david: so, you do your philanthropy largely through emerson collective, llc. laurene: yes.hat's right. david: why do you use an llc rather than a foundation or a nonprofit foundation, which is what people typically do? laurene: yeah, it's true. from the beginning, i always felt that i didn't want to be encumbered by a foundational constraint. my intent was always to deploy capital as smartly and usefully as i possibly could. so, to find the highest and best use of the next dollar. and so, i thought i could always hold off and form a foundation, if it turned out we were only going to be philanthropists as a group. but i also wanted to use other methodologies for positive social change, like investing in entrepreneurs and in companies. and perhaps using advocacy, and artists, and supporting movements and practices, and perhaps young, emerging leaders who did not have a c3 yet. and so, i had -- i kept that level of ultimate flexibility and nimbleness. and it has served us really well. i think the other issue that is really important to note is i came into philanthropy and emer

emerson and ralph waldo emerson, who was a good friend and and great admirer of webster's, where emerson had called webster the completist man. emerson comes back after the speech and says that liberty in the mouth of daniel webster sounds like the word love in the mouth of a courtesan. and john greenleaf, whittier writes a poem called icarus, where he says, i find it here. he says, so fallen, so lost, the light withdrawn, which once he wore the glory from his gray hairs gone forevermore, all else is gone from those great eyes. the soul has fled. when faith is lost, when honor dies the man is dead then pay the reverence of old days to his dead, free fame fall backwards, walk backwards with averted gaze and hide the shame. and that was typical of the kind of reaction that webster got from people who had previously been his admirers, supporters in the north. and he he he basically died a very unhappy and lonely drunk as a consequence of that. but he saved the union. and we may think that's a good thing or a bad thing. we may think that maybe the country would have been better off if we had

and emerson was right.s shirt that went missing, and . >> and mark tensely. >> absolutely. also at the trial association meeting. he went through an and any of these stories that did not work with where he needed to take it, were -- they are not telling the truth. he is like, he is basically got his moment in this sun on the stand, this is his chance to try to convince the jury and that is all that matters at-this-point, what is going on. he is telling them, don't believe what you hear from them, believe w what you hear from me. all across the country, people are working hard to build a better future. so we're hard at work helping them achieve financial freedom. we're proud to serve people everywhere, in investing for the retirement they envision. from the plains to the coasts, we help americans invest for their future. and help communities thrive. - [announcer] payroll takes too long. at least it used to. now, there's roll, the app that makes payroll as easy as sending a text. you. you're slinging tacos an

emerson. >>> welcome back time for the wrap up six story ies you may have miss.elease the report today on the train derailment in ohio pete buttigieg will visit the area today in the first visit since the incident >>> nvidia beating on earnings as a.i. is at an inflection point. more businesses are buying to develop machine learning software. >>> and justice department is moving forward targeting control of the data of google maps a lawsuit to be filed this year. >>> and third point owns a stake in bath & body works >>> wells fargo laying off mortgage bankers after rewarding some with the california retreat. this comes after cuts due to the strategic shift. >>> and spotify announcing a dj featuring curated music. >>> gearing up on the economic front, jobless claims and gdp at 8:30 a.m earnings roll on from the likes of alibaba, beyond meat and warner bros. discovery we will have atlanta fed president raphael bostic and san francisco fed president mary daly speaking today. >>> and let head out to simeon hyman with more. we saw the s&p slide a little bit, but inves

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emerson.2% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. rent a peloton bike or bike+. terms apply. >> this new framework will allow us to begin a new chapter. it provides for long-lasting solutions that both of us are confident will work for all people and businesses in northern ireland. solutions that respond directly to the concerns they have raised. alix: ursula von der leyen from the eu and her press conference with rishi sunak. both very positive as a windsor framework comes into play. hope lou can put part of brexit behind the two countries and -- continence and move forward. let's check assets. the ftse is broadly in line with the rest of europe. you have a stronger pound. skip ahead, euro-pound down 5.2%. -- down by .2%. we are seeing a nice selloff in the bond market, part of that in line with europe. 14 basis points is like four times the amount we are seeing over in

