For a bay area digital newspaper that went above and beyond what, when their community needed it the most. Good morning. Welcome to tuesday, may 7th. Were inching closer to the warm up. Yeah, it was nice yesterday gets even better here over the next couple of days. That sunshine is going to be with us all week long this morning. We have clear skies. Live view from our mount tam cam. You see all the lights of the city even as far south as the east bay, well off on the horizon, and were in store for just another day of sunshine and even warmer temperatures than yesterday. We talked about how it wouldnt be as cold this morning as yesterday, and thats what were seeing. We have temperatures more in the 50s, right now. Remember yesterday morning we had areas in the 30 so not as chilly as we were monday morning, but still we have our typical 40s in the north bay, 50 right now in novato. So its clear out there from our exploratorium camera. We have a lot of sunshine today. Your sunrise here in
On 680. It is pretty slow heading south as you drive down toward the benicia bridge. So give yourself a little bit of extra, you know, a little bit of extra time. This commute is going to go on with or without you, so get out there. Might as well just jump in, get it over with, because that commute is bad. Its slow on 680. Almost going to be backed up to 80 before too long. Just a warning. Bay bridge you can see that traffic is backed up to the mains metering lights are on 7 00. Lets go back to the desk and happening right now apple is holding one of its big product presentations. The event is just now Getting Started at 7 00. So the official announcements arent out yet. But Tech Industry insiders are already reporting on what apple plans to unveil this morning. Silicon valley tech giants are expected to release some new ipad models for the First Time Since 2022. The focus is said to be on more high end pro models. Apples also expected to show off upgrades to its pencil stylus system a
Two tech ipos making headlines. Plus Morgan Stanley, as carl just mentioned, upgrades tesla. Analyst adam jonas predicts a 60 rally, largely fueled by a. I. Were also getting shares of qualcomm up ahead of the open. Chip company saying it will supply apple smartphones through 2026. Lets begin with jim in san francisco. As we said, dreaming up for gearing up for dreamforce. Jim, going to be a busy week. Whats really crazy is that theres adam jonas just stealing the whole show. Theres conferences in washington, theres conferences in san francisco, and he makes it so its about tesla. All i can tell you is that out here, its just dreamforce is the aai force. David, you know this from when you were with musk. If you dont talk about a. I. , you sound like youre clueless. If you do talk about it, you better start having something to back it up. Adobes got it. Oracle tonight. But theres a lot of just a. I. Chatter that i think is just chatter, david. Right. And that is a key question for inves
Market, you will see it looks like the 10year treasury is sitting just at about 4. 29 . The 2year treasury is below 5 at 4. 99. Last week, the transports did see the worst week since march. If you worry about things like that, the downturn, the russell 2000 broken. The dollar is now looking at its longest winning streak in terms of weeks. Weekly winning streaks since 2015. A lot of things to watch this week. We are watching shares of alibaba, talking about kicking things off, after the company said in the surprise move its Ceo Daniel Zhang planned to step down this month. Stepping down as chairman and ceo of the Cloud Business in june. Alibaba said he was going to be departing as the ceo of Alibaba Group to focus on the cloud unit which the company is spinning off as a separate company. Now the cofounder eddie wu was set to take over from zhang this month. He is now going to be taking over the cloud iunit. Joe tsai will take over alibaba. This raises questions of the spinoff and how un
Plagued the telephone you coast for two weeks. Final mandatory evacuation orders have been called off. At its peak it drove about 100,000 people on their homes. Global news 24 hours a day, powered by more than 2700 journalist and analysts in 120 countries. Im Alisa Parenti. This is bloomberg. And more of Bloomberg Technology is straight ahead. Emily im emily chang and this is Bloomberg Technology. Bitcoin bears the bubble theory. Our deep dive into the four day selloff. Plus, validating an apple arben myth. A real story between older and smaller iphones and he lawsuits turning to pile up. The battle between two chipmakers. A hostile take over. Bitcoin investors may be having a reality check. Cryptocurrency l two below 13,000 on friday. Bitcoin has lost those 240 this close but it is lost to 40 this month. They sent all buying and selling was temporary disabled after having delays in processing wire transfers and verifying new customers. These issues it reignite the question, are we in