emily: i'm emily chang in san francisco. coming up, alphabet. the ads business took a hit after suspending advertising in russia and advertisers pulled back more broadly in europe. our chat about the latest report coming up. plus, free speech and how will elon musk change twitter? does he even know? we will debate it with two guests. and, wearables tracking your waking and not waking moments. we talk with giants like apple, later this hour. we will get to all that at the moment but first, stocks sinking. we are watching microsoft and apple in the back of earnings and tesla and twitter closely. ed ludlow is here with the rundown. ed: alphabet parent company, google down 6.5% after hours. a rare miss on the top line. $56 billion excluding traffic acquisition costs. i know the ceo talked about macro headwinds, particularly in advertising that you are going to dig into. also announcing a share buyback program. the stock not going well. we are getting signs already this is feeding through to the broader market, so we are interested in how the psychol

emily: i'm emily chang in san francisco. this is “bloomberg technology.” coming up, the plot thickens. twitter adds elon musk to its board just a day after musk disclosed he is now twitter's largest shareholder. turns out former ceo jack dorsey and the new ceo are in on it. what does it mean for twitter, free speech and the world's most public town square? we will uncover the story from all angles through the hour. plus, what is it like to work on the board with elon musk? we will be joined by former tesla boardmember steve wesley who will share the good, the bad, and the unexpected with having one of the world's most controversial innovators in the room. and he has fashioned himself as a free speech defender, but will musk be good or bad for free speech? could it open the door for former president trump to be unbanned from the platform? first, twitter shares up another 2% after a 27% spike monday. ed ludlow is here to break it all down. we can debate the long-term impact but no question it has been good for investors in the last 48 hours. ed: especially c

emily: i am emily chang in san francisco and this is "bloomberg technology." disappointing results from netflix and snap, will a slew of big tech reports be the same? we look ahead to apple, google and meta. and in less than a week, the state of florida has stripped disney of special privileges in the state. what it means for the supposed happiest place on earth. and how ai could reshape digital ads. i will talk to the founder of muni as it works to make advertising more personalized for you. first, let's get a look at the markets and the end of a painful week for tech. ed ludlow is here. ed: friday firmly in the red, the nasdaq down 2.7%, the biggest drop since march 7. you're talking about netflix, snap earlier in the week. we have anxiety going into a crucial week for the mega cap next week. were also looking at the fed speak and the pace of hikes and how aggressive they will bp did yields a little -- how aggressive they will be. looking at yields. bitcoin caught up in the overall risk off sentiment we have seen, below $40,000. brace yourself, emily chang b

emily: i'm emily chang in san francisco, and this is "bloomberg technology." coming up, from largest shareholder to board member. how elon musk's sudden moves at twitter raise alarm at the sec. we will have all the details. plus, as uber adds flights, dreams, even hotels. how the ceo wants to expand beyond rides and food delivery. and bitcoin 2022 is underway in miami. we will bring you the latest from the crypto conference and catch up with some of the attendees, later this hour. all of that in a moment. first, let's get a look at the markets. it is day two of elon musk's twitter board member joining. after a huge spike in shares, how are investors feeling about twitter today? >> it is definitely the story of the week. twitter over the last three days, you are looking at the rally that elon musk built. shares are up almost 30%. they did decline a little bit today, but held off in a broad-based selloff. if you look at the big board you can see the yield curve held onto its steepening trend. you have those long bonds continuing to sell off. if you look at oil p

i'm emily chang in san francisco. after a decade of meteoric growth, netflix has run into a wall. the streaming service losing 200,000 subscribers in the first quarter, the first time it has shed subscriber since 2011, shares plummeting in late trading. joining us now is my guest, what do you think happened here? >> what i think happened here is that the content is not resonating the way it should. while they are making a lot of excuses, it's hard to look past the fact that when netflix had great content, their subscribers have exploded. it seems like there's a connection between some of their film content -- they put $5 billion into the film business and it does not appear to be having the type of impact on subscriber growth. that they expected. they are making a lot of excuses. is it a supply chain for tv's or a problem with connected tv sales? sure. we have seen that with roku stock and vizio, we've seen this with other companies but there is no doubt a big chunk of this is netflix's content is simply not breaking

