. ♪ caroline: my colleague cory johnson caught up. she is the founder of the start up of the latin america operations, and former advisor ♪ caroline: my colleague cory johnson caught up. she is the founder of the start up of the latin america operations, and former advisor to twitter. >> i think if you look at the history of some of those things in the companies we saw a, there is a lot of the data, historically. even today in silicon valley, many of the highly skilled workers here are immigrants. when you step back and look at our labor force, the source of innovation, it has been bred by openness, and open immigration policy that lets the best and brightest minds flow easily into this country. cory: the notion of non-comprehensive immigration reform, these will keep the people across the border illegally out, the people donald trump has spoken about, people that are going to do good things, and let's keep the other ones out. >> it is easy to say that in theory, but in practice, these are very broad brush strokes. there is very lit

and our editor at large cory johnson. "the" cory johnson that was just there with stacy smith. is he being disingenuous here? cory: he didn't say anything untrue, certainly. and what they are doing is a huge deal. and the numbers that he cited in the olval office -- is a very important employer and exploited that grilli. but i think they are exporting the desire of the president to tout things that are in the works as if they would not have happened without him. and that is sort of the case of ibm, which has been laying off workers in the u.s. re-announcing numbers on the president-elect at the time, trumpeting them. but maybe never so moreso in this case, where we have this amazing thing heard i found this picture of the president speaking in front of this building saying, wait, it was that president. speaking of front of the same building. the factory being built behind the is an example that america reach, and america that attract the next generation of manufacturing jobs. caroline: 2012. cory: january 2012. the notion our last president and our current president have both l

and our editor at large cory johnson. "the" cory johnson that was just there with stacy smith. is he being disingenuous here? cory: he didn't say anything untrue, certainly. and what they are doing is a huge deal. and the numbers that he cited in in the oval office are impressive numbers indeed. intel is a very important employer of immigrants in the u.s. and have exploited that greatly. but i think they are exporting the desire of the president to tout things that are in the works as if they would not have happened without him. and that is sort of the case of ibm, which has been laying off workers in the u.s. re-announcing numbers on the president-elect at the time, trumpeting them. but maybe never so moreso in this case, where we have this amazing thing heard i found this picture of the president speaking in front of this building saying, wait, it was that president. speaking of front of the same building. the factory being built behind the is an example that america is within reach, and america that attract the next generation -- that attracts the next generation of manufact

caroline: cory johnson for more. daily actives are improving and they are getting better engagement from those users on their platform, but it the end of the day, twitter needs to decide what it is and what it isn't. they are trying to continue this ma you grow story, but it is not happening. when you are going through big world events with donald trump and the trump administration utilizing it as their primary communication tool to the world, and still not seeing any in krugman's in the conversion rates, because what we do know least 2are getting at million new visitors coming to their site every single day in some capacity, and they are not able to convert those users, and ultimately i think the rocky road ahead is just about to get even rockier. caroline: even rockier, cory. dig into some of the key issues you have been seeing here you have been doing your own analysis, pathetically on some of the dilution in terms of shares. cory: in the midst of this inability to grow users, grow per user wasnue better. they are

i want to bring back cory johnson in san francisco. cory, how do you think sill convalley, other than obviously those who -- silicon valley, other than those who signed on to support the, you know, support the states, how do you think they'll react to this? what exactly is going to be the impact? cory: well, look, silicon valley relies a lot on immigrants and immigration. there are so many important companies in silicon valley that were founded not just by immigrants but by refugees from war-torn countries whether steve jobs the son of a syrian immigrant, or, you know, andy grove who fled the holocaust to come here and start intel. and companies like google, you know, one of the google cofounders, his family fled soviet union. so it's really an important part of the fabric of silicon valley. but i think that this battle, you know, greg talked about the significance of this battle and what kind of setback this is for the trump administration. if we were to take them at face value, this is something that they wanted this temporary ban is

caroline: that was david kirkpatrick and cory johnson. a story we are following, apple has yet again sent in a request to sell used iphones in india. this as the tech giant negotiate with the government to start production in the country. the last attempt to get this license was met resistance. industry executives and government ministries believe this could undermine the make in india program to encourage local manufacturing. apple is exerting its brand influence. its pre-owned devices will be cheaper and target a price-sensitive market. coming up, we sit down with aol ceo tim armstrong and quiz him about his goal to have women represent 50% of aol's leadership by 2020. a reminder that all episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv weekdays at 5:00 p.m. new york and 2:00 p.m. in san francisco. this is bloomberg. ♪ ♪ caroline: a revolving door in tech, a new ceo at zenefits. he will be the third ceo of the embattled startup since 2016. david sacks announced he would be stepping dow