emerson. haslinda: welcome back, there you have it, gains pretty much across.k at the hang seng go, currently up by 2.3%. bear in mind, chinese stocks traded in hong kong have been flooding with correction. perhaps this is a chance for investors to be buying in. it has been pretty much a very crowded trade. csi 300 in positive territory, currently up. a perk -- up about 1% gains. the nikkei as well as singapore's sti. now, the mcafee antivirus software was ubiquitous in the 1990's and its creator help define the modern cybersecurity industry. john mcafee was an archetype of the brilliance, but his life would take a dark turn. that's now the subject of a bloomberg podcast. for now, let's bring our asia cybersecurity reporter. you have worked on this for 15 months, this is a character who has been centered, colorful, infamous, wisest story still relevant today? >> one of the things that we took away from all of this time of reporting was the parallels that we see with a lot of tech founders today. when mcafee was successful, he was very successful, very rich very

>> if they get below $55 -- right now, emerson's a disaster.s supposed to be a done deal look at that stock >> they tried. they tried, and they tried >> a longer term is going to be better longer term. we know what happens longer term >> as we go to break, watch bonds today. we got bullard on "squawk" under our belts, and we'll watch for fed minutes this afternoon, try to see what the commentary was relative to the powell presser, which you remember well. yields for the time being, right around 3.9 % williams speaks at 5:30 today. be right back. >>> holding s&p 4k to start this wednesday morning. got the nasdaq up about half a percent. good bredth as we one wind this morning. lower are utilities, health care and some financials as well. we'll get stock trading with jim in a minute. what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that matc

and emerson was right.that went missing, and . >> and mark tensely. >> absolutely. also at the trial association meeting. he went through an and any of these stories that did not work with where he needed to take it, were -- they are not telling the truth. he is like, he is basically got his moment in this sun on the stand, this is his chance to try to convince the jury and that is all that matters at-this-point, what is going on. he is telling them, don't believe what you hear from them, believe whe what you hear from me. (psst psst) ahhhh... with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy, long lasting relief in a scent-free, gentle mist. (psst psst) flonase. all good. my name is brian delallo. i teach ap and honors economics in pittsburgh, pennsylvania. financial well-being to me is knowing that i can be free to do the things that i love to do. i hope when i retire someday, they say, that guy made this place a special place to come to school and gave as much a

emerson. >>> all right. we mentioned pharma jim has a big move in the market it is a sell and it is the best performing dow stock this year it's salesforce. you sold it. why? >> because i've been given a gift you know, scott, you remember back in december we were talking about this a few times you know how uncomfortable i was with this stock, with its multiple it was my only exposure to what i'll call high priced or hypergrowth stocks with everything that's gone on the last few months, multiple activists, layoffs, the stock has popped it's up about 40% in three months and i'm just not comfortable with it. for all of you staying in it, i hope you make gonbs and gobs of money. i'm going back to my knitting. i've got josh talking about oracle, steph talking about ibm, i can going to replace this with something i can understand the pricing better of. >> so you're making a statement you're never buying a high multiple stock again. >> never say never >> maybe you said that after roku >> you know that was just for

go emerson software. go science people. go breakthrough meds and safe science.s. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. so, am i still on track to reach my goals? the plan we created can withstand uncertainty. lately everybody has opinions about the economy, but i count on personal financial advice. my ameriprise advisor understands the markets and me. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ♪♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. (vo) verizon has the epic new phone your business needs on the 5g networ

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emerson. >>> hi, everybody. and welcome to "power lunch.elly evans, i'm tyler mathisen a big announcement from ford ford spending $3.5 million on a battery plant. the company's ceo about to join us for an exclusive interview. >> plus, we are crowning a stock draft champion, and the winner, guys, is winning in everything ryan reynolds. thanks to his selection of netflix, he cruised to a victory. ford, by the

