music and everywhere listen to podcasts coming up we dig into the controversy and spotify apple music and everywhere else in the podcast coming up we dig into the controversy surrounding law enforcement's use of d.n.a. testing websites like family tree d.n.a. legal roman law enforcement's use of d.n.a. testing websites like family tree d.n.a. legal media analyst lionel line on the book before we go check out this new style of media analyst lion-el line on the book before we go check out this new style of art or taking pharmaceutical school to school by storm painting with bad art or taking pharmaceutical school to school by storm painting it with bacteria yes these students from a pharmaceutical university in china are creating works. yes these students from a pharmaceutical university in china are creating works are use it in different cultures you are amusing in a build back a particular area i heard forms of bacteria. from this these communities and there's a myth. so what we've got to do. so what we've got to do is identify the threats that we have it's crazy confrontation l

music and everywhere you listen the podcast coming up we box the podcast is now available on spotify apple music and everywhere you listen to podcasts coming up we dig into the controversy surrounding law enforcement's use of d.n.a. testing websites like family tree dig into the controversy surrounding law enforcement's use of d.n.a. testing websites like family tree d.n.a. legal media analyst lionel line on the but before we go the innate legal media analyst lionel loveline on the but before we go check out this new style of our or taking harmless to the cool school school storm check out this new style of art or taking harmless to the cool school school by storm painting with bacteria yes these students from a pharmaceutical university is painting with bacteria yes these students from a pharmaceutical university in china are creating works of art using different culture forms in china are creating works of art using different color heard forms of bacteria. just yummy of bacteria. just yummy. please. please please. please. oh. please. live. live. live. live. live. live. live. live. very w

music and everywhere listen to pod to check out watching the hocks the podcast is now available in spotify apple music and everywhere listen the podcast coming up we dig into the controversy surrounding law enforcement's use of d.n.a. testing websites last coming up we dig into the controversy surrounding the law enforcement use of d.n.a. testing websites like family tree d.n.a. legal media analyst why no one on the you before we go family tree d.n.a. legal media analyst why no one on the you before we go check out there's a new style of art or taking pharmaceuticals to school check out there's a new style of art or taking pharmaceuticals to school by storm painting with bacteria yes these students from a private store painting with bacteria yes these students from a pharmaceutical university in china are creating works of art. using different colors from a suitable university in china are creating works of art using different color heard forms of bacteria. just forms of bacteria. just beyond me. tell me. and we're going to fulfill the repeated promises of politics. and we're going to fulfill re

social media and be sure to check out watching the hawks the podcast which is now available on spotify apple music and everywhere you listen your favorite podcast coming up can will some of the persons podcast joins us to discuss the latest on the ongoing controversy involving the staging of fights between inmates in california prisons for now though as we head into break i want to leave you with this video of a holographic gandhi speaking to a crowd at the invesco headquarters in paris 1st there was a holographic true parker. gandhi. leave. in 24 to you know bloody revolution to. the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know lawyer here i mean you know liz put me in the new bill is that i knew. the former ukrainian president recalls the events of $24.00 g. and. those who took. invested over $5000000000.00 to assist ukraine in these an article that will ensure a secure and prosperous and democratic. so what we've got to do is identify the threats that we have it's crazy for him to let i

social media and be sure to check out watching the hawks the podcast which is now available on spotify apple music and everywhere you listen your favorite podcast coming up can wilson of the on prisons podcast joins us to discuss the latest on the ongoing controversy involving the staging of fights between inmates in california prisons for now though as we head into break i want to leave you with this video of a holographic gandhi speaking to a crowd at the invesco headquarters in paris 1st there was holographic tupac roy orbison now gone be. one of them to follow and then comes out of the cold war you know on the set of one of monk one of them. a fine afternoon tea made to his nasty high. end of the month and into the i don't sense on. the flip side of the night. oh look a lot of those. that see it is someone who did the board. 70 years ago this week china started down the path of communist rule over the past few decades china has emerged or rather really emerged as a leading world power rivaling the us the communist party can write bleak play a string of stunning successes but challenges r

