Speaker 1: We're from Marhard.
Speaker 2: We're Innovation, Money and Power Collie in Silicon Vallet NBN.
Speaker 2: This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.
Speaker 3: A med love Loow in San Francisco. Caroline hides off.
Speaker 3: This is Bloomberg Technology. Coming up this hour, we bring
Speaker 3: you live comments from former President Trump as he prepares
Speaker 3: to speak on his guilty verdict. Plus we'll hone in
Speaker 3: on tech earnings and break down results from dell As
Speaker 3: Chares Sink after the report, and we speak with EU
Speaker 3: Commissioner Vera. You'rerova to talk social media, elections and misinformation.
Speaker 3: We are awaiting live comments from former President Donald Trump
Speaker 3: after he was found guilty in the first criminal trial
Speaker 3: of a former US president sident in US history. For more,
Speaker 3: let's go to Bloomberg Samrie Horden in New York City
Speaker 3: and David Gura, who's actually outside of Trump Tower where
Speaker 3: Trump is set to speak at any moment. David, we
Speaker 3: start with you. Former President Trump has already given comments,
Speaker 3: He's made his position on the outcome of the trial known.
Speaker 3: What do we expect to come later?
Speaker 4: Yeah, we got brief comments yesterday after that verdict was rendered.
Speaker 4: The former President came downstairs in the courtroom in Lower
Speaker 4: Manhattan and decried the proceedings and criticized the judge for
Speaker 4: what had happened, and looked ahead to November fifth, to
Speaker 4: the general election. He said, that's when the final verdict
Speaker 4: will be rendered. I expect them in just a few
Speaker 4: minutes time. We're going to hear something similar a variation
Speaker 4: on that theme from the former president. We're looking for
Speaker 4: two things. We're looking for some insight into his temperament,
Speaker 4: how he has reacted to this astonishing verdict, this historic
Speaker 4: verdict yesterday, also looking at sort of what he has
Speaker 4: to say about the path forward for him. There are
Speaker 4: a couple of key dates now that lie ahead. The
Speaker 4: first July the eleventh, that's what he's scheduled to be
Speaker 4: sentenced again here in Manhattan by Judge Wan Rashaan after
Speaker 4: that verdict was reached yesterday. And then of course November fifth,
Speaker 4: that is the general election in the United States. If
Speaker 4: you were mistified, didn't mention that just a couple of
Speaker 4: days after that sentencing date is the Republican National Convention.
Speaker 4: There's a debate just before them. So this is a
Speaker 4: busy calendar, busy political calendar that has sort of interwoven
Speaker 4: with the legal calendar, and aside from temperament, what happens
Speaker 4: with those dates. We want some indication of how this
Speaker 4: appeals process is going to go. President former President Trump's
Speaker 4: lawyer was on television last night talking about their intent
Speaker 4: to appeal. What's the timeline for that going to be,
Speaker 4: how is that going to dovetail with the sentencing memoranda
Speaker 4: that are going to be filed as well. So ed
Speaker 4: getting attention to all of that, hoping to get some
Speaker 4: insight here from Donald Trump when he makes his way
Speaker 4: to the atrium of the building behind me.
Speaker 2: In just a few minutes time.
Speaker 3: Amh the political story and if there is one thing
Speaker 3: that President Biden and former President Trump agree on, I
Speaker 3: think it's that November fifth is where real decisions will
Speaker 3: be made.
Speaker 5: Absolutely, that was the message from both those men yesterday evening.
Speaker 5: When they use this verdict to really go out and
Speaker 5: say their side of the story and try to campaign
Speaker 5: off of it. That is what Joe Biden's campaign treated
Speaker 5: as well as that's what the former president said yesterday.
Speaker 5: And to David's point, I imagine he's going to make
Speaker 5: that same pitch again today.
Speaker 3: And they're both.
Speaker 5: Campaigning off of this because this does matter for November fifth,
Speaker 5: because right now, ed when you look at the polling
Speaker 5: that was done ahead of this verdict, it's very muddy
Speaker 5: in terms of it's a mixed bag. It feels like
Speaker 5: a fickle electorate. I want to bring you two polls.
Speaker 5: PBS News Hour, NPR Maris poll said sixty percent sixty
Speaker 5: seven percent of voters that a conviction would make no
Speaker 5: difference to who they decide to cast a vote for
Speaker 5: on November fifth. Very key to that more than seventy
Speaker 5: percent of those individuals were independents. Biden will bring his base,
Speaker 5: Trump will bring his base. They have to fight for
Speaker 5: the people that are on the fence and unsure of
Speaker 5: for who they're going to vote for, especially in the
Speaker 5: swing states. But then ahead of that verdict, we also
Speaker 5: had a survey from Marquette Law Score and they said
Speaker 5: that a guilty verdict would produce a four point lead
Speaker 5: for Biden head to head in national polls, while a
Speaker 5: not guilty verdict would have resulted in a six point
Speaker 5: Trump lead. Time is only going to tell what message
Speaker 5: is going to land with the electorate between now and November.
Speaker 3: Fifth, Bloomberg, Samory Horden, and David Gurth. Thank you. We'll
Speaker 3: get back to both of you later in their hour,
Speaker 3: and as you can see the podium and live shot up,
Speaker 3: we will bring you former President Donald Trump's comments as
Speaker 3: they begin. I want to talk a little bit about markets.
Speaker 3: In the markets, one of the main driving factors was
Speaker 3: PCE a growing sense, particularly reflected in the bomb market,
Speaker 3: that the Fed will have room to cut rates as
Speaker 3: its preferred measure of inflation shows some easy although equities
Speaker 3: which got off on a kind of stronger footing at
Speaker 3: the open are a little softer. The S and P
Speaker 3: five hundred, the sort of benchmark index, down a half
Speaker 3: a percentage point. We also continue to reflect on former
Speaker 3: President Johnald Trump's guilty verdict. Trump Media and Technology Group
Speaker 3: off session lows down three point eight percent. There was
Speaker 3: a much more profound move lower in after hours trading
Speaker 3: last night. It actually opened higher. It's down lower. We
Speaker 3: use it as a proxy for sentiment, and we track
Speaker 3: that stock based on the market's interpretation of what is
Speaker 3: happening with President Trump. Also important is the earning story,
Speaker 3: and that is Dell. Dell is down twenty one percent,
Speaker 3: extremely high expectations. This is a stock that was soaring
Speaker 3: and investors were believing the AI story in particularly Dell
Speaker 3: server business. But those high expectations weren't met, even though
Speaker 3: we saw the first quarterly revenue growth in quite some time.
