tv Bloomberg Technology Bloomberg October 10, 2017 5:00pm-6:00pm EDT
barcelona and madrid need to talk. >> so there is a call for dialogue across europe because europe is a fruit the outcome if , thoses not dialogue som calls should be needed so we need to open up a time period to have dialogue with the state of spain. alisa:' president trumps secretary of state rex tillerson president trump and rex tillerson met for lunch at the white house. the president reaffirmed his confidence in tillerson when he met today with former secretary of state henry kissinger, but also reportedly challenged tillerson to an iq test. hundreds more firefighters and law-enforcement officials are headed to northern california to battle wildfires that have killed at least 13 people. more than 150,000 acres have been scorched and at least
one dozen now at valley wineries are damaged. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. isoomberg technology"' next. ♪ emily: i'm emily chang at the geekwire summit summit in seattle. ."is is "bloomberg technology coming up with google, facebook, and twitter are smelling to hold washington regulation and they as a result of the russian political ad scandal. for thethe game plan tech giants ahead of being called to congress next month? also, we will cover how seattle has transformed into a tech hub and one of the centers of
innovation.one of seattle's biggest players is microsoft . we will sit down with the list was of interview with the company's president, brad smith.but first, to our lead. tech giants are bracing themselves in the face of congressional regulation coming their way. paid --velation thatds the revelation that adds paid for by russia on their platforms to influence the 2016 presidential election has sent them into a crisis. they get ready for a public hearing on capitol hill. joining me now is so many who has been covering this story from bloomberg, a longtime computer science professor. thank you for joining us. you just wrote a story about the great lengths that these companies are taking to minimize the damage, if you will, including calling lawmakers personally. talk to us about these efforts. >> these companies offering to
figure out exactly how much this possibility they should take, exactly how much change they should promise. these are all very difficult issues that have grown to the scale they are at now by having these ad platforms that you can transact on automatically. it helps propel their massive growth. cleared they have views ahead of the u.s. presidential election it is something lawmakers are trying to understand and try to think about how they should regulate them. it has really been something that no one has really cared about quite as much as they do now. the companies are coming to terms with try to figure out what the next steps are. emily: you are actually going to be in washington on november 1 covering these hearings the same day as the facebook earnings call. mark zuckerberg not expected to testify? sarah: not restricted to testify.
i think we will likely see somebody who has a little more technical knowledge. that is what senators have asked for. my money is on alex, the head of security for facebook, who has been handling this investigation, although i have not confirmed that. ed, zuckerberg has apologized for minimizing the extent of fake news, the problem of fake news.do you buy it ? >> not for a minute. zuckerberg began by saying it was a crazy idea of misinformation influenced the election. sarah got it right. you have to follow the money here.it is not a pr crisis . it is a technical crisis and almost a moral crisis. emily: what is the responsibility? ed: well, your first responsibility is to take your responsibility seriously, and that is what facebook failed to do for a long time. let's talk about another company for a second.let's talk about our friends at uber. anything that built the business was ok.
it is ok with the ceo, the employees, the board as long as it helps the business. facebook is in the business of selling ads so we know that they had people embedded in at least the trump campaign helping the trump campaign buy and micro-targeted -- ads micro-targeted to individuals. with a story that set they took a trip from -- trick from u.s. business's playbook. part of it was needed and edited turning a blind eye to what was going on. emily: let's talk about that point, sarah. the digital director of the trump campaign said they had facebook employees embedded in their campaign. what is the significance of this? sarah: this is one of the things i have heard internally.facebook executives are very dismayed to hear how they think people had partisan hand in the election. they do not feel like they did. their response to that embedding report is that, well, of course
we helped them. we help everyone. we offered to help hillary clinton. we did not need to with the people in her office the way we did with trump because they were out of new york and we are in new york. totally normal, something we would do with a major retailer or a moviek friday studio before the release of a major motion picture, so again, facebook is just trying to come to terms with the fact that people do not understand how his business works and not understanding so much how these things can be interpreted in this kind of -- now that people are looking at it through the lens of understanding how facebook is used ahead of elections. emily: ed, do you think we can trust these companies to self police? do we need regulation? how do we compel change? ed: congress has got to get involved, but it is a difficult technological problem to deal
with fake news at scale, right? on the other hand, there is a willful blind eye to what is going on, i believe. emily: what about when it comes to advertising and where the dollars are coming from? ed: i don't know what to say about that to be honest. emily: you are sticking with meemily:, longtime computer science professor. sarah covers facebook and is covering the story for us. thank you so much for stopping by. investment in ai software startup. makesurgh-based pentium software that can be used by a variety of industries, including data centers, health care, and more. the company technology is intended to supply the process for companies to use machine learning applications at scale. sceneg up, seattle's tech is on the rise, but how does it compare with silicon valley? we will talk with rebecca. that is next. bloomberg is live on twitter.
