>> this is "bloomberg technology," coming up next apple beat the sales. light.sales so far iphone 12 sales looking strong. no official holiday forecast. and googlebe ads

beat for alphabet. spoke to the alphabet c.e.o. about the results. i'll give you the takeaways from that conversation coming up. facebook beats the social s the covid her storm. 2021 might not do so well. big word uncertainty. earningsnating the calendar and on our show we also saw the results from amazon and twitter. clobbered inng after hours trading. we'll cover it all over the next hour. abigail doolittle is watching the market moves from new york. abigail, lots of different stories at play. seeing? you

>> incredible. most anticipated day of earnings for any quarterback, at least we have some of the answers. let's start out with the breakdown because we're a tale of two stories. relative to first apple and amazon. we'll see declines. on the surface, they did beat adjusted earnings putting up 73 cents per beat by 4.7%. they put up nearly $65 illion in overall revenue beating by almost 2%, but beneath the surface as you iphone tioning the sales disappointing, down 21%, and china sales were down 29%. as you know, emily, in iphone is a status symbol so that the sales weren't strong there could worrisome. plus no forecast for another quarter. how do you want to buy a tock that's up 57% on the year without a forecast? you see the stock down in after hours. they also beat it. their guidance tough, fourth

quarter, about $112 billion to $121 billion, estimate $112, so their low end actually below the estimates. a stockot great for that's also up in a big way on the year plus the stock as we've been talking about over the last couple of not been trading well so that one is down. where we have strength, hough, alphabet and facebook, alphabet just put up a big beat across the board. being rewarded, up 8.2%. .5%.book only up the stock had been up arlier, they beat similar penerest.nap and where we're seeing some completely different from any of these other stocks, s you were mentioning, twitter plunging in after hours, they beat on the surface, it looks like a pretty quarter on the but when you dig beneath the new user growth is not there. million added one new users in the third quarter relative to adding 20 million new users in the econd quarter for a stock

that's up in a huge way, bullish recently, not enough. priced to perfection. bar was high. though didn't get over it. that stock down 15% right now, emily. >> kind of surprising heading into an election and on of action happening twitter. i spoke with alphabet. apple's cfo,nd both of them talked about ncertainty despite the positive we're seeing in the results. looking ahead, after a week, what does all of this mean for the market action tomorrow? ncertainty is a good word because we do have a big down week relative to the theseindexes and even fangs, lots of volatility on the week. right now down .5% but it up, down, now there is a reason to think it's going to be back down. priced ocks, again, to perfection. up more than a hundred percent out of the march lows. everything nt that they can possibly get. a really clean beat similar to what alphabet d. these companies didn't quite

do that. apple and amazon, those are that ggest, the fact those stocks are down, and there are some nuances in those quarters and the lack apple, not from so pleasing. could be at best a neutral emily, tomorrow, or worst case scenario, it really be to the downside as some of these companies just didn't put up quite what investors were hoping for. ups andwing all the downs for us in new york, thank you so much for all of updates. i want to start now on apple. i just got off the phone apple's cfo, we walked through the numbers. course, a record quarter imacs. the big question is why is the cell phone number light? had the new iphones, not part of this quarter as they normally are. they got pushed back a little bit. i want to bring in julie who

follows the company for us now. what is your takeaway from these headline numbers given for the first time in while these new iphones aren't part of this quarter? >> yeah. to ink apple continues show that it can weather this pandemic. apple fortunate for and certain they have worked hard at for years is their target audience is elatively affluent and their unemployment numbers are not as high for this group and the pandemic this group as hard. so on one hand they are still working. they still have spending hour. so they arehome spending more money on things like macs and ervices to entertain themselves. and they are getting used to they are me where work, so things like tablets laptops are still selling strong. > in my conversation with gave me more color,

even though there are only data, they have the tail end of models. he thinks it will be positive. of data but s all the signs they are seeing are very, very positive. make of that? will this be the year's long uper cycle that we've been waiting for? >> so it could be, but i would actually attribute to it something different perhaps. i think apple's ability to bring like the s.c. line lower pricedve phones will help them out. i think 5-g is exciting but or the most part consumers really don't know what that is. it's faster, certainly, but he real power of 5-g that really makes things fast isn't available in most markets where consumers live. said, that may not deter consumers from buying 5-g. it's been a huge driving force. talk to us given the 1, ming apple subscription bundles, new

fitness offerings, how do you think those will be to the overall numbers? quite positive it.ut >> i don't expect to see a function in growth. has inly the pandemic helped. we're at home. people are investing more in services as well as the devices to keep myself education, for for work and so forth but we really don't have a large nstalled base of an apple watch yet so i think all of these things, and adding more to the burnedle will needle. to move the it will continue -- bundle will continue to move the needle. there is a lot of competition in this market. apple is entering, whether want to think about fitness services. competition.f >> once again we're not getting a forecast for the holiday quarter. this could become the norm apple. i believe this is the third time in a row they have not forecast.

