emily chang. coming up up, google is ramping up its cloud ambitions and investing in the company that owns snapchat. what is the search leader up to? more on this story next. this is bloomberg. ♪ mark: mrs. clinton praised the latest jobs report. the jobless rate dropping 24.9%. >> we have good news this morning, our economy created 161,000 jobs last month. that is 73 straight months of jobs growth. mark: in new hampshire, donald trump disagreed, saying the figures don't tell the whole story. >> the terrible jobs report that just came out shows the number of people not in the workforce increased by another 425,000 people last month. that's why you see these phony numbers, about 5% unemployed. people are stopping, they are not looking for work anymore because they can't get a job. these numbers are in absolute disaster. mark: in new jersey, a jury found two former allies of governor chris christie guilty of plotting traffic jams for political retaliation. jurors convicted on all counts. he recuse

ballmer speaking with emily chang. coming up up, google is ramping up its cloud ambitions and investing in the company that owns snapchat. what is the search leader of two? more on this story next. this is bloomberg. ♪ mark: mrs. clinton praised the latest jobs report. >> we have good news this morning, our economy created 161,000 jobs last month. that is 73 straight months of jobs growth. in new hampshire, donald trump disagreed, saying the figures don't tell the whole story. >> the terrible jobs report that just came out shows the number of people not in the workforce increased by another 425,000 people last month. that's why you see these phony numbers, about 5% unemployed. people are stopping, they are not looking for work anymore because they can't get a job. these numbers are in absolute disaster. mark: in new jersey, a jury found two former allies of governor chris christie guilty of plotting traffic jams for political retaliation. jurors convicted on all counts. he recused of intentionally creating the chaos

cory johnson in for emily chang. snap is filing to go public. sources say may be the biggest tech ipo in recent years could come as early as march. stocks have come roaring back. thiell talk about peter and how i trump presidency could impact technology. snapchat begins the process of going public -- the parent company snap is said to have followed confidentially for an ipo. month thed last company would seek as much as $4 billion in valuation, anywhere to $40 billionn on less than a billion dollars in revenue. what is the news? is filingp confidentially because it does not have a billion dollars in revenue yet, so it can do that. as soon asuld happen first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise and this is incredible considering they filed to go public before the election. everything seems much on track. cory: fairly amazing that if we are talking about a $25 million or $40 billion, not be 25 times revenue at best. xcebook went out at 12 revenue and collapsed afterward. this is very aggres

. ♪ cory: i'm cory johnson in for emily chang. snap is filing to go public. sources say in may be the biggest tech ipo in recent years could come as early as march. the fangs stocks have come roaring back. palantir cofounder joins us on his longtime partner peter thiel and how a trump presidency could impact technology. snapchat begins the process of going public -- the parent company snap is said to have filed confidentially for an ipo. that is something a couple he can do that makes less than $1 billion in gross revenues. we reported last month the company would seek as much as $4 billion in valuation, anywhere from $25 billion to $40 billion on less than $1 billion in revenue. what is the news? sarah: snap is filing confidentially because it does not have $1 billion in revenue yet, so it can do that. this ipo could happen as soon as first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise and this is incredible considering they filed to go public before the election. everything seems much on track. cory: fairly a

emily: i'm emily chang and this is "number technology." a wednesday earnings and and so is facebook leading the charge -- shares down 8%. our expectations just too high? alibaba shrugged off china's slowing economy. how long can the world's biggest e-commerce economy defy estimates? fitbit shares take a nosedive despite a reasonable third-quarter earnings report. why investors are worried about the road ahead for the activity tracker. facebook shares dropping in after hours. just over $7 billion from the same quarter last year. the sixth straight quarterly revenue beat for facebook has increased over the last four quarters but it doesn't seem to be enough to impress investors as the stock longed. cory is here with me in the studio. what do you make of the stock performance here? i think the expectations for a beat on a lot of metrics were high because she's done so well. this is a fantastic quarter for the company and fantastic year-over-year growth that that gail. but in particular, there was not an acceleration of mobile revenues. it was

emily: how do you actually change that? i'm sure read it didn't start out thinking they would be breeding a culture of hate, and neither did facebook or twitter. these networks sort of become what the users often want them to become. >> but you have to focus on it from day one. i know that, that these other platforms really didn't. what you focus on as a startup is growth at all costs. especially when your business model is one of advertising, you are forced to focus on growth at all costs. when you have something that is really proving to exponentially grow your platform overnight, you go with that. if that happens to be harassment and hate, you are incentivized to go with that. we're trying to set up a different business model, one that is in line with the communities, one that is in favor of the communities, so we are forced to make decisions against these things. we can't solve the problem that there are jerks online, but by merely trying in providing the tools for community leaders and members to help us help them, we

