>> you are watching "bloomberg technology." president trump lashed out against democrats saying the party has really let down young immigrants. the president spoke as him and .irst lady millennia -- melania the white house has confirmed that a summit meeting between president trump and vladimir putin is in the works. a spokeswoman says they discussed a number of potential venues in the not too distant

future. an agency ethics official says administrator scott pruitt did ethicslate federal or -- rules. the epa inspector general is also looking into his trip to his home state of oklahoma. ofn he mandela, the wife nelson mandela has died at the age of 81. she emerged as a symbol of the struggle to end might -- white minority rule. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪

emily: i am emily chang and this is "bloomberg technology". coming up, the second quarter tech exodus as it continues to plunge leading a larger market selloff. apple goes all in on its own technology and delivers what could be a devastating blow to intel. we will analyze the new plan to power the mac and the beginning of the and of an extremely lucrative partnership. and tesla tumbles again and elon musk takes to twitter, multiple times. i were look at the driving declines of the carmaker and the growing threats of elon musk's pay package. first our lead, a rough start to the second quarter as stocks fall across the board. pushing all major averages lower. the moves in monday's session following a rocky performance, wiping out gains for 2018.

for more, abigail doolittle joins us from new york. it is always an extraordinary day when we go to you. walk us through the session. abigail: it stands out that each they stepped out for tremendous trade action, and today is no exception. it started down modestly. the dow traded higher briefly, and then by midmorning strong selling pressure that built into the close. you can see big declines for the major averages. putting each major average in that official correction territory. continued uncertainty for investors. the possible trade war is a piece of that, and the bigger piece right now is that tech unwind. investors fearing regulation is ahead for some of the big tech and internet companies.

not wanting to be a part of it, this was the best sector last year up more than 35% last year and valuations are skyhigh. they're coming back down to earth but investors not looking that overhang. on the date the trigger appeared to be amazon with president trump going after amazon over the weekend and those shares are down or than 5%. -- more than 5%. and ceo mark zuckerberg recently in a podcast talked about the idea that the privacy data situation that company is facing is not an easy fix. when you put all of this together there is more tech selling, and big losses for the major averages. emily: we will talk about amazon and the unwelcome presidential tweet later. we will talk about this but more as well. i want to touch on apple and intel. not good news for the chipmaker today. abigail: intel had been on pace for its worst day since 2008,

down about 9%, fishing -- finishing down 6%. this has to do with apple saying as soon as 2020 it may no longer use intel's processors and some -- in some of its products and use its own chips. it is a streamlining of its supply chain and investors reacting personally, in my opinion or so then the headline may warned because it is so far out. but investors are so jittery about what is happening in technology, and it is taking a toll. intel is doing some interesting here, which is clinging to its 50 day moving average. it is hard to see if that will hold up. the big story today relative to the technicals is the s&p 500 below the 200 day moving average. big weighting to consumers discretionary, the bearish action just continues. emily: abigail doolittle, thank you so much for the breakdown. tesla of course also taking a

tumble before ending down over 5% after reports saying that elon musk told employees in an imo that the carmaker may seek a production rate of 2000 sedans, below target set in january. as i sit here notable new tweets are rolling in after a new story by the information, talking about how musk is taking direct control of model three production and is tweeting directly at the reporter, with information saying he cannot believe he is tweeting about this and will take control of the most important thing at the company. another tweet saying i am back to sleeping at the factory. , who had a sell

rating on tesla. there is a lot of things to talk about. model three production is down, model x crash using autopilot and a bad joke about tesla going into bankruptcy. how does it all stack up? reg: -- craig: i have been sleeping at the terminal will be headlines, if you log is sleeping at the if elon ise on -- sleeping at the assembly line. you mentioned the jalopnik report of the model three production as of today. the rally was down about 8% earlier today. tona time of -- a

of negative headlines, the most important from a financial perspective is the model three and getting it wrapped up, and that is supposed be there mass-market sedan and they have not been able to get manufacturing going from the beginning. tesla needs to figure that out and help explain these issues with elon sending angry tweets to reporters. i think one of his recent ones was, i need to build more cars. that sums up the predicament the company is in right now. emily: let's talk more about the tweets that has rolled in over the last 24 hours, one is to the wall street journal and the policy issue of a recall before there are injuries. there were dozens of recalls by other car companies last month, including with injuries and death. you only what an article about tesla, why so? the ceo is complaining about harsh treatment, never a good sign. and we saw that again with the information story moments ago. musk wrote back saying not criticizing, just asking

