let's get more insight from kurt wagner.howa dancing is very threatening to our national security, but i suppose the question is, is this just president trump trying to punish china or is there a real national security concern behind this? >> that has been the question for a number of months. we have seen a number of republican politicians, including president trump say that tiktok poses a threat because of all of the data it collects on american users. that that data is not abused, not stored in china. they recently hired a new ceo who came from disney, they have an office in los angeles. tiktok is trying to present itself as a very american company to combat this idea that trump has positioned it as a threat. as we are seeing now unfolding live, clearly, he thinks it is serious enough that he will, at the very least, make it a big headache for the company. forda: including plans bytedance to potentially ipo the whole package. withhappens from here tiktok, what companies may stand to benefit? assuming this is real, assuming

we want to get to kurt wagner.ee people who are now alleged to have been a part a this operation, including 17-year-old who just graduated from high school. tell us what we know. 17-year-old who was arrested today is a florida resident. i believe he lives in tampa. he's being charged with something, i believe, 30 different felony charges for what he and a few other people ,id which was, as we now know gain access to a handful of very prominent twitter accounts. this is just the latest kind of detail to come out of that investigation. twitter actually said last night that part of what happened with the employees were due to handing over some information and credentials via phone calls. we are slowly learning bits and bits about how this came together. yes, the arrest of a 17-year-old today is the latest news on that front. emily: what does it say about twitter's security if a 17-year-old who just graduated from high school was able to compromise this platform in such a massive and high-profile way? kurt: well, it's

i want to bring in kurt wagner who joins -- who does social media coverage.t have we seen in terms of facebook implementing this policy? kirk: it was announced in june they will start doing this, and i am told it only started coming into actual practice last week on friday. ofve already seen the label biden, trump and senator chuck schumer is on the list. the posts, it includes a link at the bottom of a facebook post that brings people more information. they're sending people to live usa.gov website and having them land on the page about voting. in the future, they want to bring people to a boating hub that facebook is creating for themselves that is just not live yet. basicallyttempt to educate people about the voting process as they see this come across their feet. emily: also, i wonder if it is an attempt to take a middle ground in the middle of all of this controversy about what facebook does and doesn't do when it comes to content on their platform? they are not actually fact checking these posts will correct? kirk: that is right. i think you're absolute

i want to bring in kurt wagner who covers the company for us. s like part two of the 2016 story? kurt: it certainly feels that way. was trumpew for 2016 really use facebook's targeting tool a lot more than hillary clinton. he ran a lot more ads. he was more specific in who he was trying to reach and what he was trying to get from them, usually an n.l. or phone number so he could follow-up with campaign requests and donation requests. the same thing here. 489,000t trump has sent different facebook ads compared to joe biden's 23,000. you look at the vast number to give a sense of how specific he is being. a lot of these ads are not seen by many people. he is trying to micro target and get people the exact messaging he thinks will be most relevant to them. emily: this in the middle of a facebook ad boycott that trump and biden have not been supporting. why isn't biden doing it? kurt: it's a good question. it was a question after 2016. there was a lot of attention paid to the democratic digital campaign at first. there was a lot of discussion of what

our bloomberg technology reporter, kurt wagner.n the next hour of "daybreak asia," the stock rally is running hot, but bonds, not so much. our next guest previews key central-bank decisions in korea and indonesia today. plenty more to come on "daybreak asia." this is bloomberg. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i am shery ahn in new york. asia faces a muted start ahead of a new eco-data from china that will gauge the post virus recovery. high onit a one month optimism about a vaccine. the pandemic rages on with the u.s. still the global focus.

kurt wagner covers twitter for bloomberg technology and joins us now from san francisco. getting a few updates from twitter saying that some functions are still limited while it addresses the incident. when can we expect functions to be back to normal? what is the latest? kurt: unfortunately, you know as much as i do. didcompany -- the company stop people from tweeting if they had a verification badge. at least some of those people are back to tweeting now. clearly, the company is saying they are limiting some functions. the fact that it has now been a couple of hours and they still do not know exactly what has happened or at least they are not sharing what has happened is certainly not a good sign. usually, these types of things are disclosed quickly after people understand what has been fixed. suggest this is an unusual type of hacking? do we think this is more serious and different? kurt: i think so. it is evidenced by the group of people who were hacked and the fact that they were all hacked at the same time. we are talking about leaders of the financial industry, lea