david: that was emily chang with mike evans. stocks are still on track to impress a weekly gains, but in emerging markets a lot today is bringing down postelection exuberance. john kerry is a portfolio manager at pioneer investment. good to have you with us. let's start with the lively last few days, as you put it in your note. how have you been navigating what we have been seeing? it has been a market that has had the rug pulled out from underneath it. investors are scrambling, trying to figure out what are the new possibilities and of abilities. the results of the election were not anticipated. people are working very hard to figure out what may happen. it is early days. keep in mind, the new administration has not even taken office yet, let alone past any new laws or changed any regulations. thatof the directions people are anticipating, of course, were suggested during the campaign. people are concerned about changes in trade policy, possibly friction with some of our trading partners as a result. thehe other hand, some of p

emily: i'm emily chang and this technology. coming up, a wednesday earnings bonanza, facebook shares down more than 8%. are our expectations just too high? alibaba shrugged off china's slowing economy with another report of double-digit growth. how long can the world's biggest e-commerce economy defy estimates? fitbit shares take a 30% nosedive in after-hours despite a reasonable third-quarter earnings report. why investors are worried about the road ahead for the activity tracker. facebook shares dropping in after hours. the company reporting third-quarter revenue just over $7 billion from the same quarter last year. profit, $2.4 billion. the sixth straight quarterly revenue beat for facebook has increased sales over the last four quarters but it doesn't seem to be enough to impress investors as the stock plunged. cory is here with me in the studio. what do you make of the stock performance here? our expectations for facebook unrealistic? cory: i think the expectations for a beat on a lot of metrics were high because facebook

i am emily chang. ♪ emily: this is bloomberg technology. coming up, u.s. stocks get a big boost as donald trump wins the white house but some tech stocks are down. will break down the winners and losers. plus, after silicon valley lost a bet on the presidency, the industry considers the next four years. we will map it out. twitter operating chief says goodbye to anthony noto taking over his role. what it means for twitter after playing a controversial role in the u.s. election. market reaction to the u.s. presidential election, one of the single biggest day reversals and stock market history. the dow jones industrial average ended the day just shy of the record close. stocks missedech on the rally. amazon, microsoft and facebook shares dropping amid speculation of what a trump presidency would be for all of these companies. investors are wary of what the next administration means for them. joining me now and analyst at bloomberg's global head of markets. thank you for joining us. you did not vote for either candidate but you have been very vocal about both

. ♪ >> i am emily chang and mrs. bluebird technology. coming up, silicon valley is most divisive voice. peter thiel defense. by another block lester week of tech earning. everything you need to know. withmy exclusive interview a ceo about the impact of learning machines and more. first of all, peter thiel opens up about his support of donald trump. he said the presidential nominee represents a new republican party. peter thiel: the medical it happens in this election, what donald trump represents is not crazy and is not going away. he points to a new republican party beyond the dogma of the reaganism. he points beyond the remaking of one party to a new politics that rejects bubble thinking and reckons with reality. emily: peter thiel has been a political lightning rod will stop he has been affecting supporters which almost universally oppose the presidential nominee had he increased his support by donating $1.25 million to donald trump's campaign. , asing me, bob o'donnell well as bloomberg tech venture reporter. it was interesting as th

. ♪ ♪ emily: i am emily chang, and this is bloomberg technology. tesla gets the green light on the merger with solarcity putting elon musk closer to a one-stop shop. big tech sends donald trump it's wishlist. we speak with representatives from facebook and google. and a tech ipo rebound may be on hold until president-elect trump's policies become more clear. tesla and solarcity shareholders approved a merger between the companies. the man who runs it all, elon musk, shared his gratitude. >> i would like to thank the shareholders that voted in favor of the transaction. by an overwhelming margin. i think your faith will be rewarded. i think there will be some amazing stuff that comes out. emily: joining me now is david the senior research analyst at robert baird. david, what does this say about elon musk's ability to sell a a controversial deal through? reporter: it was controversial. over the course of the summer, some of those who opposed the deal, some of the shareholders who were not in love with it, started to settle down. theyrock, bailey giffo

