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tv   Bloomberg Technology  Bloomberg  October 31, 2017 5:00pm-6:00pm EDT

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near the world trade center memorial and struck pedestrians. the driver reportedly had something that resembled a gun. six people have died, and several others are wounded. a suspect is in custody. president trump gave a timeline today for what he expects to have a bill delivered to the white house. the president spoke with industry leaders. thanksgiving, i want all of the people standing by my side when we get ready to sign by christmas, hopefully before christmas. >> president trump says the resignation of high-profile democratic lobbyist tony podesta is bigger news than the manafort indictment. is stepping down from his powerhouse firm after coming under investigation. another high-profile elected republican official plans to bow out after his current term. texas house representative jeb an says he will not take
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the election next year. because called serving the u.s. congress the greatest privilege of his life. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, capitol hill mea culpa. i would do. on facebook and twitter and google testimonies in washington. lawyer's from each tech giant answer questions on what one senator calls the national security question of the 21st century. legalapple and qualcomm's battle takes another nasty turn. we consider the beef from both
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sides and the implications for future iphones and ipads. what a woman for bitcoin. reversing course today, plenty to introduce bitcoin future by the end of the year. first to our lead. facebook, twitter, and google are having their day on capitol hill. top lawyers from all three appeared before the senate judiciary committee to answer how russia manipulated their platforms to influence the 2016 u.s. presidential election. facebook, google, and twitter executives told congress they are not sure they measured the full extent of russia's manipulation in last year's u.s. presidential campaign, and they do not yet have the technology to prevent it from happening again. we have found that foreign actors used fake accounts to place ads on facebook and instagram that reached millions of americans over a two-year period and that those ads were used to promote pages that in turn posted more
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content. people shared these posts, spreading them still further. many of these ads and posts are inflammatory. some are downright offensive. >> we have uncovered more accounts linked to the russian-based internet research industry based on our review and we determined that advertising by russia today in seven small accounts was related to the election and violated either the policies that existed at the time or that have since been implemented. believe that the relatively limited amount of activity we found as a result of the safeguard in place in advance of the election and google products do not lend themselves to the kind of targeting or viral dissemination that these actors seem to prefer, but we are committed to continuing to improve our existing security measures to prevent that kind of abuse. emily: joining me now is someone who was at the hearings and also in studio is mark bergen. sarah, i want to start with you.
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what were the key takeaways so far today? the openingnk testimony was one of the only times that the tech companies had the upper hand. for the remainder of the time, senators just poked holes in their promises. the companies came presenting themselves as prepared and proactive and committed to making sure that this does not happen in the future. the senators were able to gauge from the testimony that they do not currently and may never have the full capacity to prevent this from happening again. it was really a very revealing testimony. also, i think the scope for which this is a problem became a lot more clear. emily: what are the interesting differentiations googling today is that google is different from facebook and twitter in that they made the claim that the protections they already have in place event at some of the stuff from spreading.
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they said it spread on social media. mark: i think they google claim has been they identified a much smaller pool of ads than facebook and twitter. you ditzy targeted questions around youtube, including russia today with congress and senators have been adamant that this is a propaganda tool for the russian government. a very popular youtube channel. the google lawyers evaded questions about that and about how much money google shares with their ad revenue. emily: on top of that, they did not just talk about russia but the threat from foreign actors in general, china, iran and north korea. there was a particularly heated exchange between senator kennedy and one of the lawyers. take a listen to that. >> how about north korea? aware of other foreign actors running the same sort of campaign. >> can you be aware?
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advertisers,llion and you are going to tell me that you are able to trace the origin of all of those advertisements? emily: facebook general counsel: taking a long pause before attempting to. answer that question how many answer that question. how many times with a cut unaware? sarah: in particular, senator franken saying that -- trying to get him to say that facebook would stop inspecting political ads in north korean currency. that, andd, if we did he for an actor can change the currency they are buying ads in. he would not commit to doing that, and it got pretty hard.
