♪ taylor: i am taylor riggs in san francisco, denver emily chang, and this is "bloomberg technology." the senate is getting set on whether or not to allow new witnesses in the impeachment trial of president trump, but it looks like mcconnell and the gop have the votes they need. plus, frexit is here. supporters are ready to celebrate after years of gridlock.

we will hear from british leader boris johnson. amazon shares posting their best one-day gain in more than a year after reporting of a blowout quarter. one-day shipping and gains in the cloud have investors pushing the stock up to a 990 $9 billion valuation. first, after more than three years, brexit has finally arrived. johnsonsten into boris 's comments. in the meantime, i want to bring it sebastian, who has been there all day covering the news for us. what are we expecting to hear from the prime minister, boris johnson? >> i think rather a conciliatory tone. this is a company -- this is a country in healing. there are people who have no cause for celebration. in fact, it will be quite an upsetting moment. if he wants to bring the country together, he is going to have to

acknowledge that. downing street or nearby at least he will host a quiet affair tonight. i would expect some statement toward healing. the next phase of his premiership is what he calls leveling of the country, back into education, into health, in order to really give people something they have been lacking. that is his -- that was his pitch, that won him a majority, and that is what he now needs to deliver. >> started to worry that the whole political wrangle would never come to an end. i understand all of those feelings. our job as a government, my job, is to bring this country together now and take us forward. the most important thing to say tonight is that this is not an

end, but a beginning. this is the moment when the curtain goes up on a new act in our new national drama. using these new powers marie -- toed sovereignty, but deliver the changes people asked for. whether doing free trade deals are simply making our laws and rules for the benefit of the people of this country. of course, i think that is the right and healthy and democratic thing to do. for all its strengths and all its admirable qualities, the eu has evolved over 50 years in a direction that no longer suits this country. that is a judgment that you, the people, have now confirmed at the polls not once but twice. and yet, this moment is far bigger than that. moment ofntially a real national renewal and change.

this is the dawn of a new era in which we no longer accept that your life chances, your family's life chances, should depend on what part of the country you grow up in. and withing our nhs better innovation and technology, the biggest revival of our infrastructure with -- infrastructure since the victorians. we will spread hope and opportunity to every part of the u.k.. if we can get this right, i believe that with every month that goes by, we will grow in confidence not only at home but abroad. our fight against climate change, our campaigns for human rights, we will rediscover muscles we have not used for decades, the power of independent thought and action. not because we want to detract from anything done by her eu friends. we want this to be a new era of

friendly cooperation between the eu and an energetic britain, april that is simultaneously a great european power and truly global in our range and ambitions. when i look at this country's incredible assets. our scientists, engineers. i look at the potential of this country waiting to be unleashed, i know that we can turn this opportunity into a stunning success. scarlet: i want to bring back in -- taylor: i want to bring back in sebastian. he has been on downing street all day. i want to take that and piecemeal it piece by piece. he said he really wanted to do his job to take this country forward. where did they go forward from here? >> there are several projects that have been on the back boiler. one of them is the high-speed

rail network that connects london with the north of england. i think the idea now really is to focus on those people. what is really relevant about what he was saying is the stuff that did not get mentioned, the next round of brexit talks. if you think about all the wrangling over the past three and a half years, that was the easy bit. now we come onto the talks where the eu really defines itself. we have heard from the eu president. she said no tariffs, no quotas, you have to sign up for the level playing field. that means close alignment with the eu. we are already setting ourselves up for a clash with those talks get underway. they're going to start in march and they have to be wrapped up by the end of the year. otherwise, we end up crashing out. there is not a lot of time to sort out what is a very

complicated issue. odds of not are the only stricking a trade deal with the eu but also now looking at the u.s. as well? >> the feeling is that they will happen in parallel. however, it has been said that the eu does come first. that is really it. it is about looking at the u.s. and other countries, and trying to find other partners. when you say go whistle essentially to the biggest trading bloc in the world right on your doorstep, you have to find a way to replace it from elsewhere. britain, they are not very strong in terms of negotiating position. they do not have too much really to from the table. they're going to have to be very shrewd about what they get out of the u.s. and the eu. somebody is going to get upset about this. not everyone can be pleased. it is really a case of cracking

on and striking these deals so we can see what britain's place in the world will be and how that can be sustainable. taylor: what are british businesses saying? >> i spoke to the head of the british ports authority and the national haulage association. they really want some sort of a deal, of course. they are talking about all the friction coming about. the government has been quite clear that we are going to get more friction. if you move away from alignment with the eu, things will get more difficult. the political rally is -- the political reality is a different thing. i imagine there would be quite a lot of pressure on their government to get it right. some johnson has used incendiary terms in the past. they will be hoping that is not the kind of attitude that is shown as we go into those talks.