caroline: that was cory johnson with dallas mavericks owner mark cuban. we bring you more lives live on the mba tech summit in new orleans later this hour. the latest read on how tech entrepreneurs are weighing the current political climate. we will discuss with ceo greg becker, next. this is bloomberg. ♪ caroline: the current political environment has entrepreneurs wary about the future according to silicon valley surveys. they are less optimistic this year with uncertainty about funding. joining us is greg becker. great to have you. optimism is shrinking. perhaps not that surprising when you realize all of this data was .rought after the election >> we did a poll. we do a poll every year. roughly 950 startups. kind of got their perspective on how they are feeling about the market. that is the main part of the survey. it was interesting from a timing perspective. we saw the highest level of lower optimism. always optimistic technology. the timings is given there was so much uncertainty, we saw a drop. it went from 70% feeling this you would be better t

caroline: we spoke with cory johnson and james for more. they are getting better engagement from those users on their platform. at the end of the day of twitter needs to decide what it is and what it isn't. they are trying to continue this growth story but it is not happening. when you are going through the biggest world events, with donald trump now in the trump administration, utilizing him as tool to the world and still not seeing any improvement in the conversion rate. getting at least 2 million new visitors coming to their site every single day in some capacity. they are not able to convert those users. the rocky road ahead is just about to get even rockier. caroline: get even rockier, cory, dig into the sea -- key issues here. your own analysis on some of the dilution in shares. cory: in the midst of this, inability to grow users, inability to grow revenue, they are giving a lots of stock options out. a very different business from an income statement point. the stock compensation for this company is at massive levels and you have gon

caroline: that was cory johnson with dallas mavericks owner mark cuban. we bring you more lives live on the mba tech summit in new orleans later this hour. coming up, the latest read on how tech entrepreneurs are weighing the current political climate. we will discuss with ceo greg becker, next. this is bloomberg. ♪ caroline: the current political environment has entrepreneurs wary about the future according to silicon valley surveys. they are less optimistic this year with uncertainty about funding. joining us is greg becker. great to have you. optimism is shrinking. perhaps not that surprising when you realize all of this data was brought after the election. >> we did a poll. we do a poll every year. roughly 950 startups. kind of got their perspective on how they are feeling about the market. that is the main part of the survey. it was interesting from a timing perspective. we saw the highest level of lower optimism. always optimistic technology. what happens is given the timing there was so much uncertainty, we saw a drop. it went from 70% feeling th

in new york.e wood enter editor at large cory johnson. staying with tech company sentiment, expedia posted mixed earnings in the latest report after the bell thursday. sales rose 23% but spending rose as the company hired for people to work on the integration of residential units home away. they called it the election a president trump, but it had no real effect on the business yet. but it has did with many tech leaders who'd criticized trump 's travel ban. we spoke exclusively to the ceo. on how the company is bracing for impact from the ban. >> i think it is a real risk. at the time of the travel ban, we did see some volatility. we had about 1000 customers who had passports from the seven countries impacted that were really in a state of chaos. to the extent that the brand of the u.s.a. that stands for openness, tolerance, freedom is damaged by these travel bans, it impact our tourism industry and that is something we would be very concerned about. caroline: the expedia cfo speaking to us earlier. now, coming up, rising cloud and conten

so david kirkpatrick, and cory johnson, it is an interesting one. they look expensive compared to peers, compared to when twitter came to the market. $18.5 billion, it is not as much as they originally were looking to get. cory: they were around $24 billion and for groupon, that never came to be. what becomes of this, i do not know. it is high. on the positive side, they have big growth numbers. and we know the story of how hard the consumers are two reach and how valuable they are. but this is a high price for any company of any kind with any kind of growth metrics. but for one has negative margins, one with growth as small, there were the questions raised. this will be interesting. there are very strange things in the filing, not the least of which is unsteady growth rate. there was a quarter, the first quarter of this year, only 14% growth sequentially and then he turned it around. so what happened? these are things that will come up on the roadshow. caroline: david, what do you think? how much is riding on snap and the founders and how much they

so david kirkpatrick, and cory johnson, it is an interesting one. they look expensive compared to peers, compared to when twitter came to the market. is not as muchit as they originally were looking to get. cory: they were around $24 billion and for groupon, that never came to be. what becomes of this, i do not know. it is high. on the positive side, they have big growth numbers. and we know the story of how hard the consumers are two reach and how valuable they are. but this is a high price for any company of any kind with any kind of growth metrics. but for one has negative margins, one with growth as small, where -- there where the questions raised. this will be interesting. there are very strange things in the filing, not the least of which is unsteady growth rate. there was a quarter, the first quarter of this year, only 14% growth sequentially and then he turned it around. so what happened? these are things that will come up on the roadshow. caroline: david, what do you think? how much is riding on snap and the founders and how much they take

thank you, cory johnson. coming up, uber and tesla get different reactions about supporting president trump. we will break down the backlash. and this week on bloomberg television, we bring you our best interviews from this week in tech. including aol cofounder steve case. he discussed some of the other changes we need to see within the u.s. regardless of any change in policy. tune in the saturday for the best of bloomberg technology. this is bloomberg. ♪ caroline: now while many ceos have joined trump's business advisory council, there is one notable tech standout. tesla ceo elon musk. i caught up with musk biographer ashlee vance to talk about how -- >> it is a strange turn of events. if you look at his personality and where he will fall on the political spectrum, trump is not the first person you would assume he would be united with. peter thiel has been this big supporter of trump. he sees himself as the voice of reason. someone who can offer a big perspective on things like global warming, manufacturin

