♪ emily: i am emily chang in san francisco and this is "bloomberg technology." u.s. attorney general william barr has released robert partially redacted report on russian interference in 2016 elections. social media is one of the biggest losers. we will tell you why. , more unicorns ride into the public market. interest sort 28%. soared 28%. reviewers report flickering and failed displays for samsung's new phone. first, our top story. as president trump put it, it was a good day. the mueller report is out him about the conclusions of congress may not align with the president. >> what i said in front of my friends, this should never happen to another president again, this hoax. it should never happen to another president again. emily: meantime, while mueller concluded no collusion, the debate swirls on the issue of whether the president obstructed justice. mueller said the president engaged in a series of "targeted efforts to control the investigation." leaders have called mueller to testify. part appearscted to cover russian meddling in the 2016 election via social platforms

a new lg. click, call, or visit a store today. ♪ emily: i am emily chang in san francisco, and this is "bloomberg technology." coming up in the next hour, a global legal battle that has dragged on for years is over. apple and qualcomm have settled differences, at least for the next six years. plus, netflix gives an underwhelming forecast in its earnings results, saying price increases in some countries will slow subscriber growth. this as disney, apple, and warnermedia fire up their competition. and, behind the scenes of facebook. interviews with more than 60 current and former employees paid the picture of what one journalist calls a "fresh hell." but first, to our lead. apple and qualcomm agree to end a two-year legal battle over billions of dollars of technology licensing fees that threaten to jeopardize qualcomm's most profitable line of business. shares of the chipmaker over 2% on the news on tuesday. here to discuss the details, i want to go to ian king and mark gurman, who is outside the courthouse in san diego where a trial was just getting underway between these two compani

emily: i am emily chang in boston, and this is "bloomberg technology." coming up in the next hour, bitcoin jumps more than 20%. past $5,000. but traders are at a loss to explain why. plus, u.s./china trade talks resume as a chinese vice premier leads a delegation to washington. could there be a breakthrough, and what will it mean for global tech giants? and lifting the curtain at youtube as the video platform faces controversy. staffers say managers are not listening and proposals to change recommendations and curb conspiracies are being sacrificed for poor engagement. two our first story, bitcoin abruptly surged after almost three months of low volatility. the world's most popular cryptocurrency soared to its highest level since november. at topping $5,000 and bringing one point smaller cryptocurrencies up with it. this after it plunged more than 70% last year. could the crypto winter be nearing an end? joining us to discuss is the chief commercial officer and our bloomberg executive editor. joe, what do you think is happening? joe: it is hard to say. no one has any good theories

♪ emily: i am emily chang and this is "the best of bloomberg we will speak to the ceos of pinterest and zoom. plus, a global legal battle that has dragged on for years is over. apple and qualcomm have settled their differences at least for , the next six years. networks gives an underwhelming forecast in its earning results. reed hastings says he is confident that new offers from disney and apple will not slow their momentum. first to our lead pinterest is , joining a slew of unicorns heading to the public market this year. unlike some of the other big names making their trading debut, pinterest is burning less cash. the social media discovery company has taken a slow and steady approach to growth compared to its peers. i spoke with ben silverman, the ceo after the company listed its shares on the new york stock exchange. ben: we really talk to investors about how people use the site everyday. people use it to get inspiration. it is really more about your personal inspirations and less about your friends. it is not about following celebrity in the news. that is how our users see the

♪ emily: i am emily chang in san francisco. this is "bloomberg technology." slack is going public through a direct listing. new details are out. why the company is taking this nontraditional route. plus, intel tumbles, the latest sign the rebound in semiconductor stocks may be over. we will hear from the ceo. amazon attempting to narrow its delivery window to one day for prime members. morgan stanley says this will turn amazon into a logistics giant, forcing fedex and ups to catch up. first, slack going public, only it is foregoing the traditional ipo route in favor of a direct listing. it plans to list on the nyse, and now we have a better look at the company's financials. revenue doubled to $401 million, but the company still isn't profitable. to tell us more, we have our bloomberg deals reporter and our venture capital reporter. you have been covering slack for a long time. what surprised you in this filing? >> it was a chance to look at how losses have stayed the same, while revenues are going up. people are curious why slack is losing money. one interesting thing is their aws

