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tv   Bloomberg Technology  Bloomberg  March 30, 2017 5:00pm-6:01pm EDT

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uncertainty. white house invited the heads-up congressional intelligence committees investigating russia to view materials found by the national security council after reports officials showed devin nunes information links to trump associates. the president is shaking up his staff. deputy chief of staff katie walsh is leaving the white house after the house -- the health care repeal failed. she will join a nonprofit group. in official says she was not fired. attorney general jeff sessions plans to speed up deportations of illegal immigrants guilty of federal crimes. he will expand an existing program aimed at holding hearings for immigrants serving sentences, then deport the right afterwards. north carolina governor ray cooper has signed a bill to repeal the bathroom law. legislatures in charge of policies on restroom while local governments are barred from passing new protections
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until 2020. global news powered by 2600 journalists and analysts in 120 countries. i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. i'm cory johnson. coming up, interest is after new ad revenue sources. drones are going industrial. on his speak to d.j.i. latest offerings. recent moves by the trump administration have e.u. privacy watchdog worried. a positive day for u.s. stocks. the nasdaq closing at a record
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high. abigail doolittle, what happened? funnily enough, it was a relatively quiet day. the major averages finishing up by .3%, but nevertheless we saw the nasdaq put in that record high. it traded up five days in a row. the small cap russell 2000 up six days in a row. so there is some bullishness. a five-day chart, we see that new record and what makes this worth noting is the fact it is the first record - close since march. 1. following the nasdaq 100 which put in a record close yesterday. cory: it's interesting because it seemed like the trump rally was showing signs of weakness. abigail: everybody was talkin about how it is -- the inflation is reversing.
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now we have forgotten about it. today, yes, we have these record highs. thed the record high for nasdaq, a mix bag of stocks including microsoft, western digital hitting a record high, anylix, funny enough not on fundamental news. apple finish down. right in the open put in a new all-time high. there is to be some momentum for these higher beta names. the point to be made, you longer-term, we look at the bloomberg, on top in purple and white, that is the nasdaq and nasdaq 100 up12% on the year, being helped out by tech. bottom in yellow is the dow, up 5%, and the s&p 500 in aqua up 6%. those indices are being dragged by financials which have lagged over the last two weeks. super strong.
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it will be interesting to see whether the s&p 500 and the dow can catch up to the nasdaq. cory: it is interesting because of this correlation. y would see more separation between good companies that bad. abigail: rising tide lifts all boats. cory: until it doesn't. pinterest is not a stock yet but it has -- has it set its sites on a new program, pinterest propel. to attract small and medium-size business to the platform. diversifying its advertising business, maybe getting ready for an ipo. joining us from san francisco, the president of pinterest, tim kendall. talk about ad units. this is not understood outside the world of advertising, that stand arising -- standardizing an way for an ad to appear so
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important. tim: it is useful to understand exactly what pinterest is. app people used to design a life. what am i going to need for dinner, what am i going to wear tomorrow, what do i want my hair to look like, what do i want to buy this weekend, where do i want to travel this summer? it's an app people use to design their life. and that is a great place to be if you're an advertiser, because when people come to the app, they are open-minded and the have intent. when marketers are there, they see great returns. cory: i have no doubt, i think really an interesting business because it is it really a business of people show intent. like google and unlike facebook, where someone says i have a peculiar interest in this peculiar thing, but again, to my point, sort of the notion of the weight, -- the way, what an ad looks like.
