Skip to main content

tv   Bloomberg Technology  Bloomberg  August 12, 2021 5:00pm-6:00pm EDT

5:00 pm
>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: how will the company
5:01 pm
plus, travel rebounding big time. airbnb past estimates with revenue up more than 300% last year. its biggest night ever since the pandemic began. doordash also beating on revenue despite restaurants reopening. what does delta and the surge mean for both companies? the nft phenomenon continues. draftkings must scoring big as the company launches its own in-house nft platform. how the first token of tom brady was a total touchdown. all that in a moment. let's get a look at the markets. take it away. >> the s&p 500 come up modestly, 0.3 percent, trading at a more narrow range. not much catalyst in terms of drivers for the markets but the technology lead the way. nasdaq 100, tech heavy, up 0.4
5:02 pm
percent despite rising yields on u.s. treasuries. the u.s. 10 year up 1.3 5%. if there was a weakness it was semiconductors. the semiconductor index down one point 1%. micron downgraded. that drag down the index. the other consideration, covid. come with me into my terminal and look at the chart, rising cases in the united states primarily because of the delta variant. that is a consideration as markets way the reopening of the economy against the path of rates. for corporate america, we had earnings continue on thursday. disney takes the headlines, kind of flat after hours but it has risen considerably. beyond subscribers, ms of beach to the park segment on operating income that helped the bottom line. looking to the commentary around the delta variant, doordash and
5:03 pm
airbnb, again those companies cautioning what the outlook looks like for the rest of the year on it comes to the delta variant. when you look year to date, they have had a mixed picture. disney has really lagged, underperformed so much and that is relative to the s&p 500 with a lackluster growth and disney plus. they changed the narrative with their earnings and the outperformance from doordash, there seems to be is a lansing food delivery. the outlook for the rest of the year will be key. i'm interested in those earnings. emily: we will cover those in greater detail. disney's online tv business surprising investors with disney plus streaming reaching 116 million subscribers in the quarter. 3 million more than expected. let's dive into those numbers with scott. strong numbers and disney, still
5:04 pm
fighting the pandemic at the parks but let's start with streaming. what stands out? >> most obviously, two things. the upside in the disney plus subscriber numbers, they have doubled subscribers over the past year. significant, continuing performance since the last quarter, exceeding 100 million subscribers, going to 116 million. however, it is notable that if you look at this quarter versus the prior year period, we saw a decline and that makes it obvious disney is choosing subscriber growth over related revenue. they are making a land grab and making a bet that that will be a successful decision for quarters in years to come. emily: there is tension between releasing in theaters and releasing on disney plus. disney plus is a great success
5:05 pm
but the company was sued by scarlett johansson a few weeks ago because she disputed how they released a movie and the payout that resulted. how do you expect them to make these decisions going forward? we are in this messy mid pandemic period, it is still scary but i wonder what disney is thinking long term. scott: first of all, if you think about the balance, clearly if you are talking about releasing movies straight to disney plus, that will have a positive impact on subscriber numbers because people will sign up and stay on to be able to watch these blockbuster films. on the other hand, this is clearly an issue that, not just disney but the industry will have to deal with. we are at a transitional point where we aren't totally back in the office and out and about and in theaters but we are not totally at home. seems to be based on experts we
5:06 pm
speak to, that you will see more normalization, but it won't come until next year. i think disney indicated they are comfortable with that 45 day window from the time of their release of a movie of the time they make it available for streaming. having that go forward contrast with talent like scarlett johansson is a process. those things need to be better accounted for in those types of relationships and contractual agreements. emily: we are listening to the earnings call. just heard bob mentioning his predecessor bob iger when talking about the release strategy for "black widow." >> both bob iger and i, along with the leaders in our creative and distribution teams, determined this was the right strategy because it would enable us to reach the broadest possible audience. emily: what do you think of him invoking iger? scott: bob iger did maisie --
5:07 pm
amazing things that disney. he is probably the single person that is most associated with the company, even at this point after he has moved on. that said, i do think the company has to with knowledge -- acknowledge that an appropriate balance needs to be struck in terms of not just getting movies out to the most possible viewers, and of course monetization, but making sure the talent they use for those feature films are appropriately compensated. there is a disconnect that arose in the context of "black widow" and i would be surprised if they didn't better address those situations in quarters to come. emily: quebec -- the ceo saying , he made his reputation at disney running the parks business. how much does it matter if delta
5:08 pm
really shuts things down, slows things down around the world, for disney at the parks given the success they are seeing on the streaming side? scott: i think parks are hugely important. when you think about revenue mix, i think this quarter parks were 25% of revenue. i year ago it was 10%. we saw massive not just uplift, but upside to parks revenues. i think delta will have a negative impact on traffic and related revenues for at least a little while, but i think there is confidence that hopefully, as a nation and a world, we will get through this and next year is going to be a much healthier year than we saw in 2020 or even this year. while i think the delta variant is important, i don't know people are expecting it to be long-lasting and that is why i think there is room for optimism.
