read heaven i'm sure he'll come up with the guy who runs twitter jack dorsey at some point to create some applications and financial products to go with the musk individual sovereignty revolution well actually i thought jack dorsey is in ethiopia and he tweeted at mosque and said hey why don't you bring some tesla's down here to ethiopia he was talking to a woman who runs an organization their electric suffering electric power there and so they were doing to reconfigure the world toward individual sovereignty so it's a distribution of wealth into wealth distribution energy just to be into local ization dollars ation i think those 2 guys could maybe peter teal to some degree although he seems conflicted somewhat but he could also be part of the mix if you're driving around in this post-apocalyptic world with failed states of course you need to protect your self from the many many neighbors of yours who will not have protected themselves who do not have big point who do not have gold you do not have solar panels and haven't thought to they had always relied on the fed to bail them out

. >> speaking of twitter, jack dorsey spending half of the year in africa, saying the continent will ne the future, especially the bitcoin one is this about twitter, about square, or is it about crypto currency or all of the above >> we did a pivot of professor gall gallaway ford motor ceo said i am going to iceland to learn clean energy, that would be a problem with the board it is laudable more people should be involved in africa and investing. i wish he would do that. he is also ceo of two companies. and also one company that's right in the middle of the election leaving for a few months during a critical period of monitoring twitter during the election seems perhaps not the best idea unless you have another ceo in mind to run the company. i don't know who that would be >> it is not as though africa doesn't represent an opportunity, growth opportunity. >> it is it is small. >> relatively small. i heard other ceos talk about africa doesn't mean they're moving there. >> but this year during the election year when he has two companies, laudable idea he should do that when he is not ce

i really think this is something, i really don't know why twitter, jack dorsey decided not to do thisn't think it is as important to their revenue stream. but i think facebook is on the right side here. connell: i want to talk about netflix for a moment while you're here, liz. netflix disclosed something interesting. we talked about when their earnings came out how much growth comes from overseas. they said 90% of somebody scriber growth comes from inner next markets and u.s. slowing. what is the takeaway on this number? >> i don't think this is too surprising. almost every company starts in the u.s. gets big in the u.s., of course expands overseas. when you're operating from a smaller base overseas, the growth tends to be faster. i think the issue for netflix, some of the markets growing fastest like latin america the revenue per subscriber is not the same. it is less than what you're getting in the united states. you could see a whole lot of growth overseas but not see profits grow commensurately. connell: you don't think it is competitive issue with disney plus and all the competit

twitter ceo jack dorsey is off to africa next year.plans to live on the continent or something between three and six months. he has not said why, but his plans coincide with the presidential election year, likely to be marked with debate over online hate speech, and the role of tech companies in public disclosure. that is your business flash update. shery: another ceo out the door a red bridgewater's eileen murray, co. chief executive is stepping down next quarter after 10-plus years at the firm. dalio took to successfully transition bridgewater and to create a lasting leadership team. five people have held the title since 2011. for more, let's welcome catherine burton. do we have any idea about what led to this departure, and if this will be a positive for the company? >> we don't really have any idea why eileen left at this time. it has never been our understanding until today that she was ever going to leave. it was always going to be a co-ceo position. so we don't really know what happened. amanda: there has been a sense of a fair

they still operate on a functional day-to-day level as jack dorsey has two jobs, maybe that is a sign that they don't need a clear number two. at twittertheir cfo does some front facing stuff. that may be the kind of thing. jack dorsey has talked about remote work, pushed that internally, you will be able to work wherever you are most efficient and convenient. that might not be africa but that does not necessarily mean he will be stepping away for 3-6 months, he will to speak harder to reach. taylor: do we know why africa? he has talked about cryptocurrencies. kurt: he did mention crypto in his tweet, mentioned africa as being kind of the foundational region. during the month of november while he was visiting. if you think about it for me twitter standpoint, this is a global platform. there are probably millions of people in africa who use twitter. these are people he probably does not hear from very often. some time in these regions that often get overlooked could be good for business at twitter as well. again, we won't really know until this comes into play, what the criteria is around who will run twitter in the meantime, but that w