i am cory johnson for emily chang. turning back to our interview of susan wojcicki on bloomberg studio 1.0. take a listen. susan: the main thing for me has been to focus and prioritize and so, i am really good about saying "this is my work time." when i am in the office, i am really focus on what i am doing and prioritizing. i always think about how do i get from point a to point b as quickly as possible? i don't have forever. andnnot stay till midnight work weekends. it caused me to see some of the shortcuts, some of the new opportunities because i was thinking about, how do i grow the faster? let us forget about all of those other things that are going slowly. i do not have time on that. i have to focus on the big ideas and we have to get them done now. that is really good intent because tech is about growing big ideas quickly. and so, i use my work time to focus on that, and then when i get home, i try to focus on my family and my kids. my husband is very helpful. ialistically, to be fair, as have risen in my career

i'm emily chang. turning now to bloomberg studio 1.0 where we speak to the biggest influencers of media and technology. i started by asking vinod khosla about his humble beginnings in delhi, india. khosla: we started another company called the data dump about three months before we started sun. i love this story for the following reason -- nobody remembers your failures. this is great about entrepreneurship -- failure does not matter, but one's willingness to fail gives one the ability to succeed. if you are not willing to take risks, if you are not willing to fail, you're not going to do anything interesting because most interesting things are new, and new things involved risk, and risk involved failure. emily: why did you leave when you did and what was your biggest take away? khosla: i started a company called daisy systems. it was quite successful and went public in 1986, and it made more money for me than i thought i needed ever in my life, so i then want to do -- i then wanted the freedom. i joi

bloomberg technologies emily chang. alibaba shares are off by 2% at the moment. coming up, we will hear from a ceo about the company's better than estimate or quarter results. europe's biggest insurer saw its profit rise by 36%. this is bloomberg. ♪ julie: you are watching bloomberg. i'm julie hyman. mark: i'm mark barton this is your global business report. u.s. regulations tried to impose limits on wall street pay, but they are racing against the clock and time is running out. julie: a recorder for rosner. if they'll even as oil output grew. quick take,ay's white americans spend more on prescription drugs than anyone else in the world. the world's largest entertainment company had a rare stumble in its fiscal fourth quarter. still, disney is predicting growth will pick up next year. the company posted lower revenue and profit in the most recent quarter. part of that was due to lower at sales and a drop in cable subscribers to networks like espn. bloomberg spoke with ceo bob iger. bob: there were a couple of thewinds like the cost of new mba contract for espn

emily: this is "bloomberg technology ." i'm emily chang. we are focused on what big data technology can tell us about voter sentiment at this moment. crowd packed is a nonpartisan startup whose mission is to make it easier for voters to learn about who is running for office. you can get information about which candidates share your views. all the data is based off funng information from disclosures and information. just days to go before election day. you have been looking into where did the tea party go. where do the tea party go? did they all just fold into trump supporters? guest: the short answer is yes. great to be with you. i'm surprised people aren't sick of hearing about the election but i will try to make it interesting. an interesting thing has happened in relation to the people used to support on the republican side those really aggressive challenges to establishment republicans like paul ryan and so on, they seem have too flocked to trump. the tea party has become the trump party. the other thing that has happened on the other s

. ♪ emily: i'm emily chang and this is "bloomberg technology." a busy tuesday of technology earnings. electronic arts boosting its outlook for the holiday quarter and square with an upbeat revenue forecast. details on how jack dorsey's other company performed in q3. and a stronger yen and earthquake sink sony. we will break down the electronic giant's nosedived. shares of electronic arts are higher in after-hours trading after beating analyst estimates. it's the first of a handful of videogame publishers reporting this week. adjusted earnings fell on revenue that also fell 4%. investors are watching guidance for the holiday quarter. ea raising its forecast lower than some analysts estimated. joining us now to discuss are my guests in new york and l.a. what would you say are the high points here, moving into the biggest quarter of the year for all game makers? guest: the key point is ea continues to deliver a very strong results. the core franchises, the sports games are performing very well with fifa engagement up year after year. all in all, the

