ed: and i'm ed ludlow. this is "bloomberg technology." caroline: coming up, violent protests at apple's main iphone plant in china. the latest on the bloomberg's group that could impact sales. ed: sam bankman-fried says the ftx part went from $60 billion in collateral to $9 billion. more on that and how sbf got his start on wall street. caroline: elon musk is having second thoughts about that moderation counsel after saying activists broke the deal. more on that and musk's new trend of quoting himself. risk on, another second day of trading in the green, the s&p up. mastec up almost 1% -- nasdaq up almost 1%. the federal reserve giving little tidbits from what was being discussed. the key takeaway is most of the people at the federal reserve right now don't think we should be hiking at a piece of 75 basis points and into infinity. they think we will slow down the pace, therefore may be a peak in terms of this rate hike cycle, and indeed inflation. we are seeing riskier assets like bitcoin getting a bid. currently flat on the day. 16,473.

ed: im ed ludlow. this is bloomberg technology.aroline: we are awaiting sentencing and the elizabeth holmes case. punishment for her role in the collapse of theranos. one of the biggest scandals in silicon valley history. ed: twitter's workforce shrinks. more employees resigning than anticipated. caroline: will ftx ever recoup their losses. we have the ceo of do not pay, a company backed by ftx. but first, markets. if you are looking at the nasdaq, we are completely flat on the day. overall it was slightly better mood music for the equity markets. we are expecting a flood of volatility that did not come. pushing higher by .5% on the s&p 500. the volatility was in the bonds markets. this is more about a focus on the fed and hawkish tones coming from the federal reserve. flip it on again. over the course of the week, with all the tech layoffs and worrying earnings signs. the nasdaq was only off by 1.5%. in large part, we thanked chinese names. ed: an interesting week. the friday before thanksgiving has got to play a role. earnings ar

ed: missing assets. a debate around the assets, of who should be doing what about what to talk about what is happening in parallel in the bahamas? katie: that is the thing. what court has jurisdiction here or is going to handle it? that has been a turf war that has erupted. we know for now, these dueling liquidation proceedings in the bahamas, they will be transferred to delaware. you are still going to have ftx's u.s. restructuring advisors in the bahamas. they will try to work out rules for sharing the information. for now, it looks like that is being transferred to delaware. ed: kitty greifeld, thank you let's continue the conversation with the ceo of the crypto trading platform, falcon next. you have a history with ftx which we will get to. i first want to ask you, what are you seeing among your user base, customer base, in a crypto markets? what does that reflect based on what is happening with ftx and the fallout from it? >> first off, good to be back. what we are seeing in the broader customer sen

and that's where ed grew up. ed and stella got married in may of 1940 1942 they had their first child a baby girl. they named judy. in november of 1943 for judy was about a year old. ed got drafted he was gone for two and a half years. most of that time he spent in europe. in the signal core trailing along behind the front line troops as they marched towards berlin and the end of the war. and stella stayed home with the newborn. now stella new on some level that ed was safe. she knew that of course from the letters. he wrote home these sweet personal letters that he sent as often as he possibly could. but you got to stop for just one second. and think about this young woman. in chicago in 1943 in 1944 or 1945? living surrounded by war living surrounded by death by the gold stars that she'd see in the windows as she walked the baby along the streets. for the prayers for those boys who had gone missing. the prayers that sunday mass for the boys that had gone missing from that parish that she was a part of and you g

ed: and i am ed ludlow. caroline: the ftx followed grows. genesis is the latest concern in a crypto liquidity crunch. more on how the fall of ftx will reshape crypto as we know it. ed: plus, tiktok's project texas, to isolate user data in a project with oracle that the ceo says is expensive and unprecedented. caroline: and an exclusive conversation about telehealth with the ceo of cerebral, which has come under scrutiny for patients with a history of substance abuse. it was a down day. the volatility is going to be prevalent in the macro arena. we had the ppi, the idea that inflation is peaking. the next day, we are followed by good news being bad news for the markets -- the retail sales looking too strong for the market to digest. they are worried about the federal reserve and the number coming in terms of their focus on hikes that still have to come. we hear it from john williams at the new york fed. the s&p 500 falling on the day. the nasdaq is up as we expect rates to rise. that has a big impact. bitcoin -- 16,500 is about were betrayed,

