Twitter saying that many of those votes are many of those comments are misleading. We continue to feel, the senator and i, we continue to feel very good about how things stand. We have no doubt that when the count is finished, senator harris and i will be declared the winners. I asked everyone to stay calm. The process is working. The count is being completed. We will know very soon. Be following the results, live reports from pennsylvania, where we are just learning that the Truck Campaign is filing a lawsuit as votes are being counted there. Markets are extending the biggest rally since april as investors rushed back into tech. The fed is keeping results near zero. Cooper is out with ubereats is still a bright spot for cooper as the pandemic continues on. Abigail doolittle is following the rally as this election remains uncertain. It is amazing that we do not know who the president of the United States is and we are in the middle of the best week for stocks going back to april. If we take a look at what is happening to the s p 500 and the showingthe nasdaq is up gains. This is being helped out by the Technology Stocks that you are talking about. The apple complex doing well today. A piece of that has to do with some of the apple suppliers, as you know, as he spoke with the bestesterday, it had the day. They beat earnings and revenue estimates and a huge way. Most importantly, they boosted the out look on 5g. A beat and boost quarter as well. Analysts say that they put up a much better quarter than expected, positioning them well for 5g. Because tech is the defensive sector of 2020, to be that is why investors are going in this direction. In this uncertainty, they want the kind of companies that print form well to continue to do so. Nasdaq is up. Acting as if they know who the next president is, even though we do not. It is really pretty incredible here. Best weekt there, the since april. We have some early movers and that is peloton and tmobile. Both are trading higher at this point with strong quarters. Abigail doolittle, thank you so much. Waiting on final Election Results in various states. We are getting new headlines that President Trump campaign has filed a lawsuit seeking immediate injunction in savannah, the campaign saying that they have the right to look at every vote in pennsylvania, the subject of a lot of controversy. I want to bring in bloombergs david westin, host of balance of power who has been handling all of our election coverage. Walk us through what this means, as President Trump has been battling legal challenges in various states. Talk about this one in pennsylvania. David thank you for having me. There is a pattern here. We typically get a lawsuit out of the top campaign when they think that things are not going their way. Pennsylvania is critical, given where we are so far. President trump has been ahead in that state, but his lead has continued to go down. That is down one quarter in the last two hours now. A lot of people think that pennsylvania will ultimately go with Vice President biden. Papers, but this lawsuit is saying that we want to have our monitors thereto, all of the absentee ballots and make sure that nothing is going on wrong. Situation inlar michigan yesterday. They are saying that they think been no specifics alleginge that that is where the fraud is. Emily some networks have said that biden has one and arizona, but we have not made that call yet. When are you getting an update . Abigail david the fact that they are coming in slowly would indicate that it is working. We have hundreds of thousands of people who are volunteers. Doing their best. That is not necessarily a bad indication. The trunk was very upset that thehad called arizona Trump Campaign was ramp at the fox are called arizona earlier. I think the Associated Press is the golds standard. So we should keep watching arizona very carefully. Were supposed to have a briefing in a few moments from the pennsylvania secretary of state. She says that the vast majority of those will be counted sometime today. Emily we are going to be following that press conference from the secretary of state with pennsylvania. Unusualhat this is not for the votes to take this much toe, but it does harken back 2000, which i know it was very traumatic for people. You are the president of abc news at the time. Much longer than usual, or are we proceeding as normal . Was, and irtainly have been traumatized by will have been traumatized by will happen in 2000. From 20 years ago. This is very different and a couple of ways. That was not an absentee ballots issue. For the most part, that was not the problem. Night that iton was all about a few counties in florida. That was the focus going forward. There and mind, had over a hundred million americans vote in this country. Of theknow, and several states, you cannot start to count the ballots until election day. That is why this is quite different. And it was a big problem in 2000. A lot of people are still scarred by that, and that is why i think you for taking a little more time. That is why i think people are taking a little more time. Emily that you so much, it david westin. We will continue to watch your coverage of the night unfold. By atparker is standing the white house. At the president lead has dwindled basically everywhere. He needs pennsylvania to have a shot at winning. We are waiting for the press conference with the secretary of state of pennsylvania, which will be starting any minute now. Talk to us about where the president s head is right now besides tweets in all caps right now. Toio the campaign is trying show confidence. Meanwhile the president has been a second parts of the process. Attacks ofeen widespread fraud in the battleground states that he would need to get success. His pathts talk about here. He does have a path, but it is looking more more narrow. Mario right. His campaign had a call earlier today which i participated