♪ emily: welcome to "bloomberg technology." stocks climbing today, let again by technology. apple jumping ahead with its 441 stock split scheduled for monday splitor one stock scheduled for monday. meanwhile, wildfires continue to rage across california and colorado as well. these are some of the largest wildfires in the states's history.

we will be joined to talk more about that. but first, let's talk about the market. abigail doolittle is with us. on the back of a big speech by joe biden last night that has been largely well-received, even some republicans saying it was successful. abigail: indeed. probably not too much influence in the markets today because earlier today on the open, really small moves. it was as the day got going that the gains continued, especially for the tech stocks on the day. a real head scratcher because we have a they were we do not have any positive macro data on economic front, and we also don't have any negative data relative to the macro either except for the further out uncertainty around the election and u.s. and china relations. here we have the big tech stocks you were talking about once again climbing to the nasdaq 100 and faang index both at record highs. the faang index now up 115%

since its march low. apple is just incredible, up more than 5% today. split does notck create value. interesting to see investors jumping on this stock ahead of that event for sure. nvidia making up for some lost ground after they reported. on the other hand, those are the stocks helping. on the other hand, some of the well-known stocks lagging just a bit such as microsoft, amazon, facebook, and netflix. there were some management changes at the amazon and netflix that were mentioned. net, not a lot of news. some relatively big moves. especially for a summer friday. emily: right. we will talk about some of those management changes later in the show. let's do talk about the week. obviously, so many things happened this week. you got the dnc, big fires, the lack of stimulus, unexpected

rise in unemployment. how did the week look when you step back? abigail: everything that investors have to deal with, especially unemployment, that should be something that is worrisome unless it causes investors to think it is more likely to spur congress to pass stimulus sooner rather than later. because of the good and bad, we had a mixed week. week, it is an believable. the new york faang index up more than 7%. the nasdaq 100 up 3.5%. the s&p 500 up slightly. the small-cap russell 2000 down 1.6%, its worst week in two months. really, the story of the haves and have-nots continues. it is about the stay at homes. many are hoping for a cyclical trade into industrials and materials. that was not the case. financials and energy both down 3% and 6% respectfully. so negative week. as for the big individual winners, the stocks we were talking about before, apple having a huge week, up 8%.

tesla of 24%. that is another stock split name, a five for one. over the last eight days come up 50% since that was announced. it does not create value, but people want in. nvidia and jd.com both reporting this week. investors both liked those reports. pretty incredible to see these gains simple continue. all about the fed liquidity as a guest told me earlier. emily: all right. we will be watching to see what happens this week. we will certainly be closely following apple on monday, the split. stocks have a good weekend. it is time for the 1500 employees of tiktok who are based in the u.s. planning to hire 10,000 workers and open new offices on hold. social media stars are inserting clauses into their contract to

deal with what happens if the trump administration ban comes to pass. for more, let's bring in shelley . no resolution. still talks with microsoft happening. now another jumping into the fray. even alphabet saying they have not ruled out a bid. let's start there. what do you make of the latest developed with alphabet? shelly: yeah. i think google is looking at it like every other tech company. definitely thinking about it. maybe they have not formalized talks, but it is for any tech company in the u.s. now, the thought is i would like to take a look at what it is like to buy this extremely fast-growing, extremely lucrative market. emily: let's talk about what tiktok does in the interim while the talks proceed. obviously, they plan to hire

thousands of workers. that is not happening right now. how is this affecting the inside of the company? shelly: yes. i was really interested in finding out the answer to that question. i was like, how is this company continuing to do business knowing that it when he five days it could no longer exist? what must not be like inside of the company? so far, the number of executives and employees, advertisers, and brands that work with the company as well as creators who generally talk from time to time, a lot of them described this bizarre disconnect between the inside tiktok bubble and the outside of tiktok. inside, users are still growing faster than other apps. they are continuing to have brands and advertisers put up advertisements and campaigns on the app. outside, they are getting tons and tons of questions from their

