that are other private company or decentralized company that offers enter and compete in 10 encryption as well on communication. so it can happen and it can be done in this way. we need to have the larger conversation on what or so facebook is doing still with some what's up data and on the content of the messages, but other of their data around communication. because, and i think facebook themselves has made a lot of commitment toward staying on encryption, but it's not because it says on facebook that those commitment will continue to be there. but the value that encryption brings to safe communications for many of us around the world and for, for many, for many sectors to be honest like encryption is not just about communication. it's also the foundation of banking sectors to avoid fraud, etc, etc. so you don't, you don't break encryption into a system without breaking a whole infrastructure as well. so it's, it's, again, often a larger conversation that needs to happen. but to your point, you can separate system and make sure that privacy safeguards apply strongly and to be complet

a hated company.unds and becoming very interesting in terms of where it's valued pricing in the bad news. >> facebook down weighing on the nasdaq the laggard of the majors down 2.4% with 6 moneys left. fintech had a tough day. kay rooney with the details for us. >> hey high growth fintech names slammed by the rotation seeing out of tech stocks the buy now pay later platform down 9% and announced last week launching crypto and an outperform lately. square meanwhile down about 6% heading into the close this one definitely trades like a tech stock year to date gains are now only around 3% after the big outperformance last year paypal down roughly 4% heading into the close coinbase and robinhood negative but faring better today off looks like 1% here and robinhood down 2.5% heading into the close today. back to you. >> bitcoin is acting well up more than 300 bucks despite the big tech selloff right now kate, thank you. shares of tesla and gm are higher today despite the broader selloff. phil >> the move f

of the company. emily: speaking of facebook, facebook filed a motion to dismiss the ftc second antitrust suit against the company. this just out from down detector following the facebook outage, which is still going on, down detector saying this outage is the largest outage it has ever seen. we're going to continue to follow that and see how that plays out. always good to have you here. thank you. captain kirk from the 1960's tv series star trek is going into space. blue origins william shatner will fly on board new shepard on october 12. the flight follows blue origin's first successful human flight in july, which included jeff bezos. shatner is 90 and will be the oldest person ever to fly in space. coming up. a release date has finally been set for the new apple watch. how supply chain issues may impact production for apple and your holiday shopping. next. this is bloomberg. ♪ emily: apple set a release date for the its smartwatch, a sign is working out production challenges. the company plans to b

it's after a deal to purchase part of the company fell through. it could soon be declared in default with liabilities of around $305000000000.00. u. s. president jo bite biden says he's concerned about chinese hypersonic missiles technology destination by the financial time says china had tested a new hypersonic weapon back in august. beijing has denied the report saying it was testing space vehicle. the un security council has held an emergency meeting on north korea day on to pyongyang, testified a ballistic missile from submarine. the us, south korea and japan have condemned it. the taliban says it needs international recognition to ease off gone as stones, humanitarian crisis. representatives were speaking in moscow following a conference with regional palace. more than a 100 people have died in india and the pool during heavy flooding and landslides consecutive days of relentless rainfall have inundated farmland and swept away houses in india's normal state. of said account pro, just as ins to dawn on demanding, the transitional government be

hardware the company offers.e were not able to connect to their oculus system or to the newly launched glasses. it showed facebook is not really helping building the internet in a decentralized manner that would help in the case of incidents like that to have backup plans to maintain communication and help people get access to services, but has created a wall around the users to give them inside. when there is a problem, it's as if the whole communications system fell down. a lot of people thought, i'm using back sms, or learning that there's no other alternative. it goes to show how much power this single company has and the impact it has on the internet and users at large. i'm hoping this is also a wake-up call for many to show that no matter which company it is, they should not hold that much power over the infrastructure. adrian: catalina, what are the potential legal ramifications for facebook over this six hour outage? could it be sued, and if so, by whom? catalina: we have heard before that there are going