social media and be sure to check out watching the hawks the podcast which is now available on spotify apple music and everywhere you listen your favorite podcast coming up can wilson of the prison's pod cast joins us to discuss the latest on the ongoing controversy involving the staging the fights between inmates in california prisons for now though as we head into break i want to leave you with this video of a holographic gandhi speaking to a crowd at the invesco headquarters in paris 1st there was a holographic tupac. gandhi. the. whoever's situation where little grandchildren her little children ask their great grandparents. is it true that all these cars used to have people driving a. great granddad that's what we used to move. in 2040 you know bloody revolution to to crush the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it just a lawyer hiccup what if i mean your list put video of me in the new bill is that i mean you split needle the former ukrainian president recalls the events of 2014. of th

music and everywhere you listen to your favorite parts the podcast is now available on spotify apple music and everywhere you listen to your favorite or not so favorite podcast coming up top of the walls brings us an update on the world or not so favorite podcast coming up top of the walls brings us an update on the world ocean cleanup and then our team america correspondent alex mahela bij with us the latest from clean up and then our team america correspondent alex mahela bij with us the latest good news out of canada but before we. goldie's very important good news out of canada but before we go all these very important code of these very important messages let me tantalize your craving for chocolate with this code is very important as it is let me tantalize your craving for chocolate with this unique paris fashion show featuring models or nothing unique paris fashion show featuring models who are nothing. but chocolate yes their quotas are nothing but a chocolate yes their quotas are nothing but edible chocolate. love it. edible chocolate. love it. cooked additional somebody. coo

watching the hawks the podcast spotify apple music and everywhere you listen to your favorite or not so favorite podcasts coming up brings us and everywhere you listen to your favorite or not so favorite podcasts coming up brings us an update on the world ocean cleanup and then our team america correspondent alex date on the world ocean cleanup and then our team america correspondent alex mahela which is the latest good news out of the before we go which is the good news. but before we go these very important code of these very important let me tend to lies your craving for these very important code of these very important let me tend to lies your craving for chocolate with this unique paris fashion show featuring models. with this unique paris fashion show featuring models wearing nothing. but chocolate yes there was nothing. but chocolate yes there was are nothing but chocolate. that are nothing but chocolate. balls. there was a lot of problems with c.e.o.'s an insider dumping stock right after the i.p.o. c.e.o.'s an insider dumping stock right after the i.p.o. there should be a lo

cover on our social media be sure to check out watching the hawks the podcast it's all there one spotify apple music and everywhere you listen to podcasts coming up we will discover just so flimsy united states constitutional right to due process this will be something the awesome power of the u.s. state secrets of our court of law but want to be joining us in the meantime i want your take on a moment to ponder the highlight the world still skimming the trail being shipped to the scotland as i said stone skimming championship for the strip and still. at the moment. how do you know. you're not really well that's right because. it. was a little let up. that. you are misusing it's like. the world is driven by dreamers shaped by one person or those with. dares thinks. we dare to ask. the 24th do you know bloody revolution of. the demonstrations going to be relatively peaceful political protest to be creasing the violent revolution is always spontaneous or is it you know we're here to put a premium you our lives put to do with redeeming the new belief that i knew pulling you over the former ukraini

cover in our social media be sure to check out watching the hawks the podcast it's all there one spotify apple has it been everywhere you listen to podcasts coming up we'll discover just so flimsy united states constitutional right to due process this would be something the awesome power of the u.s. state secrets of the court of law but want to be joining us in the meantime i want your take on a moment to ponder this my life world still skimming the trail being shipped to the scotland yeah as i said stone skimming championship for the stupidest old championship of. the world. when else should seem wrong why don't we all just don't call. me. yet to shape out these days comes to educate and in detroit equals betrayal. when somebody find themselves worlds apart we choose to look for common ground. in 2040 you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still loyal i mean you are liz put video through the. school and you go to the ukrainian president recalls the events of 2

