GOOG Jan 2021 1300.000 put

OPR - OPR Delayed Price. Currency in USD
-1.00 (-0.66%)
As of 11:03AM EDT. Market open.
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Previous Close159.00
Expire Date2021-01-15
Day's Range151.10 - 151.10
Contract RangeN/A
Open InterestN/A
  • Google’s Nest Business Is Losing Key Customers—What’s Next?
    Market Realist

    Google’s Nest Business Is Losing Key Customers—What’s Next?

    Google’s Nest business made system changes that could weaken its device sales. Some homebuilders are dropping these products in their smart homes.

  • Will Cloud & Azure Adoption Aid Microsoft (MSFT) Q1 Earnings?

    Will Cloud & Azure Adoption Aid Microsoft (MSFT) Q1 Earnings?

    Microsoft (MSFT) Q1 results are anticipated to reflect the benefits from enterprise strength, robust Office 365 & Azure adoption.

  • Google Recruits Microsoft Exec to Best It in the Cloud
    Market Realist

    Google Recruits Microsoft Exec to Best It in the Cloud

    Google has set a high target for its cloud computing business. It wants the unit to grow rapidly and surpass Microsoft in the global cloud market.

  • Reuters

    ECB's Costa says banks need to act fast as tech firm rivalry looms

    European banks must be flexible and quick to act to avoid losing clients as they face imminent rivalry from global technology firms and digital banking apps, European Central Bank board member Carlos Costa said on Tuesday. Costa, who is also the head of the Bank of Portugal, told a conference in Lisbon that financial supervisors such as central banks also need to adopt new tools to deal with "the new reality" of fast-changing financial technology and companies like Facebook or Google moving into finance. "Although the 'Big Tech' is currently limited to Asia-Pacific and North America, we must not forget that they have a global vocation and that their expansion into the European market is a matter of time," Costa said.

  • Reddit co-founder: Lawmakers should do their homework before grilling tech execs
    Yahoo Finance

    Reddit co-founder: Lawmakers should do their homework before grilling tech execs

    Reddit Co-Founder Alexis Ohanian weights in on Washington's Big Tech debate.

  • Google Is Phasing Out Its Buzzy Touring Bird Tours and Activities Search Feature

    Google Is Phasing Out Its Buzzy Touring Bird Tours and Activities Search Feature

    Google is shutting down its second stand-alone travel product, Touring Bird, in the past couple of months. Starting Tuesday, visitors to the tours and activities price comparison site will see a banner announcing that Touring Bird will be shutting down November 17. An unannounced number of Touring Bird staff — Google wouldn't reveal the size […]

  • Cadence (CDNS) Earnings & Revenues Top Q3 Estimates, Up Y/Y

    Cadence (CDNS) Earnings & Revenues Top Q3 Estimates, Up Y/Y

    Cadence (CDNS) benefits from solid demand of its broad based product portfolio.

  • Verizon to give some customers 12 months of free Disney+
    Yahoo Finance

    Verizon to give some customers 12 months of free Disney+

    Verizon and Disney team up to make a big splash around the launch of the entertainment giant's streaming service launch.

  • 5 Top Tech Picks as Trump Finds Trade Deal Going "Very Well"

    5 Top Tech Picks as Trump Finds Trade Deal Going "Very Well"

    Trump reports progress in U.S.-China trade deal. Thus, now it's a good time to invest in trade-sensitive tech stocks.

  • Financial Times

    IBM researchers dismiss Google ‘quantum supremacy’ claim

    Google is wrong to claim it has reached a turning point in the history of computing by being the first to achieve “quantum supremacy”, according to researchers at IBM. In a paper published on Monday, five researchers at the US computer maker said Google had overstated a claim that its system, built using the principles of quantum mechanics, could far surpass even the world’s most-powerful supercomputer. It has been hailed as a big step in the development of quantum computers, which have the potential to solve problems in materials science and other fields that are far beyond traditional computers.

