that small companies can't really do it and instead, they try to aim to be absorbed by facebook, amazon, googleapple. they all argued these unicorns, these are private companies that in the past would have gone public routinely and are now in the offices of the big companies. and as a result, there has been a steady shrinkage of the stock market there is only half as many shares and half as many public companies. 90% is up in the number of initial public offerings. and china now has many more ipos than we do and they are close to the levels of venture capital. it is a crisis of the entrepreneurial economy. and if a solution to it is what i heralded when everything opens up again and we get a new economy and in a new world witw money and new internet architecture, new securities, new privacy, new property. you own your own data again. >> host: we will get into life after google, your most recent book in a month. her last book was about bitcoin. are you still a fan? >> i am a fan of bitcoin. the technology that bitcoin introduced and the cryptographic revolution that instigated a crisis and a lot

very negative news amazon and google were a little bit light on revenue. analysts in general, especially on amazon from goldman sachs and suntrust are very positive from amazon. they get a lot of advertising revenue, google and facebook number one, in terms of advertising revenue that they raised. research firm e-marketer, says amazon will take in $4.6 billion this year in advertising revenue. that is a big number. i still think the markets overall have to find some solid footing. there will be stabilization needed across all sectors but a tech selloff will provide opportunity for people to make money, take privates out of high flying momentum names, facebook, amazon, netflix, google, to move into other sectors like financials and energy. charles: sometimes you see this as a negative, the fact today i didn't see any downgrades on google. >> yeah. charles: we saw price adjustment targets. one firm increased their target on google. same thing with amazon. todd, you think this is one of the problems with this market? >> i do, charles. too many analysts talking

google not disclosing a software glitch that left users exposed. how it happened and how regulators may respond ahead. plus, facebook is taking on amazon and google with a new smart speaker optimized for video chat. do consumers want facebook in their living rooms after a string of privacy scandals? the united nations is taking a grim picture of the world's climate future with a big price tag attached to slowing down global warming. how technology can play a role in saving the planet. first, to our top story. google is shutting down its platform after finding a glitch that could have exposed hundreds of thousands of users. despite discovering the bug months ago, google didn't disclose the issue until now. shares in alphabet fell after "wall street journal" exposed the breach. for more, bloomberg's tech reporter from new york. is essentially defunct. how did this happen? >> google admitted in its own statement that user engagement was very low, something we as consumers all know. we probably downloaded google+ several years ago and never went back to it. the profiles of hundreds of thousands of people are still on and this api allowed a

purchasing software maker red hat aiming to better compete with cloud computing companies like amazon google and microsoft computing enables people and organizations to perform. digital tasks on the vices without housing service locally i.b.m. c.e.o. ginni rometty estimates the market for cloud computing to be worth one trillion dollars according to and only twenty percent of that completions have been transitioned to cloud services far eighty percent are still stored locally. now let's get more on this with dns court our correspondent standing by in new york yes it is the most expensive acquisition an i.b.m. sr e. is a sensible one it is certainly a bold move under the first six years under the helm of genie rometty being this c o the sales of i.b.m. have been constantly dropping in just a body year ago if that trend got reversed a little bit for example some actions in the market for at the official intelligence have not really materialized so now this is a big move into the cloud service the stock of i.b.m. traded to the downside by about four percent that is not so surprising because as

tech giants including amazon, google and facebook will pay tax on their uk revenue from 2020. will be taxed at a rate of 2% on their uk sales. shares in facebook, amazon and google owner alphabet all closed down following trade in new york. the owner of cadbury and the maker of oreo cookies and toblerone has reported a quarterly profit, which edged past estimates, helped by higher pricing and cost cutting. mondelez‘s cost—saving efforts, along with lower cocoa prices, helped to offset higher freight and logistics costs. wall street indices in the us closed down after reports president trump is preparing to announce more tariffs on china if talks with president xi next month fail to achieve results. we were just talking about this. bloomberg says us officials are planning for such a move in december incase talks between the two leaders in buenos aires next month fail to yield any progress. teaching children coding skills is becoming increasingly popular, and one finnish author is behind a series of computer programming books aimed at them. the stories centre around a little gir

