it has managed in the past analysts are talking about how especially here in the western world peake facebook might have been reached so facebook must do something to increase traffic on its platforms after the recent purposes scandals will users give facebook to have banking details. well that's a big question of course and if you look on the internet in the discussion platforms about this story the majority of people there are appalled about the idea to you know share your banking data with a company like facebook so obviously the banks are walking a very very fine line here but also they have to follow the trend at the trend goes tech the banks have to make sure not to lose too much of the payments business to the tech companies. for such a long time they have been trying to you know appeal to a younger crowd that's used to use their mobile devices for everything so the trend is in a inevitable collarbones in frankfurt thank you. the past months of brought record temperatures worldwide in europe and to germany as well this has many negative side effects farmers for example are struggling b

in the past analysts are talking about how especially here in the western world peak facebook might have been reached so facebook must do something to increase traffic on its platforms after the recent purchases scandals will users give facebook to have banking be. well that's a big question of course and if you look on the internet in the discussion platforms about this story the majority of people there are appalled about the idea to share your banking data with a company like facebook so obviously the banks are walking a very very fine line here but also they have to follow the trend of the trend goes tech the banks have to make sure not to lose too much of the payments business to the tech companies. for such a long time they have been trying to you know appeal to a younger crowd that's used to use their mobile devices for everything so the trend is in a couple collarbones and frankfurt thank you. and that's all your business here's a reminder of the top stories we're following for you here r t w iran's president on rouhani has told renewed u.s. sanctions psychological warfare the sa

peak. >>> coming up, facebook identifies an elaborate effort to influence the midterm elections, what the company is doing about it. plus, what states are trying to stop people from 3-d printing their own guns. coming up on the cbs evening news. >>> people will die if they don't know what they're doing. >> every the kids push -- >> you have to allow the public to enjoy the beach. >> the coastal commission is considering a settlement. >> the public's rights of access really are not going to be enlarged at all. >> expect original reporting from kpix 5 news, expect more. >>> kpix 5 weather, sponsored by mancini sleep world, enjoy a huge savings at the triple bonus mattress sale. wifi expe, plus the most free shows to stream. and with savings on wireless, this is a relationship with more money to spend on the important things. this is how xfinity makes life... simple. easy. awesome. xfinity delivers the fastest, most reliable internet learn more, or get started for $29.99 a month for 12 months. click, call or visit a store today. surveillance video shows the mountain lion that was trapped and

i posted this full report on my facebook andtt t paenges. ragweed is peaking nowhrgh the first week of september. you have about two more weeks of dealing with that. sgrass pollen going to continue to climb through september, but with dry weather overall i the forecast, our mold spores should start to come down a little bit. so som relief there. here is the latest satellite and radar imagery from category 4. hour cane lane is bringing lots hawaii. to the state of pretty much every island seeing rain from lane. when we talk about rain, this is going to be the biggest issue, 10 to0 inches of rain is likely, up to 30 inches is possible in some locations, potentially a little bit more damaging surf as well and hurricane-force winds in spots impacting the island tomorrow. back here at the bus stop, for those precious kind garrers erg we're looking at a low humidityo out the your friday. it's friday. who doesn't love that? thes humidity lev stay low through saturday. on sunday itltarts to f more humid. next week, especially monday through wednesday, it's essive.ht o

still think these companies, which are both done more than 15% from their peaks, are pretty interesting. we think that facebookunited states, down substantially from its peak, is very interesting in the longer term. momentummentioned stocks that have done well, but there are a lot of what that have not done well, and we looking at those names again to see if we should be shifting money into those names, as well as some of this rally ideas. we always enjoy having you on. carmel wellso of janus henderson. coming up, the largest u.s. base tysont,, and trade war concerns. our exclusive interview with tom hayes, tyson foods president and ceo. that is next. this is bloomberg. ♪ hat is next. this is bloomberg. ♪ david: tyson foods hopes to change what you eat, looking approaching alternatives to your favorite animals. the cover story of last week's issue of bloomberg businessweek. the ceo, tom hayes, has brought about new goals by removing antibiotics and cutting greenhouse gases. tom joins us now. thank you so much for being here. good to see you in person after talking about you on air. >> great to be here today. b