. ♪ cory: i'm cory johnson in for caroline hyde. who is in for emily chang, i am still cory johnson, this is "bloomberg technology". 97 tech companies take a stand as san francisco becomes ground zero in president trump's travel ban. plus, we will chat -- cap into virtual reality. a detailed look on who will be banking off of virtual reality. uber is researching floating taxis. we will talk to the man who literally wrote the book on uber's flying cars. the epicenter of the international debate on president trump's immigration policy is right here in san francisco. the ban temporarily restricted citizens from seven muslim majority countries from entering the u.s., with a permanent ban on refugees from syria. it remains on hold after a judge in seattle ordered a hold on the ban. the ninth circuit court of appears -- appeals here in san francisco is deciding whether to restore the ban or revert to earlier policy. that decision is expected at any moment. 97 companies, including some of the biggest names in tech, filing a legal brief con

cory johnson is at the tech conference. he's standing by with the cochair of been capital and co-owner of the boston celtics. been partbody who has of this game for a while -- let me ask you about that. what is the nba to a technology summit? this has been part of the all-star game come all-star weaken for a while. this is my 12th or 13th tech summit. it started out as a small effort to get the industry together to think about how could technology really benefit the nba. even stern put the whole thing together. it has grown amazingly. it gets them ahead of globalizing the game of basketball. we get a lot out of it. there are panels on how you whatnicate with your fans, are the pr technologies, what are the trends in terms of cable, so you get an understanding of where the main industry is going. will love traditional i know you can't talk about because the ipo just found that was sort of typical. we have these atypical things happening, particularly the interest with softbank. i wonder why you think that is happening now. s

. ♪ cory: i'm cory johnson in for caroline hyde. this is bloomberg technology. 97 tech companies take a stand as san francisco becomes ground zero in president trump's travel ban. a detailed look on who will be making off of virtual reality. ber is researching floating taxis. we will talk to the man who literally wrote the look on uber's flying cars. the epicenter of the international debate on president trump's immigration policy is right here in san francisco. the band temporarily restricted citizens from seven muslim majority countries from entering the u.s. it remains on hold after a judge in seattle ordered a hold on the band. they are now deciding whether to revert toe band or earlier policy. 97 companies, including some of techiggest names in filing a legal brief condemning the ban. let's bring in shannon peddie. what is the latest? the deadline for response from the trump administration was two minutes ago. shannon: they get their response and they could have the appeals court issue a ruling off that or they could request to

joining us to dig into those numbers is cory johnson. we are seeing the function, if you are looking at it come a shares fell in after-hours trading, popping slightly higher. it seemed to be in line. cory: second quarter often tougher cisco. this is another slow turn that is cisco as they moved through security, more towards software. you see the turn of their business. when it comes to burning surprises, you know that is a phrase that gets the hackles of my era. if you go to my bloomberg terminal you can get this great command, this is the sixth column, it shows the percentage of surprise. if i scroll back through 2016, 2015, 2014, all green. as far back as we can see. cisco has beaten its earnings-per-share estimates when it comes to adjusted earnings. the fact that the company beats by a penny is so meaningless with this company because they manage expectations and guidance. you have to look under the covers to see what is going on. >> you will see that fourth quarter is declining on stagnant sales. where are they struggling? >> e.m.

cory johnson. networks.cquire two caroline hyde is with the paypal ceo, who helped turn then mow into a millennial favorite,'s processing 7.6 billion in payments last year. caroline? great $233ndeed million being put to work. how does it filled out paypal? providers a built pay for the underserved. paypal from the beginning has been a democratize or of money, and we think a lot about how we democratize the management of money around the world. the underserved is a big part of how we think about bringing folks into that democratize asian. we think of bill pay as a critical service for those folks. also the underserved, we think about the population of more than 1/3 of the u.s. population, people around the world are unserved by traditional financial products. we think we can get a pathway not only into financial inclusion, but the digital economy. we think about tio as part of our broader vision around how we democratize the management, movement of money to consumers around the world. caroline: are

