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tv   Whatd You Miss  Bloomberg  October 16, 2018 4:00pm-5:00pm EDT

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the 200 day, as oversold as we are, we actually came out and said as a tactical positioning matter, we could cover shorts and get along for the trade year. that said, we are much more conservative about our s&p 500 target which we have to view as a 2805 for the year. we did not raise our target when others were because we thought rates would be so important going into the end of the year. caroline: spot 80 is where we close today. ofrlet: and near the highs the session. the s&p, nasdaq, all gaining at least a percent. nasdaq is the best gainer at 2.9%. across the board, we have gains across every industry sector. caroline: similar in europe. technology leading this charge. scarlet: even the brexit talks
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seem to be not worsening. caroline: how much do you think saudi arabia is playing into this? that was one of the issues taken off of the table. joe: saudi was down 4% on the it wouldt looked like be completely awful and that is until risk hanging out there. then, i stepped away and it was flat on the day. i do think that reversal to some extent helped things. tracks: and the etf that saudi arabia and is up by better than 5%. let's take a deeper dive into all of today's action. abigail: what a rally for stocks today. the s&p 500 health care index up 2.9%. its best day since november 2016. health care stocks really rallied on the idea that donald trump might not raise price on idea hillary was
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expected to. j and j also being boosted up nearly 2%. their farm unit is doing well. and amgen is up 3%. biotech has been under pressure. the health care trade overall has been a hot trade everyone is talking about. let's talk about it in the bloomberg. i moderated a panel last night and the one concern was biotech. taking a look at health care over the last three months, health care is outperforming. up six and have percent. -- half percent. biotech is down 3%. that is in white. some of the panels were saying
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they like to see biotech continue to bounce back. they got it today. scarlet: abigail, we will jump in here with breaking news. netflix reporting its earnings. revenue was billion dollars matching the estimate. the big number is fourth-quarter total streaming net change. an additional 9.4 million. that is the outlook for this quarter. for the third quarter that just ended, 6.9 6 million was the third-quarter total net change and analysts were looking for 5.09. a big beat. caroline: the after-hours share prices are up almost 12 percentage points. paul, what do you think about these earnings? >> we've talked about every quarter that the stock is very much driven by the subscriber numbers. this quarter, we have a good beat on the subscriber and fourth-quarter outlook is better than the street is expecting. that is the primary driver.
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in contrast to last quarter, where they missed, they were down 14%. it is crazy. that people don't that people don't focus on the revenue or eps. there are still focusing on the growth dynamics of the company. joe: last quarter, everyone knows we had the bomb and the stock tanked. , they have quarters like this from time to time and get reversed the next quarter. paul: this is a cycle. every four five quarters, a miss on their growth forecast. the bigger they get, and the more international they get, it would surprise me to see their forecast become more difficult to forecast some of these international markets they go into. that is what they were talking about last quarter. it is also driven by new programming. the more new programming they announce where great show comes
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back for another season, that drives subscriber gains. this is a good quarter for programming. scarlet: i spent a lot of time watching money heist from spain. when i look at netflix's stock , since the terrible mess, do we go back to saying netflix's beat once again so forget last quarter? or, did the second quarter miss add something for investors that t now they don't know whether netflix can giving going. paul: company said last quarter that we missed our forecast and we did a bad job. i think some of the international exposure may make forecasting more difficult. they came back with a great number in third quarter validated by fourth-quarter guidance. bullsk the stock, the will have their way with the stock in the near term.
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joe: what does this mean for tech in general right now? the fact that one of the poster child's of the second quarter -- whatever quarter that was selloff is now out of the gate so strong. paul: this is not unusual when investors look at subscriber growth. when we are in a bull market, investors care less about cash flow and revenue, and metrics that normal mature companies tended to live and die by. this is not at all surprising to me. to me, as a market observer in the bigger picture guy, looking at whether or not netflix has a beat or not is meaningless unless it tells me about sentiment for the fangs -- faangs. they were one of the first groups to rollover. all havexy groups started to roll over this year.
