Intel. We hear from the ceo in a bloomberg explosive. We find out why twitter growth did not translate into sales. We hear from the ceo. In latehares plummeted trading after reporting thirdquarter earnings. For the first time in over two years, the Company Reported a decline in quarterly profits, most notable from the report, amazon issued a week forecast for the busy Holiday Quarter, likely sparking worries the Big Investments in oneday delivery are not bringing a sales boost investors were hoping for. Also fell. Ces i am joined by our guests, thank you both for joining me. Breakdown what happened to the bottom line. You are still turning a profit, but the growth was slower. Why . A lot of angst around cost. We knew oneday shipping would bring variability and cost with it for a couple of quarters. Lso, they are spending a lot on content. There is a spending cycle going on, which makes the next couple of quarters the anxiety continues. Youre clearly seeing a sales impact happening on the retail side because of oneday shipping. It will pay off longerterm in terms of market share and Revenue Growth, but as far as concerned,ility is it will continue through the quarters. Taylor are you concerned about the rate of spending and the impact on the bottom line . Or should we just brush it off with one quarter . I dont think it is one quarter, but it doesnt concern me that much. Amazon proved to the market they could drive profitability. They pulled on profitable roddicks products. In 2019, use the increased spending on things that will drive more customers to use amazon all over the place. Oneday shipping, getting the product so matter what they are back on the shelf. I think what you will see on the time overtime is, the strategy is world domination. Anywhere you can buy a product, anywhere online, they want to offer that and monetize it in other ways, advertising, etc. Taylor is market share dominance the right strategy even though it is not translating to the bottom line . Have proven it does work. If they wanted to work, it will work. Want it to work, it will work. Billion, andof 36 infrastructure is market cheerleaders. That doesnt concern us. If you look at the advertising division, you saw a growth exploration this quarter. What we saw happening is now advertising will slowly taking center stage. Is slowly taking center stage. Taylor im showing a chart here in our terminal showing the Revenue Growth for amazon web services. How concerned are we that this is slowing . Think there is concern it is slowing, but there is a big market out there for them continue them to continue to go after. Microsoft is doing a good job and google is investing heavily in web services, but amazon has a big leg up. Microsoft brought up microsoft will structurally benefit more from the shift to the cloud, him and so than amazon. Are we beginning to see Amazon Services and other cloud products losing market share . Im not sure about that. In terms of amazon losing to microsoft, yes. The cloud, they have been. Uccessfully executing the market here keeps growing at a healthy pace. There is in a from for three players, but google is also stepping its game of quite a bit in the last couple of quarters, really. You will see the results. At the same time, amazon can ,old growth over the 30 range like advertising disclosure disclosure of advertising, will become more critical. They can be significantly bigger than what they are right now, they have better targeting in many ways, but they are almost just before the decision plays. I have potential. As a business gets bigger they have potential. Suddenly theaws, profitability perspective for the company was changed, now, the weight will shift more and more on advertising as aws plays more defensive and holding. Taylor if that were true, why are we looking at a lower than forecast fourthquarter if they have that advertising . Probablyk they are looking at Consumer Spending and making sure they are being conservative for what is usually a really big Holiday Season for them. I do agree that when it comes to the areas of market share and the investments they are making, and their ability to juice more sameue out of the transaction for advertising, i think they have a lot more opportunity. Taylor in an interesting conversation, are their hardware products, thing like things like alexa that should enable more shift in Revenue Growth to the cloud . Do you see them continuing to integrate the hardware with the software . I do. The way to think about that online, on their website, is that still only about 12 of the products that amazon sees come from research that somebody paid for. You can imagine, there are so many opportunities to grow that online. Once you start integrating voice foods, you can add to the Customer Experience taylor you can forget the grocery business taylor you cant forget the grocery business, the foot business. Food business. Expectation for that business remains single digits. They are performing in single digits. Reflective it is reflective of the expectation. The fourthquarter revenue dipped in concern about International Growth slowing down because of holiday ships here and there. That may play a role in dig to get and they deeper the reasoning behind it. If you look at this quarter, the way material shipping is driving acceleration and regional spending in rachel spending, it is actually showing signs. Retail spending, it is actually showing signs. Everybody is trying to get to one day, as well. Amazon will have already invested and sort of have the lead to protect their turf. Wantr if they do indeed to protect against competition, i want to take a look at another amazonr chart