cory: i think the biggest focus will be the management issues and whether or not jack dorsey could do a half-time job and when the change will happen. it will have to happen at some point. certainly come of the performance of twitter and perhaps square as well. bob: the other question i have for square is as we start to see the banks get much more involved with these sorts of transactions, easier transactions, they are coming from a position of power. can they really weigh in more than they actually have?

. >> jack dorsey took over a year ago.e established many initiatives. r, thank you both. coming up,i think this have to n sometime. i'm optimistic. [inaudible] chanos,till ahead, jim noted short seller, holds nothing back on the tesla-solar city tie-up and trump impact on tech stocks. this is bloomberg. ♪ emily: tech stocks have crept back slightly in recent days and many have been questioning what a trump residency will mean for technology. chanos'founder jim joined joe weisenthal and scarlet fu earlier and asked what president-elect trump means for big caps u.s. tech. >> i think there is some basic narrative about technology in silicon valley being out-of-favor, just like middle america was in favor. as we've said, who knows? it's too early to tell. >> prior to this election -- the recent moves aside -- did what we see in these big tech stocks look bubbly, like investors were casting aside rationalism about valuation? there are certain things we think are overvalued, and the business models are more questionable. and oth

i think, you know, the jack dorsey question is out there, of course. wants to know how does he do both, and might he end up only doing one or the other. i like it. i think it's interesting here. i like the space, too. >> seems like he's only doing one right now. seems like he's putting -- >> ooh, that was a takedown of jack dorsey. >> good we're not on-air. >> oh, sorry. >> but i will tell you, the street price targets are anywhere from up 10%, 20%, up 30% in the name, down 15% year-to-date. might not be bad to take a look at it. >> all right. sticking with tech earnings, facebook gearing up for earnings after the bell tomorrow. will the last of the fang stocks exceed expectations? a preview. mike. >> hey, so the options market normally we see about a 7.7% move. the options market expecting about 5.5%, translating to a $20 million market cap swing. most of the bets were actually bearish, but i will point out that 65% of the time the stock actually trades up, including the last four quarters. if you are looking for a way to make a bullet facebook, check

what is it like sharing a desk with jack dorsey?evin: when i showed up for my first work, i had this look of a we hired an intern. they were super nice to me. without that experience, i wouldn't have the passion for social media i do today. jack is super creative and an awesome engineer as well. it was great to meet them and learn from them early on. emily: what did you learn from them? kevin: sometimes you first idea doesn't work out. the place and at became twitter, but i remember odeo not quite working. and then keeping in touch with jack as they made that transition and realizing that often when you are a company, you need to pivot into something else. instagram had a similar history were we were working on a game and it turned into instagram. emily: the first instagram photo was of your girlfriend's foot, but it is maybe the first filter that was even more consequential. kevin: had i known that would be the first photo on instagram and that instagram would get the place where there's 500 million people using it around the world

emily: d you think jack dorsey should ban donald trump from twitter?st: i think he should have a long time ago, yes. emily: all right. dan mccomas, cofounder and ceo of imzy. thank you so much for stopping by. coming up, hp enterprise and the spinoff hp inc both reported earnings today. this is bloomberg. ♪ emily: you know about black friday and cyber monday, but now ebay is hoping the idea of mobile wednesday catches on. the idea is to get those headed to thanksgiving dinner to buy goods while on the road. slowestthis is the november for online sales since adobe began collecting data in 2012. after the close of hp enterprise and its spinoff printer business, hp inc. reported results. it matched estimates, but there are slowing sales. ceo meg whitman outlined where she sees growth for the company. take a listen. >> with this portfolio, we estimate we have a total addressable market of over $250 billion. within that, there are areas of iot-growth, like industrial . we are already well positioned to lead in these areas, and you will continue to see us in

