the company in that moment and the realization about your idea, malcolm's idea and recognition from aol that hey, this is going to be big. >> welcome sm by the way to tie the last piece up we built the thing for six months in the early part of 95 and juneteenth is when we flipped it on on aol. it's really also because of my then wife who has since passed, wendy marx, she was working for a company called red key communications that was the president of the founder was ted lyons'. steve case bought communication and made ted president lost the was ceo and ted's first initiative was i'm going to find and identify and fund and because-- as soon as he announced the company wide my girlfriend at the time said you should submit your idea and she introduced it to ted and we were the first company funded by america online so today another branch you may know called brought-- motley fool, so six of us. that the second what he wanted. he new content would be compelling why people would want to join and pay monthly for some service and those of you that remember online services we talked about her

. >> first merchant to sell any product of any kind on aol.iz: that was 1994? >> 1994. liz: 1994. >> right. right. it's one of the things about our company. we have been fortunate to foster a culture of innovation that gets us many firsts. we were the first company to have a commercial bot on facebook three years ago in 2016. so many firsts. the first really social -- mobile driven flower and gift company. it's because we have such a great team of people that really focus on innovation. liz: you were there in the '90s when you got aol to jump on board and say let's try and sell direct to people via the internet. what's next? how does artificial intelligence jump into the picture? >> in many different ways, whether it's in our marketing capabilities, in our personalization capabilities. today, probably about 25% of our sales are influenced by a.i. technology in one form or another. some of the new technologies we just recently launched is 3d capability. so you can see the product on our site in 3d. we have a bunch of our products available ther

that is one market cap of gm and ford and so forth, i wonder if they will pull and aol -- an -- aol-timearner, where they will merge with an established cash flow business hundreds of years of history. i do think the test let short thesis is one of those things where it is the ultimate sentiment stock. you have to be extraordinarily disciplined. was michael purves. coming up, we dive into tech earnings. alphabet shares wiped out gains after operating profits missed estimates. we break down the numbers next. and if you like bloomberg news, check us out on the radio. this is bloomberg. ♪ taylor: earnings from alphabet continued monday, suggesting the google advertising business struggling to maintain growth. broke down the numbers with mark spurgeon. ever was like, best call because they made monumental disclosures. we saw a lot from the cfo about the cloud business and the optimism there. said this wasy cloud storage, which competes with aws. we saw enthusiasm from youtube about the potential market youtube has an digital advertising, as well as new ways to make monetization. because some

nor in that moment and that realization about your idea, malcolm's idea and recognition from ted and aol that hey, this is going to be big. >> yes, we built the thing for six months in the part of 95 and it continued when we launched and flipped on aol. what happened, it's also because my wife who has since passed, windy marks, she was working for company called communications, that was owned and the founder was ted and steve bought it and made ted president of america all the whilst he was ceo. intense first initiative was i'm going to fund and identify in then fund intrapreneurs, that was his big thing. and because -- as soon as he announced the company, my girlfriend at the time said you should see this idea called new or and she introduced it to ted and we were the first company funded and today another brand is motley fool, another one still around. so there were six of us, i golf in one or two or three others, and that's exactly what he wanted. he knew the content would be compelling and why people would want to join and pay monthly for service and those of you with online services

so she and suzanne contacted a pc expert and then aol, but no luck. that's when suzanne contacted me. we contacted verizon, which owns aol, and the folks there connected olga and suzanne to the appropriate contact at america online and now olga can access her account once again. the final resolve comes from carol in san carlos. she bought a box of cologne as a gift from cwalgreens, but carol found out it has a bunch of unknown items which is not the cologne. she went to walgreen's and the employee told her they could not give her a refund. she even contacted the corporate office and got no response. carol contacted 7 on your side. we went to work and the store gave her a refund of $54.63. we want to thank walgreens for that. i want to hear from you. the 7 on your side hotline is open monday through friday from 10:00 a.m. to 2:00 p.m. you know my telephone number. 415-954-8151. you can reach me at ms. facebook page and abc7news.com. >> thank you, michael. >>> this is a great story. a cabdriver is being thanked for helpingelderly woman from being scamme

