Skip to main content

tv   Bloomberg Technology  Bloomberg  January 25, 2017 5:00pm-6:01pm EST

5:00 pm
border and another to restrict aid to sanctuary states. he spoke to abc in his first interview since the inauguration. will trump: ultimately it come out of what is happening with mexico. we will be starting negotiations soon and we will be fully reimbursed by mexico. >> they will pay us back. pres. trump: 100%. alisa: they are lining up executive orders to reduce the u.s. role in the u.n. and other organizations, according to "the new york times," which says that palestine and states that support terrorism are also targeted. the ap reports the administration wants to stop accepting syrian refugees and plans to delay issuing visas to citizens of seven muslim majority countries. george h.w. bush could be home this weekend according to a statement from a spokesman, who says the president's lungs are clearing up. and actress mary tyler moore has
5:01 pm
died. her publicist says she died with her husband and friends nearby. she was 80. global news 24 hours a day, powered by more than 2600 reporters and analysts in more than 120 countries. i am alisa parenti. this is bloomberg. ♪ caroline: this is bloomberg technology. up, the tech season heats up with qualcomm, at&t, and even they are reporting or it result ahead as the dow clocks and above 20,000. plus, cisco ceo tells us how it's $3.7 billion acquisition permeated the first major tech ipo of 2017. finally, lucky money turns digital.
5:02 pm
with the help of $.10 messaging app we chat, we take you to chen's and to show you how the chinese tech giant is gearing up for the lunar new year. first, to our lead -- the earnings parade continues at qualcomm, at&t, ebay reporting results after the close. qualcomm reporting sales that came in just shy of estimates, giving guidance it may miss sales and profit estimates in the current period. as you can see on the bloomberg trading, just slightly lower in after-hours trade. i'm joined by cory johnson. these numbers, because glass half-empty it seems to the investor base. cory: numbers are in line with what the company has been giving us, diminishing returns. they had bigger growth as smartphones became bigger, but now that is saturated and replacement business, the growth is not there. caroline: one major key concern has been on every front, they
5:03 pm
are seeming to be attacked, whether it be competition or in some ways, the litigation they face to do with licensing. any updates in that respect? they are facing antitrust challenges in south korea, which has been going on for a long time, and now in the u.s. this soup from apple. from apple,his suit the ceo talked about what he thought the relationship would be like with apple. >> we intend to remain a good supplier to apple even while the dispute continues and believe there is no better long-term partner for apple them qualcomm and our industry-leading technology. we believe our strong and highly differentiated products will continue to be the foundation for our relationship and covers a broad range of technologies that will be fundamental to new products for years to come. that point, what we soften the company in terms of margins was pretty strong, 6.9%. that maybe suggests apple sales
5:04 pm
were strong. caroline: and just time for the licensing is when it comes to profit, a major driver. cory: it is a fascinating business model they have exploited to terrific success where they create great designs for chips, let alone deal with the hassle of making them. caroline: they charge by the cost of the phone, not perhaps the cost of the chip. i want to look at ebay. it is jumping after-hours trading, up about 7%. numbers don't look that phenomenal. we have seen numbers come in line. fourth-quarter forecast look to be hopeful. cory: it is about the analysts more than anything else, they under predicted. what you saw from this business was a little bit of progress, particularly with their business in the selling tickets, stub hub. revenues of 5%. -- gross merchandise by them up 5% but revenue up 20%, very strong.
5:05 pm
it shows they are capturing higher-margin, better pieces of the online sales business. caroline: there have been concerns that amazon might be eating into the auto part. also on ebay, they are trying to do a swift turnaround to try to make it easier for you and i to wade through the billion products they offer. cory: for 15, 20 years, amazon has been targeting ebay. it is why ebay bought paypal so it did not fall into the hands of amazon. the car business, amazon let's get away from them and ebay dominates their. atzon is starting to look car parts, but ebay is dominant in that sector. right now, they own the business. caroline: let's make it three a charm. at&t falling a little bit. we knew it was coming up in terms of subscriptions and we are seeing anything about the time warner deal? cory: nothing in terms of progress. these results are not as bad as horizons, that is about all you
5:06 pm
can say. 1% decline year-over-year in sales, verizon downs at percent -- verizon down 6%. both hurting. the directv acquisition may not have been the best idea, enormously expensive. directv is losing customers. the time warner merger, maybe they are hoping for adjacent businesses. strangely, after all the effort and semi-decades of trying to add wireless, it looks like the businesses with the least wireless are the ones that worry wall street the least. caroline: we will put this all in the flavor of a record-breaking day. we will get to that in a moment. but these are companies, even though it did not seem that qualcomm has not hit targets today, generally tech seems to be on track as far. cory: the market overall seems to be taking a risk on the day-to-day trading and willing to go towards stocks that are
5:07 pm
more risky. what i thought was interesting was the cisco acquisition. priceinfinitely higher than they were going to go out on ipo. decisions,porate more important long-term than short-term trading, are being made based on valuations that the market might give some companies. caroline: maybe even more cash to repatriate. we will see if that trend continues. cory johnson, thanks for joining us. we will continue our discussion of ebay earnings later with the ceo of button, which just expanded its partnership with the e-commerce giant. the overall markets continue its record climb. all three u.s. averages closing at all time highs after corporate earnings reignited investor optimism in growth, as we heard there from cory talking about the risk and appetite. dallas trading above 20,000. is trading -- dow
5:08 pm
above 20,000. this function breaks down the sectors. you know i.t. is a big player in nasdaq, but where is it in the dow? it is the second-best performer, up 1.6%, helping drive forward the record-breaking numbers. , you will remember where you were when you saw that number. ask dynamics on track to be the first major u.s. tech ipo before cisco decided to snap it up. we will speak to ceo chuck robbins. a reminder that all episodes of bloomberg technology are live streaming on twitter weekdays at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪
5:09 pm
5:10 pm
caroline: samsung is not the
5:11 pm
only company with battery issues. hp has recalled over 100,000 lithium-ion batteries and laptops. this is an expansion of the 41,000 recalled back in june 2016. the consumer product safety commission stated the reason is possible overheating that can pose "fire and burn hazards." hp says it will provide free replacements for each eligible battery. cisco is making an acquisition. they are acquiring appdynamics for a cool $3.7 billion. cisco smashed the software maker just before it planned to go public. publicscheduled to go wednesday in this year's first major technology ipo. bloomberg daybreak: americas team spoke to ceo chuck robbins earlier on the news. >> yesterday was a great day for us. we had on display two great levers of how we drive innovation in our portfolio. in the morning, we launched
5:12 pm
cisco smart board, which will revolutionize meetings and business. one of the headlines was it was the coolest product cisco has ever built. in the afternoon, we made the acquisition of appdynamics, which we think is a tremendous synergistic acquisition. if you look at appdynamics, it is a cloud-based application performance management system, but in reality, what they do is translate application performance into business insights for the customer, and they do it across private and public cloud. we think the synergy of what we see at the infrastructure level and what they see in the application layer creates visibility that no other company can provide. we are very excited about it. i was there yesterday, 15 minutes after we made the announced that. i addressed the employee base and i think they are excited as well. a good day for us. >> i have a couple of questions about the deal itself. you paid a pretty high price,
5:13 pm
$3.7 billion. there were reports the ipo would go for half of that. it is a start up, so it is not making money. is it diluted of and -- is it dilutive and at what point does it become accretive? clerks there are a few things that are important for us to understand. they are the best company in this space and are growing twice as fast as their nearest competitor. there are growing faster than any publicly traded software company today. caroline: that was cisco ceo chuck robbins. the record-breaking sale values appdynamics at about 18 times the company's revenue in the past 12 months, good news for investors. joining us now is one of those investors. co-led the series b round in appdynamics. hats off to you, congratulations.
5:14 pm
how much did you put into series a and what is the reward? >> i made an investment back in april 2008, about five and a half million dollars and the company was not valued above $2.5 million. it was valued $11.5 million, now $3.7 billion that must be such a reward for you. did this take you by surprise? we understand there were talks with cisco late last night in the hotel's. when did you get the offer on the table? >> we signed the agreement minutes before the announcement yesterday. we were really proceeding down the path to be a public company, and i think the strong belief in the company's management team and the board that this could be a multibillion dollar business looking forward. cisco and the company did not know each other. invitedys ago, chuck
5:15 pm
the ceo of appdynamics to his home, and that led to some very intense conversations. with cisco's management team. team came tonamics the conclusion that merging with cisco could help accelerate the mission of the company and gain market share much faster. caroline: if it had listed, do you think it would have got to $3.7 billion valuation anytime soon? >> is hard to tell because we did not go public, but the ipo roadshow was very strong. the best data we have is that if we had gone public, it would have been a very strong ipo and would have likely traded up. caroline: i think it is fascinating. you have been on the board of appdynamics. gridlock helped this company grow, it was the first offices provided. they were working in graylock
5:16 pm
with year when this company was first born in 2008. apart from the pride -- of part in the price tag, do you think cisco was the right way to go? >> every company has to make their own determination whether to continue public or be acquired at some point in their life cycle. cisco is a world-class technology company, a world-class management team, just incredible resources rid i think -- incredible resources. they can be an excellent home for appdynamics, both extending reach for the product line very quickly across the world's largest enterprises and also in terms of synergy with the monitoring data that cisco has. combining that did it the application and business performance data that appdynamics has can be powerful. caroline: what does this say to the highly valued unicorns at the moment looking at the market and wondering whether to ipo, to be acquired?
