Nervous and seeking that safety. Now you have the 10 year yield higher. Over the long run, if that continues, that will actually be a headwind. Today you have to take it as a signal investors not wanting havens. , the new yorkand faang complex, the mega cap tech stocks, that is down 1 . That part of the market is still weighing on the s p 500 while you have the financials and the energy and some of the other cyclical sectors doing well. David talk about that faang index. Earlier you said the real story is not the index, it is what is going on with amazon. What is going on with them . Abigail there two day prime event was last week. If you look at the stocks from that event to today, almost in a correction, down nearly 10 from peak to trough. That is not a great sign. The stock is underperforming its peers by about 5 during that same time. If you have a stock coming out of a bullish event into an Earnings Report suggests that hiphop ahead. Hiccup ahead. A the company could be under pressure until we have more certainty there. Certainty and uncertainty seems to be the words. David pretty consistent. The director of National Intelligence surprised us all yesterday by calling it is conference with fbi director Christopher Wray and announcing iran was behind a series of intimidating messages sent to democratic voters in that both iran and russia have gotten access to Voter Registration information. We have confirmed that some Voter Registration information has been obtained by iran and separately by russia. Foreigna can be used by actors to attempt to communicate false information to registered voters. David we welcome an authority on election cybersecurity. Jake brauns executive director of the Cyber Policy Initiative at the university of chicagos Harris School public policy. He is also the author of democracy in danger. Welcome, great to have you with us. Lets take from the title of your book. Did we see danger to democracy and then announcement . There was not a lot of detail. Thingshere was a few that were disconcerting there. , thatis iran doing this means they have stepped up their activity. Iran is tryingf to hurt trump as the administration has set, then why are they telling democrats not to vote . That is concerning. The storiesried in have been reports that dhs has notified Election Officials about holds in their websites and so on. Saysolks i have talked to these are vulnerabilities they have found in election websites. The reason why that is disconcerting is because we know from the Mueller Report and the way russia hacked into the Voter Registration database was through vulnerabilities in the websites. Russia got short shrift in these and it would be interesting to know more about what russia is up to and what is going on with these website vulnerabilities. More you have so much experience than i do. Give me so much give me some sense of the detective operation. There were messages sent to some voter saint do not vote democrat , vote for President Trump or we will come after you. Seems like a primitive form of tampering. Is that something similar to a fingerprint iran would have . Jake this is the big question mark a lot of people have. First of all, you would not need to hack a list of voters to do that. You and i right now could go a list of email addresses from miami, florida, where you will have about 85 of the people you email be what seemand send out to be illicit videos. Iran, itie that back to think the Administration Needs to make more clear. Can you still hear me . Jake braun . I think weve had technical difficulties. The digital gremlins have gone into the system. We have lost jake braun, which is sad. We are trying to sort out what to make of this announcement. That was jake braun, executive director of the university of chicagos Harris School public policy. Well continue the countdown to the president ial election and look at nashville. Our chief correspondent is Kevin Cirilli good he is reporting on the president ial debate which will happen tonight on Bloomberg Television and radio. This is balance of power. David this is balance of power on Bloomberg Television and radio. The second and final president ial debate will be in nashville, tennessee tonight. Kevin cirilli is there to cover it for us. Give us a sense of what is going on in nashville. How are they preparing . Kevin i just left of the jw marriott in downtown nashville where President Trump will host a Small Business roundtable with local Republican Leaders inside nashville, tennessee. Meanwhile he will be accompanied deeplystate senator, a conservative senator Marsha Blackburn from tennessee. In contrast, joe biden has been keeping a private schedule, and also his aides say, preparing in earnest for what they are saying will be a contentious debate. There are some changes stylistically from the first president ial debate. The second was canceled. That most notably is there will be a mute moderator for the a mute button for the moderator to use. Foreign policy developments in the last 24 hours no doubt expected to come up. Chief among them, the press conference from the director of National Intelligence, john ratcliffe, who says iran and russia cyberattack the United States to get Voter Registration information. The Joe Biden Campaign will say the Trump Administration will better protect the Democratic Institution following 2016. In