we will hear from dick costolo.nother look at the live shot from inside the sydney apple store. almost 8:30 a.m. friday. the highly anticipated. iphone x on sale now. apple ceo tim cook is currently speaking on the company's earnings call. he just said "we expect it to be the biggest quarter ever." we will continue to monitor headlines from the call. we are listening in right now. this is bloomberg. ♪ i'm mark crumpton in new york, and you are watching "bloomberg technology." president trump today chose federal reserve governor jerome powell to succeed janet yellen, who becomes the first chair of the fed in decades to be denied a second term after completing a first. massachusetts senator elizabeth warren spoke to bloomberg after the announcement. senator warren: janet yellen is very clear that she wants an economy that works for working families. jerome powell has been with her on a lot of that and that goes a long way with me. mark crumpton: if confirmed by the senate, powell will take over the fed in february. a

my wide-ranging conversation with former twitter ceo dick costolo. take on holding big tech accountable for fake news on their platform and intensifying the crackdown on trolls and bots online. but first, to our lead. that is apple. out with quarterly earnings. the company forecasting holiday sales that exceeded estimates, suggesting strong demand and few supply issues for the nine -- for the iphone x. shares hit records is weak and continue to rise in late trading. the iphone x going on sale in stores worldwide starting now. we have actually got live pictures of the apple store in sydney. these people have been waiting than 200vernight, more folks waiting for the iphone x. they just open the doors. .onsumers walking inside employees clapping. lots of photographs happening. people waiting outside of stores in tokyo and singapore to get their hands on this newfound. joining me in the studio, julie ask. julie, let's start with the numbers. they look good. especially the forecast. which means the outlook for the iphone x as of now is strong. julie: i th

joining us former ceo dick costolo and a mentor at index venture. shares of snapch.n.a.p. bigr after recent quarter dau below estimates as company says its redesigning the app to make it more user friendly here is the conference call. >> we're currently redesigning our pricks to make it easier to use. there's a strong likelihood the redesign will be disruptive to our business in the short-term we don't know how the behavior will change when we use updated application. we're willing to take that risk for what we believe are substantial long-term benefits to our business. >> you have ten cent chinese company behind we chat taking a 10% stake in snap. dick, you've been on before, said extremely nice things about evan as product guy. how do you character eyes this adjustment he's trying to make after already gorg public. >> i'll tell you, a couple of things jumped out at me from the call yesterday one, look, over 170 million daily active users is a lot of daily active users with that volume, i know it's small in comparison to the numbers out of facebook, but they have got a lo

we will hear from former twitter ceo dick costolo. that is all for now.berg. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. president trump is picking jerome powell. the boe governor has laid the groundwork for rate hikes. many times. with the take action today? if he does it will be the first increase in a decade. anna: fallon resigns. the u.k.'s defense secretary is the first casualty of the sexual harassment scandal engulfing westminster. getting credit suisse earnings. investors focusing on its wealth business. we are live in zurich speaking to the ceo.

we'll talk to you soon >>> when we come back, former twitter chief dick costolo we'll get his take onompany doubling the amount of characters per tweet >> dow, financials struggle to get out of the gate. we're back in a moment [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. talk to one today and see why we're bullish on the future. you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. casual fridays at buckingham palace? alright, off you go. surprising. what's not surprising? how much money nathan saved by switching to geico. fifteen minutes could save you fifteen percent or more. aerospace and defense have led the market, but technology not far behind up a

my interviewas with former twitter ceo, dick costolo.merican lawmakers are not the only ones concerned about alleged russian interference in the political process, u.k. elections regular is looking whether russia used social media to illegal influence the brexit vote. it is speaking to a spec and twitter to see who paid for political advertising in the run-up to the 2016 referendum. coming up, two of the major players are heading in opposite directions. us. the latest numbers tell we will continue to monitor apple story.m the >> our entire business was up 75% over the year in the fourth quarter. in fiscal 2017 already generated the annual revenue of the fortune 400 company. ♪ emily: shares fell to the lowest level since the delivery service launched its ipo in june. this despite the third-quarter revenue beating analysts expectations. editionon sees come from competitors like hello fresh and amazon. it is reeling from recent rounds of layoffs. alex, talk about the latest. what happened? was not a great day for blue apron. sales did the e

. >>> later, former twitter ceo dick costolo will join us. stay with us y? thank you clients?er did just rank them highest in investor satisfaction with full service brokerage firms... again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. expectations the stock is actually down though on growing costs. julia is with us to break it down including that conference call everyone is talking about. >> sarah, that's right what's driving down facebook stock is the company is warning that next year total expenses will grow between 45 and 60% and capital expenditures will roughly double that outweighing the fact that facebook beat expectations on every single metric. earnings of $1.59 per share were 21 cents higher than wall street projections while revenue instead of decelera