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tv   Bloomberg Technology  Bloomberg  November 9, 2016 6:00pm-7:01pm EST

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she delivered her concession speech this morning in new york city. kenton: this is not the outcome we worked so hard for, and i am sorry that we did not win this election for the values we share and division behold for our country. -- and the vision we hold for our country. president obama a smooth administration between his and president-elect donald trump's. they are scheduled to discuss the process. donald trump's victory will have implications for the supreme court. at some point next year, mr. trump will nominate someone to replace the late antonin scalia or, restoring the court to its full my number capacity. three justices past the age of 80, additional nominations are also a possibility. people who consider moving to canada when a trump victory became apparent may have had problems conducting research. immigration and citizenship
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website was down for hours last night and this morning because of a significant flight and traffic caused by u.s. searches. global news, 24 hours a day powered by more than 2600 journalists and analysts more than 120 countries around the world. i am emily chang. ♪ emily: this is bloomberg technology. coming up, u.s. stocks get a big boost as donald trump wins the white house but some tech stocks are down. will break down the winners and losers. plus, after silicon valley lost a bet on the presidency, the industry considers the next four years. we will map it out. twitter operating chief says goodbye to anthony noto taking over his role. what it means for twitter after playing a controversial role in
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the u.s. election. market reaction to the u.s. presidential election, one of the single biggest day reversals and stock market history. the dow jones industrial average ended the day just shy of the record close. stocks missedech on the rally. amazon, microsoft and facebook shares dropping amid speculation of what a trump presidency would be for all of these companies. investors are wary of what the next administration means for them. joining me now and analyst at bloomberg's global head of markets. thank you for joining us. you did not vote for either candidate but you have been very vocal about both of them. i know you started the never trump movement. what does a donald trump president mean for silicon valley in the future? >> i do not think in knows with any degree of confidence. donald trump has different positions over the crop -- the
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last 18 months and anyone can tell you they do not know exactly what his position is. it will be an interesting for years. obviously the republicans wanted all levels of the government and that is a little bit more predictable with what republican congressmen and governors will do. we should see less taxation, less regulation, improvement in flex ability for tech startups basically is the highlight because government constrains the innovation of technology and should be a degree of freedom we have not seen in a while. a lot of uncertainty, especially around actual policy initiatives. we know he feuded with the ceo of amazon on twitter. >> that is right. he also complained about the at&t and time warner merger. surroundedublican himself with pro-business republicans like jeff sessions, chris christie so you do not know how much should take him on
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his campaign trail work. he said microsoft needs to bring back manufacturing to the u.s. these are not things in the president's control. on the other hand he talks about repatriation for overseas capital and lowering the corporate tax rate and these are things silicon valley likes. emily: apple ended up slightly up. you actually wrote that donald trump could be good for tech companies in the long-term. >> not exactly in those terms but what i meant is i think it affects the repatriation. you talk about apple. apple is more than $100 million outside of the u.s.. you look at the large companies, probably have more than $1 trillion stashed outside of the u.s. when that comes in, where does that go? it could go back into the business. it will probably go into buybacks. there will be a lot of companies
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they can invest next year as we get more money back into the country. you could get buybacks with -- which investors like. you could get those activities coming on after these decisions. emily: silicon valley doubling down on hillary clinton, there was somebody, peter tale who double down on donald trump. take a listen to what peter thiel had to say about why he supported donald trump. >> i certainly do not support the specific language he has used, but i think one thing that should be made distinguished is the media always takes trump literally, never seriously but always literally. i think of lot of the voters that vote for trump take him seriously but not literally. emily: his comments about taking trump seriously but not
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literally have been repeated over and over again over the past several hours of people have been digesting results. at the same time you had so many people in silicon valley coming out this really attacking donald trump. they said it was be a terrifying disaster. a venture capitalist saying, hitler's was basically elected. other saint tonight we cry, despair, fear. what does this mean for the actual relationship between the white house and silicon valley? could there be retaliation? >> donald trump is addictive. he is running a general election campaign and talking about lying ted and low energy jeb. he picked up on some of the thes people liked about nixon administration. a lot of tech companies went way out on a limb will out of what a
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normal fortune 500 company would do. emily: absolutely. >> this is actually pretty crazy. i think it will learn a lesson. it is a reason wall street is not close to the democrats. they give a lot of money to the democrats even though the interest in wall street's are different than the democratic company. i think technology companies will learn they cannot take partisan opinions without consequences. trump will deliver the hammer. emily: eight years have been spent building a bridge between the white house and silicon valley. the u.s. digital service, all of these tech leaders going to washington talking about important issues. we will of the work be undone? >> that branch, the smoke is rising. silicon valley embraced president obama. the credibility as a venture capitalists depended on the photograph of you and president obama you had in her office lobby. donald trump does not even have an e-mail.