. ♪ ♪ cory: i am cory johnson and this is "bloomberg technology." befores its final stop the big ipo planned for later this week. investors question its growth. warren buffett takes a bigger bite. he has purchased more than 100 million shares of apple. spacex shoots for the moon. two a name to citizens have put money down for a lunar mission. as wall street prepares for the first tech ipo of the year, snapchat's management team make s its final roadshow in san francisco. investors are pitching the company to investors. million users but growth has slowed to 3%. joining us now, sarah frier. this user growth issue to me is one of the biggest issues with this company. when you look at the sequential user growth, is slowing down. sarah: it has been a top question for snap executives at the roadshow. and in new york, a lot of people we talked to who went to the roadshow expressed skepticism. their answer to the user growth issue was it was due to some issue with their android product. worried maybe are this is because instagram copied snap's product in a

to break down the numbers, cory johnson. and from new york, james, an analyst. we start with you, james. we saw an increase in daily active users, up 11%. sales miss, up just 1%. was there any silver lining amid all the clouds? james: no, none whatsoever. that is not quite fair. the daily actives are improving, and they are getting better engagement from those users on the platform. at the end of the day, i think twitter needs to decide what it what it -- what it is and what it is not they are trying to do, you know, continue this mau growth story. but it is just not happening. when you are going through all of the biggest world events with donald trump and the trump administration utilizing it as their primary communication tool to the world and still not seeing any improvements in the conversion rates, because what we do know, they are getting at least 2 million new visitors coming to their site every single day in some capacity. and they are not able to convert those users, and ultimately, i think the rocky road ahead is about to get even rockier. caroline: c

. ♪ >> i am cory johnson and this is bloomberg technology. the nasdaq, dow, and s&p 500, all hitting all-time highs, propelled by tech leader apple. paypal by the canadian cio. hear from paypal's coo. amazing. toshiba's falling star. why a $6 billion nuclear right down is just -- writedown is just the beginning of the problem. has beenoolittle watching it all day. what happened? >> great to have you here. it is pretty amazing. yet another day of simultaneous record highs for the dow, nasdaq, and s&p 500. apple putting in its first record high since 2015, right about two years ago. two record highs and a close. two record closes in a row. behind this is continued bullish chatter about the iphone eight super cycle, the potential for that, but strong demand for the iphone 7, so a really big turnaround for the disappointment on the iphone 6s. out of the election, cap was a losing center. we take a look at -- this shows a lot of the technology shares out of the election. there is a lot going on. the main point, if we really take our time with this

this is bloomberg. ♪ cory: this is "bloomberg technology." i am cory johnson. we have been discussing a rough week for over. -- uber with a sexual harassment claim and waymo alleging the theft of trade secrets. >> it does seem like google is sort of kicking over while it is down. they have had a terrible week. exposed anthony who left in generally -- january to start waymo -- cory: he was profiled in "the new yorker" and the embodiment of silicon valley trying to do impossible things. >> very brash, very ambitious. he started this at the university of berkeley. 510 and was working on it on the side with some of the same technology waymo is accusing him of stealing and taking to uber. like radar with lasers. >> is fairly expensive. costs are coming down dramatically. i think google was paying upwards of twice as much, $64,000 for some of the original models. the timeline for thomas vehicles is far away because to make them commercial, the equipment is expensive. the costs are going down. that might be uber's have to say we would ditch the stuff google says was s

this is bloomberg. ♪ cory: this is "bloomberg technology." i am cory johnson. we have been discussing a rough week uber with a sexual harassment claim and waymo alleging the theft of trade secrets. >> it does seem like google is sort of kicking uber while it is down. they have had a terrible week. the email exposed anthony who left in january to start waymo -- cory: he was profiled in "the new yorker" and the embodiment of silicon valley trying to do impossible things. >> very brash, very ambitious. he started this at the university of berkeley. he started 510 and was working on it on the side with some of the same technology waymo is accusing him of stealing and taking to uber. cory: lidar is like radar with lasers. >> is fairly expensive. costs are coming down dramatically. i think google was paying upwards of twice as much, $64,000 for some of the original models. the timeline for autonomous vehicles is far away because to make them commercial, the equipment is expensive. the costs are going down. that might be uber's have to say we would ditch the stuff goo

i'm cory johnson. apple is weaning itself from developers and developing its own chips that use technology from arm holdings. sells andnductor firm licenses to dozens of company, but also qualcomm and samsung. for $32 lot by softbank billion last year. we spoke with the ceo simon segars. simon: we are still focused, working with our partners, developing next generation sorts ofy used in all devices from smartphones to microcontrollers and washing machines, so it is business as usual for us. cory: what about the other ways? what is different? we are now to think in a much longer term about investments we make in new emerging trends for technology, how they're being used, and spend more time thinking about long-term strategy than we could before, so it is business as usual in terms of execution, but that howarallel with people will use technology and what that will mean. cory: president trump took notice of it. i wonder what that means for arm. does arm end up working with other semiconductor firms? simo