. >> and the early days of the online public bulletinboard like aol are replaced with consistent algorithms and recommendations and targeting, and with these new tools, the line between passively hosting third-party speech, and actively cure rating and promoting the speech starts to blur. >> we also learned over night that barr has thought to be re-signing while trump is pressuring him to do what he wants and most recently pushing him to lower the recommended sentence for the president's campaign aide and long time adviser roger stone, and the doj did it, but it is not because the president told them to, and now the judge in the case should throw the case out entirely and start over with a new trial for stone. that does not appear to be happening and marcus, he is going to be sentenced tomorrow for lying to congress and witness intimidation. >> scott, thank you. >>> the fate of harvey weinstein is in the jury's hands and it is now the second day of deliberations or assault trial of the movie mogul, and this is weinstein entering the criminal court in new york city, and weinstein is charged

twice the market cap of gm and ford and so forth, i wonder if they will pull an aol-time warner, wherehey will merge with an established cash flow business with hundreds of years of history. i do think the tesla short thesis is one of those things where it is the ultimate sentiment stock. you have to be extraordinarily disciplined. even though the fundamental checks you can make are sound. taylor: that was michael purves. coming up, we dive into tech earnings. alphabet shares wiped out gains since july after the company's operating profits missed estimates. we break down the numbers next. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg app, bloomberg.com, or in the u.s. on bloomberg xm. this is bloomberg. ♪ taylor: earnings from alphabet continued monday, suggesting the -- revenue from the key holiday quarter missed key wall street estimates. suggesting the google advertising business struggling to maintain growth. we broke down the numbers with mark bergen. >> from goldman sachs they were like best call ever because they are monumental disclo

i can't help but wonder whether they will pull and aol time warner, the company with the richly pricedtock at some point. flowshas established cash in 100 years of history. who knows. thesis the tesla short is one of those things where it is the ultimate investment stock so you have to be extraordinarily disciplined with shorting it even with all the good fundamental checks you can make our set. that was michael purves. coming up we dive into the tech earnings, aspect shares wiped out their best gains from july after the company operating profits missed wall street estimates. we break down the numbers next. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg gap, bloomberg.com and on sirius xm. this is bloomberg. ♪ >> tech earnings continued this week with alphabet kicking off the auction on monday. revenue from the key holiday quarter missed wall street estimates, suggesting the company's advertising business is struggling to maintain growth in the face of rising competition. we broke down the numbers with bloomberg technology's mark bergen. someone

>> no. >> aol able to help with you that? frustrating dead end but by now police were looking at other possibilities. they dug deep entire the american dream the girgis family seemed to be living. and enter viewed the man of the house. magdi. >> how did you feel about your wife? >> i am devastated. we've been together 24 years. she's the mother of my kids. >> he really didn't have any vices of the he didn't spend any money on any hobbies of any sort of the so he was a guy who went to work and went home. >> but their father wasn't just a hard worker, said his sons. he was more like a workaholic. >> i think my mom felt neglected. he wasn't affectionate toward her. it was like all he would do was just work. >> i played sports all my life and he never, ever came to watch any sports that i played. >> a lot of childhood growing up, i can remember a lot about my mom but not about my dad. it is not because i don't want to. it is because he wasn't there. he would get up, to go work. >> that was because for magdi, the american dreep wa

you will see online manipulation that makes 2016 look like the aol dial-up tune. >> the question, the idea is to tell voters in middle america who trump really is. how do you convince people who say i know who he is but we have been losing the cultural war for so long. >> you don't convince them. the god squad is lost, they are gone. it is done. you are not going to move evangelicals. we had the shock and are but with evangelicals this week and will continue to do so, there is a small fraction of them in a few swing states that are squishy on donald trump, have reached the limit. how many judges are worth it? is it worth having a fundamentally amoral man, a fundamentally unchristian man in office for the trade-off of executive orders and judges? executive orders even trump supporters are realizing those are ephemeral. republicans use to lose their minds over barack obama and executive orders. i used to say all the time i don't think it is wise for the president, for obama to govern by executive order because someday a republican will be in office and they will flip that on its head an

