you mentioned other companies, amazon, google, microsoft. amazon was selling their technology to law enforcement, which created issues. they paused that a few years ago. i think this is a way for facebook -- meta-, to put pressure on others in the industry, probably try to get ahead of potential regulation. we have seen lawmakers in the usa, we need laws, we need rules around how this technology works. this is facebook getting out of the game on the earlier side so that when there are these laws, when there are rules that come about, they are not necessarily reacting in the same ways their competitors will have to. emily: the company says they will delete one billion facial templates. how can we be sure that that information will actually be deleted? >> it's a great question and i tweeted about this story, and all the replies were essentially, ok, sure thing, facebook. it goes to show you how little faith there is that the company that will make a big public announcement like this will follow through. we will have to expect them to essential

microsoft unveils its version of virtual worlds for business. my exclusive conversation with ceo satya nadella about how microsoft is building its own path to the future. now that andy jaffe ascended the throne at amazon, adam's allete ski says he is getting started as ceo of amazon web services. where it is always day one. a sneak peek of my upcoming bloomberg studio 1.0 sit down later this hour. and, meta-platforms. yes, the company formally known as facebook will shutdown the use of facial recognition technology on the facebook network. this is the same tech that alerts users when photos they are in are uploaded, enabling them to tag themselves. does it signal a new stance for the newly named company on privacy? we will discuss. all that in a moment. first let's get a look at the markets. the relentless rally of stocks pushing major u.s. benchmarks to their all-time highs, with investors bracing for a key decision from the fed. our ed ludlow is joining us now with more. what role with -- will tech play today? ed: tech is the better performing

matt: he may not have guessed microsoft would be worth $2.5 trillion so soon. dave wilson there, our chief stocks editor. we are going to talk a little bit about brexit. jonathan: no, i am going to be done on that. i hate marking to market the wealth of these guys. by all means, you take the other side of that. the director of research of bloomberg intelligence. looking at things right now, this bill they have put out, reducing hospitalizations and debts and high list patients by -- high-risk patients, sam fazeli, the numbers look great. is it a game changer? sam: it can be, and thank for having me back on. it has been a while since i saw you. there are certain considerations here. let's not take away the fact that this was a great result. the issue is you have to be tested and then get treated within the first five days of being positive. the way pcr tests are today, the cost it has in some countries, that may be an issue, but it was also an issue for the merck drug. but still, even if it comes down to 60% or 50%, that is a great result. lisa: one of the reaso

>> he's worked at microsoft since the company started gaming 20 years ago. at the time, people were skeptical xbox could compete in an industry dominated by sony. now with games like hilo the concept brings in billions of dollars every year for microsoft. >> 3 billion people play video games on the planet. most are playing on devices they already own that they might use for other phone calls, tablets, whatever. at microsoft we are putting the player at the center and allowing somebody to play all the games, connect to all the community they want to connect to, regardless of what device they want to play on. we're using the power of the cloud to deliver xbox games that run on consoles but also run on the cloud and come to players anywhere. that is for us our long term vision is allowing anybody -- when everybody plays, we all win. >> all right. come on. oh, no. going backwards. just push. >> i have faith in you. you're going to catch up. >> reporter: this is called ritual humiliation. how long do they take to create these things? >> big triple-a games. three,

so microsoft is investing heavily. they said before they plan on going after zoom with all they have and eating their lunch. so zoom, i would not -- i'm in the camp that rallies had to be sold versus buying the dips. i think this story has done a complete 180 and there's no growth and the valuation's probably still too steep, the stock down another 8% today. >> i guess the hope there would be there is going to be this model, this hybrid model for a while, if you go down south a lot of people in the office, but in the northeast a lot of people pushing back will there be a market longer term for zoom in it's not going to be what it is but we're not going to delete the app off our phones or computers, it's going to be a hybrid situation where video communications have a role. >> exactly 100% but i think the difference is, as you said, and in fairness to zoom, i think the last quarter was better than many expected. but with smaller customers being a top piece of the revenue pie that's going to lead to a volatile metric. yo

