-- sure, there wasn't a tremendous amount, it was just a recap of a lot of things that we already knew. that said, this has mostly been what appears to be good news, in terms of the availability and the positive topline efficacy results from pfizer. we still don't really have any safety information from the company other than a brief line saying there were not major safety signals they observed. the president's comment that the vaccine is safe, i hope that's the case, but we are waiting on the data. the rest of it is mostly just a recap of things we have heard from the administration in the last few weeks and months already. >> there's a lot of politics involved, but what do you make of the timing of this as the president is continuing to claim he won the election, to come out

and only talk about the virus, the vaccine developments, when there is not much that's new. why do this at all on a friday evening? >> i can't answer that. it's good to get out of the house, i guess. been -- announcement about pfizer come a couple of weeks earlier, which to be clear, doesn't appear the science would have allowed, i'm sure we would be talking about a different political landscape. even with that bad timing. it is certainly an achievement for this administration to have been able to help accelerate some of these vaccines, like the vaccineng -- moderna into the final stages, and hopefully the level of emergency approval and access to the american public by the end of the year.

that remains a very big deal if it does go that way. emily: can you clarify for the record what pfizer's involvement was in operation warp speed? they did not get money from the government, saying they misrepresented the involvement. what do we know to be the truth about that? question, andeat it's important we clear it up. a number of companies that have gotten money to the federal government that went towards research and development efforts and manufacturing. capabilities or capital they may not have had in hand, or been able to rest in the middle of this. well-capitalized and has many r&d resources as you could possibly dream about in the world of bio and pharma. they did not do that. what they do do with the

government is an agreement once the vaccine is cleared for use. of the warp speed effort to get the vaccine to the american public faster, but it doesn't involve the ip part of things, the manufacturing part of the things. guess that thea reason pfizer has been quite sensitive about this is as soon as the u.s. government say there is an investor in your r&d or manufacturing process, that's how you get hauled up in the congressional hearing a few years later. this is a sensitive issue for pfizer, an issue of credit taking for this administration. but i think the administration deserves a degree of credit for helping accelerate the many vaccine candidates that are in development, not just the pfizer one. emily: of course, the vice president not just mentioned

pfizer, but moderna, and there would be other company vaccines approved next year, as well. drew armstrong, thank you for your analysis. i want to get a check of the markets. pfizer moving up a bit as the president was speaking. abigail doolittle has been looking at pharma stocks. what did you see? >> not much of a reaction. a bump as president trump was speaking for pfizer, also moderna, astrazeneca, and eli lilly. this is actually a look at the major averages on the week. the we have going on is cyclical rotation everybody has been talking about. 2000, the0, russell s&p 500 closing at a record high. russell 2000 closing at a record high and putting in an all-time high. on the other hand, technology is trading lower. linking it back to the virus, this week's rally was kicked off

by the vaccine -- pfizer's vaccine introduced on monday. even though we could be weeks, months from it being brought to folks in the u.s. and around the world, we have a big risk rally. the fact you have cyclical trade in favor, that really points to the idea that folks think the reopening could be sooner rather than later. the cyclical sector's value will lead more towards reopening. there are names on the week. you can see huge gains. investors rewarding the companies for potentially having the amazing vaccine. moderna will be releasing information. companyy, this is one that has therapy. not a vaccine, but therapy that can help seriously ill patients recover earlier. that's down on the week. we have the after our moves popping a little bit more. especially astrazeneca. 3%.

see stocks, to moving at all is something. so there is movement for these pharmaceutical and other companies. emily: you don't normally get the president coming out on a friday evening in the middle of a contested post election season. abigail doolittle, thank you for monitoring the move that we did see. moments ago, we heard president trump addressing the nation from the rose garden, giving an update on operation warp speed about getting a vaccine out to the united states population. i want to bring in mario parker, who covers the white house and has been following it. the press conference was perhaps more notable. what the president did not say or address, and what he did, he did not concede the election, did not talk about the election or votes at all, what is your take away? >> absolutely. the president also didn't take andtions from very serious

anxious gentleman gathered in yourose garden, as well -- think about operation warp speed, but the elephant in the room is the election and his postelection price the president has put up. take the did opportunity to talk about the economy, which he says is rebounding. the fact that there was no national lockdown. take a quick listen to what he had to say. estimates,g to some a national lockdown cost $50 million a day, and hundreds of thousands of jobs every single day. ideally, we won't go to a lockdown. this administration will not be going to a lockdown. hopefully whatever happens in the future, who knows which administration it will become, time will tell. i can tell you this administration will not go to a lockdown. emily: we know president-elect

