Abigail doolittle who has been over this story. Nasdaq another record high today. What are you hearing about sort of the strength that we saw into end of todays session . Its pretty amazing. We have another record high for nasdaq. Nasdaq 100, big tech stocks continuing to do well. Those are the stayathome stocks this years defense. Theres an odd tension that you have this years defense and new hitting record high after record high. Interesting,t earlier today, you had tech slightly lower. Bulle end of the day really rushed through supporting technology. Investors looking past virus numbers. Its not going to slow the that it hadhe way on the shutdown. Back in february when the virus was raging in china, that down, stocks here ignoring it. It feels we are ignoring some of fundamental data. Take a look at the moves that we have on the day. Wasnt just tech. Tech actually on the day a sector. Ower as financials up 3. 5 . Bit of a nice cyclical tilt s p 500 beings s p helped out by bond falling. The dayisk on end of with yields rising. To the point of tech stocks Consumer Discretionary and Services Communication services, the week, we did have upweek for stocks. That, netflix up 15 , today rising about 8 . Raised Goldman Sachs their price target to a street share there. Per theyre expecting their 2nd adding to be blowout 12. 5 million subscribers on content. Stayathome theme. Lot of eggs in this basket and startsg earning season next week with the big banks and pepsico. Pushing forward as you look that, you mentioned netflix, bigger gainers looks similar to the nasdaq 100. What continues to push higher some of the big tech things here. Concerns could be oversold at this point . One concern as we have a big divergence on the year, lot of people are talking about. Nasdaq 100, the record highs up about 24 on the year. Down slightly, down about 2 . Is s p 500 sharply equal. You look at the s p 500 without influence, we have that almost in correction territory. It is in correction territory on year. That could be a real issue, really speaks to the story of haves and have nots. You have to hope that have nots improve their fundamental picture. Otherwise, it could really weigh on the markets overall. Point of the nasdaq 100, talking about putting all eggs thene basket, this is percentage performers relative nasdaq 100. Tesla up about 300 year to date. Not quite. To see how thats stayathome stock. Huge momentum there there. Not lot of diversification there. Thank you, always there doolittle. Bigail we will stay on tesla. Elon musk passed Warren Buffett on the billionaire ranking. Massiven part to the run up in the shares of tesla. Saying that it sent its delete tictoc email in air . Resort reported some employees have received an from amazon requesting they delete tictoc from their devices. Amazon said that email was sent in error. Planned. St as if we we have a man here whos been covering amazon. All thesefacebook and big tech stocks that is with Michael Lavine of pivotal research. Have you on the program here. You can ont if amazon. You dont cover tiktok. Feels likeof something that wouldnt exactly be party line. Given the general red risk coming out of the trump administration, it wouldnt surprise me for them to come down and lower the boom on tiktok. Theres lot of mistrust at this point. Bringing in new knowrship from disney, i they are talking about wanting to move away. We do definitely doing lot of tiktok. Und potentialived being a thread time spent for youtube, for instagram and occasionally snapchat. I definitely understand the can make. Government im glad youre keeping me honest here when im reading too much. I want to talk about amazon. To abigail, talking index. Si how are you thinking about amazon generally in this environment. Perhaps thee room company has to grow as they just dominant . E and more we had a piece out earlier in the week talking about retailing into thee and digging pivotal advertising insight panel. The majority of folks thought, this is continued to even as company reopen, theres an question mark of, we were 12 ecommerce epenetration in the states during covid jumped up to 25. Where do we land. Does it go back to 12, does it stay at 25. Likely somewhere in between. The important part to your question is, i think we plateaued at much higher rate the virus. I think the interesting thing been given is, they this shock test, given levels of demand. See them comell out profound lead versus any regards to logistics. This is anything more solidified most for the business. Michael, how are you thinking context . Ebook in this not only with the strength that you really highlighted in then news today that they are thinking just to get out of the controversy of pulling all the political ads. We know that political ads arent huge part of their revenue. Could that be a probe for the get outjust to entirely . Could. Ink it its one of these things where terms ofertisers in who will be in position to facebook. Were probably talking about 5 to 7 percent of their annualized revenue baseline. I think youre risking becoming lightning rod. Which what happened and driven place. This i know Mark Zuckerberg said this is less. Its. 5 of their annualized revenue. Im like, just dont deal with it. Its really north the worth the distraction. What are some of those other things that the company . Youve been talking about lot about facebook shop and some commerce. Thats been one of our really themes. It would really first turned our heads was when google basically announced, this is really under new leadership at google, the product listing ads incorporated within the shopping tab. It was followed by facebook aa 180,ally i wouldnt 90degreea healthy turn. We trying to go it alone and went ahead and made a pivot. Were not going to be able to entire thing. Weve been framing for it, with at thiss were looking Inflection Point that covid forefrontught to the of the retailization prioritization of commerce in retail ads. See more ads that are going to have actual commerce embedded within them. Facebook is absolutely enormous. I say, even if you dont see there being successful as a like im not as convinced that happened. If you actually have this happen by the adf adoption base, i think its a huge upside for the business. Michael lavine, thank you for anding about this trend taking on some of the daily news of the day. Thank you. Us, coming up rooftop solarest companies has become bigger. Well hear all of the details from sun run cfo all of that coming up next. Sunrun is set to become in solarerican rooftop market. This is about 1. 