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tv   Bloomberg Technology  Bloomberg  July 21, 2017 5:00pm-6:00pm EDT

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posting on twitter it had been an honor to serve the president and country. his resignation came shortly after president trump hired anthony scaramucci as communications director. president trump is shaking up his legal staff. john dowd will be the lead attorney on the team dealing with special prosecutor robert mueller's russia investigation. he is denying reports the president wants to highlight potential conflict of interest on the special counsel's team. deputy foreign minister is accusing the u.s. of not living up to its side of the nuclear agreement. the u.s. announced new sanctions this week and warned tehran would face consequences for breaching the spirit of the deal. it is official. the u.s. government is banning muslims from -- americans from traveling to north korea after otto warmbier died. he was in a coma when he was
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flown back to the u.s. where he died. global news 24 hour the day powered by more than 2700 journalists and analysts in more than 120 countries. i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ ♪ emily: i am emily chang. this is "bloomberg technology." sean spicer steps down as white house press secretary just after anthony scaramucci is named president trump's communications director. we have the latest on today's big white house shakeup. plus, china's master plan to lead the world in artificial intelligence. we dig into beijing's new ambition and how it plans to invest $59 billion.
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it rolls the dice on its own self driving technology. is it too far behind for the race? we will compare their strategy to uber ube's. a staffing shakeup at the white house. sean spicer announced his resignation after president trump hired anthony scaramucci as his medications director. sarah huckabee sanders will become the white house press secretary. scaramucci is the founder of sky bridge capital and a campaign fundraiser for trump. he joins the team amid intensifying investigation for the trump campaign and its ties to russia. with jared kushner set to speak with senate investigators next of theresident trump's sun and paul manafort are both scheduled to appear before the same senate committee. joining us from new york are kevin cirilli and my guest cohost for the hour, david kirkpatrick. kevin, you have been on
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television all day talking about this. said there isucci more palace intrigue, yet the whole press conference was about personalities and relationships. what is the back story from your perspective? >> i have spoken with several sources on everything that went down in the past 24 hours. what i am hearing is this is a political victory for what they are calling the originals, the original staffers who backed candidate donald trump when many in the political universe did not. he is someone who has aligned himself with the old guard, the original guard of the trump world. people like sean spicer who will stay on board through august are not going to disappear. reince priebus is still involved in the white house. it comes at a time when they are trying to turn the page with so many questions surrounding next week in particular with the
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hearings set to continue with regards to russia. , givenwhy is scaramucci he does not have traditional communications experience, he is a businessman, but what else? >> this was a top fundraiser for the trump political campaign. he is a financier very familiar to wall street but not familiar to washington. i think that washington and how he meshes with the inside the beltway crowd remains to be seen. we should note today he faced few questions regarding political policy as well as the russia questions. we should also note sarah huckabee sanders has been promoted to press secretary. this is a big promotion for her. she is well respected by more traditional political circles inside the beltway and is a familiar and known entity. emily: they both deflected
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questions today about russia. david, i'm curious. the noise around the administration is getting louder. there is so much uncertainty about its future. is it a big is this risk for businesses, for silicon valley? david: for silicon valley and business generally, it is already a big business risk. we are at a precarious point in american history where it is extremely hard to see this will not get worse from here. if we have a president who will not allow the investigators to investigate him, he continues to send signals he thinks he is guilty, which leads ordinary that he has got to be trying to hide something. even if it is not true, it is what we think is true. it has to make all business leaders very nervous about what that could mean for the economy, for foreign affairs, for the breakdown policy.