chang. >> i am emily chang in san francisco and this is bloomberg technology. a big poster in his pop for meta-and sharp contrast to its plans last quarter. how facebook is holding onto its users. we will talk to jason goldman. he is part of the founding team and an early board member. what does he think of elon musk swooping in on his version of free speech? and we will talk to the cofounder about the new play in telehealth. we will get to all of that in a moment. big tech earnings continue. meta-and qualcomm out. quick still to be driving the market higher. the tech heavy nasdaq ventured into negative territory. it did jump as much as 1.8%. that is one point today. almost 4% yesterday. seeing a rebound there. the yields were higher but it did not seem to scare off equity investors buying stock. it is a really big day for big tech earnings. we will talk about meta-in just a second. i want to look at qualcomm as well. that beat all analyst estimates. let's switch up the board and look at meta-platforms. for the pop we are seeing here. they are up 16% and it is

this is "bloomberg technology" with emily chang. emily: i'm emily chang entrance and cisco and this is "bloomberg technology." coming up, elon musk is now the biggest shareholder in twitter. why did he wanted, and what change will he push for? or now that shares have shut up 27%, could he just sell? we have discovered from all angles. plus, we will hear directly from okta ceo todd mckinnon his first interview since that massive third-party breach was disclosed. what really happened, and how are they addressing customer concerned? we will have all the details in an exclusive interview. and coming out of crypto's breakout year of 2021, what trends should we watch for now that greater adoption is underway? from inflation to regulation. we will speak from a top exec from the crypto platform gemini about their latest global report. first to the biggest story of the day, elon musk and twitter. the tesla and spacex ceo is closing in a filing he now owns a 9.2% stake in twitter worth somewhere around $3.7 billion, making him the company's l

emily: i'm emily chang in san francisco and this is bloomberg technology. coming up in the next hour, a big poster earnings pop for meda in sharp contest to its plunge -- contrast to its plunge last quarter. we discuss how facebook is holding onto its users. plus we talk to jason, part of the early founding team and twitter. what does he think about elon musk swooping in and his version of free speech? and we will talk to a co-founder and ceo of 23 and me about telehealth and her vision for building a health care company unlike anything we have seen before. we will get to all of that in a moment, but first let's get a look at the moments. big tech earnings continue. meta-and qualcomm out. emily joins us to break it down. emily: dip buyers in the market today. the tech heavy nasdaq ventured into negative territory in the final minutes of trading, but it did jump as much as on .8% at one point today. that was after a big loss yesterday. almost 4% yesterday. really seeing a rebound. yields were higher, but it did not seem to scare off equity investors for buyi

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up, historic day in washington and the united states, the first black woman appointed to the u.s. supreme court. what this means and how her confirmation could impact rulings on tech regulation. plus the latest on how the fcc might handle the fcc delay that elon musk delay in announcing his twitter stake. and we are at the kennedy space center ahead of the all private trip to the international space station, put together by acxiom. we will talk to the star of shares about what how it all came together and what it means for the future of space travel. in my exclusive conversation with the ceo of ebay on the drover e-commerce and -- post-pandemic world, how ebay fits in. all of that in a moment, but first let's get a look at the markets with katie greifeld. katie: we saw some relief in equity markets. the s&p 500, there are 4/10 of 1% higher. brent crude, this was an interesting story, it did finish higher but at one point it was below $100 per barrel, which is remarkable. bonds

emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, watershed moment, amazon, a vote to unionize. will it drive a push for organized labor across the u.s.? we will discuss. -- organize labor across the u.s.? plus, chinese authorities preparing to give full access to auditing reports that the 200 plus companies, chinese companies, listed in new york. we break it down. and fractal is the new nft gaming company founded by the twitch co-founder. why does he think in a piece future of gaming? he will join us for an exclusive interview in this hour. first, stocks in flux, mixed signals, jobs report, war, talks between russia and ukraine. ed ludlow here to break it down. ed: yeah, that's a lot. happy friday. stocks did bounce into positive territory. information technology was the worst performing sector. you see the nasdaq 100 managing to end just shy of up .2%. it was all about jobs, adding 500,000, unemployment fell by more than expected, and a robust labor market, all signals is the fed will be tightening aggressively, but yiel