5 billion of rival. Both companies provide about 75 leasesresidential solar each quarter here in the u. S. To discuss what this deal means and the solar energy sector, were joined by tom vonreichbauer. Great to have you on the program. Talk to me about what this deal means to you in terms of size and scope and scale to get you want to be . Great to be here. Mission it is create a run by the sun. Run affordable, more reliable power. This transaction gets you a new where we cane reach more customers and solve really important problem. Customers want more choice than energy consumption. Electricityasing prices and they spend more time at home. More demand for the product. Its the right moment to bring together. Ies theres been some concern as solar raceheres a going on with tesla as well. They have been in this game as well. They purchased solarcity back in 2016. How do you feel your position relative to some of the competitors in this space . Were really excited about where this transaction sets up of scale. New level 500,000 customers operating in nearly 9000th employees. We think the combination helps us to deliver on efficiency and bring more products and Affordable Solutions to customers. Have lot of respect for tesla and highly respected company to make one of the best home market. S in the were proud to offer to our customers. We think competition is good. Industry with more than 5000 Companies Across the country with more than a 1000 in alone. Te of california theres lot of opportunity for many people to participate in this. Tom, its interesting. Since the market bottomed out on were upd, your shares 200 . Before the deal was announced than 100 . More which is only up about 40 or so. Gains yous if the made since the bottoming out on march 23rd, how much of that demanddo with increased that youre seeing in this covid area . Were all working from home. Have more special attention to our home environment. Perhaps wanting to improve the value of our homes since were spending lot of time here. Seeing increased demand as more and more people are home . Ng more time at were definitely seeing some benefits from that. Lastepartment of energy week said electric bills will be. P 25 on average this year significant number of actions in toe march to position us move through this prolong crises quite well. We move to virtual selling model selling over the video and phone. We deploy drones for preconstruction to customer homes. We have best practices for employer and customer safety. Worth noting, residential solar and home battery installation has been essential service in most of the country. That speaks to the pressing need modern energy grid and investments were critical. Weve been able to weather well. H that quite were seeing places open back up and thats been helpful as we forward. We came into the situation very well positioned. Sunrun team has run an amazing years. S over the 12 plus how does a potential biden win in november change the game for you whether its subsidies that come back to help boost the business . How are you thinking about your business come november and new congress that come in play here . Great thing about this, the need to bring a modern Energy Infrastructure and more Energy Consumer is both sides of the aisle im excited about. Theres been proposals from both parties around extending tax credit and the like. Welcome some of those extensions. Theres been great benefits for terms of jobin creation more than 250,000 residential solar in the u. S. Today. One of the Fastest Growing job sectors. Anreally think that this is nonpartisan issue and one that most of america is excited about. Tom, if the acquisition goes through, youll have significant share within the residential space. Talk about future growth area. Talk are conversations to into paneling corporations as perhaps corporations are now themselves we want to be carbon neutral. Role in getting the environmental goal and taking a role in that. Of those future Growth Opportunities . You . Do they look like to couple things i touch on there. Theres more than 5000 companies in this space. Distributedghly industry. Theres a lot of competition to go around. Onlly exciting opportunity the horizon here is our utilities. Work with you can imagine dispatching to ourto the grid and neighbors in ways that help make and reliable. Aner we deployed to number of massachusetts. And newaii, california york. Sunrun cfo tom vonreichbauer, thank you for joining us giving us your perspective. Coming up, wall street gets the ceos are tech getting paid big money. Well discuss all those big paydays. Thats next. You know wall street getting all the flak but then its tech ceos these getting paid all the money. You will find any number of particularly in tech, taking home far more than the bankers ever made. To discuss were joined by meller. G ander we got a headline saying that rocketed past Warren Buffett on the bloomberg index. Aire ranking i guess sort of furthers your point, right . Not a bad day to be elon musk i guess. Youre absolutely right. Its funny how when you listen to lawmakers and even on social media, you see the bashing of bank ceos and Hedge Fund Managers and private equity titans. There are people in many other industries that ive been surpassing them in terms of compensation for years. Stands out in that aspect. Opinion, why arent tech ceos getting the sort of bankers make . I wonder if theres a difference in composition how they are paid. Maybe its through stock and cash and leaving them off the hook a little bit. Yeah. I think its a