fans and family. that is making them nervous permit inside the company, they are in town halls. they are asking, can you confirm we are still going to get paid in the next month? am i going to get my next month's paycheck? to which the company said, yes, you will get paid. and other questions as different talks emerge. emily: and then you have the question of, ok, what if a deal happens? let's say microsoft wins this deal. is hiring supercharged? then you hold out for the what ifs. shelly: yes permit a lot of the job openings are still there. if you go on linkedin, there are about 500 job openings still open and live on there. tiktok says publicly it is continuing to hire mission-critical positions, things like customer service and security and public policy folks in d.c. those positions are definitely

continuing to happen. i think they are still collecting resumes from people. what is interesting is there are tons of people who still want to join because they figure some other big company might buy it and i might become a microsoft employee but i want to work on tiktok anyway. emily: all right. banjo, continuing your great reporting on this. thank you for sharing that update with us today. coming up, the apple and epic dispute continuing to heat up. apple firing back in a court filing saying epic wanted a special side deal. we will talk about the story with a gaming ceo, next. this is bloomberg. ♪

the saga continues. apple firing back at epic games, the creator of the popular game "fortnite" in the app over app store fees. apple claiming epic ceo tim sweeney got a special side deal for "fortnite" and accuses the

company of breaching its contract. is our us to discuss guest, a veteran in this industry. what is your take on this back-and-forth? do you take a side, epic or apple? >> well, put me right on the spot. first of all, apple, google, epic, these are all incredible companies that have done tremendous things for the gaming ecosystem, the e-sports ecosystem. one thing i will say about epic is they have always championed the independent game developer and gamer, the little guy. it is actually in their dna and part of their core values, and so i do understand them following through with that fight. i would say they are great companies. they will figure it out. i think we all now realized the gaming revenue pie is massive and there is plenty of revenue

to be shared. a big part so i am sure they will find a way. emily: there is plenty of revenue to be shared, but there is the question of what is fair and what is not fair? do you think charging 30% rent, if you will, is fair? ann: well, certainly, this is like anything when you have a few small companies controlling the ecosystem. you know, they get to take all the spoils. i think in some ways, very true again, it is true that we are all about empowering the everyday gamer, letting them create their own e-sports experience and share their content and highlight reels. epic is all about doing that same kind of democratization, and what it will create is a more fair market through their actions. emily: that said, epic is a fairly large company as well, and most folks play "fortnite" on a pc coming up mobile. do you think this will have --

on a pc, not mobile. do you think this will have an impact? who will this hurt? ann: they thing -- the thing they did so well with the lodge is the cross-platform. i making it super accessible to the more casual gamers, the teenage girls who maybe would theyto pay to play on pc, widened the net and that is why they got so much more user adoption. i think certainly the people who compete and play aggressively need to level up. mobile gaming is now becoming just as competitive as the hard core kind of desktop competition depending on the genre of game. it does hurt the everyday casual competitor. there is not an easy way for them to continue to engage in the game. emily: meantime, gaming, the industry has been booming with

everyone sheltering in place. for the folks who want it, you can imagine they might sense a little desperation if they cannot get it. your platform has skyrocketed in popularity. scene 700% growth. -- seen 700% growth. talk about the trends you are seeing during quarantines scattered across the united states. ann: certainly we were already seeing pretty significant audience and register player growth last year. never in our wildest dreams would we imagine that we would year0% of last year's full impressions in just the first seven mutts of the year. -- seven months of the year. so for us, this is our chance to show with the explosive growth and engagement, we can turn that into one of possible ad and start driving advertising