questions. should he stopped tweeting and start focusing on the cars? colin: it is a fair point. i am not really sure -- the twitter comments to take much time, but it has everything to do with what investors are focused on in the near term and everything to do with the cash burn story. they can't get this wrapped by q2, i think it have to go to the -- they have to go to the market and raise capital in q3. that is a challenge for them because they usually come to the news. with good they usually have a new story to sell. i'm sure they will be able to raise capital, but it will be the first time they go and that challenge position. emily: you have a sell rating, why? colin: we are concerned about

the production ramp. they are in a tight cap position and there is not a desirable position to be in, which is the production wrap. when they get on the other side of this wrap, they have it working capital benefit. it is going to be very challenging to have a wide profit margin on that kind of vehicle. lastly, you have to think about the competition coming down the pipeline. audi and jaguar and porsche have commissions coming next year and there is a lot of competition coming that will cut into the tesla opportunity. on top of that, we have seen quality issues with the model three. , but the only ramping quality level customers expect for what is going to be the lower model. it is still a luxury price point for the vehicle. emily: we can't forget about the tweet about the ntsb

spokesperson saying they are concerned about the investigative information. tesla releases critical data immediately and always well. -- will. to do otherwise would be unsafe. if safety is the ultimate priority here, should we be concerned about the safety given the rush that appears to be happening behind the scenes? craig: i think it may be unfair to link the rush behind the scenes to this rush that they are investigating. it is definitely a fair question to ask, whether tesla was acting inappropriately by putting out several blog posts, one of which was critical of the driver involved in the fatal crash. the company did try to walk a fine line saying it is tragic

what happened, and it is sorry that this occurred. but the company came out during an active ntsb investigation and talked about the driver not having his hands for a period of time leading to the crash. this is a no-no. when the ntsb looks at accidents like this it requires companies subject to the investigation to cooperate and also keep quiet as the investigation is going on. emily: craig and colin, we are all standing by twitter to see if there is more news later this hour. coming up, spotify plans to go public, but not the way you might think. check us out on the radio on bloomberg.com and on sirius xm. this is bloomberg. ♪

emily: tuesday marks spotify's coming out party, but it is not going public in the traditional ipo way. alex barinka breaks down the beats of spotify's debut. ♪ alex: spotify is becoming a public company, but don't call it an ipo. the music streaming service is sidestepping the public offering process in favor of a direct listing. that means the company itself won't be selling shares, and it will skip the share price discovery process is essential -- process that is essential to an ipo. typically when a company goes public, the management and advisers decide on evaluation and embark any marketing roadshow.

they make their pitch to wall street and judge interest from potential shareholders. the night before the stocks start trading, they use the input to set a final price and a final price and the number of shares to be sold to investors, than the shares opened based on that dollar amount the next day. spotify is skipping all of that and going straight to the trading part. on listing day, existing shareholders will be able to sell stocks to public market investors. large established companies rarely do direct listings. the risk is the stock will tumble immediately or swing wildly in the first month of trading because a company hasn't gone through the exercise of matching supply and demand. spotify is betting its rein in the music market will get investors excited. the streaming giant while have -- was valued privately in its march funding round. since 2017, shares have changed hands valuing anywhere from $6 billion to $23 billion.

going public will mean more investors will have the potential to bet on the future of the streaming company. subscribers byn year end. that is 36% more than it currently has. yearue is up 30% more this , potentially reaching $6.5 billion. we are keeping a close eye on operating offices. new shareholders cannot count on having much of a moist -- a voice. according to people familiar with the matter spotlight cofounders will hold shares with super loading powers after the listing. with the streaming music market predicted to hit $34 billion by 2030, you can that investors -- bet investors hope they are plugged in to the market winner.

emily: now for a deeper look at the spotify and its direct listing, a stock market for private pre-ipo tech companies, and also with us is a partner at one of the lead investors at spotify. we talked about how the direct listing is going to work, what are your expectations for tomorrow now that it is almost here? >> good to be with you. tomorrow, there directs listing, what we have heard over the last few weeks is that morgan stanley and citadel have been talking to a lot of investors over the past few weeks to determine what price people might be willing to buy and sell. i think tonight or tomorrow morning they will come up with a price to give people a trading wille start.

