♪ emily: i'm emily chang and this is the "best of bloomberg technology." coming up, this week, two mass shootings in the u.s. left dozens dead. president trump has called on social media companies to do more to identify mass shooters before they strike. one of the gunmen posted a manifesto online. we talk with ellen pao, the former ceo of reddit. plus, uber and lyft post earnings. turning a profit, and we will break it down. and fedex drops amazon. the delivery giant says it will not renew its contract as the online retailer expands its own shipping and logistics game. we talked to one of the founding members of fedex ground. first, uber came out with second-quarter results, investors looking for signs they will eventually become profitable. did they succeed? i asked our guests. >> we see multiple ways that management can move towards profitability. we see near-term drivers in the form of reducing driver and rider promotions and incentives. we also think they are things the management teams can do in terms of reducing market expenses and insurance costs to

in ♪ -- ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up, the power of the good old fashion telephone. will conversations help apple's case on trade? the cofounder of google the mind is placed on leave. what is next for the intelligence individual. and, in india, however company is to capture the e-commerce market and in coming years. to our top story -- as the trade ceorages on, seems like the might be making progress in getting the president's ear the f phone calls. that is what -- via phone calls. that is a president trump told reporters. >> he is the one that called. that is why he is a great executive. others go out and hire very expensive consultants. this one called donald trump directly. i would take their call, too. he calls me whenever there is a problem. emily: pto discuss this and mort to welcome kathy wood. so great to have you here in the studio. what do you make of tim cook's approach? >> i think this is good news for apple, for technology. emily: the president has the night some of apple's formal requests to give a

♪ emily: i'm emily chang and this is the "best of bloomberg technology" well you bring you the best interviews from this week in tech. wilbur ross says the u.s. will ease of sanctions on huawei for another 90 days but president trump says he is not quite ready for a deal. we will have the week in trade tensions. plus, twitter and facebook say they have proof of fake accounts backed by the chinese government meant to undermine hong kong protests. what the company says they are doing about it. and our exclusive conversation with the ceo of one of tech's most secretive and hundreds of companies. tells us why protesters won't stop them from doing business with the trump administration. announced ahe u.s. limited set of exemptions that have protected rural networks and other customers from doing .usiness this comes as the trade war rages on. one ceo is taking his concerns about the ceo straight to the top, apple's tim cook. a move that has impressed president trump. >> he is the one that calls, that's why he's a great executive. others go out and hire very extensive -- expensive consultants but tim

emily: tom? tom: there is a big question mark about how much of a threat while way really is, and what they they are sure of is huawei equipment it seems is pretty darn reliable, pretty good, and pretty cheap, and what are the alternatives? that is the question that is paying over the deployment of 5g. like: i mean, it seems there are no alternatives of the same quality level. tom: that is what we hear time and time again. you have people like nokia, like erickson, who do provide some of the infrastructure, some of the equipment, but is it as reliable, fast, and cheap, and the answer seems to be no. we want to see more evidence that huawei is going to create backdoors, and they are not seeing it so far. emily: is it a security risk? is the question. bloomberg's tom giles and ben brody, thank you for following that huawei, in. globalup, the alternative meet market is expected to skyrocket your competing with other companies like beyond meat and others next. this is bloomberg. ♪ oomberg. ♪ emil

♪ 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, wall street breathes a sigh of relief as apple guidance for the second quarter was not as bad as some thought. we breakdown latest earnings including iphone sales services, and wearables. plus, chinese telecom giecom git huawei feels the burn of u.s. tensions. we have an exclusive interview with the chairman in the midst of a sales plunge, whose says the company has a plan b. and the cost of being "cool." a former executive testifies the company fired thousands of workers in recent years in an effort to compete with companies like google and amazon. the latest on multiple age discrimination lawsuits facing big blue. our top story of the week, apple earnings. the tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. they also reported the iphone represented 48% of revenue, the first time it has made up half of sales in several years. in a way, this is p