biden has a safety first approach he has been advancing. he has not called for a national lockdown. what is your take on what the president had to say? among thes probably news for his remarks, quite honestly. thepresident talked about lockdown, which he has been doing for a while. tore is no way he wanted have the country back to lockdown. he was the cheerleader in the spring for the lockdowns to be lifted. he was hesitant. been touting the economy quite a bit. he's been affirmed by some of the economic numbers. of theplay the clip, one things buried in their is the first sign of uncertainty that we have gotten from the

president. haseast on twitter, he portrayed himself as winning the , casting doubt on the election. making awe get him reference, if you will, to the fact he very well may not be in office come january 20. emily: absolutely. a also tweeted arizona was very close loss. he did use that word. mario parker at the white house, thank you so much for the update. as news conference coming cases and hospitalizations surge for covid-19 across the country. california issued new restrictions about travel. new york has more restrictions potentially going into place around school. we will cover that in this show and follow it. coming up, with the president still not conceding the results

of the u.s. election, others have gone on to prepare for what to expect from joe biden. we will hear from silicon valley, next. this is bloomberg. ♪

10 days after the election, president trump is refusing to concede. his campaign dropped a lawsuit in arizona. many business leaders are of 2021ng anyway as will be a new day. --on levie tweeted even if this is great for american competitiveness, while there is nothing magical biden can do, that's the point. businesses need marketability,

global trade that doesn't change on a whim, talent from everywhere, long range planning, and a lack of constant distractions. that's not even if trump leaves office and america differed it -- bitterly divided by politics will remain. joining me is aaron levie himself. great to have you joining us. you heard the president's news conference. he did not talk about the election. he did come as close as he has so far to conceding by talking about how there would be no national lockdown on his watch, sort of implying there might be a new watch coming in. does thisess leader, uncertainty concerning you, or do you proceed as if joe biden has won this election? >> that's probably the best we will get from the president on this front. it might be an invitation around the thinking as much as you can possibly need right now.

as a business leader, most businesses are able to go through these uncharted waters we are in for the next couple of months, and this election cycle. i am more personally concerned as a citizen around the state of our democracy that we have these challenges. ,usinesses are really shifting imagine a world in january beyond where you have much stronger international comeerships and isolation a greater stimulating on the geopolitical and trade front. i cleared a picture of the long-term position. the immediate health care prices. impactful ismost how we ensure america will be at the forefront of competitiveness in technology. how we think about immigration

reform, how we ensure the future of a privacy and encryption standpoint are right. these are the topics that will be defining over the next couple of years. it will shape the next decades of american competitiveness. hope a do you think and biden administration will mean for the tech industry, given the issues you just laid out that are very important issues for silicon valley? >> first of all, we need to not take for granted that america has been at the forefront of the technology industry since the start of the industry in the first place. companies that created the the current foundation we see today. that should not take position for granted. what we want to do is make sure the next decade, the decade

after that, is next to google, apple soft -- microsoft, apple, that we have the ground for building these companies, able to attract the best talent globally. we don't have such a scarcity in thailand that you don't have to build our operations to scale your businesses. these are the issues that are very highly leveraged decisions made by both the white house and congress to make sure america is in the best position possible for our competitiveness in the future. biden,eful joe especially carrying over the practices the obama administration had, as well as vice president harris, they will be much more thoughtful for what it means for america, technology in the long run, and supporting in the long term. note, biden has not he tells his thoughts on

antitrust, but a lot of companies are facing antitrust scrutiny. google has been sued by the department of justice. 'sinterviewed yelp ceo, who was not shy of his views. take a listen. >> we have been shouting from the rooftops for a very long time that there is a monopoly problem in this country, in particular, a google problem. google has behaved illegally. leveraged its monopoly, innovation, competition, that it's bad for consumers. bad for small business owners. it's great to see some early validation of that from the doj. box competes with large companies like google, microsoft, what do you think? friend, andry good i completely agree with the approach he's taken, but if you