company. joining us is rebecca lynn. great to have you back. you met with a few companies this morning in seattle. what trends are you seeing? how is it different from silicon valley? rebecca: two of the richest men in the world here with bezos and bill gates. the startup scene continues to evolve here. it has always been strong, but when you go around seattle, you see the amazing number of new companies that have come up. i met with three companies this morning. three days of companies back to back. emily: across a range of sectors. where is your take on bitcoin and cryptocurrencies? rebecca: i think it is early. bitcoin as a currency is more in the gambling category. emily: one about a fraud, because that is what jamie dimon said? rebecca: i think there are the bad cases as bitcoin in terms of
this was out and out fraud. ipos, when you get into the ipo market, there are some cases that it makes sense. you look at ipos, probably the thing that has made the most sense to me, which is not what we are seeing it used for too much is debt financing. a companyle, in south africa was doing solar panels and the anybody on the income from the individual solar cell was the currency, in other words, right? instead of having to have a big -- upright, you can see it for companies of that nature so it is exciting actually. emily: when it comes to areas of investing, what interests you and what is not? rebecca: i think semtech is always hot. there is a billion dollars in tech company in every single cycle. it continues to reinvent the entire banking system. we are moving more into real estate.
i think since tech will continue to be hot in different sectors. what is cool is the lending space. emily: you did investemily: in lending club early on.they went public in 2014. they have had issues.they had a new have a new ceo. what do you think of the risks and the scandal? rebecca: it was a ceo transition. scott stepped up. he is an amazing cmo for that really and has done a great job leading the company through that executive transition. i think in that case, it was a case of management transition, not a fundamental case of the business model itself. emily: there has been a rash of sexual harassment stories in tech, women at tech companies, among venture capitalists. what is it going to take to change? rebecca: i get asked this and i can tell you personally i have not been sexually harassed. it is kind of funny in a way
because i get asked this all-time, but it is having the right example. more from the men than the women. it just has to not be tolerated. we are seeing that. what we are seeing these days and people standing up and saying that is not ok. that is what it will take. emily: what about his termination? -- about discrimination? rebecca: i have been lucky. i have been in a male-dominated field. i feel like for me, it is more often than not working in my favor, but it is not that i have not seen it. i think for that, again, people saying something about it.when you see it, say something about it and don't let it go that is are you can change it. -- that is how you can change it. emily: one person says he things that are biological reasons. there is a high awareness right the which is positive, but
same tone, there is a fear that many men feel that they have a gun to their head. is not what is going to take? rebecca: you know, i hope not. i would say a huge majority of men i have worked with in my career, when they heard about these things coming out, they themselves were horrified that this is happening, so why worry about are people going to extremes where they are afraid dinnerting women out to for a business meeting. all very normal things for guys to do together, right? i worry about that because i feel like that will set us back even further. i think there is an awareness and a level of not expecting it to happen. emily: ok so they should be taking these meetings, doing these dinners. how do you make sure these things do not happen? how do you make sure nothing crosses the line? how do you make sure women are included? rebecca: i think you be inclusive.