contrast, look for President Trump to try to raise questions about the biden families relationship with ukraine. David i would, on that and do not think i will be disappointed. Looking forward to working with you tonight as we bring the debate to our audience on Bloomberg Television and radio. To take us further into the stage of tonights debate and where it lies in the overall race, we welcome rick davis. Rick, specifically starting with the debate, what is at stake . Is there much at stake . The firstink president ial debate had some impact on the numbers, positively for joe biden. It looks like some of that has come back down close to predebate levels. They do seem to be able to have an impact on voters who are still making up their minds or have not voted. Had 44hen, we have Million People have already cast their ballots. Time is running short for donald trump mount a comeback. I think this is the last major event that that can happen with. David explained the trump strategy and saying he originally wanted to be all about Foreign Policy. He will inject a lot of Foreign Policy. Is that offensive or defensive . Rick a little bit of both. He does not want to talk about covid. That is pretty clear. At a time when the country rates are going significantly higher. Changing the topic is important to him. He has mounted an attack on joe himself,amily and related to dealings with china and ukraine. He sees that as Foreign Policy. It gives him an opening to try to enter in this corruption issue into the debate, which he did very successfully four years ago against hillary clinton. That it does have some upside. There are Foreign Policy successes that donald trump has had in the middle east that he has not had much time or interest in talking about on campaign trail. This is that up well for him if he is able to stick to a message that is something the voters will see as productive. David having been around so any of these debates through the years, what you think Vice President biden learned or should have learned from that first debate . Rick not to engage donald trump. Donald trump is his own worst enemy. Even though they will control the mics on the first set of two minute questioning, it will still have a freefall for every 10 minutes of followup. I think what joe biden has learned from the first debate is not to engage, not to be angry, and not to come off of his script. He did a good job when he had a solo effort on the townhall last week. Stuck to policy and was able to make his points. I think the trick for joe biden is staying out of the wraps of donald trump. David when you talk about President Trump needing to stick to his message, what do you think that message is . Even today he has released 37 minutes of an interview from 60 minutes which will get a lot of people from the media hot and bothered . Is that part of the message. Everything seems like a distraction. Rick he is working the refs. Donald trump is a master of predebate policy setting expectations and working the refs. He knows he is not able to maintain message discipline well , so he wants to blame all of negatives associated with him in the media on the media personalities and the reporters. If he can get tonights moderator to feel like she needs to go out of her way to look like she is playing fair by trump standards, he has already won part of the debate. That is a tactic he is using right now. David what you think President Trumps path to victory. A lot of commentators are saying, prematurely, this is almost all over, but clearly President Trump has a task ahead of him. What is his best path to victory . Rick i think youre exactly right. I think it is way too premature to claim this election is over. There are a lot of states, florida, arizona, pennsylvania, michigan, that are in striking distance for an election victory. Obviously every day there is early voting makes it tougher. Not come outdoes until election day anyway. He has some time to try to keep them and peel a few people off of joe biden in order to win. In those states, if he can put together four or five of those states we just talked about, he has the ability to get to 270. David is that his base . And is his base coming down to white males who lack a College Education . That tends to be the people who are most enthusiastic supporters of the president. Rick that is certainly the core base of the Republican Party right now, and his voters. Obviously he is able to go beyond that. That would not be competitive on a National Basis nor in many of these states. Really the trick for him is to pull back some of these seniors inhas been losing in october key states like arizona and florida where seniors are key voting block, but also to try to get penetration back to women and suburban voters. He has been begging for them to come back. He got them in 2016 but does not seem to be able to put a message together that will bring them back this time. David can he go after the seniors were suburban women voters without addressing covid . A lot of polls indicate those voters are concerned about covid. Rick that is his biggest dilemma. He does not want to talk about covid, the news on covid is not very good. He wants to attack joe biden on the fact that he was talking about changing Social Security, he just wants to change the topic. If he is able to be disciplined enough to create some questions about joe