and he got it, and he will also get on his recruitment, google, joel, and he would us so in his fix his fix or transition it just imagine this way of been made by that very sexy. yeah. but i did go to be a 6 shooting to each other 60, to a good time to, to propose a 1000 people. yeah. what. what is it called articulation, because on the 1000 in india, do they have high per dollar income per diem? and you asked them to a hybrid, tried it, of cheese torn donna's and so difficult to offer it. so me that this is key possible. what we need to do is to get away from the mindset to solve the problem with technology and to think of a solution that goes directly to benefit the poor. he's you go to that. i live in the morning before sunrise and after sunset by inbetween, how do you go to the violet? like i say, vargas. it's a, it's a yeah. that again i do. i did a bother to let you know by the latest, claudia, if government bayman is a secure or will you be a violent daily mom that i really meant to mother good learn more methods when to come and live? who am i that a young. you've got to go on m

that delivery. sonya but the it but the let the lady soon back her wedding good and the and empathetic google adam is la beloved event on us. i see the look up. i see that if one more let us see kinda late back was due on the late there. look here, this was his thing. no sandra bit to go cannot provokes yo yos, meas, multiple cavities, combine fios and query seamless. as he that has atlas, mtv for symbols, would have either put cmp in this time and mod emerson. katie little cindy fabulous evils. common grandmother mice, casey alex clement, was in say to be hit either hill tobacco academy nor soviet they've always been up a lava. no, so be a chill. conscientious and most was startling. flemish young no soviet, his spirit double. the nostril corrected away the end. up in us alameda, they succeeded. they've been in to live union to superintend mentos, and playlists title. it also pussy. dodie says what a for america tv levels had gotten. no sick with yes. in 20 said be who? asia visiting dependency, but then they said you are part of italian momento thou have elastically this, but i continue to

but it is just another tech found to exit google left years ago, microsoft linkedin said last month, it would also close its chinese site feel shot dr. is in hazy, i considering for the strike action after several work as were kidnapped by armed gangs this week. the union is insisting on their release, but a strike is likely to compound the fuel crisis that's brought much of the country to a standstill. this report from john hendern importer prince idled lines of cars snake through haiti's, capital drivers biding their time till the pumps come to life without fuel. the porter prince economy is, is motionless, is the cues of vehicles as police protect the tanks in the haitian heat. ah, frustrations run high with 2 drawers to go to work, but return. there is nothing. widow, what of anything to do then it is about going to wander, pierre, who drives a taxi? locals called a tap, tap his waited 3 days. yeah. about i fight wick out. some one was beat up monday. i am still here. this is where i slip. i can't get fuel, i can't do anything. i can't work. i haven't it in the money and my pocke

so that we have seen a very, a very google regression. they increase in the violence against this, but at the same time they convinced meant coming from the people that a, some of the station can not be a stop. and that we are going to jump in the capital force is claimed that this is a d stabilization campaign lost by the united states. what you make of the claim form of on well, this has been always lying to the world. do i still it's big abandon machinery. my goal is for the, for the people that is, it wasn't us right now. you listen to what they get on people is, is it's challenging industry and have been, have been demanded in the old year. and that is frieda the end of the dictatorship and that has nothing to do with any other government in the world because they did real contradiction here is they, they, they may your contradiction that lies between and i know on i'm pacific, but relation demanding, reader and a fair life. i'm a bunch of media gary's that have been in power for 62 years right now and then they do and people that ne

tell us, why is google so interested in australia? this money would be spent over the next five years and it is the next five years and it is the largest investment in australia to date from google. it is aimed at increasing cloud capacity in setting up a research facility staffed by australian researchers and engineers. google also plans to partner with australian science agency. google australia's managing director says the spending plan would ring significant technology resources and investment for the country. the prime minister, scott morrison, has welcomed it calling it a one billion dollar vote of confidence. scott morrison has big ambitions for the country's digital economy and says that investment will bring thousands more jobs in investment will bring thousands morejobs in engineering, computer science and ai. sally, this is quite a turnaround for google because months ago it threatened to pull it services from australia in response to tougher government regulation and that really affected companies such as google and facebo

biggest number ever in modern history of children being educated at home, either through zoom classes or google classroom settings or through home schooling, and parents really got to see what their children were learning in school in a very, very interactive way for the first time ever. and that is where the outrage over education and over curriculum came into being. it came way before this election cycle or the or glenn youngkin�*s rise or anything like that. parents got to see what their kids were learning. and for generations, republicans, sadly, when they focus on education, have focused on either school choice or college indoctrination of left—wing values. i have always said curriculum is where it's at cos a majority of americans will always go to public school, and we need to fight over curriculum — curriculum is very, very important. and when it comes to critical race theory, it affects many, many different issues. you say you're working with four different republican candidates right now. right now, yeah. and we've talked a lot in this lively conversation about american values, a

