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tv   Bloomberg Technology  Bloomberg  March 5, 2019 5:00pm-6:00pm EST

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not right, but when you added women to the team and build more diversity, you ended up taking a next her $30 million. how did that happen? bridget: we have been working for years on how to automate the process of scheduling a home tour with an agent. keptilt the software and tweaking it and trying to make it work, but we found our real estate agents were not adopting the software. we assigned a new team, a team that had more gender diversity. took aam from day one emily: i'm emily chang in san completely different approach and said we will not build more francisco and this is "bloomberg software, but we will step back technology." in the next hour, listening in. and listen to the real estate agents. an aide to a top republican we will shadow them and see how lawmaker revealed and nsa they are using the software. monitoring program has quietly shut down. this gave them a whole new set of ideas they never would have gotten if they hadn't taken that what does it mean for data privacy and surveillance? empathetic approach. plus, tesla is blind-sided. at redfin, when we build a team employeescaught many with people of different backgrounds, they have to stretch more. with his announced that the that means we end up building carmaker would shut down most of better products for our agents and customers. its stores and move sales emily: why do you think other online.
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companies -- what do you think shares of tesla fall to their lowest since october. other companies can learn from this? bridget: it really takes a lot google denies a new report it is of small changes to make your continuing to work on launching a censored search engine in china. we will discuss the status of company more diverse and project dragonfly. to this top -- to the top story, inclusive. we've almost fun of ourselves as closing apears to be these diversity mechanics crawling over everything we do, how we interview, develop controversial program that logs careers, and how we run phone calls from millions of meetings. you have to settle in and be americans. prepared to make a lot of small that's what kevin mccarthy -- changes along the way if you kevin mccartney told reporters. want to build a more inclusive company. emily: i want to talk to about other tech initiatives at ofy collected the records redfin. you have your infant offer 500 40 million homes in 2017 and service, algorithms everybody 151 million the year before that. wants to know how they work, how do you decide how much a home is in those years, court orders were used to target terrorism worth? .uspects what data are you using? bridget: we have an incredible data set at redfin. we have all of this information about how people are visiting our website, looking at homes, the aide said the trump administrationthe aide said thep but because we are a real estate administration hasn't used the program in over six months and brokerage, we have real estate agents walking through homes that authority may not seek to
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renew it. with their customers and making offers. was in the fbi we know which homes are being toward and which aren't. -- toured and which aren't. cyber division. what does this mean? >> these programs are becoming obsolete. to builds we are able the most accurate online home the repercussions value estimates in the industry. emily: we are uncertain times of the snowden incident from 2013, when edward snowden revealed these techniques and now, politically, economically there has been a housing downturn. burdened the government's techniques. do you know how well your algorithms perform in the we see the tech terrorists and downturn? bridget: we measure that, too. other threat actors moved to other platforms, coinciding with the emergencies -- emergence of we are a data-driven company and are always looking at those these security platforms like numbers. when's more uncertainty signal and whatsapp. the macroeconomic environment changes. therefore, these programs don't pricing algorithms can take time to adapt to that, but we have serve the purposes of national security anymore. been pleased with how the algorithm is performing. therefore, they are not serving the purpose of defending our country. the real-time data we get from agents and customers walking through home, that is able to they have also raised a number of privacy issues. >> what our security officials feed into the algorithm and tell us what we think homes will sell looking at now? is it looking at apps? for. emily: bridget frey chief technology officer --redfin where do they find the threat? chief technology officer, >> is a just mentioned, the bridget frey, thank you for stopping by.
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threat actors are looking to bridget: thank you, emily. emily: coming up, transferwise hide their communications, so any program that touches u.s. gain ground companies, such as these programs did with the telecommunications industry or the large internet service . we talk to the ceo, next. providers such as google, this is bloomberg. ♪ facebook, and others, they will avoid communications. separate intelligence agencies are going to have to step up their game. i don't think they will rely on the cooperation of the private sector for their intelligence purposes. emily: what about other collection methods like prism in the backdoors into u.s. technology companies? mark: the key to programs like those were cooperation with the private sector. more and more, companies are seeing this privacy issue, that they don't want to be associated with those programs. on a daily basis, platforms like google collect 10 times the amount of intelligence these other programs did from five or 10 years ago.