  • Excitement Is Starting to Fade for Glamour Stocks

    Excitement Is Starting to Fade for Glamour Stocks

    (Bloomberg Opinion) -- Glamour stocks may be losing their allure.Buying profitable businesses at a reasonable price is one of the oldest and most trusted — and some might say boring — playbooks in investing. The father of security analysis, Benjamin Graham, plied the strategy, as did his protege Warren Buffett, legendary mutual fund manager Peter Lynch and countless other stock investors. But there’s been little interest in it in recent years, at least when it comes to U.S companies.Instead, investors have been betting on glamour stocks — companies with big expectations and pricey shares, but little or no profit — in the hope that they will blossom into cash cows like Facebook Inc. or Google parent Alphabet Inc. Think, for example, electric car maker Tesla Inc. or online video service Netflix Inc., or even pot stocks.Glamour has paid off big, not because those companies are suddenly minting fat profits — on the contrary, many still lose money — but because their popularity has boosted their stock prices. Glamour stocks, or shares of the most expensive and least profitable U.S. companies, have outpaced boring stocks, or shares of the cheapest and most profitable companies, by an astounding 16.8 percentage points a year over the last six years through August, including dividends. That’s when they began to take off relative to boring stocks, according to numbers compiled by Dartmouth professor Ken French.It’s not a bet for the faint of heart. Glamour stocks are likely to continue fetching high prices as long as investors hold out hope that profits will materialize, but if they tire of waiting, the reversal could be intense because glamour stocks have a lot of room to deflate. They traded at a weighted average price-to-book ratio of 10.1 as of August, compared with just 0.8 for boring stocks. Since 1963, the first year for which numbers are available, that difference was only higher during the height of the dot-com bubble in 1999, and not by much.  In fact, there are signs that investors are beginning to lose their patience. Some of the most highly anticipated initial public offerings of glamour companies this year have been a bust so far. Shares of ride-hailing companies Uber Technologies Inc. and Lyft Inc. are down 30% and 43%, respectively, since their public market debuts. The ETFMG Alternative Harvest ETF, the first U.S.-listed marijuana exchange-traded fund, has tumbled 51% over the last year. And who can forget WeWork’s implosion from a $47 billion valuation in January to a proposed bailout that could value the office-sharing company below $8 billion.It’s not just a few companies. I compared the stock price performance of the companies in the Russell 3000 Index with their profitability over the last year. Roughly 45% of companies posted a profit margin greater than the weighted average margin for the index, and their stock prices rose by an average of 2%. By contrast, the stocks for the 30% with a profit margin less than the index declined by an average of 3%, and the remaining 25% that lost money were down an average of 10%. The results are similar when looking at other measures of profitability such as return on equity.Those results are also echoed by French’s numbers. His glamour stocks are down 4.3% over the last year through August, while the boring ones are up 6.4%.Even if the recent reversals turn out to be a short-term blip, investors must also navigate the likelihood that many glamour stocks will disappoint eventually, if they survive at all. That’s evident in their unflattering longer-term record. Glamour stocks have beaten boring ones just 25% of the time over rolling six-year periods since July 1963, counted monthly. And the vast majority of those victories are clustered around only two periods — the current one and a similar growth-at-any-cost binge during the late 1960s and early 1970s.That earlier episode is instructive. Then as now, investors eagerly paid any price for companies that held out the promise of outsized growth. The results were great while everyone played along. During the six-year period from October 1966 to September 1972, glamour stocks beat boring ones by 16.8 percentage points a year, a margin that matches glamour’s success over the last six years. But when those companies stumbled or failed to deliver on their promise in the ensuing years, investors abandoned them. During the following six years that ended in September 1978, glamour’s fortunes reversed, and boring stocks won by 17.3 percentage points a year.     Sure, those with the foresight to pick future winners from a sea of glamour stocks have little to worry about. But, to rip off Dirty Harry, this might be a good time for investors to ask themselves one question: Do I feel lucky?To contact the author of this story: Nir Kaissar at nkaissar1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nir Kaissar is a Bloomberg Opinion columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young. For more articles like this, please visit us at©2019 Bloomberg L.P.