covered our social media be sure to check out watching the hawks the podcast it's all there was spotify apple music and everywhere you listen to podcasts coming up we will discover just how flimsy the united states constitutional right to due process is with something the awesome power of the u.s. state secrets of the court of law but want to be joining us in the meantime i want your take on a moment to ponder this highlight the world still skimming the trail being shipped to the scotland has said stone skimming championship for the strip and still. trail. the moment. when the make this manufactured consensus stick to the public will. when the ruling class isn't protect themselves. in the final. listen to the one percent. in the middle of the room sit. in the. room. gandhian by north it's so many people because a cop beat him. that even such a bad cop be sending. i'm not anybody and. i'm here to find that makes the. never get anything done deal fell to feed the dog she went on the attempt. the deflection move or the c.e.o. thing is the deflection what is happening to save. that is going to be

social media and be sure to check out the watching the hawks podcast which is now available on spotify apple music and everywhere you listen your favorite pod cast coming up we delve into the future of space travel and finding peace through space science and get us to leave the founder and executive chairperson of the space before we go thought you knew everything about life on earth i want you to take a quick gander at the law but yes this is a uni cellular organism of unknown nature currently on display at those who are logical part of paris not only has it stumped biologists as to whether it is a plant mushroom or animal but apparently it has no brain and is classified as having almost $700.00. different sexes and can solve riddles like finding its way but shortest way to get out of the labyrinth thank god it only beads on red mushrooms over what you. are. this is a stick up from the water bottle phone in the stomach of the fish the brand is sponsor of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad was there

cover of our social media be sure to check out watching the hawks the podcast it's all there one spotify apple music and everywhere you listen to podcasts coming up we will discover just how flimsy the united states constitutional right to due process is with the awesome power of the u.s. state secrets of the court of law but want to be joining us in the meantime i want your take on a moment to ponder the highlight the world still skimming the trail being shipped to the scotland has a so the stone skimming championship or the stupidest of them into. the world. the world is driven by dreamers shaped by one person with those words. thinks. we dare to ask. the whole great post scandal is ongoing the whole negative interest rates are the same as the. we work better in the bond market these things are happening or experiencing a breakdown of markets all over the world so what we have we dodge one bullet call the we work i.p.o. but we're getting gunned down in a financial pull a strong financial bad guys shooting at us with impunity. paradise with some ground turned into a round the experimentation

topics we cover our social media be sure to sort out watching the harpy podcast is available on spotify apple music and everywhere you listen the podcast coming up we'll discuss. so flimsy united states constitutional right to due process is one of the awesome power of the u.s. state secrets of the court of law but want to be joining us in the meantime i want to take on a moment to ponder highlight the world still skimming championship for the scotland has a sad stone skimming championship they are skipping still and triple triple. at the moment. thanks guys or financial survival guide. when customers go by your dish sometimes. didn't help well reduceable our. that's undercutting about what's good for food markets it's not good for the global economy. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. in 2040 you know bloody revolution here to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it

watching not to broadcast now available on spotify apple music and everywhere you listen to podcasts coming up lycos style mentor every his guests into a little perception and perspective to the never ending afghanistan war and the l. and george w. bush controversy stay tuned to. the brain does nor should you hear the word soon. renewed with a return to the. car liberating you damaged. the word that comes up and certainly the brain is incredibly sent delegates. can damage some of the brain you can kill the patient does by damaging one of 2 millimeters of brains was. about one of the worst cases of predatory baxter's defrauding and abusing the poor and sick that i've seen in a couple years you know we have energy issues are many instances of bankers preying on folks and this is this is a this is really after. thinking of getting a new book on the loans we got in our shoes from the model as he didn't know until he was trapped in this tiny little wired coach you don't need a crate with him he will just stir reaching out into the wall when it's pretty much anywhere near and thousands of

think of the topics to cover to be sure to check out watching our podcast which is now very one spotify apple can everywhere you listen the podcast coming up top of the wall it opens up the gallery on mass shooting drills at u.s. schools and parents fear over the joker's influence over their kids and what to see that the watching the whole. problem how wrong. yes. and i think that impedes the elections will be the most. recent american history because the stakes are incredibly party for both sides. trump this stake is just implementation of his domestic politics but actually avoiding prison for the democrats of the stake is if we think even deeper crisis of the party and even basic survival of the traditional if the problem will suffice for both playing . rugby and that comes out of. the set up one among them. a fine after 90. not the high i my. luncheon in front of the sun shone. from totally unknown to me just a lot of the. fans here is someone who did the board. leak didn't do anything. to. thank you. thank. you. safety can be as simple as a.b.c. always be careful but what does it mean whe