with dow down in premarket that could change instantly before we open this morning, back to amazon and google's parent alphabet, both of the stocks lower in premarket right now amazon had disappointing guidance. that was big, revenue from alphabet missed streets what is the road ahead from the two behemoth? ian, david, good morning. guys, good morning. >> good morning. cheryl: ian, i want to start with you, prime membership, the web services, always a cash cow for amazon, there was weakness there and that seemed to be taking folks by surprised last night. >> cheryl, the one thing you can't do is miss top line and even worse with amazon guide for lower estimate and revenue than the street was expecting here. profitable quarter, this speaks to larger issue, shift out of growth into valued stocks, can't mison the top line, same thing for google, can't miss on the top line as well. cheryl: there was weakness with whole foods, big acquisition for amazon, there's been weakness with the whole foods numbers and also the fact that they have been trying to trim shipping costs, they have been shipping hea

controversy around facebook and privacy, it's a big mountain for them to hike up. >> compared to amazon and googlei don't like any of them in my home, jon i have a nest now and i cover it up with tape i think they're late to the game, amazon dominates, google put in a strong showing, apple is present so the question is are people attached to facebook like trying the facebook phone, that didn't catch on well. people were happy with their phones i don't know if people want to use facebook stuff over other devices or want a dedicated facebook device. that's the question. i can't imagine buying one i don't know about you i do have the alexa, i use it sometimes. i unplug it quite a bit. i don't have the same worries on privacy as i do with facebook i think. most feel that way given the various hacking things it is a harder sell for facebook than it is for other companies >> kara, you mentioned alexa what do you think of the fact facebook is teaming up with amazon to do this? >> that's what they should be doing. i wonder why there needs to be a dedicated device i see why they're doing it, i just don't u

we see amazon and google from yesterday, not horrible reports. n the bottom line you can find something is the revenue disappointment, is that real is it worth what we're seeing as far as the selloff was there -- were we looking for a reason because everything was too overpriced i don't know it will be interesting to talk about. we have loretta mester coming on >> that's a big interview. >> if we need to see the other problems that we're dealing with, we're worried about the fed, worried about tariffs, now we're worried about just how strong the economy really is we'll get some gdp data. interesting times. >> there's some questions about where the origins of that saying came from. >> may you live in interesting times, i think we're not suffering. like lloyd blankfein said on the way in, we're not in those -- the higgins boats headed up -- it's just money, right >> no matter what, we know you'll have an interesting show, joe. thank you very much for that we'll see you at 6:00 a.m. >>> let's talk more about this early morning joining me is dan vera

amazon is certainly encroaching on google and facebook when it comes to digital advertising. t at some point, amazon could become a real threat. we talked about that and she digital adhe new business is really increasing opportunity. we also talked about china and still planningis to try to reenter china and bring its search engine back to china. here is what she had to say -- we continue to help support chinese users from developing android apps like google translate. as the ceo has said repeatedly, we are not launching a product in china, we are focused on the dishware we are doing the right thing for the long-term. set down for a chat with the twitter cfo as well, what did he say? emily: as i mentioned, the results are interesting for twitter, users decline, but stocks soared today. what we are continuing to see is the company work through these efforts.e health i asked what would happen with monthly average users going forward if you are continuing to work on cleaning up the platform . will he continue to see users decline? monthly active users would decline in the mid sin

emily: what is the goal, to take share from amazon or google?nthe goal to somehow tie us even more to the facebook ecosystem? goal for ustimate and for our users is to help not just to connect but to make you feel connected to the people that you care about. in that sense, it is adding the depth of dimension to the services we provide. emily: we talked about what facebook is doing to make sure that data is encrypted, but what about safeguarding it from potential hacks? something you may not intend to have become how do you prevent that from happening? has: it is closed, it applications by those applications are only by invitation with the early part as we have worked with. obviously, we are doing all of the tasks possible with regards to security on the device. emily: what is next, where do you hope this goes? rafa: we hope it changes the way byt people connect to -- making distance disappear and helping you really maintain relationships with a day-to-day feeling of together, seeing each other face-to-face and getting connected. emily: do you se

