Majority. He has been a prey Prime Minister for 10 months. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Bloomberg technology is next. Emily on emily chang and this is bloomberg technology. More emails coming back to haunt Hillary Clinton. A new inquiry there is a controversy back into the president ial race. Eight tech earnings bonanza this week. Some of the biggest names reporting. They will look at the winners and losers. After qualcomm announces the biggest deal in the chip in history history, the ceo gives us his take on the future of computing. To a rapidly developing story. U. S. Stocks took a hit on friday afternoon after the fbi three opened his investigation into Hillary Clintons use of a private email server ball serving as secretary of state. Director james comey said in a letter to congress, in connection with an unrelated case, the fbi learned of the existence of emails that appear to be pertinent to the investigation. That case is a probe of a clinton aides estranged husband, former representatives Anthony Weiner who is being investigated for sending illicit text to an underage girl. Joining us is mark and john. What is your take on just how consequential this new information actually is given the fbi is releasing this 11 days before the election . The timing makes it potentially very consequential but we dont know enough about what is going on here to say whether or not it will be as consequential as it could be, potentially because of the timing. This is a story with a lot of ambiguity. The reporting seems to suggest what the fbi is looking at are not emails sent from her private server, but it is connected to the Anthony Weiner case. Over the course of the next 24 to 48 hours hopefully it will know more than we know right now and be able to take its political measure a little better. Retweetedlary clinton the statement. The director owes it to the American People to immediately provide the full details of what he is now examining. We are confident this will not produce any conclusions different from the one the fbi reached in july. The public not having more information now that they have released a little bit of information, could potentially have a dramatic impact on the election. What is the likelihood this will actually be resolved in 11 days . It seems unlikely. We dont know what prompted the director to write this letter to capitol hill. S he will berhap prevailed upon to write another letter or make some public statement. The ball is in director comeys court. You will see the Trump Campaign deal to make political hay out of it by raising concerns about what Hillary Clinton might have done, what possible investigative avenues this could lead down, and it will put the Clinton Campaign in a tough position. I dont think there is much they can do to take this story out of the front pages without clarification from director comey. It can have an effect on the rate. They can inspire republicans, to press some democratic voters, and perhaps cause undecided voters to say they dont want more of Hillary Clinton. If you look at the state of the rate before this expose of development, most of the data suggest that Hillary Clinton was in a commanding position. Does she lose her khamenei position based on what is happened so far . I dont think so. It does put her in her campaign on the defensive with very little prospect of talking about anything else to break through to voters for the foreseeable future. At the moment this doesnt appear to have any connection to the daily diet of emails that have been released by wikileaks. Dotcompeak with cakim where he is under house arrest in new zealand about julian assange. He said he would be Hillary Clintons worst nightmare. He tweeted today, hillary will get busted by the same mass Surveillance System the u. S. Government used to spy on me unlawfully. What you make of those remarks and how damaging has wikileaks been . At this point the revelations of nothing very damaging to Hillary Clinton at all. As mark suggested before, rolling into today Hillary Clinton was ahead by a comfortable margin and was on offense. As of this moment she still has that margin and is on defense. The emails of an rolling out for a couple of weeks. Although them been sometimes embarrassing and often provided an unflattering window on how things work in clinton world, very few were breaking through with voters, especially in the context of the much more explosive set of stories that imprisoned out of donald trump and his treatment of women. Selfprofessed in the access hollywood take. And having been accused by a variety of women subsequent to that. That is coming through with ordinary voters a lot more but we are waiting on that over what we might find out from those emails over the course of the next 12 days. That will be playing out in tandem with this james comey fbi story. Emily the initial investigation seemed to move very slowly. How do you expect this investigation to proceed . We dont know what has been reopened if anything. We dont know what the status of being inquiry is. If its a normal investigation, it will not run by the clock of the election. The ball is in james comeys court to clarify or not to clarify. I cant imagine anything would be resolved in some formal way. This investigation was closed as a political martyr matter. Is now open as a political matter and it will stay open as a political matter unless comey the something extraordinary as he did previously in a definitive fashion. Emily Hillary Clinton and president obama on the campaign trail. We are monitoring their remarks. Mark halperin and john helen, thank you so much for joining us. Big week of earnings in tech from apple to amazons alphabet. We will break down the top takeaways you need to know next. This is bloomberg. Emily this is bloomberg technology. It was a gateway for earnings reports from some of the Biggest Companies in the