of our social media be sure to check out watching all of the podcast which is now available on spotify apple music and everywhere you listen to podcasts coming up the washington post is calling burt change and how that is it can everywhere you listen to podcasts coming up the washington post is calling burt change in how the united states incarcerates women but is building female friendly jails really the answer out of states incarcerates women but is building female friendly jails really the answer. an organizer with the black youth project $100.00 joins us to discuss. an organizer with the black youth project 100 joins us to discuss before you go take a look at this new smartphone case out of france that mimics the or you go take a look at this new smartphone case out of france that mimics the look and feel of the human skin yeah has because that's just what we were looking feel of the human skin yeah has because that's just what we were all asking for a smartphone it feels just like us all asking for a smartphone it feels just like us. cooked additional submersed so i know what was it get

watched the hawks label and spot a pot of hot can i opt out of this because now can never be one spotify applemusic and everywhere you listen to where you listen to podcasts coming up we can begin to come in a can up we did entrepreneurs like to surround me while i'm on the traverse forced to do some surrounding use of d.n.a. law enforcement use of d.n.a. testing websites like family tree d.n.a. legal media analysts lion-el on a testing web sites like family tree d.n.a. legal media analyst lion-el line on the book before we go check out this new style of our or taking our one on the book before we go check out this new style of our or taking pharmaceutical school school by storm painting with bacteria through the school the school by storm painting with bacteria yes these students from a pharmaceutical university in china are creating works of art you guys these students from a pharmaceutical university in china are creating works of art using different color heard forms of bacteria. using different color heard forms of bacteria. just yummy. just yummy. during the great depression which i'm ol

going to continue to happen as they continu with apple tv plus and other things that they are bringing out. they are already facing scrutiny for spotifypple music. it is going to continue -- as they continue to roll out new services, they are going to continue to see the scrutiny. liz: we are looking very close to a 52-week high right now. >> yeah, back above a trillion dollars. i mean, and this is apple's business model. they want to take their hardware and put up little tolls to build their services. liz: this stock, folks, its year low was $142. we are looking at it right now at $234. could ve would have should have; right? great to see both of you, jeremy owens and colin gillis. looking right now at brewing up profits with the closing bell ringing in 20 minutes. sam adam putting quite a different twist in a hard market that mass investors cheering. we will tell you why in just a moment. and you may not know this face on your screen, but we are pretty sure you've heard him voice some of the favorite cartoon characters of maybe your life and your kids' lives. this week everyone talks to liz pod cast guest is rob paulsen, that voice

and tariq trotter. [ cheers and applause that was fun megan's album "fever" is available on spotify and apple the last three takes and i'm like, i'm just gonna go for it man i don't know how to dance. >> steve: yeah >> jimmy: so i was like goin for it, i just heard, like - actually i just felt the cold. [ laughter ] that's how i knew it was real. >> steve: oh >> jimmy: but, i go, oh, we've got to put it in the video leave it in there, that was so fun. guys, we'll be right back with re "tonight show." [ cheers and applause ♪ to look at me now, you don't see psoriasis. you see clear skin. cosentyx can help people with moderate to severe plaque psoriasis find clear skin that can last. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor about an infection or symptoms, if your inflammatory bowel disease symptoms develop or worsen, or if you've had a vaccine or plan to. serious allergic reactions may occur. how sexy are these elbows? ask your dermatologist about cosenty

and helps stave off apple amazon. spotifyworld's largest streaming company, but in the u.s., apple is stronger. worldwide, spotify dominates. new areas of growth in india and latin america. in addition, they are trying something new. they will allow artists to pay to have their music highlighted. that is another area of growth. unrelated, the ceo is stepping down in 2020. his lieutenant will be taking over. interest, so short some of this is probably a short sweep. the outlook overall very solid. vonnie: thank you for that. much appreciated. hsbc morning of a rocky road ahead for its business. the potential write-down. the cfo spoke with bloomberg at length on the third-quarter earnings report. >> the markets continue to be choppy, which is impacting the wholesale banking business, particularly here in europe. vonnie: joining us now in new york is michelle davis, who covers banks for bloomberg news. michelle, why announce this huge strategy shift? he is only the interim ceo. the best it was not quarter for hsbc. they missed p