revenues against it, monetize the players themselves just like the game publisher did so well with in game transactions. this has been a real breakout year for us. often, investors say to me, what happens when they find a cure for the pandemic? what happens? they will look, sure, all be so excited to get outside that we will rush out and do the things we have not been able to do for some time. but the fact of the matter is i set it on your program before. gaming pre-covid was already and the boxtv office. it was already in play that it was the dominant form of entertainment for gen z and millennials. we are capturing a surge of entertainment and we will not have a problem maintaining a post pandemic. emily: meantime, you are working to make gaming more productive, launching a partnership today

with the singleton foundation for financial literacy and entrepreneurship to launch the first of its kind videogame that combines fun with entrepreneurial skills, developing entrepreneurial skills you might need to start your own thing. tell us about that. ann: yeah. this is so near and dear to my heart. because i spent about 18 years in large companies. i was an executive at bp for several years. then i made this while jump into entrepreneurship. it was all scary. it is hard to scale a small business, to create a new product, and find a market for it. what they are doing with this new game venture valley is so cool. it is a multiplayer game that will be available for download next year, 2021. what happens is multiple players compete against each other inside this game. but what they are is ceo's of their own businesses.

so one person might be running a dog walking business. another one from a drone factory. you get to pick the business you run as a ceo and have to make all types of decisions about pricing and product quality and advertising and operations and maintenance. neat toolreally is a targeted at teens to get them excited about their own business literacy and entrepreneurship. i just love it. goes along so beautifully with super league. we have always been about, how do you create a forum, a community platform that actually is about what is really more true about gaming? which is about inclusion and community in fun and socialist and good sportsmanship -- and goodlness and sportsmanship. we have always had gaming is good for you and has a positive impact. there is no better proof point then the venture valley game. emily: now with the pandemic

being prolonged, how does that impact your pipeline? what else is coming down the pipe for you given the dispersed workforce and gaming creators? ann: thank you for asking that because it is kind of exciting to see the new direction. we gave up our office space. we said, hey, that is a big amount of money we are spending. actually, productivity has been super high. i feel just as connected or more intimate with staff because we all get to see each other's homes and our dogs and all these aspects. and then really what it has done for us is we have a really unique piece of technology. it is a little bit of upper crown jewel. we made some announcements about it. it is patented. it is a unique way because we have to create it ourselves to run the first e-sports competition to create digital broadcasts of it. we created this great 100% virtual remote content studio.

it is a super affordable way to have the same high quality feel as one big production companies go into those giant production booths and have the cameraman and relays to make it a great broadcast. we can do that and offer the platform for all kinds of uses. we are getting into traditional sports broadcasts, talk shows, game shows. it has applications way beyond gaming. emily: fascinating. you gave up your office space. that is a big development. thank you so much for joining us. ann, the ceo of super league gaming. coming, mark zuckerberg is not done giving answers about antitrust. this time, to the ftc. we will bring you the story, next. this is bloomberg. ♪

bloomberg has learned the ftc has questioned mark

zuckerberg, the ceo of facebook, this week as part of an antitrust investigation. hearing lasted for two days. covering the case for us.een what do we know? week, it wasthis in the antitrust case that the federal trade commission has been pursuing against facebook ever since the cambridge analytica matter closed. that closed and the next day or later that same day may be the ftc said they were investigating the company's competition practices. so we know that he spoke to the commission on these issues. the case may be coming to a close. emily: so good news for facebook, but certainly not the end of the scrutiny, right? ben: no, absolutely not. it could be coming to a close in a way. that means the filing of a lawsuit. it could be the beginning of a journey that could last several years and could see government

antitrust enforcers even possibly seeking a spinoff of something like whatsapp or instagram, which are acquisitions that we know are heavily scrutinized in terms of facebook. put thehat said, what ftc under pressure to do this? ben: absolutely. this kind of came out of the cambridge analytica matter. they did not depose mark zuckerberg in that matter. the republican commissioner said they have ample evidence and ample message traffic. democrats said that was not enough. they caught a lot of slack for at last year. even as weaselly as earlier this month, senater richard blumenthal said he believed the public would only be satisfied with the ftc deposing the very top executives. the ftc has really clearly heard that. they said they would only be deposing people if it was very

