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tv   Bloomberg Technology  Bloomberg  August 24, 2021 5:00pm-6:00pm EDT

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>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, chinese tech giants store as investors try to get in at the bottom of rigell joy scrutiny from both beijing and washington. this as the sec doubles down on
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disclosures for chinese companies publicly trading in the u.s. what sec chair gary gensler told bloomberg about the future of foreign ipo's. plus, part of that coming from cathie wood. we will hear from her herself about her china strategy and more later this hour. looking to seize the day with blockchain technology dm, formerly known as libra. we will bring you a competition with facebook's david marcus about where the cryptocurrency process stands. but first, equities rising to record highs today. let's take a look with kriti gupta. kriti: green on the screen. it looks like big tech are performed because you see whopping huge gains. if they hold the big tech stocks. but the secret sauce for today for that index in particular is the chinese stocks.
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starting to see a little bit of a buy the dip mentality. 52%. that seems to be the margin. of course, factors that brought in some of the buyers to those levels. let me show you a terminal tart of what the etf flows look like because it where the etf's that seemed to cover the stocks. you can see the record index here, the kweb etf. people buying into the likes of alibaba. essentially a package deal. the chinese stocks were not only was a did well because you had some tech names on the side of the rally as well but not all of them. alphabet, facebook, the ones more geared to the cyclical recovery, the economic recovery, the business cycle essentially, those led the s&p 500, the biggest contributors to the game. the biggest decliners, apple, microsoft, the hard tech names. the defense of stories underperformed.
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we can still apply that to the tech story. emily: thank you so much for the roundup. meantime, the sec will demand that more than 250 chinese companies trading in the u.s. better inform investors about political and regulatory risks. expanding a dictate and recently confirmed for seeking ipo's here. ben bain spoke with sec chair gary gensler. you have been speaking to chair gensler for a while now. how is what he is telling you now -- hold on. we will get to president biden, who was just about to speak. president biden: i want to's peak about the progress we have been making on the bill back better agenda here at home. i just got off the phone with the leaders of the house. the house of representatives has taken a significant step to making historic investments. it is going to transform america, cut taxes for working families, and position the
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american economy for long-term, long-term growth. when i became president, it was clear that we had to confront an immediate economic crisis, the most significant recession we have had since the crash. but that was not going to be enough. we also had to make some long-term investments in americans and america itself. the first thing we did was to write and pass the american rescue plan, and it is working. our economy has added 4 million jobs in my first six months in office. economic growth is up to the fastest it has been, fastest rate in 40 years. and unemployment is coming down. right now, our economy growth is leading the world. but to win the future, we need to take the next step. today, the house of representatives did just that. today's vote in the house allowed them to consider my bill back better agenda a broad
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framework to make housing more affordable. right now, the cost of prescription drugs by giving medicare the power to negotiate lower prices for drugs, make elder care affordable, provide to use of free universal high-quality pre-k, and two years of community college, provide clean energy tax credits, continue to give middle-class families the well-deserved tax cut for day care and health care they deserve, allowing a lot of women to get back to work primarily, and provide significant monthly tax cuts for working families with children through the child care tax credit. these investments are going to lower out-of-pocket expenses for families and not just give them a little more breathing room. in addition, we will make a long much-needed investment in basic, hard infrastructure in this nation. this is an area where we have broad bipartisan agreement to invest in our integrated roads, highways, bridges, transit, drinking water systems,
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broadband, clean energy, environmental cleanup, making infrastructure more resilient to the climate crisis and so much more. and this is all paid for. instead of giving every break in the world to corporations and ceos -- by the way, 55 of our largest companies in america paid zero dollars in federal taxes on more than $40 billion in profit last year. we can ask corporations and the very wealthy just to pay their fair share. they can still be very wealthy. they can still make a lot of money. just begin to pay their fair share. making our country stronger and more competitive. create jobs and raise wages and the the standard of living for everyone. the bottom line is, in my opinion, we are a step closer to truly investing in the american people, positioning our economy for long-term growth, and building and america that outcompete the rest of the world. my goal is to build the economy