microsoft down $5, down 40, amazon is down 35. here's the reason why tech is down, the yield on the 10 year treasury moving up, 167 earlier, 164 now. big tech is down. another win for republican state. samsung chooses texas for its gigantic $17 billion semi conductor plant. a formal announcement comes this afternoon. reportedly they will billion taylor, small town 30 miles from austin. texas is on its way to becoming a major high-tech center. intel, hiring 1700 for its design campus in austin. elon musk moving to the's record is there. why texas? it is a pro-business state. executives and high-tech workers flooding in phase low taxes. minimum of regulation and the governor committed to prosperity. businesses not exactly flooding into california. business is going the other way. escaping a failing education system, draconian environmental rules, skyhigh taxes and the governor who never met a mandate he didn't like. new jersey or illinois, business takes a backseat. capitalism and exploitation. big state governors stamp their feet a

stuart: let's have a look at microsoft. why not? we have deutsche bank saying microsoft has room to run. that means it could go up what level? >> you like this other term in this analysis which is the gold standard which comes to technology shares, that is what they say microsoft is, $390, or another 20% upside and the reason it is the gold standard which i know you like, because microsoft has the widest and deepest mode of any company. do you believe that is true? the x boxer windows operating software. when cloud is number 2, yours is number 2, it has faster growth rates but don't know if there is anything competitive. stuart: don't know about that but i do know they are firing on all cylinders. >> stock price going up. stuart: where's the negative? >> the legacy business, everybody knows that and it is execution incidental. stuart: one more. the online education people are down 40%. what happened? >> students are not coming back, business is not doing as well as anticipated. a huge drop. students are not coming back as anticipate

on those grounds, winner challenged microsoft's denial in 2017. she was invited to re-interview, and this time, got the job. >> i was so excited. all of that devastation and the hurt and the sadness, gone. [laughs] i was just ecstatic. i remember the recruiter. she says, wow, i have never had a response like this before. [laughter] i say, girl, i have gone through it. i've been going through it. amna: so if this law wasn't on the books and shelley hadn't called you, what would have been her recourse? >> she wouldn't have had any direct recourse. amna: patrick mulligan leads san francisco's office of labor standards enforcement, which implements that fair chance ordinance. >> there is 70 million adult americans that have some sort of arrest oconviction history. the employment is regarded as probably the number one issue regarding recidivism in this country. so i think issues that affect one-third of the adult population are important for everybody. amna: across the country 37 , stat and more than 150 cities and counties have "ban the box" rules tha

microsoft is growing about 15% over this time google is at 23. netflix is at 27 amazon is at 28. and facebook, given all the discussion about the metaverse, they've grown revenues compounded at 34%. you can buy both facebook and google at a lower multiple than apple. and don't forget, apple is a massive pandemic beneficiary and so, for them, their iphone revenues over the last five years, fiscal 15 to fiscal 20 were down 11% over five years before you had this pandemic benefit. ipad, mac sales were also down year over year before the pandemic hit so, you know, for me, it's -- we like facebook a lot. we like google a lot they're growing 2 to 3 times faster and buy them at a lower multiple with faster growth rates in the future. and we haven't even gotten into the risks around privacy and what that does to their app store or take rates. >> right, dan. how much weight do you put into the services piece of the apple story? still a relatively small portion of revenue, but if you think that during the pandemic, they were a beneficiary and were able to grow that installed user base, cou

they would be a microsoft ecosystem for a long time. microsoft will be battling it out with google, and apple and years to come. lauren: speaking of capital gains taxes, taxing wealth, that is very much on the table for build back better? the bill passed the house, go through the senate can it still provide wealth in the country? is that something we see on the horizon? >> the current administration wants to attack the wealthy and the successful. it is never worked in the past, previous administration, the successful people as we are seeing from a lot of people. it is going to pass, we will keep a favorable tax rate, we have wealthy people figuring out the best way to find the tax haven. i would not be concerned about that. lauren: don't move there permanently because we will miss you. the office plans, most workers at goldman sachs and morgan stanley, are back on a rotational basis. they have been back in the market since september. wells fargo bringing them back in the new year. goldman adding new benefits so their employees don't bur

absolutely i would think that companies like apple, you know, obviously facebook, obviously microsoft, twitter by the way is probably one company that no one thinks about but they probably know this space better than anyone in terms of what the players want and how to engage that audience because twitter is very much engaged in the block chain ecosystem. when you talk about metaverse, really you're talking about nonfungible tokens you can take with you in game and across metaverses obviously nvidia is big one as well i think twitter is the most underlooked, i suppose, in this space as far as public companies go >> underlooked or underrated i was actually rahul going to mention snap they're developing all of these augmented reality tools and letting users use them right now. they're also capturing, you know, younger generation >> yeah. i mean, sure you know, i just don't know that snap has kind of a clear vision about how this space will work you know, how exactly what is the metaverse, although years ago i think they acquired a company that did glasses they created their snap glasses

