one us tech tech that was was against guns were swarming around europe shedding shedding. 33%. hello my judge and then and then on sunday i think they can do when you call all trade will price right or a or s. lessons and to do you it'll show shifts like the ron. and on and on has repeatedly called researchers to keep keep compounding never never lower lower price rises on monday leading to the criticism of saudi saudi arabia's resentment says on a lazy. river flowed out because one million barrels a day. as one's own city central genetic mapping out i'll be i'll be really at this i hop because necessary will supply right out [inaudible] is. the world's largest. production signed by five one thousand hours a day. and the people in the war war. yeah we have. a little -- white light on it the next tech to tool in the u. s. restaurant exhaustion generate lingering from what are not small mom. that he has in the hague hace. pocas washing machines that is it would allow because it's very rarely. such such as yeah yeah i know to continue buying it. well well well. junction every seiz

tech sector? we lost our leadership for a while in terms of tech. some year, tech does great. the s&p 500 won't, but tech will carry us through. tech is under the radar now because of all the privacy issues. but, tech has new technologies. we always have to go with tech. in fact, it might be a good opportunity to look at buying tech right now because it's taking a bit of a hit. >> there is going to be a number of reports, indicators this week alone, that will tell us a lot about the economic health. the help of our economy here. the one thing you are focused on is the job openings and labor turnover survey that comes out tomorrow. what is that likely to show? >> well, this is going to be interesting. friday, the jobs report came out. 250,000 new jobs. you have to find people to fit into these jobs. so tomorrow, the job availability report comes out. and i expect that number to be high in terms of jobs that have to be filled. and when you have unemployment at 3.7%, where do we find all of these people? especially in the san francisco bay area, where we have a lot of tech companies. >> is this going to be an indicator looking for

tech. i think tech is mutual and it's the people that use it you have to assess.obviously with any revolutionary techyou will have people who want to use it for their own means. you have people who want to make purchase anonymously. we have to keep in mind that bitcoin is a tiny fraction of the money laundering marketplace. the drug marketplace. the vast majority of Ãbthat get sold for the u.s. dollar. you don't see many people condemning the u.s. dollar. it is an awful source of terrorist but it is also an amazing hope for everyday people who know what bitcoin is. >> what is a block chain? the block chain is the particle on hitting bitcoin. it's what makes it comfortable to have us have digital access that can't be reproduced. think of it like a legit system. like a magic ledger that when one person comes down it appears all these different ledgers all over the world. so what happens is people making mistakes with notarizing things. if you have all these people who are verifying that what you are writing down is corrupt and then appearing simultaneously all over the world you have an account that ca

using antitrust bring to bear pressure on big tech companies. bes be a harbinger, -- could -- could this be a harbinger of more people trying to use antitrust to limit the power of techs one more venue in washington in which the question of tech companies getting too big, or using market power in that are anticompetitive. we are seeing that question raised among lawmakers in members -- byth both sides of the aisle. we are seeing the trump raise that question. held ainistration meeting with state attorney general's to discuss the issue this year. this is apple and other companies battling the question about whether they are getting too big on just another, and another battleground. naomi,e: thanks, breaking down the apple supreme court case. speaks at ade chief conference on commercial policy. joe: i will be watching for earnings. >> u.s. consumer confidence data for november comes out at 10:00 a.m. eastern. caroline: for all of us, that is it for "what'd you miss?" this is bloomberg. ♪ emily: this is bloomberg technology. apples fall from the highest platform. they lose a stronghold over the title of roald's most valuable company after microsoft overtakes it. sand ba

us and broader tech trends. thank you so much, julie for joining us today. falling out of love with techwhat has got investors fretting about the things? we'll discuss next. bloomberg tech is streaming on twitter. global to follow our breaking news network on twitter. this is bloomberg. ♪ ♪ ♪ ♪ emily: is love for the fangs fading? they are the lowest since february 20 -- 2009, according to the global manager survey for november. 18% of those polled were in the sector. wire investors fretting? week the state to ceo max levchin. lots of issues, election meddling, fake news, apple deciding not to report unit sales for the iphone. do think the concern is overblown or do you think there is something there, like this will be a prolonged low point? max: i am the first person to admit that i have no idea how public markets value tech stocks or any other kind of stocks. you're getting it stared from someone who doesn't know anything about this. i think tech has been so strong for so long, almost anything now causes investors, especially ones that don't have a deep long-term leases to say, maybe i

tech workers so that god is loaded into. that tells us something about how were doing us a nation in producing high-tech engineers, highly skilled workers for a techt that amazon can't find enough people in any one city tells us for not producing enough of these people. >> they are clearly likely trying to place it is off of each other to get as many tax concessions as possible. whatever city disco stu is going to be a huge draw, huge employer. northern virginia in crystal city is already a lot of defense contractors they are getting kind of congested and adding apples. dca is an airport i fly out of a lot. keep in mind one thing. ge make a big play about going into boston. lots of concessions. >> denver, colorado was in the running but they are proposing new taxes, doubling the individual states income tax and the put a big jump on the corporate tax as well. how much tax policy plays in their decision. >> it might be the lead. >> one of the cities in the running for amazon is dallas and there's no income taxpayer. that's how they're thinking. i get on everybody else's side. seattle economy doing really well right now on a point that's lower than

tech talent to fill the amazon jobs. as part of that, virginia tech will open a new innovcaion us in alexandria. >> having virginia tech,theost premier research universities coming to alexandria is very exciting. >> much of the money virginia has promised doesn't go directly to amazon but into the community. >> over 70% of those comartments goes t education, work force development, infrastructure, transportation and affordae housing. whether amazon wants to come in and other businesses are coming this is something we needed to do for virginia. >>omething that will reshape this corner of the commffwealth. >> t is going to be awesome. >> well, the renderings look really cool. >> yeah. >> nice to see what the transformation will look like. getting to that process will be messy. i think real estate also is going -- that's the main question i've been getting. i live not tooar ay from there. looking touy a place. >> lot of people that were waiting to put their houses on e market i know because they wanted to see where amazon would be placed becau that will up their value. >> they stress, this is something that will be a long-

thousands of facebook documents are seized by mps investigating the tech giant over its use of data and privacy the techiant over its use of data and privacy. you're watching bbc news — in about ten minutes‘ time — a little later than usual due to some transport issues — we'll bring you our look at tomorrow's papers with my guests the parliamentary journalist tony grew and caroline frost — the entertainment journalist and broadcaster. before that, you can enjoy the film review. and mag and welcome to the film review on bbc news. —— hello and welcome to the film review on bbc news, with mark kermode. is it a bumper crop this week? kind ofa kind of a bumper crop. assassination nation is a violent satire. a new take on robin hood. and the return of lisbeth salander. there was a film out a few years ago which was a horror film taking place on social media and i really liked it. i was surprised by how effective it was. the audience were shouting to turn off the laptop, but the whole point is that you can't. this is set in salem, massachusetts. four young women finding themselves the victims of the witch—hunt

us. it seems we are focused on trade tensions and tech, specifically issues surrounding apple and whether we will see further regulation of the techtor. these concerns come together with concerns around technology supply chains. >> absolutely. certainly that was the theme in asia. apple is a large supply chain throughout asia. the trade war, asia has been one of the most vulnerable all ye ar. that one of those issues today was that there was so many negative stories, in terms of the oil price collapse, the bitcoin collapse, the tech collapse, trade tensions, and all these idiosyncratic company stories, whether it's nissan or apple. there is a broad negativity. it was surprising that asian equities did not trade-off even worse today, giving the -- given broad negativity. anna: i was looking at some of the specifics around the apple story and the reaction in the asian session. tensionsof those trade and more generally, not to necessarily attached to tech. in terms of those trade tensions, the question of the day is which assets will see the largest reaction to a u.s.-china trade war to price? -- surprise? >> i think people assume th

us thank you . continental is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business to present. its entire history you know everyone has to school. he's a mathematician but i guess to. digital africa starts december twelfth on t.w. .

tech. you can e-mail us at emerging tech or call us, (415) 554-4577. and thank you again for this opportunity. i'm happy to answer questions. >> maybe, you can flip back to the accessibility and safety recommendations as council members formulate their questions? >> co-chair blacksten: ok, alex, you're first up. >> council member madrid: thank you for coming. i have a lot of questions have you done any research on what is available right now and what can be used in the future as you are in the process of this type of new best practices. and second is that what are the things that you personally think should be included besides these recommended right now? >> i can take those. so, to your first question, alex. so i just want to clarify what you mean in the first part. so in terms of research about what has been done about which piece? >> council member madrid: on what other cities -- >> i see. >> council member madrid: -- and departments are doing with it. there is a lot of going on about accessibility and best practices, what have you guys done any or just -- >> i can answer that. yeah, so as part of our first phase and the listening phase, part of our listening was also to look at what other cities are doing. so we actually did a very intense research and interview process with cities mostly in the united states so look at what they're doing and what the best practices are and what we can learn from. both mistakes and best practices. and then also, in addition to other cities, we also looked at -- we also talked with different subject matter experts in academia, to sort of help inform what our -- to really shape our recommendations. we wanted to learn from what is already out there and there will be, as part of our final report, we'll be sharing some of those lessons and advice. >> your second question of what is missing, that's why we need your feedback. it's kind of aggregate of all of the feedback from the listening sessions pared down to these five essential points that i feel incorporate and encapsulate what we've heard from the community so far. but this is why there are draft recommendations because we're not sure if something is missing. so if there is something that you would like to suggest that we add or think about in a different way, that's what we want to hear about. >> council member madrid: yes. >> any thoughts right now? >> council member madrid: i'm sure you know about iphone and things like that. and some of them are not very accessible to all people. any thoughts on how to make it more inclusive to all? >> so one piece of feedback is to think about how, as we're using and developing apps promoted through the city, to make sure we have a process for making them more accessible, is that what you mean? >> council member madrid: yes. and i really like what you guys suggested on inclusive on using people with disability and using them for testing like that. >> i think a lot of companies tend to forget to ask people with disabilities to test their product. >> yeah, i think we have a role as the city to play in sort of connecting some of these companies with our disabilities stakeholders, so they really understand the users and build those users into their product development. >> council member madrid: yes. last question. why -- what is it you're interested in doing accessibility and make it more inclusive to all people? you don't need to answer that. i'm just curious. >> what personally motivates me around inclusion and accessibility? >> council member madrid: yes. >> in particular with this work, i think technology has the possibility to help our residents improve quality of life and improve the way we live in our city. and so i think there is a really big opportunity for us to play a role in helping to work more closely with the tech sector, to improve the way that technology serves our residents. >> council member madrid: thank you. >> co-chair blacksten: these are great comments. are there any other council members that want to ask any questions? >> council member sassouni: yes, council member orkid. >> co-chair blacksten: orkid? >> council member sassouni: yes. >> go ahead. >> council member sassouni: so as a member of the deaf community and advocate for other consumers, i notice that the equipment for smart phones and ipads and stuff like that is very outdated. and also, there is a new product coming out every two years. so it's not affordable to have the most up to date technology, which leaves people with disabilities stuck in a way. and you know, the apps for all of the technology that we have have to be regulated by the scc and follow the regulations by fcc for compliance. but the equipment that we buy is self-bought. we have to purchase it ourselves. although the apps are regulated by the fcc, the sad fac