welcome to both of you john, facebook's results disappointed some people, but in the peak social thing also got to factor in instagram and what's app especially instagram growth kind of explosive there but overall, there doesn't seem to be that much gas in the tank for social writ large. what does it mean? >> so, i don't think we have reached peak social. these are very powerful platforms both on the lean back consumption of information as well as the lean forward and publishing of information. i do think we have identified an ex ex exostential amount of information that could result in a plateau. and we are starting to see that. we have seen twitter increase costs to handle this and it's affecting their stock price. we are seeing effect on active users across the board but i do think if this can be addressed efficiently and effectively over time, we haven't scene teen the peak. >> it seems in some ways like the battlefield is set as far as who the social players are and those who are at the second or third tier aren't making that much progress. in a way, does that mean that things hav

facebook it will go higher. >> you don't think there's a peak >> i'm open over here. >> you're out. >> we have 20 seconds now. >> go. >> tyler, you ready? >> i'm ready now >> you got it. >> thanks. i'm tyler mathison tariff tit for tat gives concerned as china announces big tariffs on american goods in retaliatory. tesla's board what a day yesterday. continuing today they are chewing over the idea of going private and if it happens it's the biggest leverage buy out in history. where would the money come from and why does so many companies now want to be private, stay private, go back to being private? and the biggest wildfire ever to hit california rages thousands evacuated now. gusting winds, soaring temperatures we're live on the ground as "power lunch" starts right now >>> welcome to "power lunch" i'm seema mo drdmody. not a lucky seven for the nasdaq energy worst performing sector blame oil plunging prices crude down 4%, hitting its lowest level since june 22nd. gasoline prices on pace for their worst day since mid-july but natural gas on higher for its fifth straight day of gains. >> i'm bill griffeth bo

mentioned snap before, obviously we got disappointing earnings there, disappointing from facebook, twitter. are we at peak especially when you see snap having the best day in a while >> there's some issues that facebook has talked about publicly what i think is interesting is there are other routes of monetization, and they're just introducing a huge monetizatiomn but i think you're seeing them take a lot of responsibility making sure they're protecting the data, make sure they're providing the best consumer experience and worry about modernization when that has been perfected. >> hope we get to talk to you in the fall and beyond. >> thank you >>> we have two failed mergers to get to this more, we can start with tribune they are very different in nature but tribune, the court action between the two parties, not necessarily a surprise that this deal has also ended, given the sec's investment was making to actually meet their approval in terms of the ownership of stations and as tribune would argue, rather than taking a more certain and expeditious route to gain approval as required, tribune decided earlier

lic yesh >> we've seen facebook users and hit a ion of how we social media peak in general?note about this company is smaller and declining in usage. >> thank you for stopping by. and that does it for this oomberg of "bl technology". from san francisco, i'm emily s bloomberg.i ♪ >>> at home and abroad. >> markets are also wary of a from the fed. and showing a readiness to continue raising rates. >> australia set for more political turmoil.

facebook it will go higher. >> you don't think there's a peak >> i'm open over here. >> you're out. >> we have 20 seconds now. tyler, you ready? >> i'm ready now >> you got it. >> thanks. i'm tyler mathison tariff tit for tat gives concerned as china announces big tariffs on american goods in retaliatory. tesla's board what a day yesterday. continuing today they are chewing over the idea of going private and if it happens it's the biggest leverage buy out in history. where would the money come from and why does so many companies now want to be private, stay private, go back to being private? and the biggest wildfire ever to hit california

we saw facebook having a decline in some regions. have we hit a social media peak?: it has taken a while but people are realizing this is not a utopia of communication and change. it has become addictive. people are putting in tools to track how much time users are using it so they can monitor and manage time. the harassment problem has become very evident. you also see the discrimination and the bias in the products. people are realizing that this is not where i want my kids. this is not where want to spend my own time. as people get smarter, and they realize this is not the best place for having a conversation, there is so much fake information, there is hopefully going to be another source where people are going to get and have better conversations. fory: there is an analyst social media who says there is nothing we can do to stop hate speech. the genie is out of the bottle. would you agree? ms. pao: i don't know. i don't know that we have a ceo who is willing to go out there and see if that is true. the actions that people are taking are tepid. like, let's follo

