that was bloomberg technology's emily chang. we are getting some more comments from the ceo on the earnings call, talking about that cloud revenue that emily highlighted. cloud revenue over $8 billion. they plan to triple the cloud salesforce in the next few years, and have recently added key clients, like vodafone and keybank. a lot of their growth driven by youtube cloud and mobile, and on a fun note, they will be sponsoring the 202011 games, which begins exactly one year from today. we will have more in next. this is bloomberg. ♪ romaine: earnings after hours, we talked about amazon and alphabet, but we also got expedia earnings after the bell. they beat on most estimates. largely, this is because of gains in vacation rentals. expedia is trying to expand away from doing hotels, into the airbnb style rentals. they did say they are going to continue with back that appears to be giving the stock a boost. we have an enterprise software company on a tear, because everyone sees this as a seismic shift. on the a percentage point.

emily chang covered the story. >> tinder is huge in the u.s. and has totally dominated the north american market. it is owned by match group, another u.s. company which owns apps.f the big dating users ander's subscribers are growing in america, they have almost 5 million scrubbers, and they are looking for other caria -- areas where they could grow. there is no better opportunity than the asia-pacific region. 250 millionre than single people in the asia-pacific region, most of whom who have never tried a dating product. tender is looking to the asia-pacific as an area of potential growth. emily: how is the product and marketing of tinder different in asia than in the united states? olivia: in america, we all know it is a hook up app. it is known for casual dating and sex among young college graduates on college campuses around the country, where people connect and get to know one another. that would not fly in korea. the dating culture in korea, they would meet through blind toing where friends connect different people who had not met one anot

emily chang caught up with several other individuals. kurt: there wasn't that moment where everyone was like, there is this fake news going viral, and that is is what facebook and the point. that is is what facebook and twitter want. they had teams in place ready to pounce in case there was that moment, but as far as i can tell there did not seem to be. emily: maybe they were doing their job? kurt: i guess that is the idea. emily: let's talk about this tweet flag. it doesn't just apply to politicians. withplies to anyone 100,000 followers or more. david: it is just politicians. it is even more specific to donald trump. if you remember, this two years ago, he tweeted at kim jong-un and said, rocket man, you will not be around much longer, and or some kind of threat like that. and a lot of people asks, hey, wouldn't this normally get a user suspended? twitter's response was politicians have tweets that are so newsworthy we do not take them down. now we will know which of those tweets may violate the rules, but they are labeled as newsworth

emily: i am emily chang in san francisco. this is "bloomberg technology." coming up in the next hour -- >> this is a watershed moment in privacy governance. and privacy enforcement. emily: u.s. federal trade commissioner noah phillips joins us to discuss facebook's record $5 billion penalty to put privacy violations behind it. facebook has announced it is being formally investigated by the ftc on antitrust. plus, facebook marching forward with at least one ftc settlement in its rearview mirror. the company posted second-quarter results, shares are up more than 50% this year as most of wall street says fundamentals remain strong. tesla resorts second-quarter results, the ev maker misses on cutting losses and wall street reacts. we will break down what went wrong and right. our top story, facebook out with second-quarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. hours after facebook announced a settlement with the u.s. federal trade commission to end a probe into the privacy policies, the co

emily: i'm emily chang this is bloomberg technology. president trump holds a gathering of conservative social media users. while he says he will be summoning up against a the white house. amazon wants to read train workers. it says it will spend hundreds of millions of dollars to do it. this as the company is under intense public scrutiny under how it treats its warehouse employees. twitter under the sun. feels about not getting an invite to the presidents meeting. remarks fromng president trump, who is expected his efforts to- add a citizenship question to the senses. administration bills the summit as a gathering to bring together digital leaders for a robust conversation. various conservative lawmakers, organization leaders, and internet personalities were on the list of attendees. many of them echo president trump's complaints that social media silences conservative voices. what do we know about what happened behind closed doors? >> he did make some comments afterward and said you are journalists, influencers. the gives you a sense