google has not looked that freight to amazon over, if google is surprise, and has buying coming in, gappingd running you could see the whole sector, no matter what amazon does, even amazon -- charles: you see amazon down but google is savior? >> amazon is down but google is rallying. google had so much selling, if buying comes back into the stock, one of the big stocks in the sector looked really like crap since july, it has so much selling compared to amazon. it wouldn't a is surprise saying if amazon did it t would be a surprise if google did. all this buying coming back into the stock. key number is 1200. charles: go back to sees san lee for an update. -- susan li? >> amazon earnings tonight after the bell. we're expecting profit to gain triple digits up a few hundred% from last year. revenues expected to advance 30% or so i would say a key number for amazon, yes always about the cloud, probably main revenue contributor and driver at this point. what about advertising? that small line last quarter, drove up 130%. that is a new business line that people are also closely watching as well.

release its quarterly earnings later this morning, other tech giants on deck for today include amazon and google's parent company alphabet they report earnings after the market closed today, mike, what do you make of earnings, what do markets need to see to firm up here. mike: clearly companies were getting cheaper, earnings are what i'm looking at, you see what microsoft put out yesterday, the numbers were very good. i won't say outstanding, enough to not cause major selloff in the stock, sold down to $98 after earnings were announced. if you see this month firmed up

amazon, down 9%. alphabet, parent of google, down 5%. investors are watching out for that. t night. it is digging through the tech sector this morning. techs instruments was down big this week as well. in europe, markets are lower across the board with the fq100 down 1%, the cac down 2% and the dax index down 1.5%. in asia, markets were down across the board. it is the busiest week of earnings season so far coming to a close this morning. big names still reporting earnings, colgate pol is down ie premarket after less than stellar earnings as well. we were just watching the price of oil which is down about 1%. oracle executive chairman larry ellison and ceo mark hurd sitting down in a fox business exclusive. they weighed in on competition and why oracle cloud technology they say is the best in the business. ceo mark hurd revealing a huge bump in r&d spending. >> it was six, seven years ago, we spent $3.7 billion in r&d. we'll spend over $6 billion in r&d this year, so you get a context of how much we've invested into these new cool products, all the stuff we've got that's ava

mark: apple, amazon, google, these are like the biggest corporations in the world, but ten years frommay not be, right? >> well, ten years ago the biggest corporations in the world by market cap were exxon, walmart, the petroleum bank, china petroleum and the industrial and commercial bank of china. ten years later the top four companies in the world are apple, amazon, google and microsoft by market cap. i mean, who would have predicted that? and i believe that in the next ten years, there will be a similar turnover, and there will be cryptocosmic companies who will dominate the list of the top market caps in the world. mark: do you think, back to your industrial revolution point, we are in a constant state of economic revolution. depending on, you know, the extent to which the government interferes, like you were saying, socialism, pure socialism or communism, they kill knowledge, they kill -- they're police states, but the freer society, the more progress, the more liberty, the better the quality of life. i mean within rules and laws, we understand and the institution, is that about

amazon outperformed, google outperformed, facebook outperformed, you cut price targets on alphabet andn. >> growth is swelling and need to reflect a bit of a lower margin outlook at these price levels, we think it is priced in. you're basically looking at google and facebook about nine and ten times cash flow each, looking at 19, which is highly attractive for a growth company. if you think they continue growing, stocks are underpriced here >> paul, certainly the selloff in tech has been brought, bloody this month where has the story changed and where do you actually see a buying opportunity >> actually see probably the best buying opportunity that we have seen in many years, you think the stocks have gone up almost uninterrupted out of the great recession in march of '09. i like the faangs. i don't think we know enough about some of the privacy issues with companies like google and facebook and how they're going to permanently impact their business models through higher expenses that said, i concur that stocks that come down enough that they're probably a great long term buy i can't s

tech giants including amazon, google and facebook will pay tax on their uk revenue from 2020. et firms will be taxed at a rate of 2% on their uk sales. shares in facebook, amazon and google owner alphabet all closed down following trade in new york. german carmaker volkswagen has reported an 18.6 percent drop in third—quarter adjusted operating profit to $3.99 billion. this has been blamed on weaker vehicle sales and headwinds tied to the introduction of more stringent anti—pollution rules. earlier this year, the firm saw its earnings hit by a 1 billion euro fine for its cheating around diesel emissions regulations. lots of corporate news out today. among those making the headlines... bhp, the world's biggest mining company, says the global economy could be weaker than expected over the next few years. why? well, it's all to do with trade tensions between china and the us... sarah toms is in our asia business hub in singapore... we've been looking through the results, tell us more. hallo. that's right, the chief commercial officer came out and said john's policy of protecting u