twitter ceo jack dorsey is off to africa next year.tweeted that he plans to live on the continent for 3-6 months. he hasn't said why. it coincides with a presidential election year which is going to be marked by hate speech and discourse. does that mean that he will respond because he will be in africa that he will not respond because he will be in africa? 70th birthdays party devolves into a sparring match and president trump emerging as the unlikely defender. this is bloomberg. ♪ ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year. and now get $250 off google pixel 4 during xfinity mobile beyond black friday. that's simple. easy. awesome. click, call or visit a store today. mark: i am mark crumpton wit

i'm talking, of course, about twitter. ( laughter ) yesterday, twitter's c.e.o. jack dorseyed that the site would ban all political ads, explaining-- ( cheers and applause ) ( piano riff ) >> stephen: -- explaining they "presented challenges to civic discourse." to which twitter responded, "our civic discourse is fine, you cuck." ( laughter ) ( piano riff ) twitter's announcement was really a jab at one man: facebook founder mark zuckerberg. lately, zuck has been on the defensive because facebook will still allow politicians to run any claims, even false ones. ( audience reacts ) yeah. >> jon: wow. >> stephen: which explains amy klobuchar's new ad, "vote for me, i can fly!" we've got a great show for you tonight. speaker nancy pelosi is my guest. but when we return, "meanwhile!" stick around. ( cheers and applause ) ( band playing ) (paul) the holidays at sprint are truly a magical time. (sprintern) speaking of magic, i turned my iphone 6s into the new iphone 11. (paul) it's true, trade in an iphone 6s or newer -in any condition- and you'll get the powerful new iphone 11 for

don't be influenced by twitter ceo jack dorsey saying we'll take the ads off our platform.ven with regulatory issues pending next year, continue to post these ads. remember the thing that facebook does with the ads, not just that they're posting them, but criticism they don't censor them in any way, they don't fact check them. the tech companies would say it is not our responsibility to do that. we should be putting messages out there. so it's a big debate for 2020. as you know so much influence in the last election came from these platforms. susan: in this article, also some of these employees who have been tasked with changing the internal dynamics of facebook saying you're undermining our campaign to battle misinformation after cambridge analytica? >> i understand that. there is political divide on the board. there is a political divide in the company. there is certainly a political divide in our company. i would support what mark is doing. facebook is not originator of the content that is difference between them between a broadcaster and print media outlet. it is financ

i think after twitter chief jack dorsey went out and put a ban on political ads it became very clear and how hard it was to issue a blanket ban on political advertising. i think peter thiel has been a close advisor and a voice in the ear of mark zuckerberg for several years. i don't think that's new i don't think the political rifts he's cuesing are all that new. netflix chairman stepped down due to peter thiel's politics. bowles stepped down. this is significant. at the same time, what we have is a chief executive who is looking for a broad base of opinions across his advisers and across his board and one of them, peter thiel, is an influential voice in his ear. >> emily, what's your take do you think there's going to be a shift? we've seen what twitter has done we've seen what google has done. do you think there's going to be real movement? >> i do. i think that there are likely going to be changes. we reported that the other week, at least when it comes to political ads. >> right. >> facebook has said they're looking for possible changes i don't think they're going to ban them alt

platforms are going to become tick tocks and we've seen it happen one day during my show jack dorsey of twitter came out and banned all political this is what do you care about a business to share a base book decidedly decided not to do that and not only did not do that made a statement in congress that they were not going to fact check politicians running does that concern you. that particular part doesn't i don't i don't want soccer birds in fact checking. politicians frankly now it gets much more confusing when you get into deep fakes and it's actual dr clearly fake video you know should that be taken down. in bolivia though for instance a bunch of mosques politicians in a party have had their accounts their facebook accounts taken down and their message and their facebook messages they are using the human get blocked and so you have you have this disparate power going on within within facebook and that's the real thing that i think people need to contemplate when they're calling for facebook to ban speech or ban ads is that it's going to be used against people with less power by people with

