxi, the cybercab, is this service that will be fully electric and autonomous. there has been questioned as to how this fits with the clean energy mission. it does that if you can utilize vehicles to be the most efficient and the miles that are traveled are electric, you are

diverting a large amount of carbon from the atmosphere. this has been part of the plan ever since the master plan 2016, part two. the shareholder deck shows the tesla app. they were talking about a service that sounds like it will come sooner rather than later. caroline: phenomenal reporting across the earnings with the podcast going deep into the focus. dona: and the bingo card. caroline: you must be exhausted. we thank you so much. let's go from investor perspective. is this the time to be plowing into tesla stocks? nancy tengler, ceo of laffler tengler, is this reaction right? this increase in tesla shares on the day when ultimately the quarter was ugly. nancy: i agree with dana. sorry for my voice.

caroline: we will give you a moment. nancy: elon gave investors what they wanted to hear. if you look under the hood and you have a long-term perspective, we think this is when you want to add. we have been doing that. it is not just the autonomous driving, which they have 300 billion miles driven in their models. it is based on the mega pack which is growing at 50% a year. we think it could be worth more than the car business in the future. those are utility great batteries. i think the company is pivoting. he's giving investors what they want to hear. in three to five years it will be a very different looking company. caroline: we are indeed going to be digging into the battery side of the equation later in the show. how cautiously do you add

to your position like tesla? are you buying day in, day out? do you see a moment we get the headline anticipate what happens in august? have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused on improving that software.

the software is slick and about 50% of drivers use it. the adoption rate will increase and the rest of us will come to the party at some point. ed: nancy, great to see you. i want to scratch a bit deeper at that, because it is completely black-and-white for musk. he could not be more clear to investors. if you don't believe in the autonomous driving vision, don't be an investor. what is interesting for institutional professional investors like you, somebody had an affordable ev at the heart of their thesis. musk is saying no. have autonomy at the heart of your thesis. what is of the heart of your thesis with tesla? nancy: good point, ed. coming from san francisco you probably don't see the volume of self driving cars that we see. it is in our face everyday in arizona. i think it's an important component of growth.

some say it is 60% of their number. but we are focused on is the vertical integration of the company, the vertical integration of the mega pack. i went to the factory. it is compelling. as we sort of grapple with green and renewables you have to have a way to store that. tesla is the industry leader, the low cost provider. that is at the heart of our thesis but we know it is a story stock. you need ev's to come along. you need him to be correct on robo. let's also stipulate he has never met his deadlines. he is directionally correct but not on time. ed: laffler tengler --nancy tengler, ceo of laffler tengler, could not think of a better person is be to. the impact on competition. this is bloomberg.

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book now. caroline: u.k.'s antitrust watchdog is gathering information to determine if the for billion-dollar collaboration between amazon and the ai firm anthropic threatens competition in the u.k.. with us more is catherine. cma is not holding back on this. spell it out for us. catherine: last week the cma said it was worried about these partnerships and investments at ai companies by the big tech firms. they are worried the companies are using these as covert opportunities to really have influence over the emergent technologies. they have opened three new probes and it adds to the probe that was in the works of

microsoft's investment in openai. ed:, jerry quickly if the cma moves forward, what are the repercussions? katherine: it's just an invitation to comment stage. this is a merger under their different terms. then go to phase one. that would be the first stage of the probe. there will be substantial -- taking go to a phase two probe. they can ask for divestments of certain things or they can block them altogether and tell them to unwind it. there are a lot of desk lots of different scenarios but now it's in the early stages. ed: great reporting. coming up, more on tech earnings with dan newman of the future group. a big conversation coming up. from san francisco and new york city, this is "bloomberg technology." ♪ ♪