facebook and twitter paws. now tomorlenty of cloud out there from start to finish. only some peaks of sunshine with scattered showers, and then during the afternoon and evening hours we'll add in some thunderstorms and heavy rn, especially during the evening hours. more flooding potentially out there on your a fridayernoon and evening. if you have plans outdoorsrr to night, probably want to change those plans to indoor plans. saturday morning a 40% for showers out there until about the mid-morning hours. after that the sunshine comes out a we're looking mainly dry. only a small chance for aned isolhunderstorm on sunday. temperatures this weekend near and around 90. it's humid out there both saturday and sunday. we'll keep monday and tuesday dry, hot and humid. highs in the low90s, and then the chance for some thunderstorms on wednesday, next thursday. finally lower humidity moves into the area but only short lived. only lasting one day. >> getting it in doses. get the good stuff in sma s. amelia. >> a consumer alert that will have you check on your bank account. susan hoeg anne wis

peak tech in general? selena: i think there is something about tencent that is reminiscent to what happened with facebook whichy shocking report to investors. these are mega cap tech companies that are starting to reach saturation. it is harder and harder to receive -- achieve the same levels of both -- growth. we chatted slowing down partly because of increasing competition from other players. there's a news aggregation app which is good at using ai to attract users, and there are a slew of other video streaming startups that are also starting to compete for internet userss time. wet being said, tencent and chat are the dominant internet platforms in china. most chinese internet users are spending most of their time within tencent's ecosystem and they have a lot of different areas to leverage for user time and profits. they have advertising, video units, so they have a lot of things they can leverage to try to keep people in their ecosystem, even if one area is slowing. scarlet: thank you so much, selina wang, for giving us the overview in china. we now turn to breaking news. closing arguments have wrapped up

peak in general? sarah: well, to note about these snapchat numbers is that this company is smaller and declining in daily usage. that is not what you want to see when facebookgrowing. emily: great piece in this edition of bloomberg's businessweek. thank you for stopping by. and that does it for this edition of "bloomberg technology". from san francisco, i'm emily chang. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connec

the big picture here with facebook, we saw the core app, disappointing user growth, twitter, there's user concerns there, now in snap, we see this issue, is social media peakinga user perspective perhaps? i know we have instagram and others, but what is going on >> yeah, i think it is market by market clearly in the more developed markets, north america, you have seen more maturity in the court facebook site and twitter to some extent and clearly in snap. we think snap is taking users spent with sites like instagram really taking off. but instagram is growing really quickly. yeah, if you look at the north american market, you have more maturity evident in the stocks performance we have seen recently across the board. >> so bret, what is going to happen to the businesses behind these? one way of looking at it is the revenue is going to have to be ill pacted some quarters down the line, once the growth isn't there as much, but maybe another way of looking at it is, hey, they've got this mature user base now, now they can really monotize that. twitter stocks certainly seem to be reflective of that. >> yeah, to aaron's point, facebook is taking share, instagram's

expected to peak wednesday and drifted 10 wednesday, not a lot of change going on, 60s off the coach -- coast this weekend. low to middle 90s expected monday. >>> coming up, we tell you why facebookthe ads are everywhere back at taco bell. with mexican spices and warm nacho cheese sauce. one things for sure. the future is nacho fries! nacho fries are back. [bong!] now serving at taco bell. today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. >>> welcome back. new this morning, and insurance industry group is warning about the potential dangers for driver assisted car safety systems. the insurance institute for highway safety tested mercedes, bmw, volvo, and tesla at a private track and public roads. they found it on occasion, some automobiles with semiautomated controls recognized stop cars and steered into a crash. the study found tesla failed to stop on time on the track. while the other cars do not break in time on the road. they urging drivers to carefully

we're calling it peak valley what we're saying is that the valley is still going to be incredibly important, just that its relative noouns influence ih wane versus other tech hubs. facebookple are able to pay so much for employees that makes it incredibly hard for startups to compete. it was never possible before to get rich just by working at one of the incumbents in a middle management position. the only way you used to get rich in the valley was by choosing the right startup and riding the right rocket ship all the way. now we're starting to see this class of middle management employees making a great living. now it changes the incentiveoffs peop people want to take risks at work at startups new york, by comparison is less expensive. and that's had huge impacts for startups that are trying to operate here it's just so expensive and the third thing that will affect all of america not just sa silicon valley is immigration policy >> isn't it also, though, a factor of where the venture capital firms are based? and if they're not there where else are there, and where else are they looking for startups? >> so the sand hill road veterans used to be able to just count on all