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00:00HAIDI: GOOD MORNING AND WELCOME TO "DAYBREAK AUSTRALIA." WE ARE COUNTING DOWN TO ASIA'S MAJOR MARKET OPEN. SHERY: AND GOOD EVENING FROM NEW YORK. HAIDI: WALL STREET HITS NEW HIGHS FOR A THIRD STRAIGHT DAY. INVESTORS REMAIN OPTIMISTIC ABOUT A VACCINE WHILE BETTING THAT THE FED -- THEY GO FOR A TWIN IPO IN HONG KONG AND SHANGHAI. IT INCLUDES VALUATION OF $225 BILLION, MORE THAN ARAMCO'S RECORD SALE. AND POLENTA HERE IS ALSO GOING PUBLIC. THERE WERE NONE THE MOST VALUABLE PRIVATE COMPANIES. IT COULD BE SILICON VALLEY’'S BIGGEST LISTING SINCE UBER. SHERY: WE ARE SEEING U.S. FUTURES COMING ONLINE MUCH FLAT AFTER WE HAD MAJOR U.S. BENCHMARKS ENDING THE NEW YORK SESSION MIX. MIXED ECO-DATA AND INVESTORS ARE WAITING FOR FED CHAIR POWELL'S SPEECH THURSDAY ABOUT THE LONG-AWAITED FRAMEWORK REVIEW. DOW WAS PRESSURED DOWN .2%, DECLINING FOR THE FIRST TIME IN FOUR DAYS. S & P 500 SWUNG BETWEEN GAINS AND LOSSES BUT MANAGED TO REACH AN ALL-TIME HIGH FOR THE THIRD CONSECUTIVE SESSION. SIX SECTORS WERE HIGHER, FIVE LOWER. ENERGY WAS ACTUALLY A DRAG ON THE S & P 500. TAKE A LOOK AT WHAT OIL IS DOING. PRETTY MUCH FLAT RIGHT NOW. THIS OF COURSE AFTER SURGING TO THE HIGHEST LEVEL SINCE MARCH. NOT TO MENTION GASOLINE FUTURES WERE ALSO AT THE HIGHEST LEVEL IN FIVE MONTHS. WE HAVE HURRICANE LOWER RATTLING TOWARDS THE U.S. GULF COAST. MORE THAN 80% OF OIL OUTPUT IN THE GULF OF MEXICO HAS BEEN SHUT DOWN. OF COURSE ALSO REACTING TO POTENTIAL ECONOMIC NEWS AND WHAT THE U.S. ECONOMY MIGHT LOOK LIKE. NEW HOME SALES JUMP INTO THE HIGHEST LEVEL IN ALMOST 14 YEARS IN JULY. HAIDI: YEAH. MOSTLY MIXED TO LOWER START WHEN IT COMES TO THE ASIAN SESSION, DESPITE THOSE RECORD HIGHS NOTCHED FOR A THIRD STRAIGHT SESSION IN THE U.S. S & P AS WELL AS NASDAQ STOCKS. WE ARE SEEING TRADING TO THE DOWNSIDE OF ABOUT .2% WHEN IT COMES TO TRADING IN NEW ZEALAND. RESUMING NUMERAL NORMAL TRADING. OFFSHORE ACCOUNT HITTING THE SERVICE PROVIDER. WE HAVE SEEN KIWI STOCKS NEARING THE RECORD HIGH WHEN THE ATTACK OCCURRED. WE WILL BE WATCHING TO SEE IF A FRESH HIGH IS NOTCHED LATER. NIKKEI SEEING PRETTY FLAT TRADING AT THE MOMENT. SYDNEY FUTURES OFF BY ABOUT .6%. WHITEHAVEN COAL AMONG ONE OF THE BIG EARNINGS NAMES TO BE ANNOUNCING LATER TODAY. THE AUSSIE DOLLAR HOLDING AT 7193. IN TERMS OF WHAT WE ARE WATCHING, THE HEADLINE WILL BE THE BANK OF KOREA MONETARY POLICY DECISION, AS WELL AS GETTING BACK TO THE OIL PATCH EARNINGS OF PETROL CHINA AND OTHER MAJOR OIL PLAYERS IN CHINA. AS WE MENTIONED EARLIER, THEY FILED FURTHER LONG-AWAITED IPO, A JOINT LISTING IN HONG KONG AND SHANGHAI. IT COULD POSSIBLY BE ONE OF THE BIGGEST DEBUTS IN YEARS, IF NOT EVER. STEPHEN ENGLE IS TAKING A CLOSER LOOK AND JOINS US FROM HONG KONG. OF COURSE THIS IS HIGHLY IT'S THE CROWN JEWEL OF THEIR ASSETS. WHAT DO WE KNOW ABOUT THIS DEBUT? STEPHEN: IT IS GOING TO BE BIG. THAT IS WHAT I CAN SAY. PEOPLE FAMILIAR SAYING THAT COULD BE AIMING FOR AN IPO OF ABOUT $30 BILLION U.S. THE SAUDI ARAMCO IPO WAS THE RECORD AT THE TIME FOR $29 BILLION. AND THE NUMBERS ARE STAGGERING. IF YOU LOOK AT ANT'S ALIPAY AND OTHER REVENUE-GENERATING SERVICES FROM ANT FINANCIAL, THIS IS A COMPANY THAT HAD $17 TRILLION IN TRANSACTIONS IN THE YEAR THROUGH JUNE. 118 TRILLION YUAN. ANT IN ITS FILING SAYS IT WILL ISSUE NO LESS THAN 10% NEW SHARES OF TOTAL CAPITAL. THIS IS A FIRM THAT GENERATED $10.5 BILLION IN REVENUE IN THE FIRST HALF OF THIS YEAR. AS YOU SAID, IT IS THE CROWN JEWEL OF ALIBABA. ALIBABA OWNS 33% AS THE LARGEST STAKEHOLDER. AS FAR AS BREAKING OUT WITH OLLIE PAY -- ALIPAY, THE APP HAS MORE THAN ONE BILLION USERS. MORE THAN 80 MILLION MERCHANTS, MOSTLY IN CHINA, USE ALIPAY. IT'S DIGITAL PAYMENTS BUSINESS AS THE HITS SATURATION IS STARTING TO LOSE A LITTLE STEAM, BUT THEN BEING TAKEN UP BY SOME REVENUE FROM TECHNOLOGY SERVICES. THAT IS WHAT YOU'RE GOING TO SEE MORE OF AN EVOLUTION THAT WAY AS THE ACTUAL TRANSACTION VOLUME IS SATURATED. THEY SAY PROCEEDS BE USED TO EXPAND CROSS-BORDER PAYMENTS. BUT THAT POTENTIALLY IS ANOTHER BUGABOO FOR ALIBABA'S OVERALL EMPIRE AS IT IS SHRINKING ITS FOOTPRINT IN THE U.S. BECAUSE OF THE U.S.