here, shares going back one year, underperforming the broader retail index. Is it a regulatory overhang . What is it that we are seeing these shares drive higher given their dominance . Given the natural antireaction, whether it is labor strikes, regulatory concern, i think those are all factoring into it. A lot of the underlying fundamentals come along terms of the business, long terms of the business, are still strong. Taylor thank you both for joining me. Fiscal First Quarter results were better than expected and boosted analyst confidence. Microsoft is up 16 since june, trading near an alltime high. Googleup, employees say the company is trying to keep them from speaking out, using Google Chrome to do so. We have the details, next. If you like bloomberg news, check us out on the radio, the oromberg app, bloomberg. Com, in the u. S. On sirius xm. This is bloomberg. Google, once famous are encouraging its employees to speak out against things they thought were wrong, is now being accused of trying to crush worker dissent. Employees claimed the giant has created a web browser enabled tool to monitor workers attempts to organize protests and discuss labor rights. This come amid comes amid confrontation between management and employees. Lets bring the Global Executive protect, tom giles. What are employees saying in this instance . Tom there is a memo that has been circulated, we do not know how widely. The concern that has been raised is that this tool, and you extension for the chrome browser you center lenny used internally, this one sense of a red flag, some kind of a flag, when somebody organizes a meeting that occupies a certain number of rooms or involves a certain number of people. Threshold,ches that it gets liked. Flagged. Google has come back and said to us, look, the memo misinterprets this, this is something that we put in place to cut down on meeting spanning certain space. There is a scarcity of office , like,r concerns about is the stuff being allocated correctly . However, in the google setting, where there has been escalation, as you pointed out, in tension between employees and management over organization, over protests, over management decisions, there have been walkouts that involved dozens of people. The concern is, is this an to tamp down organizing, keep us from raising protests . Taylor to be fair, i want to bring up googles statement in response. It is a popup reminder that asked people to be mindful before auto adding a meeting to the calendar with a large number of employees. What does this take from googles perspective . Tom this memo is misinterpreting the intent of this tool. But, what we have done as reporters, we have spoken to people who are familiar with the situation, were familiar with the contents of the memo. They have done some research. Engineers are google who are good and what they do, they have looked at the tool, they have done their own analysis of it, and they have raised some of those concerns that were outlined in the memo. Taylor mchugh said, there has been growing tension, if you will, between google and the employees. Remind me some of the recent heightened tensions we have been dealing with. Was concern about payouts for executives come a particular executives who walked away with a lot of money after being accused of misconduct, sexual misconduct, with an google. That was one of the things that raised a lot of eyebrows. Employees also raised concerns about googles willingness to go use contracts, Pool Technology for the military. Intelligence,al facial recognition, those kinds of technologies, are those going to be used for purposes that people within the rank disagree with . Taylor is this perhaps not a global problem, but a broader Silicon Valley problem, increasing frustration between employees and management . Tom there is increasing willingness for companies throughout Technology Industries the technology industry, Silicon Valley and beyond, to protest, to walk out, to raise how this about, technology, is technology being used for the red purposes, to make the world a better place, or to make the world more violent . These are valid questions. We have seen an increase in the andness and in the frequency of employees raising these questions. Taylor bloombergs tom giles, thank your for joining. Coming up, micron has a new chip they say will make data Source Centers faster than ever. We discussed with the ceo we discussed this with the ceo. He is next. This is bloomberg. Senators are. S. Calling for the chineseowned viral video at tictoc to be investigated. Tom cotton and Senate Minority leader Chuck Schumer say its growing properly recreates National Security risks. Growing popularity creates National Security risks. Calling for it to turn over the data it collects. For the first on this quarter, declineshowing a and downloads. Micron today announced it is forging ahead independently with , a new Memory Technology type of chip they previously produced with intel. Form storagewill drives and data centers that will provide faster access to data that existing models dont then existing models do. Who better to tell us more than the micron ceo . Thank you so much for joining me. Talk to me about this new chip. Happy to be here. It is a kind of memory that is thang you faster speeds flash memory. Chip densities that are higher. Suited fory, ideally bullet memory is less storage. This is to accelerate deep mourning workloads, high speeds. What we are being introduced today is a solidstate drive that is the fastest drive in the world. Taylor is this really banking on the future of the cloud . Sanjay it is a technology that works well. Of course, it is a technology, int