>> we always preach, take advantage of motion aol overreactions. good and bad. a lot of good side with tesla. we think a lot of that is overreaction. on the bad side, a lot of corona fears will hurt markets and certain industries to a degree. a lot has been overreacted. we saw this with sars. we saw that with ebola. with ebola the markets are up 50% since that time. they got hit hard out of the gate. travel industry has been hit hard and airlines is overreaction. we have been saying this is overreaction and use it to get lower prices. people will jump on airplanes that will not stop it. caribbean cruise liners that whole sector this is more than a short-term emotional reaction this ising more ingrained. when ebola came out there weren't cruise lines filled with people and patients in there. there is a fear that will not snap back over 24, 48, whatever, 9hours. this is one sector where we normally say jump in low. we think there is a lot more low to be had there. probably weeks if not months. we're personally looking at a six-month lag before we even look at that

congress or can the european union require hosts of content, at that time we were talking about like aol, prodigy, compuserve, to use filters to keep content off their services. there were court fights on these questions on both sides of the atlantic, there was a question, should we protect children from that material, and at what cost? the answer essentially came down to, with the exception of libraries and other institutions, no mandatory filtering obligations because of the sense that filters were kind of inherently going to be both probably overbroad and underinclusive. they were going to sweep in material that wasn't actually what was the target of the filter. and that was going to be a significant burden on people's rights to freedom of expression. all of those kinds of assessments of filters, of like keyword filters from the late '90s, still essentially applied to ai of today, when we're thinking about more sophisticated filtering technologies, there are a lot of different technical capabilities that exist now that were only a dream in the late '90s. but the risks of overbreadth,

i can't help but wonder whether they will pull in aol time warner thing. company with the richly priced stock will merge with an old-fashioned auto manufacturer at some point. who knows. thejust saying, i think tesla short thesis is one of those things where it is the ultimate sentiment stock and so you have to be extraordinarily disciplined with shorting it, even with the fundamental checks you can make. purves,l right, michael thank you for joining us with your insights. want to get you an update on the latest numbers we have on the coronavirus. china saying there are at least now.8 cases we will have more numbers and those numbers are from that province. on thoseave an update numbers as we get them. still to come, we will have more on tesla's hot start. the ev maker tearing through 2020. we will look at what supercharged the stock to this point. this is bloomberg. ♪ paul: the chinese stocks have stabilized after the markets biggest loss of value on record. many traders are unconvinced the recovery will last. david glacis looking ahead to today's open. w

this looks like aol, 1999, yahoo!. bitcoin in 2018.ven volkswagen when porsche tried to take over in 2018, the shorts got squeezed. this is a massive short slaughter which caused the stock to go up. which means it is divorced from the fundamentals and when ever the market is acting irrational i advise my clients stay clear of that having said that, neil, elon musk is starting to get the job done. it is not about electric vehicles. it is about a tesla. there is a lot of competition out there. no one wants it. they want a tesla. if he is able to corner market in batteries and sell everyone solar panels they will do well going forward. neil: they are beautiful cars. they are the most stunning. that is subjective view here but i always worry when the shorts give up and capitulate. some say now it is a cult. i forget who said that. he had given up. when they all give up that usually represents a defining moment where the stock we all gave up on begins to run out, right? or down? >> they have had to give up because their bankers are calling

nextel deal which almost doomed it >> not that good >> right up there of the worst deals of all-time, aol warner, sprint/nextel, monsanto/bayer >> i thought it was important to pint out someone kind of a hero of mine, kansas city, family guy, a lot of kids go to notre dame, just a good man, all right? >> okay. >> i thought it was worth it it's not like, i know he's going to hit impact hp and say things that are somewhat negative >> negative on who >> come on, you're going to be negative you hate poison pills. >> i am known for hating poison pills? >> you are >> interfere in the governance of corporations in an effective way? we'll talk about that, a lot of m&a tactics that are interesting going on at hp xerox i want to get your full take on it, jim. >> you got it. i've been working on it. >> we'll get to other movers today including slack, call on chewy and a bunch more cramer's "mad dash" and the opening bell in about 16 minutes. don't go away. ♪ yes i'm stuck in the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a pro