5g is now included with all new data options. switch and save hundreds. xfinity mobile. ♪ emily: welcome to bloomberg technology. we are standing by to support spacex to launch just another rocket. they will be launching another satellite into space. if it happens it would be the fastest turnaround time ever for a rocket between two launches. this is the second -- the same one that took the astronauts into space of a few months ago.

we will be standing by for that. looking at the markets, stocks rising to the highest level since february. this as a number of stocks including amazon and zoom continuing to rise because of extended shelter-in-place and work from home orders. more earnings out this week, watching microsoft, intel, tesla as new cases are being set in states across the country including the first death of a child being reported in minnesota. this as the president, governors, teachers unions and parents battle it out across the country over whether or not schools should reopen. you have got u.s. lawmakers starting to put together another coronavirus relief package this week. that is what our next guest is here to talk to us about, the cofounder of aol and the chair of revolution, with a new op-ed

in "the washington post." he talks about what congress should be focusing on. start with your headline. you say the pre-pandemic economy is not coming back, not coming back ever. what about the new economy will be different forever going forward interview? -- in your view? steve: people talk about getting back to normal, but normal did not work for a lot of people. we were talking about having inclusive innovation economy, not just hacking into silicon valley but across the country. we need to make sure people from every walk of life has opportunity if they have an idea. 10% ofot less than venture capital last year. population -- of course we need to be focused on every and reopening, but we

need to imagine a new economy that works for more people and more places. that is what i hope congress will focus on. they did the right thing to stabilize it. start, likeportant triage in the emergency room. now we need to focus on moving forward and making sure we have an economy that we can be proud of that brings everybody along. that is why this -- that is what this legislation should focus on. emily: you travel the country looking at entrepreneurship trends. how many or how fast do you think this failure will be as we go into a second wave of the virus, and some of these businesses that have been trying to hang on say they can't hold on for another few months? steve: it will be tough. even without covid, a lot of businesses go under every year. it is important to be planting the seeds of a new company, some

of which will emerge to replace some of those jobs that will be lost. before -- either the government steps in and we provide more support money for those that are struggling and people that are struggling and it is part of the solution or there is a focus on how do you launch those companies to create the jobs, not just focus on the existing industries of the past, but new companies and startups that can help create industries in the future and do it all over the country, not just in places like silicon valley. i hope there is not just a return to normal but an opportunity to create a stronger economy that is more inclusive. emily: you are asking for congress to prioritize smaller startups. i wonder how does congress identify or how does the u.s. government identify who qualifies? there are plenty of small

startups that make it promises, and they don't deliver. even very intelligent venture capitalists working on this every day miss the big opportunities. how does the u.s. government decide who to give money to end to the leave behind? steve: i don't think the role of government is to be investing directly in companies. as much as they did with the ppp program putting capital tied banks to make lending decisions, some of those should be based on what jobs can be created in the andre and it can be tracked the lows will be tied to how many jobs are in fact created in a sustained kind of way. similarly there has been legislation for months ago by senator klobuchar and others to .rovide treasury support our existing ideas out there.

we need congress not just focus on the past but to focus on not just a business -- focus on the new businesses because they are the big jobs creators. the business, fortune 500 does not create a lot. the new companies, the startups are really where the focus needs to be. not just tech startups but all across the economy, food and agriculture, there is a lot of opportunities to put back the next generation, we just need to do it everywhere, not just a few places and need to include everybody, not just a few people. emily: where are you putting your money to work? where do you see those opportunities especially as we see this tectonic shift in how and where we work on what we essentially need to do our job? steve: revolution has three parts. a lot of time is on the revolution growth kind of later

stage investments. we are doing a lot of things in a company called tempest in chicago, using big data to provide a better way to think about oncology. we have backed a company called scopely. sector,any in the food fast casual concept, doing well. they had to shut down restaurants, accelerate efforts around delivery and pickup and expanded their menu. we have done things in e-learning, echo 360, invested in workspace. company called convene that has repositioned because the core business would have to be shut down, virtual meetings and hybrid meetings where people would be in the room, some will be virtual, some working from the office, so we are seeing enormous innovation happening from great entrepreneurs trying to imagine what the future will