are going to build a startup, you need to have fair rules on the internet how you can compete, get customers, how you can innovate. you want to make sure the really big companies take advantage of the success you have and change the rules down the road that might be successful or change information. so i think that argument is very valid, and something the industry, whether it is the government or not, needs to work through. our business and broader software industry in general, we are moving to an area where we the to have a sense of rights of consumers on the internet. my data, the data i put on different platforms, i know there will be interoperability in these systems, it will be a fair

marketplace for competition to emerge. i think these are incredibly important topics and issues. something the new administration will be thinking on in a significant way. congress is starting down that path. i think the current approach congress is taking is confusing, because it is dealing with a broad set of different topics between internet censorship, marketplace dynamics, and challenges. it will be interesting to see how they navigate through the highlyt and ultimately complex issues. but i think it would be hard to imagine a decade from now any form of regulation and emergence in this industry, given the concentration of power and the significance of technology in the market. aaron levie, the ceo of

box. great to have you on the show. and for stopping by. keep up the tweets. very entertaining. e-commerce jump start trying to take on instagram with new social features in its shopping app. how the ceo plans to outpace the giants, next. this is bloomberg. ♪

emily: launched in 2019, very shop is a new kid on the e-commerce block, but that is not stopping the company, founded by snapchat's former chief officer, to try and take on behemoths like instagram. they are rolling out new social features on their shopping app, which may resemble a lot of what instagram is already doing, aiming to change the way we shop. joining us now is the ceo and cofounder. good to have you back on the show. conditions are ripe for more

e-commerce, but what about social commerce? what hasn't been taken off. >> social commerce is probably the largest opportunity in e-commerce. the reason you haven't seen that before in the u.s., i think in the u.s., people who have tried to create social commerce did not follow the foundation of e-commerce. what do i mean by that? to build a social commerce company, you have to get the e-commerce foundation right. you have to make sure somebody gets the product on time, somebody has an issue, they can call you. all of these things we came to appreciate as an you have to do that. we only focused on court foundation of commerce, now we are rolling out the social commerce. emily: talk about the new social features and how you believe they are differentiated from instagram, and how you intend to compete. >> going back, we have the

backend e-commerce foundation. if you buy something for us, you will have -- a customer experience, we have one of the best scores in the industry. the second thing, if you look at our projects, we build computer fission technologies, we have a content feed. can watch any content created by our brands, influencers, our users, and if you click on any of the content, our computer vision will recognize the product in that content and recommend you similar products you will be able to buy directly from verishop or our sellers. the other thing we are doing is we are democratizing the platform for the brands and stylists. any brands and stylists can come, you can follow your friend, and any content you see will be shot bubble based on the recommendation and the platform. emily: interesting. we will be tracking your

progress over the holidays. many years on wall street, you worked at snapchat for a long time. what is your take on the incoming biden administration, the refusal of the president to concede? other ceos look at this as a series of coming stability, but nothing sure in 2020. infirst of all, i believe american technology, one of the oldest democracies in the world. i believe in our institutions. we believe there will be a transition, new government, and a reallyechnology is important part of the american economy. i'm looking forward to working with the biden administration in any way i can help. emily: how do you think he should weigh in on big tech? you are competing against facebook right now, a company that is very large and in the crosshairs. >> i think the most important

thing is we need to make sure there is fair competition. one of the biggest things we need to make sure with small companies that there is fair competition. i'm not a big fan of creating a lot of regulations for the sake of regulations to slow down the growth of the big companies, but one of the things we need to make sure is that there is always fair competition for everybody. ultimately, the company that executes will win, regardless if they are big or small. that's my point of view. 's ceo, thank you so much. we will check out some of the new features. states, onen some election winner was online betting. covid-19,g cases of that sector might be seen as a safer alternative to casinos. we look at the future of the gaming industry. that is next. this is bloomberg. ♪

this is bloomberg technology. i'm emily chang. dmyfacts keep on coming and technologies just launched its third spac of the year. another foray into gaming which involves a blank check company that reached $272 billion to target companies to create compelling mobile app experiences. with us now is the ceo and cofounder of the group. good to have you back on the ship. how confident are you that the right opportunity exists given all the spac's out there? >> that's a good question. i have done three this year.