-CHINA TENSION. SHERY: NOT SURPRISING THAT AUNT DECIDED AGAINST LISTING IN THE U.S., DESPITE THE FACT THAT ALIBABA IS LISTED IN NEW YORK. STEPHEN: YEAH. ALIBABA OF COURSE IS LISTED IN NEW YORK. IT ALSO HAS THAT SECONDARY LISTING LAST YEAR, $13 BILLION U.S. IN HONG KONG. BUT OF COURSE CHINESE COMPANIES LISTED IN THE U.S. UNDER INCREASED SCRUTINY BY THE TRUMP MINISTRATION. WE HAD THAT STATE DEPARTMENT LETTER URGING THEM TO DIVEST THEIR HOLDINGS BECAUSE THESE COMPANIES ARE GOING TO COME UNDER INCREASED SCRUTINY, POSSIBLE RESTATING OF FINANCIALS. POSSIBLE DELISTING FOR SOME COMPANIES WHICH ARE FOUND TO BE FRAUDULENT. AGAIN, JUST MORE SPECULATION THAT THE TRUMP ADMINISTRATION WILL COME DOWN HARD ON CHINESE-LISTED COMPANIES IN THE UNITED STATES. BUT AGAIN, THE BIG WINNER HERE IS HONG KONG, THE SHANGHAI MARKET, AND THE U.S. BANKS THAT ARE GOING TO BE HANDLING THIS IPO, AS WELL AS THOSE U.S. PRIVATE EQUITY FIRMS THAT INVEST IN ANT GROUP. SHERY: STEPHEN ENGLE WITH THE LATEST THERE. LET'S NOT GET A CHECK OF THE FIRST WORD HEADLINES WITH KARINA MITCHELL. KARINA: FIRST LADY MELANIA TRUMP HEADLINE THE SECOND NIGHT OF THE REPUBLICAN NATIONAL CONVENTION, SPEAKING FROM THE WHITE HOUSE ROSE GARDEN AFTER SECRETARY OF STATE MIKE POMPEO DELIVERS HIS PITCH FOR THE PRESIDENT'S REELECTION. THE THEME THIS YEAR IS LAND OF OPPORTUNITY. SHE WILL TALK ABOUT HER LIFE AS A MOTHER AND MAKE HER OWN CASE FOR HER HUSBAND EARNING ANOTHER FOUR YEARS. -- WINNING ANOTHER FOUR YEARS. THE OPENING NIGHT OF THE RNC DREW A FAR SMALLER AUDIENCE THAN THE DNC LAST WEEK, WITH NUMBERS TUMBLING ON EVERY MAJOR NETWORK. 15.8 MILLION PEOPLE TUNED IN MONDAY, 3 MILLION FEWER THAN WATCHED THE DEMOCRATS. TV WATCHING HAS BEEN SHRINKING AS VIEWERS INCREASINGLY SHIFT ONLINE. THE GOVERNOR OF WISCONSIN HAS DECLARED A STATE OF EMERGENCY AFTER VIOLENT PROTESTS FOLLOWING THE SHOOTING OF A BLACK MAN BY POLICE. TONY EVERS SAYS SYSTEMATIC RACISM AND INJUSTICE CANNOT CONTINUE. DAMAGE AND DESTRUCTION IS NOT THE OFFER -- ANSWER. JACOB LAKE WAS SHOT SEVERAL TIMES AND HIS FATHER SAYS HE IS PARALYZED FROM THE WAIST DOWN. DRILLERS IN THE GULF OF MEXICO ARE PULLING BACK AS A POWERFUL STORM HEADS TOWARDS THE TEXAS LOUISIANA COAST. HURRICANE LOWER IS FORECAST TO BE A CATEGORY THREE SYSTEM WITH THE POTENTIAL TO CAUSE BILLIONS OF DOLLARS IN DAMAGE AND HALT 12% OF U.S. OIL CAPACITY FOR MONTHS. WINDS ARE EXPECTED TO BE GUSTING UP TO 180 KILOMETERS AN HOUR AS IT ARRIVES -- GLOBAL NEWS 24 HOURS A DAY ON AIR AND ON BLOOMBERG QUICKTAKE, POWERED BY MORE THAN 2700 JOURNALISTS AND ANALYSTS IN MORE THAN 120 COUNTRIES. I'M KARINA MITCHELL. THIS IS BLOOMBERG. HAIDI: STILL AHEAD, SHARES OF COMMUNICATIONS PLATFORM PROVIDER WHISPIR HAVE MORE THAN TRIPLED THIS WEEK. WE WILL BE SPEAKING WITH THE CEO JEROMY WELLS. NEXT, ANOTHER DAY, ANOTHER RECORD HIGH FOR U.S. STOCKS. TALKING STRATEGY WITH VILERE. THIS IS BLOOMBERG. SHERY: LET'S GET OVER TO SOPHIE KAMARUDDIN IN HONG KONG FOR A CHECK OF THE MARKETS. SOPHIE: LOOKING AT A DOWN DAY FOR ASIAN STOCKS. KIWI STOCKS UNDER PRESSURE AS THE NZX HALTED TUESDAY BECAUSE OF A CYBERATTACK. NIKKEI FUTURES PRETTY FLAT WHILE THE YEN STAYS ABOVE 106. JP MORGAN SEES A TEMPORARY PUSH TOWARDS 100 FOR THE CURRENCY IF THERE IS A LEADERSHIP CHANGE IN BOTH THE U.S. AND JAPAN. IN AUSTRALIA WE ARE WATCHING THE SPACE, MOVING CLOSER TO SECURING FUNDS TO FINANCE ACQUISITIONS. THIS, AT A TIME -- MORE GOOD NEWS FOR PENSION HOLDERS IN AUSTRALIA. THE REBOUND THIS YEAR HAS GROWN THE PENSION TO ABOUT $2 TRILLION U.S. A SNAPSHOT OF THE LEADERS AND LAGGARDS IN U.S. STOCKS. RUSSELL 2000 STILL TRAILING A BIT. BVA AND MORGAN STANLEY SAYING IT WARRANTS CAUTION. STILL NOT GAINING SOLID TRACTION WITH TECH DOMINANCE CONTINUING AS STAY-AT-HOME PERSISTS. THEY ARE RECOMMENDING INVESTORS WITH HEAVY EXPOSURE TO BIG TECH REBALANCE INTO CYCLICAL AND VALUE STOCKS WHICH HAVE