  • This strategy beats a total stock market fund and gives you more diversification

    This strategy beats a total stock market fund and gives you more diversification

    Unfortunately, many advocates of total market funds don’t realize they aren’t fundamentally different from S&P 500 funds. As you probably know, the S&P 500 is made up of 500 of the largest publicly traded companies in the United States. Sure, there are 500 stocks in the index, and that should provide quite a bit of diversification.

  • Bloomberg

    Gmail Hooked Us on Free Storage. Now Google Is Making Us Pay

    (Bloomberg) -- Google lured billions of consumers to its digital services by offering copious free cloud storage. That’s beginning to change.The Alphabet Inc. unit has whittled down some free storage offers in recent months, while prodding more users toward a new paid cloud subscription called Google One. That’s happening as the amount of data people stash online continues to soar.When people hit those caps, they realize they have little choice but to start paying, or risk losing access to emails, photos and personal documents. The cost isn’t excessive for most consumers, but at the scale Google operates, this could generate billions of dollars in extra revenue each year for the company. Google didn’t respond to an email seeking comment.A big driver of the shift is Gmail. Google shook up the email business when Gmail launched in 2004 with much more free storage than rivals were providing at the time. It boosted the storage cap every couple of years, but in 2013 it stopped. People’s in-boxes kept filling up. And now that some of Google’s other free storage offers are shrinking, consumers are beginning to get nasty surprises.“I was merrily using the account and one day I noticed I hadn’t received any email since the day before,” said Rod Adams, a nuclear energy analyst and retired naval officer. After using Gmail since 2006, he’d finally hit his 15 GB cap and Google had cut him off. Switching away from Gmail wasn’t an easy option because many of his social and business contacts reach him that way.“I just said ‘OK, been free for a long time, now I’m paying,’” Adams said.Other Gmail users aren’t so happy about the changes. “I am unreasonably sad about using almost all of my free google storage. Felt infinite. Please don’t make me pay! I need U gmail googledocs!,” one person tweeted in September.Some people have tweeted panicked messages to Google in recent months as warnings about their storage limits hit.One self-described tech enthusiast said he’s opened multiple Gmail accounts to avoid bumping up on Google’s storage limits.Google has also ended or limited other promotions recently that gave people free cloud storage and helped them avoid Gmail crises. New buyers of Chromebook laptops used to get 100 GB at no charge for two years. In May 2019 that was cut to one year.Google’s Pixel smartphone, originally launched in 2016, came with free, unlimited photo storage via the company’s Photos service. The latest Pixel 4 handset that came out in October still has free photo storage, but the images are compressed now, reducing the quality.More than 11,500 people in a week signed an online petition to bring back the full, free Pixel photos deal. Evgeny Rezunenko, the petition organizer, called Google’s change a “hypocritical and cash grabbing move.”“Let us remind Google that part of the reason of people choosing Pixel phones over other manufacturers sporting a similar hefty price tag was indeed this service,” he wrote.Smartphones dramatically increased the number of photos people take -- one estimate put the total for 2017 at 1.2 trillion. Those images quickly fill up storage space on handsets, so tech companies, including Apple Inc., Inc. and Google, offered cloud storage as an alternative. Now those online memories are piling up, some of these companies are charging users to keep them.Apple has been doing this for several years, building its iCloud storage service into a lucrative recurring revenue stream. When iPhone users get notifications that their devices are full and they should either delete photos and other files or pay more for cloud storage, people often choose the cloud option.In May, Google unveiled Google One, a replacement for its Drive cloud storage service. There’s a free 15 GB tier -- enough room for about 5,000 photos, depending on the resolution. Then it costs $1.99 a month for 100 GB and up from there. This includes several types of files previously stashed in Google Drive, plus Gmail emails and photos and videos. The company ended its Chromebook two-year 100 GB free storage offer around the same time, while the Pixel free photo storage deal ended in October with the release of the Pixel 4.Gmail, Drive and Google Photos have more than 1 billion users each. As the company whittles away free storage offers and prompts more people to pay, that creates a potentially huge new revenue stream for the company. If 10% of Gmail users sign up for the new $1.99 a month Google One subscription, that would generate almost $2.4 billion a year in annual, recurring sales for the company.Adams, the Gmail user, is one of the people contributing to this growing Google business. $1.99 a month is a relatively small price to pay to avoid losing his main point of digital contact with the world.“It’s worked this long,” Adams said. “I didn’t want to bother changing the address.”To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Alistair Barr, Andrew PollackFor more articles like this, please visit us at©2019 Bloomberg L.P.