can also be deployed other applications, such as mobile or other intelligent devices. No doubt, datacenter is a big portion of it, the chances of Artificial Intelligence today , with the ability to process a lot of data, gain from inside of the data, that means insight of the data, that means you need memory solutions, which is what micron makes. Data, accesstore the data, process it fast, it needs the kind of solutions micron makes. Grown out only in cloud applications, data center applications, but all the intelligent devices, from smartphones, to automobiles. Taylor you have previously been working with intel lobbyist, why the move to go with it . We have to control our own destiny. Technology,to we had partnerships before. Now, we have an opportunity to bring the technology to a broad application. Manageager technology our technology, roadmap, and manufacturing and capabilities in line with our business objectives. Taylor you talk a lot about smart phones, how much of a tailwind are we expecting from 5g . In your corporate that into your analysis . It will be a growth driver for many years to come. Not only about smartphones, it is about machine to machine. It will bring about many devices that will be connected with each other, intelligent devices that are able to collect more data. Within smartphones, no question they are high, speeds, are able to give you access to data and give you rich experiences. Immersiveee experience, to what different perspectives of a game being broadcast to you. In order to manipulate all of that on your smart phone, it needs more memory and more storage. The smartphones announced in february of this year, and the terabyte of storage. Taylor one of the phones that has 5g already is huawei. How is your relationship with huawei right now . With respect to the u. S. China trade relations, it has impacted huawei. They are an important and Large Customer of micron. We are very global. We have engaged with very diversify sets of customers. We have solutions that go into very many different markets and opportunities. Less than itt is would have been if huawei taylor are you actively working with the Trump Administration to clarify any confusion about how to get around some of the export bans . They also said in our september earnings that we apply for licenses, of course, licenses of session have not been granted yet. Grantinghat without the licenses, it will potentially lessen our opportunities with huawei in terms of future business with them. Companyt is, we are a with a diversified portfolio and a very broad set of customers all across the globe. Taylor i want to tie that into a chart i am showing in my bloomberg terminal to our audience, which shows your total revenue, and of course, a portion of that just under half or so coming from china. You say you are a global company. Where else can you start to shift that revenue given all the headwinds coming from china . I think what is important is we are a global company, a lot of our customers based outside of china, they the numbers you are looking at are related also to that aspect. If you look at chinese headquartered companies, as we our revenue is approximately 20 . With respect to huawei, they have been the largest 12 . Mer, approximately we have a very diversified set of customers. Iny have their supply china, but we are engaged with them, as well. Taylor in your business, it all comes down to the prices. Im going to show one more charts for our bloomberg audience. Prices have been diverging. Bottom, do we start to see prices start to pick up higher . Give us some new news. Seeing pricetarted increases. Nand markets, more solidstate drives are being used. As well as the content. Market demand drivers continue to be secular in nature whether it is the datacenter or smartphone or pc, or even industrial applications, automobiles, etc. You are needing more. Yes, there ishat some excess supply in the market right now, but what is important lesshe supply growth is than the demand growth. Which means that it is now coming down, it is a matter of time before place. Taylor thank you for joining me. Coming up, we take a look at all of the amazon Earnings Call at the amazon Earnings Call. That is next. This is bloomberg. Devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. Taylor this is bloomberg technology. Back to our top story ecommerce giant amazon missed analyst estimates, posting a profit drop for the first time in two years. Amazons forecast for the allimportant Holiday Quarter also gave investors more to worry about. Ir more analyst reaction, have two guests joining me now. Great to have you here. After this, you run to the call. What would be your first question . Yes, thanks for having me. If we look at the results for the Third Quarter, there were some really strong points. Revenue came in at the highend of guidance, operating income above the highend of the guidance which was 15 of the 19 past quarters. Flipsidepoint on the was aws growth and if you look at the after Market Reaction of the stock, it was down last i checked about 6 or 7 , primarily because aws revenue to 35 decelerated yearoveryear versus , buttations in the street of we think investors were expecting some deceleration. The question was around is their focus greater on the Enterprise Sales partnerships, which are larger contracts and could pressure Revenue Growth. I pose the same question to you and in doing so, i show you a chart on the terminal which shows the rate of growth of amazon web services, which as weve said have continued to climb sequentially, now down to about 35 percent. Is this your biggest concern . Absolutely. Increasingly as aws