Ed Ludlow

But we are tracking both public and a little bit later in the show, private markets too.

We certainly are.

And look, big tech is leading the charge in terms of stocks.

Big tech is also...

Heading to Washington, executives from Amazon, from Google, from OpenAI and others, they're set to meet with President Trump today to formalize a pledge to protect consumers from rising energy costs.

That's an event that the president actually alluded to during his State of the Union address, remember?

Let's get to Bloomberg Senior Tech Editor Mike Shepard.

And for many, we already heard Microsoft lead the charge, but then Amazon, others talk about commitments they've already made.

Well, that's right.

And they're all going to step in with this pledge, this so-called ratepayer pledge later today during an event at the White House with the president.

It's set to start at 3 p.m.

And they are all going to sign this agreement.

It's non-binding, but they will promise to try to bear some of the additional costs that their new data center build out for artificial intelligence projects and infrastructure projects.

will bring in terms of rising electricity prices.

They want to make sure that as those data centers are built, all those projects are carried out, that consumers are not forced to bear the burden of that.

And now in this, Carol, they will be agreeing to work with state governments and utilities on rate structures that will try to protect consumers

But that is further down the road.

And all this, it's important to note, is non-binding.

So there's no guarantee that all of this will be carried out.

We are already seeing some states, Carol, take steps on their own to try to shield consumers.