major, you know, united airlines and apple and google and amazon and others here, assets of more than $8 trillion and together they are already implementing major decisions like buying electric fleets, trucks, big orders of trucks that are electric. making the commitment put up united airlines committed to a certain percentage of theirfuel committed to a certain percentage of their fuel that they sell will be 85% emissions free even though the technology isn't completely there, they are going to strive for returned companies have agreed they are going to only buy tickets on airlines that are doing that. that have that 5%. and so they know there is a buyer there and the same thing with steel. volvo announced 10% of its dealers going to be purchased will be green steel for the fabrication of their cars. maersk have ordered eight new ships, all carbon free. a lot is going to be happening and the implementation is the key. as we leave glasgow, our codeword is going to be implementation. follow up. follow through. we are going to spend as much effort as we can to try to make that happen so

he said it, "all right, we've got this, we're going to try and fight it", and then i did the dreaded google. "what have i got, what's going on?" and it came up mnd and you kind of go, "uh—oh". in the months to come, rob burrow would chart the impact of the condition in a documentary. that led to fundraising by people across the country and rob's former team—mates. kevin sinfield's seven marathons in seven days raised over £2 million. he takes on a new challenge later this month. meanwhile, the campaign for government backing has continued. just last week rob's dad gave another emotional plea. after 25, 30 years, surely to goodness we can find something to find a treatment. if it stops it, that's phase one. a cure's phase two. now the government has confirmed it will provide the £50 million that the campaigners have been asking for. in an article in the express, the prime minister promises to "transform the fight against this devastating disease". the announcement has been welcomed by the mnd association, which says it will change lives and ultimately save lives. louisa pilbeam, bbc ne

what is googles meta-verse strategy? sundar: it has always been obvious to me that computing will adapt to people more than people adapting to computers. just like you speak to people, you see and interact, computers will become more immersive, they will be there. i've always been excited about the future of immersive from -- the future of immersive computing. emily: is that the meta-verse? sundar: go away i think about it is involving -- evolving computing in an immersive way. there will be many experiences, some of which will be immersive, interactive virtual worlds. that is the meta-verse concept. this does not belong to any company. this is the evolution of internet. all of it will continue to evolve. emily: google just hit a $2 trillion market cap -- alphabet, i should say. where will the next trillion dollars come from. sundar: always your market cap valuation is an effect of the value you provide. i feel fortunate our mission is timeless. there is more need to organize information than ever before. i still feel se

google, though, to trillion dollars market cap. you see yields there moving a little bit higher, up by about three basis points. we are going to be talking about natural gas as well. european natural gas moving higher. russia has not been sending gas as of yesterday, so we are not seeing the kind of flows we thought we may see on november 8. the house on friday passing the biggest u.s. infrastructure package in decades, marking a victory for president bynum and unleashing $550 billion of fresh spending on roads, bridges, public transit, and other projects. here with more is in reordering -- is annmarie hordern. annmarie: the president saying infrastructure week finally, met with some laughs from a very tired press corps, but that is something that this administration is able to go to the american people and say we delivered something the former administration could not, and that is why it is a long running joke in washington. but it wasn't without its bickering within the democratic party. friday evening it really came down to late

how much does this move google into a position other people have discounted them. trading on cme, shares up 5.5%. the more interesting activity is google, you are seeing shares up on the news because people are looking at the potential for the cloud to gain more dominance. tom: it is a start free thursday, but if google could invest -- lisa: i will not start that rumor. tom: is never a dull moment. never forget humility as the chairman mentioned. i was wrong on bank of england. it was fascinating. stay with us through the day. small caps up. we have a countdown clock to the open on tv. ♪ jonathan: from new york city for our audience worldwide, record high after record high. your equity market up six points , advancing .1%. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york, we begin with the big issue. chair powell threading the needle. >> power-one company threaded the needle. -- powell and company threaded the needle. >> the f

we are so excited about youtube, hardware products, google play. we are building a diverse set of businesses, but underlying all of it is the investments we are making in ai. we invested $100 million in the last five years. applying ai in a deep way is to create the biggest opportunity. emily: google is famous for its campuses where you could go and never leave, you have everything you ever wanted. now you said they can be flexible, work from home, from the office, be hybrid or work remote privately permanently. are you committed to really letting them do this forever, and if so, how does that change the future of work in society? >> we really embraced the fact that the future is going to be flexible. at google, we have always tried to give agency to our employees, but we realize the importance of bringing people together, the collaboration that comes with her. the balance we are striking is this notion of -- we have more locations than most companies so we are giving people a chance to move anywhere in the world. they can work from anywhere. we ca

