. >> we get flooding in flatley and speech -- flatley and streets.s is something with to be focused on. i am proud of my record addressing these challenges on behalf of district six and oakland as a whole. >> we are working to secure apg&e grant. currently, they only open resilient centers when temperatures or air quality are consistently bad, which is managed by the emergency services department, which we actually did not have anybody in until after i was elected. kumasi: they are both current oakland city council members. they received prominent endorsements so far. there are eight other candidates on the ballot running for mayor of oakland. they are making it easier for you to get caught up with all the local races and issues you could be voting on this year through the abc seven streaming at. it has a full video breakdown free to stream in the california elections 2022 section. you can download it for several platforms. reggie: the nba is back. the wars are gearing up for an exciting night tonight. they will be raising a banner for the fourth tim

emily: ed ludlow with sarah frier and dan flatley, we will follow all of your reporting to the weekend. coming up, snap sends a warning to social media shareholders. we will discuss that next. this is bloomberg. ♪ emily: anxious investors are selling out of social media stocks with $35 billion in market value wiped out just at the open. this following snap reporting the slowest quarterly sales growth on record. i want to bring in craftsmen founder and ceo alex. what does this mean to you? alex: there is a different macro environment should talk about where we are shifting from brand advertising spend to performance spend. it is more geared toward brand advertisers but the lack of first party data that apple has recently changed with the att framework really relying on first party to drive that value. snapchat doesn't have first party data. and opposite of tiktok, which is a very sticky platform driving a lot of engagement, it doesn't have the stickiness factor and it took a big hit today in the markets. emily: how much do you think these are short-term issues or are they long-term issu