important. clearly in this matter they thought it was. emily: do we know what questions were and were not asked and what that signals about the case? ben: so these depositions are obviously secret, but i think you can start to get a bit of an idea what these looked like. from what we watched last month, a public hearing in front of the house on antitrust matters, i would not imagine that i would imagine the questioning went -- i would imagine the questioning went similarly. mr. zuckerberg, you said you wanted to buy instagram because it was a competitive threat. is that true? was there anything else you were thinking? is that true of other acquisitions? you start to dig down really into what the company was thinking at the absolute highest level as you develop your case. emily: so what is next? ben: i think we start to look for whether or not that case is actually going to be filed, whether or not there will be a

federal lawsuit. wh the case is, and then you start to ask what facebook's potential defense is. you have motion to dismiss. it becomes a lengthy battle with lots of coverage for us, but there will be a lot of attention from the ftc to facebook going forward, and they have made clear that facebook right now is their top competition matter so i do not see this ending anytime soon. emily: all right. thank you so much, bloomberg's ben brody in washington for us. appreciate it. coming, fires continuing to ravage the western united states. san francisco, california, colorado being hit the hardest. firefighters are overwhelmed by the amount of fires so far this season but fortunately getting help from an unlikely partner. that's next. this is bloomberg. ♪

emily: welcome back to bloomberg technology. i'm emily chang. acres of 700,000 california burning as wildfires continue to ravage the western united states. firego on the map bloomberg terminal to look at how this is impacting our country. wildfires damaging northern california. the second largest fire to date also sweeping through colorado. with firefighters overwhelmed and understaffed, how are these fires being fought? of are joined by the ceo

how his company is being used to battle the blazes. talk to us about where your drones are right now and how they are being used. we have a system that allows the drones to start fires. an ignition system to start fires to fight fires. there firefighters are using this in oregon, northern california, colorado. what they do is start fires from the air to create fire breaks so the main fire does not have the fuel to go. howy: so, talk to us about your technology actually works. you basically stop fires by starting fires, right? carrick: our system has basically little ping-pong balls that has a chemical in them. when we inject them and drop them, they will start a fire 30 to 60 seconds after hitting the ground. with that, we can remove the fuel in advance of the main fire

so we can have the controlled burn to create this fire line so when the main fire comes, it does not have any fuel and it will go out. this is when you see the news stories about a fire is 50% contained. it is because they have actually removed a lot of the fuel around the boundary to prevent it from spreading. one of the main ways they do that is by actually starting fires safely. -- talko, what are the to us about the safety benefits of this technology because as i understand it, 25 of the deaths related to wildfires are aerial deaths. you are helping to keep people who might be piloting a helicopter for example out of danger. carrick: yeah, about a quarter of all fatalities in firefighting are related to aviation. these pilots and aircraft are really put at risk. a very dangerous job to be flying low and slow over fires.

what we have developed is a drone system and a payload for the drone to actually allow it to do burns that are otherwise done by people in helicopters. this past year in texas, a firefighter died doing exactly this type of ignition operation from the air. our system allows firefighters to actually operate our system from a safe location. it allows them to do this in a much safer way. it's about 10 times less expensive than operating a helicopter. emily: we are looking at some of the biggest wildfires in the state of california and state of colorado's history. are there any limitations -- i should say what are the limitations of this technology, because certainly, technology cannot do everything? carrick: yeah, we still need to really coordinate with the firefighters, boots on the ground. but, one of the advantages of our kind of system, we can

actually operate at night and safely. the forest service and bureau of land management, national parks are all using our systems actively on these fires. one of the main uses they have is using them at night when other aircraft cannot fly, when it is not safe to have other people out near these fires. they use our system to actually ignite these back burns on the fires at night when otherwise they could not do any of their work from the air. this really opens up new opportunities. of course, these drones are not replacing helicopters or manned aircraft right now. there really filling a gap and supplementing the demands of the fire season. we have far too few firefighters out there right now given the scope of all of these fires that have come about in the past couple of weeks. emily: being in california, our skies are gray.