our next that's true cooling growth actually has knocked off to one hundred billion dollars of amazon google'smarket capitalization in after hours trading on thursday as investors fear their strong runs on revenue could be coming to an end soon and that's despite amazon posting its best ever quarterly profits net income of two point nine billion dollars represents a ten fold increase over the same period last year the figures were bolstered by the amazon web services subsidiary at the same time it was its outlook for the crucial fourth quarter which includes christmas retail sales fell short of expectations. moving on to another internet giant alphabet the parent company of google its shares fell as much as five percent after its disappointing third quarter earnings the company's twenty seven point two billion dollars revenue failed to meet market expectations google's advertising business grew slower than expected from july to september while its costs rose the internet giant is paid paying more to the distribution partners over its search engine smartphone makers like apple that means it now

dollars to purchase redhat software aiming to better compete with cloud computing companies like amazon google and microsoft cloud computing enables people and organizations to perform digital tasks on devices without housing service locally i.b.m. c.e.o. estimates the market for cloud computing to be worth one trillion dollars according to i.b.m. only twenty percent of applicants applications have been transition to cloud service so far that means eighty percent are still stored locally now let's get more on this with the entocort our correspondent standing by in new york that is the most expensive acquisition and i.b.m. says story is of a sensible one. that is certainly a bold move under the first six years under the helm of jeannie rometty being this c o the sales of i.b.m. have been constantly dropping in just about a year ago there trend got reversed a little bit for example some actions in the market for at the official intelligence have not really materialized so now this is a big move into the cloud service the stock of i.b.m. traded to the downside by about four percent that is not so

amazon, google, twitter. a lot of attention from investors and that will seep into asian markets as well. aside from that there is also the xi and abe meeting which will be interesting to watch. we will see what happens there. the rate decisions will be a good -- an interesting deal as well. ramy: let's get the first word news now with haslinda amin. good morning. mixed reactions from u.s. allies after saudi arabia admitted that journalist jamal khashoggi was killed when he visited the saudi consulate in istanbul more than two weeks ago. france wants more clarity and germany suspended arms sales. president trump initially said the explanation was credible, but u.s. lawmakers said the killing came from the highest levels of the saudi regime. saidsh president erdogan he will reveal details of his according to ay, turkish newspaper. is planning to pull u.s. out of a major arms treaty with russia, claiming moscow has violated the terms. the intermediate range treaty was signed by president reagan and gorbachev in

netflix, amazon be facebook and google all down sharply. and now it seems thatig ther you climb the faster you fall. dominic chu has more on tech's sharp steep decline >>gne of the most concern aspects of the recent downtrend is the underperformance ofey certainechnology and communications services stocks. namely the fangs. that is to say facebook, amazon, netflix andle parent company alphabet. as the major u.s. sees indices have the worst october since 2008, these are among the stocks moving marketshe most. each of enemy is underperforming the broader s&p 500 so far this month. they also happen to be some of companies in bl the market which means they have a lot more influence on valted indexes like the s&p 500 and nasdaqomposite. over the course of the last few years these stocks led the market higher, pushing not just the values to high levels but the valuations as well. thera o s&p 500 trades at 19 times earnings, meaning an invest pays $19 in stock price for every $1 of earnings it generates. in contrast, alphabet currently trades at 4

. >> reporter: facebook, amazon, google were slaughtered today. semiconductor stocks also getting hit hard. investors are really concerned about the trade war impacts on companies' earnings. we have seen that already in a couple of companies. 3m and caterpillar had to cut back on their guidance. that's a huge concern from wall street these days. >> reporter: now one bright spot was good news for tesla. the company stock shot up more than 12%. they posted their third quarter earnings with a net profit of $312 million. tesla says it is still on track to crank out 100,000 model 3s this year. liz? >> thank you allen. >>> coming up, it's being called an engineering marvel. >> details on this 150-ton building in the bay area that had to be carefully moved today. >> one bay area city has a new plan to get out of the red. the neighbors around one golf course say not at they're expense. >> breaking news now. we are live over south los angeles where members of atf's field division, lapd, are responding to a suspicious package. we are told it is similar to o

