Amazon partners with an old text stalwart. That is blackberry. How they plan to revolutionize tech. Those stories in a moment. The u. S. Stocks posting another record high amid news of new stimulus talks. They are progressing with a plan to pass by the weekend. Abigail doolittle has more on that. Also, i know you have been following the latest Earnings Results out of snowflake. Shares down after hours a bit. This is a big test for them after their blockbuster debut. Abigail it is. Lots of big movers relative to earnings after hours come snowflake being one of them. With snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. This is their First Quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19 . This is an Application Software company, up just 37 year to date. They have struggled a little bit, and in this quarter they posted a wider loss than expected. Revenue fell on a yearoveryear basis. Also missing estimates, and the guide for revenue was importantly missed the range. They gave a range of 650 million to 700 million. Missing the estimate of 778 million full some pretty big miss there. Nice to have a Technology Company and they are not executing. Snowflake is off of its afterhour lows come down almost 4 . They put up a less than perfect quarter. This stock up more than 140 since the september ipo, priced to perfection. It could be down more, frankly, given the fact that they posted a wider loss and their forecast was a little disappointing. They are learning what it means to be a publicly traded company, and the reporting process, that decline, given the fact that the stock is up 142 since september, seems relatively modest. Lets see what comes as investors continue to go through the details of the quarter. A bright spot we do have crowd strike, and this stock is trading higher. A cybersecurity company. This is showing the case of need to have. You need to have the cybersecurity. This stock is already up in a big way, 185 . After hours, nearly 12 . They beat, they boosted. You could make the case with the pandemic, more so with everybody working from home. We around the pandemic have the case of the haves and the havenots, nice to haves and need to haves. Crowd strike is a need to have commenced touring right now. Emily the u. S. Is clearing the china delisting bill, sending it to the president. We will see reaction when the china markets open, but this is another story that had markets rallying. Abigail not too much of a reaction, and i dont think this comes as too much of a surprise, because this is a piece of news that investors have been expecting quite some time. Looking at alibaba and baidu, two of the companies that could be a piece of it, not much happening there. That is the case with stocks on the day. We did eke out a high on the s p 500. Nasdaq up fractionally. Kessel taking a breather tesla taking a breather after the huge rally and the fact that it will be included in the s p 500 come december 21. The spark for the rally we had out of november, that is the vaccine, and positive news today relative to pfizers vaccine partnered with biontech. U. K. Has approved it. It will be is to be did next week, 800,000 it will be distributed next week come 800,000 doses. Rna vaccination requires two boosters outcome and apparently it is not the easiest process. Two booster shots come and appear in the does not the easiest process. Positive news, expected to come to the u. S. And not too long, too. Emily all right, abigail doolittle, thank you so much for the roundup. Speaking of the vaccine, as covid cases hit record numbers in california and new york city reported its highest daily tally since may, the vaccine cavalry cannot come soon enough. The u. K. s approval for emergency use makes it the First Western country to roll out shots. New york Governor Cuomo says the States Residents can expect 170,000 pfizer doses on december 17 if cleared by regulators. December 15 if cleared by regulators. Distribution plans from all u. S. States are due friday for the joining us is Bloomberg Health reporter michelle cortez. How did the u. K. Beat the u. S. On approval, and are they taking a risk going first . Getting a vaccine for coronavirus has been a huge priority for boris johnson, the Prime Minister of the u. K. In all honesty, they did not require the same set of standards that the u. S. Food and Drug Administration did, which was two months of followup in order to assure safety. The fda regulators and regulators at the European Medicine Agency are literally coming through the details of these applications and basically going over the math to make her make sure everything is accurate. In the u. K. , they were able to move much more quickly. They didnt go through with the fine toothed calm that we are seeing with other regulatorsfinetooth comb that we are seeing with other regulars. That being said, the u. S. And europe are not far behind, and by the time folks in the u. K. Are able to get the vaccine, they will a benefited from the there will have been a decision from the fda and europe and they will know whether or not other agencies found this to be safe and effective. Emily here is the question everyone is asking when will i get my vaccine . When does this mean that that obviously we all fall into different categories, our parents, our children. What is the timeline as far as you can tell right now . Michelle i will run you through the timeline really quickly. It is astonishing, i have to say. We are expecting about 20 million doses before the end of the year. The first doses are going to go to medical professionals, health care workers, the highest risk people in nursing homes. They think it will take about three weeks to reach all of those people again, astonishing, three weeks. By about midjanuary, we will have all of those folks. Then we will move to lowerrisk people elderly people, those with comorbidities, maybe you are