. >>> still to come, it's a party royale and plape is not invited the details on fortnite's next big. gold bond champion your skin at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. >>> one of the biggest bands in the world, collaborating with fortnite in a party royale but it's not black pink which is a little disappointing to me josh lipton, who is it >> it could be, jon, one of the most popular bands on the planet and now it's coming to fortnite. tonight at 8:00 p.m. eastern, korean pop band bts will debut a brand-new album on party island. that's a separate space where fans hang out and enjoy all kinds of entertainment it's not big secret why the band would launch a video on fortnite the audience here can be massive. earlier this year, travis scott, remember, hosted a mini

need to do it the old way to bring contents of fortnite.ng the unreal engine tools and bring their experiences the fortnite. whether it is an event, a concert, a movie -- anything like that. tim: let's talk about the movies. you are working with hollywood studios on content creation while content has been stalled in the middle of the pandemic. emily: talk to us about how your technology is being used to create a movie like mea ndelorian. tim: the unreal technology that is powering all of this had a .5 there are scenes that are impossible to distinguish from reality. at that point, everybody else in the game industry became interested in it. virtual production of movies, architecture, design visualization, if you are designing a car or any consumer product. ins brought a lot of growth bringing the technology outside the game industry. emily: fortnite came out in 2017, but you started developing it in 2011. what happened in between? i believe there were some peaks and valleys. tim: yeah, at the time, epic was developing the gears of war games

and the money i spend on fortnite.at the disastrous mismanagement of the company during the pandemic that it had every right to complete the deal. the news comes after tiffa ny deal. the news comes after tiffany sued lvmh earlier this month, rejecting companies decision not to go through with the deal due to a french government's request. the tesla chief executive elon musk plans to list style link when he believes revenue growth is smooth and predictable. he added style link was an important new revenue stream for his california based space acts. the firm is racing to build out its starlink consolation to offer broadband internet commercially before the end of the year. the uk and the european union will begin the next round of trade talks today in brussels with both sides eager to find an agreement despite a major dispute over borisjohnson's plans to introduce new legislation which overrides his brexit of australia. after months of stalemate, there are tentative signs of progress over trade with michel barnier, the e

userssays fortnite won't be able to log in using apple entrances.is a significant next move. : this is a bold move by apple. the are striking back with countersuit and asking a california federal court from blocking epic. apple wants the court to rule epic violated contractual obligations under its app store licensing agreement by setting up its own fortnite marketplace. some users who had the older version of the app can continue fixg this opposing hot apple put in place to set up its marketplace. so apple is striking back now to talk to prevent any user from epic'sto go through direct payment system. to seeit is interesting apple seeking damages. apple has piles and piles of cash and is run of the richest companies in the world, and also a multibillion dollar company, that apple should become an sated the losses. malathi: it is an interesting move by apple, given that epic isn't seeking damages in the suit it filed. epic, according to epic it is only looking to fight back against apple's market dominance and charging customers a fee. says and its

have the judges weighing the future of fortnite.t is being touted as perhaps the most groundbreaking treatment for covid-19. the maker of new antibody technologies. more than one million people now dead from the disease worldwide. welcome to "bloomberg technology ." markets rallying today, tech again leading. joining us now, abigail doolittle. we were talking about a rally at the end of last week. is that now going to extend through this week? abigail: it certainly did today. it was not just tech. rallyeadth of today's possibly more impressive than the size. the nasdaq over this time, the best three days since april. that is the degree of the buying power. really helping out the nasdaq. again, very solid again. it was driven last week by apple, which put up its first up week since august, claiming back above the 50 day moving average. the fundamentals not changing so much. perhaps more technical selling after some technical buying in august. i was mentioning the breadth. very well. apple up 2.4%. tesla continuing its rebound. disapp