look like. we are excited about the future across all of the aspects. there are some examples of groups -- growth. we have invested a number of myrts tech companies and partner and i have worked together for three decades. radar is another company in the data analytics space. amazing companies we have had a real privilege of backing. emily: curious, since you mentioned that, what is your outlook given the uncertain return of professional sports or the sports industry in general? steve: ted is the expert on that. you will see people reopening. the amazing thing to me is a company like draft kings because things were shut down, still able to do a successful offering because people did see how the future would play out and how draft king's would become more

important going forward. it will take time. we are stirring to reopen some of the museums, the first couple on friday. we will slowly open the others and we will have to keep an eye on it because as you have seen in other countries, sometimes you open and then have to close again. i think there is a risk of a serious second wave. a stronger economy from our people and more laces, this is focusing on existing businesses but not just new businesses that have these legislators -- emily: as you are advocating for the government to support smaller businesses you have got congress scrutinizing the biggest tech companies in the world, the ceo's of apple, google, scheduled to testify on capital hill.

as somebody who built an enormous technology company, what is your take on this? do these companies present a good case for being grown-up? steve: i'm not surprised there is more a scrutiny of the big tech companies and also more a backlash, wrote a book for years ago called the third wave talking about how the internet policy -- i think we are now seeing that layout, facebook is the most visible company. this asy they will use an opportunity to take a step back and rethink some of their policies sulli can build on what an extraordinary success, extraordinarily powerful platform and make sure they are doing things that are constructive, not destructive for society. i will be interested to see what happens when they come to

washington. hopefully it will not be just a one-off event but to educate policymakers on why they are doing something. we need constructive dialogue in silicon valley and washington, dc and other parts around the world. policy is going to be front and center because it is critical to critical to many opportunities to innovate so we will have to have much more dialogue between the innovators and the policymakers. emily: on that note, i know you are an investor in top space, when hewas on our show pulled out of a huge partnership with facebook for this reason, he did not support the decisions they were making about speech on the platform and decisions about president trump's speech in particular. do you think facebook is making the right call? steve: i don't. when they announced they were

pulling back, i supported their decision. it hurt their business because facebook partnerships could have been important. hopefully will be offset by others rallying around the company and supporting what they are trying to do around digital mental health. it is important in society. the fact that hundreds and hundreds of companies have joined this and pulling advertising off of facebook hopefully is a wake-up call i think the company needed and i imagine they are reassessing things and hopefully in the weeks and months ahead, there will be some announcement from congress. they will be more forward about trying to make sure they manage their platform in a responsible way. emily: do you think facebook should be flagging these posts by president trump that seem to be advocating violence on the american people? will not get into specifics because i don't have

all the facts. they took efforts and put together a group to review content. they need to continue to look at ways to innovate. i don't with this 25 years -- dealt with this 25 years ago. we dealt with a lot of these issues in terms of speech, the first litigation around this 230 rule. i understand the complexity of the subtlety. i don't think having quick answers and limited facts is the way to proceed. itre is a lot of people, and is not just a business versus government issue. there is a lot of people that think while the respect facebook and what they have done, it is time to take a step back and do things differently. other platforms like twitter have become more active in that space and they are shouldering the responsibility when your in a company that has such a profound impact on our everyday lives. little -- was always

based closer to washington. i wonder if you think the newer generation tech companies could be doing a better job managing the relationship, because the scrutiny is not going away anytime soon. amazon has been working towards a second headquarters in northern virginia close to aol's old neighborhood. who knows how quickly that will develop given the trend towards working from home. i wonder what your outlook is on the general relationship of these companies with the white house, whether it is republican or democrat in office. steve: when i wrote the book, i talked about the first wave in aol and others leaving internet, building on ramps, getting people connected. policy, it was illegal for consumers or businesses to be on the internet. it was restricted to government and institutional use.