LAGGED, AND ARE EXPECTED TO SUPPORT THE NEXT LEG HIGHER. BUT COULD THIS BE ANOTHER HEAD FAKE OR EARNINGS PROSPECT ENTICING ECONOMIC RECOVERY? SHERY: OUR NEXT GUEST IS ALSO BETTING ON THE LAGGING OF SMALL CAPS. LARMAR VILLERE IS PARTNER AND PRO-FOLIO MANAGER AT VILLAREAL COMPANY. HE JOINS US -- VILLAREAL AND COMPANY. THIS EXEMPLIFIES WHAT IS HAPPENING IN THE MARKETS. SHOWING YOU APPLE'S VALUE CLOSE TO A SING THE ENTIRE VALUE OF THE RUSSELL 2000. WHO CAN BLAME INVESTORS FOR BETTING ON THESE GROWTH COMPANIES. THEY PROBABLY DRIVE TO MASSIVE DECLINES DURING THIS CORONAVIRUS PANDEMIC. AND YET YOU ARE SEEING OPPORTUNITIES ELSEWHERE. WHY? LARMAR: I CERTAINLY UNDERSTAND APPLE AND AMAZON AND SO FORTH, THEY ARE GREAT COMPANIES AND THEY HAVE GREAT BALANCE SHEETS. WE DO NOT THINK THEY ARE PARTICULARLY GOOD INVESTMENTS. YOU HAVE A MUCH BETTER SHOT AT FINDING SOME OF THESE LESS DISCOVERED SMALLER AND MID-CAP STOCKS THAT HAVE ROOM TO RUN AND ARE NOT PRICED TO PERFECTION AS SOME OF THE BIG TECH GUYS ARE. SHERY: SO WHERE ARE YOU SEEING THE OPPORTUNITIES? BECAUSE YOU ARE SEEING SMALL CAPS BUT THEY ARE NOT ALL CREATED EQUAL, ARE THE? LARMAR: THAT IS EXACTLY RIGHT. ESPECIALLY WITHIN SMALL-CAP, YOU HAVE TO BE VERY CAREFUL IN WHAT YOU PICK. ONE OF THE ONES THAT WE LIKE HERE IS A COMPANY CALLED LAI GAND, WHICH IS A PROFITING PHARMACEUTICAL COMPANY. WE LIKE IT IN GENERAL, BUT RIGHT NOW THEY PRODUCE SOMETHING CALLED -- THEY SELL TO MAKE REMDESIVIR. THAT IS A MOUTHFUL. YOU ARE AWARE, REMDESIVIR IS BEING USED HEAVILY AS A TREATMENT RECOVER 19. SO -- FOR COVID-19. SO I DO NOT THINK THE MARKET IS GIVING THEM CREDIT FOR THAT. UNLIKE BIG PHARMA WHERE ANY INDIVIDUAL DRUG IS NOT GOING TO NECESSARILY MOVE THE NEEDLE FOR A $2 BILLION MARKET CAP, THIS CAN REALLY BE MEANINGFUL. HAIDI: I WANT TO THROW UP A CHART TAKING A LOOK AT THE DIVERGENCE WHEN IT COMES TO FORTUNES IN THIS RALLY. THE RATIO BETWEEN BIG TECH AND U.S. SMALL-CAP NOW SITTING AT THE HIGHEST GAP WE HAVE SEEN SINCE THE DOT-COM BUST. WHAT DOES THIS TELL YOU WHEN THE NEWS FLOW IS PRETTY BENIGN, YET YOU HAVE TWO OF THE MAJOR STOCK MARKETS STILL HITTING FRESH MARKET HIGHS? LARMAR: I THINK A LOT OF WHAT WE ARE SEEING RIGHT NOW IS PEOPLE JUST PUMPING MONEY INTO BASICALLY THE S & P 500 INDEX AND THE NASDAQ. THAT IS REALLY COMPOUNDING THE SITUATION. SO YOU ARE SEEING A LOT OF RISE IN SOME OF THESE COMPANIES FOR NO REASON THAN THEY ARE ALREADY BIG, SO THE BIG GET BIGGER. I DO NOT THINK THAT IS A LONG-TERM SMART WAY TO PLAY THE MARKET. YOU'RE BETTER OFF LOOKING FOR VALUATIONS. I WAS ON THIS SHOW BACK IN JANUARY, THE FIRST NEWS STORIES OF COVID WERE STARTING TO TRICKLE IN, AND YOU ASKED ME IF WE SHOULD BUY THE DIP. IGNORANTLY, I SAID WE SHOULD, WHICH LOOKED FAIRLY MARANA FOR SEVERAL MONTHS. -- FAIRLY MORONIC FOR SEVERAL MONTHS. BUT INCREDIBLY, THINGS HAVE BOUNCEBACK. IT IS A LITTLE SCARY IN TERMS OF HOW QUICKLY IT HAPPENED. SO IT IS IMPORTANT TO NOT BLINDLY TELL YOU AND REALLY IMPORTANT TO NOT BLINDLY PICK INDIVIDUAL NAMES. HAIDI: I'M WONDERING WHEN IT COMES TO SOME OF THESE LEISURE, ENTERTAINMENT, AND PARTLY OPENING UP-RELATED COMPANIES, WHAT DO YOU NEED TO SEE IN TERMS OF ENDURING DATA ON CONSUMER SENTIMENT IN TERMS OF THE VIRUS DEVELOPMENT FOR YOU TO HAVE CERTAINTY ABOUT SOME OF THESE NAMES? LARMAR: CAESARS IS ONE WHICH OBVIOUSLY IS OUT-OF-FAVOR RIGHT NOW. EVERYONE IS TERRIFIED THE CASINOS HAVE BEEN EFFECTIVELY CLOSED DOWN. BUT THE KEY HERE IS THESE GUYS CAN BE PROFITABLE IN A VERY LOW CAPACITY. RIGHT NOW THEY ARE DOING ABOUT 50% IN THE WEEK IN HER HOTEL AND 70% ON THE WEEKENDS. BUT THEY CAN MAKE MONEY AT 25% OCCUPANCY IN THE CASINO. THEY DO A REALLY NICE JOB OF BRINGING IN THE MOST PROFITABLE FOLKS. EVEN IN THEIR LAGGARD CASINOS RIGHT NOW, THEY ARE GENERALLY PROFITABLE CASH FLOWS. YOU ARE ABLE TO GET CASH FLOWS EVEN WITHOUT A LOT OF BARS AND RESTAURANTS OPEN OR CONVENTION TRAFFIC. THEY CAN STILL MARCH FORWARD. THIS ONE WAS PURCHASED BY EL DORADO. THAT TEAM HAS DONE AN INCREDIBLE JOB HISTORICALLY OF SQUEEZING, GETTING