emerson. 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. start a 30-day home trial today. terms apply. >>> welcome back, everybody. yields rising today after that strong retail sales report 15-year high in fact on a two year rick santelli has the latest rick >> yes let's look at this 462, 10 basis points away from its highest close of the cycle and actually going all the way back to '07 in november. 472. ten basis points away. look at the ten year it's high in october of '23, over 40 basis points above where we're trading's near 4.25. why do i bring that up because as aggressive as ten-year notes have been, high evidence yield now at 23 the fact they haven't been able to cross larger extremes is meaningful especially looking at the spreads. 2s to 10s. a bounce, still within striking distance of four decades inversion, but duelling yield curves the real recession spread, three months to tens, least diverted in nearly six weeks. tyler, back t

go emerson software. go science people. go breakthrough meds and safe science.r super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. alix: we were talking about china reopening, chinese stocks of become a must have. had funds have loaded up on chinese stocks. what did we learn about the chinese hedge funds? >> alibaba was a big bet, you saw the tiger cubs get into alibaba. if you take a look, there some divergence here. there was a trade against taiwan , he brought that down by 86%. a significant cut. you have to wonder whether you are looking at these large investors who are willing to profit quickly rather than keep their chips on the table. if you go from chinese tech to u.s. tech, similar divergences. when you look at amazon, you had the nimble money get out more quickly. you had the likes of seth corn and get in and keep the steak and advance the state more. a lot o

emerson..com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. jon: this is bloomberg markets. time for today's for what it's worth. our data point is 15% and air canada set its costs for available seat mile this year will be as 15% above what they were before the pandemic. the shares have been under pressure today as a result. it is benefiting from strong travel demand but cost pressures remain a challenge for the airline industry. jet blue ceo says the faa must get further ahead on technology upgrades including with respect to air traffic controllers being fully staffed. he spoke with alix st

go emerson software. go science people. go breakthrough meds and safe science. age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. >> you are looking at a live shot of the principal room. this is bloomberg. russia has avoided an economic collapse in the aftermath of the invasion of ukraine. it logged its third straight quarter of contraction to and 2022. but the downturn was a fraction of what was predicted. lester's drop was 2.5%. two largest airports have come to a virtual standstill. a walkout led lufthansa to cancel flights. stephen: safran hit a 52-week high after releasing earnings. it is expecting higher consumer demand especially with china's reopening. joining us is the cfo. you have raised her dividend after these earnings. talk us through the outlook for 2023. >> thank you for having me tonight on the show. the outlook is very exciting. demand i

go emerson software. go science people. go breakthrough meds and safe science.o space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. dani: welcome back to "bloomberg daybreak: europe". dani and manus reunited. maybe cash is into trash. there is too much uncertainty to pass up on a 5% yield for playing it safe, or you can get 6% for the least risky corporate debt. i spo i spoke with him yesterday. take a listen. >> instead of chasing yourself around every other day, it does make some sense if you are in position to take profits to be sit in that shorter dated investment grade paper. it's funny, i'm talking to equity folks that are 25 or 50% of their portfolios in investment grade credit right nowt now. which goes to show you, you are being paid to sleep at night which is an attractive proposition when the narrative changes on a weekly basis. manus: cha

emerson. shery: we have breaking news out of japan.dustrial production numbers for the month of january. the preliminary figure is a much eager protraction than expected. that's down 4.6% for the month of january. the expectation was for contraction of around 3% and we were gaining ground in the previous month. the month-to-month figure, a bigger contraction than expected. the year on year figure a bigger contraction than expected for the month of january. we were already expecting industrial production to take a hit given the weaker export of automobiles had seen in the previous month, but this is bigger than we had bought. retail sales numbers coming in right now. this is a beat which shows consumption is still strong. we are talking about retail sales numbers month on month, a both of 1.9%. a much faster acceleration than thought by economists. the year on year number is a jump of 6.3%. we can see the consumption side of things still remains strong. haidi: when it comes to wage hikes in japan, it is making those stocks more appealin

go emerson software. go science people. go breakthrough meds and safe science.o space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. >> we have to win the fight against inflation because if you look at where we are in terms of growth, we are not in a great place. >> we are mostly considering second-round effects. >> how long it and how high u.s. policy will go up. how china's reopening will affect our economy as well as exchange rate. >> most of our inflation is on the non-demand-side. >> energy costs, shipping costs, labor shortages. inflation will be higher than we like, for longer than we like. francine: the imf managing director and other central bank heads speaking on the fight against inflation from g20 in india last week. joining us is the head of emea capital markets at ubs. there is a number of things we need to look at when you look at the s