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you will see them disassociating themselves war and more -- more and more. when it comes to the privacy of people's information, companies want it to be legal and above board. eavesdropping and things like that are not accepted anymore. the government will have to change their techniques, and hopefully, they are, to a point where it is serving national security purposes in a way that the bad guys don't find out about. emily: given that, let's not kid ourselves. can't the u.s. government find ways to survey of u.s. citizens if they want to? mark: i think we live in a country, luckily, where privacy matters. despite what we hear about on both sides of the political aisle, the u.s., unlike other countries, does do it for the purpose of national security, issues.ry into privacy
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if this conversation was happening in other countries, we would not have the privacy issues, it would just be about what information do they have and how can we get a quicker. emily: if this goes away, does anything replace it or does it become obsolete? mark: i think it becomes obsolete because of the technology. that thisys know metadata is analyzed and coordinated by the u.s. emily: transferwise has a poor government, so why would they call people in the u.s.? didn't -- has appointed goldman the nature of the program is sachs to advise on a share of analyzing phone numbers and timestamps on u.s. phone records sales worth $200 million. and text messages. .hey're not using that this could value them about $4 billion, more than double of i hope there are metrics tied to eight months ago. we're joined by kristo kaarmann. it and that will prove that if the -- prove whether the great to see you and portion -- programs a worthwhile or not. in portion. -- in person. is anything really secure kristo: the problem we are is when signals is the messages are moving money across borders. encrypted? are they really? mark: encryption is nearly we figured out banks will tell to maket cost 35 bucks impossible to break.
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there are government agencies trying to do that, and even an international wire, but they private sector organizations, say -- they don't to 5% markup. what we have achieved so far is but it is hard to do. however, nothing is secure, to be 100% secure. bought -- brought transferwise around it.ways ways to several countries around the world. social engineering, compromised credentials, those are the weak links that can be compromised. the thing we have been able to with the funding and emily: all right, mark ray from nardello, thank you for stopping support of our users. by. emily: so there's a busy ipo huawei is trying to convince the u.s. that their technology is pipeline. safe to use in next and five g could transferwise be in that pipeline? kristo: not necessarily. technology. we don't see a huge benefit in they opened in brussels and gave being a public company. everyone an inside look at what would be going on. is a good funding market for huawei opened a new private companies today. emily: why not? to beingere no benefit a public company? security center in brussels. kristo: i think companies can still move faster when they the company said the allegations but forward, that it remain private.
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carries industrial espionage, i think that is very important for tech companies. emily: are you saying never? kristo: i'm not saying never. say they are false and they can good as a job as any other i'm saying not now. emily: there has been a rise of these calendar banks which is american company. that challenge is to balance the brought on a lot of attention. geopolitical tensions. what does that mean for your business? kristo: the change happening to traditional banks is interesting. huawei can do a good job when it we see that a lot in europe, challenges inn us comes to 5g technology and can do it for less money. a lot of ceos in europe will tell you if we are battle germany, and britain, and france now. this is a testament that a restricted from using chinese better service, whether that technology, inevitably, the cost will go up. it's cheaper, faster, more coming up, redfin is convenient, can be quite competitive to the traditional banks. working to close tax gender gaps. emily: would you ever buy one of how the company is creating its these companies or merge with them? kristo: i don't see that we need own pipeline on female talent, to do that. next. and if you like bloomberg news, check us out on the radio. we see a lot of those challenger listen on the bloomberg app, banks and traditional banks, and, in the u.s., sirius xm. this is bloomberg. ♪ theirtransferwise to customers.
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-- offer transferwise to their customers. regulators have been pretty if you'rerealized banking license remains low and you are taking deposits and giving it up to loans without keeping a fully collateralized. you see your employees ahead of asian expansion and asian banking. why have you filled those roles? kristo: transferwise is 1400 people in about 11 offices around the world. emily: people come and go, right? kristo: people mostly come, and we need more. we have about 130 open roles around the world. emily: for those concerned about the turnover at the top, what do
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you want to say to them? comeo: we see people who to transferwise and stay for a very long time. the reason being is they are motivated by what we do. it's clear how we are helping people save money, so we actually calculate every day and every month how many millions of dollars we save in banking fees. that is super inspiring. emily: all right, kristo kaarmann ceo of transferwise. thank you for stopping by. teslalloff i shares continue today. it began last week. most of the electric carmaker stores have been closed and it shifts to on line -- online sales. hall --us now is done dana hull. you have been breaking news over the past several days. tell us what these employees are saying.