coming up troubles for twitter, ceo jack dorsey revelation that he plans to move, he's going to africaou what's behind that. wework story to theaters, would you pay to see it? back in a minute. maria: i'm maria bartiromo, tuesday december 3rd, fox business alert for you, we have fresh trade fears turning markets negative, futures reversing course this morning after president trump in a press conference in london said that he ahas no deadline in china trade deal and he may wait until after 2020 election to ink a deal after he prepares for packed day, to meet with foreign leaders on trade. president trump pressing his vision for nato in london earlier this morning, the president held news conference with nato secretary, nato secretary general and cited efforts to decrease nato defense spending. >> nobody needs nato more than france and frankly the one that benefits really the least is the united states. we benefit the least, we are helping europe, europe goes against a common foe, that may or may not be a foe, i can't tell you that but there are other foes out there also but nobody needs

. >> twitter c.e.o. jack dorseycal ads on his platform citing the viral spread of disinformation is a new challenge to our democracy. in 2019 we also saw the rise of deep fake videos making it increasingly difficult to separate reality from the computer generated. joining me now to unpack all of this is dylan bier, for nbc news and msnbc. dylan, good to have you with us. let's talk about the different approaches between twitter and facebook. how do you see facebook's refusal to fact check political ads in the lead up to the 2020 election? >> obviously that didn't play very well in washington, given the tape you just showed. i think this is a really complicated issue and i think that that juxtaposition between the way facebook handled this and the way twitter handled this made twitter seem like they were taking the appropriate step and being responsible in a way that facebook wasn't. once you actually unpacked the policy that twitter put into place, it became clear that the issue is a lot more complicated than i thin

remember twitter ceo jack dorsey saying recently the company is banning political ads.t face bike on the spot but it said in september it wouldn't change its political ad policy. it's a hot button topic. increasingly part of the conversation too heading into 2020 because social media platforms were so influential in the last election. "the wall street journal" is reporting this, it is going as far to say not just about posting political ads, that they don't fact check or censor the content in any way. listen to what zuckerberg told dana perino. >> in a democracy i don't think we want private companies censoring politicians and the news. i generally believe that as a principle, people should decide what is credible what they want to believe, who they want to vote for. and, i don't think that should be something that we want tech companies or any kind of other company doing. reporter: thiel didn't comment for the story. he is influential american voice, entrepreneur, venture capitalist. a billionaire. known for founding paypal, but also known for some conservative views.

stay with us >>> the ceo of twitter and square jack dorsey made big headlines when he made plans to liver from the only one seeing the potential business opportunities there. kate joins us from san francisco. >> jack's not alone by any means. big tech and venture capital are spending more time and money in africa one reason, massive growing population of young people there are more than a billion people across africa's 54 countries. av average age, 19. that makes it a natural market for tech google, facebook and microsoft have start-ups in africa alibaba is there too u.s. venture capital is starting to pay attention as well thanks to lower valuations. there's still only two of the world's 400 unicorns based there. we're seeing popular early stage bets around payments especially in nigeria they often invest along side chinese firms. they say government regulation and scaling across the continue innocent as well as finding engineering talent is some of the biggest head winds >> looking at the growing number of consumers that they can cater to but from a manufacturing stand point as well. i

twitter if we could. the latest news is jack dorsey says he's moving to africa he is still running square and twitter. you were c.o.o. there. >> yeah, you answer this question >> we'll get to you in a second. >> would you havelet that fly? >> if you want me to try and defend it, here's what i would say. 75% of twitter's audience is outside the u.s. about half of its revenue is outside the u.s. most of the user growth, their revenue growth has been coming outside of the u.s like it or not, while this is a u.s. hq'd company, most of the action for this company, i think, is happening outside the u.s. tough for us sitting here or tough for some of us sitting here in san francisco to think that it's not the center of the universe but the fact is it's not. couple that with the fact that jack, i think, is looking at africa as a huge growth factor for the company, both ultimately in -- >> or square >> i think if you ask him, his perspective will ultmaltly be around users and revenue and then lastly, i think he's got a view that he has to figure out some way to decrease the hiring pressure here in san francisc