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from the bottom up and middle out, not just the top down. that is what we are on our way of doing. look, i want to thank speaker pelosi, who was masterful in her leadership of this, and leader hoyer and whip clyburn, and the chairman, the entire house leadership team, for the hard work, dedication, and determination to bring people together so we can make a difference in people's lives. i also want to thank every democrat in the house who worked so hard the past few weeks to reach an agreement and who supported the process for house consideration of the jobs and infrastructure plan, the bill back better effort. there were differences, strong points of view. they are always welcome. what is important is we came together to advance our agenda. i think everyone who did that, everyone who did it was there. i also want to thank everyone who voted to support the john lewis voting rights act. you know, it is an act to
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restore and expand voting protections, to prevent voter suppression, and to secure the most sacred of american rights, the right to vote freely, the right to vote freely, and the right to have your vote count. the house has acted. the senate also has to join them. the senate is an important bill to my desk. the senate has to move forward on the act, critical infrastructure for our democracy and the right to vote. we need both of those election bills. let me now turn to afghanistan. i met this morning with my counterparts in the g7 as well as heads of the united nations, nato, and the european union. i express my thanks for the solidarity we have seen as we stood up an unprecedented global effort. i updated our partners on the significant process we have made -- progress we have made in the past 10 days. as of this afternoon, we helped
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evacuate 70,700 people. just in the past 12 hours, another 19 u.s. military flights carrying approximately 6400 evacuees and 31 coalition flights carrying 5600 people have left kabul just in the last 12 hours. the total of 50 more flights, 12,000 more people since i updated you this morning. these numbers are a testament to the efforts of our brave service women and men, to our diplomats in kabul, and to our allies still standing with us. and we had a productive discussion. it was strong agreement among the leaders about both the evacuation mission underway as well as the need to coordinate our approach to afghanistan
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as we move forward. first, on evacuation, we agreed that we will continue our close cooperation to get people out no disruptions to our operation. in addition, i have asked the pentagon and state department for contingency plans to adjust the timetable, should that become necessary. i am determined to ensure that we complete our mission, this mission. i am also mindful of the increasing risks that i have been briefed on and the need to factor those briefs in.
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they are real and significant challenges that we also have to take into consideration. the longer we stay, starting with the acute and growing risk of an attack by a terrorist group known as isisk, an isis affiliated in afghanistan, which is a sworn enemy of the taliban as well. every day we are on the ground is another day we know isisk is seeking to target the airport and attack both the u.s. and allied forces and innocent civilians. additionally, thus far, the taliban have been taking steps to work with us so we can get our people out, but it is a tenuous situation. we already had some gun fighting breakout. we run this abuse risk of breaking down as time goes on. second, the g7 leaders, the leaders of the eu, nato, and the u.n., all agree that we will stand united in our approach to the taliban. we agreed the legitimacy of any
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future government depends on the approach that now takes to uphold international obligations, including to prevent a get a used as a base for terrorism, and we agreed that none of us are going to take the taliban's word for it. we will judge them by their actions, and we will stay in" in addition on any steps that we take moving forward in response to the taliban's behavior. at the same time, we renewed our humanitarian commitment to the afghan people and supported a proposal by the secretary of general of the united nations with unfettered humanitarian access in afghanistan. third, we talked about our mutual obligation to support refugees and evacuees currently fleeing afghanistan. the united states will be a leader in these efforts who would look to the international community and our partners to do
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the same. we are already seeing our allies's commitment. they are bringing to their countries the afghans who served alongside their forces as translators or at embassies, just like we are bringing to the united states the afghans that worked alongside our forces and up a mess. we are conducting thorough security screenings in the intermediate stops they are making for anyone who is not a u.s. citizen or lawful person. everyone will have undergone a background check, and we must all work together to resettle thousands of afghans who ultimately qualify for refugee status. the united states will do our part. we are already working closely with refugee organizations to rebuild a system that was purposely destroyed by my predecessor. finally, we agreed to stay vigilant against terrorist
