a. management company got a pleasant m.b.a. but it just i don't it doesn't interesting i own some of the company but i don't really get involved because i'm finding it doesn't interest me i just like to be around again it's much possible. that a great man i hope with together impressions soon absolutely i'll get together again and all of new just want to just generally been a really good friend a lot of times. you know best metta world peace will have more politicking right after this. that. you just have to fly between 2 kinds of little and as fast as you can. do much article i section the produce in which the focus for the. most mass less nature for some other nature just the. notion restores him push the sense of ice water rushes in racing is competition in the extreme to have a full use the specified route between the planes with the fastest time whims just a little salutatorian is reasonably good you're going to church every church community is really. good their really for you as. anyone who is a real careful this will sa

a. management company got a pleasant m.b.a. but it just i don't it doesn't interest me i own some of the company but i don't really get involved because i'm finding it doesn't interest me i just like to be around the games much possible. met a great man i hope when together in person soon absolutely we get together again and all of new just one just i'm generally been a really good friend a lot of times. you know best metta world peace we'll have more politicking right after this. just financial survival. when customers come by you're disappointed. in l. well we do some lower. that's undercutting but what's good for food markets it's not good for the global economy. is you'll media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being. direct. what is true what is faith. in a world corrupted you need to descend. to join us in the depths. or remain in the shallowness. welcome back to politicking we now welcome dr abdul siad to our program

a. management company got a pleasant m.b.a. but it just i don't it doesn't interest me at all and some of the company but i don't really get involved because i'm finding it doesn't interest me i just like to be around the games much possible. met a great man i hope when together in person soon absolutely we get together again and all of nudist want to just generally been a really good friend a lot of times. you know best metta world peace will have more politicking right after this. trade and investment to become magic spells to conjugate economic development. most people think about trade they think about goods and services being exchanged between countries and the investment chapter of a trade agreement as opposed to something very different but what when investment leads to toxic manufacturing that destroys secrets and makes all brew into the environment. that means if local communities that are being poisoned if they object if they do anything that the company feels is interrupting their profits they can be certain. the nat

how do companies manage a distributive workforce? talk to the ceo of your duty think -- pagerduty inc. this is bloomberg. ♪ emily: companies are racing to develop technology for productivity. a business doing that is pager duty -- pagerduty. the company has seen a boom in clients. tejada, thank you for joining us. great to have you back on the show just because it will help pagerduty does. you're responding with your technology, people working from home, talk about the demand that the pandemic is putting on your services. me,ifer: thanks for having it is great to see you. we are all living, working, and learning online that is putting a tremendous amount of pressure on online businesses, whether you are zoom and supporting the video world engaging by a -- via video or telecom. with more traffic on these platforms, they are experiencing unexpected challenges and that is normal. when you see an abrupt increase in traffic, you also see an increase in incidents. they are not necessarily a site going down or something went dark, they are a

a public company today. has to be a great business, durable growth company, managed well, a path to profitability, and they haveo be ready to be a public company. there are certain requirements in terms of management, infrastructure, systems that you need. vonnie: most of the chatter as discussed silicon valley because you use that language when you talk about what you are looking for, but are you looking at a range of other things, industrials, parts of companies, assets of different companies? bill: the highest probability transactions, the biggest universe, is the private equity controlled universe. are veryquity firms comfortable doing transactions with spacs, they understand the certainty and benefits. they understand transaction value. we have a number of discussion going on in private equity. privateioned earlier, equity has always been open to transactions with spacs. the biggest change is the venture-backed immunity is open to spac transaction today. in the last day or so, reid hoffman, member of the airbnb board, announced that he was raising a spac with one of the early angel investors. i do think th

a model company on matters of diversity there are workers from 118 countries at the software company's headquarters. different cultures and ways of thinking and styles of communication meet here. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he's responsible for over 20000 workers. from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere they're not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has differences they do have to accept we've also noticed that teams are more innovative when they don't all come from the same pot metaphorically speaking. in about a dozen. but of course this also applies in recruitment if we're more open as employers and

