watchdog. >> the cma has referred the anticipated acquisition by microsoft of activision blizzard incion. the merger maye expected to resonate in a substantial lessening of competition within a market or markets in the united kingdom. >> activision blizzard's hold to several household names such as candy crush, crush bandicoot, and world of warcraft -- candy crush, crash bandicoot, and world of warcraft. >> but it's most well-known franchise is the behemoth call of duty, which includes the need to play cross plat from game war zone, one of theiggest games in the world. microsoft's potential purchase of activision has raised concerns from playstation console maker sony who worry that microsoft will limit access to several titles to their own console, the xbox. >> by giving microsoft control of activision games like call of duty, the game -- the deal would have major negative implications for gamers and the future of the gaming industry. we want to guarantee playstation gamers continue to have the highest polity gaming experience, and we appreciate the cma's focus on gamers. >> the same

we heard that from day one when the activision deal was announced, john. >> yeah. meanwhile, m&a is not the only part of tech that's under the watchful eye of regulators affirm is in the cfpd sights this morning what that means for the stock as shares sit 87% below their highs of the year. back in a moment don't go away. (driver) conventional thinking would say verizon has the largest and fastest 5g network. but, they don't. they only cover select cities with 5g. so, for me and the hundreds of drivers in my fleet, staying connected, cutting downtime, and delivering on time depends on t-mobile 5g. and with coverage of over 96% of interstate highway miles, they've got us covered. (vo) unconventional thinking delivers four times the 5g coverage of verizon. and it's ready right now. t-mobile for business. this is crafting the moment that changes everything. this is all your teams working as one. this is the system you built, creating a lasting impression. this is how. airtable. >>> we have been talking about a retest of 3,900 for the past few days 19 points as we're do

activision blizzard, microsoft saying they are still confident that purchase will go through.d: employees say they are at work, but leaders say they are not sure. this according to new data released by microsoft and linkedin. microsoft releasing a new suite of productivity tools to facilitate their interaction between workers and their bosses to combat what microsoft calls the productivity paranoia paradox. emily chang spoke with him about this and more with linkedin ceo orion ross lansky wednesday. emily -- >> this productivity paranoia is one of the things that is emerging where the managers and leaders think their employees are not productive and the employer's feel -- employees feel burned out. i think one of the most important things for us in this new world of work in hybrid work is to bridge this paradox. we have to figure it out. both sides need the same thing. employees feel they are thriving and they need to thrive which means they need to feel powerful. they need to have that sense of energy to do meaningful work. after all is a manager, what do you need? you need y

and activision and blizzard. microsoft saying they are still confident that the purchase will go through. >> leaders say they are not so sure. this is according to new data released by microsoft and linkedin. microsoft is releasing a new suite of productivity tools. this will combat what they call the productivity paranoia paradox. take a listen to what they had to say. >> this productivity paranoia. this is where the leaders think they are not as trustworthy. in many cases they even feel burned out. i think one of the most important things in this new world of hybrid work is to bridge this paradox in some sense. they both mean the same thing. employees feel they are trying and they have to have offensive energy. i think we need soft skills and managerial skills. you also need new tools. >> speaking of those tools, they are offering several products. there is amplify. how do you think these tools are unique to the product already out there? >> if you want a productive workforce, the first thing is you empower the

about microsoft's confidence that this activision deal it's done. market seems to be paying attention. what is your read on that? >> it will be a very interesting acquisition for everyone in tech. the general contention -- idea is that regulators will be very tough on soft. a new couple -- every few couple of months if there is no major hangups from regulators will see the price gap clothing -- closing. our analyst believer will go through due to the nature of the deal. ed: apple, fundamentals strong, near-term risk, why did you write that? guest: the reason we say that come if you look at apple right now 23% of their -- 43% of the revenue come from europe and china, to regions facing economic slowdown right now. europe, we think things will get worse, in the near term before gets better. the second thing we want to point out, the iphone 14 is not a mobile leader, a real mover for apple. the hardware design is old, in most cases the base model the processor is old. next year's model will be a big shift. when you look at the install base of 1800 -- a