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i think it is a scary moment for the american people and american business. silicon valley included. emily: kevin, looking ahead to next week, jared kushner is set to speak with senate investigators. what do we expect from that conversation? >> jared kushner is set to meet behind closed doors with the senate intelligence committee. i spoke with a democratic member of the committee earlier today. they are pressing for more .nformation about finances bloomberg breaking the exclusive this week. on wednesday, donald trump, jr., and paul manafort have been invited to testify. unclear whether they will accept the invitation. they were supposed to reply to the deadline by the end of the day. they have a couple more hours. in terms of policy, we can talk about that on tuesday. the health care vote is likely not going to pass. the conversations regarding tax reform as well as deregulatory financial policies still ongoing as well.
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i expect a potential budget vote in the house next week setting the stage for tax reform. lawmakers trying to turn the page and bracing for a failure on health care policy. there's a big -- the fed has a big meeting on wednesday next week. emily: not much at all. what about the interview president trump did with the "new york times" where the idea of firing bob mueller came up? the special investigation has moved into covering his business interests. scenarioe know about a in which that could be possible? >> bombshell bloomberg report yesterday. special counsel robert mueller is reportedly expanding the scope into president trump's business dealings. "the guardian" had an exclusive this week suggesting there has been communication between the investigators and deutsche bank with deep financial ties to the trump world and kushner world.
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"the new york times" reporting about the debt obligations of paul manafort to russian and ukrainian influences. all of that suggesting this is faction and realm of the investigation into the financing and not just into the cyber sphere. i have spoken to several sources suggest they are very much looking at the data of both political entities interim world and democrats as well --trump world and democrats as well. emily: if you are a c.e.o., are you preparing for something? david: i think it is hard to prepare for this regardless of what you do in the american system. i think we are all watching like deer in the headlights. we have never seen anything like this before. it is reassuring to business leaders markets and economy still seem to be doing great.
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trump continues to point to that as a sign people should not be worried about anything because that proves he must be doing a great job. there is an element of reassurance in that. i think there is real risk. as i mentioned before, things could happen that could throw markets and the economy into a new position. we just don't know. there are so many things we don't know because we have never been in a place remotely like this before. emily: techonomy c.e.o. david kirkpatrick, you are sticking with me. kevin cirilli, you will keep covering this for us. i hope you get some sleep. sticking with news, "the washington post" is reporting google spent nearly $6 million on lobbying in the second quarter of this year citing disclosure forms. that is a 40% jump from a year ago. some of the issues included
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responses to the travel ban, education, and privacy regulations. coming up, we will explore the latest in the volatile world of cryptocurrencies. is the height around initial ype around initial coin offerings about to blow up? this is bloomberg. ♪
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emily: checking in on bitcoin, the cryptocurrency rallied this week as the developer community embraced a new mechanism. the group was previously split on how to make it more manageable. there is still a ton of interest in the crypto coin market with a flurry of initial offerings that can offer high risk for high reward. for more, let's bring in caroline hyde in london.
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caroline: thank you. withnow joined by a man ethereum. he has now founded another cryptocurrency startup, iohk. wonderful to have you passing through london. today, the news is a coin rallied -- bitcoin rallied yesterday. it looks like the developers are backing the development. is it good for the ecosystem for it to split? >> it is great. it shows the resilience of things. it looks like it is healthy and its future is bright. caroline: the future is bright for bitcoin. talk about the landscape. initial coin offerings going through the roof. 700 to 800 cryptocurrencies exist. ipo's are up six times in the last year. you say this is a ticking time bomb.
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why? >> the fundamental problem with ipo's is they are magical because they create liquidity and allow people who have never been able to raise capital before to do so. they have caused some people to forget the basic business principles of due diligence do not go away because we have technology. it reminds me of the dotcom boom and best. with new technology and paradigms, i see a lot of similarities in this respect and get worried people are raising too much, too quickly and have not thought about the convocation -- consequences. caroline: eventually regulators caps on? >> that is one. too much money can be as bad as having too little money. you don't execute faster but have stronger expectations and a more aggressive group of investors. the other side is salaries go up. negotiation leverage goes down. everybody knows you have $200 million.
