Selloff on monday withff that big selloff. E is a big dip buyers for what at least appeared to some to be a bargain. By the time we got to today, here was a general sense here that the economic downdurn that were headed for, a lot of folks are basically assuming that that prolonged. Be more than just a quarter. On through most of the year. I want to point out at the close of trading today in new york, we shot of the New York Stock Exchange where we normally see people ringing the bell. Its generally a celebrate other of environment. It was a somber sort of mood. We know that the nyse is going those four operations after today. It will only be electronic trading when we come back on monday, and it really kind of here, emily, that the long haul ight now. We have about 7 billion or shaerz of equity shares that will swap hands on a regular basis. Over the past 20 days weve had 10 billion shares on each day. Today we were above 18 billion. Keep in mind the record is Something Like 19. 7. Basically about 20 billion shares. That was back in october of 2008 right at sort of where the crisis was really exploding, and there was all this concern about whether or not governments out there had firepower to really deal with the economic impact. The type of volume that you see reminiscent of that volume that we saw back then. Sense its this general here not just that things are bad, but that a lot of folks are concerned about what the government can do and whether willthe government will do be enough from seeing the worst scenarios . R case victoria, look, were looking at more states down and more disrupted across the country, around the world. Whats your view on just how bad this is going to get . I dont think we know the answer to that right now. People are very uncertain. If theres one thing we know that the markets dont like its uncertainty, and were surrounded by it right now. You would think that the Federal Reserve coming in and other Central Banks around the world stimulus that theyre putting in, all of that monetary stimulus, i mean, they came out today talking about additional mortgagebacked securities theyre going to do. I think they did over 300 week. N in purchases this they announced another 100 billion for next week. You have the administration coming out and talking about student loan friness for a certain period of time and Small Businesses have loans to do payroll, and those will be forgiven if they maintain their payroll. Have all of these things coming from the market, and, 4 , 5 downll have a day. Just because people are so concerned that they dont know going to happen, and until we hit what we consider robably the peak number of cases, i would guess this to continue . Going theyre making choices right now. Day after day the markets going deeper and deeper into the red. That misguided . Think its overdone for sure. If you look at this, people are trying to make comparisons to other times when weve had market downfalls. Think its really hard to do that at this point. Health crisis. A is it started as a health crisis, and its developed into of a financial crisis. Gold was down. Treasuries were downpour. People are trying to sell and panic to get to cash. Were really talking to our clients about to take a step longerterm at outlook, realize what your financial goals are and make that youre diversified and well prepared for this volatility that you can ride through that. Ow, you can use it to your advantage, take a few names that have come down in price that you add to your portfolio. We dont recommend people going 100 to cash and staying there trying to time the market is a very difficult thing to do, and historically it does your favor victoria, well said. You definitely dont want to try to time this market or any other. Wondering, you mentioned the the financial pressures are here that we saw in this market, particularly at the start of this week. There is the concern here, and i heard this from a lot of strategists and investors i talked with, but there was concern that this ends up credit crisis, and that seems to be where the fear is right now. It isnt so much about, oh, down, were are headed for doom. Its this this idea that this trickles down through Real Companies and real businesses that arent able to survive because they were either too have the or they dont cash flow coming in. Do you get any sense that thats were headed . I think youre absolutely right in the sense that we had y issue that earlier this week has developed into a credit issue. Are really concerned about the retail market, the money market. The fed has stepped in to try to alleviate that. You guys mentioned earlier. Alifornia, new york, illinois, all of these places shutting down. Even here in houston the restaurants and businesses down. Ing that leads to concern on these businesses, these corporations able to payng to be their principal and their income on their bonds . Leading to that credit issue. Up. Ve got earnings coming you look at people that are saying were probably going to have an earnings recession. Necessarily a true recession based on gdp, but earnings down the e come expectation for both quarter one and quarter two. So i think the credit issue that people are looking at is a valid market but if the stabilizes and its a step that the fed is doing and that were seeing on Monetary Policy and fiscal policy together, then i can get through this i said, sue once, like the cases start to peak and go on the down side . Just to touch on this quickly basis. Ctor you are down there in houston. Theres obviously a lot of focus on the energy industry. With oil prices coming down as much as they had. Week a 29 drop in nymex. I am just wondering when you look