you ask yourself, what everyone feel comfortable on the team if we are having this dinner, going to this event? i often do that myself in terms of my entire team. would everyone want to go and do this event? sometimes you have to make sacrifices that are better for the overall group. i think a lot of it is just a judgment call. the guys that you see that are accused of doing these things, it is not a one-off kind of thing.it is a repeat occurrence . is notendemic -- it endemic. there are bad actors that have been called out before. emily: rebecca lynn, thank you so much for joining us on the show. coming up, much more from seattle. ed helped transform the region as a leader in computer science education. he will join us next.this is bloomberg . ♪
watching bloomberg says you can try yours -- says u.k. drivers with a broad changes, showing it is considering a change to its model. uber has become more like a private hire car service that exert more control over when and where drivers work. the statement is a rare instance in which the company says it may
adjust if the government will miss new labor laws. cl has turned into a hub protect innovation to say the least. outside of amazon and microsoft, it is home to a going number of startups that can lead to a new wave of ai and cloud computing. here to discuss all that and from we are joined by ed the university of washington, one of the top science -- for amazon and microsoft are essentially a duopoly in seattle. where the advantages of that and what are the risks? emily: you jused: you just saw n announcement recently. they need to geographically diversify. emily: is that a blow for the city? ed: in many ways, yes. phenomenologist like microsoft, but we cannot be a one horse town and amazon cannot
be a one town horse. to me, the important thing for us in seattle is to make sure what car jeff bezos can drive here and how can he grow and how do we keep that going? the fact that they need to geographically diversify is pretty obvious. emily: yes. ed: at the same time, we want them to get going in seattle. it was announced they would lease another 700,000 square feet downtown. it has been an amazing contributor to our economy. emily: i do you have been looking at top's policies any impact -- trump's policies and the impact. ed: in the long-term, we know the statistics on the entrepreneurs in this country. a stunning proportion of them were born elsewhere and moved here. people from everywhere over the world come to the u.s. to get education. they historically have stayed here and build the companies and driven our economies. we had now telling him we don't want them anymore.
this is crazy. it has to change. seattle has been at the leading edge of this. amazon was one of the first companies to join the challenge on the travel ban. microsoft and amazon have been committing to provide defense for its employees. this is critical. the tech industry is critical to universities as well. emily: setting of students, ai and cloud computing and machine learning, these are areas that are exploding. do we have the resources to train students to be ready for these jobs? or is there a coming skills gap? ed: there is a huge skills gap in this country in computer science. right? there is a workforce gap in the state. the gap between degrees granted and jobs filled is four times greater than all other areas of engineering. emily: in washington? ed: in washington.
73% of all of the newly created jobs in the next decade in all of stem will be in computing. 55% of all available jobs, whether newly created or of a available, due to retirement. we have to educate them better and faster and grow our great companies. emily: i know you are incredibly passionate about diversity and computer science. women in computer science, what is the progress you are seeing? let's start there. question.s a great it is being taken far more seriously by more universities and companies. university of washington has a long way to go, but we graduated twice as high a percentage of women in computer science last year than the national average. not nearly enough, but we are working hard at it. melinda gates has taken a challenge a year ago it was the keynote at the celebration last week of women in computing. why went to the first conference in 1994, there were 500 attendees.
15 or some of us were men. this year, 18,000 people. emily: what are the challenges that remain? what is not going right for women? ed: let me tell you what i think the great hope is first of all. code.org, which is a seattle organization. in the first hour of code that i ran several years ago, more women and underrepresented minorities spent one hour programming than the entire fifty-year history of the field. a groundswellte from elementary school of students who demand computer science and it will change education. interesting young women in this is important. computer science spent 50 years making things smaller and faster and less expensive. it has been a great run, but that does not speak to making society a better place. the next 50 years of computer science will be how we impact
health-care education,, energy efficiency, the developing world. that is what computer science is about these days. that is going to attract a far more diverse group of people for the field because they care about societal challenges, not about faster, smaller cheaper. emily: what is the responsibility of the industry? on impacting the pipeline. ed: let's see. i think one thing companies can do is ensure they are great places for everyone to work, and google and microsoft have done it. you to pick up the newspaper to see how the newer smaller companies are doing. it is a complicated thing. entrepreneurism brings people who push the envelope, and they may push the envelope in terms of their corporate as well. these are great jobs that everybody is welcome. the most important thing to me is that we need a diverse group
for computer science because we are in a creative process. we are crafting, engineering complex systems in a creative process, and if there are reports of you that are not represented or underrepresented come you get a worse outcome. there will be problems you don't consider so even if you don't care about social equity or anything like that, if you are just a capitalist who wants to sell more stuff, you want the workforce. emily: you are sticking with us for the next block. we will be back with more from the geekwire summit. we will be talking to microsoft president brad smith about these issues and more, coming up. this is bloomberg. ♪ who knew that phones would start doing everything?