tech reporter bringing us the scoop. let's bring in bloomberg tech analyst alan chan -- simon chan. what is your read on all this? how ambitious is this target? >> if we are looking at the numbers as a percentage, it is around 25% of the company's personnel expense. company cann the reduce the work hours and lower wages for senior management. this also reflects the reduction in demand for the customer as well. rishaad: how bad are things at apple? we look at what the other suppliers have been saying, the general reduction is around 20% or 30% reduction in demand for fourth-quarter. this could persist into 2019 as well. david: in terms of what the impact is on financials, obviously you have margins and all these other things. i would imagine this helps margins? >> it really depends. if this comes from a reduction in the top line, competition will force it to maintain its margin. could bee cost-cutting a reflection of the topline reduction. if they can maintain some of the margins, some of the profitability, the margin could improve slightly. yvonne: i think there have been three or four other suppliers at apple in the last couple weeks that have had to slash their guidance for the rest of the year or next year as well. could we see more pain? slowingve so far seen suppliers have slashed their estimates. i think this is going to reflect the reduction in demand and probably this is going to persist into 2019 as well. yvonne: not looking good. simon, thank you. simon chan, our bloomberg intelligence technalyst. rishaad: bloomberg users can interact with the charts. have a look at the recent charts we featured and catch up on key analysis and save those charts for future reference. this is bloomberg. ♪ let's have a look at the business flash headlines. goldman sachs' malaysia headache is getting worse. workers claiming they suffered losses from the bank's role in -- [indiscernible] bribedsaying goldman former officials to manipulate and mislead the claimants and to misuse information to further the criminal scheme and to benefit personally. yvonne: airbus is hiring staff to work on a new plane powered by next generation engines. it will be the first entirely new narrowbody airbus brought to the market since 1984. it is also advancing the a350. airbus plans to boost production to compete with boeing. rishaad: china easton is buying a stake in june you out there. the money raised here will be used to buy three new aircraft and a standby engine as well as repay bank loans. land tort of th

tech world all right. it's explaining the tech world to us from france that think it's a much. i watching the news live from berlin the wall coming up to the top of the hour in the meantime don't forget you can get all the latest news and information around the clock on our web site and that is d. w. dot com i want to jones and then thanks for watching. the first. one to the elephants need. a plastic bottle turned into a paving stone why do algae make it clear. either kill morning in the where there are people developing smart solutions everywhere. let's inspire each other to environment magazine eco africa next month. she's around hottest. train see. numbers. such as fast. so sure i'm busting material. for closely combining. single style. to sixty minutes. the. continent is reinventing itself. as africa's techscene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business the difference. in history you know everyone. is a mathematician the. digital africa starts december twelfth w. . welcome to a new edition of eco africa environmental magazine brought to you by channel steamy . and quesne t.v. i'm now it's me and i'll be presenting the show with my delightful colleague from embassy in johannesburg how you doing today felicia.

the second item is if you look across all the emerging tech tholgs -- i will us tech nols in another way, not just technologies to protect your grid but look at the technologies we need to protect our nation. what is lists in the national defense strategy it starts talking about directed energy besidest programs, robotics, intelligent vehicles, artificial intelligence, electronic warfare. it is all based on electricity. look at where we are going with the changing character of war. the future war fighter is going to need more power, at home station to train with and ultimately to be able to take with them to the battle field. that's driving significantly the changes in the innovation and technology we are seeing in the department of defense. across the board we are going to need more power. it is not just protecting what we have, but it is ensuring as we move forward with these technologies we need to move forward with our nation and we need more power. that's why we have spent a lot of time realigning the priorities of the department of defense. over the last few years we have defin

us. rachel, in terms of the cost for big tech companies introducing the technology just described, tech companiese of predators online? the companies i found it conduct those checks, we verify that you have parental responsibility for these children and tell the company these children and tell the company the age band the children fall into. it is talking iced, so the cost is minimal, absolutely minimal. and the average minimal, absolutely minimal. and the ave rage revenue minimal, absolutely minimal. and the average revenue per user for netflix for example is $44 per month, from advertising, so they have the money to afford it, money should not be a barrier to keeping children safe online. thank you both very much. later in the programme... we speak to a woman who was left so traumatised by childbirth that it gave her ptsd. medics says she is one of tens of thousands who experience extreme birth trauma every year and tests for young mums need a shake—up to provide more help. and we'll speak to parents about a campaign to make divorce less acrimonious — as research seen by this programme suggests