cap weighting is that the more expense i a company is, the bigger the bought it get in the portfolioful apple is a wonderful company, great products, great managements increasingly reliant on technology. what a great idea to have money in that kind of a company. but at what price? at its peak apple was worth more than the entire foot is city in-- ftse index meaning that apple, one company, was worth more than the publicly-traded british economy. well, is apple going to produce more profits for its shareholders in the decades ahead than the entire british economy? i don't think so. if you believe it, then it's fairly priced. if you don't believe it, it's a wonderful company that's overpriced. tesla's even more extravagantly peculiar on its pricing. jack: i had a feeling you weren't going to tell me to put it all in tesla. rob, thanks for coming by to share your views. >>> coming up, what investors nearing retirement should do now to shore up their finances. that's i'm hector. i'm a delivery operations manager in san diego, california. we've had a ton of obstacles in finding ways to be more sustainable for a big company. we were one of the first stat

myriad of factors like age ancestry gender domestic billets a nature and nurture and so is the world's work force so just how do companies manage to deal with human diversity i fit's to improve on that front a reality well mainly lip service that's our topic today on made data we use business magazine whoever and however you off welcome to the program. companies should be adapting to the realities of an open and diverse society however showing tolerance and respect for others in the workplace is perhaps easier said than done firms usually have to adopt a range of strategies to address the issue here t.w. where an extremely diverse bunch with people from 60 countries working together and over 30 languages and the differences with celebrating go beyond just where we came from as my colleague shock has been finding out. women and men young and old people of various ethnic backgrounds with different religions and world views different sexual orientations with and without disabilities the don't develop team in berlin is a colorful mix. i wanted to know how does it work at other companies how big a variety is there and how do the bos

a model company on matters of diversity there are workers from 118 countries at the software company's headquarters. different cultures and ways of thinking and styles of communication meatier. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he's responsible for over 20000 workers. from the company's point of view openness to diversity means locating the best talent for the respective job in the respective team we have these talents everywhere they're not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has differences they do have to accept we've also noticed that teens are more innovative when they don't all come from the same pot metaphorically speaking. you know but he wasn't. but of course this also applies in recruitment if we're more open as employer

. >> it's a management company >> reporter: ucommune has offices like this. enues are from professional photography and other services. >> in beijing it costs $145 a month. for a day $4 that includes facial recognition for security and tips on how to navigate the registration process for new companies. the ownercurrently has yet to make a profit and the company had hoped to be able to list on the nysc it ended up pulling the ipo and is now pursuing this back door listing for the nasdaq later this year. david, but i think it really shows just how challenging the situation is for the whole co-working industry, even though the founder himself is quite upbeat about co-working in china. carl >> fascinating stuff, thank you for that >>> later on today on squawk alley, do not miss the nfl commissioner roger goodell, 11:30 a.m. eastern on cnbc exclusively. a lot of questions about the upcoming nfl season, co-vid safety and a lot more. don't go anywhere. we're back in a minute ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie.

the quarter , so there is a massive link between growth and whether not you can go to work because of your kids. guy: absolutely. it is interesting to see how companies are managinghis. an upk jp morgan was there childcare programs try to make sure it is easy to find a way around this because corporations understand implications. it is probably almost easier for companies to take action then governments. alix: that is a great point. that's talk about reopening other sectors and when his movie leaders. tenant is the first major movie to be really string the pandemic, and it has grossed over $53 million worldwide. joining us now is rich gelfond. good to talk to you give us a perspective of how you're doing? rich: imax is a technology provider, in 80 one countries around the world. we provide technologies to exhibitors on a worldwide basis, so there has been kind of a rolling reopening. china reopened a couple of weeks ago with its first what buster and it did over 100 may dollars, net"then last weekend "te reopened around the world. as you say it did 53-man dollars. imax is a healthy portion of the box office, so the takeaway where it is safe to open people want to

