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Bloomberg Technology

Bitcoin's Big Surge, Tech Takes on Geopolitics

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.549 Ratings

🗓️ 5 December 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde discusses bitcoins rise as President-elect Trump picks pro crypto proponent Paul Atkins to head the SEC. And, global geopolitical risks weigh on the tech market outlook. Plus, the countdown starts for TikTok's divest-or-ban ruling.

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Transcript

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0:00.0

exchanges the goldman sacks podcast featuring exchanges on the forces driving the markets and the economy exchanges between the leading minds at goldman sacks new episodes every week listen now are you looking for a new podcast about stuff related to money? Well, today's your lucky day.

0:22.2

I'm Matt Levine.

0:23.3

And I'm Katie Greifeld.

0:24.7

And we are the hosts of Money Stuff, The Podcast.

0:28.1

Every Friday, we dive into the top stories about Wall Street, finance, and other stuff.

0:33.0

We have fun. We get weird, and we want you to join us.

0:36.5

You can listen to Money Stuff, the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts.

0:46.3

From the heart of where innovation, money, and power collide in Silicon Valley and beyond.

0:52.4

This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

1:09.7

Live from New York, this is Bloomberg Technology coming up. Bitcoin blasts past $100,000. We dig into the positive sentiment, including the SEC chair announcement. Plus, it's TikTok for TikTok as a social media giant anxiously awaits the legal decision on its upcoming U.S. ban.

1:30.4

And geopolitical risks across Europe and Asia abound,

1:32.0

but U.S. stocks stay near records.

1:35.8

Can tech keep American exceptionalism alive?

1:37.6

But first, let's check in on these markets,

1:41.4

because that exceptionalism just takes a turn to the downside off by 2 tenths percent on the NASDAQ 100.

1:43.7

But look, we are so close to the

1:45.4

record highs that we saw across benchmarks yesterday we have some nervousness ahead of the

1:49.9

non-farm payrolls tomorrow as jobless claims come in today and we still look at what's happening

1:54.3

geopolitically speaking chips to the downside Tesla to the upside as it gets basically a bit more

1:59.6

optimism coming from Bank of America as they go to visit that gigafactory.

2:02.6

Move in on some of the other asset classes of choice here on the tech show, Bitcoin.

2:07.8

100,000. We're currently 101,000. We went past 103,000 earlier, up 3.6% Y.

...

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