world, from apple to amazon to alphabet. Joining me our guest host David Kirkpatrick and ceo of techconomy and mark urban. Lets start on apple. Digest whereme to there were some new laptops revealed as well as the tv app. I wanted to talk about the tv app. You dont think it is necessarily as significant as some others may believe. What is your take on how important this is . This new apple tv they came out with in the fall of 2015 was supposed to be there reinvention of television. App is just like another home screen. When i go on the apple tv there is different channels. There is starz, hbo, etc. This is just another place for that is all linked together. Is more of a suggestion engine than anything else. I think the apple tv interface should just be this app. There was no reason for there to be both because this app is their goal but they are just tacking onto the existing interface. I think the strategy is probably going to ship because there is no way they dont realize this as well. Emily david, a lot of news to digest this week. Earnings in line, that are then expected, holiday forecasts. There were disappointments for investors that apple did not seem to make more hay out of the samsung recall. At the same time they unveiled new laptops and this tv experience. With the you think the highlights are . David i think people have to recognize that the newest phone was only for sale for two weeks of the quarter. Comparerd to really what is happening with apple and samsung. I strongly believe apple is going to benefit tremendously from samsungs egregious missteps. I think the fact that the iphone 7 is a good product is going to help them there. Im basically, on a shortterm basis, optimistic that apple is doing ok Going Forward and probably they are modestly optimistic forecast makes sense. When you look the Product Announcement and compare it to what microsoft did this week, which is to announce things that really were fundamentally new. To me they were sexier by a substantial margin from a company we would never expect that from. The company we have always looked to for the sexiest announcements really kind up that came out was something that with a little bar on the screen of the laptop about the keyboard that some people like. To me it seems a good step not far enough, towards a touchscreen which is what microsoft is doubling down on. I dont understand why apple doesnt have touchscreens. I think in their computers. Thats a smaller part of the business, granted, but it shows something happening that is not that great at apple from up Auto Development view. Mark underscores the same point. Mark i agree with you on the tv point. When apple is doing is chasing the market share in the profits and revenues on a product line they have proven an ability to do so instead of focusing on that bigger touchscreen experience. I think you referring to the surface studio. I think its a really cool product. I thought the demo video is getting a lot of excitement. It looks pretty sweet. That is not something that will generate a lot of revenue for apple that is not their breadandbutter in terms of touchscreens. Their breadandbutter is the ipad and iphone. I think it will focus on that for a long time. I think this touch bar on the macbook pro is something that is basically the step towards a bigger direction in terms of more touch on macs. They made it clear they will not separate the two. I think it will continue focusing on that because if you merge the product and have one singular device that is an ipad and a laptop like the Microsoft Surface book you are only generating revenues and profits and sales from a single product. Why not have an ipad at a macro pro and make money from both . Make money from services on both . A set of just one revenue stream they have several now which is the total apple approach. Emily tell us how you really feel. That you for that. I want to turn to amazon quickly because results this week were very painful. A painful reminder to investors the companys link to invent invest heavily and sacrifice Profit Margins in the meantime. We were told today there is no reason to worry. Take a listen. The way i felt is yes, it brings back bad memories but they do invest in the right areas. Im confident these investments are going to yield continued impressive market share gains that should cause the stock to bounce back. Emily david, what you make of the investor reaction . That sort of panicking a bit. Is it a return to a previous phase . David by on the dip. They are still a Monster Company executing extraordinarily well. It is hard to fault them for investing in their business. That is what they have been doing all along very aggressively. That is what is driven their stock up in the last year. They will continue doing that. They essentially own ecommerce. Play with it when it own it more globally. I think its amazing how well amazon is executing in my view. The quarter is a blip. Emily a lot of excitement around the amazon echoed devices. Google is working on a home device. You think the market is up for grabs, potentially even apple could make a play. Mark i look at it from two perspectives. Of financial and consumer perspectives. For consumers it is great. There will be competition in the smart home speaker space we reported. We reported apple is working on an amazon echo competitor. Google has theres coming out in november, a few weeks from now. From a financial perspective i think amazon is making some of the coolest products right now. Being first with the echo. Some of the latest you readers are great. The issue is the financials are not making a profit on it. I think investors might have to start to worry in the next three to five years if amazon does not change the Business Strategy to make a profit on these Consumer Devices that are honestly cooler that some of the competition. I think we will see that change, at least we have to. Emily