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this signals investors are paying attention to things other than subscriber growth and other metrics. they're not based on the cash flow generation potential of a company. caroline: it sounds like you are more worried than anything by people living and dying by netflix. paul: i am because if you live through it, like i have, this is what you see. this is not uncommon. when people care about metrics that are very high level and not about revenue or cash flow or earnings, it typically indicates -- caroline: ibm coming out with third-quarter operating. they are just in line with the estimate of three dollars 41 -- $3.41. they call this a revenue failed. forms are coming in at 8.2 9 billion seeming to be
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down from here in year comparison -- a year in year comparison. overall, talking about third-quarter growth margin, it is below estimates. reactions an opposite to netflix. not as -- knocking to be the significant market bellwether that it would have been years ago. scarlet: netflix is becoming the tech stock to watch, and perhaps after this latest earnings release. i'm going through our top live blog indicating netflix also says it's negative cash flow for next year will be roughly flat with this year. company that a really benefited from low interest rates and money being supercheap.
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fund able to borrow and programming. is this a company that can do well in a higher interest rate environment? paul: i think it will be a small issue for the company, but they growing issue has they are free cash flow negative. they arenews is that free cash flow loss this year will be on the low end of the guidance. next year will be higher than expected. their debt markets have been receptive to this credit has it is $175 billion of equity supporting the debt. in a rising interest rate environment, it will become more expensive and push up the free cash flow for this company. joe: is competition ever going to come? i know there is supposedly a disney thing coming, but they add millions of subscribers. are they running away with the game as other people are coding? paul: absolutely. you could argue it is game over. they have 137 million
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subscribers globally and that is not stopping disney. spent $80ed up and billion to buy 20% three fox to go head-to-head -- 21st century fox to go head-to-head. they have some of the best programming on the planet and disney is a wonder in terms of marketing their content to consumers. they will give netflix a run for their money, but netflix is years ahead and they have the brand name in the streaming business. it is questionable whether disney can replicate to any degree the size, global scale netflix has amassed. oft with their acquisition time warner, they just announced their streaming service so they will be in the game as well. scarlet: let's not forget cost go as well. i want to mention -- costco as well. more earningsion
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coming out. first quarter revenue of $2.3 billion. higher than the estimate. is 2.5s quarter, it billion plus or -150 million. the stocks are up by almost 5% for this chip company. caroline: if your beach, you're rewarded, if you lose, they come off of their lows. let's take it back to peter. let's get your view on all of this. when you are looking at bellwether, it is more like a company that helps build the machines that makes the chips. chips are really an area of concern ahead of the selloff. are they going to be at bellwether -- bellwether for the entirety of the market? hard-core technology rather than communication services. peter: these companies are mature industries as well. they are valued more like cyclicals. even though they are tech companies, this is a group we
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look at closely as an early cycle indicator. in june, late may early june, we got the bearish semi conductors because we felt we relate cycle. they were facing overcapacity issues and other things in a rising rate environment. i look at semis and their different subsectors of the semi's you have to look at differently. but, i look at them as a mature industry rather than a tech company like netflix for example. joe: we have netflix soaring, a really nice day from adobe on these red-hot enterprise software things and a lot of hedge funds, and now chip. slammed.rch has gotten it looks pretty good. areas of all different the tech complex in one way or another that seem to provide.
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peter: when you have markets as oversold as they were, this is the first correlation event we have in a long time. when the markets on this oversold, we have a correlation rally. as human beings, we tend to paint the fundamentals with the way stock performance -- performs. when markets are rallying, and there are beats, we tend to be happy with that. there is no cognitive dissonance. the opposite is true as well. i'm not making too much off of the rally off of the low. what's will change my view, going back to the idea some of these companies are burning cash, the credit markets and equity markets have been very dislocated from a volatility standpoint. the fault rates in the credit market are low. this could change into 2019 when the maturity wall against to grow for high-yield issuers and in europe, if you sovereign also have debt maturity walls. scarlet: this credit still lead? in the latest umbel and equity
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markets, we did not see it lead. peter: and it has not. you would've thought interest rates and credit would be more responsive as a first-order effect to moving credit and rates, parking -- in moving rates, pardon me. and ems affected currencies were affected. the credit conundrum, as i call it, is interesting in this cycle. because so many companies were 22, to extend into 1920 and -- 19, 20, 22, that is what investors are afraid of. caroline: it is great to have your perspective. peter cecchini, and paul, thank you. for the that does it closing bell and for me. romaine bostick is stepping in for "what'd you miss?" we will be looking upon stocks one day before canada legalizes marijuana for recreational use. this is bloomberg. ♪
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caroline: live from the bloomberg world headquarters in new york. the u.s. stock market closed, up today in the green. tech leads the charge. joe: a massive day. "what'd you miss?" caroline: the first of the faang stocks taking center stage. netflix shares surge after the estimates top -- earnings top estimates. goldman sachs is pitching to underwrite uber's ipo. the wait is over for legal pot.