ed.hy? why when you see unprecedented levels of protests versus xi jinping, versus the concerns of a covered lockdown? -- public covid lockdown? maybe, just maybe stocks trading were lopsided because that could mean a movement towards reopening of the economy. up 2.8%. ed: e-commerce, a really big driver in the markets. amazon, one of the few stocks in the green on the nasdaq 100 on monday. probably the biggest point -paneer as well. there is up missing from the sales outlook from black and going into cyber monday, which is ongoing. pinduoduo, really interesting. really strong earnings from the chinese e-commerce giant on the lower end, on the discount end. having the best day since august. again that story as well probably a factor that what we are seeing play out in china might result in a policy change which would be supportive for businesses in tech. disney is down 3%. they will keep with the hiring freeze and are wondering about a move from linear tv. activision we will get into late

ed: and i am ed ludlow in san francisco. this is "bloomberg technology." caroline: uncertainties around china's covid curbs. what unrest means for apple and iphone production in the months ahead. ed: plus, sticking with apple, the tech giant is being called out by none other than elon musk. the putter chief tweeting its ceo tim cook asking if the company quote, hates free speech. caroline: and another one bites the dust. blockfi has filed for bankruptcy in the aftermath of ftx in the u.s. government is among one of the key creditors. we will explain. but first, let's check in on the market because today was a day once again of federal reserve macro picture impact inditex stocks. s&p 500 off by 1.5%. similar moves in terms of the nasdaq off by 1.6%. once again fed speak seems to irk the market. the leaders over at the new york fed jong williams, for jim bullard, both talking about the need for further rate hikes pre-rates go higher -- rate hikes. it has been trading lower versus the u.s. dollar. down about 2% on the day. today it resets and we are calling i

. >> i'm ed ludlow in san francisco. caroline: coming up ftx contagion continues well the by nan ceo seeks to be the new savior of crypto. we reflect on the fallout with one of the early ftx investors. >> president biden and china xi jinping have charted a path between the two nations. the impact on the analogy sector, particularly chips. caroline: tech layoffs and geopolitical worries, can start still raise money? we are going to be speaking with a legendary vc investor. plus an exclusive conversation with the maven ceo. first, let's check in on these markets. let's get a macro picture first and foremost. we are looking at some chips coming off the table. unsurprising after the two day warily we had to end last week. the cpi euphoria back a little bit as we tried to read the tea leaves again within the federal reserve's. bond yields rising. may be your decision to be putting money into technology comes off a little bit. the nasdaq off 1.1%. key tech players dialing back by a percentage point. interesting as we start to

ed: this is bloomberg technology. caroline: the man behind enron liquidation and ftx's ceo says prior management of the disgraced crypto empire is the worst he has ever seen. overseeing the bankruptcy saying of -- tweeting is hurting their case. ed: cisco's ceo joins us to talk about supply chain improvements and the need for job cuts. caroline: a week away from holiday shopping season. digital retailers more important than ever. macy's ceo joins us exclusively. first and foremost, a check on the markets. as borrowing costs rise, most interest rate responsive stocks fall. that is technology. s&p 500 up by .3%. big tech was in the line of fire. this is where the main volatility was. the bond market. the two year yield pushing up 10 basis points on the day. that is we hear the narrative coming from the federal reserve. we think bullard and kashkari. citing more hawkish all over again. we are thinking of the fact that the market and the economy looks pretty strong. jobless claims today lower than expected, showing that t

ed: on twitter at technology. wednesday we have do you idx ceo to discuss operations and leading crypto derivatives exchange. ed: don't forget to check out our podcast at your usual platforms carrier. this is bloomberg. ♪ if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. innovation refunds has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to innovationrefunds.com to learn more. ♪♪ >> from the world of politics to the world business, balance of power with david westin brings you news, analysis and power players. we lays on bloomberg. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliated or employees. >> the following is a

ed: let's turn now to disney.fter the bombshell announcement bob iger is coming back to the company. the ceo of gerber kawasaki, and importantly a disney shareholder. your reaction. >> i was so happy when i saw the news last night. i thought i was dreaming. it was like my dream came true. raw -- bob chapek in the business into the ground and had made some crucial errors handling difficult situations but it was time to refocus the business back on creating great content for a reasonable cost. caroline: in terms of your prioritization and i want to bring to our audience a pole we went to twitter with. i know you are a big player on twitter with hundreds of thousands of followers but we have been shining a light on what we think the player attains age and should be now. is that the cost controls? is that the streaming perspective at the moment? bob che peck himself had made some criticize decision-making when it comes to the politics within florida and what the company stands for. from your perspective streaming stra

ed: this week, we have had conversations about ftx.ave the regulators been throughout this process? >> two things about that statement. you have a lot of people saying investors will come back, but ken griffin who as we know had been thinking about crypto and in that conversation, he was very dismayed about not just what he meant for crypto, but what it meant for financial markets. on the regulatory front, you have many regulators saying just yesterday that they hope it will help congress push forward in a quicker way when it comes to crypto regulation. i also want to talk about supervision from the federal reserve. listen quickly to what they had to say. >> another priority is monitoring the risk of crypto asset related activities. it requires oversight to ensure companies are subject to similar regulatory safeguards as other financial service providers. >> so a lot of uncertainty. what will have to be made clear is what jurisdiction the sec has and does the u.s. government have any role in backstopping any of the customers? caroline:

ed: did you buy more disney shares on monday?oss: well, you know, i run a public etf gk is my etf and i , did buy disney today. i don't know if that has actually posted yet. [laughter] that it is posted anyways at 5:00 eastern. markets are closed. i did buy disney aggressively today. i think it is wildly undervalued. and with iger back, it's a whole other business to look at now. ed: another business to look at -- twitter, you are an investor in the private entity. bloomberg reported that layoffs continued on monday, a focus on sales and marketing. what do you make of that? ross: i think you will see the same thing at disney. if you look at tech companies across the board, twitter included, and probably more extreme than most, is a resizing of the tech industry. part of that is from the pandemic boom to know bust, and then also just a realistic view of what costs and content are going to be used and achieved. but twitter was wildly overstaffed. now they are going to move to a staff level that is probably widely understaffed and t

ed: we know it has been a tough year. look at the nasdaq 100 and we are down 80% as of tuesdays close, the worst year since 2008. if there are any bright spots in the technology sector, where are they? robert: what is remarkable is the usage of technology remains incredibly strong. elon reporting record usage sign-ups at twitter, that's not unique to twitter. it's happening at instagram and tiktok. there are a couple of other transitions happening -- the cloud computing 1 -- data dog is a well-positioned company making money and expanding margins. stripe is a private company, those are areas where even though there has been a slowdown in growth as a whole, you are seeing the technology has such an advantage over the incumbents of the growth rates of those companies have remained under trading. those are the areas we are most focused on. ed: some optimism from one voice in the investment community. thank you. let's turn to twitter which scrapped its policy preventing the sharing of false or misleading information about cov

ed: a story that has many days to run. coming up, amazon is planning its largest ever headcount reduction as a basis for slower growth. this is bloomberg. ♪ >> the economy does not look great right now. things are slowing down. you are seeing layoffs in many sectors of the economy. people are slowing down. the probabilities say if we are not in a recession right now, we are likely to be in one soon. my advice to people, be they small business owners or whatever, is take some risk off the table. caroline: amazon founder jeff bezos on cnn earlier talking about the layoffs, and then we learned amazon is planning for its largest ever round of layoffs, cutting up to potentially 10,000 employees. we want to dive in to the current hold back in tech hiring. evaluations with none other than a venture capitalist you know well. founder of one of the largest venture capital firms. it is times like this we turn to you and your expertise. more layoffs to come? more reticence to invest from a vc perspective do you think? >> i don't think

ed ellington: first question, frank? gerald blessey: ed called on frank thackston first. frank thackston: mr. senator, who, in your opinion, ed ellington: the question was, in your opinion, who was the person primarily responsible for the ole miss riots and why? [laughter] robert f. keedy: that was interesng question. [laughter] frank thackston: who did he believe to be responsible for e ole mi riots? sothing provocative likehat. and, of course, he ducked that. robert f. kennedy: can i just tell you a short story? my older brother was in the navy, and he was in intelligence, originally. and he was giving a lecture in south carolina. and he was telling the people what they should do if a bomb dropped. and he said there were two kinds of bombs that dropped and spread fire. one kind of fire, you threw sand on. and the other kind of fire, you threw water on it. but if you threw water on the one that you're supposed to throw sand on, it would spread it. so you had to be very careful. so he made this talk, and evidently it was a great success. and then, at the end, he made the

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: sam bankman-fried is taking questions in the wake of the ftx contagion. we will bring you the headlines as we get them. ed: and the tragedies of tiktok. bloomberg's big take investigates how trending challenges on the platform are turning out to be deadly for some children. we discuss why the world's most popular app is not doing more to protect them. caroline: meanwhile, the ceos of earn your leisure are set to explain why their platform is selling out venues from msg to the royal albert hall. first, let's check on on these markets. what a day for tech stocks. we are having our highest rate on the s&p 500 since september 9, up for the biggest day since november 10, which shows how volatile markets continue to be. the nasdaq 100 getting up a lofty 4.5%. chip stocks up more than 5.8%. the reason why, a more dovish interpretation of one fed chair powell. he was talking about the direction, the piece of rate hikes. it looks as though that pace might quieten a bit. the market is

and so, the neighbors all gathered on the lawn right next to ed cahill's house, and ed and clarence,got pride of place, as they should have, again, that is it right there. and that's clarence right there. and two of its kids, he had three children, two of his gates got in the picture, too. that's his son, terry, standing up on the top of the steps. and that's his daughter katie. way in the back, right back there, you can barely see her, it is ed's wife, stella cahill. smiling into the 60s. stella had good reason to be smiling. stella was born a couple of days after christmas in 1916, deep in the polish ghetto of chicago, where her parents lived. her father was a tailor, managed to bring home from his trade. she had an older brother, chester, and the four of them lived in a tenement deep inside the ghetto. just about two years after her birth, her father died, killed, by the spanish flu that was then raging through the poorest neighborhoods of american cities. and her mother, with two young children to raise, faced the prospect of tumbling into the worst forms of poverty. she tried to

sir ed turned his _ even facing repossession. sir ed turned his fire _ even facing repossession.the _ even facing repossession. sir ed turned his fire on the new- even facing repossession. sir ed turned his fire on the new prime minister and again called for voters to have their say. rishi minister and again called for voters to have their say.— minister and again called for voters to have their say. rishi sunak, your government — to have their say. rishi sunak, your government does _ to have their say. rishi sunak, your government does not _ to have their say. rishi sunak, your government does not have - to have their say. rishi sunak, your government does not have a - to have their say. rishi sunak, your government does not have a shred | to have their say. rishi sunak, your. government does not have a shred of credibility left. it does not have a shred of legitimacy left. and if you had a shred of integrity left you would call a general election now. for a party sensing opportunity that can't come soon enough. quite frankly the — can't come soon enough. quite frankly the peopl

ed: apple publicly has not said anything.he facility is operated by a contract manufacturer that assembles the iphones. when there were the worker strikes or clashes with guards in the early hours of wednesday morning last week, the company cannot pretty quickly and said the situation was under control and that the plant was operating normally. we reported the 6 million deficit in production, which is quite serious and a holiday quarter. the bloomberg source told us that apple and the contractor are sure of making up that shortfall, although you missed the key holiday period. we don't really have a good sense of what the duration of these impacts are. i think the source is telling us in this story that actually it is the quarantine, the covid rules that are most disruptive to production here, not the dissatisfaction or strikes from workers around pay and conditions. there's no way of really telling how long that will go on for, because the chinese government is doing a bouncy act of trying to protect the economy, while also r

the names across ev and mobility, here's ed. ed: nikola stock up then ultimately closing down 11%.reasonable performance in the quarter, very modest revenues, but what spooked the markets is that they are not going to reach their original guidance of 300 semi trucks this year. that downgraded the outlook for the rest of the year and next year saying performance is not going to be as good as they hope. their expectations are being lowered because customers for battery electric commercial vehicles are pulling back. there are saying the cost is too high right now. you look at the chart and the wild ride we had for them throughout thursday's session. two others in that same space are also sliding. the reported a loss in rbc. there was interest in fiskar given that they were planning to start production of their suv. it is built by a third party. and then you have a aurora innovation, more focused on the autonomous driving space. they are capitalized to get them through 2024 and aurora is telling investors they are on track to launch a commercial autonomous trucking business. fighting t

ed: we do have to mention younger people.essmen and congresswomen from 2018 are still there. they are good democrats and good candidates. i think they might just pull this thing out for us. tom: i want to look back to william scranton. he was one of your opponents. how do you perceive, ed rendell, the republican party after this election? and dare i say if president trump does not run again, the next gop? what will they look like? ed: it depends. if they are smart, they will moderate a little bit. in the end, election denying will hurt them. independent voters, the moderate republican voters, they don't believe the election was stolen. there were 62 court judges. half of them were appointed and not one of them won. the election was fine. if we fixed the elections in 2020, we did a terrible job because we lost seats in congress. tom: thank you so much. we look forward to speaking with you at the super bowl with the eagles here. he is the former governor of pennsylvania. i go back to the heart of ed rendell, which was crime and

ed: a pretty furious part of the earnings season. smaller companies, block, formerly known as square, an impressive quarter. this is jack dorsey's other company. strong, basically performing on the bottom a lot of gross profit coming in above the street expectations, cash app, what those users used to purchase money or stocks and crypto, registering strong growth on the bottom line. doordash, 13%. not the story that we were expecting. no signs that inflation is determining the consumer from spending money on take out. i don't know about you, i haven't been doing much, i would love to, but also the coinbase is up with paypal lagging, down 7% in after-hours trading. slightly ahead of what the street was looking to, but it is the full year outlook they zeroed in on. revenue at $27.5 million below what they expected away from earnings season. the markets of the day were about the fed on wednesday, raising rates. the commentary that rates will remain higher in the face of inflation, the market is talking about recession fears. lowest leve

tell me the and inspiration in writing this op-ed?e greatest country in the world being subservient to china, sick and tired of the violent crime that has been plaguing the black community for decades. tired of the poor education systems in which black children are leaving school, not able to do math or able to read. i'm disgusted by the fact that african-americans have been so abused by the democratic party. i'm a historian as well, studying history of what happened during reconstruction, the history of jim crow and even the most important thing, black babies are not safe and god's workshop, their mother's wombs. i'm sick and tired of it. i wanted to make my voice loud and clear. will: a compelling argument on so many issues that looks like republicans did make some gains with the black vote in the latest midterms, it is still in the range between 80% to 90% of the black vote goes to democrats. why such a stranglehold on that vote for democrats? >> democrats are the masters of manipulation, appealing to the emotion and victimization

ed ludlow bay -- here with the big news. ed: lyft, after hours down more than 12%. it is interesting, lyft beat on the bottom line in the quarter ship but ridership was disappointing. the added 20.3 million active riders, but the estimate was 21.1 million. how different of a story of that for lyft compared to uber, which grew by 22%. lyft goodness a worrying picture, down 13%. it was kind of a slow moving day in financial markets. the nasdaq 100 up for the second straight day. only the second two day gain for about 10 sessions per it there was outperformance in semiconductors at a time where yields continue to push higher. u.s. 10 year treasury at 4.2%. also bitcoin, i posed this question on twitter so if you have a good answer to this, at me. bit wrote -- bitcoin trading is in a narrow range between $20,000 and $21,000 per token. why? we have seen match from the -- much from the fed earnings season, nervousness, but bitcoin is holding in his narrow range and steady. there was a slew of technology news to digest on monday as well. separate and without any hard news

ed bowles did pretty— made a real virtue... ed bowles did pretty weti— made a real virtue...s — he's hosting other programmes. perhaps hand kit —— matt hancock thinks _ perhaps hand kit —— matt hancock thinks he — perhaps hand kit —— matt hancock thinks he can do the same. but there is a difference and i think the public— is a difference and i think the public see a difference between those _ public see a difference between those who do it while they're mps and people who do it after they've left the _ and people who do it after they've left the political arena. it's the former— left the political arena. it's the former part of it which has caused so much _ former part of it which has caused so much anger in the party locally and nationally. do so much anger in the party locally and nationally.— and nationally. do you think it's the timing. _ and nationally. do you think it's the timing, jessica? _ and nationally. do you think it's the timing, jessica? in - and nationally. do you think it's the timing, jessica? in the - and nationally. do you think it's. the timing, jessica?

i want to bring in ed ludlow for a look at the markets. ed: let's get right to earnings and airbnb. the debt -- the stock down 6%. it was about a disappointing outlook for the final three months of this year. below street expectations, but the language, the pace of knights and experiences looked will moderate slightly into the fourth quarter. a&e missed on the fourth quarter , below street expectations but the broader context -- this is a time when their competitors are seeing contractions. also topline growth for its server business which offset weakness in pc markets. in the main section, throughout tuesday, it was another case of good economic data, bad news for the market. reinforcing this idea the fed will stay aggressive. you see weakness in the nasdaq 100 and tech underperforming but strength in semiconductors with the yield not moving as much as we have seen in previous session and bitcoin trading sideways. one of the bright spots was uber , having its best day since the first week of august. it's now trading at its highest level in six weeks. a beat on the top line, coming

not just k-12 but higher ed and that's starting to go.e are below the middle of the pack when you look at national like that. national education achievement. we have to go back to talking about what students are learning , how they are learning it, and what we need to do. >> especially at think we see it in stem education, science and math, not keeping up with the rest of the world. critical to national security. i hope you all have your notebooks out. there was a lot of ideas just presented right here. we will dig into them a little bit. governor ducey, starting with you. since i'm the moderator i get to pick what we are going to dig into first. my nephew actually lives in arizona and has been the benefit, has had the benefit of changing schools because of the law that you passed. the most comprehensive in the country on school choice. i know it had to have some challenges. what are the lessons learned to share with other leaders? doug: well, first i'm thrilled to hear about your nephew and the opportunities he's had around school choice

ed, great stuff as ever. ed ludlow joining us from san francisco and the west coast wake up. no. we are debating titles, that's what's happening. guy: basically. and we are doing it on air. china's health care system -- i can't speak now. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating

ed ludlow is back, ludlow nla has a nice ring to it. ed: if only equity markets were exciting.s and not much going on because we are following on from the thanksgiving holiday. the s&p 500 is down .4%. tech is a big story and in -- in individual movers but the dollar edges higher along with crude. look at some of those names, apple software given the reported -- the given the report that production could be hit during the protest. a report that the ftc will take action with regards to microsoft's acquisition of the videogame maker. and probably tech weakness but one session a market does not make so let us think about the direction of travel. we see yields edging higher in the last 24 hours or during friday's session, but there has been momentum into equities, if you extrapolate out over a couple of weeks. there is also momentum with regards to the tech sector. with regards, we are worrying about the story in china and along with the outlook for higher rates. guy: ludlow in l.a., very nice. volume down by 40% on the s&p. a short session and a lot of people are still on holiday.