when they're building this alongside apple, amazon,, google of the world. if this is supposed to be facebook specific, that's going to be a tough sell. shery: this facial recognition technology has not been used just by facebook. what happens to the technology itself? >> this is something that is common in a number of big tech companies. apple has facial recognition technology. i unlock my iphone using my face all the time. facebook is the first of many companies that might have to pull back. we have seen them talk about regulation. this might be them trying to proactively avoid those issues. the technology itself is not going away. while facebook will not use it for the social network, they are still going to be building the technology presumably for the metaverse. they are not abandoning the idea that -- they are just saying we won't use it for the facebook social media anymore. haidi: that's an important point to distinguish. it is not just facebook migrating to the realm of the metaverse. microsoft will also take a stab at the idea. emily chang spoke ex

just as i mentioned, microsoft, google and disney are taking space and more people are coming, people have to come back to the office, things are opening up. i think they are going to keep going up. it is becoming very expensive to be here, yes. you could get a bargain during the pandemic, that is gone. that has all disappeared. amanda: great to have you with us, good to check in. bess freedman, ceo of brown harris stevens. coming up, taking orders. nissan opens up reservations in the u.s. for the 2023 ev. we will talk about that move and if they continue headwinds that face the industry with the senior vp of marketing and sales live from the l.a. auto show next. ♪ >> we need think about inventory. right now, every cfo is looking at their supplies. you need more inventory. >> the underlying trend pre-pandemic and to accelerate his principal powers in the system, the european union, the u.s., china really want to nationalize supply chains, industrial policy. >> all the indications we have physical flow right through beyond the middle of next year. we are a nation away down in the pac

google was an option. -- google was an auction. matt: that was a new thing and i had a full head of hair, which was a long time ago. when founders and investors leave this much money on the table, the other ones look attractive. shenali: that is what the direct listing model has become attractive to companies. not all of them have been so smooth. think about coinbase. morgan stanley at a stronghold of three of the top six ipo's on the u.s. exchange. that is a very big moment. morgan stanley, jp morgan and morgan sachs all on this ipo together. it is rare to have three giants on an ipo. if i look back at the last six ipo's of this scale, you do not have all three together like this. it is an amazing, rare story where you have massive players. matt: i just pulled up the league table, goldman sachs is comfortably at the top with 20% of the market share. jp morgan in second place, morgan stanley in third. i would love to see a lead table for exchanges. is there a difference between doing an ipo at the nasdaq compared to doing a knife y

and google. just another day on bloomberg tech you don't want to miss. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. haidi: welcome to daybreak: asia. sophie: we are counting down to the major market opens. shery: i am here where global leaders are gathering to discuss challenges facing the new economy. let's get to the markets.

google is accused of thwarting smaller search services. it is a case of three you court fights in a case to rein in silicon valley. the u.k. won't join an alliance being spearheaded by denmark and costa rica, expected to announce as many as 10 to 15 new members today as climate talks in glasgow, but the u.k. says it isn't joining because ending fossil fuel productions could cause a cliff's edge in energy supply. tesla has stabilized after a two day, 16% loss. that the klein cut almost $200 billion off the electric carmaker's value, and $50 billion off elon musk's personal fortune. he is still the world's richest person, though. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> powell and brainard are an amazing team. together, they do so much more. and i think this could very well be because they come at it from different backgrounds. powell has looked to brainard for a lot of intellectual leadership. i th

rishaad: google can ride on this as well. you guys are going to capitalize on this growth, no doubt. i want to get a sense of what you think is the next big thing. we have seen all these fintech products, of not least, payment systems. what will be the next one that will drive things, in your view? stephanie: all of those things you just mentioned are incredibly important and will continue to shine in the digital economy, but i think at the center is the mobile phone. it still is the center of computing. when we think about southeast asia has a mobile first, if not a mobile only region, and we have artificial intelligence that is providing so many opportunities for engagement through voice, through image and video, which are preferences in this region, we see that again being the brightest light. expect to see even more possibilities on our smartphones in the near future. haslinda: stephanie davis, google southeast asia, thank you for your time today. let's get the first word news with vonnie quinn. vonnie: a president expect

google has offered a deal on nature antitrust find in europe. google is accused -- the cases the first of three eu court findings in a campaign to reign in silicon valley. the group is being spearheaded by denmark and costa rica. it is expected to announce as many as 10 to 15 new members. the u.k. says it is joining because ending fossil fuel -- is not joining because ending fossil fuel production could cause a cliff edge and energy supply. the retail chain -- marks & spencer ceo warned of rising cost pressures and said there are still those supply chain problems. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. alix: at the conference all we are hearing is calls we are in a bubble, things will end badly. a product of a controversial merger. the new york-based firm has $70 billion in assets. bloomberg's erik schatzker spoke exclusively to its cofounders on why the only way to get there merger done was through a spac. e

