getting the sites set up and using some of their personnel to administer some of the vaccines. i think that it is something that democrats, republicans and governors alike have called for. we are also expanding testing. this will protect the most vulnerable. and we formalized the health equity task force. to make sure that the people most significantly damaged have access, change, we have to move in a direction for those communities that are hard to get to. the brutal truth is that it will take months before we can get the majority of americans vaccinated. months. the next few months, masks, not vaccines are the best defense

against covid-19. experts say that wearing a mask from now until april would save 50,000 lives that would otherwise pass away if we did not wear these masks. that's where we're -- that is why we are asking the american people to mask up for the first 100 days. on interstate travel, trains, planes and buses. one congressman pointed out that -- he used a colorful phrase, he said kiss my rear, i am not wearing a mask. well, not very patriotic. we are instituting new measures to deal with these diseases flying in from other countries.

you have heard about the british strain, the brazilian strain, the south african strain and they seem to be more transmittable more easily. everyone to the flying -- flying to the united states will need to test before they get on the plane and self-quarantine when they arrive in america. i will close with this. we now have a national strategy to beat covid-19, it is, hence of, it is based on science, not politics, truth, not denial. -- it is comprehensive, it is based on science, not politics, truth, not denial. it will help schools reopen and deliver immediate economic relief to americans who badly needed -- need it through no fault of their own. our plan will take time.

people getting infected today don't show up in case counts for weeks and those who perished from the disease died weeks later from that exposure. despite our best intentions, we are going to face setbacks, which i will always explain to you and acknowledge. let me be clear, things are going to continue to get worse before they get better. the death toll is likely to top 500,000 by the end of next month , february. cases will continue to mount. we did not get into this mess overnight. it will take months for us to turn things around. let me be equally clear, we will get through this and defeat this pandemic and to a nation waiting for action, let me be clear on this point, help is on the way. we can do this if we come together, if we listen to the scientists.

tomorrow, i say to the press, the entire team, we will be back in the business of asking all of your detailed questions. thank you very much for your patience. keep the faith, we will get this done. i will always level with you about this. thank you. >> president biden there unveiling and even more aggressive -- an even more aggressive plan to get all of america vaccinated. they will purchase an additional 200 million doses of the vaccine that will be available by this summer. 100 million from pfizer, 100 million from moderna. this would of the number of doses the administration has purchased from 400 million to 600 million. every american will be to doses. that will be more than enough to

vaccinate all americans. the president saying that it will get worse before it gets better. this as we have 25 million infections and counting. we have been covering the mass vaccination effort and how it is going. riley, the vaccine program was in even worse shape than they expected, what is your take away from the president's remarks? >> i was particularly struck by his comment of this being a wartime effort. the development of securing another 200 million doses comes from heightened anxiety of the sluggish pace of the vaccine rollout. that u.s. led effort to unite the department of health and human services and -- they are looking to give 20 million first initial -- they

were looking to give 20,000,001st initial doses by the end of last year. we just hit that mark. it was not immediately clear from measures announced today if they would help him meet that goal. i think we need to watch that slope, that ramp-up of how quickly the vaccine administering process continues from here on out. 100 million doses is not too far from the plan that operation warp speed had set out months ago. but this comes in the wake of other good news we learned about today. pfizer will be able to supply the u.s. with 200 million doses. have already been agreed for by the end of may. two months sooner than previously expected due to a label change that have allowed health-care providers to extract an additional dose from each vial.

we are seeing supply flood the market and hopefully a ramp-up in administering doses that would close that gap between the supply that has been distributed and that which has been administered into the arms of patients. emily: as you point out, it is really short-term additional doses that we also need, the biden administration saying they will likely up the amount of doses delivered. what are the holes you see in the president's plan? there is no vaccine for children yet. can he really vaccinate all of america by the summer question mark -- the summer? 2 that is -- riley: that is a great question. that data won't be out until the summer. there is a question about whether you can reach herd immunity without getting adolescents immunized against

covid-19. littering 10 million doses to states in the interim would represent a 16% increase from the current weekly case. one thing i want to flag you on is that johnson & johnson, another vaccine maker that is developing a one dose vaccine that may ease some of the logistical strain posed by pfizer and moderna's to shut vaccine, they are poised to get data out in the next few days. we could move forward with that process and see j&j's vaccine out in march. that would be a real boon to this question if j&j came in and entered the market with an additional supply and provided ease of distribution by having a one dose shot that does not

require the chain requirements needed by pfizer and moderna. pfizer requires that subarctic temperatures to transport its vaio. j&j, you can store it the refrigerator. that is really important. emily: we appreciate your detailed analysis about this. you know more about this than just about anyone. think you for sharing your insights with us. we are going to get to more later in the show on how this fared today. i want to hit microsoft earnings out after the bell. and if there were any market reactions to the president's remarks. did you see anything moving as the president was speaking? >> not yet, microsoft in particular getting a good chunk of the action. 17% of sales being driven by cloud computing.