5:09 pm
most people understand there is a lot of pent-up demand for parks visits and revenue. emily: scott, thanks so much. continue to listening to the disney earnings call. coming up, more earnings ahead with airbnb and doordash. how the surge in delta cases could impact their business in the weeks to come. facebook told employees they don't need to return to work in person until january 2022. the company was working on a full return by october. this following announcements by other companies like amazon, apple and alphabet, delaying the return to work. this is bloomberg. ♪
5:10 pm
5:11 pm
5:12 pm
emily: airbnb blitzed past expectations and reported a positive sales outlook for the current period, a sign travel demand is roaring back despite the new variant of coronavirus. the company writing in the earnings report, we anticipate the impact of covid-19 and the introduction and spread of new variants will continue to affect overall travel behavior. i want to bring in angelo for more on the huge numbers, up 300 percent year-over-year, up 10% over two years ago so pre-pandemic comparison. do these numbers surprise you? >> they don't surprise us. we expected the numbers to come in strong in terms of experiences, which we absolutely got, essentially tripling over year ago. bookings surged and the revenue
5:13 pm
levels are phenomenal. we were talking about a number of travel industries that were accelerating going into the second quarter. we want necessarily surprised but we were a little surprised at the strength in europe. when you look at where the weakness continues to reside, it is in the urban areas. that is not a surprise on our end. it comes down to the guidance in the second half of the year, some of the i guess lackluster or kind of deceleration we expect to see thereafter, which is probably disappointing more than anything. emily: one trend don aaron be -- airbnb is, people long-term renting. adding hugely to the bottom line but a big question is delta, not a lot of color from airbnb but they said delta will continue to affect travel behavior.
5:14 pm
how does that impact your outlook for airbnb? angelo: it depends what kind of investor you are. as far as our outlook on airbnb, it doesn't impacted. we continue to look at this stock from a longer-term perspective. we think this is a uniform within a travel industry. we love the business model, the fact that they are taking significant market share within the region. we look at what they did in the second quarter and you extrapolate what they can do over the next couple years, there is scalable, profitable type of potential out of this business model that you may not see in other areas of the travel industry. that said, the delta variant is going to create some lumpiness and uncertainty for airbnb stock, but we think that potentially provides
5:15 pm
opportunities for long-term investors. emily: doordash, strong numbers despite restaurants reopening. over the last three months, things were calm her. cases are surging now. how does that impact your outlook for doordash given that it is holding up when things are open and holds up when restaurants are closed? angelo: this is a number that made us feel a little better about their business model. as far as the sustainability of that business, i think subscriptions were able to hold up and on a sequential basis and year-over-year basis, the fact that we are seeing nice momentum out of new verticals, that is something we expected but probably we are ahead of where we anticipated. i think all great signs for this company. in these international markets,
5:16 pm
they announced going into japan and the second quarter. we haven't seen the fruits of their labor there but there is nice potential on the top line over the next couple years. i think it will be interesting, when you look at airbnb and you look at the long-term trajectory, you see the scalable business model and profitability , i don't know if you see that in terms of doordash. emily: the information report says doordash has been holding talks to buy instacart for somewhere between $40 billion-$50 billion. angelo: given the valuation that doordash is creating, i think it makes sense for them to go and make a big splash. i wouldn't fault them at all. it would be prudent for them to go out and use that equity value. emily: we will keep following that one. i will be speaking with doordash 's ceo tomorrow.