no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com. ♪ mark: i am mark crumpton in new york. you are watching "bloomberg technology.". let's begin with a check the first word news. the associated press reports and official said the spanish
government will hold an emergency cabinet meeting after the president and monica signed what they call a declaration of independence from spain. the documentation was delayed to allow for dialogue with that central government in madrid. the prime minister says he will take all steps to prevent cattle on independence. on independence. resistance toged the independence, and to instead work with the government to find a solution. the conflict would have bad an, spain,es for catal and europe. mark: tusk says the future of the european continent depends on "what unites us."
theresa may released a statement of a phone call she had with president trump today. she stressed the importance of the iran nuclear deal, which president trump threatened to decertify. in a letter obtained by espn, nfl commissioner roger goodell says he believes players should stand for the national anthem. he also says it is time for the league to move beyond the ongoing controversy. a plan for handling the contract forhe conflict is planned next week. it is after 5:30 p.m. here in new york. my colleague paul allen has a look at the markets. paul: good morning. trading has been underway for 30 minutes. looking flat at the moment, despite another impressive lead from u.s. equities. the dow hitting another high, up a third of 1%. well.s stronger as in japan, nikkei futures traded
out of chicago up a 10th of 1%, but a little weaker out of singapore. we are keeping an eye on kobe s teel, heading limit down after admitting it falsified strength and her ability data for some aluminum products. later on in japan we will be hearing earnings from family mart and lawson. in australia, asx futures looking high. iron ore slipping a little. i'm paul allen in sydney. more from "bloomberg technology," next. ♪ emily: this is "bloomberg technology."
i am emily chang. we are continuing live coverage of the geekwire summit in washington. joining us right now is red smith, the microsoft president -- brad smith, the microsoft president. great to have you here. you are the chief legal officer at microsoft. you came out stronger than any tech company on daca. you have come out saying, if you come after our people, we will support them. why? >> daca is an issue we believe is important for the country and our business. as an industry, we depend on brightest.best and many of the best and brightest are among lease 800,000 people registered under daca. what they said that if the government seeks to deport our employees, many -- any of the 44 microsoft employees who are daca recipients, we will not just
watch.we will pay for them to have legal counsel . we will file a brief. we will seek to intervene in court. we will be by their side. we want our employees to know we have their back. emily: microsoft has a history of challenging the administration when warranted. what are your main concerns? >> we have a history of working with and challenging basically every administration. we sued the executive branch four times, once one president obama was in office. part we are continuing the debates that started in the last administration around national security and privacy, the protection of customers.certainly immigration is a bigger and newer challenge this year. we stepped forward in the wake of the travel ban. we stepped forward in the context of daca. we believe we need an immigration system that is enforced and needs to be balanced, but we need to recognize that as a country, we
benefit. all of us in this country. it doesn't matter who we are. we all benefit when the best and brightest people in the world work by our side. emily: are you worried about retaliation from the federal government or blowback? >> the good news from our perspective is if we are principled, we explain things we never make things personal. we stood up strongly for daca. i went to a virginia school with ivanka trump to stand up for computer science. or with them apart whenever we should. >> i have nothing to add. this is a really important issue. microsoft is extremely principled. you can see it in all of their actions. we were seeing it earlier in the show, facebook, google, being called by congress to testify about russian
advertisements. have you been looking at microsoft? >> we are looking. we haven't found anything yet. i think we actually need to think about two things. one, what happened in 2016 and how can we learn from it? it doesn't matter if you are twitter or facebook or anybody else. the more we learn, the better it will be. the question we need to focus on is, how do we prepare for 2018?how do we prepare around the world ? there will be another prime minister elected in canada in 2019. there will be a presidential in 2020. in the u.s. in cyberattacks. how -- people will get more sophisticated in cyberattacks. how do we kept ourselves?