topic two, jack dorsey the ceo of twitter and square announcing a plan to move to africa for three to six months posting his plans after wrapping up a month long trip where he visited ethiopia, ghana and south africa he tweeted, quote, africa will define the future especially the bitcoin. >> before we discuss the future in africa and bitcoin i would remind everybody what you just mentioned, mr. dorsey is the ceo of not one but two publicly traded companies and if i'm a shareholder in either one, i think i would be dismayed that my ceo will be awol for three to six months next year. however he will be distracted beyond the other distractions he's exhibited over the last several years as he's built these two companies. >> that's right. and also, too, the timing is interesting. you're heading into the 2020 election he didn't say when he'd be leaving. the whole disinformation thing on the internet between facebook and twitter, so much scrutiny right now. if you're a big shareholder, aren't you wondering why he's doing this now, what could be more important than making sure this platform i

. >> jack dorsey, head of twitter, actually seemed to disagree with him.s isn't about free express n expression. this is about paying for reach and paying to increase the reach of political speech has significant ramification that today's democratic infrastructure may not be prepared to handle. >> yes, well, that's the two sides of it, and google sits in the middle. it's trying to figure out a way between them. mark's idea is he's conflating free speech with paid speech. it's purposely confusing to people. anybody can say anything on their platforms. on twitter, for example, donald trump continues to tweet, as you noticed this week, perhaps, but his campaign doesn't get to do paid advertising. that's a very different thing. what's really interesting is balkanization has been around forever, and early, you look at george washington, all those days. that was very partisan crowds on every bit of media. the issue is when you get into the social media space, it becomes three things. weaponized, amplifieamplified, becomes anonymous. then you can repeat lies and

. >> jack dorsey had a twitter, this isn't about free expression this is about paying for reach and increasingpeech has specific ramification that today's democratic infrastructure may not be able handle. >> the that's the two sides and google sits in the middle trying to figure out a way between them mark's idea is conflating freed speech with paid speech. it's purposely confusing to people anybody can say anything open their platforms on twitter, for example. donald trump continues to tweet as you notice this week programs, but his campaign doesn't get to do paid advertising. that's a very different thing. what's interesting is it's been around forever, you look at george washington, all those day, that was a very partisan crowds on every bit of media the issue is when you get it into the social media space it becomes three things, weaponized, amplified and anonymous, they create enrainment, do it again, lather, rinse, repeat. that's what goes on. >> this to me is not new lyndon johnson is always credited with saying i don't know if it's true or not say it, make them deny it. the social medi

. >>> and later, jack dorsey's leaving on a jet plane the twitter and square exec is gearing up for a'll discuss what that could mean for his companies and for toto when "closing bl" tus.el >>> how's this for a kickoff, the s&p posted its biggest decline in nearly two months and the nasdaq and russell 2000 were off by more than a percent on the day as well. >> let's get over to mike for the third installment of today's dashboard. mike >> vision is always limited looking out a year in terms of what's happening with the markets. but this is the season where strategists have to put out a forecast."the wall street journt this together. these are some of the targets from various investment banks right now. you see it at the moment from the major firms topping out around 3,400 for the s&p 3 i do see some other firms with maybe a 35 out there but also, you have at least one firm or a couple of firms saying essentially, we're already overshot where we might be last year a lot in the middle. just as a sentiment read this is relatively constructive. you don't see a lot of outright aggressive es

twitter. it is not about the political ads. jack dorsey that he might spend three to six months in africa. the timing seems suspicious to me. >> he was in africa and has been andssioned by the start up fintech and opportunities for crypto. he sent a tweet and said he might spend three months to six months next year. it is wearing investors in and square. he is already running two companies. he is the busiest man in the world. now he will spend six month on the road during an election year. but if anybody can pull it off, it is jack. he has pulled it off pretty masterly, so far. taylor: and he brought up it is an election year. at least it is not facebook or google which is running political ads without fact checking. at least twitter is staying out of the game. does that relieve some of the concern from investors that at least they are not in that game? >> no, because twitter is already ground zero for this campaign. as we know, the president is very active. he has a lot of decisions to make and no clear number two wind these things do cro

i think the thing that works against you is the jack dorsey, who runs both twitter and square, is over for x amount of time whether it's three months, four months, however long he's going to be over there and this one needs leadership. hopefully, the people that he's put in charge can do just that, brian, because this could be on the same track that paypal is on and that one's on a tear this one has not done that. >> hogs get fed. pigs get slaughtered, i believe is how it goes good stuff there thank you for all your questions. fil adnatres are straight ahead on the "halftime report. this app solves my problems. it's super easy, all the exercises include demonstration videos. i love the 30 day fitness app. (vo) thewith every attempt, strto free itself,pider's web. it only becomes more entangled. unaware that an exhilarating escape is just within reach. defy the laws of human nature. at the season of audi sales event. itreat them all as if, they are hot and energized. stay away from any downed wire, call 911 and call pg&e right after so we can both respond out and keep the public safe. s

twitter. there are fundamental very specific issues, jack dorsey moving to africa just being one. and what i'm driving at with this is as we look into 2020, we have to remember it's going to be a collection of individual stock stories. so joe, to your point that we're going to see the earnings come in, i think people are going to make individual stock decisions there. for instance, there may be sectors that benefit we may be looking at the financials in energy and say we see earnings growth. we may be looking at some of the more software oriented stocks which have fluttered a little bit and say the earnings growth isn't justifying the overall stock price. my point is this, but it's really relevant here it's not a stock market, it's a market of stocks think about these individual decisions that are being made. they're individual decisions, but collectively what you're seeing is on the margins selling. >> look, this is the final trading day of what's been a great year, a good decade, obviously. what's going to be the defining story for stocks, do you think what's going to be the thi

in october, twitter announced it would ban all political advertisements on its platform. jack dorseypolitical message reach should be earned, not bought." despite facing criticism on its role in the political information ecosystem, facebook declined to follow suit. in an exquisite interview with caroline hyde, chief operating officer sheryl sandberg explained why. >> we are not doing it because of the money. this is less than 1% of revenue. revenue is not worth the controversy. what mark said is, we believe in free expression, political speech and ads can an important part of that. where we are really focused and leading on transparency. we put up an ad library. we announced presidential at d tracker. you can see any ad anyone is running anywhere in the u.s., anywhere in the world if it is not targeted at you. that kind of transparency is really important to people understanding. we talked about investing in protection. one thing we talked about on the earnings call was the size of the investments we are making. prepared for 2020, working with election commissions, hiring engineers,

longest the so those windows are on the truck right so he's busy and jack dorsey says so all that shiny new shiny bunning out on twitter so the 1st 2 things that need addressing this are far as certain equality it's really interesting what's happening in the u.k. when you talk about serialism because n n if you heard about it there's a guy called prince andrew. and that's not a prediction that's when he 20 i think he's going to start sweating again and if you when you when when system starts you can look you know people make really big errors he's made one recently and really it's made what is ordinarily a very very proud and pro-military country really question the structures that we live under and i don't see this economic conditions deteriorate and get worse i don't see that questioning and not dissent. going away however much the mainstream media china russia so i'm probably a little more hopeful and i think that you need this level of creative destruction and economic crumbling if you like before the green shoots can come through but i do hate you about the monopoly effect that the central bankers have you know so