microsoft is doing extremely well, a 4% gain in the post market. looking at some of the other sectors as well. advanced micro devices. shares are down even though it beat estimates across the board with an upbeat forecast on its chip demand. texas instruments also a big strong beat, projecting strong industrial and auto demand. nevertheless, you see both of those stocks down in the red. we will look ahead to tomorrow's earnings. apple and tesla both reporting. you can see in line with those big tech gains. microsoft leaving the charge. i also want to bring to your attention, gamestop, that is surging another 67% in the post market after doubling its value in regular trading. that story is still ongoing. this time, the gains are driven by a tweet from elon musk,

tweeting a link to the reddit chain. we are also seeing similar moves , very much while in the line. flip of the board and we will really see those stay-at-home names take a backseat after several days of defensive trade leading. it tells you that some of the go to trade in 2020 maybe losing some of that steam in 2021. emily: thank you. who knew the word gamestop could carry so much weight. president biden is releasing climate change statements at a massive clip. i will sit down and talk about what this means for the country's most popular's -- so you're a small business, or a big one. you were thriving, but then... oh. ah.

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emily: president biden is due to deliver sweeping executive action on climate change tomorrow. anticipated to be one of the most expensive presidential agendas on climate today. i spoke with the california secretary for the climate initiative. what it means for california. >> it is amazing the difference week makes. we were still bringing lawsuits against the trumpet administration the day before the inauguration. it is such a huge, welcome change. i think it deserves a second to realize how important it is to tackle this issue head on. day one, executive orders, biden

came out and rejoined the paris agreement. he put back into effect hundred environmental practices across the board. he said we need to move forward aggressively. it is one of his four pillars along with tackling the pandemic , economic recovery. this is a big deal. it is a really big deal. we are just thrilled that the biden administration is taking this so seriously. emily: where did the trump administration leave us when it comes to u.s. climate policy? >> they completely left us. they left us where -- in a place where our policies are in tatters. many of those have been litigated in the courts but we dropped the ball. we were the only country that pulled out of paris. 190 other countries forging ahead are looking at how to tackle this.

it has been an opportunity lost. when you look at the production of renewable energy, energy efficiency, this is an opportunity to win. we were left in this place where we have to pick up the pieces and move forward. there was a lot of damage that has been done to the system. the institutions like environmental protection agency has been left in tatters. a lot has to be done to be -- to rebuild. emily: we live in california where we were threatened by wildfires. what are your biggest concerns? what are the biggest climate threats to the planet right now? jared: we all thought the impacts of climate change would be decades away. what we are seeing in california is our agency alone spent $2.5 billion cleaning up from last year wildfires.

what we found is that the cost of not taking action on climate change is incredibly high. namely, if we don't take action, we in california are showing the rest of the world as a nation -- the world and the nation how much it will cost. we have to get off of fossil fuels and move toward electric vehicles. all new passenger vehicles in california need to be electric by 2035. we need to deal with energy, the energy sector. biden has been very bold in this area. he said that by 2025, we need to get to carbon neutral energy. 100% renewables. we need to deal with how we heat our homes and our buildings and california, 40 cities have already said all new buildings

need to be billed for zero emissions. california has led the way. we have had republican governors like schwarzenegger, jerry brown, gavin newsom, three governors in a row have been pushing for higher climate action year after year unlike at the federal level where the pedal drum -- pendulum swings back and forth. it has been -- the economic state has been tied to these new businesses. solar electric vehicles are the way to go. we are excited that the rest of the nation wants to join in. emily: tesla is far and away the leader of electric cars, in reduced emissions. elon musk built their latest plant in texas. he moved there himself, he complained about california policy. how concern is that?

how important is it to fight to keep tesla with a home base in california? >> we have a good relationship with tesla. there are also 34 other electric vehicle manufacturers in the state. then we have 62 manufacturers of parts for electric vehicles in the state. tesla is just building their new battery facility in fremont. i think tesla is going to become a global company, is a global company. they will have facilities outside california as well but we maintain very strong goes to work with tesla and all the other companies that want to build in california. our number one export from california now is electric vehicles to the rest of the world. incredible that it has gotten to the level that it is material in terms of our economic recovery.

jared: that was -- emily: that was jared blumenfeld there. you can catch that full interview at bloomberg.com. coming up, microsoft shares shooting up. we will break down the results, next, this is bloomberg. ♪

emily: today's tech result, microsoft seeing this is a faster clip than analysts had projected. that is thanks to point demand for corporate cloud services and software that can help at home workers. the big question is if all this demand for microsoft keeps up even as work from home subsides, especially now that we are looking at a massive vaccine effort i the united states.