policy was front and center. the second wave when it was about the software and apps services riding on top, policy was not that important until the companies got really large and started having to outsized. and in the third wave when the internet is -- meets everyday life, food and agriculture, smart cities and financial services and education, all kinds of different things that will be fundamental changes in our everyday life to big sectors in our economy, policy will become important again. we as people do want somebody to make sure the drugs we are taking or the medical devices we are using our safe. we want to make sure -- are safe. we want to make sure drones are helpful but don't create harmful impacts. policy is becoming more

important and it will only increase in the next 10 years. the critical challenge is to make sure the innovators and policy makers are having that dialogue for the policymakers don't overly regulate, despite what might be possible or the innovators don't overreach and create problems around big brother privacy sorts of issues. it will be tricky but we will only get to the right place if we have a constructive dialogue with both sides. hopefully the discussion is happening even though they might be focused on big companies and antitrust issues. hopefully that leads the way towards a much more engaging and consistent dialogue around how to drive innovation to make sure the united states remains the most innovative as we move into the third wave and deal with all the implications and hopefully going back to the beginning we can do it in a more inclusive way so people all over the country, we can access the

capital and start to scale those businesses, great job so people have more reason to be hopeful and optimistic about the future. there is a lot of work that can be done as we move beyond -- beyond reimagining to create a new kind of capitalism and innovation economy and leave the way in this -- lead the way in this third wave. emily: you make that point in your op-ed we should be giving special attention to women entrepreneurs, people of color. i appreciate that. the cofounder of aol, founder of revolution. i love your perspective on all of these issues. ibm, withlk about results out after the bell, second quarter earnings beating estimates on serious boost for cloud demand. we will bring you the latest. this is bloomberg. ♪ this is bloomberg. ♪

♪ emily: the stay-at-home trend roared back today, the first day of the week after a rough week last week is sending the nasdaq to the best gain in three months and pushing one measure of momentum to its highest point in decades. joining us to bring it down, abigail doolittle who has been following the market. shined.zoom, huge divergences. you have the s&p 500 closing up .8% even as eight sectors closed down. consumer discretionary, tech and one other in fact, you can see the nasdaq 100 surging up 2.9%,

a record high. this after all of the tech weakness, the faang stocks near 4%, you are mentioning amazon, losing up 7.9% after 7.4% last week. not a picture of stability. goldman sachs raising the price target to 3800. onhing fundamentally changed amazon. the fact you have analysts and investors and traders willing to evaluate so differently today is stunning. that was really the big mover of the rally. on all of this we still have volatility for the nasdaq in terms of the mega cap names higher. take a look at the nasdaq, holding the 200 day moving average. there are reasons to see, think we could see a burst of volatility to the upside but not so much today. the strength of the stay-at-home stocks. emily: we are waiting for the

spacex launch to happen, scheduled for the bottom of the hour, nine minutes from now. fingers crossed it goes through for the top of the hour, now moving to a half hour. we have been taking a look at space stocks. when i started on wall street, if you told me about space stocks i would not have been able to believe it area there is space etf. this is geared towards defense, anything related to space, siri, dish. we have boeing. bitcoin apparently realized things it could do better, satellites, we have another rocket -- aerojet rocketdyne holding. pure play, best virgin atlantic down.

as the spacex launches going to be happening, interesting for sure. emily: all right, thank you so much. your dream come true covering the space talks. thank you for taking the time. launch eight minutes from now. want to get to ibm thomas -- ibm, shares spiking after results on strong clouds. julie with now from morningstar who joins us on the phone. lock us through the numbers and what -- walk us through the numbers. >> ibm had a great quarter given the circumstances. while ibm have not given guidance for the quarter, just because the pandemic related uncertainty, they have beat market consensus with revenue and non-gas etf's. softwarek out to us is