a model company on matters of diversity there are workers from 118 countries at the software company's headquarters. different cultures and ways of thinking and styles of communication meet here. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he's responsible for over 20000 workers. from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere they're not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has differences they do have to accept we've also noticed that teams are more innovative when they don't all come from the same pot metaphorically speaking. in about a dozen other. but of course this also applies in recruitment if we're more open as employe

a rapidly growing it firm. >> two years after she began working at the new site management company, she gained 20 kilograms. >> the woman changed jobs after it took a toll on her health. but her friend says he can't quit his job no matter how much he wants to. >> he lives in an apartment near his office. to save money on rent, he shares an apartment with four other people. his only personal space is a 15 square meter bedroom. he pays more than 7$700 u.s. a month in rent. every night, new video chats with his girlfriend of five years. they're thininking serriously at marriage. his girlfriend has a beijing based record having been born in the city. his record is in the countryside where he grew up. without a family record there, it is difficult to buy real estate or a car in the chinese capital. it also stands in the way of obtaining proper education and health insurance. that's why his girlfriend's father suspects he has all tier your motives for the relationship. >> now her father is demanding that he own a home as a condition for marrying his daughter. but property prices are surging in beijing. the cost of

china, it's a very strong company, very well-managed. it has a great long-term future ahead of it.es have some hiccups with some of their brands, but as long as kfc continues to grow, i think they will do fine. there are a lot of challenges in the china economy. hit, a lot ofvid chinese restaurant chains were facing a lot of uphill battles. we have got a glut of malls. there's too much real estate. there is an oversupply restaurants. the delivery segment, which tends to be lower-priced, has heard a lot of full-service restaurants in china, but there are headwinds. overall, the foodservice service market will continue to grow at probably 5% to 6%. shery: i personally have stopped eating out since the pandemic started and now that i think of at home.e been cooking even after the pandemic is home, i feel like i will go out less to eat. what are some of those fundamental changes in consumer behavior that you are expecting to see in china, and how does yum! brand fit into that? joel: yum! brand was one of the first large companies to embrace the digital era, so they have adapted quickly

solace, the use of proceeds that has gone to share buybacks and dividends activity from management companies, that has hit a-year low. so we do think the issuance that we saw was companies being prudent, taking liquidity while they could get it to brace for the potential slowdown as a result of covid. but we have not seen that going out the door to share buybacks and dividends yet. joe: how closely are you following the politics situation in d.c.? do you have any investments which are predicated on further support, or do you have a view on the need for further support? it is certainly something we keep a close eye on. especially in the sectors that have been hit the most by covid. airlines, hospitality, restaurants, etc. benefitedstries have from some of the fiscal policies. continue to rely upon those going forward. but that is a relatively small percentage of our portfolio. there's plenty of opportunities in healthy industries that don't rely on a fiscal bailout from d.c. but it is something we are paying attention to. caroline: great to have you. we wish you a very good long weekend. and a reminder, you

managed before the pandemic. what has been unbelievable ended firing -- unbelievable and inspiring is how well many companies have managed during the pandemic, here we are, having a the technology has made this pandemic relatively tolerable for many, many people and many companies and i am confident the companies i own are going to resume the growth and continue comesive after ea vaccine out, and we can finally slay this unnatural and frustrating beast we are all fighting right now. so i feel good about that. but certain companies have benefited more than others, and i always prefer to invest in companies that are doing well right now. so i would say the fund is in work from home, study from home beneficiaries, then not.- than i am not that big in airlines or hotels at this moment. but they come as you know, will benefit when the pandemic finally ends. amazon has been an unbelievable stock, extremely well-managed, a continued opportunity as e-commerce continues to gain market share. think about it this way, erik. who wouldn't want unbelievable selection, great prices, and the convenience of having your purchases delivered in a day or two, right to your very doors