we -- companies are able to deliver to the companies faster.ile was able to deliver 10 times as fast to their customers. goldman sachs was able to go from two weeks to two hours to improve their most important application that is the kind of results companies can get when they go from doing it themselves to the platform. caroline: what is interesting is you were able to do remote work before remote work became a necessity. what is your playbook? when you are talking to your clients who are willing to develop their own applications remotely, they want to collaborate using gitlab, how do you say the soweto thrive in this environment is? how do you build such great products when you're in different countries? >> we believe we were the largest remote company before the pandemic and during the last two years, we shared a lot of the lessons including organizing informal communication. for every company, it is important to get everyone on the same page. there is a single application, one interface and it makes them more productive, makes the software

company like stripes. stripes solved a very simple problem and often that's the best approach is to just really focus narrowly on one problem and the then over time expand out. >> well speaking of platforms and different challenges let's turn to the facebook fallout that stock is coming off four straight down weeks after the whistleblower's testimony. they want to nudge teams away from content that may not be conducive to well being. craig rebuffed calls by lawmakers to reveal facebook's algorithms and as facebook draws growing scrutiny from capitol hill >> things that we have heard from users both in the u.s. and around the world since the election is that people want to see if you like more friends less politics. so that should be looking, testing ways in which we can reduce the presence of politics on people's facebook experiences. >> interesting to see him playing defense now. a real emphasis they are doing their best, continue to make more changes but they want regulation, regulation would be benefici

company. remember, it will be one of the largest media companies in the world, obviously a direct-to-consumer will be the primary focus, bur it still has linear networks. with five times leverage, and linear networks, there seems to still be resistance. with an increasing management team, it's going to be tough at&t is jettisoning a lot there to create value, so to speak 76% of the company will be formed or controlled by former at&t shareholders. we'll see. >> a lot of times we have to think about who the shareholder bay is at&t was for different, it was slow growth, verizon is for a little lower dividend, faster growth t-mobile up five yesterday, because they have the fastest growth the individual investors are no into dividend. highly unusual this is exciting to me >> that, by far, is the most positive thing i've heard you say about at&t since the deal was announced. you were very, very angry. you were misled on the dividend. >> i think misled is the right world. is it a star that's born no,

companies.e started building relationships earlier. finding our way in the communities to meet these companies. emily: are there any trends you are doubling dell on or is it more about the people than the idea? >> we are doubling down on everything in technology. what an exciting time to be in the business. whether it is to be a journalist or a banker, it is an extraordinary time. there are a bunch of trends that are exciting and some are represented here. all the cutting edge technology. the companies that will deliver our future. artificial intelligence companies. augmented reality. quantum computer. all the things you hear about that are tending -- that are cutting edge technologies are exciting to double down on and we are doing that. when i think about the activity levels at goldman and the activity levels more broadly in the economy, and when i think about the attendee list at a conference like this, of the places you are seeing a lot of things happening is in the places of overlap between

>> so, pinterest for all the time that i have known the company is company that's all about focus.eir meaning is focused, and so the company feels like what it wants to do well is operate the pinterest app and the pinterest website and sell advertising and be the best part as you can in that space and they are not launch spectacles and reality and all kinds of things there's a lot of work to do in the core space they're in given what they have overseas and to some analyst, maybe they're moving too slowly and adding enough additional products and taking moonshots and the nature of the company is they want to be the best they can at their core business which by the way is a very high margin and profitable business, and it has a lot of room to grow. it's focus and diversification with these other innovative opportunities. >> but kamran, as you talk about room for growth, and i'm sure you're looking at consumer trends as you invest as a venture investor, there's this question of what happens to consumers as we, merge from the pandemic and pinterest saw massive growth in the beginning o

and that these companies set up. and rebecca, you know, just, just hearing that, you know, we have a tweet from mary hagler on twitter saying in response to a tweet from b p a. it's not fair that they get to be both the problem and the solution. now on the face of it, that does seem a bit maddening, right? for people who care about the climate or at least odd, i'm curious in your research in your work, what can you tell us about how greenwashing actually impacts the public's perception of what these oil companies do rather than just what they represent. but what they're actually accomplishing. yeah, the example is, highlights the theme that oil companies benefit from appearing to be part of the pollution that they're serious about climate change. because that means they can actually be in the room with policy makers and seem like they're being serious on climate science. and. 9 by being in that room, they can start to influence really important matters like timelines of how and when we address climate change and defi

services continue to be a bright spot for the company.ow are you thinking about that as they come in below expectations? the thought on wearables is much more, does it keep people stickier? do you use them more to access more services should mark that's what the higher multiple is for. when it was just a device company worried about shipments, it was a lower multiple but now it's a higher multiple as they recognize the recurring revenue on the services side. if it gets you to do more in their ecosystem, that's a good thing. we have to monitor to make sure that people are actually attaching themselves to these. this quarter is a little light but i think that's much more of a supply problem than a demand problem and i think that will get alleviated and if it causes them to use the services more, it's great for apple in the long term. on wearables, facebook talking about how their wearables will bring them into the meta-verse. looking at the apple strategy, are you happy with their competitive strategy? -- standing? if you look at these -- j

general, i am not talking about maybe secular driven growth companies but a small cap company has more difficult time, by nature, dealing with supply chain problems, dealing with global macro uncertainties, and just, you know, in an uncertain environment these companies have a more difficult time sort of getting the product where they need it when they need it. that's why, really, when you think about this environment today, any type of logistical company should be fundamentally valued more today than yesterday. but the companies we look at at the kaufman small cap fund have secular drivers. even if it is a small cap company, cryoport, for example, extreme high value logistics i am not talking about sneakers here they transport cell and gene therapies. they require strict temperature control and storage of biological specimens mini-to-minilogistics where they are aware of the exact temperature and turbulence this product may encounter. they are part 600 fda trials no matter what is going on in the economic environment cryoport is a company that's going to be worth more tomorrow than it

it is a great company. got a 50 year history of no furloughs, no pay cuts, no layoffs, and we've got a great future ahead. i am very confident we will do it. we will just have to prove to ourselves the pace that we can hire before we get out there and publish schedules. guy: you are a government contractor. you carry the mail. the president says there is a mandate for people to get vaccinated. you are not so sure. how many of your staff are currently fully vaccinated? how many do using are going to be fully vaccinated by the 24th? if they are not all, what are you going to do? gary: when you say we are not quite so sure, i am very much in favor of getting the world vaccinated, number one, so we can defeat this pandemic. at the same time as the leader of our company, i don't feel like i should impose my will on others and force them to get vaccinated. so we are going to start from that position area we are a government contractor, and you are right, there is an executive order that mandates that our employee

an application software company looking to buy surveymonkey's parent company momentum global and taking% hit since announcing the deal -- taking a 24% 10 -- hit since announcing the deal. we will see how that potential deal actually turns out. lastly, facebook. even though we did have the major name change brand change to meta-, trading officially under that title december 1, actually ending lower on the week highlighting broader issues facebook has been kneeling with. emily: -- dealing with. emily: thank you. shares of twilio, which helps brands communicate with customers, plunging down 17%. a week fourth-quarter forecast and that a partner of its coo was unexpected area are investors missing something? joining me now is twilio ceo jeff lawson. what you think investors are thinking here? i they missing something? jeff: the market decides what the market wants to decide i'm a but we had a fantastic quarter. we have this model that is a real palo -- a real power force because it aligns us with customers. that has fueled are very strong dollar base expansion rate and growth, which organic

i think it's harder for a company to do that. a company could not do that secretly. they would need to be very overt . facebook more than most, there's quite a lot of -- -- whistleblowers coming from the woodwork if the comedy were trying to secretly take a stance. host: roger is calling from raleigh, north carolina, on the republican line. good morning. caller: my question relates to whether or not facebook is subject to -- i think it's the 1934 federal broadcasting act. i can't member the name of it specifically -- remember the name of it specifically, or the patriot act, things like that that govern to the extent to which the government can monitor what goes on facebook. also to what extent are facebook groups actually private? guest: that's an excellent question. the law you are referring to is the 1954 communications act, the provision set up the federal communications commission as a regulator. i've spent some of my career working at the fcc. there's a robust debate still going on among scholars and researchers in the community about how to approach the interne

company?absolutely. this is essentially end to end software you start with the design and engineering into the production and operations element into the asset optimization piece that's an incredible amount of value creation you design in a very optimal way. you optimize as you're running the place. it's a tremendous amount of value they create and into the energy future as well. >> so let's be devil's advocate. i happento love emerson, i've loved emerson for a long time. >> you and i both. >> you and i both, and mr. farr. i cannot believe what a gem. but are you going to break it up >> that's a great question look, the name of the game is value creation >> yes, indeed >> for us as a management team and board, what's important is thinking about that over time. and we have a unique opportunity. it's culture it's the portfolio and it's the phenomenal execution. >> okay. >> david left me a phenomenal company. but now it's an opportunity to take it forward and to think about how we can elevate the

and let's not forget with facebook or google or these companies. we're talking about companies with very high gross margins and very high net margins and so they do have the ability to pay a little bit more or recruit where they have to to get the jobs done and continue to see the growth so, i'm not too worried about margin compression in tech relative to industrials or the more cyclical areas that don't have that kind of incredibly strong margin structure. >> well, i know we were just talking about tesla, nick, i know you made your bones covering the auto sector years ago. i wonder, i mean, to what degree should we worry about chip supply, whether it's coming from overseas or even the time that would be involved in repatriating a lot of those supply chains. >> you're right. it is a big issue. i expect to see the auto industry and industrial companies generally try to figure out the supply chain issues by onsourcing or insourcing or having suppliers build plants to where production is these global supply chains really snapped this year and that's b

you cannot trust the companies.tical for parents to speak up, tell your representatives if you don't like what is going on, because now is the moment that we could really see change in congress. emily: all right, ariel fox johnson, we could debate this for hours. i appreciate you sharing your insights with us today. senior counsel for global policy at common sense media. thanks so much. coming up, instacart is taking on amazon and adding two new board members ahead of a public -- much-anticipated public offering. after the break we are going to , hear from the ceo of winston -- instacart after her first 90 days on the job in a wide-ranging conversation from food shortages and the future of shopping cart technology. that is next. this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch

the company is large. sen. lujan: it is my understanding there is a gentleman by the name of roy austen who is the vice president of civil rights who described himself as an inspector general. he does not have the authority to make these internal conflicts public. the oversight board was created by facebook. it was not created to raise concerns. another area i believe we have to act on. i thank you for coming forward today. ms. haugen: my pleasure, happy to serve. chrm. blumenthal: the committee is in recess.

as other companies like google, any independent researcher can download from the internet that companies search results and write papers about what they find and they do. facebook hides behind walls that keeps resources and regulators from understanding the true system. they will tell you privacy means that it cannot give you data. when tobacco companies claimed filtered cigarettes were safer for consumers, scientists could independently invalidate these messages. and confirm they posed a greater threat to human health. the public cannot do the same with facebook. we have been given no other option than to take their message on blind faith. not only does that company hide most of its own data, my disclosure has proved when facebook is directly asked questions as important as how do you impact the health and safety of our children, they mislead and misdirect. facebook has not earned our blind faith. this inability to confirm how they work is communicated and -- it is like the department of transportation regulate in cars by only watching them drive down the highway. today, no regulator ha

way the companies in u.s. and canada. >> frank holland, thank you. >>> check on the markets as we wrap up the show all in the green and the s&p is 44.67. that's the level there about 0.7% david, every sector in the green for the s&p except for communication services that will do it for us "techcheck" starts now. >>> happy friday and welcome to "techcheck" i'm john fortt and carl quintannila aand julia boorstin look at names like facebook, amazon and alphabet. bit coin the possibility of a bit coin etf and how to play the crypto comeback. >>> later a "techcheck" exclusive with ceo of roblox >>> john, we're coming up on earnings starting next week we'll get some big ones and skepticism from the street on technology rbc warns of a controversial q4. bullish on names like alphabet and amazon and unsure on stocks like snap and pinterest. predicting deceleration and citi blames that on inflation and meantime the strongest call comes out of evercore. they add facebook to technical underperform after a 13% drop in the

amanda: keep in mind, this is a blank check company, a blank page company.e do not know what the company will do. he has grand plans for it, but it is not doing anything at. to me, it is emblematic of a point in the market where money seeking a home, even if it does not know why. matt: my personal take is this is a little bit different because it concerns a president of the united states. even if the president's son is not an artist and people are willing to pay half $1 million for his paintings, it makes sense people would buy stock in a company that wants to buy a president's nonexisting media assets. a stock going in the opposite duration, intel shares are falling. the market cap has been literally decimated, and then some. we will tell you why, next. this is bloomberg. ♪ matt: this is "bloomberg markets." shares of intel have fallen more than 10% after the chipmaker reported earnings and and projected -- reported earnings and more spending. the ceo sat down with us to discuss the results. >> my projections have not changed. pat have: always said the seco

ramp up the company, but at what cost? that's a concern weighing on the stock after hours. just eight minutes after reporting its fourth-quarter earnings, snapchat reported a weaker fourth-quarter forecast, losing .25 of its value. they are at a disadvantage but they're also dealing with advertisers. they are also dealing with supply chain concerns and may not want to be getting new customers. a lot going on for both intel and snapchat. emily: thank you for that roundup. let's stick with intel, shares following. the forecast not what analysts had expected. what is the headline take away here? >> it means not enough pcs are getting made, and it's not our fault. that's kind of consistent with what other companies are saying. but you look behind the numbers and what investors are really concerned about, how much is the market and how much is you losing market share? emily: the investments he's making and manufacturing are starting to be seen. is it just going to take a longer time than analysts had expected to see the benefit

, metals companies.s and you looke■ at the future of this company in terms-9■ of spending today we are still at e■50% of corporatelp expenditures global expenditures. that is going to increase rapidly in the next couple of quarters if you also look at b 2 b spend of american express it is only it is trading belowxd■18 times$■ digits.es@(t&há■p &hc% 9-■ coming that we have already had is going to help a stock like american express. >> all about the consumer there■ anything else with regard to the infrastructure plan that could be good for say technology, broadband access, we have talked a lot about thist■ motion that infrastructure doesn't necessarily mean roads,qbridges and tunnels. that directly correlates to that,e1 qualcomm the platform, the ip for 5g. this is a stock that in the past hadxd■a lot of issues withl■ loyalty. that's all been taken care of with ñr■hina the stock today trades at 14 times earnings double digit growth, dividendjf yield, a solid balance sheet.w why is this company importanqi i

one company controls three of the world's biggest platforms. when one goes down, oftentimes they'll all go down, as we saw yesterday. but you're right, she said she has experience in other platforms and what she saw at facebook concerned her so much that she's now shortly going to be giving testimony in the room behind me. >> i'm going to quote from her opening stam. facebook, she says, became a $1 trillion company by paying for its praofits for its safety, including the safety of our children and that's unacceptable. this is not the first bout of bad pr for facebook here and yet the profit spigot keeps on spitting out money. and the disinformation continues to get shared. do you see this as a moment of change? >> every time there has been a facebook scandal, think about cambridge analytica, they try to lay low, down then come. most users come back although they have lost in some ways around the edges around younger users who might like instagram, but not facebook, but since instagram is owned by facebook, mark szuckerberg always wins. protecti

the two companies ho

in the big extracted companies. so they drew a line, many of the companies that are sponsoring glasgow this time are seriously committed to getting their own emissions of greenhouse gases under control. they have ambitious targets. we're not going to do this without big multinational companies being part of the story. it's ridiculous to think that we could get there without that. so as long as the sponsors are, as it were, just players in the whole process for people who are completely shaping influencing or manipulating that process. i don't have an objection to that. it, when you get these dreadful double standards where the oil and gas companies are putting their logos up all over conference, this kind, then you begin to think the tests really just not acceptable. we can't be doing with that amount of cognitive dissonance in these are in these events, well used to work for me or talk to us before about a green washing. but on the other hand, if they don't put the corporate logos, isn't it still important that fos

the companies for 500 of the leading companies in u.s.ust putting out disclosures about their financials but also deciding different ways to report their financials in different ways a report their executive compensation so we have a role to try to standardize that and bring some comparability and so it helps the companies as well as the investors. >> i agree and i think that's why the investors are asking for it a lot of large companies are 91 ask, i know a number of my colleagues really hot in this crypto stuff would have to tell you, people ask me all of the time how did that help the dollar and help the united states. for anybody other than traffickers, terrorist, or people trying to make a quick buck. how does it help us help and have this crypto currency. i understand it could help development how does that help us, all of these crypto currency. >> we have around the, 180 currencies different countries have these country has more than we have the u.s. dollar that happens to be the leading currency around the globe. it's unlikely tha

however, they don't always have to have a warrant if a company wilfully gives it up a company like amazon loves to work with law enforcement. it's one of their should their new markets that they want to reach out to. so if amazon simply hands over your information without a warrant necessary, there is no obligation on the part of law enforcement to get one. if a 3rd party is handing it over. yeah, the government is a big client of big tech r t boom bus co host an investigative journalists, ben swan, thank you. sky net is having a feeding frenzy. hey, grab a pen. ben mentioned alexa and when we come back, tech talker, dave grave line will give you step by step instructions for telling. alexa, this does not leave the room also after this quick break. is your boss spying on you? this is the big picture on our t america. ah ah ah, ah ah, ah. oh is your media a reflection of reality? ah, in a world transformed what will make you feel safe? isolation, whole community. are you going the right way? where are you being led somewhere? which direction? what is true? what is great? in the world corru

so the capitalization requirements for defense companies, the large defense companies, and we are one of them, which is significant. so given those capitalization requirements and given the intimacy we need to have with our customers, i think we are pretty well-balanced at the moment. and by the way, when you think about competition, you have a monopsony buyer with enormous purchasing power. so while we may be a duopoly or, for some people, a monopoly, we are up against a very powerful customer, so there's a lot of shaping that happens in our contractual discussions with our customer. david: sometimes people say the defense budget is very high because the cost overruns new -- overruns of new weapons systems and so forth. is that a fair criticism, that sometimes cost overruns are high? phebe: if you think about the complexity of modern weapons systems, it is not unusual for some of them to have, early on, in the production or the development, cost overruns, but it is incumbent upon us as a defense industry that once we understand the technology and then how to build it and build it eff

we're 129 year old company. we've always had a larger purpose of looking to improve the quality life for people all around the world. we work in a 170 countries and our businesses are aligned to the 3 most pressing sustainability challenges, the energy transition and climate change. making sure we can deliver precision health care to people everywhere and addressing the future flight. so we can keep people connected a more sustainable ways. so we're really passionate, we're really excited about this opportunity to rise to this challenge as we've always done then of 8 this technology. but your point about measuring things, we know as we do that we're gonna have impacts along the way. we want to be very transparent with those impacts. climate change impacts environmental impacts, human rights safety, the philanthropy, how are lifting our communities, who want to be very transparent, every step along the way we want to show we're constantly improving our impacts. and if we're not, oh is necessarily improving someth

if you organize the entire company around the wrong metrics, what you get is a company that believesit's doing the right thing, when we can see that it isn't in all cases, right so mark zuckerberg may be right that they don't have a vested interest to sort of enable genocide i think everybody agrees that they're not intending to do that but i think you are what you measure. and if the measures are wrong, which i think is the point that haugen said fairly forcefully, then you get an organization that is sort of rotten at the core >> but, shira, what do you think is happen right now? we've heard about these reputational reviews they said they're pausing instagram for kids what kind of evaluation, re-evaluation is happening internally and do you think we'll see changes coming out of facebook because of what happened this week >> i think i'm hopeful and also not hopeful. look, i don't have the ability into what the discussions are at facebook but from what i've understand or have heard about lower level people, there's some sense of relief, right, that the reason you see people like fran

so as it relates to alphabet -- we like the company, and we're continuing to hold the company and so this is a dominant force as josh was saying as it relates to global search, the cloud and it's going to continue to do well in the space. plus we like the valuation it's a little expensive and we like the valuation at these levels plus the profitability and once again, this is a hold for us >> doc, i'll give you the microsoft because it's no slouch, obviously. i said the stock hit a new high. it's up 40% year to date if pete were here he'd be banging the table and tell you why microsoft is so great and satya nadella would be, too. give me the read here and we'll move on to another story >> scott, one of the read-throughs is most of what they deliver, they deliver by zeros and ones and that is they're using the internet whether they're powering it with azure or whether they're delivering their software via the internet that's the great part of their business and they also have the hardware side of their business. that's what i'm going to be interested in, scott because if they start sa

company.mportant information, they were going to move from targeting to -- what was the phrase from from targeting individuals to working with their customers. >> the first party data. >> the first party data. what does that look like what does it mean >> that means they have got permission from the customer to have this data themselves. that's a different sort of relationship so when the customer is logging in, right, they are getting that information directly from you mainly maybe because they see a piece of content if you are netflix, you are a subscriber they have information to track you that's a different kind of information than going through facebook saying i want to you target soccer moms in the detroit suburbs with this ad to get them to your site. that's more difficult. you are able to target differently. >> if i could turn back the clock, there is one part of the story i always wondered about. they pioneered the move to become soft wears of service microsoft followed suit. value ac

is now a tech company. >> every company is not a good tech company. >> everything we do now is somehowd [ laughter ] >> six months of "tech check" now in the books and we're excited for deidre to rejoin us on monday. john, i look back to the first twitter space that we did the night before the premiere of the show and we were going to cover tech in a new and different way and the market has handed us no shortage of story ideas. >> they have, and julia, as our viewers know, this is a very, very serious show. very serious we have no fun at all, but we cover tech >> no -- yeah. no fun at all, but i also think it's just great that we've expanded tech check beyond this television platform and we do these live streams that have been so fantastic and so many interviews with big ceos and rising companies, carl >> yeah. definitely trying to deliver the content for the way the viewers uses them all of the time. tomorrow we will wrap it up with goldman, pnc, schwab, and retail sales are out tomorrow before we get into the real depths of earnings next week let's get to the half and the judge. ♪ >>

one company driving that is consistently ranked in the top most sustainable companies in america buty prices soar. my tested as energy prices soar. my colleague spoke to the chief executive and asked what he is doing to combat climate change. so, we as a company are spending an enormous amount of cycles finding out radical changes we need to implement across the solutions. it is estimated _ across the solutions. it is estimated that _ across the solutions. it is estimated that these - across the solutions. it is estimated that these mighty data centre switch power leaders around the world are responsible for about 1% of all energy consumption and i'm just wondering, do you have plans to reduce the energy use? the only ruestion reduce the energy use? the only question is _ reduce the energy use? the only question is can _ reduce the energy use? the only question is can go _ reduce the energy use? the only question is can go further - reduce the energy use? the only question is can go further and i question is can go further and faster. we committed to be net neutral by 2050 but at the

you cannot trust the companies.t is critical for parents to speak up, tell your representatives if you don't like what is going on, because now is the moment that we could see change. emily: ariel fox johnson, we could debate this for hours. i appreciate you sharing your insights with us. senior counsel for global policy at common sense media. coming up, instacart ticking on amazon and adding two new board members ahead of a public offering. we are going to hear from the ceo after her first 90 days on the job in a wide-ranging conversation from true george's to the future of -- food shortages in the future of shopping cart technology. this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're a