at the structure of the companies, the way that they were lemplged and where oil prices are and the idea that on with oil prices to a certain extent divorced from the coronavirus crisis, obviously a staredown between saudi arabia and russia. Do you think that there are industries, certain sect ors like this that may be more vulnerable than others . Well, were seeing if you sectors and how theyre performing in the markets, obviously energy and financials are two of the ectors that have been hit the hardest. When we look at energy, as you extremely they are leveraged, and you need to be very particular when you are looking at the names that you hold within the energy sector. Really Pay Attention to those sheets. Thats going to be across the board. Look at companies that have sheets, strong cash flows, that have enough kind of arrows in their quiver, in order to make it through. Thats going to be regardless of what sector. Have ergy and financials taken a big hit your views, what are on tech . Obviously, youve got amazon and in a Different League than facebook and google that depends on the ad industry. Hen theres apple which has this Global Supply chain and is also sort of a measure of general consumer sentiment. How do you break that down . Well, were looking at these names. Ts funny that you mention those particular names. Weve actually added to those positions in our large cap last week or the week and a half. These names have come down extremely low in their pricing a ative to where they were couple of months ago. Were actually taking advantage add some of these tech names that we think when you look at 5g, when you look at new way of people working after this coronavirus go through, more people working at home. You know, service now is a name to our portfolio. Things that are cloudbased like that. Look for opportunities in these names. Yes, everything is volatile right now, but these are names that will do better going along with the apples and the amazons. Well, were going to cfo of zoom video to talk more about that. Well as so much as bloomberg coming up, were going to talk about the flurry of activity in washington as the Senate Pushes to expand its coronavirus economic rescue plan. More on that coming up. This is bloomberg. S Steven Mnuchin wants to push payments to americans. For manager on whats happening in washington right now, whats week, i so far this want to bring in bloombergs edgerton. Walk us through what congress did this week and what they are planning to do this bill that theyre talking about right now, they were estimating will cost more than 1 trillion. Phase at were calling three. The first phase was a supplemental appropriations bill that was worth about 8 billion they passed last week and President Trump signed into law. House bill that was more focused on things like paid sick leave, you know, free testing, expanded medicaid options for low income families. Two. Was phase this will be phase three. Its going to be massive. 1 ill be more than trillion. Right now we saw the republican proposal yesterday now were having democrats and the white house weigh in and adding things on top of that should be hink as well in the bill tonbout whether she dumps a of stock as a result of special coronavirus briefings for january. Back in she was just on bloomberg defending this. Ets take a quick listen to what she had to say i have no involvement with the investment activities onducted by third party advisors. I made that decision before coming into the senate. In fact, i made that decision in sector where i worked in the Investment Management business and many of know that thisll strict rule under the s. E. C. Insider things like tradering trading, trading on nonpublic information. Im the only cfa in the senate. Required ctly what is under the law also ator richard burr under scrutiny for selling stock in february. This as, you know, anna, were americans getting a few hundred, maybe 1,000 dollars from the government. To us about what this is kicking up in washington . Yeah, the question is, you did they do anything illegal and then also how does it look . Verynow, kelly lawfler was clear she didnt do anything illegal. She said she doesnt even talk to those advisors. Staff member in her family that is the gobetween advisors. R and her she said that she absolutely did not do anything illegal. Look bad. T does especially at this time when americans are worried about terms hysical safety in of health and also kind of Economic Security in terms of investment wn accounts look like and what their retirement accounts look like. Not a or richard burr, good look. When you are talking about selling as much as 1. 6 million in a matter of weeks before this big market crash that weve seen over the just not eeks, thats a good look even if he didnt do anything illegal . Certainly not what americans as they are losing jobs. Anna, thank you so much for that update. Meantime, i want to update everyone on tesla. Tesla production as well as teslas intention to start as a cturing ventilators coronavirus outbreak continues to expand across the u. S. And around the world. In bloombergs ed ludlow who has been tweeting today with elan musk. Tell us a little bit about what musk is saying now about ventilator plan. Is musk said that tesla working on ventilators. He said we are working on ventilators. Up in a separate tweet later on that spaceex is also working on ventilators. Taking from his first tweet that he originally meant tesla, and i asked him in a tweet, you know, whether this idea that he based ke ventilateors is on the idea that tesla and pacex have limited expertise and experience in building air filter products. Model x, in the tesla