♪ emily: i'm emily chang in this is the best of "bloomberg technology" where we bring you the top interviews. market saw a big lefty after donald trump one the white house. we will map out how the industry is planning for the next four years. what a trump residency means for issues and tech from global privacy to u.s. immigration policy? chinese internet companies facing the reality after donald trump's surprise victory and alibaba has the most to lose? we will hear from alibaba's president? market reaction following the presidential election? we have seen the biggest reversals in market histories? dow ending just try of a record close? a handful of stocks missed out on a rally? facebook shares dropped? . we broke it down with an analyst and a global head of tech coverage. knowson't think anybody with confidence. him who admitto they don't know what he believes. it will be an interesting four years. the republicans won at all levels in the government. we should see less taxation and less regulation. improving flexibility for tech startups is the highlight. there should be a degree of freedom

emily: this is number technology. i am emily chang. this according to people familiar with the matter. if a deal happens, it would follow a slew of transactions in the rapidly consolidating semiconductor industry. joining us now with the latest on the industry are bloomberg tech reporter ian king, who has been very busy the last several days, weeks, months. tell us what this means for the .hip landscape ian: it is unique, a bit of an outlier and make the chip that going to aircrafts, and they are called hardened chips, so they are radiation safety. the good thingut the business is long-term margin and bad thing, no big ups and downs. emily: there is a history of potential takeovers here, but were kind of companies do you think will be interested? ian: we have named this guy works as being one of interested parties and they, as you remember, actually got into bidding with micro semi for another chipmaker. what we are looking at is they are the one that is going to be .rimarily interested emily: emily: is the thinking that these guys nee

. ♪ emily: i'm emily chang and this is "bloomberg technology." coming up, cisco shares sliding after the company forecasts a text in a slowdown on the horizon. the full earnings report ahead. plus, twitter suspends the accounts of prominent white supremacists as it attempts to curb abuse and harassment. and a short seller says tesla shareholders should quote, have their heads examined if they approve the pending deal. his full comments ahead. first, to our lead. fallout from the election of donald trump continues to ripple through the tech world, especially when it comes to social media companies. twitter says it suspended the accounts of prominent white supremacists, among them, richard spencer, often credited for spearheading the so-called alt right movement that supported president-elect trump. twitter also added tools this week to help users better filter out of use. in a statement, the company says, because twitter happens in public and in real time, we've had challenges keeping up with and curbing abusive conduct. we took a step back to res

i am cory johnson in for emily chang. turning back to our interview of susan wojcicki on bloomberg studio 1.0. she talks about being a working parent and the importance of diversity in tech. take a listen. susan: the main thing for me has been to focus and prioritize and so, i am really good about saying "this is my work time." when i am in the office, i am really focused on what i am doing and prioritizing. i always think about how do i get from point a to point b as quickly as possible? i don't have forever. i cannot stay till midnight and work weekends. it caused me to see some of the shortcuts, some of the new opportunities because i was thinking about, how do i grow this faster? let us forget about all of those other things that are going slowly. i do not have time on that. i have to focus on the big ideas and we have to get them done now. that is really good in tech because tech is about growing big ideas quickly. and so, i use my work time to focus on that, and then when i get home, i try to focus on my family and

emily: i'm emily chang and this is "best of bloomberg technology." we bring you all of our top interviews from the week in tech. coming up, facebook in the eye of a post-election storm. c.e.o. mark zuckerberg strikes back at critics who say the social media site swayed the presidential race. plus snap is filing to go public. sources say what may be the biggest i.p.o. in recent years could come as early as march. first to our lead. snapchat begins the process of going public. its parent company snap has filed for an i.p.o. under the jobs act. this is something a company can do if it makes less than $1 billion in annual revenue. its i.p.o. would be the biggest of a social media company since twitter sold shares back in november 2013. our editor at large cory johnson caught up with bloomberg's social media reporter and y combinator partner after the news broke. >> snapchat is filing confidentially because it doesn't have a billion dollars revenue yet. it can do that within the law. this i.p.o. could happen as soon it is a first quarter of this year, may

. ♪ emily: i am emily chang, and this is bloomberg technology. tech earnings.of we are keeping score. electronic arts boosting its outlooks for the holiday quarter. plus, an upbeat revenue forecast. details on how jack dorsey's other company performed in q3. sinks sony.e the japanese electronic giants nosedive. shares of electronic arts are higher in after-hours trading after beating analyst' estimates. --andful of the video game to one point $1 billion. investors are closely watching the guidance for the holiday quarter. they are raising their forecasts, but still lower than some analyst had estimated. andael pastor and l.a., matt kent german -- matt kente rman. eathe key points, is that continues to deliver on strong results. the core enterprise and other sports games are performing very well with engagement up significantly year on year. out,have new games coming battlefield one and titan fall two. they are all on a good start. these are in early stages. it looks like they are executing on their strategy well. emily: you mentioned the new shoo