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the future of all of those initiatives is in doubt and i think the community has to get serious now and maybe a trump administration does to rebuild the relationship. emily: you are close friends with peter, working with them. peter thiel become the center of the silicon valley white house connection? how does peter thiel, even rebuilte has won here the bridges between all of the people that despise the decision he made. >> i think right now he is going to look like a genius. he is half brilliant, half crazy. betweenrd to figure out the two. i suspect he winds up going to washington and winds up with a substantial appointment with a lot of power. >> you want to stay out until you get nominated. emily: do you think he would
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work for someone else? > maybe treasury secretary, those kind of positions would be very appealing and i think he would accept it. politics works that way. you take a controversial bet and you get paid. emily: 20 this is me for jobs? has beenindustry blamed for eliminating jobs, building the future built on ai and robots were jobs are eliminated. donald trump says, coal miners, do not worry. what does it mean for jobs? >> when you have jobs at the cutting edge of technology, they will stay in the u.s. and they will invest more in that. it all depends on that. cash repatriation will be very good for industry. the market, i for did not mean it in that way. tax reliefd say is
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of the country could create jobs and that would be good for the industry in general. emily: all right. thank you so much for joining us. my guest host will have a lot more to discuss. tocks we are watching, investors anticipating a change in some of the energy policies helping boost demand of the energy under president obama's administration. in a week tesla shivers will vote on to company controversial mergers. we will dig into that and the impact of trump's inergy stances later in this hour. after presidential campaign filled with hacking and privacy concerns, what is to come under the leadership of donald trump? we will talk global cyber security later this hour. ♪
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♪ emily: gopro shares tumbling as much as 10% in wednesday trading after the company says they are recalling 2500 of the new drones, a small number has been losing their power and that flight. gopro saying no injuries or property damage reported. owners can return the unit for a full refund. gopro stock already plunging 40% this year. the recall deals another blow to the companies's already dim prospects for a holiday season. officerchief operating of the company's business model left to explore new opportunities. the company cfo will shift to his job and the social media companies starting the search for a new financial chief. we have cory johnson. there was a tweet last night, someone suggesting if you applied corporate news to announce, do it now. he we are, talking about it.
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bain has been given a lot of credit for building the company's reputable model. >> you can see that in the numbers when you look at the value of a twitter user. the user growth has been pathetic but the value has gone off with marcus paying more and more to reach those users and that has been the guy behind them. an executive change of twitter is really rare. it is always the same revolving door up there. afternoon votto that was a banker before the company went public was a fantastic executive. dino he got paid? in 2014.lion last year was only about
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$500,000. his totalhe value of pay package in 2014 according to the proxy statement. moving up to the new job, no new financial filings. we do not know how this is going to change his contract. noto interestingly, we have heard he is taking on a lot more of the moral cheerleading and moral support at the company and he is become the heart and soul. >> more like a dartmouth football player. emily: i believe adam bain had that role in earlier years. to say goodbye, any day but especially today. so much love and respect for adam. that just treated up. >> and a former employee. o reallynot interesting guy. dartmouth football player, rising in the ranks of the
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goldman sachs era. came back to goldman sachs as one of the lead tech bankers in san francisco. he went to twitter with a fantastic pay package. he stays at twitter with a much bigger role. the company is at an inflection point where the rate were unable to sell them so -- where they were on it to sell themselves and add users in any substantial way. that is a problem for this company. if it had a great success, adam bain could take credit for it emily:. emily:they are looking for a new cfo. >> i am staying here. emily: great responsibility. cory johnson not going through the revolving door. thank you. still to come, the election set record tracking of social media sites like twitter and facebook. they have also been blamed for the rise of political divisiveness. whose responsibility is it? this is bloomberg. ♪
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♪ of the biggest losers of the 20 16 presidential election, pulling. almost all of the polls of political insiders had hillary clinton strolling into the white house. popular polling sites like nate silver showed clinton with a 72% of taking it all. it was more of the conservative assessment. how did big data get it so wrong? joining out to assess, reddit cofounder and a former policy director of prime minister david cameron. steve, we will start with you. how did they get it so wrong? >> i think there were two big data failures. let's take them one at a time. emily: by the way, you were on the show saying you've felt the was a good chance of a brexit like outcome, meaning that you felt it was a good chance the polls were wrong. >> i do not look to be here saying the person that says, i told you so but we can discuss
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that. there were two types of big failures on the data front. first of all, in the polling, the polling models basically missed two big groups of voters, the secret trunk voter, those are people who basically are going to support trump but in response to the moral shaming going on by many on the other side saying, if you were support trump you are a racist they did not want to admit it. the second voter they missed was those that were invisible because they had not participated in politics because they did not believe any vote they made what make a difference. there was a new trump voter believing he was a different kind of leader that might shake things up. the other big failure is in the turnout. this was the real heart of what went wrong for the clinton campaign. they have this incredibly sophisticated driven machine built to turn out the vote and
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very, very specific ways and specific places but it turns out if you do not have a message and a leader that people really believe an, all of the sophisticated data will not get you the result that you want. emily: do you think that some of those voters were on reddit? >> i am sure. while clearly there is a methodology issue with the polls done, if you spend any time on reddit in the last year, last night's results were not surprising. we have a lot of users that support both candidates but the users for donald trump with the donald trump supporters were much more engaged than other users. we saw on average donald trump supporters voting six more times often been supporters of other candidates. that engagement translated directly to turn out in the result less night. >> if the product is broken, marketing cannot fix it.
