sheryl: it is a controversial decision.e are not doing it for the money, this is less than 1% of our revenue. what mark said is that we believe in free expression, we believe in political speech and ads can be part of that. i think we are leading with transparency, to put out an ad library we announce a presidential ads tracker, which means you can see any at anyone is running who is a political candidate anywhere in the u.s. or in the world if it is not targeted at you. that kind of transparency we think is really important to people understanding. you also talked about investing in protection. one of the things we talked about on our earnings call just now is the size of the investments we are making. working with election commissions all over the world, hiring engineers, using machines and human reviewers, doing what we can to make sure people are kept safe. caroline: so when twitter decides to go in the opposite direction, does that make you question your own decision or do you stand by the fundamental reasoning and tra

my exclusive interview with sheryl sandberg.loomberg. ♪ this is bloomberg. ♪ caroline: pinterest results. 18% as revenue barely misses. let's get the inside track. what is everyone so worried about in this set of numbers? >> if you look back at the tryings preview, we were to determine whether it was a trick or a tree. it is clearly a trick. the big challenge for pinterest is their audience 70% international, but monetization is 10%. saw the rate of growth in yes, ational sales, and small miss is not significant, but the deceleration in international is why you are seeing pressure on the stock. joe: to use the selloff does not look out of line with results? >> i think you pointed out earlier that it was a tough day for mid-cap internet stocks, lyft and others. to have that kind of performance on a day like today results in a material downturn after hours. the call will be starting soon for there is to vote the company to explain what is going on. caroline: they are adding users in less lucrative international markets, but couldn

this is a lot of talk about sheryl sand berke you know, pressure -- sheryl sand berg, pressure on her all the stuff that's coming at them. that stuff is not really reflected in the stock price, as i said. the bipartisan sort of regulation that's being called for, if it does happen -- particularly if elizabeth warren becomes president, will be reflected. and that's what they're worried about, these investors, that these two guys -- you know, the people at the top are just not, you know, capable of handling the political aspect of this job. and now this job has become a big political aspect. i would like it to this, because i've been covering this a long time. back after the financial crisis who was in the hot seat? obviously, the banks. it baime jamie dimon and show trials. it hurt the stocks of those firms, those firms -- the banks clearly faced a lot more regulation. they faced some earnings issues. goldman sachs, just is so you know, is pre-financial crisis, a shell of itself, because of these regulations. so that's what investors are worried about when it comes to facebook, marley

part of our interview with facebook cielo sheryl sandberg -- facebook coo sheryl sandberg was on thatct. that is coming up. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." let's talk about our stock of the hour. today we're looking at lloyd's come out the bank out of the u.k. come falling 3% at the lows lloyd's, then -- bank out of the u.k., falling 3% at the lows of the session. in a chandran is here with more -- emma chandra is here with more. emma: profit at lloyd's almost wiped out in the third quarter due to a one billion pound charge for involvement in the miss selling of payment protections, a scandal that has dogged u.k. banks over a number of years and cost the multi-billions of pounds. this is expected to be the last charge. nevertheless, we are looking at the banking industry in the u.k. and in europe that has come under pressure. you can see how lloyd's andy how lloyd's and the stoxx 600 index are lacking. changes, looking at the coo looking to retire next year. the, norman blackwell, long-s

sheryl, thank you for joining me. >> happy to it be here. actually congressional correspondent former white house correspondent. >> forgive me. you wear a lot of hats. credit for that. he goes on to talk about how life was difficult and he has quite the back story. will you tell us more about the lieutenant colonel's child hood? >> so it really is an amazing story. uniquely american story i would say. alexander vindman and his twin brother yevgeny fled kiev with their father and grandmother and older brother in 1979. had almost nothing. left with suitcases and $750. the reason their mother wasn't there, their mother died in ukraine. they came to york really looking for a better life. as you read from the testimony, the elder vindman tumult poll job took multiple jobs and a love of this country and all grew up to pursue military paths. both alexander and his brother yevgeny entered the army and both are lieutenant colonels and i should say that alexander won a purple heart. was wounded in iraq. he's a combat veteran. not only that, with a har

this is ark, sheryl, trust business.he law does not protect you if your users believe you're theymining democracy, if believe you're harming civil rights, if you're harming public health, if you're harming privacy. there is no protection against that. and that is what we're seeing today. the issue i run into is in 2016, i am willing to accept that maybe they did not pick up the right signals. god knows i didn't. but once they were informed, once people like me, once president obama went to mark, there was no excuse. and they have clearly spent the entire time since then trying to use misdirection to keep us from seeing what really happened there, denying, deflecting, delaying any kind of investigation. if they were really since your about this i'm a they would have the trump every ad campaign showed on the platform. they would have shown everything the russians did. they would have given us all of the billing records. they would have done all of that kind of stuff. they clearly have not done that. it goes way beyond just