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as for regulators, it is a concern. everyone of them have an opinion about what these things ought to be. at some point, it has to make that opinion public and force actions in some respect. caroline: the ipo's we have seen come out, if regulation does come in, who does that affect? the base with a company that raised the money? >> from the investor base side, they lose liquidity on the tokens. they lose the value on trading. on the business side, they may lose their faith accounts. they may face some sort of criminal or civil issue. it depends on what representations were made, how much capital they raised. it is a snowflake situation. caroline: people they raised the capital from, who are the investors?
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with blockchain, you cannot tell. it generally goes who have won out with early bitcoin successes? >> we don't and with these people are or where the money is coming from. i would speculate a lot of the people are people that got lucky with the coin and ethereum so they put some money in. they wake up and are millionaires. they say let me see if i can do it again. it is fast money chasing even faster money in that respect. caroline: is it real money? how liquid is it if you own bitcoin or the other cryptocurrencies? >> it is tremendously easy compared to where it was a few years ago. you can sell billions of dollars. there is something where you can put bitcoin on it as a card and spend it. liquidity has improved over the last few years.
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there was one where they liquidated the vast majority of money they raised as a hedging strategy. to be fair to them, it was more like a value transfer. they have a fiduciary responsibly to be conservative and not be currency speculators. caroline: the time bomb. what happens to this ecosystem up to 2020? do we see selloffs, implosions, rising from the ashes? >> some people go away, some stay. it is hard times for a little while. the regulatory landscape changes. the bad actors tend to face some records and we move on. completelyot stop a new way of looking at reputation and value and trust and the ability to move money anywhere in the world simultaneously, which is something we have not had ever in the entire history of the human race. caroline: what is the end goal?
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how do you see this affecting real people? how will it affect me in my real life? >> if it works in the western world, it should not impact you explicitly. voip.kind of like it was the future. then skype came around and organically creaked up and now it is in everything. from the western world, it will be settlement and clearing gets faster. transaction costs go down. when you buy something abroad and spend dollars, they get euros. the cost of the transaction goes down tremendously. you will see improvement which will lower cost. in the developing world, it is a completely new financial system that runs parallel to the banking system. for the first time over, opens up microcredit and a litany of
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other things that are tremendously beneficial that allow them to build real wealth. caroline: fascinating picture you have painted so eloquently for us. iohk c.e.o., wonderful to have him joining us. emily: thanks so much, caroline. china is taking aim at the ai industry. why artificial intelligence has become the new focus of international competition, next. this is bloomberg. ♪
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louis vuitton has started selling online in china. it will cover 12 cities. the parent company is trying to capitalize on the luxury rebound in china following a downturn in recent years. vmh has been revamping its broader digital strategy.
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china is making a push in artificial intelligence, aiming to make the ai industry an important driver of economic expansion by 2020. the development plan was issued by the state cancel. stocks rose on the announcement by as much as 9.2%. york, selinaom new wang. still with us, my guest host, david kirkpatrick, c.e.o. techonomy. what is your take on the chinese government publicly ramping up its efforts in ai? clear directive coming from the top ranks of the chinese government saying we want to be the global leader in this area. we no longer want to be a follower of western technology. we saw western companies become the dominant players in software and chips. they are saying ai is emerging technology and we have room and time to beat out the competition.
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but the experts say china is only a step behind many of its western competitors. the chinese government clearly thinks with the partnership plans and the investment capital , they still have a chance. these are very bold ambitions. they are saying by 2030, china will become the world's premier artificial intelligence center in the world. emily: they specifically say this is to give china a competitive advantage, in part because of national security concerns. does this raise alarm bells for the u.s. government? >> there are reports the u.s. government is watching closely chinese investment in u.s. humvees developing artificial intelligence. they have seemed to tighten controls as well as delay some approvals of the deals. the u.s. government is going to be watching how they plan to use ai for military technology. not to mention the fact that as china is bolstering its investment in ai with a bold
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claim, at the same time the u.s. has been cutting back funding to science research. emily: david, ai seems to be the next big thing from almost everyone's perspective. to some extent, it is not surprising the chinese government would want to focus on it. perhaps they are doing so publicly, what is your take? >> it is a start contrast with our own government which is not doing much at all to push the progress forward of this technology except perhaps to the degree they are doing so secretly in the military. i'm sure there's a lot of work behind closed doors. when we think about the fact that our government invented the internet and that kind of project has been our history, we have a president i don't believe who has ever uttered the phrase artificial intelligence. if he has, i doubt he would be able to explain what it is. not that it is easy to explain, by the way.