5:17 pm
angelo, thanks so much for joining us. that interview with tony, tomorrow right here on the show. stay with us. after the break, mckenzie scott has given away $8.6 billion in the last year. the reasons behind her decision have been shrouded in secrecy. what we know about how she is deciding to share her fortune with a growing number of organizations in need. we have more details next. pelletier jumping more than 10%. forecasting sales of the data software to grow more than 33% in the third quarter, reflecting demand from government agencies. palantir has been attracting new customers. this is bloomberg. ♪
5:18 pm
5:19 pm
emily: apple's main for --
5:20 pm
iphone assembly partner is assuming phone sales will slow down. the forecast caught analysts by surprise. the third quarter is usually a time of peak reduction. mckenzie scott increasingly the most powerful and mysterious force in philanthropy, today has given away $8.6 billion in the last year. a survey accounting for about half of that, 300 75 total grants to nonprofits, reveals how the philanthropist is directing her donations. who are the lucky recipients? sophie, we haven't known a lot about how she has been making these decisions. what are the numbers and decisions she made? >> that is telling us she is doing it quickly and she is doing it at a scale we haven't seen before. comparing it to the gates
5:21 pm
foundation, which is the other living donor that you think of when he think of great philanthropists, because scott's giving is bigger than the gates foundation and ford foundation combined, it is a lot. that has been the main focus. there is not a lot of information about the decisions she is making when it comes to picking the nonprofits she gives to. that is why we did this. emily: most people say, this is amazing. there are some skeptics who think she should be more transparent. why is that? sophie: skeptics are for the most part still, they have a lot of praise for mackenzie scott. the skeptics do say that she has all this power and all this money. she can exact a lot of influence on the world we live in. she is a public figure because she is deciding to give it away like this. the public deserves to know more about the people on her team making these decisions, and more
5:22 pm
about her philosophy and ultimately, what impact this is having. emily: the scale of this is incredible. she announced two point $7 billion in donations in june, and in july, she made $2.9 billion on the rise in amazon stock price. how much money does she have left and what do you imagine is next? sophie: she signed the giving pledge so she has pledged to the majority of her wealthy in her lifetime or her will. she is worth $58 billion. a majority would be 51% of that. she has said she plans to keep at it until the account is empty. she said that in one of her posts, one of the blog posts where she announces these gifts. there are billions left to give. the point you made about the $2.9 billion in ours is a good one. she is richer than when she became, when she began the project, when she signed the giving pledge in 2019 she was
5:23 pm
only worth $35 billion and now she is up to almost $60 billion. emily: there are scams, fraudsters pretending to be here, dam glowing -- dangling money in front of organizations in need. sophie: the new york times reported scammers taking advantage of the fact that there is a lot of mystery about her giving. there is not much public information, no website, no mackenzie scott foundation. they took advantage by pretending to be here and pretending to give gifts, but a testament to how mysterious this process is, a lot of the people who are real recipients of her gifts didn't really believe that her team members were real. they thought they were scammers. even lawyers said don't respond. emily: interesting. we will see what her next move is. sophie alexander, thanks for bringing us that story.
5:24 pm
reddit is raising funding that will value the service at $10 billion. the new financing will bring in as much as $700 million. it was valued at $6 billion in february and saw a surge in interest after a forum on the site jolted the stock market. bitcoin slipped below the $44,000 mark thursday, a day after closing at its highest level in nearly three months. as crypto markets inched back to $2 trillion, investors are left wondering if one cryptocurrency has a brighter future than the others. >> the fight over the future of cryptocurrency. cryptocurrencies are among the most divisive assets in the world. some investors love them and are willing to bet their life
5:25 pm
savings on them. others think that is crazy. inside the world of crypto, there is another battle brewing and it could find the future of the technology. on one hand, we have bitcoin. they believe the primary purpose of a crypto is to store wealth, that the digital assets will someday overthrow the dollar and remove the power to print money from the state. on the other hand we have ethereum and groups that want to decentralize finance. these take the idea a step further. they say we can have a divot -- digital dis-centralized form of wealth but when we do, we can transfer value when rules have been met. we can create contracts between people that settled themselves. we can call these smart contracts. imagine you and i want to stake a bet. that bet can be on the outcome of a sports tournament or on the
5:26 pm
maximum temperature in the midwest in july, or an option contract on the closing price of a traded commodity like gold. we could write computer code that checks whether the condition has been met and if it has, some crypto is paid into my account. that has the potential to cut out loads of middlemen and women . insurers and brokers could all see their businesses disappear with lower fees for those using the services. naturally, that is the space bankers and financiers are worried about. it is too early to say who is winning, but get a ringside seat now. it promises to be one of the greatest battles of our time. this is decrypted. for more content like this, follow us on your favorite platforms. emily: that is a battle we will
5:27 pm
continue to watch. ed ludlow joins us later with a deeper dive on crypto market moves. draftkings unveiling an in-house nft platform and the first tom brady release selling out in minutes. we will speak to the president of draftkings about the nft strategy and what other tokens to look for, next.