that democratic countries of the world to use their voices to say this is an attack on democracy and it needs to stop? emily: do we think we can trust companies like microsoft to stop this? >> i think we would need congressional action here. >> i agree. we need to accept once again that as an industry, we have a high responsibility. we might even have the first responsibility. great mistake to think these fundamental and frankly illegal acts under international law are something the tech sector can redeem by itself. it would be like looking at the street and seeing people looting and asking store owners to put better locks on the stores. we need the governments of the world to rally. this is an attack on democracy on the democratic infrastructure of our country that government
needs to come together, and the governments of the world need to come together. emily: i suggested earlier that perhaps these tech companies were willfully ignorant in this regard. do you think so? >> i don't think so. i actually don't. the truth is, these platforms are large. there are so many people using them, so many different kinds of being purchased. i don't think it occurred to anybody in the tech sector or government, or anybody in the media last year to ask, are there people from a foreign government buying ads? is it didn't occur to anyone at bloomberg, i will that it didn't occur to us either. emily: they did say they started looking into it in june, several months before the election. they didn't obviously understand the scale. it's like looking for a needle in a haystack. if you look at all the ads that get purchased on social media sites, it is a big haystack.
you will get five -- better at finding needles once you figure out where they are and what they look like. i think we are starting as an industry to discern that. i will be the first to say we need to do more, we need to get better, we need to look ahead, the attacks look at more sophisticated. yet, i will also say let's not assume government emily: should do nothing. europe is looking at greater regulation. it could be coming in the u.s. are you concerned about more regulation coming to tech companies? i worry less about more regulation and worry more about less thoughtful regulation. i think there's a place in the world for good regulation. whole industry is extraordinarily focused on may 25, 2018. that is the date next year in europe when the so-called data protection regulation takes effect. we will have much stronger privacy.
that is good for people around the world. that is not bad for tech. it gives us more legal clarity. we will figure out how to manage. emily: i know you have a question. >> i was going to turn this to seattle for a minute. when i moved here, microsoft was 12 people in albuquerque. times have changed. 100u yesterday became the company headquartered elsewhere to open and engineering center in the seattle area, in bellevue. microsoft people in leader positions. talk about the competition. >> i think seattle is, as we like to joke, the cloud capital of the world. it happens in the weather. [laughter] with all these companies, you will find an incredibly fervent andronmental relationship,
we all benefit as the community grows in the right sort of ways. and as you mentioned, i was happy to encourage the folks at baidu. we have a great relationship with them. in part it is based on personal relationships, and in part it goes beyond that. seattle,rld comes to we will have new opportunities to hopefully play a leadership role in the world and create new benefits for the people who grew up. . -- grew up here. emily: and yet amazon is your biggest rival, especially in the cloud, of all places. >> yes. that's great. we are in an incredibly competitive industry. the truth is, we have some of the best competitors in the world. if you want to look at competitors doing great work, all you have to do is look at amazon, google, facebook, and apple. but we also work with each your point about cooperation. we need to address problems like
cybersecurity and the like. if at the end of the day if more people have confidence in the cloud, if we can move the frontier of artificial intelligence forward, this is a big world with enough for all of us to be successful. emily: you said you may disagree with the administration on social issues, but on tax reform, you may be in line. what are your thoughts? >> i think we need tax reform. we have needed tax reform for a couple of decades now. it is overdue. company, weational want to see a so-called territorial system. let's get rid of the system we have that creates incentives for us and others to keep profits offshore. let's figure out how to get money back in the u.s. let's put it work in the u.s. let's bring our taxes into the 21st century. emily: brad smith, president of microsoft, university of washington computer science
emily: apple's plan to challenge netflix and amazon in tv just got a little clearer. they announced plans to release a remake of steven spielberg science-fiction story, "amazing stories," according to nbc universal. this would be the first original series apple has agreed to finance since they hired sony executives to shepherd the tv production. peak -- gee at the
ekwire summit in seattle. one of the biggest companies in seattle was -- is starbucks, founded 40 years ago. we caught up with the ceo kevin johnson. thearted by asking about difference between him and the farmer -- former ceo. >> howard has years of intuition. i would characterize howard, he is a much more spontaneous, intuitive sort of leader. with my background in tech and digital, i am much more thinking about using data to help inform decisions and being more intentional about what we do. at the end of the day, we have worked together for a long time. i value his creativity and point of view. i bring so many things to the table that will help us as a company as we make this transition into the future. emily: starbucks has taken a stand on some political and