goes, amazon stock rose, and that is what analysts are looking at. Looking back to the last quarter, that was the first time we saw the growth rate dip to below 40 yearoveryear. I called it the potential canary in the coal mine and we have seen a potential continuation of that trend, dipping even further to the mid 30s, so it is really something to be concerning. On the other things, we saw this really strong topline momentum. The Commerce Business is on fire right now, but the impact of that will be muted by the fact that they are guiding lower for the Fourth Quarter than analysts were expecting. Foror that guiding lower the Fourth Quarter, is that a broad Consumer Problem or an amazon problem . It does not seem to be a consumer it does not seem to be an amazon problem, really. If we look at retail results from the Third Quarter, yearoveryear growth in north america accelerated to 28 if you exclude whole foods. Thats the highest weve seen since the Third Quarter 2017, in two years. Retail results, Online Store Sales group 22 versus 16 in the second quarter, a sixpoint acceleration. Retail generally is great and we think it is likely because of the oneday prime impact on amazons top line. Taylor you heard the talk about that investment or sameday delivery. How long do you let that investment go on, assuming they will gain market share, at the expense of profit, or do you start to get nervous about all those investments in sameday delivery . Im not nervous at all. I think these are really smart, sound investments that you will take a hit for a few quarters, but it will really pay profound longterm dividends. You saw them referenced it in q2 as a growth driver. You have seen that extended into q3 now, and it is positioning them well for q4. I want to focus on q4 for moment. I think the Consumer Spending environment has been pretty strong. Amazon is actually positioned to gain market share in large part because of the next day rollout. It is a wonky q4. We have a shortened Holiday Season. I dont think people are paying enough attention to the fact that we shrink from a 32day season last year between thanksgiving and christmas to a 26day season. That squeezes spending when they start so late. Everyone is going to feel that amazon is going to feel that and everyone else will feel it, but i think amazon on a relative basis will do better than everyone else. Taylor im showing a terminal chart for our audience which shows amazon in the last year on a normalized basis has been underperforming the broader retail index. Is that a regulatory overhang or something much more specific that people are not buying the stock right now . There could be three reasons. One is the regulatory you called amazont antitrust issue is facing, starting in europe. The second is also operating margin. The guidance for q4 operating margins was over 250 paces basis points likely due to the oneday prime impact on the investments they are making not only in north america, but they will expand internationally. That is also a little bit of an overhang, and the third is aws growth, which is decelerating, and where can that grow as amazon, which is by far the largest player right now, continues to partner more with large enterprise clients. Taylor your take . Valuation attractive here . I dont see the longterm concerns outside of aws. I think there definitely is potential. One other bright spot i really want to focus on is the advertising business. That is becoming more and more important and like aws is extremely highmargin. Fromrio accelerated back the 30 growth rate up to 44 , i believe, this quarter, and i think there is a lot of runway ahead of that business, so that is tightly linked to what is happening in commerce. I think those businesses have a lot of momentum right now that can drive the business going or what as long as aws does not become an increasing drag. Taylor you heard it here first, the potential to buy the dip on amazon. Thank you both for joining. Thanks for having. Taylor coming up, twitters massive miss. Shares plunge as socalled product issues way on the performance of its advertising business. Twitterssation with cfo next. This is bloomberg. Of tesla surged to close at the highest since 2018 on thursday after the Company Posted a surprise profit for the Third Quarter. That led analysts at nomura analysts target at nomura to raise the price target. Microsoft rallied thursday after First Quarter results topped estimates and boosted analyst confidence. A. B. Amo analyst raised the price target, saying the results support the view that microsoft is a core holding that has both defensive and offensive attributes. Bernstein initiated pellets on within outperform and a 29 price ticket bernstein peleton citing meaningful opportunities for growth in equipment and subscription revenue. Down byshares closed the most in five years after reporting Quarterly Results that fell short of wall street estimates. The company says privacy issues involving its advertising business will continue to have an impact on performance, but daily active users rose 4 from the previous quarter. I spoke to twitters cfo, who explained the unexpected miss. By saying start advertiser sentiment continues to be strong, but we did see more seasonality than we expected in july and august and had a couple of productrelated issues where some settings did not work as expected. That impacted us by about three or more points in q3, and we expect it to have four or more points of impact in q4. Taylor fixing those settings is good for the consumer. How will that impact your financials perhaps even more into 2020. We are working hard to remediate these things, which first means