cory: i think the biggest focus will be the management issues and whether or not jack dorsey could dof-time job and when the change will happen. it will have to happen at some point. certainly come of the performance of twitter and perhaps square as well. bob: the other question i have for square is as we start to see the banks get much more involved with these sorts of transactions, easier transactions, they are coming from a position of power. can they really weigh in more than they actually have? may have given square a fair amount of running room. will they start to catch up to them? emily: so, alibaba coming up later this week. we have a letter from jack ma to shareholders that alibaba will have to differentiate itself more from regular e-commerce companies. you have to be something more, which rattled investors momentarily. recent.day was cory: it was fake. bob: it's a fake. cory: they sell it over the course of many days. they already have pr people out there. it is the biggest shopping day of the year. they might record them in one day but it happens over time. that is exagger

now a brit of a caveat until the judge made dera elsewhere, the twitter account of jack dorsey, it was suspended. twitter, i'm looking at his account here, he said i'm setting up my twitter again, it was an internal mistake. interestingly, he has the same followers as ayman. he has 3.1. ayman has 146,000. >> i wonder if mine will be shut >> one thing i'm thankful this thanksgiving, you are inviting to my thanksgiving table. i'd have you any time. >> it would be fun to have you have the rest of the team is already gone. >> just ahead, a preview of the thanksgiving weekend blockbusters. plus a talent overload in the latest white house mannequin challenge. you are watching "early today." you are watching "early today." ( ?? ) come on, dad. ( ?? ) ? they tell me i'm wrong ? ? to want to stand alongside my, my love ? ? whoa, talkin' 'bout my love ? ? talkin' 'bout my, my love ? you ready, dad? ? whoa-ooh ? ? ooh-ooh-ooh-ooh-ooh, ooh-ooh ? the ultimate surprise. for your eyes. new olay eyes ultimate eye cream. ? whoa-ooh ? for instant results of the number one prestige eye cream, with new ol

emily: if you were jack dorsey, what would you do differently?: that is a hard problem because you have so many years of this pervasive problem. i think he needs to lay down the law. he needs to ban a lot of people. he needs to stop a lot of behavior. he needs to take actions like not allowing anybody to participate on twitter without verifying their email address. there are simple actions that people are not taking because they need to focus on growth at all costs and these are some of , them. i wrote a post recently about this. there is a lot of simple things, focusing on making sure that people have the right identity so that they can be authentic. there is a lot of easy things he could be doing that they are not. emily: what about president-elect trump himself? who certainly -- he has not taken a break from twitter at all, to the surprise of many. you've got a survey that came out today saying that most people would like him to shut down his personal twitter account. how should trump be behaving? dan: i think he should be banned from twitter.

that kirkpatrick who did interview, suggested earlier this week that jack dorsey is taking a more clinicale are seeing mark zuckerberg being more a political. sarah: zuckerberg, it is important to them personally to appear unbiased. tosaw how facebook reacted the dispute earlier this year around trending topics what it was reported there might be liberal bias in the story selected to be trending. facebook almost overreacted to that. they fired an editor, they invited conservatives to headquarters to learn more about the newsfeed. this is a very tricky place for zuckerberg to be in. it is not want to be the arbiter of truth. he does not even want to block biased opinion mongering news, opinion masquerading as news. those will be the most difficult articles for facebook to try and restrict. could be easy, but those kind of things that are trying to persuade people are on to be harder. this is bloomberg. jennifer -- emily: jennifer, do you think they needed take an active role in curating? neverer: facebook has promoted itself as a new site. i think putting that responsibility on them from a

he remains optimistic for the future to have site under the c.e.o. >> jack dorsey took over a year agohe established many initiatives. i think this have to begin sometime. i'm optimistic. mily: still ahead, joe lonsdalejoins us and how a trump presidency may impact track. -- tech. this is bloomberg. ♪ emily: let's turn to the global forum in riyadh and how it might help divert saudi arabia's -- away. what will peter t hinchel bring to president elect donald trump's transition team? >> he is one of the smartest people i know. joe: peter is one of the smartest people i know. what is unique about him is he is able to look at things from a contrary in perspective. the way he maps out the world is not the way people in the media talk about what matters. having peter there will give him a perspective. >> what do you think his priorities will be? joe: i'm not sure what his priorities will be. i think he has a lot of common sense around things that matter for the tech sector. lot of the regulatory reform. i think peter really believes in making america a place where you are continuing to advan

