vonnie: i am vonnie quinn in new york. this is bloomberg technology. coming up next into the next hour, the president vetoes the bill. congress where lawmakers must decide whether to override that veto. we will have the latest.

plus, uber's top lawyer shared we will hear from tony west on the aftermath of prop 22. uber drivers qualify as essential workers before the general public. and, flying, security cameras. we get a read on the big consumer technology expected to make a splash in 2021. these stories in moments. first, u.s. stocks broke a three-day losing streak even as uncertainty surrounded president trump's demand for changes. let's get to abigail doolittle. president trump of this legislation and that is making a difference. abigail: it is. never a dull day so many headlines including that one. president trump saying he may want changes to the stimulus bill. markets looking past that. markets look past

these later headlines with president trump as well. stocks did not do all that much. into the close, a bit of a leg while her. it is on clear if it has today with president trump vetoing the bill or if it is to do with investors taking profits off the table into the close. a little bit of a mixed close. the s&p 500 up slightly. the nasdaq down pretty solidly. the nasdaq 100 down half a percent. --t speaks to this year's the fourth quarter's reflationary open trade. the russell 2000 hitting a new all-time high. tech this year, defense. that was what was filled up. you have the banks and energy leading it. take a look at the movers. jp morgan was the top stock for the s&p 500. marathon oil up 7.9 percent. those were the top sectors. sector. the worst

microsoft, one of the big drags. a true stay-at-home stock. technology stock. netflix down 2.4%. you have investors going toward reflation. going away from technology. speaking of tesla and electric vehicles, tesla had its first update in three after being added to the s&p 500. la lost a contract for electric dump trucks. investors dumping the stock. vonnie: we are going to continue speaking about vehicles, a letter vehicles and more. thank you for that. vetoto president trump's of the defense spending bill. part of that comes from his demand of section 230 of the 1996 decency act. this is a legal shield used by many tech companies. with more on that and the big story this week and elon musk pursuing outrage to apple to buy tesla is our web securities

analyst. let's start right there. we had the announcement this week. apple speaking about a car that is coming. we had elon musk replying to a tweet about apple's batteries and what might actually happen. do you say that a partnership between the two might still be possible? >> my opinion for apple to dive ,nto the deep end of the pool it is likely to do a partnership or collaboration. and vw are two top candidates. this is a trillion dollar market . it is something were apple is not going to be on the outside looking in. they are going to get into evs. i did not see them producing their own automobiles over the coming years. initially it starts with a partnership. i view apple and tesla as the perfect match. vonnie: how do you view elon

musk's response to a tweet saying he had approached tim cook who had not even taken a meeting when tesla was a 10th of the price it is now? >> i think it was a different story. 13,go back to do thousand 2014, i do 2013, believe in terms of apple, they have to pick the right partner in collaboration. tesla right now in terms of the ev market, it is tesla's world and everybody else is paying rent. it is only 3% over automobiles. you arewhy right now, going to see every major tech player try to get a piece of the ev pie. it is similar to what they are doing in china. how much difference does it make to the stock to be included in the s&p 500 in the

medium-term? does it hold onto the gains it has made? >> not necessarily this part of the negative trend. it is a must in terms of profitability. really, i think it legitimizes what tesla has done not just from growth but from profitability. going forward in terms of what we have seen in ev's, especially after they go after demand more and more in china, the s&p takes out a question mark as a name. you go back to early september, that was a head scratcher when they did not get into the s&p 500. you sell the para dollars -- the parabolic run. as a $1000 bull case on tesla. vonnie: back to apple because we have the ev story this week and some analysts and investors are saying this is a 2025 or later

story. some saying it could be a lot sooner. you also have a top 10 christmas list for investors. give us one or two more christmas wishes. >> for our christmas wish list, it is the super cycle. iphone 12 five, we believe it is a real super cycle. it can be a 240, 2 hundred 50 million units. that would be a record, surprising iphone 6. that is key to the stock. in 2000 look at product 21, they finally unveil apple glasses. that is the technology that will be embedded in the classes. -- the glasses. they announced that in 2021. -- they announce that in 2021. a year from now, this is north of potentially $200 stock. that is the bull case. vonnie: once again, you maintain that we could see an apple car when?