communicating clearly so people understand when something did not go the way we expected it to, to the people who are affected, to our other stakeholders. There were tweets about this stuff during the course of the quarter. Second is to make the setting work the way we had expected it to. And we work with partners think internally about the best way to make sure that we are getting people as good an experience as possible on twitter, which means the tweets they see, the ads they see, that we are respecting the settings, but finding a way to give them a good experience. An example would be weve got measurement partners who help advertisers understand the success of their campaign. We are working hard to get them better data that respect the User Settings but also understand if their campaign is working as they thought. Taylor a lot of people said this was a little bit of the first time you had broken some trust with customers and this was an opportunity to talk with regulators about data privacy. Have you been in touch with regulators about data privacy and controls over that . We are always in touch with regulators all over the world. It is important them under it is important to understand their priorities and really important for them to understand what parameters we use to make decisions about what questions we ask people, how we display our policies on the service and how they play out in the product we deliver. When we do that, we find we can come to better conclusions and lay our policies out better and they can understand our business better as well. Taylor no you have fixed privacy controls, what do you tell advertisers about why they should come back to the platform and how they can measure the metrics of how they are impacting the consumer . Advertisers never really left the platform. We had 700 Million Dollars of ad revenue in the Third Quarter. We actually had doubledigit Revenue Growth in the month of september showing that what we saw in july and august really was seasonal, but we explained to them what happened. We talk to them about what we are doing to remediate, and we help them understand the use cases we think twitter is best for for advertisers, which is if you want to launch a new product or service, twitter is the place to do it. If you are warner bros. And you are launching the joker, and you show the trailer all over the internet, it ends up being seen more on twitter and the first hour than anywhere else and sometimes by twice as much. If you are going to connect with what is happening, if its the womens world cup, the beginning of the College Football season, for any other big event where people are learning about it and talking about it on twitter, this is the place for advertisers to be. Those messages have really resonated with advertisers. They continue to resonate in the Third Quarter as well. Taylor you talked about monetizing a daily active users, and that was a bright spot. It was called a positive sign of ongoing product improvement. Some of those product improvements are like topics and interests. Do we expect that to move out of the testing phase and be more fully rolled out . Some of it has been fully rolled out already. Others will roll out over time. We could spend years improving how people see topics and events they care about most on twitter. As they go through onboarding, it is making sure we surface the right accounts and topics that get them into a timeline quickly that is really relevant to them and where they are and what brought them to twitter. Two is in the home timeline itself, surfacing topics and events they care about over time. Three, in the notifications provide them, theres more work for us to do. I just got a notification a couple of days ago and my production version of the app that many other people use as well asking if i wanted to follow the warriors. Not the account, the warriors, but the topic. Over time, more and more people ought to have the opportunity to cover topics on twitter as well. Taylor as we approach the twitter the 2020 election, are you updating your privacy policies . We are always think about how to update our policies and how best to enforce them on twitter and update people how they work. In the united states, with think about 20 20, but its always an Election Year on twitter. The election for Prime Minister of canada that happened recently. Voting inn people india. There is always something happening on twitter which gives us the opportunity to do a better job helping people trust the information they see on twitter, helping people feel safe being part of the conversation and really finding what they are looking for. Taylor for more on the reaction totwitters earnings, i want bring in a guest from key marketers. The stock is off about 20 and thursday trading. What is your take on that Topline Revenue miss . Bad day for twitter for sure. All the right things, but i think two things are still pretty concerning to me. One of those is the fact that the ad targeting issues theyve had over the quarter where they had to make some changes, turn off some targeting, is definitely something theyve got to fix, but on the other hand, advertisers really come to these platforms for the ad targeting, betweens a fine line shutting off things or keep offering things that advertisers. Ight expect to get if they dont get them on twitter, they might go somewhere else to get them, so that is one big concern. Another concern i have yeah, go ahead. Taylor then do advertisers stay with twitter given they no longer have that targeted advertising . Thats a very good question. I do think other platforms will start to face more issues about ad targeting. We