war means so you can't look at apple on a quarter to quarter basis it is a broader ecosystem play >> brian, we had reports that antitrust investors in congress asked spotifydetail alleged apple abuses we talk so much about anti-trust scrutiny now should we be focusing more on potential risks around a company like apple and the app store >> we cover the big tech names i would say apple is the least of my worries. elizabeth warren is beating the drum on big tech, going after some big companies we'll see what it means. i think there are some issues, there's some changes that need to be made, but she might not be running. hillary clinton may be running next year and surprise everyone. you know, at the end of the day, apple if i had to bring it back, it is the least of my worries. >> last week microsoft surprised me and quite a few people with some of their announcements of what they're coming out with at the end of 2020. it is another foldable phone, two screen tablet story. seen it in different form from samsung, huawei and others around flexible screens. what position, if any, that's different does that put apple in and what it has to come out with in 2020

lawmakers are asking apple rival spotify for information as part of a probe into whether the iphone maker uses antitrust behavior to support its apps. the music streaming service has been pushing for an investigation into apple for years. this comes as the magic kingdom launches a new line of attacks that's somewhat related to streaming. disney reportedly banning all ads from soon-to-be streaming rival netflix. the bob iger-led content giant earlier this year saying disney will not accept any advertisements from competing digital services ahead of its november 12th disney plus debut. the mouse house having a change of heart in recent months, compromising with nearly all of its opponents except for netflix. the "stranger things" purveyor not entering the upside down world. disney shares up 1%. netflix moving higher by 1.66%. the broader market is sweeping up these names right now. >>> meanwhile, i need to get back to apple. starting the day on a bullish note. that's why in part you see the stock jumping 2.6%, at $226.65. nikkei report says the company has asked suppliers to boost productio

and the example they like to talk about is moving your music library from apple to spotify. mr. furman, can you talk about the idea of implementing data portability and whether that's something that we should be exploring? >> yes, i think absolutely you should be exploring that. and it's not just downloading your data. it's really being able to port and move it over in a simple and transparent manner. the companies are making some progress in doing this through steps like the digital transfer project. i think in part they are making that progress because they think regulation is coming and they are responding to it. and to do this is not just simply passing a law saying you have to do it. you have to roll up your sleeves a little bit and go through use case to figure out how to balance the different concerns. but if you can do that and create more values for consumers and more competition. >> thank you. i yield back. >> i recognize the gentleman from north dakota mr. armstrong. >> thank you. and i think the chairman actually does have a myspace account. so dr. layton you seemed

spotify has 113 premium subscribers. they are keeping rivals apple and amazon in check.ning me on air, i want to talk about apple earnings. what did we learn? >> intense focus on the cloud. this has been an obsession. google has seen 20% revenue increase. and this has been about the cloud. that business really significantly increased. they have been broadening the customer base and what's interesting, if you look at the breakdown, that little bar refers to other, which includes cloud, includes hardware. they are looking to the future when it comes to revenue. taylor: all things out of that and google. that was ed ludlow. we will hear from richard branson next. this is bloomberg. ♪ taylor: this is "bloomberg technology." i'm taylor riggs in san francisco. let's focus back on the thing. alphabet shares fell in late trading after reporting third-quarter earnings. results largely impacted by the heavy investment in google's cloud computing business which is trying to catch up with rivals like amazon and microsoft. later this week, we get numbers from apple and facebook. they

apple. it's only a small percentage paying a commission. when it comes to spotify, they're one of our most successful developers. yet they pay a commission on less than 1% of subscribers to apple. they've been able to build a successful business. thanks to the app store. we are proud of their success. we continue to invest in tools and other resources to make it very easy tor developers to create great applications. you asked about how we came to the 30%. ten years ago, it is easy to forget, most software is distributed through physical distribution, like compusa or best buy. typically they would share 60% to 70% of the retail price with the distribution channel. we set an aggressive price of 30% only applying to digital content in an effort to compete for those developers mine share and it's been very successful. >> okay. do i have time, mr. chairman for another question? okay. just a quick question for mr. perault. facebook announced in january it would be integrating whatsapp, instagram and messenger, an announcement that coincided with growing calls in differen