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ed: welcome back to "bloomberg technology." caroline: let's get a quick check on the markets. we are thick and fast and earnings season and trying to digest the bond market action. big sales of the five-year after the two-year auction yesterday. still holding on to gains more broadly as big tech wins out. interesting moves of the japanese yen, basically weakening to levels we've not seen in two or three decades. we are expecting some intervention as we break through this 155 level. bitcoin down versus the u.s. dollar today. off by 2.4%. there is still some anxiety in risk assets. have a look at what's happening in terms of individual moves on the tech landscape. not totally tech a lot to do

with tech. boeing. it had been flying high. more than 4% after earnings came in better-than-expected but the crucial headline of the 787 produced on just five jets per month. that is a worry to investors. tesla just soaring, up 11% after an awful first quarter in terms of revenue and profitability but pointing towards a focus on those cheaper, more affordable cars. texas instruments. the benchmark of chips stocks all higher today, up more than 6%. it's earnings spread across ibm. there's a deal going on with ibm. that is what is being currently debated by the market. we will give more earnings after the bell from ibm's full -- ibm. ed: meta is one that is absolutely huge and we have not talked on yet. let's get to what to expect and bring in dan newman. let's start with meta.

everyone is talking about it in the ai context. it is completely outperforming social media peers because of ai. what are your expectations? dan: good to see you both, ed and caroline. meta has been on an incredible run. what it has been able to do both of the open source community with its new llama models and build on those models and apply them to their technology has been nothing short of astounding. last year it was all about the company getting operationally in-line. they made. the cuts they had to make they started growing. now can they continue that growth on a year-over-year basis? they had several continuous quarters of really great growth. they can do it. they did get a boost with what is going on with tiktok as well. i don't know that will immediately come into effect. they are the biggest winner of that decision.what the market re

expecting is this company will be talking about ai today, how they will create better experiences. they have this really committed platform. palm like search which genitive ai is going to disrupt, the reason are on meta's apps and platform is about community and social. they will become the biggest winner in this ai boom. ed: when the earnings statement hit on the call i will be looking for commentary around pricing growth from ai and impressions. it's a different ai story to microsoft, to google. that is next week. is there a commonality between those two names and this earnings season you are focused on? dan: it is the ability to apply the ai technology being developed driving the revenue, driving the margin enhancement, creating stickiness on the platforms. we know the search market is

going to be disrupted. attribution, click through. people spending time on social platforms, ai is only making it stickier. you have to like that a lot. i love what they are doing in terms of building their own technology. the company has become the open tech company. who would have thunk in the world of apple and metal -- meta that meta would double down on going open. they are building robust models with llama 3, and now with horizon they are doing it with ar nvr. we will be the open platform for developing these next-generation technologies. there is a lot to like. the one concern i have is that on a year-over-year basis they have grown so fast that the expectation from the street -- they could have a great quarter and still miss. you have to keep that in perspective. they have had six tremendous quarters in a row. at some point the music will stop. we will be asking that question

about nvidia later this quarter as well. caroline: such a huge market capitalization increase, can they live up to it? we did hear ed mentioned microsoft and google, alphabet. both are cloud names. i want to look at the cloud name after the bill today. ibm, big on hybrid cloud, on prem, and then bringing it to the cloud. i'm interested what you make around the rumor and what you're expecting from the numbers. dan: ibm is an interesting one. i'm very fond of their growth strategy. i spent time with artie krishna. he has doubled down on hybrid cloud nai. it is not trying to be a hyper scale cloud provider like aws. they want to be the enterprise cloud provider and we will double down on ai. where is that coming through? really with the watson x products. on a quarter to quarter basis it's the numbers double the last couple of quarters.

you are still talking hundreds of millions of dollars. this platform has a lot of what the enterprises need. the data strategy and management. is the governance and compliance. we hear so much about issues with risks related to how data is trained in how people are consuming it. ibm has leaned in on that governance. large enterprises are giving the company a look and saying we need someone that can really manage our data. i'm inspecting that number from the cfo to be a big focus today. having said that, u.s. about the microsoft and google. they are the fastest-growing clouds and i expected to continue. google came off of really positive cloud. dear vertically integrating. whether it is openai, gemini, all of these large cloud providers are finding people are building on more than one cloud. ai has been the driver that has

brought this multi-clutch at a g to life. caroline: i want to go back to what you said with meta. they can still have a great quarter but missed the very heady expectations. more broadly, we have seen this market near record highs because of this ai play. this euphoria. do you put stock in the fact the company's can live up to the high expectations of this quarter? dan: the entire market is on stilts. the companies need to live up to the expectations. there is so much troubling economic data out there, whether it is the sticky inflation or higher interest rates or concerns about elections. you have geopolitical issues around the world. right now ai has been the propeller of the industry. nvidia's numbers will create more concern than even these but if microsoft and google have a tough quarter and some extent meta people will be alarmed at whether or not this ai growth is