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threats that metastasize around the world. we we to get to stand with our allies in 2001 for clear reasons. one, to get the people who attacked us on 9/11 and to get osama bin laden, and to make sure afghanistan was not used again as a base from which to attack the united states or our allies. we achieved that objective. we delivered justice to bin laden more than a decade ago. but the current environment looks different than it did in 2001 and we have to meet the challenges we face today. we run effective counterterrorism operations around the world where we know terrorism is more of a threat that it is today in afghanistan without any prominent military presence on the ground, and we can and will do the same thing in afghanistan with our over the horizon counterterrorism capability. cooperation with our closest
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partners on our enduring counterterrorism mission will continue to be an essential piece of our strategy. in short, we all, all of us agreed today that we will stand shoulder to shoulder with our closest partners to meet the current challenges we face in afghanistan just as we have for the past 20 years. we are acting in consultation and cooperation with our closest friends and fellow democracies. and i want to again thank all of our allies and partners around the world who have rallied in support of our shared missions. we ended the conversation today by a clear statement on all of our parts. we are going to stay united, lock at the hip in terms of what we have to do. we will get that done. tomorrow, i have asked secretary blinken to give you an update and a detailed report on exactly how many americans are still in afghanistan, how many got out,
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and what our projection is. thank you again. may god bless you and may god protect our diplomats and all those in harm's way. thank you. emily: president biden they are reiterating he will be sticking to the deadline the u.s. has set to leave the kabul airport for now, but also underscoring the number of americans, tens of thousands of them, the u.s. has helped evacuate from get a stand since august 14 at also since the end of july. but he reiterated it is a tenuous situation. each day brings added risk and that what the u.s. does will depend on how the taliban acts, not the taliban's word. i want to bring ben bain back and who has been listening from washington. u.s. allies from britain and france specifically asked to extend the deadline but he made at a point to emphasize a united front of all the allies. what do you make of what the
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president said and how he said it? ben: he certainly went out there to emphasize that he had this call with world leaders today and everyone was on the same page. he went through tick by tick talking about standing united against terrorism, essentially working together by continuing the evacuation, resettling afghan refugees. but i thought it was interesting also that he mentioned he had asked the doj and state department to look at contingency plans, should that august 31 deadline need to slide. you know, obviously there is a lot of attention being placed on that date. just coming up here next week. for right now, he says and the administration has continued to say they are on pace to meet that. but certainly, we are getting wind now from the president's mouth that there are plans should that need to slide. as we look to next week,
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everyone will be focused on august 31 two see if the u.s. and allies can hit that deadline. emily: absolutely. the president saying there is a serious risk of the evacuation process, the plan itself breaking down as each day goes on. of course, they have certainly been briefed by an intelligence that have been showing the risk of a terror attack is increasing. what do you think biden is thinking considering all of these factors? how are they weighing all the different scenarios, given the u.s. is key to not just getting americans out but afghans who have helped the u.s. military effort, but basically folks any other country? ben: what the president just said and what we heard is the u.s. seems to be focused on the idea of the nicest affiliate -- of an isis affiliate. this is not the first time the president has spoken about the idea that the al qaeda and isis are enemies. what he seems to be saying here
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is the longer the united states remains there in kabul and continuing this evacuation, the more that forces trying to remove people and people trying to get out frankly continue to be targets. so i think what we heard from the president was essentially that he sees the need to get this done by august 31 as we have continued to here by the white house. they are pushing ahead. they plan to get it done. what we heard today, there are contingency plans about potentially needing to extend past that and the administration is working on what that could look like. emily: all right. bloomberg's ben bain for us in washington. clearly, following a difficult and dangerous situation. thank you so much for your insights there. i want to stick with this. we will continue the conversation after this quick break. more "bloomberg technology" when we return. this is bloomberg. ♪
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emily: in other news, chinese tech stocks soaring as investors are trying to get in at the bottom of regulatory scrutiny from both beijing and washington. the sec has been doubling down on disclosures for chinese companies publicly trading in the u.s.. i want to bring in the eurasia group director. we just said goodbye to ben bain, who spoke with gary gensler today about the scrutiny the u.s. and u.s. regulators are placing on chinese tech publicly traded companies in the united states. i am curious what you are reading into these signals from the u.s. at the same time we are seeing the crackdown of the chinese companies from beijing itself. how do you see this play out? >> that is a great question.