tomorrow morning, people will put in bids and say they can bite the stock or sell a stock at that price or lower. from there we should see trading start command left confidence that citadel -- they manage 20% of the volume on a given day in the stock exchange. we think it will do a good job of handling the volume tomorrow and are excited about it. emily: you have seen all the pre-direct listing activity leading up to this. where do you think it is going to end up and what valuation do think we'll see at the end of tomorrow? >> we have seen strong demand and over the last quarter we have done as much volume as all of last year, and then some. over 150 million, so we see strong demand across the board and analysts are pegging a $40 billion price target. emily: so much room, you think to grow? and can they live up the -- to the promises that alex

barinka talked about? >> we think they can and are optimistic about the story. around four times the revenue and sales. withu look at netflix eight times the sales or sirius xm radio, which is growing 6% revenue, we think there is upside in the stock from this point and the recent market trade, given how fast the company is growing. emily: how much volatility should we expect given the unconventional route and the trading that you have seen beforehand? >> people expect a lot of volatility tomorrow but will see strong demand that will hold out and provide more support than people might expect. emily: why? >> given what we have seen in the private market. by enabling the liquidity last year and the private transactions of spotify and over $300 million this year.

they have enabled a lot more price discovery that most companies have a list on the public markets. emily: let's talk about the fundamental shift in consumer behavior that has led to the success of spotify and this transition to on demand listening and viewing that we have seen with netflix. how do you expect that to play out and how does spotify capitalize? >> we have seen a tectonic shift in the way that people consume video content. we are moving away from linear world whereinto a you want to watch whatever piece of content on whatever device you want anytime. the same is happening with audio and music, where people want to listen to the songs they want at any time. spotify and streaming are enabling that tectonic shift. when we think about the future and where the consumer is going and what behavior changes is

-- change is driving that, spotify is the definitive leader in that shift and we think that sets the company up for many years of growth from a subscriber and revenue standpoint. emily: the secondary market was going to investors before the facebook ipo and a lot of companies cracked down and made it illegal for their employees to trade secondary shares. that has since loosened up and now we have softbank coming in and buying a lot of shares, and uber. what are the trends you see in the pre-ipo and pre-direct listing? >> when you look at the time of facebook, there were only a handful of companies that are the so-called unicorns. that has shifted considerably over the last decade. there are 200 companies that are so-called unicorns, and a half access from investors raising multibillion-dollar late stage funds. what you are seeing is they are separating the notion of liquidity from an exit. you have vc's coming in and look at how they can capture alpha

in the private markets through platforms like equity and direct transactions. emily: thank you so much, we'll be all over spotify's direct listing tomorrow. let's take another look at the markets with nasdaq in negative territory for the year after gaining 28% in 2017. we have more coming up. this is bloomberg. ♪

emily: we are watching shares of fitbit tumble after morgan stanley analyst downgraded the stock. the company struggles to bring in revenue and is burning cash. alibaba is stepping up efforts to expand the food delivery market in china. it is buying a company at the valuation of $9.5 billion. it knows alibaba to compete with

tencent in that market. they operate a fleet of delivery people on motorbikes across china. baidu controls its own boomer -- food delivery unit. they along with mccord are two of the biggest competitors in the china the very market. espn is debuting a new streaming service that will cost $4.99 a month. it will offer live sports, including hundreds of mlb, nhl, college sports, and tennis. espn plus will debut on april 12 and the video on demand from disney will launch in late 2019. coming up we take a look at the deep dive tech selloffs. and bloomberg tech's livestreaming on twitter and check us out. this is bloomberg. ♪

retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

paul: it is 11:20 in hong kong. u.s. manufacturing expanded to in -- a slowly slower pace march. eased to 59.3 from 60.8 in february. that is just below forecast while new orders slipped below since august. replacing three directors and a fourth has been arrested in the latest signs of turmoil. changes took place some weeks

ago but have only now been posted on the company is website. director the arrested is a russian billionaire accused of embezzlement. the once hot red hot -- the once red-hot housing market declined. don more than 2% been year earlier. raised.n hobart global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. sophie: a quick check on the markets. investors keeping an eye on u.s. features, hinting at a positive open. --kei 225 using its losses using its losses.