actually on the streets. > i believe on the streets, 2023. potentially 2024. i believe a partnership, laying the groundwork for that, we see that over the next year in terms of the strategic collaboration. vonnie: i want to mention section 230 and get your thoughts on where you think this fight might go. president trump vetoing the defense spending bill. he said he wants to attach to the defending -- the defense measure the provision to eliminate the agency act. that particular measure products tech companies from liability on most content published from their users. does that happen? >> i'll think it happens. it does speak to more pressure on 230. it is going to be a ufc battle in the beltway about this. investors are viewing this as a contained risky, but it speaks to this broader topic where we

are going to see big tech versus the beltway. even with a biden administration coming in, that is going to be a theme, not just on potential break up her overall pressures, but you are seeing a lot of these tech giants. they are going to be spending a lot of time in the teedo to area code chair -- the two area code. vonnie: we have the chairman of the armed services committee saying that president trump's complaints about tech liability could be addressed in different legislation. we do not know what the result of the runoff will be, but for example, if republicans have more power, is it possible that it comes up soon within the first 100 days of a biden administration? >> i think within the first 100 days, this is going to be a big topic because as we are seeing, not just from a tech perspective but from a consumer perspective, it is becoming more and more of a debate. a0 continues to be

battleground. i think social media companies are watching this with a close eye. investors are watching it. this is the first step of a broader battle that we see between big tech and also the e.u., which to one extent has some sharper teeth when it comes to regulation. vonnie: investors getting a little antsy. definitely going to make 2021 a year to remember. if you had to guess, when do you think it might become difficult for the tech companies in d.c.? they have had a couple months to take a breather. >> as we start to get especially with the new congress, regulation is going to be more of a focus. you have the doj suit, which will make its way through court. the bigger question is, is it fines or business model tweaks? one thing having a real impact even today is these tech

companies, they cannot make acquisitions today. hamstrungnue to be with a closer eye in terms of their business model changes. that is something that companies like microsoft could take advantage of because they are not necessarily handcuffed when it comes to beltway pressure. i can see microsoft getting a lot more aggressive going after some of the traditional names like amazon and google. vonnie: always a pleasure. their educational speaking with you. securities.wedbush there are still traffic jams to maneuver for uber. we will discuss what legal issues are threatening the company's operating license. this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution.

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vonnie: the gig economy struggled in november when california passed prop 22. a law allowing companies such as uber, doordash and lyft to continue classifying workers as independent contractors. the state of california is requesting the ride-hailing company to turn over information on witnesses to alleged incidents of sexual harassment and assault or risk losing their operating license. uber's me to discuss is chief legal officer. thank you for joining bloomberg technology this evening. uber tot it easier for comply with all of these state regulations and state laws?

why fight this when it costs money, it costs time and ultimately you may have to hand over all this information anyway? >> actually, we do comply and we do hand over information every year. it is easy to semper fi this issue as uber against it -- to simplify this issue as uber against a regulator. it is about protecting a survivor's right to consent and privacy. it is also about discouraging -- not discouraging other companies to take steps to -- as about being transparent like uber has been and having hard conversations that you can actually make a difference and make the platform saver. this is not about not wanting to turn over information. this is about turning over information but doing it in a way that protects survivors of sexual violence. vonnie: speaking of protection, california' coronaviruss

advisory council met to figure out a timeline for who should get the virus when chaired what is uber doing -- get the virus when. what is uber doing to advocate for its workers? >> one of the great things about the uber platform is it can be used to encourage the widespread adoption of the covid-19 vaccine. it is something we have been advocating for for a while now, that drivers and couriers who have been on the front lines, we wanted them to receive some kind of priority so they and their families can be protected. we were pleased to see over the weekend the cdc recommended drivers and couriers be treated workers and have access to the vaccine behind health care workers and elderly individuals. we have committed 10 million free or discounted rides to ensure transportation is not a barrier to anyone getting the vaccine. we are kicking off this effort in partnership with the national urban league, the morehouse