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here we have it the highest levels of chinese government, a major commitment. it is a stark contrast that is scary. luckily, we are still ahead. google, facebook, amazon, ibm. a number of our big countries -- companies are putting resources into it. the same is true in china with alibaba and tencent. they have the ways and people to advance it. i have sure they will be working closely with the chinese government. it is worrisome. we are still ahead. we cannot assume that will remain the case. emily: what does it mean for those chinese companies that david mentioned already working on ai? >> baidu, alibaba, and tencent a rapidly trying to catch up to google, facebook, and amazon. with the help of the government, it will accelerate the closing of the gap. baidu has done significant work in voice-recognition technology, and driverless cars.
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they have a big research center in silicon valley as well as one in china with the cooperation of beijing. ur ase seeing tencent po well as alibaba. we are seeing them invest in driverless technology. this is going to be fuel to continue to push ahead and be the leader in this field. emily: selina wang, thank you so much for that report. david kirkpatrick, you are sticking with me. coming up, from netflix's international search to google results, we will break down earnings and look ahead to the onslaught. this is bloomberg. ♪ these days families want to be connected 24/7.
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that's why at comcast we're continuing to make our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. alisa: i am alisa parenti in washington and you are watching "bloomberg technology." president trump has hired financier anthony scaramucci as his communications director.
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he was a fundraiser for the trump campaign and his name has been floated for several jobs in the administration. he spoke to reporters at a press conference to announce that appointment. >> this is an opportunity for me to serve the country. i love the president. i obviously love the country. it is an honor. is reportedlycci at least the third person offered the job of white house conditions director since trump was elected president last year. white house press secretary sean spicer resigned shortly after the announcement. president trump endorsed scaramucci after the new communications director wrapped up the press conference. president trump: he is a terrific guy. alisa: the president praised the uss arizona survivors as living
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examples of courage and patriotism. the russian doctor/lawyer who met with donald trump, jr., during the 2016 campaign represented a military unit operated by russia's intelligence agency according to the associated press. trump jr. met with her in june of 2016 after being told she could provide potentially incriminating information about hillary clinton. around 1000 people gathered tonight in front of the polish supreme court building in warsaw to protest the new law that would give politicians substantial influence over that country's supreme court. critics say the move would defy the principles of the european union. moroccan demonstrators frustrated over corruption clashed with police at an unauthorized protest today. police had running battles with protesters who scattered. the philippine president says he will never visit the united
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states while he is in office citing he has seen america, and it is lousy. that is after you was asked for his reaction to a threat from a u.s. number of congress to lead a protest if he accepted president trump's alleged invitation to the white house. saudi arabia's king has stripped the interior ministry of power. those powers have been transferred to a newly created by overseen by the king. this move comes after you pointed his son as crown prince last month. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am alisa parenti and this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily chang. netflix is a standout this week
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with shares hovering at a record high after the stock jumped on tuesday on second-quarter earnings results that surpassed already high expectations. earnings season will continue in full swing next week. among the names reporting, alphabet, facebook, twitter, amazon. david kirkpatrick back with me. i want to start with netflix. subscriber numbers increasing. they are saying they are still going to spend a lot of money on original content that only seems to get better. what is your take? david: the story gets better in terms of the stock and momentum. i personally find this to be a extraordinary overvalued company that does not have a lot of the qualities of companies it is compared to like facebook, google and amazon. the thing that amazes me is the , eveney announced earning though they compete with hbo, hbo is part of time warner. after they reported their
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earnings, their market cap surged past the total market cap of all of time warner. i think that is a very strong vote of confidence on the market in terms of what this company can do long-term. i am not saying the momentum is going to slow in terms of execution, which is superb, but i think the price is extremely high. emily: they are spending billions on original content. it remains to be seen how that will pay off. let's pivot to google and facebook, dominating the ad market, online ad market more than ever. where do you see chink in the armor? david: i do not know if it is fortunate for unfortunate. i don't see a lot of chinks in the armor for either company. i don't think snap is a serious enough problem for facebook investors. google's dominance globally continues to be consolidated. in the case of google, the fact
