Donald Trump has already changed the way we think about the US economy. Now he's back in the White

House and Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of

government and economics at Bloomberg. Whatever the big question of the week is, we'll have something

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

this is Bloomberg Technology

with Caroline Hyde and Ed Ludlow.

Live from New York, I'm Caroline Hyde. And I'm Jackie DeValls from Pan Francisco.

This is Bloomberg Technology.

Coming up, China retaliates with its own tariffs on the United States,

including a probing to Google.

Plus Palantir soars to a new record as earnings show untamed growth for its AI software.

And Spotify shares also surge to a record after its first annual profit.

And we start there with a markets check amid all the record highs in earnings.

Let's get to it with the NASDAQ currently making up for yesterday's sell-off, Jackie.

We're currently up more than a percentage point at the moment.

And in terms of points contributors, it's all about Palantir. Move on and have a look at what the fundamentals of certain businesses are doing to this index.

Ballanteer up 26 percent, a new record high. This, as we see, untamed organic growth when it comes to AI. They win on commercial. They win on government. We'll get to it later in the show.

Spotify also add a new record up almost 10% as they add to their growing monthly active users and also the first profit ever in terms of an annual profit.

They're going to continue that alphabet up to and a half percent. Look, they're coming with their earnings after the bell.

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