kids are playing real games, minecraft, fortnite. for microsoft to make it investment with the transformations we are seeing in the business. emily: as you said, content is king. i have to ask about the tiktok deal. how big a deal is it that microsoft lost the tiktok deal? phil: we were pretty public about how that played out. i don't have anything to say with how tiktok is working now, though when i look at our growth aspirations in the consumer oure, i was -- i think investments in gaming will be critical to our long-term success with consumers. emily: the trump administration is pushing u.s. gaming companies on their ties to tencent, and that means fortnite and league of legends, which are hugely popular on xbox. what is microsoft's position in this geopolitical tug-of-war? what if trump starts cracking down on fortnite and league of legends? phil: we think people should play the games that they want to play with the community they want to play with on the devices they want to play on. that has been central to our strategy. we wor

fortnite. it is a great place for microsoft to make it a business.ntent is king have to ask about the tiktok deal. it is still playing out, but how big a deal is it that microsoft lost the tiktok deal? phil: we were pretty public about how that played out. i don't have anything to say without tiktok is working now, but when i look at are growth aspirations in the consumer space with microsoft come i our investments in gaming and reaching communities everywhere will be critical to our long-term success with consumers. emily: the trump administration is pushing u.s. gaming companies on their ties to tencent and that means fortnite and league of legends which are hugely popular on xbox. what is microsoft's position in this geopolitical tug-of-war? what if trump starts cracking down on fortnite and league of legends? phil: we have taken a long-term approach to gaming. we think people should be able to play the games they want to play on the devices they want to play on. that has been central to our strategy. we work with global partners to do that. we ho

apples legal battle with the makers of the game fortnite has taken another twist.he iphone maker is counter suing epic games, , accusing thm of unfair business practices. epic began legal action against apple and google when they pulled fortnite from stores for breaking payment rules. they are challenging dominance with app stores that charge 30% commission on payment. they think of themselves as a corporate robin hood but simply wawants to p pay nothining from the value i it gs om the apppp sto.. a market chchain has s announcet is cututting more than a thousad bs a amid warninings that france isis in a plummet ratee rise to% by the end of the year. french government p project i s facingng its own chahallenges. the joblessss rate isis particuy high and thehe pandedemic is hug demand for its services. is a neighborhood used high unemployment. and over an of 7000 quarter of them out of work before the pandemic struck. districts in0 france thahat have been part ofa govevernment program t to help people. project, part of the employed by a not-for-profit organization.

>> it is incredibly smart on the site about the games and fortnite they'll creating this buzzy event- it will make apple look more uncool than it does in this whole saga i'm wondering if we can get josh to either confirm or deny that he is a huge k-pop fan i've been working alongside him for about four years now, and i really need to know if i can play k-pop through my major speakers now, josh, when we all get back >> yeah, and to be honest, i'm much more of a johnny cash fan, maybe a little zz topp. a hipper, younger man filled me in on how big this group really is >> for any folks out there who want to up your social media game and blow up your mentions, all you got to do is mention bts on instagram or facebook or twitter, and your entire stream blows up with all these bots and everybody yells welse who gets n the k-pop regime mention bts, and i guarantee you won't see any tweets against you for a while. >> last word to you, ms. brewer. >> you can see it on youtube, so even if you have an iphone, can't you just go on youtube and watch it there what's the big deal? >> deirdre >> lat

it is not just limited to , but alsod wechat kids point fortnite. fortnite. in foreign and domestic companies. where -- of era international deals or participation of a chinese company in a u.s. market from time to time gaining scrutiny. of acceleration in your eyes? on.d: thanks for having me i think the answer is yes. starting about four years ago, c fius starts with investments in chinese entities. enacteds ago, congress legislation that modernized jurisdiction of sify is -- cfius. it also beefed up the resources us hasrsonnel that cfi at its disposal. there were only four people at , and these days, thanks are upwardson, we of 50. the pentagon, the justice department, homeland security have also beefed up their teams. this means, practice speaking, is that there are people whose full-time jobs are in fact scouring the landscape and looking for transactions involving chinese entities that toe -- that go to cfius review. romaine: i'm curious about the evolution. when we used to talk about cfius and the deals they were making, it was pretty straightforward.