. ♪ ♪ cory: i am cory johnson and this is "bloomberg technology." coming up, the snap ipo roadshow makes its final stop. validateplan to investments. plus, warren buffett takes a bigger bite. he has purchased more than 100 million shares of apple. and spacex shoots for the moon. elon musk says to unnamed citizens have put money down for a lunar mission. as wall street prepares for the first tech ipo of the year, snapchat's management team makes its final roadshow in san francisco. executives are pitching the company to investors. the progress of snapchat's business is slowing. it has 178 million users but the pace of user growth has slowed to 3% sequentially. joining us now, sarah frier. this user growth issue to me is one of the biggest issues with this company. when you look at the sequential user growth, it has really fallen down. sarah: it has been a top question for snap executives at the roadshow. and in new york, a lot of people we talked to who went to the roadshow expressed skepticism. their answer to the user growth issue was it was due to

cory johnson is joined by a very special and tell guest. cory: stacy smith joining us right now, former cfo at intel. she has a big fancy title now, but this is something you have been overlooking, capital expenditures at intel. -- is this newn spending? is it incremental on the about us on the $11 billion expected for 2017 already? >> it is in our capital forecast for this year, but it will be the next big factory we build. as you know, it will take several years to build. what we announced today is that our next big factory will be arizona, and it will be the most advanced semiconductor factory on the planet. it is a massive investment. it will be $7 billion of capex and will create 3000 high wage, high tech jobs, and probably 10,000 jobs in the community supporting the factory. it points to how we are growing and how we have transformed. cory: huge deal. the building is basically already built, right? >> yeah. that has been, in essence, mothballed. there is some work to complete the shell. we're starting that this year, and we will build

cory: welcome back to the "best of bloomberg technology". i'm cory johnson. apple is weaning itself from developers and developing its own chips that use technology from arm holdings. the semiconductor firm sells and licenses to dozens of company, but also qualcomm and samsung. it was bought by softbank for $32 billion last year. we spoke with the ceo simon segars. simon: we are still focused, working with our partners, developing next generation technology used in all sorts of devices from smartphones to microcontrollers in washing machines, so it is business as usual for us. cory: what about the other ways? what is different? simon: we are now to think in a much longer term about investments we make in new emerging trends for technology, how they're being used, and spend more time thinking about long-term strategy than we could before, so it is business as usual in terms of execution, but in parallel with that how people will use technology and what that will mean. cory: president trump took notice of it. i wonder what that means for arm. does arm end up wo

♪ cory: i am cory johnson, and this is the "best of bloomberg technology" where we bring you the top interviews from the week in tech. coming up, snap hits the streets with its ipo roadshow and faces investor concerns. the problem with snapchat's growth ahead. plus, tesla pops the hood, falling vehicle sales. and, our exclusive interview with arm holding's ceo. snapchat kicked off its roadshow ahead of an ipo. red herring disclosed slowing user engagement and rights treatment. joe siegel is a portfolio manager. >> i think anything at $20 billion, you have to justify the valuation. here, the questions are around user growth. around they danced issue of user growth, alluding to issues of the android. monetization they touched on lightly, but as the story progresses, you will need to see more metrics. cory: we were joined for more. >> we were outside the mandarin oriental today trying to grab investors to hear their take. to their point, when asked what was your big takeaway still on your mind, user group was a lot of what the investors said to us. the executives blamed it on android, b

. ♪ cory: i'm cory johnson, and this is "bloomberg technology." coming up tesla pops the hood, reporting fourth-quarter loss amidst falling vehicle sales. plus, a company beating intel at its own semi conductor game. our exclusive interview with the ceo. at theestor concerns latest stop in the snap ipo roadshow. first to our lead. tesla shares climbing after-hours as the company reassures investors it's hyped products remain on schedule. elon musk says the production of the solar roof is on track for the of 2017. second half they are sticking to their guns, planning to deliver 50,000 vehicles before then. in the first half of this year. the big question, how will the acquisition of solarcity impact this company's bottom line and cash margins? joining us, chief investment officer of tigris financial partners, and our guest host, michael wolff. let me start with you. the first thing i looked at for this quarter, i was surprised to see that cash was in a reasonably strong position, but the cash flow burn of nearly $1 billion is the worst tesla has ev

♪ cory: i am cory johnson, and this is the "best of bloomberg technology" where we bring you the top interviews from the week in tech. coming up, snap hits the streets with its ipo roadshow and faces investor concerns. the problem with snapchat's growth ahead. plus, tesla pops the hood, falling vehicle sales. and, our exclusive interview with arm holding's ceo. snapchat kicked off its roadshow ahead of an ipo. red herring disclosed slowing user engagement and rights treatment. joe siegel is a portfolio manager. >> i think anything at $20 billion, you have to justify the valuation. here, the questions are around user growth. i think they danced around the issue of user growth, alluding to issues of the android. monetization they touched on lightly, but as the story progresses, you will need to see more metrics. cory: we were joined for more. >> we were outside the mandarin oriental today trying to grab investors to hear their take. to their point, when asked what was your big takeaway still on your mind, user group was a lot of what the investors said to us. the executives blamed it o