♪ emily: i'm emily chang and this is the "best of bloomberg technology." coming up, pinterest and zoom -- 448 page partially redacted report on russian interference in 2016 elections in social media is one of the biggest losers. we will tell you why. sort pinterest shares 28%. i speak to both ceos. and a snag for samsung and it anticipated a little phone. users report flickering and failed. the first our top stories. it was a good day, the partially redacted mullah report isout , but the conclusions of congress may not align with the conclusions of the president. >> i stand in front of my friends, this should never happen to another president again, this hoax should never happen to another president. >> meantime, while he concluded there was no collusion between the tram campaign of russia, debate swirls on the issue of whether the president obstructed justice. he says the president repeatedly engaged in a series of "targeted efforts to control the investigation." house leaders subpoenaed the report and have called mueller to testify, in the redacted part of the report appears to

♪ emily: i'm emily chang and this is "the best of bloomberg: technology." a global, legal battle that has dragged on for years is over. and apple and qualcomm have settled their differences. netflix gives an underwhelming forecast in its earnings results. but they back the ceo said they are confident that rival earnings will not slow momentum. but first to our lead, pinterest is joining a slew of unicorns. unlike some big names making the debut, pinterest is burning less cash. the company is taking a slow and steady approach to growth compared to peers. i spoke to the ceo of pinterest after the company listed shares on the new york stock exchange. >> we really talks to investors about how regular people use the product. people use it to get his ration for a range of things. from the food they come to the clothes they wear. it is really more about personal inspiration, less about friends, is not about celebrities. we want to make sure everyone understands that. emily: you launched pinterest nine years ago and many companies have gone public with the with much deeper losses. what y

♪ >> this is "bloomberg technology," i'm emily chang in san francisco. in the next hour, snap delivers strong results thanks in part to its app. daily active users increased for the first time in the year. --tter reports positive positive results, drawing more consumers and advertisers but concern about hate and misinformation remain. i sit down with the cfo. google's drone unit has become the only drone firm approved as an airline by the u.s. faa. what does this mean for the future of the industry? first, to our top stories. snap shares surged after reporting first-quarter results. the earning giving investors another reason to be optimistic for a revival of the social company. the parent of snapchat says it sales rose 39% from the previous year to $320 million for the three months ending march 31. snap also reported 190 million people use the app daily, compared to 186 million in the fourth quarter. >> in some ways, snap is back. but i want to point off right off the bat that the stock closed 10% higher, but still a long way off from the $17 ipo price this company went out w

♪ emily: i'm emily chang and this is "the best of bloomberg technology" where we bring you all of our top interviews in tech. coming up, earnings are in all swing with result from facebook, amazon, tesla, and more. we will bring you all of the highlights. plus, samsung has delayed the launch of its first foldable smartphone after consumers report defects. just how big of a setback is it? and our exclusive conversation with a grab cofounders, can they live up the expectation of being the super app of asia? first, to our top story, some of the biggest tech companies in the world are out with their earnings this week, including facebook. they struggle to maintain their growth of its scandals, controversy, and the threat of regulation. joining us now is david kirkpatrick in new york. and we have deborah with us as well. give us your take on the headline numbers, legal bills aside. >> you are right. it is hard to put those aside. necessarily because the idea of a potential settlement is so massive. however, the revenue beat and the user numbers were not a surprise to us. facebook has s

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, lyft in reverse. shares under pressure post i.p.o. as wall street analysts raise concerns about how fast the ridesharing company can start making money. plus, lifting the curtain at youtube. the video platform faces more controversies. staffers say managers are not listening, and that proposals to change recommendations and curb conspiracies are being sacrificed for engagement. and twitter co-founder and c.e.o. jack dorsey said rules like europe's gdpr have a positive impact on the tech industry. he speaks in an exclusive interview with bloomberg in toronto. first to our top story. after much fanfare and a first day pop in the stock, lyft is losing some steam after going public, falling below its i.p.o. price. among investors' concerns, justifying its valuation and, a timeline for turning a profit, and analysts are striking a cautious tone about the stock, with the majority giving it a neutral rating. we discussed the road ahead wi

third generation ceo. he and his wife cindy raised a family of five. their youngest daughter emily, a sweet but quiet one. >> the older sister said that she never got spanked. >> she didn't. she just remained silent and would look at me with those big brown eyes and it was over. >> even though emily was from a prominent wealthy family, her friend lisa says emily never flaunted it. >> everyone knew that emily was a beckwith. but i never felt less of a person in the presence of emily or any one of her family. >> emily was the girl everyone wanted to be friends with and every boy wanted to date according to friend shannon and sarah. >> she could have had any boy. >> all these boys were all over her. >> gaga over her, she was gorgeous. you've seen pictures of her. even in high school, she was gorgeous. it just wasn't her thing to date. >> by the time she was 21, emily moved 200 miles south to kansas city, missouri, working in a hair salon. one night in 2001, she went to a bar and a local boy famed alex fasina spotted her from across the room. >> and it's one of those like aha moments y