what if trump starts cracking down on fortnite and league of legends?e have taken a long-term approach. we think people should be able to play the games they want to play with with the community they want to play with on the device they want. we work with global partners to be able to do that and we hope to continue to do that. it is a cornerstone of our strength of reaching food -- of reaching 3 billion gamers on the planet. there's a battle between epic games and apple and google. xbox has its own situation with apples app store. do you think apple and google are monopolies like epic says? phil: we think gamers on general-purpose computer devices should have access to service like game pass cloud streaming. that should be available to everyone. we will continue to work with a large mobile operators, we will work with apple and google and samsung, and i think gamers should have choice with the devices they have on the content they get to play. emily: tech markets have been choppy. microsoft has seen a pretty significant rise given the work from home tr

they have countersued the maker of fortnite, seeking punitive damages here.n you tell us about this? >> that's right. so, this issue rolls on. apple is accusing epic games, which owns "fortnite" of stealing the 30% commissions that apple takes from app developers. you'll remember, last month, epic filed a lawsuit against apple in a closely watched antitrust case that could reshape the way the whole digital app store works. epic had alleged in that case that apple's decision to remove "fortnite" from its app store over inapp purchase fees reflected anticompetitive behavior. so, this is an issue, a question that's not going away any time soon, and now we've got apple coming into the mix, countersuing epic games. over to you. >> all right, cnbc's julianna tatelbaum live from london for us. thank you. so good to see you this morning. >>> up next, a look at axios' "1 big thing." and coming up on "morning joe," michigan governor gretchen whitmer will join the conversation ahead of the presidential candidates' campaign stops in her state this week. >>> also, former

epic has sued both apple and google in the battle over its game fortnite. this movement mean? su: it means that a federal judge may pass this hot potato of an antitrust lawsuit to a jury. while the judges did in order that, she did say that a jury may be better equipped to evaluate the major issues in what has been shaping up to be a battle royale. again, thes involve, phenomenon that is fortnite, epics videogame that has gone viral even before the pandemic and the lockdown created video escapism at a level we have never seen before. epic's game in many ways has a ready changed the industry. the appr key issue is store fees. both apple and google have been criticized for fees that are seen as restrictive to gamers although apple and google say they have serious security concerns about what epic did. so apple removed epic's fortnite name from the app store after epic activated a so-called hot fix, a backdoor, if you will, that lets players pay for it-game purchases directly to purchases-game directly to epic and bypasses apple. last month a judge pushback on

that means fortnite and league of legends, hugely popular on xbox.ft's position in this geopolitical tug-of-war? what if trump starts tracking down on fortnite and league of legends? >> we have taken a long-term approach to gaming and we believe people should be able to play the games they want to play with the community they want to play with on the devices they want to plan. we work with global -- to play on. we work with global partners and that is a cornerstone of our strength, reaching 3 billion gamers. >> meantime there's a battle makerbetween fortnite epic games and apple and google. xbox has its own situation with apple's app store. to think apple and google are monopolies like epic says? >> we think gamers on general purpose computer devices should have access to game pass cloud streaming, that it should be available to everyone. we will work with the large mobile operators out there, apple, google, samsung and we are jnet today. i do think gamers should have -- and we are doing that today. i do think gamers should have choice. shery: coming

that means fortnite and league of legends, hugely popular on xbox.t is microsoft's position in this geopolitical tug-of-war? phil: we have taken a long-term approach to gaming. we think people should be able to play the games they want with the community they want to play with on the device they want. that has been central to our strategy. we work with global partners to do that and we hope to continue to do that. it is a cornerstone of our strength of reaching over 3 billion gamers on the planet. emily: meantime, there is a battle royale between fortnite maker epic games, apple, and google. xbox has its own situation with apple's app store. do you think apple and google are monopolies like epic says? phil: we think gamers should have access to services like game pass cloud streaming. we think that should be available to everyone. we are committed to making that happen. we will continue to work with the large mobile operators. we will work with apple, google, samsung. i think gamers should have choice with the devices they have on the content they ge

have the judges weighing the future of fortnite.