Speaker 3: Let's go to Bloomberg's Brody Ford Brody. I think that
Speaker 3: kind of sums it up. This was a company that
Speaker 3: was doing well, The stock was riding high. Expectations were high,
Speaker 3: and they didn't meet those off the expectations.
Speaker 6: Yeah, being down twenty one percent sounds bad until you're
Speaker 6: remember that they were up one hundred and thirty percent
Speaker 6: through I mean, this is a sock that's out performed
Speaker 6: in video this year because everybody remember that wait, hold up,
Speaker 6: Dell makes more than computers.
Speaker 7: They make servers. They make high powered servers. If you
Speaker 7: want to train AI models and inference them, you need
Speaker 7: these AI servers. And so they've really vaulted over the
Speaker 7: last year as they've seen their orders for these AI
Speaker 7: oriented servers go to zero until up about three billion. Right,
Speaker 7: So in case where they.
Speaker 3: Were Billienback's praty for President Trump is speaking in New
Speaker 3: York City.
Speaker 8: People, these are in many cases, I believe sick people.
Speaker 8: When you look at our country, what's happening where millions
Speaker 8: and millions of people are flowing in from all parts
Speaker 8: of the world, not just South America, from Africa, from Asia,
Speaker 8: from the Middle East, and they're coming in from jails
Speaker 8: and prisons, and they're coming in from mental institutions and
Speaker 8: say the asylums. They're coming in from all over the
Speaker 8: world into our country, and we have a president and
Speaker 8: a group of fascists that don't want to do anything
Speaker 8: about it because they could. Right now today he could
Speaker 8: stop it, but he's not. They're destroying our country. Our
Speaker 8: country is in very bad shape, and they're.
Speaker 2: Very much against me saying these things.
Speaker 8: They want to raise your taxes by four times. They
Speaker 8: want to stop you from having cars with their ridiculous
Speaker 8: mandates that make it impossible for you to get a
Speaker 8: car ford a car, but make it very possible for
Speaker 8: China to build.
Speaker 2: All of our cars. It's a very serious problem that
Speaker 2: we have.
Speaker 8: We just went through one of many experiences where we
Speaker 8: had conflicted judge, highly conflicted. There's never been a more
Speaker 8: conflicted judge. Now I'm under a gag order which nobody's
Speaker 8: ever been under. No presidential candidates ever been under a
Speaker 8: gag order before. I'm under a order, nasty gag order
Speaker 8: where I've had to pay thousands of dollars in penalties
Speaker 8: and fines and was threatened with jail.
Speaker 2: Think of it. I'm the leading candidate.
Speaker 8: I'm leading Biden by a lot, and I'm leading the
Speaker 8: Republicans to the point where that's over. So I'm the
Speaker 8: leading person for president and I'm under a gag order
Speaker 8: by a man that can't put two sentences together given
Speaker 8: by a court, and they are in total conjunction with
Speaker 8: the White House and the DOJ. Just so you understand,
Speaker 8: this is all done by Biden and his people, maybe
Speaker 8: his people more importantly, I don't know if Biden knows
Speaker 8: too much about it, because I don't know if he
Speaker 8: knows about anything, but he's nevertheless the president, so we
Speaker 8: have to use his name. And this is done by Washington,
Speaker 8: and nobody's ever seen anything like it. So we have
Speaker 8: a judge who's highly conflicted. You know what the confliction is.
Speaker 8: Nobody wants to write about it, and I'm not allowed
Speaker 8: to talk about it. If I do, he said, I
Speaker 8: get put in jail. So we'll play that game a
Speaker 8: little bit longer. We won't talk about it, but you're
Speaker 8: allowed to talk about it. I hope you do, because
Speaker 8: there's never been anybody so conflicted.
Speaker 2: It says.
Speaker 8: As far as the trial itself, it was very unfair.
Speaker 8: We weren't allowed to use our election expert under any circumstances.
Speaker 8: You saw what happened to some of the witnesses that
Speaker 8: were on our side. They were literally crucified by this
Speaker 8: man who looks like an angel, but he's really a devil.
Speaker 2: He looks so nice and soft, people say, always.
Speaker 8: Seems like such a nice man, known unless you saw
Speaker 8: him in action, and you saw that with a certain
Speaker 8: witness that went through hell. And when we wanted to
Speaker 8: do things, he wouldn't let him. He wouldn't let us
Speaker 8: do those things. But when the government wanted something, they
Speaker 8: got to everything. They got everything they wanted. It's a
Speaker 8: rigged It was a rig trial. We wanted a venue
Speaker 8: change where we could have a fair trial.
Speaker 2: We didn't get it. We wanted a judge change. We
Speaker 2: wanted a judge.
Speaker 8: It wasn't conflicted and obviously he didn't do that. Nobody's
Speaker 8: ever seen anything like it. We had a DA who
Speaker 8: was a failed DA.
Speaker 2: Crime is rampant in New York.
Speaker 8: Violent crime, that's what he's really supposed to be looking at.
Speaker 8: Crime is rampant in New York yesterday and McDonald's you
Speaker 8: had a man hitting him up with machetes a machete.
Speaker 8: Whoever can imagine even a machete being wielded in a
Speaker 8: store in a place where they're eating, And he's going rampant,
Speaker 8: and Bragg is down watching a trial on what they
Speaker 8: call crimes crimes falsifying business records. That sounds so bad
Speaker 8: to me. It sounds very bad. You know, it's only
Speaker 8: a mismeaner, but to me, it sounds so bad. When
Speaker 8: they say falsifying business that's a bad thing for me.
Speaker 2: I've never had that before. I'm falsifying.
Speaker 8: You know what falsifying business records is in the first degree,
Speaker 8: They say, falsifying business records. Sounds so good, right? It
Speaker 8: means that legal expense. I paid a lawyer, totally legal.
Speaker 8: I paid a lawyer a legal expense, and a bookkeeper,
Speaker 8: without any knowledge from me, correctly marked it down in
Speaker 8: the books. A very professional woman, highly respected, she testified
Speaker 8: marked it.
Speaker 2: Down in the books. Is a legal expense.
Speaker 8: So a legal expense paid a lawyer is a legal
Speaker 8: expense in the books. It's not a sheet rock construction
Speaker 8: or any other thing.
Speaker 2: It's a legal expense. Think of that.
Speaker 8: This is what the falsification of cause? And I said,
Speaker 8: what else are you going to call it? What else
Speaker 8: are you going to call it?
Speaker 9: Now?
Speaker 2: I would have testified. I wanted to testify.
Speaker 8: The theory is you never testify because as soon as
Speaker 8: you testify anybody, if it were George Washington, don't testify
Speaker 8: because they'll get you on something that you said slightly
Speaker 8: wrong and then they sue you for perjury.