is sliding along with the korean won. the hang seng has raised 2018 skaters on the first day back -- gaze on the first day back from easter. let's check on our shares ponting a two day rise after its largest shareholder sold about 12% of takes in the electronic component maker. tech shares are the laggards in asia. nintendo halting a three-day advance. we do have hong kong listed as one of the worst performers today, sliding 11%. toyota slipping ahead of sales

figures. merrill lynch has entered a downturn. the downward trajectory is continuing. this is your market check. ♪ emily: this is "bloomberg technology." i'm emily chang. let's return to our top story. stocks in freefall on monday's session, a pessimistic start to the quarter. tech stocks led the selloff. amazon up 50% in the last year, after president trump's twitter attack on the online retailer. netflix slid 5%. chipmakers in the s&p 500 plunged more than 5% thanks to intel's worst day in two years. we are joined by michael purvis and daniel flax. daniel, i will start with you. what are the highlights as far as your concerns in terms of what has sparked the selloff and what is keeping it going?

daniel: there are a few things driving this selloff. you have concerns about the global economic and political environments, which is leading to more uncertainty. second, you also have questions in the technology sector about regulation and global tariffs. as we look out over the next couple of years, these issues may well be with us, but we are focused on uncovering interesting, fundamental opportunities in the market. for that, we continue to approach things on a stock by stock basis, recognizing there will likely be continued noise and tweets in the very short term. emily: i do have a terminal chart here showing what we have seen in the broader markets. all good things come to an end. $2.3 trillion was erased. michael, is this here to stay?

has the mood on big tech soured? michael: the tech selloff is not a sector rotation story. it is integrated in the overall s&p bull trend. it is very hard to disentangle things. if you look at the hang seng index, it has a beta of 1.1. amazon has a forward multiple of 92 times and has a beta of 1.03 which is really striking. i don't think we have had in the history of the s&p significant stocks with very elevated pe's that have very low betas. if the trump tweets, if there is a galvanizing force around regulation in this sector, that will be a very enduring market risk. i would also point out today that everyone is focused on the

moving average. you look at the six month vix contracts, they had higher levels today than early february. while the bond volatility index was going lower and treasuries were supported. the real regime change risk here is really -- it has never been about bond and inflations. if this unwind of the tech persists, it will weigh on the overall market and you are seeing that. emily: let's talk about amazon, and the tweets about amazon specifically. president trump tweeting a few times about amazon in the past and continues that over the past 24 hours. saying only fools or worse saying the post office makes money with amazon. our retailers are closing stores around the country. not a level playing field. republican senator marco rubio jumping in monday, presumably in support of the sentiment, saying

that amazon has brought lower prices but could hurt competition in the long-term. new economy monopolies will require close monitoring. i have another chart here which shows negative sentiment around amazon, specifically. i wonder do you see amazon in the league of its own or do you see amazon in the same boat as facebook, as alphabet, as apple? daniel: when we look at amazon and other platforms, these companies are leveraging the infrastructure, including the post office, in all the countries they operate in. what is important is you take a company like amazon, they are investing aggressively in physical infrastructure which is also helping to create jobs. if you look at small businesses, many businesses are able to leverage the amazon platform to

reach customers in ways they would not be able to do otherwise. when we think about the future of amazon and some of the other platforms, the key is to combine the physical and the digital assets to create a user experience that keeps customers happy and keep them engaged with these platforms. as we think about the medium to long-term, the real important focus for amazon and others is to innovate, invest and create value in what remains a very competitive market. we think amazon has potential to continue to differentiate and we expect them to continue invest aggressively in the u.s. and overseas. emily: now, with regard to amazon, bloomberg news has done the math and when it comes to the post office, they actually do make money on amazon. bloomberg has done the math. that said, it is sentiment that matters. i wonder if you think we are