kids everywhere are playing video games, minecraft, fortnite.the transformations we are seeing in the business. said, content is keen to i have to ask about the tiktok deal. how big of a deal is it that microsoft lost the tiktok deal. ? phil: we were pretty public about how that played out. i don't have anything to say about how tiktok is working now. when i look at our growth aspirations in the consumer spaces of microsoft. our investments in gaming and reaching communities everywhere will be critical to our long-term success with gamers. trump administration is pushing u.s. gaming companies on their ties to tencent. that means fortnite and league of legends, which are hugely popular on xbox or it what is microsoft's position in this geopolitical tug-of-war? what if they start cracking down on fortnite and league of legends? a long-terme taken approach. people should play the games they want to play with the community they want to play with on the devices they want to play on. that's central to our strategy. we work with global partners to do t

. >> ironically, i downloaded it a few nights ago to see what my kiddo is posting with the fortnite videos. right now, we understand oracle is in talks to take a majority stake or large stake in tiktok. doesn't this come at a time that could benefit oracle in these negotiations, isn't it leverage? >> that's a possibility. right now, two offers to take over tiktok from microsoft this deal with oracle would be to have oracle become the trusted technology partner. it's not exactly clear what that would mean, we've seen some reporting suggesting a 20% stake in the company and walmart might be involved in the partnership. but the open question is whether or not that deal could even go through with this ban, makes it more likely or less likely. there's a lot of uncertainty. so for any deal to go through, it's going to have to get approval from the u.s. regulators and chinese regulators. very difficult. >> we only have 90 seconds. i have two questions for you. we'll move on quickly. i think we need to mention that we chat is another chinese app that could be gone as of sunday included in this exe

i just want to like -- moms of young kids, if you can avoid "fortnite" at all costs, it is like heroint first i was just opposed to the guns then the guns just become secondary to the addiction because it, like, keeps them on it so we've had a lot of conflicts about trying to tear him away. but it's like also the way that they talk to each other. he can talk to his friends so it became a social thing. this has become -- >> seth: that's sort of how you're justifying it it's the socialization >> yeah. exactly. yes. >> seth: it's like -- it's like, yeah, my - you know, i don't want my kids to take heroin, but that's like how they see their friends [ light laughter ] >> when you put it like that it doesn't sound so good. but yes. that's basically what it's come down to. and now he plays a lot >> seth: it seems -- it seems so long ago now, but when this first started, some of my first guests, after we shut it all down, were poehler and maya. and we were talking about the talent show. i know the -- sort of the "snl" women of that era, your kids did a zoom talent show >> yeah. >> seth: is eli

google kicked and booted "fortnite" off its play store for the same reasons.ther ways to get "fortnite" but not the case on iphones. ashley: difficult to get into a fight with a company the size of apple. susan i want an update on colin kaepernick. he is making a return to the field kind of, but not the physical field. susan: virtual comeback, kaepernick on the nfl videogame madden 21. he has been absent since 2016. ea sports says kaepernick is back. explained the decision, we want to make madden nfl a place that reflects colin's position and talent. rates him as starting qb, empowers our fans to express their host for the future of football. kaepernick has higher rating than current stores like cam newton and josh allen among 17 others. madden is only exclusive videogame can use likeness of the players. a huge moneymaker. multibillion dollars in sales. players during covid with a jump of 30% according to ea sports. ashley: interesting. susan, thank you very much. sticking with sports, iconic sports memorabilia up for auction. how about a 1953 mickey mantle ba

he also views companies like tiktok and the video game fortnite as competitors.rvive long term but they don't need these exclusive windows for movies, that people will just go to them because they're unique venues. i've got more of his thoughts in my street wise column this week, barron's magazine. jack: and you've been concerned about netflix taking on so much debt to build that library of content, but they seem to be doing okay. >> this year, actually, the spending has been cut down by the pandemic, so it's kind of helping the free cash flow. jack: interesting. listen, we wouldn't be bare ron's if we didn't get actionable ideas. carlton, you've got a stock idea. >> sure. we're taking a look at citigroup. the bank is trading well below book value, but it's recently gotten some analyst support, and it named a new ceo, jane fraser, who'll be the first woman to lead are a wall street bank, and this could be the beginning of that comeback that investors have been hoping for. jack: and if jeremy siegel is right about interest rates, we'll see better rates from the ba