emily: i'm emily chang and this is "the best of bloomberg: technology." we bring you the best of the week in tech. coming up, the house of mouse takes on netflix. we talk to ceo bob iger about how disney plus will reshape the global streaming landscape. plus, calls to breakup bid tech can congressr but force change on the biggest players? we will hear from u.s. senator mark warner. and softbank announces a new technology fund focused on latin america. hear more in our exclusive interview with softbank coo marcelo claure. first to our top story -- disney is attempting to reshape the media landscape as the number of cord cutters grows. the entertainment giant shared new details on their anticipated streaming service. disney plus is expected to drive the fastest uptick of any direct consumer platform to date. i caught up with disney ceo bob iger in los angeles on thursday. what makes you think consumers will pay for this on top of everything else they are already paying for? bob: disney, pixar, marvel, "star wars," "national geographic." these are brands that are beloved and have a

potential ftc settlements. emily: in context, that is a huge fine. i believe the highest fine ever in terms of a settlement between the ftc and the u.s. company was in the tens of millions of dollars. how serious is this? david: it is serious and the key question is is it a one-off? was saying, debra advertisers have no place to go besides facebook and as long as that remains the case and advertisers don't feel there is a serious associate of risk, the execution is going to continue to be good because the people have proven they can execute. there is something so disjunctive about the very moment they announced a $3 billion set aside for a likely find that investigators still put the stock up 4% or 5%. you have to wonder when this company will begin to pay the piper for the fact that it is essentially losing social approval to operate. i don't think they are changing the way they operate fast enough to ensure that that is not going to happen. emily: so, let's talk about that. i have a chart on the bloomberg which shows user growth over the last several years, incredible growth continuing mo

emily: i am emily chang in san francisco, and this is "bloomberg technology." counting down to uber filing its ipo. looking to raise $10 billion in what could become one of the 10 biggest listings of all time. shares of lyft have hit a new all-time low. plus snap is expected to lose , users in the united states for the first time this year. a marketer says instagram will pick them up. it's being called a triumph of modern astronomy. we will discuss how more than 200 researchers have contributed to the first-ever image of a black hole. but first, the top story. huber is gearing up for what could be the largest ipo this year, seeking to raise about $10 billion for its public offering, making it one of the biggest public offerings ever in the united states, but the company's road to the public market has not been without speed bumps. let's take a look back at uber's journey thus far. 10 years ago, they launched uber cab, an elite black-car service in san francisco. 10 years later, uber has a shortened name and has completed one billion rides. two years later, it was 5 billion across 60

emily: i'm emily chang, and this is "bloomberg technology." coming up in the next hour, how will politics shape tech in 2019 and into the presidential election? we will talk with senator blackburn about her view from capitol hill. and first quarter revenue miss estimates as slowing ad growth. po roadshow kicks off this week. can one of the world's biggest on one ofrs deliver the biggest public debuts this year? by as of alphabet down much as almost 7% now after the company missed on first quarter revenue. the parent company of google coming in below estimates. excluding traffic acquisition costs. this, as amazon becomes a bigger threat. google is spending heavily to fight hate and misinformation on youtube and facing the prospect of more information from lawmakers both in the u.s. and abroad as big and companies -- big tech companies in general are allowing their companies to be weaponized by extremists. i want to bring you highlights from a conversation with the alphabet cfo. first to talk about the intersection of tech and politics i would like to welcome senator marsha blackbu

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." pinterest kicks off its roadshow. valuation less than it fetched in its last valuation round. facebook, instagram, twitter, even more face possible fines over a u.k. band under a new law if they don't remove violent and hateful content. in what is so special about snap? the company has nearly doubled in 2019 and investors are looking to jump in on the optimism. pinterest has raised $2.8 billion in its initial public offering, setting the price range of shares at 15 to 17 dollars per piece. less than the total valuation. why the conservative pricing? a platform helping investors understand the companies discover the future. also, bloomberg tech's eric newcomer. what details are we getting from the roadshow and investor appetite for pinterest so far? eric: i think we are still seeing that it is early in the process. learning from lift, which was priced at $72 and has struggled to maintain that range, i can have sympathies for pinterest to try to set expectations somewhere. emily: what are your expectations

emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, the tech ipo boom rolls on. pinterest and zoom video preparing for their trading debut, but will investors hit the brakes or move full speed ahead after lyft does lackluster debut? plus, there could be implications for the 5g race. will the iphone maker now have an upper hand bringing a 5g device to market? foxconn founder terry gou announced he is running for president of taiwan, saying he is following the call from a chinese sea goddess. if he wins, where does that leave his company? but first, to our top story, two more tech unicorns are heading to the public market thursday, social media discovery company pinterest and videoconferencing platform zoom, both expected to price their shares on wednesday. joining a rush of tech companies slated to go public this year. according to the wall street journal, pinterest is targeting $19 a share, $2 above the high end of the range, but unlike other big names making their trading debut, pinterest and zoom are burning through less cash. pinterest could

emily: i'm emily chang and this is "the best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, pinterest and zoom make their public debuts. will investors hit the brakes after lyft's slow start, or move full speed ahead. we will speak to the ceo's of both companies. plus, a global legal battle that has dragged on for years is over. and apple and qualcomm have settled their differences, at least for the next six years. and netflix gives an underwhelming forecast in its earnings results. but ceo reed hastings says he is confident new services from disney and apple will not slow their momentum. but first to our lead, pinterest is joining a slew of unicorns heading to the public market this year. unlike some of the other big names making their trading debut, pinterest is burning less cash. the social media discovery company has taken a slow and steady approach to growth compared to its peers. i spoke with ben silbermann, ceo of pinterest, after the company listed its shares on the new york stock exchange. ben: we really talked with

emily: i'm emily chang and this is the "best of bloomberg technology." coming up, pinterest and zoom make their public debuts. will investors hit their brakes after a slow start or will it be full speed ahead? we will speak to the ceos of both companies. and a global legal battle that has dragged on for years is over. apple and qualcomm have settled their differences for the next six years. netflix gives an underwhelming forecast in its earnings results. they are confident that disney and apple will not slow their momentum. but first, pinterest is joining a slew of unicorns heading to public market this year. unlike some of the other big names making their trading debut, pinterest is burning less cash. the social media discovery company is taking a slow and steady approach to growth compared to its peers. i spoke with ben silbermann after the company listed its shares on the new york stock exchange. mr. silbermann: we talked with investors about how people use their products every day. people get inspiration for a whole range of things from the food they cook, to the clothes the

>> i'm emily chang and this is the best of bloomberg technology. come up, lyft in reverse. how fast the ride sharing company can start making money. plus youtube faces for controversy. staffers say managers are not listening and the proposal to change recommendations are being sacrificed for engage identical. and twitter co-founder and there isck dorsey said a positive impact on the tech industry. first to our top story. after much fanfare, lyft is losing some steam after going public, falling below its i.p.o. price. analysts are striking a cautious tone about the stock with the majority giving it a neutral rating. we discussed the road ahead with jake fuller. i'm not sure you want to read too much into it. we did launch with a neutral ating. whether or when they can get to a self-driving car future. emily: logan green said he couldn't give us a date when self-driving cars would be available. you seem to think that the expectations are too high and lyft won't be eable to meet hose expectations. >> a lot of people were pecting them to trade as the at the same rate as service companie

emily: i am emily chang and this is "best of bloomberg technology." we bring you our top interviews from this week in tech. the house of mouse takes on netflix. we talked to the ceo about how disney + will reshape the global streaming landscape. calls to break up the tech getting louder. can congress forced change on the biggest players like google and facebook? we will hear from u.s. senator mark warner. softbank announces a new $5 billion technology fund focused on latin america. you're more in our exclusive interview with softbank's ceo. to our top story, disney is attempting to reach state the media -- reshape the media landscape. at its investor day, they shared new details on its highly anticipated streaming service. disney + is expected to drive the fastest uptick of any direct consumer platform to date. i caught up with disney's ceo bob iger on thursday. what makes you think consumers will pay for this on top of everything else that they are already paying for? bob: disney, pixar, marvel, national geographic, they are loved. they have a large history of serving the consumer

futures as well. we will have another update in half an hour. this is bloomberg. ♪ emily: he started an e-commerce company in 1995 around the same time as amazon, when nobody believed anyone would ever buy anything from the internet. today, mickey mikitani's rakuten is known as the amazon of japan, but also competes with google, netflix and airbnb, a streaming service, home sharing, e-books, credit card and banking services and more. though many outside of japan still don't know how to pronounce rakuten's name. >> rakuten. >> ra-cue-ten. emily: they might recognize it from the jerseys of the golden state warriors and the barcelona football club as the company makes a push for global recognition. joining me today on "bloomberg studio 1.0", founder, chair and c.e.o. of rakuten, hiroshi mikitani, mickey. mickey: please call me mickey. emily: call you mickey. mickey: yes, that's better. emily: your new grand plan, a very grand plan, is to launch japan's newest wireless network, it would be the fourth wireless network. mickey: yes. emily: what is the strategy here? mickey: the strategy is ve

♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, despite a broader selloff, tech stocks are within striking distance of all-time highs. we will discuss what is behind the rally. plus, representatives from google and facebook testified before congress on one of their biggest challenges, the rise of hate speech and white nationalism and how to stop it. and china intent on banning cryptocurrency mining. it is now listed among several industries the country intends to illuminate because "they seriously wasted resources." our big story come the s&p 500 500 halted and eight-day rally with the biggest drop in two weeks. tech stocks are at all-time highs. the s&p 500 is up 20% this year. what is looking at most promising? faang and semi conductors. i want to bring in our guest. what is the main reason for the selloff broadly today? >> you have to step back. the s&p had just finished a streak of eight days in a row where it had risen. that is the longest streak in 18 months. and no matter what sort of gauge momentum you look at the sto

♪ i'm emily chang and this is the "best of bloomberg technology." and zoom, pinterest make their public debuts. will investors hit their break after a slow start or will it be full speed ahead? ofwill speak to the ceos both companies. and a global legal battle that has dragged on for years is over. apple and qualcomm have settled their differences for the next six years. netflix gives an underwhelming forecast in its earnings results. they are confident that disney and apple will not slow their momentum. , pinterest is joining a slew of unicorns heading to public market this year. unlike some of the other big names making their trading debut, pinterest is burning less cash. the social media discovery company is taking a slow and steady approach to growth compared to its peers. aftere with ben silverman the company listed its shares on the new york stock exchange. silverman: we talked with investors about how people use their products every day. people get inspiration for a whole range of things from the food they cook, to the othes they wear, to their home. it is less about your

♪ i am emily chang in san francisco, and this is "bloomberg technology." coming up in the next hour, facebook earnings out, legal earnings sorry, the social network saying it is setting aside $3 billion in preparation for a massive settlement with the u.s. federal trade commission. plus, tesla first-quarter results delayed. they are supposed to be out, but we are still waiting. all we know is that elon musk has not tweeted in the last three hours. ei with a six-month investigation of the british supply train, but first, our top story as we wait for reports. revenue growth holding steady, beating or falling in line with expectations at facebook, but it's legal bills might be taking a bite out of the bottom line. facebook is setting aside $3 billion for an investigation by the federal trade commission, which has not yet been resolved. joining us is david kirkpatrick in new york, and we have got deborah in seattle. first of all, give us your take on the headline numbers, legal bills aside. >> yes, you are right. it is hard to put those aside necessarily because the idea of a potential

♪ emily: i'm emily chang and this is "the best of bloomberg: technology. " the house of mouse takes on netflix about we talk to ceo paul either about how disney plus will reshape streaming -- bob iger about how disney plus will reshape streaming. and can congress force change on the biggest players? we hear from mark warner. announces a new technology fund focused on latin america. hear more in our exclusive interview with their ceo -- coo. top story,f the disney is attempting to reshape the media landscape as the number of cord cutters grows. the invest -- entertainment giant shared new details on their anticipated service. is expected to drive the fastest uptick of any direct consumer platform to date. i caught up with bob iger in los angeles on thursday. emily: what makes you think consumers will pay for this on top of everything else? >> disney, pixar, marvel, star wars, national geographic. these are brands that are beloved and have a long history of serving the consumer for many, many generations. and they are still popular and still relevant. making them available on a new te

jesse watters, emily compag no, greg gutfield and geraldo rivera. that's our theme song. "it's 5:00 somewhere." remember when we started and people said they started happy hour early because of our show? it's my day to d.j. so you're going to love it. our topic. ilhan omar is not backing down from the controversy over these comments about the 9/11 terror attacks. >> here is the truth. far too long we have lived with the discomfort of being a second-class citizen, and frankly, i'm tired of it, and every single muslim in this country should be tired of it. cair was founded after 9/11 because they recognized that some people did something, and that all of us were starting to lose access to our civil liberties. >> dana: freshman democratic lawmakers now rushing to omar's defense. ocasio cort had-cortez. >> printing on the front page around new york city after this incredibly upsetting and triggering for new yorkers that were actually there and were there within the radius that woke up one morning or were in their schools and didn't know if they were going to see their parents at the end