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dana: they were blindsided. i think that was made clear by the fact that the news was posted on the blog post and they found out about it. they say theyt -- found out when the media found out. it was stunning for the staff. emily: the stores are already emily: when richard gray joined closing. you reported there is a store in is closed, palm redfin, he was one of the hand -- she was one of a handful springs that is closed, and if engineers. you call the stores, it is rerouted to another location. dana: our understanding was that mosque would be evaluating the stores. it's clear the low performing stores are already closed. own pulled the company's emily: let's talk about the reaction from investors. marketing specialists for engineering roles. and this has paid off on the shares have recovered a little bottom line. i outline this story my book bit from lowe's today, but we spoke to one investor who sold all of his tesla shares. it painsestor tweeted " which is out in paperback today --h a new after
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me to say this, since i love the company, but we have sold our bridget joins us now from position in tesla for our seattle. take you for joining us. advisory clients. i believe the decision to close it was so great to have a positive for he -- story of retail stores is a bad one and progress. proves weakness in the company. didnt you to share what you -- company." is that what most of the , how you recruited women who pessimistic investors are telling you? didn't necessarily have the technical skills that you might dana: it's important to notice have looked for in a typical job ,hat alex lives in pasadena , and turn them into engineers that went on to owns a tesla, and has been progress at the company. pro-tesla for a while. >> one of the things we did is look for women who are working in roles that were adjacent to this decision to close the stores was a complete 180 from software development, someone what tesla had been saying they were planning to do. who was in a technical marketing emily: exactly. role, and we used this training we had built to teach them how last quarter, they opened to build software at redfin. we found along the way is that multiple stores, including more than they had in any quarter in a year-and-a-half. it is easier to teach someone to they also touted their retail code than to teach them how to strategy. be a decent human being, someone it does not seem like something who can work collaboratively on tesla was considering for a the team. these women are doing well, and while. it seems like it was an abrupt it has been this huge
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competitive advantage for redfin decision. dana: i think that is what as we can recruit engineers that caught investors off guard. other people can't. there's an argument to be made emily: so you created your own that americans and people around pipeline, but how do you know it was working and these women could go on to be promoted and the world are shifting their purchases to online. successful at the company? there are a lot of dealerships and startups trying to help bridget: the one thing we did is we measure everything. dealers with the online sales process. we are a data-driven company. it's not unreasonable that tesla we looked at everything about our numbers, we look at our would want to experiment with numbers on genderllas online sales, but to announce their completely shutting most of their stores and switching to online only, that caught people by surprise. emily: i want to talk about tesla's employment worldwide. they employ almost 50,000 people. headcount this chart, has been increasing significantly, year on year. you are reporting new information that there are dozens of jobs that are going to go above a -- go away at the fremont factory.
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how many jobs are actually going away? dana: in january, tesla did a 7% reduction in workforce worldwide. on the call last thursday, when they announced this pivot to online sales, muskeg knowledged they would be laying off a lot of the sales and marketing people and it shifting those positions to either stores remaining open or to service jobs. emily: than a half, i know you will continue to keep us posted -- dana hull, i know you will continue to keep us posted. coming up, will they or won't they? plans says they have no for a censored search engine in china, but a new report says they may not -- that may not be the case. we will discuss that next. this is bloomberg. ♪
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emily: this is bloomberg technology global link where we join bloomberg daybreak: australia to bring the latest in global tech news. sheryily chang with ahn and haidi stroud-watts. shery, what do you got? hasy: softbank's fund raised $3 billion thanks to a loan from banks like goldman sachs. it will help bridge funding gaps. the vision fund is the world zynga's largest pool of capital for technology investment. france is getting ready to levy a new digital tax against
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companies like google, facebook and twitter that could go in effect on march 6 and be tax.e's fiv first such revenue of $489 million globally. that is according to an interview of rafrance's finance minister. google has said it will not allow political ads in this year's elections. google will not accept advertising on all of its ad platforms including youtube, search, and exchange for the remainder of the 20 19th election. those of the top global tech stories we're watching. emily: i want to stick with google, specifically the continued debate of a possible chinese search engine. this was the scene in september when the google ceo defendant google about reports that they were working with the chinese government on a censored search engine. >> we have no plans to launch in
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china. we don't have a search product there. our core mission is to provide users with access to information. getting access to information is an important human right. we try hard to provide that information. emily: a new report from the interceptor is singing google employees have been investigating those claims themselves and claim to have found as recently as february of this year to indicate continue development on the development known as dragonfly. to discuss, i have garrett the bank. what are employees saying? garrit: some employees said they did not really trust google what you saw sundar pichai say that they were going to put this aside. they were watching some of the code within the public databases at google and they claim there have been changes to the code that was used, being put
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together for a potential china search engine. google is equivocal that they are not doing this at all. emily: google has said this speculation is inaccurate. we have no plans to launch search in china and no work being undertaken on such a project. team members have moved to new projects. how do we square this? gerrit: i think google has been very clear, this is something they don't want to be lying about and be found out again that they were actually doing this. but, they are not going to come out and they we are never, ever going to do this. this is a huge company. they want to be around for 100 years. emily: i want to hear sindar say think he swear -- pinky swear. gerrit: people do not trust google anymore. maybe they should have never trusted them, but at this point, people see them as a big company trying to make money and do whatever it takes to do that. haidi: maybe he is crossing his fingers behind his back.
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we saw china revenue jumped over 60%. a good result. are there good monetary reasons why they would not be shutting down all options? gerrit: google owns android which is the most important operating system in china. in any kind of -- google has amassed a presence there. daily byology is used most chinese people. the company in a way has a very strong presence. chinese ad developers build all kinds of apps with its api. it was a search engine that had the nerve within the company because people felt they did not want to be helping the chinese government to censor search results. aidi: also, there is probably point to be made that even if they got back in the market, it is hard to get any kind of advantage given how far behind
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and dominant the local search engines are. true, google very has no position in search. when you talk to people here in the states about it, they still believe their technology is better than the local player. i think people within google were kind of chomping at the bit to see if they could solve the china, if theyin can make a real run there. i think they truly believe if they were able to do this, they could be successful. their employees pushed back very strongly and they had to make the decision. emily: let's talk about the employee activism which has been a big issue with google. google employees have made progress with their activism, especially when it comes to arbitration. perhaps on the china issue as well. should google be concerned that their own employees are investigating the company from within? gerrit: i think you can look at it two ways. google employees have caused a lot of headaches for executives
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this year. who is really running the company? are you running the company or the activist employees? on some issues, there is broad support within the company, in particular when it comes to the gender pay gap. a smaller subset of google is concerned about it. at the end of the day, the company has always pitched to its employees come work on the world's biggest problems. do the things you want to do and make a difference.if they want to keep saying that , they have to allow their employees are going to push back on some things they don't agree with. haidi: thank you so much for joining us. gerrit, who covers alphabet for us in new york. still plenty to come on bloomberg tv. this is bloomberg. ♪
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emily: new york's tech scene is growing up. venture capitalist investment is gluing. tech giants have added jobs in the city and startups are finding multibillion dollar exits. that is even as amazon has pulled out of its plan to build a second headquarters in queens. the question continues to be will new york ever become the next silicon valley? let's bring in our next guest, micheal loeb, a new focus on startup investing. also, matt, managing director of bain capital. he focuses on investment in technology services. i'm totally unbiased. will new york ever become the next silicon valley? >> i don't think we want to become the next silicon valley. i think we will have our own vibe and our own charisma and
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personality. it is nice to have another silicon valley because last i looked, silicon valley has been doing pretty well. emily: i said multibillion dollar exits. but we have not seen a $10 billion tech company in new york yet. will we? >> certainly dozens. emily: i cannot think of another one. michael: it falls off pretty quickly after wework. it is notable because it is a commercial real estate company. that is what you see here in new york, industries that matter. matt: industries that matter with a fresh technology approach. michael: as opposed to san francisco. emily: how big of a blow is amazon pulling out? matt: i think the way it was handled was a blow. i think people want to face off against new york and have a counterparty they can rely on. i think the way they handled it was poor.