bidens commitment to issues seniors care a lot about, maybe he can get a look back in his direction. He knows that if he just sticks to the Current Issues of covid, the economy, and social unrest, he is not going to win. David thank you so much. Always a pleasure. That is bloomberg political contributor rick davis. Rick will be me as well as with Kevin Cirilli for the coverage of the final president ial debate. That will begin at 8 30 p. M. New york time. We turned to Mark Crumpton for first word news. Mark judge Amy Coney Barretts nomination to the Supreme Court will now go before the full senate. The Judiciary Committee voted to advance her nomination today. All 12 republican senators on the panel voted in favor of her nomination. Democrats boycotted the committees vote. Mitch mcconnell says the chamber will vote on barretts confirmation on monday. The new stimulus package is inside. Nancy pelosi sounded an optimistic tone pattern News Conference today. Ap. Pelosi we have reached point they still not completely signed off on it but i think we are just about there. We will allocate the resources and policies necessary to do that. Mark Senate Republicans are the main roadblock to enacting a 2 trillion deal being negotiated by Speaker Pelosi and treasury secretary steven mnuchin. Mitch mcconnell has made no promises on when the senate might vote on any agreement. In the u. K. , the chancellor of the exchequer has unveiled another bailout for businesses heard by the coronavirus. The latest packages aimed at pubs and restaurants struggling under the u. K. s to your two lockdown. The u. K. Has raised job support aid and cut employers contributions. A judge has released hundreds of pages of testimony by gillian maxwell, the girlfriend of jeffrey epstein. It is the only substantive effort of what maxwell said she did for epstein. Maxwell is in jail in new york on charges she traffic drawls as long as young she traffic girls as young as 14 for epstein to abuse. He was found dead in his jail cell last year. Authorities call the death suicide. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. David this is balance of power on Bloomberg Television and radio. The senate Judiciary Committee has subpoenaed the ceos of facebook and twitter. They want them to testify allegations they have suppressed the story of Hunter Bidens business dealings with ukraine. The news comes as facebook is seeking new ways to monetize its whatsapp unit. Scarlet fu is here with more. How are the stocks doing . Scarlet the stocks are down. Big tech is getting hit from all sides. Earlier it was by the democraticcontrolled house antitrust committee, and today from the Republicanled SenateJudiciary Committee. What todays action means is lindsey graham, who is the chairman of this committee, is clear to move forward with issuing subpoenas for Mark Zuckerberg and jack dorsey and force them to testify over the decision to limit sharing of New York Post articles about joe bidens on hunter biden. There is no date set, but both are scheduled to explain their content policies next wednesday before a Different Senate committee. The backdrop is that after years of being left alone by washington, especially in their early days, big tech is constantly looking over at shoulder and stuck in the crosshairs of lawmakers and regulators. No real surprise it has had to increase spending on lobbying. Facebook spent 16 million in 2019, 10 million so far this year, but all of that is a drop in the bucket when you compare it to how much it has in cash. Facebook had 58 billion in cash last fiscal year. Meantime, you mentioned the other headline. Facebook is lining up a potential payout for its whatsapp unit. ,ather than selling ads facebook wants to offer its Business Users a Cloud Service that allows them to store and keep their interactions with their customers. This next phase after that would include payments to allow customers to buy products directly from businesses on whats app. This is a significant shift for facebook, which makes all of its money through targeted advertising. That is not to say it will not pursue that, but it is looking into different options. The backdrop for all of this is social media, Big Technology has done very well during the pandemic. Election,d up to the there is a lot of concern over the role they play in influencing how people think about candidates and how they vote . David lets be frank about something. We can talk about regulation all we want, but as long as people keep using facebook and twitter and they make money, it will not change what they do. Is there any prospect that some of this adverse publicity could deter people from using it . Scarlet that is a big question. Even as people say they do not want to use facebook or contribute to it, they have tried to withdraw from facebook and say that we use instagram instead. Facebook owns instagram. There is a tricky situation where it does not matter if you boycott facebook as long as you go to another part of facebooks empire. Whatsapp is a different proposition because it does rely more on business customers than it would on consumers or people who are having social interactions with each other on the app. There is that complication. All of that will come to a head during the earnings season, and facebook poll reporting earnings. Facebook nation is more than one billion strong. As long as the