maria: ed the economy is the economy, and going to take a while to get us out of this mess that we'reth 40-year high inflation. we've got new data from department 4 1/2 million american taking second jobs to supplement income 6% increase from last year job growth october was lowest since december 2020 i know talking about, a strong jobs market all that but lowest since december 2020. >> i think you are right we have a lot of economic problems, inflation being upper most i have learned there is much that republican sweep can do, in any immediate sense for inflation problem. at this point it is really up to market forces and fidelity already tightened, dramatically, i don't think the fed has to do much more maybe 75 basis points in december, in my opinion, that would be enough a few people on -- actually agree with that viewpoint, they've tightened a lot -- an extraordinary amount since march, i think that is starting to wear on the economy, that is starting to bring inflation down services stickier but we are seeing, rent nation coming down. >> has skyrocketing a year latest estimates

there was no effort to verify that senator ed markey was senator ed markey and what that demonstratedet up this new system there was a mass proliferation of fraudulent, $8 blue checks that had been purchased, including one that said it was eli lilly and other fraudulent impersonators, obviously there were no safeguards in place that elon musk or twitter had to guarantee that there were safeguards, that there were rules, that there was a protection that's going to be there. >> that eli lily one tanked their stock for a bit. twitter already had credibility problems. is musk now effectively destroying this as a forum that anybody believes? >> well, that's what i want him to answer. one, what were the safeguards that he had put in place before he introduced this new very broad blue check program? has he promised to, in fact, correct it, to put in place a new regime of safety, of safeguards and what did happen? what went wrong? is it because he's laid off too many people or was it just the pursuit of additional revenues for his companies? and in that pursuit of revenues he allowed the safe

charles: ed, thank you so much, ed yardeni, folks. appreciate you. >> thank you, charles.bring in nfj senior portfolio manager burns mckinney. burns, for the most part everyone knows what the fed will do tomorrow. the wild card would be december. if they hint at willingness, not necessarily step down, hey, if the data comes in between now and december gives them the chance to maybe they would step down. if they articulate that tomorrow, jay powell, does that change things? >> well, we completely agree. i think tomorrow's figure, there is probably very little they're going to do tomorrow that will shock the markets. what matters more than anything is going to be jay powell's statement. any sort of hint that they could in fact start slowing down. that much awaited pivot that everyone has been talking about. for the most part we expect the fomc to basically state they're going to be data dependent. what is probably more important for investors than anything that the fed will say or do tomorrow will in fact be what the inflation prints are in the next cpi numbers are over comi

das snap ed funding enablels enhance the health education irrelevant voluntary to the consumers they serve. for example, one of our nutrition partners left year provided a nutrition education class on seasoning food. with citrus fruit. and used snap ed funds to provide citrus zest torse take home for the client who is participated in the class this reenforces the education and make its easy for the consumers to apply what they learned. another one of our nutrition partners use the funds to support roof top garden. they use for some education classes for their clients. the physical activity program includes taichai. and bingo size. offers the programs on virtual platforms and also offering the class in person. in addition to the snap ed funding das is receiving over 96 thousand dollars of annual funding for the next 3 years to direct toward out reach and enroll am for cal fresh. with a focus on reaching eligible individual who is receive sfi. beginning june first of 2019, the eligibility for cal fresh expanded to include sfi recipients this was not the case prior. and although many st

sir ed turned his fire on the new prime minister, and again called for voters to have their say.ty left, it does not have a shred of legitimacy left. and if you had a sled of integrity left, you would call a general election now. for a party sensing opportunity, that can't come soon enough. frankly, the people out there are demanding a general election, they deserve a general election. morale is riding high, _ especially after our three fantastic by—election wins recently. sir ed davey stepped up his attacks op the conservatives in this speech, arguing the liberal democrats are best—placed to beat them in certain areas. but the early general election he is calling for looks unlikely, so he and his party still face a fight to make themselves heard. seven years after their coalition with the conservatives ended, the liberal democrats hope a return to prominence, if not power, isn't far away. jonathan blake, bbc news, westminster. with all the sport now, here's lizzie greenwood—hughes at the bbc sport centre. thanks, rita. good evening. england's rugby union head coach eddiejones sa