and the example they like to talk about is moving your music library from apple to spotify. mr. furman, can you talk about the idea of implementing data portability and whether that's something that we should be exploring? >> yes, i think absolutely you should be exploring that. and it's not just downloading your data. it's really being able to port and move it over in a simple and transparent manner. the companies are making some progress in doing this through steps like the digital transfer project. i think in part they are making that progress because they think regulation is coming and they are responding to it. and to do this is not just simply passing a law saying you have to do it. you have to roll up your sleeves a little bit and go through use case to figure out how to balance the different concerns. but if you can do that and create more values for consumers and more competition. >> thank you. i yield back. >> i recognize the gentleman from north dakota mr. armstrong. >> thank you. and i think the chairman actually does have a myspace account. so dr. layton you seemed

find our podcast anywhere you find podcasts, apple, google as well, stitcher, spotify. >> are you goingt again? >> you can say alexa, play the podcast sand hill road, she will, even if i say it and she hears you and my numbers just went up. >> the volume is going down. >> okay, google, play the podcast sand hill road. >> it's kind of cool. >> it's a fun way to do t listen to podcasts. >> easy. good deal. >>> trending this morning, "star wars" fans buzzing about the final trailer for the new "star wars" movie. it comes out at the end of the year, but it has some fans already wondering if the latest "star wars" trilogy will end with a tragedy. >> what are you doing there 3po? >> taking one last look, sir. at my friends. >> "star wars: the rise of skywalker" comes out december 20th. some theaters are already selling tickets. here is a look at the poster, what do you think, is the force still with you? i know mike, you know doubt will go. >> i it newill definitely go. my kids excited to go. >> we'll take jackie. >> light sabers. >> jackie, remember me, mike, from your mom's work? >> remembe

including comments on smart speaker he is buy opportunity not a threat to business and comments on apple and spotifyand not getting the value for his new growth part of the business in the multiple because they have a legacy business not totally dissimilar from david solomon with goldman sachs. >> you brought it full circle, which will of. well done. >> did my best did my best. >> all right, which will of, thanks man see you back near. >> coca-cola set to report results. we have a report. >> we have a an important report for investors. one thing to watch when coke reports before the bell is organic revenue. the befrpg giant last quarter saw 6% growth and raised full year guidance did the growth continue with core products by coke zero? they also expanded in coffee sparkling water even energy drink. coke up 14% on the year but trails rival pepsi could up 14%. guys back to you. >> thank you very much appreciate that. >>> it's funny i was thinking about looking at the market and tentative comes to mind. >> yes. >> the way we trade we have tentative deals on trade, brexit maybe even uaw feels like the w

spotify has maintained its lead over apple and amazon.k its footprint in new york. is considering relocating out of the area several thousand employees. that would help rein in costs ahead of a possible economic downturn. jp morgan says it is committed to the new york area and it continually reviews where employees are based. in northern california, wildfires are raging. pg&e began restoring electricity. in these -- electricity in the largest deliberate lockout ever. -- blackout ever. electricity tof keep downlines from starting more fires. alix: what i find interesting with this is this is not going to end. who winds up footing the bill? there are still debates whether comes to the state or the company or the shareholders, the bondholders. who is going to pay for climate change? aboute: we always talk this. there are a lot of small businesses that lose $1000 a day. that could be the difference between them -- make or break situation. a lot of them point back to the government there and say you have to compensate us. this is another issue