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canada begins selling recreational pot tomorrow. let's bring you breaking news on united continental. they stick out fast in the earnings season. they are upgrading their forecast for their future earnings while new want to come slightly. they say for your adjusted earnings will be eight dollars -- $8.75.r $.75 meanwhile, third-quarter adjusted earnings per share come below60, slightly the estimate. overall revenue, 11 billion on the nose, slightly ahead of estimates. the margins are under pressure. the shares after hours. romaine: other news moving on a private company, uber, a big one. it is increasing the size of its bond offering to $2 billion.
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this is according to reporting to people familiar with the situation by bloomberg reporter spoke to. uber set final terms to the sale including $1.5 billion of notes priced to yield 8%. they initially thought to sell about $1 billion of those and there will be $500 million of five-year notes giving about 7.5%. such an: this is interesting bond deal because they are syndicating at themselves. romaine: when you are that big, i guess you can. joe: a lot of demand. there are questions about interest rates and their business model, but people want to buy in. caroline: some of the banks want to be doing their ipos as well. let's go back to the public markets because we have a recap. netflix, ibm, lam research. netflix power through with some -- subscriber growth. their shares ramp-up higher. lam research makes the machines
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that make the chips -- makes the chips we are all worried about. they are up. this is the company you were looking ahead. romaine: there was a ton of activity around this. a lot of folks were looking at this company and thinking last quarter, or the previous turning season was a minor blip. apparently they better right. joe: exactly right. the stock is going nuts. romaine: back to the $400 level. caroline: we are already starting to see this winners and losers play out for the earnings season. if you're going to do well, or overexert your expectations. ibm is down because they did not quite pull their weight. joe: exactly right. we have been seeing this trend for a while. early on, we had the warnings a couple of weeks ago. investors are in the punishing because they are getting squeezed on transportation
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materials, what for the fast-growing companies bareback for rewarding. growth, let's get back to uber. it is one of the most talked about companies. that was largely because of a report by bloomberg earlier today that bankers have been trying to tantalize bloomberg with the idea it could be worth $120 billion if it were to sell shares to the public. it would only have to sell a fraction of those shares to make it the largest ipo in history. eric was one of the writers on that story and he joins us now by phone. sort of throw these numbers out there to try to get these companies on board to get their business. s $125alistic i billion? eric: there is a huge increase from the uber rate at 54. toyota invested 500 million at 76.
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120 as possible, but the bankers are trying to convince uber they really see how big the opportunity is. there is a level of baked in optimism to the number. it did in the range of possibility if the market is perfect and the sale goes well? yes. joe: we know uber is gigantic and it is a global phenomenon, but then, sometimes there are stories that they need to get into scooters to find growth or delivery, so the basic question of whether this is a really strong cash generating business is still up for grabs, right? eric: right. been proved that the ridesharing business to grow off of caps. that story has made complicated
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-- been they complicated because they are laying on scooters, autonomous vehicles, uber eats. when we get to see the overall financials, they are losing a lot of money. they lost more than 11 billion. this is this question where we can show that it is established in ridesharing because it is a good one. the losses they are sustaining instead of muddying up the picture and making it hard. this is a business that does not throw off much cash. caroline: and autonomous driving and flying cars. we have been talking about the equity side of the equation. what about the debt size? this was a seismic move in the debt market deciding they did not need to have banks helping them with syndication. the junk bonds seems to be doing well. eric: uber has these global
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investor relationships existing. expertisesgreatest has been raising money. the way they think they can go it alone is not surprising knowing the company. they need cash to get to the ipo to make sure when they go public, a are in a comfortable place and not running low on money. it is a smart way to position themselves ahead of this. caroline: eric newcomer, thank you for covering every thing in san francisco for us. from new york, this is bloomberg. ♪ bloomberg. ♪
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caroline: let's check on the
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latest business flash headlines. shares of dollar tree rose the most in eight months according to the new york post. the billionaire is accumulating a significant stake in the company. dollar general also surged after the report. lyft has selected j.p. morgan chase to be the lead underwriter for an ipo expected in the first half of next year. the wall street journal says credit suisse will take part also. by uh and is expected to top $15 billion. the ceo of walgreens boots alliance says his company will survive a threat from amazon. they say it will be easier to move online than amazon to copy their massive store network. coming up, the countdown in canada. we take a look at the pot industry one day before they legalize marijuana. this is bloomberg. ♪
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comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.