. >> jimmy: then microsoft encarta. >> yeah. >> jimmy: you know, stuff like that >> yeah. >> jimmy: so, we'll talk about stuff like that. >> who will >> jimmy: we get out on the air. >> we're gonna talk about encyclopedias and -- >> jimmy: yeah, stuff like that >> yeah. >> jimmy: microsoft encarta. you know [ light laughter ] >> okay. >> jimmy: maybe bring up prodigy. you'll go, "do you remember prodigy? and i'll say, "yeah i do." then you'll say, "oh, do you remember dialing the phone -- the phone dialing go - [ static ] i'll get a laugh >> but should i do it to the audience don't you feel like it should be like, "do you guys remember?" it should be more like that. [ laughter ] [ cheers ] it should be more like that, like -- right? >> jimmy: oh, yeah so maybe, you come out i sit here no, no, no, you sit there. >> i sit here. >> jimmy: yeah, and then you got to go like -- i go -- i'll say microsoft encarta and you go - >> "do you guys remember the sound? [ laughter ] that kind of voice [ cheers ] yeah, a little cheer >> jimmy: that's a bit and you do that. and then you go out there and

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

or want to provide your interest or when your local park come find me more than a call when a site's microsoft contract. when we come up with them, i think we're here to get back a little bit on your computer. i'm sure officially for me, i was looking for an apartment to move in in the month of march and 2020 and i get a random email on my g mail from angela morrison. she claimed to be from the old couple who cannot travel to anymore. and they have bought in apartment in of a popular retail gordon. that's the people in you said that she wants to me that out because it's empty and she, she's dealing with b and b. so i thought okay, maybe because it's a b and b, it's an international brand name, it'd be, it'd be okay to deal. so she sent me, it has the photos of the apartment. it has the logo of air being beam. it has everything that has feedback from different guess i over the emails we were discussing and i said okay, i'm ready to take it. so she said, yeah, okay, you will be be and be directly and i will get the confirmation. so i made the payment. i go to the meeting id, be in the payment we

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i'm finally got better more that opponent size microsoft control. when we come up with them, i think when you're at a thoughtful device can get off your your, your computer. i'm sure it was the fishing for me the me. i was looking for an apartment to move in in the month of march in 2020 and i get a random email on my g mail from angela morrison. she claimed to be from the old couple who can travel to us any more and they have more than apartment in of a popular street corner of the wall. i you said that she wants to be down because it's empty and she would, she's dealing with b and b. so i thought, okay, maybe because it's an international brand name, it'd be, it'd be okay to deal. so she sent me, it has the photos of the apartment, it has the logo of air being beam. it has everything that has feedback from different guess i over the email we were discussing and i said okay, i'm ready to take it. so she said, yeah, okay, you will be be in be directly and i will get the confirmation. so i made the payment. i go to the meeting, the b and b payment we

the criteria is dealing with microsoft so they use of to my be should do much the constant meadows granddad. women, enough women to not just if we did that, a similar socialist marketing go that on your design for sure what's and i mean there's any marketing group. she also stock class. she'll produce them saying it's given him and you put it with the same schools or then you're a new truck. but there's a new one of them. so should be able to call you a firm which was cable or not. and you're marking just particularly just finish, but what i heard through your daughter was now to new york. do you norma market or get for the middle of actual if you do that with the constructor, i'm design, shampoo void, you renier, they do okay. describe your conditional nom up a completion, but she's a senior minion rides. normal. sure, of course. sure. with nozzle. if a dog eat dog, the 1st challenge was to come up with a feature that would not only said the car apart from all the rest like which serve as a clear reference to the country of its origin of lonely millennium below a grown ladyship or even a n

stuart: i just find microsoft a fascinating company. they seem to be firing on all cylinders and not doing anything really wrong that i can think of >> and gaming. stuart: with a good public image >> gaming is by the way a huge business and people forget that gaming is a bigger business than all of hollywood combined. stuart: it is. >> isn't that incredible? stuart: it took me a long time to realize that but it's absolutely true. >> titles are worth more than box office hits, yeah. stuart: next one, you know this story. you gotta explain it to me. gaming platform, just restored after three-day outage. susan, what's this about chipotle being to blame? >> yeah, so reports say that the outage for the kid's video game maker goes back to halloween promotion event in partnership with chipotle that apparently crashed the site for three days. that's a big deal when you have close to 50 million daily active users, and oh, by the way, more than 60% of the users are under the age of 16 so they want their game and it's bad timing since it's hallowe