emily: i'm emily chang in san francisco and this is "bloomberg technology" coming up in the next hour twitter boards mounts a poison pill defense against elon musk while musk continues to taunt them, pointing out that without jack dorsey board members own almost no shares. and if not for me they would not get a seller. all the details on if this is a hostile takeover. an inside look at a factory in illinois. and see how the ev maker is trying to combat the chip crisis. it is expected to be the busiest wedding season in decades. we'll chat with the ceo of the runway about hollow those i do' -- how all of those i do's could be big business. he sent a tweet, three words "love me tender." he could've been listening to the elvis presley song or could it be a reference to potential tender offer to twitter shareholders for control of the company? friday twitter board shows the poison pill defense invoking a provision that would make it harder for musk to acquire more shares and dilute his stake. ed ludlow here to break it all down. what is the latest? ed: twist and turns. the 7.5% gain in sh

i'm emily chang in san francisco. this is bloomberg. ♪ this is bloomberg. ♪ this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to the original jurassic park... on us. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and check out jurassic world: dominion, in theaters june 10th. >> good morning. we are counting down to asia's major market open. shery: the top stories this hour, elon musk seals the deal to take twitter private, one of the biggest buyout agreement in history. paul: a turnaround, a busy week for big technology earnings.

emily: i'm emily chang in san francisco, and this is "lumbar technology." coming up, apple shares sore after an impressive second quarter. an all-time services record also. i spoke with apple ceo tim cook and we will tell you what he had to say. and just as elon musk is poised to take over, twitter revenue misses on top of a new report that the sec is investigating how musk disclosed his twitter shares as he amassed a massive stake in secret. qualcomm diversifies beyond phones, cars, and computers. the ceo joins us later this hour. we will get into all that in a moment, but first, we are watching apple, and amazon results also out this hour. emily: well, it was a largely green day for the u.s. stock market. the s&p 500 ended up 2.40 7%, and the tech heavy nasdaq 100 also ended up higher by 3.48 percent. that was the largest one-day game since march 16. we also saw yields higher, but did not seem to bother equity investors. of course, it was a larger -- largely risk on day, so we also saw bitcoin finish the day higher. the big story of the day was really all

i'm emily chang in san francisco. this is bloomberg. ♪ yousef: this is bloomberg daybreak middle east. the top story, elon musk is going to take twitter private in one of the biggest leveraged buyout's in history. stocks stabilized as pboc plans to increase support. markets took a worsening growth outlook and spread

emily: i am emily chang in san francisco, and this is bloomberg technology. coming up in the next hour, the first major u.s. carmakers report third-quarter results, and tesla don't disappoint. how the company's handling supply issues rising costs, and , production delays while the ceo explores buying twitter. plus netflix still falling, down 35%, making it the s&p's worst performer of the year so far. is the solution adds? gaming? better content? or maybe a big buyer? like apple? we will explore. and as markets fall, the ceo of amazon web services tells me he is open to deals of all sizes. he joins me in studio on the heels of the aws summit in san francisco. we will explore the future of the crowd. and what about amazon as a buyer of twitter? that interview and more coming up in the moment. but all eyes on tesla. first, results just out. ed ludlow has been digging in. what are you seeing? ed: tesla basically putting out the bag in a really challenging supply chain environment. shares up 5% in after-hours. earnings, a revenue of over $18 billion in the quarte

emily: i am emily chang in san francisco this is bloomberg technology coming up the next hour tech stocks plunge amazon having their worst day since 2006 the nasdaq at sinking. the biggest pain points for big tech going forward. elon musk sales tesla chairs -- shares to pay for twitter and he starts to come up with billions more. tesla shares are down and twitter shares are trading lower. can muska make the tricky math at up? over to his of the company we are watching the spacex rocket about to take off from cape canaveral. it is poised to make history marking the fastest turnaround for a refurbished rocket ever, we are all to you live. in a moment let's take a look at the market. tough day for tech stocks, extending the losses worth monthly drop since his -- the global financial crisis. >> it is hard to put it in perspective you're looking at the s&p 500 adding is worst month since march of 2020, big tech having its worst month since the fall 2008, if that does not put into perspective i do not know what is. you have brilliant endless coming up on your program, there is a big disconnect,

