innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. emily: i'm emily chang in san francisco and this is "bloomberg technology." tech earnings season in full swing. apple's new restriction on data collection is hitting hard. intel falling on a lackluster forecast. second time is a charm. wework makes its debut after a disaster in 2019. new leadership and a pandemic has change the company dramatically but one thing stays the same, it is still losing money. we will dive into it. it's been 20 years since the ipod, a device that ignited a wave of apple innovations. we'll talk about apple today and what the next big thing might be. first let's get a look at the markets, u.s. stocks rising to an all-time high, the seventh day of the gains. kriti gupta is standing by to tell us why. >> closing a record highs. it is important to know what to get forward. it was big tech under the hood, a little defensive positioning today. you can see that bolstered by the idea that some of the riskier gauges or the bloomberg crypto index down on the day. cros

i am emily chang in san francisco.loomberg. ♪ yousef: this is "bloomberg daybreak: middle east." the global selloff deepens amid concern on surging prices. the nikkei had fallen 10% since september, and s&p 500 is at its lowest since july. opec-plus maintains its planned gradual increase of supply despite the energy crunch. president biden warns the u.s. is at risk

let's do this with emily chang, who is getting off the call with alphabet's cfo.hat are they saying about this echo what are the key takeaways? emily: obviously very optimistic about the quarter, looking pretty good across the board. she said the consumer sentiment is broad-based and remains strong and even as the world reopens, she believes that is a trend that will stick. specifically she said digital is real even as people start to get vaccines and the world reopens, people want more choice and information. the online to off-line work continues to be relevant. we tried to zero in on supply chain issues. i asked her what kind of challenges they are seeing. she says they have been managing the challenges well. she believes they are working closely with partners to plan and pivot where and when they need and with a strong man for the pixel six machine says they expect some supply constraints. i specifically asked her if they are seeing advertisers pullback because of supply chain issues, because they don't want to advertise products coming over the holidays that m

i'm emily chang. want to talk about tesla in china -- a few tech stories we are continuing to watch. tesla overcoming a broad slump in overall car sales. overall shipments of china-made cars rose for the second month in a row. where than 52,000 were sold. meantime, car sales fell 17% in september. plus, general motors reached an agreement with lg over a recall of battery. the south korean company will pay $1.9 billion. the manufacturing defect had a -- an increased risk of fire. stay with us after this break. ♪ emily: the grade miami tech rush started with a tweet from the mayor asking how can i help in response to a venture capitalist who openly wondered about the prospect of living silicon valley to miami. this kick started a new boom of sorts in a state known for real estate and hospitality businesses more than it tech scene. at the miami mayor is betting big on a growing tech community, especially crypto, announcing the city's own crypto currency, miami coin. let's dig in to all of this now with m

>> this is bloomberg with emily chang. emily: coming up in the next hour, apple showcased new devices at an unleased event and we're looking at the up and its most dramatic move yet. or than 6.7 billion vaccine doses have been administered, enough to fully vaccinate over 43% of the global population. speaking with the moderna ceo in an exclusive interview. and for merely going broke to a billion-dollar dollar buyout from amazon. will talk to the ceo of ring about living under the amazon roof and the hottest products, coming up this holiday season. all that in a moment, but first let's get a look with -- at the markets. >> green on the screen, all thanks to big tech. microsoft leading the index higher. a little bit of defensive positioning, that's what we saw, we also have a lot of risk on sentiment, it look like after hours is going to slip from that over 61,000 level, something to watch as we go to tomorrow's session. one of the things that happen in the past couple of weeks was the correction for a lot of these big tech n

the heart of where innovation, money, and technology collide, this is "bloomberg technology" with emily chang. emily: welcome back to "bloomberg technology," coming up in the next hour, out with the old and in with the meta, mark zuckerberg goes all in, rebranding the entire platform, even changing facebook's stock ticker. we will talk about all of it with meta's global business group vice president. plus, apple and amazon plummeting, projecting holiday sales that fell short of estimates indicating a pandemic room for e-commerce could be over. in the meantime, apple, iphone, mac, falling short of estimates. we will break down all the results. big tech bands together to build a more diverse workforce. we will talk exclusively with the chief diversity officers of snap, uber, and spotify to make -- about the new plan to make things more inclusive across the tech industry. the social network that we all knew as facebook for the last 16 years has a new name and it is meta. mark zuckerberg announced the change during the tech conference. take a listen. it's the most definitive signal yet of their d

i'm emily chang.♪ haidi: very good warning and welcome to "daybreak: australia." sophie: we are counting down to asia's major market open. shery: the top stories this hour, tech stocks climb