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mark: i am mark crumpton with bloomberg's first word news. president trump says he will stop aid to honduras if a migrant caravan headed toward the u.s. takes a turn back. as many as 2000 on door and's are fleeing their home country and entered guatemala hoping to reach the u.s. southern border. american officials have are purely warned honduras against making the long and oftentimes dangerous trip. 120 $7ovided more than million in aid to honduras in fiscal year 2016. donald tusk is demanding the british prime minister come up with what he calls a new method
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of thinking on the irish border shoot that is stumped brexit negotiators for over a year. he made his comments as the leaders of the eu countries met in luxembourg today on the eve of their brexit summit. -- the foreign minister belgian foreign minister summed up the frustration by saying we sometimes feel the british are negotiating with the british. we have had the feeling before the weekend that it was possible. when we come to you, we are united. now it is time to conclude. having discussions in london and here, and i'm hoping in the next weeks it will be possible to find a final agreement together. mark: the eu chief brexit negotiator says negotiators are
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working toward coming to an toeement in the coming weeks ensure british leaves the eu as scheduled on march 29, and in an orderly fashion. the russian prime minister met with egyptian president -- the egyptian president today. the two men discussed economical operation and trade. a foreign policy and for the government said president putin was expected to discuss the .our's life to egypt the archdiocese of washington has released the names of more than two dozen clergy members it incredibly accused of sexually abusing minors. this is days after the pope accepted the resignation of a
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cardinal. global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. joe: the wait is over. tomorrow, legal marijuana is set to go live in canada becoming the second country in the world to recreational eyes -- recreational eyes -- marijuanaalize nationwide. our people lining up? how will this go tomorrow -- are people lining up? how will this go tomorrow? >> it depends on what parts of the country canadians live in. every telll not stores so people might be at home on their cell phone or computer.
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we are expecting to see long lines elsewhere in the country where there can be initial retail stores opening and possibly initial site shortages as well. romaine: what is the general sentiment on most people out there? is this being heralded as a big day or is this going to be another day in canada? >> it is a substantial day for the nation in general. just being the second country to formally legalize marijuana has given companies here -- it has spurred a lot of investment in the new sector and giving companies a potential for a mover advantage globally. it will be interesting to watch how it plays out in canada for the first little bit and what that means going forward. other nations might be looking to see how the plan goes. caroline: and indeed how much money the tax makers can reagan. in.rate in -- rake
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how much is this supposed to boost this in general? >> provinces have said initially this will cost them a lot. when you look at the regulations and getting everything in place, that they can make sure you have a formal handle on legal sales so they are not ending up in the hands of people who were not supposed to have them, and that they are really stamping out you listed sales. over the long-term -- illicit sales. over the long-term, there are sales estimates that put it at four to $5 billion in the first year alone. we've also seen small towns where pot has become all of a sudden the biggest industry there so it is creating jobs in part of the country. it is employing thousands of new people and will be a bit of a boost. joe: we will see how it goes. thank you, jen in winnipeg. it is a different story here in the u.s..