in just three years, fortnite has racked up hundreds of millions of users hosting celebrities, celebrationsopular dance moves gone viral that may well define a generation. the game's creator, a generally under the radar billionaire, who avoided the spotlight until slamming apple and google with explosive lawsuits accusing the tech giants of illegally using their alleged monopoly power to suppress app developers

company calls it the most powerful games console yet get your fortnite ready.this year the battle for the senate heating up as the fight for the supreme court intensifies. we are tracking the money and who gets it and why it matters for you. >> announcer: today's big number, $118.9 trillion. that was the network of u.s. households during the second quarter. according to the federal reserve. that nrl'seay 15% jump from the prior quarter, hitting the highest level ever and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. to deliver your packages. and the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. >>> we are seeing futures stabilizing. the dow down nearly 1,000. t

they have a 40% stake in fortnite game maker epic >>> goldman sachs has reported two workers tested positiveors and believe the exposure happened outside its office. days after jp morgan confirmed a worker both firms preparing to bring more people back to the office >>> video game developer unity to begin trading after pricing its ipo at $50 a share above the expected range value of the company at $13.7 billion. unity wraps up one of the busiest weeks for ipos this year and in a long time highlighted by the snowflake wednesday debut. does mean we don't need people in a physical place to make things happen. >> absolutely. the cloud is making things happen >>> back to the markets with a selloff. looking at the nasdaq futures. up about half a perfect after yesterday's 1% selloff next guest says 10,900 is the important level to watch the director of services and contributor. thank you for joining us >> thank you for having me >> you see the support level closed just above that yesterday. what happens if it falls below that >> i think that's where it could get a little ugly. it just represents th

pretty big gimmick companies around the world, with many users, including epic, the studio behind fortnited also riot games, which has league of legends. the administration wants to understand how that data is being used, and at the most extreme, they may push for tencent to divest some of these stakes that they have in these companies. the all-time midwest pedigree, the university of chicago school of economics. is this capitalism? i know you were not talk the stuff in the university of chicago, but the bottom line to me it is corporate dominance by political parties. is this going to have legs to it? will this continue to move into the future as trump wants it? is certainly not the free-trade philosophy that you would hear in business school. trump has taken a different tactic come as you have seen. probably most pointedly, we are seeing it with tiktok where they are forcing the parent company to give up control over tiktok, which has been this huge app challenging facebook in terms of online advertising. that view is under review by the trump administration. it is not clear whether they

epic had sued apple last month after the iphone maker removed fortnite from the app store, alleging thets contract by launching its own payment system. rishaad: let's have a look at what is going on in major indices across this part of the world. high on the heels of what we saw on wall street. we have concerns about the covid-19 vaccine being delayed. astrazeneca suspending its trials due to an illness. quickly looking at china. is going on as they head toward their lunch break. we are seeing the tech side of things. 10 year yields on the way down marginally as people look for a haven. more on the way. this is bloomberg. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. juliette: it is almost 11:30 a.m. in singapore. we are in the middle of the trading day. --have holdings in china have surpassed the home market of singapore for the first time. this follows gains in companies including alibaba group. let's get the first word headlines and head to new york with karina mit

the iphone maker removed fortnite from the app store, alleging the gaming company breached its contractn payment system. epic filed a similar suit against google. shery: coming up, we will speak with the northern trust cio bob brown about what will drive markets in the next five years. will be also speaking said the ceo of a luxury watch brand. telling us about unexpected cells bump. will have plenty -- unexcited sales bump. we'll have plenty more ahead on daybreak asia. this is bloomberg. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. shery: welcome to "daybreak asia ." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. our top stories this hour, asian stocks look set to resume declines after heavy losses on wall street. the selloff gathering momentum with tesla suffering its worst ever rout. astrazeneca putting its vaccine trial on hold. the drugmaker