Speaker 2: But I didn't care about that. I wanted to.
Speaker 8: But the judge allowed them to go into everything that
Speaker 8: I was ever involved, and not this case, everything that
Speaker 8: I was ever involved, and which.
Speaker 2: Is a first.
Speaker 8: In other words, you could go into every single thing
Speaker 8: that I ever did.
Speaker 2: Was he a bad boy?
Speaker 3: Here?
Speaker 2: Was he a bad boy? There? Emma Lewis said, what
Speaker 2: do you need to go through?
Speaker 8: And all you wanted to do is testify simply on
Speaker 8: this case because I would have loved to have testified
Speaker 8: to this day, I would have liked to have testified,
Speaker 8: But you would have been You would have said something
Speaker 8: out of whack like it was a beautiful sunny day
Speaker 8: and it was actually raining out, and I very much
Speaker 8: appreciate the big crowd of people outside. That's incredible what's happening.
Speaker 8: The level of support has been incredible.
Speaker 2: So the whole thing is.
Speaker 8: Legal expense was marked down as legal expense. Think of that,
Speaker 8: is this is the crime that I committed that I'm
Speaker 8: supposed to go to jail for one hundred and eighty
Speaker 8: seven years for. When you have violent crime all over
Speaker 8: this city at levels that nobody's ever seen before, where
Speaker 8: you have businesses leaving, and businesses are leaving because of
Speaker 8: this because heads of businesses say, man, we don't.
Speaker 2: Want to get involved with that.
Speaker 8: I could go through the books of any business person
Speaker 8: in the city and I could find things that in theory,
Speaker 8: I guess, let's indict him, let's destroy his life.
Speaker 2: But I'm out.
Speaker 8: There, and I don't mind being out there because I'm
Speaker 8: doing something for this country and I'm doing something.
Speaker 2: For our constitution.
Speaker 8: It's very important, far beyond me, and this can't be
Speaker 8: allowed to happen to other presidents. It should never be
Speaker 8: allowed to happen in the future.
Speaker 2: But this is far beyond me.
Speaker 8: This is bigger than Trump This is bigger than me,
Speaker 8: This is bigger than my presidency.
Speaker 2: And the people understand it.
Speaker 8: Because I just see a poll just came out the
Speaker 8: Daily Mail.
Speaker 2: That was the first one came out.
Speaker 8: It was done last night, right after the verdict, where
Speaker 8: I'm up six points, six points from what we already were.
Speaker 8: We were leading fairly substantially. We're up six points in
Speaker 8: the Daily Mail poll. Now, maybe other poles come out
Speaker 8: and says something differently, but a lot of people have
Speaker 8: predicted it because the public understands and they understand what's
Speaker 8: going on. This is a scam. There's a rig trial.
Speaker 8: It shouldn't have been in that venue. We shouldn't have
Speaker 8: had that judge. He should allowed us to have an
Speaker 8: election expert. We had the best expert, most respected expert,
Speaker 8: head of the Federal Elections Commission.
Speaker 2: He was all set to testify.
Speaker 8: He was waiting for two days and when it was
Speaker 8: his Braggs, people protested and the judge knocked him out
Speaker 8: said you can't testify. He actually said, you can't testify
Speaker 8: for anything having to do with the trial. You can
Speaker 8: say what the federal elections is. Well, that doesn't help.
Speaker 8: Everybody knows that. But you can't testify, So essentially he
Speaker 8: wasn't able to testify. Other people weren't able to testify.
Speaker 8: But with these people, they were able to use people salatious,
Speaker 8: by the way, and nothing ever happened. There was no anything,
Speaker 8: Nothing ever happened, and they know it. But they were
Speaker 8: as salacious as they could be. And it had nothing
Speaker 8: to do with the case, but it had to do
Speaker 8: with politics. And do you notice the timing, The timing
Speaker 8: was perfect. This case was dead. It was dropped by
Speaker 8: every agency, every governmental board. It was dropped by the
Speaker 8: highly respected Southern District. They said, no, there's no case here.
Speaker 8: It was dropped by federal election. And that's what it's about.
Speaker 8: This about a federal election, not a state election.
Speaker 2: You're not even allowed to look at it.
Speaker 8: They took the state and the city and they went
Speaker 8: into a federal election.
Speaker 2: They're not allowed.
Speaker 8: The people from federal elections, Southern District and Washington dropped
Speaker 8: the case. Everybody dropped the case. There was no case.
Speaker 8: Sivants dropped the case. And when Bragg came in, he said,
Speaker 8: this is the most ridiculous case I've ever seen. And
Speaker 8: who would have a certain person again gag order, who
Speaker 8: would have a certain person like this ever testify. He said,
Speaker 8: this is essentially one of the worst people I've ever
Speaker 8: seen ever to testify. He said, the craziest case I've
Speaker 8: ever seen this is Bragg. Then want to announced I
Speaker 8: was running for president. A long time later, they decided
Speaker 8: to revive this case and they got a judge, Judge Marshaan.
Speaker 2: Who was.
Speaker 8: Responsible for another case it was also brought. Destroyed the
Speaker 8: life of a very good man, by the way, destroyed
Speaker 8: the life of a very good man who went to
Speaker 8: prison once and then they just put him in prison
Speaker 8: again because they said he lied.
Speaker 2: He didn't lie. I looked at the statements he made.
Speaker 8: In fact, he didn't remember something, and they put him
Speaker 8: in jail again. They've destroyed him. With me for many years,
Speaker 8: he was an honorable person. He was an honest man.
Speaker 8: And if you look at what he did, supposedly it
Speaker 8: never happened. There's never been anything like this. Over the
Speaker 8: education of his grandchildren. Over he didn't report that he
Speaker 8: had a car or two cars on his income.
Speaker 2: I don't know.
Speaker 8: I wonder how many people here have cars. I wonder
Speaker 8: how many people said, oh, you have a car that's
Speaker 8: worth x doll's how to even figure it? And I
Speaker 8: guess you do have to report it, but I would
Speaker 8: say probably almost nobody does.
Speaker 2: Nobody even thinks about it.
Speaker 8: They put this man, they destroyed this man, but they
Speaker 8: put him in jail again because they didn't want him
Speaker 8: to testify. They didn't want him to testify. That's why
Speaker 8: he went to jail. They put him in jail twice.
Speaker 8: He's seventy seven years old. Now, normally i'd say that's
Speaker 8: an old guy, but I don't feel seventy seven. Nobody
Speaker 8: ever says that about me. I'd like him to say, Gee,
Speaker 8: we have to have a little sorrow for this man
Speaker 8: because they just don't say that about me. But maybe
Speaker 8: I'm better off that way. I think I'm probably better
Speaker 8: off that way. But they put him in jail twice.
