Tech Selloff Deepens as AI & Bitcoin Slide

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Wolfe Research Managing Director, Internet Equity Research Shweta Khajuria, Illumina CEO Jacob Thaysen, FuelCell Energy President & CEO Jason Few, Burger King US & Canada President Tom Curtis, Big3 CEO & Co-Founder Ice Cube, Citi Head of US Equity Strategy Scott Chronert, Man Group Chief Market Strategist Kristina Hooper, BTIG Chief Market Technician Jonathan Krinsky, New Balance President & CEO Joe Preston, PacSun CEO Briane Olson, & Muhammad Ali’s Wife Lonnie Ali & Authentic President of Entertainment Marc Rosen. Chapters: 00:00:00 Bloomberg The Close 00:02:50 Amazon Earnings, AWS Growth & AI Spending 00:08:06 Amazon Retail, AI Capex & the Tech Outlook 00:11:00 Illumina CEO on Earnings, Genomics & Cancer Care 00:16:17 FuelCell Energy CEO on AI Data Center Power 00:22:42 Starbucks, Burger King & Restaurant Turnarounds 00:28:56 Burger King on Value, Menu Strategy & Store Remodels 00:33:01 Ice Cube on BIG3 Basketball & Growth 00:37:30 Citi on the AI Selloff, Capex & Investor Confidence 00:43:28 The Closing Bell 00:48:29 Intel, Reddit & Crypto Stocks Plunge 00:53:56 Tech Selloff, Defensive Stocks & What Comes Next 00:58:04 Man Group on AI Spending, Debt & Market Rotation 01:03:43 Midterms, Markets & the Economic Outlook 01:04:22 BTIG on Technical Levels & Market Selloff Risks 01:09:01 New Balance CEO on the NYC Marathon & Growth 01:14:13 New Balance on Athletes, Lifestyle & the Iconic 990 01:16:10 PacSun CEO on Gen Z, Gen Alpha & Retail Growth 01:22:26 Muhammad Ali’s Legacy & New Prime Video Series 01:27:58 Muhammad Ali, Social Justice & a New Generation 01:28:54 What to Watch -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts