clegg, facebook vice president of global affairs and medication.ou for -- affairs and communication. thank you for coming on the show. technology" is next. romaine: this is bloomberg. ♪ ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. ♪ ♪ ♪ the big events are back. xfinity is your home for the return of live sports. emily: welcome to "bloomberg technology." i'm taylor riggs in for emily chang. u.s. stocks sinking deep in the red today as investors got a long-awaited pullback. mostasdaq tumbled by the since march in the s&p 500 had the worst day since june. and while, the vix briefly jumped over 35. also the highest since june. with more on today's action, let's get straight to it with abigail doolittle.

respond to the matter in a blog post facebook's vice president of global affairs and communications nick clegg confirmed the inquiry while this approach is subject to further process that followed it could have a far reaching effect on the businesses that rely on c c's and on the online services many people and businesses rely on he added id p.c. argues data transfer as well they cannot in practice be used for us data transferred this comes after the european court of justice ruled data transfer between the. and the u.s. doesn't adequately protect the privacy of european citizens well it could face a fine of up to 4 percent of its revenue or $2800000000.00 if it actually fails to comply. the global race for a crown of our saxon continues even though one major pharmaceutical has already

taylor: that was nick clay with facebook -- nick clegg with facebook.oing to look at that big tex selloff, that was since june -- the worst since june. ♪ theor: equities tumbling by most in almost three months as they were taken away from the highflying tech stocks. now, the senior vice president of strategy at global x etf. to me about the unwind we -- tell me about the online we have seen in big tex today. -- unwind we have seen in big tech today. can you hear me? we will get back to him. try to reestablish the line as we -- let's try to reestablish the line as we talked to him. a really rough day in the equity markets today, big tech having some of its worst -- one of its worst days since june. up a littleing better than the s&p. ruffleap stocks that 2000, the big underperformer as well, certainly not selling off as quickly as we can, so you are getting a bigger selloff today. the nasdaq the worst performer, which was off about 5%. you did see a bit of elevation points.ix, up seven earlier in the day, the vix was up about nine points. back on theave

election in november descends into chaos this is what the company's head of global affairs nick clegg said in an interview to the financial times there are some break glass options available to us if there really is an extremely chaotic and worse still violent set of circumstances we have acted aggressively in other parts of the world where we think that there is a real civic instability and we obviously have the tools to do that. facebook says it has previously limited content on its platform during periods of unrest in countries like myanmar and india but it has faced criticism for failing to prevent russian attempts to manipulate the 2016 u.s. elections facebook's now under mounting pressure to address misinformation and voter suppression ahead of november's vote there are growing concerns that media can be used to contest a result or even call for violent protests among facebook's new policies will be adding a warning to posts in which candidates might be prematurely claiming victory. let's bring in our guests in washington d.c. rebecca mackinnon director of ranking digital rights

nick clegg is lying to you, on the take of the millionaires, shoots bunny rabbits, why would that notter when i buy it? >> so look. the reason we have put the guardrails in, by the way, part of a sort of bunch of ten extra measures including a tightening of voter suppression policies that will lead to more posts being taken down. we have from the president and just recently last month about a post about covid which we have taken down so we remove content -- >> forgive me for interrupting. good for facebook. the president said something that's not true. so you take down the medical information which is good but political junk can stay up. seems like a double standard. if it is not true it is not true. >> let me try to explain. we take stuff down where we think there is a very clear and imminent harm to people. around covid where we feel that information will lead to people being -- believing that covid is not serious or a hoax or in the case of voting if there is a clear falsehood about where, when and how to vote which will lead to people forfeiting their right to vote. what we do not

and correspondent nick clegg. he was at the protest in minsk and he sent this report. it began with glitter balloons and relaxed smiles but just an hour in and this week's women's march came to a screeching halt as riot police in balaclavas jumped out of unmarked vans in the protesters paul within minutes the police encircled the marchers breaking them down into smaller groups but only a handful tried to get away even though they had the chance to do so most it seemed resigned to the prospect of being arrested even if that could mean spending 10 days in jail. one thing you hear from protesters had time time again is this they can't throw us all in jail they just don't have enough space there are just too many of us and as if to prove exactly that point just as the arrests were reaching a climax a joint opposition flag appeared in the sky pulled by a drone all the police could do was scratch their heads. the last few weeks are anything to go by it seems that every time the government ups the pressure on the protestors it brings yet more people out into the streets again

facebook vice president nick clegg is standing by. we questions for him in just a moment.unge you into deep, dark lows. and, can leave you feeling extremely sad and disinterested. overwhelmed by bipolar depression? ask about vraylar. not all types of depression should be treated the same. vraylar effectively helps relieve all symptoms of bipolar depression... with just one pill, once a day. elderly patients with dementia-related psychosis have an increased risk of death or stroke. call your doctor about unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles or confusion, which may mean a life-threatening reaction, or uncontrollable muscle movements, which may be permanent. side effects may not appear for several weeks. metabolic changes may occur. nausea, restlessness and movement dysfunction are common side effects. when bipolar depression overwhelms, ask how vraylar can help. in honor of our 50th anniversary, we're committing over $30 million dollars to new student scholarships. becau

i want to bring in nick clegg, vice president of global affairs and communications for facebook.ick, tell us what's new about this plan, and what new tools are going to be available to users. >> so the climate science information center will be available to everybody, we're rolling it at in four or five countries today and then we'll roll it out to other countries around the world in weeks and months to come it's modelled on the experience that we've had with the covid information hub we built a few months ago which 2 billion people have seen, 600 million people have double clicked to find more authoritative information about the pandemic it's also following the voter information hub we established here in the united states in the run-up to the election in early november where we hope over 160 million americans will see that. we hope it will drive registration of 4 million americans registering to vote who otherwise might not. and this climate science information center will be one simple place where you can go to get all the most authoritative information from the world's most a

we'll speak with nick clegg about the new policies surrounding the election looking forward to that one. let's get straight to our top story of the day the market selloff mike santelli has more on the major market pull back. >> a big pluflush of the hot moy also taking the whole market down take a two year look the reason noor you is get several times here where the index nosed above to a new all time high. as i pointed out, it often just has to kind of come back around and maybe retest and check to see if that break to an all thyme high is okay obviously this one was major that was a one off a major shock. st but if we did have to go back and see if that high breakout is okay, you are talking about a couple percent down on the s&p 500. it's nothing major when you look at it this way, you see it is very common to have it in this rolling fashion as opposed to just blasting off to stay once we get to record highs. look at the nasdaq along with kind of a couple of trend indicators of the nasdaq this is a 21-day average i pointed this out numerous times. we bounced off it a few times in the

announces new measures to try to protect the integrity of the presidential election — we ask nick clegge social media giant's head of communications, if it goes far enough. also in the programme.... manchester united's marcus rashford spent his summer raising the issue of child poverty in the uk. we will discuss it with the childrens comissioner here in england. and it is pasture bedtime. the hotel offering its customers the chance to sleep next to a horse. small towns usually don't get a visit from a presidential candidate, let alone two candidates. but this week both donald trump and joe biden have gone to kenosha, wisconsin — and they've gone with different messages. they've even met very different people. joe biden is there today, meeting the family ofjacob blake, the black man shot in the back seven times by a white police officer. he's also meeting black community leaders. donald trump was there earlier this week — he met police officers — and business owners, most of them white, whose properties had been destroyed in the rioting. mr trump went to kenosha to boost his reputation a

mr clegg is in russia's capital today by the way here visiting moscow's telemedicine center and we expect to meet him later today on a forest site loop i'll be able to talk about the russian vaccines we've seen as well you one of the early volunteers who came forward to say that you're you try this book makes the the question is what happened you know were the any any contra indications are you feeling alright other than go the i got me into action on saturday or maybe cavett was a placebo because this is a so-called double blind trial when neither participant or doctors know who eaves receiving what kind of drug is it a drug or placebo no one knows and actually i don't know whether i'll have the answer to this question at all and this is the idea of these trials so i got it on saturday whatever it was and in the next day i felt quite bad to be honest as if i had some kind of earth fire is i was starting and so i got muscles he i got some you had a it was very hard for me to concentrate in terms of these and. it faded away like the next day so it just lasted around like 16 hours but i was