going to see regulatory action from this administration given what we have seen over the last few weeks and months just coming from the president alone. michael: i think there is a long way from tweets to policy simply because the nature of the beast is complicated. what these guys do and the issues surrounding -- facebook with what is happening with their data -- it is very intricate and complicated stuff. i just have a hard time seeing it become real policy here. and, so there is another question about consumer engagement, whether that changes as well off either of these platforms. i would certainly say that even if the news flow that persists and we don't really see a call to arms on policy in washington, that somehow the discount rate for this group of stocks have got to be going higher and staying higher. that means lower pe's going forward, even as the

fundamentals are not really changed. emily: michael purvis and daniel flax. it is all about the fundamentals. we will talk about the fundamentals of facebook momentarily. coming up, after facebook's cambridge analytica crisis, will advertisers stay on the platform or go elsewhere? just where will they go? we will discuss. this is bloomberg. ♪

emily: facebook ceo mark zuckerberg hit back at tim cook, calling the apple ceo's criticism of the social media giant "extremely glib." cook was asked about facebook's privacy crisis last month and called for stronger regulation. he said we would not be in this situation if he was in

zuckerberg's shoes. zuckerberg responded while talking to vox. >> i find that argument if you are not paying, that somehow we cannot care about you to be extremely glib. not at all aligned with the truth. the reality here is if you want to build a service that helps connect everyone in the world, then a lot of people cannot afford to pay. therefore, as do a lot of media, having an advertising supported model is the only rational model that can support building this service to reach people. emily: this brings us to a theme we will talk about a lot in the coming days. after facebook's massive data crisis, the tech giant has come -- cost has come into question. we got into thinking, what makes a truly socially responsible network? that is a question we hope to

answer in the coming days as we take a look at how ingrained social media has become in our lives. zuckerberg is set to testify before congress next week. we will be keeping our coverage front and center. today, we are shining a light on facebook's ad business. are big advertisers pulling out? if so, where are they going? todd krizelman, ceo of mediaradar says potentially, yeah, and joins us from new york. what makes you think they are leaving in the first place? todd: i think there have been some changes in the algorithm that are definitely things that facebook was putting into place at the end of last year and the beginning of january. the impact of that, as facebook decided to step away from aligning themselves from any type of editorial, as a result of them stepping back, you saw snapchat and others stepping forward more saying we can court these other kinds of publishers.

with that, advertisers followed. emily: has facebook lost any advertisers to your knowledge as a result of this cambridge analytica scandal in particular? todd: it is too early to calculate. our business model is to track all of the advertising and that is everything from youtube to snapchat, but we definitely see a big uptick on advertising on snapchat and some of that is from the redesign they announced over the last few months. emily: snap is supposedly cutting about 100 jobs out of advertising. are they really benefiting that much from facebook overflow, if you will? todd: i think they are. one of the things that is interesting are these discover channels inside of snapchat's platform. there are many channels and partners. those partners, whether they are

the hearst corporation or nbc, they are filling those new channels with advertisers. those advertising dollars are coming from, not just from facebook, but certainly one of the places. you are hearing from those broadcasters and publishers like hearst that they are happy to be partnered with snap. emily: what do you make of mark zuckerberg's response to tim cook saying that his comments were extremely glib and saying that an ad supported model is the only rational model if you really want to reach everyone in the world? todd: i think these things are portrayed as either/or, but they are not. both companies are wonderful companies that have been at each other for some time. it is to be expected that apple could take advantage of facebook while they are down, but i think mark is right. for sure, the ad-supported business model is here to stay. emily: in this case, it is not either/or.

facebook makes money on advertising and apple makes money by selling their devices. they are fundamentally different. the are people out there who protested that maybe facebook should charge a subscription and take some ads out of the fee. do you think that is something that is realistic for facebook or that they should consider? todd: i'm sure they will consider all of the options. there are more tier subscription models in a free mode versus a premium or paid mode. i think what mark said was right. the masses at which they are serving, not everyone is willing to pay for additional content. when you look at the apple business model, while they have some paid content, a lot of the business today is about the business of selling a piece of hardware. not that the software and services business is not growing and highly profitable, but it is

still just a piece of their business. emily: what do you think it really means to be a socially responsible social network? todd: i think we are learning, and in the process of it. i think facebook throughout, not just now, but over the last year, they have constantly been very open and honest about the errors, whether it is methodology or whether it is acknowledging their role in the election. these are things they are learning as they go through it. i don't think there is a blueprint for this that they know ahead of time. emily: all right, todd krizelman, thank you so much for weighing in. we are going to be covering the socially responsible network all week. do not miss our conversation with franklin foer, author of "world without mind: the existential threat of big tech." coming up, apple taking a big step into becoming a semiconductor powerhouse.

