tv Bloomberg Technology Bloomberg July 30, 2020 5:00pm-6:00pm EDT
year-over-year. this, despite a huge boycott by many advertisers. apple delivering a surprise revenue boost, growing 11% amid expectations of a possible decline. the company delaying its return to work, now setting early 2021 as a target date for the u.s. campus. i just got off the phone with apple ceo tim cook. he highlighted a record quarter, record services revenue, and focused on the iphone result, which he says was better than expected after a fairly depressed first few weeks of april. thanks bounced back he says the pandemic is likely helping sales for the iphone -- for the ipad and mac, but hurting iphone and wearables. i spoke to alphabet ceo who talked about the fragile
macroeconomic environment. we will get to her comments in a moment. let's start with apple. what you see? >> we're looking at the post market over the last few days and it has been a little bit rocky. some of that was psychological overhang. something very impressive on apple, they put up $2.58 a share. that is exactly what was estimated prior to the pandemic. it is a 25% beat of what analysts were looking for. they were looking at the number before it was reduced for the i bought one in april when it was weak. i made a contribution there.
versus4 billion dollars $23 billion. service is strong, solid year-over-year growth. it could help some folks get into the stock because it will be less even though the evaluation will be provided. beat on a june quarter, typically not an easy quarter for them. they did not provide a forecast. wayof the stocks in a huge above the nasdaq 100 and the s&p 500. valuation is high so investors are buying for fiscal 2021. we have no actual visibility from the company on that year. a little bit of a leap of faith in part of investors on that valuation even after the massive quarter. >> i will talk a little bit more about what tim cook told me on the call in a moment. but let's get to the other three companies. we saw alphabet shares turned
briefly negative after hours but they are back. what do you see when it comes to alphabet, and amazon? >> you're right about that. for a moment it was down .7 -- alphabet was down .7%. in amazon not pull sort of thing. sometimes they will spend and it will eat into profits. they usually get a pass for that. this time, they didn't do that. it is clear they are benefiting from stay-at-home. folks really shopping online. now deliveries are every day. they put up -- facebook put up a very strong quarter. it tells you investors and traders have been nervous going into this quarter as rebounded. unlike apple, they beat the 1.80.te coming in at but investors were looking for
$2.40. belowthe street but well what we were looking for before the pandemic. and also that, this is probably the tema's of the quarters. something i would like to say. i do look at the charts and the technicals. it still might be too far, too fast, emily. emily: we appreciate all your detailed analysis of the charts. thank you so much for breaking that all down. meantime, i want to get to the breaking apple numbers. we are listening to the call as it is underway. be hereis a pretty big applele -- beat here by especially given the products and categories, some of the devices significantly up. what are your takeaways?
>> it is a jaw-dropping. look at the i phone number and the overall result. this is something beyond that case for both perspectives. it is massively gasoline and the fuel tanks that are apple going forward. i think that this is a potential paradigm shift. of course, services continue to be the foundation of the story. emily: that said, apple had 25% of the stores closed, most in the united states, some in south america. i asked how that would be weighing on the current quarter. it does weigh on the results and i would expect to weigh on the results primarily on the iphone and wearables. we are not giving guidance because of the uncertainty.
this is the second quarter in a row that apple has not given guidance. he have told me that they are thinking about potentially not giving a forecast no matter what is ahead and whether or not that is the right thing to do for apple. saysdo you make of what he when it comes to the iphone with storms be -- stores being closed? it is such an important part of the buying experience. how big of an impact will that be? >> first, it is 6% or 7% of sales. it is smart but no doubt the environment is very volatile. i think it is a game of blindfolded dogs giving guidance. i think it is a prudent move in the next few quarters not giving guidance, i think investors are buying it. there is a huge trajectory going forward.
are 960 million iphones worldwide. biggest product cycle since iphone 6, i think this is the stock that continues to get rated. it's back against the wall and there are other tax dollars. and this is just something beyond the best case. this is what we see in terms of numbers over the next nine months to 12 months. emily: tim cook is talking about how excited he is and wearables. he told me the air pods and apple watch did incredibly well partly because of the trends we are seeing with work from home in the pandemic. and he's also talking about supply constraints. areipad, the mac, and we expecting a big launch in the
fall when apple historically has unveiled the new iphones and new ipads a little bit later in the fall. will there be supply constraints? we will be hearing more about that on this call. the are you expecting impact on supply and launches in the current quarter? >> from the supply chain perspective, we get wiggle room with perhaps the middle of september and it could launch. it all comes down to the next 12 to 18 months. it will normalize a lot quicker than expected. we are modeling 90 millionaire pod uses for this year. 29 million the year before. that is something that is becoming key along with services.