5:17 pm
you think this might put off others going public? >> i don't think so. i think the indication from the roadshow that the company undertook is that the public markets seem to be very open and very receptive for the best technology businesses. roadshow, the group met with cisco two days ago and it was standing room only. it was full of public market investors, a very rich dialogue. just this morning, my email is full of messages from a number of public market investors around the country saying, congratulations, we really wanted to purchase stock in this company. caroline: now when you are looking at the money you have just -- you have returned your fund and then some. where do you are looking at greylock? you have shown you are right stock picker. >> we are fortunate to have two very strong practices, enterprise technology and consumer.
5:18 pm
i spent my time on the enterprise side. it is really focused on the world's 20,000 largest companies, which is where the world i.t. budget lies. maybe just two i am intrigued by andt now is taking ai machine learning and applying it to use cases that can be deployed in very large companies. you are seeing value in that. ,he other is cyber security which continues to be an area very opportune. rest of the world should listen where you put your money next. we should be following your example. thank you for joining us, greylock partners and investor in appdynamics. coming up, china's biggest internet giants are vying for the attention of smartphone users for the upcoming lunar new year holiday. we will take you inside headquarters in shenzhen and a closer look at the mobile payment strategies. this is bloomberg. ♪
5:19 pm
5:20 pm
5:21 pm
caroline: the chinese lunar new year tradition of handing out cash stuffed red envelopes has under the 21st century, migrating to smartphones. millions of people expected to send gifts digitally. sentding to $.10, users more than $8 billion in one day last year. with mobile transactions more than doubling to $235 billion, encent'sinside t headquarters. reporter: it is a boon for tech companies, thanks to digitization of this tradition. well over one billion mobile transactions are expected as people fire off a virtual red envelope cash gift via their phones.
5:22 pm
via a just $32 million in 2012, china's mobile payment market is worth $1.8 trillion last year, according to researchers. and affiliated companies are the two big rivals in the space to rate their absolute iud's do everything, from buying a latte to taking out a personal loan. it is all about getting a net. >> in recent years, we have seen many players in the mobile payments market, including commercial banks. the competition here is so fierce, it is almost brutal. reporter: with more and more chinese embracing mobile and we chatipay have come to dominate with around 90% market share. that has drawn the attention of regulators, who are expected to ramp up controls this year. the people's bank of china wants
5:23 pm
companies to register their deposit state-owned banks. it is also developing its own crypto currency that could be used online. >> we follow all the regulatory guidelines of any institution offering financial services. as that adapts, which it has continuously done and will continue, we adjust our model to reflect what the regulations require. reporter: china's banks are feeling the pain. market research firms estimate lenders lost about $22 billion in pavement revenue to alipay and we chat in 2015. that is not stopping at china's borders. is trying tol capitalize on the 150 million chinese who travel abroad every year, teaming up with lenders in key tourist destinations to provide services. -- andalso invented design further expansion. >> we can see most of the activity in this region, but we
5:24 pm
look closely at the u.s. and europe and the right strategy there as well. we do have a global perspective and ambition, and we will roll that out as we determined the right partners. reporter: china's mobile payment giants are on a roll, is likely to be their biggest challenge yet. mackenzie joins us live now from beijing. thank you for getting up so early for us to read in the piece, you interviewed a lady about the brutal competition there was. to are the key competitors hourly pay and we chat and how are they tackling it? tom: there is a lot of bloodletting between we chat and alipay. alipay expanded their market share last year, while we chat has seen a falloff in the same period grade you have got other competitors, apple pay, and
5:25 pm
huawei. samsung, android. also the internet search company here have got a wallet. looking at the wealth management side of things. ipay and we whata l chat are offering, they have got apps within an app that make it very easy to use their payment systems, whether that is managing her wealth or buying flights to travel abroad. for the challenges, they have to take on that element of things. apple has the brand strength, still a very popular smartphone maker. qr codes are so popular in china, mostly in-store purchases and purchases for apps. it is difficult for apple to combat market shares. caroline: you mention global expansion. what is happening now? alipay has been leading the
5:26 pm
march. they teamed up with banks in europe and you can now use alipay at stores in london. have also teamed up with verifone in the u.s. it comes down to branding and brand recognition. have they got that, have they got clout? that is going to be a key challenge. for the moment, they are focused on the huge number of chinese touriststhat is going to be a ky challenge. that travel abroad every year, 150 million. caroline: bloomberg news reporter tom mackenzie, thanks so much. coming up, the start up that anded the likes of uber opentable find condiments to other apps. we will speak to the ceo on how the picture of michael -- mobile commerce is app integration. ♪
5:27 pm
5:28 pm
5:29 pm
i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ♪ >> you are watching "bloomberg technology". a check of your first word news, prime minister theresa may told parliament she is not afraid to speak frankly to the president of the united states.