♪ emily: i'm emily chang and this is the "best of bloomberg technology." we bring you all our top interviews from this week in tech. coming up, a flurry of tech unicorns charged the public markets. we will take a look at the inner workings of adam newman's company and is complex and controversial relationships. plus, content kings. we talked to the ceo about the road -- cbs and viacom finally inked a merger deal. we speak to buy comes a ceo about synergies and the road ahead. and chinese online retailer alibaba defies the slowdown of missed a trade war with sales surpassing expectations. first to our top story, it was a big week for tech ideas with fleet work and cloudflare filing to go public. the web security company cloudflare has been in the news lately, given its relationship with controversial message board, 8chan. three alleged gunman posted manifestoes on 8chan before three mass shootings in the united states. cloudflare stop providing services after el paso, texas, less than two dozen dead, largely taking the platform off-line. so, is now the time

emily: i'm emily dying in go in this is "bloomberg technology." plummeting after hours after missing estimates across the board. what is the path to profitability? we have full analysis. thus, several advertisers tell bloomberg the software system used to run campaigns on facebook and instagram us crashing regularly for hours, if not days. we will tell you what is going on. and double digits, softbank announce its second vision fun after its wildly popular first fun. first, our top story, uber out with second-quarter results including a $5.2 billion loss. level down to the lowest since may. here to crunch the numbers and breakdown uber eats an active is mandeep singh payment fairly disappointing, what is your biggest take away? >> i think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. they have been seeing pricing pressure because uber eats is a very fragmented market. on the core ridesharing side, i think they're doing fine. the larg

emily: i am emily chang in san francisco and this is "bloomberg technology." the next hour, doom and gloom. recession warnings pile up with a battered global economy. we will bring you the latest with details about how the tech sector laid out. lots of work ahead for wework. now that the office space company filed for in ipo, can it find a path for profitability? the chair of the u.s. trade emission said they will break up the tech company. get ready for things to get messy if he tries to be u.s. stocks suffering another the selloff in treasuries. surging as mountain signs of an economic slowdown still fears a recession. the s&p 500 has big tech driving the losses. , amazon allsoft closing deep in the red. it has gripped the index since president trump rekindled the trade war with china at the start of august. the s&p 500 has gone 1% for 11 straight sessions and is now down 6% from a july record. we are joined by our bloomberg cross asset reporter in new york. a lot of bond buying today. what does that mean for tech? longerf you look at dated bond yields with

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." twitter and facebook say they have proof of fake accounts backed by the chinese government aimed to undermine chinese protests. plus, deadline extended. commerce secretary wilbur ross says they will ease huawei sanctions for another 90 days. is there an echo in here? amazon wants to put alexa in cars. has foundtter says it and deleted more than 1000 fake accounts created by the chinese government used to undermine the hong kong protestant -- hong kong protests. acebook said it also acted on tip from twitter, finding some fake accounts. they say they will no longer state advertising from act media worldwide. we are joined by a fellow from new america and in washington, brett, who set up the first tax force -- first task force to counter disinformation in the white house. sarah, what exactly do we know? sarah: they are finding these coordinated efforts from china trying to discredit the protesters, calling them violent, saying what they are doing is maybe backed by western resources, ju

emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour,, go for lift off. shares in the ride-hailing companies surged after hours as the company beat estimates for the second quarter. news on the lyft lockup is causing volatility in trading. we will bring you the latest on of theresults from one earliest investors. plus, fedex drops amazon. the delivery giant will not renew their ground delivery contract with amazon as the online retailer expand in its own logistics and shipping gain. we will talk to one of the founding members of fedex ground. and, new phones, new features. samsung's first look at the new galaxy note 10 and 10 plus from its brooklyn event in new york. we've got all the details. a rebound in tech shares helped fuel recovery in u.s. equity markets. the day started wednesday with an ugly open as traders hit the eject button without any clear catalyst. but an early turnaround in names like broadcom, apple, helps erase losses among major indices. ,nd speaking of broadcom symantec surged in after hou