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the product was not as good for the democrats. --ly: how did he make their how do they make sure this does not happen again? >> i honestly do not know. emily: exactly. >> almost every election you see this. there are this way, wrong threasons you give, th people engaging with each other, much more fluid, i wonder if the whole thing is actually out of date. one thing i would say is there is a way of oking at the failure of the marketing machine in a positive way, not necessarily in terms of the outcome. if we do go to a world where actually it is not just about grinding out the vote through incredibly sophisticated targeting and the soulless mechanistic approach but actually forcing plan that peope
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really can believe in and they are not just relying on the data-driven techniques. that might lead to a healthier political system all around. emily: frexit was driven by immigration concerns, jobs, trade which we believe is similar to why trump ms. clinton: got elected -- trump got elected. immigration is something they feel strongly about, google, tesla, these are huge companies that were created by immigrants. what do we think the election of donald trump actually needs for immigration and the impact that will have on silicon valley? >> i believe the election will cause more immigration. if you go back about a decade ago, there was a lot of consensus in d.c. to increase the amount of skilled immigration to the united states. anyone with a phd or a technical very -- technical degree became here freely. the democrats, obama
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particularly linked it to immigration from mexico under oft is called copperheads immigration reform. i think you will see this policy split back apart. republicans in congress will pass bills that allow people with skill degrees to integrate freely to the united states and then there is going to be more controversial discussion about what to do about immigrants from low skilled countries. emily: donald trump says he wants to end the visa program which allowed skilled workers to come in? over that me for a company like reddit which you have engineers from other countries? >> it is true. when will we compete with other companies is on talent. we need access to the best talent basis in the world. we have lost canada's because of the process. that is an area where we always need to do better. emily: what are your thoughts of someone that worked in the u.k. for many years? >> with a policy point of view
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this is something we have wrestled with. the impact on working people is really tough and that is a serious thing you cannot ignore and sweep aside because of benefits that particular part for the economy where it is not a problem. getting the balance right is something they will have to strike. i have heard him talk about things like the craziness of educating people at universities like stanford and exporting them to other countries. i have heard trump say that. while it is not at all clear exactly the direction that will be taken, i think there are places for optimism. >> i think we are going to rebuild data models. i think we need to you get new signals to get better productions. if you only use telephone calls you will wind up with poor models, particularly ones that are biased against conservative counties which is what we have seen internationally. if we start using reddit signals, twitter signals in building a model from scratch,
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you may be on to rebuild data science and pulling science. , ion the question of data think the really exciting opportunity is pretty data in the hands of citizens. that is what we are doing, enabling them to really understand the candidates on the ballot and also create new platforms to make it easier for people to participate. if you are sitting there distraught about the results, there is one really cool thing you can do, take power into your own hands, run for office, get involved, participate in politics. thank you soght much for joining us. we are going to be talking more about social media and the impact on the election next. ♪
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♪ mark: you're watching bloomberg technology. this begin with first "world news". mexican president enrique pena said he called donald trump following his election victory
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tuesday night. i spoke to the president-elect, donald trump to express my happiness of his obtained triumph and also congratulated his family and of him throughout the campaign. i must say was a cordial, friendly and respectful conversation. mark: during the campaign donald trump described mexican migrants as murderers and rapists. the president asked for a meeting with donald trump during the transition to clearly define the road ahead for the two countries. russian president vladimir putin was the first global leader to congratulate president-elect trump, but he may not be completely sold on the idea that mr. trump's victory could improve ties between russia and washington. later cautioning things will not be easy. kremlin insiders say he will wait and see how far trump is willing to go before extending a hand. the british day trader accused