google said some problems were caused by bad network configurations, and that they will publish an analysis after an investigation is completed. coming up, how slack is adapting its platform to meet the needs of an increasingly digital environment. we will speak with the slack ceo stewart butterfield following day one of its frontiers conference. this is bloomberg. ♪ >> back to the very early days of slack, we came up with the mission to people's working lives simpler, more pleasant, and more productive. part of that was always finding a new avenue to bring software and systems and tools people use into the environment where the discussions are have ring and the decisions are being made. emily: eight years after launch, messaging platform slack is one of the leaders in business communication. and as whole companies now shift to remote work, businesses across industries have realized the need to digitize operations. let's talk about how slack is adapting to these changing trends. joining me now is ceo and cofounder stuart that are failed. -- stewart butterfield. you just kicked off your co

so many of our products originated from apack, google maps. google pay. a lot of -- our journey to bring computing to more people is playing out as -- if asia as well. i'm excited about also the work we are doing through cloud. because the companies there are rapidly transforming them. a chance to provide that is something very exciting for us. so super dynamic region. that i feel like -- first 10 years. and brought it to apac. the past few years. to build things there. >> you're facing stiff competition from chinese tech giants there. and beyond. what. tom: the c.e.o. of alphabet speaking to emily chang. let's get back to the bloomberg new economy forum where my co-anchor francine -- francine lacqa with goldman sachs c.e.o. david solomon. let's listen in. >> and i also -- we have to recognize that we're trying to drive very dramatic change. and that we -- sound government policy, solid action and activity by private sector market participants. significant capital allocation. especially risk capital. drive technological innovation change and going to take

we would hear from high-profile ceos, head of dbs, paypal and google, goldman sachs join us live from singapore. we have many different topics to discuss including the u.s.-china relationship, climate, finance, cities and health. haidi: staying with the bloomberg new economy forum, we are speaking to a founder about the forces shaping the global outlook and demographic changes that are causing these structural shifts in labor markets. lots of talk about. this is bloomberg. ♪ vonnie: the st. louis fed president says the central bank should speed up its monetary stimulus. the fed said it would begin tapering the bond buying program which was put in place in the early days of the pandemic. the pace of production would seize purchases by mid-2022. >> the inflation rate is quite high, the core inflation rate is about 3.6%. the highest it's been in 30 years. i think it behooves the committee to attack and a more hawkish direction, we could move faster, we kept optionality that we could speed up the taper if it's appropriate. vonnie: china is set to be accelerating hands to replace foreign

is it through google, or word-of-mouth, or is it through peek.com? ruzwana: one important part of it is giving customers a great customer experience. we have about 4 million reviews on our platform. the merchants that have the best reviews are the ones that have the most votes coming, because of word-of-mouth, because of people discovering them online. i think that what we see, the majority of merchants on the website. it's for local tour agencies and hotels. it's a little more fragmented in the space. you do need great technology skills to manage all those challenges. caroline: are you feeling growth mode upon you as we enter the holiday season? where do you need to invest most in your business? ruzwana: first and foremost, we are tripling our team. we want to make sure we are in a position to make the most of the travel come back. as you mentioned, people are saying they want to travel again. we saw drop off in the early part of covid, but things came back and a strong way, so we are focused on that. during covid we helped merchants get access to $

." >> google has lost its appeal for antitrust filing. they should a warning today accused of thwarting smaller shopping services. $11.9 billion in the year's biggest ipo, the sixth-largest of all time. bloomberg has learned that president bynum -- president biden and xi jinping will have a virtual summit. no date has been set but they have quietly improved relations in recent months. still, the u.s. and china have sparred over taiwan and washington is can third about beijing's new their arsenal. in the u.k. will not join an alliance of companies fixing a date to say that oil and gas production area is expected to announce as many as 10-15 new members today. the u.k. says it isn't joining because it could cause a cliff edge in energy supply. elon musk is the biggest loser, the world's richest person has lost $50 billion this week after tesla shares plunged for the second day in a row, the biggest today decline in the history of the bloomberg index. he still tops the list to the tune of $280 billion. global news 24 hours a day on air and o