sheryl and i did a lot of work togeth together.to make sure that young people grow and thrive. now we have a bigger platform to do it and impact the entire city. so we are counting on you, young people, to step up and step out and be successful because i'm going to be retiring in a couple of years. so i want you to be prepared to take my place. that's the whole point. i could tell you got me. you're ready, yes. so with that, sister davis, can you come on up and tell the young folks how they can apply for opportunities for all because i want you to start now and i also want to make sure that we grow this program so it's not just the summer. we want to make sure that we are doing this year-round and we are going to hold all the big companies accountable who do business accountable to participate in this program which is a future for our young folks all over the city. ms. davis. >> thank you, mayor. give another round for mayor breed. i see you guys are already color-coordinated. you're ready to step into it. i would say the quick way

sheryl sandberg, the latest business flash headlines. -- theckerberg's facebook ceo told investors thattagram was not a true competitor and has only grown because of the social media giant. the u.s. federal trade commission is investigating whether facebook has violated antitrust laws. >> twitter is blocking all political ads. saying it is about beingates paying -- not free expressly. apple has predicted a revenue that the analyst estimates, signaling solid demand for iphone 11 models as well as services and levels. suffering -- something ceo -- softbank ceo spoke at an event in saudi. saudi arabia contributed $45 billion to the first fund, but did not anything to the second. >> into the lunch break, some of the key movers. sony nearly 3.4% and the company billion.200 demand a camera such a and you can see what is happening at the global economy. many people thought they would be a downgrade coming, but things are expecting growth now and one of the biggest in asia pacific index fully operating which is really much worse than the average estimate. advertising and gave businesses contrib

. >> when did sheryl sanandberg becocome awaware of cambridge analytica?a? >> i don't know off the top of my head. >> and did anyone on your leadership team know about cambridge analytica prior to the initial report by the guardian on december 11, 2015? so.ongresswoman, i believe some folks were tracking it internally. as you are asking this, i do think i was aware of cambridge analytica as an entity earlier, i don't know if i was tracking how they were u using facebook specifically. >> when was the issue discussed with your board member peter thiel? >> congresswoman, i don't know. >> this is the largest data scandal with respect to your company that had catastrophic impact on the 2016 election. you don't know? >> well, i'm sure we discussed it after we were aware of what happened. >> you announced recently the official policy of facebook now allows politicians to pay to spread disinformation. in 2020 elections and in the future. i just want to know how far i can push this in the next year. under your policy, using census data as well, could i pay to target

where they were due to meet twitter is banning political advertising on its platform next month but sheryl sandberg says facebook will not be doing the same. >> we are not doing it because of the money. this is last in 1% of our revenue and it is not worth the controversy, but mark said we believe in free expression. we believe in political speech, and ads can be an important part of that. manus: the saudi energy manager says mohammad bin salman will determine the timing of aramco's ipo, saying it will be soon at the right time. yousef: it is 9:00 a.m. in the emirates. this is bloomberg daybreak: asia least. i'm yousef gamal el-din. manus: i'm manus cranny. the bond market, hoping there will be another rate cut in 2020. december might be a debate. found by seven basis points yesterday, back at 7.18%. u.s. treasuries are a must buy. there is risk to the upside. 2% by the end of the year, it is said. equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s&p 500 is trading 20 times earnings. some fanfare around apple earnings but ca

jennifer morgan is cosi all of the german tech company as a p sheryl sandberg has operations at facebook and susan but just keep manages you 23 female exceptions in an industry dominated by men too bad especially considering that programming used to be seen as a typical job for women in the u.s. in the forty's they played a big role in pioneering digital technology but today less women work in tech only 14 percent of tech startups worldwide were created by women they found less developed less and because of that their creativity goes on used for the market do women face bigger challenges here's what these leaders have to say. if money is different we need more female role models come to think of it there's hardly any successful female entrepreneurs that i can look up to on it's like in all areas of life. he is asking him even without a role model or someone to live up to it's just hard for young people to find their way come and just as you have and it's easy for them to get discouraged. on the 1st meeting with let's say investors big c.e.o.'s of companies that they don't take you seriou