combination of factors. Ago duringn years the financial crises, the banks role therery central ceos were accused playing with fire. None of the Tech Companies have something toof that effect yet. Would argue that facebook, been quiteebook has impactful on Global Politics over the past few years. Of it has to do with the idea that tech is kind of draws having this ora of startup. Its hip and its cool and its creating new things and people make lot of money and its such. True, many of the companies we see on the list like alphabet, microsoft, intel, are really large mature companies. There worth a lot. Tens of thousands of people. Of ora ofthe benefit startups and risk taking and the money that can come with big wins. Where did female competition if i in this narrative . Among the 100 top paid executives in the u. S. Last are four women. Not many at all. 19thirst one comes on place. Ofs lisa scheu whos the ceo advance microdevices. An overlly representation of men. Theind of mirrors prevalence of women in ceo Jobs Companies in the United States. In between. And far its kind of reflection of what executives look like in corporate america. Anders melin, thank you for bringing us that perspectives. Continues toebook criticism in in controversy over content policy. Have overview of all that next. This is bloomberg. Taylor this is bloomberg technology. Im to the rigs. Taylor riggs. Bloomberg has learned that facebook is considering a ban on its platform on the days leading up to the u. S. November election. We are joined by david theatrick, the autho r of facebook effect. Youve days on this where are on the program and we get news like this in the past few hours about facebook considering taking off political ads altogether. What do you make of that . David thanks. It is good to remember, this is something twitter already did last year. Theink it is in line with way facebook has been acting lately in this sense, if they were to do it. So many of the things they have done in recent months seem to be into nude not to offend engineered not to offend president trump. Yet, they are under this section ordinary pressure from the extraordinary pressure. If they were to ban all political ads, they can say theyre doing something. They can say they are responding to the pressure, but they also could say this is not anything about trump. This is about all politicians. They can sort of get away from the risk that he would single them out and say you are treating me unfairly which they seem to be generally incapable of bearing. I think its not an unreasonable possibility this could really happen. Mentionedvid, you they are following what other social Media Companies like twitter already put in place. Does it make you nervous that you have a company like facebook with 2. 6 billion monthly active users, 1. 7 billion daily active users. Instead of offering leadership, they are taking cues from other social Media Companies, perhaps as a more reactive stance instead of taking on a proactive initiation here . David you said that very well, taylor. It is not exactly they are taking their cues from twitter that concerns me as much as this year fact they are so big. They are just too big for us to really tolerate. That is one of the weird kind of dilemmas that facebook poses to society. Their influence is so vast. It leads to a lot of strange contradictions. I think one of the reasons that zuckerberg has taken such a particular a peculiar set of attitudes against hate speech and political speech inside facebook is that in a sense, he feels he is the government because his company is so much the central platform for political speech in not just the United States but all over the world. He has said he wants regulation. To be honest, until we get regulation, we are going to be in a very uncomfortable, very awkward situation visavis facebook, society and democracy because we have to have rules for the road and the company clearly seems incapable of establishing them for itself. Want to rewind a few weeks and take our viewers back to the boycott really that was launched to stop posting ads on facebook. Now just for the month of july, i believe. Is that enough really to catch peoples attention . David it has caught peoples attention. The fact that 400 large advertisers, and by some counts, as many as 1000 advertisers have basically suspended ads on facebook either for the month of july or indefinitely. And some of them have suspended ads on twitter and youtube as well. I think that has been a very important symbolic and p. R. Issue. I think it has pressured facebook to respond because facebook is a very, very, very imageconscious organization. They are desperate to be seen as doing the right thing. They are desperate to be liked. And even though the boycott, despite the fact that big advertisers Like Unilever or coke have joined the boycott, it is not really going to have a material Financial Impact on them because the revenues are so overwhelmingly coming from small advertisers, local mom and pop stores. But, the pressure has been real. It has led to some real concrete discussions between facebook and the human rights organizations like the naacp and color of change and Antidefamation League that have been organizing the boycott. I think it is a positive thing for progress. Taylor talk to me more about that, because i spoke with the head of the Antidefamation League earlier this week. He and a few other Civil Liberties leaders came out with a meeting with Mark Zuckerberg this week, frankly unimpressed with the way conversations had gone. What real change do you want to see, that you should see enacted by facebook to really address some of the biggest concerns that we are hearing from these organizations . David well, theres a whole range of things that the organizations that have organized the boycott want. If i was to pick one thing, though, and i think this is almost universally agreed to be the one thing they need to change the most, that is the policy they have tenaciously clung to and that zuckerberg has repeatedly defended to allow politi