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it is still illegal under federal law. theicans are warming up to idea of legalization with more than 60% of adults favoring it according to research centers way to study. the issue remains sharply divided among certain demographics. joining us now is the director of political research at pew research center. thank your for joining us. we see the trend. up and to the right and more legalizing it. it is not homogenous, so could we see per your research on the most in favor of legalizing pot? >> young people have led the charge on this. millennials, nearly three quarters of them support legalization at the highest of any generation. all generations have ticked up. three at the four generations, only the oldest americans are
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opposed. joe: it's hard to tell from this snapshot, that will this current cohort of millennials, will they still retain these views or do you find in your pulling over time that on issues like drug use, people get more conservative as they have kids and what they may have thought when they were in their young 20's to become a little more skittish getting older? >> it depends on the issue. marijuana is unique, especially when you look at the baby boomers who are the most supportive of marijuana legalization when they were young. their support plummeted and they soe come back to 54% support they have done a u-shaped pattern. caroline: carol, what about the carroll what about the breakdown of supporters? than oppose.rt
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the large majority of democrats supported as well as independents. romaine: we know about some of the states that have pushed legalizing recreationally or medically. what states are the holdout? when are we not seeing movement toward some decriminalization or legalization of marijuana? carroll: i think you will see it mostly in the conservative states reflecting the political pattern, but you will see it parts of the south. elsewhere, we have seen the biggest advance along the west coast. it is following the political pattern we see in the national data. you have looked at lots of cultural issues over time, and i'm sure you have seen the changing trends towards gay marriage and things i get. point --a tipping things like that. is there a tipping point that when things get to a certain
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threshold that the legislative change on a national level high and it inevitably happens? carroll: issue to issue, it is preaching at this point. proaching at this point. the important metric to watch is that it is closely divided among republicans. when a majority of republican support legalization, that is a tipping point. joe: is there any sense of intensity? it's one thing for people say sure, legalize it, but is this the type of thing people care about when deciding between two political candidates? carroll: probably not. it is not a high issue like health care and the economy are. it is a fairly important issue in the states. obviously, with the referenda coming in 2018.
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it is an important local and state issue. caroline: thank you for all of your research from pew research center. up, more of our exclusive interview with the senate majority leader. this is bloomberg. ♪ eader. this is bloomberg. ♪
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theine: netflix is one of least loved faang stocks rising after hours after posting third-quarter earnings and subscriber growth numbers coming in well over expectations. they have also had a pretty good forecast for the fourth quarter subscriber growth as well. let's bring in lucas shaw. biggest issue was not just subscriber numbers themselves, but the idea of rising
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competition. some of these numbers seem like they would put fears to rest. lucas: netflix as almost 7 million in the quarter and is on pace for its biggest year yet. they have now done this year after year. last year, they added between 23 and 24 million customers. this year, they are on pace to 29 million. that is pretty staggering in its 20th year of existence to be setting this much growth. they say they welcome people to come and play with us in this paid web tv where they are so far ahead of everyone else. joe: what stood out to you the most? investors are blown away. when you look at the big picture, what strikes you about this business right now? lucas: the forecast for the fourth quarter was the one that surprised me because it is the only time i've ever seen a nine in this of scrub edition -- subscriber addition for them.
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the more i dig into international numbers, even if they missed their forecast this year, a post stronger growth international quarter after quarter which suggests this idea of theirs that it will slowly build another market whether it is in asia, latin america, and other areas, continues to be true. we discussed whether they beat or missed the forecast they set for themselves which is important for investors. in terms of the long-term trajectory, it is indisputable they are growing overseas and at a rapid clip and said he -- steady clip. caroline: do we care about how much cash they splash? a little bit.e to they're free cash flow was -$800 million and they borrowed two or three times again. at a certain point, you would think it would catch up for them or their spending would level off, but for now, the strategy
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stays the same. joe: there was a great chart in the letter to shareholders saying actors who appear in , instagramws followers surged, tell us about this cultural capital netflix has right now. lucas: i was struck by that because a lot of what netflix will put in its letters or tolic statements is intended level out other statements set about them. there's a chance to get lost on netflix. thatare releasing so much you will get forgotten about quickly and nobody will watch your programming. netflix has countered this because they say their marketing is different and you cannot judge them by the same standards as other people. the one of the reasons they are
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doing that with actors and talents is to send a signal with those who are hesitant to work with them is that this is a place where stars are made. caroline: the power of netflix and social media presence. lucas shaw, great reporting as ever. saudi arabia is canceling a business deal. according to the financial times, they pulled their plans. --s is after branson -- deal bloomberg health tech executives and a former obama white house official are now in the insurance business. they will sell medicare advantage plans and they want to expand nationwide. these are a private sector alternative. a judge has approved elon musk's