Speaker 8: And you have to see what They put him in jail.
Speaker 8: And he was threatened by the judge. This man was told,
Speaker 8: you're gonna get fifteen years in jail if you don't
Speaker 8: give up Trump. And he was told that you're gonna
Speaker 8: get fifteen years in jail. And he made a plea
Speaker 8: deal because he the rest of his life. And he
Speaker 8: was told that viciously we're living in a fascist state.
Speaker 8: He was told that viciously. So you can go to
Speaker 8: jail for four months, five months, or you can get
Speaker 8: fifteen years in jail. So do a plea. Almost who
Speaker 8: wouldn't do that plea? Everyone does those please, it's a
Speaker 8: horrible thing. There's a whole group of lawyers that fight that.
Speaker 8: It's so unfair. It's so unfair. But they destroyed his
Speaker 8: life so many other things. You look at Southern District
Speaker 8: didn't want to bring the case. Nobody wanted to bring
Speaker 8: the case. And then you know who didn't want to
Speaker 8: bring the case most of all is Bragg. Bragg didn't
Speaker 8: want to bring it. But then he brought it, and
Speaker 8: they tried to make it a different case. They didn't
Speaker 8: say legal expense equal legal expense again if I wrote
Speaker 8: down and paid a lawyer. And by the way, this
Speaker 8: was a highly qualified lawyer. Now I'm not allowed to
Speaker 8: use his name because of the gear order, but you know,
Speaker 8: he's a sleeves bag. Everybody knows that. It took me
Speaker 8: a while to find out, but he was effective. He
Speaker 8: did work. But he wasn't a fixer. He was a lawyer.
Speaker 8: You know, they like to use the word fixer. He
Speaker 8: wasn't a fixer. He was a lawyer at the time.
Speaker 8: He was a fully accredited lawyer. Now he got into
Speaker 8: trouble not because of me. He got into trouble because
Speaker 8: he made outside deals and he had something to do
Speaker 8: with taxi cabs and medallions that he borrowed money, and
Speaker 8: that's why he went.
Speaker 2: And then he.
Speaker 8: Pled to three three election violations. And as soon as
Speaker 8: I saw that, I said, I wonder why he did that.
Speaker 8: He pled He took a deal. Now I took a
Speaker 8: deal because he wanted to get off. In other words,
Speaker 8: I'll take a plea deal and I want to get off.
Speaker 8: And he wanted to make a deal with the Southern District.
Speaker 8: And they wrote the worst report I think I've ever
Speaker 8: seen on any human being, other than the report that
Speaker 8: was written on James Coomy by the Inspector General. A
Speaker 8: very great inspector General actually wrote a report that was
Speaker 8: so bad. This one was possibly worse. The Southern District.
Speaker 8: The judge didn't let us use it. He said it's hearsay.
Speaker 8: I said, it's not here, say wouldn't let us use it.
Speaker 8: This is about the man. But he got in trouble
Speaker 8: for a very simple reason, because he was involved with
Speaker 8: borrowing a lot of money and he did something with
Speaker 8: the banks. I don't know if it's defrauded the banks,
Speaker 8: but something happened.
Speaker 2: You guys know what it is.
Speaker 8: And then in addition to that, he gave up in
Speaker 8: three things where he wasn't guilty. In fact, they were
Speaker 8: going to testify in that the head of the FEC,
Speaker 8: the brand Smith, the election expert number one raided in
Speaker 8: the country, who was going to testify.
Speaker 2: He took a plea in three things.
Speaker 8: He just added them in because that gave him more
Speaker 8: bargaining power with the respect to me. But the three
Speaker 8: things that he pled on having to do with the
Speaker 8: election and having to do essentially a little bit with me,
Speaker 8: they weren't crimes. They weren't crimes. Nor is paying money
Speaker 8: under an NDA. So we have an NDA non disclosure agreement.
Speaker 8: It's a big deal in non disclosure agreement. Totally honorable,
Speaker 8: totally good, totally accepted. Everybody has them, Every company.
Speaker 2: Has non disclosure agreements.
Speaker 8: But the press called it slush fund and all sorts
Speaker 8: of other things, hush money, hush money.
Speaker 2: It's not hush money.
Speaker 8: It's called the non disclosure agreement, and most of the
Speaker 8: people in this room have a non disclosure agreement with
Speaker 8: their company. It's a disgrace. So it's not hush money.
Speaker 8: It's a non disclosure agreement, totally legal, totally common, everyone
Speaker 8: has it. And what happened is he signed a non
Speaker 8: dislosure agreement with this perse. I guess other people, but
Speaker 8: it's totally honest. You're allowed to make the payment, could
Speaker 8: you don't have to make it, and you can make
Speaker 8: it any way you want. It's a non disclosure game.
Speaker 8: And he signed that and there was nothing wrong with
Speaker 8: signing it. And this should have been a non case.
Speaker 8: And everybody said it was a non case, including Bragg.
Speaker 8: Brad said until I ran for office, and then they
Speaker 8: saw the polls. I was leading the Republicans, I was
Speaker 8: leading the Democrats, I was leading everybody, and all of
Speaker 8: a sudden they brought it back. It's a very sad
Speaker 8: thing that's happening in our country, and it's a.
Speaker 2: Thing that I'm honored. In a way. I'm honored. It's
Speaker 2: not that it's pleasant.
Speaker 8: It's very bad for family, it's very bad for friends
Speaker 8: and businesses. But I'm honored to be involved in it
Speaker 8: because somebody has to do it, and I might as
Speaker 8: well keep going and be the one. But I'm very
Speaker 8: honored to be involved because we're fighting for a constitution.
Speaker 2: Money that was paid was paid legally. There was nothing illegal.
Speaker 8: In fact, the lawyer in creating the NDA, because at
Speaker 8: that time he was a fully accredited lawyer.
Speaker 2: He wasn't a fixer. I never thought of as a fixer.
Speaker 8: The media called him a fixer, or the prosecutors called
Speaker 8: him a fix He was a lawyer and he was
Speaker 8: fairly good.
Speaker 2: Later on, I didn't like what he did.
Speaker 8: I didn't like, for instance, I didn't like that when
Speaker 8: I became president, he went around and made deals with companies.
Speaker 2: When I heard that he.
Speaker 8: Was gone, he was gone, and he had payments coming
Speaker 8: to him. And a lot of this involved things that
Speaker 8: are very simple. There was nothing wrong. These were standard.
Speaker 8: This was standard stuff, all standard stuff. Everything involved was standard.