cook is continuing to speak on this earnings call, saying that he saw the elevated in theface time and siri quarter. i wanted to get your thoughts on the antitrust hearing. and the concern lawmakers have. they would share it before congress yesterday and also told me. -- and also told me that he is optimistic that people will understand. he says the app store has been a success. he thinks that people will realize that and i am optimistic. how concerned are you about the stipulation? >> it is definitely in the crosshairs. that 30% fee is not just the u.s., but also across europe.
it is where we will see more of a focus. and i think they defended themselves pretty well yesterday. more regulatory perspective, amazon and facebook is going to come more in focus in the fall. really investors are not viewing it as a major risk. but i will tell you this, it is good that these tech giants did their hearings yesterday and not tomorrow given all these results. emily: all four on one big day. dan, always great to have you here. we will continue to listen to the apple call and bring you highlight as we have them. also, alphabet's call is ongoing as well. i just got off the phone with alphabet cost ceo -- alphabets ceo. we will tell you more after this. this is bloomberg bird. . -- this is bloomberg
>> the macroeconomic caused by the pandemic created headwinds for our business. ar revenue declined on recorded basis and is flat year-over-year on a fixed fx basis. like other companies, this quarter we saw her early signs of stabilization as users returns to commercial activity online. true among different geographies. the economic climate remains pressured. emily: alphabet ceo sundar pichai on the earnings call. we are continuing to listen in. the company beating on sales, 31
point $6 billion above expectations. $30.6 billion in profit also beating. sales did fall a percent, youtube adds only grew 5.8%. google nearly double the cloud sales in the order. i also just got off the phone with alphabet ceo who reiterated some of what we heard there that the company is cautiously encouraged by the performance but continues to be an ongoing fragile macroeconomic environment. and what google is experiencing is very much about what is going on in the wider economy. .e have daniel newman good to have you back on the show. what are your big takeaways from these alphabet numbers? daniel: i thought the quarter was very good. the tech space as a whole continues to be very encouraging. it wasn't a blowout like some others, but there was a lot of
concern with small businesses being impacted that ad revenue would be down quite a bit. i felt like google or alphabet showingith youtube growth year-over-year despite the pandemic. the cloud business has been really encouraging. this is really the worst of it. there is definitely ongoing challenges with the pandemic, but we don't see closures like we have the last quarter coming again. and the overall performance was good. despitedata shows that the fact that revenue may drop 5%, the remaining six months of willear, social activity be up 20% to 25%. given that it is google, they
don't give forward guidance, but it should show encouragement that the next quarter could be better. i would love to hear how you compare google to facebook here. because facebook is in the middle of an advertising boycott and still hugely beat on revenue estimates, especially in advertising. we did not see as much of an uplift in google and they are not facing an advertising boycott. what do you make of that? i think it is: behavior. there are companies pulling back, but people are spending more time. you saw the average user growth, the time people are spending are up. active monthly users are up. the more time people spend, the more revenue is generated. for business is trying to come back, companies are participating in the boycott.