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is there a format that really works? tim: yeah. i think it's content or promoted pins are our advertising unit. the promoted pins that work well are the ones that resemble the organic content on the surface. the content on pinterest that works well is content that reflects an idea. an idea could be a picture of someone wearing a great outfit, an idea could be a picture of a meal, a recipe that someone cooks. so, the advertisers that have success have found that when they create ad creative that shows an idea, and again, that could be a vignette of a living room if they are trying to advertise account. they can be -- advertise a couch. that's the ad creative that works well with promoted pi because that is what works withs , organic content. know, i would say pure
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brand in terms of, they are here to drive awareness and awareness only. it's about 1/3 of all advertising on the service. so, you can imagine a lot of the advertising that we see theessful on pinterest is kind of advertising were they are actually looking for results, looking for new customers that then convert into customers that spent. and that is where we see the bulk of the advertising on pinterest. cory: how are the ad units, how do they work? are they across, really going after really big groups of people, or are they going after individual keywords? tim: they're two types of ads. ads that show up in someone's home feed when they are browsing through ideas, and those are targeted to people based on things about the audience. so, someone might target women who like surfing who live in southern california. and then there is another kind
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of ad that can show up in search. there is a lot of search on pinterest, because when people are designing our lives, they look for stuff. and one of the ways they can look is by browsing and the other way is by searching. so, we have another ad offering that shows up what people search. i search for chicken recipes, i might get an advertisement for, an advertisement for adjacent things around that. cory: do you guys have any notion of, i am guessing the answer is no, i hope the answer is yes, give me a notion of how many ads your users can tolerate? is beforeight ad load the user gets fed up and does not want to see anymore? tim: well, we are just getting started today. i do not think we know the answer to that. i think we have a hypothesis, which is that when users are looking at organic content. our organic content is from businesses. so, when you are browsing your
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home feed, assuming there is no advertising, you are looking at photos or pins that are ideas that reflect products and services. so, when we put ads into that feed, they don't stand up here they are not interrupted. no one gets mad. cory: no one gets mad at the ads in "vogue." tim: precisely. and what we see -- that's good. what we see is the hide rates. you can hide ads on pinterest. the hide rates are 1/10 of the hide rates we see across the industry because they fit. cory: when is the right time for pinterest to do an ipo? tim: we don't talk about some of the prospect of an ipo. cory: just between us,,. -- come on. tim: very focused on building a business. ben has said we want to build an independent company. so, the focus is let's build an
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enduring, independent company and continue to grow it. know,at is about, you building a great advertising business that the announcement today is pinterst propel, which is our extension into small businesses, providing a support smallvertisers who have businesses and want to advertise quickly and easily on pinterest. cory: tim kendall. i will let you get away with that dodge. coming up, we have a major player in the world of drones. d.j.i. plans to go beyond recreational with this device. that's next on bloomberg. ♪
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cory: one of the biggest tech
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players in the world, verizon is planning to launch a tv service. new headlines crossing, and internet related tv service. verizon looking at that. verizon going into the content business with yahoo! and aol. now looking at web tv. a bit more become commonplace for recreational use but the enterprise game is the name of the game for the business. d.j.i., the world leader and unmanned aerial technology, debuted the m-200 series, a drone designed for professionals. you might use it for aerial data for ejection -- data projection. michael parry, d.j.i.'s director of strategic partnership spirit talk to me about the business. why a business drone? hael: what is been amazing is the entire drone category came out of hobbyists. putting in the air and using it and very quickly they realized, wait, this could be really useful in my real estate business, my wedding photography
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business. as you start extrapolating it out into any area where data collection is too time intensive or too dangerous, drones have a play.o we have seen drones being used for search and rescue applications, for infrastructure, construction. that is where the m-200 comes into play. it is a rugged, ready to fly platform that is advanced and the different types of sensor planeloads -- apayloads. cory: i went to the colorado oil geologists association conference in denver a few months ago. a few years ago and i was walking to the expo. i saw something that blew my mind. it was a giant torpedo, about 8 feet long. we attach this to helicopters. we have to fly over every single oil and gas pipeline in the u.s. to detect for leaks. spent all that money would helicopters and
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planes and these giant torpedos. that is the kind of the things i drone can do. michael: exactly. we hear from mining companies that have to hire a helicopter, send it across the country to look at a mine mouth and fly back. now all of that data collection can be done with a few thousand dollars platforms that you can do on a daily basis. so, really reduces the workload and as tremendous value to these companies. cory: when you look at these potential devices, again the physical design of this drone, how is it built differently? is it bigger, does it have longer flying time? we have really made the system resilient as much as possible. it starts with the ip-46 water and st resistance. cory: what's that? michael: it is a category to make sure it is water resistant. cory: is it more water resistant than ip-42? michael: you have got a perfectly. duel batteries, dual sensor
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units. the platform knows where it is supposed to be. cory: with, are the regulations there for this? are they ready for these things to go into deployment? great news is the regulars have already said that drones along the national airspace and they can be put to work. the faa recently released new world that allow pilots to use our drones or any types of drones for commercial applications. cory: you guys have been behind this interesting notion of registering drones. a license plate for drones. talk to me about that. michael: we know there's 770,000 operators registered with the faa for drone use. the vast majority of them are using our technology responsibly. but the average consumer does not necessarily know that. there are legitimate questions out there about what are these drones doing close to me? cory: there have been stories
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about drones dropping drugs and cell phones into prisons and things like that. casesl: despite the few you are talking about, consumers have legit or questions about what these drones are doing around the. so, we put for the concept of local identification of the drug. basically, like a license plate. you have a number that somebody can look at, register and if they have a complaint they can go to the government and say, what is this person doing in my airspace? cory: and the government's response has been? michael: they put out a number of -- for concepts like this. d.j.i.'s just one of the many proposals. cory: terrorism is another concern, right? michael: the system we put into place balances both the ability to get information about drones in airspace but also balancing the privacy of our operators who are using our technology for legitimate uses. cory: michael parry, congratulations on your launch today.
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great stuff. coming up, connecting brain likes and a.i. might sound science fiction. elon musk is set to make that a reality. we will explain how. this is bloomberg. ♪
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emily: elon musk has launched yet another company. cory: the merge artificial intelligence with the human brain. its earliest stages is yet to make a public presence. joining us from san francisco, matt murphy. the, this is intriguing, notion of a.i. matching with health care. give me a couple of examples of a.i. toht ai-- the way make our current health care system better? >> two ways.
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one of the main things that is happening over the past five years which is a gene sequencer which used to cost $5 million is down into the $30,000 range. you can process massive amounts of genomic data for a disease, same thing with rna. so you have got the ability to do things very bespoke on an individual basis, that is one. secondly, there is massive amounts of health care data that is in electronic form. electronic medical records or pathway data which shows how hospitals treat the different disease states and every step along the way. e data seta.i. to th that comes out of the gene sequencers to match treatments to diseases better. on the pathway side, you can take a look through machine learning to learn all the way to treat patients differently based on their characteristics and figure out which one is the best treatment for them. that is the way you can create a smart system. cory: i've heard examples, they
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are saying that a.i. could look at mri's and look at hundreds of thousands of images and a short time from many, many patients and start to identify, hey, this this thing looks like this thing we have seen before. you do not have a doctor holding up something to the light. >> exactly. there was a company we invested in called clarify in new york that basically is using computer vision for exactly that kind of an application. so, if you think about what twilio did to allow any enterprise company to use, to theirlephony services in system. clarify does that starting with computer vision. whether you are a drone company looking at crop data or medical imaging, you can basically do space api to help you visually determine whether something is a tumor or not and do it at a much more precise level. what happened in the last three