but we wanted to try to rival microsoft and avoid a grid tast penalty, but was find $50007.00 rather $1000.00 to touching hampton curren inspections and on friday a stuff. and we'll go from 2nd in sunday's race. and valentino rossi will thoughts his last 7 moto g p race from pence position. the 9 time will champion will call time when is 25 year career, sunday season closure in valencia is the tale and the best qualifying results since the previous chrome pre back in august. well, that's way as well for me for now, but i'll be back later. thank you very much, sarah, and that's all for this news. alex, but state change, the more news with darren in just a moment. a me a, a frank assessment. what's the point of view, and if multilateralism isn't part of it's dna, we need somewhere we're sovereign states can exchange informed opinions is okay. likely to change biking behavior. it's not going to change their behavior. they're going to continue to do what they do when it's going to be more in trade and less in terms of trying to match this more games mentality. in depth analysis of the da

and then microsoft. really the best example of what a non-founder can do satya nadal took over microsoft in 2014 and growth at microsoft has been extraordinary from really on the brink of being a has-been to returning that company to a global tech power. dorsey seems to think twitter is ready for that transformation. with someone who knows the company well, but isn't the company's creator. by the way, we've gotten used to a bearded dorsey. i did an interview with a much, much, younger, much more clean-shaven jack dorsey many years ago when twitter was brand new. i posted that interview to my twitter, which seems appropriate. you can find that @scottmcgrew on twitter. >>> okay. you can see scott mcgrew and the morning team every weekday, "today in the bay" 4:30 to 7:00 a.m. on nbc bay area. >>> this is a high-profile week at the supreme court. the justices will hear a direct challenge to roe v. wade. it's coming from mississippi. that state passed a law in 2018 to ban most abortions after 15 weeks of preg

is microsoft still a leader. we will ask robbie because he is here after this. ♪ what's strong with me? i know when i'm ready for a rest day. ...so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire switching wireless carriers is easy with xfinity. just lean on our helpful switch squad to help you save matching your job description. with xfinity mobile. they can help break up with your current carrier for you and transfer your info to your new phone. giving you a fast and easy experience that can save you hundreds a year on your wireless bill. visit your nearest xfinity store and see how the switch squad can help you switch and save. it's the xfinity black friday sales event. learn how to save up to $1000 on select phones by visitn

washington dc, 1900. 63, i'm microsoft speak when president johnson introduce stoves voting rights, sad to the american public. he used the language of the civil rights movement. ah, it took almost a 100 years to realize that those civil war amendments granted because there was a push back to the rights that were granted on the amendments. we had the what we call the jim crow error where lots of states pass laws that made it impossible for minority voters. black voters to be able to vote. they had literacy tests, they had poll taxes. so while on the books, it said you had the right to vote. in reality, you didn't who you know, you hear that america is one of the oldest democracies in the world. but in reality, most people have not had a chance to participate in our democracy. and even now we're facing a lot of laws that try to limit or create barriers to that car dissipation i co direct the voting rights project. that work really opened my eyes to the challenges within our democracy. wasn't just about elections, but it was the rule that racial discrimination played in voting right. so i

> i might go against the grain here if you look at the united communications as a service and where microsoft seems to be the one that's destroying everybody and teams are rolling through, i think the enterprise market is so strong. i think zoom, too much i think the valuation is not where you're getting too excited, this isn't just a stay at home story. i think it is a platform that continues to grow and i believe there's plenty of enterprise they can compete with microsoft. on peloton, there are problems with that result that were not just suddenly trying to carve out a new demographic, price cuts, this wasn't new to that result, but when they talk about recalibrating fiscal output, i don't know what that means in the context of an earnings report doesn't sound good to me i am happy to be back at the gym. if it is not obvious, i am happy to be back at the gym. >> it is obvious. >> peloton down about 35% today. kind of bad timing on the heels of this. these moves are largely punctuating the trend we've seen it is not the day the pandemic is over, it has been going on as a grind for some time