i think that is another leg to the profitability of the company. of the big things, we just rewind maybe two years ago and we were talking about the going concern or people were talking about that and now i think they're going to end the quarter with $17 billion, you know, after deploying probably $1.5 billion so they're just running at a faster pace. >> well, we'll be watching tonight especially to see if musk jumps on that call and takes a break from space ben, thanks so much for being with us. we'll talk to you again soon >> thanks so much. >>> meanwhile, keeping our eye on the new bitcoin futures etf also keeping an eye on bitcoin itself which is hitting another all-time high today. up near 67,000 "techcheck" is back in a moment. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ >> we've anyone hitting current rally in chinese stocks. alibaba for example up 28% since october 4th so leaving many to aske

people stay or leave the company based on what they get paid. and if you hurt msi, a bunch of people weren't going to get their bonuses. >> so you're saying this practice even still continues today. like we're still in this environment? i'm personally -- >> oh, yeah. >> very frustrated by this because we presented information to facebook from one of my own constituents in 2018 talking about this issue with the rohingya, pleading with the company, we pleaded with the company and they continued to not address this issue now, you're pointing out that these same algorithms are being used and they know darn well in ethiopia that it's causing and inciting violence and again they are still today choosing profit over taking this information down is that correct? >> when rioting began in the united states in the summer of last year, they turned off downstream msi only for when they detected content was health content, probably covid, and civic content, but facebook's own algorithms are bad at finding this content it's still in the raw form for 80, 90% of

it does raise the bar for those other companies, because in general the other companies aren't doingrly as much research, even to find out what they should do. emily: are you focused on algorithms? do you see the algorithm-based companies being problematic for children? safiya: absolutely. we know the algorithms are not just computer code that is encoded to generate the most engagement, which typically is correlated to the most inflammatory, racist, sexist, homophobic, vitriol. because that is incredibly profitable. we know the algorithms are certainly attuned so they can maximize public engagement and consumer engagement with different kinds of material. we also know that the human beings, the people who moderate content come are also training the algorithms. we know that there is a symbiotic relationship between what we engage with on these platforms, what moderators allowed to stand or take down, and how the machine learning algorithms work to accelerate what they learn from that process. emily: we are anticipating facebook might change its name later this week to emphasize this i

i'm talking to the company's stop brass and then tons of companies are committed to carbon neutral futurejust green washing? i'm taking you to a company with a true commitment and then sharing with the investment industry could do as a whole to reward the real players and i have all of your calls, rapid fire in tonight's edition of "the lightning round." so stay with cramer. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ make fitness routine with pure

more companies raising guidance. q3 gdp, consumer is light, but a new jobless lows the president said to make the sale to house democrats this hour and set to announce the framework of a spending bill later on this morning. >> plus look at shares of ford they're soaring ahead of the opening, shattering expectations >> i know, i say it every day. stanley, black & decker joining us >>> we're going to start with the breaking news on the framework of the president's spending plan. kayla tausche has more >> the white house this morning is announcing a new revised framework for the president's social and climate priorities that it believes will be able to pass both chambers of congress six years of funding for university pre-k a one-year expansion of the tax credit new incentives, and extensions for affordable care act credits. that's just a handful. to pay for some of these things the plan will establish a 15% minimum tax for corporations here in the u.s. and overseas, will introduce a 1% surcharge on tax buybacks, add a

these companies are on fire. the chief investment officer at black rach, real nice guy, said google and microsoft might as well be countries they make so much money, currents after last night's quarterly report, i agree. but you can say the same thing, countries, not all billion dollars but it's $8 billion down so a third world country when you get that powerful, the politicians start gunning for you. we know that's what's happening for you. right now we have everything going wrong for these guys conventional wisdom says we're likely to see bipartisan action in congress to crack down on big tech antitrust grounds two minutes ago a group of senators proposed aid law to prevent amazon and google for favoring their own products in search results bipartisan thrashing ♪ hallelujah ♪ facebook squaring it with the fcc while amazon talking about their safety practices or lack thereof. only microsoft and tesla have gotten away with whatever they're doing without coming out of serious fire. despite what seems to be elon mu