talking about names we're talking about google and amazon. sn't consider them tech names consumer discretionary. out of 50 some odd bill, less than seven billion came from technology. google is communication services. the point is is that when you look at this amazon guiding lower, slower growth and sales for the current quarter, some people extrapolated that to mean, that the overall holiday season is going to be slow and that is not the interpretation that i'm getting, i believe. i believe it will be slower for amazon because they have more competition. walmart is learning how to compete. target is learning how to compete. look at this morning's gdp number, absolutely phenomenal. this 4% consumer growth, security -- stuart: consumption growth. >> so phenomenal, juxtapose that of savings rate 6.4%, inflation rate of 1.6%, from 2.1%. inflation has gone down. consumer spending remains robust, savings are there. that is the perfect storm for a strong consumer into the end of the year, perfect storm. susan: the consumer is still strong. expectati

lows of the day so far >> earnings, earnings, earnings, including a number of tech companies, amazon, google, twitter, microsoft >> big day >> let's get to sully and the half. >>> thank you, carl and morgan i am brian sullivan in for scott walker there's a lot on the agenda this monday from bottoms to tops, fundamentals to technicals we have a lot to get through >> is the bottom near? today we look at the evidence and debate the answer. plus, the top analyst on apple speaks out wall street is listening and the market may have just set up a value trap. the "halftime report" starts now. >>> welcome. it is good to have you with us all on this monday here to debate and trade the biggest stories of the day that have to do with your money the big debate theme for the show, and this will be the best show this week, i promise, is whether the bottom is in there's a lot of conversation on whether or not the volatility we have seen, 500 point drop that we had last week is the bottom >> i don't think so. i think this is -- this market doesn't have a lot of support, things that are weighing on the market

committed to red hat's open source contributions and will continue partnerships with microsoft, amazon, google google crowd and ali baba. >>> mercedes benz was too slow at notifying car owners about recalls. the national highway safety administration says more than 1 million owners did not get notices within the 60 days required by law. they nt a letter to mercedes of the probrecalls from last year that includes notifying the government about recalls. mercedes have -- has into the middle of next month to respond or it could face fines up to $21,000 a day. >>> the latest reboot of the classic movie halloween once again number one at the box office earning $32 million over the weekend taking the top spot to the second week in a row. halloween is one of the highest grossest/removers -- movies ever raking in over $125 million. a star is born came and number two earning more than $14 million and the super heroes spinoff venom came in at number three. goosebumps hunter killer round out the top five. >>> 4:56 a.m. and coming up we go live to pittsburgh, pennsylvania where a man is due in court suspec

thinking about the technology companies and we are going to be busy next week with the likes of amazon, google, microsoft. >> i think so. now we are getting into the companies that are truly the growth companies. if they are able to give signals that they are not worried about 2019 and beyond, i think you can see we might get a little bit of a rally. keep in mind we have had some pretty good numbers so far and we have seen some individual stocks not rallying into that, whether it is netflix, honeywell, even some of the other names that we had in the energy sector and elsewhere. it is doing well but just not good enough. when you see amazon and these highfliers report next week, you pay attention not just to their forecast for eps but for margins as well. vonnie: romaine bostick, thank you. stay tuned. china's severe international situation disappointing third-quarter gdp numbers coming out this morning, marking the slowest economic growth in the country since 2009. the vice premier pushed back and it as an investment opportunity. is our guest from the rhodium group. do we get another policy bo

trends at work here, the move to mobile, to cloud, really the creation of digital assets, both amazon and google for different reasons are really at the forefront of these trends. so when we look, for example, at amazon building up an e-commerce platform, their amazon web services business, a growing advertising business, there's a lot we like. while google, sure, there's going to remain controversy in certain areas, as there is with amazon and all of these giants, but we like what we're seeing with the core search business. we like what we're seeing with youtube. they have been building a cloud platform where we think they will continue to create a lot of value. as a longer term investor, we continue to like both of these companies. liz: this is interesting, lance, because you have daniel saying let's go all business, let's just look at who has that business advantage. however, i would also say that maybe this conversation about pentagon contracts takes on added significance in light of the fact that china and russia have tried to meddle in our elections. there's a lot going on. they found a ti