BARRED -- BETTER MARGINS IN THEIR ACQUISITIONS. WE EXPECT THEM TO GO BEYOND THAT. WE THINK THEY WILL BE ABLE TO MAKE THIS THING EVEN MORE PROFITABLE. AS THINGS OPEN IT WILL BECOME A HUGE CASH FLOW. HAIDI: GREAT TO HAVE YOU WITH US. APPRECIATE YOUR TIME. LARMAR VILLERE, PARTNER AND PRO-FOLIO MANAGER AT VILLERE AND COMPANY. THE FOUNDER OF INTERACTIVE BROKERS EXPECTS A SHORT-TERM DROP FOR U.S. STOCKS IN EITHER A DEMOCRATIC OR REPUBLICAN ELECTION VICTORY SCENARIO. HE SPOKE ABOUT HOW HIS CLIENTS ARE BRACING FOR WHAT COULD BE A VERY VERY TELL -- VERY VOLATILE PERIOD AT. -- AHEAD. > > PEOPLE WHO ARE PREPARING FOR INCREASED VOLATILITY. I HOPE THAT THE MARKET IS GOING TO MOVE A LOT OF THE TIME. SOON ENOUGH IT WILL APPROACH A LEVEL AT WHICH SELLING WILL BE BETTER THAN BY. > > WHAT DO YOU SEE HAPPENING IN THE MARKET? WHAT LEVEL ON THE S & P 500, IF THERE IS A BLUE SUITE IN NOVEMBER? -- SWEEP IN NOVEMBER? THOMAS: I THINK THE MARKET WILL DROP IN NEITHER CASE. I THINK IN A BLUE SWEETP, -- SWEEP, IN THE SHORT-TERM THE MARKET WILL GO DOWN MORE. HOWEVER, I SEE A REPUBLICAN VICTORY TO BE MORE POSITIVE FOR THE MARKET, MOSTLY DRIVEN BY INFLATION. > > YOU MENTIONED CONCERNS ABOUT A BIDEN WIN IN THE PAST, GIVEN THAT HIGHER TAXATION, MORE CAPITAL GAINS TAXATION, MORE CORPORATE TAXES COULD CREATE A BIT OF AN IMPACT. HOW MUCH OF AN IMPACT TANGIBLY WITH THAT THE? -- WOULD THAT BE? THOMAS: FIRST OF ALL, MY COMMENT HAD NOTHING TO DO WITH VICE PRESIDENT BIDEN. IT HAD TO DO WITH THE CLOSER APPROACH TO SOCIALISM. WHAT HAPPENS UNDER SOCIALISM IS THE GOVERNMENT OPERATES THE ECONOMY INSTEAD OF MILLIONS OF INDEPENDENT INVESTORS AND BUSINESS PEOPLE WHO HAVE MUCH H IGHER MOTIVATION TO SUCCEED AND TO MAKE A PROFIT. WHAT IS EVEN WORSE IS THAT OFTEN SOCIALIST GOVERNMENTS FIND IT NECESSARY TO EMPLOY VERY HARSH TECHNIQUES TO REPRESS THIS VERY THOUGHT. AT LEAST THAT IS WHAT WE SAW IN EASTERN EUROPE WHEN I GREW UP, AND THAT IS WHAT WE SEE TODAY IN CUBA. > > SOCIALISM ASIDE, I'M WONDERING, YOU HAVE GIVEN TO THE TRUMP CAMPAIGN IN 2016. HAVE YOUR VIEWS ON PRESIDENT TRUMP CHANGED AT ALL OVER THAT PERIOD OF TIME? THOMAS: WELL, I HAVE NOT GIVEN MR. TRUMP A DONATION THIS YEAR. HOWEVER, I HAVE GIVEN OUT DONATIONS TO MANY, MANY REPUBLICAN CONTENDERS FOR THE HOUSE AND THE SENATE. > > ON THAT NOTE, I WANT TO SWITCH AND TALK A LITTLE ABOUT THE MARKETS. HOW DISCONNECTED ARE THEY FROM AN ECONOMY WITH 10% UNEMPLOYMENT? THOMAS: YOU'RE ASKING HOW THE MARKET PRICES ARE DISCONNECTED FROM THE ECONOMY? > > CORRECT. THOMAS: YEAH, WELL, ON THE ONE HAND THERE DISCONNECTED. ON THE OTHER HAND THEY ARE PUMPING ALL THIS MONEY INTO THE ECONOMY, INEVITABLY INFLATION WILL COME AND PRICES WILL RISE. ALONG WITH EVERYTHING ELSE, PRICES WILL RISE ALSO. SO IT'S HARD TO TELL WHETHER IT'S OVERDONE AT THIS POINT OR NOT. SHERY: NEXT, ONCE ONE OF THE MOST SECRETIVE IN SILICON VALLEY, PALANTIR IS NOW FINALLY GOING SHERY: ONE OF THE TECH WORLD'S MOST VALUABLE TECH COMPANIES IS PLANNING TO GO PUBLIC. PALANTIR -- HAIDI: HOW SIGNIFICANT IS THIS? > > THIS IS A HUGE DEAL. THIS IS A HYPER SECRETIVE SOFTWARE DATA ANALYTICS COMPANY. AS YOU SAID, COFOUNDED BY PETER THIEL 17 YEARS AGO. THEY HAVE NOT TALKED ABOUT HOW THEY OPERATE IN PART BECAUSE ABOUT HALF OF THEIR CUSTOMERS ARE IN THE GOVERNMENT. THAT HAS TRADITIONALLY BEEN THEIR STRONGHOLD. IN RECENT YEARS, THEY HAVE CREATED NEW SOFTWARE THAT ALLOWS THEM TO GO MORE TO CORPORATE CLIENTS TO GET THEM TO AGGREGATE DATA FROM ALL DIFFERENT PARTS OF THE INTERNET AND DIFFERENT DATA THEY HAVE ACCESS TO OR THEY USE. AGGREGATE IT IN ONE SPOT AND MINE IT FOR MEANING. THIS IS THEIR COMING OUT PARTY WHERE EVERYONE GETS THEIR FINANCIALS. AND IT WAS INTERESTING. SHERY: WHAT ARE WE EXPECTING IN TERMS OF THE LISTING ITSELF? WE ONLY KNOW THE TICKER WILL BE PLTR. WHAT WE KNOW ABOUT VALUATION OF THE COMPANY, AND SO FAR WHAT IS IN THEIR PERFORMANCE? LIZETTE: RIGHT. FIRST OF ALL, IT WILL BE A DIRECT LISTING. THIS IS A NEW MODEL. THEY FILED FOR IT YESTERDAY. THIS MEANS THAT THEY ARE NOT