. >>> to today's top trending stories, jack dorsey was suspended from twitter.der's page was taken offline according to what dorsey called an internal mistake. when his account was restored, he tweeted just setting up my twitter again, relating to the first tweet he sent ten years ago. >> he looks so young still. >> users can deactivate accounts on twitter, but only the company can suspend accounts. there's been a lot of talk about them doing this with fake news and abusive accounts as they try to tackle this hate problem. they continue to be under pressure. >> still no real explanation. >>> apple may be bringing back an old-style of cell phone. the company has granted a patent yesterday for a device with a foldable, flexible screen. apple's applications features a touchscreen smartphone with a design made popular by clam shell phones that open and close like a notebook. >> the flip phone? >> fayes. it's unknown if apple has this design in the works already. i like that. make these epic phones we like so much smaller. >> back to flip phones? >> it's small in you

he remains optimistic for the future of the site under the c.e.o. >> jack dorsey, my friend, just tooka year ago. he established many initiatives. related to sports, nfl and otherwise. i think this have to begin sometime. i'm optimistic. we still believe that the best days are to come. emily: still ahead, joe lonsdale joins us and how a trump presidency may impact tech. plus jim chanos chimes in on president elect trump's impact on tech stocks. this is bloomberg. ♪ emily: let's turn to the global forum in riyadh where global coast and tech pioneers are talking about innovation and how it might help diversify saudi arabia's economy away from a reliance on oil. erik schatzker sat down with joe lonsdale, co-founder of palantir technologies. the question, what will peter thiel bring to president elect donald trump's transition team? >> he is one of the smartest people i know. what is unique about him is he is able to look at things from a contrary in perspective. the way he maps out the world is not the way people in the media talk about what matters. having peter there will give him a per

last night, people who searched for jack dorsey's profile got an error message. he said the suspension was the result of an misseating. some mistake. >>> we all know the holidays are fun. >> yeah, but they can also be stressful especially on our pocketbooks. experience surveyed americans about their holiday spends. 48% spend more than expected. 44% feel obligated to spend more than they can afford. if you want to spend money, make a gift list and look for ,, ? to me the holidays are special, it's family traditions and of course great food. with all the things we could worry about over the holidays, turkey shouldn't be one of them. (laughter) i'm very proud to be a turkey farmer. i'm proud to raise turkeys with no growth promoting antibiotics, hormones or steroids. my name is tammy plumley, >> police are looking for the person who set a homeless man on fire. that is where we begin tonights reporter brief. >> adams county deputies are looking for a dangerous suspect who set a homeless man on fire in front of this november 6 around 10:00 p.m., a man known as matthew

. >>> all eyes on square and embattled ceo jack dorsey. doubling down on his support of trump, but is it enough to win the hearts and minds of the valley? we'll discuss that on the other side of this break. y with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. is it a professor who never stops being a student? is it a caregiver determined to take care of her own? or is it a lifetime of work that blazes the path to your passions? your personal success takes a financial partner who values it as much as you do. learn more at tiaa.org >>> welcome back to "squawk alley." final jobs number before the election is coming up friday. all the major indexes are in the red for october, their worst performance since january. check out the price of rbob gasoline. trading at the highest levels since june because of a colonial gas pipeline explosion in alabama where reports are that one person died, five injured. that, raising questions, kayla, about wholesale distribution

. -- whathat about that about jack dorsey having his two jobs? i think it's easy to question. people like me would like more out of twitter. clearly divided in the way jack spends his time, as a shareholder, it would be reassuring if he was entirely focused on twitter. i would like to see them work on the things they need to do from a product and cost structure standpoint and be open to opportunities, to be independent, and to make a sale of that seems appropriate. emily: when you joined microsoft, you didn't get a single share. is that true? steve: that's complicated. i never had stock options. it's written on wikipedia that i made money on stock options. i had three quarters of the company and that's been the source of my ownership. own like 4%ou still of the company? steve: i still own what i own. that is not a thing i disclose. with the stock at 60, you have to consider how good a job satya nadella is doing. emily: you held onto your shares. why have you held on to them? steve: i believe in myself. i owned a company that i believe in and it's

