into autodesk shifts subscription and it pays off. tenure at apple. how the tech giant has transformed since he took over at ceo and who is on the bench. . first, to the top story president trump is going after social networks. trump tweeted "social media giants are silencing millions of people. -- people. people have to figure out what is real and what is not without censorship." the tweet did not mention any companies by name but does follow actions taken by facebook, twitter, and health of it removing hundreds of accounts linked to alleged propaganda operations. brad joins us now. brad, amidst all of the other controversies happening, his top advisers flipping on him, and we are hearing the word impeachment being used by lawmakers, but what is your reaction to the latest information? >> a little bit of exasperation. down's -- down to issues. facilitators trying to get rid of free speech on their platforms. mark zuckerberg went and met with conservative leaders and i think that is one topic. the other one is the introduction of foreign influence con

coming up autodesk is showing , progress converting customers to subscribers.e will speak to the company ceo about the company's earning report, next. and if you like bloomberg news, check us out on the radio, listen on the bloomberg radio app, on bloomberg.com, and, on in the u.s. on sirius xm. this is bloomberg. ♪ emily: autodesk climbed to a record high friday after the s second quarter earnings report and forecast gave analysts at rbc capital market and oppenheimer confidence for the stock, citing the transition and subscriber growth. the ceo of autodesk joins me now in the studio. so why do you think investors are so excited? andrew: there are a couple of things people are excited about. growth is up 28%. it was the kind of thing they were expecting to see moving in into this side of the transition. in the front end of a transition, everything was going this way. now they are going this way. people are seeing the result they expect to see and it gives us room to talk about the long-term and not just the mood move to subscription. emily: where is that long-

op iopen is like apple and ibm d adobe, autodesk. we have many wonderful members. we represent pretty much every big and small software company that is there. host: nuala o'connor mentions several large companies which probably have the resources to comply with these new regulations. does this hurt smaller companies? have: that is a comment i heard a lot from u.s. based companies. i think it is something we need to watch out for. i don't think the intention behind the law would cement larger institutional players against smaller upstarts. in fact, i think someone say it was intended to increase competition by european companies and bring their software and tech industry to the fore. we have been hearing about that for a long time. i am not certain that is 100% correct. i think there is a lot of compliance and he is to be done to start the analysis of what data your company has, what information you have about your customers, suppliers, vendors, business partners. i think good data stewards, and i want to double down on the tour's point, that this affects not just t

. >> i was going to look at autodesk. >> soaring. >> the biggest gainer last night after the dow.so up 40 some percent year to date you know, this is kind of subscription software. it's a lot of those trends that we talk about that are, you know, right in there it's at $35 billion market cap. >> there was a time it's awhile ago. it's a success story, you can argue, in terms of activism. there was some activism there a couple of years back at this point. maybe even more. but, you know, a company that had underperformed in terms of the profit margins people felt like had a strong franchise and it wasn't fully exploiting i'm not sure if they changed out the ceo or not, mike. >> yeah. >> it's been straight up for two years. >> yeah. it was sideways for years. it clicked into a lot of those trends that, you know, that is working. >> speaking of it. biggest winners are the chip stocks nvidia and amd. >> assuming cramer would be talking about his favorite woman lisa sue. >> right and his dog. >> amt is a move it's up 85% for the year it puts you in mind that vintell is there any shift go

autodesk up 15%, it's best day since 2003. they put up a solid beat and boost quarter with subscriber growth up. paypal up four point 2%, some nice tech strength. vonnie: back to the breaking news, senator john mccain's family is saying the senator will discontinue medical treatment. ago thatbout a year the senator was suffering from a glioblastoma, and aggressive brain tumor and the prognosis was serious. the family has issued a statement saying -- the progress of disease and the inexorable advance of age rendered their verdict. the statement continues and finishes, thank you all. the senator is turning 82 this month and he had been at home in the last two months. let's get to kevin cirilli, our chief washington correspondent. i guess this is the next stage for senator mccain. he had been absent from the senate for the next -- last several months. kevin: senator mccain is largely profile of thee lion in the senate, someone who has cast a large, patriotic shadow over the entire upper chamber. you talk to anyone in washington w

plus, autodesk shift into subscription pays off. we speak to the ceo. tim cook's tenure at apple.has transformed in the seven years since he took over at ceo and

