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Live from the city of London for our audience worldwide, with equities on the back foot down four tenths of one percent on the SP. The countdown to the open starts right now. Everything you need to get set for the start of us trading. This is Bloomberg, the open with Jonathan Ferro. Thirty minutes away from the opening bell. Coming up on the program, chip maker in South Dallas is one of its gloomiest outlooks ever. Republicans discuss kicking the debt ceiling can down the road. And looking ahead to Fed Chair Jay Powell taking center stage. We begin with a big issue. The cracks in tech get bigger for the big tech stocks. Big tech tech earnings. There will be winners and losers. Microsoft is talking about a weak global backdrop. Intel is in a very, very difficult position. Tesla has no demand issue. This does it plan E to keep taking prices down. The cost guys can only get you so far. The message were getting from this particular sector is that growth is slowing. Some of the tech name