5:30 pm
she meets friday with donald trump. to representwants the uk's interest and secure trade deals. of russian bombers flew around japan today, forcing the japanese military to scramble fighter jets as the north american defense command increased its threat posture. all 11.5s ordered million doses of yellow fever vaccine as it grapples with the largest outbreak is since 2000. officials say 70 cases, including 40 deaths, have been confirmed, 300 still being investigated. italy's prime minister theowledged delays in country's response to the avalanche that buried a mountain hotel. the death toll is now 24. rescue workers have ruled out finding any of the five missing people still alive. alain bolt has lost a med
5:31 pm
in a doping case. carter tested for a banned stimulant from the 2008 beijing games. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. it is just after 5:30 p.m. wednesday in new york, 9:30 a.m. in sydney. i am joined by paul allen with a look at the markets. good morning. morning.d we are off to a bright start in new zealand, up .3%. the new zealand dollar also up on stronger than expected consumer prices for the fourth quarter, an annualized figure of 1.3% still below the target range. deficitand budgets coming in more narrow than
5:32 pm
expected. positive,ures looking but the a sx closed for a public holiday. watch out for an interview with the qantas ceo on their reinstatement of a direct route between sydney and beijing. motors shares out of south korea, not a great year for shareholders. than 2% onre wednesday, analysts lowering earnings expectations. some data, chinese industrial profits and japan services. more from "bloomberg technology" next. ♪ caroline: this is "bloomberg technology". tech earnings. , oftenm shares dipping
5:33 pm
by two point 4%, reporting sales shot of estimates, giving guidance that may miss estimates and the current period. investors theyg subplanning so 2% growth -- 2% growth. another company, ebay reporting 2017 revenue forecasts that topped estimates, shares popping on the news. growth and merchandise boy them, the value of all goods sold on the platform, increased 2%. ebay is launching a data initiative to entice shopping. has been facing increasing competition from amazon and brick-and-mortar retailers online. is our guest.e
5:34 pm
thank you for joining us. first of all, the turnaround in ebay seems to be working. looking back, are they going at it the right way? >> thank you so much for having me. ceo, but the director of the division. amazed by the power of the market dynamic. the blood of the system there. you have immediate scale. intoee amazon dipping more their marketplace business, and this is because it enables a beautiful scale dynamic where anyone anywhere can list and sell products, and that empowerment was something i knew , but i know it
5:35 pm
is fueling a lot of the ebay growth and success. caroline: apologies there. >> yes. caroline: let us know about how you see the off-line to online world. our some of the players getting it when it comes to online retailing? evolution seeing an where people are starting to recognize that there as an importance investing in new technology, where is 10 years ago, you had people establishing a viewpoint that mobile or internet was going to be a short-lived trend. in walmart's acquisition of jet, you are seeing companies really double down on bridging a strategy that allows them to be players in the online world. one of the interesting ones was an investment by staples, another cool example of two companies working together that if you thought back, you would
5:36 pm
have a difficult time predicting that would happen. helps theyour app integration of two apps. where do you see that going? and a half year old company, we are trying to correct some issues we see as broken in the mobile echo ecosystem. ebay and other companies within our marketplace, the objective is to help them find buyers in places that it would be difficult for them to connect to, so the marketplace we created is designed to give them the opportunity to find more purchasers and places they would have difficulty building integrations into and scaling. button.: let's dig into we understand you have a new funding round, $20 million on
5:37 pm
board, $34 million in total. talk to us about the expansion plans for this business. >> we started to validate where we see issue in the market today, and what button is trying to solve, linking structures is broken. when you utter the words i want during the desktop era, you would follow that with a query of google. in today's world, you are often opening an app to solve that problem. what hasn't shifted is the ease-of-use of creating links to build partnerships, experiences that fulfill the consumer need. if you do a search result on a product page or a link from retailers, or looking for hotels and making a booking, so what
5:38 pm