Speaker 8: There was no crime here. In fact, I just watched
Speaker 8: a couple of the reports you watched, Jonathan Turley, Andy McCarthy,
Speaker 8: Greg Jarrett. You look at all of these people, Mark Levin,
Speaker 8: all very talented people, great people, many more, many more,
Speaker 8: and they don't know me.
Speaker 2: Essentially, they don't know me.
Speaker 8: The legal scholars and experts, but I look at them.
Speaker 2: I watched turarly this morning saying there's no crime here.
Speaker 8: Everybody says there's no crime here except for this DA
Speaker 8: that's got the city out of control with crime. It's
Speaker 8: out of it's absolutely out of control. So we have
Speaker 8: an NDA that was signed. We have legal expenses. And
Speaker 8: here's the thing on legal expenses, you have one hundred
Speaker 8: where they say if they do it, charge I just
Speaker 8: recorded this out falsification of business records in the first degree.
Speaker 2: It sounds so bad. I said, wow. And even my old.
Speaker 8: Lawyers, I get very upset with them because they don't
Speaker 8: say what it is. They say, well, falsification of legal
Speaker 8: records is only a felony.
Speaker 2: Well that's a lot.
Speaker 8: Is only a they say, a misdemeanor, But they try
Speaker 8: and bring it up to a felony if there's two crimes.
Speaker 2: They have all these different things.
Speaker 8: The other thing is they missed the Statute of limitations
Speaker 8: by a lot.
Speaker 2: Because this was very old.
Speaker 8: They could have brought this seven years ago instead of
Speaker 8: bringing it right in the middle of the election. So
Speaker 8: they missed the statute of limitations. They did everything. Now,
Speaker 8: let me give you the good news. The good news
Speaker 8: is last night we just got to report this morning.
Speaker 8: In the history of politics, I believe maybe I'm wrong.
Speaker 8: Somebody will find that I'm wrong. Maybe, but I don't
Speaker 8: think so. They raised with small money donors, meaning like
Speaker 8: twenty one dollars, forty two dollars, fifty three dollars, thirty
Speaker 8: eight dollars a record thirty nine million dollars in about
Speaker 8: a ten hour period.
Speaker 2: No think of that.
Speaker 8: I like those people because so far, I guess it's
Speaker 8: backfire now.
Speaker 2: I don't know. I'd rather not have it happen. I
Speaker 2: don't want to have it backfire.
Speaker 8: I don't want to win this thing legitimately, not because
Speaker 8: they were stupid and did things that they shouldn't be doing.
Speaker 8: They shouldn't have brought this case. They were saying it
Speaker 8: this morning, this is a case that should not have
Speaker 8: been brought.
Speaker 2: I watched Danny.
Speaker 8: McCarthy say this is a case that should not have
Speaker 8: been brought, and that was this morning. But they all
Speaker 8: say that. Every legal scholar has said it legal. These
Speaker 8: are great people. They really understand the law. The other thing,
Speaker 8: a pole just came out. The first pole. I don't know,
Speaker 8: maybe others will be bad. But a pole just came
Speaker 8: out a little while ago, the damn Mail. Does anybody
Speaker 8: read the Daily Mail?
Speaker 2: Very good? They have a good poll at least I
Speaker 2: like it today.
Speaker 8: And the Daily Mail just came out with a pole
Speaker 8: and it has Trump up six points in the last
Speaker 8: twelve hours, six points six points since this happened.
Speaker 2: Who thought this could up? Because the people of our
Speaker 2: country know it's a hoax. They know it's a hoax.
Speaker 2: They get it.
Speaker 8: You know, they're really smart and it's really something. So
Speaker 8: we're going to be appealing this scam. We're going to
Speaker 8: be appealing it on many different things. He wouldn't allow
Speaker 8: us to have witnesses, he wouldn't allow us to talk,
Speaker 8: he wouldn't allow us to do anything. The judge was
Speaker 8: a tyrant, and you got to see that with Bob Costello.
Speaker 2: A fine man.
Speaker 8: I've never seen anything like it, and neither has anybody
Speaker 8: that was in that courthouse where he demanded that the
Speaker 8: courthouse be cleared.
Speaker 2: Now, the good news is most.
Speaker 8: Of the people in the courthouse, with the media and
Speaker 8: anybody that was in the media of your fair you'll say, wow,
Speaker 8: that was anger, that was crazed.
Speaker 2: He was crazed.
Speaker 8: And the reason that Bob Costello acted a little bit upset,
Speaker 8: which I think he has a right to, was that
Speaker 8: every question he was being asked was being objected to
Speaker 8: by the other side and sustained by the judge, sustained, sustained.
Speaker 8: I think he did it many times. I don't know
Speaker 8: what the number many times, even I were sitting there
Speaker 8: saying and these were basic questions. And I never saw
Speaker 8: anybody treated that way by a judge, And I've been
Speaker 8: treated very badly by two other judges also, because it's
Speaker 8: all the same thing, and it all comes out of
Speaker 8: the White House. Crooked Joe Biden. The worst president in
Speaker 8: the history of our country. He's the worst president in
Speaker 8: the history of our country, the most incompetent, He's the
Speaker 8: dumbest president we've ever had. He's the dumbest president, most
Speaker 8: competent president, and he's the most dishonest president we've ever had.
Speaker 8: And so many of the he's a Manchurian candidate. You
Speaker 8: take a look at the way he treats China, Russia,
Speaker 8: so many others. You know, I ended the Russian pipeline,
Speaker 8: it was dead. He comes in and he approves it
Speaker 8: and he gets three and a half million, meaning three
Speaker 8: and a half million is paid to the family, his
Speaker 8: family from the mayor of Moscow's wife.
Speaker 2: And I said, where did that come from?
Speaker 8: Nobody wants to talk about it, but he's a very
Speaker 8: big danger to our country and the only.
Speaker 2: Way they think.
Speaker 3: Former President Donald Trumps speaking in New York after being
Speaker 3: found guilty almost twenty four hours ago. We're going back
Speaker 3: to Bloomberg's Amory Horden in New York City and David
Speaker 3: Goura on the ground at Trum Teamri. I start with you.
Speaker 3: A highly political speech, a number of statements made.
Speaker 5: Very political, and Trump is really echoing what we heard
Speaker 5: from him yesterday before he left the car house when
Speaker 5: he was convicted guilty of thirty four of these crimes,
Speaker 5: making him first former president to be a felon that
Speaker 5: is going to also be running for the twenty twenty
Speaker 5: four presidential election. One piece of news that we heard
Speaker 5: it from him that he will be appealing this.
Speaker 3: That was expected.