the upside because of cloud or any other region and that is not even counting the acquisition of activisionmicrosoft is better positioned because of its enterprise presence. ed: there is one key market we are zeroed in on right now, that is china. where does china fit in this idea that microsoft may be better positioned right now in some sense relative to apple? >> if you look apple it is very exposed to the greater china region. it generates over 20% of its revenues there. more importantly for the supply, a bulk of their phones are assembled in that market. any disruptions because of covid or geopolitical tensions, apple will have a hard time with demand for its products. when you look at microsoft, it does depend on china for expansion of its cloud data centers. other than that it does not generate much revenue away from china. the market is exposed to it from a supply chain a lot less than apple is. ed: we broke some news the other day here on "bloomberg technology" about microsoft's confidence that this activision deal gets done. the market seems to be paying attention. what is your rea

that's a lot for one -- >> i mean, microsoft, activision >> activision's got a lot of games, it's note really great -- i mean, minecraft, they got a couple of billion dollars. >> different world smart. >> moving on to the stuff that po powers, the biden administration gearing up for a semiconductor crackdown, considering curbs on outbound investment to china today reuters reporting the commerce department intends to publish rules to govern exporting chip-making equipment to chinese factories without special commission the companies confirmed they received letter from the department outlining the rules, following letters sent to amd and nvidia last month. the regulations could even ripple beyond chip makers with one source saying they could also apply to shipments of products to china with the targeted chips in them that would affect dell, hpe, and super microcomputer, for example, which make data center serverers with nvidia's a100 chip carl, trying to choke off the possibility that china can spin up this industry that it wants to spin up with, you know, western access to components g

and blizzard it could harm rivals, sony being one of them by refusing them access to activision blizzard games providing access on much worse terms. we love sony no way we're going to do anything that would call into question them or "call of duty." but the effect of pushing this thing at least into the spring, not a surprise again, you can see remember, it's a $95 deal, so it is trading at a significant spread, obviously, to the price that microsoft is paying but that reflects the continued turn about the regulatory response, how long it's going to take and whether, in fact, they'll get to the finish line despite what many would say it's not a deal that should rise to that level of being blocked. but didn't want to fill people in might give them enough time to get their fundamentals back underneath them. even if the deal was in some way -- >> "call of duty." >> yeah. that could be back and bring back the franchise very robust. >> there's no takeover then. >> right >> isn't that something? >> there's a lot of concern about it, justified or not >> again, we haven't heard from the ftc. it

okay with activision said. that was so told my kids the pastor comes out i have take you that pastor from bell road baptist church brought her family to this evacuation center at sierra college. everything you need. >> as we get will get so we get hot water. hoffman says the red cross has been phenomenal as well as people from neighboring communities who stopped by to offer their help. is anything you need? it all we can do? they have. they would just love help you and crimes are it's just just >> light. everything whatever desire our needs for critters and the kids are my personal self. it's just >> although there's no way of knowing just how much longer they'll have to be out here. hoffman is choosing to smile while finding comfort in the little things. but blowing right now just to spread. the pressure comes to us. it's so cool. it's going to be fine. >> and vicki graf, despite all the things that families like hoffman's have gone through over the last week, it's nice to see that they're staying positive and

it is not activision tend to make vengeance, it's a warning to —— vengeance a —— vengeance a warningion could provoke any kind of response at all, including a nuclear response. mr; including a nuclear response. my understanding is that russia cannot conduct a nuclear response unless it was a form of self—defense come if it was used for any of the reason he would not go down well in the country at all. but would not go down well in the country at all.— would not go down well in the count at all. �* ., �* , ., ., country at all. but that's what one ofthe country at all. but that's what one of the russian _ country at all. but that's what one of the russian security _ country at all. but that's what one of the russian security council- of the russian security council members of warned and what, you hope you think that russia would not use a nuclear response in this instance but when you print up language into the diplomatic world and the battleground, he began to normalise nuclear response and you make the experts think of using nuclear weapons sometime in the future more likely, it's a