taylor: joining us on the ground, bloomberg's sebastian sa lek. the world's richest person just got a lot richer. billion toadded $8 his fortune after shares of amazon posted the best one-day gain since 2018. fourth-quarter results thanks to one-day shipping, prime membership, and growth in the clouds. amazon closed with a 999.9 plan logan dollars.9 market cap. coming up, social media market -- social media companies are trying to stop. raise from spreading. false storiestop from trending. if you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg.com, and in the u.s., on sirius xm. this is bloomberg.

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the u.s. declared a public health emergency in response to the coronavirus outbreak in china, ordering a fort teen day quarantine for citizens returning from the province. then addition, flights from the u.s. to china will be restricted to seven airports. they have cut travel to and from the country. the actions announced friday by president trump's newly formed virus task force will begin february 2. the battle against the coronavirus is also an online

effort. social media companies are laying out how they are trying to keep misinformation regarding the virus from spreading. here to tell us more about what social net -- social networks like facebook and twitter are doing. start with facebook. what do we know about the efforts they are taking? >> one big move is actually removing misinformation. some people have been saying that you can drink bleach to keep yourself from being infected. that is an obvious one that is not true. mightok, normally they tag things as misleading but keep them on the social network. this time, the company is actively removing information. taylor: how do these plans at facebook differ from some other

social media companies like federer alphabet? alphabet?itter or doing,ter, what they are and similarly google, if it is fines people are searching -- if it is finding people searching for information about the virus, it will start pointing people toward the world health organization and some of that information that organization is being put online. for a lot of these companies, this is a manual thing they are doing here. normally, they allow their software and algorithms to decide what to do. un-techye, it is a very solution. they have to respond very, very quickly. the manual approach, at least for now, is one of the only

things they can do. taylor: the manual approach is interesting. given how quickly we know this stuff can spread, why go manual stopot have an algorithm this? >> when you look at facebook's traditional approach, what it normally does, if someone makes a claim online, they will send that information to one of the third party fact checking companies they work with. they have people who check whether the information is true and report back. when it is something that is borderline or complicated, that process can take well over a day. at that point, facebook has billions of users, so that would spread and people would be misinformed.

taylor: i want to focus in on facebook and. this seems to be a divergence from some of their other policies, namely political ads. they will not remove political ads that have misleading information in them. why the departure? a paid adthat it is whereas the misinformation to do with the virus is sort of organic postings. that is one. i think another difference is that facebook argues at least , if in the political realm a political ad is making a claim that can be debated, and a lot of political claims can be debated, then facebook does not want to get in the middle of that and say, no, this thing this politician said about medicare is not true. i think it is more clear-cut in

this case where facebook has another very smart policy which is that if someone is saying something on the social network that could cause people harm, then they will take drastic action. that could fall under this policy where basically someone is saying, drink bleach and you will not get the virus, that could cause people harm. taylor: more broadly, taking a step away from the virus and looking at facebook more generally, they hired a director this week as part of their supreme court, to oversee content that sugar should not get taken down. how is that going given that there is such an ion facebook, to determine which information can and cannot stay on the site? >> they are doing the best they can i think with a very tough situation. world, new online

somebody can say something on social media, they may be an individual person, they may not have checked that information when they say it. in theory, a social network treats that piece of speech exactly the same as a heavily reported story that has been very thoroughly checked. those things kind of stand equally in theory. so that is a very hard problem to tackle and if it is something someone says turns out to be not true, it is very difficult to just arbitrarily decide to take that down. if that person then complains and says, you are limiting my free speech, that is the kind of thing where this new panel will come in. that really shows what a challenge these social media companies have in this realm. bloomberg's alistair

barr, thank you for joining us. i want to bring in the ceo of one biotech company. great to have you. we have been talking with a lot of companies this week that have been working on vaccines or antidotes. what role are you playing in trying to find a vaccine against the coronavirus? >> our company is looking to produce it at much larger volumes at lower cost. you need to find a cure and a treatment. if we can make it in large volumes so that more people can less can get it. taylor: as you are talking about more people might have the potential, some breaking news here. china is saying that the coronavirus death toll has now risen to at least 257 people. the province where the breakout was first reported is now saying