Speaker 5: His lawyers has said that. But we should note ed
Speaker 5: he made a number of assertions that were false, talking
Speaker 5: about that this was all done by the White House,
Speaker 5: by Biden. He says the government got everything it wanted.
Speaker 5: He says, the issue is not a legal expense. Per
Speaker 5: the jury, they viewed this that this was a falsification
Speaker 5: of that expense to impact the election, the falsification of
Speaker 5: those documents per the twelve jurors. So there's a number
Speaker 5: of assertations the former president made that does not have
Speaker 5: evidence and are false. He will be though using this,
Speaker 5: and you can see he really wanted to pivot to
Speaker 5: how much money his campaign was able to bring in
Speaker 5: about thirty five million dollars following the verdict yesterday, and
Speaker 5: per the campaign note, they say about thirty percent of
Speaker 5: those donors were first time contributors to the platform. So
Speaker 5: you can get a sense of how Donald Trump is
Speaker 5: going to campaign into November talking about that he thinks,
Speaker 5: and the assertions he's going to continue to make is
Speaker 5: that this was political and unjustified.
Speaker 3: Trump was convicted on state, not federal charges, important because
Speaker 3: whatever happens in November, that would mean he could not
Speaker 3: pardon himself. David, the other piece of news I heard
Speaker 3: is that he had wanted to testify during that trial
Speaker 3: and gave reasons why he would not. He would not, David,
Speaker 3: your reaction, Yeah.
Speaker 2: And you'll forgive me.
Speaker 4: It's getting a bit noisy here as we have protesters
Speaker 4: and supporters of Donald Trump kind of near me, yelling
Speaker 4: at one another, of me if I have any trouble
Speaker 4: hearing you has, But yes, I mean, I thought that
Speaker 4: line was particularly interesting to me. He said that he
Speaker 4: would have loved to testify. Of course, Donald Trump did
Speaker 4: have the opportunity to do that, as any criminal defendant
Speaker 4: does in a court room, and he declined to do that,
Speaker 4: you know, to echo what Emry was saying just a
Speaker 4: moment ago. I mean, there were a lot of familiar
Speaker 4: agrievances here. I would call it a director's cut of
Speaker 4: the complaints that we heard from Donald Trump during the
Speaker 4: course of the trial. You know, he would go downstairs
Speaker 4: in the courtroom during the lunch break and he would
Speaker 4: complain about the judge and the proceedings. And his time
Speaker 4: was limited here in Trump Tower and the atrom of
Speaker 4: Trump Tower, he had as much time as he'd like,
Speaker 4: and he was able to go into this in a
Speaker 4: lot more detail. There were some winding, discursive moments during
Speaker 4: which he talked about a friend of his and he
Speaker 4: didn't identify he had a run in.
Speaker 2: With this judge.
Speaker 4: One where Shawn he said that the judge again had
Speaker 4: been debta, so there was the same kind of invective
Speaker 4: and criticism of the judge. I thought something else that
Speaker 4: was fascinating in light of that was Donald Trump saying
Speaker 4: he is still under this gag order. That was something
Speaker 4: I think that was a bit uncertain after the verdict
Speaker 4: was rendered yesterday. He's still under that gag order. And
Speaker 4: really did the same kind of tap dancing and tiptoeing
Speaker 4: around that. He was not shy about criticizing Juan Vershawan again,
Speaker 4: the judge who is going to sentence Donald Trump on
Speaker 4: the eleventh of July, really not building back as he
Speaker 4: criticized him and how he ran the courtroom.
Speaker 2: And I'll say he talked a lot about Michael Cohen.
Speaker 4: I was definally interested in this part of the comments
Speaker 4: from the former president as well, taking issue with the
Speaker 4: fact that it's now become common for people to refer
Speaker 4: to him as Donald Trump's fixer. He said that was
Speaker 4: a creation of the media, it was not his. He
Speaker 4: thought of him as a lawyer. Of course, Michael Cohen
Speaker 4: playing this role like Roy Cone played earlier in history.
Speaker 2: So he did a lot more than just.
Speaker 4: Straight ahead legally legal legal, legal work in a courtroom,
Speaker 4: but he was quite critical of Michael Cohen and what
Speaker 4: he had to say. And as Amory said, I think
Speaker 4: that the emphasis that he placed on fundraising, the gratitude
Speaker 4: that he expressed I people had given money to his
Speaker 4: campaign and affiliated groups in the hour. Since this verdict
Speaker 4: stands out, that's certainly something that's going to be cart
Speaker 4: and parcel of both Donald Trump's campaign and Joe Biden's
Speaker 4: campaign going forward as this rules from sern of the
Speaker 4: legal arenas of the political.
Speaker 3: One end Amrie. This was highly political inset in the
Speaker 3: sense it has been a long speech, but it opened
Speaker 3: with sort of broader political issues at the heart of
Speaker 3: this election. One thing that I want to focus on.
Speaker 3: He said that there's been a sort of an uptic
Speaker 3: or rise in New York City crime. The data doesn't
Speaker 3: support that, but it is again a core political issues
Speaker 3: in this election cycle.
Speaker 5: It is and you know, it was an unfounded claim
Speaker 5: that the data doesn't support, but this is something that
Speaker 5: we do see show up in polls.
Speaker 2: So let's by and far.
Speaker 5: Large, the economy still is number one when it comes
Speaker 5: to this election. You could see that in poll after
Speaker 5: poll Americans continue to cite the economy and notably inflation
Speaker 5: as their number one concern, but you also see an
Speaker 5: uptick of issues like immigration and crime being on top
Speaker 5: of the agenda, and that's that fear that Trump is
Speaker 5: trying to tap into that he does and he's going
Speaker 5: to say that the Biden administration has not done enough
Speaker 5: comes to these issues, the economy, immigration, crime. We should
Speaker 5: also note ed that one thing that Trump said yesterday,
Speaker 5: and I'm sure you'll reiterate as he's speaking now and
Speaker 5: we heard from President Biden, is that really the verdict
Speaker 5: is going to be delivered by the American people on
Speaker 5: November fifth. They're using that to campaign. But that's what
Speaker 5: makes not just July eleventh sentencing of the former president,
Speaker 5: but the debate that's coming just a few weeks before
Speaker 5: that at the end of June that CNN will be holding.
Speaker 5: This is the first time we're going to see these
Speaker 5: two individuals back on stage together, and they can make
Speaker 5: that pitch to the American people, because when you look
Speaker 5: at the polling going into this verdict, it's a mixed
Speaker 5: bag on whether or not this conviction is going to
Speaker 5: land as a concern for those people in the middle
Speaker 5: that both Trump and Biden are trying to get to
Speaker 5: their side to go out and vote for them. If
Speaker 5: this conviction is going to land in terms of whether
Speaker 5: or not, that would mean they would not vote for
Speaker 5: former Press.
