Taylor riggs has been diving into all of it. Tech has been the winner of the week. Where do you see the strength . Index the s p 500 tech was the second best performer this week and it was up 6. 5 . You mentioned the dismal economic data. Tech and the markets overall are looking past this, perhaps thinking that the worst is behind us. You hear Companies Like uber seeing green shoots in their demand recovery. Zillow saying people want to buy and sell these homes. It was notable that tech did not leave the gains. Up until this point, the nasdaq is the highest impact since february. Despite underperformance today, i continue to be surprised at the resiliency of the tech sector. Emily what about bonds . Taylor the two year yield hit a record low of 10 basis points at one point today. We ended up coming off that low a little bit. But the bond markets are giving us ominous signs of what is going on. The markets are pricing in a negative federal funds rate. That hell has said doesnt want nega
Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let
But a new target seems to be its retail customers. First, to our top story. That is last year, tim cook stunned investors when my company readjusted its forecast due to struggles in china. What a difference a year makes. Official Government Data shows the apple smartphone shipments in china grew 19 yearoveryear in december. That marked a big jump from previous months. It is particularly remarkable when shipments of phones of all brands were down 14 in the same period in china. For more, i want to bring in our reporter. Are you surprised by the amount of bullishness we have on apple and the iphone shipments in china . Certainly in china, that number is a surprise. Engine broad bush push in china to have consumers by phones instead of iphones. Has of the trade tension come down in recent months. Maybe that has something to do with it. I think more to the point, a device like the iphone 11 is a little cheaper, the battery life is very long. The photos you can take are better than the prev
Makes their company ceo. Their company so unit. So unique. Silicon valley is listening to your most intimate moments. It is the focus of bloomberg businessweeks indepth piece on how the Smart Speaker praise users vulnerable to the conversations being transcribed. Here with the story including the devices and use of contractors to transcribe those attimate conversations is m in seattle, sarah from San Francisco, and austin from new york. Let me start with you come austin. The management with you, austin. We spoke to dozens of transcribers and contractors in the stories. Everywhere from ireland to india. They really had ethical quandaries with the service, they were eavesdropping on a lot customers toexa improve speech recognition capabilities. Is really fascinating thing the profound disparity you mentioned. A lot of the contractors felt this was ethically dubious. The Silicon Valley folks that we talked to really did not think this was such an issue at all despite years of privacy issu
And a scathing report prominent shortseller andrew left of citron slaps a 5 price target on peloton. Well hear from left. But first, to our top story. Silicon valley is listening to your most intimate moments. It is the focus of bloomberg businessweeks indepth piece on how the Smart Speaker craze left users vulnerable to their conversations being transcribed. It was one of the most read stories on the terminal on wednesday. And here with the story, including the devices and use of contractors to transcribe those intimate conversations, is matt in seattle, sarah from San Francisco, and garrett and austin in new york. Let me start with you, austin. Contractors in your story seem to have a problem with this, while the management of big tech didnt. Why . We spoke to dozens of transcribers and contractors in the story, everywhere from ireland to india. They really had ethical quandaries with the service. They were eavesdropping on a lot of siri or alexa customers in order to improve the sys