you have google pay and other taking market share right now. stephen engle wrapping up the earnings from that paytm review. prime minister modi saying the government is scrapping these new farm laws after months of protests. the prime minister finally caved and will repeal these controversial farm laws. is this a bit of a surprise? >> yeah, it is. he has been under pressure on this issue for months now. the protest really has gathered steam at the beginning of the year, particularly in punjab. a lot of the big farmers in particular have been at the forefront of the movement. today, the holiday in india, which could explain part of why the announcement came today. we also have an election coming up in the most populated indian state. the protests have been there, they have been gaining some traction. his own personal ratings have been down on this issue. it looks like he is bowing to that pressure and getting rid of these laws. >> thinks for that update. could be a huge loss for the prime minister as he decided finally to cave on the back of pro

i am going to have to google that one. tom: i it to him about the tots the other day. jonathan: also, he wrote in, saying i guess iou a beer. lisa: want to talk about it? tom: i do. you know what bothered me yesterday with a countdown clock? having to be on air with the fed countdown. i got upset. jeff fitzpatrick on the change in washington. fitzpatrick's washington is stunned, and interesting outcome of this election. is there negotiating between the left, particularly the sanders left, and the center? or is our posturing after this election? jeff: there seems to be negotiating that involves some posturing. right now, the back and forth, i would sleep more between house democrats have been responsive to progressives and joe manchin. that is where you see the divide on the paid family leave part of this bill, with democrats adding a measure that engine -- manchin does not appear to support. there is a back-and-forth. but there is negotiating as well. t i -- tom: i take great issue with the idea that it is joe manchin against the world. how about after tuesday? jeff: i

you mentioned apple, google doing it, too. this is smart for them because they are tech titans, and history shows it is unlikely they will keep that hegemony, so they have to tap into an accidental growth opportunity. maybe this is it. it is a little tough because when you buy those companies, you're not getting a lot of ev exposure. the fourth area we would say we are most excited about is the supply chain because it doesn't matter who wins, as dan just articulated. it is a little complicated to figure out who is going to be the big winner. we know the big u.s. winner is going to be people supplying in the supply chain. so the electrical wiring for the vehicles, one of the semi-providers, and the third area is a company which makes the small motors used in a lot of these vehicles. guy: are you suggesting that the big, traditional oem's don't survive? rivian was worth more than volkswagen. is that an indication of the future? does volkswagen cease to exist? katie: i think what you see is what you see when you have disruption i

the ceo of google. >> the market valuation, our mission is timeless. there is more need for information than ever before. ritika: global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> china needs to play by the rules. a certain amount of aircraft and agricultural products, they are not doing that. they are not living up to their commitments. jonathan: from new york city this morning, good morning. tom keene, lisa abramowicz and jonathan ferro. a stellar retail sales report in america, the conversation about -- inflation, growth is looking good. yields are at 162.84. the euro dollar, 1.13. crude, $79.66. a report from the south china morning post that the u.s. and china has had a conversation about a joint effort to release crude reserves. no results or follow-through. tom: we will have to see about that huge point in singapore and malaysia or the oil comes around and off the pacific rim. we will hear more about that at the

was a big winner, now calling it the meta platform, but on the downside you have amazon, alphabet, google, adobe, netflix, etc. today, looks like tech is weighing on the stock market. amanda: totally. as you say, priced to perfection takes on a new meaning where you can beat your quarter but not by enough. matt: i said nvidia, they are actually up a percent. if you check out the s&p on your bloomberg, a great way to look at what is weighing on the index. . time for stock of the hour. airlines cut staff through attrition during covid, but now the strategy is fighting back. american airlines lost 2200 flights over the weekend. kriti gupta is here to break things down. i thought i flight from berlin was hard but at least i had a flight. >> it has to do with 2200 cancellations, a third event on sunday. it all comes down to flight shortages. there are concerns about limiting hours that pilots can work, so by the end of the month, if you have these high weather issues, why these cancellations happen in the first place, and you don't have the backup to support them, that is where you get into tr

the vanguard community's of us is, twitter, google, alphabet, those not as big of a decline, but still, overall outflows yesterday on that powell news and the idea that you are going to see normalization of rates, and that could pressure these high valuation stocks. to the point of higher quality tech taking the hit yesterday, that's because high quality tech has largely been up in the way. more recently, the less preferable tech shares have taken a selloff, so perhaps in cement dissipation of yesterday. finally, in terms of the technicals which you know i love for sure, we are ticking a look at the nasdaq 100 and the members above the 50 day moving average, right now on the downside at 56%. that is actually pretty high. anything above 50% is good, but you can see the direction is not great, and it could go down much more if the tech selling continues. alix: thank you very much for validating me. doing us now for more is karen murphy, kester holdings -- our fee, -- murphy, kestra holdings chief investment officer. karen: the market overall has really strong underpinnings, strong profit