this h epafilter, high tesla ncy filter that says is 100 times better than an a filter, but its not ventilator. They worked with nasa to do a system that includes air filters pumps for crew dragon. It will take human beings up the International Space station. I asked him, but all we have is elans word on twitter. Evidence from ny tesla or from spaceex directly ventilator research or production is actually happening, and thats why i eached out to him on twitter right. Ed, i just want to quote his tweet to you. Es, were working on ventilators even though i think they probably wont be needed. He has been out there on twitter downplaying the seriousness of this pandemic, and, you know, seems to be an arm chair epidemiologist these days, but i want to emphasize that necessarily snt know better than the medical the coronavirus curve will look like or not, right . More than eiterated once that even though he says tesla and spacex are working on reiterates that he doesnt see a need for them, stems from of this is policymakers. Today you had President Trump alking about the need for ventilators and Governor Cuomo talking about the need for ventilators, the ceos of companies in europe and here in the United States are talking bout the fact that theyre not able to keep up with demand for ventilators. Lan musk said he is skeptical that theyll need to make ventilators. He said theyll only do it if shortage, which is kind of contradicting messages, were ain, elan musk, reporting on his tweets, but he says that he expects no cases of new cases by the end of april, but elan musk, t the end of the day, is not presenting any evidence or any action on his part. We have to go on are the tweets. When i contact tesla and spaceex about whether theyre not producing cars and it will ow produce ventilators, were not getting any response right. Just a reminder, elan musk is not a doctor. Bloombergs ed ludlow, thank you so much. Coming up, we are going to talk one of the ideo, companies that is keeping us all connected in the midst of the tatewide shelter in place orders. Were going to speak to the cfo of zoom video coming up. This is bloomberg. To bring in kelly. Thank you very much for joining us. Give us an idea of just how much seeing. Ivity youre i had my mom today asking me to zoom. Kind o us about just what of growth youve seen in the last week really amazing time time. Weve provided free service in k schools everywhere. Then theres other heartwarming aspects of this as well. New york having is and also, we heard today about a bride and groom bringing up zoom. Of opportunities around the globe for zoom to be helping. Were happy and grateful to be n this unique position to help people stay connected in this environment can you give me numbers . Estimates, outside zoom downloads doubled last week. Anything new for this week as ere seeing not just businesses, but as you say, schools and consumers, people at use it . Rting to we are not disclosing exactly but i can tell you that we have provided zoom to over 25,000k through 12 globe, so und the very happy to enable them while home, all learning from and were doing everything we can to make sure that anybody lse that has a need for for om, that were here them. How much of a struggle is it to keep up with the demand, the band width . We hear the stories about lines the ng dropped because of sheer volume of people on the service. We have centers around the globe, and these centers have been built to operate at 60 of peak capacity. Average capacity, but peak capacity, and in order to to be situated for situations like this. If one of them is having a surge in traffic, it can share the load around the globe, around centers. 18 data so what that has enabled us to do is to proactively be able to demand and watch the raffic as its coming and supports even the increased usage that weve been seeing . Uptick in seeing an conversion from pre to paid time . During this its really early to see and to say at this point in time. As you probably heard, listed the 40minute limit of our free product in many weeks ago. We want to insure that anybody that has a need for the product can get it. An opportunity for people that havent used it before you said your mom is an example of this to get to experience it. Know, we live on zoom every single day, of course, in our other companies other companies, organizations, even individuals are seeing new pportunities for using it, and we hope that they continue to embrace it even after we go back sense of normalcy. This can become a way that people communicate. E really believe that video is the future of communications, and this is an opportunity for others to experience it the way every day around the globe and, quickly, you talked china were ctors in using this to communicate with patients. Are you seeing any uptick in the health oom in the u. S. Care sector or in europe between patients . Nd we certainly have seen. Weve also seen ab uptick in well. Care as it provides a safe way for continue to communicate with patients and or ther Health Care Providers around the globe doing it the way im communicating with you safe y home or other environments without putting themselves at risk right. All right. Kelly, cfo of zoom video, thank you so much for joining us helping humans around the world stay connected during this time. Coming up, were going to be amazon. About an update on deliveries, prime jeff bezos mites be calling President Trump. This is bloomberg. Prump pr welcome back to bloomberg ebbing technology. Spencer, 0 million tell us more about this investment. Spencer yeah, so theyre basically opening it up to Research Institutions that are to create rapid tests and athome tests for the