. ♪ ♪ cory: i am cory johnson, and this is the "best of bloomberg technology," where we bring you the top interviews from the week in tech. coming up, snap hits the streets with its ipo roadshow and faces a slew of investor concerns. the problem with snapchat's growth ahead. plus, tesla pops the hood, reporting fourth-quarter loss of midst stalling vehicle sales. beatingbritish company intel and the semiconductor market. our exclusive interview with arm holding's ceo. snap kicked off its roadshow ahead of an ipo. they have a lot of work to do. red herring disclosed slowing and investornt rights treatment. joe siegel is a portfolio manager. >> i think anything at $20 billion, you have to justify the evaluation here, the questions four. around user growth and monetization. i think they danced around the issue of user growth, alluding to issues of the android. monetization they touched on lightly, but as the story progresses, you will need to see more metrics. and jennifer joined us for more. >> we were outside the mandarin oriental in new york today, trying to grab investors to hear the

. ♪ >> i am cory johnson, and this is the "best of bloomberg technology" where we bring you the top interviews from the week in tech. coming up, snap hits the streets with its ipo roadshow and faces investor concerns, the problem with growth ahead. plus, tesla pops the hood, falling vehicle sales. and, our exclusive interview with arm's ceo. snapchat kicked off its roadshow

joining us to dig into those numbers is cory johnson. we are seeing the function, if you are looking at it come a shares fell in after-hours trading, popping slightly higher. it seemed to be in line. cory: second quarter often tougher cisco. this is another slow turn that is cisco as they moved through security, more towards software. you see the turn of their business. when it comes to burning surprises, you know that is a phrase that gets the hackles of my era. if you go to my bloomberg terminal you can get this great this is the sixth column, it shows the percentage of surprise. through 2016,ck 2015, 2014, all green. .s far back as we can see cisco has beaten its earnings-per-share estimates when it comes to adjusted earnings. the fact that the company beats by a penny is so meaningless with this company because they manage expectations and guidance. you have to look under the covers to see what is going on. >> you will see that fourth quarter is declining on stagnant sales. where are they struggling? >> e.m. sales. it shows you this

we spoke with david kirkpatrick and editor at large cory johnson for more. cory: what becomes of this, i don't know. it is a high valuation. on the positive side, they have big growth numbers on a year-over-year basis. we all know these story of who they are reaching and how valuable they are to advertisers. but this is an extraordinarily high price for any company of any kind with any kind of growth metrics, but for one with negative gross margins, with growth that is slowing so much, where there are big questions raised, this roadshow will be an interesting one because there's excitement around the deal but , there are some strange things in the filing, not least of which a very unsteady growth rate. the first quarter of last year had only 14% growth sequentially, then they turned that around. these of the things that will -- how does this business work? these are the things that will come up on the roadshow. caroline: david what do you , think? how much is riding on snap and its founders and how much they get to take home, but the rest of the tech communi

alix: thanks so much, great stuff, cory johnson on snapchat. jonathan: disappointing pushback on the roadshow. "bloombergn daybreak," worldwide, we are treading water with futures flat in europe as well. from new york, you are watching bloomberg. ♪ ♪ jonathan:jonathan: from new york city, to our viewers worldwide, this is "bloomberg daybreak." moments away from the opening bell, futures treading water, the calm before the speech, maybe the speeches, with president trump tomorrow and the fed chair on friday. futures negative, down on the dow by 1/10 of 1% after 11 straight consecutive record closes. [opening bell] jonathan: a streak we haven't seen since the eddie's. 87, i believe. friday closing a fifth straight week of gains. will we get another one? the other asset classes i like this. treasury, blasted with heels up on two basis points on the u.s. 10 year and crude catching a bit , 9/10 of 1%. 20 seconds in, a lot of people shouting this morning. why is everyone getting so it's monday, man, we get excited. think of the s&p in the nasdaq,

thanks to cory johnson did we want to bring it to the thanksouse, like shot -- to cory johnson. we want to bring you to the white house. >> we are joined by white house senior staff, cabinet secretaries and other thought leaders. we drove into the issues that are paramount to this president and the administration. takes some oft the details to ensure we bring back manufacturing in a substantial way to the u.s. economy. that we help these companies andck the power they have we were touted by the president to make sure that we come up with a program to ensure that americans and american worker is trained for the manufacturing jobs of tomorrow. it is a holistic approach. it is an incredible focus of and i'ministration definitely encouraged and proud to say that by partnering and ,orking with the private sector private industry, the ceos here today and many others that we are working with the with the leadership of our cabinet presidents and the that we are going to accomplish that goal in a meaningfull way. thank you. >> thank you. much a working session today following a month ago

cory johnson is there joined by special guest. with strauss zelnick, ceo of take-two interactive. how is again doing? strauss: we have achieved the highest ratings for any sports title in this generation. this year, we are about eight units sold. sales are up 60% year-over-year. isy: the quality of the game mind blowing for people who play games. immersive. this game is so immersive. strauss: it started as a simulation game. we're going to create something electronically that mirrors what you see on the court. more and more, the simulation is real. if you step back a little bit, you cannot tell the difference between nba 2k and professional basketball television. nowink the added excitement of the ability to tell stories and involve yourself in the story surrounding basketball is what is catapulted us to another level. you don't just have to love basketball. if you love sports, if you love players, if you admire someone, these are reasons to engage with nba 2k. cory: what is the correlation between sales and the consuls themselves? strauss: it is tempting to talk about shows from