this $20 million will do is to invest as a team, expand internationally, and double down on the strategy and performance we are starting to see come to the platform. caroline: on a day when we see a company about to go public get snapped up by a arrival. what is your dream for button? >> it is a great question. every entrepreneur thinks about it and dream about it. my pledge when i started barton was i wanted to build a company i would be proud of. for me, that was building a place where we could foster the growth of our team. we were voted the number one place to work in new york, and that is because we have invested a ton and making this a location in place where people can come, grow their careers, and we think if we can do that, we will attract the best. if we attracted the best, the sky is the limit. i don't want to say i have an
5:39 pm
ambition to sell anyone. i would be happy to ring the bell one-day, but that is a ways away. i, ceo of michael jacon button. thank you for your time today. launching a social platform curated content around a specific conversation, filtering out the noise that comes on platforms like twitter or facebook. we asked her why she decided to launch the app. need to is a great communicate about the stories we all follow together. like the news presidential elections or sports teams or television entertainment. these are the things we talk about at the water cooler at work, with our families in our living rooms, and today the current social media platforms
5:40 pm
are not ideal for conversations, so we feel like the opportunity is available. facebook and is twitter not a good platform for conversations? many feel there was a lot put out in terms of viewpoints on the social media areas. >> they are both terrific companies and survey terrific purpose. facebook, the market for personal content, the things we do every day, the triumphs with our kids and friends, that is stratified with instagram being the whitest reached of top moments. phase book being the highlight reel from which you take your top moments, and snapchat being the in gauging conversation place for more intimate conversations. the same will happen for the news content on twitter. twitter is moving to that brought reach, breaking
5:41 pm
news, not the safest and most conducive place for conversation. a lot of people feel nervous about trolls, worried that it is hard to use, but there is an opportunity for a more engaging, fun place to talk about the stories with friends that is consistent with what twitter is doing. caroline: how will raftr protect people? how will you make sure you don't have the knock on effects of make news which it is of concern to so many? >> i don't know we can never fully protect them. we will see some of those same issues, but we have tried to build and safeguards. for example, we have our phone registration, so you can't create 30 gmail accounts under different pseudonyms in the same way possible on other networks, and that was a deliberate decision.
5:42 pm
in addition, we have content curators writing for us each week and linking the best content and governing what kinds of content is linked to the episodes we produce. we have a few safeguards we think will help make it safe, help make it less susceptible to some of the problems out there today. caroline: duration has become a big key talking points and about whether human is better than automation. will you be mixing both, or is it human people deciding which stories have the most authority and truth? mix of both. our users vote with their feet. there are 30 million who follow on twitter and facebook the kind of stories we are offering. we look at what stories they want to talk about, and right away the human opinion is part of how we select and curate our stories. built aroundare following stories, not people,
5:43 pm
and that is the key difference versus other social networks. other social networks, you get information from your friends and those circles are getting wider and wider, and sometimes your interest don't overlap with your social graph. our is designed to just follow the stories you care about, so you are self-selecting. that is where the algorithm and technology comes in, serving only stories that are ones that you follow. caroline: that was the former yahoo! president and cofounder of raftr. is next, appdynamics' officially off. we will see what this means for the upcoming batch of ipos. that is next. this is bloomberg. ♪
5:44 pm
5:45 pm
caroline: turning back to a top
5:46 pm
story of the day, cisco's was there be to purchase of appdynamics before it planned to go public. what is next for the tech companies going public and will this spark a flurry of tech m&a? here, hot on the heels of the first tech ipo of 2017, and no more. how often does this happen? listing day, to almost never. it was supposed to price tonight. cisco did come in at a very way she, three point $7 billion, higher than they $1.7 billion market by you they were going for. this is not a common occurrence. bye coat was bought symantec, but they were not on the road yet.