we have found our first transaction in five months. the second one was in 2.5 months. we have a really strong pipeline because, as you know, i'm still the chairman of blue mobile. i was the ceo for a better part of a decade. i have done about six public companies on both sides of the atlantic as a whole generation of entrepreneurs that have grown up that i have kept in touch with and we just keep our pipeline going, tracking companies that we think and be two or three years away from an ipo. we provide a lot of advantages, alternative paths to going public. certainty, forward-looking statements, a great board, and a lot of liquidity. i feel like we are a bit of a pioneer with our gaming spac. gaming but probably going down than into the tech spac, the layer's of the phone that support the ultimate consumer

expression. emily: so, that said, what kind of asset are you targeting? what kind of deal should we expect given your long history in the gaming industry and where you see opportunity? niccolo: we transacted in the gambling space. we're bringing public the number one online casino offerings -- a great business is a free to play company that operates at that kind of speed but in the gambling space. a really impressive company. two was a fast company in the sports betting business. -- ahave the benefits by couple weeks ago. more states are legalizing betting and casinos. dmy3, we are looking into deeper tech. what is the next generation of computing that underpins the future of the mobile technology ecosystem? what's happening in the cloud,

ai computing? potentially what's happening in quantum computing. we think all of these trends are driving the next level of innovation in the mobile ecosystem. emily: we have seen over $60 billion raised in spac capital this year. there will be winners and losers. what did you say to the critics who say these are assets that private equity passed over, and a number of these are going to underperform? niccolo: goldman sachs is our underwriter for all three of our spac's. we are privileged to work with them. i think quality begets quality. we like to think of ourselves as the platinum quality sponsor team in our range of $1 billion to $2 billion of enterprise value. we think goldman is the number one tech ipo franchise on wall street. together, we have been able to track high quality companies. every deal we have done, warren buffett would be proud of in the

sense you close your eyes, come back in five years, 10 years, the business will be worth five times, 10 times what it is today because of incredible barriers to entry. tech advantage and impressive management teams. three years ago, i think spac's might have been a little of a curiosity. this year, you have seen some really impressive companies coming up, in particular with goldman sachs. sponsor teams that have upped the bar on quality. i think there's a virtuous circle where quality sponsors quality underwriters which attract quality assets and they attract quality investors. fidelity led the piped in our first spac deal. they're obviously no spring chicken. end of the day, i think we are firmly entrenched as a phenomena as an ipo path. spacf ecm volume has been ipo's in 2020.

emily: some compelling counterpoints, i will acknowledge. we will be watching to see if you can go three for three. niccolo de masi, dmy cofounder and ceo. good to have you back with us. staying with apps catering to a user experience, bumble, the dating app known where women make the first move, received a major stake from the private equity group blackstone. also, the company is tapping goldman sachs and citigroup for a possible ipo. i sat down with the ceo and cofounder. we talked about what kind of resources and access blackstone has afforded her. >> our partnership with blackstone is absolutely incredible. i have so much respect and admiration to the team there for their leadership, further incredible support -- for their incredible support and championing us, both as a team

and business. it has really been the highlight of my entire career with -- to work with blackstone. it has been a remarkable success story, from a private equity and high-growth tech business standpoint, and are not so many of those. it was a bit of a unique match, but it has been absolutely sensational. they have really given us a wide range of resources and support, ranging from helping us scale our talent to placing our board, to helping us dig deeper into data analytics and really doubling down on privacy and security. coming in and really helping us just really further accelerate the business from every side. i have a great partnership with the folks over there. it has really been a remarkable opportunity. emily: there has been talk about an ipo, six billing dollar to a billion-dollar ipo. does blackstone's involvement

change the path forward? theney: i cannot comment on future prospect of a potential ipo, but i can tell you that we are working hand-in-hand every day, blackstone and bumble, to pursue the best future outcome for the business. and we love our partnership and we stay very close on all future potential opportunities. we are i high-growth business so we are exploring all options. emily: tinder is now your competition. so why should people use bumble when there are now pickier flavor? flavor, all these other options out there? aitney: we believe the way relationship starts is very suggestive of how it will end. we're really trying to recalibrate the way relationships begin so they can become more healthy, more equitable, more long-lasting. when a woman makes the first

move, she really establishes antrol and has, you know, equal footing from the very first hello. that is what we really fundamentally believe sets us apart from a product standpoint. it if you saw the same person on five products, on bumble, saying hello first changes the course of the way that relationship will go and the way that conversation will go. it really does promote more healthy and equitable relationships for all. emily: any dating app has the problem that once you create a successful match, those people don't need the app anymore, certainly don't have to pay a subscription. how do you reconcile that and keep making money? whitney: that is an issue for certain dating apps, but we are not just a dating app. we offer so many verticals inside our product and we see that our users and our customers really come for more than just dating. we have a large sector of our user base that comes and uses all three modes, which is