RAISING ANY MONEY ON THE LIST DIRECTLY. TRADITIONALLY, THERE HAS BEEN NO LOCKUP EITHER FOR EXISTING SHAREHOLDERS. IN PALANTIR'S CASE, THEY ARE RESTRICTING A SUBSTANTIAL AMOUNT OF STOCKS FROM BEING TRADED INITIALLY UNTIL AFTER THE REPORT THEIR FIRST YEAR TOTAL. WHAT WE FOUND OUT IS THAT IN 2019, ABOUT 47% OF THEIR REVENUE IS FROM THE GOVERNMENT, 53% WAS FROM CORPORATE CLIENTS. IN THE FIRST HALF OF 2020, WE SAW A REVENUE INCREASE ABOUT 49%. THEY ARE ON A GOOD GROWTH TRAJECTORY BUT THEY HAVE NEVER TURNED A PROFIT, NOT IN 17 YEARS . AND THEY MENTIONED THAT THEY STILL MIGHT NOT. SHERY: LIZETTE CHAPMAN, GREAT HAVING YOU WITH US WITH THE LATEST ON PALANTIR. APPLE IS SET TO LAUNCH ITS FIRST STORE IN INDIA NEXT MONTH, TAKING ADVANTAGE OF THE LOOSENING OF STRICT CURBS AGAINST FOREIGN DIRECT RETAIL. DIGITAL OUTLETS WILL BE -- APPLE PLANNED THE STORE AT LAST YEAR. ISRAELI DRUGMAKER TEVA SLUMPED IN NEW YORK ON REPORTS IT IS TO BE CHARGED WITH CONSPIRING WITH RIVALS TO FIX PRICES OF GENERIC MEDICINE. THE JUSTICE DEPARTMENT WILL MOVE AHEAD AFTER THEY EJECTED A DEAL THAT WOULD HAVE IMPOSED A FINE AND AN ADMISSION OF WRONGDOING. PLENTY MORE AHEAD ON "DAYBREAK AUSTRALIA." THIS IS BLOOMBERG. ♪ > > THEY KNOW WE CAN. SHERY: ONE OF THE PARTIES NATIONAL CONVENTION. THE THEME FOR DAY TWO OF REPUBLICAN CONVENTION AND OF OPPORTUNITY. SECRETARY OF TATE MIKE. DONALD TRUMP IS -- IS LINING EVERY NIGHT. STONE OR CAPITAL. BEFORE WE GET TO DAY TWO, LET ME START WITH THEY ONE -- WITH DAY ONE. DOES THAT MATTER GOING INTO NOVEMBER? > > SURE IT DOES. ALL OF THESE CONVENTIONS ARE DESIGNED TO GET MY -- GET MAC -- MAXIMUM EXPOSURE WITHOUT THE MEDIA ALTER EVERY REPORTER PUT THEY WANT TO GET US ANY IS BOTH CAN BEEN ARE DOWN, 30 PER OR A LITTLE LESS ON THE DEMO AT A -- DEMOCRATIC FIGHT. WE ARE IN A. -- PERIOD OF CORONAVIRUS THEY DON'T HAVE MISSED EXPECT SOME DROP-OFF. I THINK THE VIRTUALITY OF IT HAS BEEN RATE FOR -- RATE FOR ONLINE. THAT WING BETTER -- AT. > > BOB --. LONG BEFORE JOE BIDEN BECAME THE NOMINEE. THIS THAT IS NOT ANY NEW. I WOULD WIND OUT THE -- I WOULD'VE POINT OUT THE TRUMP $1 BILLION. THEY ARE HEAVILY INVESTED. IT IS IMPRESSIVE TO SEE HOW BIDEN NUMBERS HAVE THAT. HAVE THREE MORNING TO GO. SHERY: HOW HAS CHECK CHECK. . ASTHMA AS A PARTY. HAIDI: OUR CONTRIBUTOR, RICK DAVIS JOINING US THERE. FOR OUR SPECIAL COVER OF THE REPUBLICAN AND BEEN. LET'S IT YOUTUBERS -- THAT'S GET. KARINA: THE U.S. CONTAIN -- CONTINUES TO HAVE THAT. THERE ARE TIMES IN. ARIZONA HAS A CAN OF TRAVELER. NEW CASES IN FRANCE > > THE PRESIDENT OF THE U.S. CARE TO COUNT ON IRAN. FROM THING THE U.S. ABOUT -- UP TERRORIST. MIKE ON PALE. THEY HAD FRICTION -- RESTRICTIONS. IT IS NOT RELEVANT. SHE WANTS CANADA TO ADD -- ALLEGE THAT THEY VIOLATED INTERNET TRADE SANCTIONS. 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'M KARINA MITCHELL. SHERY: COMING UP, HURRICANE AURA LAURA. DRIVING GASOLINE AND OIL HIGHER. ASIAN IS. HAIDI: -- SHERY: YOU ARE WATCHING A BREAKOUT FAILURE. > > A DOWN DAY IN ASIA IT IS AN ISSUE IN THE U.S.. ASIA MALAISE OF A CAN. LET'S STRAIGHT THAT. ABOUT 2% OF TALK ON THE MS GUY ARE TREATING ABOUT THEIR 200 DAY MOVING AVERAGE. WE DO HAVE THE MOVING HIGHER UP. IT REMAINS IN ASIA COMPARED TO WHAT U.S. WHERE BIG TECH IS DOMINATING. AND THOSE ARE LAGGING. MARKET HAVE THE STOCK. WITCHING UP CHART ON THE TERMINAL, THERE IS A ROAD LIKE CAP U.S. YET AGAIN. WHILE STOCK CAPITAL, CONCERNS ARISING OVER A FOR 10 WITH ABOUT $1 TRILLION. SHERY: LET'S TURN TO THE COMMODITIES MARKET. A POTENTIAL HER -- POTENTIAL OR -- HURRICANE. TROPICAL OR STORM LAURA. LAURA WOULD ACTUALLY CAUSE UP TO $12 BILLION IN DAMAGE WHAT IS. > > UP TO A TEAM BILLION -- 18 BILLION. GASOLIKNE IS LOCATED IN THE U.S. WE ARE SEEING GASOLINE SORE. IT IS AT A FIVE ANTI-. -- FIVE MONTH HIGH. . OIL UP. GASOLINE AT THE COVID LEVEL -- PRE-COVID LEVEL. A LOT OF IT BECAUSE OF LAURA. IF TROPICAL. EXPECTED TO MAKE LANDFALL AS A CATEGORY HURRICANE. MAJOR REFINER OUT. THEY HAD BARELY -- HAS BEEN SHUT DOWN. MANY IN THE AREA BRACING