school of medicine, these are organizations with the deep ties in communities of color, which have been disproportionately impacted by the pandemic. we are pleased to be a part of not only the economic story but we want to be part of the health recovery stories. for your employees, you mentioned the cdc had recommended these be classified as essential workers. have you advocated in any part on behalf of your own employees and you have any answers from california as to when they might expect to get vaccinated? >> just declare for, it is not employees but for drivers and couriers. the hundreds and thousands of drivers and couriers who are on the platform. we were advocating for them to be treated as essential workers. we believe in terms of anybody else, we ought to wait our turn to get the vaccine. on the front lines

serving communities as drivers have been doing, delivering food as couriers have been doing, we thank that kind of heroic -- we think that kind of heroic effort also put you in a priority category. the cdc has recommended those drivers and couriers be treated as a central workers and have access to the vaccine behind health care workers and elderly individuals. vonnie: how many coronavirus tests have you been providing to your drivers and couriers and how much have you spent on that effort? >> we have spent an awful lot of money on the covid response. we were one of the first companies to step up back in march as soon it was -- as soon as it was clear that this pandemic was widespread to make sure that drivers and couriers on the platform had easy access to telehealth services, to be able to get covid tests easily. we wanted to make sure they had ppe, personal protective

equipment so they could continue to do their job and earn at a time when there was widespread unemployment. people were being laid off. earners on the platform were able to continue to earn critical, crucial dollars to survive. in part because we were providing free of charge this personal protective equipment. i don'thave seen it -- know if you have been in and uber lately but you may have seen the plastic barrier. we had a good partnership with clorox to provide sanitary wipes, gloves, things that would not only make sure riders felt safe at that drivers felt safe continuing to work on the platform. vonnie: do you have a dollar amount you can share with us as to what that might have caused? >> i'm not going to share it here. as it is part of the disclosure, i am sure we will make when we announce our quarterly earnings. vonnie: what are your plans for

the next california legislative session? i imagine your thrilled prop 22 is out of the way. what is next? end.op 22 is not the it is the beginning of a conversation about how we can improve and up the level of quality of independent work. one of the things that was absolutely clear in this election is that independent workers said, we reject the status quo. we do not believe we have to choose between the independence and flexibility that working on a platform like uber or other platforms provides. making a choice between doing that and the benefits and security one can get out of traditional employment. the ought to be able to have both. we ought to be able to provide both. that has been the aim of this whole conversation. prop 22 was one of the important milestones in that conversation where voters heard the voices of

earners on the platform of drivers and couriers on the platform saying, we want to choose independence, but we went that independence to cut -- but we want that independence to come with benefits. forward to doing even more to enhance the quality of independent work should i do have to -- independent work. vonnie: i have to ask you on a personal note, you have a relationship with the administration and coming. there are a couple of positions to be filled including attorney. have you had any conversations? >> no, i have not had any conversations at all about that. i will tell you this. all this speculation is definitely flattering but the reality -- it is flattering because i love the department of justice. i spent half my career there. i have a great deal of respect for the men and women who are career attorneys there, but the reality is president biden --

and i have every confidence president-elect biden will be able to make the right decision only about that decision but as we have seen throughout the other cabinet positions he has filled, he has made the right decision not only for those departments but also for the country. i believe that will continue. vonnie: we will keep an i out for any announcements now or in the future. thank you for joining eyes. tony west's chief legal officer at uber. coming up, we will be taking a look at the top tech trends and products to watch in the next year. this is bloomberg. ♪ the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [laughter]