emily: i'm emily chang in san francisco and this is "bloomberg technology." shares of lyft hit an all-time low just weeks after making its public debut. does this signal more risk for other ipos coming to market? it has been a massive legal fight spanning the globe for years. now, apple and qualcomm will argue their cases in court where tim cook is expected to testify. with the deadline with the sec closing in, elon musk continues to tweak more details. he says the carmaker will make ver 500,000 in the next 12 months. to our top story, lyft shares hit an all-time low. the stock is now declined in seven of its 12 trading days since going public last month, falling as much as 22% below its ipo price. this after rival uber filed for its own ipo last week. could the start be a warning to other unicorns headed to the public market? in florida, university of florida finance professor jay ritter. you have been looking at some on large ipos and how they perform. how does lyft compare? jay: with big companies like lyft, sometimes they go up for six months, sometimes they go down. those tha

♪ in sani'm emily chang francisco and this is "bloomberg technology." hit an all-time low just weeks after making its public debut. does this signal more risk for other ipos coming to market? it has been a massive legal fight spanning the globe for years. now, apple and qualcomm will argue their cases in court where tim cook is expected to testify. sec the deadline with the closing in, elon musk continues to tweak more details. he says the carmaker will make over -- sharestop story, lyft hit an all-time low. the stock is now declined in seven of its 12 trading days since going public last month, falling as much as 22% below its ipo price. uber filed forl its own ipo last week. could the start be a warning to other unicorns headed to the public market? in florida, university of florida finance professor jay ritter. compare?lyft with big companies like for, sometimes they go up six months, sometimes they go down. those that drop a lot during the first six months on average outperform those that went up during the first six months. most famously, facebook dropped by over half afte

emily: i'm emily chang in san francisco. this is "bloomberg technology." the tech ipo boom rolls on, zune video and pinterest preparing for their debut, but will investors hit the brakes or move full speed ahead after the lackluster review of lyft. the qualcomm stadium it -- w wille settlement -- no the five d device come to market? running forfounder president of taiwan, saying he is following the call from a chinese sea goddess. if he wins, where does that leave his company? to our top story, to more tech unicorns are going to the public market on thursday and a social media discovery company pinterest and zoom, both expected to price their shares on wednesday. joining a rush of tech companies going public this year. according to the wall street journal, pinterest is targeting $19 a share, $2 above the high end of the range, but like other big names they are burning through less cash. pinterest could see revenue triple by 2022, meantime zoom is a rare type of unicorn, a profitable one. our senior analyst are here to discuss. what are the prospects for zoom and pinterest as you see

more bad news than the market is pricing in. emily: apple shares ended up closing below today, but they were on track for a big rally. why do you think tech is defined the trends in the broader market -- defining the trends in the the -- tech is defying trends in the broader market? mike: the federal reserve has indicated it is on hold with interest rate hikes. when you look at the trade issue , there was concerns about the possibility of europe, there being tensions there. investors in general are hoping for the light at the end of the tunnel soon as far as trade issues with china. peaceng with some sort of when it comes to the trade tension with china -- especially for semi conductor set -- conductors stocks, really some things for semi conductors stocks, looking at declines of 20% plus for the first three quarters of the year. i think people are realizing that david said this is the digital economy that semi conductors can go through boom and bust cycles, but in the long run demand will be there. estimates are strong. and the issues that china will be resolved, it will cause earnings

♪ emily: i'm emily in san francisco. this is "bloomberg technology." in the next hour, lyft in reverse. shares fall after investors highlight concerns about how fast ridesharing company can start making money. tesla, after a tumultuous 2018, will give new production numbers this week. bloomberg's tracker shows the estimate looks unusually high. facebook ceo mark zuckerberg calls for more government oversight of social media companies but the comments were met with skepticism as more lawmakers call for big tech be broken up. on its second day of trading, lyft shares have fallen below the ipo price. investors are warning it could be an ominous sign for other uniform -- other unicorns looking to go public, and raises questions about lyft's growth trajectory. ives,g us to discuss, dan who currently has a neutral rating. shares dropping 12% today, -- down from the end of last week. >> it is amazing how a little bit of where the prices sat and expectations setting has sort of fallen away from them. clearly, the market just hasn't as -- as busy astec enthusiastic as the opening. peopl