i'm caroline hyde in for emily chang. with several big names expected to go public, some are accelerating efforts. here to join us is the senior vice president and head of u.s. listings and revenues and the nasdaq. talk to us about the solidity of the pipeline. how are we seeing companies -- are they hunkering down until we see the ease up and volatility, or is it something different? >> i think companies are preparing to go public. i think this year is going to be a situation where you see windows of opportunity and they want to be able to hit the market when that window opens. you are starting to see signs of life. we are very focused on the vix, the volatility index. when that is between -- below 25 which is where we like to see it, 95% of companies go public when it is below that level. we are very focused on that as a lead indicator as well as the convertible market, which has started to open up. the vix has stayed below 25 the last 18 sessions which is a good sign. yesterday to get inbound calls from companies looki

chang. ♪ emily: we will have the latest on what the white house is doing to buoy the u.s. and tech economy and how some tech companies are helping ukrainian refugees get back to work. plus, i'm it's the ongoing ship crisis, apple makes a plea for new chip suppliers. we talk about why the iphone maker is expanding its roster next. and a fledgling union takes an early lead in an election to unionize and amazon warehouse in new york while the union trails in a separate election in alabama. we will have the latest. all that in a moment, but first, i want to look at the markets. u.s. stocks sinking to their first quarterly loss in two years, two years since the pandemic started. our led ludlow here with the day. ed: technology shares no exception. look at the nasdaq 100. it's biggest quarterly drop since march 2020, a quarter we all remember as the start of the pandemic here in the united states. the mega caps have been much worse. you see that 2.9% drop, which also includes u.s.-listed china tech company shares. that had its worst quarterly drop since 2018, so clearly, there i

emily: i am emily chang in san francisco, and this is "bloomberg technology." coming up in the next hour, russia attack on civilians, and a train station being used for evacuation. promising war sanctions and financial aid read we will have the latest. >> let's get this party started. emily: we will also take you to the latest on tesla's cyber radio in texas, where elon musk inaugurated his newest factory. that is next. and the toll on china's lockdown on its economy. what does it mean for china's competitive advantage and more? all that and more next, but how investors continue insight in ukraine and the lockdown in china. let's go to kailey leinz. take it away. kailey: your big underperformer for your tech stocks, the nasdaq 100 finishing 1.4 percent lower. a lot of that had to do with the selloff that we saw in bonds. 10-year treasury yields by four per -- four basis points, and chips once again ending in the red. let's end with tesla, falling about 3%, one of the reasons why you saw the nasdaq 100, tesla obviously a huge weight there. and also following the

i'm emily chang in san francisco. this is bloomberg. [speaking foreign language] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ good morning and welcome to daybreak australia. we are counting down to asia's major market open. >> good evening i'm shery ahn. u.s. stocks slide as treasury yields a surge with traders bracing for the possibility of more aggressive fed tightening. >> president biden boost aid to ukraine and vladimir putin says that russia

emily: when you look at valuations, are you changing your own bar in terms of what is reasonable? do you think more broadly we are going to see a lot of air get let out of the balloon? guest: since -- our biggest mistake to be clear over the last five to 10 years was not predicting multiple expansions. had we, we would have made billions of dollars more than we did. the way we make investments is we make models. then we slap a reasonable earnings and revenue multiple on it and discount back. there were a bunch of deals over the last, a bunch of deals got done in 2021 that we could not figure out how people work underwriting these valuations. when we stuck in our multiples that with our reasonable, we couldn't get there. we use the historical average multiple and we will continue to do that. in fund five, we had only done one or two deals in the bay area. other deals in random places around the world. in fund six, you will cs do more stuff on the coast because i think valuations are getting to be more reasonable. emily: fast just closed shop yesterday saying they ran out of money.

>> this is "bloomberg technology ," with emily chang. emily: coming up in the next hour, apple shares sore after an impressive second order, records almost across the board on iphone sales, ipad, makkah, with all-time service record. i spoke with tim cook and we will tell you what he had to say . just as elon musk is poised to take over, twitter revenue misses, slowest growth in six quarter on top of a new report that the ftc is investigating how he disclosed after amassing a massive steak in secret. qualcomm sores after diversifying around phones, cars, and computers. we will get to all of that in a moment but first we are watching apple and amazon results. emily joins us now to see how investors are reacting. >> it was a largely green day for the stock market, the s&p 500 ended up 2.47%. the nasdaq 100 was higher by 3.34 8%. the largest one-day gain since march 16. yields were higher but it didn't seem to bother investors and it was a largely risk on day with it going finishing the day in new york higher. we tend to see that risk on tr

i am emily chang in san francisco. this is bloomberg. ♪ at xfinity, we live and work in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ haidi: a very warm welcome to daybreak australia. you're counting down to asia's major market open. shery: good evening from new york. the top stories this hour, the fed warns high inflation and geopolitics are clouding the outlook for growth. the san francisco fed president says the central bank should raise rates expeditiously to neutral by the end of the year. haidi: u.s. stocks swing as treasuries

