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Bloomberg Technology

Trump's Potential CHIPS Reversal, Tech Faces Tariff Volatility

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.549 Ratings

🗓️ 5 March 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Jackie Davalos discuss a potential CHIPS Act reversal as President Trump calls the program "horrible". And, we take a look at how President Trump's tariffs are impacting the global tech sector. Plus, a startup that aims to bring back extinct species makes a breakthrough with a "Woolly Mouse".

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Transcript

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0:00.0

Bloomberg Audio Studios,

0:04.7

Podcasts, Radio News.

0:08.0

From the heart of where innovation, money, and power collide,

0:13.2

in Silicon Valley and beyond,

0:15.7

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

0:20.7

Thank you. Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York, I'm Caroline Hyde.

0:36.6

And I'm Jackie Davalas in Washington. This is Bloomberg Technology.

0:40.3

We get straight to the markets because we currently see a market that braces for possible changes, Jackie, to the tariffs on Canada and Mexico.

0:48.3

All of this being suggested by Commerce Secretary Howard Lutnik in a Bloomberg interview with Bloomberg Television. We are basically

0:55.2

being bounced around by the latest headlines. We have got so much to debate when it comes

0:59.6

to the market and indeed the earnings with CrowdStrike looking worse than the market had

1:04.0

braced for and CrowdStrike currently trading off significantly by some 8% off as much

1:08.6

as 12% at one point as once again that hit to the entire

1:12.8

global breakdown in software that we saw back in last summer, shares still having an effect

1:19.6

as we saw worse than expected earnings outlook for this company.

1:23.0

Let's dig into all of this with Bloomberg's Isabel Lee, because we have whiplash on our hands,

1:28.3

whether or not it's about the latest announcement for semiconductor support here in the United States,

1:33.3

whether it's whiplash ultimately, and whether we will have tariffs remain in force or not.

1:37.3

How does the market digest this moment?

1:39.3

I think that's why they're confused.

1:41.3

Markets have been seawing between gains and losses.

1:43.3

Before I came here, I had a script on my head that stocks rallied because of the ISM beat, but

...

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