. >> reporter: if this season turns out anything like last year for the fortnite, it will be hard todentify a so-called feature running back. last year raheem mostert was elevated to the top by the time the post season rolled around. camp this year has been a new persons for mostert, who spent five summers just trying to make a roster this time of year, much the less getting the luxury of veteran's day off. >> it was nice. itself had a vets day in six years. so it was a first ever. i still go out there and do special teams reps. i just know that when it comes down to it, you're going to get one of three or four or five running backs in that room. you're going to get the best out of them. >> reporter: the new guy in the mix this year is gerick mckinen. after two years of injury rehab, he has yet to play in a game a san francisco uniform. >> the last two camps i didn't maybe it through, so to make it through this one definitely feels good. it's been a long time running. so i'm just ready to get this thing started. i've been putting myself in game situations and game-time expectations a

you don'tt fortnite, need an actual game disc anymore.h the new consoles, you will need those physical games, and that is where gamestop comes in. amazon is the target for ryan, but amazon itself is looking to peloton, looking to take aim at its market. is ais instance, peloton tempting target given what it has done this year. amazon today launching a prime , price tag, $500. thanoton bike is more $1000. this prime bike is only for prime subscribers and comes with fitness subscriptions. peloton shares did fall as much as 6.7%, but they did pare some of their losses. a couple of analyst notes coming out, indicating this prime bike will have less of an impact on peloton and people thought. apparently there is already a lower tech version of this bike being sold at walmart and it has not done much. i don't know if you are a fan, but the content is also pretty ton.ing compared to pelo there is no one to drive the faithful. vonnie: all sorts of exercises for everyone. talk about september and tech. you have done some digging, you have come up

games, creator of "fortnite" asking a for punitive damages and restricting the game-maker from what it calls unfair business practices. as you can see it is not herring apple's stock. it is on a tear. that is up 4 1/2%. that brings us to charles payne. charles payne, had the cp effect day after i suggested it. but you came roaring back with it. charles: sometimes it is delayed, david. sometimes it is delayed. david: understood. charles: thanks a lot. good afternoon, i'm charles payne, this is indeed "making money." yes the market is back in rally mode. the question is was that three-day air pocket the pause that refreshes or should investors remain cautious. and buff is buying technology. what the "oracle of omaha" is doing to the cloud area that could add even more credibility to those stocks. meanwhile americans are spending again in the most likely stock winners have been brick-and-mortar names on the endangered species list. how can you invest in that comeback as well? plus the need for law and order seems to help president trump. the new numbers that have him in a dead-heat with j

the literal powerhouse ushering call of duty and fortnite into the future, jumping on a street-high pricek is up 4% hitting a new all-time high actually earlier in the session. all of this as intel is launching a new beast of its own in hopes of total laptop gaming domination. one of its closest rivals is feeling the hit. intel's ceo is here coming up next. i've always been fascinated by about what's next. and still going for my best. even though i live with a higher risk of stroke due to afib... ...not caused by a heart valve problem. so if there's a better treatment than warfarin, i want that too. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? reeling in a nice one. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more eas

apple filing a counterlawsuit in the legal battle with "fortnite" creator epic games, seeking unknownunt of damages for the gaming company's alleged breach of contract. melissa. melissa: a dose of help. u.s. health experts are waiting to find out if the company can have a safe and effective vaccine by the end of the year, maybe sooner. our own edward lawrence is live in washington with details. edward? reporter: melissa, two companies have publicly said they will have enough date to submit for approval of the vaccine in october. talking about astrazeneca and biontech. moderna will not be far behind. all three vaccine makers in phase three trials around the globe. president trump making sure that voters know that. >> we've done a great job with covid. we've done a great job with the china virus a great job. whether it is ventilators or whether it is vaccines which you will be seeing very soon or therapeutics, we've done a great job. reporter: an to justify early approval, nine vaccine makers signed a pledge that they will follow guide loons established from the regulatory agencies from

through the app store heats up there's a countersuit between apple and epic, the video game maker of fortnited in in the criticism. >>> we got news on american airlines a moment ago. now there's other news from united we'll turn to phil lebeau. >> take a look at shares of united remember, it was just a few weeks ago that the company said as part of the planned furlough, 16,000 employees on october 1st, it was going to furlough about 258 pilots. the union has reached an agreement in principles so there won't be pilots furloughed you're not seeing a lot of reaction, because to a certain extent, there was expectation on wall street that they perhaps could be an agreement like this. now we have learned that united pilots and the airline have reached an agreement in principle to avoid 2,850 pilots being furloughed october 1st guys, back to you. >> julia, you know you've been watching american tower and its impact on 5g it'ses -- its position is as the largest owner of wireless towers across the u.s. with 40,000 nationwide. it's helped to profit from this new standard the stockis up over 40% from t