    A Strategy That Can Diversify Your Portfolio and Beat S&P 500 Index Funds

    Unfortunately, many advocates of total market funds don’t realize they aren’t fundamentally different from S&P 500 (SPX) funds. As you probably know, the S&P 500 is made up of 500 of the largest publicly traded companies in the United States.

  • Global Tech Fund Manager Bets on Samsung Over Apple and Alphabet

    Global Tech Fund Manager Bets on Samsung Over Apple and Alphabet

    (Bloomberg) -- A top-performing global technology fund manager has raised bets on Samsung Electronics Co., making the stock the number one holding in his portfolio, ahead of Apple Inc. or Alphabet Inc.Hyunho Sohn, portfolio manager at FIL Investment Management whose Fidelity Global Technology fund runs about $4.8 billion of assets, said he has been adding positions in the world’s largest memory-chip maker since late 2018. He interpreted the sharp plunge in Samsung’s share price toward the end of that year as an opportunity, and he believes in the long-term growth of the tech giant.“If you ask me why I bought the stock, while the chip cycle was experiencing a downturn, I’d say I have faith in its fundamentals from a long-term perspective,” Sohn said in a telephone interview from London. “Samsung is a typical example of my strategy, which is buying an undervalued stock that the market participants hate temporarily.”Read about Bloomberg Intelligence’s take on the global chip sector hereHis fund, which holds about 60 global technology stocks, has beaten 98% of its peers with an annualized return of about 20% over the past five years, according to Bloomberg-compiled data. The fund’s top five holdings also include Alphabet, Apple, Intel Corp., and Microsoft Corp.The potential growth in demand for memory chips is apparent in the growing needs of cloud storage and service providers alongside the artificial intelligence industry that needs data storage, he said, adding he is also watching the development of 5G networks, which may drive demand for memory chips. Compared with global tech stocks, valuations of Samsung are “still attractive,” he added.Read more: Samsung’s Stock Is Signaling a Bottom for the Global Chip MarketAlthough Samsung’s forward price-to-earnings ratio of 12.6 times is not cheap compared with its historical average, it still lags Micron Technology Inc.’s 14.7 times and Taiwan Semiconductor Manufacturing Company’s 18.6. On forward price-to-book terms, Samsung is trading at 1.2 times, lower than almost all of its peers.Shares of Samsung have risen about 30% this year as overseas investors bought net 4.3 trillion won ($3.6 billion) of shares, the most sought-after stock on Korea’s KOSPI benchmark this year.Read more: TSMC’s $15 Billion Splurge Galvanizes Hope of 5G-Led ReboundTo be sure, it’s not all rosy for the memory chip sector. Micron, the third-largest player in the industry, released disappointing sales forecasts last month. And Samsung’s third-quarter preliminary earnings guidance announced earlier this month is less than half of its operating profits a year earlier. Chip prices have also been mixed. Contract prices for 32-gigabyte DRAM server modules fell 13.8% in the third quarter from the previous three-month period, while those for 128-gigabit MLC NAND flash memory chips rose 12.3%, according to inSpectrum Tech Inc.“I know we don’t see clear signs of recovery in the memory chip industry yet,” Sohn said. “But for me, based on valuations, long-term growth potential, and balance sheet metrics like free cash flow, Samsung is a stock that I am comfortable with having large positions in. I still see an upside for the stock.”(Adds Sohn’s comment on 5G in paragraph after the first chart)To contact the reporter on this story: Heejin Kim in Seoul at hkim579@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at, Vlad SavovFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • The CEO of this robo-taxi company believes it has the inside track on rivals

    The CEO of this robo-taxi company believes it has the inside track on rivals

    The Silicon Valley company has been steeped in secrecy for most of its five years of existence. Few have seen its electric car, described in a Bloomberg report as a “carlike robot about the size and shape of a Mini Cooper.”

  • How Jokowi Became Indonesia's Accidental Tech Star

    How Jokowi Became Indonesia's Accidental Tech Star

    (Bloomberg Opinion) -- When political outsider Joko Widodo was first sworn in as Indonesia’s president five years ago, a little company called PT GO-JEK Indonesia was barely known. Their rise together since then has broken a technology barrier that was holding back the world’s fourth-most-populous country and promises the chance for a better future.Jokowi, as he’s known, is starting his second term with the dramatic, yet pragmatic, appointment to his cabinet of Nadiem Makarim, the chief executive officer and co-founder of what’s now called Gojek, which has gone from ride-hailing novelty to one of the engines of tech transformation in Indonesia.At the time of Jokowi’s first presidential run, his tech ambitions centered on attracting device manufacturing in a bid to diversify the economy away from dependency on mining and energy. Then governor of Jakarta, he worked hard to lure Taiwan’s Foxconn Technology Group to build a factory to manufacture iPhones and create thousands of jobs.A deal signed with Foxconn Chairman Terry Gou in February 2014 to invest $1 billion into Indonesia amounted to a de facto endorsement of Jokowi’s economic chops, helping the former furniture maker win election as Indonesia’s first president who didn’t hail from the traditional elite or the military.The Foxconn investment never materialized. But it never really had an impact on Jokowi’s standing as the development of Indonesia’s technology sector came from a very different direction. A play on the word ojek, or motorcycle taxi, Gojek was mostly operating as a call center for courier deliveries and motorbike rides when Jokowi took office. Three months later, Gojek launched the mobile app that would make it one of Southeast Asia’s biggest startups, with a valuation of around $10 billion.Today, Gojek offers ride hailing, food delivery, payments and a host of other digital products not just in Indonesia, a nation of some 265 million people, but throughout the region. More importantly for Jokowi, it has more than 2 million drivers and 400,000 merchants on its platform — creating far more jobs and livelihoods than an iPhone factory ever could.In Indonesia, Gojek is now a national champion. Its riders vie on Jakarta’s notoriously crowded streets with those of Singapore-based rival Grab Taxi Holdings Pte, both of them oddly liveried in green and black. They notably upended Uber Technologies Inc.’s expansion into Southeast Asia and are vigorously competing around the region, total population nearly 650 million.Now, Gojek will have a man on the inside. Harvard-educated Makarim, 35, resigned from the company Monday in order to join the cabinet, portfolio to be determined. The appointment is in line with Jokowi’s goal of bringing industry professionals and millennials into the inner circle. It’s hard to discern who’s the bigger winner. Imagine Mark Zuckerberg resigning from Facebook Inc. to join President Donald Trump’s cabinet. Neither carries the baggage of their American counterparts. But Makarim is a political novice and risks becoming just one more pawn in the constant maneuvering that consumes Indonesian governments.Jokowi set policies in motion early in his first term to open the economy. They have had mixed success. A deep streak of economic nationalism has long frustrated foreign direct investors. Growth has chugged along at a steady 5% for years. He has struggled against entrenched interests. Yet at a time when regulators and traditional taxi companies worldwide were pushing back against ride-hailing companies, Jokowi’s government refused to crush them. His biggest contribution may have simply been to get out of Gojek’s way. Being a local favorite hasn’t hurt Gojek. It now has a coveted e-money license, allowing it to offer financial services to millions of customers who don’t have a bank account or credit card. Grab now gets around this by teaming up with local partner OVO.Gojek isn’t alone in Indonesia’s expanded tech universe. Online travel provider Traveloka, e-commerce company Tokopedia and online marketplace Bukalapak have all become unicorns. From $8 billion in 2015, the internet economy grew to $40 billion this year and will triple again to $130 billion by 2025, according to a research report from Alphabet Inc.’s Google, Temasek Holdings Pte and Bain & Co.The common element: Each operates in a space called O2O, or online-to-offline. They leverage internet technology to deliver physical-world services, helping people eat, shop, and travel in a nation where infrastructure is unevenly parceled out across 18,000 islands straddling the Indian and Pacific oceans.A strong and viable digital services economy employing millions was an accidental achievement of Jokowi’s first term. It may not be enough to sustain future economic growth, however. The president and the entrepreneur will need to sit down and write the second act.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Spotify, Google Count On Same Partner as Competition Rages
    Market Realist