emily: what about jack dorsey having his two jobs? steve: i think it's easy to question. le like me would like more out of twitter. the ceo is clearly divided in the way jack spends his time, as a shareholder, it would be reassuring if he was entirely focused on twitter. emily: what would you like to see? steve: i would like to see them work on the things they need to do from a product and cost structure standpoint and be open to opportunities, to be independent, and to make a sale if that seems appropriate. emily: when you joined microsoft, you didn't get a single share. is that true? steve: that's complicated. i had a profit share i never had , stock options. it's written on wikipedia that i made money on stock options. never had any. i had three quarters of a percentage of the company and that has been the source of my ownership since then. emily: and you still own like 4% of the company? steve: i still own what i own. that is not a thing i disclose. with the stock at 60, you have to consider how good a job satya nadella is doing. emily: bill gates and others have sold

eventually, twitter's ceo jack dorsey stepped in an fixed the problem. >> the internet, obviously, is a tremendous communication mechanism for democracy but it's didn't like in our democracy that we didn't like to begin with. >> twitter has suspended and banned some users about texting votes. there's no state in this country that allows text voting. >>> well, we hope that you will tune in for our special election night coverage. channel 33, cable 6 will be bringing you up-to-the-minute results and expert analysis. jeff giln, denise rosch, will be having coverage. >>> the labor department jobs report shows 160,000 jobs were added. unemployment dipped to 4.9%. donald trump called the numbers phony saying they are not accurate because of people not actively looking for work and they are not included in the numbers. >>> a spokesperson for the new york police department says robbery suspect. a second officer was hurt. that officer's condition at this time is not known to our news team. that suspect was also killed in the exchange. the shooting happened over three hours ago in the bronx. yo

kevin system turned on a job in college, showed a desk with jack dorsey as an intern with what becamewitter and then watched instagram as we know it. just two years later, he reunited with zuckerberg to make silicon valley history, green to sell instagram to facebook for $1 billion. the company had just 13 employees and 30 million users. today, over half a billion people on the planet use instagram every month sharing more than 95 million photos and videos a day. joining me today, instagram cofounder kevin system. joiningu so much for us. kevin: thank you for having me. emily: you were born in massachusetts. kevin: home of the panthers. emily: what kind of kid were you? kevin: nerdy. i do not know. i was relieved to cross-country running. emily: you were on the lacrosse team? kevin: the third lacrosse team. i was not a jock. emily: 20 to become interested in technology? kevin: i just play video games all the time on the computer. i learned you could create your own levels, and the programming and then i took classes in school and i wanted to make my own games, something that really in

kevin systrom turned out a job for mark zuckerberg in college, shared a desk with jack dorsey at an internat became twitter and in 2010, launched instagram as we know it. just two years later, he reunited with zuckerberg and made silicon valley history, agreeing to sell instagram to facebook for $1 billion. the company had just 13 employees and just 30 million users. today, oha

kevin systrom turned out a job for mark zuckerberg in college, shared a desk with jack dorsey at an intername twitter and in 2010, launched instagram as we know it. just two years later, he reunited with zuckerberg and made silicon valley history, agreeing to sell instagram to

kevin system turned on a job in college, showed a desk with jack dorsey as an intern with what becamen watched instagram as we know it. just two years later, he reunited with zuckerberg to make silicon valley history, green to sell instagram to facebook for $1 billion. the company had just 13 employees a

details on how jack dorsey's other company performed in q3.nd a stronger yen and earthquake sink sony. we will break down the electronic giant's nosedived. shares of electronic arts are higher in after-hours trading after beating analyst estimates. it's the first of a handful of videogame publishers reporting this week. adjusted earnings fell on revenue that also fell 4%. investors are watching guidance for the holiday quarter. ea raising its forecast lower than some analysts estimated. joining us now to discuss are my guests in new york and l.a. what would you say are the high points here, moving into the biggest quarter of the year for all game makers? guest: the key point is ea continues to deliver a very strong results. the core franchises, the sports games are performing very well with fifa engagement up year after year. all in all, the new games are doing very well in the early stages and it looks like the company is executing on its strategy well. emily: ea is mostly known for its sports titles. how do you expect the categories to stack