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of helping cause the 2010 crash is set to plead guilty in federal court in chicago. battle toyear-long avoid extradition from the u.k. is accused of making $40 million helping group stock future markets over five years wiping out almost $1 trillion from the value of american equities. afters bloomberg just 6:30 wednesday in new york. none: 30 thursday morning in sydney. look at the markets now. good mning. minutes to an4:30 hour. look at ago, up 3% at the moment, take a look at some of these stocks leading the gains. producer posting among the top 10 performers. nicer and iron showing
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gains following the victory of donald trump for the u.s. presidential election when he referenced and infrastructure push in the acceptance speech. the new zealand market performing strongly up 2.3%, some new set of new zealand comedy countries for surf bank lowering the cash rate to a record three quarter percent. the governor noting global insurgencies, earthquakes and the ascension of donald trump to the u.s. presidency. for bloomberg in sydney, more from bloomberg technology, next. ♪ emily: this is bloomberg technology. i am emily chang.
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socialitter, snapchat, media driving record traffic in discussion around the u.s. election highlighted by president-elect trump's expert use of twitter. facebook and twitter have also been blamed for the rise of political divisiveness. tech with me to discuss is reddit ceo and coastal adventures partner. social media has been blamed for the rise of trump but also the rise ofan increasing sense of devices next across the country. to what extent are facebook and twitter to blame for the sort of brutal nature of how the selection played out? >> i do not think they are to be blamed it all. it removes the goal of gatekeepers in media release. this is from travel agents to other third parties and now media does not have the role where it can screen a filter because people are going to talk to each other directly. that is going to change the
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conversation because the people that control the conversation and the structure of the conversation and decide what is in that bounds do not exist anymore and that will fundamentally change the rules of the road and the kind of policy debates people are participating in. this is not unusual. and i was in history class we would talk about nixon and kennedy and how he won the election because nixon was sweating too much. that is what was talked about in u.s. history. platform,ere is a new people adopted that platform and people that do not adopted that platform are going to thrive in people who do not are going to suffer. you are seeing the first social media president. emily: for the argument be made that facebook is making more editorial decisions then it would admit? mark zuckerberg said they are not a media company but i saw one article that said facebook is harming our democracy. if you think about that selected
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the news we read is via facebook and that facebook higher prices that information based on an algorithm that shows the things people are engaging most with, some of those things are clipped brady, misinformed, plain wrong or inaccurate and that is what people are watching and reading unfortunately on facebook. see isink what you facebook not choosing the news but social platforms, the users are choosing the news. what the internet gives you now is the ability to choose what you hear and to discuss it. emily: does facebook have a greater responsibility to filter that news, especially if the news is quite frankly, wrong? >> i think i will role to play is to facilitate the access to the information. that is what we do best. the users can choose what they want to see in that is ultimately what they are going to read. >> ultimately populism is dismissed but people use it as a label of results, but people are
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voting with their time and attention and these platforms are giving them the opportunity to disseminate views without going through traditional gatekeepers which is actually quite empowering. you can be anywhere in the world and come up with a good argument, good idea, interesting development and you have the ability to shape the rest of the planet. that is actually quite a positive thing. there is no evidence that the average voter is more or less informed than the average motor 10 years ago or six years ago or seven years ago. there has been no study that people are more confused and more ignorant in any capacity. emily: we have been talking about the impact on policy, business but a lot of what drove discussion and interest was around social issues. hillary clinton earlier in her concession speech talked about not quite raking that glass ceiling but setting an example for young women. take a listen to one of the against takeaway lines from her speech. >> to all the women and
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especially the young women who put their faith in this campaign and in me, i want you to know that nothing has made me prouder than to be your champion. and to all of the little girls who are watching this, never doubt that you are valuable and powerful and deserving of every chance and opportunity in the world to pursue and achieve your own dreams. emily: now, a lot of the discussion on social media has surrounded sexism, sexual assault, racism, reproductive rights and you have so many women and underrepresented minorities, what does trump me for the? >> give kellyanne conway credit for the first woman to run a campaign successfully. there is a lot of bias to these arguments.