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a company was talking about the signal. all the companies were talking about how people run currency might be a good signal for them. senator franken again was like, what do you mean signals? we are talking about illegal activity. for in spending on advertising to influence the u.s. election is illegal. there are a lot of reminders like that that was the companies in place or at least the senators were trying to present this as a matter of law, not a matter of signals and data mining and what the companies see as their world. emily: which brings us to the question of responsibility and whether companies can deliver on this very big in critical responsibility. take a listen to another exchange with a senator. >> you are taking responsibility for a lot of what happened here and trying to make some changes. there would not be an outside
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enforcer of any of your policies, right? it would just be you. is that true? not you personally, but your company's. can somebody answer? >> that is correct. emily: that is correct. about the ability of these companies to actually deliver on this responsibility. wek: a lot of them mentioned have fabulous machine learning tools and we are putting both humans and our ai to these resources. facebook and google have had big screw ups about measuring metrics were people tak say they cannot grade their own homework when it comes to court advertising, let alone propaganda, these russian backed attacks. emily: a big question has been, when will these companies, especially facebook, release information on targeting, who these ads were targeted to? sheryl sandberg said a few weeks ago that facebook promised to be very transparent on this point. we still, however, have not heard from sheryl sandberg or
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mark zuckerberg. several lawmakers expressed disappointment that they were not on capitol hill today. when are we going to see that information? lot ofwell, there were a information's about timeline here and not a lot of answers. the company's overall were saying we will be communicative, we will keep in touch with your staff, we will look into what you're asking about and get back to you. there were a lot of questions about what be targeting looks like, but also who was manipulated, and do we know if people actually make decisions based on this? the company said, well, you know, we are focused on the content on our platforms. we do not know what people decided based on this. the senators did not quite take that as an answer. emily: another round of hearings coming up tomorrow with the house intelligence committee. what are we expecting? sarah: this hearing was more broadly focus not just on the others inject but on
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general. they will ask about whether they know how the internet research agency got their data. there was a question about that today, but that is what gives the intelligence committee the link to whatever political campaign may have been working with them, if any. so i think it could get even more heated tomorrow. emily: all right. sarah, you will be covering those hearings for us yet again on capitol hill. mark here in the studio covers google for us. thank you both. we will have much more reaction and analysis on today's hearing later in the show. just a reminder, bloomberg is developing a network for twitter. facebook disclosed a russian spent $100,000 on ads to influence the 2016 election. how do they do it? it is more simple than you might
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think. sarah frier file that report. ♪ >> facebook tells us a lesson group spent $100,000 on ads to influence the 2016 presidential election. how did they do it? is actually very simple. things younly three need to run a very sophisticated advertising campaign. a facebook account, the ad itself, and a credit card. facebook's website will hold your hand to the rest to self-serving advertising. let's say you haven't you want to show to gun owners in pennsylvania. civil. -- simple. facebook and reroute the ads of anyone that has posted pages about gun ownership using target at space on race, political affiliation, pretty much anything. facebook and target specific demographic groups because it has so much information on its thes, the articles
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quick on, the pages that follow, what they like, all for targeting advertisers. there is information users provide themselves like what .choo the ads are meant to spur controversy over immigration, race relations, gun rights, and more. facebook says that before as our distribution, they are sent for review, but it is a mostly automatic process that does not block commercial ads based on content, which means the russians were able to run thousands of ads with actually andrrect information inflammatory political speech, which facebook users could not tell came from russia, and the russian group created fake accounts and pages to run the ads, which looked like they were coming from concerned u.s. citizens. just a little bit of money goes a long way. $100,000, the russian group was able to reach 10 million people.
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some states were won by nearly thousands of votes. >> i don't want anyone to use our tools to undermine democracy. >> facebook recently said that to prevent election but english in the future, it plans to hire 1000 humans, but they still have not said what exactly the review parameters will be. emily: once again, bloomberg's sarah frier reporting. coming up, the patent dispute between apple and qualcomm heating up. now they can turn to intel or mediatech, leaving the chipmaker behind. we have all the details. "bloomberg technology" is streaming live on twitter. check us out 5:00 p.m. weekdays. this is bloomberg. ♪
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emily: canadian startup shop i reported in earnings beat for the template in a row, and the company raise its outlook. the stock fell in the session on concerns over sustainability. one person called the company a scheme. quick apple is taking its patent licensing dispute with qualcomm to another level. apple is designing iphones and ipads that do not use qualcomm components, something the iphone maker has been doing since 2010. however, the product plans are in the early stages and may still change. while still being decided, apple may use modem chips from intel and mediatech instead of qualcomm. shares of qualcomm's sake more than 6% on these reports today. that is the worst in months. there is ian king.