spotify has been spending heavily to maintain its lead over apple and amazon and claims to be growinge quickly than both companies. sec commission planning a vote whether to ban huawei from a subsidy program. it will restrict u.s. wireless operators from buying huawei and prevents some telecom giants from gear they have installed. set to the -- fcc code on this november 19. getting to the japanese lunch a rough timehaving of it, cutting its operating target 13%. nintendo, up 1.9%. the chemicals meter, beating estimates. david: heading into the lunch break and close, we could be looking at the first golden topix index. this is bloomberg. ♪ david: it is 10:29 a.m. in hong kong. su: i sugita with a first word headlines -- i am su keenan. has headed over the baton to christine lagarde. agarde will take the helm of the ecb this friday. used to call the fabric -- the policymakers to order. draghi signed off with a call for more fiscal action. >> today, we are in a situation where low interest rates are not delivering the same degree of stimulus as in the past. because the rate of return on

spotify has been spending heavily to maintain its lead over apple and amazon, and claims to be growingquickly than both of them. an ipo in hong kong as soon as the first quarter of next year. the chinese startup that owns tiktok chose hong kong over new york. the report says it will sell its u.s. news feed business and hire a chief officer with links to washington to counter u.s. concerns. those are the top global tech stories we are watching. shery: alphabet shares are settling down around 2% in late trading after reporting third quarter results. investment in google's cloud computing business which is trying to catch up with apple and microsoft weighed on earnings. gerrit de vynck joins us in the studio. we just finished up a earnings call. the chart on the bloomberg the website and revenue continues strong growth but it is the cloud that may be weighing on the company. tell us a little bit of what is happening. gerrit: two major themes and depending on your quarter, the core advertising business doing quite well. growth is actually accelerating after decelerating the beginning part

and the example that they like to talk to me about is moving your music library possibly from apple to spotify. mr. furman can you talk about implementing data portability and if that's something we should be exploring. >> i think, yes, absolutely, you should be exploring that. it's not just downloading your data, it's really being able to port and move it over in a simple and transparent manner. the companies are making some progress like the digital transfer project. i think in part they're making that progress because they think regulation is coming and they're responding to it. and to do this is not simply passing a law, you have to roll up your case and go use case through use case and figure out how to balance the concerns and create a lot of value for consumers and create competition. >> thank you. i yield back. >> i thank you the gentle lady and recognize the gentleman from north dakota, mr. armstrong. >> i think the chairman actually does have a myspace account. dr. layton, it seemed like you wanted to respond. >> miss scanlon, to -- let me piggyback on dr. valletti, he has a paper on

. >> spotify has 30% i don't know is great margin apple has blended margin of 38% and going down higherell me. i don't know but like i just know. >> i got it. >> how about have at it. >> have at it. >> why are their gross margins going down why at 38% and fie phones 53% of total sales. >> hardware is seen as a into. >> it's reflected in the stock right now. >> okay. enough apple coming up, biotech have a monster month we'll tell you if there is even an bigger sector rally on the horizon but before that we celebrate the nationals world series win with a fast pitch. tim stepping up to the plate with name he says is a sfiure re home run much more "fast money" right after this that's a live tease by the way so good! high protein. low sugar. mmmm, birthday cake! pure protein. the best combination for every fitness routine. wyou can see relationships.gy, connections. patterns. you can see what others can't. ♪ by the way, she's the it wasnext mozart.g day. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our to

. >> get the best of "squawk box" every day in our new podcast subscribe to squawk pod on apple podcast, spotifyour podcasts ig even better? when you prepare for retirement with pacific life, you can create a lifelong income... so you have the freedom to keep doing whatever is most meaningful to you. a reliable income that lets you retire, without retiring from life. that's the power of pacific. ask your financial professional about pacific life today. >>> welcome back to "squawk box. with senator elizabeth warren continuing to climb in democratic primary polls, senator bernie sanders explicitly outlined their core differences in an interview with abc this week. >> elizabeth considers herself, if i got the quote correctly, to be a capitalist to her bones i don't. the reason i am not is because i will not tolerate for one second the kind of greed and corruption and income and wealth inequality and so much suffering that is going on in this country today which is unnecessary >> bernie sanders using capitalist now as an epithet joining us to discuss this and whether corporations will take a stand o