that is where you find the likes of facebook, now meta platforms, and google owner alphabet, so some direct competition there. beyond that, you talk about competition, look at twitterverse's square over the last couple of years. square is a much faster growing company in terms of revenue. analysts expecting it to more than double this year. twitter, they are looking for a 37% increase, which is not shabby, but nothing like you are seeing out of square at this point. twitter has certainly had its challenges in terms of user growth over time as well. last year, adding something like 40 million users. this year, not even half that. they've had the issue with having to remove former president donald trump from the platform for the january 6 riots at the capitol, so those kinds of issues aren't going away. things like mist information -- like misinformation, bullying, all of the concerns that show up with social media companies affecting twitter as well. alix: how does twitter fare during covid, especially related to its peers in social media? dave: it just hasn't been able to keep up. it

advertising, you figure they are up against the likes of google and facebook when it comes to driving the ad dollars. it shows up in the stock's relative performance. twitter has not been able to keep up. kailey: we could rely on you every day tweeting out your charts and stock of the day. will we still get those pix? david: it is an interesting question. we will be able to keep up chart of the day. she will be taking over much of what i do. tom: she drink the kool-aid? david: i hope so. it delivered what needed to be. we will keep up some of that. some of that may pass with the history. we will see how it all shakes out. tom: david wilson will be with us tomorrow. thank you. we will see you tomorrow. jonathan: celebration of dave for the next 24 hours. 37, the youngest ceo on the s&p 500 now. he was born earlier than zuckerberg. zuckerberg now in the second spot. tom: i don't have any real wisdom on it. we use twitter like crazy. it has been a huge benefit to all of team surveillance. i don't understand the revenue production. jonathan: most people would say they don't understand how

mission for samsung, which has to strike major chip orders from big tech clients such as amd, amazon, google, and possibly from tsmc's clans and improve its profitability. with support from the u.s. government, federal and state level incentives and resources apply. the new u.s. chip plant will be helpful for lowering new american clients and partnering with them for complicated chip designs. haidi: our asia tech reporter in seoul. next, we get insight on asian bond markets. this is bloomberg. ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. haidi: we are getting the bank of japan pmi for november. this is the preliminary reading, but we are s

i would encourage people to google the federal reserve. all of our sessions are on youtube. it has been an illuminating series. to your specific question, i think the important thing is that whoever is in that role understands that capital markets and financial markets have had these challenges and barriers in the past and are sensitive to look out for them in terms of how we execute our regulatory policy and how banks feel about their practices moving forward. whether that needs to be someone who has actively discriminated against or not, that is an open question. i think the sensitivity and the awareness is something that will be important for the next person who holds that position to have. kathleen: i want to come back to this question of fed policy and this insistent inflation rise we are seeing. a few of your fed colleagues in the past week have said they are either certain that the fed needs to speed up the pace of the bond taper, or at least talk about it seriously. how about you? raphael: i think there are good arguments to be made that we really should be consideri

enough is enough hundreds of google employees drawing a line in the sand over vaccine mandates tis the season for a data breach a warning of hackers striking over the holidays. >> and a morning rbi puts president biden oil in context this is "worldwide exchange. >> good morning. good afternoon, good evening happy thanksgiving eve i am brian sullivan. thank you for joining us think about interest rates and maybe turkey stock futures tuesday, merely a mirror image of monday. the dow up tech down and commodities up dow futures are down about 130 as well. nasdaq futures are lower the dow has done a little here and there. a pretty sizeable decline with the underlying story nasdaq futures down about 34 points small caps lower as rates try to claw their way higher. yield is lower at 1.64%. looking at oil and the strategic release. oil looking a little higher. this is why at 5:00, you can't look five minutes earlier because things change. there is no volume oil is down. we'll explain why or at least try to in the rbi coming up the in this case in asia overnight china slamming the biden adminis

. >>> we have a news alert out of europe top union court upholding an antitrust ruling against google. giving it an unfair advantage. google can still fight this is like me drooping a din why china is buying uch all of the gas starr can. more about prices in europe and around the globe >>> today's big number $1.1 trillion. the total originated mortgage debt according to new york credit report. just 2% of originated mortgages were to sub prime down from the 12% average in the leadup to the housing crisis er work becomes... the servicenow platform will make it just, flow. whether it's finding ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? or solving a workplace challenge that's yet to come. whatever the new world of work takes your business, the world works with servicenow. ♪ (vo) reflect on the past, celebrate the future. season's greetings from audi. t'was the holiday season, and joy filled the town. except for scrooge with his perma-frown. no! the gift of a peloton bike did touch his soul. riding fast, flowing