when i spoke -- he talked about a lot of uncertainty. uncertainty in the short term. that's the reason they are not providing due do covey. cases riding across europe and the u.s. they are following the news but at the same time they believe their products and incredibly relevant to people during this time. the other headline, julie, of china.out there a huge decline and what was interesting, he on the call we're confident we'll be growing our business in china during the december quarter for sure. initial response to the new iphone has been very strong. he talked about how chinese the larger ve screen iphone so he believes iphone 12 pro mac will do well there. does it set off alarm bells the numbers that we're seeing in china? julie, are you there?

>> china, yeah, can you hear me? >> china is still further ahead than we are in 5-g and chinese consumers will see more enefits of that before the u.s. consumers do as well. >> always good to have you with us. thank you for stopping by. tim cook talking about china pecifically pointing out china was the most impact by the iphone launch delay to october. f course, we know that the unveiling of the new phones did get pushed back a few weeks. talking about india. september quarter record in india. by the way, even though we aw some weakness in china we saw growth in almost across her region the board. also talking about how iphone and services stronger than expected, from his perspective we'll continue to listen to the call and headlines that come out of it as we move on to the next. also beating

estimates today. largely on ad growth. talked to the alphabet ceo. highlights from my conversation with her coming up next. versation with her comig up next.

>> google beating sales a rebound in ads. john jones me on the phone. the beat for google, what's your takeaway given this is an improvement from last quarter? >> yeah. this was a surprise to me. mean, we saw pin erest really thrush because of

ads, but back on it's quite clearly, you know, also search. that, all of f the covid-19 money shifting traditional money to online to digital, and i think it's really we've ated it and seen that in google's results. and not just search. youtube also really strong rowth at 32% year-over-year. you never expect search to acline but search managed 6.5% growth. obviously that's the bulk of google's revenue still. all in all, and bottom line, quarter.pressive >> now, i did speak with the into the call and she talked about a broad-based improvement in and ad spend across most areas of the business.

she said youtube, rebound was even stronger there. response continues to be consistently strong, and meaningful saw a pickup in brand advertising. do you want to share about her outlook. word about e uncertainty, that the cfo of apple used as well. google and do you expect google to be impacted by some of the upcoming changes, the macroeconomic environment. the fact that we're still in a pandemic and worldwide? >> i look at it sort of as three things. is what's the status of the secular trend moving, you know, from traditional media to, digital? online which is just really crossed point.lfway only last year. so there is a lot of room to google a trend that is the beneficiary of.

that's the primary sort of driver of growth. macroeconomic issue, the situation, i think, if we have another -- it looks the beginnings potentially of another sort of outbreak, another sort of pandemic, and we have to lock down again and then there is another that's going to obviously hurt discretionary spending and hurt abroad but it will probably do again what it just did, which is trend.rate that so, you know, although it may hurt, i think the likes guys andcial media google, actually benefit from this because it really traditional -- the competitors on the raditional media side much harder. and then on the regulatory ide, i think what we saw yesterday, personally, i thought -- there is some substantive changes that need to be made to our regulations, to the internet age.

all the last ones were sort of retro fitted from the old era and they need to be revamped. so i don't think that's necessarily a bad thing, of course, there is going to be a lot of hand raising and blaming and things. know, i look at that at the moment but then, it's like an earthquake, you just never know, right? >> i appreciate that. we've been listening to the call.et the c.e.o. saying in regards to the regulatory concern doj lawsuit we believe the products are creating significant consumer benefit and they will constantly make their case. they believe they will continue to focus on continuing their good work their legal team focuses object regulatory issues. there have been concerns bout, you know, alphabet and folks being distracted by this, while folks at distracted re during what people called