amazon really get there? jitendra: retail is a big segment for google. it is the biggest from an appetizing perspective. -- it is the biggest from an advertising perspective. now, we see larger brands warming up to amazon lot more given the prime members. the sales shift, the ad dollars shipped with it. amazon is targeting two buckets. one is the search bucket that google has, and the other is a promotions bucket. they get to benefit from the shift that is happening from bigger brands. they can deliver a short roi. you are advertising the product and you know exactly how much the sales are worth. the targeting becomes better. the becomes an issue, so google needs to go in the opposite direction over here. we saw their partnerships with commerce, and we think google should be more aggressive in e-commerce. they should take the cloud stance more aggressively when amazon is encroaching on them. emily: in the meantime, amazon is increasing wages across the board and the company is opening hq ii creating 50,000 new jobs. how are those costs can impact coming q

amazon really get there? jitendra: retail is a big segment for google. now, we see larger brands warming up to amazon lot more given the prime members. the sales shift, the ad dollars shipped with it. amazon is targeting two buckets. benefit from the shift that is happening from bigger brands. you are advertising the product and you know exactly how much the sales are worth. the targeting becomes better. the becomes an issue, so google needs to go in the opposite direction over here. we think google should be more aggressive in e-commerce. they should take the cloud stance more aggressively when amazon is a coaching on them. meantime, amazon is increasing wages across the board and the company is opening hq to creating 50,000 new jobs. how are those costs can impact coming quarters if we are in a state of fight right now. darren: i think they have a ton of room to grow and offset the costs. to piggyback off of what you are saying, over 50% of the product searches online networker on amazon rather than google. the actual e-commerce products, the stuff peop

out of the tech industry there was a major is some hundred billion dollars we're knocked off amazon google'smarket capitalization on thursday investors feared the strong runs could be ending soon and that's despite amazon's best ever quarterly profits its net income represents a tenfold increase over the same period last year the results were bolstered by its web services subsidiary however i wasn't outlook for the crucial fourth quarter fell short of expectations. also the shares of alphabet the parent company of google for as much as five percent after its disappointing third quarter results its twenty seven point two billion dollar revenue failed to meet market expectations google's advertising business grew slower than expected from july to september while its costs rose the internet john has also come under fire for giving a nineteen million dollars severance package to senior management figure who was forced to resign for sexual conduct charges in response to the criticism google has said it fired forty eight people for sexual harassment in the last two years among the thirteen senior

software for thirty four billion dollars and to better compete with cloud computing companies like amazon google and microsoft it is i.b.m.'s largest acquisition ever cloud computing and abel's people and organizations to perform digital. asked on devices without housing service locally i.b.m. c.e.o. ginni rometty estimates that the market for cloud computing to be worth one trillion dollars according to i.b.m. only twenty percent of applications have been transitioned to cloud services so far eighty percent of still stored locally. well two hundred million travelers a year six runways turkey's new airport in istanbul is sets to be the world's largest airport it is a pet project of president type add one and he will open the airport today as turkey celebrates the ninety fifth anniversary of its establishment as a republic well today's launch will just be symbolic though with only limited flights beginning days later the new airport won't be fully operational until the end of the year and the project has been docked by concerns about labor rights and turkey's ailing economy. a hundred ports. in.

like its biggest rival, amazon, google is hoping drones can take speedy deliveries to new heights.s. the hover system allows us to hover with great reliability and safety. you see how there are 12 of these? we can have multiple failures and we can still fly 0k. wing has been delivering dog treats and gathering tons of data in australia for years. but in the us, the competition is hotting up. thanks to an faa programme supported by the trump administration, in which about a dozen us regions will soon see drones buzzing in their skies. welcome to the design kitchen. this is the heart of the moonshot factory. this is where prototypes are designed, built, and sometimes even destroyed. taking me around is the man at the helm. he says people often think because of google‘s deep pockets they can just throw money at crazy ideas. people ask, regularly, you have to have near infinite money to fail fast. it is exactly the opposite. you could figure out now that the project you are running has an achilles heel that is going to doom it. or you could figure it out three years and tens of million