5:28 pm
and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at that's a-e-r-o
5:29 pm
5:30 pm
>> welcome back to bloomberg technology. i am emily chang and bloomberg -- at bloomberg san francisco. ed: i was up here the last few days talking about going -- bitcoin around 47,000. i was talking with investors, looking on twitter. bitcoin to the moon they said. we have dropped back down below 44,000. there does not seem to be that
5:31 pm
much more of an issue. come with me to my bloomberg terminal. there is asymmetry and dissension between ether and ethereum. there is this outside gain of ether. there was this idea that it would make it more transparent, lower the cost. ether has as well -- has fallen away as if yuri him has -- ethereum has. the crypto market broadly is moving back toward 2 trillion. we had a 55% gain. since july alone, we are back down around those 44,000 numbers.
5:32 pm
crypto related stocks, all significantly lower on thursday. sometimes i come up here and say obviously bitcoin has fallen. but there has not been that symmetry, that same kind of move that sees that severe impact between these markets. names like coinbase down almost 8%, microstrategy, big bitcoin holdings. that company is down 3.5%. emily: i want to talk about nft is now. the market for nft's is hitting new highs with 2.5 billion dollars in sales. that is up just 13.7 million from the 2020 analysis by reuters. this sports betting company is lining up partnerships with tom brady, naomi osaka, tiger woods.
5:33 pm
i want to bring in president of draftkings, matt. it looks like you pulled out of the preseason collection featuring tom brady. what else did you see on day one? matt: we minted 10,000 nft is all around -- nft's all around tom brady. that was the first drop we ever did on draftkings orchid place and the debut of autograph which is the nft content business. that was our debut. what we saw was a tremendous turnout from our audience. we knew there was going to be an extremely strong demand for digital collectibles for -- from our millions of users. we understand that space and our customer. we understood this was multiples of what we had available. everything we put up across five
5:34 pm
drops, starting at 3:00 p.m. yesterday, everything sold out instantaneously. it was amazing to see. emily: it seemed that the nft fat had passed. our people seeing these as collectibles or are they seeing this as an investment and speculating on rising prices? >> at think in many ways a lot of people are starting to figure out there is not a big difference between a digital collectible and a physical collectible. if you equate the tom brady drop with his rookie cards he is selling -- the ones that are being sold on ebay, it is $.15 of cardboard, a little bit of ink. that is not what gives value to those collectibles, it is the passion to add that to your collection. it is the scarcity of it, whether or not the art resonates with you.
5:35 pm
i think people are really figuring out that digital collectibles and physical, there is not a tremendous difference. there is a role for any great collection. >> all right. we will continue to follow how that marketplace evolves. thank you for sharing it with us. with covid cases on the rise and lose season slowly approaching, one startup is developing a data hub that can detect infectious disease outbreaks. i will be speaking with the ceo of this company next. -- of kinsa next. this is bloomberg. ♪
5:36 pm
5:37 pm
5:38 pm
emily: san francisco has become the first major city in the u.s. to require full proof of vaccination to enter businesses. this includes restaurants, bars and theaters. san francisco now requiring vaccines to enter bars and restaurants. how will they make this happen?
5:39 pm
>> the mayor has really left it up to the businesses to provide proof of vaccine for all. the reaction from the bar owners and restaurants association has largely been positive. i think they will be happy to provide this with people calling out sick -- two cut down on people calling out of sick. also, people don't want to be exposed to the virus. they would be happy emily -- happy. emily: facebook has returned to work. will january be mourner -- more of the norm? crisis especially in the tech industry, facebook, apple, amazon all being pushed back.