open letter expressing their concerns and expressing their attitude towards russia in fact say mr clegg is in the russian capital now this is in moscow telemedicine center that you can see behind me i think the chance to talk to him and to discuss this witness is my question of course is the top russian but it seems now we're talking about the scenes around 3 of them right now what do you think about them and why there are so much skepticism right now the russian federation has objectively a long history for folks in development manufacturing and also take that is no reason that they seek to be skeptical but of course like any over could. there are certain criteria that the character has prior to you one of the early volunteers who came forward to say that yeah you try this the question is what happened you know. and the and the contra indications. i got the injection on saturday or maybe kava it was a placebo because this is a so-called double blind trial when neither participant or doctors know who easy. receiving what kind of a drug is it a drug ople a civa no one knows and actually

they went to auto clegg. a number of prominent russian journalist including editor in chief margaret system and yahoo who were allowed to pitch the embattled russian president alex are the new shake of various questions and they went on ad meg's about manner of topics including the internal politics in belarus the you know the protests that have been going all the the rage and the you know what predictability surrounding the political crisis gripping bellerose and he also talked at length about foreign meddling talking a lot about how it is becoming glue belies internationalized how protests could be organized and run via telegram for example from from an entirely different country talking about the united states which he says very clearly picked sides in this internal struggle that is bella russian and yet all these protests telegraphed channels and groups are being won from from other countries he talked about the internet for example this is. talking about the internet a man who who forced the into that yo

the headlines on al-jazeera period always got your news hour in about 25 minutes time next it's nick clegg with counting the costs. al-jazeera. is the government that's serving actual to really address some of the structural issues we listen i still think that. travel and we meet with global newsmakers and talk about the stories that matter. there i'm not clock this is counting the cost on al-jazeera to look at the world of business and economics this week mozambique's troubled road to becoming the world's 4th biggest gas exporter a debt crisis. society and an islamist uprising near its most valuable gas field. also this week an epic battle to challenge apple's grip on its store a multi-billion dollar gaming company taking on the tech giants and the regulators watching from the wings. the mighty dollar. ends its dominance or is that wishful thinking on the road to a currency. in time mozambique will become the 4th biggest exporter of gas but right now is fast becoming the most unequal society in sub-saharan africa the promise of gas riches could not come quickly enough for a nation. scanda

the headlines on al-jazeera pitted always got your news hour in about 25 minutes time next it's nick clegg with counting the costs. is the government necessary action to really address some of the structural issues we listen i still think that. travel and we meet with global news makers and talk about the stories that matter on the. elevator on a clock this is counting the cost on al-jazeera to look at the world of business and economics this week mozambique's troubled road to becoming the world's 4th biggest gas exporter a debt crisis. society and an islamist uprising near its most valuable gas fields. also this week an epic battle to challenge apple's grip on it for a multi-billion dollar gaming company taking on the tech giants and the regulators watching from the wing.

respond to the matter in a blog post facebook's vice president of global affairs and communications nick clegg confirmed the inquiry while this approach is subject to further process that followed it could have a far reaching effect on the businesses that rely on c c's and on the online services many people and businesses rely on he added id p.c. argues data transfer as well cannot in practice be used for us data transferred this comes after the european court of justice ruled data transfer between the. and the u.s. doesn't adequately protect the privacy of european citizens will attack john could face a fine of up to 4 percent of its revenue or $2800000000.00 if it actually fails to comply. the global race for a coronavirus vaccine continues even though one major pharmaceutical has already places kovan $1000.00 trial on hold and while u.s. government officials claim a vaccine could be ready for early fall or even when her well there are some serious concerns worldwide as to how effectively and safely these new vaccines can be delivered and then administered well tony chavez is covering all of