going to accelerate to this multitrillion dollar opportunity in the near term. you have to discount long-term cash flows and look against the value of growth, the forward multiples. ai has enabled us to oversee it. microsoft's open and is exonerating -- openai is accelerating. google's is accelerating. this weekend next week with a couple of the amazons and apples that will follow, if they don't come out well actually in concerned this could be what drives the next leg down. having said that i'm optimistic these companies will get more prescriptive as to how ai is driving growth and how it will continue to drive growth, productivity and efficiency. people want to see earnings. caroline: they want to see the proof this is working. daniel newman, great to have you back. thank you. let's turn to the future of entertainment. the industry reaching a truly worldwide audience. also netflix is doubling down on

global ambitions. emily chang sat down with the -- take a listen. emily: i've had lots of jobs in hollywood and linear networks and studios stop there was a really domestic focus and then you can sell your title internationally. we were always going to do storytelling locally in that way. it's been a big part of our business. two thirds of our members are outside the u.s. emily: is it paying off? bela: yes. [laughter] it's also understanding that people in different countries, it's an investment in local storytelling. to spend time in those places. not have a western lens on what that is and understand each local creative ecosystem.

be close to the storytelling. ed: that was netflix's chief content officer. coming up, what the tiktok bill could mean for creators and businesses that use the social media platforms with ltk cofounder and president amber -- that ain't amber. caroline: let's talk about another interesting story. the destination of where certain companies are located. oracle is doing it again. moving from california to texas and now they are moving to nashville from texas. larry ellison is making that decision because it's a bet on the future of what he can do after a big deal. this is bloomberg technology. ♪

caroline: you are looking at a live shot of the principal room. we are a month away from our

live event in san francisco. this is bloomberg. ♪ ed: let's get back to the legislation involving tiktok. let's bring in alex barinka. we had that breaking news from the tiktok ceo basically saying whatever happens we are not going anywhere. he leaned on the idea that this was an issue of freedom of speech. you have written a smart piece in the last 24 hours about the 270-day timeline. the bill is signed into law but there is a curious chronological occurrence relating to inauguration day. explain your reporting. >> the bill gives 270 days for bytedance to separate from tiktok or face a ban, but the

clause allows the president at the time to extend that for an additional 90 days. that deadline ends up being on january 19. you will know that is the day before inauguration day. regardless of what happens in this presidential election, president biden will be on the hook for deciding does tiktok and bytedance get an extension if there is no divestiture at that point. it's an important distinction to make because of what we have seen out of the leading republican candidate donald trump. he did write the first executive order to ban tiktok in the u.s. in 2020. these days he has changed his tune. he said he think tiktok should stay. this battle tiktok has had with d.c. has been very much pulled around by whichever administration is in power. it seems with this happenstance timing that it is not going to change to the next election. caroline: such smart reporting throughout this week.

alex barinka, thank you so much for all the nuances surrounding tiktok. now we want the perspective of the creator right now of a still -- focusing on the tiktok. joining us now is the cofounder of ltk. you yourself in many ways on influencer. your business supports influencers. what questions are you fielding? are people turning away from tiktok among the unknowns? amber: we are educating a whole new generation of creators on what it is like to live in the future business in the creator economy. we lost our business in 2011 and we were talking about blogs. next came pinterest and then instagram and then snap and tiktok. i'm old enough to have lived through several generations of platforms. i see them now where they rise and they may befall out of consumer favor.

there's either an evolution of these platforms or revolution. this is something we have built specifically at ltk. moving from the first chapter being blogs, the second chapter social media, now third chapter where creators need to find a home base. what we have seen on tiktok as they changed the paradigm for social media. it is no longer about building commuter. it is interest based feeds. i then have to hook someone based on their interests and bring them back to the home base. we are in an effort to make sure our creators who started their career on tiktok understand this is expected and prepared for and they have actionable next steps. caroline: what i'm also wondering is how many questions you are fielding onwhether the influencer's role -- whether the influencer's role is to support one of their platforms. the sudden flurry of activity on the hill and it's whizzing through congress, we have not heard much from the influencer base.