emerson. >> it is time for the bloomberg business flash. is forecasting a decline in earnings. the outlook signals a slow down and do it yourself spending at the home improvement retailer. home depot is spending $1 billion to increase wages in a tight labor market. it has never been this cheap to buy a tesla after a series of price cuts in the past month. the model three sedan now sells for $4900, less than the average new vehicles sold in the u.s.. that is the cheapest price tesla has ever had relative to the typical u.s. vehicle. guy: let's get to the startup, where we cover the top tech stories from the bay area and beyond. we are focusing on the beyond. the hearing at microsoft kicking off in brussels today. joining us now is max ramsey. let's talk about how significant the hearing could be for this deal. the u.k. already has poured a bunch of cold water on the transaction. what are we expecting out of brussels? >> this is a massive deal, $69 billion, so that is always going to come under scrutiny and andy -- in any industry. we have he

he had a very 19th-century idea, following carlisle or emerson, it was the great theory of history, napoleon is the key to events, for example. he was a myth maker, he idealized america and, because he grew up in china until he was 13 years old, when he came to the united states as a scholarship student and went to yell, until then, he was a stranger to the country in many ways. he idealized the country. he comes back home as a kind of immigrant, except he came from old american stock. coming from china, he was a kind of immigrant. it is my theory he used the magazines to invent and reinvent america and its meanings. as the son of a presbyterian missionary, he had a highly moral and religious sense of the united states. something of the manifest destiny idea, the kingdom of god on earth. a project always in progress. these things were reflected in his magazines. at the same time, he was an excellent hard facts journalist, reporter. it made for an interesting combination, but his storytelling, the storytelling in his magazines was very calculated and powerful and controversial, extremely cont

emerson. alix: fax have no direction on this day. february, over.ng it for us. >> nothing happening today. we are looking at the first down month of 2023. there were only two months in. one month up, one month down. the up month is much stronger, robust than the down month. the nasdaq, tech heavy interest is down by 1%. the big story in february, the huge backup in yields. tech heavy investors looking past a little bit. we are looking at a decline for the month of february. as for the style, this is interesting. we have been caught in this tug-of-war in a battle between the bears and the bulls. take a look what we have going on between discretionary and staples. discretionary travel, flying high. amazon is in there as well. staples down 3.1%. target is in this discretionary category. putting up a good quarter in outlook after being ok, the messaging at a conference in new york. interesting divergence. it supports the month of january, those gains take a little bit more weight than the declines this year. the growth tends to be those stocks that are

emerson. >> this is your countdown to the close.he idea that the fed is going to hike more and stay there longer and not come back down this year. consumer caution, there. retailers are having a difficult time. we also have tensions bubbling up again. >> there's a ton that we will be watching throughout the trading day. ju

emerson., you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> you are looking at a live shot of the principal room. this is bloomberg. keeping you up-to-date with news from around the world, here's the first word. china's top diplomat calls relations with russia solid. he met with vladimir in moscow. xi jinping is preparing to visit the russian capital. the eu has slashed its natural gas demand this year. finland saw the biggest drop. london commuters we facing more disruptions. the cities to drivers union says members will strike for 24 hours on march 15. the walkout will be followed by several days of industrial action on the rail network. the strike is planned for the day when the u.k.'s next budget will be released. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. kailey: president joe biden is headed back to the u.s. after visiting ukraine

go emerson software. go science people. go breakthrough meds and safe science.ace age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. >>> investors rattled by another hotter than expected inflation print and hawkish talk from fed heads continues. >>> futures point to another day of losses. apple unable to avoid the wave tech company layoffs taking the axe to a specific group of workers. >>> rise of the machines or stumble? microsoft defends early hiccups in the integration of the chatgpt a.i. this is february 17th, 2023. you are watching "worldwide exchange" on cnbc. welcome back i'm contessa brewer in for brian sullivan one more day before the weekend and how are marketing shaping up on the hotter than expected ppi report futures right now ried the s&p implied opening off 28 points dow jones industrial average are off triple digits. you have nasdaq down 1