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hillary clinton did better than the average senatorial campaign so there's no evidence of that in any of the data. emily: as someone who runs a site that gives everyone a voice, how do you balance, and this is something that not just read it but twitter and facebook, they have had to do with this, balancing hate and harassment and violence with things that are truly contributing to a healthy conversation. how do you balance that? >> our role is that of a facilitator. we want people to be able to express themselves fully on that platform. sometimes we do that in ways we do not like but where we have a role to play is making sure they stay within boundaries, making sure they are not harassing each other and that they are actually having a conversation. we think it is important to expose all of the viewpoints and let people know what is going on. emily: it is so ironic that donald trump used twitter so expertly and yet he does not even use e-mail.
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do you see him embracing technology as part of the administration? the actual products? >> i think it would be dangerous if he does. he is clearly impulsive and that's a great thing for the president of the united states to be. that is why the press and off of a teleprompter. -- nationaleason security and foreign speeches are screened through many layers of filters so that no one makes a mistake. i think it is dangerous to get the resident direct access to the american people in real time and not just about donald trump. i think it would be important for most americans to have that kind of instant feedback that all of us get addicted to. emily: we will see if they can keep them away from the feed. thank you so much. watching,we are plunging as much as 19% in
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wednesday trading after its earning support -- report undergoing a rocky transition to making money from hotel bookings rather than referral fees. trip if i search ceo says even though the process is taking longer, multibillion-dollar opportunity. coming up, donald trump will now hold the reigns over the nsa, so what will privacy inside the security look like under his leadership? ♪
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♪ emily: after months of campaigning, donald trump overcame all laws and became the 45th president-elect of the united states. with a numbermes of responsibilities including control of the nsa. this is a presidential campaign filled with hacking primary
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directed on the democratic party. what will i do see inside the security look like? so, what does security and privacy look like under donald trump? >> i think that is the question we are wondering about today. the reality is we can all take a deep breath. the probably not be an enormous amount of change but i do think we can look at two things. what he said as he was to put a task force in place to put the -- to look at the issue. that can be expect of a candidate. the second is there could be more offensive activity and that could be the one we need to watch closely because particular post russia which i know you're going to bring up is there has been some retaliation reported in the press. emily: what kind? >> we have gained access to the infrastructure. the question is, will they continue, will he want to use ciber offense more often than has been used in the past?
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i think that is where the unknown is. emily: you are saying that the u.s. is going to hack russia? >> i am not saying that. what is been reported is the u.s. has tried to retaliate for what has seems to transpire with the wiki leaks. my question is on the payroll in regards to donald trump and what may transpire is how will use ciber offense? .hat is an interesting question i do not see him making much of an impact on security emily:. emily:do you worry for your safety, our safety? nixon clearly abused some of his powers. of pushit will be a lot for limited government. there have been a lot of democratic and liberals ignoring the limits of the constitution.
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i think there will be a consensus to pull back which is probably healthy. emily: let's talk a little bit about russia. president putin congratulating trump with his win. how much do you think the hack on the democrats, wikileaks, how much do you think that actually influence the outcome of the election? >> i will leave that to the political prognosticators but stick with security. i think what was interesting about it is the fact that it looks like a foreign intelligence service went ahead and partner with an organization such as wikileaks to disclose the information. emily: and got away with it. >> it appears that way. i think that is with the speculation comes in related to the prognosticators. we should focus on what that means going forward. i think that is what we will yber usedto see, c as a tool of espionage, people targeted inside organizations to
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take sensitive data because e reality is someone internal has access and that is what we saw with the john podesta leaks is aggregating information there and they knew who to target, how to target. what we really saw is that can happen more and more. emily: the u.s. relationship with russia has been incredibly tense. what do you make of a potentially friendlier future? what does that mean? >> i'm not sure being friends under the current leadership is a good idea. i think russia has some bad ideas. somebody needs to stand up to them. i do not know if that will be donald trump hopefully the republican congress. emily: what about encryption and privacy issues that companies like apple have a lot of our data and have been fighting to keep it private and trump has been public he does not like how apple handed the encrypted iphone situation. the white house in general wanted apple to break open the phone but apple did not.