i am emily chang. technology is like -- t echnologies are seen as innovative. is the tech industry's lack of empathy a real issue? if so, how much will that miscalculation cost the industry? now, great to have you back here. you open to the piece talking about the quiet and depression that has swept silicon valley since the election. what do you mean? that in thel aftermath of the election, the response from silicon valley was , we could have done more or we could have given more money. there was a lot of sense of self-righteousness about as if we did not do enough. the point of election. there was a lot of debate on facebook and twitter and people who have called friends. emily: it is still happening. guest: i took a week to step back and say, way, why are we not talking about what is the of why a large portion of our society want it a certain way and the more you realize it, it is coming from the place of people have very little hope. they have no jobs. the economic prospects are dark. and people are fearful. and to make it all about silicon valley is the wro

emily: i'm emily chang and this is "best of bloomberg technology." e.o. mark zuckerberg strikes back at critics who say the social media site swayed the presidential race. first to our lead. snap chat begins the process of going public. they filed for an i.p.o. under the jobs act. this is something a company can do if it makes less than $1 billion in revenue. its i.p.o. would be the biggest of a social media company since twitter sold shares back in november 2013. our editor at large cory johnson caught up with bloomberg's social media reporter and a partner right after the news broke. this i.p.o. could happen as soon it is a first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise. this is really incredible considering they filed to go public before the election. everything still seems pretty much on track. >> fairly amazing here that if we're talking about a $25 billion i.p.o., facebook went out and collapsed afterwards. this is very aggressive pricing. >> this is absolutely aggressive. what they are going to

i'm emily chang. with the u.s. election just days away, we have been covering how the results could impact silicon valley and the repercussions for tech globally. i sat down with steve ballmer and got his take on the pending election and what businesses can gain or lose. take a listen. i know you typically vote republican. steve: i never said that. i am an independent. i am not registered with either party. i am an independent. i care about issues deeply. i will vote for anyone who shares my interests. emily: what do you think a hillary clinton presidency would mean for innovation? what would a donald trump presidency mean? steve: neither plan has much to do with job creation. i am probably less convinced that federal government action versus local government action has anything to do with job creation. i think job creation comes out of productivity gains, which comes out of innovation. emily: do you think this election has become too much about not the issues, not enough about what's important? steve: it's become

. ♪ emily: i'm emily chang and this is "bloomberg technology tilde coming up, seven years after getting kicked out of china, facebook reportedly has a way to get back in. we will dig into the social networks plan to reach his largest untapped market. after a bitter election, and americans are ready for some retail with black friday kicking off in two days. you will find out the top holiday trends in tech. the most packable gifts under .he christmas tree this season remember, trying to block facebook in 2009, it is not certainly social network could return to the nation given licensing restrictions and other regulations that aber locally companies. facebook has said it's interested in china but hasn't made any decision on its approach and declined to comment on the times report. here with me is the chief analyst at technology research and from hong kong, are bloomberg news reporter lulu chen. facebook is saying it is struggling with how to deal with fake news and yet there seems to be a possibility they can use their technology or products to censor out news that people don't want to see

i am brad stone, in for emily chang. the chicago cubs had an epic win in game seven of the world series to end their 108 year drought. the team wasn't the only one who hit a home run. fox sports says chicago's game -- 8-7 win over the cleveland indians was the most-watched world series game in 25 years. it gave u.s. major league baseball a much-needed ratings boost. it turns out baseball isn't the only major sport that has been needing a pick me up. for more on this, i want to bring in longtime media exec patrick kane as well as sarah from bloomberg. patrick, i am a little depressed today because my cleveland indians were defeated in an epic game, but it is great for chicago and it is great for major league baseball. why was this ratings turn out such a big win for the league? >> absolutely huge one for the league. this was the highest rating in 25 years for major league baseball. let me repeat, 25 years. to have 40 million viewers nationally watching the game is pretty extraordinary. i know we will get into it in a litt