dating, friend finding, and business opportunities. even if they have success in dating, there's a high chance they will come and look for a new friend, a yoga buddy, a fitness partner, a new mom frie nd, somebody to go out with. somebody to talk about shared struggles or joys with, and maybe even try to start a business with someone they meet. this is so much more than a dating app. this is truly the platform to find relationships and not just ones that are rooted in love. emily: does that mean you are competing with instagram and facebook and tiktok and snapchat, and how do you compete? whitney: what is interesting about the instagrams and facebooks of the world, you are communicating with your friends. that is the place you were keeping in touch with the network you already have. you are commenting on friends' photos and a changing updates with one another. bumble connects people you don't know yet.

bumble is what comes before social media. this is what is giving you a network. this is expending your opportunities of who you know. this is introducing you to new people. then down the road, you can engage with those folks on other social media platforms. so, facebook is the people you know. bumble is the people you don't. wolfe bumble seal whitney herd. you can catch more of that conversation in a special bloomberg studio 1.0 coming up soon. all right, next, twitter and robinhood are just two among the companies suffering from cyberattacks in this extended work from home period, while the world is on lockdown. we will talk to the ceo of identity protection company about how they are defending businesses increasingly threatened around the world. ♪

emily: identity protection has become more important than ever as millions of people continue to work from home and more businesses transition to the digital world. recently, robinhood made headlines when bloomberg learned access to more than 10,000 email login credentials allegedly tied to robinhood accounts were available for sale. one company working to improve identity protection is ping identity. andre duran joins us for more. curious how covid and the transition with sony companies working from home has impacted your business. andre: it is great to be here and thank you. certainly, identity security has become more central now with

covid. i think everyone's realizing they need to remain secure, but they are no longer on their work laptops or work computers in their buildings or on their networks. put a lot of focus on making sure that the strong authentication is occurring. to make sure the right users are logging in and a lot of focus has been put on secure authentication. are importantly, now they making sure they can access those applications that need to access. a lot of them are back in the data center. some of them are on the mainframe. identity has become a linchpin of this new remote working world. emily: so, what are the biggest threats that you see right now given that it looks like we are going to be in this state of limbo for some time? andre: well, this is not new, but companies that have not to protectswords

both their users and their applications, it turns out passwords are still the weakest link both in our security as well as our identity security. the really needs to be a major push right now to put multifactor authentication on top of access to all applications. i think this is especially true now in this remote working environment. on to aow as we move new administration, even though the president refuses to concede, privacy regulation will likely be something that the biden administration is going to have to wait in on. what are your thoughts on privacy regulations for big tech ? andre: it's happening. there is privacy legislation either already in place or actively being worked on in over 123 countries. i think we have all experienced as consumers the erosion or

invasion of privacy with all of our new always on devices that kind of surround us. move tore seeing a counteract some of that. we are seeing companies become much more diligent around how they collect consent to share information about us. and, they also have to install capabilities to ensure that when they are sharing information about us, that, a, they have they areand b, sharing the right information. all of that is in the realm of ping allows our customers to do to make sure they are protecting the identity and the privacy of their individuals. i think if you look forward now, there is some real breakthrough technologies that will be introduced that give users more control over their identity, then subsequently, more control over when, where and how and with who they choose to

share that information. i'm super excited about that. emily: definitely will be watching. andre durand, thank you for joining us. ok, still ahead, spacex and nasa preparing to launch the first commercial taxi to the international space station, signaling a new era in human spaceflight. we will look ahead to sunday's lift off, next. this is bloomberg. ♪

emily: the international space station is about to get more crowded. on sunday, nasa will launch for astronauts aboard a spacex dragon capsule in the company's first regular crew rotation to the orbiting lab. i want to bring it ed ludlow who has been following this. what are you watching when it comes to this launch? ed: this is going to be incredible. a 27 hour journey from earth to the international space station. four astronauts. it is the first time nasa has