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years is now machines are tter visually than humans at detecting things like that. and that has been one of the many great service -- many breakthroughs in the last two years. cory: that's fascinating. his computing happening on site or happening up in the cloud, where for this health care stuff that is going to require so much competition how? matt: that is a great point. as these gene sequencers get distributed and hospitals and, even and food assembly lines, things like that to test for passages, you need a cloud service. do,it is very easy to assess the analysis on site and the shift the data up to the cloud to do the more sophisticated a.i. and the beauty of a model like see data fromns all different hospitals, all sources of dna or rna and compare that against the data you have. cory: it is not just a computer. but it's the sort of, the storage of the files and the actual learning that is taking
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place. huge basically, one of the network affects around a.i. is getting the data. if you are a cloud service that is getting data from all over the world from various different devices and can create models based on data, then the model keeps getting smarter and smarter and the solution keeps getting better and better. and that is what a.i. needs is the data. storage, thep cheap way you can move data around today, but it is also having really inexpensive machines on site on premise that used to not be possible to create that data and the first place. cory: i should've started this whole thing by asking you what a.i. means? the definition is different depending on who you are talking to. is a.i. and machine learning the same thing? matt: a.i., artificial intelligence, is the broader computers doing things intelligent. machine learning is more
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specific and that it means machines are getting the data and watching it and constantly making optimizations and improving in overtime. so, it is more specific but i think most of the really action is in machine learning right now. you need to get the data, watch it, look for patterns that you care about, and then create solutions. a machine can help create solutions. and then it is constantly looking at the efficacy of those solutions to modify them and make it better as you go. that is the machine learning part, the constant iteration at a scale and speed that humans could never do. cory: 20 seconds left. where are we finding the best a.i. people, what school are they coming out of? a great one.'s stanford is fantastic. nyu is your alma mater? matt from clarify is from nyu. there is a huge amount of talent out there. obviously the big five are trying to gobble them up. they are 140 a.i. companies in the last three years.
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there is a huge arms race for this talent right now because people know this can be a massive differentiator for any application, any business. cory: matt murphy, thank you very much. we appreciate it. still to come, the unprintable trump administration has e.u. regulators worried. e.u.'s justice minister will join us to talk about that next. if you like bloomberg years, check us out on the radio, listen to bloomberg radio app -- radio plus app. and a lot of stations in .d.c., new york and boston and the bay area at on xm siruius 119. this is bloomberg. ♪
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with a checkstart of your first word news. south africa's president jacob zuma launched a late-night cabinet reshuffle expected to include the dismissal of the finance minister, according to
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multiple reports. as many as nine ministers may be affected by this breaking news. south korean police have arrested former president park, the seoul central district court approved award for her arrest after concerned she will destroy evidence that her bribery case continues to evolve. the british government is in the process of taking back control of thousands of european union laws. publisham will proposals to incorporate 19,000 european-based rules. the day it leaves the e.u. vladimir putin dismissed accusations of russian meddling in the u.s. election saying the anti-russian card is being played as part of a u.s. political struggle. he made his comments and an arctic forum in russia. secretary of state rex tillerson needwashington and ankara to find common ground on kurdish fighters. he spoke at a meet -ing. the u.s. was to fight alongside kurds in syria.
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malaysia has agreed to release the body of kim jong nam to north korea in exchange for the return of nine malaysians held in the north capital. officials say the north koreans -- his half-brother was poisoned in february. global news 24 hours a day powered by more than 2600 journalists and analysts in 230 countries. -- 120 countries. it is just after 5:30 p.m. thursday in new york, getting ready for the weekend. 8:30 friday morning in sydney. joined by paul allen with a look at the markets. . good morning paul: looks like we are set up week positive end to the in the asia-pacific. new zealand has been running for 30 minutes. and there is a marginally higher at the moment, futures for the ax also pointing higher as the index closes in on the 5000 barrier. the nikkei futures also looking
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positive. we are expecting a bit of data out of japan. the jobless rate for february is estimated to hold steady at 3%. cbi is expected to contract a little to .2%. keep an eye on a few stocks out of china today, particularly the big airlines, air china, china southern and china eastern, all three reported a combined profit of the biggest in five years, and net income was short of estimates. and a lot of data out of china as well with manufacturing and nonfood manufacturing pmi. i'm paul allen in city. more from "bloomberg technolog'' next. - i'm paul allen in sydney. cory: this is "bloomberg technology." concernedars are about the future of a landmark agreement between the obama e.u.nistration and the