sales were not as bad as we expected. which indicates it is customer based -- the customer base thinks of large over scales as a priority more than we thought even though these projects could be postponed post covid-19. that being said it is important to note in the second quarter acquired, ibm had not what it had yet. fromover-year, freed in that addition. emily: ibm was in a unique position and pass the baton from the old ceo to the new ceo in the middle of the pandemic, how do you believe the new ceo is performing so far? >> i think he is performing

well. given the circumstances and earnings reflect that. in the long-term, the fact that he was, i do think despite the change it is not going to have much of an effect on the strategy.cloud they have been making the proper moves and making a lot more offerings available on computing platforms. all in all he is doing a good job. ibm.: the new ceo of what will you be watching the next quarter? like this work from home sheltering in place is going to go on for longer than we had expected. what does it mean for ibm?

steve: when everyone is watching with shelter-in-place is whether, just cautionary revenues from customers will be delayed further. there are a few things i will be looking or on the earnings call. i will be looking at how the digital transformation business performs in the quarter if we see the digital transformation revenue is improved. i think that would be an indicator that ibm as a whole will be recovering from the effects of the pandemic, that companies are getting more into that discretionary spending that we thought. of course we will be looking for hat.detail on red hot -- the cross-selling opportunity is not what ibm has cut it out to be. red hat for the longest time --

no direct competitors. emily: we believe it there. julie from morningstar, on ibm. we will be watching the spacex launch happening in a minute from now. we will take you there live. this is bloomberg. ♪ ♪

emily: welcome to bloomberg technology. spacex just seconds away from launching a falcon nine rocket into space, carrying a south korean satellite. space,t goes up into launching a satellite that will work with the south korean military on secure communications. what is significant about this launch is this will be the shortest turnaround time for any rocket that has been reduced. the very same rocket is the rocket that took astronauts into space almost two months ago. spacex now breaking its own

record for the turnaround time for a rocket. so far, everything looking like it is happening as planned. we have sean casey of the silicon valley space center on the line watching this with us. talk to us about the significance of this launch in particular. >> well, yes, aside from the launch of a military satellite for the republic of korea, this has, as you mentioned, demonstrated spacex's turnaround time of under 60 days. the previous record of 54 days was held by the nasa program for their atlanta shuttle. this is five days under that. 54-day record. it is a new record. it also demonstrates the continued reuse of the falcon 9 vehicle. this is a workhorse for spacex and a cash cow for the company. emily: now we are going to be following this for the next several minutes and we will also be covering the landing of the

first stage on the spacex drone ship. that is another critical step in this particular mission. sean, it's fun to go back in time and look at the history of the space program, but as i understand it, the last time they stay shuttle launched again this close together was back to 1985, justs days in before the challenger disaster. even as you look at this over several decades, this particular launch is quite significant. emily: yes, it certainly is. sean: spacex, we had previously planned to cover the additional star link launches with black sky. spacex has done -- this is the 12th launch for 2020. many of these launches have been focused on the star link constellation and recovery is key. for one of the other launches

coming up, the fifth flight of one of the vehicles. you mentioned this is the second flight. we have just seen the separation of the booster stage from the second stage vehicle. the booster stage is going to return on the just read the instructions robotic tugboat. spacex is planning on recovering, which they have two ships at sea, mystery and mischief. it is important for cost recovery in order to keep the internal costs for launch down for spacex. emily: all right, as you mentioned, the first and second have officially separated. we will be following the landing of that first stage. we are also going to the following the recovery of the

second stage. this is all going to be happening in a matter of minutes. what exactly is this satellite going to be doing in space? we know that there is only one, i believe, south korean military satellite in space as it stands. so, this is potentially a huge new addition to their arsenal. sean: yes. a 25 yeara has history of civilian satellites. this mission, the anasis-ii, built by airbus, under contract with lockheed, is solely a military communications satellite. korea sat five was a combination of civilian and defense communications. but with this, it establishes a secure communications channel for the korean department of

