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Recode Daily: Trump’s meddling may be behind the roadblocks to the AT&T/Time Warner megamerger

Plus, Roku scores and soars with its first-ever earnings report, Snapchat’s redesigned app is coming Dec. 4, and here’s how to hide your bitcoin and blockchain fortune.

U.S. President Donald Trump talks to opera performers at the Forbidden City in Beijing on November 8, 2017.
U.S. President Donald Trump talks to opera performers at the Forbidden City in Beijing on November 8, 2017.
Jim Watson / AFP / Getty Images

President Trump’s Department of Justice is threatening to scuttle AT&T’s proposed purchase of Time Warner unless the merged companies dump Turner Broadcasting and CNN — a news organization the president hates more than most. AT&T’s CFO now says he doesn’t have a timetable for the $85.4 billion deal. Normally, some Democrats would be celebrating the merger’s obstruction, but the Justice Department’s efforts are shrouded in controversy because of fears that Trump might be meddling. [Peter Kafka / Recode]

Roku delivered its first earnings report as a public company, and shares popped more than 20 percent after the company posted better-than-expected sales and a narrower loss than Wall Street estimated. And quarterly revenue at 21st Century Fox slightly beat expectations; the company has considered selling most of its assets to Disney, which reports today.

After reporting a third straight quarter of bad earnings, Snap is scaring off some investors. Shares were down 15 percent at the end of trading Wednesday. But it had some buyers, too: Chinese investment company Tencent Holdings, which owns the WeChat messaging app, has taken a 12 percent stake in the company. And it looks like the redesigned Snapchat app that CEO Evan Spiegel hinted at on Tuesday will debut on Dec. 4. [Rani Molla and Kurt Wagner / Recode]

Democratic Sen. Al Franken scorched Amazon, Facebook and Google in a speech, slamming the tech giants for using “sophisticated, strategic tool[s] to maintain and strengthen their own power.” And after refusing several times to appear before Congress, former Yahoo CEO Marissa Mayer testified yesterday about a 2013 security exploit that compromised three billion user accounts, the single largest breach in history. [Tony Romm / Recode]

A year after Trumps election, women and minority voters gave groundbreaking wins to a strikingly diverse field of Democrats. Among them: Danica Roem, a transgender woman who was elected to the Virginia House of Delegates, and who ran against a Republican incumbent who had introduced a “bathroom bill” in the Virginia Legislature to bar transgender people from restrooms. [The New York Times]

Big issues about ... big issues from the New York Times and the Wall Street Journal: The tech-themed issue of the Times Sunday Magazine takes on life after driving and the death of car culture. And the WSJ magazine devotes a special issue to nothing less than the future of everything, from a touring 3-D avatar of Whitney Houston to chatbots that will appeal your parking tickets and handle your divorce — for free. Don’t miss this NYT piece about AI researchers who left Elon Musk’s lab for a startup aimed at making robots that make other robots.

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Heres how and where to hide your bitcoin and blockchain fortune.

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