but fortnite and other gamers are not getting that, because apple says gaming entities don't really havess or a physical event, services. what do you think about apple? >> yeah. look, as you know, i was a big backer of android and apple ten years ago when we got started. i'm kind of [ inaudible ] and look, i think these are private app stores fundamentally. apple and google and anyone else who wants to launch a store has their own devices and they can make their own rules. those rules have evolved continually for the past decade and probably will for the next decade as well. so i think gaming companies in the free-to-play space are going to keep paying 30% at least on the apple store. other stores can offer different terms. i think gambling companies like rush street interactive, for example, my first spac deal, they operate outside the store. liz: we are going to get cut off here. you know -- you do know about advertising. it helps pay for the bills. good luck to you. thank you. we'll be right back. [ thunder clap ] greetings mortal! your journey requires liberty mutual. they customize

the tech giant countersuing epic games, the creator of fortnite, that super-hot video game.off in a battle over app store fees since last month. apple not only now seeking to stop epic from implementing its own in-app payment system but also seeking lost app store fees and other damages from the game maker. apple has also blocked epic from launching updates and new apps in its store until this battle plays out. epic's big stake holder is tencent. tencent is down 3% but apple is really taking a hit here, down 5.9%. apple is now below $114 a share. it's at $113.82. >>> we have more on apple and its coming 5g phones later in the show but in the meantime, to other, yes, to other all kinds of gadgets. fitness fanatics are just 15 hours from peloton opening the flood gates. the new bike plus as it's called and a lower priced bike go on sale 7:00 a.m. tomorrow, as the brand continues to expand its line of products with a new treadmill as well. the ceo john foley will be joining us on "the claman countdown" this friday to talk about earnings and how his fitness powerhouse has become

apple steps up the legal pressure on epic games, the maker of the popular game fortnite. apple is counter suing the company for breach of contract for operating its own in-app system. it is seeking punitive damages. epic sued apple and google last month after they pulled the fortnite game from their app stores. apple and google get 30% of in-app purchases. apple shares in the premarket, trading this way, a dow component, and it is up 3 and three quarters percent. broad market positive this morning, apple lifting a few boats following yesterday's selloff. look at the bounceback this morning. the dow industrials fell better than 600 points yesterday and is rebounding this morning, 175. the nasdaq now yo in correction territory with a 465 point decline yesterday, is now bouncing this morning. all six major tech stocks all lost more than a trillion dollars in market value in just the last three days. joining me right now is disruptive tech research founder, chief analyst, lou ba bassineste, dagen mcdowell and mattie duppler. lou, let me kick it off with you, ask you about the

life-like games and fortnite are moving to life-like games. cutting price by a thousand bucks. stuart: wait a second, i look at some to have video games and they are life-like already. susan: think of it as 3d almost, very impressive technology and, you know, nvidia is benefiting from the ship to the cloud, benefiting from gaming and data centers and just going away. stuart: a couple of months ago we were saying that nvidia it was heavy-duty stock. susan: it's obviously breaking out. stuart: off to the races. make them look life-like and you win. check the big board, up 148 points. that's exactly half percent. 28,788. what's the yield on the ten-year treasury he asks, .68%. what's the price of gold? it is 19.58. down 20 bucks today. bitcoin, haven't checked that for a while. okay. forget that. i'm not sure where that is on the screen. have we got the price of bitcoin, no, we don't. we have oil, $42 per barrel. i have a quick programming note for you, yeah, this is important. 2:00 o'clock this afternoon eastern time charles payne hosts a virtua