tech firms. that they really believe that's where there is a populist, sort of message that they can deliver on how tech firms use or misuse privacy. >> tech run by people who are loyal, loyal to democrats. >> you would think so. here is how you know it is true. we went back, lydia moynihan, my producer, we looked numbers in open secret, facebook, apple, they're spending more money on lobbying in midterm election cycle than they have in recent history. they're plowing money into lobbies, look at campaign contributions they're pretty evenly split. not like they're going nuts on the dems. it is -- neil: maxine waters base is technology companies too, right? >> there are some. there is some. not like northern california. she is southern. i would say that my guess, the motion that the banks and notion that larry kudlow is saying stocks trading off because of maxine waters is baloney. banks are not that worried and i talked to people close to maxine waters. what will she go after? democrats in general will focus on tech. you have to pay attention. those stocks are hammered recently. increased regulation could hurt the stocks. what is she lookin

used ethically and humanely. that's becoming a core and strategic value of salesforce. >> do you think other tech companies need these. or thinking about these things? people feel i have written this, that these techourse. and the issues they're facing. it's hard to know what to do. >> we're at a point in the his a history of technology. the fourth industrial revolution. every company in the industry will have to look at the ethical and humane use of the technology they're building. you can see ta already in different countries with different type of organization structures. they're using technology that here in the united states we would never permit. >> china. surveillance. >> europe is gdpr. saying enough is enough. we'll make sure you can control your data. everybody needs to start to take position. >> we're looking at san francisco. you said you wouldn't run for mayor. if there's a ground swell of support. would you do that? the city is in need. >> i believe business is the greatest platform for change. and at the ceo of salesforce and it's evidenced by what happened with prop c. what we have done with the medical center. and the public school. what we'll do for the homeless. we can do far mo

used ethically and humanely. that's becoming a core and strategic value of salesforce. >> do you think other tech companies need these. or thinking about these things? people feel i have written this, that these techdn't take a humanity course. and the issues they're facing. it's hard to know what to do. >> we're at a point in the his history of technology. the fourth industrial revolution. every company in the industry will have to look at the ethical and humane use of the technology they're building. you can see ta already in different countries with different type of organization structures. they're using technology that here in the united states we would never permit. >> china. surveillance. >> europe is gdpr. saying enough is enough. we'll make sure you can control your data. everybody needs to start to take position. >> we're looking at san francisco. you said you wouldn't run for mayor. if there's a ground swell of support. would you do that? the city is in need. >> i believe business is the greatest platform for change. and at the ceo of salesforce and it's evidenced by what happened with prop c. what we have done with the medical center. and the public school. what we'll do for the homele

us today. hundredth birthday. a special feature. six. d.w. . a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their vision successes and day to day business to present. its. history you know everyone is too small. to have a vision of the eyes of. digital africa starts december twelfth on d. w. .

tech bites", amazon goes low tech. the online giant is mailing a printed toy clog to millions of customers. amazon hopes to get a piece of the market that toys "r" us once had. but it isn't all low techit includes audio gear and game consoles. >>> samsung unveiled its foldable screen smartphone. using what it calls infinity flex display technology. it will be able to start mass production in a matter of months. >> here's a way to save time in the morning. a robot that can apply your makeup. it made its debut in china, applying makeup to this mannequin. the robot's arm can use mascara, brushes and various makeup tools. no word whether it will be for sale in the "tech bites". >>> can you imagine just sitting there and the robot does all of your makeup. that would be nice >> i think you're talking to the wrong person. >> yeah, that's omal t scooters you see everywhere dangerou >>> all right. here's a look at what's going on from sutro tower this morning. i want to show you the numbers tday. an, me.out all of we are tracking breaking newano. a ventura county sheriff's deputy and the suspect are among the dead. >> investigators say the gunman was killed inside the venue. as of right now,

tech and i stick with it. has october change that relationship? willem: on the technology side, what we look at this revolution, which we think will continue to be with us, we look at tech as an enabler. techlatform. it is about thin tech, health check, about robotic automation that i talked about. the trend is systemically still there. in terms of the overall of sides on equity markets, we are looking for lower upside than we had over the last number of years, better than 2018. but we do think you will need to be more active. we think the time for active management, to pick the winners and losers in each sect or, the one that will have the productivity gain first is the one that is going to lose. the more that you think about disruption, the more you need to do active management. guy: do your research, basically. thank you very much. come back and see us again soon. hsbc privatef bank, thank you. bonnie? vonnie: let's check in on first word news. mark: the u.s. says turkey's shelling of fighters in syria is putting american troops at risk. a state department spokesperson said that the united states has been in touch with turkey and a turkish dominated syrian militia to emphasize the need

tech returns are behind us. i believe the tech returned boom has peaked. there before the rotation takes over so you can benefit from the entire trade. what we are doing is still selling the rally in technally about china slowing down, that's going to hurt other countries in asia, which feeds into their supply chain. so, do you go into emerging markets? we already talked about the dollar's impact. alix: bloombergs michael mckee, thank you very much. , she is sticking with me. coming up, disney's future uses the force. the company outlines its new online platform that includes a new star wars series. ♪ ♪ alix: time now for a bottom line, companies worth watching this morning. i want to talk about disney. bob iger talked about the consolidation with fox and what he would do going forward. we are still going through the regulatory process. a lot of progress has been made there. we announced a couple of days ago that we gained approval in the eu. there are still some markets or countries that are waiting for approval, and we are in the middle of that process. in june, we said it could take as long as 12 months to close. are now increasingly optimistic that it will occur meaningfully before