35 deaths. what is important about this disease after you have studied other diseases? is it the rate at which it is spreading, is it the death rate? >> we have been involved in a four-year plus program in europe. institutions within that group have been studying coronavirus, sars, etc.. these things mutate. in this particular case, they are trying to identify what the gene is, something we can mass-produce the product from. a vaccine and ultimately a treatment. our role in that group is to be able to make it quicker, faster, and cheaper. but ultimately, so you make enough that you can treat people. if it spreads, there can be millions of dosages you need or

hundreds of millions. if you do vaccinate all those people, you had better be able to make a lot of this at very affordable levels. taylor: when you take a look at antidote versus vaccine, what is a more effective treatment? obviously, if you can prevent it in the first place, that is better, but these things mutate and there is a whole different disease. so you have to be able to treat it. health care workers will get infected by being there. you have to have both a way to prevent and treat. we have been working on a faster, quicker way to address the problem. this group, there are 20 people involved including major pharma companies, academic institutes. our role is just to produce, whether it is a vaccine or

antigen. we produced at 85 times greater levels than the second-place cell line. we are pumping out a lot of this stuff. the goal is to get partners. we are willing to work with anybody on the planet. so that we can actually have products available so that when people need it, it is there. taylor: another headline. another coronavirus case confirmed in spain. china confirmed, death toll rising. spain confirming a coronavirus case as well. if you take a look at all of this, what partners are you thinking of working with in the u.s. or europe to make sure you are able to get it to the most people as fast as possible? the last four years, working in europe. for the last two years, the israeli government on emerging

diseases and threats, whether that is pandemics, epidemics, or bio threats. we have to be proactive, not react. our company along with commercial companies, we are trying to get ahead of the curve so we are there when you need it. it is nice to make things in a test tube and get the cure out, but if it treats 100,000 people, that is a problem. to be honest, the status quo is not good enough and we need to change that. dylor: thank you to mark of yadic international. coming up, love for the food delivery space. why analysts are showing an appetite for both uber and grubhub. this is bloomberg. ♪

taylor: let's take a look at today's top tech calls.

paypal raised to a by by guggenheim. the purchase was seen as a significant positive for the stock. and they see a long-term tailwind has the company expands into china. huber upgraded at j.p. morgan. $51 price target. he expects upside in shares to be driven by continued u.s. rideshare and stability in international rideshare markets. credit suisse raised their price target for grubhub ahead of the company's fourth-quarter results next week. he highlighted a blue sky scenario where the u.s. food delivery market begins to rationalize in 2020 as market participants will back off promotional activity and instead optimize profitability. up, amazon almost over the $1 trillion mark.

its most recent earnings crushed expectations. that and more at our look in the week in review next. this is bloomberg. ♪

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taylor: this is bloomberg technology. i'm taylor riggs. we continue to await on the vote. the senate is getting set on whether or not to allow new witnesses and the impeachment trial of president trump. it looks like mcconnell and the gop have the votes they need. we will bring you the latest as it happens. now a big day for amazon. the e-commerce giant's shares surging nearly 10% in the biggest one-day percent gain since october of 2017. this is after the fourth quarter earnings the five expectations thanks to one-day shipping delivering and it's a giant cloud business' robust performance.

here to talk about all of this and more is michael. wedbush is a market maker for amazon. and also with us is david kirkpatrick. michael, i want to start with you. the amazon web services cloud growth. growth slowed to about 34% year-over-year. one of the lowest rates ever but is 34% enough still to get you excited? michael: i think percentage is pretty irrelevant when we are talking about large numbers. growing by a couple billion dollars year-over-year every quarter is enough. and, if they grow at $6 billion or $8 billion a year for the next 10 years, who cares if it is 30%, 20%? that is what's going on in the retail business as well. they are growing overall revenue by about $50 billion. that is not changing for the

foreseeable future. i don't think people should get hung up on percentage growth. they should look at absolute dollar growth and it is humming along fine. taylor: that sets us up nicely. i want to migrate into the retail business as well. u.s. seemed ok. international coming in at par. your thoughts on the retail business, both retail and international, for amazon? david: i think this company is executing extra ordinarily both internationally and domestically. look at the number of prime subscribers. 150 million worldwide, up 50 million from about a year ago. i think of amazon as kind of setting a new standard for business generally on execution and logistics. these people are stanching. -- are astonishing. taylor: michael, i want to talk about the ad business. it is kind of a surprise

