Recode Daily - What you should expect from today's Apple, Verizon and Twitter earnings reports - Jul 26, 2016

Ahead of Apple's earnings report today, the big news out of Cupertino was that longtime exec Bob Mansfield is returning to the company to oversee its still-top secret electric car project. What analysts are especially curious about today is if Apple gives any indication about how it thinks the upcoming generation of iPhones will perform. [Daisuke Wakabayashi | The Wall Street Journal] Twitter has been steadily making new TV and video streaming deals over the last few weeks, a sign of its commitment to a new video strategy focused on live events. Today, Jack Dorsey will make the case to Wall Street that this untested business is what will turn the Twitter ship around. [Kurt Wagner | Recode] So Verizon bought Yahoo for $4.8 billion. During Verizon's earnings report today, expect to hear a lot about why Yahoo's media and ad tech offerings will work well with AOL, which Verizon bought for $4.4 billion last year. To get a sneak peek at that, AOL CEO Tim Armstrong told Kara Swisher yesterday that the deal has everything to do with scaling as big as possible. [Kara Swisher | Recode] Last night, two important things happened at the DNC: First, Michelle Obama delivered what is already being hailed as one of the great political speeches of modern times. Second, Bernie Sanders wholeheartedly endorsed Hillary Clinton, and gave a speech that reflected his ascendant lefty power in the Democratic Party. [Daniel Kreps | Rolling Stone] The FBI is looking into whether the same alleged Russian hackers who stole the DNC emails were able to access the emails of Hillary Clinton's advisors. Who might be the FBI be up against? A Russian government obsessed with "kompromat," or "information warfare." [David E. Sanger | The New York Times] Commerce Amazon is conducting new drone-delivery tests in the U.K., and wants the U.S. to know about it By Jason Del Rey "The U.K. is a leader in enabling drone innovation," Amazon crowed. Voices Apple's proposal could transform how streaming services pay songwriters and music publishers ... but beware the fine print By Matt Pincus It's time for a transparent rate structure. Podcast The secret to Silicon Valley's success is mass delusion, says "Chaos Monkeys" author By Kara Swisher "The Silicon Valley vibe is like democracy, or religion: If everyone believes in it, it sort of becomes true." Yahoo Last Yahoo CEO standing: Here's Marissa Mayer's letter to employees on the sale By Kara Swisher She says she's staying, but sources said it will only be until the deal is officially completed. Politics Airbnb is going all out at the Democratic National Convention in an effort to win over New Yorkers By Noah Kulwin There's a panel, a big ad buy and more. The art of managing a political "distraction" Mark Leibovich, the New York Times Magazine political reporter, has an excellent command of how the Beltway really works. Today's lesson is in the art of the political "distraction," and how the Democrats bungled Debbie Wasserman-Schultz's exit from the DNC in order to avoid prolonging such a "distraction." It's a short column, but instructive in the worst habits of the Democratic Party.              News Podcasts Events You are receiving this email because you subscribed to Recode Daily. If you would like to unsubscribe, click here. Mailing Address: Vox Media, 1201 Connecticut Ave. NW, Washington, DC 20036 Copyright © 2016 Vox Media, Inc.

 

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