tech and energy tech. to see these companies common to market, all of which are disruptive and using tech enabled strategiess exciting for us. this is our pipeline of ipos and m&a transactions in the future. jason: let's talk about disruption in a different way -- it is not a bunch of companies -- and i say this is a middle-aged white dude -- it is not all middle-aged white dude. carla: there is a specific focus on entrepreneurs of color and women. of the nine companies, eight werecarla: founded by women andn have multicultural founders. that exists no place else in the market. today we will have 16 companies that will demo, because we are also showcasing terrific companies from our partners, including hearst labs and nor venture partners. will be a great day for private investors, family offices, and private individuals. alix: you mentioned energy tech? a company that helps energies incorporation optimize their use of the grade. there is over $30 billion of waste every year with use of the grid. has a technology platform that will help these entities use the grid in a more efficient way. alix: health care

us markets — with tech stocks leading the way down. samira hussainjoins us from new york. if you look at the tech, google, facebook. as a few factors playing into this with regards to apple and amazon these are companies that are really consumer focused and the big reason for theirfalls that are really consumer focused and the big reason for their falls are the big reason for their falls are the trade war between the us and china. it hit a bit of a snafu over the weekend. when we saw that the two were meeting at the summit of the pacific rim. there was a bit of a standoff between the two so now any sort of hopes that there could be some resolution to the trade war the very near future sort of seems off. with regards to the companies like facebook and google was a lot of that there's going to more regulation imposed on some of the social media companies. that was already worries about security breaches and privacy concerns a lot of investors are bracing themselves for potential regulations to come. it's being reported that carlos ghosn has been replaced as chairman of renault, following his arrest

using multimedia series from africa. d.w.m. dot com africa. a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business to present. its. history in the everyone. is that now from mission. to. digital africa starts december twelfth w.

tech stocks -- timely, especially given questions around the big tech stocks. green is taking us into the implications of the midterms. he examines the trump administration as it heads toward a potential reelection. it is bananas. you can find more stories on businessweek.com over the weekend. ason: more bloomberg television starts right now. ♪ ♪ emily: i am emily chang. this is the best of bloomberg technology, where we will bring you the best of our interviews. coming elections worldwide, where despite the meddling outcry, facebook and google are the big winners of the night. and the most influential techussia is not overly concerned about facebook and election meddling. wer

us leading tech companies. its peers, amazon, google and facebook, all posted mixed results for the period ofjune to september, which spurred investors to sell off techs leading to a very turbulent 0ctoberfor share markets worldwide. so what is apple going to say? well, a key thing to watch for is its performance in china, where revenues rose i9% to nearly $10 billion in the previous quarter. but goldman sachs predicts a fall by as much as 15% in the three months to september. earlier this week, apple launched it's latest range of computers and ipads. the boss, tim cook, explained why people might be inclined to help the company boost sales during the all important christmas period. the all—new macbook air, thinner and lighter, now with touch id and this beautiful retina display. and our most loved mac is now our greenest mac. and the new mac mini, it's the lightest and most mac mini ever. and the new mac pro, with great features, and the most powerful chip with ever created. tim cook, the boss of apple, with his exuberant explanation of those new products. mike weston is managing director of the marketing firm agillic. good to see you. the results,

us today. hundredth birthday a special feature. in sixty minutes. a continent is reinventing its. self. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their vision successes and day to day business in the face of. its. history in the everyone. seems to. be fishing but i'll. get you to africa starts december twelfth on w. hi everyone welcome to this new edition of eco africa i'm cities and is the indianness burke and we've got lots of inspiring environments light is to say with you today but before we get started i'd like to say hello to my wonderful colleague n.c.a. in lagos thank you.

tech hardware was never the big problem in tech for us we actually thought it wasn't that crowded, it wasn't that expensive. what really worries me now the software and it services sways much more severe problems. that's the thing we should be talking about, the domino that hasn't fallen yet. >> how do you define crowding, though there's a limited number of shares out there funds own them and hedge funds have cut back their tech exposure far in advance of market declines >> we define crowding as take your community of people who pick stocks whether that's hedge funds, we actually track one basket belongs they've been underperforming since the middle of the year as they're pulling some of that stock risk off the table >> any of these companies are active managers and retail they dominate the holdings >> lori, are you standing by 2890 s&p end of year >> we think it's still achievable it's about 6% from where we were on friday and if you look at positioning for the broad market generally we think we're at a bit of a crossroads. i think stocks got crowded i think if we get the news flow cooperating, if we can get past the midterm election >> how do you get there without technology everyone just keeps dismissing -- steve, you're saying the market is not that far off. if these f.a.n.g. names are not going to participate, you're not going to get the s&p going back to 2900. how? >> if you get other sectors to work li

and then we would say, yes, to intels, ciscos and those types of tech names, again, i've used the phrase on your show, old tech, boring tech very reliable and you can look at outperformance over new tech over the last 7 weeks, it's been phenomenal. stuart: david, you make a lot of sense and we want to take time to wish you and yours a wonderful thanksgiving. >> happy thanksgiving to you all of you. stuart: check big board, hold to go gain of 100 points. i keep saying it but we were down a thousand in the last two days, up 100 today. look at caterpillar, it's the top gainer of all the dow 30 stocks, it's up 2.3% as we speak. how about foot locker? big increase in sales, it is the top stock of all the 500 in the s&p 500, it is up a whopping 17%. we have to check big techs again quickly, news from amazon breaking right now. they say its website inadvertently disclosed e-mail addresses and names of customers, they say it was a technical error, has been fixed, amazon is still up 30 bucks, big hour coming up, if this doesn't say corruption, i don't know what will, extreasurer of venezuela admitted to take a billion dollars worth

tightly, especially given questions around the big tech stocks -- timely, especially given questions around the big tech stocks. josh green is taking usimplications of the midterms. he examines the trump administration as it heads toward a potential reelection. it is bananas. carol: you can find more stories on businessweek.com over the weekend. jason: more bloomberg television starts right now. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: the following is a paid program for carshield that will show you how to save big money on your auto repair bills. today's show is hosted by tv's overhaul adrienne janic, and features appearances by former ghostbuster ernie hudson.