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, trade tensions rise. president trump will impose a new 10% or up on $300 billion in chinese imports starting next month. this in addition to the 25% tariffs already imposed on other chinese goods. u.s. stocks tumbled. could iphone and other things rise as a result? plus, the acquisition inquisition. more details emerge about the antitrust probe into facebook, looking squarely at the social network's buys. and cloud wars. a new u.s. defense secretary, mark esper, says he will review the pentagon's $10 billion cloud contract and concerns it is amazon is getting an unfair advantage. this following president trump's concerns. but first to our top story. president trump up ripley -- abruptly escalated his trade war with china thursday, tweeting "during the talks, the u.s. will start on super one, putting a small additional tariff of 10% on the remaining $300 billion of goods and products coming from china into our country. this does not include the $250 billion

♪ emily: i'm emily chang and this is the "best of bloomberg technology." coming up, our exclusive interview with uber ceo dara ceoher sasi -- with uber's and the path to profitability. plus, we talked to the cofounder of apple to find out what he thinks about the shift from hardware to services. and a new study finds e-cigarettes are no safer than traditional cigarettes. one attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. but first, to our top story. -- uber's ago, movers infamous ceo was forced to resign. executive came in and was forced to rebuild the reputation. he has brought in new management but has not been a smooth ride. a big ipo spark investment but investors have not been impressed and has traded at a low price since. i sat down with goobers -- ub er's ceo and began by asking if you made the right decision to join the company. : we have resolved the conflicts the company has and there are many issues the company was involved with. you have softbank is a partner .nd you want them behind you we have a great

♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up, the power of the good old fashion telephone. apple ceotrump says tim cook calls him directly when he wants to chat. will conversations with tim cook help apple's case on trade? the cofounder of google deepmind is placed on leave. what is next for the high-profile intelligence lab. opens his largest campus to date in india. company is to capture the thecompany is to capture the e-commerce market and in coming years. now, to our top story -- as the trade war rages on, seems like apple's ceo might be making progress in getting the president's ear via phone calls. that is what president trump told reporters. that's before he departed for kentucky. take a listen. pres. trump: he is the one that called. that is why he is a great executive. because he calls me and others don't. others go out and hire very expensive consultants. tim cook called donald trump directly. i would take their call, too. he's the only one that calls me. he calls me whenever there is a problem. emily: presi

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, the shine is back on the apple. shares in the tech giant spike after the u.s. announces it will some a 10% tariff on chinese imports, including the iphone. facebook has allegedly been paying hundreds of outside contractors to transcribe clips of audio from its users. plus, how the network is responding. and, move over, oprah. sherry redstone cements her status as the most powerful woman in u.s. media as cbs agrees to merge with viacom in a long awaited deal. shares of apple and chipmakers soared in tuesday trading after the u.s. delayed a 10% tariff certain imports including smartphones as well as laptops. before boarding a helicopter in new jersey, president trump said "in case it has an impact on people, what we have done is delay it so they won't be relevant during the christmas shopping season." to discuss in washington, the president of the u.s.-china business council. ., bloomberg's l.a sarah mcgregor. sarah, do we have any idea what the motivation is

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you the top interviews from this week in tech. coming up, wall street breathes a sigh of relief as apple guidance for the second quarter was not as bad as some thought. we breakdown latest earnings including iphone sales services, and wearables. plus, chinese telecom giant huawei feels the burn of u.s. tensions. we have an exclusive interview with the chairman in the midst of a sales lunch, whose as the company has a plan b. and the cost of being "cool." a former executive testifies the company fired thousands of workers in recent years in an effort to compete with companies like google and amazon. the latest on multiple age discrimination lawsuits facing big blue. our top story of the week, apple earnings. the tech giant forecasting revenues that topped analyst estimates, and services now contribute to a fifth of total sales. they also reported the iphone represented 45% of revenue, the first time it has made up half of sales. in a way, this is progress towards apple's less reliance on the flags

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." the shine is back on the apple. shares in the tech giants bike after the u.s. announces -- tech giant spike after the u.s. announces it will delay tariffs. facebook has said they have been paying hundreds of outside contractors to transcribe clips of audio from its users. and, move over, oprah. redstone cements her status as the most powerful woman in u.s. media as cbs agrees to join with viacom. shares of apple and chipmakers sword in tuesday trading after the u.s. delayed tariffs on certain imports including smartphones as well as laptops. trump said, "is to case they might have an impact on people, what we have done is delay it so they won't be relevant during the christmas shopping season." to discuss in washington, the president of the u.s.-china business council. sarah, do we have any idea what the motivation is for the change of heart? sarah: we do know that the news gave a bump to the stock market. we sell retail and technology stocks go up today. there have been some declines

♪ ♪ emily: i'm emily chang. this is "bloomberg technology." in the next qualcomm falls. hour,shares plummet on weak smartphone demand and a downbeat forecast. we will discuss the impact of trade tensions. plus, spotify says that its podcast bet is paying off but shares fall on a subscriber miss. while streak drills wework, facing questions about its finances. we get a read on investor appetite ahead of a potential ipo. first, shares of qualcomm falling in after hours trading after the chipmaker gave a downbeat fourth-quarter sales forecast. at the high-end, qualcomm is looking at $5.1 billion sales. analysts predicted that is in $5.7 billion. line with a warning issued back in april. demand for smartphones, particularly in china, would be weak ahead of the introduction of 5g. joining us is mike regan and sarah mcgregor. explain whatf all, we are seeing driving this drop. how much does it have to do with china? mike: the revenue forecast for the current fiscal quarter was very light. the eps for the quarter also really light, and adjusted eps of as much as .75, and the st

emily: talk to us about how the u.s.-china trade war and the dispute between japan and south korea are impacting samsung specifically. selina: one of the biggest overhangs is how long this u.s.-china trade war will drag on for and how much it will globalslowdown on growth, which affects purchases of smartphones and components. the japan-south korea spat is also a huge concern for investors. there were a lot of questions from analysts on the call about how they would minimize the impact. we did not hear a lot of details from executives. we know they have enough components for now, despite the , but the problem is if these do drag on, if they become even broader, how will samsung find alternate suppliers? that is going to be very difficult and it could lead to production issues. on the huawei front, that is a double-edged sword. on one hand, as huawei suffers from challenging demand abroad, that is a place for samsung to come in on the smartphone front, but in terms of their profitable chip business, that could be a big dr

♪ emily: i'm emily chang and this is the "best of bloomberg technology." coming up, our exclusive interview with with uber's ceo on how the ride-hailing business has changed and the path to profitability. plus, we talked to the cofounder of apple to find out what he thinks about the shift from hardware to services. and a new study finds e-cigarettes are no safer than traditional cigarettes. one attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. but first, to our top story. two years ago, uber's infamous ceo travis kalanick was forced to resign after a series of scandals. dara khosrowshahi was brought in to rebuild. he has brought in new management and pushed the company beyond ridesharing. it has not been entirely a smooth ride. a big ipo spark investment but investors were not impressed and has traded at a low price since. i sat down with uber's ceo and began by asking if he had made the right decision to join the company. dara: we have resolved the governance conflicts the company had. there are many issues the compa

emily: i am emily chang in san francisco. this is "bloomberg technology." coming up in the next half hour, or regulatory and health concerns for juul. the u.s. food and drug administration is investigating the link between e-cigarettes and seizures. plus, my exclusive interview with the uber ceo. he comments on the path to profitability, how the ride-hailer will fair in a trade war, and a former employee who forbeen federally charged stealing trade tickets from out for that. we also have another bloomberg exclusive. we will hear from a top huawei executive about what the u.s. is losing out on as the telecom giant remains on the blacklist. first, shares of tobacco company altria dropping after the dow jones reported the u.s. federal trade commission is investigating the marketing . -- marketing practices of juul labs. it has invested $13 billion into the popular e-cigarette maker. regulators are investigating whether juul engaged in deceptive marketing. in addition, juul was named in documents by the u.s. food and drug administration as it investigates wheth