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there is a threat? how big is the threat they will not be in the next iphone? ian: it depends whether you really believe what is going on here. it is a long way until they have to make that decision. if they are already designing it, it is possible in terms of scaling it. it is about $1.8 billion of revenue a year to qualcomm. it, or doyou believe you think this is just posturing? ian: qualcomm's earnings tomorrow, ask yourself, why did this come out? that is a viewpoint certain people have expressed. you have to rubber the most recently we heard from qualcomm was them dropping the nuclear bomb of trying to ban apple sales of the iphone in china, the manufacturing in china. just when it seems like they reached the bottom point for their relationship, they managed to find another layer. emily: obviously investors are
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not excited about this for qualcomm. take a look at a terminal chart 7413. you can see house since this dispute started, the divergence in apple shares and qualcomm shares, qualcomm shares just thinking. this has not been good news for qualcomm. ian: they have been massacred this year. it is the worst performing chip. the philadelphia semiconductor index, and that is a year when chip stocks have been hot, done really well. everybody apart from qualcomm has had money pouring in.clearly people are concerned. if that goes way, they are in trouble. emily: if apple does give it to these other companies, is theire quality change? ian: this is why analysts have been cynical about this latest development. would you really want to dump qualcomm's modems?
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they are best in town when it comes to getting the high-speed data. why would apple want to take that away from itself? why wouldn't want the risk that someone says our phones are faster? emily: worst-case scenario for qualcomm, what is their back up ? the to put more money to research and development efforts. in china, that has been relatively successful. both samsung and apple have lost market share to these chinese manufacturers. on the short-term basis coming up he wants to give up apple revenue. emily: what are you expecting to hear tomorrow? ian: there is not really an awful lot they can say other than to say earnings are bad. the strategy they have in place, the legal disputes they have in place will take a while to work out to assert themselves to see whether they can win and he ground back, bring apple to the negotiating table, get is also, and get some licensing revenue
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-- get it all settled, and get some licensing revenue. it is probably next year. emily: i know you will keep us prized along the way. thank you so much. coming up, the status of bitcoin as a legitimate financial asset may be rising even faster than its price. we will bring you details, next. this is bloomberg. ♪
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emily: new york city mayor bill de blasio and the nypd are holding a news conference on the shooting that occurred earlier today in lower manhattan so let's go now to nypd headquarters and listen in. >> afternoon, everybody. all right. this great little more than two hours ago so all the information we are giving you right now is preliminary and subject to change. after i speak, you will hear from governor cuomo and mayor de blasio and bill sweeney from the
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assistant directory in charge of the offices is standing here with me, too, and members of my staff and members of the state police. first i want to say that today, there was a loss of innocent life in lower manhattan. the dead and injured were going about their days getting home from work or school or enjoying the afternoon sun on bicycles. this is a tragedy of the greatest magnitude. for many people and families in new york city and beyond today. i want to commend the response of our nypd officer that was on post near the location who stopped the carnage moments after it began. also, the work of the first responders, including the fire department and ems personnel surely have saved additional lives. right now, i would like to introduce mayor to basile. mayor de blasio: thank you. it is a very painful day in our city. horrible tragedy on the west side. let me be clear.
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based on information we have at this moment, this was an act of terror. and a particularly cowardly act of terror aimed at innocent civilians, aimed at people going about their lives, who had no idea what was about to hit them. moment, based on the information we have, we know of eight innocent people who have lost their lives and over a dozen more injured. action wast this spirit, to break our but we also know new yorkers are strong, resilient, and our spirit will never be moved by an act of violence and an act meant to intimidate us. we have been tested before as a city very near to the site of today's tragedy. in yorkers do not give in
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the face of these kinds of actions. we will respond as we always do. we will be undeterred. and i want to thank everyone at the nypd, all our first responders for their extra ordinary efforts in the midst of this tragedy, starting with the officer who stopped this tragedy from continuing, all of the first responders who came to the aid of those who are injured. investigation is underway to get all the facts. what we tell you today will be preliminary, but we know we will get down to the bottom of what happened. i want to ask all new yorkers, all americans to keep the families of those lost in your thoughts and prayers. they will need our support. i want to ask all new yorkers to be vigilant. we know it is halloween night.
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we know in the days ahead people will be uneasy. yorkers to live by the idea of you see something, say something. : officer if you see something unusual, something that worries you. be vigilant. yorkers to live by the ideaknow there will be ee additional employment of nypd officers this evening and throughout the days ahead. we will also keep you posted as this investigation continues and as the nypd gains more information.governor cuomo . governor cuomo: thank you. prayersur thoughts and are with those new yorkers who we lost today. reminds us all how precious life is. they left the house this morning. they were enjoying the beautiful west side of manhattan on a beautiful fall day, and they are not going to be returning home.