if they are having success on the platform, being a place where people spend time or messages are going out, there is just a lot of time and energy being spent on facebook and i think facebook is capitalizing really well. doing arguably very invasive things for data. and they have the right people. it doesn't have the same engagement model that facebook has. theends to keep users on platform, spending time and energy, creating revenue for advertisers. emily: i talked to the alphabet ceo about the antitrust hearing and it certainly seems like him lawmakers have made up their minds about google and they could be pursuing aggressive regulation. i asked her how concerned she is about that. she said we are happy to engage with regulators as they review
the entire industry, not just google. she did point that out. all companies are the subject of scrutiny and data shows consumers love our product. how concerned are you about regulation? daniel: regulation is important to make sure that we have checks and balances. as a whole, i find the timing of putting this much energy into regulating the tech industry a little bit alarming. there are just bigger things that lawmakers should be focus on -- focused on. things from censorship to , the app store, getting people choice. how dominant are you in an industry? we did a pretty good job of explaining a certain amount of choice and each of the respective industries. i feel like alphabet really does have a huge percentage of
search. we look at the way information is consumed. it is more distributed because people do use facebook and amazon as surge. these conversations will continue and i hope that we realize that these companies are creating jobs. and right now, i think that is really important. i hope we don't push too hard on this now and come back to this may be when we have some more stability. -- maybe when we have more stability. emily: thank you, dan neuman of the future in group. -- futurum group. coming up, we talked to astrazeneca and where they are in the race to find a covid vaccine. this is bloomberg. ♪
emily: astrazeneca is the latest company in the race for the covid-19 vaccine. emily horton and matt miller spoke with the ceo of astrazeneca. take a listen to what he had to say. almost 10,000 volunteers in the u.k.. and we are working our way to vaccinating 5000 volunteers in brazil. we might make that study bigger. and we will run with [indiscernible] emily: good morning. you said you don't want to make a profit. you don't plan on making a profit from the vaccine during the pandemic. what about when the pandemic is over? what are the pricing plans going to be? mr. soriot: our focus right now
is to deliver this vaccine and a deal with the pandemic. do it isn we want to that we thought this is clearly an example of a disease that we have to tackle globally. everybody has to be vaccinated and protected. and we want to bring the vaccine to as many people as possible around the world. the vaccine is very expensive. have 2 billion doses of capacity. gone,en the pandemic is the needs for the vaccine will be delayed and we will have to look at how we manage it. but right now we are focused solely on the pandemic. matt: so you don't have any idea about pricing afterwords? as you point out, it is
relatively inexpensive to produce. but of course, you pay for research and development. this is what you do. sell it todrug and people that need it as a profit. still no idea what the prices will look like? our view is that we will continue to provide the vaccine at a very low cost for low income countries because they can vaccinate their people. and we intend to make a reasonable profit in the richer countries. the pricing will be appropriate and reasonable because we want people to be able to get vaccinated. and definitely low and middle income countries. on both sides of the atlantic, there are these reports about russian hackers. are you a victim of this russian
hack? and what impact has this had on your research? we have looked at this. it is very sophisticated and we have some of the best cyber defense that you can imagine, actually. we have come into contact with the u.s. and the u.k. government, the defense unit -- the cyber defense unit. we are very protected. we haven't seen any signs that we have been hacked. fact, we have a collaboration with partners in russia for many years. u.s. companies, they will menu the vac for us. will manufacture the
welcome back to "bloomberg technology." facebook shares spiking after hours now, almost 7%, on the back of a big earnings beat. second-quarter revenue, $18.7 billion. this appears to show the massive ad boycott has not had a significant impact on results. isning us to break it down deborah of the marketer. how has facebook been able to pull off this kind of beat in the middle of a huge boycott? >> this is a really great
question. this is why i love following this company. i have been following it for 14 years. you don't know what to expect. these q2 results are not related to the boycott. the boycott did not start until july 1. few advertisers may have started to pull back early during june, during the black lives matter protests, but we are seeing is how facebook did as a company during the global economic downfall, and it did really really well. emily: that said, they do give some color on july, saying that in the first three week of july, revenue is up 10% year-over-year . what do you make of that? debra: that is sobering when you
compare it to q3 of last year, up 29%. is reflective of the uncertain states of the world economy. it is hard to read the tea leaves on what is going on with the boycott, because many of these advertisers that pulled out were committing to pull out for the months of july -- month of july. we have a day now until the end of july, so we are going to be watching what is happening starting august 1. i know some advertisers have committed to staying out of facebook and other social platforms for the balance of the year. at the end of the day, facebook has millions of advertisers, and what we have seen during q2 and into july is that there are a lot of advertisers that people have been able to pull in that are endemic to digital that are somehow related to staying at
home or being away from your typical activities, that have been able to advertise on facebook. that shows the power of the company. emily: just a reminder of the scale of this company, 2.7 billion monthly active users, using the family of facebook products, not just facebook, but also instagram and whatsapp. the company says they are expecting daily active users to be flat or slightly down quarter of her courser. -- quarter over quarter. what does that say to you? debra: we saw a huge rise on facebook and instagram over the course of the pandemic. we are seeing now a sign that maybe facebook is going to be reaching a ceiling as a result of that. snapchat said something similar last week during its earnings report, where it had also achieved pretty strong gains, but it too did not forecast as much growth.