planning to use its own chips in mac computers. this is bloomberg. ♪

emily: in the midst of all his tweeting about tesla, elon musk fired off a tweet celebrating his other company, spacex. spacex had another successful launch from cape canaveral. the falcon nine rocket carried supplies for the international space station. spacex is targeting roughly 30 total missions this year and monday's launch brings the tally to seven. now to a bloomberg scoop. apple is delving further into the chip business and plans to use its own chip in mac computers as early as 2020. the move would replace intel chips. the news is a big blow to the chipmaker, shares falling 6%.

i will go to ian king who covers the chip industry and mark gurman in l.a. who covers apple. mark, tell us what apple is doing here. mark: what we reported was for the first time, apple is now designing and planning to use its own processor, the main chips known as cpu, in its computers which would replace intel which gets over 5% of its annual revenues from the mac. emily: why is this such a big blow to intel? ian: about 5% is not the end of times for intel, but if it becomes a phenomenon, a proof point that shows intel's chips are no longer the leading technology that nobody can move without, then it becomes a major issue. emily: what is the likelihood of that? ian: there have been lots of attempts over the years to knock intel off its spot.

hong kong is trying to get into the pc industry again. nobody has really make any impact, but if apple can do it, people are going to look. emily: how does this fit into what we know more broadly about apple's plans? mark: apple's plan has been to bring more features of the mac to the ipad and iphone. also bringing iphone features to the mac. the mac has taken a step back from prominence because of ios, how much money it creates for the company. apple is going to announce this in june. a big push to bring software platforms of the mac, iphone and ipad together. they will allow users to run software from the iphone onto the mac. the next logical step is to move to the hardware space in terms of merging. if every apple product runs the

same processor, same lower-level functionality, it can run more of the same features and get enhancements at the same time. emily: intel is weathering this in an already bad year that the chip flaws you reported on earlier this year. how does this fit into the bigger intel story? ian: there is less risk for apple. if you are saying we don't need intel anymore, you are saying we trust samsung to make these chips. we trust them to catch up to intel. in the past, bets have been made and have not panned out. we will see. traditionally, intel said we are 18 months ahead of everybody else. now, we are not so sure about that gap. this could be a major test. emily: what about the risk that apple is taking here? a company that certainly does

not want to make any mistakes. mark: this decision is 10 years in the making. in 2008, apple bought a company called pa semi, a u.k.-based manufacturer and developer of very low powered chipsets. apple turned that into the main processor called the a-4 which was the chip behind the first ipad and iphone 4. now we have chips for everything. chips for wireless networking, managing the security. some features on mac computers, they have chips for basically everything in an iphone. they have been working on this for a while. they have a gigantic chip team, of hundreds of people stationed in israel, and california near their apple park campus. they have been working towards this for a while. now you can read the tea leaves and see everything come together. we have the hardware portion, what we reported on today. we have the software portion i reported on in december, merging

the ios and mac stores. all we are waiting for is to get to that final point where we bring everything together and do a complete merger of the hardware and software, while still maintaining what is good about that mac versus what is good about the iphone. i don't think they will do touchscreen macs. those will still be separate. in terms of the risk, i don't think it is very risky because they have to walk a fine line which they have always done. there is no chance that apple messes this up. they will not do something that will alienate their customer base. emily: ian, you have 15 seconds. ian: there is a little bit of a risk because if you get it wrong and out there on their own which they were before 2005 when they had to come to intel, you are struggling with the competition. emily: i know you will both keep reporting and keep us posted. thank you both. that does it for this edition of "bloomberg technology." we are live streaming on twitter.

check us out weekdays 5:00 p.m. in new york and 2:00 p.m. in san francisco. that is it for now. this is bloomberg. ♪ retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

yousef: wall street tech selloff spreads to asia. tariffs continue to weigh on equity. losses of oil at $64 a barrel. the risk of a trade war between china and the u.s. rattles the market. tesla is among the losers as model three production still fails to hit targets. analysts say the company may