5:40 pm
you are seeing it trickle through to other industries. mcdonald's said corporate workers would be delayed in coming back. we were looking at labor day as the return to office time and now we don't know. >> meantime, the cdc same boosters should only be for the mona -- only be for the immunocompromised now. you have people taking this into their own hands. stressing about whether they should have one. what more guidance are we actually getting here? quite the cdc wants to stick to the immunocompromised. the world health organization has said they don't want booster shots because there is a real equity issue around the world. for now, they really want to stick to the booster shots. just the people who would really
5:41 pm
desperately needed. >> in the meantime, this increasingly dire situation at hospitals, hospitals definitely searching for staff, staff quitting for -- quitting on-the-job. walking out. what is happening? >> there has been a massive surge in hospitalizations across the country. there has been a 31% increase in hospitalizations just broadly in the past week in the u.s.. some areas have seen lower vaccination rates in texas, florida and mississippi and hospitals are becoming increasingly strained. a lot of health-care care workers are frustrated because they see this as something that could largely be avoided. it is just a desperate situation in a lot of places. it calls for getting more people vaccinated and safe. emily: thank you so much for
5:42 pm
weighing in. as close begin to return, in person, there is a lot of concern about kids safety. especially with those under the age of 12 still unvaccinated. one california-based startup plans to get ahead of the outbreak. kinsa makes monitors that can track health in real-time. how this technology can help children in particular. as a mom of four kids, kids in school are predicting a multi-deming. that sounds really scary. what you mean by that? >> one of the things we do by looking at this aggregated data across billions of households is we look for clusters of illness and we look at how fast it is spreading. what we are projecting for this upcoming illness season is severe levels of cold. you have covid-19 and covid-19
5:43 pm
will vaccinate like cold and flu symptoms. covid-19 in the unvaccinated will manifest like covid. we are seeing 16 states that are above baseline illness levels. if you compare this two years prior to the pandemic, they are above. last week that was nine. this trend of an increasing number of states above his line illness levels. in children under nine, we see that base illness level is above what we would expect at this particular time. emily: why are noncovered illnesses elevated as well -- non-covid illnesses elevated as well? inder: we see that colds are early this year. there is a high level tory illness and it looks like colds are pretty severe.
5:44 pm
there is this disease called rsv that typically occurs later in illness season and it is happening earlier this year. we have not -- people were not exposed to codes last year. even that kids under -- colds last year. it is going to be colds, flu and covid. emily: why isn't the cdc saying anything about this and what do you think about how they have handled the situation so far? inder: for the past five years, we have been doing these kinds of projections. even back in 2017 and 2018, the worst flu season on record, we saw there would be an extremely bad flu season months ahead. at the beginning of the pandemic in march, he saw the covid-19
5:45 pm
spread on average 18 days earlier location by location across the country. the new york times carried a whole series of articles on that. we have to work with the cdc. i am disappointed we are not able to work collaboratively work with the cdc. they are a great institution but we have to nudge them in the right way and start working with technology startups and the technology sector. emily: what trends are you seeing now that the cdc is not seeing as it pertains to delta? inder: the number one thing is there is elevated levels of illness and we are seeing colds surging and these 16 states well above baseline. those are early insights. you will start seeing the cdc data a little down the road.
5:46 pm
emily: how are we as parents supposed to protect our children? there are these mass panic controversies. they are going back to school and we want them to learn and be safe and all of this is happening at the same time that parents are being asked to return to work. inder: the really hard part about this i'm coming -- this coming season is the confusion. you don't know what you have because all of these diseases can manifest themselves like cold and flu and with people getting tested, it will continue to cause questions. some people will get them, some people want. the important thing is to take care of your kids the way you would take care of your kids. if you think there is an illness level, go check out our weather alerts. you can see with the level of risk is. protect your kids, wash their hands more. mask when you can.
5:47 pm
certainly get vaccinated. we also have the school health program. we run it at 5% of u.s. elementary schools where we give away free kinsa monitors and kinsa apps. if your school wants to apply, they can apply at kinsaheal emily: we are seeing that even vaccinated adults can get sick with covid. if we get a vaccine for kids under 12 soon which we hope we will, will that dramatically changed the game for children? could that dramatically alter or slow the course of the pandemic? will he still have problems? a lot of people will still be unvaccinated. >> the data is unclear how fast delta is spreading. i will tell you that flu holds,
5:48 pm
if you look at the history of respiratory illnesses, all spread through children. they are out in physical proximity with a lot of other children, they bring it back home and parents get sick. my believe is if we can get kids vaccinated, it will absolutely slow delta down. the same thing is true of the cold and flu. that is one action we can take. we can certainly get our children vaccinated. emily: there is confusion about booster shots as well. we have some new guidance from the cdc but what do you make of people taking matters into their own hands and get -- getting blisters themselves even if the cdc is saying not to -- boosters themselves, even if the cdc is saying not to? inder: i am getting a boost or as soon as i can. my family as well.
