all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. emily: i'm emily chang in san francisco. this is bloomberg technology. coming up in the next hour, google doubles on commercial real estate investing in offices and data centers. the search son -- the search giant promising to create 10,000 jobs year. an investment of $7 billion. what does it signal about the search giant's position on working from home? we will discuss. plus the global chip shortage.

how bad is it? none were able to -- none more able to answer that question then the qualcomm president and ceo elect. i will talk to him in an exclusive interview. and pandemic perspectives. one year on. education and venture capital. both a very different experience than a year ago. we will talk to con academy. although stories in a moment. first, a text selloff driving down the nasdaq today. ed ludlow is in san francisco with the latest. ed, let's start with you. >> how quickly things change. 24 hours ago i was standing here saying the markets are taking a sigh of relief mostly sanguine about the fed holding rates until 2023, fast forward to thursday, worries about inflation. a lot of pain and tech stocks. treasury yields rising. the s&p 500 the down the most in

three weeks, down 1.5 percent. tech the real underperformer. the nasdaq 100 down 3.13%. also the biggest drop in three weeks. no surprise that the big tech -- big cap tech stocks stretch valuation. some of the biggest point decliner's on the nasdaq as well, down 3.6%. the environment here is one where treasury yields have been rising. u.s. 10 year yields above 1.7%, its highest and about a year. factor in inflation concerns with that, back to that narrative, rising yields, rising inflation, concerns about tech stocks. this sets up the question from this point. how long will this environment last? if you look at the far right-hand side of your screen, that is the longest streak of weekly gains in u.s. 10 year yield since the start of 2018. that is a significant streak. how long will it last? that is the question. if you are a tech bull or bear,

that is what you want to know right now. fast-forward to today. the economy, the vaccine rollout. two big factors as well. if you look at different sections of the equities market, it is actually small caps, the russell 2000 that have outperformed the nasdaq and s&p 500. those stocks are most closely tied to economic recovery, the most sensitive to reopening's. it is interesting the gap between the s&p 500 and the nasdaq 500 has closed recently. the performance of small-cap has continued. we know that that is the other part of the story. investors pulling money from riskier assets aspects. a lot to consider. what's going on in the water markets. specific names, what are you looking at? >> is about those big tech. you talked about the pain.

as you can see right behind me, a five play percent incline. look at what was hit the hardest. tesla. tesla specially dealing with some issues over in the u.k., their subsidy getting denied. you're seeing pain and square as well. 9% incline. you can see right behind me. telacoc up -- telacoc --teledoc down with amazon may be entering the telemedicine business. a broader tech loss. if you look at other earning stories, your seen nike trade after hours still carrying on some of the pain and saw during the session. this is following its earnings missing some of those estimates on wall street. this is a really important factor look at. it has a lot to do with consumer sentiment and spending. here in the states you are seeing that grow little.

abroad, a very different story. i want to show you this is distinct very quickly. -- i want to's show you this statistic very wiggly. the stock market seems to be pricing it in. high-end retailers like william and sonoma up 19%. dollar general down just shy 5%. it tells you that not all retailers created equal. there is that divergence being priced into the stock market. see if the underlying economy follows, emily. emily: thank you both. moving on now to google. planning major investments in the u.s. the company says it will spend more than $7 billion to create at least 10,000 full-time jobs here. more than $1 billion will be spent in google's home state of california. there also be data center expansions across several other states. for more i am joined by nico

grant. nico, a huge number. but less than the $10 billion a promise to invest last year before the pandemic had. what can you tell us? >> is true last year they promised $10 billion. the pandemic happens and ceo says the company will have to scale back on the hiring it had done. in the previous year, and between 19, it pledged $13 billion. we have seen a decline across these areas. it is a very bold statement about where google sees its future. it is no secret the country -- the company has for more than a decade invested in very pricey real estate, including owning chelsea market, which is iconic in new york, a landmark. the company is really envisioning that -- it wants to bring workers back at a time when many of its peers are saying it is fine having a distributed workforce.