jennifer morgan is cosi all of the german tech company as a peek sheryl sandberg has operations at facebook and so as of a disk it manages. 3 female exceptions in an industry dominated by men too bad especially considering that programming used to be seen as a typical job for women in the u.s. in the forty's they played a big role in pioneering digital technology but today far less women work in tech only 14 percent of tech startups worldwide were created by women they found less developed less and because of that that creativity goes on used for the market do women face bigger challenges here's what these leaders have to say. if money is different we need more female role models come to think of it there's hardly any successful female entrepreneurs that i can look up to it's like in all areas of life. he is asking indians without a role model or someone to live up to it's just hard for young people to find their way come and just as you have and it's easy for them to get discouraged. on the 1st meeting with let's say investors big c.e.o.'s of companies they don't take you seriously so you'

jennifer morgan is cosi all of the german tech company as a p sheryl sandberg has operations at facebook and so as of a disk it manages you $23.00.

coo,ar from facebook's sheryl sandberg, next.s is bloomberg. ♪ taylor: this is "bloomberg technology." i'm taylor riggs in san francisco. facebook has seen its share of recent rain clouds with antitrust issues, cryptocurrency pushback, and data breaches hanging over his head. one of the most controversial stances was recently announced by ceo mark zuckerberg, who said facebook will not and political ads even though they are known to be false. in an exclusive interview after the company posted earnings, caroline hyde got perspective from facebook coo sheryl sandberg. >> this is less than 1% of our revenue and revenue is not worth a controversy, but what mark said is we believe in free expression, we believe in political speech, and ads can be part of that. i think where we are leading is on transparency. we put out an ad library, we announced a presidential ads , and that kind of transparency we think is really important to people understanding. you also talked about investing in protection. one of the things we talked about on ou

can lead to why sheryl sandberg?om all we heard, she seems to be the person most promoting profit at all cost and the company. most of the reporting that has come out of there has as she was the one who set up the advertising model. she's the one who has been really uncompromising about. ahead with anything that gets in the way a prophet soda being eliminated and some things that get in the way of profit are just necessary for our survival, like making sure that these platforms don't spark genocide, making sure they don't spark violence, making sure people thet get killed because of violence. taylor: in their defense, they wanted to create a platform in which there was public discourse, room for us to have these conversations and discussions. why is it then their burden to be able to regulate what is or is not set? >> because they built the room in which we are having this party. if you're hosting a party and don't card people before they come in and do not decide any behaviors out of bounds for the first 10 years an

joined by -- if not now, then in moments, the cochair of the committee, the esteem esteemed chair, sheryl davis. we're also here joined by one of the members of the workforce committee advisory committee and that's annie chung, the executive director of self-help for the elderly, as well. just to give you some high-level components -- it's just this one, lisa? thank you. thank you, lisa. we've also got members of our workforce team to make sure we can answer any questions that you have. the committees we're going to talk about today were established in 2014 under an ordinance 84-2014 establishes what we called the workforce lines committee, and workforce c.a.c., and those committees were scheduled to run through july 2017. in 2019, there was a second ordinance there which extended the sunset dates of those committees to june 30, 2019. there's -- we've referred to this period as kind of the first period of extension. throughout this entire time, we've continued to meet and continued to work to perform the duties of these bodies as we've discussed because the work is just too important not

but i want to introduce the cochair of our strategic alignment committee, sheryl davis. >> number onehe workforce alignment, we got to a place where we -- to be honest, not a lot of alignment. i think building trust was the most important piece, and i think we got to a place with the departments around the table to say we know we can do a better job specifically with the groups that have already been mentioned, people living in public housing, understanding the reality of racism and the way that it impacts your ability to move through society. i so i think being able to have those honest conversations and getting to a place where we're saying, not to talk in the he greggahe -- in the agreggate and that's where we are, and to be real and to start measuring impact. >> supervisor mar: thank you so much director davis, carr ardi arce, sharing some of the results of this amazing work. i had another question. could you point to the points of organized labors not being represented in this committee -- actually, i guess there are some seats on the workforce investment board. >> yes. and super

why sheryl sandberg?i think that, from all we have heard, she seems to be the person most promoting profit at all cost and the company. most of the reporting that has come out of there has as she was the one who set up the advertising model. she's the one who has been really uncompromising about full steam ahead with anything that gets in the way a prophet soda -- a of being eliminated. and some things that get in the way of profit are just necessary for our survival, like making sure that these platforms don't spark genocide, making sure they don't spark violence, making sure people don't get killed because of these platforms. taylor: that was new york staff writer andrew marantz. softbank is said to be readying a $5 billion rescue plan for wework. we have details. and later, our conversation with the man leading facebook's foray into, david marcus -- into cryptocurrencies, david marcus. this is bloomberg. ♪ taylor: wework's future remains foggy, but softbank is a said to plan a $5 billion rescue financi