FOR WHAT IS GOING TO BE A SEVERE HIT TO THE EMPRESS TRUCK THERE IN THE U.S. HAIDI: YOU MENTIONED GASOLINE PRICES. WHAT ARE THESE CONCERNS ABOUT SHORTAGES WE COULD TO YOUR SUPPLY? > > WE ARE SEEING IN THE FUTURES CONTRACT, AND THAT IS THE DIFFERENCE BETWEEN THE GASOLINE RENCONTRE ACT AND THE OUTER ON TRACK. THE WIDENING. ONE ANALYST SAYS THAT TELLS YOU THE MARKET IS CONCERNED ABOUT EXTREME SHORTAGES. I CAN LINK, -- SECONDLY, BUT CLOSE TO THE API REPORT THAT COMES OUT THE EVENING BEFORE THE WEEKLY GOVERNMENT INVENTORY REPORT IS SHOWING SHARP DROP IN BOTH GASOLINE AND OIL AGAIN. THAT IS AHEAD OF THE STORM. THAT HAS BEEN AS ANY OF THE REFINERIES HAVE SHUT DOWN THEIR PROCESS IN ADVANCE OF WHAT IS ACTIVE TO HIT THIS WEEK. THERE ARE CONCERNED THAT NEED TO BE CONFIRMED TOMORROW WHEN THE U.S. INVENTORY DATA COMES OUT POINT OUT EVEN THOUGH WE ARE BEING PRICES RISE, THE IMPACT ON PRICES THAT MAY BE AT ISSUE BECAUSE WHEN YOU LOOK AT THE SUMMER DRIVING CONDITIONS, THE DEMAND LEADING INTO THIS LETTER PLACE WE ARE IN, THEY HAVE VERY LOW. THE SPIKE IN PRICE MAY BE SHORT-LIVED. EVERY THING DEPENDS ON THE NECK 48 HOURS. -- NEXT 48 HOURS. STORMS CAN SHIFT THEIR AIM AT ANY MOMENT. WE ARE ALL NOT QUITE CLEAR WHERE IT WILL HAVE BECAUSE. TO BE THE TARGET. HAIDI: SU KEENAN IN NEW YORK. WES ENERGY SECRETARY HAS TOLD BLOOMBERG HOW PREPARED AT THE GOVERNMENT AND INDUS WE ARE FOR HURRICANE LAURA. HE SHARED HIS VIEWS ON THE ROLE IN BLACKOUTS JEWISH CALIFORNIA. > > WE ARE VERY PREPARED FOR THE HURRICANE. SEEMINGLY MOVING INTO THE EASTON SOFT'S LOUISIANA AREA AREA THE BIG REFINERIES DOWN THERE ROLE OTHER IN HIS OF OUR OIL AND ASSET INFRASTRUCTURE ARE DOWN THERE. WE HAVE A SPECIALIZED DEPARTMENT THAT IS DIRECT DID BY AN ASSIST IN SECRETARY RESPONSIBLE OR OUR 13 ARE ALREADY EVALUATING THIS. WORKING WITH THE INDUS. WE WILL THE END AS WELL PREPARED FOR THIS DORM. IN ADDITION TO THAT, THE PRESIDENT HAS DIRECT TO MAKE AVAILABLE THOSE TEACHING DESERVE IN IN IS LIKE THIS. THAT IS WHAT IT IS THEREFORE. WE ARE DOING ALL WEEK AND TO ENSURE WE ARE A BUBBLE OF DOING THAT. WE FEEL OVERALL WE ARE VERY PAIRED. WE WILL HAVE TO WATCH AND WAIT AND BEWARE THE ARM AND. > > LET'S MOVE TO CALIFORNIA. WHERE THERE HAVE IN BROWNOUTS. BECAUSE IT HAS AN HOT. WHAT HAS BEEN GOING ON? > > ABSOLUTELY THERE IS NO. AUSTIN ABOUT IT. CALIFORNIA HAS A LONG HISTORY OF GETTING ENERGY POLICIES WRONG THERE THE BLACKOUT, BROWNOUT FROM 20 -- ROOM 2001. THERE WAS A MARKET IS NEW IN THAT POINT IN TIME WHERE PEOPLE WERE MANIPULATING THE MARKET THAT THEY WERE MANIPULATING IT BECAUSE OF THE WRONG THAT CALIFORNIA CHOSE TO IMPLEMENT. WE ARE AN THAT REPLAY TODAY. WHAT CALIFORNIA HAS DECIDED TO DO IS MOVE TO A 100 THE CHALLENGE WITH THAT IS WHEN THE WIND DOES NOT BLOW AND THE BUN DOES NOT SHY -- SHINE, PEOPLE WANT TO LOOK THE CITY. THERE'S DATA G IS TO BORROW ALIKE OR BY ALIKE FROM NEIGHBORING DATES LIKE ARIZONA AND NEVADA. THE CHALLENGE WITH THAT DATA IS WHEN IT IS HOT CALIFORNIA BUT SOMETIMES IT IS HOT AND ARIZONA AND NEVADA THEY MADE THEIR LIKE CITY BECAUSE THEY WOULD LIKE THEIR HOSPITALS TO RUN JUST FINE AND AIR CONDITIONING TO WORK AS WELL. THERE IS NOTHING TO SELL TO CALIFORNIA. THAT LEAVES CALIFORNIA IN THE POSITION OF HAVING TO TURN OFF THE LIGHTS IN CERTAIN PARTS OF THE STATE TO MEET THEIR ENERGY NEEDS. > > THAT TAKES US TO THE FUNDAMENTAL FORK IN THE ROAD. BETWEEN DEMOCRATS AND REPUBLICANS OVER RENEWABLES AND AVOIDING EMISSIONS ON THE ONE HAND AND RELYING UPON FOSSIL FUELS FOR ENERGY INDEPENDENCE THAT I DESCRIBED. AT THE SAME TIME, THE PEW CENTER DID A STUDY IN JUNE AND SAID 60% OF AMERICANS ARE CONCERNED ABOUT CLIMATE. I WILL SAY IT HEAVILY SKEWS TOWARDS DEMOCRATS. DEMOCRATS AND REPUBLICANS SEE THIS AS DIFFERENTLY. CAN WE HAVE A BIPARTISAN ENERGY POLICY IN THIS COUNTRY? > > SURE YOU CAN. NATURAL GAS IS A CLEAN SOURCE. WE ARE DEVELOPING TECHNOLOGIES AT THE U.S. DEPARTMENT OF ENERGY TO MAKE IT CLEANER. WE'RE ALSO DEVELOPING TECHNOLOGIES TO MAKE A CARBON AND -- CARBON INTENSE FUELS EVEN CLEANER. WE