they've navigated some of those issues whether it was netflix in the past, fortnite that's somethinge to keep an eye on at the end of the day there's a sim ymbiotic relationship betwe developers and the platform. that's why it's good to keep an eye on tiktok and wechat the more access you have to apps, the better the ecosystem flourishes >> right what's a fair price for this company right now? >> well, we've put $133 target price on it. i think this is a stock that can -- obviously is trading above the market we think right now this is a beneficiary. you should get a premium from that in the market case in point, my home broadband is down, i'm using my iphone and air pods to communicate with you all this morning that's what you need to work, right? i think our sense is that they're going to get a nice boost again from this latest product cycle because these products have become more indispensable than ever. i think the stock will get back up above 130 >> how much of that, though, do you think is a pull forward? i've talked about this on the show we've ended up for our family, benefic

that has been a source of complaint from fortnite, the fortnite maker, apple tomorrow might be positive the stock since were expecting a new watch and also an ipad but this complaint continues to go one. stuart: is apples i store. susan: app store. stuart: they created it, they can figure it out. susan: that's what they're saying and protecting user. stuart: fox business alert to los angeles county deputies in stable condition expected to survive after being ambushed while sitting in the patrol car, president trump swiftly and strongly condemned the violence, joe biden responded with tweets from his basement, we will dig into that for you, failed democratic candidate told president bloomberg pledging to spend $100 million to be trump in florida. we have that story as well, first the futures, monday morning tuning in, a lot of green were going up on the dow, the s&p and the nasdaq, we'll be right back. ♪ do a good ♪ whatever you do ♪ your rates just because of an accident, even if it's your fault. cut! sonny. was that good? line! the desert never lies. isn't that what i said? no you were

i say get off the fortnite. and he says, papa, papa, i'm not on the fortnite.he page to see when the new episode is up. >> papa, papa. >> we're helpless. >> katty, that sounds amazing. her podcast is going to be great. it's out today. i also want to shout out jon meacham's podcast. every episode is about a speech in history. the first one is dr. king's final speech in memphis. then they go to bobby kennedy's speech in indianapolis the night king was shot. president obama's sermon in charleston, reagan's farewell address. in each episode, it just takes apart one of those speeches. it's really incredible. >> it's so incredible. it's such an incredible podcast. meacham. what a found listening to his podcast, he's really smart. >> and he's got the voice for a podcast, you have to say. that's called, it was said. really good. very excited about this guest. joining us now, actor, author, john lithgow. he's got two tonys, six emmys, golden globes and oscar nominations to go with it. the author of "trumpty dumpty wanted a crown." it is coming out on tuesday. a follow-u

talking , i used to be the cool father at school because of call of duty, and along came a game called fortnite, which took over the world. the most agile leader makes decisions very quickly, very smartly with the right people around him, and he knows how to take a battleship and turn it with agility. it's something that's absolutely crucial to these challenges that are coming forth. >> lets just all remember everyone who is watching, that there was a plan for covid-19. it's the biological annex of the national response framework. it is not a failure of imagination. i've been part of an exercise where we've seen responses. we are trained, prepared. what happened? that was not a failure of imagination. it was a failure of doing and done. onthis report really focuses adapting to the challenges we face in 2020. bureaucracy is slow to move. i would be interesting to know, what are the challenges of the in 2030?he challenges you wrote about a bioterrorist scenario before we had the covid-19 pandemic, and we've seen how that is playing out. i would be really interested in what you think we need to be

people are talking about election week or election fortnite rather than election night.longer than weaker fortnight. we look at some of the options positioning and markets, so we brace for uncertainty around the. howdy emerging markets -- how do emerging-market assets brace for that? there is the turkish lira, could it get to 8 lira to the dollar. this has to do with armenian forces continuing to clash. that is very specific around turkey. let me ask you about emerging markets more generally. how do they fare as we head into what you have already described as a fairly uncertain couple of weeks around election? trevor: i think emerging-market quite tend to be sensitive to swings in the stock market quite generally. they will probably sell off a bit more. one of the uncertainties of this particular risk is the currency. tend to do aets lot better when the dollar is weak. to really boil it down, emerging markets tend to give you the best returns when china is strong economically and the dollar is weak. over the summer, we have that combination of a stronger chinese recovery