have seen over the past cforal quarters facebook also referring to headwinds related to targeting. Those have not impacted facebook revenues yet, but we see the targeting drumbeat and the issues related to targeting, the regulators that are looking at privacy are all kind of looking askingof these companies when enough is enough. What twitter is doing i think is admirable. It is definitely taking steps to shut off things that are potentially concerning or damaging, but again, advertisers are going to continue to want that and continue to look for it where they can. Said, twitterou is one of the few companies within tech that has stayed away from antitrust, stayed away from regulators when it came to data privacy. This now brings them the attention of regulators. Yeah. No hit yet, but i would not be surprised if it does start to draw more attention. Certainly, facebook has been in the limelight for months and months if not years on the issue. Regulators will definitely want to look at all platforms for all these issues. Taylor finally, no signs of antitrust when it comes to twitter, am i right . As far as i know, not yet. Taylor thank you for joining me. Some news on the banking front. Citigroup is saying james fraser will be the firms Consumer Banking president. The current Consumer Banking head will leave. Frasers elevation makes her a more likely candidate to succeed the chief executive officer and potentially become the first woman to run one of the largest u. S. Banks. Phil ahead, look whos talking still ahead, look whos talking. Why next year, people might be conversing more with checkbox more than their spouses. Thats next. This is bloomberg. Taylor with billions of people across the globe connected by smartphones, tablets, and more, they need for instantaneous Customer Support is paramount and companies are looking more and more to aipowered chatbox to meet that need. Gartner predict that next year, 85 of all such interactions will occur via chatbox. One Company Looking to leverage ai in that space is teleperformance. It currently works with 59 of the Worlds LargestCompanies Across 170 markets to provide Customer Service experiences. Recently, they entered into a partnership with facebook and nigeria. Joining me from new york is the ceo of teleperformance, daniel julian. Great to have you. Talk to me about your recent partnership with a book and how helping your businesses provide Customer Support to those customers. Thank you very much for having me. Toont know if i am going speak a lot about our recent software in nigeria because it is important for us in the country and it is much more to then to helpsales develop Customer Service in africa. All the is sure is that companies all around the world now want to deliver a much better Customer Service to their customers because the customers have taken the power thanks to the internet and the smartphone. Taylor the idea of chatbox is very interesting. There was a statistic that we would be speaking more with chatbox more than our spouses. Do you see it becoming more of your business . The first time i heard about , i was a little bit depressed because my job is to have an army of Service People helping the consumer, to solve their problem on the day today day to day. That was four or five years ago, and guess what . Our company has never grown more than over the last five years. In fact, what is happening is the world is demanding. It is more demanding every day, so, yes, we need the chatbox to help. Customer experts to better serve customers. Chatbought e the customer is still a human being. Taylor how are you also using ai and your business in content moderation. Typically, ai does and is relevant for 95 of still, ai has difficulty in contextualizing in in understanding, understanding what is part of reality and what is part of a ai is so the role of the to stream, to eliminate i would say maybe 95 of the issues. The problem is that there are 5 of the issues that need to be reviewed by human beings. These human beings can train the ai to do a better job, but it is a race that is never going to end. Taylor critics would say that chatbots and ai are replacing human jobs. How do you respond . That is what i was trying to tell you. We employ more than 300,000 people around the world, and we continue to grow organically around 8 to 10 per year. To deliver aore ai more sophisticated service, but it is much more to assist individuals than to replace individuals. The ai replaces individuals for very simple interactions, and that is a good thing. Plane,mple, you miss a you want to find another plane, you want to know what is the in and aif you enter system, i dont know how its going to finish. Typically, it helps locate information and then to make sure we are going to reassure you and make sure you are going to get your plane. Taylor all about the future of ai, that was daniel julian, the ceo of teleperformance. Thank you. That doesnt for bloomberg technology. Check us out and be sure to follow our global breaking news network at tictoc on twitter. This is bloomberg. From the couldnt be prouders to the wait did we just winners. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Paul welcome to daybreak australia. Im paul allen in sydney. Shery im shery ahn a bloomberg World Headquarters in new york. Sophie and im Sophie Kamaruddin in hong kong. We are counting down to asias major market opens. Paul here are the top stories we are covering in the next hour. Tech shares lead u. S. Stocks higher, but theres no joy for amazon us quarterly profit fell to the first time in more than two years. Pence sendsnt mike a message of support to protesters in hong kong, saying