the lost decade. one thing that was interesting in our i asked about fit bit, it's a smaller deal but more significant in the of this doj lawsuit. he said they do still expect the are going to get regulatory approval to complete the action, hopefully, before the end of the year. though the time frame could extend beyond that. hich i found surprising, you know. what does that say about the term?atory risk longer >> well, i think it's -- i mean, the fact that they are really kind s of undermines any -- not does undermine you know, st, case. so, the antitrust case in doj lawsuits that they did bring, kind of microsoft.ack to it was all about bundling the browser with the mobile system, android,

likeyou know, i think, i said, that's a lot of hand waving. think there are substantive issues regarding section 230, which was mentioned, you know, with you know to what platforms these responsible for the content that are being published, if will, on their platform? i think that's a legit thing through. but here's the thing about the risk. back to comes politics and voter support there, right? because you can score some points around the election but what we're talking about different.y i think with the two, facebook, because it has emotional connection with its users and a social all,rk, and because of you know, the divisive discourse and rhetoric that we've had on the platform, i there is probably a

lot more, you know, broad upport potentially and maybe user backlash for facebook than google. mean, one of the things i always get back to is, you don't block a high school years because, you know, you didn't like your google search results. facebook can do that, right? concern.s my main underlining why i have a hold on facebook and a alphabet. on >> okay. well, john freeman, your iate all of insights there. john freeman of cfra on alphabet. results coming up. we've got more for you, amazon out with strong third results. once again beating estimates. we'll have all the numbers more nd we're getting headlines coming out of the apple earnings. im cook saying there are a few more exciting things in store. i'm sure that's going to get ome apple fans very excited.

he's also very optimistic about the iphone 12 echoing cfo told me. we'll have more coming up. this is bloomberg. oming up. this is bloomberg. china was the most impacted the absence of the new iphone. still, we grew iphone strong disability digits and iphone customer demand grew through mid-september. through mid-september.

>> amazon out with another blockbuster quarter beating q-3 and giving a robust forecast for the holiday season but shares down about a percent in after hours trading. investors concerned about pending and profitability, in the busy holiday quarter. oining us now the co-founder. -- know wlikts to work

like to work at amazon during a busy holiday period. amazon projecting a steep in sales through the holidays. >> yes. i think it was really impressive. one of the things that blew estimates away, too, was the which sing revenue, e-marker had predicted, but billion this year they will have to adjust upwards their other, which was vertising revenue up 49%, which was pretty big. huge, actually. even with prime day moving and q-4, when are spending more during prime days. along with e ignificant rice in subscription services. that's where prime members sit. bigger n becoming a player in advertising not or facebook.le

how are you expecting amazon to weather this holiday season? it will be a huge logistical challenge to get everything to everyone, and do it well, then they won't necessarily see that steep sales they are hat looking at. >> yeah. we call that -- [inaudible] if you've heard that but that's what the industry is calling it. like it. >> taught you something new today, then. why they moved prime day into q-4, up into october. trying to move demand forward. that's part of the strategy, and so holiday season has really been kicked off year. r this the shipping is a challenge. ut i'm going to call it right now. i predict the high season and gift card purchases, to be an even bigger win for amazon because not everyone, people that they rget even have them, so they used to pay up front for it.

will be a big one. i do think amazon moved up shipping demand. move re trying to forward with prime day, kick off an early holiday season with deals all the time running. ship-one i will not forget. m season has to live up to great expectations this quarter. retailers, target, worked at amazon for a decade. melissa, so much, for sharing your analysis with us. coming up, we'll be talking about facebook and how it's the covid storm and it appears to be doing digitalr than other companies but 2021 may not fare so well. into facebook results as well as twitter. twitter shares seeing a huge slide. more on that next.

this is bloomberg. n that next. this is bloomberg.

♪ welcome back to "bloomberg technology." i'm emily chang in san francisco, facebook posting better than expected revenue as ads increase despite a major advertiser boycott and policy issues. sales rose 22%. million -- shy of $8 $8 billion, shares falling after hours on twitter 15%, after adding just $1 million -- after adding just one million new users in the third quarter. joining us now is deb aho analyst toemarketer

studies both companies. let's start with facebook, in the hot seat of a policy issues, handling this as we approach the election, and yet if you look at the quarter, what? are your main takeaways? -- what are your main takeaways? emarketer you are right. -- right, thee advertiser boycott didn't have a hard impact on facebook revenues because the advertisers the pulled out wasn't a huge portion of the facebook overall advertiser base paid number two, the majority of these advertisers only stayed out for the month of july. they came roaring back in august. --ther thing that i happened another thing that i think happened was that advertisers who weren't already facebook advertisers, or who maybe weren't spending as much during