in. As ive mentioned, they are projecting confidence. They are saying that they still see a pathway through arizona, which is absolutely crucial for them. They still feel good about the chances of pennsylvania. The cabbie ought that they have been in the caveat they have been including on these states is that all legally cast ballots are counted in legal fashion. They are making sure that they sort of and any of their statements of optimism i signaling that there could be more legally legal fights to come. Emily talk me through whether or not you have heard the same thing. There has been discussion that trump is perhaps considering a resurrection run in 2024. Is there any truth to that . Mario there is always going to be speculation, especially given how close this election is. The polls got it wrong. The president was right that the once did underestimate him again. He has more than 80 million followers on twitter. Twitter toof used keep the party in line and ignite his face. We know that so far at least close to half of the nation supports him. Him neveral rating of dipped below the mid 30 level. The base has stuck with him through thick and thin. Ople will 2024, givend run in how much support he has out of the republican party. Emily we jumps way ahead there. But i had to ask if you heard anything about that. Mario parker on the phone for us. I will let you continue to cover the president s campaign. Thank you. On edge. , a nation americans on both sides remain anxious. We are going to hear from a former election administrator to how making sure this count is crucial. That is next. Emily no evidence to call into question the integrity of the vote counting process. State and local Election Officials are considering everything they had to deal with this 2020 election cycle, including the pandemic and civil unrest that are performed remarkably up until this point. Hopefully things will continue to do so. Given that the margins are so tight and that frustration is so high, what needs to be done to be sure that the next few days that the counting process is secure. Everyu confident that possible security measure has been taken . That localconfident Law Enforcement can help ensure an outcome that reflects the will of the american voters. I think what is really important is that the time and space needs to be given to election pollials and to our workers who may be participating in the count process to ensure that they are able to continue to count votes and a safe and secure manner. As long as everyone else is behaving in a manner that is accordance to federal and state law, there should be no problems. I understand that the counting process has improved significantly over the years and has even improved since 2016. In many ways, it feels so lowtech and even archaic. The examining of the signature and the adjudicating. As this process liberally low technology for a reason . Is lowtechrocess and some respects to help ensure that it is secure. One of the things that came out of the 2016 election and frankly even before that was the knowledge that there are things to be done they could ensure our elections are secure and further protected from foreign adversaries. One of those things is to have paper ballots. That is a sentiment that has been shared by the National Academy of sciences, the Central Intelligence committee and a bipartisan manner. As well as many other reputable entities. Another piece of this process as well is making sure that we have paper backups for each part of the election process. Election and for structure many things. Consistsinfrastructure of many things. Technology sometimes fails. It is really important to have failsafes, whether it is a so voters can checkin or having additional paper ballots, so voters are able to continue voting. I think that having paper is really important, because again, if a nephew areas after was to somehow breach if a nefarious actor was able to breach the voting area, emily do you think that this technology will be incorporated in the process to make it better and faster so that it does not take a new day to get new results from nevada, for example . Is always going to be a slow and methodical process . David i can say that while the tradition in previous elections was to be able to announce results for candidates on election night, that is not really how are system was designed. Each of the 50 states has a process, in which they certify Election Results for days and even weeks after election night. Part of the reason that we have that, it is that even when we have Election Technology that we have to expedite the voting process, wills and have ways to go back and check. In a manual manner, what our technology has provided, so that we can ensure with a great deal confident that the outcome people. The american i think that technology could help improving election processes. Having a manual processing in place is absolutely critical in ensuring the integrity and security of our elections. I think this is a good example of that. Emily a fascinating perspective from you given how many elections that you have worked on. David levine of the alliance for securing democracy elections integrity fellow. Thank you so much for joining us. We are talking about uber talkingg a wider loss, about its business ahead in the face of the pandemic. A mood take a bigger look at uber eats. That is next. This is bloomberg. Emily uber early results are and after facing the business after winning the prop 22 victory in california this week. I want to get more from angel o zino who has been tracking the results. What are the highlights for you . Angelo on our end, this is not really a surprise to us. At the end of the day, delivery bookings came significantly ahead of our expectation, while the mobility business, the ridesharing oriented business continued to run at fairly low levels. We are saying and improving trajectory off the top levels