for an extended. of time. if employees want to continue to work from home, that is ok with them. the ceo has been more concerned about what might be lost. with google's culture. if there was a true permanence to this current stays -- current state during the pandemic. is a comedy that has thrived on spontaneous -- it is a company that has thrived on spontaneous cooperation. in september, google employees will be expected to come back to the office about three times a week, at least. emily: that's interesting. definitely want to hear your observations comparing and contrasting the philosophies here. we have heard mark zuckerberg say 50% employees will be working from home by the end of the decade. reed hastings has said he wants everyone back in the office. what is the sort of feeling among google employees about the sort of hybrid model? >> i think many employees,

including ones are google, would like some ability to make a decision. what is most important, of course, is the stake in the first place. google had envisioned their employs my end -- might return to the office in the middle of this year, which we heard a lot in between 20. preps june or july of 21 might be a suitable time. now with the vaccine rollout, perhaps really coming into full shape in may, september, when kids may be able to go back to school, another consideration for a lot of working parents, now seems acceptable. around the margins, you can expect some flexibility. it is three days a week. there may be opportunities to work with your manager if you have special reasons or requests to be able to work in this way. emily: all right, nico grant covering google for us.

thank you so much for the update. coming up, his nonprofit educational organization has seen rapid change amidst the pandemic as remote learning became necessary for millions. i will talk to sal kahn. who has big plans to use a recent donation from none other than elon musk. this is bloomberg. ♪ >> they recently gave a $5 million donation to khan academy. i hope you feel really good about this, elon.

emily: the center for disease control's has said it is critical for schools to open safely in as soon as possible

and remain open. but the agency's own guidelines of physical distancing of at least six feet has made the hard for many school districts across the country. that, coupled with resistance from some, teachers unions, remains remote schooling is still very much a reality for millions of families. as a result, remote learning has shot up and scale like never before. khan academy saw it school district grow from nine before the pandemic to more than 200 now. with prospective and predict -- with perspective and predictions, we have sal khan, founder and ceo of khan ac ademy. good to have you back here. you have warned about an education catastrophe as a result of this push into remote warning -- remote learning. has the catastrophe happened, or did we dodge it? >> we have dodge certain aspects

of it. the data we do have that came out last fall, when some kids got some form of assessment, is that for certain groups, the learning loss is not been as significant. the day asterisk is there is about 10 -- 10% to 15% of the kids who do not show up for the assessment. everyone suspects they have suffered the most. i hold by the fact this will be disaster recovery. the very fact that even of the 85% we were able to measure we saw degradation by about 10% to 3 -- 1015% to 15%, and then that 10 to 15% has fallen off the raiment -- off the radar. emily: do you think the learning cap ultimately will close -- gap ultimately will close or will he get wider overtime? >> the hope is that it does not get wider overtime. there has been an interesting phenomenon where, for a lot of

families because of the constraints of covid, they discovered new things that work well for their children, like some great things that are happening in the school setting, but i can go on khan academy or another nonprofit, pop schooling, where they are getting even more personalization. there's evidence this is accelerated certain kids. it creates a fear of -- everyone is talking these days of, is technology going to accelerate the economic gap? will be a situation on the learning side? we think we will see that those who do have access to technology, it will close. as we know, there are a lot of folks in the bottom half or bottom quartile of the income earners who have access to a cell phone. for those who do not have a leverage it, i think the gaps will grow. emily: khan academy has been a

huge support for so many kids and parents. i am grateful. you have seen huge growth. what are you seeing now a school start to reopen, if slowly echo >> one of the fascinating trends we saw was almost a year ago. we saw traffic up by a factor of three. we saw 12 billion learning moments on con academy, which is a record for us. 2020 hit that. what we're seeing is there is overall, and systemically, less learning time going on. we talk to some of the large districts, they have been talking to us about -- you not think we have enough class time to cover everything in calculus, in algebra, and chemistry. they are leaving on resources like khan academy to make sure their students are able to have the exposure. the total amount of learning

time in the whole system seems to have gone down. emily: there is a lot of uncertainty, sal, given that children likely will not be vaccinated. we will not have a vaccine for kids by then. if we do not have one, getting school should reopen in the fall? >> i feel pretty strongly that they should. there is very little evidence of child to child transmission. there have been several school districts -- the state of rhode island never shut down. they just took precautions. they have no cases of child to child transmission in the state of rhode island. i know the state commissioner well. that works pre-vaccine. i personally believe, and my wife is a physician, once the adults are vaccinated, and maybe some of the older teenager students. the risk of young child to child spread, especially people are taking precautions like wearing masks or there is a little