emerson. tom: welcome back.den's northvolt is considering postponing as planned factory in germany, potentially turning to north america instead. the battery maker will move to the u.s. if europe does not bolster subsidies in response to be biting inflation reduction act. we spoke exclusively to the company's ceo. >> we have done a calculation that if we would start tomorrow building a factory, fully built out in north america, to be ready by 2026. between 2026 and 2030, we would be looking at somewhere between seven to 8 billion dollars in these credits. and of course, that's a very large amount of funds. >> is this setting the u.s. up to be an ev superpower? >> it is clearly driving the investments now in a very rapid pace. we're seeing both that on the customer side, that there is a strong momentum change where the expectation either on the demand side. whether on trucks, buses or vehicles is moving very rapidly upwards in north america. and it's because of this. then you are seeing the supply chains. you are

emerson.t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. ♪ anna: this is "bloomberg markets," welcome back to the program. a special edition for this u.s. public holiday, 2.5 h

emerson. when covid hit, we had some challenges. heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. >> not so fast adobe. the justice department is preparing a suit to block adobe's $20 million purchase of figma according to sources. it could come as soon as next month. this is a big deal. you likely know adobe as photoshop or premier, figma has products that trounced adobe's competing products. there for everyday users on the web and that is a market figma is rapidly controlling. adobe made attempts to buy them in 2020 and 2021, millie they sealed the deal with a price tag -- ultimately they sealed the deal it price tag double the valuation. it is one to watch. ed: story of the day, one of the stories of the week. looking at the shares of adobe this friday. down almost 8%. the biggest drop since september. you and i have taught for 24 hours about the idea that some regulator somewhere was not -- looking at this deal was not surprising. how quick

emerson. >> as the figures have come in.ticularly, the figures on housing -- non-housing services look to be running way above target level, i think the chances of a soft landing which looked to be getting better a couple months ago. i think are now receding a bit. francine: was former treasury secretary larry summers speaking with anchor david westin, saying he sees worrying signals in the u.s. economy. deutsche bank looked at buying parts of credit suisse before the swiss bank announced his overhaul last year. for more, let's bring in bloomberg's german banks reporter in frankfurt. it is the first thing i read. i took a double take, i read it three times. was deutsche bank right? >> as you know, that credit suisse is in a bit of trouble right now. before the announcement of the strategy in october, they were thinking about how to raise capital, what to sell. and deutsche bank was looking at what options might be available. they were interested in management assets. credit suisse has a very big wealth management unit, and i

emerson. >>> welcome back to "fast money. stocks getting bitten today. apple dropping 2%. trading below its 200-day moving average amazon also down, falling nearly 2.5% it's now trading half a percent under its 50-day moving average. will these tech titans keep going lower? let's bring in the chart master carter worth to find out. >> what we know about apple of course is it bottomed after the market the s&p low is mid october, and apple is lagging, underperforming and then bottoms in the first day of january. now it's rally off the low was more robust than the s&p, and yet all it was was a ricochet. i think apple is not something to be in right now, and frankly it doesn't have a lot of opportunity to downside. sometimes an asset is fair priced i would call this a pair of 2s don't be long, don't be short. look for something that's more timely, more interesting, more dangerous. this is a dull duck. >> is amazon >> yeah, more dangerous. just consider this -- how many stocks are basically at or very near their covid lows? not many. >> not too many. >> the s&p is up 80% off its

emerson. >>> welcome back to "closing bell." chairman sam zell still with us., sam, i always like to get your thoughts on the political environment and, of ourse, policy proposals including president biden's recent one in the state of the union, the so-called billionaires tax, where he wants to increase a tax, a 20% levy on household worth more than $120 billion i think you will want to weigh in on this one >> i just think the government taxing unrealized gains is crazy. i think that putting people who are successful at risk of liability and no cash makes no sense whatsoever and i think it would have a significant impact in how you think about investing. >> part of the goal of biden and democrats is to reduce inequality and deal with the deficit, which are both good goals. >> yeah, but so is mom and apple pie. i mean, those are also good goals but they're not practical. all kinds of countries, france, germany, belgium, all put in wealth taxes and have all reversed them because they don't work and they don't produce the kind of results -- if we had that kind of