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that protects europeans personal data. it is called the privacy shield. and it lets u.s. companies like facebook and google transfer customer data from europe across the atlantic to the u.s. and the promise that it will be protected by stricter european privacy laws. since the deal went into effect, donald has been elected and has expanded u.s. surveillance powers. the new commissioner flew to washington this week to seek reassurance the new administration will honor that deal pitch he joins us from the d.c. bureau. thank you for joining us. this is a really interesting problem for these companies. many of which are u.s. companies who are offputting google and facebook in your. explain to me how this came to be a the first place. >> i must say for the companies it is not only interesting but it is absolutely crucial that they have certainty when they transfer the data out of, the private data out of europeans, across the atlantic to the united states. for me, it is important to be here in washington and ask the new administration and the new
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representation of the united states the guarantees which we the negotiations of the so-called privacy shield, whether they are still in place, because this is important for both sides. cory: why is it important for businesses? vera: the businesses, to a large extent are dependent on transfers of private data. privacy were without issues -- asked to have a very obligated way to guarantee the protection of data when they are transferring to the united states. having the privacy shield is for them very advantages, useful, and comfortable legal arrangement. say covetable, it means at the same time they have to comply with the rules of pvacy shield, and as you said rightly to comply with stricter rules for protection of private
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data, which we have in the european union compared to the -- in the united states. cory: can you tell the companies, don't worry, we are going to make sure this will be fine? do you have that confidence? not give such a guarantee to the companies, because it is mainly their task to be compliant with the rules and only through the full compliance, they can avoid being sentient -- being sanctioned. here today, it is more the dialogue of this new american representation. i had a privileges be today with -- who assured me that he understands the importance of privacy shield and, also, the t asks, or the commitments which are under privacy shields for in place for the state administration. europeto come back to
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with such assurance and to continue working on keeping privacy shield running and allowing us to be sure that the protection of the privacy of europeans is in place. cory: are you still willing to pull the propositional completely if you do not get the assurances you need? vera: i can say i have positive feelings. i spoke to mr. ross. i spoke to the american chamber of commerce and the representation of various veryesses, and i had a good feeling that the privacy shield is fulfilling its main purpose. also, i met yesterday the representatives of ngo's, the watchdogs, which have some concerns about the new trends in the united states, the feeling morethere weill be emphasis -- on ensuring national security, which would mean that
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the protection of privacy will be secondary. i don't have siuch signs. cory: it is interesting from a privacy standpoint. it seems like it e.u. has targeted u.s. companies, google and facebook -- that seem to have a different notion of privacy, to put it politely. than some european companies. do you feel like in your role as commissioner of the e.u. that you've got a focus on u.s. companies because they do not get privacy, that some of us think of a different? vera: when american companies operate and collect, operate in the european union and collect the private data of europeans, they have to comply with the same rules and with the same privacy guarantees as the european companies. so, we do not make any difference. and we are applying the rules and the guarantees of protection
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to all of the companies. cory: there's also some concern about the types of -- that are happening on these platforms, hate speech which is illegal across the e.u., and then also, this notion of fake news and the effect that may have had on the u.s. election and what it can be doing in france right now. i wonder where that falls under your purview. vera: of course we have concerned, not only about hate speech and the manipulation of the opinion through online but we have many other concerns connected with online fear and responsible for consumer policies. i want to seem the same level of protection of consumers rights online and off-line. so, there is a wide range of thees we try tos olve in european union. and we want to do it in a targeted way so that not to h inder any development and diligent about -- in digital
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sphere and at the same time to filter out -- the way in which digital -- i s for the citizens. you mentioned hate speech. the europeann union, extremism and racism and xenophobia is on the rise. beste wanted to do our to secure the protection of people through imposing the --ict rules which affedct prohibiting hate speech online. and we are doing this through the agreement with the i.t. companies, and we try hard to have things under control. this, i must emphasize, for respect to freedom of speech, which is highly valued in the your opinion. cory: it's valued here as well. it sounds like fundamental -- it