i'm emily chang. the holiday shopping season is here and retailers are expecting the crucial fourth-quarter will be strong. adobe predicting black friday sales will jump 11% from last year. from game boys to vcr's, tech items have been at the top of consumer wish lists for decades. here to explain the land shape for shoppers this year is the chief economist at the consumer technology association. also stole the studio, bob o'donnell. so, cyber monday is actually expected to be the biggest shopping day in history. what are some of the most surprising trends you're seeing? >> online shopping and the shift to online continues to be a major force in what is happening this week, and still he obviously into monday. -- spilling obviously into monday. we expect mobile to we up nearly -- be up nearly 50% over last year. we have tremendous growth in that segment of shopping this week, and obviously into cyber monday. emily: throughout the week, when is the best time to shop, when is the best time to get the bes

i am brad stone, in for emily chang. the chicago cubs had an epic win in game seven of the world toies, marking and iend their 108 year drought. the team wasn't the only one who hit a home run. fox sports says chicago's game 8-7 win over the cleveland indians was the most-watched world series game in 25 years. it gave u.s. major league baseball a much-needed ratings boost. it turns out baseball isn't the only major sport that has been needing a pick me up. for more on this, i want to bring in longtime media exec patrick keane as well as sarah frier from bloomberg. patrick, i am a little depressed today given that my cleveland indians were defeated in an epic game, but it is great for chicago and it is great for major league baseball. why was this ratings turn out such a big win for the league? >> yeah, it was an absolutely huge one for the league. if you look at this, this was the highest rating in 25 years for major league baseball. let me repeat, 25 years. so to have 40 million viewers nationally watching the game is p

emily: i'm emily chang and coming up, the tech community chooses sides with less than 24 hours to go. we will tell you who is voting who, and analyze the impact of a bitter u.s. election on silicon valley. plus, lighting up the markets for a second trading day. we are joined with inside on the cyber threats from russia on u.s. politics. and steve ballmer drops the mic with the richest sports team owner. everything from how we drifted from bill gates to the $50 billion a shot that salesforce. priceline shares after-hours trading after third-quarter earnings beat estimates, despite the company announcing an, $1 billion write-down. we will tell you what to expect from the top tech stories of the week, including the biggest story of the year. that is the presidential election. joining us now from new york, paul sweeney a bloomberg intelligence. bloomberg tech starter reporter eric newcomer, in a cory johnson. we will start with priceline, announcing this big write-down of opentable. what do you make of this? >> this could have been a train wreck for them. they spent nearly $2 billion on i

emily: i am emily chang and this is the best of "bloomberg technology." we bring you all of our top interviews from the week in tech. coming up, facebook is projecting a slowdown in ad growth. have expectations been too high? alibaba shrugs off the chinese economy with double-digit rowth. how long can they continue to defy estimates? steve ballmer weighs in on the u.s. election. first to our lead, facebook had a quarter the past xpectations. just over delb 7 billion. that's up 50% from the same quarter last year. that is a profit of $2.4 billion. it is the sixth straight quarterly beat for facebook. executives suggest they won't be able to repeat the performance and investors are taking note. james joined us along with cory johnson. take a listen. cory: the expectations were quite high. by any reasonable measure, this is a fantastic order for his company. there was not an acceleration of mobile revenues. it was hard to find it did emily: it was 04 years ago. zero four years ago. cory: any number of statistics is look at, this is a antastic report. >> jame

. ♪ this is "bloomberg technology," i am emily chang. we are focusing on energy this week. first up is solar. in the weeks following donald trump election, there have been endless speculations about what like infuture will look the united states. donald trump has promised to bring back, and jobs and scrap president obama's clean energy initiatives. solar jobs have grown 12 times faster than the rest of the economy. joining us now to scout the read lynn, andoad ahead, our editor at large, cory. thank you for joining us. donald trump is a guy who has indicated maybe climate change is a hoax. how concerned are you about your company's future? renewables are absolutely here to stay. not concerned at all. people want it. just highlight what voters wanted, if we look at the federal election, where the energy policy gets that is really more at the state level. there were two places where there was voting based on solar, and that was in florida and nevada. in florida, the same voters that elected donald trump and marco rubio also voted to keep rooftop solar. rooftop solar is very o

. ♪ emily: i'm emily chang and this is "bloomberg technology." coming up, a shipping disaster for amazon. a pilot strike threatens delivery for the e-commerce giant's biggest weekend of the year. plus, hp's quarter will disappoint. output fromslumping its servers and storage divisions. from the ceo of the new york times. coming up, president-elect donald trump makes peace with the new york times, a target of his frequent tweet storms. but first to our lead, a pilot strike could hit amazon where it hurts and disrupt deliveries during the most important shopping weekend of the year. 250 pilots employed by abx air are protesting alleged staffing shortages. abx is asking a judge to force its employees back to work. all of this as the we tell industry gears up for an 11% increase in online spending over the next two months of last year. amazon will benefit from much of that. joining us to discuss is sj consulting group's president. also our bloomberg news reporter who covers the airlines. bx pilots -- captain is joining us on the phone. michael, i wan