but that is sui generous kind of reminds me of autodesk i like it. charles in indiana charles? >> caller: hi, this is charles in indiana >> all right >> caller: and let me say to you, a ba-ba-ba-boo-yah! >> wow, that was massive boo-yah. so thrilled about it what's going on? >> caller: have i been a fan since your "mad money" insing, holy cow, when i was young. >> caller: yeah, me too. have i two questions the first is a 3-d printing company, straight tises limited. buy, sell or hold? not that good of a quarter. >> okay. we just had, and i went over the call, we had a really good call from 3d systems. the stock is up in a straight line, but is really good and let's not forget what they've been building at hp ink, they have terrific those are my two favorites lee in texas, lee? >> caller: boo-yah, jim. >> boo-yah >> caller: i struck oil. laredo petroleum >> we're going to lay low on oil. we're going to lay low on oil right now. it's a little too risky. by the way, fang, interesting idea to buy diamondback on the weakness >> how are you >> i am well. >

software company autodesk, a clear winner at this hour, popping, wow, 14%? not only did the company report better-than-expected earnings and boost guidance, but 13 analysts raised their price targets on it. so jpmorgan, they raised the price target from 150 to 175. they're behind because we're at $155.21. we should look at the retail sector, things are not exactly totally rosy there. investors running from foot locker after the sportswear retailer posted weaker than expected sales for the last quarter. not expected to get much better in the coming quarter even though the sneaker wars are on. wow. foot locker down 10%. iconic retailer gap, bad day for them. hate to look at this. down nearly 9% falling short with investors as the namesake brand reported wider than expected drops in quarterly same-store sales. the company did beat profit expectations but sales numbers struggles are facing the brand. the parent company of old navy, banana republic and athleta dropping $2.83 to $29.69. >>> i need to get to hawaii, it's starting to happen. beaches around honolulu

into autodesk shifts subscription and it pays off. tenure at apple.transformed since he

brick bob, created by autodesk, can do all that and unlock new ways to make things.sembly line might be very customised for the end customer. you have seen robots making things before, but the kind of machine you will see in factories today require extensive programming and calibration. derek they're engineered in a way that everything is locked in. if something were to go wrong, a part doesn't get delivered exactly, then the line goes down. he says his brick bot solves that by being understanding ofa solves that by being understanding of a task, rather than simply following instructions. in theory that means it should be able to adapt quickly to new projects. time to update you on the postelection situation in zimbabwe, we have not heard the results of the election, but they're saying the mdc alliance of is or has one. we are hearing three people have been shot deadin hearing three people have been shot dead in clashes in the capital of harare. play more to come in a few minutes' time on outside source. hello, the next uk forecast is coming up in half an hour. now t

seeing some buying of these high-quality names, autodesk getting all-time high after beat and boostgese gains continue? let's jump into the bloomberg. a powerful chart worth taking a look at more than once. in january that was the last all-time high prior to that -- prior to this week. at 90. anything over 70 is overbought. near correction, then this week record high. today the rsi below 70. that might suggest there is more room to run for stocks. abigail, thank you. let's get to first word news. mark: hurricane lane has been downgraded. the category two storm is to be taken seriously. pers are now at 110 miles hour. said the storm was moving north slightly at five miles per hour. >> of the hurricane will pass dangerously close to the hawaiian island chain into tonight and saturday. lane may weaken as it approaches but it will maintain hurricane strength as it approaches the islands. flooding will continue on the big island. hurricane force winds will continue for the next 24-36 hours at the higher elevations. rain 30 inches of associated with the hurricane has fallen on the big isla

up first shares of software maker autodesk much higher after reporting an earnings in revenue beat the company saw an acceleration of avenue revenue per subscriber up 15% today up close to 50% year to date and this was like going sideways for several years, and they did this kind of transition, this play book now that adobe followed, to go to subscription based, cloud bases, software instead of licensed annual deals, and it's taken off. very expensive stock >> chart tells the story there >>> diageo reported within talks about a possible deal, an investment or alliance to create cannabis infused beverages constellation brands really leading the charge on this one for a 38% stake. this is where the whole beer industry is going. i find it interesting they're all talking about all sorts of products but not mixing beer and cannabis >> right, right. >> but actually using cannabis in some way or another >> obviously it seems like a defensive move alcohol and beer sales are down. >> it's a major vote of confidence and legitimacy in the entire sector and a lot of those canadian stocks were up t

richn the side as usual. 120 5, 145 lines set up very well for a bullish view here is around 125 on autodesk add exposure. we think it is a good way to define risk adding some leverage on the upside. havesla, i understand you a low risk to play into the possibility of the 420 going private price target? >> yes. i spoke about this three months ,go, more of a short stock given the potential price, we are using a one by two call spread out to june. >> great stuff to we have to leave it there. thank you for joining us for options insights. back to you, scarlet. about 90a recap minutes ago, we learned michael cohen, the president's longtime attorney, had reached a pretty debt plea agreement with prosecutors. he will plead guilty to charges of campaign-finance violations, thanks fraud, and tax fraud as well. he is set to appear at a federal courthouse at 4:00 p.m. there is a shot. this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're faci