distance, i think the potential risks are at that point lower than you would have from other illnesses like the flu. the potential harm of not going to school which is significant, where you see anxiety, depression, social and emotional skills suffer right now, that will turn into an epidemic if we do knock it kids back in school. emily: moderna released new information about studies they are doing on children. we're getting more details on the pfizer pediatric trial as well. some parents might not feel control sending kids back to school. what are your biggest concerns in that situation? inevitably, some kids i would think will not go back. >> i think it has to be a lot of education about this. once all of the adults are vaccinated, and frankly, once the parents are, especially if we are talking about younger children, under the age of 12, there is almost no evidence of child to child spread. especially if all the adults are vaccinated, and even we know,

there are horrible stories you hear every now and then about a young child who gets covid, but those are still few and far between relative to other things like the flu, which kills thousands of kids every year. we have to have education about putting everything in perspective. it is easy to hear a few horror stories on the news that highlights one of these one in a million cases. the real odds are very safe. the mental health and harm to your education children will suffer is a far bigger risk. emily: this is another interesting trend. we spoke to melinda gates who is concerned about women backsliding in the pandemic. we found more women are dropping out of the workforce, where there are more kids in remote schools. women have lost their jobs or left their jobs, you wonder if they might feel more flexibly to keep their kids at home, whether or not it is a good thing. what do you think about that? >> there is that movement -- i think this has been an

unfortunate trend, whereas families take on more of the childcare as possibilities in keeping the kids up with school, it has fallen disproportionately on women in families, which is hard on their careers and all the rest. this trend of some families actually discovering during the pandemic that certain aspects of pandemic schooling were working well for their children, i think it will continue. i stocks to the state commissioner of alaska, which already had a large homeschooling population because of their geography and access to school. they have seen homeschoolers go from 10% to 25% of the state. it is not a niche in their state. you not think it will go back to 10%. they figure might go to 20%. homeschooling, pod schooling, some hybrid between normal schooling and traditional schooling will become more the norm. emily: meantime, the stimulus bill, wondered $70 billion to help schools. schools might face pressure to

use that quickly. how much will that help? how are you expecting that money to have an impact? >> this is a hot topic. i have a meeting with a bunch of state education leaders tomorrow to discuss this exact thing. the high close doors, everything -- everyone is very excited -- what are $20 billion, 20% of which is for learning loss, billions and billions of dollars. but behind closed doors, they are like, there will be lots of pressure the use it fast. they're afraid that if it is not well thought out this money could disappear. if it disappears, people will be skeptical of the next time. the things people are talking about, high-quality intervention, high dosage during , that is something we are hoping to do, where anyone can go right now and volunteered to be a teacher/tutor. this is free. we do not charge people for this. maybe we should have gotten into that. khan academy a lot of people view as part of the formula.

we are free. we do a district offering, that takes some resources, but i think it is a big? of how you put that degree of capital to the work so as -- maximum impact. emily:sal, we will have to leave it there. sal khan, thank you so much for joining us. coming up, we will hear from senator elizabeth warren. her push for a bill that would provide $500 billion for green mass transit. this is bloomberg. ♪

emily: progresses in the house have introduced a five and billion dollar proposal to shift the u.s. from fossil fuels. we caught up with massachusetts senator elizabeth warren. >> i think we will work with a lot of republicans and i really mean that. right now the white house is

putting together its infrastructure package. all kinds of pieces. the part i have here is about transportation. it's about buses, subways, commuter rail, cars, electric cars. it's about all the ways we move people around. we put together this big infrastructure bill, we will also include water and power grids, but this ought to be our transportation piece. we do that piece, that is the part that currently creates about 30% of all carbon emissions in the u.s. this plan brings that down to 0%. it makes it possible for us to have a new, state-of-the-art transportation infrastructure. that is green inefficient and works. >> we think about bipartisan support for this, who are the

republicans you specifically want to get on board with this? >> i'm talking to all 50 of them. i'm serious. you name a republican who lives in a state, who represent a state that does not need an upgrade in their infrastructure. name a republican who is not struggling back home with problems of gasoline powered or diesel powered buses and trains and mass transit, highways that need repair. we can do this together. it is one of those things that's kind of everyone's best view of what the senate ought to be able to do. to work together to build a stronger future. emily: senator elizabeth there. we are taking a live look now at anchorage alaska where u.s. and chinese officials have begun the first talks since the bite in

took office. we are seeing the secretary of state antony blinken meeting with top chinese communist party officials, including juan lee. we listen to antony blinken makers -- maker -- make remarks. he says the u.s. is committed to leading with diplomacy. he says they will talk about xinjian and concerns about hong kong and how the chinese government handled that situation. he said some chinese actions have threatened a rules-based order, continuing to listen to secretary of state blinken's remarks. we will continue to bring you highlights. u.s. and chinese officials meeting for the first time in person since president biden took the white house. coming up, we will speak with the incoming ceo of qualcomm about the company's completion of its $1.4 billion acquisition of chip design company nuvia.