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there are some analysts who really do a great deal of work, who present an interesting take on a company who are in the afraid of antagonizing a company's management fewer than the average who are looking to plug things into a model and potentially raise the price target when appropriate and or go with the momentum would you agree? >> yes i mean, for instance, there's six different firms that told you to buy adobe ahead of the quarter tonight. maybe value added, the stock has been going up, but the notion of adobe beating the quarter is not shocking, the motion of coming in here tomorrow morning and carl saying to me -- carl, adobe is up big, what's going on and the answer s well, the analysts predicted that digitization is doing well and you've got to buy adobe. carl, this is -- i want to make this point that it's really important that people recognize that this is galconda so to speak. even as america seems like it's anything but halcion the stock market is filled with stocks that either get bought or the analysts love them, whether they are industrials and it's cat and deere or whether it is biotech where they're doing something against covid o

. -- a real issue for a huge share of the economy. one company has managedt a better rent deal because of its power. restaurant -- high-end restaurant that is still open. restaurantsut small ? they can't negotiate the way larger ones can. joe: i want to bring in a cheap economist to talk about this. he is also the co-owner of a ling l.a. bar and restaurant in pennsylvania -- of a bowling every -- bowling alley bar and restaurant. back to seeing a normal recovery? >> we have seen a slight increase in revenues as people are more comfortable coming out. we have also been doing outdoor stuff. we were doing that before. take out has increased. we are up to the exciting level of 28% of normal revenues. caroline: wow. managing to make ends meet. i am interested about how you make ends meet in terms of when you see small businesses, we are talking about 25% opening indoor diming in new york. everyone becomes jubilant. does that help with the margins being so slim? >> note. you don't open a restaurant with the financial model based on 25% occupancy. it just doesn't w

versus the large company or both, you know i think amazon as it is becoming a bigger company has continued to be very well managedause it is still a founder led company. so it still is highly efficient and you don't have the issues that some companies have when they get large nap is o that is one topic. on the regulatory front, nobody knows. what i lean on is that this company treats it's consumers so well that certainly there are issues that happen with suppliers and others in the supply chain that are highly competitive. but from an anti-trust standpoint, it is hard to conclude that amazon has a problem given the relationship that they have with their customers nap is my view on that so i think on both fronts, you know, they're fine in the fundamentals of the business they have never been stronger they're the prime beneficiary of what is happening in retail. the carnage and the shift long term and they're a significant player in web services that experienced an acceleration in it's trends as well. >> we appreciate it, scott, see you soon >> it is half past the hour, time for a update. >> indeed, i do, john, tha

a model company on matters of diversity there are workers from 118 countries at the software company's headquarters. different cultures and ways of thinking and styles of communication meet here. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he's responsible for over 20000 workers. from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere they're not only white or german but could be indian male homosexuals accent or a if you only look at the specific requirements of a job a diverse team automatically emerges. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has differences they do have to accept we've also notice that the more innovative when they don't all come from the same pot metaphorically speaking. in about a dozen i lost in life. but of course this also applies in recruitment if we're more open as

a company that minds this stuff? -- mines this stuff? >> mining stock, you buy stock in a company which means it could be a good or bad company. you have management activities they have. that is not gold. i agree this year, the main driver behind the price are the central banks in the etf's. etf's are holding all-time highs of almost 4000 pounds now. i agree, etf's are a good tactic tool to get exposure to gold. them is the, one of power rate. when you look at the long-term holding, do you really want to take a promissory note? can you count on the trust to do good business? the second concern, whether the underlying assets are there 100% of the offering. i would like to remind you, in april, we saw the future market trust fork, almost 5% gold in new york because there wasn't enough gold in comex to supply the physical delivery for the contract. from an investor point of view, do you want to have the physical underlying asset under your name or do you trust the trust to hold enough gold to allow redemption? etf'sd to be the only, were the only way to trade gold. there are great companies, lots of options, but there are companies that globally all