virus. Very early, but its data th its vast pplications will be helping in any way it can. During the white house presser pandemic, a virus reporter asked about jeff bezos President Trump. Do we know why jeff bezos is to reach President Trump . No. Imagine, you know, people can of a lot of things. By best guess would be that amazon wants to be seen in this indispensable service right now. As a lifeline to especially vulnerable that have to quarantine and basically the general public that is and amazon will not as theyret supplies needed. Amazon definitely has some obbying going on to remain in pandemic through this the factory was temporarily shut down yesterday. Update. An is that back up and running to speed as usual . Havent seen any indication that its back up to speed. Lot of it is these windows so you can schedule a delivery within a twohour window, but wait days having to to schedule those windows as people continue to, you know, go essentials that they need. Switched to prioritize just essential like Household Goods and pet food and groceries, that of what hing, in terms its accepting in warehouses from other sellers. It looks like these kind of going to continue to happen sometime. Emily lets get an update on workers . Senator Elizabeth Warren has been raising alarm bells about walmart workers are being treated. Whats the latest in terms of investigations into whats happening at the warehouses, deliveryppening in the truck . So there will be an event shortly where some workers are discuss their concerns, workers at walmart and amazon basically just emphasizing that they need supplies to stay need and they also protections, like sick leave and that sort of thing in the event that they are out of work. What theyll be lobbying for. Walmart and amazon, most are, you know, putting out messaging and doing can, but as we look closer and speak to workers, you this e are certain thing has been so fastpaced and definitely gaps. There is one instance where we interviewed delivery drivers in said rnia for amazon who that they got a single wipe to wipe down their van one morning at the start of their shift, and they thought it was a joke, and then realized it wasnt and had how to bestrategize use this individual wipe. Also seeing amazon mployees in whole foods and a delivery facility in new york having confirmed cases of the virus, and so theres just a lot about what is a priority. Is it about protecting us and sick, ors from getting is it about continuing to sell goods . Mily you have also been on the phone talking to sellers, and we really havent talked much about them. Weve talked a lot about lot about the consumers receiving their goods, in how are sellers fairing all of this . Well, its really going to category. The i spoke to one seller today who is doing quite well, sells toys parents , and a lot of are shopping for those kind of things to keep their kids or even keep themselves occupied as theyre since everybody is couped up at home. Ther folks having a tougher time depending on the category. Jewelry ke fashion and and those sort of thing that mind just are not top of right now. Its also going to be difficult amazonntories run low if doesnt open up its facilities nonessential goods because so many sellers rely on amazon if amazonor them, and is dedicating all of its delivery capacity and Warehouse Space for essential goods, that inventory out of pipeline. All right. Spencer, thank you so much for all of that detail and insight there. Talk a little bit more about amazon with Michael Pacter web bush securities. Michael, curious for your view on amazon, because obviously its a measure of consumer and if theres a giant economic down turn as were seeing already that for amazon. Well that said, it is the source of essential items. It. Le depend on how does that translate to a stock perspective . Think spencer is right that ezos was probably reaching out to the president to see how amazon could be helpful. Know, ere seeing you when you have an economic down turn, normally its just has been a little bit left, so we have a 2 or 3 decline in gdp. 2 or 3 less. In this particular downturn, its probably going to be deeper 2 or 3 , and its targeted. Its travel. Nobody is traveling. We have no tourism. Hotels and airlines and cruise lines are gone. Theyre not going to have i in revenue. Is closing. Inrestaurant dining is closing. Y guess is thats 10 , maybe 20 of the economy. Dont know how deep the recession is, but where are those dollars going . Were not stopping eating. Grocerysee lines at the store and amazons inability to deliver, which means that theyre picking up share from thats losing shares. In particular, i think amazon really, really driving. My would i yas is, sure, people jobs are going to buy less, and that is unfortunate, and thats going to but, you know, the people who are largely Small Business owners and their workers. Its restaurant workers, you know. Going to chers are keep getting paid. Theyre not going to class, though. Those people are going to continue to consume. My bias is amazon gets hit a lot severely than everybody else, and i think that these war about, you know, taking we have tried to do grocery. Our first delivery date was june 11th. Three months out. He idea that you cant get anything on amazon coupled with hiring 100,000 additional that demand for Amazon Services are going up. They actually benefit from this pandemic, which i dont think thats their intention, but as spencer pointed out, only handling essential goods, their centers are packed to bursting, and they cant sell everything. Again, yeah, i think that the cant getparty vendor his toys run through the warehouse because theyre busy groceries tock with and