our exclusive interview is next. this is bloomberg. ♪

>> semiconductors, or chips are essential components and things we use every day. they are made from the material that gave silicon valley its name. they handle everything from artificial intelligence processing to simple functions like translating the press of a button into an electronic signal. think of them is the brain of a device. so what happened? when the pandemic shut down car factories in march, automakers expected less orders for passions or vehicles. -- passenger vehicles. they cut their orders for chips.

working from home and 5g drove demand for laptops. industries increase their orders for semiconductors. that cost chipmakers to switch production to those areas, rather than pile of chips they could not sell. but was both car and computer -- but what both car and computer cubbies did not expect was a quick rebound in demand for their products. there is now not enough supply. building factories cost -- takes years and cost billions of dollars. >> the answer in the near term as nothing can be done in a grand way that can improve supply. supply expansion takes time. it takes the addition of new factories and capacity. >> how bad can it get? the ship shortage is expected to wipe out six to $1 billion of's -- $61 billion of shortage -- of sales for automakers alone.

games consul makers say things could get worse before they get better, potentially impacting holiday sales. resident biden has signed an executive order to look into why the u.s. is so reliant on u.s. overseas chip manufacturers like samsung. >> companies like qualcomm and nvidia, these companies do not have factories of their own and wrote -- and rely on third-party manufacturers and have become rick -- extremely reliant on them. >> how long before it supply meets demand? some analysts say we will not see signs of a turnaround until the second half of the year. ed ludlow, bloomberg news, san francisco. emily: ed ludlow reporting there on the global ship shortage. joining us now, catches up on how chips are performing. >> they are under the same pressure of the rest of the tech sector on thursday, down 20%.

biggest decline of the week. amd down 5.5%. intel down 3%. qualcomm down 3.1%. look at this chart. it is about volatility. stock 30 day volatility. you can see it has been creeping up recently. volatility has been on the rise recently around a may high. it is nowhere near where was when the pandemic first hit the u.s. as well as china and europe. you forget that when the pandemic hit the u.s. in march, though -- that was a shutdown of our economy. prior to that it already her china's economy. let learner in reporting that story is how closely chips are tied to the economy. in terms of how the stocks are performing, yes, outperformance, that gap is narrowing in recent weeks. the philadelphia semiconductor

index is always one to watch. the question to post your guests is how much longer will the outperformance last? will we see the supply and demand equation rebalance? emily emily: emily:? we will ask our next guest very question. ed ludlow. qualcomm recently completing its $1.4 billion acquisition of nuvia. joining us now, the qualcomm president and ceo elect. great to have you back here on the show. first of all, what you plan to do with nuvia and why do you think it was important to bring chip designers in-house? cristiano: hi emily. nuvia is a very important acquisition for qualcomm. we are very excited about closing the acquisition. it will enable us to create -- to take a leadership position in cpu performance, especially for the upcoming performance of

mobile and pc's. with the acquisition of nuvia, you expect qualcomm not only to have the leadership position in cpu performance in mobile devices, as nuvia cpu's will be part of our premium snapdragon chip sets. we also make dedicated computing parts. we will be sampling computing parts in 2022. with the new -- with the nuvia chip in mass scale for 2023. we will use the technology in automotive as electrification drives general high-performance platforms in cars. very excited about that. it crates a new chapter of growth for qualcomm in computing. emily: i am really curioas inco.

what are your top priorities? where do you want to take the company as we come out of a pandemic? and presumably, how we use technology will change from attic once again. cristiano: look, the long-term story of qualcomm is incredible. it comes, emily, from the fact that demand for our technology right now is no longer just unique to the segment. i have spent the past three years excelling 5g. it will continue to be an important priority for us. you look at 5g alone, we have both the core business and opportunities outside of it. one of the largest opportunities for qualcomm, the largest we have seen in the core business in the past, driving 5g into our existing, -- customers. resuming the business with

apple. the largest opportunity we have ahead is huawei has been changing their position. they were shipping 200 million devices. that opportunity became available for customers of qualcomm. whether it is samsung, xiaomi. that is an extension that allowed qualcomm to grow at a high rate in a market growing in single digits. we have to be focused on that. unlike when we sell a modem only, this is an opportunity that we so -- that we sell premium snapdragon msm's. we are very excited about that. that is number one. the other is what you saw the company transforming itself. it tells you a little bit about the future of qualcomm. it is a company that is not just about a licensing business.