q3 they saw opportunities in when some advertisers pulled out. they filled those slots, and i think that led facebook to have a much better quarter than a thick people expected. emily: that said, facebook is about to have its biggest test, perhaps in company history, making sure it gets through the 2020 election with integrity, that the platform isn't undermined or weaponized. how do you expect facebook to perform on and after november 3? because it is not just election day. we had a guest yesterday that said we have 70 days after november 3 that would really have to worry about. electionnitely uncertainty is going to be weighing on all tech companies that reported today. facebook, as you mentioned, very much in the spotlight for reasons related to

misinformation, disinformation, hate speech, negative sentiments, lots of not good things happening on the content front on facebook. and i do think advertisers need to worry about that, and many are worried about that. there have been a lot more discussions in boardrooms and marketing planning meetings that i have been aware of, where advertisers are asking themselves, how much should we support facebook knowing forward? is this a platform we want our brands to be a part of? they are having those discussions. they are asking those questions. but the interesting thing is, and i think this is why facebook is probably going to end up ok in the end, is because facebook works. it has been that way for quarter after quarter. facebook's audience and number of users is substantial, its ad targeting is incredible. advertisers, at the same time

they tell me they are concerned about the atmosphere of facebook, they also say pretty much in the same breath that they can't live without facebook for business reasons. emily: so why is twitter telling such a different story? user growth is definitely disappointing, when you think people would be joining the service to catch up ahead of the election. deb: that was surprising to us as well. when we looked at our internal quarterly estimates -- we only publish full-your numbers for facebook and twitter, but internally, we track and guess what is going to happen on a quarterly basis. and we thought looking at q2 and have a users twitter gained in q2 that something similar would happen in q3. certainly the amount of discussion and issues and everything in twitter's wheelhouse hasn't stopped it q3 -- stop in q3, so the fact they

gained only one million users in this quarter is something we weren't expecting. on the other hand though, on the revenue side, we didn't think twitter was going to perform as well as they get -- as they data. what i think -- as well as they did. twitter has made strides in being able to better monetize users they brought in in q2. we see twitter with a return of events, twitter has brought in advertisers to support sporting events and things like that, we have seen twitter make progress, and becausee, twitter is the type of advertiser that wants to be in an environment where people are debating and talking and discussing news of the day, twitter has been able to market itself or to successfully is the place for those advertisers to reach those people. so for those types of

advertisers, it has become even more important. the fire from yesterday,lawmakers going mostly jack dorsey's direction despite the fact mark zuckerberg was sitting right there, deb aho willamson, emarketer analyst, we are going to continue to follow these headlines. i will speak with twitter ceo ned siegel tomorrow to get his outlook on the platform through the election in the end of year. that interview 3:30 p.m. eastern time right here on bloomberg television. ♪ coming up, counting the ballots. how to assure u.s. voters that this election will be fair. our conversation with the bipartisan election policy director, coming up next.

♪ the pandemic's driving record numbers of people to vote by mail, a process the president has inaccurately decried as fraud written. -- fraud ridden. counting all the boats could take days or weeks. trigger close, it could lawsuits over arcane procedures of election officials and battleground states. here to discuss counting the vote is matthew weil, bipartisan policy center's elections director. a huge task for you this week, matthew. big question, is the election going to be fair? matthew: the election is going to be fair. we have good people running our elections. people at the state and local level know what they are doing. the most part, these are not

partisan officials. they are doing these jobs in a nonpartisan way. they're going to do everything in accordance with state, federal and local laws, and will have to be remember to be calm. tomay have a day or two eight, but i think we are going to have results fairly quickly and we will be surprised that. emily: fairly quickly? really? how any days you think, worst-case scenario, do you think the captain could take? matthew: if it is -- you think the counting could take? matthew: david is close -- if it is goes in any of these swing states and it takes days to count, that will be the exception not the rule. iselection night, florida already going to have counted most absentee ballots. that is the case in many states. however, some states like pennsylvania, michigan, wisconsin, their laws don't let them start counting absentee