ALWAYS HAVE HAD NUCLEAR POWER FOR THE LAST SEVEN YEARS. WHICH IS ENTIRELY EMISSIONS FREE. YOU CAN DO BOTH. YOU CAN HAVE A WERE NOBLE GENERATION BASE AND YOU CAN HAVE AN EMISSIONS FREE BASELOAD GENERATION AVAILABLE TO YOU. YOU JUST HAVE TO CHOOSE TO DO IT. I THINK THAT IS WHAT THE FUNDAMENTAL PROBLEM IS IN PLACES LIKE CALIFORNIA. THEY HAVE RELIED HEAVILY OR FOCUSED HEAVILY ON RENEWABLE POWER LIKE WIND AND SOLAR AT THE EXCLUSION OF SOME OF THE BASELOAD POWER WHICH YOU ABSOLUTELY NEED IN TODAY'S WORLD TO ENSURE THAT YOU HAVE THE ENERGY YOU NEED WHEN YOU NEED IT. > > PRESIDENT TRUMP'S EYE MINISTRATION HAS DONE A FAIR AMOUNT IN TRYING TO, AS I SAY, REINFORCE DEPENDENTS FOR THE U.S., RELYING ON FOSSIL FUELS. WHAT IS LEFT TO BE DONE IF HE IS ELECTED FOR A SECOND TERM? WHAT IS ON YOUR AGENDA? > > WE NEED TO CONTINUE TO BUILD OUT INFRASTRUCTURE. AS YOU AND I HAVE DISCUSSED IN THE PAST, WE'VE DONE A GREAT JOB IN AMERICA, INCREASING OUR PRODUCTION, MAKING OURSELVES ENERGY INDEPENDENT, RELYING ON NEW TECHNOLOGIES OR NEWER TECHNOLOGIES LIKE HORIZONTAL DRILLING AND FRACKING, TO ALLOW US TO INCREASE PRODUCTION OF THESE RESOURCES IN THE UNITED STATES. OUR CHALLENGE TODAY IS GETTING THE PRODUCT TO MARKET. IT IS BUILDING OUT PIPELINE INFRASTRUCTURE TO GET IT TO THE OCEANS, TO THE COASTLINES. IT IS BUILDING EXPORT FACILITIES SO WE CAN MAKE THIS OIL AND GAS AVAILABLE TO THE REST OF THE WORLD. THEY WILL CONTINUE TO USE THESE FUELS FOR THE FORESEEABLE FUTURE. PERHAPS AS MANY AS 40 TO 50 YEARS OUT. HAIDI: THAT WAS U.S. ENERGY DOWN ROULETTE WITH OUR COLLEAGUE, DAVID WESTIN. WE HAVE TRADE NUMBERS OUT OF NEW ZEALAND FOR THE MONTH OF JULY. PRETTY MONK -- PRETTY MUCH ON EXPECTATIONS WHEN IT COMES TO IMPORTS AND EXPORTS. IMPORTS AT $4.63 BILLION. THE 12 MONTH YEAR TO DATE TRADE BALANCE NARROWING TO STILL A TRADE DEFICIT OF 115 MILLION WITH A TRADE BALANCE FOR JULY OF 282 MILLION. LOWER THAN EXPECTATIONS. WE ARE GETTING BREAKING NEWS WHEN IT COMES TO CORONAVIRUS NUMBERS OUT OF VICTORIA, REPORTING 24 COVID-19 DEATHS IN THE PAST 24 HOURS AS WELL AS 140 NINE NEW COVID-19 CASES. CONTINUING TO SEE THAT TREND LOWER. WE HAVE A CHAT WITH THE CEO OF CLOUD COMMUNICATIONS FIRM, WHISPER. JEREMY WELLS JOINS US AND THEY REPORTED EARNINGS THAT THE STOCK HAS JUMPED OVER 200% THIS YEAR. THIS IS BLOOMBERG. ♪ HAIDI: IT HAS GROWN RAPIDLY IN THE PAST FIVE YEARS AND WITH US, IS AN EMERGENCY PLAYER. HE PROVIDES AUTOMATIC -- SOMETHING THAT IS BOOMING WITH SOCIAL DISTANCING AND REMOTE WORKING TRENDS. AFTER A SHAREPRICE RISE OF 210% TODAY, THEY HAVE REPORTED FOR YOUR RESULTS. JEROMY WELLS JOINS US. YOU HAVE TO TAKE US THROUGH YOUR LATEST RESULTS. JEROMY: FOR SURE. THE KEY HEADLINE HERE IS WE HAVE INCREASED ANNUAL RECURRING REVENUE BY 34% TO 42.2 MILLION. WE HAD A RECORD CUSTOMER GROWTH, UP TO 630 CUSTOMERS. AND WE REDUCED CUSTOMER TURNED SUBSTANTIALLY TO 2.4%. A KEY THING ABOUT THE QUALITY OF OUR CUSTOMERS, WE HAD THIS ROSTER OF CUSTOMERS, THE QUALITY OF OUR REVENUE. WE RETAINED 124 POINT 1% OF CUSTOMERS YEAR-TO-YEAR. TRULY A REFLECTION OF THE PROFILE OF ENGAGEMENT WE HAVE WITH OUR CUSTOMERS. GENERALLY PEOPLE START SMALL TO SOLVE COMMUNICATION CHALLENGES. . BUT INCREMENTALLY USE OUT -- HAVE FACE COUNTS OVER TIME. WE HAVE BECOME EMBEDDED IN COMMUNICATION INFRASTRUCTURE, THIS COMMUNICATIONS BACKBITE IN MANY RESPECTS. HAIDI: WE HAVE TALKED ABOUT HOW THE REASON WE ARE SEEING THIS JUMP IN A LOT OF PEOPLE WOULD SAY THIS A BUBBLE IN THE TECH SECTOR IS BECAUSE THE PANDEMIC HAS ACCELERATED EXISTING STRUCTURAL CHANGES AND TRENDS THAT WERE IN PLACE BEFORE CORONAVIRUS HIT. IS THAT THE SAME CASE IN YOUR BUSINESS? DO YOU EXPECT THESE TRENDS, AND I SHOULD SAY THE JUMP IN SHARE PRICE, TO BE SUSTAINABLE? JEROMY: TOTALLY. DIGITAL TRANSFORMATION HAS GONE FROM BEING A TICK BOX ON A SCORECARD TO A TOP BUSINESS PRIORITY. FOR OBVIOUS REASONS. DIGITIZATION OF MANUAL PRICES REDUCES DEPENDENCE ON HUMANS, AND INCREASES EFFICIENCIES, IF IT IS DOWN IN THE RIGHT WAY. IT HELPS ORGANIZATIONS TO BECOME MORE