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right now they are pushing to the new regulatory risk disclosure requirements and chinese regulators have signaled multiple times as we witnessed yesterday that they are interested in cooperating. i think this additional new disclosure requirement is not a major hurdle, but i don't see longer-term concern in terms of the challenge of u.s. companies having to comply with holding companies equitable in the u.s.. they can resolve. it is likely many chinese companies listed in the u.s. will face pressure. emily: meanwhile, china has dozens of domestic ipo's. who is the loser in this equation? is it the up and coming chinese unicorns, tech startups? >> i think those companies are
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very much between a rock and a hard place right now. they have been going at a very fast pace and would like to provide that to their investors. in the same boat, the private equity venture capitalists who happen working them for a few years, an opportunity to cash out their investment. they are very much in a poor position at the moment. emily: what does this mean for investors? for example, venture capitals like sequoia, who has a huge u.s. business but also a huge china business deal? what does it mean for the choices investors are making? xiaomeng: it has been a huge blow for those who are very invested in chinese platform unicorns the past few years. the chairman of south bend, who is one of the most aggressive players in the space, going to
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put a pause, at least a one or two year pause into new ventures. i think other players in the space, american counterparts are probably even more conservative and looking into their opportunity selection process going forward. emily: you have the chinese government taking a stake in bytedance at a board seat at bytedance, the company that of course owns tiktok, which is a pretty unusual step for the chinese government to take it that far. what do you make of that? xiaomeng: the practice of the chinese government affiliate entity getting a stake in chinese platform companies is not exactly brand-new. this happened in the past. the government took this drastic action at this politically sensitive moment when the company just survived the u.s.
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order last year. and is still in regulatory dialogue with the u.s. because tory screening for foreign investment. i think this action will definitely complicate the u.s. regulatory pressure and the regulatory process and trigger more political pressure for the u.s. body to scrutinize chinese tech companies with national security. emily: so much to continue to follow here. appreciate you bearing your thoughts. coming up, the social network getting into nft's. we will find out after the break after we hear from facebook's david marcus, who is heading the company's digital wallet division. after the break, we will hear from the head of that division. again, david marcus. this is bloomberg. ♪
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emily: welcome back to bloomberg knology. let's get back to the markets. i want to hone in on crypto. bitcoins rebound continuing, barely touching the $50,000 level. there seems to be more -- seems to be more momentum yesterday than today. >> almost there, clawing back those gains they lost in the last couple of months. underperforming a little bit but it's not just a crypto story.