tweeting privileges of jack dorsey were temporarily revoked. the social media accidentally suspended his account. he called it an internal mistake. after twitter removed accounts of those with hate speech and threats of violence. the government wants smart phone makers to come up with new when users are driving part of guidelines for the national highway traffic safety administration. drivers would still make calls and use gps but you would not be able to text or surf the internet. probably a good idea. >> cathrine: yeah. >> hello. i'm meteorologist jon loufman, a veritable cornucopia of clouds out there. everyone wants to know what it will be like. black friday forecast, have some leftovers and second helping on thanksgiving is justified. leftover gray skies tomorrow. kind of drizzley. every once in a while a light westerly breeze. seasonal temperatures in the 40s. i will get to specifics in a moment. speaking of apps and mark was, this is our cleveland 19 news weather app. you can download it and get the radar and customize it to your neighbo

details on how jack dorsey's other company performed in q3.inks sony.e the japanese electronic giants nosedive. shares of electronic arts are higher in after-hours trading after beating analyst' estimates. --andful of the video game to one point $1 billion. investors are closely watching the guidance for the holiday quarter. they are raising their forecasts, but still lower than some analyst had estimated. andael pastor and l.a., matt kent german -- matt kente rman. eathe key points, is that continues to deliver on strong results. the core enterprise and other sports games are performing very well with engagement up significantly year on year. out,have new games coming battlefield one and titan fall two. they are all on a good start. these are in early stages. it looks like they are executing on their strategy well. emily: you mentioned the new shooter games. for its sports titles. how do you expect the categories to stack up? >> sports is pretty stable. basketball has faded into obscurity. they are every other year with golf. overall, you are

emily: you think jack dorsey should dan donald trump from twitter. >> i think he should have a long time ago. emily: still to come, with billions of dollars on the line and the president-elect promising to unravel a trade deal six years in the making, we will focus on the future of the u.s. and china's trade relations. after a year of megadeals, does the new administration signal a change in the m&a pipeline? this is bloomberg. ♪ emily: trade continues to be a hot issue in washington. president-elect trump made clear this week that he plans to follow through on a campaign promise to unravel the transpacific partnership, a key policy of the obama administration. >> on trade, i'm going to issue a notification of intent to withdraw from the transpacific partnership, a potential disaster for our country. instead, we will negotiate fair trade deals that bring jobs and industry back on to american shores. emily: just last week, president obama met with leaders who vowed to fight protectionist policies in peru. >> when it comes to trade, i believe the answer is not to pull back or try to erect

jack dorsey has remained steadfast that twitter is not about censoring speech. to think that twitter is restricting free speech? >> you know, i think that it's an important question ultimately the issue is that companies have the right to restrict it as they see fit and so twitter has the right to do this there is not a first amendment issue question i think the real question is whether they have a responsibility to be transparent about what they are doing. >> is there a slippery slope concern first you start banning right groups and you know where you go from there? >> yes. i do think that that is a concern and personal it's important for us to distinguish hate speech and hate speech from harassment. these are different categories that are different issues and i have heard from a number of users who are concerned that right now there is a certain group of people being taken down . not sure that many of these companies have done a good enough job of clarifying what hate speech means to them. >> for those of us who may not know twitter last week did ban some site

. >>> jack dorsey's twitter account was suspended monday for a short time. weird because jack doesn't tweet anything naughty or mean. he also happens to be the head of twitter. once his account was restored, he tweeted out it was a mistake, guys. when you shut off your own boss. that's a big deal. >> good thing they got that one corrected. thank you very much. >>> popular brand of minivans being recalled. toyota is recalling for mon 800,000 sienna minivans made from 2011 to 2016. there was a pretty good problem here. the sliding doors of the vans were opening while the vehicles were moving. toyota will repair the doors for free. >>> roughly 6,000 sex offenders and gang members are on parole in california under watch using gps ankle monitors. the devices help police monitor violent criminals. as the investigative unit has learned. hundreds of parolees are caught disabling the devices every year. >> the words were spoken. they said, you can't do anything to me. so what, i go back 30 days, 15 days? it's no big deal. >> reporter: there was no incentive not to tam