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they have had to pay a $2.7 billion fine in europe because of their practices in terms of how they pointed traffic to their own products is worrisome. that is going to hit their earnings this quarter. it will not have a hugely negative impact because they are such a profitable company. but i would say that is the concern long-term. but it is long-term for all these companies. regulatory pushback as their dominance and monopoly behavior becomes more a matter of concern to governments all over the world. from the standpoint of their earnings and ability to make money, i don't see a lot of concern. emily: what about me comes to fake news and online harassment? facebook has added 3000 people to deal with it. has added what the c.e.o. calls kindness to combat that. how big of a challenge is that going forward? david: she takes these things very seriously. facebook has done an amazing job
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in my opinion of pivoting. zuckerberg said last year it is a crazy newspaper this is a problem on facebook to now saying yes it is a problem. we have a responsibility to the global community to do something about it. i think they are trying superhard to take steps that are positive. it is an extremely tough challenge. i think it is to their tremendous credit they have pivoted to taking this seriously. zuckerberg in the case of facebook and instagram saying we take it seriously, we are going to do something about it. i don't think it is going to be a short battle. it is a battle that will be endless. like everything else, it is an arms race. people aiming to deceive will continue to improve their techniques even as the internet companies and facebook in particular improve their own techniques to identify and
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suppress things that are not accurate. emily: what about twitter? last few years, we have been talking about the business of twitter. so many management shakeups. jack dorsey coming back at c.e.o. this is a place where president trump is getting his message out. we have not been talking much about the business of twitter of late. last quarter looks pretty good. do you think things are getting better on term? -- long-term? david: i think twitter has stabilized and may be taking a step forward that is quite positive. if they cannot capitalize on the moment we are in where they on the mesh are on everyone's list all day long, it would be ridiculous. it seems like they have implemented around video. they have taken very seriously some of the challenges to maybe not be as ambitious about becoming a real competitor to facebook because they are never going to be that, but to say we
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have a reasonably good as this that has a kind of traffic. let's come up with practical, pragmatic ad formats people are not going to be annoyed by. marketers are buying them and they are selling them. i think that is really promising. i think twitter is slowly getting better. as you will recall over the years, i have been kind of negative about twitter as a company, as a stock. they are still valued highly for what they can do. but i think twitter is definitely turning a corner. emily: we have got to talk about amazon. if any of these companies has the wind at its back, it may be amazon with so many new bets with so much potential growth. ,he company buying whole foods amazon spark. what are you looking for when it comes to amazon next week? david: i think the wind is at the back of amazon, facebook, and google like no companies have ever had the wind at their
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back. amazon is not that different from the other two except its valuation is much higher and its profits are much lower. that is because they have had this astonishing attitude towards growth for decades that continues to work for them. buying whole foods was a stunning move that i think goes to say a lot about their incredible ambition that just never ceases. jeff bezos is an astonishing business leader. in cases like this in most companies, i would say the evaluation is out of whack. in the case of amazon, i do think they have the ability to own more and more markets across the economy which i think will eventually attract the concern of regulators and policymakers in many countries. but that is not really happening now. therefore from an earnings an investment point of view, they are still heading to the moon. emily: it will be a big week
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next week. we will be all over it. facebook, twitter, google, amazon. david kirkpatrick, you're sticking with me. he announced his departure in a facebook post. he held the c.t.o. role for about nine months. he came to dropbox from the acquisition of cove in 2012. some of the most buzzed about ipo's have left investors underwhelmed. we will hear from the global head of listings at the new york stock exchange. we bring you our best interviews from the week am including -- including retired general keith alexander who is now at the helm of cybersecurity. tune in this saturday for the best of "bloomberg technology." this is bloomberg. ♪
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emily: the online financial advisor has secured $70 billion in fresh funding. values the company at $800 million. that is up from the 2016 valuation of $700 million. he gives it more clout to compete with rivals in an intensifying market. competitive threats include vanguard and social finance would cap launched automatic advisors or hybrid versions. been the's, 2017 has year of the flop. blue apron tent since it started trading last month.
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the new york stock exchange says it is expecting an avalanche of ipo's in these market conditions. uttle inwith john t aspen earlier this week. >> i think it will be helpful to look at where we were last year at this time. i think we had zero ipo's in the first quarter. it was the worst year for capital raising in a decade. this year, we have come out a lot stronger. we have had 49 ipo's. sunlight snap and blue apron have not had a result they would like in the first few weeks. but these are companies he managed for the long-term. markets are going to go up and down. it is an ever-changing competitive landscape. they are trying to manage in this environment. the companies that have gone public, many have performed well in the weeks, months, and quarters following listing. emily: what about companies like uber, airbnb, and pinterest?
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companies staying private longer and this mentality it is safer to stay private? >> i think that option is only available for a handful of companies that have truly sustainable business models or the ability to scale and be profitable quickly. i think their biggest challenge is liquidity. they are well-capitalized. that they have employees that joined the company's 10 years ago. now they are looking for liquidity. i think we could see these companies come to the public markets in the next 12 to 24 months. emily: what about the disconnect between private and public markets? >> it is slowing down the pace at which companies are becoming outlook. it has at times and at first impact on them because it requires you to be well disciplined. a lot of times, the quicker they get out the were return for shareholders.
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market conditions staying as they are, interest rates, the vix low and stable. we have a strong pipeline of companies set to come out from across sectors. we are expecting an avalanche of ipo's. appropriate in aspen. we are expecting an avalanche host labor day from different sectors and different geographies. we are seeing a lot of action out of asia, south america, and europe. emily: what about the uncertainty around the administration? is that giving people pause? >> there is always gridlock in washington. emily: not quite like this. >> true. from our standpoint, helping companies to raise capital, we are focused on the positive developments taking place. we have a chairman who has made a pillar of this platform, capital raising, and making life easier for public companies. there are a lot of requirements. emily: talk to me about anticipation around upcoming companies. dropbox for example. >> i cannot comment on any in
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particular. it is safe to say companies considering the capital markets, we are talking to and will be ready for them. emily: how do you prevent a drop like last year? >> it seemed like the aftereffects of the valuation caused volatility that rippled across all asset classes. a lot of it is out of the stock exchange's control. we want to make sure when conditions are right, we are ready to receive these companies. emily: john tuttle, global head of listings at the stock exchange -- new york stock exchange in aspen. we will discuss how the company can get ahead in the world of self driving technology. a feature i want to bring to your attention. our new, interactive tv function at tv on the bloomberg. you can watch us live. you can go back to an old interview. you can send our producers a
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message. this is for bloomberg subscribers only. check it out at tv on bloomberg. ♪
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emily: silicon valley startup accelerator is raising up to $1 billion for its new venture capital fund according to ask xios. it comes after the closure of the growth fund. the accelerator is one of the most influential startup entities in silicon valley. they incubated companies like airbnb, dropbox. lyft is driving into autonomous vehicles. it is opening a self-driving car development facility in california. until now, it has focused on partnerships with the likes of g.m., alphabet. c.e.o. techonomy,
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david kirkpatrick. and eric newcomer who covers uber and lyft. what is lyft doing here? >> after saying we are focused on our human drivers, lyft is saying we are going to do some work on self-driving cars ourselves. by the end of 2018, we will have hundreds of employees working, trying to play catch-up, is still partner hedley with automakers and other companies -- heavily with automakers and other companies. emily: which is the way uber handled it. >> uber blew it out. they hired carnegie mellon researchers. otto, which has created a scandal in his legal fight with waymo. uber has been investing since 2015. lyft is starting in earnest to do it itself. bill girly thinks