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gold and the dollar lower on the day. the people who believe crypto and bitcoin are the next gold, they performed in line today. i want to talk about the spillover effect because crypto is not just the only way you can investing get that exposure. you can do it through stocks that tracked them. although those used to move in tandem, they have diverged, with stocks in particular like marathon and riot, a lot of companies that have used bitcoin, those stocks have lagged the actual cryptocurrencies themselves, making them less of a method to get that bitcoin exposure. today is a little bit of a different story. crypto down broadly today, crypto stocks outperforming the broader market. that diversions, we will have to keep an eye on that. emily: in the meantime, we got an update from facebook on the state of the social networks
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agile payment products. kurt wagner spoke with david marcus who heads the division building the digital wallet called novi. david: it is definitely ready now and we've been working on it for a couple of years. it takes time because it's not just an app. when you have to start the journey to serve as many people as possible left behind by the current system, you have to make sure all of your compliance systems are in place, that customer service is set up so that if they encounter issues, we want to make sure we can earn people's trust over a long time and, as a result, it took a tremendous amount of effort to get operationally ready on top of building what i believe is a really good wallet app that will enable people to send money to one another in a seamless way. kurt: you mentioned that trust
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and there are a lot of people who are distrustful of facebook. for whatever reason. they don't want facebook involved with their money. he wrote a blog post and you said that was un-american that facebook is getting this wrapped. what did you mean by that? can you elaborate on why you think facebook deserves people's trust when it comes to a digital wallet like this? david: i don't think we deserve people's trust. i think we deserve a shot at earning people's trust. we are well set up to do that. we have proven in the past that we can reduce costs in a very significant way with other critical parts of our daily lives like communication. if you look at how much an international call used cost and how much text messages used to cost for whatsapp and messenger,
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it was much more expensive and we helped reduce costs. i think we've done this in the past. we have a track record and i completely understand the scrutiny and the trust conversations, but i'm not advocating for blind trust. i'm advocating for a shot to earn people's trust over a long time and i think we are prepared to do that. kurt: let's talk meta verse for just a second because this is something mark zuckerberg is talking about a lot, this idea that we will be interacting a virtual world sometime soon. how do you think novi will fit into that? are these going to be the way people exchange value in the meta verse someday or is it too soon to put a stake in the ground there? david: thinking about the meta verse as a fully digital environment is super helpful
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when you design products that need to be future proof. when i look at what's going to be needed in the meta verse, it's really seamless movement of value and, for that, we need a new infrastructure. interoperability, because you will want to have multiple ways to participate in the meta verse and sending money from one wallet to another can't be a limitation. then you have all kinds of other things that are really important to think about when you think about the meta verse and not only related to wallets. you can think of all kinds of new models for creators to create revenue by creating digital assets and nft and creating new models around that. having programmable money and smart contracts and a purpose
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built blockchain is going to be transformational for the meta verse because if you are creating in nft, you may want to sell your nft, you will have to store it and you can think of all kinds of new business models around this that are not possible with the current payment infrastructure and without smart contracts. i think it's super interesting to start thinking about these things now so we can build the right infrastructure and think about how to design these products the right way so that they are future proof. kurt: you mentioned nfts a few times. i'm curious what facebook is thinking about nft's. what is facebook feeling right now about nft's as a product for consumers? david: it's too early to talk about our plans, but we are looking at a number of ways to get involved in this space
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because we believe we are in a good position to do so. when you have a good crypto wallet like novi will be, you have to think about how to help consumers support nft's. while there is no immediate plans i can talk about, we are definitely thinking about this. it's really an area worth exploring and one where we can have a positive impact for both creators and consumers on the others. emily: david marcus, head of facebook's jewel wallet project, novi, former head of libra. a who's who of tech ceos will head to the white house to address concerns over a recent and dramatic uptake in ransomware. tim cook, andy jaffe, sasha and idella expected to meet with president biden to talk about efforts to improve cybersecurity. also invited, representatives from the inking, water utility