it did not forecast as much growth in q3. my take away is that the pandemic effect is basically over for these social platforms. emily: basically over. so you think that's the end of the impact of the pandemic that we will see, even though we are still in the middle of all this uncertainty, virus researching in the u.s. and around the world? debra: as far as user growth, i think so. people are not staying at home as much. housebound. there is certainly a lot of uncertainty about what you can do and the economic effects. i think that initial phase where people were really trying to figure out how to live their lives in this new sort of ,eality that we have been in and they were turning to social media to talk about it, to
learn, to engage, i think we saw that growth, but i don't know if we are necessarily going to see a lot of new growth coming on in q3 and q4 as the pandemic wears on. meantime, mark zuckerberg was certainly a target at the antitrust hearing yesterday. all four ceos had rough moments, but the tough questions were directed at zuckerberg. the issue around buying instagram to get rid of the competition, about copying the products and features of other services, and about anti-conservative bias. republicans railed him on that. it certainly seems like a lot of lawmakers have made up their minds about these companies and the threats they have posed. i am wondering how concerned you are about regulation, for facebook in particular. debra: yesterday was a pretty brutal attack across the board on all four companies. perhaps apple got off a bit lighter, but it was definitely a
pretty brutal attack on the other three companies. it is crystal clear that congress has a lot of beef with companies like facebook, and they do extend way beyond antitrust to things like content moderation, bias, and censorship. publicly, from a relations standpoint, not a great moment for facebook yesterday. some of those internal emails that were published about when facebook was negotiating with instagram were pretty dam ning. , in the same token, this company has shown it is not afraid to copy competitors and threaten them with those copies. but then again, not everything it copies works out. we have seen that a few times. had the same time, it is not a surprise that facebook is copying competitors. stories on it with
instagram, which copies snapchat. and reels on instagram is a copy of tiktok. the company is showing a lot of business acumen, especially for a company that is so focused on 21st century messaging. emily: debra aho williamson, thank you for sharing your insights with us and for joining us to weigh in. we have been continuing to listen in to the apple call. pretty significant developments. i spoke with tim cook on the phone before going into the show. he said they would be talking about their fall lineup on the call and whether covid is impacting that. he said apple will be launching
its next iphone a few weeks later than usual. normally they are launched in late september, so that pushes us into october, potentially, for new iphones. also, he talked about the impact the pandemic is having on production. apple tv plus production has been shut down due to covid-19, and they have not yet restarted it, but hope to meaningfully restart production soon, and that has impacted the pipeline for content. we will continue to listen in and be back with more on amazon results, after this quick break. ♪
emily: welcome back. turning to amazon now, also crushing its earnings results due to the surgeon spending on e-commerce in the midst of the pandemic. us, we've got the president of a company that helps companies manage their e-commerce advertising, and she also worked at amazon for 10 years. i am sure it has been interesting to watch the company be a lifeline for so many, and it has weathered a number of controversies tied to the pandemic. what is your take on the latest results? ofamazon is a beneficiary covid, and e-commerce in general has been a beneficiary. we kind of think of this as e-commerce has been accelerated by five years due to covid. emily: melissa, hang on, actually. the president is walking out. let's listen in. pres. trump: herman cain was a
very special person. i got to know him very well. unfortunately, he passed away from a thing called the china virus. we send our prayers to herman's great wife. wonderful family. i have to say america grieves for all the 150,000 americans who had their lives taken by this horrible, invisible enemy. we mourn their loss as a nation. we mourn their loss as people that love one another. working very hard to not only contain this horrible event, this horrible plague, is what it is, but also to come up with therapeutics and vaccines, and we are making a lot of
.trides all over the world, tremendous problems. resurgence has taken place in companies that people thought were doing well, despite a wide range of approaches to this pandemic. this resurgence is occurring throughout large portions of our planet, and japan, china, australia, belgium, spain, france, places that thought they had really done great. it came back. in a couple of cases, it came back very strongly. the virus was said to be under control, but new cases have risen very significantly once again. so when you think somebody is doing well, sometimes you have to hold your decision on that. since the beginning of june, daily new cases have increased by a factor of 14 times in