essentials. Bad for od and everybody else. Emi emily ive got kids at home. Been trying to buy books, a white board and school supplies, nd i havent been able to get those things, and certainly doesnt compare to things like sanitizer and toilet paper, but you can just imagine the backlog that this is creating amazon. What about some of the other names, michael, that you cover . Example, which ill admit, ive also used a few times this week just to get hrough the day i mean, clearly, the investor netflix is a that huge beneficiary, and i think that they are. Im not sure that it means their is worth more, but theres two things were going to do no matter what. Going to eat, and were going to entertain ourselves. Shifted earlier, we Food Consumption from restaurants eating out into the home. Shifting entertainment consumption from going to movie theaters or sporting events or watching, you know, events at home. Theres fewer sports on theyve all cause been canceled, so were going to onsume either a lot more bachelorette or a lot more netflix. They thrive in this kind of environment. So do video game publishers. Tolerant of ore them spending time playing games. So are women over 50 playing crush. Ndy thats great for active vision that brand. I think pockets of entertainment immensely. O benefit disney plus is killing it, but he theme parks are closed, so disney is not doing great, and the movie studios arent selling tickets. To invest in. One activision, Electronic Arts take to invest in. Netflix, like i said, i dont know that they get more subscribers. I do think theres more engaejment, but i think theyve already saturated the domestic market, so unlikely that theyre getting a lot more subscribers from staying home. Emily this is an interesting story. After a direct conversation etween netflix ceo Reid Hastings and the European Union ommissioner, netflix has reduced the streaming quality in because n particular, the networks there have been so overwhelmed with people working trying to with people watch television, trying to watch netflix. Etflix has reduced the streaming quality there. Could that have a negative impact on the company . It. Doubt you know, youtube did the same thing. Think that consumers absolutely understand if the signal starts to buffer, its sucks. T netflix you know, its the internet providers are being overwhelmed consumption, and i think that all of us who were at home doing normally wouldnt be doing because were normally modest we tolerate the interruptions. No, i dont think so. Emily thank you so much, michael. Always, for joining us. What is happening now that the problem is moving to southeast asia, the u. S. , and europe. Thats next. This is bloomberg. Grossry and retail shelves may be empty, but will to restock as the coronavirus pandemic continues to strain the supply chain . Want to bring in the chief economist of flexport, phil levy. Lexport connects more than 10,000 customers with more than 00 suppliers suppliers across more than 100 countries around the world. Phil, first of all, give us a iew on whats happening in the Global Supply chain right now, because this is no longer or no issue or no china longer a china issue at all. As the outbreak moves into and europe and the United States. Here are you seeing the backlog . Youre exactly right. It started out very much as a hina concern, and then it spread beyond that. I think one of the things where ere seeing stuff most acutely is that air freight is getting severely constricted. What people may or may not know great deal of air belly ofraveled in the passenger debt. When cut off the travel of countries, you lose that capacity. Straight is still moving reasonably well. Emily what about air . We know the airlines are can be a , and that backup when other supply chains seize up . Very,h, it turns out its very difficult and expensive to onvert passenger planes to cargo planes, so and with 50 the capacity of the with eight capacity going those passenger planes, when people dont want to fly or when heyre not allowed to fly, as weve seen increasing number of travel restrictions, then those flights go away, and you dont have that capacity. Twkly acute problem now because often when you have had chain interruptions, goods that might have been sent by other slower routes, people to air as a way to quickly. H inventories its a time when people are more interested in using air, and its harder to come by. Go up. Eeing prices emily meantime, President Trump saying earlier today that border is being closed to nonessential travel. The same thing is happening on where,. Canada border does that impact the supply chain . I think theyve been cautious and careful to exclude trade. To the extent that goods are by train or by truck, they shouldnt have as much difficulty with that. Will also be some air shipments that will encounter ifficulties as the number of flights are reduced. Friends and l have family that are running to the grocery store, theyre stocking up, they are filling their pantries. That . D they be doing i mean, do we have a real concern that we are not going to that weto get the goods need in this country and depend every day . Yeah. Well, its certainly an understandable impulse. All indications are that there is enough toilet paper being produced. For the ry hard thing supply chains when demand all of a sudden skyrockets and they meet this all at once, so i think those are the trends seeing. Een there havent been any indications as of yet that broken re fundamentally there, and it does look like goods are available. Its a matter of how quickly can be restocked. Emily all right. Economist phil levy there on the Global Supply chain. Getting , we are breaking news out