perhaps please your shadow chancellor you you work with by announcing something about facebook google netflix amazon and google do you think the kind of revisions in their tax codes will make a difference we must remember that companies like amazon and the alphabet i google make phenomenal amounts of money from advertising but i think what we've got to see is that the monopoly profits and the rents hill incomes earned by big big pharma big finance all of them through their intellect. property rights and so on that has to be taxed much more effectively than has been i think you're going to see it just yet today it will look good as a headline figure but we need something far more will radical and transformative what's going to be revealed today reza guys standing back you after the break but get this secret plans to water down environmental legislation in britain we speak to one of the imprisoned fracking activists alleging a cover up risking getting all the civil coming up in part two of today's going on the ground. seemed wrong. but. just don't hold. me. to shape out this day become active. and eng

stuart: for big tech companies are google, amazon, microsoft, twitter.day. they tack on the upside, not by much, but solid gains come especially for amazon at 32 bucks. to look at halliburton. better profits down nearly 3%. hasbro says the tories are up, bankruptcy really heard it fails whether a toymaker and it's down 5%. kimberly-clark makes all kinds of paper products from kleenex to paper towels. they have reasonably good numbers down 3%. it's a down market overall and no matter what your financial performance you tend to get hit in a down market. the migrant caribbean now reporting 7000 people marching through mexico towards the u.s. border. they should be here by election day. up next, talk to the head of the national border patrol council. he supports putting our military on the border but not for the reasons you may think. tomorrow, national space council will meet to discuss creation of the space force. coming up we'll talk to the head guy at nasa, jim bridenstine. i want to know why it is know why this nasa wanted space force? we are sprinting

coming up, google is taking on apple and amazon with a product launch. but, google shut down google plus as a result of a data breach. plus, we will take a look at what we have tesla shares soaring -- what has tesla shares soaring. this is bloomberg. ♪

so you can access the google services or the amazon services from those products. but what you can't do is what you can do on sonos, which is access all the services. so we have alexa today, google assistant is coming on our platform we're the only ones putting multiple voice assistants on one product through software we have over 80 music services on the sonos platform so we create -- our proposition is you can invest in sonos and it gets better over time and you'll get all those services for the next five to ten years and you can add different rooms and play across multiple rooms. so it's very much thinking about how you expand, how you put it in your home in a long-term quality way and do it in a simple way, but you get that security that you're going to have access to all services. you don't have to figure out how to navigate the battles of big tech. >> patrick, good stuff really interesting information drop by post 9 sometime and see us in person thanks for your time. >> thanks, jon, appreciate it. thanks, carl >>> coming up, a look at the tech-heavy list of th

amazon web services and azure, microsoft? >> yes, we can so first off, as we talked about it we're keeping red red so red hat salesforce will be completely neutral and continue to work with microsoft, googleamazon, others and our sales teams won't be swhou inceomehow to not do that we can help accelerate amazon, google, microsoft businesses at the same time ibm can be opinionated and take what we're doing, do it in a native form and on ibm's cloud you can have firmware, higher performance so, yeah we can do both. >> you're wearing a blue shirt and jeans and red shoes. this not an ibm outfit how do you work out these cultures >> look at me, come on do you know purple is a combination of blue and red. >> red bull, your guy, pretty standard >> it's not the ibm of today not one bit. i think this is to us, jim, nothing about -- this is only about growth so this is about growth and what jim just said about we'll be able to grow horizontally because jim's challenge is scale and i can scale him into every corner of the enterprise market. that's good for me. >> even people saying, only adds 4% -- >> 200 basis points, not back end loaded and, remember, i'm a high end model that says single digit ip