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i think the outcome does not matter much. we have plenty of homegrown companies as well as facebook and google. emily: what went wrong? michael: i respectfully disagree. i think it is a body blow. i think the behavior of love you was -- de blasio was despicable. he is supposed to be the number one salesman for new york. it is kind of like, if i had a salesman who did not make the sale and blamed the client for not signing on the dotted line, they are fired. emily: what should the mayor have done? michael: the mayor should have done what any good salesman has done which is handheld the client to make sure that not only the horse is to the water but the course is actually -- horse is actually drinking. i put the blame subtly on him and -- solidly anon him and a.o.c. shouldn't amazon
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should have known better in many ways that it needed to build its constituency? matt: i don't think amazon has an obligation to do that but i think they ran the progress -- in this climate, having 220 municipalities compete, spend resources, knowing the vast majority will lose was tone deaf. i don't think amazon is going to suffer from it, but i think in retrospect, they could have done it better. emily: you think it is a body blow, how? michael: new york has had some tremendous momentum. i think about the cornell initiative which bloomberg actually sparked. i think the momentum of google buying chelsea markets for $2.4 billion. they have 7000 to 8000 employees. new yorkseeing develop as silicon valley part two. i think a punctuation point on that would have been amazon.
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i think it is a statement that it is hard to do business here, that we don't welcome tech companies like we should. i think it is not just the loss of the 25,000 or so jobs, i think it is the meaning of it, what it signifies, which is we cannot get it over the finish line. matt: respectfully, when was the last time you saw san francisco offer an incentive for someone to move there? we, new york, we need to be in a place where we don't offer tax breaks. i think we are actually there. notwithstanding, i wish we would have gotten amazon but a body blow is too hard. emily: where do you see the opportunities in new york despite the fact this has happened? matt: i will take it. for new york, we have invested over a quarter billion dollars the past five years in fintech, which is what i do. commerce. health care. and, infrastructure software
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which is relatively new for new york but it is a high-growth area. so, we see across the board great entrepreneurs. emily: i think michael giana ris tried to call you. where are you investing and where do you see the opportunities? michael: we are rather eclectic. we see many opportunities. we see a lot of disruption all over the market. we see a lot of talent here. a lot of young people love to be here because of the culture, the restaurants, the museums, the camaraderie. there is something about this fishbowl of new york and putting all these people here in such a concentrated place. we like fintech, we like heltech, we like retailtech, we like what the helltech. anything that is big, disruptive, bluewater. there was a lot of that these
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days with developments like facebook and all the other ways to reach a consumer. we never had a mechanism to reach 2 billion people at once and now we do. emily: i always love a friendly debate so thank you for participating. we will have to do this again. michael loeb and matt harris, thank you both. still ahead, wholesale retail is drawing the attention of big retailers. how it can compete with online and traditional retail giants. we will be speaking to the ceo. this is bloomberg. ♪
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emily: while amazon continues to threaten online retailers, one startup is holding its own. boxed has managed to differentiate itself on the e-commerce giant, offering a limited selection of household products in bulk siezes.
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it sells items like those you find in cosco without the membership fee. it has raised $250 million, drawing interest from traditional retailers like kroger. joining us to discuss is the ceo. great to have you with us. >> thanks for having me. emily: i think the last time you were on, you were talking about the transition of a fully automated warehouse. how has that transition actually proceeded? >> it proceeded rather quickly. i would say 18 months ago was our first foray in full automation. now, it is humming along. i within the first week we first turn it on, like, ok, what did we get ourselves into? moving quickly, we turned the dial up 100% and got through the kinks. emily: you say you have added more jobs than you lost. how? chieh: what is interesting is we see it time and time again, yet there is this narrative that automation is going to kill everything and all jobs across the country. i don't think that is the case,
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when you think about atm's, they have not killed the banking industry. there are more folks that work at banks than the pre-atm era. for boxed, we have been able to grow our business, raise more money. an improved economics to hire more people. we have more folks on step in the proponent center than pre-automation. emily: what is happening in the retail space is very interesting because often you are seeing off-line retail giants figure out online. they actually have pretty strong quarters. what does that say to you? chieh: it says everyone is moving faster and faster. even we have to move faster. we have never been so full of hubris to say that when most of silicon valley was saying, oh, retailers are dead. i don't shop there anymore, they are debt. at the same time, brick-and-mortar retailers five, six years ago also said that online play is a toy. it ended up being a race. retailers are going to find out technology faster than tech
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companies figure out retail? everyone is going towards that final goal. emily: kroger offered to buy you for $400 million last year. you turned them down, why? chieh: i would not say we turned them down. we learned a lot about them and the other folks interested in our business, and remain in awe of what they have built over the long history. emily: if you did not turn them down, what happened? chieh: just, you know, it was a bad day. i did not call them back. no, that is not how deals usually happen. we got to know each other over that time. we got to know other companies as well. we just felt like there was way more runway as us as a company. when you think about online grocery and what we sell, we are not in the first inning anymore, but we are not in the fifth inning as well. emily: what selling to a larger player like that be something you consider? chieh: i would say with this last round, led by a traditional
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retailer, eon group in japan, it gives us the runway to actually play this out. what do i mean by play it out? i think the best thing we can do is march along the path of filing an s1 one day. if we do that, any private outcome will probably be optimized because our finances will be in place, the growth will all be there. emily: amazon continues to pick up its prime offerings, investing heavily nvidia. obviously, has the profitability of aws to do whatever they want to do on the e-commerce side. how do you compete? chieh: it is never easy. the good thing though is when we started the business from scratch, we did not think, my gosh, how are we going to do this? starting off with limited assortment so whenever we do sell something, we sell a lot of it. when we ship, it is eight to 10 items of profitability. when we think about private plan, b2b.