amd, microsoft, very strange flight to safety, call it flight to apple apple is getting huge volume and up, the only big tech stock trading on the upside. also we've seen heavy volume in technology, all of the big etfs, the heaviest traded etfs are tech names the tech spyder, vanguard, the qqqs is tech stocks, the russell 2000 small cap names have trouble if interest rates move to the upside. we have a problem, tyler traders were worried omicron would hurt investor confidence, hurt the supply chain and hurt margins. now powell has come along and said wait a minute, we're going to get more hawkish, not less hawkish on the omicron concerns and that was something nobody was quite prepared for so everybody's trying to figure out what's the right playbook here and that's why you get heavy follow for example in technology stocks where nobody's quite sure how to play that right now tyler? >> thank you, bob pisani >>> next our guest says the fed will likely start hiking rates september and move six times before the end of 2023 let's bring in bruce kazmin, head of global economic research and ch

it came to twitter with internships at e t and t microsoft and yahoo. well that's dorsey has announced his exit as seo twitter shares have reportedly gone up, but shares also increased 85 percent since dorsey came back as c o in 2015. reporting for news news. hughes and hottest suites r t. discuss who bring in boom bust, co host, christie. i am ben swan. i don't think i've had this moment since. what 2020 business days to have both of you on the same said together i tie him a little did his best christmas present. i've been given yet this holiday season. it both of you on the screen and what an important issue actually talk about because right now social media has so much to do with all of our lives. and this step as is natasha mentioned happened before. but kristie, lots of speculation. why do you actually feel like jack dorsey resigned and why now? well, according to him, he was emphasizing the limitations of this founder lead companies. and that he believed it was critical. a company can stand on its own free will of free of its founders influence or

hit another intraday high, microsoft is at 334. it hit 335 earlier. the yield on the 10 year treasury is down to one.25%. that's why big tech is doing well. there's a correlation between the two. 152 on the 10 year. now this. the great climate conference in glasgow has all the scary talk we are used to from the climate crowd. how could president biden fall asleep when world leaders were warning of armageddon. the secretary-general says fossil fuels are pushing humanity to the brink. britain prime minister boris johnson says without climate action mankind is at one minute to midnight it if we don't act, worldwide anger will be uncontrollable. president biden thinks climate change is an existential threat, a threat to our whole existence. i -- in my opinion it is meaningless. which countries apart from the united states have met their carbon reduction goals and which countries are going to commit to cuts in the future that will meet the un's goal? very few and if they did meet those goals many of those world leaders would be voted ou

his push for a green revolution and what he said when asked about alleged inappropriate e-mails at microsoft. >>> and our journey across america to washington, d.c. for a game of checkers at the site of our nation's capital you rarely see on tv. >>> this is nbc "nightly news" with lester holt. across america reporting tonight from washington, d.c. >> good evening from washington, d.c. on day three of our journey across america where i spoke to the country's top military leader about a world growing more dangerous. we'll get to that in a few moments. but tonight we also happen to be standing in the shadow of our top story, the election for governor in neighboring virginia the win by republican glenn youngkin over democrat terry mcauliffe has democrats licking wounds and looking for something or someone to blame as president biden observes another political body blow. the president returning from europe overnight. his legislative priorities at home still in limbo and now facing his party's loss of a key state house with another that's been hanging by a thread all day kristin welker leads our c

for the land they were standing on. >> we want to acknowledge the lead with the microsoft campus since we did was traditionally occupied by the snoqualmie, the suquamish -- >> caucasian woman with long hair. >> a caucasian man. >> this was such education for me. i think i will begin every folly segment with i am raymond, i'm hispanic italian man with dark hair and blue suit who goes by sire and my leisure time standing on swampland once owned by alligators and nutrients. >> when you sent this to me i thought this is funny, when did saturday night live do this. i had saturday night live gotten to be funny because this is great, who is this actress and it is the real thing. >> when you are the software and apologizing for the place you are standing just stay home and let the people who own the place originally broadcast. you will be happier that way. laura: give it back to people, then where do the snoqualmie go? is there another age they can return the land 2, at some point you run out of generations. >> some people say one thing and do another entirely. the duchess of sussex has long d