tell us your stories. make it clear to lawmakers as to why this is so important. should you be fighting for tiktok? amber: history also tells us that the platforms are ultimately misaligned to creators. i hate to have to say it but is true. the business models don't work for a creator. they are usually taking 100% margin on their ad revenue. the creator gets out of this symbiotic relationship is distribution and discoverability. creator's loyalty is to their audience and not to the platform. that is what they are feeling now. how to make sure my audience knows i'm here and where they can find me because i want to continue to be in a relationship with them? that is what i have to sell. it is the trust i have of the community which means i have to have one. ed: the technology secret sauce, amber, for tiktok seems to be algorithmic. you have talked about interest-based feeds. in a divest scenario there's concern that algorithmically

china might act. i don't think you to weigh in on that but there's a value and explain to the units how effective tiktok is algorithmically speaking in matching the content to its target audiences. amber: incredibly effective. it has changed what it means to be a social media platforms. before this you did not think or talk about explore pages or discover pages. it was about finding someone you like and then be recommended another person which was more about machine learning and ai. when tiktok entered the scene their algorithm is so far superior to what we have seen on any other platform that you could log into the platform, not follow anyone and have a fee that felt like it was absolutely 100% created just for you this platform was made for you. if you look on average where adults are spending their time, tiktok has an hour a day on average for adults. that is much greater. youtube is in second place and following are all the other

social media platforms. we know in china there is legislation that they are not allowed to export their algorithm. in any sort of divestiture from what the chinese government is saying the algorithm would not come with the tiktok property. ed: very quick. if you can't use tiktok what is the next best thing? amber: ltk. our creators are creating everyday. they are making a place where they can connect with their audience. the most important thing a creator has is trust. we see with gen z there are -- they are three times more likely to trust a creator over and add. the vast majority says they shot from creators. as a creator, if trust is what you are selling, how do you stay in touch with the audience every day? they are a discovery platform and you have to have a place to grow your community. ed: camber, thank you so much. coming up, science --synsqo ceo

ilham kadri for a on batteries. this is "bloomberg technology." ♪ this is our future, ma. goy airo. creates a logo, webs even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo

ed: ev industry after tesla earnings. a specialty company about two break ground tomorrow. north america's largest

reduction facility for a critical component of ev batteries. joining us is the synsqo ceo ilham kadri. the narrative is demand on the ev side. why is the chemical composition important right now? ilham: hello and good morning. thank you for having me. . it will bea great day tomorrow we are groundbreaking can augusta -- in augusta. one of the largest materials manufacturing sites that will go on stream in the next five years to cater more or less 5 million ev cars. we believe the long-term fundamentals of the electrification in america is still there. we believe more than 30% adoption will happen between now and 2030. it will be more than half of the productions moving to evr

hybrid. you are seeing some delays for good reasons. some softness in sales. it takes three years to build the plant. we believe in this electrification field by consumers -- fueled by consumers. our customers are demanding on shoring domestic manufacturing materials like ours to support the adoption and cost competitiveness. caroline: supply chain been a headache for many. from your perspective what is needed to ensure we hit that level of adoptions of ev and hybrids over the next five years? ilham: you need cheaper cars, ev cars and hybrid cars. the technology will enable that. a few years back half of the cost of tesla cars wasn't battery. now it is 20%, 15%. we will get it to single digits.

higher electrical density. therefore more autonomy and driving. less driving angst. the cost curve of the ev at hybrid cars are going to come down like any new technologies. . we are enablers we commercialize the generation ion batteries. we are agnostic to technology. we are all day working on generation 4 and 5 batteries that will get even smaller batteries, cheaper, more affordable and safer. caroline: congratulations on breaking ground tomorrow. we look forward to having you back on the show. synsqo ceo ilham kadri, we thank you. what a whirlwind. ed: we are in the thick of it earnings-wise. find the podcast on apple,, spotify, and the bloomberg platforms. big week.

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sonali: welcome to "bloomberg markets." stocks are struggling for direction now as the s&p hits session lows amid a wave of earnings. let's get a check on the markets. the s&p 500 breaking the two day winning streak, down 3/10 of 1%. the nasdaq 100 is also moving into the red territory, though barely. flat on the day, even with exuberance around the magnificent seven. we will talk more about that throughout the hour. two-year yield's, they had their big option yesterday waiting for the five-year yield that was up to .467 on the day, four basis points higher while thetw-