we need more about the higher cod activision. how many days does the fan need to have higher car? what are the preconditions to get a higher cod friends or members of the family? one plus 3. as you said, there are some details regarding the age we need to know more about this. thank you . and we also, we just want to thank you very much for your 1st question regarding the sayings of tickets and my brothers yesses and jess. and we'll talk about tire and the a good characteristics of the sky, a cod. just remind me of you question, please. jenny, not with us. if you mentioned some dates like a from argentina, we need to know the percentage if possible for me. and i got the rocket launcher kilometers. ready you need the n and press her to have statistics it will on would be difficult, but i'll give you a general view. generally, i can say that the matches of an dine in mexico. saudi arabia saw the opening ceremony. will there have the biggest number of money of tickets sold in the world cup when i, when comes to options in a harley, a residency as the surprise to start with $80.00 for

the use cable open and in-depth probe of microsoft 69 billion-dollar purchase of activision blizzard.ulators save the deal could hamper competition, and microsoft turned down the chance to address its concerns. if the merger goes through, it will make microsoft the world's third-largest gaming company. we will be right back. this is bloomberg. ♪ emily: a brazilian agricultural company is planning to list in the u.s. via spac with one of the most prominent climate tech entrepreneurs. it offers key ingredients like seeds, fertilizer, and more. i want to get to a longtime founder and investor focus on climate technology, the ceo of the production board, which does merge with lavaro. great to have you with us. big listener here. talk about the thesis behind this back deal. why spac? why now? david: we set it up to seek a business that operates at scale in a market we know well, food, agriculture, life sciences, and where we believe technology that exists in our portfolio could be added and accretive to their operations. we know as very well. we came across lavaro, the largest in brazil, l

the activision deal will be suspended for an in-depth review, unless the company offers revenue.ulmination will lead to fewer choices in the gaming sector. add jeffrey to the list of financial firms. they are planning to come back on a more persistent basis -- consistent basis. they want bankers to come in to motivate their counterparts. u.s. allies are now making more purchases. delayed flights. that comes after pressure from the u.s. government. they have built a website publicizing the airline plans. [indiscernible] that is your business flash. alix: thank you. in no way do i think that is going to happen. they will say your flight is delayed because of the weather and you will look outside and it will be completely sunny, and you will not get free meals, i'm just saying. tom: i went flying the summer -- i did not have a flight this summer, but it was chaos for family and friends who did. they were sometimes stuck in airports. alix: no way. i'm going on one trip at the end of october. that flight has been rescheduled five times already. just putting that out there. coming up,

about 1.5% after ceo said he is confident the company will get an approval for its purchase of activisionzzard. it's up 2.5% and they're telling bloomburg while all go through regulatory scrutiny, he's confident this deal will get approved. there was a review over concerns the deal could lessen market competition for d c consoles and cloud gaming. the deal is valued at $69 billion. if you look at price here, it's not near $95. it's around $76.98. warren buffet said in may he bought a bunch and he's playing the spread between what it is now and could be if the deal goes through. no guarantees though. sales force higher at this hour after the software company announced higher longer term revenue targets and it's popping about 2%. the san francisco based company aiming for a 25% adjusted operating margin for 2026. up from the 20% target it set last year. eli lily jumping higher after ubs upgraded the pharma giant from hold to buy. they believe in potential of lily's weight loss therapy as well as research for drugs to combat alzheimers. they're getting a nice 5.25% pop here. robinhood shares

you're keeping activision out of their front and backyard.ycho expensive graduate degree is for wealthy dumb person who wants to buy a degree so they look super smart. that's all this is. it makes them look compassionate. it's a six-figure liberal arts degree that a rich kid gets and then they get their debt canceled and we end up paying. that's what esg is. esg is simply a corporate policy that hurts the shareholder and the customer. don't forget that, they don't want you to know that beer they want you to remain confused. >> then you get a score. see your company gets a score. they'll put that on their linkedin, right? so for younger employees that want to come work of the company is also our esg scores and 98. >> it's a virtue signal. i'm sure fox isn't doing this right, jesse? >> jesse: i hope not. >> greg: if they are i change my mind this is the greatest thing periods be still my speaker you saying we have to give so much to charity that it hurts? i never heard that before. ahead the ladies of the view out lobbing an ethnic attack at ni