certified carrying humans to the space station since the shuttle was retired in 2011. spacex did that test with two astronauts over the summer. it was a success. millions of people tuned in. if you are fascinated by space exploration, if you are fully and to the romans around space and rockets, this is one that millions will be watching as well. the astronauts that are taking the trip have positioned it as a next step towards human flight to the moon and tomorrow's. this really is a big deal and really exciting. millions are excited to tune in around the world. emily: that set, what is also a big deal is that elon musk is saying he has tested positive for covid, but also negative for covid. kveta potentially compromise this mission? c : elon musk, the space x x chief, did four tests. two tested positive and to

tested negative. the point is elon musk may have covid-19 and has emboldened this operation. nasa says they are not concerned. they are conducting contact tracing. as it stands, the mission is not in jeopardy because they don't believe the astronauts came in contact with musk or anyone that may have. but they are taking necessary precautions. emily: so, does he have covid or not? we don't know? ed: we don't know. fullpect him to take the test over the weekend. we are waiting on results. the thing is he called it bogus as you can see. elon musk has long been a covid skeptic. he has also played down the reality of the virus but has proven wrong. we wait for official confirmation whether he has covid weror not. emily: i want to pivot to

some of the work you have been doing in cars. you spoke to a ford executive about e.v. developments. tell us more about that. ed: this is all about commercial vehicles. when it comes to electric vehicles, with think about passenger cars, but there are millions of us driving passion or vehicles. delivery vans, whether you are a florist or plumber or trades person, ford released a low range electric transit. this is what their american president had to say. there's going to be a very important role for autonomy in the package delivery business. it could take many different working very are hard on solving all these difficult challenges that come with having the drive itself.

we are still committed to having a vehicle out there -- it will go in stages. at the beginning, it will be something that is fast. something that may work only in good weather. we are well on that path to delivery vehicle that can be used in a commercial application like this one. ed: there's an interesting dynamic between fort, amazon and riviera. ford already sells gas or combustion engine transit to amazon. 100,000as an order for factory electric delivery vans. ford has its own battery electric delivery van. how will that play out in the future? ford is also an investor in rivian. >> we have a good relationship with that company. and they have a major partner in amazon as well. our commercial business is very broad. we sell to multiple fleets.

large fleets, small business fleets, medium-sized fleets. is targeted at those customers that have multiple different needs. not just package delivery. amazon and a few other companies are very focused on package delivery. we work with fleets that can be construction, mining, small businesses like plumbers and florists. all of those are looking to reduce their carbon footprint and have a vehicle that is flexible, that is usable, that has lower cost of maintenance. ed: the transit e.v. is just the next step in part of the process to electrify more of your models. you have the mustang rolling off the production line. the electric version of the f-150. you're in the business of making money.

talk to me about the prof ability of those electric vehicles versus the combustion engine predecessors. specifically, what are the margins like on electric vehicles versus those former gas models? questionvery complex because there are so many different inputs going into it. we example, the transit, priced at undeer $45,000. there are so many other benefits for a small business or medium-sized fleet or even a larger fleet that comes with it. it is not just the fact that the propulsion system has gone from internal combustion to battery electric. can offervehicle, we all kinds of other business solutions to our customers, to our commercial services. margins, if you look at it purely f, for us, from a propulsion system to a propulsion system, they are

worse because the battery and the motor and the control system -- if you put it all together, versus an internal engine, that cost to the battery electric is higher. but, we believe by offering a more holistic solution to our customers with these vehicles, we can make a very substantial business case, especially in commercial place like transit. galhotra, president of america's for ford. thank you for that report. we will be following your coverage of spacex this weekend. that does it for this edition of bloomberg technology. bloomberg's new economy forum starts on monday, bringing together global leaders from east and west to talk about building an inclusive and sustainable economy in a post-covid world. you can watch it at new economyforum.com, bloomberg.com and on the terminal via live go.

next, wall street week with our own david westin. his guests talking about president-elect biden's economic priorities and the consequences of the surge in covid-19. that is next. this is bloomberg. ♪ when you switch to xfinity mobile,

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on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. with aa glass half-full, new president and a vaccine on the horizon. this is bloomberg wall street week. i'm david westin. this week, contributors larry summers of harvard. and afsaneh beschloss of rock creek. former federal reserve governor dan tarullo of harvard. nobel laureate paul romer of nyu. paul: there is something deeper structural that we have to address. david: steve rattner of willette advisors. and tom and of bank of america. >> the generations that are coming up want this. they want us to do esg. >> all of them are asking about this.