israel, 35 times -- that's 35 times -- in japan, and nearly 35 times in australia, just to name a few. these are countries that were doing incredibly well. leadership was being praised. latin america now leads the world in confirmed infections, and with the scarcity of testing in latin america, the true numbers, you have no idea what they might be. i can say scarcity of testing almost anywhere except for our country. this disease is highly contagious and presents unique challenges to our border states. meanwhile, states like california, washington state, andland, virginia, nevada, many others were thought to be doing well and they had a big resurgence, hit very hard. who werenors there extremely popular are not so
popular anymore, who were held up as models to follow, and then they got hit. i am not even saying it's their fault. it's just the way it is. highly infectious, one of the most infectious diseases that anybody has ever seen. 1917, over 100 years ago, has anyone ever seen anything like what we are witnessing now. but these states have also seen the virus substantially rebound. again, no one is immune. these facts illustrate the determinant, and it is that abe lincoln long-term shutdown is not a --
that a long-term shutdown is not a viable strategy for any country. we have understood a lot about the disease. the primary purpose of a shutdown was to flatten the curve, ensure sufficient hospital capacity, and develop effective treatments and therapies to reduce mortalities. we have done that, but it can come rearing back when you least suspect it. we did the right thing initially. we save millions of lives. we did the right thing. shutdown would no longer be the answer at all. a small shutdown of certain areas, but we don't want to do that. shutdowns can be very helpful, but not for long periods of time. we are understanding what we are
dealing with, but it is a very complex situation. i can only say thank happened that we are so advanced in what we are doing in terms of vaccines and therapies. we now know a great deal about the virus and how to treat it and who it targets. almost half of the deaths come from less than 1% of our population. think of it, half the deaths, really a term in this number. -- a tremendous number. half the deaths come from less than 1% of our population, those in nursing homes and assisted living facilities. the average age of those who died from the illness is 78. we have strategies to protect those most vulnerable. the scientific pack forward is protecting those at highest risk while allowing those at lower risk to carefully return to work into school with appropriate precautions. i am once again urging the
american people to protect their near family and friends and is elderly, especially if somebody is elderly and they have heart problems, if they have certain illnesses. diabetes is a very bad one, having to do with what we are discussing. but you want to protect the elderly and socially distance, wear a mask if you cannot socially distance and practice vigorous hygiene. everyone, even healthy young people, should be taking extraordinary care to avoid infecting those at the highest risk on this -- from this terrible disease, the elderly and those with chronic health issues. acrosscurrent hotspots the sunbelt, the data is showing very encouraging signs. arizona in particular has
crossed an important threshold. for every person with the virus, we are seeing an average of less than one additional person infected, and the numbers are coming down very substantially. they are starting to come down in florida. arizona is really leading the way. i was in texas yesterday, and it is starting to come down significantly, we believe, in texas. earlier today, i visited the red cross headquarters to discuss plasma therapy, which is a tremendous thing that they are looking at. they have a lot of experience with it. potentially life-saving treatments that infuse sick patients with powerful antibodies donated by those who have recovered successfully from this disease. more than 2 million americans have recovered from the virus, and today we are asking them to visit coronavirus.gov,
coronavirus.gov, and volunteered to donate plasma. we need plasma. it is something that has been very effective, and we need plasma from those who were infected and successfully recovered, as most people do. is one of the many promising treatments my administration is accelerating. we secured over 90% of the world's supply and encouraging antiviral drugs that can effectively block replication of the virus. use of also approved the the widely available steroid which is very successful, which has shown success in patients even at more advanced stages of the disease. on july 17, we announced a $450 million agreement to build
manufacturing plants and hundreds of thousands of doses which isdy treatment, currently in late stage clinical trials, moving along very rapidly. regeneron. as a result of such significant strides, the mortality rate of is 85%ver the age of 18 lower than it was just in april. in a very short period of time. think of that. 85% lower than it was in april. now i want to provide an update and securing economic comeback, particularly through negotiations on capitol hill. throughout this crisis, my administration has taken the most aggressive action in history to rescue our workers. and we have set records on job creation two months in a row.
we enacted a $3 trillion economic relief package, the paycheck protection program alone saved over 50 million jobs. billion ind $300 direct cash payments to americans. we approved $500 billion for hardest hit industries. $500 billion. doallow homeowners to further mortgage payments, and we put a nationwide moratorium on evictions from federally backed properties. that is a big thing. we also suspended student loan payments for six months, and we are looking to do that additionally and for additional periods of time. as a result of these extraordinary steps by the administration, we added a record 7 million jobs in the two months past alone to ensure this -- in the two months past alone.