this is now something that is happening year after year, for several months starting even earlier this season than it did last season. why do you think that is happening? we had a crazy lightning storm here a few days ago. obviously, there's climate change. there is the electrical issues. what is your take on the root of this? carrick: yeah, i think it is a combination of all those factors you have mentioned. i think the other aspect is that we've been in the era of trying to put out fires or prevent them, whereas in nature, before we were putting out these fires, small fires would happen all the time and they would be relatively minor because there would be little fuel on the forest floors. one of the other uses for our aerial big mission system is to actually do these prescribed burns when it is safe to do so. not in the middle of the dry summer. winter, when it is wet you can

do these prescribed burns and actually clear out a lot of this undergrowth so that when a fire comes through, it is not going to be as severe and it will be easier to handle and put out. techniquesmanagement . clearly everything from climate stormsto these lightning that are kind of flukes. all of these factors are influencing the severe wildfires. emily: is what we are seeing now a signed this is going to be a particularly devastating or dangerous fire season the next few months? carrick: you know, i think a month ago, it seemed like we were going to have a relatively mild fire season, and all of a sudden, it turned around. i guess, i'm maybe optimistic we will get some great rain to help put out a lot of these fires but i think we have to be prepared for another devastating fire season. as you said, these are happening

more and more often. it's really critical that we really work hard to mitigate them throughout the year, not just when they are happening. emily: so, on that note, looking ahead, how widely is your technology deployed? where are you expecting to use your drones this season mostly? carrick: yeah, we work closely with the u.s. forest service and the bureau of land management. we really are developing the software and intelligence and the actual payload system the drone uses. the firefighters are the ones operating. those big federal agencies that use the system extensively -- alaska, california, all the way down to florida. also, state governments and private contractors use it. in florida, for instance, they use it to do these types of prescribed burns in the marshlands to restore natural habitat. so, it's really widely used in terms of the need.

where a small startup company in lincoln, nebraska. we pioneered this technology. we were the first ones to develop this type of system. the only one that has a system that is federally approved for use on fires. we're just a few years old. we really hope this technology will help save lives, reduce costs and reduce the amount of damage caused by these wildfires. emily: all right, ceo of drone amplified, thank you so much for all the work your drones are doing and for sharing with us. we will continue to follow the fires closely. more than 700,000 acres in california in particular burning. switching topics now to sports. leagues are trying to get creative to retain viewership with fan still not allowed in stadiums or arenas. our vonnie quinn spoke with the professional league ceo and got his strategy for growth.

>> the professional fighters league is exactly like the nba, nfl or any of the sports leagues people are used to, in that individual fighters compete in a regular season, playoffs and championship. it is a meritocracy in transparency. it is wind in advance like any sports we know. a promoter does not who decide who was number one or number two, it is when in advance. we all wish lebron james might make the playoffs this year but we cannot just decide, he has to earn it. every fighter has to win four times in a row to become the champion each year. have triedy leagues to take the ufc crown away from ufc. you are no different from bellator. you are trying to differentiate yourselves by treating the players better, guaranteeing a one million-dollar win each weight class. you are gaining some fighters. how many more will you need to get in order to get the fan base

up to the level of ufc or there about? is already accomplished with no one in a combat sports league is ever done. first of all, our product. the fighter first culture -- we have 15% of our roster top 20 ranked athletes in the world. the ufc only has 19% on the roster. we already have the second-best fighter roster in the world. number two, media audience for people watching. our last event, the 2019 championship from madison square garden had 400,000 viewers on espn. the viewers for ufc on espn, only one million per event. we are already 40% of their audience after two years, and they have been around 25 years. 2017,: you came in early but yes. donn: we just bought contracts from them. not the format, not the brand.