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>> it was a huge year for gadgets with apple, amazon google, sony and others popping up some of their most popular products today. 2021 is sure to be another strong year for the industry. virtual and augmented reality products are sure to take a leap with apple planning to announce its first mixed vr and ar headsets as early as the end of 2021. apple looked into great sci-fi level vr communication like zoom on steroids and immersive gaming on its first headset, a precursor to a future pair of glasses. apple is also developing several new macs for next year. custom chips that are designed to outpaced the highest parts from intel. new apple tv's and ipad pro with a new chip and i've found that integrate and in screen fingerprint sensor also in the cards. google will fully integrate quip

it into the company next year. one could expect upgrades on the smartwatch side of the industry. look for the company to drive a bunch of new ai features and to continue its trend of pushing down the price of its pixel fines. a strategy that has proved popular in recent months. microsoft is preparing new surface tablets and laptops. the company needs to decide how they can turn its surface duo, multiple tablet phone combo into a winning product. so far, reviews have been poor. security is coming in the coming months. it is working to figure out more places it can jam alexa into people's lives. besides consumer gadgets, you can bet on bigger pushes across the tech landscape in artificial intelligence, machine learning, 5g connectivity and autonomous driving. pandemic's ongoing

impacts into the new year, expect communication tools like zoom to grow with even more features and other companies stepping up to take on work from home technologies. ♪

technology. -- this is bloomberg technology. missiles, the way that countries attack each other has evolved over thousands of years as the latest of weapons are computers. they have sent shockwaves through the united states government and private sector. that much still remains unclear. joining me now for more insight is the managing director at the cyber readiness center. thatoncerned are you

beyond being cyber ready, we are not at all cyber ready? many agencies and companies have been hacked and continue to be at risk from this. >> this attack is certainly concerning. we are in the discovery phase of understanding what has happened. what we know is that it is far-reaching. recently, we heard some talk about the blast radius. this is far worse than anything we would have seen from officials and governments. as we are figuring all this out, we have to be prepared to note that the adversaries on our networks and we also have to be operating. that puts us in a very challenging position. >> is this to oust the malware? >> it is a great question. this is one of the emerging themes.

the united states government, in collaboration with industry have to do this together. not one sector or the other can do it by themselves. one of the things that improved over the last for years as we have seen the intelligent sector with cyberspace that the government doesn't have -- the recovery, the response, the remediation has to be done with -- industry,rnment government collaboration. president-- vonnie: trump does not seem very motivated to get to the bottom of this. how fast will joe biden need to work? the president's silence on this has been deafening. the good news is there are workers in the department of

homeland security and the national security agency that can defend infrastructure within governments that are working tirelessly on this. cybersecurity is a priority. the biting administration will come in knowing it is a priority. if there is a silver lining to all of this, make the mistake, we have to put our resources together to focus on cybersecurity for the next year. the discovery phase is broad and we are still figuring out what has been lost but more important, what is the intent? a caseclassifying it as of espionage. with espionage right up to the point that malware on one of the

networks gets activated and seeks to destroy our critical infrastructure, i think that is one of the most challenging pieces of any cyber attack if you don't know the intent and it can be a long-term impact. we are still figuring all of that out. vonnie: what was it that determined it was russia? ,ow that we know that it was what do we know about the attacker? >> we are still confirming specifically that it is a hacking agency. ando this on the tactics the procedures used by the adversary. what is unique about this attack and one of the reasons why we were not able to detect it sooner is because the tactics, techniques and procedures were different than those used by this adversary before. we are collecting intelligence, certainly the experts who have been studying this adversary for

years, everyone seems to believe that it is this russian hacking group and i think as we look at this, it is important to understand how tactics can evolve and that we have to prepare for that which we have not expected. that is one of the key pieces to this event. >> is there any doubt in your beyond justis goes being mischief? that there are acts of intelligence being gathered here? >> there is a recklessness to this, a broad reaching impact. this is targeting specific agencies within government that have a lot of power and a lot of impact. as we look at this, the speculation is that this could be one of the most significant cyberattacks on our government

