olivia carville covers this for bloomberg. what does this do for ibm and the cloud? olivia: we know that ibm is an american icon. it has been around for 108 years. economic booms and busts and survived. and has gone through a transformation before to stave off bankruptcy. with this acquisition, ibm is essentially reinventing itself to become a competitive provider it is pretty fierce cloud marketplace. emily: what are some of the risks with this new strategy? this is obviously a huge acquisition, second largest tech deal ever. certainly, there has to be some challenges ahead and integrating these companies. olivia: one of the biggest challenges we have for ibm is actually bringing it into the full. when ibm purchased red hat, it did not buy the company for its technology. it is an open-source cloud technology so a lot of its technology is available online. it purchased red hat for's developer community, for its talent. to achieve isas to keep those red hat employees in place. we saw in press releases earlier today that they plan to keep red hat as an independent busi

emily: that was bloomberg tech's olivia carville in new york. coming up, facebook has ambitious plans to improve diversity. but are they realistic? facebook's global chief diversity officer tells us how they are planning to boost numbers, next. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. emily: welcome back to "best of bloomberg technology," i'm emily chang. facebook has set big goals to boost workforce diversity. in its annual diversity report, the social company announced plans to double the number

emily: that was bloomberg tech's olivia carville in new york. coming up, facebook has ambitious plans to improve diversity. but are they realistic? facebook's global chief diversity officer tells us how they are planning to boost numbers, next. ♪ facebook has set big goals to boost workforce diversity. in its annual diversity report, the social company announced plans to double the number of female employees globally over the next five years as well as a -- the number of black and hispanic employees in the united states. the company also said it wants half of the u.s. workforce to be from underrepresented groups by 2024. we sat down with their global chief diversity officer, maxine williams, on wednesday and asked why they are setting these goals now. maxine: there has been research done by very credible institutions to say that having goals is one of the ways in which you drive change. ford foundation has done a lot of work, a big study on why people believe technology and they have seen that having goals makes a difference. it is one of the

emily: that was bloomberg tech's olivia carville in new york. coming up, facebook has ambitious plans to improve diversity. but are they realistic? facebook's global chief diversity officer tells us how they are planning to boost numbers, next. ♪ emily: welcome back to "best of bloomberg technology," i'm emily chang. facebook has set big goals to boost workforce diversity. in its annual diversity report, the social company announced plans to double the number of female employees globally over the next five years as well as a -- the number of black and hispanic employees in the united states. the company also said it wants half of the u.s. workforce to be from underrepresented groups by 2024. we sat down with their global chief diversity officer, maxine williams, on wednesday and asked why they are setting these goals now. maxine: there has been research done by very credible institutions to say that having goals is one of the ways in which you drive change. ford foundation has done a lot of work, a big study on why people believe technology an

emily: that was bloomberg tech's olivia carville in new york. coming up, facebook has ambitious plans to improve diversity. but are they realistic? facebook's global chief diversity officer tells us how they are planning to boost numbers, next. ♪ emily: welcome back to "best of bloomberg technology," i'm emily chang. facebook has set big goals to boost workforce diversity. in its annual diversity report, the social company announced plans to double the number of female employees globally over the next five years as well as the number of black and hispanic employees in the united states. the company also said it wants half of its u.s. workforce to be from underrepresented groups by 2024. we said in with facebook's global chief diversity officer, maxine williams, on wednesday and asked why they are setting these goals now. maxine: there has been research done by very credible institutions to say that having goals is one of the ways in which you drive change. one center in conjunction with the ford foundation have done a lot of work, a big study

i mean let's not forget that these people are fleeing from draw carville's and poverty and when they have arrested the border specially many of them since last year in november with a car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before they there asylum seeker process is going but it's completely the probable to have that many people concentrating in bury it in spaces which is not even even for them on top of a long and nobody's taking care of them so bad already. by itself it's already it's already run. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe that motivation to the entire u.s. government i think there's there's a combination of again a management crisis and the need to prepare for things that they themselves have been warning about for months but we se

i mean let's not forget that these people are fleeing not from islands draw carville's and poverty and when they have arrested a border specially many of them since last year in november when the car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before they there asylum seeker process is going but it's completely the probable to have that many people concentrating in bury them spaces which is not even given for them on top of a long and nobody's taking care of them so that already. by itself it's already it's already wrong. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe motivation to the entire u.s. government i think there's there's a combination of again a management crisis and then to prepare for things that they themselves have been warning about for months but w