preferably in microsoft word format. the materials must address the subject matter of the hearing. documents are limited to 50 pages each. documents longer than that will be incorporated into the record. please recognize that in the future, they may no longer work. this should be submitted electronically. i want to thank our witnesses for the participation today. members of the committee may have some additional questions for you and we ask the witnesses to respond to those questions in writing. the hearing record will be held open for 14 days in order to receive those responses. i remind my colleagues that this must be cemented within seven days. the questions must address the subject matter of the hearing. i now recognize the chairwoman for a closing statement. >> please proceed. >> i would like to submit this for the record. >> without objection. >> thank you for holding this important hearing. i want to thank our amazing witnesses. you are absolutely great. your leadership and testimony helps america understand what we do on the education committee and what happens in the depar

microsoft ignite conference kicks off today. the company will introduce more than 90 new services and updates, including microsoft's next step into the meta-verse. the ceo spoke exclusively to bloomberg's emily chang. >> whenever i think about the meta-verse, it sort of comes down to really bringing the real world people, places, and things to the digital world. for us, and fact, this is happening both in the consumer space and the commercial space. seven years ago is when we launched hollow lens -- launched hololens. this pandemic has made the commercial use cases much more mainstream, even though sometimes the consumer stuff feels like science fiction. i was able to go with the nhs hospital in the u.k. and do a virtual visit of the covid wards. i was able to go to the toyota manufacturing plant and to a remote site, and even the space station. so i think the ability to be able to have the malleability of digital really helped bring things together. emily: you are working with a number of partners, including facebook, which jus

and he had internships at at&t, microsoft and yahoo!. clearly he put in the work. but his promotion is so many bigger than him. now google, microsoft, adobe, ibm, twitter all have leaders who grew up outside the united states in india and brought their talents here. just a reminder of how much more immigrants have to offer the country. >>> coming up next, new developments into the investigation of andrew cuomo as new developments reveal how far those close to him went to help him save his reputation. we're 25 million prescriptions strong. we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side effects including... ...dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side ef

while they may seem distant microsoft's exchange vulnerability and several significant ransomer ware attac including on the colonial pipeline and jbs happened this year alone. just thist year, the last few months. as a result an unprecedented number of emergency directives and aes alerts and advisories h been issued regarding serious vulnerability in cyberan threat. the past year showed it's not letting up as evidenced by microsoft's recent announcement the same russianan actors behin the devastating solar winds campaign are tryingso to recrea their success. it underscores the fact that tough talk with putin is not a sufficientdi deterrent. things are not getting better and we must n do more. one off my top priorities over the past year is not just to compete against nation state adversaries but win. if we're going to win we need to bolster csisa, making great progress in advancing its mission this year. i'm also planning to build on the success bypassing additional authority improvements this year such as supporting ranking member's bill to make the assistant director a five-year te

the ceo of microsoft told me cyberattacks are the new pandemic. is that how you would describe it and how do we get everyday people to understand how big a threat this is? >> i think that is right. an epidemic in the united states. a pandemic around the globe. coming after more critical infrastructure. you take the case of this young woman who came in in 2019. she has her child. everyone was focused on the cyberattack. while stuff was going on, the doctors are texting each other back and forth. they are not able to communicate effectively. there were less highs on the heart monitor. a terrible incident. there are more direct ties if you think about what might happen if a water supply were affected or if the power went out or services were not available. as we are seeing more of this, we are realizing this is a concrete challenge. we have become accustomed to lots of cyber breaches. our data is lost. our identity is gone. people are somewhat jaded when it comes to cyberattacks or cyber hacks. these attacks are fundamentally different because they a

not your big tech names, not apple or microsoft, but those new tech companies that are still growth names. a lot of the ev space still falls in that category. i want to hit some of the tech subsectors. tech underperformed, it really translated into semiconductors, chinese adrs which is tech savvy. the soul outperform her was cryptocurrency, kind of doing their own thing after perhaps an inflation hedge. let's get to the macro story. >> some of the device makers, laptop pc makers, hp, and dell. we are seeing strong demand for both companies from commercial customers, basically companies buying new infrastructure for their work, particularly in the case of hp come up almost 7% in after hours. there was weakness in the consumer side of the business. sales down 3%. hb seeing -- hp seeing supply shortages, and in the quarter they were able to get more components than they thought. the supply chain picture is not going away, not changing. that's interesting home go to retail. look at nordstrom, the report hit after the bell, along with gap. that is a completely different story. look at those st