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is really about cooperation, cooperation between e.u. and the u.s. theween the.u. and companies. there is a bighange a foot with brexit. does brexit make this more complicated for you? vera: of course, we are not happy about united kingdom leaving the european union, but at the same time, they are not leaving europe. they are still europeans, and i strongly believe that not only in the field of data production -- data protection, but in many other spheres we will be able to come to mutually advantages, agreement, which will set the basis for the future strong partnership between e.u. and the united kingdom. cory: really quick, are you optimistic? do you feel like you have gotten what you need, or you still laid to get more assurances from the white house and from the u.s. government? assurances?ed more
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vera: at this moment i am positive, but of course, we need to get more information about how the privacy issue is function. because this year in september i publish the first annual review, and i shared this information with all my partners here that i expect them to give us the input and the sufficient information so that we can assess whether privacy shield is for filling its main function. cory: e.u. justice commissioner, thank you very much for your time. we really appreciate it. coming up, we talk about facebook early days with -- the top level. the early days ofacebook next. this is bloomberg. ♪
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cory: we cover facebook in lots
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of ways that "bloomberg technology." andon't usually get opportunity to look back and what that was like on the inside. right now joining us is -- had seven years of the company and wrote a book about it called "becoming facebook." i bet this is the only time he is ever worn a tie. have you ever worn a tie in facebook? >> not in the building. cory: i walked into facebook offices and i saw these guys that would have been working at goldman sachs wearing sneakers and hoodies. that part of the culture is not as interesting as what is in your book. what would it be like for me if i walked into facebook? what would that work environment be like? >> the first thing, you see is a lot of energy and you feel it. we will talk about coders, designers, those very rarist contributor to making these things be more so powerful for users. is every person
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at facebook, your attorney, your marketing person, maybe in a person that deals with their customers, the person that does support for all of the facebook's users is going to be one of the most energetic, one of the most experienced, one of the most successful people at what they do because they are just drawn to what in the book i described as the cult of mission that mark zuckerberg has established. mark is3 years into what might be a 50 year mission. you feel that from everyone. cory: i have a friend that went to work at facebook, he is a true cynic. when i see them around, he says, i want to be a cynic but people there really beeve in what they are doing, and it is not b.s. mike: i think it comes from the fact that you can see the product being successful, that what it is trying to accomplish for people which is to make them feel connected to the people and things that matter to them. i fyou ask people as facebook does, 50,000 times to make sure
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the product is working for people, what is the one word you would describe her how you feel about facebook is that is makes them feel connected. hasourse, mark zuckerberg made sure he does not just have facebook but also instagram and and messenger because he knows there is going to be different ways that people are going to feel connected to the world around them. beingouu see the product so successful in so many people in the world, and they should feel like you are part of something that is working and that is worth it and is making a difference and that is the reason that so many facebook users use it for an hour a day. cory: i'm sort of a maze, there have been bonds along the road, products that did not work and issues about privacy, but ger financially,ing, this has been one of the most successful launches of a company in the history of american business flat out. i'm surprised that, i don't know mark zuckerberg, i google, they have
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become successful leaders. i wonder what that is like to see it haen. mike: well, absolutely right. what i see with mocha them is that -- with both of them, is that mark has a clear vision. i used to work at the turn-of-the-century which is made f andy grove. story.nswer me this you have got one of those fly on the wall story spirit where andy grove and mark zuckerberg sat down together. mike: this was in 2009 when nothing was assured. we are being told about mark through a movie written by aaron sorkin. he abbreviated mark as socially awkward. ma and andy grove for having lunch. these are two silicon valley generations apart but mark at 24, 25 really wanted to go to town and history of silicon valley. only the paranoid survive, andy