i mean let's not forget that these people are fleeing from draw carville's and poverty and when they are after the borders specially many of them since last year in november when the car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before they asylum seeker process is going but it's completely the probable to have that many people concentrating in bury and spaces which is not even going for them on top of a long and nobody's taking care of them so that already. by itself it's already it's already run. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe that motivation to the entire u.s. government i think there's there's a combination of again a management crisis and an inability to prepare for things that they themselves have been warning about for months but we see p

i mean let's not forget that these people are fleeing draw carville's and poverty and when they have arrested the border specially many of them since last year in november with the car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before they asylum seeker process is going but it's completely the probable to have that many people concentrating in barry and spaces which is not even going for them on top of a long and nobody's taking care of them so that already. by itself it's already it's already run. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe motivation to the entire u.s. government i think there's there's a combination of again a management crisis and then to prepare for things that they themselves have been warning about for months but we see parallels with

i mean let's not forget that these people are fleeing out from draw carville's and poverty and when they are after the border specially many of them since last year in november with the car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before day there asylum seeker process is going but it's completely the probable to have that many people concentrating in bury him in spaces which is not even going for them on top of a long and nobody's taking care of them so bad already. by itself it's already it's already run. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe that motivation to the entire u.s. government i think there's there's a combination of again a management crisis and then to prepare for things that they themselves have been warning about for months but we see par

i mean let's not forget that these people are fleeing out from draw carville's and poverty and and when they are after the borders specially many of them since last year in november with the car of and their children were separated from their parents so they're still there together where there is a number at around 200-2300 children who many of them are alone and that already besides khan constitutional before they asylum seeker process is going but it's completely the probable to have that many people concentrating in bury them spaces which is not even going for them on top of a long and nobody's taking care of them so that already. by itself it's already it's already run. so then is it a funding issue or is it perhaps again an issue of attempting to deter migration by showing people that conditions are abysmal donald trump has said something of that nature would you ascribe motivation to the entire u.s. government i think there's there's a combination of again a management crisis and then to prepare for things that they themselves have been warning about for months but we see parallel

>> i'm going to get some carville fudgy the whale. >> and a new report sends the justice department scrambling. what does this mean? "new day" continues. >> they spend billions on the census and you are not allowed to ask whether somebody is a citizen? >> they are prepared to blanket the aisles and preparing. >> built their career on seg operation of the races. >> i respect senator harris. i never, ever opposed voluntary bussing. >> this is "new day." >> happy fourth of july. great to have you here. welcome can to our viewers in the united states and around the world. this is a special holiday edition of "new day." president trump has tweeted and it has triggered a chain of events. government lawyers are trying to find a legally available path. remember, the trump administration dropped their effort publicly and began the process of printing the questionnaire so what has changed? >> a federal appeals board to drop the proposal to take from the many ill tarry budget to build the border wall. cnn has learned military chiefs are concerned. we'll go to joe johns live at the white house. >> reporte

mediation is successful we will see what happens certainly as time goes by for the moment to moment carville thanks for joining me here for all of us are thank you. still have more ahead here on the news hour including learning to walk again how a group of therapists in ethiopia are changing the lives of patients one step at a time. and we need survivors of hurricane maria still trying to build their lives 2 years after the storm hit and destroyed much of puerto rico. and the rough ride for some of the big names in golf as they missed the cut at the open championship we'll have those details in sports. hong kong police have seized was it's thought to be the largest amount of explosives uncovered in the city they also found protest materials in the industrial building them terance were discovered on the eve of a major pro-democracy march against the now suspended extradition bill meanwhile thousands of people supporting beijing's influence are holding a rally as you can see there's a live pictures coming from hong kong organizers say it's meant to condemn violence during recent protests and s

olivia bloomberg's carville. backlash related to facebook's libra cryptocurrency project. next week's hearings. this is bloomberg. ♪ emily: facebook is seeking to mitigate concerns around its crypto currency project libra amidst growing backlash from regulators. facebook's cocreator of libra, david marcus, wrote, "we know that big ideas take time and we know this won't -- we know we can't do this alone. people at the table." this, after members of the house committee told facebook last week that they should halt the project based on national security and monetary policy concerns. marcus will testify in next week's hearings. --ning us to discuss obviously, you are both in the crypto industry. i'm curious what you are expecting from these hearings. hunter, you also worked at facebook for a long time. >> i think the approach they have taken throughout bringing libra to market has been one of being collaborative and open. i suspect what you will hear is that they want to work with regulators and they want to make sure they protect consumers, that they are developing this out