we spoke to the ceo and editor at large cory johnson. >> what becomes of this, i do not know. it is a high evaluation. on the positive side, they have big growth numbers. we all know the story of how high they are reaching and how valuable they are to advertisers. this is an extraordinarily high price for any company of any kind with any kind of growth metric. for one that has negative growth margins, for one where growth is slowing so much where there is a big questions raised. this roadshow is going to be an interesting one. there will be excitement around the deal. they're very strange things in the filing, not the least of which is an unsteady growth rate. yearirst quarter of last had only 14% growth sequentially. they turn that around. what happens there? caroline: what do you think? how much is riding on snap and founders and how much they get to take home? how much is riding on the rest of the tech community? it is one of the biggest ipos in memory. >> i think the industry is watching this with fascination. this company doesn't rise above the rest right now, it is at le

. ♪ cory: i'm cory johnson, and this is "bloomberg technology." tesla pops the hood, reporting fourth-quarter loss amidst falling vehicle sales. plus, a company beating intel at its own semi conductor game. our exclusive interview with the ceo. the latest stop in the snap ipo roadshow. first to our lead. tesla shares climbing after-hours as the company reassures investors it's hyped products remain on schedule. elon musk says the production of the solar roof is on track for the first half of 2017. they are sticking to their guns, planning to deliver 50,000 vehicles before then. how will the acquisition of solarcity impact this company? joining us, chief investment officer of tigris financial partners, and our guest host, michael wolff. let me start with you. the first thing i looked at after the quarter, i was surprised to see that cash was in a reasonably strong position, but the cash flow burn of nearly $1 billion is the worst tesla has ever suffered. >> i really don't think it is so much of a concern, because they are in the capital investment

. ♪ cory: i am cory johnson in this is "bloomberg technology." snaps roadshow rolls into new york and is facing investor concerns. what investors are saying, head. and uber was into damage control unit we're looking into her -- allegations of sexual harassment. and the $350 million compromise. the new terms of the verizon-yahoo! deal. first to our lead. first u.s.g off its investor roadshow in new york with a planned ipo next month. a have a lot of work to do. they have slower user engagement . sarah frier caught up with a portfolio manager who attended the roadshow. at $20ink anything billion you have to justify the evaluation four. the questions are user growth and moderation. they dance around user growth, alluding to issues with android, and monetization they touched on it lightly, but as the story progresses, they will need to see more metrics. cory: joining us from new york is alex and jennifer. how did you get these guys on the street? alex: we were outside in new york today trying to grab investors to hear their take. to his point, the to

we spoke with david kirkpatrick and cory johnson for more. >> what becomes of this, i don't know. it is a high valuation. on the positive side, they have big growth numbers on a year-over-year basis. is an extraordinarily high price for any company of any kind with any kind of growth metrics, but for one with negative gross margins, with growth is slowing so much, where there are big questions raise, this roadshow will be an interesting one, but there are some strange things in the filing, a very unsteady growth rate. the first quarter of last year had only 14% growth sequentially, then they turned that around. these of the things that will come up on the roadshow. caroline: what do you think? how much is riding on snap and its founders and how much they get to take come, but the rest of the tech community on how successful this ipo? i think the industry is watching this with fascination. this company does rise above the rest in that it is at least , and more or less legitimately compared, to companies like facebook, google, and twitter. it is way smaller, but has that seemingly p

. ♪ -- cory: this is "bloomberg technology." i'm cory johnson. hewlett-packard enterprise out with results for their fiscal first-quarter. 10.5% fall in revenue. sluggish demand for, i don't know, servers, storage, software, services. crawford del prete, idc. tell me something happy about hewlett-packard. crawford: there are some bright spots. when you get under the covers, they made an acquisition a number of years ago, that's up very strong. strong double digits. there was a conversation we had earlier questioning the relevance of hp. i believe it will be relevant long-term. the way people think about infrastructure will change. they bought aruba. when you have two or three devices per person coming into an enterprise, you have to upgrade your wi-fi. you have to do that all around the world. aruba is showing nice -- over 20% growth. the problem is they have these legacy products as well that, in some cases they are divesting, in some cases they are just older products that are now being retired. they are not moving into these new areas. those n

cory johnson, bloomberg news, san francisco. surprises --f quite a bit of surprises and that narrower lot. coming up, more earnings. mineralsls -- oz discusses their third-quarter results. we will talk about how these rising copper prices and what we see is the -- at the outlook here now that copper is that a 20 month high. >> england 30 in sunny singapore. fromone half an hour away trading -- 8:30 in sunny singapore. only one half an hour away from trading. >> nissan has announced changes of the top. the current co-ceo president -- ceo, president, and chairman wally be remaining -- will only be remaining until march 1. the other co-ceo will be pertaining complete control. -- retaining complete control. >> a hike fairly soon might be appropriate to avoid the risk of an overheated economy. discussingofficials the uncertainties of the trump administration, as well as headwind from a rising dollar. the dollar and stocks fell wall treasuries advanced. sources tell bloomberg that china's central bank has recently been adding ones fro