continues -- we have great foundation to build on. we were outdoing everybody from china. you remember for many years you had heard that in 2019 would surpass the united states. it did not. we gained on them significantly, took it to a level that nobody has ever seen, and we will be back there shortly. it won't take very long, based on everything we are seeing. i think next year is going to be an excellent year, maybe one of our best years ever from an economic standpoint. we can never forget the people that have been lost. we never will. never forget what happened. this could have been stopped in china. they should have stopped it and they did not. to pass asking congress additional legislation to
support americans indeed. -- in need. first, we want a temporary extension of unemployment benefits. this will provide a temporary bridge for americans who lost their jobs due to the pandemic. this is nobody's fault. i want to thank senate republicans for fighting to extend unemployment benefits strongn the face of very democrat obstruction, which i'm surprised at, because this is great for our country and it is great for our workers, and it was not our workers' fault. second, we are asking for democrats to work with us to find a solution that will temporarily stop evictions. we do not want people who have lost their jobs due to the virus to be evicted from their homes or apartments. we don't want that to happen. third, we need democrats to join us to pass additional economic relief payments for citizens,
like the payments sent directly to 100 62 million americans earlier this year, which was a million americans earlier this year, which was a tremendous success. my administration is also asking democrats to work with us to billion to help schools safely reopen. children are not at the lowest risk. you look at what's going on, the younger, the better. amazing immune system. for children, the lower they are in age, the lower the risk in terms of the age group itself. i tell the story that in new jersey, with thousands and thousands of people dying, sadly dying, the governor was telling me that only one, phil murphy, only one died under the age of 18. that's incredible.
with thousands of people who died in new jersey, one made an impact. one died under the age of 18. children are at the lowest risk of any age group from the virus. indefinite school closures will inflict lasting harm to our nation's children. we must follow the science and get students safely back to school while protecting children, teachers, staff, and family. we have to remember there is another side to this. keeping them out of school and keeping were closed is causing death also. economic harm, but causing death. for different reasons, but death. probably more death. if governors do not want to open public schools, the money should go to parents so they can send their children to the school of their choice. we say if a school does not want to open or of a governor does not want to open, maybe for political reasons, maybe not, but there is some of that coming on, the money should go to the parents so they can send their
children to the school of their choice. if schools stay closed, the money should follow the students so families stay in control about the decisions of their sons and daughters. pass a bill, the democrats must reject the extreme partisan voices in their party. they have tremendous voices. they are looking at november 3, and probably a day later they say, let's open up the country. but the democrats have to reject the extreme partisan voices in their country so that we can get our country going even quicker than it is going right now. we have a lot opening and we have a lot of states that you thought were doing pretty poorly from the standpoint of the virus, and are actually coming back very strong. this pandemic has underscored the importance of economic policies that put american families and workers first.
i got elected on the fact that i put america first. decades, in my opinion, we put america last. if you look at that crazy, horrible, disgraceful trade deals that we have watched for many years destroy our country, nafta, we terminated it. we have usmca now, a great deal, and our farmers are doing really well despite the pandemic. we put america first, america's families first, and america's workers first. that means bringing jobs in factories back to our shores, reducing unnecessary regulations, and creating new trading opportunities for jobs and for the future. we have cut regulations at a level that no president has ever cut regulations, and we have cut taxes more than any president in the history of our country. americans always rise to the challenge, and we will emerge more resilient, more
self-reliant, more independent, and more prosperous than it or. ever before. i will take a few questions. stephen: -- >> are you going to launch an effort to delay the united states election? pres. trump: i am going to explain to people, but it does not need much explanation. you look at article after article, tens of thousands of mail ballots have been tossed out in this year's primaries. what will happen in november, it's a mess. this was done by "the washington post," of all papers. fake news, but in this case it is true. this was done by "the wall street journal." "vote by malic at spearmint reveals potential problems within postal voting system -- vote by mail experiment reveals potential problems within postal voting system." they are doing trial runs that are a disaster.
electionant to see an -- for so many years, i've been watching elections, and they say the projected winner or the winner of the election. i don't want to see that take or,e in a week or a month frankly, with litigation and everything else that can happen, years, years, where you never even know who won the election. you are sending out hundreds of millions of universal male in mail-in ballots. who are they being sent to? it is common sense. and the democrats know this. i want an election and a result much more than you. i think we are doing very well. we have the same fake polls, but i have real polls where we are doing very well.