tech is the name of harris's initiative. watch will do a story and check us. watch videos on flying again like everything else on the truth about tech ends to raise awareness to the risks of social media and encourages social debate the campaign isn't bad with a budget of around six million euros some of the money is eminent for educational campaigns and schools like media partners so in so sponsoring t.v. broadcasts to the tune of forty three million euros. what's special about the campaign is that the initiations themselves once worked as programmers and developers for facebook or google. now they're criticizing what they helped create. behind the other side of the screen when you're using it there's a hundred engine ears whose entire job not because they're evil but their job is to figure out how do i keep you coming back to the product so you tube wants to auto play the next video snap chat wants to put the number of days in a row and something called the streak next to every single person in your kid's contacts they say if you've got thirty friends they say here's the number of days in a row you've spent you've sent a message to each friend and it keeps each of them hot. snapchat strategy certainly seems to be working. but it was one hundred people that take it really seriously and his defense streak starts fading this hourglass pops up and they'll call to say send me a snuff our glasses we can't lose our strength for longer. than a thomas years as a professor at the addiction research center in hamburg he found that two point six percent of german youth are affected by what he calls a social media disorder this can impact the whole of society as addiction quickly leads to depression. i didn't need to kind of well i don't want to sound too bleak but i see a huge tsunami coming towards us right now and divide to go tsunami. of in fact we're already has an early stage. with the right preventative measures we still have a chance to fight it but we have to use this chance. at hamburg's go to secondary school media competence plays a key role a social media officer helps students think about the use of social media and be critical of large companies the people don't believe that the companies self regulate. cause i think they have a huge responsibility in that respect because they control it on but i don't think that they would regulate it because things are the way they want it for the. good this is how they make their money on billions and i don't care if a few hundred thousand kids are addicted. so that because they earn billions off of . facebook incur love boasting about how they connect to people but they don't like talking about how they profit from making sure users stay active on their platforms . shifts as more social responsibility. and now networkers digital innovators committed to special projects today game abdulaziz al shehri. he was the first arab east ports world champion and proud of it known as mr dunne the saudi arabian man the fifth the interactive world cup in two thousand and fifteen with that he also achieved his goal of making sport better known and his country it's like an evolution because nobody has ever done such a thing i do everyone once they hear that i wonder if you thought was that they were just asking what is this game and what is it playing and how did we how did we become a waltz champion. that's an ideal is he's actually posts his gaming tactics on eugene and adds a commentary in arabic he likes addressing his followers directly and that's received well in the community. but. they treat me like a role model you know they they see something like ok we really want to be like the desis we want to win trophies we want it over the wall you want to be prophy for gamers and i think that's how they look life but for me i try to build it i try to give them some advice i try to motivate them if i wanted to you can win it. a large part of the population in saudi arabia is young gaming is a way for them to network and form communities communities that could create change beyond the world of e-sports. and now digital plastic surgery to impress on social media many users retouch their soldiers special photo apps pack on more muscle all smooth your skin what impact is this supposed perfection truly have. anywhere at any time alone together or in every group selfies have become part of our everyday life when people like your picture or their life makes you happy i am not against selfies but i don't really love them because i feel like people post them a lot to boost their confidence suddenly in school they called me selfie queen because i take selfies every day during each class. the perfect selfie platform is instagram over a billion users share their pictures on it and they're free to stage their lives however they like the photos are not always or frantic especially those of so-called influences they present a seemingly perfect life to their millions of followers and in big dogs through corporations with major brands as they go media educationalist on the various knows a lot about how this apparent perfection can affect youngsters. imagine the feeling here i am a fourteen year old girl with my own problems and i have to live up to this ideal being presented to me it puts young people under enormous pressure that. many pictures have been reworked to add a flatter stomach or beefy arms the retouch me app has been downloaded millions of times it's like digital plastic surgery the app faced you can even enhanced the details of your face to broaden your smile simply move the slider. and the impulses by test the apps abilities. all was me uncomfortable doing that changing my face like if you got used to doing that all the time then you wouldn't like yourself without it. you know my nose is too big anyway. you know i'm not sure that looks better. in the past people in commercials were role models but now it's normal amateur people who look at half eight cents and have a sort of surrounded by perfect looking people and that's ridiculous because it's not true nobody's perfect it's had kind of perfect. striving for perfection can become a problem studies show that beauty ideal circulating on social media can damage one's own self image. of career goals are a bit more susceptible but boys are affected too may follow people who go to the gym a lot in a certain body count is combat i. think it does i think that walked perceptions play a part you have to be careful you know when i was. especially when these ideals are fed with positive feedback online. shifts as the wrong role models can make you sick. and now are sure to sweep the ship snapshot. alan. in wonderland on instagram or france characters world famous tell the metamorphosis so far insta stories have mostly been pictures stories now the new york public library is experimenting on the photo platform with texts it's a new approach to spreading literature through social media. more and more classics are being made accessible online this way. edgar allen poe's the raven opens with a haunting and beautiful animation for displaying the text to scroll through. simply click right for the next page. and left for the previous page an intriguing experiment in presenting old stories a new way and that was our snapshot. you want more stories from the digital age and visit our facebook page the w digital. here you can find the latest digital news and trends as well as recommended apps tech gadgets and helpful to doritos as well as episodes of shift of course follow us and tell us what you think either of you digital on facebook. and as always on shift we leave through the exit internet find of the week today useful machine. is this what the heart of the internet looks like a machine which pumps out the eternal flood of data the fine cogs keep on turning in an endless loop transporting trillions of bits and bytes. no there's nothing inside it's just a pretty extreme. the argentinian mollies studio specializes in elaborate three d. animation useful machines is the name of the video clip they serve absolutely no purpose but they're wonderful to look at the point is art is producers know how to use computer generated graphics to make technology relaxing. and next week. sex with a robot researchers in barcelona are walking on humanoid robots with artificial intelligence how are they changing our views on human passion can they even be used the therapeutic purposes computers