third of all, it is distribution. we are in 160 countries. ufc is in 160. world for you because you can get the same outlet in terms of fighting the best talent and being seen by the most people and winning the most prize money and controlling your own destiny in the pfl. you have a true option today if you are a fighter that has never existed before. >> when it comes to have any kind of sports in a pandemic, obviously, there is contact in sports. what are the protocols in place? we are showing viewers the footage right now. that is the nature of mixed martial arts. donn: great question. two parts to that question. one, the competition. two, the fans. in terms of the competition, both the nba and ufc have proven how you do it from a competitive

standpoint. that's what pfl will be doing in may of 2021. from a fan standpoint, the pfl has been founded as a global media and content company. we care about the 5 million to 10 million people watching and that is how we are founded. under 5% of our revenue is from the venue and the ticket experience. that is 33% for the nba or nfl or mlb. the pfl is really about the tv, streaming and mobile experience. so, having that made-for-tv product has no impact for us in terms of the bubble experience. vonnie: you do air of the undercard for free on facebook. you sort of educate new viewers potentially. and you have the highest-paid female fighter, so congratulations on that. you, conorsk mcgregor headset for a long time he wanted a piece of ufc. he wanted skin in the game. is that something you would ever consider for your fighters? donn: the pfl has fighters with

equity and will continue to offer fighters equity. we want them to be true partners. they: donn davis, professional fighters league ceo and chair. coming up, is apple playing favorites? we will look at one agreement the company has with amazon and why so many other app developers are speaking up. that's next. this is bloomberg. ♪

emily: is apple playing favorites? that seems to be the case after a discovery of apple's lenient pricing agreement with amazon on the prime video platform.

the information out after the government scrutinized the tech companies during an antitrust hearing last month. mark gurman, who covers apple for bloomberg. mark, earlier in the show, we were talking about how apple is accusing epic of wanting a special deal. here, you see them cutting a special deal with amazon. how do we make sense of that? was: so, the deal that epic asking for is the ability to have its own epic-branded app store on ios. that would make it the only company other than apple that is able to offer an app store on apple devices. different tiers of the special deal with amazon is a percentage. it is them getting a 50% revenue 15% revenue share versus 30% of what others are getting. the difference here is that in this case, apple was doing what it needed to do to get amazon

prime to be on its platform. that's the reason why people might buy an iphone, ipad or apple tv. they looked at more like a business relationship. they look at amazon differently than any other developer, including epic games. i'm not saying that is fair. i don't think it is fair but that is the rationalization. emily: so, what has the pushback been from others who are not amazon? mark: you're seeing pushback from everyone at this point. obviously, we have covered the epic games situation in tremendous amount of detail. the whole back-and-forth there. spotify has been pushing back. netflix has pushed back. we see today, the ceo of wordpress, a really popular blogging platform on the iphone and the web, saying that apple is halting updates to the wordpress iphone app until wordpress implements the in-app service to give apple the 30%

cut of domain name purchases. we have a story that publishers from a consortium of different newspapers, including our bloomberg news, news corp. which owns the journal, washington post and the times, saying they want the same deal that amazon is getting. 15% versus 30%. emily: meantime, apple making lots of news and we are preparing for their four for one stock split on monday. also, new story out minutes ago that president trump has been trying to behind the scenes reassure apple that the restrictions he is trying to put on wechat, which could seriously impact chinese consumers who may not buy iphones in china, if wechat cannot be on them, the president trying to reassure apple they will still be able to work with tencent and wechat. what can you tell us about this? mark: i think i said on your show earlier this week or last week, i never thought this was going to happen.