emerson.haad: some companies making waves today, bhp off the lows of today after it saw a dividend cut in its profit decline, putting pressure on the australian share market. we are waiting for hsbc, 1% to the downside. we are going to be looking at fourth-quarter numbers in just over 90 minutes. we have a net increased -- semiconductor up 40%. it produces high-definition video signal processing chips and high signal transmission chips as well as transmitters. that debut on a tear. ♪ rishaad: a glorious day at the moment, it looks like anyway, in tokyo. off to lunch there. the nikkei 225 dipping back a smidge. looking for clues on the next move by the federal reserve and the bank of japan as well. talking of which, the outgoing governor kuroda been taking questions in parliament, and says he sees inflation slowing down around the middle part of this year, saying labor demand and the impact of inflation is likely to push up wages, and the labor market is likely to tighten further after an influ

emerson. >>> let's take a look at zillow.% year to date our next guest likes what he sees upgrading the stock to outperform this morning and doubling his price target to $61. evercore isi mark mahaney joins us now this is essentially a macro call what makes you confident the housing market is recovering or will recover this year and a 42% rise, this isn't already baked in >> yeah. thanks, deirdre. so, this is a part thanks. so this is part of macro calls, and our home building analyst thinks part of the fund is that existing home sales and home prices are likely to trough out bottom in this march quarter and then recover so we lead with that what we know historically is there's a high correlation between zillow's revenue and its profits with existing home sales. this should fully participate. we look at the traffic data. zillow has become synonymous with residential real estate property for years, so much so "saturday night live" did a skit because it's so popular. prior to the kind of major correction we saw in the market la

emerson. global pandemic, or in europe, inflation -- how is the world's biggest ad firm positioning for a slowdown? is there an interesting client you would like to do more of? is there a client you would like to have on the books who you do not have yet? mark: i'm sure there is. we do fantastic work. i love all of our clients. francine: of course, like her -- your children, no favorite. mark: tesla is an interesting company. so far they have not spent money on advertising. i'm sure one day they will. i think jeff bezos said in 2009 that advertising is what companies do when they have nothing to differentiate themselves. amazon today is one of the world's top five advertisers. companies develop and they come to a point where they have a need to talk to consumers about what they need or what they need to sell. all of those things make what we do valuable. francine: if you look at the lifecycle of a business, and the ability for that business to be disrupted, when is peak advertising welcomed? w

emerson. walter: that's right. david: so that worked out ok. walter: that worked out fantastic.an has done a wonderful -- it's not just my opinion, he has been chosen ceo of the year a couple of times, not just in the financial industry. but throughout corporate america and banking. a♪ david: let me ask you right now about something you are involved in right now, which is the giant magellan telescope. you are leading the effort to get people to fund the giant magellan telescope. why do we need the giant magellan telescope, since we have the webb telescope, that seems to be sending back nice pictures. how much better is the giant magellan going to be? walter: four times better. david: four times better. walter: four times better resolution, which means the pictures will be sharper. but the science, the way it will work, the james webb, you are seeing those pictures very sharp, but they are identifying parts of galaxies in space almost back to the beginning of the universe that people have not seen. they -- it cannot focus more sharply as we would like to be able to identify objec

go emerson software. go science people. go breakthrough meds and safe science.e age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. >>> after the bell tonight is zoom, one of the pandemic's best performers, as you know, and a big winner for ark innovations over that period hasn't been great, losing half its value. kath wood reiterated this morning an exclusive. >> if you look at zoom's patents in the last few years, they are roughly the patent-pending or patent applications, almost half of them are around artificial intelligence. intelligence zoom and microsoft will take this market. it's a $1.5 trillion market per year, and nobody is going to rely on just one service for communications we do believe that zoom is very creative and with artificial intelligence it's going to deliver some very interesting products and services over the next few years >> zoom

emerson. these days, our households depend on the internet more and more.smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. >> this is bloomberg derrick may list. your top stories t