Speaker 3: And down Troup will continue the fight Bloomberg, Zamri Horden,
Speaker 3: and David Gura. Former President Trump continues to speak. We'll
Speaker 3: continue to monitor and go back as needed. I want
Speaker 3: to quickly check in on the markets. There's a lot
Speaker 3: happening in the world. Technology earnings continue. We had important
Speaker 3: inflation data that supports the idea that the Fed will
Speaker 3: have room to cut rates in this calendar year. At
Speaker 3: some point twenty twenty four, the S and P five hundred,
Speaker 3: the benchmark index in the United States down half a
Speaker 3: percentage point at the short end of the curve, US
Speaker 3: two year yield dropping three or four basis points four
Speaker 3: point eight eight percent. We continue to track Trump Media
Speaker 3: and Technology Group, the publicly traded parent company of the
Speaker 3: social media network associated with Donald Trump, as somewhat of
Speaker 3: a proxy for what is happening in real time during
Speaker 3: this program. That stock down four point six percent and
Speaker 3: near session lows. As I said, will continue to track
Speaker 3: what is happening in New York City, as former President
Speaker 3: Donald Trump speaks, Let's bring things back to San Francisco.
Speaker 3: The European Commission's Vice President for Values and Transparency via EUROVA,
Speaker 3: is in California and met with the CEOs of x Meta, YouTube, Google, Netflix,
Speaker 3: and TikTok to discuss the impact of AI on tech,
Speaker 3: but also how the media and how the safeguard elections
Speaker 3: against foreign interference. You are the Commissioner for Values and Transparency.
Speaker 3: We're grateful to have you here. Commissioner, you're over, but
Speaker 3: I have to ask for your reaction to what you've
Speaker 3: just heard from former President Donald Trump, his track record
Speaker 3: in politics, but also association with misinformation, which is what
Speaker 3: we are here to talk about.
Speaker 1: Well, it was fascinating to listen to former president and
Speaker 1: I can agree with him in one thing, that we
Speaker 1: have a sunny and beautiful day or so were here
Speaker 1: in San Francisco. The other things I cannot comment because
Speaker 1: this is justice which is doing the job and we
Speaker 1: have never comment on individual cases. On your question, well,
Speaker 1: I think that when mister Trump was the president, we
Speaker 1: saw very, very big tendency for enabling disinformation to influence
Speaker 1: the public.
Speaker 3: Opinion.
Speaker 1: I don't want to say that he himself was was
Speaker 1: doing it. I don't want to death dare to say that.
Speaker 1: But coming back to the years of his presidency, we
Speaker 1: saw that the social media were used for manipulation of
Speaker 1: the public opinion more than before.
Speaker 3: We have elections in this country. This year, you have
Speaker 3: elections much sooner across the European Union. What was the
Speaker 3: conclusion you've reached meeting with the heads of those very
Speaker 3: important technology and social media companies in the last forty
Speaker 3: eight hours.
Speaker 1: It was very interesting to meet all of them. Still
Speaker 1: today I will meet mister Zuckerberg. Well, I share with
Speaker 1: them my feedback and information which in the Member States,
Speaker 1: because I traveled to more than half of the Member states,
Speaker 1: alerting the representatives of the states and many others about
Speaker 1: the need to protect the electoral campaign against manipulation and
Speaker 1: abuse of technologies. So this was my message here that
Speaker 1: first of all, I wanted to alert them to maybe
Speaker 1: increase the preparedness for the elections. But it's still several
Speaker 1: days only before the elections. Maybe to explain why these
Speaker 1: elections are important. The people of European Union are deciding
Speaker 1: on who will be among those seven and twenty members
Speaker 1: of the Parliament who will have one of the first
Speaker 1: tasks to appoint or nominate or endorse the President of
Speaker 1: the Commission European Commission. It's the person which has the
Speaker 1: phone number, which Henry Kissindra always wanted to have in
Speaker 1: the EU. So it's incredibly important and we don't want
Speaker 1: m Putin or some other hostile powers to meddle into
Speaker 1: these elections. And of course how to do this meddling
Speaker 1: better than where so.
Speaker 3: For example, you're going to meet with mister Zuckerberg later today.
Speaker 3: There are four hundred and fifty million people most across
Speaker 3: the EU, and so many of them will use a
Speaker 3: meta product Facebook, Instagram, WhatsApp. They have been issuing threat reports.
Speaker 3: We've covered them on this program, and they argue that
Speaker 3: the industry's current defenses, particularly in the context of malicious
Speaker 3: or content or misinformation generated by generative AI, they believe
Speaker 3: they have the sufficient tools and defenses. Are you convinced
Speaker 3: of that? Well?
Speaker 1: They know well that in the EU we have a
Speaker 1: legally binding set of rules, which is Digital Services Act,
Speaker 1: which wants them to do. I am simplifying incredibly two things.
Speaker 1: First of all, to guarantee that there is no crime
Speaker 1: spread and amplified by their networks. Here I speak about
Speaker 1: hate speech, including anti Semitism, different kind of hate speeches
Speaker 1: against minorities, terrorist content, extremist content, and child pornography. The
Speaker 1: second thing is this information, and here we see that
Speaker 1: especially this information in combination with artificial intelligence, or produced
Speaker 1: and amplified by artificial artificial intelligence, is exactly something which
Speaker 1: can endanger our electoral process. We want the elections to
Speaker 1: be the competition of real people, real visions, and chance
Speaker 1: for the voters to cast authentic not manipulated vote. That's
Speaker 1: why the platforms who I spoke to yesterday, the CEOs,
Speaker 1: they explained to me what they have done regarding fect checking,
Speaker 1: regarding removals off the illegal content, regarding labeling of AIE production.
Speaker 1: And my message for them was yesterday and also back
Speaker 1: to Europe for many other actions, is we have to
Speaker 1: do all more to protect the elector process.
Speaker 3: Commissioner, you're over. One name we haven't discussed yet is Telegram.
Speaker 3: It's an interesting platform in the sense that you had
Speaker 3: mentioned Vladimir Putin and Russia. There is a growing concern
Speaker 3: about the spread of disinformation with Russian origins on that platform.
Speaker 3: Have you any specific findings or actions on how that
Speaker 3: has played a role in European affairs and the upcoming elections.
Speaker 1: You have very good information. Telegram is an issue, and lady,
Speaker 1: we're putting and other hostile actors are using all the platforms.