. ♪ emily: i am emily chang, and this is "bloomberg technology." cyber monday. threatening the one-day shopping spree's 10-year reign, and donald trump refuses to quit tweeting, and female coders. even though there is unprecedented growth, there is still not enough to fill jobs, and sounding the alarm under president elect trump, but first, to our lead. cyber monday, online shopping up, but the idea of a one-day online shopping extravaganza is fading, because more u.s. consumers are choosing to skip the doorbusters and shop anywhere they want, but this was the first day of retail history with more than $1 billion in revenue, a 33% jump from the year before. that has led some to say that this was the moment when shopping on a smart phone officially went mainstream. our bloomberg contributing editor and a director of research, john. john, i will start with you. john, do you think cyber monday and black friday are already things of the past, and if so, why? john: no. there is still value. i run the internet research group, and you see amazon has been pretty focused

. ♪ emily: on emily chang and mrs. "bloomberg technology." we will break down the reasons why the technological sector seems to have hit a wall. alibabaabama -- celebrates the shopping frenzy called single state. zuckerberg comes out, blasting critics. first, investors scratching their heads over what a donald trump presidency will mean to business. stocks started the week with a rally with enthusiasm for a clinton when and after a plunge on election night, stocks posted big gains on wednesday and thursday as investors warmed to donald trump's win. section -- sector in the red is tech. there is concern that donald trump trade policies might cut 'sto eight tech -- big tech profits. kathy joins us. why is tech feeling the brunt of this, is because silicon valley chose the wrong side? it has toon't think do with that, i think the stocks he featured here have done so well this year, so well in the last few years that once people understood we would see lower tax rates, deregulation, more of a pro cyclical market, i believe we saw a rotation more

. ♪ emily: i'm emily chang and this is "bloomberg technology." big tech is down for the third consecutive day. we will break down the reasons why the technological sector seems to have hit a wall. plus, alibaba celebrates the shopping frenzy called single state. -- called single day. and mark zuckerberg comes out swinging. investors scratching their heads over what a donald trump presidency will mean to business. stocks started the week with a rally with enthusiasm for a clinton win and after a one-hour plunge on extended trading, stocks posted equally big gains. the one sector in the red is tech. facebook, amazon, netflix, and google all down. joining us now for an investors od.e, kathy wo holdings aretop facebook, amazon, tesla. why is tech feeling the brunt of this? kathy: i don't think it has to do with that, i think the stocks you featured here have done so well this year, so well in the last few years that once people understood we would see lower tax rates, deregulation, more of a pro cyclical market, i believe we saw a rotation more towar

. ♪ emily: i am emily chang, and this is "bloomberg technology." cyber monday. threatening the one-day shopping reign, andyear donald trump refuses to quit tweeting, and female coders. even though there is unprecedented growth, there is still not enough to fill jobs, and sounding the alarm under president elect trump, but first, to our lead. cyber monday, online shopping a one-daye idea of online shopping extravaganza is fading, because more u.s. consumers are choosing to skip the doorbusters and shop anywhere they want, but this was the first day of retail history with more than $1 billion in revenue, a 33% jump from the year before. that has led some to say that this was the moment when shopping on a smart phone officially went mainstream. our bloomberg contributing editor and a director of research, john. john, i will start with you. john, do you think cyber monday and black friday are already things of the past, and if so, why? john: no. there is still value. i run the internet research group, and you see amazon has been pretty focused on -- they are calling

. ♪ emily: i'm emily chang and this is "bloomberg technology tilde coming up, cisco sure sliding after the company forecasts a text in a slowdown on the horizon. the full earnings report ahead. oftter suspends the accounts prominent white supremacists as it attempts to curb abuse and harassment. says teslat seller shareholders should quote, have their heads examined if they approve the pending deal. his full comments ahead. first, to our lead. fallout from the election of donald trump continues to ripple through the tech world, especially when it comes to social media companies. twitter says it suspended the accounts of prominent white supremacists, among them, richard spencer, often credited for spearheading a movement that supported president-elect trump. twitter added tools this week to help users better filter out of use. a statement, the company says, because twitter happens in public and in real time, we've had challenges keeping up with an curbing abusive conduct. we took a step back to reset and take a new approach by focusing on the most critical needs. facebook continues to c