one of the interesting things that come out of microsoft is there's a nice study that came out last month that there's a real decrease in connections across different groups which the paper really thinks is going to lead a decrease in crete giving microsoft because these were teams are becoming more siloed. one final is that the remote world is a very hard world for onboarding new workers and is an unequal world. the onboarding point is if you look at productivity computer programmers, some studies have suggested it's all just fine but if you look at new hires for computer programmers or burning glass technology, counting a new postings, that was down 40% between february 2020 and november 2020. a massive decline in the amount of onboarding. you saw this across all three occupations. while it's possible for relationships to coast on pre-existing ties, people were very wary about onboarding new workers. if you really imagine a world in which soon becomes ubiquitous you're imagining an american that would be unequal than even the american 2019 which was unequal enough for my taste. if you t

microsoft. some other chip names. moderna down small caps under perform it does look like the dow and small caps coming closer to the flat line. s&p 500 and nasdaq go out with a record close ♪ >>> welcome to "closing bell." i'm wilfred frost with sara eisen and mike santoli closing with another record high for the s&p and the nasdaq the s&p up 0.4%. nasdaq up double that why the dow nearly in positive territory. nice ramp we saw into the close particularly for the dow down just 31 or 0.08% excu consumer discretionary and tech only up more than 1% we have a huge hour of earnings ahead with airbnb, expedia, square and uber. also breaking down the numbers from shake shack, dropbox, peloton all results are moments away stephanie link is still with us and emily hill joins the conversation mike, to you first the other thing which we touched on at the top of the show and the hour -- i did shower this morning. move in yields very pronounced and led by europe and the uk in particular and points to the story that the move to

microsoft put out more than 1600 notifications to i.t. companies in response to iranian cyberattacks in 2021 compared with just 48 last year. most of the targeted companies are based in india, several in israel, and the united arab emirates. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. amanda: i'm amanda lang. welcome to bloomberg markets. matt: i'm matt miller. we welcome both our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. one of the world's leading beauty companies, coty, outlined its long-term growth plans at its investor day. we will speak to the ceo from the floor of the new york stock exchange. retailers vow the holidays are safe from supply chain fears. company earnings are coming in better than expected and some even exceeding pre-pandemic levels. a blowout quarter for nvidia. we will dig deeper into the number as the chipmaker reache

high quality and maintain the big positions in the google machine and apple machine and netflix and microsoft. you have to continue to do very well and you want to balance that with very large financials that have the scalable theme. charles: speaking of financials the getting hit for the good. tips are pointing to higher inflation but it keeps drifting and drifting. how do you deal with that in your portfolio you like the big financials but the proposition the reason people say that you should own them is because deals will go up and that is not happening. >> i don't think that's a reason why from a fundamental perspective the money center banks and asset managers and the brokers appeal to the cmo scale and i think the regional banks will have a tougher time because of net interest margin being tighter but the big banks will do just fine. by the way i think 2022 is going to be the year of special dividends, huge dividend increases in buyback not only in the big banks in the u.s. but here in canada. it's a major theme as they return capital to shareholders and that will work out well for thos

you can't look at microsoft and colonial pipeline and get anything but a sense of urgency. we are powerfully motivated to defend the nation. and we are working at it every minute of every day. >> this question will both through -- go to both. integration of new technologies exposing new technologies with cybersecurity, how are you working with the administration and says that to -- cisco to keep -- cisa to keep focused on nimbleness. quantum computing and others are just a few of the challenges. you understand the concept, which is one all things go awry. >> thank you very much for that question, congresswoman. i think that's a very important dynamic. in the earlier question you said that as opposed to something responding to the transgression, we need to establish our own initiative, we need to reacquire a sense as to what we want this domain to do or us, not to us to achieve that. technology, innovation, and best actresses -- practices are places where the united states can and must lead. the technology issues will play a critical role. and an american innovation will mak

microsoft closing in on 340. illegal migrant applications at the southern border surged compared to the same time last year. bill, is that the highest october number ever? >> uses in the number is not surprising because once again we had quite a bit of activity where we are standings this morning. we will get to the video and show it to you. we shot this this morning. 200 migrants showing up in la jolla, texas. they cross illegally, they give themselves up, mostly family units. they walk down the road, look at this other piece of video we have from the air and the ground and once they cross illegally they walk around the incomplete border wall, it is called military road and they are in smaller groups, they arrive at this ballpark and this is where they turn themselves in but it is not just these family units costing illegally, there's the runner element, this started at 5:30 a.m.. look at this video we shot of a group of 30 runners who were apprehended by border patrol, single adult men, single adult women who d