emily: right. and there is where 8chan comes up because cloudflare did not cut off 8chan -- the site was still operational until days ago after that shooting in el paso, texas. talk about what cloudflare says about 8chan and how investors might take that. liana: it is listed as a risk in the filing. this has gotten a lot of buzzyion because it is a -- is buzzy, it is relevant in the headlines, but i think that cloudflare was really aiming in its filing today to show the world how its financials are doing and what its prospects are. i think it did a good job of putting out there this is a solid company that serves the backbone of the internet. and there is pent-up demand among investors for these sorts of companies to hit the market. a few weeks ago, medalia went public and crowd strike has a good valuation a couple months after its ipo. i would say cloudflare today is really trying to associate itself with some successful software ipo's from earlier this year. emily: that said, cloudflare only made

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, markets get a breather. apple, tesla, and cisco leading gains after the s&p tech sector lost $250 billion in value the day earlier. the trade issue between the u.s. and china, where does it stand now? shares fall in third percent trading to blame themepark attendance. and google gets an earful. the search engine rival blasts the company for requiring them to sign nondisclosure agreements to join the android option. claims they are strong-arming the competition. first to our top story. what a difference a day makes. major markets have closed in the green after monday's record-breaking losses. that follows increased trade tensions between the u.s. and china and the tech turnaround is partly due to apple, tesla, cisco leading gains. the s&p closed up 1.2% while the nasdaq closed up 1.4%. but should tech investors be popping the champagne just yet? joining us to discuss, bloomberg senior market editor michael regan. should they? mike: i would not pop the champa

♪ emily: i am emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, someone has to do it. pres. trump: somebody had to tick china off. china has been ripping countries off for years. emily: president trump takes a defensive tone. plus, more frustration for facebook. european regulators are already probing the social network's libra digital currency on top of scrutiny here at home in the name of antitrust. we've got the details. can we hack it? several states voiced concerns over the security of their electronic voting systems ahead of the 2020 elections. we will talk to the man who successfully showed the world that voting machines could be hacked 15 years ago. but first to our top story, president trump defending his china trade stands, saying that while u.s. is not ready to make a deal with china just yet, somebody had to take them on. pres. trump: when you look at china, china has had the worst year they have had in 27 years. they want to make a deal with us. i can tell you i'm not ready to make a deal. unless they are r

emily: all right. meantime, bill ackman's square capital management has lickry dated its positions in united technologies and a.d.b. he's decided to sell his stake in united technologies rather than fight its takeover of rating on. he had previously vowed to oppose the deal saying it lacked strategic sense. in a letter to investors, he said he's exited a.d.p. because much of the low-hanging fruit has been picked. it's a success of the investment and returned about 50% for purchasing square's co-investors. coming up, google veteran is credited with creating the field of people analytics. now he's bringing a.i. and machine learning to h.r. outside of google. we'll talk about his startup next. this is bloomberg. ♪ nure -- this is bloomberg. ♪ ♪ emily: over the course of a decade, lass low helped google grow from six to 72,000 -- 6,000 to 72,000 employees. during that time google was recognized as a top player over 150 times, racking up titles like best company to work for in the united states, thoug

