Jeff Lawson

Plus, Twilio founder Jeff Lawson has a new company, Nuclear Fusion Startup Inertia.

We'll discuss how the surging demand for electricity is powering big energy bets.

But first, we turn our attention to these public markets that are actually being whipsawed on the day.

We get the big jobs data that signals their strength.

People start to backtrack, maybe on when or where we could see some sort of Fed rate cut, and it impacts treasuries.

But stocks actually manage to, having been in the red, now shake it off.

We're up a tenth of a percent on the Nasdaq 100, managing to climb back after yesterday's lows.

Bitcoin, though, I'm afraid no respite from the selling there.

We're up by 3%, 66,000.

Ed, what are you looking at underneath the hood?

It is.

I'm looking at the software index.

It's once again down by 3.3%.

So clearly having a torrid time as those rising fears just about AI are pummeling shares of companies at risk, being caught on the wrong side of the new technology, from small software makers to big wealth management firms just yesterday.

a tax strategy tool, Ed.

It rolled out by a little-known startup called Altruist.

It sent shares of Charles Schwab, Raymond James, LPL Financial, as you'll see, absolutely tumbling.

Let's get more on Bloomberg's tech equity reporter, Carmen Reinecke.

You've been all over the implications.

And anthropic's one thing, but to have these smaller LLM or AI offerings start to roll markets, that's quite something.