sheryl, thank you. this video shows the moment that that fire ig nated. it's from a camera that's used to monitor wildfires. a broken jump ircable may have been to blame. the utility confirms it had not turned off power to its highest volt amg equipment during shutoffs that began earlier that day. daylight tomorrow will be critical for the firefighters to try and get that upper hand on the fire. smoke however from the kincaid fire is expected to spread across the bay area. want to bring in jeff ranieri, our chief meteorologist. laeflts talk about the wind. what we're anticipating over the next few days and of course the big wind event. >> the focus continues to be on sunday. right now we're definitely in between here with a little bit of right now. if you've been evacuated in app,erville, you're watching us see some calm winds. some head wind, occasionally 15 to 20 miles an hour. humidity up colleagues to 38. we have seen some new fire growth on the southern side. we're watching that closely. tomorrow, another hot 92 degrees. i don't see any problems wher

what's created this massive cognitive dissidence is mark zuckerberg and sheryl sandberg are saying, no, facebook will take the election and voter suppression very seriously. we will take down when officials might lie about a polling location or poll hours. what they're failing to recognize is that in 2019, voter suppression looks a lot more like racial appeals, like deliberate campaign misinformation. you could have local officials basically do a doored curednated campaign payne saying we're going to have police officers stated outside every majority black neighborhood on election day, or we could have local officials or the president say, you know what? if you fill out the census and you're la teen o we're going to give you information to i.c.e. facebook is saying that's fine, even though it's complete plies information, we're going to allow that to stand. >> reporter: i want to be clear because there's an election astake, they have said based on what they learned in the last election they are staking specific steps to protect themselves from foreign interference, letting people know

sheryl hender talks with one family a few weeks earlier her father was ambushed and killed by as fighters they're still in shock. and it wasn't joe biden on plus i think it will cheer me up to be able to forget everything for a moment i have heard that all children should come outside and discover the world through fell what if a man made team members set up the outdoor cinema and the school playground together with a couple of eager people who can't wait for the show. by sundown hundreds of children have gathered for the screening tonight it's a classic charlie chaplin the kid chaplin plays a homeless man who takes in an abandoned child and raises him. in the film with kurdish subtitles captivates the children for over an hour. to. rush through. i'm so happy my friend's outer animal has now when i wasn't so sad during the film i got to see my friends again i hope they'll show films like this again and question. making the crisis torn region a little more livable that's what the movie bus from commissioning and for and the succeeding night after night. the world athletics championships in

let's start our team coverage this evening with nbc bay area ease sheryl herd in lafayette which could go dark at any minute. what are you seeing? >> reporter: as you can see right now, the lights are still on here in lafayette, but that is for now. but as you can see, this business is anticipating a shutoff with yellow tape around the pump. right out there, you see cones in the middle of the street. the people i talked to seem to be a little annoyed by all the anticipation. >> i mean, if touyou want to haa drink, you can have a drink. >> reporter: owner jack moore deciding to turn a i way customers four hours before closing to prepare for a possible emergency power shutoff. >> it throws a little wrench into the daily operation, but you do what you can, roll with it, it's the restaurant business. >> reporter: the bay area is rolling with this planned power outage. traffic cones are out in lafayette. and police in the oakland hills are on high alert waiting for the area to go dark. >> we will lose power, but at that point, the generator will automatically signal to be turned on. >> repo

i know they had been trying to get sheryl sandberg. we wrote about that a couple of weeks ago. it looks like they got someone even better which is her boss. taylor: what do we know about the content of the hearing? kurt: this committee focuses on financial services. they also do housing stuff. facebook has been accused with issues around its advertising businesses. people are being discriminated for housing related issues. i imagine that will come up. once you get an executive in front of the committee, pretty uch anything goes. with mark zuckerberg being there, i imagine we will hear questions that span the entire gamut. taylor: i think i asked you this before and i continue to be perplexed, does facebook realize the amount of opposition that would be coming their way about cryptocurrency? kurt: it's hard to imagine they would have seen this level of pushback. if they had, i would hope that they would have gone out and done some of this work before. it is a tough situation. if they went out and had all of these conversations, it would've leaked. people would have said, what is