we spoke with david kirkpatrick and bloomberg tv editor at large cory johnson for more. cory: what becomes of this, i don't know. i mean it is certainly a high valuation. on the positive side, they have got some big growth numbers on a year-over-year basis. we all know these story of who they are reaching and how hard those consumers are to reach, and how valuable they are to advertisers. but this is an extraordinarily high price for any company of any kind with any kind of growth metrics, but for one that has negative gross margins, with growth is slowing so much, where there are big questions raised, this roadshow will be an interesting one because there's excitement around the deal, but there are some very strange things in the filing, not least of which a very unsteady growth rate. there was one quarter on a sequential basis, the first quarter of last year, and only 14% growth sequentially, then they turned that around. so what happened there? how does the business were? work? caroline: david, what do you think? how much is riding on snap and its founders and how muc

. >>> cory johnson is here with today's talk around town. we keep seeing accusations of fake news and alternative facts emanating from the white house. what are you listeners most concerned about? >> they're really telling me they're concerned about whether this is a posturing situation by this white house, or a play to side step a level of accountability that should be happening in their point of view. when there's really a lot of issues on the table that they want to be hearing about. people were saying that this is an stragedz that is worki-- administration that is working to govern after an extremely contentious campaign. and something the president seems to reference on a daily basis. he talked about the campaign again with benjamin netanyahu at the white house today. there's also a concern when they see april ryan, one of the only reporters t asking questions pertaining to policy when it comes to black america, not being able to ask follow-up questions during a press briefing. she quipped she should be allowed to because it's black his

i'm cory johnson. hewlett-packard enterprise out with results for their school first quarter -- fiscal first-quarter. 10.5% fall in revenue. sluggish demand for, i don't know, servers, storage, software, services. crawford del prete, idc. tell me something happy about hewlett-packard. crawford: there are some bright spots. when you get under the covers, they made an acquisition a number of years ago, that's up there a strong. strong double-digit's. -- strong double digits. there was a conversation we had earlier questioning the relevance of hp. i believe it will be relevant long-term. the way people think about infrastructure will change. they bought aruba. when you have two or three devices per person coming into an enterprise, you have to upgrade your wi-fi. you have to do that all around the world. aruba is showing nice -- over 20% growth. the problem is they have these legacy products as well that, in some cases they are divesting, in some cases they are just older products that are now being retir

to break down the number cory johnson. from new york, an analyst. we start with you, james. we saw an increase in daily active users up 11%. 1%.s miss up just was there any silver lining amid all the clouds? james: no, none whatsoever. that is not quite fair. improving andre they are getting better engagement from those users on the platform. at the end of the day, i think twitter needs to decide what it is they are trying to, you know, continue this mau growth story. but it is just not happening. when you going through all of the biggest world events with donald trump now in the -- and the trump administration utilizing it as their primary communication tool to the world and still not seeing any improvements in the conversion rates, because what we do know, they are getting at least 2 million new visitors coming to their site every single day in some capacity. and they are not able to convert those users and ultimately, i think the rocky road ahead is about to get even rockier. into someyousefcory, dig of the issues. you have been doing your no analysis. cory: you mentioned

we spoke with david kirkpatrick and bloomberg tv editor at large cory johnson for more. cory: what becomes of this, i don't know. i mean it is certainly a high valuation. on the positive side, they have got some big growth numbers on a year-over-year basis. we all know these story of who they are reaching and how hard those consumers are to reach, and how valuable they are to advertisers. but this is an extraordinarily high price for any company of any kind with any kind of growth metrics, but for one that has negative gross margins, with growth is slowing so much, where there are big questions raised, this roadshow will be an interesting one because there's excitement around the deal, but there are some very strange things in the filing, not least of which a very unsteady growth rate. there was one quarter on a sequential basis, the first quarter of last year, and only 14% growth sequentially, then they turned that around. so what happened there? how does the business work? these are the things that will come up. caroline: david, what do you think? how much is riding on

. >> my name is councilmember cory johnson. i am a member of the new york city council. we are here at the lgbt rally to stand up to this demagogue administration. stonewall is the birthplace of the modern lgbt movement. we come here for celebration, and we come here in titimes of anger and protest. that is because people bled here. thele put their bodies on line here, and people stood up to oppression here. that is what we are doing here today. you are not going to oppress us. we know our self worth and value. we are going to push back. fighting for our rights. as a woman of color, as an atheist, as a person has to run away from my own country, i am here to tell donald trump we resist. we are going to resist what he is trying to do against us. >> please welcome to this change -- the stage, egyptian actor and activist. >> when i came out, it was a scene not unlike this. i decided to use my voice to come out. it did not go so well. i faced threats of intimidation, violence, and death threats. i was forced to leave overnight. when i got here to new york, i was welcomed by