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grove's bible on silicon valley. nothing left to prove, he had built the silicon of silicon valley was trying to figure out if marik is legit. mark was try to figure out -- where could they fincommon ground? they discover they have an equal will power to make this superstrong vision come to pass. that is what you see. the other thing you see is the willingness to let go of things that weren't working and to also make adjustments. and to play defense before defense might be necessary. we always talk about how important instagram is now, the role it's playing a continued leadership for them especially against snapct. the equity bought them, it had zero million dollars of revenue. aat is what mark is such successful leader. a spectacularoing
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job running the business, policy -- we were just talking about privacy. they are one of the greatest ceo-coo's tandems ever. and i got to see andy grove and craig barrett up close. cory: it is a fascinating story and i'm glad to have you share that with us. his book is called "becoming facebook." apple, amazon, google, several of the biggest corporations sticking to pledges to fight climate change despite president trump executive order on tuesday to gut the obama administration's environmental policy. "we believesaid, that strong clean energy and climate policy is like the clean power plant to make renewable energy supplies more robust. americanorting competitiveness, innovation and job growth." bloomberg caught up with cory booker. take a listen to what he had to say. >> a lot of republican senators,
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especially kind of people call, who represent red state areas and they want things like rod bad penetration as well. they want their kids to have access to the information superhighway -- they want things like broadband penetration. a lot of things they are doing in the space, you might not think they have bipartisan support, i came down to be in new jersey senator, not the republican or democrat. state broadband penetration is important could we are america. we should be leaders in areas like this. cory: facebook says controversial -- cofound palmer lucky is out. in three years after mark zuckerberg bought his company for $2 billion. that story next. ♪
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at&t is caring $40 billion 20 five year contract, that is a lot of money for a lot of time, to build the first nationwide network for emergency workers.
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the project will create 10,000 jobs, it is called the first responder network authority ofr first -- or firstnet. it will contribute $6.5 billion in incentive-based funding. the latest tech revolving door, facebook says the cofounder of oculus is out. palmer luckey is his name. his role has been in flux in recent months. he seek relief under the conservative group focusing on during then memes election, after facebook lost a lawsuit for stealing secrets, trade secrets behind the oculus vr haeadset. who is this guy? sarah: palmer luckey for a while was the face of oculus. theirs is this photo of him on the cover of "time" magazine jumping into space, that was widely ready to appear he has been on the 30 under 30 list. he has become the wunderkind who
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in19 years old built this his garage, and that is the story that facebook told in the early days of oculus, but since then, the company has been distancing itself from him, because he really was not that involved in the day-to-day at oculus. and he had these other interest, as you mentioned, the anti-hillary memes. and he was testifying i january in this lawsuit. say why hek is not left, but certainly there is a lot of controversy around his tenure. cory: there was this anti-hillary clinton meme. talk to me about that. sarah: he was funding a group that would create these little -- cory: fake news? i'm serious, was it fake news? sarah: yeah. thatn,; that, it was memes frame hillary as the criminal version of her.
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sort of the alt-right version of what hillary. and palmer apologized in a pos right before the oculus connects conference, the big developer conference that they hold. and he actually did not even attend that conference because he did not want to be a distraction. said he was doing it for fun because he thought they were hilarious. i realizee said, yes, this might have made some people uncomfortable. cory: if you see that ridiculous "time" magazine cover, you can see that on twitter. you put it up and i retweeted it. thank you very much. we appreciate it. ford has agreed to hire 400 blackberry employs to help the automaker with self driving cars. the move to reduce costs on one swipe.ike-- on quickk s
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on friday show, tomorrow, we will cover blackberry's earnings. we will hear from the ceo. one of the things we'll talk about is this chart on the bloomberg terminal. it shows you the different revenue streams. up white line that goes way and way down. that is hardware revenues surging and collapsing and so did services. software, the blue line at the bottom trying to pick up. that is the story in a chart on the terminal. we will talk about that tomorrow with john chen. this is bloomberg. ♪
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♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening with theresa may formally be on brexit. focus on the lisbon treaty and to the arduous process of the arduous process of negotiations, she outlined her vision for britain's departure, they would seek a hard exit and leave the eu single market. they described this as a historic moment from which there can be no turning back.


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