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and energy sectors, all victims of recent cyberattacks. remember colonial pipeline in may? joining us to talk about the state of cybersecurity, the former coo of firmware, thank you so much for joining us. this is the first meeting we are seeing between big tech ceos and president biden. what do you imagine will be discussed and what do you think the outcome is going to be? >> thanks for having me. i think last time we talked was before the pandemic. any summit is going to be more interesting than the last mypillow summit on security. jokes aside, this is serious and it is good to see the biden administration and their appointees like the director of cybersecurity and infrastructure and people who are advising in silicon valley. i met her while she was going through her confirmation and
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she's smart and trying to build a partnership with the private sector. if you look at the state of those attacks, we have to take it seriously just like terrorism. when you talk about operational systems, they could be viable factors in the future. emily: that is quite a statement that this is just like terror. what do these ceos need to convey to the administration when there are other priorities like evacuating tens of thousands of people from afghanistan. sanjay: that is more important than anything that is going on. hopefully we will get to that in next couple of days and weeks. but cybersecurity, in the 1980's, there was an incident where union carbide had a spill and thousands of people died. quite frankly, if this were to
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have a nuclear plant or someplace else, this will be lives. we have to take these actors seriously. the question is how are we going to respond when russia, china, iran or north korea -- we have to develop eight retaliatory response and be bold and how we do this. we have to make sure there are ways where there's not victim shaming and ways for companies to come forward. this is the one thing i want to see happen -- when ransomware happens, the insurance that covers the payment -- i want to see companies participate in the fbi see go after these folks and recover that money. this applies to all these big tech giants coming together in a coalition and several steps taken tangibly take. emily: in the meantime, we are
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seeing work shifting dramatically as well and more work is going remote, more data going to the cloud and more companies relying on the cloud. has the threat of cyber getting bigger and bigger -- where do you see the shift in work and productivity going? how do you see this as an inflection point for potentially how we work for decades to come? sanjay: there is an inevitable move -- if you look at the big power players announced lengths month, amazon, azure, google -- collectively they represent about $100 billion in revenue. i do believe that security, when moved to the cloud, is better than smaller companies that may not have the technological wherewithal to do security. when you think about some of the federal processes that allow the government to have a secure cloud, they are investing in high-impact level, secret, top secret -- increasingly, the
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cloud will be a secure place. the other aspect is hybrid work. last year, during the pandemic, i set a goal of trying to talk to a thousand sheep security officers. i did not get quite a thousand. i did 700, 800, but it would be impossible in the physical world. zoom made this incredibly possible and easy. hybrid work is here to stay. be some combination of in person but with that comes a whole new state and the way to think about it is zero trust. you can't trust anything in this notion of zero trust is the wave of the future. emily: former longtime tech executive at sap, great to have you weighing in. x. coming up, ginkgo biloba works reports.
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that is next. this is bloomberg. ♪
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>> it's all going to be about consumer choice. emily: the president of shop if i talking about tiktok and expanding to be able to shop directly in the tiktok app. they have deals with other social media like instagram and
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pinterest. with school resuming across the country, ginko bioworks has partnered with companies on covid testing. they reported revenue of $80 million, up 180% year on year. big growth in its foundry business. especially with respect to covid. joining us now is jason kelly, the ceo of ginko bioworks. i would like for you to tell us how covid has changed and accelerated your business given the numbers we've seen. jason: basically, keeping things like workplaces and schools open. in the last three or four months, over $4 million with contracts for k12 testing. california, pennsylvania, maryland, we are doing statewide testing in those areas.
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once a week universal testing of every kid so schools don't have to close and you only send home students, not a whole classroom or school. emily: as a parent with kids in schools, i know testing is happening. and covid is out there. it feels very close to home. what are you seeing in the testing trends? what kind of numbers are you getting when it comes to positive cases and how does that impact how you think this is going to play out for school this year? ginko bioworks i have a sick shirt -- jason: i have a six-year-old and a nine-year-old. the delta variant is about twice as infectious as what we were dealing with last year. places that open, my kids schools were open and lots of schools in the south were open and what you did last year will not necessarily work. so you see districts shutting down in florida and georgia, places that open early. we should expect that.