in modern history. if those defending against the attacks are vulnerable, what do we do next? recognize isis to that no company, no sector can do this on its own. the government and industry have to work together before something like this happens. there is something called preevent planning. this is how they can connect the and bring together all the resources to determine what is happening so that we can be ahead of that. we have to do a better job defending our networks. to do what they are setting out to do. as we look to the next administration, there has to be an investment in our defense as well as our offense. it is not either or, we have to

work on those together. what this has shown in a stark white is that we have to focus on supply chain security, understanding how to make our supply chains more secure and more resilient. vonnie: thank you very much. coming up, where the u.s. and the rest of the world stand in the rolling out of the much covid-19 vaccine. we will have the latest, this is bloomberg. ♪

the u.s. now leads the world in covid-19 vaccine shot administered. the cdc says more than one million people have been inoculated in the 10 days since the first doses are cleared. in six2.6 million people countries have received the shot. the u.k. prime minister, -- more than 2.6 million people in six countries have received the shot. let's bring in our health care reporter. bob, thank you for joining. now we have several vaccines on the move as it were. does it mean we won't get our excess -- won't get access to these vaccines any quicker? bob: right now, these vaccines are still interested in the u.s.. we are vaccinating health-care

workers and nursing home residents. the vaccinated people in 230 facilities in the u.s.. the u.s. just signed a deal with pfizer. this is not really done until july 31. supply is ramping up but right now, this is the very beginning of a long campaign. and getting all of those shots in the arms will be very difficult and a complicated this tradition process. -- distribution process. vonnie: all of these doses, that is actually 100 million people vaccinated, will that be enough between that vaccine and moderna we can buy from to provide vaccines for whoever

wants them in the united states? >> between moderna and pfizer, they have ordered 2 million doses each. that is not enough for the entire u.s. population. that is around 328 million people. -- there is another vaccine from johnson & johnson. moving along. that the case loading is so high. if that works, it could arrive in late january, early february. that kind of timeframe. that would be enough. >> even as we get fantastic news , we are still obviously seeing

these things that we have not seen since april and may in the u.s.. i know that you worked on a story about the china covid vaccine that we heard a bit about. it is not at all as effective as the moderna and pfizer one. bob: what is going on with that vaccine is it is really murky. there is a big trial in brazil. that is the biggest trial of that vaccine. 13,000 patients in brazil. as i understand it, what has happened is someone at the last said it is effective enough for emergency authorization, more than 50% effective. but that is quite a bit different from the mrna vaccines. reviewher company has to

results from the last 15 days. it is just not clear what is are okn if the results but not that great. so much fork you joining us and keeping us up-to-date on all this news. covering, one of the key public officials that has been vaccinated is dr. anthony fauci. he spoke earlier with bloomberg's and david about -- bloomberg's david. dr. fauci: for five or six hours after the injection, i did not feel anything at all, less than a flu vaccine. then late afternoon and early evening, i started to get a little bit of an ache, nothing to distract me or bother me. just something that if i press

on it, you can feel it. i had a good night of sleep last night. i did not get a lot of muscle aches or anything. i felt like there was something going on. maybe a little warm and a little flushed. i woke up this morning and i feel perfectly fine. -- spot of the objection injection site is still a little sore. not distractingly but baseline, borderline. >> if there were side effects, how quickly with a kick in? thefauci: they all occur in first 12 hours and last at most 24 or 36 hours. it is extremely unusual for someone to have something beyond 36 or 48 hours. david: you were a physician treating patients but you wanted it to billy represented people that it is safe, we don't worry about it. do you sense there is much

resistance to the vaccination program? it is getting better, when we did a survey a month or two ago, almost 50% of the people had reservations or skepticism about getting vaccinated. the last survey that was just last week, they said that within 65% of the people said they would be willing to get the vaccine. evenally want to get that higher than that. get anywhere between 70 and 80 5% of the population vaccinated, you would create an umbrella of immunity over the community which could really get the level of viruses so low that it would not be a threat. then you could answer the question that everyone seems to be asking. when can we start approaching some degree of normality? when can we be doing things like