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that shock and that pain is going to be very real. our thoughts and our prayers are with all of them. our first responders did an the surgery job.the nypd , the fdny, the fbi, the deal state police, ems, we have the globe,security on the and to see them in action today proved that once again. tactic, whichist they have called for publicly, are these lone wolf who commit an act of terror. this is all very parliamentary. it has only been a couple of hours, but this point, there is no evidence to suggest a wider plot or scheme, but the actions of one individual who meant to cause pain and harm and probably death and the resulting
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terror, and that was the purpose. we will be vigilant. more police everywhere. you will see them in the airports. you'll see them in the tunnels. not because it was any evidence of any ongoing threat or any additional threat. is just out of vigilance and out of caution. york is ans new international symbol of freedom and democracy. that is what we are. and we are proud of it. that also makes us a target for those people who oppose those concepts. we have lived with this before. we felt the pain before. we feel the pain today. but we go forward together. and we go forward stronger than
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ever. we are not going to let them win. and if we change our lives, we cont ourselveswe contort ourselves to them, they win and we lose. there is no ongoing threat. there is no evidence of that at this time. there is no reason to have any undue anxiety. you will see more security forces, but that is only because it is an abundance of caution, not a signal of anything else.
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at 30 5 p.m., a male driving a pickup truck entered the bike path at houston street, struck a number of pedestrians and bicyclists along the route. the truck collided with a school bus, injuring two adults and two children.
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after the collision, the driver vehicleruck exited the brandishing two handguns. the uniform police officer assigned to the first precinct confronted the suspect and shot him to the abdomen. the suspect was wounded and transported to a local hospital. a paintball gun and a pellet gun were recovered at the scene. the suspect's identity is not being released at this time pending further investigation. this point, there are eight fatalities connected with this incident. >> thank you, jim. as the police commissioner said, six of the people died, they were pronounced after the scene between houston street and chambers street. they were all males. two others were transported intra-medic arrest and were pronounced at the hospital. traumatic arrest and were
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pronounced at the hospital. we have additional people injured, all nine threat -- all nonthreatening injuries, what you might expect. there may be more injuries as people self is accuray to it, and we will determine that later -- self evacuated, and we will determine that later as we do our survey. deaths the patient' count as we know it now. >> we will take some questions. [no audio] [inaudible] >> have you talked to home depot recently about being vigilant about this? >> john, do you want to talk
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about the program a little bit? >> as you know, through the shield program, we do wide outreach. 's magazine came out with an issue about two years ago suggesting car attacks -- you will recall one of the targets they suggested was the thanksgiving day parade. we did extensive outreach to the business.al we visited over 148 truck rental locations in the area. the obvious ones, you will, home u-haul, ryder, home depot, etc. more times,wo either by telephone or a male, going back to the same places. , going backor email
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to the same places. there is a high level of awareness of this by the nypd. [inaudible] toit is way too early discuss that. this just happened two hours ago. [inaudible] >> initially, we thought it might have been, but it turned out not to be. it's all part of the investigation. >> we heard reports of schools under lockdown. that parentshing are people in the area should be aware of? >> no, the incident is over. it happened by a high school so we had to make sure the kids were taken care of and we held them in place for a while. but the incident is over. david? was there any indication he
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had outfitted the van to resemble a bomb? >> he is a 29 euros mail. i am not going to talk about the truck. .- 29-year-old male i'm not going to talk about the truck. when heake a statement exited the vehicle. if you look at the mo of the attack, that is consistent with what has been going on. that along with the statement enabled us to label this a terrorist attack. any evidence leading up to this that this was in the works? >> again, two hours old. we will update you. it's being conducted jointly and the fbi.