apple and the trump administration seem to have a way to work out these things. we see the trump administration put out threats related to china. things that would impact apple, we have seen over the past four years, none of them have ever come to fruition. i think the safe money for with this one was not going to either. apple will continue to be able in all likelihood to offer wechat in the app store in china which would save a lot of people in china who own iphones from defecting to competing smartphones. right, certainly something we will continue to follow, especially as talks between microsoft and tiktok continue to play out. mark gurman, thank you for that update. still ahead, a changing of the guard. an early amazon executive and potential successor to jeff bezos is stepping down amid a wave of high-level departures in recent years. the details, next. this is bloomberg. ♪

emily: amazon has tapped logistic chief to leave the unit. clark will replace jeff wilkie, a longtime lieutenant to jeff bezos, someone who is widely considered to be a potential successor to bezos should he ever leave. will the pending retirement comes as a surprise to many amazon watchers. joining me to discuss is brad stone and our senior executive editor for bloomberg technology. does this surprise you? brad: hi, yeah, it really did. wilkie was a lifer. he had been there since the early days when the company only had a few product categories. i would say it is bezos largest trusted deputy. he was kind of the name you heard first when you talked about succession. not that jeff bezos is going anywhere.

he is still a young guy, in his mid-50's. it was surprising to me. emily: he is fairly young. so, do you think there is anything happening here? was he pushed out? did somebody tell him he was not going to succeed jeff bezos? did that ever happened? brad: right. we can only take it at face value. he said it was time. he wanted to pursue personal interests. he had some trusted deputies waiting to step up like dave clark. we can observe a couple of things. one, they talked about dog years and amazon, the magnitude of the time you spent their. he had been there for 20 years, probably felt like 40. it was very lucrative. he has made hundreds of millions of dollars. he has spinning a lot of time in l.a. where his family lives and dialing in via the teleconferencing app that amazon

uses, chime. probably a combination of all those factors. maybe he observed that jeff bezos was not going anywhere. the challenge that remains for him is as a ceo. i can assure you, he will get those offers in the years ahead. emily: so, dave clark, tell us about him. dave has been the point person on all of the major logistical issues that amazon has had to deal with in the pandemic. quite a nightmare. some controversial issues as well. i remember a 60 minutes interview where he wouldn't share the number of folks in is who testedse positive for covid-19 and amazon got a lot of pushback on that. brad: that's right. the fact it was dave clark doing the interview probably was a little bit of a foreshadowing that his visibility of the company is going up and up. he's been there, really also

since 1999. around the time jeff wilkie joined. he took over the operations that work the fulfillment network in 2013. he acquired the robot company that allows amazon to run more denser fulfillment centers. he spearheaded the transportation network. he's why amazon delivers more packages rather than shipping it via fedex or ups. he's also been upfront front in a lot of these controversies. when you see bernie sanders or amazon,al criticizing he would be the one saying you are misinformed. he has taken the lumps for some of amazon's problems during the pandemic. we could also sit back and conclude that the company has been enormously successful. the way in which it stepped up when a lot of physical stores closed. in the fact amazon's stock has soared. a lot of it is contributed to the fact that fulfillment network and transportation network has worked even though

there has been pickups. -- hiccups. emily: only about 30 seconds left, but who could be bezos' successor? is that dave clark? brad: well, speculation. andy jaffe has been there since 1997. he runs aws. aws is a much bigger part of amazon's business now. i think now that jeff will be left the company, if bezos were two summaries reason go away tomorrow, i think the conversation would start with jaffe. emily: bloomberg's brad stone. we missed you. thanks so much for joining us and thank you for watching this edition of bloomberg technology. it's friday. have a wonderful weekend. i'm emily chang in san francisco. this is bloomberg. ♪ you doing okay?

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with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. david: and then there were two. markets in the country focus on how a biden presidency will differ from that of donald trump. this is a special election addition of bloomberg wall street week. i'm david westin. this week, former treasury secretary wall street week contributor larry summers. former secretary of hhs kathleen sebelius. ralph lost nine of ever core. ralph: these very squarely in the left-center of the democratic party. he's a procapitalist. david: steve ratner of willett advisors. aroundthis time