Cofounder for the center for Humane Technology. Tim kendall, former director of monetization at facebook and former president of pinterest. Now ceo of moment. They join me for a virtual conversation on this edition of bloomberg studio 1. 0 along with safiya noble, an associate professor at ucla and author of a bestselling book on bias in technology, to talk about what the movie got right, wrong, and chart a path toward the social solution. Each of you has been a voice in the conversation around big techs unchecked power, and i am curious, when was the lightbulb moment for you . What was the moment that sparked your desire to speak out . Tristan i think the moment for me was when i was at google and it was about 2012, having studied at this lab at stanford called the Persuasive Technology lab, i saw more and more of my friends decisions were about building engagement and growth and less and less about a genuine, sincere intent, or how do we build technology that empowers people and does
We got a bit of her take on the markets. Take a listen. This is a source of some concern that asset valuations are so high. What we look at is if stock prices and asset prices were more generally were to fall, what would that mean for the economy as a whole and the Financial System is much better capitalized the Banking System is more resill yen resilient. I think our overall judgement is if there that there were to be a decline in asset valuations, it would not damage the core of our Financial System with more on all this lets bring in the professor of finance at the warden Business School still celebrating the eagles World Championship last night. Congratulations. What a game. Jeremy i was there got back to philly at 4 00 a. M im the happiest man wow. What can i say its actually my first super bowl i didnt get to the previous one. But ill never forget it im sure not. Something to treasure forever. That is absolutely true for any fan of philly. As far as market go, i know its short te
Got us high as 88 this morning our global map futures falling sharply picking off where friday drop off. We have broadcom raising that bit for qualcomm it would be the Largest Technology deal if it got done it is best and final and it is worth more than 121 billion in cash and stocks. Shares of wells fargo sinks. Stocks are on track to extend the sell off on friday if the dow falls 235 points today, that would constitute a 5 pull back on its all time high on january 26th might we know how long it has been since we gotten that 5. It is been the story. It is how long the streaks have been last week we got rid of two of them which is more than 60 bases point tcp fr drop of the day. It emblems of how extended the market was and everyone i think, a week ago were saying it was overdue. Markets are over heated so this is how it looks and when ever that happens, you can grab at the headlines for why it could go further and i think just looking at the dow open makes a lot of sense they always s
Good morning, everybody. We have got, right here. I maria bartiromo. Top stories right now 6 00 a. M. On the east coast. Markets are off to an ugly beginning of the week worldwide could take a look at futures right now after the horrible selloff on friday. Words this morning the booming economy will drive Interest Rates higher in spark inflation. Industrial average down 129 points in terms of features one half . The biggest oneday decline for the dow since brexit tumbling nearly 700 points in the s p 500 and nasdaq both down 2 down 665 of 65 on the dow. 145 points lower in the nasdaq. Tenyear treasury yields still climbing up to a fouryear high of 225 . As you see there one of the underlying worries. Of course heres to seeing a typical followthrough from what we saw friday on wall street. 5187 points in the dax index down three quarters of 1 . Markets are mostly lower. Nikkei average down 2. 5 . Janet yellen, officially trying to an end as jay powell prepares for his first as chairman
Called truth about text reveal how they plan to get more people to disconnect. And scientists find a mother lode of mayan architecture that hasnt been seen for centuries. Lost cities in Central America. We begin this morning with a look at todays eye opener, your world in 90 seconds. Brady under pressure. Launching one for the end zone. And its incomplete. And time runs out. Fly eagles fly. The Philadelphia Eagles are super bowl champions. Eagles fans everywhere, this is for you. Let the celebration begin. Eagles fans swarm the streets last night. Philadelphia celebrations going haywire. Its very, very hard. In South Carolina, a passenger train believed to be on the wrong track plowed into a Freight Train killing at least two people. It was horrendous. The New York Times claiming that fbi investigators took nearly a year to follow up on reports s that larry nassar wa abusing young women. The memo has no impact . Not to me it doesnt. There is a little bit of sweet revenge in it for me a