defense. these thiongs typically operate at frequencies from three to 30 gigahertz. the technology is well-defined, but it is the first dedicated defense satellite for the republic of korea. emily: now, i can't help but mentioned that today is also the 51st anniversary of the moon landing of the apollo 11. here we are, making history yet again. talk to us a little bit about the technology, because elon musk's whole mission has to make space technology more affordable, more achievable, especially for the united states. musk haveand elon continued to prove now over and over again and they have had quite a few launches that they can do this successfully. what does that mean for our ability to continue to explore the final frontier? this really means bringing

down the launch costs, especially for spacex. spacex has this incredible vehicle, the falcon 9 block five. it is intended to reuse close to one dozen times before an individual vehicle is retired. mastered this landing sequence we are seeing we have titanium guide fins that have been deployed. the second stage burns to orbit. the first stage is making its way to her recovery platform in the atlantic. spacex and blue origin are under contract to return u.s. astronauts, perhaps the first female astronaut to land on the moon hopefully within the next decade. resurgence of lunar activity led by nasa with

a whole host of international participants. i think from the space sector, it is a streamlet exciting to see a resurgence in lunar activity. perhaps over the next 10 to 20 years. is in thearly, mars crosshairs for the 21st century. we've already had several robotic rovers on mars. china landed on the moon in 2013. could they do their first mars landing sometime this decade? all of his engineers at spacex are focused on building a reusable vehicle to get to mars. so, reuse is essential. reuse is part of the aviation industry. now it is going to be part of the aerospace sector. emily: now, we are standing by for that first stage two land any minute now.

typically that happens about nine minutes into launch. we are about seven minutes and 36 seconds now, according to the nasa countdown clock. that first stage will be landing on the "just read the instructions" drone platform provided by spacex. what are we looking for when it comes to a successful landing of the first stage? sean: spacex, if you go to youtube, you can see all the unsuccessful landings that they've had. clearly the first stage coming down and staying put on that platform. then ae landing, it is one day tug back support and the spacex engineers will refurbish the vehicle for its next flight. i think what we are seeing now, it is pretty much at eight and a half minutes where the first

stage comes down. it is phenomenal to see both this for the falcon 9 -- there it is, it just landed. it is even more phenomenal to see this when they launch the falcon heavy because that is effectively three stages all tied together during the launch and they all come back separately. i would say it is an engineering thing of beauty to behold. emily: there you have it. thank you for your eloquent narration of that successful landing of the first stage. the spacex just read the instructions drone ship, eight minutes and 45 seconds into the launch. the second stage continuing to hurtle into space. i want to bring in tess hatch who worked at spacex, worked at boeing and has a long history in the aeronautics industry. thank you so much for joining us. obviously, this is a big day for your former colleagues at spacex. put this into context intfor us.

i know you worked with the government during your time there for spacex to yet again have a successful launch here. what does that mean? >> extremely exciting day. another exciting day for the company. the most notable aspect of today's launch is that spacex is breaking its own record for turnaround time to reuse its first stage booster. this booster, which was first used to launch astronauts bob and doug to the space station on march 30. that launch was monumental because it was the first time we launched americans on an american-made private rocket from american soil since 2011. the launch today means a will have reduced this booster in just 51 days. another private rocket company that is working on related income of refurbishing and reusing the first stage of its rocket is rocket lab. a company that my firm has invested in and was the fourth

most frequently lodged vehicle globally in 2019 behind china, russia and spacex. in front of europe and japan. rocket lab has launched 12 times, deploying over 50 satellites in thto space. theyare asked why are pursuing reusability? most people think it is about driving launch costs down. however for rocket lab, the focus is on launch frequency. if we don't need to build a new stage for every mission, we can launch more often to meet our customers' need. even though spacex, rocket lab and other companies are launching now increasing frequency, i still find every launch to be exciting. emily: it's wonderful to hear your enthusiasm. as you mentioned, bob and doug, they are still in space at the international space station,

