but i have to tell you, the confidence from satya nadella and the guidance team was remarkable that's absolutely why the stock reversed and turned around i would call it a positive surprise it's a name i held a long time i'm continuing to do so. just real quick as a follow-up with jimmy, i disagree, i think you add google >> if you're already at market weight, joe? >> it's in a catch-up face relative to the other mega cap technology names guess what, here comes the cloud. that's something that's underappreciated and is going to be a significant revenue accelerator over the coming quarters >> i need to get -- i need sinned ar pichai on pete's wall of fame. right, has to be room >> absolutely >> next to satya -- i never talks about sundar pichai >> i should. you talked about the results you're get tlg and the numbers are extraordinary. and they are making some progress finally in the cloud, which has been something that they haven't really been able to dent when you look at where microsoft and amazon is and then you look back at google. they are still way behind there. but that doesn't

just like satya nadella just put out. >> i knew you had to mention your mt. rushmore of ceos. >> there's a couple of them. >> just a few. >> not funny, the dow just touched session lows we're continuing to watch that bond yields as we hook over here to see the treasuries right now, ten year at 20 feeling uneasy about where everything is trading today. joe, tell me about this move you made you bought bungy again >> we're looking into places where you see rolling corrections and down 10-plus percent. you only found one name. unfortunately, that's correct, that's only one name i'm willing to buy today, bunge, it's agricultural related sold out of it in the upper 80s, back in here as it approaches its 200-day moving average i wish i could find more opportunities. as i said before i think we're set up this week where we'll see more selling pressure in a lot of different places. >> robinhood is releasing new details about its upcoming ipo leslie picker is following the moneyfrom the new york stock exchange for us. leslie >> robinhood is planning to list its shares

dani: satya nadella major hurdles. of course the social impact is interesting.it needs to be affordable for the middle class and working class or it is simply not going to happen. >> let's see how the that comes to bear. the very latest from europe and brussels. wrap up this week with the fed. the john august piece. i encourage everyone to read it. alan greenspan talked about the paradigm shift in technology. talks about the conundrum. >> one of the quotes says until something breaks like a surgeon. consistently chosen to tighten more than the bond market said. what a metaphor. >> that's it from me i'm on the road next week. i leave you in charge. this is bloomberg. >> i won't break it. rk it. (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrain

we're not sure when that's going to occur, but i sure want satya to be around to manage that processust as i did in the last cycle. >> great perspective from you john thompson. thanks to you both. >> thank. >> thank you. >>> and after the break, more on china's tech crackdown those names from yesterday's biggest laggards on the ndfs falling again this morning you can see, though, jd.com in the green. tshg "techcheck" it just getting sta started. >> announcer: "techcheck" -- sponsored by -- e's a cy and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> cybersecurity stocks getting a boost following the recent cyber attack over the weekend. prime security up 37% this past year amid increase of attacks for the week, seeing lows surging to about 20% palo alto network around 4%. its best daily performance yesterday since late may and tenable, gaining around 3% breaking a five-day losing

haidi: microsoft ceo satya nadella there.cting the proposal, saying it undervalues the company. the offer coming in from a consortium of investors betting on a global travel rebound. this was a record offer and over 40% above the market value at the time so they rejected it still. >> that is right. they unanimously concluded that the offer from the pension funds, which includes ism investors, undervalues sydney airport. it is not in the interest of shareholders. the offer was 22% higher than its market value at the time. their shares closed at $7.80 yesterday, which is below the per-share offer. shares jumped on the news when the takeover offer was offered but they are still trading at below pre-covid levels which i think is why the offer was rejected. >> are we expecting the shares to fall further given the rejection here? satya: they did say in their statement this morning that their share prices are likely to trade below the consortium offer price in the short-term. it's called the proposal opportunistic because of the imp

tomorrow, a blockbuster lineup included an exclusive interview with microsoft ceo satya nadella.lus, we will be joined by former u.s. vice president al gore to talk about the race against climate change and the 15th anniversary of the release of his film, "an inconvenient truth." this is bloomberg. ♪ emily: france has fined google $593 million in a dispute over paying for news. french regulators say google ignored an agreement by displaying articles on its new service. france the first country trained old -- is not the first country trying to hold tech companies accountable. earlier this year, australia past a long -- passed a law. a group has seemingly vanished from the dark web. it is not known if law enforcement took them off line. it was suggested by the u.s. government -- suspected by the u.s. government of operating out of russia, accused of being behind the cyberattack on the meat supplier giant, jbs. the sudden outage comes just days after president biden warned russian president putin to act against hackers in his own country. william, what do you suspect happened here?