    Spotify, Google Count On Same Partner as Competition Rages

    As they fight for control of the music streaming market, Spotify and Google have found themselves counting on the same partner to help them succeed.

  • Bloomberg

    Five Months After Huawei Export Ban, U.S. Companies Are Confused

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Five months after the Trump administration blacklisted China’s Huawei Technologies Co., its business seems alive and well while American firms still don’t know whether they can work with the Chinese company or not.The Department of Commerce in May added Huawei to what’s known as the entity list in an effort to block U.S. companies from selling components to China’s largest technology company, which it accuses of being a threat to America’s national security. Huawei has denied those claims.Despite those actions, Huawei reported last week that its revenue grew 24% in the first ninth months of 2019, boosted by a 26% jump in smartphone shipments. There are also signs that U.S. efforts to block the company from the development of 5G technology have yet to make a big dent: Huawei said it has signed more than 60 5G commercial contracts to date worldwide.LicensesThe entity listing, which requires American firms to obtain a government license in order to sell to blacklisted firms, has caused complications for U.S. companies.Tech leaders and their lawyers have argued for months in closed-door meetings with Trump administration officials that the blacklisting of Huawei, one of their biggest customers, is detrimental to their businesses. Many industry executives are confused about the administration’s end goals and haven’t been able to get clarity on when license approvals will be offered despite those discussions, according to several people familiar with the matter.President Donald Trump said in June after meeting with Chinese President Xi Jinping in Osaka that he’d “easily’’ agreed to allow American firms to continue certain exports to Huawei. Weeks later Trump said he’d accelerate the approval process for licenses but none have been granted so far. The president as recently as this month green-lit the approval of licenses in a meeting with advisers, according to people familiar with the matter, but an announcement has yet to be made.The Commerce Department, in a statement, said it has received more than 200 license requests about Huawei and its affiliates. “Given the complexity of the matter, the interagency process is ongoing to ensure we correctly identified which licenses were safe to approve,” according to the statement. “Moreover, the Temporary General License remains in effect and was recently renewed.”Sales ImpactMicron Technology Inc.’s Chief Executive Officer Sanjay Mehrotra said in September that the lack of decision on its license applications could result in a worsening decline in sales over the coming quarters. The company gave a disappointing quarterly profit forecast last month, pointing in part to the Huawei restrictions. Broadcom Inc. in June also slashed its annual forecast, citing the U.S.-China trade war and disruption to its relationship with Huawei.One of the industry’s main arguments for allowing shipments of non-national security sensitive items is that Huawei can buy some of those components from competitors around the world, including South Korea, Japan and Taiwan.“Unless the ban succeeds in ‘killing’ Huawei, the result will be reduced U.S. global market share in a number of technology areas, something that will hurt, not help U.S. tech competitiveness,’’ said Robert Atkinson, president of ITIF, a Washington-based think tank.WorkaroundsSome firms have resumed shipments to Huawei even without a verdict on license requests. After a closer look at the rules since May, they determined they could continue supplying products based on an export control law. The rule doesn’t subject a product or service to the entity listing’s constraints if a company can prove that a piece of technology owes less than 25% of its origins to U.S.