tool that might be a dim for amazon. what is your take? michael: it really all comes back to fulfillment by amazon. they have a line in their earnings supplement called third-party seller services. that stuff that they sell that they don't own. it is third-party inventory. that is primarily coming from the vendors. if you a buy a coffee maker, the seller is cross. when they can sell directly to amazon, then amazon has the ability to charge them 30% of the retail price and they are still selling at higher than they would otherwise for wholesale. that gives them the flex ability to promote the product on the website and that is where the advertising dollars come from. i encourage you, go look at the last five things you buy on amazon. search that topic, crockpot, toilet paper. the first thing you will see is promoted, that is sold by a

vendor. that is where the advertising dollars will keep growing forever. amazon is killing it. i think david, you used every superlative i could come up with. yes, astonishing, incredible, next ordinary. they are best in class by a lot. taylor: lesko straight back to the -- let's go straight back to the source. david, i to get your thoughts on the ad business. any potential that amazon can use ads for future growth? david: michael described what's happening quite clearly. i learned something from what he said. i think facebook and google are starting to feel pressure from amazon, particularly google. amazon's ad business really is probably one of the many reasons why this company's results are going to keep better. valuation is another matter. i would say there is a flipside to the ad problem, which is a problem. in the regulatory round, there is some concern about this one

to punch that amazon can wield over the partners, because they can kind of strong-arm them. some regulators and various geographies have expressed serious concerns and by not be that level of a playing field, especially for the smaller retailers who are selling on there who kind of have to advertise in order to keep the pump primed. taylor: i am hearing the optimism from both the you so i want to take a look at this chart which is the market cap of amazon. almost that $1 trillion. $999.6 billion. we are rounding up to $1 trillion. michael, your take. is this valuation justified? michael: i reached my target today. i've got them that 2325 next year for a one year target. that is not crazy. facebook, until today, facebook and google both traded at 13 times.

i'm seeing amazon worth the premium to those guys because those guys are not going to grow anywhere near as fast as amazon. they don't have the margin expansion opportunity. yeah, i think there is plenty of room for upside that my target takes them to $1.15 trillion. taylor: david? david: what's amazing is there is such now in amazon. for years, we took for granted these are growth oriented people. now they are figuring it out. it is one of the things they are surprising us with. i think it is a little pricey, but like i said before, this company is establishing the playing field for all business globally, they deserve a premium. i guess that's what investors have concluded, including michael. taylor: both of you mentioned facebook. i want to pivot their next as we draw parallels and take a look at what was good this week. frankly in facebook's case, being good enough frankly is not

enough these days to get it done. michael, 25% growth rate not enough for facebook? michael: i think facebook's problem is they were priced for perfection and they delivered greatness but not perfection. 3 billion$ daily users and their family. last i checked, there were only 7.5 billion people on the planet. the opportunity to grow is pretty limited. can they sell more stuff to those people? can they deliver more ads across different services? of course and they will grow for a while for the addressable market of users is topping out. as opposed to amazon who has literally about 1.5% of global retail. can they grow to 5%? of course, that is a triple. can face will grow to 9 billion users? no, not until we have 9 billion people on the internet and we are not there. that is the limiting factor for facebook and for alphabet.

it is not a factor for amazon and netflix. taylor: david, desperate to get your thoughts on facebook. if you are looking at this chart, we are looking at the t multiple compression last year. 2019 was such a heavy investment year for facebook. do you see this multiple expanding anytime soon? do you see facebook's revenue growth at 25% just not enough? up 51% thisost went year over last. that is for good reason because they still have huge problems that they have not resolved. addressingt really still sufficiently some of the problems of speech manipulation and hate speech and privacy problems. the key paying fines here, fines there. i think their costs will continue to rise because their

social footprint is so vast and the concerns they are raising in literally every country are huge. in order to satisfy the regulators and the public and the public in all of those countries, they will have to keep increasing the governance expenses. governance is something they have neglected over the last decade and have been frantically catching up since the election of donald trump. they made a lot of very positive improvements, but it is super costly. are we any david, closer to being ready for 2020 when it comes to facebook preparing spending enough to protect the election? david: well, that is something i wish i could answer. they say they are going to do a much better job. they have some very cheerleader statements they make about that, but i don't think in general the experts are sanguine at all. i think this is still a highly manipulable ecosystem. i worry about it myself.