. >> i'm going to get some carville fudgy the whale. >> and a new report sends the justice department scrambling. what does this mean? "new day" continues. >> they spend billions on the census and you are not allowed to ask whether somebody is a citizen? >> they are prepared to blanket the aisles and preparing. >> built their career on seg operation of the races. >> i respect senator harris. i never, ever opposed voluntary

right, tech reporter olivia carville, thanks for that. of next, we will speak with cisco's vp and global innovation officer about a recent acquisition and push into 5g. this is bloomberg. ♪ paul: you are watching "daybreak australia." cisco makes equipment that is corporations and has announced it will make a purchase in a deal valued at $2.6 billion, so let's discuss all of this with their vice president and global innovation officer who is in hong kong for the rise conference this week. acquisition that right away. can you run us through what the synergies are in this acquisition? >> absolutely. is exploding. we're seeing connections like we have never seen before. by the end of 2030, we will be connected to 500 billion connected things. being able to capture and , it's going tota be around speed, so getting the ability to quickly disperse that data, and then it's going to be around low power consumption. all three of those boxes are ticked by acacia. paul: in a technological sense, sounds like a pretty good marriage, but how about a

a reason james carville said it is the economy, stupid. that is because when you have strong economic numbers, people feel it. in the case of the hourly workers, over the past year, they have had 900 x dollars in their pockets. that is significant. that is the ability to put braces on your kids teeth, pay for hockey equipment, maybe pay off credit card debt. it cuts against the claim of nancy pelosi where she said this american tax cuts and jobs act is only getting crumbs to the people. we see now that that is not true. it has had a trickle-down effect here. i think people will feel that in 2020. >> as a kid that had braces, i would appreciate that, too. but if you also include things like health care, college -- inability, housing harlem, a studio at 620 square feet just sold for a million dollars. that is unrealistic for so many americans. this issue is not just economic numbers but overall affordability. can americans afford the things they want? that is the wedge for democrats and where we enter the conversation. david: for both of you

emily: bloombergs olivia carville in new york. coming up, facebook has ambitious plans to improve diversity. are they realistic? the global chief diversity officer tells us how they are planning to boost numbers, next. this is bloomberg. xfinity mobile is a wireless network designed to save you money. whether you use your phone to get fit or to find the perfect gift, you'll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. so you save hundreds of dollars a year on your wireless bill. xfinity mobile has the best network. best devices. best value. simple. easy. awesome. click, call or visit a store today. ♪ emily: welcome back to "best of bloomberg technology," i'm emily chang. facebook has said big goals workforce diversity. in its annual diversity report, the social company announced lands to double the number of female employees globally over the next five years as well as a number of black and hispanic employees in the united states. the company wants half o

that is bloomberg's olivia carville. olivia, thanks for that context. coming up, facebook seeks to soothe consumes on capitol hill to any potential backlash from its libra cryptocurrency project. what to expect from next week's hearing. this is bloomberg. ♪ emily: facebook is seeking to mitigate concerns around its crypto currency project libra amidst growing backlash from regulators. in a letter to senators monday, facebook's cocreator of libra, david marcus, wrote, "we know that big ideas take time and we know we can't do this alone. we want and need governments, central banks, regulators, nonprofits, and other stakeholders at the table and value the feedback we have received." this, after members of the house committee told facebook last week that they should halt the project, citing national security and monetary policy concerns. marcus will text a finest week and hearings on the cryptocurrency. obviously, you are both in the crypto industry. but i'm curious what you are expecting from these hearings. hunter, you also worked at facebook for a long

i'm going to tie it off with an homage to james carville right now it's not the data, stupid that's not why the fed is doing what it's doing. i don't see it in the data gentlemen, lady, thank you very much. >> let's ponder that and get some market reaction to the feds' headlines. bob pisani, tracking all this action from the floor of the nyse >> and certainties have increased. that's the magic word. pushed over 3000 right after the open but sold right into it. i think everybody agrees down here with steve and everyone else 25-point insurance cut is baked in at this point. >> i think what would really surprise the market right now would be, number one, no rate cut. or number two, a 50 basis point cut. i think both would be surprises. so consensus is built in i thought the minutes were interesting. a couple officials favored a rate cut in june increased uncertainty has been relatively recent. and i think that's why all of a sudden we all agree right now that it's going to happen. that 25 basis point cut. as far as what was moving today, same big tech names recently with micron, nvidia, ci