emily: this is bloomberg technology. i'm emily chang. when you hear the words tip line, you are thinking about a police hotline to report a crime. but, they are also used by companies to expose cyber vulnerabilities. according to a 2018 report, 93% of the world's largest public companies do not have policy to handle cyber tips. for capital one, they did and that is what led to the arrest of the person who allegedly accessed sensitive data on more than 100 million people. to talk about this and more in the world of cybersecurity, roy, the chief product officer at cyber reason, a firm that got a $200 million investment from softbank. he is with us from las vegas where he is attending the information security conference. in new york, jenny who has been covering the hack. we are learning new details on how capital one responded to this tip for the hotline. tell us what is the latest. jenny: capital one got this tip. it was in early july that an anonymous tipster emailed and said it looks like some of the data is available out on the internet

emily: i'm emily chang in san francisco. this is "bloomberg technology." shares originally surge as much as 12% as the company beat analyst estimates for the second lockup. but the lyft is causing your volatility in trading. we will bring you the latest on the results. plus, fedex dropped amazon. but delivery giant will not review their ground delivery contract -- renew their ground delivery contract. we will talk to one of the founding members of fedex ground. and, new phones, new features. amsung's first look. we've got all the details. a rebound in tech shares helped fuel recovery in u.s. equity markets. starting wednesday with an ugly open. inafternoon turnaround broadcom couple apple, helps a race losses across major indices. -- the race broadcom, apple, helps erase losses among major indices. the nasdaq closed in the green while the dow was fractionally lower. joining us to dissect the moves is our senior markets editor. talk about broadcom here. the report that they are nearing a deal to buy symantec's enterprise business. >> the deal after the clos

emily: this is bloomberg technology. i'm emily chang. rise,ware attacks on the this time in the state of texas. 23 small towns have fallen victim to hackers. officials at declined to name all of the towns where official computer systems were hijacked, hit.o towns were this follows similar attacks took place in baltimore and atlanta that saw systems like credit cards and email servers go dark. to discuss this trend and much hitehats harry, a w hacker and the founding partner of nordic innovation labs. you may remember him from the award-winning hbo documentary, where he actually demonstrated that election results could be changed. he joins us from new york. thank you for joining us. let's start today with texas. what is your take on what is happening in texas and the rise of ransomware attacks in states in general? ack thatlmost every attr happens has an element of phishing. these are all sophisticated in human attacking. it is about the lack of human firewall. metrics of triggering our human instincts to dictate how we behave against our

♪ emily: i am emily chang in san francisco. this is "bloomberg technology." , regulatory and health concerns for juul. the u.s. food and drug administration is investigating the link between e-cigarettes and seizures. ceo.terview with the uber he comments on the path to profitability, how the ride-hailer will fair and a trade war. we also have a bloomberg exclusive. we will hear from a top huawei executive as the telecom giant remains on the blacklist. dropping all tria after the dow jones reported the u.s. federal trade commission is investigating the marketing practices of juul. invested $13 billion into the popular e-cigarette maker. regulators are investigating whether juul engaged in deceptive marketing. in addition, juul was named in documents by the u.s. food and drug administration as it investigates whether e-cigarettes can trigger seizures. joining us is our bloomberg news andth care policy reporter a reporter who covers juul. what is the fda investigating? >> they have gotten reports from people that this has happene

i'm emily chang in san francisco. now to a story we are continuing to follow -- safeguarding the 2020 u.s. elections from interference. a your report estimates states will have to spend more than $2 billion to protect their election systems in the next five years. that means replacing outdated machines, purchasing software to protect existing equipment, training employees. the problem is they don't have enough money, so is 2020 at risk? to discuss, we are joined by maurice taylor. in ann arbor, michigan, alex haiderman, a professor of computer science with the university of michigan. professor, is 2020 at risk? alex: unfortunately, yes. we know from the recent report of the bipartisan senate intelligence committee that in 2016, russian attackers probed election infrastructure in all 50 states. we have every reason to believe that they are going to be back again in 2020. emily: so, what are states to do? maurice: it starts with basic cybersecurity training for local election officials. convincing state-level legislator