us to make a difference let's inspire others. to an environment magazine. d.w. . a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business in france. it's. history you know everyone. seems to know how to fish from the. digital africa starts december twelfth on t.w. .

using fin tech tools like robo advisors or p. to p. in order to actually improve our financial health and again this is a great example of the benefits the fin tech has not only on the financial services industry but also on individuals you mentioned henri a few companies but i want to ask you and maybe the answer is all of the above but which are the biggest companies looking at. you mentioned facebook there's amazon ali a ten cent which are making this sort of major moves out there. yeah that's a very interesting when you look at the large technology firms obviously these large technology firms have an advantage over startups may not only to have deeper pockets but with certain extent they have the trust of their of their users i mean for example if i'm happy to put all my my kids' pictures on facebook i would want to wouldn't i use that as well to send money to friends and family or if i'm buying all my daily necessities on amazon we're going to use that tool as well to buy insurance products and what's being really interesting now is how we're seeing these large technology firms enter the financial services space and this is again one area wh

tech. and congress is fed up. it's about big tech no longer being entitled to say to america, trust us. big tech is no longer entitled to that trust. if it ever was. and big tech maybe is no longer entitled to be as big as it is. misuse of bigness can be in violation of anti-trust laws. there may be nothing that prohibits the amassment of market power. but misuse of that power can violate anti-trust laws. so it's not only privacy, consumer protection, but also anti-trust that has to be assessed. you all know, america is well aware, that we all carry with us the most sophisticated tracking devices ever invented. our phones monitor our movements on a minute by minute basis. they are privy to the most intimate conversations. we use them as credit cards and to monitor our health. they may know us better than we know ourselves. and the ones collecting the data yielded by those phones know us the best of all. that is also big tech. and worse, there is little that any individual can do about it. that's not the basis of innovation. it's an invitation to disaster. we have seen this year that the misuse a

us photos and videos. you're watching daily news i'm rebecca written thanks for joining me. continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business to present. its entire history in the in from one. to. two fish and. i'll. get you to africa starts december twelfth on w. . loop. moving. hello and welcome to a special and binge one of the series edition of q no we are mad about movies but we are also serious series junkies. small screen drama is booming with more serious than ever before being produced in countries all around the world many are finding global audiences germany has secured its slice of the cake that lavishly produced rabbit on palin is just one of a host of german shows enjoying international acclaim. the german capital berlin is being explored as a versatile location by a growing number of productions and it's not just the roaring twenty's the city's more recent past and its present are also being mined for series gold lynn is ready for its close up. so instead my scene is a magnet for ravens from all over the world a new series celebrates the

us on facebook at g.w. africa. a continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business the difference. it's. history in everyone stops. now because from the eyes of. digital africa starts december twelfth on t.w. . frank food. international gateway to the best connection self in road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. be our guest at frankfurt airport city managed by from. leave. me. please. this is due to be a news live from berlin british prime minister tourism a comes under intense pressure over gregson ministers to search her government in protest over her draft deal to leave the european union lawmakers also slammed the deal leaving her chances of getting it through parliament hanging by a thread. also coming up too frightened to return home. to change the bangladeshi camp's protest against the plan to send them back to me in march repatriation.

be more high tech oriented smarter than ever and with us to talk about some of the dangers internet privacy and security in security and privacy them is not easy right now when there's a tech expert but it's really more important than ever because one of the biggest trends we're seeing even this year is these in home internet connected devices we're talking about amazon's eco smart speaker maybe a fitness tracker even a voice activated teddy bear so you know luckily there are some good research. out there for consumers of they want more information one of them comes from the nonprofit internet foundation mozilla the maker of firefox it's released the second annual holiday shopping guide which reviews privacy and security issues when it comes to smart electronics the problem is though that the results are not so encouraging take a look at this report mozilla reviewed seventy items it looked at how much data is collected who it shared with and basic security features like encryption and it ranked them from not creepy to super creepy the crazy thing is that less than half of these items and that mozilla's minimum security standards one of the top ranked products for example t

us. sixty minutes on. the continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business the difference. into history you know everyone is too slow for. instance to mathematicians. i was. digital africa starts december twelfth on w. . welcome to in good shape coming up. good for you or bad the metabolic affects of fact. drugs and focus the debate on the legalization of cannabis and.

