care to discuss is sarah frier -- here to discuss is sarah frier. how did that even happen? >> he was trying to explain what facebook does with people who deny the sandy hook elementary school murders. he was saying that in some cases, it is harassment. like if you go to the victim, one of the parents of one of those children and saying that -- your child was not murdered, that would get taken down. but if you are simply denying it happened, you might not be intentionally trying to harm anyone, so therefore, facebook would not take it down. he tried to relate it with the most unsympathetic example possible, the holocaust, which you probably should not bring up in an interview on a spontaneous podcast situation. emily: and his apology doesn't necessarily sound like an apology. it is not a reversal. sarah: facebook does have this policy to allow people who deny the holocaust to remain on there for years. they talked about it in 2009. this is a very common issue for social media companies because holocaust denial is one of those things that you have to decide early on. it is il

emily: krishna, the cofounder of captivate and sarah frier, thank you. bloomberg operates a global news network on twitter called tictoc. we go under the tesla tent to go under the full story on what elon musk has called production hell. this is bloomberg. ♪ ♪ emily: let's talk tesla. in "bloomberg businessweek," for news reporters took a deep, dive look at tesla's production of the model three in all of its grid and glory. elon musk has turned to robots and finery -- firing contractors and a big tent. our senior reporter joins us to talk about the different conditions faced with tesla workers. you spoke elon musk and he said he wore the same close five days in a row. what other insights did you hear from him? >> we've been watching tesla, and you know this is a company that is having a hard time, they tried to grow from making 100,000 cars he year to 500,000 cars year. elon told me this was an existential crisis point for the company. he said he bet the company now three times with the roadster, then the model x. then, he bet the company with the mo

sarah frier, thank you so much. take me look at facebook after hours, the stock now down more than 23% on the back of these disappointing earnings. facebook missing across the board. ,d revenue, mobile ad revenue monthly and daily active users. that does it for this edition of "bloomberg technology." lots more amazon and more up next. that is all for now. this is bloomberg. ♪ >> trade war on hold. reach a dealcker that avoids an ugly transatlantic spat. >> markets like that news. the s&p 500 pushes forward, treasuries decline. >> facebook is a big loser. shares slumped and unhappiness is revealed. >> blackrock

sarah frier, thank you so much. taking a look at facebook after hours, the stock now down more than 23% on the back of these disappointing earnings. facebook missing across the board. on ad revenue, mobile ad revenue, monthly and daily active users. much more earnings to come. that does it for this edition of "bloomberg technology." lots more amazon and more up next. that is all for now. this is bloomberg. ♪ >> the following is a paid presentation for theraworx relief with dr. drew pinsky. ♪ dr. drew: if you are one of the millions of americans who suffer from muscle cramps in your legs or feet, relief is finally in sight. hi, i am dr. drew pinsky. and today i am here to share some news that got me excited when i first heard about it. it is called theraworx relief. this life-changing product is clinically proven to quickly relieve the discomfort of muscle cramps and also prevent muscle cramps before they start. now the word "breakthrough" gets tossed aro

emily: krishna, the cofounder of captivate and sarah frier, thank you. bloomberg operates a global news network on twitter called tictoc. to gounder the tesla tent under the full story on what elon musk has called production hell. this is bloomberg. ♪ emily: let's talk tesla. in "bloomberg businessweek," for news reporters took a deep, dive look at tesla's production of the model three in all of its grid and glory. elon musk has turned to robots and finery -- firing contractors and a big tent. our ceo reporter -- see you reporter joins us to talk about the different conditions faced with tesla workers. you spoke elon musk and he said he wore the same close five days in a row. what other insights did you hear from him? >> we've been watching tesla, and you know this is a company that is having a hard time, they tried to grow from making 100,000 cars he year to 500,000 cars year. elon told me this was an existential crisis point for the company. said he bet the company now three times with the roadster, then the model x. then, he bet the company with the

for more on that we are joined by sarah frier from san francisco. disappointing as we are seeing slower growth and lower margins area it wasn't a surprise with facebook. i think the market is quick to say that maybe this is because of all the scandals and criticism over the last few months but what is going on here is really something quite bigger than that. more impact on facebook's future which is that facebook the main social network has reached a saturation point around the world. there is not that much more growth left. in that name property. they will have to rely more on their other properties like instagram whatsapp and messenger which have much less mature business models and much more experimental business models. facebook can't definitively say will work. reviewing their mode of operating based on new data privacy rules coming out of europe. is there a concern here that the model has to change? that is certainly an uncertainty. the company has to collect less data from its users and many cases give them options to delete or clear their hi