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then also to be doing weekly testing so that when you have these inevitable cases, it's less disruptive and schools stay open. we do see schools doing it and ultimately, if they can take the kids out of circulation before it can spread, they can keep case number is low. and if you don't do it, you should plan on having your kids and quarantine a lot, which has been very frustrating for the states that open early. emily: we are learning new things about the potential and also the limitations of mrna technology. do you think we will keep needing shots to live with covid? jason: i think we will see regular boosters like with the flu. we just announced a partnership with one of the big vaccine manufacturers and we completed a one-year program that tenfold increased one of the key supply chain ingredients in the vaccine. this is a big part of our growth, taking a royalty with
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our business model where we get a royalty on the engineering cell applications. that's a big one for us. emily: give us an update on how you are progressing in human drug development and what we should be watching for. jason: we announced a partnership with biogen in the area of gene therapy. if you think about what ginkgo is built on, it's the idea that dna is code that you can read and write and program cells, that's let's happening. gene therapy is code as drug. you should expect to see a lot more of that even the success of mrna vaccines and we expect to be right in the middle of that by operating as a horizontal platform. it's like the opposite of the meta-verse. they are all in the real world and some of the biggest ones coming up will be in therapeutics. emily: and other synthetic biology company took a big fall
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a few weeks ago. i'm curious how your model is different from theirs and what you are learning from what they are going through. jason: the big distinction is the waking co-op is very much taking a page out of the tech company playbook. things like an amazon web purchase. we develop the app and a customer brings it to market and we get a royalty on it. it's like a revenue share like apple would take on the app store. we ended last year with more than 50 cell programs and just updated our projections from this year. that portfolio means we are not dependent on any success, just like apple is not dependent on any single app in the app sore. that's different -- the app store.
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emily: jason kelly, always good to have you and appreciate the rates on the pandemic and your work in it as it rapidly evolves. coming up, apple reversing course on a planned revamp of its iphone browser. details on that and a lot more. salesforce out with its quarterly report wednesday. thursday we will hear from hp, dell and peloton. we will bring you all the details and analysis. this is bloomberg. ♪
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mark: on this week's episode of power on, i will be taking a look at apple reversing changes to the apple web browser and how
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covid-19 continues to rock the company. in june, apple announced big changes to safari on the iphone. as the devices built in web browser, safari is clearly one of apple's most important apps. the biggest chain is moving the address bar from the top of the display to the bottom of the screen. the company unfortunately hid buttons for refreshing pages and sharing them. it was a clunky and confusing change without a real purpose. an earlier version may have ignored these complaints. after all, this is the same company that waited four years before ditching its failed butterfly keyboards, said the i-4 antenna issue is overblown and ignored issues with ios seven and praised the pro touch bar is fight little use from professionals. at this time, the company is listening to consumers and that a good thing. and the latest version of ios 15, scheduled to be released around september, apple reversed
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the changes, making the new design simply an option in the settings. i've already reverted to the classic look personally. in not so good news, apple is continuing its annual tradition of delaying some features. this year's victim is share play -- any mechanism for sharing your screen, listening to music and watching video with a friend over facetime. also likely to be the latest universal control. that's were multiple macs and ipads using one track and keyboard. another to be delayed's new mechanism for managing your data. in other news, covid-19 continues to impact the company's operations. apple has delayed its return to office plan for the third time, this time until january, 2022. covid has led apple to testing the staff three times per week. it's also impacting stores with apple needing to close one
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location in the u.s. because over 20 staff members were either exposed to or tested positive for covid-19. with major plans like an iphone revamp a mixed reality in the next year, apple is planning for a much better 2022. i'm mark gurman and this is power up. emily: don't forget, you can sign up for mark's newsletter on bloomberg.com. facebook is bringing voice and video calling to its social networking service. as the latest attempt to fine-tune its commute occasion features after spinning off messenger into a separate app. some users will be able to place voice or video calls starting on monday. that does it for this edition of bloomberg technology. tune in tomorrow when we will be joined by googles cloud risk director and the ceo of scooter
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start up bird. i'm emily chang. this is bloomberg. ♪
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haidi: welcome to daybreak australia. sophie: we are counting down to asia's market open. shery: good evening from bloomberg world headquarters in new york. u.s. stocks hit a record high in strong earnings in a rally in commodity prices outweighed covid concerns. haidi:

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