scheduled to come back now in about a week. this is, you know, as you currently point out, the shortest turnaround time that spacex has now had between two lodges. it has been 50 some days. they want to shrink that even further from a matter of weeks to just a few days at a time. what would it take for spacex to get to that rigorous a schedule where they are essentially launching and relaunching rockets just days apart? tess: it really comes down to reusability. if one does not need to rebuild a first stage every launch and you can simply refurbish one that had previously been launched, the time between lodges has the ability to decrease from 51 days to a week. spacex know the goal for but the goal for rocket labs right now is monthly launch with three landing, refurbishing and

reusing the first stage. we can get that down to weekly, if not two lodges a week. emily: talk to us about the burgeoning space economy. every successful launch creates more optimism around space, opens up new possibilities. outside of rocket lab, where do you see the biggest opportunities for space investing? tess: i want to invest in space companies who continue to open space for business. and particularly interested in investing in founders who are utilizing unique sensors. the invention of the result of decades of exponentially decreasing size and increasing the power of commercial the loweringllowed of barrier to space so one can throws sensors into a sack on low-earth orbit. before, it was a massive satellite and stationary orbit

that would take years, if not decades and millions, if not hundreds of millions to design, test build and launch. it really allowed entrepreneur'' imagination to put different sensors on this new formfactor. sensorsally, the two most frequently put on the sack are first observation and then communicating with the earth. i want to invest in different and unique sensors. we will be watching to see where you put your money. tess, thank you so much for joining us on this exciting day. we will continue to follow that second stage as it continues moving forward. tess hatch, thank you so much. coming up, we will be hearing from alibaba, the president of alibaba just sat down with david rubenstein on leadership live. we will have that conversation, how the chinese e-commerce giant

is navigating the covid crisis, and u.s.-china tensions next. this is bloomberg. ♪

emily: china's alibaba group is looking to bulk up its u.s. businesses as part of an effort to help american small businesses weather the covid-19 crisis. carlyle group cofounder david rubenstein spoke to alibaba president michael evans moments ago. take a listen to how the company is navigating the crisis. michael: alibaba in some respects is a huge e-commerce company, like amazon, but it almost a very other respectability different.

its core operations is in china. it's a very large cloud business, very large e-commerce business. very significant logistics business and digital media and entertainment business. it has become the leader in china with more than $1 trillion in sales. and over 700 million consumers on our platform. what it does internationally though, in particular what it does in the u.s. this still a mystery to most people because we don't have a platform in the u.s. so we are not here selling products in the same way that an amazon or an ebay or other e-commerce would. what we do, which is very significant, is we sell tens of billions of u.s. dollars of great american products from brands, retailers, even from farmers to the chinese consumer directly. we have been doing this for almost 15 years. it is a business that continues

to grow. particularly in the covid environment, china has become, the china consumer has become so important to many u.s. brands and small businesses because that is where they see growth. and the ability to benefit in the post covid environment. david: a lot of american companies say there are plenty of chinese consumers, i would like to sell to them. the easiest way without setting up shop in china is to do it through alibaba? michael: yes, it is. we have multiple platforms. some for cross borders, some for the big brands like starbucks and others who are physically residents in the country. ss those many platforms, we provide the access point for thousands and thousands of brands. david: today, the market value of alibaba is roughly $700 billion, something like that.

your number of employees is over 100,000? michael: about 120,000. david: there is also something that happened post covid. many people in the united states want to get products like ppe products for health care related benefits, and the only source was china. so you sold a lot of products, i assume, through alibaba to americans to help them through the covid crisis, is that right? michael: not quite. there are other sources of ppe -- korea and other markets. but, our principal focus in terms of thinking about how to help withppe and other medical products was to help source and vet countries as a source to sell all of our products. the work i did with governor cuomo with new york state was really not to sell new york state products through the platform, but to help source some reliable providers and also vet the quality of the products

before the procurement team spotted. david: governor cuomo and staff contacted you and said we are having trouble getting pd, can you help us? did you help facilitate that? michael: a little bit the other way around which is i called governor cuomo and said i'm a canadian but i live in new york city and i care about the state and the city. it's becoming clear to me that new york is becoming the epicenter of coronavirus in the united states, what can we do? what can i do to help? he said, weoow, this is great. let's figure it out. together with his team, we did a huge amount of vetting and sourcing of ppe for new york state and for the hospitals. evans, president of alibaba, along with david rubenstein. now, tiktok is reportedly suspending talk to build a global headquarters in the u.k.