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from florida? i'm not going to go into that. john? not right now, no. guess question mark -- yes? after the times square incident -- i talked about this -- any incident that happens in new york, in the country, or around the world, we have to learn from that, so of course, we are going to take a look at that. he is in the hospital. i am not going to tell you what hospital. i will achieve gomes talk about the halloween parade. >> in less then -- i will let chief gomes talk about the halloween parade. >> in less than 90 minutes, the parade will kickoff. there are heavy weapons teams being deployed throughout the city in key, iconic locations. [inaudible]
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this is why we do investigations. putially, i am sure whoever that out was not sure what the event was. two hours in, this is the determination we have made. [inaudible] it's too early in the investigation to know that. rocco? [inaudible] at the videooked yet. we are retrieving as much video as possible. we know he entered the bike path at houston street and exited the bike path at chambers street when he collided with the school bus. there are no intersections on the west side of the bike path between houston and chambers. hold on. [inaudible] dan, do you have that? >> among the injured that are serious but not
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life-threatening. depot did he read from? >> we are not going to talk about that yet. there were two adults and two children on the school bus. you know how he came into the city? >> don't know. that's part of the investigation. [inaudible] we don't have that yet. >> we will give you another briefing as more information becomes available. at this point, i ask that you wait for further information. >> i will just close this off by nypd isook, again, investigating this with our federal partners, our state partners. there is going to be a very, very thorough investigation. as the governor said, as the
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commissioner said, people should go about their business knowing that the nypd is out in force with partner agencies tonight and throughout the week. important measures are being taken for people's safety. the bottom line is, we are going to go about our business in the city. we are not going to be deterred. thank you, everyone. you were listening to an nypd news conference at nypd head orders -- headquarters. cuomo as from andrew well as james o'neill, the commissioner of the nypd. the headlines we learned, this was an act of terror. there were eight people killed. six work killed -- were killed at the scene of the crime. two people died later. dozens more have serious injuries, but not life-threatening. the incident began at 3:05 p.m.
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when a man entered the bike path , driving southbound. he drove into people, into pedestrians. he later collided with a school bus. this was a 29-year-old man who came out with a paintball gun and a pellet gun. the nypd shot the driver. the driver is in the hospital. they are not releasing his identity. a lot of questions the press had are not answered because they are still investigating. i want to bring in marty, our chief content officer in new york. one thing that was asked during the news conference was, how do you know this was an act of terror? did the driver make a statement when he exited the vehicle. that.pd would not confirm >> no, but the commissioner did say that his comments upon
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exiting the truck were consistent with this being an act of terrorism. emily: we have seen this around the world, most recently in europe, of course. every time there is an incident the world, thed police commissioner said nypd would do do diligence to find was going on and how they were accounting for vehicles. important to's note that these are the first terror fatalities in new york since 9/11. there have been other attempts. thwarted.all been we cannot forget that this is a rare incident, and that's because of the precautions the police department and counterterror organizations take after incidents that happen in places like nice. but obviously, well, it appears somehowcaution got
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through this truck driver. this: well, the way incident occurred, a car drove toward the west side highway, which is where you can go, and then down a bike path, there is nothing stopping a car from doing just that. time of day.e the three: zero 5:00 p.m., school just getting out, a lot of people in the streets. p.m., school just getting out, a lot of people in the streets. >> there are barriers to prevent people from entering the bike path. as the police commissioner said, there is only an opening on then the next one down on houston. it was clearly planned. will probably result in next or precautions along the path to make it more difficult for any
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vehicles getting on the path. emily: and they made a point of saying this is an incident that is over. were around, but the incident is over. they are investigating, but no indication this is part of anything bigger. >> this is something we have seen all too often in terror incidents. these are self radicalized individuals who do not have any associations, sometimes do not have any friends who know what their feelings are. difficult to prevent, as this incident shows. emily: we have heard from the white house. melania trump tweeted shortly after the incident that her heart breaks for new york today. the president tweeted shortly after the incident that it looks like another attack by a deranged person. interesting that there was a .elay
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i guess he wanted to hear what the nypd said officially about the incident. i wouldn't read too much into the timing of donald trump's tweets. he does have other things he is doing in washington. but this is his hometown. im sure he identifies with what is happening. emily: nypd investigating the incident. they made that clear during the news conference. towill bring you back bloomberg technology, which is in process right now. >> the thing that was most interesting to me about city dell securities is that they -- citadel security securities is that they afforded me security. bringing it all together at the
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same time. the second thing that was interesting to me is that i found such a high concentration of talent. people talk about hiring the best and the brightest. have setund is that we the bar so high in terms of who we bring in that we are actually bringing in those types of people. having those types of people game, you up levels your and i have found that to be the case with me. the final thing, which was a surprise, is that we were able to deploy technologies in days and weeks as opposed to the months and years i have been accustomed to. >> you make it sound like this is a faster paced, more exciting environment than what everyone thinks is the holy grail. it's as much a tech firm as any company i have ever worked out. a tremendous amount of excitement and a tremendous amount of innovation. what specifically about your