david, a question about twitter. Playoffs this week. Focusing on the live strategy. More questions about jack dorsey having two jobs. M a is still inevitable. Has your view on twitter got more or less optimistic . David is a little more optimistic. By the impressed tenacity with which jack dorsey is trying to keep that company independent. There were strong rumors disney was seriously interested. To does not seem like its happening for the time being. There quarter was a little better. They still have big problems with they dont make money. They are not really close to it. The fact is the Election Campaign and the season we are in has really shown how central they are to our society and global society. I simply cant believe that a company this prominent in the world in which we live cannot find a way to make money. That is in summary with jack believes also. Emily i am watching reaction to this clintonmba emails to fbi email situation on twitter. David kirkpatrick, you are sticking with me. Mark, they do so much. It is shaping up to be the year of the megadeal with over 24 m a deals over 1 billion announced this year. We will see of the trend continues next. This is bloomberg. Declinedtsuite shares after a planned takeover by oracle may fall apart. They said it would not support the deal of the current offer price of 109. They went oracle to pay 133 a share instead. The oracle ceo said he made this quote best and final offer and will move on if netsuite shareholders dont agree to the deal. Oracle may go after it instead. Speaking of megadeals, that you deals in the Third Quarter are up to 102. 5 billion. According to a new deals report. In total, 24 deals greater than 1 billion were announced in the Third Quarter, including oracles proposed purchase of netsuite. And intels sale of mcafee. Joining up to discuss the report andechnology deals leader David Kirkpatrick. Todd, we will start with the trend that value has gone up in value has gone down. Its all about those deals you were just talking about, megadeals. This is a phenomenon that started over the past couple of years. It has really taken off in 2016. 24 in the quarter. That is a trend we see continuing. I think the main factor of that is a lot of convergence. We are seeing a lot of Companies Realize if they look 510 years down the road for the think the industry is going, they need to buy growth today and thats regardless of if the economy is doing poorly, the election, regulatory pressures. We have to make the moves today. Emily i know you cant discuss specific companies, but other more specific scenes you expect the play out. On the software is the key area of growth and m a over the past year. We certainly expect to see more deals in terms of going from the cloud. Security has been relatively quiet on the deal front. There are a lot of companies in the security space that are right for consolidation. And semiconductor, which just had a record deal of all time in the semiconductor industry, i think we will see large deals but they will be at that next tear down. Tier down smaller meeting still in the billion dollar range but not in the tens of billions range. That i think is because we have seen that several companies have tried to merge and it hasnt worked out. Either for regulatory reasons or otherwise. I think there is a whole tier of companies and that will be feeding a lot of deals. Emily a number of folks said this is the biggest spate of m a since the. Com boom bust. Could it potentially surpass that. David i remember one 1 billion was a lot of money. [laughter] we cant be impressed by 1 billion deals anymore. Maybe im just getting old. That still seemed like a lot of money to me, but 47 billion for nxp these are gigantic deals. There seems to be a lot of enthusiasm for consolidation right now. I think its partly because of uncertainty in general and the tech market. The whole arena we talk about everyday on the show is really influx in a surprising way. Companies are all nervous and they are trying to come up with ways to deal with an uncertain future and they are buying their way into some degree of flexibility. Emily a couple of companies sitting out this far that it in no to make bigger deals, facebook, alphabet. The think we will see more megadeals from them . Todson a lot of this Companies Set up because valuations were ridiculous. Valuations, a lot of people are using the term rational expectations from some of the unicorns out there. So long as that trend continues i do believe we are going to see Companies Like those coming into the market and requiring some of those that otherwise would be slated for an ipo. Emily you think unicorns will get picked up . Todson i do. Emily have you expect this to then play out . Given that you have seen the waves and the cycles. Was cycler removing into . There was ae lot of belief we would see revivals of ipos from the unicorns. Were may be a maturity level have reached with a number of companies we have been talking about for a number of years at it and slowly and effectively building their businesses. They are ready for some kind of a genuine exit. There is monster Companies Like amazon, facebook, google, microsoft, apple. Their appetite is unlimited. They have money. They will continue buying. They need to continue broadening the portfolios because along with even the chinese companies, the big ones, they are sort of converging towards a similar set of capabilities. I also think the markets want a lot of these really cool new companies to go public. That is going to be interesting thing to watch. I cant say which will happen but a lot of action is ahead. Emily David Kirkpatrick, thank you todson. Thank you both for stopping by. New generations of devices require new chip technology. Intels executive Vice President tells us about the future of conductivity next. Mark you are watching bloomberg technologymark . Lets begin with a check of f