>> i think it is more driven by the other company's spending. the trade for microsoft was just pc's and then we also saw a decline in corporate pc's. i think this is more a reflection of improving sentiment across the board, higher enterprise spending. emily: rivals are trying to keep up with the success of microsoft teams. we saw salesforce buying slack in the biggest tech sale of the year in 2020. where do you see the biggest competition to microsoft offerings at this point? >> they have competition across the board. even in cloud infrastructure

services, they are much smaller than amazon. in the dynamics products, they are not as strong as cell force is -- salesforce is. from that point of view, it is not as if they have a free pass. execution has been very good. i think what is working is working in microsoft's favor right now. this is not so much from start ups. those companies are the ones that are more prone to go with microsoft than either google or amazon because microsoft has a much older relationship with them and they are only using older microsoft problems -- products. emily: certainly interesting to see that trend which will not only support microsoft but other big tech companies to come. we will also be covering google,

apple later this week. this tweet from elon musk, what is your tweet on this? has anything changed about gamestop fundamentally? >> no, this is a classic mode of trading. the company has a very large shortage and when you start to see stocks go up, we will see people will go out and covered their names. this will drive the stock even higher. we really want to see what happens to other stocks. we will see what is the next gamestop. which companies will see big trades next. emily: are investors skittish right now? we have a lot of change in the political climate but seemingly

towards more calm. anurag: i think what we have served -- observed in the last seven or eight months, option activity as well as a lot of trading that happens during the day. that is no longer the case. the last 6, 7, eight months, i am sure that people are sitting at home and trading and having quite a bit of impact on overall stock returns. especially some of the popular stocks like tesla. emily: we will continue to watch this incredible story and incredible rise, thank you so much for joining us.

coming up the california governor, gavin newsom under fire after that effort that is getting momentum. i will speak with the kraft spokesperson, he is supporting the movement. that is next, this is bloomberg. ♪

emily: welcome back to bloomberg technology. i am emily chang in san francisco. talking about a recall effort underway to remove gavin newsom from office. critics citing mismanagement of wildfires and the approach to the pandemic. supporters of the recall say they have 1.2 million of the 1.5 million votes needed to remove him. meantime, gavin newsom's competitor has detailed his potential run for governor palms and things like no student

loans. david sachs, the former ceo of paypal, thank you so much for joining us. you supported governor newsom's run two weeks ago. why are you calling for him to be recalled now? david: california today is not doing very well. we have the highest poverty rate in the country, the highest unemployment in the country, the most homelessness, we have the worst air quality because of poor fire management. we have the second worst. crime is exploding due to lax enforcement, on top of all of that, we have the highest tax rates in the country. that is driving successful business innovators and entrepreneurs out of the state. we saw elon musk go to texas.

perhaps the most important entrepreneur of our generation. losing these kinds of companies will haunt california for generations. i think people are really feeling it in recent polls. 53% of californians say they are thinking about leaving the state. 63% of california's believe the american dream is dead here. i think it is time to reappraise and take stock of where we are and make some changes. emily: the governors lockdowns have been especially controversial. how do you think the governor should have handled the pandemic differently? david: i am glad that the governor has entered the shelter-in-place. it took too long and thrashing around it -- small businesses were told that they could operate outdoors.

they made a lot of expensive changes. now we are thrashing back. we now have data from a bunch of other states showing that states that have done less severe lockdowns have not done worse with the virus. we could have had much better policies and i think the governor stubbornly refused to make changes. i think he has been overly deferential to the teachers union as opposed to scientists on school reopening's. i think our most vulnerable students are falling massively behind. frankly, we have had the lockdown rules complete random. if you are working class, your non-essential. in my book, i don't think anyone putting the food on the table for their family is non-essential. emily: i spoke with the san francisco mayor last week and

she had her disagreements with the governor but does not support the recall. take a listen to what she had to say. >> my response is due i think the governor should be recalled weston mark no. -- recalled? no. we are working closely with him. we have hard decisions to make. our economy is suffering but we also have to take about the lives that we are here to save as a priority even though we know this is going to be a tough road ahead for our city and our state but we are doing the best we can. emily: some are saying the state reopened to quickly last year. are they wrong? if they are wrong, why are you right? david: if you listen to most scientists, they have changed their minds about lockdowns, the who changed their minds about lockdowns. first they thought it was the right way to go and then they thought -- they said the benefit