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settlement over his controversial tweet. he also had to step down as chairman. exclusive,loomberg our chief washington correspondent has been speaking with mitch mcconnell to discuss the upcoming midterms and the u.s.-saudi tensions. >> i think it is good president king.talked to the we need to decide what kind of responses appropriate. >> you will think there are some type of responses if these allegations are true? >> i can't imagine there won't be, but we need to find out what happened. >> final question on this is you, some republicans in your usagehave called on the
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of the magnitsky act. is this an appropriate mechanism? >> it may well be. let's find out what happens. >> with regards to 21 days from now, we saw the justice cap nonconfirmation has completely captivated the nation for different reasons and different people, and i'm sure you have your eye on red state democrats. how do you think that has changed the contours of this race? kevin: it entered guys our voters -- >> it entered guys our voters -- energized our voters. raises weffhanger it is a shot of the general and -- shot of adrenaline to republican voters. kevin: that matters in terms of the majority, because if you look at the numbers for how the majority has impacted
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nominations, i was talking with some of your aides, and 119 culture votes that you have had to call during the first two years of the president's office. obama had 12. how has that impacted your strategy? walked, but we want all of those closure votes. lose the senate, for example, the democrats could go from slow walking, to no confirmations at all judges. a huge impacte on the last two years of the trump administration. kevin: in the lame-duck, you have judicial appointees you would like to get confirmed. what else is on the agenda for lame-duck? >> we will finish the judges out on the senate calendar and on the floor of the senate before the end of the year. we need to fund the government. 25% of the government we do not fun.
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that will be the top priority. kevin: what about the funding for the border wall? >> we will help the president get funding for the wall. the democrats are resistant. how much funding are you anticipating to get for the wall? benext year, that would what we're trying to achieve. kevin: what about the lame-duck? >> there is a possibility for legislation if we have more than 60 senators on a bipartisan basis who want to do that. there may be a few other items we need to finish -- items. we need to finish the farmville. that will have to get -- farm bill. that will have to get done before the end of the year. caroline: that is our exclusive interview with mitch mcconnell with kevin cirilli. it is even more bad news for bada as stock sales make a
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year worse. we will give you all the details in asia ahead, next. ♪
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caroline: now for asia ahead, netflix crushed estimates and is surging after hours. will asian tech shares follow suit? let's bring in shery ahn. , howhina related tensions will u.s. tech hit asia tech these think? shery: we are seeing more pressure on chinese tech. the analysts i talked to said this could be a huge pressure point coming not only from the u.s., but also from regulation inside of the chinese markets like tencent.
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earlier thisng week about regulations in online gaming and it is impacting these stocks. joe: let's disentangle further is riskuch more off sellers versus it kicking off specific regulatory action that content warned about in their last earning season when they talked about speed of approval of new gains. shery: we were talking about this this week since we get more confirmation from these companies that online gaming approvals would not come in the rest of the year. in may, --this, back back in march, they stopped approving these games and this had a huge impact on tencent seeing their market cap of operate. because of this, a lot of other companies are taking a hit. because these tech stocks are concentrated in schengen, they
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are privately funded startups, these companies are feeling more pressure because you see these forced sellings of these stocks because investors put stock in collateral in this turned out to be a $613 billion of shares out there that could be seeing more pressure according to bloomberg cap galatians. market capf china's on margins. romaine: are the chinese authorities doing to anything -- doing anything to curb this? shery: this is a whole issue because we now hear authorities have disrupted insurers -- instructed insurers to be more flexible in the market to try to do participate in the derivatives markets. day, when youthe see all of this pressure on global tech and the chinese tech, you pressure the markets and shares and trigger more margin costs which causes
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further forced selling. then there is a hitting confidence and the cycle repeats itself. caroline: the jubilation from netflix is perhaps not sparking much jubilation in asia. miss her, she is on "bloomberg daybreak: australia" and "bloomberg daybreak: and fomc minutes are released at 2 p.m. eastern tomorrow. joe: and candidus starts selling legalized recreational marijuana. romaine: and out reports their third-quarter earnings after the bell. caroline: that is all for "what'd you miss?" romaine: "bloomberg technology" is next. joe: have a great evening. this is bloomberg. ♪
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comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers.
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"activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. emily: i am emily chang in san francisco. this is bloomberg technology. surged.stared -- shares will the video streaming giant boost other lighting tech stocks? ibm's revenue missed. we survey it's moved to the cloud in a market dominated by amazon. and

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