the company accidentally shut down jack dorsey's account speculating it may have been hacked for ought mat -- or automatically shut down due to high number of complaints. when regained access he tweeted it was an internal mistakes about users fired back saying how many other users might face accidental shut down so i am sure it was expedited to get his account back open i doesn't know how many hours -- i don't know how many hours it was down but if you are a average joe. >> he had to rebuild the followers he had 4 million. >> now he is back down to my range. it's funny as you read that i was about to tweet and i said i need to hear this story. because if it can happen >> reporter: is it working this morning is your account working. >> i will write it send it out and we will see. >> reporter: keep us updateed. >> that will be breaking team coverage. >>> it's 5:09. a danger for dogs. we need this reminder. leftovers you should avoid giving your pets this thanksgiving. >> and bold predictions. matt granet is revealing predictions for the black friday deals. hi hollie. >> hi lynna and good

. >>> and a little bit more egg on the face of twitter after ceo jack dorsey's personal twitter account was briefly suspended. dorsey later saying it was a technical glitch that led to that. twitter couldn't find a buyer. it is unable to grow the user base for years at 300 million and stock is down 20% since the beginning of the year. it's down again after this latest little problem. hewlett-packard the two former companies that made it as one both with disappointing earnings. hewlett-packard enterprise saw a drop in revenue while hewlett- packard saw a rebound in computer sales. but its stock has taken a big dive this morning. hewlett-packard enterprise moving a little lower. overall the stock market taking a bit of a breather. let's go to the big board and see how we're doing so far. dow down 13 points. still hanging on to $19,000. nasdaq down 35 points. the s&p is falling by 8 points. michelle and kenny, back to you. and happy thanksgiving. >> thank you. happy thanksgiving to you. jason brooks from kcbs radio, thank you. >>> it is a feud that's been raging almost a decade. >> yeah. w

jack dorsey tweeting now, her breaking to say goodbye, any day but especially today.much love and respect for adam. a partner and a family forever. cory: and a former employee. anthony noto, really interesting guy. dartmouth football player, rising in the ranks of the dot com era. came back to goldman sachs as one of the lead tech bankers in san francisco. he went back-and-forth between the east and west coast. he went to twitter. he stays at twitter with a much bigger role. his company is really at an inflection point. they were unable to sell themselves, they were unable to add users in any substantial way. that is a problem for this company. if they had this great success, maybe adam bain could take credit for it. emily: they are looking for a new cfo. cory: i am saying here. emily: great responsibility. cory johnson not going through the revolving door. thank you. still to come, the election sent record tracking through social media sites like twitter and facebook. they have also been blamed for the rise of political divisiveness. whose responsibility is it? more

twitter ceo jack dorsey, very young, very rich, was briefly suspended last night from the very platform he helped create. once he was finally restored he tweeted that his brief excommunication was due and we're quoting now to an internal mistake. some twitter users had their own theory. joshua tweeted why? did jack say something nice about trump? allen miller wrote, hashtag irony. really? we thought it was probably the russians. of course it was the russians. much to learn tweeted this, we assume you displeased your masters. bound to happen eventually with no protection on free speech and ban for political views. finally, renee franks tweeted, glad you've now experienced what so many of your dedicated users have experienced, suspension for no logical reason. that's tonight's twitter storm. >>> up next, the trump children are said to be taking over the trump corporation. will that solve conflicts of interest that appear to be looming on the horizon. >>> also a record number of americans are traveling over this thanksgiving weekend. this year that means record security at travel hubs acro

. >>> jack dorsey's twitter account was suspended for a short time monday which is weird because jack doesn't tweet anything naughty or mean, and also jack is the head of twitter. once his account was restored, he tweeted out that it was a mistake. >>> a federal judge in texas has issued an order that will stop new over time rules from taking effect on december 1st. the obama administration had wanted to increase the number of people eligible for over time. >>> the judge agreed with 21 states that says the labor department went about it wrong. california did not sue, but we're affected in that the rules will not take effect here either. the rule would have increased the maximum pay you have to get to be eligible for over time. right now americans pay $23,660 or less are eligible for over time. the new rules would have increased that to 47,000 and change, brought more people into over time. do note california has its own over time rules. if you make less than 41,600 you're generally eligible for overtime. that means this ruling hits other americans harder than it does california. also,