on the left, james carville and paul begala. on the right, robert novak and tucker carlson. in the crossfire -- >> i remember when jon stewart went on "crossfire." it was 2004. john kerry was the democratic presidential nominee facing george w. bush. and i thought, you know, watching it, i said, this is going to be a funny show. >> can i say something very quickly? why do we have to fight? the two of you, can't we just say something nice about john kerry, right now. >> i like john. i care about john kerry. >> and something about president bush. >> he'll be unemployed soon. >> i think anyone who enjoyed paying attention to the news and watched "the daily show" will forever remember jon stewart going on "crossfire" and reading those guys the riot act. >> you're doing theater when you should be doing debate. which would be great. it's not honest. what you do is partisan hackery. and i'll tell you why i know it. >> you had john kerry on your show and you sniff his throne and you accuse us of partisan hackery? >> the show that leads into me is puppets making crank phone calls. wh

griff: my next question, do you agree with james carville, forker advisor to the president, it is the economy, stupid. jillian: thank you very much. an undate what is going on in the dominican republic. there are more trouble. a third american just died after getting plastic surgery in the dr. she died getting liposuction getting it from a doctor she met on facebook. it wall listed as embowlism or a blood clot. >>> calls growing from democrats for labor secretary alex acosta to resign or be fired his role in the jeffrey epstein 2018 plea deal. acosta tweeting, that the crimes committed by epstein are horrific, that new york prosecutors are moving forward with a case based on new evidence. president trump revealing he had a falling out with epstein 15 years ago. reports say epstein has been banned from mar-a-lago for the last eight years. >>> senator ted cruz is set to hold a hearing on google es alleged anti-conservative bias. according to "the hill," the vp of public poll i a former official in the george w. bush administration is expected to testify in front of a senate judiciary su

we're in what james carville used to call alabama. he talked about, you have the more liberal pittsburgh, educated elite or whatever in the west, and you have philadelphia in the southeast, and everything between is alabama, as he would have pronounced it. host: you mentioned your concern about having the paper ballot backup. that was one of the pieces of legislation that democrats tried to move by unanimous consent last week directly in the wake of the mueller hearings and the objection coming from the republican side. so that now would have to go to a vote in the senate as opposed to moving by unanimous consent. were you concerned about those two bills last week being stopped? caller: i'm sorry. i can't hear you. i'm on the phone. host: just finish your thought, veronica. caller: mitch mcconnell talked about the bill that -- two bills that came forward last week as being partisan, but there's a way to approach that. it's been done in the past. i'm well educated, overeducated for the area in which i live. i have a post-graduate degre

we have heard this from the clinton days, jim carville about the economy, stupid. no different in 2020. >> no question about it. and peace and property parity. usually what reelects presidents. his numbers went up after he was talking peace with north korea and also after what happened in iran. and he didn't -- he showed a lot of measure on that and he is clearly going after iran. he is being tough on them and he hasn't brought in troops and whatnot. people are impressed by that even though he is attacked by democrats i think their attacks back fired on iran. todd: top issue for voter we said this earlier no shocker here. healthcare 21%. do the democrats really attack on healthcare? do the republicans respond or do the democrats -- republicans just say look, we're going to try to punt until after 2020. >> no. i think we want to go on offense on healthcare. think about it. the democrats right now are the ones who want to repeal and replace obamacare. they want to abolish private health insurance. this gives president trump a great idea because obamacare is still ver

for whoever the nominee is and whoever wants to win the nomination, do you go back to the old james carville saying, it's the economy stupid. >> it is, totally. it is the economy. >> there has been sort of this sense that economy is rolling along, we have these good unemployment numbers, we have these great stock numbers. >> sure. >> and yet, 40% of americans are worried where their next paycheck is coming from. >> one of the things said when they were talking about kamala harris and biden, what's on the forefront regarding education is paying back student loans, promising to pay back the debt, which is if you want to look at it, it's about money and the economy. we are still a nation that's obsessed with, you know, where we are economically. >> elizabeth warren has a plan for that. >> and -- >> need a plug. >> and if joe biden wants to win he better get one. >> there you go. >> ron, bassle, noelle, thanks to all of you and much appreciated. i have some friends out in california who have felt the shocks in southern cal after the strongest earthquake in two decades strikes the region. we'll g