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i am emily chang in san francisco. this is bloomberg. ♪ if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. manus: this is "bloomberg daybreak: middle east." yousef: president biden says vladimir putin could face a war crimes trial for atrocities. manus: we get a rates decision from the reserve bank of australia in under a half-hour. investors look out for any signs of whether policymakers will start the tightening cycle next month rather than wait

emily: i'm emily chang in san francisco. coming up, alphabet. the ads business took a hit after suspending advertising in russia and advertisers pulled back more broadly in europe.

chang. >> i am emily chang in san francisco and this is bloomberg technology. a big poster in his pop for meta-and sharp contrast to its plans last quarter. how facebook is holding onto its users. we will talk to jason goldman.

emily: i'm emily chang in san francisco, and this is "bloomberg technology." coming up, from largest shareholder to board member. how elon musk's sudden moves at twitter raise alarm at the sec. we will have all the details. plus, as uber adds flights, dreams, even hotels. how the ceo wants to expan

caroline: i'm caroline hyde in new york in four emily chang. coming up, you guessed it, elon musk, we are covering it. he offered $43 billion in cash to take twitter private. will shareholders ever have the option to vote? we discussed. the sec might have a few thoughts. he vented his frustrations with the agency including his infamous settlement where he was forced to step down. and the online sneaker marketplace that is making its foray into europe with a multiyear deal with the french soccer club of the goat co-founder ceo. first of all, let's get to the biggest story in tech today, the elon musk bid for $43 billion, what he wants to spend to take twitter private. ed ludlow breaks it all down for us. take it away. ed: everyone trying to make sense of what this means, going back to basics, it's an all cash offer, $54.24 per share. in the regulatory filing he said that part of the offer was conditional on the anticipated financing, one of the big questions, how does he pay for this? huge interest. come with me to my bloomberg terminal. look at

chang. ♪ caroline: i am caroline hyde in new york, in for emily chang, and this is "bloomberg technology. one week later twitter is no , longer getting a new board member in elon musk. and we will go to the floor the

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up, historic day in washington and the united states, the first black woman appointed to the u.s. supreme court. what this means and how her confirmation could impact rulings on tech regulation. plus the latest on how the fcc might hand

emily: i am emily chang in san francisco and this is bloomberg technology, coming up in the next hour netflix hits a wall, the streaming giant loses subscribers for the first time in a decade, 200 thousand of them, 2 million more will go.

this is "bloomberg technology" with emily chang. caroline: i caroline hyde in for emily chang and this is bloomberg technology. elon musk wants to take twitter private and is offering $43 billion in cash to do so. plus, the sec might have thoughts on mosques interest in twitter. he vented his frustrations, including the settlement where he was forced to step down as tesla's chair. the gold group is moving into team, -- sponsorships and making a deal with a french soccer club. first, let's get to the biggest story in tech today. it is elon musk's bid to take twitter private. ed ludlow breaks it all down for us. ed: to say it was a choppy day per trading in twitter is an understatement. this is a $43 billion all-cash offer, $53 per share from moscow. he said it is conditional on quote, anticipated financing which is one of the big questions. huge interest in terms of shares traded. let's look at the volumes. the line on the right-hand side of this chart mimics what we saw april 4, when the state elon musk held in twitter was first dis

emily: i'm emily chang in san francisco, and this is "lumbar technology." coming up, apple shares sore after an impressive second quarter. an all-time servic

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, the twitter board mounts a poison pill defense against elon musk while musk continues to taunt them, pointing out that without jack dorsey board members own almost no shares.