social issues, like the plan to hire refugees. you got pushed from conservative shareholders. how do you navigate that and how long you plan to continue? >> oftentimes people perhaps misinterpret things we are doing as a political statement. for example, we have an entire pillar of social impact agenda around opportunity. that started with the work we are doing to higher veterans. you recall we said we would hire 10,000 veterans or spouses. we have exceeded that number. we have increased that to 20,000 by the year 2020. we identified the fact that there are over 6 million young people, ages 16 to 24, who were not in school and not at work. we started committing to hire 40,000 of these young people, and we are now hiring 100,000. the refugee portion is consistent with that. that was our first global initiative. there are refugees around the world that we felt like we could
help in those communities and give those people jobs and opportunities. this is part of who we are about creating opportunity for people, and it's not about making a political statement. emily: do you get any pushback from the board? >> the board is heavily involved in all of this. do, we workngs we to make sure they are consistent with our mission. they are not politically driven things we are trying to do. the fact is we higher military veterans, and they have made our company better. the young people we hire have been fantastic partners in the stores and make the company better. much of this is part of who we are and how we get the talent we need to create an experience. emily: you are also getting pushed back over your paid leave policy, 18 weeks for moms a corporate headquarters, six weeks for moms in stores. employees on the frontline are not getting the same benefits. >> the fact is we offer best in class parental leave in our
stores compared to anyone else in the industry. takewe do is every year we feedback from partners on what is important to them. for partners in the stores, what is important to them is the increase in wage. we have invested over $250 million in wage increases for partners in the stores. i think it is a journey and we will continue to listen to partners, trying to do what we think is right to help them. emily: you announced the closure na, which is mostly in malls. the future of retail is changing. everyone is shopping a home on amazon. what does it mean for starbucks? starbucksd news for is we are and always have been a consumer destination. we think that is one of the key ingredients in retail going forward. we continue to innovate in a way that customers want to visit versus us trying to intercept
traffic in a mall. result, this last year we have built over 2000 neustar bookstores at a time when -- new starbucks stores at a time when there are record closures. those stores are closing with higher numbers. our ability to continue to innovate, create a great retail experience, the ability to extend that from brick-and-mortar to the digital mobile experience, part of the key ingredients we think will power us forward into the future. emily: markets around the world are becoming saturated. they've got their coffee now. it is putting pressure on accelerating and extending in companies like china. what is the plan? how much faster can you go? >> china is our second largest and fastest-growing market. we are now at about 2800 stores in china. we will build more than 500 new stores a year for the next five years. china is the biggest growth opportunity before us. the u.s. will continue to grow.
the u.s. and china are the growth engines for starbucks. we can build new stores in china for decades and still have opportunity for growth. emily: that was starbucks ceo kevin johnson. coming up, the president of chinese search engine baidu gives us his take on censorship in china and views on president trump's policies. that is next. this is bloomberg. ♪
emily: chinese web search giant baidu is expanding its presence in the u.s. by opening a new based in seattle as part of its drive to develop ai technology. i spoke to president ya-qin zhang where he talked about his thoughts on president trump and censorship in china. theith a look at trajectory, the overall
direction, china is becoming more open than a number -- then ever before. technology and industry is growing phenomenally. emily: is that the case? china, facebook and twitter was allowed, google was allowed, then they got shut down. >> one thing is obviously there's a lot of momentum in china for the internet industry, but it is hugely competitive. space. the search there are more search companies in china than in the u.s. in the u.s., there is google and bing. china has baidu, alibaba, tencent, all with search engines. now there are probably half a dozen other companies you search with. every day, there are new technologies that compete with us in search. competition is scorching. it is fierce and intense. and it it's a good thing makes us more constructive. emily: how would you
characterize the health of the chinese economy, particularly the pile up of debt? do you see a big risk? >> overall, the chinese economy is very resilient. gdp.growth it's amazing. overall, i do not see a systematic risk. there might be things here or there that need to be fixed, but i'm very confident. i'm not an economist, but for i talkustry, the people with overall think it is healthy. emily: are you concerned about president trump cracking down on free trade and the relationship with china? >> that is really bad if that happens. [laughter] america benefits from openness with the talent flow. willorm of protectionism be bad for the u.s. and the world. emily: my exclusive interview with baidu president ya-qin
zhang. that does it for this edition of "bloomberg technology." we will have much more coverage from the geekwire summit in wednesday. we will take a closer look at amazon operations, speaking with tony read, amazon's head of alexa. and a reminder, we are live streaming on twitter. check us out weekdays 5:00 p.m. in new york and 2:00 p.m. in san francisco. that's all for now. this is bloomberg. ♪
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