ceo, ands ceo, south32 wesfarmers ceo paul join us live, later. history as it leads the great tech stocks of 2020. that is next. this is bloomberg. ♪ haidi: it was a big day for apple, making wall street market value its pushed above $2 trillion. many saw this coming, and shares have doubled since march. in rarer fraudow --re -- in itsook 38 years to reach first $1 trillion, the next trillion came in just two years. if we go into the bloomberg quickly. there is now almost a new milestone. it is close to overtaking the value of the russell 2000 index, meaning it would be more viable than all 2000 small cap companies. during theed back covid-19 lockdown. what has pushed apple so quickly in the last years has a lot to do with the new iphones, apple watches, air pods, and services. inceo was instrumental bringing about cloud-based and enter not -- internet-based services, and many analysts believes that brings in the revenue that pushed it higher. it has a lot of big investors like warren buffett, and while it is imminent the stock split could have be

staying with aussie result, wesfarmers is reporting a four-year profit drop of 69% with a net income.2 billion, paying a special dividend payment as well. ceo rob scott talk to us about managing australia's largest workforce amid the pandemic. rob: i think one of the biggest challenges that i think we have how do wee well is keep a hundred 7000 team members engaged and safe and what is a really turbulent time. and we are really proud of the way our team has stepped up the challenge. we have made a lot of changes within our business to protect the health and safety of our team and our customers. and i think the results we have delivered this year are really attributed to those 107,000 team members who have delivered them. >> australia now faces less of a fiscal cliff to the job keeper program the government announced. you're one of the biggest employers in ostrow you. how do you rate -- in australia. how do you rate the government's response? rob: i think the federal government should be commended by voting swiftly and decisively with the launch of job keeper and the job seeker progra

they had some write-offs, that they decided to pay special dividends and now wesfarmers i gaining groundlevel on record. of course, this is the peak of earnings season. theye getting a look after came out with earnings in the last hour or so. .2% after they beat estimates. that is still down 81%, year on year there. a full year of net loss versus profit of 189 million just a year ago with that final dividend per share of one cent. speaking to the ceo a little later as well. mitchelln to karina with the first word headlines. >> the u.s. and china are set to be in a set of talks. sources tell us the review will not happen soon. a precise date has yet to be set. -- neverwed net actually made the agenda. the u.s. is stepping up opposition to china, terminating three agreements over the national security law. it covers the transfer of convicted people and reciprocal taxes on shipping income. it indicates the concern of a beijing's growing influence and control over legislation. tosident trump plans reinstate sanctions after a heavy defeat at the un security council last week. mike pompeo is s