what about google, return of advertising travel and the rest of the but it is up 64% year-to-date >> it is up 64% year-to-date, but i think it is still a company that is very, very well position they're not in the kind of problems meta has right now, at least on a regulatory basis. i think it is a company that is really going to benefit from just expanding economic growth as more of the economy grows, the more i think google in a lot of ways is going to benefit. even though they're really considered tech stock, in some ways it is almost a cyclical stock as well, particularly because of the advertising component. as the economy recovers i think google will benefit from that. >> quick question on the way out here tell me how taxes are affecting strategy and planning right now when we don't know what is going to happen with the build back better act >> well, here is the whole thing. if you are an investor out there, you have to ask yourself are taxes going up or down if you think they're going up next year, then maybe it is time to take some capital gains for those of you in the plannin

he found friend feed acquired by facebook which led to his becoming cto before that he was at google as a product manager. he has good product chops. >> dorsy writing on twitter or memo, you have no idea how happy this makes me with bret taylor becoming chairman. when we talk about the differences between other founder-led companies, something that twitter does have if not market cap in size to the other ones that we mentioned like alphabet, apple, amazon is the regulatory pressure. we've seen those ceos step down over the last year and a half at alphabet, am von i wonder do you think this has something to do with the jack dorsey simply not enjoying, testifying in front of congress and all the pressure that he faces as ceo of twitter? he didn't step down as ceo of square >> that's right. look, there's no doubt that in a lot of ways being ceo of a platform right now is not a fun job. there are going to be more hearings there's legislation moving through europe right now that's going to put some really onerous requirements on these platforms. i can definitely see jack wanting to step a

i'm going to call google google, i'll never call them alphabet. meta platforms is facebook you say it's like survey says and the thing flipped. anything you don't like, in a police sta place you're avoiding putting money? >> a couple of areas investors want to make sure they're staying in their allocation there. i do still like facebook and that's are an area we're still holding. haven't been buying as of late rebranding and shaking up their story a little bit as they move into the metaverse investors we're in a position the near term sets up nicely but you don't want to go overweight in areas that may be overvalued in the market. you had a cryptocurrency graphic up i think there's room for the coins and tokens to take off areas you want to stay away from is the companies that are going to have problems and inflationary pressures you mentioned we are seeing rising costs if your company in the business model is going to be underpressure due to the rising cost we saw starbucks earnings they had a little bit of a struggle they'll be raising w wages.

you think those two top runners are microsoft and google, because they still have huge growth and they still have good margins and you think apple just -- you know, as amazing as a company it is, might be getting a little bit left behind here, at least in relation to microsoft or google? >> i think so. alphabet is a rare -- not rare stories but i think if you look back five, ten years it has been an underperformer within the large cap growth complex microsoft transformation has been out of this world, what they've done over there. but as you said, i think you check the boxes, microsoft and alphabet they have elevated margins, enormous scale and impressive growth showing no signs of slowing they benefit from secular trends and that's where those stories come together and celebrate themselves from the larger cap growth nvidia, what they told us last week can potentially be added to that bucket, my concern there is some of the recent activity wreaks of a retail footprint but in terms of the names growing from secular growth scale margins, microsoft and alphabet are unparalleled in that un

from september 2, 2020, to present, google is up 73 microsoft up 46. s&p up 30. apple up 23. it's been a real laggard since that blow-off. look at the next slide, data table. what's happened over the past month? the exact opposite tremendous performance from apple. relative strength, one of the great factors in investing is showing us that something is going on three charts an apple chart that picks up the covid low. no judgments or annotations by me next chart, draw some lines. one way to draw the lines, my eye sees, and we are moving above that upper bound the final chart, a short-term chart, it puts it all in context. this is the definition of a breakout, a textbook move to a new high if you look at all the factors that one can look at earnings revisions or evaluation or balance sheet leverage, over time one of the great factors in investing is relative strength today's relative strength in and of itself is nothing short of shocking >> back to microsoft, carter i couldn't help but to notice the big gains that we saw up 46% and then unchanged over the past month. is that ju

. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ >>> covid watch. europe was one of the first regions in all of the world to rule out vaccines. now many countries are talking about another surge in infections it's raising concerns. europe accounted for more than half of all covid deaths worldwide last week. that's from the world health organization russia, turkey, and the united kingdom reported the most new cases. infections are also rising fast in germany, the country reporting more than 50,000 today. that's an all-time high for germany. officials scrambling to put new covid rules into place. >>> and israel just conducted a nationwide drill to prepare for possible new variants. the israeli prime minister said it had the format of a war game. >>> in the united states progress appears to have stalled. there's new data that shows infections are once again starting to rise slightly. situations are very different depending on exactly where you live a dozen states are reporting at least a 20% increase in average daily cases over the past week those stat