it is accompanied about a number of different businesses. as we've done in the past two earnings call. we will have handsets, automotive, and we are just stretching the surface of ioc. we reached a billion-dollar business in the last quarter. we have a lot of opportunities ahead. emily: cristiano, as we have been speaking, u.s. and chinese officials started their first stocks since president biden took office. obvious to the relationship between the u.s. and china has been under incredible tension. it has impacted the chip industry. welcome has a huge imprint and important relationships in china. what would you hope the next chapter of u.s.-china relations involve as it pertains to your business? emily: despite the tension, business has been growing at an incredible rate.

we are critical of our position. we solved a license dispute with huawei and now we are growing. i am optimistic that for areas like the technology sector, like us, in 5g, we played a very important role for both the growth in the u.s. as well as for the companies in china. we expect that collaboration will continue in the areas of technology and are optimistic about the future. as i said, our business in china will continue to expand. emily: we have to talk about the chip shortage. i would love for you to break down what is happening, why is it happening, and when do you think supply will catch up to demand? will soon supply outpaced demand? cristiano: is one of my favorite topics. we are still growing as a company. as we have said, in the last

earnings call, our ability to meet demand is outpaced by the supply availability. everything is short. there is not a single industry that is not -- that has not been impacted by this shortage. from automotive to iot to home. all those trends that accelerated consumption during the pandemic. we have line of sight that demand and supply will align by the end of this calendar year. we started to see some of the capacity investments coming online towards the end of 20 to anyone. -- 2021. we expect this crisis to be behind us. you ask an important question. we'll supply exceeds demand? -- will supply exceed demand? we are fortunate because some of those drivers for demand are here to stay. we see this extension on mobile

in the market that was served by huawei, now it is an opportunity for qualcomm to participate. we saw big acceleration of iot with the digital transformation of enterprises, company sending everyone home, connecting all their people. we have been in the upswing trajectory for the transformation in the automotive industry. of course that is connected to the cloud, computers on wheels. we expect to see continue to see growth. in general, the pandemic -- what will take five to 10 years of the role technology, we got an acceleration in about two or three quarters. a lot of the demand is going to continue. emily: we have about a minute left. we will have to keep it short. you are expanding into new

markets beyond the fun, the on laptops. which of the new markets, whether it is cars or another market, will be the first takeoff echo cristiano: automotive is very big. that is a separate segment. the electrification of big drivers, following automotive is really the digital transformation of enterprises or industrial iot. emily: all right. qualcomm president and ceo elect, anxious to watch how you take over the company and what your priorities will be. thank you so much for joining us. coming up, just a year ago sequoia capital warned its founders and ceo to prepare for the black swan. that was the coronavirus. now they are urging everyone to seize a new window of opportunity. our conversation with someone

from sequoia capital next. this is bloomberg. ♪

emily: just over a year ago sequoia capital came out with a memo called -- coronavirus, the black swan. on march 5, 2020, we urge you to prepare for the impending storm. today, we are at another inflection point. the u.s. points to stronger economic growth in the second half of 2021 then we have seen a decade. our advice remains deliberate and measured. do not be afraid to dream and be optimistic about where the world is going. here to discuss this, thank you

so much for joining us. tell us about the thinking here. why this advice now? >> the way we think about this is similar to a racing analogy. the advice we had a year ago was there was a very sharp term -- turn in the road. you better break or you will skid off the trap -- track. just like a formula one race or accelerates in the right position to win the race, we feel like we are in the apex right now for startups. change unfairly favor start up companies. technological changes, economic changes. the shift to cloud, the shift to mobile, pc, the internet, we think we are at in incredible inflection point. we have been through a year of the pandemic. the post pandemic world is around the corner. emily: you said to prepare for

more volatility. what kind of volatility, and how? >> we think we need to buckle up. the pace of recovery will be uneven. at the same time, vaccinations are rolling out very quickly in the u.s. italy is undergoing another lockdown. the rate at which we deal with covid will not be even across the world. you talk about ongoing supply chain disruptions we face around the world. we do not know if it will be a smooth recovery. there will be bumps, new variants of the covid will emerge. covid will be with us in various variants down the world and we will need to cope with that. on the whole, we are optimistic. this is a point at which startups can really accelerate. think what they can accomplish over the next decade. position themselves. emily: in the black swan memo itself, the warning was stark.