cost is not worth it. it does not slow down the virus that much. we have seen other states like florida and texas doing better than california right now despite not being locked down. i think there was a range of point of views on lockdowns that were fined to take eight or nine months ago but now i think with all the data we have, it was clearly the wrong approach. we should have adjusted sooner. i don't blame anybody for stuff early in the pandemic because there were so much stuff we did not know about this virus and we still don't know. the question is what is the rate of learning and are we adapting to new facts on the ground? emily: let's talk about the horse you are backing. why do you think they are the answer? david: i am supporting him because he has a friend of mine and a successful figure in the tech industry. one of the things that really impresses me is he grew up on welfare. he was dirt poor and became successful in business. he understands both how business works and how to make california

successful. he also knows how to take care of the less fortunate. he is a democrat who has donated a lot of money to the party. he is a centrist democrat. he is not beholden to any special interest. i am more of a centrist republican and i can say that i support him for governor. i think he has a great platform to revitalize california. right now, i think there is a risk that people will give into resignation but you can do something about this. we just have to act. emily: he is a very successful investor. he used to work at facebook and then became critical of facebook. he is making big promises. no state income tax, no student loans, the math shows that tax cuts don't pay for themselves. how can he deliver on all these promises? david: california is in a very

competitive environment right now. we are seeing that entrepreneurs are flocking to states like florida, texas, miami and austin are becoming tech hubs to rival the bay. unless we start realizing we are in a highly competitive environment, we will lose this competition. you heard elon musk say that california has been taking for granted its success. i see this as the start of the conversation, they be not the end. these are the right types of conversations and issues we need to be discussing. what issues is governor newsom discussing? he seems totally beholden to special interests. emily: i know some of your friends and colleagues have moved to miami. have you had any thought about fleeing there as well? david: i recently spent some time in miami and it is a great place but i am still committed

to making san francisco and california my home base. i really don't want to leave. i would like to see california improve and get better. this is why i think we need to speak out. a lot of people saying why are you taking risks? i really think we need that first little kid to go out there and say the emperor wears no clothes and i think everyone will realize it is true. emily: the recall effort is facing long odds. republicans have tried this multiple times already. it does not work. you need 1.5 million signatures and you have 1.2 million but those need to be certified. the reporting is that there are many business leaders like yourself behind this but also followers of qanon and other extremist. will you have enough legitimate signatures to make this happen? david: that sounds like such a bizarre comment for people to be making about the recall. first of all, i am not

organizing it, i merely signed the petition and donated to it but we are already at 1.2 million signatures, we only need 1.5 million and we are planning on having a substantial buffer so that we can get to 2 million. windows get certified, it creates a buffer. we are on track for that right now. if people want to sign, we need to go to rescue california.org. i tell everyone to go to rescue california.org. the other thing you should look at is the platform. go to his website. emily: on another note, you have been very critical about the deplatforming of donald trump. facebook suspending him indefinitely, twitter permanently. what do you think a better solution is if the concerns are

about inciting real-world violence? david: i don't miss trump's tweets at all. that is not the point. it is all about who has the power to censor. big tech has all the power. they are dictating who gets to participate in online speech. it was not just trump and his supporters, it was millions of americans on apps like parlor. parler had 15 million users, they all never said anything wrong. the tech is making a lot of decisions about what we get to see, say. they are doing some economic cancellations where the people

with the wrong views don't get too but dissipate. i don't think that big tech should be able to make these big government like decisions to deny people their civil rights without the american people having rights, and online bill of rights to protect them. -- an online bill of rights them. emily: do you think facebook and twitter should let them back on? david: there was an argument for removing the president or his supporters. i understand that while there is violence going on, clearly you take emergency actions, i think the argument pivoted to that there could be disruptions to the peaceful transfer of power. that would be the argument for suspending an account until january 20. now i am not quite sure what the argument is for denying any american permanently their

free-speech speech rights. especially when an entire cartel of big tech companies have done it. it is not specifically about donald trump. i don't miss the tweets at all but i wonder what our rights about americans are to free speech if we could be deplatformed by all the big tech companies. emily: you have used the word napoli -- monopoly cartel. what action do you think the biden administration will take on big tech west and mark they are not looking at just facebook , but apple, google, amazon -- will take on big tech? they are not just looking at facebook but apple, google, amazon. david: these companies are getting together and a very powerful. when they act with a similar mindset, --