of new york now. Of course, earlier today Governor Cuomo ordered that all across the workers state stay home. Now were getting some new information. The governor has been speaking cnn saying that the state has nly half as many beds as they need to support other rising number of cases in new york state. Ew york state now has more cases than any other state of the coronavirus, and new york also, the cases there rising as well. Mayor bill de blasio has been speaking. Says new york city now has cases of irmed covid19. E is calling new york the epicenter of the crisis, and that number, more than 5,000 alone, new york city actually about half across the entire country. Ere going to continue to monitor that situation and monitor what the mayor of new york city is saying. Up, were going to be talking more about the impact down turn in the coronavirus is having on the economy and the tech economy in particular. This is bloomberg. Emily breaking news. De blasio in new york city continuing to speak about just how the coronavirus outbreak is playing out in the saying that new york now has half new york city has half of all cases across the and more than well continue to listen into what the mayor has to say. Bach about want to how the outbreak is impacting the tech economy and silicon and bring in jeff richards, managing partner at firm pital, which is a that has a broad portfolio cross not just the u. S. , but also china. Jeff, thank you so much for joining us. Early investors in albauba, for example. You also have back slack, air bnb, companies that, you know, are really interesting as this outbreak continues to spread. Did you learn from the coronavirus outbreak in china and how did it impact your what kind here, and of lessons can you bring from that to some of the companies that you have here in the United States . Yeah. Its a great question, emily, and there is a lot to learn as have reported. Ys china has dealt with this in a pretty effective manner, and for it looks like their economy will start to rebound in q2. That we saw hings in china and japan and singapore and korea. Some of the other asiaen were hit hard by this before we were. Number one, the impact is pretty severe. We have been coaching our companies in the u. S. For you for several weeks to take this to expect a pretty significant economic impact. For example, on the enterprise side, we coached our company to expect up to an 80 drop in q2, which sounds significant, but when you factor in the whied that everybody will be working for home for several now, its just hard to get business done, and so that was one of the early things. Prepare to work from home. We knew this would be a big u. S. Work forces and the Tech Companies in particular are wellequipped to work from that but we got to make transition. The good news is folks who have been using slack, theyve been theyve been on the various, you know, work from Home Technology now for five years, with teams around the world, and so for a lot of slight anies this was a shift. Not a huge shift to going to work from home. Third one is preserve cash. When the market tightens up, and a crisis in america, cash becomes important. A lot of our companies are wellcapitalized. 12, 18, 24 months of runway, and were thrilled with that. Market comes c back and pulls down, you have an Immediate Impact on the private arket, and were certainly going to see that. Emily not only are folks theyre rom home, but having to work through this very critical time trying to decide, you know, can they keep hiring . They have layoffs . Will they survive . Do you even begin to coach some of your ceos and on how to deal with this . Theyre not this is not just a Public Health crisis but also death ofly the life or their company its hard. Hard. Really its very personal. Ive done probably 30 calls with eos and founders over the last ten days, and the one thing that really hits home for all of us, i think, is very personal. We all have families and kids and extended families that were concerned about, and theres a certain amount of fear and doubt that creeps into your mind as a consumer and as a resident in states, but as a ceo, theres an especially challenging situation because ouve got to sort of compartmentalize that and turn around and lead. Ou have to put action plans in place, put leadership plans in place, reconstruct your financial models for the year, survival, fix on getting through this really difficult period, and then also, day, g into work every which oftentimes means going from your kitchen from your to ng room and saying hello your children and then starting the day full of confidence. You have to be in charge. Have to have your teams responding to you. One of the things that were up the s people really level of communication. A lot of were seeing people hours where ppy theyre getting people around the world to get together. Virtual lunches. Costume contests. The number one rule of thumb is as a ceo, be a leader, be confident. Ncrease the amount of communication. Its hard. I understand that have you some drops to add humor into your meetings. What do you got there . Out. Res me at in n i cruise down to the in n out. I am at the gondola when i want o feel like im in my happy place, and then coachella down in palm desert, and its unfortunately, canceled, so i something to remind me. Will leave it e there. Thank you for sharing that with us. Capital. Ards of ggb thanks for joining us on bloomberg technology. Ng us on bloomberg technology. When you move homes, you move more than just yourself. Thats why xfinity has made taking your internet and tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. 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