what if you cannot fund raise? think about your cash position. inc. about your headcount in if you can do more with less. certainly many companies suffered. many tech companies saw a renaissance. sequoia has huge ipo's with airbnb and doordash. when you look back, do you look back, do using sequoia over rotated on the warning or was that necessary at the time? >> we think it was necessary at the time. we have a global view. we have is this is around the world. we have -- we had an inkling of what was happening and the benefit of 50 years of experience. we told people not to panic. we told them to pause and think very deliberately about what to do next. we had a few portfolio come these that lost 80% of their revenue overnight. two countries were affected significantly overnight and had to make meaningful cost reductions to make sure they could navigate to a brighter future.

we saw some had to accelerate, as you pointed out, like doordash and instacart, like zoom who had to deploy technology around the world to make sure they could cope with increased demand. the call was really a call to prevent panic. emily: you recently closed a euro focused seed fund. have a huge business in china. you personally lead sequoias investments in youtube, instagram, and square. cooking at your new memo, you say the big question is which behaviors will persist over the next decade in which will be fleeting. what behaviors are you doubling down on at sick way echo what do you think will be fleeting? >> one of the phrases we came up with last year, which i still believe strongly, is covid is the shock that accelerates the future of technology companies. it was inevitable there was a future of food delivery, of

enterprises, of machine learning finding its way into more applications. we think most of these are things that are inevitable that have been pulled forward to the present. most of our comedies are benefiting from this change. the thing i am most excited about are the companies figuring out a hybrid environment, where we have the best of it in person expense and the best of technology, rather than them being at odds with each other. that is where we spend a lot of our time at -- right now. emily: given you are on the board of square, i have to ask how enthusiastic you are about bitcoin and crypto as we see jack dorsey doubling down. what is sequoias view? >> we have been active in crypto for a while. we are most excited about programmable contracts where you can use cryptocurrency to make

things efficient. that is the area of greatest interest for me. emily: you're also an investor at mercato and -- which is a video security company. they just had a big hack inside companies like tesla. they have had criticism of their corporate culture. i know sequoia is very hands-on with their companies. how are you handling this one in particular? >> the company reacted very swiftly. they are sending frequent updates on a daily basis. they are investigating and making sure this is an experience not repeated. emily: as work becomes more distributed, i am curious what your thoughts are in continuing to invest in companies that do not have a home office, where maybe employees are working in a lot of different places, versus more traditional companies where

everyone will be back at the office. do sequoia have a view on that or a preference? >> i think it is up to them. that is part of the beauty of embracing a different future. the truth is the opportunity is not evenly distribute it. tal is far more evenly distribute it across the world. -- talent is far more evenly distributed across the world. silicon valley has been a magnet for talent from around the world. increasingly, we see technology talent remain where they are. one company started in copenhagen. they have developing offices and a dozen countries. they have been part of this remote work movement for a decade. it is not new for them. i am excited about this ability to embrace talent wherever it may reside. given we have involved -- evolved as a social species, i

expect people will benefit from in person experiences. we saw a little bit of this when new zealand came out of lockdown. the online event space into new zealand continue, but it turned out people snap back to that old in person event basically to a pre-covid level immediately. it is who we are as a species. emily: really fascinating to have you here. to hear what you are thinking. thank you so much for joining us. you can check out sequoia capital's new memo. the nfl's $105 billion tv deal coming up. we will bring you the latest on what that includes. including a contract with amazon. more next. this is bloomberg. ♪

emily: the nfl just announced a new series of long-term tv deals valued at an estimated $105 billion, including historic contact that gives amazon exclusive rights to thursday football broadcast. cbs and fox will continue to carry daytime games on sundays. nbc will retain rights to sunday evening telecasts and espn will keep monday night football. the agreements start with the 2023 season. that doesn't for this edition of "bloomberg technology." tomorrow we continue our conversation about the pandemic one year on with the zoom cfo coming --, which is seen explosive growth. and our next chapter post pandemic. bloomberg daybreak: asia coming up next.

♪

it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today.

>> the following is a paid program. the opinions and views do not express those of bloomberg. >> featuring deborah norvell, an award-winning journalist, new york times best-selling author. >> we are all living in strange and unsettling times. never in history has everyone on the planet and challenged by the same things. covid-19 has changed the way we work, the way we interact, overall trying to figure out