RESILIENT, MORE NIMBLE. BUT IMPORTANTLY, IT GIVES THEM NEW TOOLS TO ENGAGE WITH CUSTOMERS AND TO BE MORE EFFECTIVE. THESE THINGS ARE CHALLENGING. BUSINESSES ARE QUITE DIFFERENT. THEY HAVE DIFFERENT STAKEHOLDERS AND THEY HAVE RATHER COMPLEX TAPESTRY OF TECHNOLOGIES THAT THEY HAVE TO ENGAGE WITH. FACEBOOK MESSENGER, WHAT'S UP, IS IT VIDEO, OR IS IT RICH DYNAMIC MOBILE EXPERIENCES? THERE ARE ORGANIZATIONS LEANING INTO THAT, LEVERAGING THEIR CAPABILITY. IT WILL BE SUPER WELL-PLACED AT THE END OF THIS COVID CALAMITY. WE SEE THOUGH, WHAT WE ANTICIPATED AS A POST COVID BUMP IN ACTIVITY, BECAUSE THERE ARE MANY INDUSTRIES WHERE OPERATIONS ARE CONSTRAINED. AS PEOPLE FIND NEW WAYS OF DEALING AND LIVING WITH COVID, WE WILL FIND ORGANIZATIONS THAT WILL DOUBLE DOWN IN TERMS OF HOW THEY GET BACK ON THEIR BUSINESS HIGHWAY AND GET THEIR BUSINESSES AND ORGANIZATIONS MOVING AGAIN. AND COMMUNICATION IS ONE OF THOSE THINGS WHICH IS HIGHLY VISIBLE, HIGHLY IMPACTFUL, LOW COST TO IMPLEMENT THE POSITION OF BUSINESS WORLD AND FIND CUSTOMERS AND EMPLOYEES. IT BECOMES ONE OF THE CONTENDERS. SHERY: YOU HAVE CLIENTS BOTH IN THE PRIVATE AND PUBLIC SECTORS. WHAT ARE SOME OF THE NEEDS YOU ARE SEEING FROM THE YOUR CLIENTS AND DO THEY DIFFER? JEROMY: FOR SURE. WE HAVE MORE THAN 11,000 DIFFERENT USE CASES WHERE CUSTOMERS HAVE TAKEN TEMPLATES AND WORK FLOW AND THEY HAVE MADE MODIFICATIONS SO THEY CAN START SOLVING THEIR COMMUNICATION PROBLEMS QUICKLY. ABOUT 30 FOR -- 35% OF OUR CUSTOMERS IN THE GOVERNMENT HAVE DONE THAT. FROM A BROAD RANGE OF DEPARTMENTS. THE REASON THERE IS A LARGE NUMBER OF ARTICLES, CRITICAL INFRASTRUCTURE PROVIDERS, UTILITIES, BANKS, INSURANCE COMPANIES, LOGISTICS, RETAIL, EMERGENCY SERVICES, EDUCATION, HEALTH CARE, THOSE ARE OUR KEY VERTICALS. THE BENEFIT OF THAT IS WE HAVE LIMITED EXPOSURE TO ANY ONE MARKET. THERE IS A LOT OF OPPORTUNITY WHERE WE CAN AS A TRUSTED ADVISOR, ASSIST OUR CLIENTS WHEREBY SHARING INSIGHTS FROM WHAT OTHER INDUSTRIES ARE DOING AND WHERE THE INNOVATION IS HAPPENING AND WHAT IS TRANSFERABLE. SHERY: BEFORE WE LET YOU GO, EXPLAIN ABOUT YOUR BUSINESS MODEL. BECAUSE YOU DO HAVE A SUBSCRIPTION MODEL AND IT HAS A USER BASE CHARGE, AND YOU HAVE DIFFERENT LEVELS AS WELL. JEROMY: YEAH, FOR SURE. AT ITS CORE, WE ARE AN ENTERPRISE BUSINESS. IF PEOPLE PAY A MONTHLY SOFTWARE CHARGE, BUT WHAT WE SEEK TO DO YSALINE CHARGING WITH BUSINESS VALUE. SO WHEN USER TECHNOLOGY AND THERE IS TRANSACTIONS, THEN THERE IS A SMALL TRANSACTIONAL CHARGE. THAT WAY, PEOPLE ARE NOT APPREHENSIVE ABOUT COST AND CHARGING. THERE IS A BINARY RELATIONSHIP BETWEEN THE VALUE WE ARE DELIVERING ON THE WAY WE ARE CHARGING. WHAT WE SEE IS ORGANIZATIONS STACK RELATIVELY MODESTLY BECAUSE HE WANT TO KEEP THE RISK LOW AND RETURN A DELIVER MEANT ON THAT. THESE DAYS, OUR CUSTOMERS ARE GETTING UP AND RUNNING IN A COUPLE OF HOURS. WHAT WE SEE IS CUSTOMERS PROCESSES ARE NOT NECESSARILY MATURE, WHERE THEY CAN EXPLOIT THE CAPABILITIES STRAIGHTAWAY. IT TAKES TIME AS PEOPLE THINK ABOUT THE TECHNOLOGY AND EVOLVE THEIR THINKING AND DEVELOP PRICES TO THEIR INCREMENTAL ADD USE CASES ARE. WHAT WE FIND IS ONCE AN ORGANIZATION GENERALLY HAS THESE USE CASES, THEY BECOME THE KEY LONG-TERM CUSTOMERS. SHERY: JEROMY WELLS, GREAT HAVING YOU WITH US. WHISPIR FOUNDER AND CEO. COMING UP IN THE NEXT HOUR, WE WILL TAKE A LOOK AT THE MARKETS WITH MATTHEW'S ASIA HEAD OF FIXED INCOME. WE WILL ALSO GET YOU DETAILS ON THE CONSUMER CONFIDENCE INDEX AND THAT WILL BE WITH CHIEF ECONOMIST OF BART FAN ARC. WE DID SEE THOSE CONSUMER CONFIDENCE NUMBERS IN THE U.S. DROPPED TO THE LOWEST LEVEL SINCE 2014.

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'Bloomberg Daybreak: Australia' Full Show (08/26/2020)

Haidi Stroud-Watts in Sydney and Shery Ahn in New York drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. Today's Guests: St Denis J Villere & Co LLC Partner and Portfolio Manager Lamar G Villere, Whispir CEO Jeromy Wells (Source: Bloomberg)

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