. >> reporter: but do you think it is kind of humorous that a good has written a book about how to manage a companylled "no rules rules." it gives netflix employees an unusual amount of freedom and responsibility, offering unlimited vacation time, and paying top of the market salaries, but in exchange...what's the keeper test, though? and i say that because everything isn't funny and wonderful here. i mean, it is tough. >> we run like a professional sports team. we're trying to get the best players on the field at all times. if someone was leaving to go to another company, would we work really hard to keep them at netflix? and if so, then they pass the keeper test. if not, we give them a very generous severance package and we let them go. >> reporter: well, sometimes they don't want to go, but the keeper test says it is not worth keeping them, and therefore you have a reputation, this company, of being ruthless. some people call it the "hung gaarhunger games" company. >> it is not like the hunger games. this is a total cooperation. but if you're going to win the world cup of entertainment, you've g

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getting closer, shares shoot towards the stoxx 600 after the rival veolia raises a stake in the waiste water management company. >>> european markets are off to a weak start we did get glimpse of green early on the ftd se 100 down. bouncing off the absolute lows in the morning the ftse mib down in italy we saw the stoxx 600600 fell 0.5% banks under performing we have seen a little bounce back oil and gas up 0.6%. shell shares performing well within that basket u.s. futures red on the board there. the dow about 160 points lower we saw the dow fall about 130 points the s&p 500 looking to open a bit weaker and the nasdaq looking to open about 90 points lore this is after the first of the presidential debates between joe biden and president trump. closing out september the final day of september, you can see the cac 40 underperforming in the indices. the ftse 100 and the dax holding up a little better europe overall where major indices have taken a harder hitter the nasdaq down 6%. scott, great to have you with us let's kick off on the note where you see things moving forward. what we have seen is that the policy

what awful has done is come to a very particular arrangement with the irish government whereby it says that those profits made are actually managed to elsewhere in a company that does not actually have a fixed abode and because of the us the irish government alive it's awful to diverse its profits and the tax paid to a company that doesn't actually exist anywhere in particular and that's what led the european commission to conclude that opera has in effect only been paying about one per cent rocks in our land when in fact you're talking about about millions perhaps even billions going from apple somewhere out there. who are on the outs again somewhere out there exactly 13000000000 to. it seems extraordinary that the irish government doesn't want 13000000000 euros why well to put it simply because it thinks its relationship with awful and its reputation as a destination for tech investment is worth more than 30000000 euros and you can see why when you look at it from our lives perspective it's a small country it doesn't have much industry of its own to both of these tech companies are hugely valuable to the company that to the country they provide prizes o

managed our death for capital far in excess of germany and most other countries. i think americans realize that we have a very bad business manager with bankrupted many companies forbankrupting our country putting us in banter and he's dishonest and he's have live death it's a very very scary situation misprinted you know you if you were a lifelong republican you served for a republican president in the white house but listening to you tonight i would say that you sound like a die hard democrat what what has happened to the g o p. i've been political independent i was a republican for 30 years i let the republican party think that a the republican party for decades was stronger and standing up to the russians and their aggression from other countries and the idea of another country manipulating our lections and selecting our president and a president who might be indebted our country's and a president who behaves the way donald trump has should be anathema to anyone who is that in the republican party with a degree of seriousness over the years including and also democrats and independents this is not a partisan issue and it's very unfortunate they support us mr p

what awful has done is come to a very particular arrangement with the irish government whereby it says that those profits made are actually managed to elsewhere in a company that does not actually have a fixed abode and because of the us the irish government alive to diverse its profits and the tax payable on us to a company that doesn't actually exist anywhere in particular and that's what led the european commission to conclude that apple has in effect only been paying about one per cent rocks in our land 35 years old about millions perhaps even billions going from aapl somewhere out there. who are on the outs again to somewhere out there exactly 13000000000 to the needs and it seems extraordinary that the average government doesn't want the 1000000000 euros why well to put it simply because it thinks its relationship with awful on its reputation as a destination for tech investment is worth more than 30000000 euros and you can see why when you look at it from marlins perspective it's a small country it doesn't have much industry of its own to both of these tech companies are hugely valuable to the company to the country they provide thousands of jobs s

