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

interesting to tell you about it in a lively conversation with the reporters and analysts closest to the action.

Listen to new episodes every Wednesday and follow Trumponomics on Apple Podcasts, Spotify, or wherever you listen.

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 now from New York, I'm Caroline Hyde.

And I'm Jackie Davalas in San Francisco.

This is Bloomberg Technology.

Coming up, President Trump plans to impose 25% tariffs on autos, chips, and more will

break down the potential tech impact. Plus Microsoft's big quantum leak.

We have its new Myorana chip, what it means for the future of computing.

And Elon Musk's X is in talks to raise money from investors and a $44 billion

valuation, the amount he bought it for back in 2022.

But first, we check in on these markets.

And we look at the tussle that is, once again, a tariff concern that drives through the market,

and we try to work out who it helps, who it hinders.

We're currently off by 3 tenths percent on the NASDAQ 100.

Dragged lower by meta once again in the fray after it finally stops its run-up that we've seen in market capitalisation.

The socks though, the chip semiconductor index that we're seeing at the moment, up 4 tenths percent.

ADI coming out with its numbers looking good.

We'll dig into what it means in terms of the overall tariffs, though, on individual chip makers.

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