confident ceos, satya nadella said he's confident that company is going to gain approval for the activisionying, we feel very confident that we will come out -- that was an interview on a competitor -- come out on top, is basically what he means you know, again, there's another deal that there's certainly some questions about, jim although there, i hear a lot more positive things about the fundamentals of activision and blizzard, particularly as this year ends and next year moves along in terms of "call of duty," what they can do there, the next iteration and the fundamentals catching up with what was a lag for quite some time >> it could be very interesting to see if they don't do something spinoff, something e-gaming remember, microsoft wants the software, but there is a -- an incredible e-gaming component that's buried within that, and what you want to watch, i think, is any sign that there's -- they're already planning on doing that, because it would make you feel more confident the deal would close i think it's something that's going to make it so bobby is able to really achieve what h

who knows if this deal will go through, the activision blizzard but that's operating from a place of strength, and trying to get ahead. >> the key strategy here is in a recession, you invest, and it's a question of what you're going to end up investing in i think you're right i'll agree on this point if these companies make the right investments right now, it's going to put them in much better position in the long-term. the question is what do you invest in, and when you cut, are you cutting the things that are going to end up hurting you in the future i don't see a large scale end of the game for big tech. i think they're more vulnerable to outside challenges than they were before and there's no way around that. >> great look at the challenges, alex, thank you. >>> one company not cutting costs this morning is robinhood announcing a new program called robinhood gold that would allow users to earn 3% on their uninvested brokerage cash. a big premium to offer, growth strokes struggling talking about the move and why he sees it as an opportunity, was vlad tenev. >> we see an opportunit

cruise lines are back again but the gaming stocks are doing well okta, marriott, zoom, vertex, activision nasdaq. the 10-year treasury yield that's a key indicator today. look at it go up. we're now at 3.58%. price of gold, not an inflation hedge. it's down to $1,670 per ounce, bitcoin is back to the 18,000 level. oil $84 a barrel. nat gas, where's that this morning? 772 per million british thermal units. the average price for a gallon of regular down to 3.67 in california though you'll still pay 5.45. here is an op-ed to look at. mad about migrant flights? open border liberals should look in the mirror to see whose really breaking the law. tom homan wrote that piece and he's on the show and i'm going to ask him too. why can't the migrants work? honda accidentally overpaid some of their employee bonuses and they want some of the money back we'll tell you all about that. britain's prime minister liz truss in new york for the u.n. summit. she announced tax cuts and a return to drilling and fracking for fossil fuels, praise the lord. is she pointing to the way for america? i'll ask larry kud

a google fiber contractor and trader joe's kick starter and activision blizzard in july to pull a closed's because they wanted to unionize. triple a says it was due to a staffing shortage. now, in addition to the pandemic, numerous other factors have collided to create what labor experts call a perfect storm for organizing. the u.s. has seen for decades of stagnant wages, companies that already had healthy profits before the pandemic made more money after the lockdowns. and there are lots jobs available without enough applicants to fill them. what's more? the biden administration is pro union about two-thirds of americans now say they support union says the highest approval since 1965. yet actual participation remains at a multi-decade low of 10%. that's down from 20% to 1983, according to bureau labor statistics at its peak in 1954, union membership was close to 35% from october 2021. to june of this year, there was a 58% increase and official attempts to unionize and exceeded the total number of election petitions from the year before workers in unions to make on average about 17% more

a google fiber contractor and trader joe's kick starter and activision blizzard in july to pull a closed because they wanted to unionize. triple a says it was due to a staffing shortage. now, in addition to the pandemic, numerous other factors have collided to create what labor experts call a perfect storm for organizing. the u.s. has seen for decades of stagnant wages, companies that already had healthy profits before the pandemic made more money after the lockdowns. and there are lots of jobs available without enough applicants to fill them. what's more? the biden administration is pro union about two-thirds of americans now say they support union says the highest approval since 1965. yet actual participation remains at a multi-decade low of 10%. that's down from 20% to 1983, according to bureau labor statistics at its peak in 1954, union membership was close to 35% from october 2021. to june of this year, there was a 58% increase and official attempts to unionize and exceeded the total number of election petitions from the year before workers in unions to make on average about 17% mor