managed our death for capital far in excess of germany and most other countries. i think americans realize that we have a very bad business manager with bankrupted many companies forbankrupting our country putting us in bangor and he's dishonest and he's had limb death it's a very very scary situation when this pretty you know you if you were a lifelong republican you served for a republican president in the white house but listening to you tonight i would say that you sound like a die hard democrat what what has happened to the g o p. i've been political independent i was a republican for 30 years i let the republican party think that the day of the republican party for decades was stronger and standing up to the russians and their aggression from other countries and the idea of other countries manipulating our elections and selecting our president and a president who might be indebted our countries and a president who behaved the way donald trump has should be anathema to anyone who is it and the republicans are in with a degree of seriousness over the years including and also democrats and independents this is not a partisan issue when it's very very unfortunat

a car company. i'm a delivery operations manager in san diego, california. cles in finding ways to be more sustainable for a big company. we were one of the first stations to pilot a fleet of zero emissions electric vehicles. the amazon vans have a decal that says, "shipment zero." we're striving to deliver a package with zero emissions in to the air. i feel really proud of the impact that has on the environment. but we're always striving to be better. i love being outdoors, running in nature. we have two daughters. i want to do everything i can to protect the environment to make sure they see the same beauty i've seen in nature. my goal is to lead projects that affect the world. i know that to be great requires hard work. my ♪ where everybody knowss ♪ someyour name ♪ant to go ♪ and they're always glad you came ♪ applebee's. now that's eating good in the neighborhood. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. >>> it's been quite a week

manager guy, what do you make of these additions? >> etsy is a fascinating company. we purchased a guy adami sock puppet on the etsy many years ago. the stock traded up to 135 it's pulled back people will rank on this company in terms of valuation, but the growth has been there. how long it lasts, i don't know. out of the ones you just mentioned, etsy is the one that sticks out i never would have said this because i didn't understand it i sort of understand it now. >> h & r block comes out of the s&p 500. >>> breaking news on amazon web services >> a tough new worded statement from amazon web services this responding to the pentagon which earlier today suggested that it favored microsoft for this massive $10 billion contract on cloud computing. amazon web services responding to that statement from the pentagon, accusing the president of blatant cronyism here the statement goes on to say that the president is simply making the wrong decision, amazon suggesting this is nothing more than attempts to validate a flawed, biassed and politically corrupted decision some very

and the manager of a company. i would like to increase my pool of african-american employees but they're not coming from the universities i recruit from. then have the test scores. in the case of new york city. they passed it to get into the most elected schools the problem is always somewhere else. in fact it is always places. >> i want to talk a little bit about how long you had been thinking about this book. you walk through the city. you think it is a melting pot and inter- gated city but it's anything but. and you move through spaces and it really sticks out to me. i know in your fiction you had been working through some of these questions. in trying to understand what a freak consciousness really means. how did you start feeling like this. i will tell the story. this has been a 20 year long process. i had been writing about what it means to live in a multicultural pluralistic society/world and also what it means to inhabit a black consciousness is it perfecting itself. the black americans don't have full soc

managed our death for capital far in excess of germany and most other countries. i think americans realize that we have a very bad business manager with bankrupted many companies forbankrupting our country and putting us in banter and he's dishonest and he's had limb death it's very very scary situation misprinted you know you if you were a lifelong republican you served for a republican president in the white house but listening to you tonight i would say that you sound like a die hard democrat what what has happened to the g o p. i've been political independent i was a republican for 30 years i left the republican party that the day of the republican party for decades was stronger in standing up to the russians and their aggression from other countries and the idea of other countries manipulating our elections and selecting our president and a president who might be indebted our countries and a president who behaves the way donald trump has should be anathema to anyone who is that in the republican party with a degree of serious so over the years including and also democrats and independents this is not a partisan issue and it's very unfortunate that you support