5:47 pm
done meetings cover roadshows, investors were excited, and i guess cisco was more excited. caroline: can this become a theme. could roadshows make it all the more hot for tech companies to buy in? , we mentioned in our report this year that there are a lot of companies in the ipo pipeline, 30-40 companies have a good chance to come out this year, but we use the language that they will have an exit. necessarily mean an ipo. a lot of those companies in the mid range valuation group, not the big names, but the next tear down, they are willing to do a dual track caroline: and see what their options are. there is one man out there hoping this does not become a theme. have a listen. >> we are expecting 10 ipos in
5:48 pm
the next three weeks, including ipo's, andday, three a closed-end fund. those ipo's are big ipo's. caroline: this must have got bankers concerned? >> it does. the deals tom is talking about our companies outside of tech that we have been waiting to see for a while. they are clearing out the pipeline because last year was so choppy and equities, and now we have this trump rally and people are taking advantage of it. what i'm hearing investors want is to buy into them, but there is no supply, and there is still no supply. we heard about these companies going public, but it will be interesting to see who is next. butof these smaller names,
5:49 pm
to your point, they are also the y are hat when willing to write the checks, we have the same kind of companies like cisco. >> it was a record year after a record year, but there was something interesting about that record last year. a lot of the big-name technology companies were not the ones doing the buying. all the traditional serial acquires were not buying. yet, they have the funds to do it. they see these companies bringing disruptive technology, cloud, ai, deep learning, attractive assets disrupting every industry, so it is not just cisco, hp. it could be the walmart, ford,
5:50 pm
png as well. caroline: how much do you think the carrot of donald trump's pledge for repatriation of cash, is that something that could make the cash load and the likes of cisco feel heavier? >> absolutely. if i think about what are the potential positives and negatives of the new administration, two negatives are higher regulatory review, tougher for big deals, and tougher for inbound deals. the other is the growing interest rate him and does that make it harder to borrow money to do deals. on the backside, cash repatriation coming in, the ipo manyt opening up, and people look at the emigration as a bad thing in terms of thes visas. problem, youes a
5:51 pm
could be a acquiring them instead of bringing the man. caroline: thank you for joining us today. still too calm, google's moonshot coming back to earth. it has been a year since announcing its new holding company. we look at how it's side projects are faring ahead of earnings. this is bloomberg. ♪
5:52 pm
5:53 pm
itsline: google has ended 12 year relationship with one of washington's most lobbying group. the podesta group is no longer lobbying on behalf of google. the group has long-standing ties to the democratic party and hillary clinton. this as google is hiring someone for conservative outreach and republican administration takes the white house. its firstill cap fiscal year under the new structure on thursday.
5:54 pm
throughout the year, we have been following the company's transformation. we explain what has changed. succumbingmoonshot back down to earth. alphabet reports fourth-quarter earnings, and wall street expects solid results from its advertising business. the focus will be on other bets. when the cfo came on in 2015 from morgan stanley, shortly thereafter you had the alphabets structure, running businesses more like startups and have a path to profitability. a lot of these projects are like science experiments, and now there pressure to show revenue in the short term. google, their reporting , socture was pretty lacks these projects would get unlimited budgets and they would not have to file expense reports. that has changed.
5:55 pm
google fiber, which ran for several years to deliver high-speed internet, now they plan to go broader and bring it to more cities. there are plans to sell their satellite business. they have shut down recent thrown projects. it is investing money in three core areas around ai, it's cloud business, and its biotech companies. the future of google moon shots may not be sending people to the moon, but more focused on health care. caroline: mark bergen there. on thursdayune in as we break down alphabet earnings. plus, full coverage and analysis as microsoft, paypal, intel report quarterly research. before we go, let's have a look at the markets. live on twitter and
5:56 pm
check us out on @bloombergtechtv . above 20,000, up .8%. one ofechnology that is the best-performing sectors. s&p 500 up .8%. all technology companies that have reported so far have beaten when it comes to earnings. that is it. this is "bloomberg technology". do tune in for tomorrow's report, more earnings, and more record highs. ♪
5:57 pm
5:58 pm
5:59 pm
6:00 pm
♪ announcer: from our studios in new york city, this is "charlie rose". charlie: hugh hewitt is here. president donald trump 13 times during the 2016 campaign and participated as a panelist in four primary debates. book outlines how this president and a unified gop could work together to transform the country. , thells it the fourth way conservative playbook for a lasting gop majority. i am pleased to have you athe

13 Views

info Stream Only

Uploaded by TV Archive on