he signed a neutrality agreement with the communications workers of america for activision wizard. and, i think you compare that posture to what howard schultz is doing at starbucks and they are night and day. in fact, you wonder, the more that you fight, the more that it incentivizes people to want to form a union. because, it is the hostile behavior and antiunion animosity that creates toxicity in a work list that makes workers less productive and less likely to stay at the company. we would argue that being in a union can actually improve your bottom line and that we could sit at a table and actually have conversations with each other. and work through problems, work through issues and you would ask some of our union employers why -- what is the benefit of having a union in our company? they would tell you this is a way for me to systematize changes in the culture and workplace to get stuff up front in the development process and things go smoother. so, i think that will have an impact on how politics plays out in the future. and, in terms of the recession and the impacts on wha

so take two is buying zinga for 12 billion, you have that acquisition of activision blizzard, talk maybed comcast was in those discussions as well so it makes you wonder how much you value these type of game publishers in this type of hack er environment. stuart: very good point. i didn't realize the significance of a leak. autozone reported before the bell this morning and they are up nearly 2%. >> yeah so i want to talk to you about better earnings as well because we're in this high inflationary environment and that means people are going into fix their cars instead of buying new ones that's what autozone results tell us, better-than-expected profit, better sales, and their same-store sales actually increased by a lot, twice what analysts were looking for , so it tells me that right now, with this not getting your hands-on cars by the way, supply chain is obviously crimping down on the amount of cars on sale. that tells me that people are putting their old cars back into the shops. stuart: fix the one you got. >> exactly. stuart: because you can't get a new one. >> especially if paying

a google fiber contractor and trader joe's kick starter and activision blizzard in july to pull a closedays it was due to a staffing shortage. now, in addition to the pandemic, numerous other factors have collided to create what labor experts call a perfect storm for organizing. the u.s. is seen for decades of stagnant wages, companies that already had healthy profits before the pandemic made more money after the lockdowns. and there are lots jobs available without enough applicants to fill them. what's more? the biden administration is pro union about two-thirds of americans now say they support union says the highest approval since 1965. yet actual participation remains at a multi-decade low of 10%. that's down from 20% to 1983, according to bureau labor statistics at its peak in 1954, union membership was close to 35% from october 2021. to june of this year, there was a 58% increase in official attempts to unionize and exceeded the total number of election petitions from the year before workers in unions to make on average about 17% more than nonunion workers. a million to almost $200

a google fiber contractor and trader joe's kick starter and activision blizzard in july to pull a closeds because they wanted to unionize. triple a says it was due to a staffing shortage. now, in addition to the pandemic, numerous other factors have collided to create what labor experts call a perfect storm for organizing. the u.s. is seen for decades of stagnant wages, companies that already had healthy profits before the pandemic made more money after the lockdowns. and there are lots jobs available without enough applicants to fill them. what's more? the biden administration is pro union about two-thirds of americans now say they support union says the highest approval since 1965. yet actual participation remains at a multi-decade low of 10%. that's down from 20% to 1983, according to bureau labor statistics at its peak in 1954, union membership was close to 35% from october 2021. to june of this year, there was a 58% increase in official attempts to unionize and exceeded the total number of election petitions from the year before workers in unions to make on average about 17% more th

>> i think it might especially if they close that activision blizzard deal and you called it before thatressed by, but so i think it wasn't almost sub-200 when stu says i think its hit bottom and here we are. stuart: i think so. you hear that? susan is being nice to me about microsoft, keith. what do you say to that? >> well, i think it's great, because you know you and i talked about that bottoming and we talked distinctly about it. the stock market is a funny thing. it's the only store in the world where people run the other direction when stuff gets put on sale. i personally, it's tough, you got to learn to run into the fight and that's what the we've done. stuart: last time you were with us just a few days ago you said you would not touch meta with a 10-foot pole. do you still feel that way? >> absolutely. only now it's a 20-foot pole. i think that company has really got serious challenges, competitors are coming hard, apple stuck it to them to the tune of billions of dollars and i don't think zuckerberg has the moxy to recover. the markets, wall street is going to defend that stock