ballots until the day before election day, or election day itself. those states are going to be working through the night. they are not going to sleep on election night. they will put the ballots through high-speed scanners and get it done. and even in those states that can't start until election day, more likely than not we will have pretty good results by wednesday night or thursday. emily: we have seen record numbers of early voters. how does that change the counting process? -- it is true.ue in the 2016 election, 40% of the electorate was early. by any metric internet this year, more than half have already voted early. it does change the calculations for election-night returns. in two orallots come three weeks before election day and in many states, they can signature, do the verification to make sure only eligible voters are submitting ballots, they can sort those

ballots, some states they can even put those ballots into the tabulator and get it ready for counting. boatsabout are just like cast at polling places on election day. in most cases, voters put those directly into ballot scanners. wait forl have to those reports on election day to at those results quickly. we need to see which states can start that process right now and which states are waiting to start that because there laws don't allow them -- because the laws don't allow them to do that. emily: here in silicon valley, we cover the most innovative technology companies in the world. it seems technology is moving at lightning speed, but when it comes to voting technology, it is moving at a snails pace -- at a snail's pace. what is the status of voting technology for the 2020 election? matthew: we have come a long way. is not that long ago, 20 years ago, that we had that scanner,

the infamous butterfly ballot in florida. we don't have those anymore. the helpt, we passed america vote act in 2000 two and rushed america into touchscreen voting. end of think that was probably a failed parent. because we learned it was risky. if we just vote on touch screens, we don't on the paper vote of what happened and we can't recount anything. i didn't in age where we are very concerned about foreign interference in our elections, not having a paper record is problematic. so most voters this year will vote on a paper-based system. that has been the trend a couple years now. voters in the future are going to vote by paper in the future going forward. and that is going to limit innovations for tech. about mobile voting, is that a possibility or would that undermine the integrity of the results? matthew: there are a lot of

concerns about mobile voting, and i share those concerns. past ajust one election confirmed attack on our voting processes by a foreign adversary. dni and fbi the directors said at a conference last week, that russia, china, and iran are still trying to interfere with our elections. so there is a concern about not having a paper back up to the voting process. we will say though that states have the option to try to innovate, and for military voters overseas, they have the ballots transmitted to them in some cases electronically. in some cases, they can return those electronically. some states allow those for voters with disabilities. they can get there absentee ballot in market with a special device, printed and sent it back. so i think there are some innovations, but a fully online mobile voting option is probably not going to happen soon.

emily: fascinating to hear how tech has evolved and all the work you and others are doing across the country to make sure the election is fair and that the results are calculated in a timely manner. matthew weil, bipartisan policy center elections director, thanks for joining us. still had come apple, amazon, facebook, google, twitter earnings. when we come back. this is bloomberg. ♪

♪ ♪ another online marketplace reporting results, ebay slowing in the third quarter, warning investors and online shopping boost from the pandemic is not sustainable.

the president and ceo spoke exclusively with bloomberg's caroline hyde. take a listen. >> what would be great about the quarter we had, 21% gmb growth, 26% revenue growth, added active buyers to 183 million buyers, so we feel well-positioned for the holiday buying season. ebay is great in all kind of economic times. when times are tough, great values on the platform. when times are well, people want to shift to e-commerce and come on the site. we are pleased with where we are. are investors pleased with your quarterly guidance for next quarter? isn't there going to be a slowdown? we know we won't be locked up as much as we were in march, but how do you prove the growth you can hold onto and sustain? jamie: we are in such a dynamic environment right now. .hings are changing daily

we were on a call yesterday as things were shutting down, changes in germany, so a lot of moving parts with the business. but i feel great that our strategy is right on. we are defending our core business, launched new verticals, going after the $500 billion totally addressable .arket we are high single digits and low double digits in terms of penetration. so there is lots of opportunity for us. taking -- iwent want to dig into that low double digits, it is about collectible sneakers, copy machines that get refurbished, you talked about a phenomenal addressable market. how did you zero in on this opportunity? jamie: is the core of ebay. the core of ebay's amazing values and amazing fines, and we have so much opportunity in that space. it is also more than 50% of our gmb and has a lot of growth attention. we are investing in a locked of specific areas. this quarter, we announced a new we arence in watches,

using escrow for watches over $10,000, and we are seeing greater early results. and while that took us months to build, weeks later, we put the same experience in speakers, huge growing market for us. and in sneakers, we are going to authenticate every sneaker sold on the platform over $100, starting with top brands and growing to all sneakers. and what is great about categories like that is that they bring on a younger consumer , the millennial consumer. and when they come on the platform, they not only by sneakers, we see them end up buying in 10 unique categories across the experience. so by investing in this area where ebay is unique because of our consumer spelling -- consumer selling, global footprint, we think we are on the right strategy. caroline: you have been very passionate, jamie, about your relationship with the seller, ensuring they keep coming back to ebay, making payments easier,