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companies toorce hand over more personal data? >> i think that is the interesting question. it appears he is going to be much more pro-law-enforcement so he could be a lot more aggressive going forward. we need to remember there are still other branches of government that need to be engaged to enable them to become more aggressive. he would have to get a subpoena approved to gain access. i do think this is where an idea such as senator mackall, warner and congressman mccaul commission is to study encryption further. i could see that gaining some length but i think of all the priorities he has coming up, going after and changing the way encryption is in this country, i would say that is not going to be at the top of the list. emily: the u.s. has an agreement with your called the privacy shield which sort controls the transfer of data that can happen between europe and the united states. the donald trump on do that deal? >> foresee could -- of course he could.
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the reality is, that is unlikely. that is being implemented, widespread public support and is reason he would undo it to gain more access to eu-citizen data. also wants to encourage our companies to be successful, so i think the question we are asking is, what is to come? the reality is, we do not know what my senses we will see a lot we expect. quo than likely what is happening is the normal study that happens during any transition of power. emily: thank you so much for stopping by. this is where we will say goodbye. thank you for always bringing us a lively conversation. up next, talking about solar stocks as fincher's for new energy policy under a trump administration. what it means for the future of tesla and solar city. this is bloomberg. ♪
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♪ emily: one stock we are watching, searching in the wake of donald trump selection, investors say the restrictive merger environment under the the new administration. president-elect trump will be in charge of nominating new leaders which previously favored a wireless market and blocked the sprint merger with t-mobile. also moving the energy spectrum because donald trump is a long time energy change denier. along withs slid solar city. investors concerned the demand may be hurt by the new administration. all of this one week before tesla and solar city shareholders vote to approve a $2 billion merger. what impact does a precedent trump have on the future of a company like solar city? the head of alternative energy
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joins us from new york. what are you expecting? obviously a lot of unknowns. >> i think what is important, if you look at what solar city just reported. if you look at what their sales were for commercial and industrial sector, and if you look at what they are representing as their price of three dollars, we know that commercial and industrial prices are about 30% to 30% below what they are representing. we know that if you apply that to the sga and spread that p, there iso the es no way the production cost or what they are guiding. we think that is a bit misleading. in addition to that, the increased the years effectively that the systems are being depreciated over which effectively lowered the depreciation cost. the point is, we think those are two items that are somewhat elusive, if you will for investors. with respect to whether the deal
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closes, there is a new poll that clearly donald trump does not support solar. given what has happened with the solar stock and reports from some power and solar edge it looks like there could be some risk with that closing. emily: trump has basically denied the gravity of climate change going all the way back to 2012 where he said, he concept of global warming was created by and for the chinese in order to make u.s. manufacturing not competitive. he later we'll do that back, saying he was joking, however he has certainly made it clear he does not believe it is a real problem. what does that actually mean for not just solar companies but wind companies or even electric car companies like tesla? >> i think it is quite negative. if you think about it, hillary clinton had a very aggressive plan to implement solar technology. she was looking to rent installations from nine gigawatts to 25 gigawatts
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through 2021. even on product import into the united states directly from china are not working. demand in theak u.s. and china and japan, we think it will have a very negative impact on prices in the united states. if you are a tesla shareholder you have to ask, are you willing to vote for this deal because there has been a significant change overnight in the overall chemistry of this deal coming to pass. keith what his thoughts were on the future of coastal adventures investing in a number of clean tech initiatives. he says he does not think cleantech elegy necessarily needs government subsidies anymore. do you agree with that and who would invest and eats technologies or even building these technologies if they did not think the government was going to support them? >> i strongly disagree.
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we can look at multiple instances germany, spain, france, taking away incentives inflation falling 10% to 90 are sent dropping. without the tax credit in the united states which by the way has support in the house and senate which by the way the republicans control to be essentially the extension scale back, without that he will get a significant drop in installations in the united states. we saw this in arizona. arizona basically cut their runort and solar city & basically left the state. clearly, we believe it is not true and with the republicans in control, we believe this will be scaled back aggressively. i cannot be good for solar stocks. emily: florida voters even though the elected donald trump, they also rejected a measure that would have been a roadblock to solar power companies. of course, something we will continue to follow, especially as we charge the path to the big
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vote for tesla coming up. they do so much for stopping by. -- thank you so much for stopping by. that doesn't it for this edition of bloomberg technology on this momentous day. tomorrow we have bob iger joining us to talk about the company's latest earnings report. we are live streaming on twitter. this is bloomberg. ♪
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rishaad: announcer: from our studios in new york city, this is "charlie rose." haveie: i am pleased to bonnie raitt back at this table. 20 years in 1995. but how are you? bonnie: i am great. anding ready to step -- start the second leg of our tour and we are doing our summer outdoor tour starting friday night. in 1977 even a little bit more. a. schu used the word and you have talked about

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