overweight or have asthma, Something Like that. Then it comes to about april. That is when your average person, someone relatively young and healthy and does not have coexisting conditions, will be able to start getting vaccinations. That is about the time when kids will start being able to get vaccinated. We will need additional trials in kids to make sure it is safe for them come because a lot of these vaccines have not been studied in children yet. But those trials will not take a long time. We are looking at about april by then. By the end of the summer, we should have enough people vaccinated in the u. S. , the majority of americans, that we will reach heard immunity. That means in the fall we will be to our new normal, whatever that might be. It might include things like going back to the office, sending all of our children to school in person, College Sports back on, and many of the things we have been missing for the past year should be coming back. Emily wow, michelle, that is quite a future you just painted if all goes to plan. I want to ask a little bit more about children. Dr. Fauci over the weekend said it would be months, as you say, before kids get the vaccine. How many of the vaccines have been tested on Young Children . I know teenagers are slightly different category, but i understand that most of these trials have been done on adults. What does that mean about how well these shots will work in young kids . Michelle right, well, to your point, exactly. There have been exceedingly few of these shots that have been tested in kids at this point. When you are looking at age 14 and up pfizer, for example, didnt have any children in iots its trial. Childhood is an important period of time. There is a lot happening in those developing bodies you need to make sure you are not doing any harm to these kids. What you want to do is remember, people get vaccinated are Healthy People and you are trying to prevent theoretical risk. You are not definitively giving them a benefit. They might not ever encounter coronavirus, and if they did, they might not get sick from it. You have to make sure there is a higher bar here. You dont want to give them anything that would increase the risk of harm, because they would not get any benefit from it after they receive it. If you do all your testing and in healthy adults first and then you bring it back to the kids, but you dont need to do as much testing once you get to the kids, once you have determined that it is safe and in older folks. You need to look at their immune responses to make sure the way their immune systems responded immune system response is the same and then you need to watch them for about a month to 48 days to make sure it is safe also early spring we are looking at. Emily fascinating. Thank you so much for breaking it all down for us. You are answering the questions that we all want to know the answers to. Michelle cortez, our Bloomberg Health reporter, thank you so much. Coming up, as president elect biden begins the transition process, we will look at what policymakers need to do to make sure that the u. S. Can maintain the continuity of government and safeguarded National Security. Safeguard National Security. This is bloomberg. Emily as the u. S. Continues to face potential security threats, including nationstate cyberattacks, a smooth and orderly transfer of power from the Trump Administration is needed to keep the country secure. President elect biden has introduced a team of National Security experts, saying it is a team that reflects the fact that america is back. Will this team be able to safeguard our nation . Joining us is the founder and executive director of the National Security institute. Obviously, you have a lot of thoughts here. So far we have seen antony blinken, nominee for state. We are expecting Michelle Flournoy to be the nominee for defense. How do you think the picks will have an impact on National Security are rounding out . This is a Serious Group of people, people who have been around a long time served on capitol hill, served at the department of defense, served at the white house. These are people with great experience, and frankly, a team that looks a lot like the prior team with the obama administration. That has raised questions about will this be obama 2. 0. I think the answer will be no, because they will have learned lessons from mistakes of the obama administration. From the syria redline, mistakes on the mistakes of the obama administration, the syria redline, mistakes on the iran deal. Emily what are your outstanding concerns . There are positions that need to be filled. We are in a unique spot, given what happened with the controversy unfolding. What are the big question marks for you . Jamil great question. A few things. We saw the secdef nominee will likely be Michelle Flournoy. Maybe jeh johnson. We will also have a nominee for cia director. It would be interesting to see president elect biden to select a republican from one of the jobs. I dont think it is likely, but it would be interesting to see that happen. Also, chris krebss old job. A lot of questions with regard to National Security. Right now Jake Sullivan is National Security advisor, excellent pick, good friend, rockstar on a National Security. Emily speaking of chris krebs, receiving death threats, including from one of the president s lawyers. No matter your politics, i do think that is on except above. Jamil no matter your politicsthat is not acceptable. Jamil no matter your election politics or what you think of Election Fraud and a former u. S. Attorney should note better. It should be condemned by all politicians across the aisle. Im troubled it hasnt been. Emily as we make this transition in what could be a very messy transition of power, given the president still insists there has been fraud, are you concerned about the security of our country . Jamil look, im