striking deals with ups and the like, how do you see the holiday season unfolding for the seller? how do you see the holiday season unfolding for us actually getting our packages? average household has $4000 worth of items they could sell on ebay. it is a big opportunity to bring in what we call the average salary, people like you and i selling on ebay. and this is a great time with people spending more time at home, they may need cash, so ebay is there for them and we are doing a lot to make the selling process easier. and what we see is, when a buyer comes on and tries selling, they become twice as valuable as a buyer because they have tried both parts of the ebay marketplace. we are leaning into consumer selling and making that a big focus. we have 19 million sellers on the platform and are looking to grow that. ebay president and cbm -- president and ceo jamie in on it -- jamie ianonne.

after an hour of focusing on withresults, we wrap up bloomberg global technology editor brad stone. brad, bloomberg beating expectations in the midst of a political climate that has been unfriendly for technology, what do you make it when the disconnect between political issues and their performance? isn't it fun when all the companies reported earnings at the same time? emily: not at all! [laughter] but we have what you need to know. i think the final word, after-hours of stock movement is what it is. but we have seen tech giants continue to meet and exceed even the closest wall street estimates. the great playing field of business even amid the coronavirus continues to tilt in

the direction of big tech. people are spending more time online, with their phones, they can't vacation but they can buy an iphone 12. they can't go out to eat, but they can post to twitter, shop compulsively on amazon, so it is a very good time to be in silicon valley. atly: meantime, looking apple, stock down 4%, investors seeming concerned about the impact in china. i spoke with the cfo of apple who said he is very confident they will grow this quarter in china, and chinese consumers are excited about the new iphones, especially the larger iphones. tim cook reiterated that on the grow confident apple will in china, the 5g advantage china will drive sales. what you make of what is happening there? brad: we have been doing this long enough where you get the .ense of deja vu

i feel like we have been here before. the third quarter for apple tends to be slow. people look ahead to the holiday season and the new iphone models. this was a particularly fourtant year with 5g enand new models of the iphone. china has had 5g for about a year, that is the standard. locked oute huawei of the western markets and making a big play for the chinese markets. it is a combination of those things. the proof for apple in china is going to be the iphone 12 in the fourth quarter. seeing highlights out of amazon. investors don't seem exuberant, so amazon is predicting a huge sales jump in the holiday quarter. also, big and lime -- big employment numbers they seem to be pretty proud of. walk us what their urc -- walk us through what you are seeing. brad: amazon stock is up 70% on

the year, incredible year for the company in a unique position amid the pandemic. people are more comfortable shopping online. one big take away from the amazon earnings report was the number of full and part-time employees. over one million for the first time, a 50% increase on the year. amazon is now the second-largest employer in the u.s., half the number of employee of walmart. jeff bezos is trumpeting the $50 per hour wage, talking about adding 400,000 jobs this year. amazon's reputation as an employer is on the minds of many customers as they hit click on the buy button, so they are trying to trumpet all the things they do for their employees at a time there has been a lot of criticism and pushback on how they can operate during the pandemic, as a question of whether they are keeping employees safe. big test forme, especially google and facebook

the election november 3. could sentiments change dramatically after that for big tech? spote they a stable bright over the next couple months? four years ago we might have answered differently, but the lesson of 2016 after trump one and the sentiment around big tech and social networks changed dramatically. i don't think we know. it is the great unknown. we can say that facebook and google, both of whom exceeded expectations today, do seem to -- the political environment hasn't been great, google got sued by the department of justice, and here they are doing well. emily: hard to believe that in 2016, mark zuckerberg said it was crazy to think facebook could have influenced the election. and look where we are today. thanks for wrapping

that up for us. check out the bloomberg for more headlines out of facebook, apple, amazon, google and twitter. stay tuned for "bloomberg " coming upustralia next. i'm emily chang in san francisco. this is bloomberg. ♪

♪ paul: good morning and welcome to "daybreak australia." i'm paul allen in sydney, counting down to asia's major market opens. shery: good evening from new york. i'm shery ahn. paul: top stories, wall street bounces back after its worst rout in four months as investors sideline virus worries making for better-than-expected eco-data. big tech,