. ♪ emily: i'm emily chang. up, nasdaq ceo goes against the grain, saying a trump presidency would be good for the tech industry. that interview ahead. plus, payment provider strike gets $150 million in funding and creates ireland's youngest billionaires. our exclusive interview with the cfo. and the focus on energy route -- energy week continues. we will ask the ceo of sunrun if trump that's the clean energy industry and ginger. first, to our lead. trump has chosen chao forelaine department of transportation secretary. >> we are at the early stages of a revolution in transportation technology, and i living these automobiles in real time is going to be part of how we learn how to make them even savor overtime. emily: so what does the choice of elaine chao mean for the u.s. self driving car market? winning us to discuss is our guest joining us to discuss is to discuss is us our bloomberg technology reporter. why do you think trump picture? -- picked her? >> she is a former bank of america executive, a former corp

i'm emily chang. ahead of the u.s. election, toestors have been beginning hit pause. in the v.c. world, both the value and number of deals slowed in the third quarter. that hesitation could spill over into the rest of the year. guest recently published a report saying consumer brands potential thane firms.onal tech notable -- weral are joined now in the studio. you came out with a very, very strong anti-trump message, took over your entire website, leading up to the election. digesting thisen within the firm? >> yeah. i think all of us in silicon valley are largely in shock. know, our statement at crv was really a statement early on about immigration and specifically some of the comments that donald trump had aboutbout muslims, mexicans. as we try and get a handle on think thisened, i election really is about jobs. if sort of first needs of -- i think of the hierarchy of needs, i think that the data says we really have to embrace message of americans wanting jobs, specifically in the midwest. i guess i'm hopeful -- i think all of us are hopeful that here in we have someone silico

over time, that has changed. emily: quite considerably, you brought life to software conferences that will never be seen again. where did that guy come from? steve: that is a very good question. there was a rate few -- breakthrough for me. that is when i was a football manager at harvard. it is not the loftiest position. you have to say hey, listen up a minute. you have to speak before a pretty unruly group. that is how i broke through. emily: your dad worked at fort, you excelled in math and science even early on. at harvard, some other kid named bill gates apparently lived down the hall. and you are better at math than him. steve: that is an extreme way to say it. on the putnam prize math competition, i did beat him our sophomore year. emily: how did you get to know him, what was your relationship in school? steve: we got to know each other, took math class together and brainstormed a little about what would -- what he was doing with microsoft. about a year after the company moved to seattle, he called to say w

. ♪ emily: i'm emily chang and this is "bloomberg technology." president-elect trump is picking his team but his choices won't please those looking for postelection moderation. plus, social media under fire. facebook and twitter have very different ways of handling the postelection backlash. and, the backlog of companies ready to go public is growing but trump's uncertain policies could be bad news for tech ipo's. what happened to u.s. cyber and national security policies with trumpet in the white house? it is a key question after the president-elect named alabama senator jeff sessions as attorney general and kansas representative mike pompeo as head of the cia. michael flynn will be national security advisor. what do they stand for? what happens to the strong bridge the white house built between washington and silicon valley? cdo, appointed the first chief data scientist. obama attended the tech heavy sxsw interactive festival, hosted a q&a, held twitter town halls, and seemed to have a direct line to bill gates, mark zuckerberg, and tim cook. j

. ♪ brad: i am brad stone in for emily chang. this is bloomberg technology. 20% after aves over disappointing third-quarter snapshot. plus, escalating cyber threats with the u.s. election just days away. homerun run with the most-watched world series game in 25 years, but the nfl suddenly appears to have a ratings problem. gopro shares plummeting as much as 25% in extended trading. it has become the latest hardware maker to fade in the holiday season. the forecast in the third quarter missed analyst estimates. gopro also admits the estimates -- also missed the estimates for third-quarter sales, down 40% year-over-year. is $104 million. the ceo told investors on the earnings call that production issues were to blame for the week results. >> as a consequence of our compromise production ramp, we were unable to restock channels that had been cleared legacy product in the third quarter. furthermore, we anticipate difficulty catching up to match forecaster demand during the fourth quarter. york, bloomberg technology reporter. stockerg