this on the back of the uk's decision to ban the chinese telecom, huawei, from its next-generation networks. joining us to discuss is bloomberg's shelly banjo who has been covering this story. now tictoc has become number one example of the fallout from these u.s.-china tensions. shelly: that is exactly right. tiktok has been trying to really portrayed itself is not is a chinese company. a lot of the grief they have gotten was the ownership of one of the companies, one of china's largest tech companies. what tiktok is trying to show is we are not a chinese company, we are a global company. they are trying to say we will create a global headquarters out of china that will serve as tiktok's headquarters.

this will be the first place they are looking. london is one of their biggest operations. they also have large spaces in new york, dublin, los angeles and singapore. emily: talk to us about tiktok's broader struggle. they have been trying for years to distance themselves from china, when in reality, the parent company is a chinese company, right? shelly: yeah, that is the inherent struggle for tiktok. they could take every step under the sun. they have appointed a new ceo who was at disney. it is like the most american ceo you could get. they constantly are trying to show all of the great things they are doing for american and global customers, but at the end of the day, as long as the parent company that was founded in china and now registered in the cayman islands, they will

still be considered by many, including american politicians who are just getting started with the anti-china hype for the presidential election, as a chinese company. emily: kevin myers has his work cut out for him. the app has been rocketing in terms of popularity, but at the same time, you have wells fargo bending it from company phones. president trump urging his supporters to support a ban on tiktok in the u.s. how big of a risk and challenge is that going to be? shelly: they certainly have their work cut out for them. on the one hand, the interesting thing that has come out of the ban is all the users came out for tiktok saying i don't care if the chinese government has my data, i love this app. you cannot take this voice away from me. i think that was really interesting thing to come out of this whole discussion, but at the same time, u.s. politicians

clearly have tiktok, a target on tiktok. there's a number of investing agents going on. so it is a problem for them. anjo, thank you for that update. we will continue to follow this story and your reporting on it. meantime, lots of tech earnings coming up this week including microsoft and twitter. long a poster child for growth, but getting earnings growth and the ability to make money in this stay-at-home crisis has been the biggest tech names synonymous with quality and utility. our scarlet fu reports. scarlet: the biggest knock against big tex -- there outside gains leave little room for misses. investors may be quick to fleet, especially with optimism or in improving economy with lasting rotations into other sectors. here's what can remove some of the shine from the biggest tech

names. mayapple, the pandemic delay iphone 12 and may leave the company unwilling to give a sales forecast. amazon revenue likely grew more than 25% but it is also spending a lot. how much will it spend to keep the delivery network running smoothly? microsoft is benefiting from a shift to the cloud, but is giving up some revenue now by allowing to defer payments on contracts? if the economy stumbles further, advertising budgets could disappear, including facebook and alphabet. alphabet relies on small businesses, particularly the travel sector. when you only gone up, it does not take you allotted knock you down a peg. emily: scarlet fu there. microsoft, intel, and twitter. we will be on top of all of that as the numbers rollout over the course of the week. that does it for this edition of bloomberg technology. bloomberg daybreak australia is next. this is bloomberg. ♪ businesses are starting to bounce back.

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♪ shery: good evening from bloomberg's world headquarters. we are counting down to asia's major market open. i'm shery ahn. haidi: i'm haidi stroud-watts. here are your top stories. wall street hits its highest in february -- since february as investors welcome optimistic vaccine news. s&p 500 positive for the year and the nasdaq getting an all-time record. covid-19 marches on with global