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily changemily: i am emily chang in san francisco and this is "bloomberg technology." rhett and goes public. we will hear from the ceo and how the company is navigating supply chain charges. plus, instacart taking on amazon. the grocery delivery of start -- upstart wants to arm grocers with a shopping cart technology of the future. i caught up with ceo fidji simo in her first 90 days on the job in an exclusive interview. plus, how stores are navigating food shortages and barren shelves. and twitter shares tanked despite ad revenue holding up well. i will talk about how twitter will work hard to be part of your daily ritual. first, let's get to u.s. stocks falling from all-time highs. walk us through the day. kriti: emily, we started in the green, ended the day at session lows. it was that check trade that we saw underperform at the end of the day, especially when it comes to the subsectors. the gold index down, not catching that investor bid that was so strong last week. biotech and the stoxx i

innovation, power and money collide, from silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco and this is bloomberg technology. coming up in the next hour, one step closer to a covid vaccine for children. pfizer and biontech applying for emergency approval today. plus, taking it off her stance on vaccine mandates. why some employees could be suspended without pay before the end of the year. plus, the future of work is hybrid. that is the view from fox ceo chuck robbins. we have conversations with both of them this hour. and apple's car ambitions take a turn. the company is doubling down on carplay. no drivers will have more control options with just a touch of their iphones. first, pfizer and biontech applying for emergency use authorization approval for their covid vaccine for kids. this is a huge step forward in the vaccination campaign of millions of people around the world. our san francisco bureau chief joins us now. how soon could this approval happen? how soon can kids between and 12 5 be vaccinated? carol: pfizer submitted it

from the heart of our innovation, money, and power collide, this is "bloomberg technology" with emily chang. emily: she is a former product manager at the social network. her claim is that facebook prioritizes profits over the well-being of its users. is it related? we discussed. regulation is necessary for the citadel ceo to consider trading cryptocurrency. in a conversation, he praises the sec chair for taking a closer look. plus, what he has to say about payment for order flow. the foundation of citadel's relationship with robinhood later this hour. and, the wait for the new apple watch is over. a release date has been set after the company was hit with a delight due to supply chain issues. we will have all the details. all of that in a moment, but first u.s. stocks started the week with a big plans. facebook with some added drama. let's get to ed ludlow for the full picture. lots to get through here. ed: the big story is facebook, biggest decline on the nasdaq, the stock trading at its lowest level since june. the whistleblower comes out and says the company prioritizes profits over saf

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innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i'm emily chang in san francisco. tesla is feeling the supply chain pain, announcing in its third quarter earnings that it will be shifting to new batteries globally. what does the strategy mean for the electric carmaker and the industry at large? plus, a big potential purchase for paypal. pinterest soars on news that it could be acquired for $45 billion. how this could be a learning moment for paypal's super app ambitions. >> you really saw big tech lead the way in today's session. really weighing on the s&p 500. you did see tech underperform the broader benchmark. those chinese adr's have been under a lot of pressure since the start of the year, but you want to point out they are starting to get a bit of the renewed investor. shares up 1% for the index. we can't go on without talking about crypto, not only the bitcoin rally, but with it it took all of its crypto peers. the biggest story i would probably say in the tech universe, the potential deal between paypal and pinter

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang in san francisco. tesla is feeling the supply chain pain, announcing in its third quarter earnings that it will be shifting to new batteries globally. what does the strategy mean for the electric carmaker and the industry at large? plus, a big potential purchase for paypal. pinterest soars on news that it could be acquired for $45 billion. how this could be a learning moment for paypal's super app ambitions. a report facebook may be getting a facelift. is this social network really changing his name as its name? will it work? we will get to all of that in a moment, but let's get a look at the markets. we saw a record for the s&p almost. >> absolutely, almost. the big takeaway here you really some big tech lead the way. leading the way lower. really weighing on the essence 500. you did see tech underperform the broader benchmark. those chinese adr's have been under a lot of pressure since the start of the year, but you want to point out they are starting to get

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco. netflix once again surprises, a big beat in global surprises. it has nothing to do with "squid game." we will break down the results. plus, trading in your pandemic. a designer who ran the runway revealed subscribers are rebounding as the company looks to head to the public markets on a $1.3 billion evaluation. live from l.a., we bring you latest from the milken institute global conference. carol massar later this hour. we will get to all of that in a moment, but first a look at the markets with kriti gupta. a rally in stocks today. kriti: green on the screen. tech the key outperformer, but not tech alone. today, they were up over 3% in the session. you are seeing bitcoin slipping away from its highs today. during the session, very strong reactions to bitcoin despite the news about bitcoin futures. a big concern was with that attract from some of the populism around crypto assets in particular? that is not the case. looks like it is up abou

. ♪ emily: i am emily chang.a special edition of bloomberg technology.

. ♪ emily: i'm emily chang in san francisco.s feeling the supply chain pain, announcing in its third quarter earnings that it will be shifting to new batteries globally. what does the strategy mean for the electri

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology>' profits before peoples bloomberg technology." frances haugen tells congress

i am emily chang in san francisco.ook shares rose after third quarter earnings were reported. pressure continued to mount on the social platform over its handling of information and user trends. frances haugen, bringing to light information about facebook's innerworkings, saying that facebook does not do enough to combat hate speech, with the platform only managing to take down 3% to 5% of hateful content in the site. >> mark zuckerberg put out a paper saying that engaging in -- is dangerous. as you saw, they are getting 3% to 5%. emily: she continued her testimony, focusing on how facebook is continuing to amplify hate across the platform. >> the question is what is facebook doing to amplify or expand hate, to amplify or expand violence. >> do you think making hate worse? >> unquestionably, it is making it worse. emily: i want to bring in the chamber of progress founder, and naomi nix, our reporter who covers facebook and has poured through these documents herself, focusing specifically on the hate speech and revelati

innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: here's what's ahead for the rest of the week. texas instruments and amd both out with earnings in the wake of a chip shortage. what their reports signal about how supplies will meet holiday demand. social media and kids. that was the focus of the latest committee hearing focused on cyber bullying and tech addiction among children. executives from youtube, snapchat and tiktok testified. we will get to that in a moment. let's take a look at market action. investors digesting tech results. >> it is shaking out a mixed picture when it comes to big tech earnings. let's get out of the way what happened during the session today. the s&p 500 once again, record highs and closing and the green. what didn't do so well, chinese tech down a whopping 4%. you can see the tug-of-war anticipating those earnings stories today, but getting pulled down by the china exposure. slightly risk off, slightly defensive bid for the tech outperformance but you saw the crypto index lower. the big tech earn

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: coming up, can snap snap back? plunging in its biggest one-they drop on record, after worried data collection is hitting adds her. but it means as other platforms both report next week. plus, while week for crypto. two new etf's are sending the cryptocurrency to all-time highs. we will tell you what is coming up next. and the ceo of intel says chip production plans need a boost from conference, as the supply chain situation continues. we look at that after shares plunged 12%. we will get to all that in a moment. first, markets, tech weighing heavily on the broader markets today. kriti: absolutely dragging the s&p 500 down after a winning streak. down about 1/10 of 1%, but the real action happen in the tech market, the nasdaq down 0.8%. it was something that echoed throughout the subsectors. down 1.2% on the day. the risk sentiment under pressure. bitcoin, crypto, down over 2%, telling the people pulling out ahead of the weekend. some people did well today. tesla shares, the

from silicon valley and beyond, this is bloomberg technology with emily chang. emily: vaccine mandates. why some employees could be suspended without pay before the end of the year. the future of work is hybrid. that is the view from aaron levie and chuck robbins. we have conversations with both of them this hour. apple's car ambitions take a turn. the company doubling down on -- drivers will have more control options with just a stock -- a touch of their iphone. first, pfizer, emergency authorization approval for a covid vaccine for kids today. this is a huge step forward in the vaccination campaign of millions of people around the world. our san francisco bureau chief joins us now. how soon could disapproval happen? how soon could kids between five and 12 be vaccinated? carol: pfizer submitted application for emergency use approval today. the fda will meet later this month, followed by the cdc. our reporting indicates we could have shots in arms by the first week of november. it should be very soon. that would be a major step toward getting -- not just kids, bu

announcer: from the heart of where innovation and money collide, this is bloomberg technology with emily chang. ♪ [no audio] emily: amazon's videogame streaming platform has been hacked, exposing how much money creators are making. zuckerberg saying he didn't realize the situation, but he agrees that regulation is needed. amazon's videogame streaming platform has been hacked, exposing how much money creators are making. the hackers motive, to spark competition in game streaming. we have details. when jeff bezos bought 100,000 vehicles it was a defining moment. why bezos was in treat and the fascinating way he learned about the company. first, i want to take a look at the market. heavy trading as republicans poised to offer democrats a way to end the debt limit impasse. ed ludlow joins us with today's move. >> we were down more than 1% at one point in equity markets. we ended in the green. s&p 500 up .4%. nasdaq 100 up by more than .6%. there has been concern about this mega cap high-growth tech stocks. apple, amazon, microsoft. the parse index up by .8%. semiconductors, which had been down unt

i am emily chang.berg. ♪ haidi: welcome to daybreak australia, i am haidi stroud-watts in sydney. sophie: i'm in hong kong. shery: i'm shery ahn. republicans and democrats finding a way to end the debt impasse. haidi:

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." profits before people. frances haugen tells congress facebook knows it is hurting teens around the world, but chooses growth above all else. plus, facebook's vice president of content policy joins us live. we ask her to respond to haugen's disturbing allegations. how will facebook restore public trust? where are their plans for a social network for children now? even on the back of a massive outage that wiped facebook and instagram off the internet for several hours, facebook shares rebound with the rest of the market. are we seeing the beginning of a long-term correction? let's go first to the market rebound and bring in ed ludlow. it does not look like a tech rally that is dying, at least not today. ed: the nasdaq 100 up by 1.4%, biggest gain since august. over the last two days, a massive selloff monday, a recovery on tuesday. 82 out of the 100 stocks on the nasdaq 100 in positive territory. even a techn

innovation, money, power polite, in silicon valley and beyond, this "bloomberg technology" with emily chang. emily: i am emily chang. this is "bloomberg technology." with an ongoing chip crisis and shrinking supply chain, can companies keep up? we are looking at the role of chipmakers. plus, high-tech diamonds. we are speaking with the ceo and founder of a company using it to trade it. and the growing digital design space. we would hear from the ceo of one company, on how the company has gone from an office to mainstream success. all that ahead. first, let us look at the movers and markets today. another day in the green. >> risk on. s&p 500 and the green. it was not big tech outperforming. one of the laggards was a biotech index, doing well earlier this week. today, underperform. if you needed evidence of a risk on day, money coming out of treasuries, six basis points. all the action was in the crypto market. it hasn't stopped yet. we start off with bloomberg reporting on the print side, saying bitcoin is wrong after bloomberg reported that a government agency is unlikely to block a bitcoi

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily changily: coming up, can snap snap back? plunging in its biggest one-they drop on record, after worried

. ♪ emily: i am emily chang in san francisco.e again surprises, a big beat in global surprises. it has nothing to do with "squid game."

emily: i'm emily chang in san francisco and this is "bloomberg technology."ings season in full swing.

from the heart of where business, power and industry collide, this is "bloomberg technology with emily changheart of where business, power and industry collide, this is "bloomberg technology with emily chang. >> from the heart of our >> facebook shares plunge and the postal -- social a massive . after the whistleblower reveals -- herself. her name is frances haugen

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."efore people. frances haugen tells congress

i am emily chang in san francisco. quarter revenue growth, pressure continuing to mount on the social platform with information user trends at facebook. a whistleblower bringing to light revelations about facebook up a yes innerworkings, saying the company does not do enough to combat hate speech, with thought to only take down 3% to 5% of hateful content across the site. >> mark zuckerberg put out a white paper saying engagement-based ranking is dangerous unless a.i. -- as you saw, they are getting 3% to 5% of hate speech. emily: about it continuing to amplify hate across the platform. frances: to amplify or expand hate, what is it doing? >> do you think it is making hate worse? frances: unquestionably, it is making hate worse. emily: i bring in our "bloomberg technology" reporter, who has pored through the documents themselves, with the hate speech. the documents suggest facebook only takes down less than 5% of hate speech. at the same time, we have heard facebook representatives say they have zero tolerance for this

. ♪ emily: i am emily chang in san francisco and this is bloomberg technology.n the next hour, one step closer to a covid vaccine for children. pfizer and biontech applying for emergency approval today.

. ♪ emily: i am emily chang.

emily: i'm emily chang in san francisco.supply chain pain, announcing in its third quarter earnings that it will be shifting to new batteries globally. what does the strategy mean for the electric carmaker and the industry at large?

innovation, money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang

i am emily chang. in the next hour, out with the old and in with the meta, mark zuckerberg goes all in, rebranding the entire platform, even changing facebook's stock ticker.

. ♪ >> this is bloomberg with emily chang.: coming up in the next hour, apple showcased new devices at an unleased event and we're looking at the up and its

emily: i'm emily chang in san francisco and this is "bloomberg technology."earnings season in full swing. apple's new restriction on data collection

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily changily: we will break down the

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily changup, mark zuckerberg thinks he has seen the future. it is the meta-verse. it is a rebranding enough to get

innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang♪ emily: coming up, mark zuckerberg thinks he has seen the future. it is the meta-verse. it is a rebranding enough to get content creators and customers on board? plus, how the supply crunch may steal christmas, apple and amazon results, diving into the $6 billion loss in sales for apple and how it could lose more. shares in twilio plummeting, down 17% in the biggest one-they drop, but analysts still positive about the long-term potential. we will talk with the ceo. first, the markets. stocks ending up, despite those results from apple and amazon. walk us through. kriti: record highs for all indices. big tech coming off earnings. not hitting the s&p 500. i want to start off with big tech movers. they have gained a bit when it comes to microsoft and facebook. what hasn't gained is apple and amazon. earnings is going to be the key piece of the equation. if you look at macro, use salt yields lower. you saw breath higher. i want to dive into that. ed ludlow can take us into the details. ed

the heart of where innovation, money, and technology collide, this is "bloomberg technology" with emily chang welcome back to "bloomberg technology," coming up in the next hour, out with the old and in with the meta, mark zuckerberg goes all in, re