always concerned about what is happening in cyberspace because we are under constant attack. I believe we will see a lowlevel war with china in the sabr arena and have been for a while. That being said, the transition is going to happen. It is becoming clearer and clearer that the president is going to leave office on january 20. It is going to work out the way it is supposed to. Has it been a proper time for transition, but this sometimes happens like you did with bush v gore. At the end of the day we are pretty safe nation. Emily what about the president threatened to veto a defense bill unless it includes a provision abolishing section 230, a defense bill that is designed to protect our National Security . Jamil we have seen senator inhofe, republican, leader mcconnell, nancy pelosi, across the aisle on both sides of the house and the senate that they will not do 230 in the ndaa. People recognize the president is upset. The president is aligned with president elect biden they all have concerns about 230 a lot of people on the hill have concerns about 230. It is almost not certainly not almost certainly not happening in ndaa. There is also the issue of renaming the basis that the house will try to pass by a vetoproof margin. The president wants that on his last few weeks in office. Emily all right, we shall see. Jamil jaffer, always good to have your thoughts on the show. Coming up, our conversation with the salesforce cfo about his companys acquisition of slack and why this could be a competitive move against microsoft. That is next. This is bloomberg. Emily it is one of the biggest tech deals of the year. Salesforce has agreed to buy slack for when he . 7 billion in 27. 7 billion in cash and stock. I caught up with salesforce Ceo Marc Benioff about the deal. Marc it is a marriage made in heaven, and we cannot be more excited about this combination and how it transforms our customer 360 vision and lets our customers work from anywhere. It is the most exciting thing i have been through. Emily many people are looking at this as a defensive move against microsoft. What is your response to that . Marc you can see salesforce has never been stronger. We just delivered a phenomenal quarter, raised our guidance, 21. 1 billion this year. We will do 25. 5 billion dollars in revenue next year. Emily, it is the fastestgrowing Enterprise Software committee effort, of all time. Salesforce has never been stronger. When we look at slack, also a tremendously fast growing company, but really has breakthrough technology, the idea that you can collaborate on channels, and we have integrated our products already, but the idea that you can have this nextgeneration work from anywhere environment, runs on my phone, runs on mike ipad my ipad, amazing what is possible. Emily so the old deals in your you are no stranger to deals, some 60 deals in your tenure at salesforce the stock slipped when reports of this deal first broke, and they are saying this is too expensive for a company with less than a billion dollars in revenue could what is your revenue. What is your response to that . Marc it is very common narrative for some i have done 60 deals, some of the largest deals ever done in the technology industry, including a company we grew from a few hundred Million Dollars to a couple billion. We have gone an incredible done an incredible transaction a couple years ago now with tableau. Of course, it was the same narrative then. Now we see a couple billion dollars in revenue and tremendous market share gained since we acquired the company. The deep integration with our customers and our customer here we are again with slack, our same playbook. We have a lot of swagger can we have a good feeling. We will execute and deliver tremendous value to our global customers. Emily salesforce Ceo Marc Benioff there just after the deal was announced. Sticking with that, dan, is this ideal, a marriage made in a deal sticking with that, dan, is this ideal, a marriage made in heaven . A lot of marriages dont work out, as we know. Look, i think when benioff is alluding to is the cloud wars, they basically needed to do this deal. It was now or never. And more and more with microsoft, you cannot argue with the strategy. You look at tableau, and now slack. The price they paid i view it as a nearterm pain, longterm gain. Emily what about for slack . Despite its popularity, the shares have languished. Zoom shares have gone up 500 , and slack shares are basically where they were at ipo until this deal was reported. Dan for slack, i think this was clearly the right move can the right move because they are going up against microsoft and it is becoming more and more competitive, going you saw that in the growth rates. For them to hit the bid now, that is a smart move. For shareholders it speaks to microsoft becoming more and more of a force in the cloud and ultimately, salesforce does not do this deal if it is not for that company revenue. Emily so, what are you going to be watching to see if it if salesforce can indeed pull this off . Dan i think similar to tableau, it is the value prop over when the deal closes. I think it is a sandbag number in terms of what they gave with slack. If they are able to ultimately execute on that this really becomes a big race for the next four to six quarters. If you look at microsoft, that stack is tougher and tougher to compete with. This is a shot across the bow of microsoft. They are not going to sit there on a treadmill and they continue to accelerate. It is big enough for more than it is a big enough ocean for more than one boat. Emily how competitive do you think this combination can be microsoft . To microsoft . Remember, we remember salesforce was trying to buy linkedin when microsoft scooped it up. Dan i think right now , microsoft, i dont view it as tremendously competitive vs. Microsoft when i view this combo. I think over time, a year f