emily: this is "bloomberg technology." i'm emily chang in san francisco. let's continue to look at the u.s. versus huawei. huawei off the hook for another 90 days, according to wilbur ross. a limited set of exemptions to be granted to telecom companies that are dependent on huawei, but the question on whether u.s. chip companies and other suppliers will be able to sell products to huawei. to discuss, sarah mcgregor who leads economic coverage, coverage of u.s. economic policy for bloomberg joins us now. we are talking about rural mobile networks. how much does this reprieve actually helped huawei? sarah: according to huawei itself who a statement today, this really does not help their business a lot. they still see the blacklisting of the company as an unjust move, as they put it. the trump administration gave this 90-day extension which really was an olive branch to u.s. companies that do business with huawei and the consumers who use those networks or smartphones where that reprieve will be necessary to keep those things going. in addition, the trump adm

emily: i am emily chang in san francisco. this is "bloomberg technology." the ceo of hp steps down, citing family health concerns. his replacement is a 30 year veteran. he started as an intern. what it means for the pc maker as the market stagnates. plus, iphones are coming. apple will unveil three new iphones and more in september. we have the details on whether customers will be enticed to upgrade. peering into palantir, our exclusive conversation with alex karp tells us why protesters won't stop them from doing business with the trump administration. first, a shakeup at hp, the ceo resigning, leaving the company to attend to a family health matter. he will be replaced by the current head of the printing unit of hp. he has been instrumental in improving cost structure and organization, helping profitability. to discuss, ian king and dan morgan. dan, you have a position in hp. ian, i will start with you. what more are they saying? >> i had a chat with them both. he reassured me this is personal and not a decision he took lightly. he has to go back to his n

emily: how typical is this? i do not remember them having an analyst day before they actually went on a roadshow. >> the situation is that the s1 has not yet been made public. we know they filed confidential documents with the sec last december, and instead filed confidential documents last april and announced they have filed those documents but we still have not gotten to see them. the company is aiming to do an ipo in september based on our reporting. so maybe there's a chance but in the next month, we might get to look at the documents that show their earnings, losses, all the nitty-gritty, which certainly many of these people are excited to look at. it has been a company that has gotten a lot of attention for its unusual financial metrics, communityi-adjusted ebitda, things like that. emily: let's talk about what analysts are actually looking for. what are the questions they want answers to? >> i think they are trying to assess this as a real estate company or tech company. it is something wework has gone ba

emily: this is bloomberg technology. i'm emily chang. in the last half-hour, president trump announced he is raising tariffs further on chinese imports, coming in response to beijing which earlier friday threatened to impose an additional tariff on $75 billion of american goods, causing u.s. stocks to slump. the s&p 500 sank 2.5%, the dow stumbled 700 points. apple, micron, the tech companies hardest hit. joining us to discuss, taylor riggs. these companies are feeling the pain before this new round of tariffs announced by president trump. what is happening after hours? taylor: we came in this morning and thought jay powell would take the stage. we were upended when china announced their tariffs. in the last hour or so with the trump tweets coming up, an interesting day. we are looking at four straight weeks of losses for the dow, s&p and nasdaq composite. as we take a look at some of the domestically focused companies, we thought for so long the russell 2000 or the companies not having exposure to some of the drama that is happening int

♪ emily: i am emily chang in san francisco and this is bloomberg technology. in the next hour, how one analyst describes the third fall.r after shares suggestsdent trump talks with china's might not happen. negotiators will head to washington. what all the back-and-forth means. and president trump once federal federal to -- wants agencies to work with social media companies to stamp out hate. but first, uber shares continue a fall after sales miss and 5.2 billion dollar loss in the second quarter. much is due to the ipo in may. cooper is trying to reassure investors, saying losses will -- uber is trying to reassure investors, saying losses will come down over the next few years. why such a dramatic reaction? eric: i think the stock reaction had to do with the revenue mix. if you are going to lose that much money, you have to keep growing. a $5 billion plus net loss is huge. that has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. emily: are investors generally buying that this is a once in a lifetime of a company fi