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background and expertise did citadel need? >> bringing in people with different perspectives and different companies with different experiences, that allows us different insights which we can apply. inyou have worked networking, storage, and more. what are you applying most? them all toinging their. networking is fundamental to our business. analysis is fundamental. the way we stored data is fundamental. other places i have been, we do it all at once. >> help people understand the role technology plays in a elrket-making firm like citad
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securities. >> our mission is to provide a secure, stable, transparent market. i will give you a few examples. in equities, we do analysis that -- allows usvide to provide the best liquidity, particularly in illiquid markets. it enables us to fulfill our obligations as a designated market maker on the new york stock exchange for the 1400 or so symbols that we represent. we use our technology to enable a prompt and smooth opening and close. , wehe institutional side are able to streamline pricing. our technology enables us to do that as well. >> if technology is the x factor, one of the principal things that differentiates good executors from bad ones, i have to believe there is an arms race
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going on, right? more, better, faster, more powerful. >> certainly, it applies to the infrastructure we deploy and the technology we deploy. it applies even more to the people we hire. we look at people from tech centers and tech companies across the world. we are doing more of that. , we have hired over 20 people from traditional tech firms. we are looking to connect with people before they graduate. data funds across the world. we have connected with students in that for him and hired some of them as well. we will hire good people from anywhere in the world, but for traditional tech people, the concentrations, of course, are in silicon valley, seattle, austin. with google, facebook,
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companies of that nature? >> and many of the startups as well. we are being very selective about it -- >> absolutely. we are being very selective about it. talk to me about the innovations you are implementing implementingipate that will be disruptive in the securities trade. >> data is at the heart of what we do. our ability to analyze and glean insights from data is fundamental. talk about cloud computing all the time. cloud computing provides you an elasticity that can be a force multiplier to a business. it allows you to expand resources for a time when you could not possibly afford to own them cost-effectively on an ongoing basis. those are the kinds of things we look at. >> what about machine learning?
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that's definitely a buzzword and something we deploy today. a lot of folks don't understand it or may not understand how its distinguished from artificial intelligence. what you are able to do is look data andatterns of correlate them with known outcomes. it's like of those who ignore history are doomed to repeat it. a model based on what happened in the past, correlate it with a outcomes associated with that, and use that technology to predict what would happen in response to an unanticipated set of circumstances, and improve the model over time because we provide feedback. that's the aspect of machine learning, and we do deploy that
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to get more insight into the decisions we make. emily: that was the chief information officer at set to dell -- citadel securities. up, a best buy backlash overpricing of the iphone x. this is bloomberg. ♪
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emily: best buy said it stopped some sales of the iphone x and iphone eight after it faced a pricing backlash from consumers. it recently charged a $100 premium on the device, which will hit stores on friday. best buy said the $100 increase was intentional because authors of different purchasing options for iphones has a cost. .pple shares closed up the iphone x pus in-store release is on friday. joining -- iphones in-store
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release is on friday. about the bestnk buy situation? >> they were charging $100 more. instead of the $1000 price point for the iphone x, it was $1100. aey said the phones come at premium because of the activation situation. in reality, they were charging a $100 surcharge because they were saying they were the only ones doing it, which isn't true. now, they are not doing that anymore. we are notsaying going to charge $100 anymore, they are not going to sell iphones at that price at all. reviews are coming out. it round them up for us. >> pretty positive so far, but reviewers have only been using this for about a day.
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i will give my opinion week, hopefully. stay tuned for that. emily: what are you looking forward to an apple earnings? >> it will be interesting to see iphone 8 sales. it had sort of a muted response because people who lineup early for the iphone are waiting for the iphone x anyway. emily: what is your take on how demand will shape up this holiday quarter for both the iphone 8 and the iphone x, given supply constraints, to the extent there are supply constraints? >> think the iphone eight and eight plus will be readily available. you can order one on apple's website right now and you will get it by friday. if you order the iphone x right ow, it is i've-six -- 5-6
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weeks in every region except hong kong. they had to shut sales down because the demand was so high there. go until december? will you have to wait until february or march if you order at christmas time? we will have to wait and see. emily: amazon's answer to google out.is coming what do you think of that? of newon has a slew echoes coming out at christmas time. at 300 $50, apple has some competition. we will get our hands on it and see how well it affairs. emily: always great -- how well itfare fares. emily: always great to have you. that is all for now. this is bloomberg. ♪
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a global problem. big tex testifies about russia's manipulation of social media. killed by aple are truck in new york. president trump condemned the attack and it has been called terrorism. digital currency is taking a big step forward.

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