bloomberg's ed ludlow is here with the big moves. ed: you look at the performance after hours, down more than 12%. it's interesting,lyft beat estimates but ridership growth. the company added 20.3 million active people in the third quarter. the estimate was 21.1 million. how different a story -- story is that for lift -- lyft considering uber grew by 22% and had outperformance. lyft giving us a worrying picture down 13% and after hours. it was a slow moving day to be honest and financial markets. the nasdaq 100 up for a second straight day, only the second two-day gain for 10 sessions. but there was outperformance as semiconductors, at a time where yields continue to push high. look at u.s. ten-year treasury at 4.2%. and also bitcoin, i posed this question on twitter. if you have a good answer to this, at me. bitcoin trading in this narrow range for much of the last two weeks between 20000 and 21,000 u.s. dollars per token. why, we've seen so much in the news flow much in the fed earnings season, a lot of nervousness across financial

ed, you believe that a gop take of the house is pretty much all but certain. what are the odds on the senate also going >> yeah, brian, the senate, you know, is really close. and it might seem strange to say that after we tabulate everything and we'll say, hindsight is 2020 you could see a scenario where republicans end up with 53, 54 seats. and it really breaks decisively towards them you could see a scenario where we have a 50/50 senate or picking up a seat or two by democrats. we do think that republicans have the advantage coming into today. that is the momentum we have seen in a lot of the polling data i think everyone is expecting a polling miss that may be continues to undercount republicans. the thing that keeps us on the edge of our seat is, what if there's a polling miss in favor of democrats and that's being undercounted so is it a red wave or that blue wall that's going to stop them >> well, that's a great point about polling. and i think we've learned in the last few elections, polls can be useful in certain ways but be very careful, as well talk

gavin williamson were "unacceptable. " in a keynote speech to party members — the lib dem leader sir edavey — reiterates his call for a general election, saying the current government does not have a shred of credibility left. the united nations�* annual climate change summit has begun in egypt with a warning that a year of extreme weather must be a wake—up call for the planet. and with the us midterm elections just days away, president biden and donald trump continue on the campaign trail, in the push to win crucial votes. good afternoon and welcome to bbc news. nurses are likely to take their first ever national strike action according to their union. the royal college of nursing is still counting ballot papers returned by its 300,000 members but says those counted so far suggest support for strike action, possibly before christmas. the rcn wants a 5% pay increase above the rate of inflation. nurses working in accident & emergency and critical care would be exempted from striking to maintain services. the government said nurses should "carefully consider" the impact on patients. and a

ed: it is really interesting.nitial round of layoffs, 50% of the workforce, happened about three weeks ago. it largely hit technical and engineering roles. we are hearing there is zero concern that the company will struggle operationally to literally keep the lights on on the platform. you saw twitter trending over the last five days, as well as rip twitter. but musk has said the user base is at record highs, driven by this interest in it potentially being at risk. and at the same time, he tweeted photos over the weekend of him working until 1:00 a.m. with this new engineering team. so, it is a situation where you have no idea, but internally, and the head of the france team being an example, people are thinking that the company has been stripped back to severely to its bare bones. alix: are we underestimating elon musk? twitter did not fade to black. even though people are leaving. ar wee -- are underestimating him? ed: many believe so. they point to elon musk's track record. there were perids when tesla and spac

earlier i spoke to another survivor, 63-year-old ed sanders who was shot multiple times.there on a night out with a friend. >> thank you so much for being with us. i know you must be going through so much. we appreciate your time. >> my pleasure. >> first, tell us how are you feeling, physically, mentally as you recover? >> mentally, i'll put it off until i get out of the hospital, i'll grieve privately. i knew four of the victims. and kelly was the one that was standing next to me who didn't make it. and eric and daniel were standing to the right of me. and didn't make it. and so i am very grateful to be to be alive. >> we're very grateful as well. and, again, i'm really sorry for everything that you had to experience and what you're going through. my heart goes out to you and everyone else. what do you remember about that night? what do you remember seeing and hearing when the shooting started? how did you and the people around you try to care for each other once the shooting stopped? >> well, i first got hit in the back. and i turned around and looked at him. and the f