. >>> and epic game's ceo renewing his attack on the power of big tech, namely apple and google. sweeney said apple complies with oppressive foreign laws which deprives them of political rights but is ignoring anti-competitive laws passed by south korea's democracy. apple must be stopped. >>> earning season rolls on with big box retailers taking center stage. the names you should be watching ahead. >>> plus the great lengths companies are going through to get their products from port a to port b. >>> and later on, more on the summit between biden and xi. the key investor takeaways are ahead when "worldwide exchange" returns after this break [suitcase closing] [gusts of wind] [ding] at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. when you hear the word healthy it always feels a little out of reach. but it's all about the baby steps. maybe it's a jump or eating something green. or taking mom to get that vaccine. ♪ healthier me

but the overall metaverse narrative is more google glass than google search, joe. >> i think you just took a stand, john. i don't know you seem more animated about the ought hand side of this how do you think investors will tell the valuable parts from the hype >> well, joe, tech does this every once in a while. big tech companies decide to put a bunch of marketing ideas, sometimes it's too soon. ten years ago, part is cities and really it wasn't time for that yet you really got to watch where the demand is, where the end user demand is leading, not just, where oh, boy, if we want to connect all these dots, this should be what the future is the future that thinks things should arrive often doesn't. >> we were talking about disney and throwing out the metaverse for disney where do you put that? if it's a tech thing, disney is out there, how do you evaluate that >> disney has genuine depth of concept. they bought up modern mythology in a certain way blue clunk metaverse, once this free marketing concept facebook and others are putting lots of ad dollars behind, everybody will pick it up

and the final details are being ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ (man) go on, girl, go on and get help! [heartwarming music] (man) ah! (burke) smart dog. with farmers crashassist, our signal app can tell when you've been in a crash and can send help, if you want it. get a whole lot of something with farmers policy perks. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ >>> it's the last day of the u.n. climate summit in glasgow, scotland but the deadline has passed, and delegates are working around the clock to get a deal done some climate pledges have been achieved, but some crucial ones have not in glasgow, here's diana olek. >> reporter: the negotiations were ongoing early this morning. as the frustration and fury was wrapping up. >> we have to live up to the expectation of young people who don't want this place just to be a place of words. >> reporter: a draft of the final decisions was released with some progress and some disappointment it leans in to the 1.5 degree celsius limit as a goal, but holding to 2 degrees given the countries' emission reduction targets, global warming

from google came over to apple a few years ago. they have caught 70 vehicles that have been moving around the bay area they been doing testing. and maybe just to put a finer point on behind, apple is i guess light years behind when it comes to inif i it in years behind when it comes to building cars there is no comparison but a.i., which is really the substance of autonomy -- on that front, they are doing really well and it's hard to gauge where it's at because we haven't -- i haven't been in one of those vehicles but i can say right now the benchmark is tesla i recently was in another tesla that was running full fsd. at moments it was quite scary. most of the time, it was really impressive about where the tech is at. i think that when apple -- and you stack apple against tesla in terms of tech prowess, i think they are probably closer than you think to where tesla is at today. >> that's very interesting i have the same sort of sense of i have never been in anything autonomous or even semiautonomous so the fear factor is a big one

google put it in the pixel smart phone. what is interesting, not a lot of people have a pixel not a lot of people use the onstar app and yeah, there are a lot of gm vehicles on the road but it is a much bigger highway than that. with the iphone, all of a sudden you are talking about bringing this kind of a if heture to a lot more people. >> could this be a glimpse of apple's ambitions in the car space? >> you know, that's interesting. i think the car space for them has been a challenge, as everyone knows i think they are still working that out they even had a change of leadership over there not too long ago, including somebody coming off of their watch business i think, look, absolutely, they have got designs to be in your car as much as possible. and this could play into that in the long run is this correct me if i'm wrong here -- >> correct me if i'm wrong here, i think a friend of mine, hurt his knee badly, and apple has function where if it detects that you have fallen it either tries to notify you or will call 911. don

google cloud i'll bet you he would do it. i just think it would be good. it wouldn't necessarily -- yeah, i'll give you -- >>> mr. secretary, the president said famously a while ago, if american companies need more workers, and they clearly do, they should pay them more. is there a point at which hourly increases in wages and pay hikes would be seen as dangerous to the economy? >> i don't think it's necessarily dangerous. i think we have seen some increases in wages and participation of people going back to work increasing. this month was a good number if we look at since the up hack in office. 650,000 average jobs gained. so 5.6 million people have gone back to work since president biden took office. we're going to watch the wage number, all those numbers as we move forward here in the months to come. >> mr. secretary, thanks for sticking with us i know the helicopter noise is tough. we've all done live shots and it's not fun good to see you, though. >> thank you very much. >>> a programming note, the president is expected to deliver remarks on the jobs n