5:49 pm
just to protect those in our network. our children, grandparents, that is what i will personally do. i think it is really important to keep encouraging families, friends to get vaccinated, the data is very clear, vaccination slows the virus down. if you get sick, you're unlikely to get severely sick and it is less likely that you're going to get it in a way that spreads. the data is very clear. emily: thank you for sharing that personal insight with us. interesting. that is the ceo of kinsa, inder singh. all of the latest calls from disney, airbnb and doordash. disney is up, airbnb and doordash are down. we will look at micron technology. shares in the chipmaker tumbling after morgan stanley downgraded the stock as a broadly negative
5:50 pm
call. the fifth worst performer among members of the philadelphia semiconductor index. this is bloomberg. ♪
5:51 pm
5:52 pm
>> as we look forward to the back half of the year, it is right in line with what we saw. in the portfolio is simplification.
5:53 pm
we announced the sale of our korea business. the business is doing well. great return for our shareholders. that was jamie ianone about ebay's forecast for the third quarter. >> disney, doordash, disney shares up while doordash is down. >> it is amazing how bullish disney is about the outlook for the rest of this year. we accepted -- expected the other variant to be the topic of the day but he basically said that demand for parks and cruises in particular is greater in the current period then the fiscal third quarter. disney plus is so strong. it shows that some much of the
5:54 pm
conversation, whether streaming dies, whether the economy normalizes, really interesting. all three of these companies, consumer psychology was at the heart of what was being discussed. >> i find the airbnb reaction kind of surprising given they sought more than 300% revenue growth year over year. these longer stays are going to be a big part of the company future and that the pace of travel is accelerating in europe. why are investors so concerned about what they are seeing here? >> the delta variant. this was the delta variant earnings. airbnb did so well. not just compared to what was lost here but pre-pandemic. they said that will change going forward. this all comes down to psychology. i miss going on vacation. i miss going to hotels.
5:55 pm
one of the trends is people staying for longer duration trips. there was negativity around the outlook. they will be more comfortable doing that than they would be going to a hotel. frankly, i am desperate for a vacation. emily: the risk of cancellation for airbnb is a big one given the uncertainty. i have a trip planned in october that we were excited about one week ago. >> complete changed. emily: doordash, it seems like whether the world is open or closed, doordash will do well. those shares reacting negatively there. >> it is not so much a covid story with doordash. it is that buzz word, stickiness. it seems food delivery is here to stay. what they are worried about is how much money doordash is pushing into growth.
5:56 pm
it wants to do non-meal delivery, different items and the expenses for that are very high. according to doordash, they will continue. it was interesting how sanguine they were about the pandemic. nothing really when it came to the delta variant, nothing about how many of us are staying at home, going out to dinner now that restaurants have reopened. there was not much talk about that news out of san francisco. emily: there is that interesting report from the inter--- information they have been in talks to buy instacart. doordash is a $61 billion company. not that much bigger. something we will continue to follow. that doesn't for this edition of bloomberg technology.
5:57 pm
i am emily chang in san francisco, this is bloomberg. ♪
5:58 pm
comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. (announcer) if you've struggled to lose weight, you might think you were born with a slow metabolism, but what you may have is insulin resistance. fat becomes trapped inside your body and it becomes very difficult to lose weight. now there's golo. golo works to reverse the effects of insulin resistance, increase metabolic efficiency, and targets stubborn belly fat. join over two million people who have found a smarter way to lose weight and get healthier. go to and change your life. that's
5:59 pm
6:00 pm
>> good morning and welcome to daybreak australia. i am haidi stroud-watts in sydney. >> good evening, i am shery ahn. the top stories this hour. >> another day, another record high for the s&p 500 as it settles into the narrowest trading range before the pandemic. quite a fairytale earnings report for disney as


info Stream Only

Uploaded by TV Archive on