tightly, especially given questions around the big tech stocks -- timely, especially given questions around the big tech stocks. josh green is taking usplications of the midterms. he examines the trump administration as it heads toward a potential reelection. it is bananas. carol: you can find more stories on businessweek.com over the weekend. jason: more bloomberg television starts right now. ♪ ♪ david: you met your wife in high school? michael: we met in seventh grade. david: you didn't date around in the seventh grade? [laughter] david: explain how you invented high-yield bonds. michael: to de-risk america, you don't want to be dependent on banks. david: you came down with prostate cancer? michael: i lost 10 relatives. david: what is it that you did that helped to change how we finance -- michael: first you collect the data. david: do you have regrets in your financial career? michael: sure. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright.

tech tech like might in. gigi's on on the thousands of full and in and in. little do they do it online in technical trying g right anand with a different. use will flow towards now nice the total trying trying to three films. they same like might take some time. sometime as additional cabinet as he did you do the of the thing you. know. the name the name. of the other headlines and you'll do anything i'm i'm going. to start out doubt on the future of the well known -- the sense on a lifeline i understand that usually spend concerns that it was a strange during the alliance has. said. those who jones was were a business to business you don't know youou can. this accent i should and should not. thousand jo jo. it's i gave gates its whole total distance from the service that was useful. discussion. mr called in on emmy. soldier bowe tallestst recipient will l says that much more. strength of the japanese. the world's largest. kind of intense and i've been reading. of the online. are expected. to in china and i yes [inaudible] places. products and meat and identifying money train with the u. s. becoming something that states that it was it was

tech throughout the week. bloomberg tech is livestreaming on twitter. check us out, @technology. to follow our global breaking news network, @tictoc on twitter. this is bloomberg. ♪ ♪ carol: welcome to "bloomberg businessweek." i am carol massar. jason: i am jason kelly. we are in bloomberg's global headquarters. carol: this week, we have a special takeover issue. it is called the year ahead. it is a 365 degree look at the topics facing the business leaders in the coming year. it's all leading up to our summit hosted in new york city. we will be there. jason: we will be there.

us photos and videos. watching they don't the news i'm rebecca written thanks for joining me. continent is reinventing itself. as africa's tech scene discovers it's true potential. inventors entrepreneurs and high tech professionals talk about their visions successes and day to day business to present.

tech world. what are the obligations, the moral obligations, of the tech world as it has become a very big business for the rest of us? reid: it is one of the chapters in the book "blitzscaling." what is responsible blitzscaling? we are not just challengers to disruptors. we are becoming part of the social and logistics infrastructure. as we have become part of that infrastructure and we get to scale, our responsibilities change. we have to be transparent. we have to be in dialogue with society. we have to be more careful about which risks we take because we have a greater impact with that. david: does technology have a brand problem? we love facebook or twitter, but at the same time, there are questions being raised now. can we trust these people with our information, data, patterns? is there a branding problem here? reid: there is definitely a brand challenge at the moment, but it is recoverable. you ask a lot of people do they love their iphone, their technology service. the answer is generally yes. we asked the techndustry now need to say, do people also want to feel safe? they don't feel safe because of cyber hacking or my information was hacked, so we now need a higher level of safety. that needs to be added into the way we communicate with people. david: you spend a lot of time with the leaders of tech in silicon valley. do they get it? reid: i think they are learning. do they have it 100%? not yet. they are on a learning curve that is moving fast, so they will get there. david: what is the role of government regulation, u.s. government regulation? is there or should there be regulation? reid: it is possible some regulation could be good. it is easy to do a lot of damage to the tech industry and our position in the world, the inventions of the future, then it is to help, so we should be careful. where the dialogue should be is not should we regulate or not regulate as much as, what is the target? what do we want out of the companies? what do we want on the handling of data? what do we want on

tech platforms. it's really across our systems. but tech also gives us the recipe for success. >> you once said that technology is the canary in the coal mine. explain what you meant by that. >> yeah. the point really is that we very often, as we talk about the problems of facebook and twitter today, we act as though it's just facebook and twitter. it's just a problem with techand my point is that they are just showing us in a very obvious way what happens when you have these high-speed -- i call them in my book hybrid a.i.s because they're hybrid artificial tensions. massive collections of humans, in the case of facebook, 2 billion humans connected in this network. basically the human intelligence is augmented in some good ways but also amplified in unexpected ways by the algorithms which are being designed. it's a little bit like the early days of flight, you know, when they were trying to figure out how to fly. we're trying to figure out how do you weave, you know, billions of people into this dynamic system? and we have not figured out the equivalent of aeronautics yet. >> can an algorithm be racist? >> absolutely. and that's of course one of the things that we've learned, you know, increasingly as we look at the design of algorithms, the data you feed into them, particularly as we move into a.i.-style ago go rhythms which learn from the data. if you fee

emily: map out 2019 for us when it comes to ipo's and tech m&a, what do you see? i see very good techpos next year. class beneath that that are very good companies but quite a bit smaller. more goodee 50 or ipos. in terms of m&a, you'll continue to see large strategic's who are well-capitalized purchase some of these companies as they move on the route toward the ipo. gary and alex barinka, thank you both. quality in the bay area has reached unhealthy levels in the weeks since the camp fire set ablaze. how tech could be used in the future to predict similar disasters next. if you like bloomberg news, check us out on the radio. -- "bloomberg technology" is livestreaming on twitter. check us out @technology, and be sure to follow our global news network, @tictoc, on twitter. this is bloomberg. ♪ emily: california's camp fire has now become the deadliest and most destructive wildfire in the state's history. the number of people missing has swelled to more than 600. more than 60 people have been confirmed dead. meantime, the air quality in the area is rivaling beijing with ash blanketing