. >> who do you see being at risk, below the top tier level, talk about the faang stocks, google, amazonut more midcap range up and comers, what type of company do you expect to experience some more volatility, take a hit if the tech malaise continues or when it eventually sets in, let's say. >> jon, seems to me the companies that sell b to b are more exposed than b to c in the short term, so at the moment in the prior half hour there was a lot of talk on surveys of sentiment in the corporate world, and to the extent that corporate purchasing reflects higher concerns about inflation or concerns about trade, you could imagine people that do b to b are going to have greater difficulty i think consumers are still in a buoyant economic environment, and that sector should be fine for the short term, but it all depends on the guidance people get. there are folks like tesla that have serious operational issues. i suspect they're going to give glowing guidance because that's what they do and i think investors have to judge their level of fear. the thing that's obvious to me, jon, this isn't the

i think people are hiding the money google, amazon, some of the bigger names.aine: is in there risk that all connected? so much of intel's business is tied to the cloud. the server business they are facilitating is directly tied to what alphabet is doing and what amazon is doing. you wonder if there is pain with one, will be run the risk with pain with other companies? paul: i think that is very true. there's a lot of interconnected businesses here. we spent a lot of time looking at the equipment suppliers and the demands coming out of telecom and the cable companies to see where the demand is. what we see across the board is very strong, strong investments, and i think we would hear on the ,oogle and amazon call tonight commentary by management saying they will continue to reinvest in their business because they believe in long-term growth opportunities. that is what most tech investors one. a1 the long-term investment. -- they want the long-term investments. it is concentrated into a handful of names like the faang stocks and maybe a couple others in their. n

for thirty four billion dollars aiming to better compete with cloud computing companies such as amazon google and microsoft and this i.b.m.'s not just acquisition ever cloud computing enables people and organizations to perform digital tasks on devices without housing service locally. or many estimates the market for cloud computing to be worth one trillion dollars according to i.b.m. only twenty percent of applications have been transitioned to cloud service so far eighty percent still stored locally. so i b m's biggest acquisition so far daniel how important is this deal for i.b.m. . well we have to put it into perspective monica we have to remember that for years i.b.m. has been in a process of reforming and restructuring the company business didn't go well then their sales numbers initially recovered and now we are again in this situation where the business has not been growing as fast as they wanted to grow so with is a very expensive exposition in the cloud sector i.b.m. hopes to be prepared for the future and the current strategy of their boss seems to be on the one hand to restructure

this is your business has some one hundred billion dollars were knocked off amazon and google's market capitalization on thursday investors fear their strong runs could be ending that's despite amazon's best ever quarterly profits its net income represents a ten fold increase over the same period last year their results were bolstered by its web services subsidiary as an outlook for the crucial fourth quarter including christmas fell short of expectations. the show has off of about the parent company of google also fell as much as five percent off for its disappointing third quarter result of its twenty seven point two billion dollars revenue fail to meet market's expectations google's avatar's business grew slower than expected from july to september while its costs were on the rise the internet giant has also come under fire for giving a nineteen million dollars severance package to senior management figure who was forced to resign for sexual misconduct in response to the criticism google received said it's fired forty eight people feel sexual harassment in the last two years alone a

connell: google is fine. amazon is a big one. they're both big ones.anies surprise to the upside, both with very strong reports. i do feel like tomorrow is kind of a big day at least in the near term for the markets. >> one thing in common people look for both sets of results from google and amazon is cloud computing. that is something they're competing for. amazon so far is ahead. google is working to catch up, it is making progress. that is it one area of revenue growth. i think we'll be talking about these stocks later. connell: you cover at least one on "after the bell" for us. we'll go to you on the google numbers. we'll cover amazon as soon as it comes out as well. stocks reaction after a good number. remember netflix. >> it crashed. that is the risk, talking about the theme about peak earnings. for amazon, for example, 30% revenue growth is what is expected quarter on quarter, which for almost any other company you would think is best set of results ever. i'm sure if they do 30, to 32% to your point, you could see all of sudden. it is good, but

amazon really get there? >> retail is a big segment for google. and now we are seeing larger brands warming up to amazon a lot more. 100 plus million prime members is too big to ignore. so now what happens, as sales shift so do the dollars with it. amazon is targeting 2 buckets, the search bucket and the trade promotions bucket. so they do get to benefit from that shift that is happening from bigger brands. and they can deliver. you are advertising the product you know how much the sales were and all that so the , targeting becomes better. google needs to go the opposite direction. partnerships with commerce. and we think google should be more aggressive in e-commerce and of course take the cloud stance more aggressively when amazon is encroaching on them from an advertising standpoint. emily: in the meantime, costs are going to go up. amazon is increasing wages and opening hq 2. how will that cost impact coming quarters? >> i think they have a ton of room to grow and offset those costs. again to piggyback off of what , you were saying, 50% of prod