jack dorsey is running two. now he wants to continuing head twitter and square while living in africa.find out if he can do both. >> analysts are split on that. those who cover square see it has a huge opportunity they say africa represents the future and see it as forward loob i looking. the company does not operate in any other countries now. the company is still cash based. dorsey mentions bitcoin in a tweet. square already offers crypto trading on its app they'll see more adoption in emerging markets different story for twitter investors. it's an election year. they will face scrutiny for ad models they say dorsey' absence could become a concern and any challenges could be compoundsed if he's nine time zones away both companies declined to comment. >> can you quantify the market opportunity in africa. i know when the story came out it raised a lot of eyebrows. why is he going to africa versus china or india i'd also point out a lot of v venture capital money is starting to go toward the continent. visa putting about $300 million to work. >> absolutely. analysts on square say this i

twitter. i have to admit i think it may be ill advised that jack dorsey spends the next six months in africa it's hard. it makes me more concerned how about that i think it's ill advised. >> let's go to peter in idaho. >> caller: good afternoon, jim how are you doing? >> i am doing well how are you? >> caller: doing great i've had some success with lgi in the past. i'm wondering what a professional thinks. >> not my fav. not my fav i do prefer -- wow now i want to be sure. lgh is a housing company and that's not the right symbol coming up. lgih oh, okay lg -- i own lgi homes. inexpensive. not as good as lennar but it's good let's go to quinndell. >> caller: how are you doing, jim? >> i'm doing well. how about you? >> caller: i'm so excited to be on your show oh, man. >> thank you. >> caller: big boo-yah to you, man. >> all right. >> caller: hey, i wanted to know what you thought about plug. >> this isn't one of those situations always speculative. i have historically gotten to this level said sell, sell, sell i know people who follow me on twitter who say, please, jim, get behind me. it went u

and i'm not backing away from that twitter was not a good quarter but square was a good quarter. i mentioned that because they're both jack dorseypanies and, well, i think that jack should relinquish one but that's up to him. ronald in new york, please, ronald >> caller: thank you for taking my call. >> of course >> caller: my question is row coe. i got in about 14 months, i'm doing well with it but i don't know what year crystal ball says about it. >> don't be too greedy i say ca-ching ca-ching on at least some of it understanding millennials isn't easy for wall street but the toll brothers has a good grasp on them. read the conference call much more "mad money" ahead including the ceo of vmware. what does he say about the state of tech and cloud? then trade desk expects china to be a top three market for the company, but is it still the case i'll talk to the ceo and then all your calls in tonight's edition of lightning round so stay with cramer apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have

former twitter executive, find out where they think the money will be made in 2020 also ask them about their former company and ceo jack dorseysive with the one that runs sequoia capital business. he sits on the boards of airbnb, square, mongodb, which is soaring. he will tell us what the ipo pipeline looks like for the next wave of companies planning to go public and tray basalo is with us she will tell us what she's finding in the valley. trying to make money in tech see you at noon. jon, 15 away >> scott, you got the investor, sequoia, we have mongodb when we come back, the ceo joins us when "squawk alley" comes back looking around here i see tablets, laptops, printers, smartphones. they're all connected to the internet. they're all connected. can your network handle all those devices? sometimes. comcast business runs on the nation's largest gig-speed network. so you can get the bandwidth you need to power all of your devices at peak performance. if all of my devices could have that kind of speed, i would be dancing! get started with secure 35-megabit internet and one voice line for just $64.90 per month. call today. comca

course looking at the problems with adam neumann and wework and jack dorsey is going off but to disappear for six months to leave both twittero companies, we have boards that seem unable to direct genius founders and in this case until this past several months where musk seems to have cleaned up his act we had a fairly reckless person out of control that's the significance, tom, is how does a board kind of rein in these twitter tantrums. >> great to see you again. i had a question about that exact meltdown that elon had a year, year and a half ago. whole funding secured, 4/20. a board that was a bit lame quite frankly. has the company made improvements in its governance in the past year, year and a half from your perspective >> yeah. it seems that he was making mockery of the initial sec settlement which amazing, this was happening at the same time as that 4/20 stock dangling which seemed to not be based on any fact in terms of the private placement. as that melted down it was the same time that musk was coming out with these nonsensical attacks on pedo man. joe, you're wondering what else could be a derivation of pedo. one