emily: i am emily chang in san francisco, and this is bloomberg technology. coming up in the next hour, the first major u.s. carmakers report third-quarter results, and tesla don't disappoint. how the company's handling supply issues rising costs, and , production delays while

and of course bloomberg's emily chang. this is bloomberg. ♪ mberg. ♪ >> this is bloomberg markets european close. you are looking at the principal room. coming up, major food cofounder joins bloomberg tv at 2:30 new york. this is bloomberg. keeping you up-to-date with the news from around the world, here is the first word. the central bank in russia cut interest rates more than forecasted and indicated borrowing costs may fall even lower. the bank of russia lowered its benchmark rate from 17% to 14%. policymakers also warn the country may face a two-year recession in the wake of the invasion of ukraine and sanctions. officials in china are defending the covid euro strategy as still the best way to fight the pandemic. they say the current outbreak is coming under control. cases in shanghai showing signs of turning around. the lockdowns have been criticized for heavy social and economic costs. global news, 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over 120

emily: i'm emily chang in san francisco. this is “bloomberg technology.” coming up, the plot thickens. twitter adds elon musk to its board just a day after musk disclosed he is now twitter's largest shareholder. turns out former ceo jack dorsey

emily me -- in many ways it chances change? emily me -- in many ways it changes nothing _ change? emily me -- in many ways it changes nothing if _ change? emily me -- in many ways it changes nothing if the _ change? emily me -- in many ways it changes nothing if the only focuses i changes nothing if the only focuses on the security council and on russia's beetle of power at the security council and it sends a very strong signal to the country that they un general assembly in the world government does not approve of its actions and that is taking sanctions against it at the united nations. and what it takes this threat seriously. wish i had sent out many are tested diplomatic missions at the united nations warning states that if they abstain or if they voted for this resolution that it would impact the bilateral relations between russia and those countries and what's very impressive is how many countries like india that have vocally supported russia in many ways chose to anyway vote in the right and tomorrow and just way. who supported russia? the the right and tomorrow and 'ust wa

chang. caroline: i'm caroline hyde in new york elon musk offered $41 billion

in silicon valley and beyond, this is boomer technology with emily chang. this is blumer technology and coming up, elon musk is the biggest shareholder in twitter. why does he wanted and what change will he push for? now that shares have shot up 27%, could he just sell

chang. i am carolyn hyde in new york. this is bloomberg technology. coming up, the new york city subway shooting. a suspect has been arrested and faces terrorism charges. meanwhile, 280% of a completely fake press release claimed tesla had bought the nevada minor. and this crypto startup, circulated $400 million in funding from blackrock and fidelity. first and foremost, we bring you a story close to home for us. the biggest story of the day. those were the words from eric adams, we got him. >> they stopped mr. james at the corner of st. mark's place and 1st avenue in manhattan. course he was taken into custody without incident has been transformed -- transported to an nypd facility. twice he has nine arrests in new york dating back to 1982. joining now is our correspondent. first and foremost, 30 hours this man was on the street. had this been deemed a success or not? in the aftermath of the attack, it was reported that the cameras were out. james, the suspected shooter was said to have lef

he told emily chang there has been growth across the entire business. >> this strategy is working for the company. it is really working. we are now growing across all business and a number of different markets. yes, it is a great story, it will continue to be a great story. we are doing well. no good deed goes unpunished, i guess, by doing well. we get all these questions, but the reality is the iot growth has been incredible. we grew 61%. an auto, we have a 3 billion-dollar design pipeline within the quarter. the company is truly changing from what is perceived to be a communication company, it is really a connective processor company for intelligent edge. hopefully that message came across. emily: you have gotten so many questions about your relationship with apple, including from yours truly. the call focused a lot on samsung. is it better for qualcomm to have samsung as a successful customer as opposed to apple? if so, why? >> that is a good question. i think it goes to the heart of our mobile strategies. here's the reason we are doing so well, one of the fastest growing revenues

chang. caroline: i'm caroline hyde in new york elon musk offered $41 billion in cash for twitter. he vented his frustrations with the agency including that now infamous settlement when he was forced to step down. go group in team sponsorships and a multi-year deal with a french soccer club. our interview with the goat co-founder and c.e.o. let's get to the biggest story. elon musk bid $43 million to buy twit r. take it away. >> to say it was a choppy day is an understatement. that was $43 billion all cash offer. $54.20 per share from musk. it is conditional on anticipatedded financing. how would he pay for this? let's look at the volume. the line on the right hand side of this screen mimics what we saw on april 4. 250 million shares changed hands on thursday ahead of a holiday weekend. we know the retail investors also a big part of this story, interesting to see that on the right-hand side of your screen. i mentioned a moment ago how is he going to pay for this? elon musk sate he had the fi