when you say this year, it is not just the u.s. there are elections happening all over the world in every country and facebook is a huge primary media presence in literally every one of those countries except for north korea and maybe a couple of others. i worry about it a lot. i worry about facebook as a manipulable medium by dishonest logicians and political forces. that is there single biggest problem in my opinion. taylor: michael, i want to preview alphabet which is quickly approaching next week. are there any concerns you can glean from facebook you could push forward to alphabet, but will have a bit be a different story than facebook? michael: i think if you look at facebook,aang stocks, alphabet and netflix all rallied a lot into their print. two of the three have reported and they have pulled back because they were less-than-perfect. amazon did not rally into the print and had a great number and

ripped back up to where the other guys were. it comes down to alphabet. i think it has. i'm not a fan of their management. they are not transparent at all. they seem to spend money like drunken sailors on whatever they help the flavor of the month is. a.i., i get. self-driving car's, i don't. i guess that uses maps or something. when i say they lack transparency, we don't even know what youtube revenues are. what is it with this company that they can't even tell us how they make money? i think investors give them way too much faith. i think management will never run out of, you know, windmills that tell that. i expect they will print a fine number and the stock will go down. taylor: thank you for that wonderful analysis, michael pachter and david kirkpatrick. i appreciate your time. coming up, inspiring small businesses and creators and making their ideas come true.

that is what squarespace wants to do with its online platform. that's next. this is bloomberg. ♪

taylor: i want to bring you some breaking news we are getting. senate republicans have blocked the vote calling for new witnesses in the trump trial. favor.sed, 49 in only collins ann romney where the only republicans to join. senate republicans blocked the vote for calling in new witnesses in the trump trial, something we have been expecting. we will keep you updated as we get it. now, serving small businesses and entrepreneurs is what squarespace aims to do with this all-in-one online platform. the company wants to show that mission in its latest super bowl commercial. joining us to discuss the ad campaign and squarespace's

business strategy is its founder and ceo anthony, our latest guest as whatever retail transformed series. great to have you. tell me more about your business model. anthony: yes, squarespace exist to help people with creative ideas get online. historically, we have been a place where people have gone to get a domain, make a website then host that with us. in recent years, we have been expanding more into e-commerce and helping people transact online, in addition to being able to create a site. taylor: we did a test of this site before we came on air. my wonderful producer tried out your site. it took her only about eight minutes to build her own website. what types of customers, businesses are your core audience here? anthony: it is really brought. if you go to our template selection page, it shows everyone from people making a portfolio to people selling online, to a wedding website, to

small businesses. it's a really robust platform that all kinds of people are using. taylor: when we think about the retail space in general, a lot of these can be startups, mom and pop real tell shops. you are thinking main street who don't have the resources to go out and hire up a major company to develop their website. how are you working more with some of these small businesses, as online becomes more and more of a presence, that that they can greece -- that they can get the resources? anthony: this is one of the reasons why squarespace exists. we want to make tools that democratize access to being able to sell online. by providing something really easy-to-use and inexpensive, we hope we are enabling an entire generation of people to get online who were not able to before. taylor: new caught my eye when you said your company have been profitable for years. that is not something you see often, particularly with startups in the tech space. how are you profitable? anthony: we are going -- we are

in our 16th year now. squarespace has been operated, kaslow has broken even for years and years. we have actually been profitable. it is how we have run the business. it is always enabled us to remain independent, to invest in things like the super bowl ad which we will be talking about, and reinvest in r&d. taylor: you talk about free cash flow positive. does that mean you don't have to get more and money from investors if you are generating enough profit and free cash flow yourself? anthony: that is correct. squarespace has been able to operate off of its cash flows and now being profitable, it's even more able to remain independent. taylor: you are a unicorn company. your last valuation was about $1.7 billion. is being a unicorn in this environment right now helpful or hurtful? anthony: it is not something we tend to think about a lot. we are really just mostly focused on our product, our customers and creating a great

business. i think along the way, we have been successful at that. you see the valuation following from that success. taylor: ok. talk to me about the super bowl at. what can we expect? anthony: yes, this year was fun. we partnered with winona ryder. own she is her, the t named after, winona, minnesota. she is on a journey of self-discovery. yeah, it is a clever spot. taylor: now, this is not your first year. i believe it is your seventh or eighth year going on the super bowl? is it just an eyeballs number? anthony: this will be the sixth year running an ad. it is a special space for us because, one, there is no other event like it. over 100 million people are tuning in and most of them actually watch the ads. for a company like ours where creativity is important, it gives us a special stage to be