emily: microsoft ceo, satya nadella, appreciate your optimism. thank you for joining us. investors are favoring big tech with the market value of the five biggest tech companies surging over $1 trillion since june. microsoft shares have made up a quarter of that, hitting a record high today with its own market cap over $2.1 billion. coming up, chicago taking a page from silicon valley as it looks to expand its tech scene. mayor lori lightfoot joins us to talk about her trip to the bay area. and closing the climate gap between long-term goals and a near-term action plan. we are going to speak with vice president -- with former vice president al gore later this hour. this is bloomberg. ♪ emily: chicago wants to become a top destination for tech talent and are taking a page out of the silicon valley playbook. mayor lori lightfoot and a coalition of tech leaders visited san francisco last week as part of an initiative to entice 10,000 employees who took tech jobs elsewhere to return to chicago. joining us now, mayor lightfoot. thank you for joining us. tell us about the chica

when microsoft acquired the company, satya and jeff sat down and said this is a deal about growing linkedinn we keep linkedin as an independent company? five years later, revenue has nearly tripled since that acquisition. we are sick celebrating -- are accelerating off a larger base now. for me, it is such a pleasure and honor to be part of that leadership team and watch the best in the business, to learn from, and move linkedin forward. emily: you had some layoffs next year. people were not hiring. are those structural changes behind linkedin? what does the growth story for the company look like? ryan: linkedin is an 18-year-old company. we made those changes. when you see this great reshuffle happening, when you see every ceo and employee trying to navigate the future of what work looks like for them, they are turning to linkedin to figure that out. that is a valuable place to be in terms of the skills, the roles, the opportunities they need to navigate this. across our business lines, this engagement is only lifting all boats across the company. emily: you are historically a product guy.

really strong for microsoft here was the software, was the optionality, the sense that satya nadellarought, just trying to help you have the best experience no matter what machine you're using's which one of those companies do you think -- i know you don't really focus on apple as much -- ends up being more valuable the next three years based on what the world is showing now >> i think that apple is the vehicle on which microsoft ultimately sees its success. i was joking with management team yesterday that i love returning microsoft products on apple devices. and you see what they just announced with windows and windows 365 being able to launch windows remotely from any device. so i think that, again, microsoft's power with azure to be the fabric of every customer product that they deliver, and microsoft office, the fabric where everybody spends most of their time in a given day, that's very powerful, and if you think about what's going to drive success for software in the next ten years, it's going to be engagement and data. microsoft has the most engagement and has a lot of data, a

have that return to shareholders over the next several years >> long way from the zune music player satya nadella named chairman and as big as though names are they're big. there is no stock more of the market than apple. it's not heaviest wait in the dollar weighted down apple is the most hi widely owned in the world retail investors mutual funds and hedge funds and a disappointment to all three the last six months. apple quietly having the worse first half to a year in five years. but that may be about to change. apple is actually the best performing fang name this week the question is will apple stock get the mojo back in the months ahead? jon najarian by phone, you own the stock, own calls you're obviously bullish >> i really like the stock the move that it's made lately, the endorsement it's getting from more and more institutional investors, not just people that, you know -- i have all the respect in the world for analysts actually, brian i don't mean this light heartedly. but i pay more attention to people who are putting their money where their mouth is and institutional players h

. >> guy, if you were fortunate enough to be on the conference call and ask a question of satya nadella, the cfo, what would you ask? >> i would say to karen's point, it's the growth in azure we're seeing that so many people are giving them a premium multiple on the back of sustainable that's exactly the first question i would ask >> let's get to apple. the stock was trading lower after results the company's call kicked off at the top of the hour josh lipton has the latest. >> apple's results, digging into the segments, iphone revenue $39.7 billion. services, $17.5 billion, mac, $8.24 billion in the quarter ipad $7.4, wearables and accessories, $8.3 billion. apple did not formal guidance, but we expect more color and commentary i did speak to the ceo, adam cook i asked him about the ongoing chip shortages we are seeing cook telling me they are being impacted, he said primarily affecting mac and ipad we had expected the shortages, but we were actual able to mitigate some of that, he said i think we have a world class operational team we talked also about who was buying the new iphone 12

expectations there, or insight for us in terms of where it's all going to shake out >> the last time we had satyat they're doing some renovation out in redmond are they putting a halt on that? are they shifting how they're configuring offices? >> he told me they're shifting they do expect longer terms to have people in offices, and the big question is, if they're not back in offices in fuller force sooner, isn't good fothe compan, or is it bad because there didn't see mand for, or they can't supply it because of the chip supply-chain difficulties we'll see some of that in this report. >> jon fortt, thank you. they have also been in demand sort of as defensive plays. >> microsoft, as much as any of them, maybe more than most it's mostly through that steadiness, the sense it just delivers, not in the controversial areas of big temperature, so it's seen as less of a target in terms of gai gai gaining trust. by aclimbation it's the core holding. maybe it's a bit of a -- everyone thinking it's very well managed, and it's been really wrong to use that logic. it's in every esg portfolio. they kept deliv