no shortage of stories to tell today at&t already out earlier this morning alphabet, spotify, t-mobile, gm, amgen. appleow a starbucks in there after the closing bell on thursday, pinterest just because of that ipo hype, what exactly they can do. that will be a big one there altria chevron and exxon typically report together on friday. if you take a look at all of these, it's because we are now getting through that large part of earnings season if you take a look at things so far, as things stand according to data from refinitive, with nearly 200 companies in the s&p 500 reporting, if every single company reports as expected for the remainder of the earnings season, earnings growth will be down about 2%. revenue growth up about 3.5% that's how things stand as we head towards the busiest weekend of earnings. by the way, andrew, that 2% decline in earnings, if you strip out the energy sector hypothetically, right now it's poised for a 39% drop in earnings growth. if you strip that out earnings season could actually be up half a percent this time around worth watching on friday when chevron and exxon repor

others and the bears only got more ammo when apple told us they were getting in the same business over the summer. all along i know i've been positive on spotifyept during a moment of temporary weakness when the stock was hit by a savage rotation out of growth into value. spotify's a huge beneficiary from the rise of the subscription economy they're happy to pay for monthly subscription service that gives them access to a huge library of content at a bargain basement price. plus spotify's always had impressive numbers it's been very frustrating to watch the stock flounder even as they kept delivering solid results. in august the company extended a free trial period from one month to three months which made people worry the streaming music space must be getting competitive. so when spotify reported that fabulous quarter on monday, thank heavens. well, they didn't just deliver better than expected numbers they also put many of these concerns to bed. they finally delivered exactly what i thought that they were going to deliver and then some the company posted better than expected sales, up 28% year over year remember, these are big numbers. they

apple. a lot to discuss here. >> and the premium -- the premium of spotify is 133 million, something like that >> yeah.disappointing. a lot of trials. >> yeah. >> but i do think that this is a company that did a direct listing, didn't have all that support. it has been doing well and maybe now it is getting recognition. you know what is interesting, mccaffrey came from netflix and this was all algorithmic in terms of what people want. and it is about time the stock started going up it is not a bad company at all i like it. >> you like it >> i like the podcast business the dominant podcast player. >> yes, they are >> these are good numbers. >> we had daniel ek on with us. >> yeah. brought him on worked very hard for that booking. sometimes you have to do those things, david, you make a lot of calls. i'm a benevolent person as well. >> benevolent is what i think of benevolent. >> in keeping with what the benevolence that aaron rodgers shows and brady shows. benevolent benevolent people. >> let's get to the bond pits this morning, rick santelli at the cme ahead of a busy week hey, rick. >> busy week when

look like they are in the clear of these apple is so far facing the least overall scrutiny they are facing an ongoing investigation here in the eu over spotifylaim the relationship tim cook has had has affected them relating to the trade war we cannot underestimate how this company relies on its supply chain and other countries that affect the chinese countries as well mark zuckerberg seeming to be a little less unscathed here regulation will be one of those key words on that. >> a number of analysts have looked at those over the second quarter from last year that was based on out look if we get numbers today similar to the second quarter where revenue is up. is there potential for a sell off. we have to ask that question before the open. what are we looking out for some of those numbers >> looking at some of those companies too. the out looked like they were going to be spending that weighs on how they'll be evaluating the stock facebook will further evaluate the expenses they are putting more efforts into fact checking and political content. this is something they are vesti investing heavy resources in a lot of analysts are looking at clos

some of the highlights monday here from spotify, alphabet and beyond me tuesday, gm mondle ease. wednesday, appleduncan and pinterest on friday alibaba and chevron report. >> also next week important week for media. we get the unveiling of hbo max. launch of apple tv plus. and disney plus the following woke all week long on "closing bell" we're coulding special coverage in a series we have dubbed beyond the bundle. the company strategies and personalities remaking the media landscape with guests like facebook cofounder and andrew mccull up who has a streaming disrupting company and famed hollywood producer brian grazer all of which is to come in a crucial week for media mike, back to the broader markets this week. didn't quite get that record high but close to it. >> yeah. >> and a decent set of weekly performance around the world about 1.5% of gains. >> it's been low drama the market plodding to a high. we also didn't mention we have a fed meeting on the decision coming wednesday. >> the "closing bell" be on the bundle. >> it's a positive thing which means we are not fixated on the macroand does