with the latest is sarah frier following the story. julie: is it too simplistic to say duh in this case? this is something we expected and the company has talked about and the intelligence services have talked about it. is this just more meat on the bones with details on what is going on? >> facebook has been promising ever since it got slammed for disclosing russia's interference too late, it has been promising us it would be on top of this. any instancesfind of people trying to influence politics and shut them down, not just in the united states, but around the world. they have been touting examples where they have been able to do this in other countries. the company has been asked a lot, recently, has there been anything related to the midterms? can you tell us about that? this is the first time they say yes, this is happening. details are few. we do not know who is behind this. there are some indications of connections to the ira, but we do not know this is russia. these actors went through much greater lengths to try to disguise t

to san francisco, let's bring in ian king and sarah frier. talking more about why they made the decision before we even heard anything from china. was it an issue or with the emanate landscape? >> i spoke to the ceo and he said, there are bigger versus at work here. this is the geopolitical world we live in. we don't see that changing and therefore we had to drop an end to this. will this make a lot more revival talk dead now? go here is until 9:00, the deal is still possible. if china comes in with a last-minute, we are ok with this then we are back on. that doesn't appear likely at this point. from what was said on the conference call, qualcomm just as forward and concentrates on what it is good at and tries to grow organically and in markets like automotive where it doesn't need. yvonne: what does it tell us for the appetite for m&a now? does it give a chilling effect for the rest of the m&a picture? if we are talking about hardware, which is area that i look at, it is very difficult to imagine a hardware transaction that wouldn't be cover

[no audio] selina: sarah frier, los angeles. thanks for stopping by. that does it for this edition of "bloomberg technology." i'm selina wang in san francisco. this is bloomberg. ♪ >> wall street returns from the independence day break with a strong advance by tech with the nasdaq rising over 1%. >> the dollar fell as traders look ahead to a dramatic day. u.s. payrolls and tariffs on china. confidence in the economy with policymakers maintaining the gradual pace. iran trolls president trump saying that his tweets are keeping the oil price hike and threatens to block.

emily: i'm sure this will unfold , sarah frier, you will keep us updated as updated -- as always. bloomberg learned the u.s. and china are trying to restart stalled trade talks hoping to avert the trade war. steven mnuchin and the representative from china are having meetings on how to get the talks back on. this is according to people familiar with the meetings. this is ahead of the next wave tariffs onfs -- u.s. an additional $61 billion of chinese goods. to theet straight bloomberg reporter who gave us this scoop. jenny, first of all tell us what do we know? mnuchin'sknow steven team has been in touch with their chinese counterparts to figure out how to get the stalled talks back on track. we know the two sides have not talked since the first round of tariffs was imposed. since then, we have seen them upping tariffs tit-for-tat on both sides. we also know there is internal discussions going on within the whether or not to have the talks and went to have the talks. whereould have them, and they should take place is also on the board. they are talking about logistics and that wha

lisa: the latest, let's go to sarah frier in our san francisco bureau. i know it's a busy day for you. was the latest on this and how extensive is this effort that facebook is identified? sarah: we are being let in on this effort in the very early stages, as sandberg said on the call, this is earlier than it would bring in people from the public, but they have been informing congress and the fbi and trying to work with the government to figure out who is doing this. the biggest question is what was the actor behind this, as she said, they have been a lot more careful about disguising their identities. we don't know enough yet were facebook tells us they don't know enough yet to say whether this was russia. congress people and senators are saying they believe this was russia. we do not know enough yet to say whether that is the case. in the meantime though, they identify this ongoing campaign directly the midterm elections in particular. 32 fake accounts and pages are removed. follow, of pushback or i want to bring in a tweet. he says if performed witting

so much,nk you bloomberg technology's sarah frier. coming up, pompeo's russia message. the secretary of state gets ready to face senate lawmakers moments from now. we have the exclusive scoop on his testimony and will bring in that after the break. he is expected to comment on what president trump and president putin spoke about in helsinki as well as possibly as what the u.s. stance on russia is. that is all next. from new york, this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so