Speaker 1: But Telegram is a special case because this platform is
Speaker 1: not under the investigation of the European Commission, because they
Speaker 1: announced to us that they have only forty two million users,
Speaker 1: and the benchmark for the European Commission to act is
Speaker 1: forty five million users. So that's why we are now
Speaker 1: checking whether the figure is right and in case of
Speaker 1: the in case we discovered that this is more than
Speaker 1: forty two million, we will have to look deeply into
Speaker 1: how Telegram works, because it's true that even the smaller
Speaker 1: platforms can do very dangerous jobs in several Member states,
Speaker 1: and Telegram is especially active in Eastern Member of Stags
Speaker 1: where we have Russian speaking minority.
Speaker 3: EU Commissioner Vera, you're over. Thank you for being generous
Speaker 3: of your time. Thank you for bearing with us as
Speaker 3: we carried the comments from former President Trump and your
Speaker 3: reaction to them. Stay with us. We'll be right back.
Speaker 3: This is Bloomberg an unexpected sign off from US regulators
Speaker 3: last week paved the way for another landmark in the
Speaker 3: cryptocurrency industry, ETS investing directly in ether. We have been
Speaker 3: discussing it endlessly and we will discuss it some more.
Speaker 3: Joining us now. No our age is and author of
Speaker 3: crypto is macro now and joins us. I've asked this
Speaker 3: question to all of our guests at the last ten
Speaker 3: days or so. Will you taken by surprise?
Speaker 10: Totally?
Speaker 9: And I called this one wrong. I have to confess
Speaker 9: I did not expect this faster, PI it so soon.
Speaker 9: We knew we'd get the spot ETFs sooner or later.
Speaker 10: We just thought it'd be later rather than sooner.
Speaker 3: Noell, you'd assume that there is demand for such a
Speaker 3: product and that that demand must be based on something.
Speaker 3: So give me that big picture the importance of a
Speaker 3: spot eth ETS.
Speaker 10: I'm going to push back on that slightly ed and
Speaker 10: my personal viewers that we're not going to get a
Speaker 10: lot of around for this product. It's not a good product.
Speaker 9: Bottom line, it's great news for the industry and that
Speaker 9: it increases awareness and it brings institutional funds that cannot
Speaker 9: invest in anything that is not listed on a regulated exchange.
Speaker 9: But as for is this a good product, It's not
Speaker 9: going to be distributing staking rewards, which means that anyone
Speaker 9: investing in this product.
Speaker 10: Is foregoing a four percent yield.
Speaker 9: For many that's a convenience fee, but for professional investors,
Speaker 9: that's a hefty cost to have to justify to your clients.
Speaker 3: Throughout the course of the last week or so, many
Speaker 3: of our guests have labeled ether is different things. I
Speaker 3: don't want to put words into your mouth, but if
Speaker 3: bitcoin is digital gold, what is eth to you?
Speaker 10: Many things to.
Speaker 9: Many people, as all crosier assets are, but to sign
Speaker 9: up is digital oil. And another reason why spot etf
Speaker 9: is not a great product.
Speaker 10: Bitcoin is a store value.
Speaker 9: It's many other things as well, but for many it's
Speaker 9: a store value, so it's sort of made to be
Speaker 9: parked and forgotten about. It's an ideal asset for an
Speaker 9: EDF whereas created to be used, is created to be
Speaker 9: used in staking contracts, it's created to be used in
Speaker 9: DeFi applications.
Speaker 10: It's not created to be parked and forgotten about.
Speaker 9: And this is another of the disadvantages of this particular product.
Speaker 9: But you did highlight the main big advantage there and
Speaker 9: that is in the narrative, that is in getting more
Speaker 9: people interested in the crypto ecosystem and aware that there
Speaker 9: are many.
Speaker 10: Different narratives in play. It's not just one bucket to
Speaker 10: put all of the understanding in.
Speaker 3: Noell, I appreciate your honesty or admission about being caught
Speaker 3: by surprise. We're getting the call on it wrong. But
Speaker 3: let's say it's happening, right, it's happening. Are there any
Speaker 3: parallels we can draw with the process of and the
Speaker 3: play out of a spot Bitcoin ETF and the procedure
Speaker 3: and cadence of what might happen from here.
Speaker 9: That's an excellent question, and truthfully it's one that we're
Speaker 9: all asking.
Speaker 10: No one knows the timing on this. With Bitcoin, it
Speaker 10: was boom boom and launch because it was expected, it
Speaker 10: was flagged. We were all ready for it. Whereas Eve
Speaker 10: caught everyone of guard.
Speaker 9: And I do think actually it also called the sec
Speaker 9: of guard, and they're still scrambling to approve the s ones.
Speaker 10: We don't know when that's going to be.
Speaker 9: Many are saying your analysts are saying, and they do
Speaker 9: have an inside information insight insight into that, they're saying
Speaker 9: that it could be during the summer. Hopefully, hopefully it
Speaker 9: could be pushed back though if the SEC wants to
Speaker 9: stone all this, But then again, if I'm with them,
Speaker 9: I just want to get this out there.
Speaker 10: Let's move.
Speaker 3: Noel Agerson, author of Crypto is Macro now a great
Speaker 3: to have you back on the program. Okay, Bloomberg Technology Audience.
Speaker 3: AT's end the week with the check in on the markets,
Speaker 3: there was a lot happening throughout the week. Earnings continues
Speaker 3: to be a factor. Economic data that the kind of
Speaker 3: summary is that inflation is easing off, and that has
Speaker 3: kind of reignited the belief that there is some room
Speaker 3: at some point by the end of the year for
Speaker 3: the Fed to cut rates in what increment we do
Speaker 3: not know. The S and P five hundred down six
Speaker 3: ten to one percent. We are seeing a sort of
Speaker 3: rally in the bomb market and bonds are set for
Speaker 3: their best month in the year as inflation's fading right,
Speaker 3: But what happened with former President Donald Trump is still factor.
Speaker 3: Trump Media and Technology Group is the parent or holding
Speaker 3: company of The Truth social social media app. It is
Speaker 3: down more than six percent near session lows. It had
Speaker 3: fallen much more significantly on Thursday, night after the guilty
Speaker 3: verdict for former President Donald Trump, and we carried his
Speaker 3: speech earlier in this program. That does it at this
Speaker 3: point and this edition of Bloomberg Technology, as I said,
Speaker 3: recap what was discussed the reaction to an analysis of
Speaker 3: former President Trump's comments on the podcast. You know where
Speaker 3: to find it, Apple, Spotify, iHeart and Bloomberg from San Francisco.
Speaker 3: It's been a week and there's so much more to
Speaker 3: come in the world of technology. This is Bloomberg Technology.