having the children in school? going to a restaurant? sitting indoors or going to a movie theater? i think if we thought getting the general population vaccinated by mid april, between now and then, we are going through the various priorities. andth care providers nursing homes and these facilities. the second level is people over -- that coulduals be anything from a police officer to a fireman to someone who runs a grocery store so people can get food. when you get through those priorities and you get to what i call open season like anybody could get the vaccination even though you're not in a priority group, i imagine that will be sometime in april. if we can really get vaccines

going in april, may, june, july and august, i the time we get to the end of the summer, i think we can get to that goal i am talking about getting the overwhelming majority of the population vaccinated. vonnie: that was dr. anthony fauci, the director of the institute of infectious diseases. the, we will take a look at videogame cyberpunk 2077. gaming trends in general for 2021, next. ♪

the futuristic role-playing game cyberpunk 2077 suffered a

massive backlash since the hotly anticipated debut in december. cyberpunk is plagued by bugs that reviewers and gamers say make the game nearly unplayable on previous generation consoles. sony pulled to the title from the playstation store and offers full refunds along with microsoft. the company has been criticized over unrealistic deadlines leading up to its release. for more on what lies ahead in 2021 for the gaming industry, we are joined by the cofounder and ceo of girls make games, a series of summer camps and workshops and game camps inspired to help the next generation of creators. it must be exceedingly disappointing. when a game like this that is supposed to be so great comes

out and is considered an unplayable game. -- much damages that do damage does that do to the company? >> i can't talk about the damage to the company but i can talk about how increasingly complex cycles have become. there was a time when a $20 million budget was considered a massive game and no games have exceeded 100 million-dollar dollar budgets over and over with thousands of people working on them for years and months at a time. beennticipation has building over time. unfortunately, the game was not ready to be launched. the playeready for experience. it is evident in the response but that is a reality of the game development world we live in right now. any otherke entertainment form that we have. it is not like a movie or tv show.

there are thousands of ways that players can interact. given the variety of gamers that are out there, the variety of play styles that people have, the game can be interactive in an hundred million ways. -- in a hundred million ways. as an educator, it is something that i talk to my kids all the time. you have to understand how complex it is to make the game. vonnie: these industry -- this industry has grown so much. it is people watching people play. obviously, we are seeing both men, women, boys, girls, everybody get involved in this. but there are questions around visitation of women and things ine inclusivity for all games. how are you taking that on with girls that show an interest in this kind of environment? this is a topic that

is very close to my heart. that is why we started girls make games. 50% of the gamers out there are women but less than 20% get to make video games. gap isresentation massive. when it comes to any media or art form like video games, the voice of it is the art. if it is men making games, they will show more men into the video games. we have to introduce young women to careers in gaming and show them that this is a possibility that they could pursue as they grow up. as more women become developers, we will see more diverse characters. representatives of the actual gaming consumer population in the games themselves. it is not a good place just yet to say thatlike

girls make games should go extinct over time but we are not there yet. a long timet taking in this arena. what is the interest in girls that come through your town in being more than a spectator or a player? massive interest. girls are interested in everything that goes into making a video from the storytelling to making environments that are creative and unique. none of the best things about videogames is you get to think your own story and live a story as opposed to just watching it. watching other people by your game and interact with it and explore it is just a magical. one of the biggest things we see a camp is it is not necessarily the coding that gets the girls in but it is the design and

narrative depart of gaming development. vonnie: i have to ask you on a separate note with the games you're looking forward to next you are. are.xt year i >> >> am looking forward to halo. -- >> i am looking forward to halo. been illegalily ledges player. that is something i look forward to every year, the annual competitions. the championships next year will be exciting. >> we will follow your success in all of those games. thank you very much and good luck with girls make games. that does it for this edition of bloomberg technology. bloomberg daybreak: asia is next. please stay tuned, this is bloomberg. ♪

good morning. i am paul allen in sydney. we are counting down to asia's major market open. shery: i am shery ahn the agreement including a compromise that could get collapsed. virus restrictions tighten in the u.k.