a lot of companies have to manage to live with reduced sales for quite a long time because we have toeal with an eek n economic situation where we'll have a recovery, yes and not step by step and not in all industries >> how the financial sector will lift economies out of the covid slump. >> translator: we have to ask ourself what the in you normal is it is different from the crisis 12 years ago because banks were the first in this pandemic to be part of the solution we have to see what will happen in the future, will we continue to be part of the lugsolution >> our guest will join us now. great to have you on the show. with he were discussing that european banks are not participating in this rally we are seeing what do you pin that to? >> i don't think i would attach too much to the performance of one simple movement of one day banks have declined a bit over the past couple of months over covid-19 and under the policies of the fed and european central bank perhaps a sense of that will continue we've seen the deflation hit the eurozone it seems the ecb will become more aggressive. tha

so ultimately the company knows the expectations are high, it is a world class management team. while it may get ahead of itself depending on your point of view, i think for investors like berkshire who take a much longer perspective, altimeter is both a buyer into the ipo today and we intend to beholders and partners with in company for a long time to come. so if you are just taking that 12 month view and looking at the price to sales, i think that you will constantly be disappointed in not only markets like these, but all markets. you really need to take a much longer term perspective and be willing to tolerate drawdowns in this stock if rates go up, you could see all software multiples come in by 20%, 30%, and if you are not willing to tolerate that, you shouldn't be investing in growth companies. >> not every investor has the luxury or discipline to be able to do some of those things there are 12 minute traders and there are 12 year traders and in between. and jon fortt, we're waiting for frank slootman wans the stooncek opens. >> and what i'm trying to do is shift my thinki

. >> reporter: she's a marketing manager at the company "drop." been selected for the alwaysa program and put down a $125 security deposit for an apartment where she will live buy herself. >> i've lived with about 20 different people over five years, so i'm looking forward to living alone and being able to do so affordably. >> reporter: tulsa is giving her that $10,000 in cash that could help her buy a house some day where a four bedroom house cysts for under $300,000. she's also leaving behind her boyfriend, for now. >> i am going to be making the same exact amount that i make sitting here in berkeley, as i will when i'm in tulsa. except i'll have $10,000 extra in my pocket. >> reporter: david louie, "abc7 news." >> now m, as entiszing as that y sound, many weighed in that that's not enough money to give up living in the bay area. and as we've been reporting, some companies are starting to adjust their pay lower for remote workers moving to cities where the cost of living is lower. >> right. okay, get the latest news any time with the "abc7 news"

a brand new path as van and i worked for a dax listed company i was responsible for personnel and organizational development worldwide but i was a good manager manager yes a stellar career with top pay but by her late forty's she'd had enough it's hot so my stuff isn't my maybe it had to do with my age you reach midlife and wonder will it ever do anything else or will it continue on this path. if i want to change the nows the time. many people feel trapped on the treadmill and just accept it i decided not to accept it. she took a risk and opted for something completely new she now makes use for a living. and now works with her hands rather than sharing meetings how work life has changed completely she underwent training with a certified shoemaker the 2 of them then went into business together selling tailor made shoes. she's managed to step out of her manager role now she speaks to customers as the shoemaker. quite differently i sit on the floor in front of cable i'm not addressing them across the conference table back then i definitely wouldn't have used such a personal or friendly manner. so what are her former colleagues think of her radi

positive figure means -- a positive figure means a majority of companies feel business is better during t the current quarter compared to the last. managerse auto industry show strong confidence. their index has a reading of nearly 44. this is followed by the retail sector at almost 22 and the service industry at 7.2. japanese officials released some other economic data on friday. producer prices rose in august marking the third consecutive increase. the bank of japan says the producer price index was up 0.2% from the previous month. the uptick is attributed to higher prices of petroleum, gold, silver and other commod y commodities as the economy tried to get back on track. the index was 2.1% lower compared to the same month last year. >>> china's new vehicle sales continue to recover as the country emerges from the coronavirus pandemic. sales rose for the fifth straight month in august. the china association of automobile manufacturers says about 2.2 million new vehicles were sold last month. that's up almost 12% from a year earlier. passenger car sales rose 6% while that of large trucks and other commercial vehicles increased nearly 42%