i think busting them up should be on the table. emily: what is your outlook for silicon valley and the markets in general under new administration? i know you have been investing for a long time. you have been placing your bets on trends you think are taking off. what do you see in the future? david: i think the outlook for tech is great. i think the innovation continues the matter which party is in power. i got into the tech industry in 1999, it has been over 20 years. there is always ups and downs along the way but they're not really coordinating with the political cycle. it is the rest of the country that i am worried about, not the tech ecosystem. emily: what are you worried about? david: what we have seen with covid is that you have some disparities that have gotten widened. let's face it, big tech companies ament -- companies and

even some smaller tech companies -- if you are a small business, a restaurant, in retail, something like that, especially in the state of california, you have been devastated these lockdowns. look at san francisco. over 50% of the storefronts are closed. it is something out of a dystopian movie or something. those are the people i really worry about. i think they really need to do something about it. big tech can't keep reacting to this with indifference across the country. emily: always interested to hear your remarks and the provocative arguments you have made. we will be following the recall effort and your success there. much more coming up. stay with us,, more after this break. ♪

president biden: we will soon be able to confirm the purchase of an additional hundred million doses -- 200 million doses. they are not in hand yet but they are ordered. emily: president biden delivering remarks about aggressive moves he is making to improve the nation's covid-19 vaccination campaign. some cautious optimism on bloomberg television. take a listen. >> by the middle part of this

year, we will get systems back to normal. the vaccination rollouts will continue and then we will accelerate our growth in the back half of this year. >> we have the tools to make covid like the flu. it will not disturb our lives, socio-where the economy. -- socio or the economy. >> we are focused on getting us through the crisis in terms of the rollout of the vaccine. >> we have treatment protocols that most of 20/20, we did not have. we have much more testing availability and rapid testing and accurate testing. emily: the executives there from

astrazeneca, carnival. still ahead, tesla placed to report its fourth-quarter results, coming with high expectations, we will have more details on what to expect next, this is bloomberg. ♪

emily: apple earnings out wednesday. increases in both adjusted earnings per share and revenue. apple has been on a tear in the work from home trend. demand for products and services has increased. the company's stock has more than doubled since its annual low in 2020.

also reporting wednesday, tesla which is expected to report its sixth consecutive quarterly profit. when tesla stocks split and skyrocketed. the company joined the s&p 500 and almost hit its target of half a million cars. what are you expecting in the numbers tomorrow? >> thank you for having me. tesla has beat consensus for each of the last five quarters. the question is if they can make it six. we really like their odds here. the adjusted estimate for the fourth quarter is 1.03. that is very achievable for a quarter in which they posted record vehicle sales. they disclosed that earlier this month. all eyes will be on the 2021

vehicle sales guidance. that is really going to be the focus, as well as their progress in completing construction of the new factories. that is just outside of austin texas. -- austin, texas. emily: we just spoke with david sachs, he suggested that elon musk is one of the most important entrepreneurs. he is taking up residence in austin. could you see a future when tesla is further diversified outside of california and california loses tesla as a company? >> we think that is what is going to happen. elon musk had a run-in with the california government early on

in the covid pandemic when the fremont factory in california accounted for about 70% of their annual auto production. that factory was shut down for close to two months in 2020. at the time, musk moved to headquarters out of california. we think that is their plan, they are in a very large development there just outside of austin with plenty of room for future growth. emily: what do you think the biggest challenges are going to be? tesla is far and away the leader in electric cars, demand is skyrocketing and they meet it. -- can they meet it? >> that is lisicki $4000 question. it is like how do you top that

rise in stock? they managed to exceed those very lofty expectations over the last few quarters or so. it is a matter of tesla growing into its valuation. it is a very lofty valuation. we expect some real bona fide competition to show up on the road in the u.s. later this year from other upstarts. those companies will have electric vehicles on the road later this year. they will have very competitive specs to the tesla vehicles. tesla has owned the ev market. it will be interesting to see with this competition finally showing up after years of people predicting this, how tesla is able to maintain and potentially

grow their market share from here. it should be a lot more challenging. emily: i am surprised i did not hear you mention any more traditional automakers there given that lucid and revia are upstarts. garrrett: they are coming. gm is switching to an all electric lineup. for has some vehicles coming -- ford has some vehicles coming as well. late this year, you will start to see some models from gm and some from ford show up but it is really some of the startups that will have vehicles on the road soon. emily: all right, garrett nelson, thank you so much for your analysis there. that does for -- does it for

this edition of bloomberg technology. i am emily chang in san francisco. bloomberg daybreak asia is coming up next. ♪

haidi: a very good morning. we are counting down to asia's major market open. shery: welcome to daybreak asia. our top stories, asian stocks sent to recover from their biggest dive in two months as investors weigh the virus, stimulus and earnings. microsoft's 17% sales surge lifts spirits.