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it is decades out. what is the significance of this? david: i think it is dependent on what kind of geography you are talking about. in the urban centers where they get most of the business, it is quite possible self-driving cars could come much sooner than they would for all of us to replace our cars with the self-driving car we take wherever we go. i think it is absolutely prudent for all of these companies to take this seriously. and there may be an interesting period where we will stop something like a driver but the car will be safer because it has more software steering it. i have a little trouble understanding exactly what lyft is doing here. eric wrote an interesting piece. but there seems to be disagreement among some of the people covering it whether this is making lyft more like uber
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which has taken a we want to do it ourselves approach or if it is giving lyft an opportunity to work with a broader range of partners which could give it more flexibility down the road while still keeping it in the game. emily: i want you to clarify exactly what you believe is happening. also, i'm curious if uber's efforts have slowed down as a result of the lawsuit and travis leaving. is anything changing at uber? >> i don't think uber truly wants to go it alone strategy. i don't think it is a truly going alone. i think the carnegie mellon folks are still hard at it. there are plenty of otto people there. partnering isde, key to the strategy. i wrote they could bring in other companies to help finance and do the research. i think it is a collaborative approach.
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the goal is to do everything they can to make autonomous work. they don't necessarily need to own it themselves. they just don't want anyone else to have a lot of leverage over them. they do not want waymo to be the only one with self driving technology. they want to make sure other players are capable of providing self-driving cars when the technology is ready. emily: new names keep getting thrown out for the uber c.e.o. search. what do you know? , i will time you ask me say they are not the c.e.o. it seems there is still some disagreement. i think people are going to have to come together. i will not name names. there is still a process to look for the c.e.o., so there is nothing i can share yet. emily: and nothing in the near term? >> never say never. emily: david, thoughts? david: one name surfaced, the vice chairman of bank of america
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might be a contender. it is sort of informal whatever discussions have happened so far. i thought it was interesting the idea of someone from that big of a company could go to uber. uber is a big startup but still has a startup mentality. i think having a woman as c.e.o. of uber would be a practical benefit to the company if the right person. i find it weird to think somebody from bank of america's going to be the right c.e.o. for uber. emily: that name was mentioned in a report from axios. >> i trust dan. maybe somebody talked to her. it could be a big company person. airline people. i think big, global industries are what some set of the board thinks is the right idea. they will need a tech visionary. is travis going to stick around and be that visionary? is it going to be somebody else?
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there are many positions available. they need some configuration of global operations expertise, a statesman, and tech visionary type person. they need to bring those people together. emily: i'm expecting new information about this next week. eric newcomer and david kirkpatrick, thanks so much for joining us. have a wonderful weekend, everybody. that does it for this edition of "bloomberg technology." next week, we will bring you full coverage and analysis as tech giants report earnings. you will see it all here. ♪
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♪ announcer: from our studios in new york city, this is "charlie rose." we begin this evening with politics and an interview -- internet interview, president trump revealed he would not have named jeff sessions as attorney general if yet known he would have recused himself from the russian investigation. announcedy, sessions he would remain in his post as attorney general as long as appropriate. today marks six months since president trump took office. washington,rom robert cost a is a national

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