in q2. When you look at the bottomline number. It is roughly end line. Day, we were the looking for an adjusted profitability. By the end of the next year, we believe we can get it by the end of q3 of next year. I think once you hit that point, that will be the next major catalyst for the shares. Emily there are many things that we do not know, including who will be the next president of the United States. We know that this pandemic will continue to potentially, for a next couple of years. What does that mean for the longer term future of the business of uber . Well ridesharing ever recover . Wholo i think depending on you ask, you will get a plethora of different answers. Our view is a bit different than most others in the sense that we do think that some of the recovery within ridesharing will take an enormous amount of time. In lateres that you saw 2019, probably you will not see closer to 2023. I think at the end of the day, to your point, Consumer Behavior and how they approach things, there is need for personal space, it is definitely going to have an impact on the mobility business for a long time. Adjustments to their business, to their cost profile. As soon as they can get to those revenue levels, 50 below some below those15 revenue levels. They should be able to hit more aggressive targets, and the approval you can see and the delivery business. Emily you follow lyft as well. Tot does not have lyfteats billy business. Be tohe weakness of lyft the benefit of uber longerterm . Angelo i think that is a great point and our answer is yes. At the end of the day, these downturns make the market share leaders stronger longerterm prewe do think that at the end of the day, we think that uber will be able to take the market share difference from lyft. Ofly thank you, angelo zino cfra. We appreciate your insights on this show. Coming up, the state of the president ial election is still up in the air. We will go live from wilmington, delaware, for the latest out of the Biden Campaign. We are still waiting for four states. Pennsylvania, north carolina, nevada, georgia. Arizonassuming that goes to the former Vice President. We are also standing by for the secretary of state to give and use comforts the pennsylvania this hour. More from bloomberg after this quick break. Emily welcome back to bloomberg technology, im emily chang in san francisco. Where listening right after pennsylvania secretary of state kathy boockvar, who just started a press conference. She says estate still has votes to count, might be stating the obvious. We are going to listen to this and bring you any headlines as we have them. She has just said, the majority of the votes will be counted by friday. By folks feeling frustrated by lack of results, that is welcome news, and pennsylvania is going to be one to watch. Want to get the latest from Biting Campaign headquarters. Emily wilkins is standing by. I am sure the pennsylvania the Biden Campaign wants to see these pennsylvania votes as much as anyone else. Emily, give us the mood from wilmington tonight . The Biden Campaigns message hasnt really changed. They are still very optimistic that when all the votes are counted, that biden and harris will be declared the winners. They are also urging people to be patient. Biden today was asking people to remain calm. At this is coming as we see protests throughout country, including outside key voting areas. The pencil set the pennsylvania secretary of state just saying they are coming into the home stretch and the majority of votes will be counted by friday. Pennsylvania,ting while it would be nice for the Biden Campaign, they just need one more state. Anything, right . Emily that is true. Ap and fox news called arizona for biden. If you put that in his column, he only needs six more electoral votes. That could be delivered to him just three nevada alone. Pennsylvania is an additional 20 p or that could really put him over the top. So the Biden Campaign is keeping their eyes on numerous states, and we have seen a lot of those states report pallets today, but it is not at the point where we can make a definitive call. These are so, so close, and it just takes time to count the absentee ballots, because there were so many of them that your. Emily secretary of state kathy boockvar, saying they are still hundreds of thousands of balanced account, and how the majority will be counted by friday, the closer the race, the longer it takes. What can you tell us about Biden Campaign communications with Elections Officials in various states . We have seen President Trump filing various lawsuits in various states, some of the lawsuits already rejected. We havent heard much from the Biden Campaign, but we know they must be in constant medication with Elections Officials. Biden campaign is absolutely ready for legal action. They have an army of thousands of lawyers that they have in numerous states where these legal battles are happening. They have a Legal Defense fund that is ready to go, they have been asking supporters to continue to donate to the campaign to make sure they can finance these legal battles, and i think a lot of what the Biden Campaign is going to do is going to depend on the Trump Campaign lawsuits. It will be unclear exactly how much of this will be decided in the courts, but you are right, we have legal cases going on in a number of key states, michigan, pennsylvania, georgia. The Trump Campaign said today they filed suit in nevada as well. Wilkins ofemily bloomberg government, in wilmington delaware wilmington, delaware, at biden headquarters. We will continue to watch are covered throughout the night, emily. I want to talk about the relationship of what the u. S. China relationship is good to look like under the next administration, whether a trump or Biden Administration. ,e are joined now by amy celico Albright Stonebridge principal. Perhaps the most important relationship the United States as w