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all these little steps built into the overall profitability picture. emily: i have to ask you because i think it is awesome. you pay for your employees to get married. you pay for their weddings. chieh: life-changing events like weddings or a loved one that is sick. emily: how do you think that has changed your company culture? why do you think it is important to do that? chieh: i think it is important because when you think of us not having stores yet, our frontline retail employees, we don't have them because we don't have stores. but, we have fulfillment employees that can fill boxes. for that kind of reason, from a practical basis, you want to treat them like they are part of the overall team. for folks in the fulfillment centers, there are studies that show 75% of americans can't pay a $500 bill if they were presented with one. helping them with life-changing events is really important. emily: competition is stiff.
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i never like to say never, but i feel like it is safe to say jeff bezos would never do that. chieh: maybe you think about it sometimes. i don't know. there's also a business aspect to it. at the end of the day, when you $125,000 to a recruiter. replacing manager to director level, it is $35,000 to $75,000. if you increase retention and lower turnover, that is a big pool of money you can help employees with big event like that. emily: great to see you in person. thank you for stopping by. amazon's move into original tv shows and movies is posing a complication. disney ceo bob iger, the majority of shareholders said they would reelect iger to that seat, but would it cause a conflict of interest which breaches a breaking point? who is calling this a conflict
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of interest? mark: as we know, iger has been on apple's board since 2011 and runs disney. we spoke to corporate governance experts who say this means they are going in each other's territory because they are both working on these streaming video services. apple at the end of this month will officially enter the tv shows and movies entertainment industry. they have been ramping up for quite some time. of course, this is bob iger's bread-and-butter. the problem is, as chairman and ceo of disney, he is going to become apple's largest competitor. this harkens back to something we saw 10 years ago when eric schmidt, ceo of what was called google at the time, now alphabet, had to recuse himself from apple board meetings until steve jobs had him resign because things were getting too complicated. emily: what do we know at this point about apple's streaming strategy? folks in l.a. say that apple is
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moving pretty slowly. we don't know what their strategy is. mark: right. i think it is complex to get to a simple type of thing. i think from a consumer perspective, someone who has not been following all the ins and outs and the drama on this development find it quite simple. i will talk about it from a consumer's protective -- consumer perspective. i imagine they will bring this to the apple tv. they will bring this in the mac. you can get all of this original content that apple is providing, in addition to tapping into a subscription plan for things like hbo, starz, and showtime. combined with espn, the itunes and movie, tv shows library. a different package from apple. emily: apple does have this event coming up this month. we don't know a lot about it but
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it appears to be tied to streaming. what do you know so far? mark: this is not something they have not done in the past. now, they are positioning themselves, it makes sense. this will be a media event currently planned for march 25 at the apple part campus in cupertino, california where they will be focused on services. apple has been working on three new services related projects. one, obviously the video project we are talking about. another is the premium magazine subscription service where you can subscribe to a bunch of magazines for one bundled price. they're also working with goldman sachs on this credit card. they are waiting to release a new apple pay app for iphone's at the end of march. mark: i know you will continue to keep us posted. emily: mark gurman for bloomberg tech, thank you. that does it for this edition of bloomberg technology. we are live streaming on twitter
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@technology. follow tictoc on twitter. this is bloomberg. ♪
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haidi: very good morning. i'm haidi stroud-watts in sydney where australian markets have opened for trade. shery: good evening from new york, i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. asia." to "daybreak: ♪ haidi: our top stories this wednesday. asia-pacific markets facing an uncertain start after wall street closes lower. investors still hungry for details on the trade deal. g.e. the big loser, falling the
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