peter kern, ceo of expedia, good to have you here in person. coming up, our exclusive with cathie wood, ceo of ark investment management, how she is explaining the big drop in her fund, next. this is bloomberg. we are at the "bloomberg technology" live. -- summit live. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create emily: welcome back to "bloomberg technology" live from our big tech summit info to francisco -- in sanford cisco. in the world of etf's there are few as influential as cathie wood. she spoke exclusively with our very own ed ludlow. cathie: if you look at our performance, o flagshipur performance -- our flagship performance from the low

peter kern, ceo of expedia, good to have you here in person. coming up, our exclusive with cathie wood, ceo of ark investment management, how she is explaining the big drop in her fund, next. this is bloomberg. we are at the "bloomberg technology" summit live. ♪ emily: welcome back to "bloomberg technology" live from our big tech summit in san francisco. in the world of etf's there are few as influential as cathie wood. she spoke exclusively with our very own ed ludlow. cathie: if you look at our performance, our flagship performance from the low of covid until the peak of february 2021, that was an increase. we had a lot of problems through the coronavirus. we were rewarded accordingly. since then, when we hit our trough, down 75%. why? inflation and interest rates. it is and trusting to be here, walmart territory, because we are learning a lot from the retailers now. [indiscernible] the fear of rising interest rates and inflation control has gripped the market. but not the equity market. if you look at the fixed income market, it does not a