it is managed by a hong kong asset management company, of $676 million.an has the inclusion with inflows over time as china opens up capital markets. at $150puts the number million. we are at watch for the debut in cyb inre, trading under u.s. dollars. u.s. dollars. given the policy divergence between the fed and pboc, china's yield advantage is attractive for the 10 year right now, more than 240 basis points above treasury. that is the widest premium in five years. stronger inflows will be a driver for you on strength, set uan the best -- yo strength, set for the best quarter. the yuan basket appreciates further, people could step in. look at the fate of the u.s. dollar, it is poised for its worst quarter a decade. the plumber dollar index has plunged close to 5% so far -- the bloomberg dollar index has plunged close to 5% so far. let's turn to adam haigh. arguing thissts could extended to september. is the move being decimated by the moves in u.s. equities? adam: you cannot underestimate how much move we've had in this time, the superlative on the weakn

product, aimed at solutions for pandemic problems is diving into vaccine management, unveiling a new software to help health care companies and hospitals manage what could be the largest vaccination push in human history. with us is salesforce president bret taylor. good to have you back here on the show. as i understand it, this software will help companies distribute and track and schedule appointments on a massive scale. how does this for vaccines actually work? bret: it's great to see you again, emily. sitting here with air pods on in my house, nothing could be more symbolic of 2020. we have had a singular focus at salesforce. to navigatese this through the pandemic? we launched work.com, which is helping businesses and communities like the state of rhode island reopen, and now work.com for vaccines, this is the largest max vaccination campaign in human history, and the logistical magnitude is unprecedented. we are talking about hundreds of millions or billions of vaccines distributed in a short period of time. it's a great privilege to bring our platform to bear to help in that process. this is something we have neve

a company process, thatmuch it got too rigid. it was a great learning lesson. david: when you left that company, after taking it public in managingomebody else you had the idea of , starting what is now netflix. reed: the timing was shortly thereafter. a colleague of mine, mark randolph and i, were brainstorming on different ideas, and like many people at that point, i had had this terrific idea. thinking there has to be a better way. it was when this friend told me about dvds, i thought, you could mail those cheaply. you could potentially build a business that was not in amazon's direct interest because of the return loop that you dvds.return these it was e-commerce, but a smaller market than what amazon is going after. david: the story is you took out some dvds, i guess, from blockbuster. you found out you had kept them too long, you did not like paying a late fee, and that prompted you to think of something like this? is that fair or apocryphal? reed: no, that is accurate. it says every time something goes wrong, the idea did not pop into my head then. it was later when i was debating ideas that the sting of that stuck because

a good thing. it is important to have governance and regulators making sure big companies are doing the right things and operating fairly. i worry that regulatory bodies and press concerns become a distraction to managemente focused on their customers and trying to delight their customers. i do not want them distracted by having to speak with congresspeople, respond to rumors and this sort of thing. so yes, i do worry about that. contrafund danoff, equity manager. let's get the latest business flash headlines. australia's bank offered $3 billion for a 50% stake in open fiber. it would pave the way for an italian single nation broadband network, a priority for prime minister giuseppe conte. resisting pressure to the sale, which may face opposition from the antitrust arm. arrival considering a hong kong ipo which could raise as much as $5 billion. it is the biggest rival to their domestic version of tiktok. the chinese start up backed by tencent, began in smaller chinese cities and rural areas before expanding. it claims to have over 100 million daily active users. china's number two a one planning billion-dollar hong kong ipo this month. hong kong has seen a parade of biotech firms go public, while health