-based activities.Micron in June said it had resumed some memory chip shipments to Huawei. Intel Corp., the U.S.’s biggest chipmaker with plants in Oregon, New Mexico and Arizona, has as well. The company also has facilities in Ireland, Israel and China -- enabling it to argue that a chunk of the intellectual property in its chips isn’t created in the U.S.“We know many U.S. companies continue to ship to Huawei but do so using murky workarounds by way of other countries and third parties,’’ said Samm Sacks, a cybersecurity fellow at New America, a think tank. “It’s questionable whether the Huawei ban has helped U.S. national security so much as created a messy tangle of new problems.’’James McGregor, chairman of consulting firm APCO Worldwide’s greater China region, said he’s focused on what unintended consequences may result from the White House’s actions.“I’m worried about tech companies decoupling from America over time by removing some of their operations from the U.S.," McGregor said in an interview with Bloomberg Television Monday. “They have to look out for the long-term disruption of their business.”Atkinson cautioned not to over-interpret Huawei’s sales figures because the company has been stockpiling supplies for a while, in anticipation of the U.S. action. He said fourth quarter sales will be a more accurate indicator of the export ban’s impact, or whether the company has largely circumvented it.Huawei has said it expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, in part because Google can no longer supply Android updates and apps from Gmail to Maps for the Chinese company’s newest handsets.U.S.-China DealTrump has indicated on various occasions that he’d be willing to consider removing the ban on Huawei for better terms in a trade agreement, drawing sharp criticism from China hawks on Capitol Hill.With the U.S. reaching a “phase one’’ deal with China earlier this month, the big question now is whether Trump will consider removing Huawei from the entity list or ease restrictions. When announcing the accord on Oct. 11, the administration said the issue wouldn’t be part of this initial pact but that it could be a part of phase two.(Updates with comments from McGregor.)To contact the reporters on this story: Jenny Leonard in Washington at;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Margaret Collins at, Brendan MurrayFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Trade Euphoria Drives Stock Market Higher; Apple, Other FAANG Stocks Climb
    Investor's Business Daily

    Trade Euphoria Drives Stock Market Higher; Apple, Other FAANG Stocks Climb

    The stock market continued strong in late trading as earnings remained strong and a top China official made positive comments about trade talks.

  • UPS has a new flight path — drone home delivery
    Yahoo Finance

    UPS has a new flight path — drone home delivery

    UPS announced the expansion of its Flight Forward drone delivery subsidiary which includes the University of Utah Health Network and CVS Pharmacies.

  • Netflix is now a ‘don’t touch’ stock for investors

    Netflix is now a ‘don’t touch’ stock for investors

    FAANG stocks are popular. • Over a long stretch, Netflix’s stock significantly outperformed the Dow Jones Industrial Average (DJIA) S&P 500 Index (SPX) and the Nasdaq-100. • Netflix had been the darling of FAANG stocks.

  • Zuckerberg introduces Facebook Protect, Pixel 4 reviews are out

    Zuckerberg introduces Facebook Protect, Pixel 4 reviews are out

    Today's major tech stories include Mark Zuckerberg's promise to improve the fight against inauthentic behavior on Facebook, Pixel 4 reviews hitting and Google's promise to require open eyes for its face unlock technology.