from my balcony i could see the sleek and it didn't at all know clegg wanted to see. today it was a dying me and i felt that. levi and loudly to die before my eyes then i am popular spawn to my life. with the help of neighbors and the larger community radical cullen urged the civic authorities to invest in the revival of put in a wholly. new they agreed on the condition that its maintenance would be up to its citizens. in 2010 rajagopal and pooled in money to form a lake improvement trust with like minded citizens and experimented with innovation based on simple science. they used discarded b.v.c. types to create a number of artificial floating islands. we did our own research on how to improve the quality of the walk done to be zoned in on this principle of hydroponics very you have people growing money planting bottles of water basically the job being the nutrients from the water so we extended that into making this what we call the artificial floating islands. these islands i made up of plastic bottles that have several species of bio food to plants growing in them

we spoke with nick clegg at facebook and he said the reason they decided to go with a climate changes because they have seen so much success with the covid-19 hub and the voting section. this they feel is a way they can walk the line between not feeling they have to police every post on the platform around misleading info, and still give folks somewhere to information.ible emily: on the west coast, as rage, wees continue to have been going on a month of bad air here. i do want to talk to you about the stop paid and for profit campaign. she said, i love that i can connect directly with you through facebook and instagram but i cannot stand by while spread hate and misinformation. fewis just one of a celebrities that will be andzing their facebook instagram accounts tomorrow as part of the stop hate for profit campaign. adding your name to this with sacha baron cohen --adding her name to this with sacha baron cohen, katy perry. 188 millions instagram followers. she chooses to post something or not to pull something. this is the same group leading the ad boycott from july which we talked

one leaders of the general assembly try to get global negotiations back on track al-jazeera as nick clegg has more. across the world. take this right here is a climate emergency unfolding before our very eyes where there was once a thick layer of sea ice it's now fragmented broken up sea ice is already lost 2 thirds of its volume over the past 4 decades and this year's summer extent is the 2nd lowest ever measured their rapid loss of sea ice in the arctic it's a sobering indicator of how close they are planets circling the drain. as the arctic ice melts more heat will be trapped by the ocean and all of us will be more exposed by that devastating impacts of the climate crisis. than this year those impacts have been brutal from record wildfires in the western united states. and in australia to seemingly endless storms and hurricanes queueing up in the atlantic making landfall with colossal and catastrophic effect. about now and we've only got about one degree of warming at the moment and already we're seeing more extreme weather we're seeing millions of people displaced from their homes the

nick clegg, reliable sources, next. many ways this this is t facebook election.ust facebook that lets political ads lie. it's because of government policy. i'll show you why in just a few minutes. but first this question, what do the people closest to president trump know about his conduct and his misconduct.

facebook vp ofas global affairs and communications nick clegg.mer leader liberal democrats in the u.k., talking to emily chang. let's have a look at the latest headlines. yum china set to close hong kong share books early. listing price at 412 hong kong dollars a share. china's biggest record drought -- selling almost 42 million shares. yum will use about half the proceeds to expand its restaurant network, and the rest will be for new technology and supply chain food innovation. the race for tiktok assets across the globe sees softbank considering a bid for the assets in india. we are told it has held talks with reliance's geo platforms about a deal. softbank says the negotiations have stalled, but they remain interested. taking a look at equity markets right now, and the selloff continues. still lower by more than 1% off the asia-pacific benchmark, on course for the worst performance since april. the i.t. sector is the big culprit today, still falling with names like tencent falling from 2%. nasdaq futures still lower by 1%. take a look at the c

and also to the global vice president of facebook, one nick clegg, you may remember him!city centre after a number of stabbings overnight. west midlands police have said they were called to the scene just after midnight, and a number of people have been injured. eyewitness cara described what she saw. at the start of the night the fight started off asjust at the start of the night the fight started off as just fistfights and people walked away and it was fine but progressively, got to the point where security wasn't able to pull them off each other. which has never really been a problem for us, this was quite a shock. police started to get involved more. and then, walking out of arcadian, into the incident, which is now headline news, it was, multiple people at a time fighting, it wasn'tjust one multiple people at a time fighting, it wasn't just one on multiple people at a time fighting, it wasn'tjust one on one, there was just groups, to this stage, it was just groups, to this stage, it was just a blur, for what was going on. it was people upon people, there was males, f