able to put a message out there in front of them. it lets us take liberties we wouldn't take in a traditional ad campaign. taylor: anthony casalena of squarespace, thank you for joining us. now sticking with the super bowl, ads for sunday's game are heavily underpriced even though audience consumption is extraordinary. we will have details next. this is bloomberg. ♪

taylor: let's get back to our topic on the super bowl and companies paying big money for the coveted ad space during commercial breaks. despite only debuting at the 2019 super bowl, vaynermedia has three spots in this year's game. spokemedia ceo gary earlier with bloomberg's scarlet

fu and romaine bostick about the super bowl ad evolution. >> what makes a successful super bowl spot is the business results 3, 6 month later. there have been so many different ways to go about it. ultimately, you are trying to create relevance with a consumer to actually get them inspired to go transact with your business. romaine: how do you do this on a day that is not super bowl sunday? obviously, the super bowl as a captive audience for millions of people but on any other day, most of us actually go out of our way to sort of avoid commercials. gary: i'm a full cosigner of this. i have been unpopular on madison avenue circles for a long time saying regular television commercials are grossly overpriced for the actual reach and consumption that happens. madison avenue continues to believe in grp's and potential reach of commercials. i love watching your program went activist investors come on

board and think about operating savings. when this world, wall street, realizes the egregious waste of money that fortune 500 brands spent on television commercials, it will change the landscape of marketing. scarlett: in the meantime, they are trying to make hay while the sunshine's which means taking advantage of the super bowl and the captive audience. gary: on the flipside -- sorry to interrupt -- the super bowl was grossly the most underpriced ad in the world. even at $5.2 million, when you get one third or two thirds of america actually seeing it on youtube, during the game and the following monday, the actual consumption, the actual consumption is extorted. scarlet: the consumption is extraordinary but how does it lead to an engagement between the consumer with the product or what the service? 3, 6,y you have to get it 9 months out. that is a huge investment for something that months out. gary: you are betting on the fact you will actually get it

seen which is actually double problem in the media today. you look at squarespace, they were on a decade worth of commercials. some years are great, some are terrible. one variable was the creative, the 30 or 60 seconds tremendous. romaine: we have seen some companies actually say, oh, we would rather not advertise on the super bowl. the costs are little bit high. the pressures are also high. what do you say to a company like that if they were to come to you and say we don't want any part of this? gary: i'm a huge fan of it. listen, i'm the social media digital guy. i'm pushing for the underpriced ads on tiktok, spotify and facebook. you could also stunt it. mint mobile decided to a print ad in the times to build up chatter. we will give away $5 million. there's a lot of different ways to play it. you actually have strategy on how you attack it. the problem is a lot of those

brands instead of spending $5 million on the spot and another $1 million on the creative for the spot, they are going to spent $6 million on regular tv, on digital products like banners that are also overpriced. $6atch brands waste 6 million when the super bowl was sitting there underpriced. scarlet: hard rock international is paying for super bowl ad, but it is also going to get a lot of recognition because the venue the super bowl is playing in is the hard rock stadium in miami. what is the strategy for a company like hard rock which is being featured in a television commercial and as a site for the game? gary: hard rock, full disclosure, we are the agency behind the j. lo spot. the new guitar hotel is a big deal. we want to bring awareness towards that. naming rights, when you have the fortune of having the super bowl, it will be mentioned.

we will have a 32nd story that will showcase the actual hotel. the top of the awareness of this incredible guitar hotel and then lead to business opportunities. we target the people that are now aware of it because of that mass reach in our digital execution to close rooms and get people to go there. romaine: is mr. peanut going to live or not? gary: i can't tell you. sunday you will find out. taylor: that was vaynermedia ceo. we are based in san francisco, so i wanted to wish our own 49ers a very good luck on sunday. that does it for this edition of bloomberg technology. bloomberg technology is livestreaming on twitter. check us out. be sure to follow our global breaking news network, @quicktake, on twitter. this is bloomberg. ♪

david: the first fed decision of the new year and the world and markets grapple with the coronavirus. welcome to bloomberg wall street week. i'm david westin. >> i think it was a last hurrah for the central bankers. >> so low is inflation. inflation for a variety of reasons has been a no-show. >> we will see a much bigger variation between companies within the same sector. >> what we are really looking for is the way that affects the customer today because this is a customer driven revolution. >> possibly china is a form of diversification. there is very likely a decoupling between the united states and china. >> the