emily: i'm emily chang, this is "best of bloomberg technology," where we bring you the top interviews on tech. jay powell says he has concerns about facebook's proposed cryptocurrency. ibm closes with red hat. our conversation with the ceos on the second largest tech deal ever. you will hear from the social networks global chief diversity officer. how they plan to double the number of female employees locally over the next five years and why they are setting targets in the middle of a media firestorm. libra is not getting love from lawmakers. add jerome powell to the list. sponsorsthe project public benefits including financial access for consumers, libra raises serious concerns involving privacy, money laundering and financial stability. these should be publicly addressed. facebook has a couple billion plus users so for the first time you have the possibility of a broad adoption. if there were problems associated with money laundering, terrorist financing, many things, they would immediately, they would rise to systemically important levels because of the size of the network. it cann

. ♪ emily: i'm emily chang, this is bloomberg technology. the ftc approves a record privacy settlement against facebook, finding the company $5 billion in connection with the cambridge analytic data scandal. does it change facebook's future? act like a bank, ba bank, that's what president trump wants facebook to do if it launches its new digital currency. why the president seems to have little love for libra. to take onzon plans its new high-end echo speaker. begin with that fresh facebook news. the ftc has approved a privacy settlement with the social media giant, fining facebook about $5 billion. this marks the most significant axiom yet against facebook over a series -- and send the company reeling from one crisis to another. i want to bring in kurt waggoner, who covers facebook for us. he joins us on the phone. in washington we have naomi, who covers corporate influence. we know about the amount of the fine, tell us more about any other additional details that will be coming along in the settlement? >> that is the key. facebook had said

♪ emily: i'm emily chang, this is "bloomberg technology." the ftc approves a record privacy settlement against facebook, fining the company $5 billion in connection with the cambridge analytica data scandal. does it change facebook's future? act like a bank, be a bank, that's what president trump wants facebook to do if it launches its new digital currency. why the president seems to have little love for libra. and how amazon plans to take on its new high-end echo speaker. we begin with that fresh facebook news. the ftc has approved a privacy settlement with the social media giant, fining facebook about $5 billion. this marks the most significant axiom yet against facebook over a series -- and send the company reeling from one crisis to another. i want to bring in kurt waggoner, who covers facebook for us. he joins us on the phone. in washington we have naomi, who covers corporate influence. we know about the amount of the fine, tell us more about any other additional details that will be coming along in the settlement? >> that is the key. f

i am emily chang. facebook second quarter is out, the company can grow while feeling the heat from regulators worldwide. after the announced a settlement with the federal trade commission to end a probe in its privacy practices, the social media giant confirmed it is being investigated by the ftc on antitrust over its social media ads and apps. estimates,e users be but with its reputation under assaults, how? we have multiple parts of the government investigating facebook for multiple things. one of the most salient things about the settlement and the fine is that facebook did not admit they did anything wrong. we have not seen them show a lot of introspection about why all this happened and i think that is telling. unfortunately, the reason it happened is because they have had poor governance and it had bled out into all kinds of areas of their business and it is causing them long-term ongoing harm. emily: we are going to talk to one of the commissioners about the details of the settlement and how it

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." secretary steven mnuchin joins a line of critics of facebook's libra as the social network prepares to testify at multiple hearings this week. amazon enlists celebrities to push its products on prime day with credit -- competitors like walmart and target. the chips are of the table. symantec and broadcom have halted deal talks. where does that leave them now? first, to our top story. the big story on capitol hill. tuesday and wednesday, they will facebook on libra. steven mnuchin taking aim at the social network. >> the treasury department has experienced -- expressed serious concerns that libra could be misused by money launderers and terrorist financiers. lyft also tuesday, representatives will defend their companies in front of the house judiciary in a hearing on antitrust. their goal is to convince lawmakers they do not stifle competition. we have charlotte from a nonprofit focused on shaping public policy. before that, she worked at the federal trade commission. and we have ben b

emily: this is bloomberg technology. i'm emily chang. fresh off a bullish sales and profit forecast for the quarter, cisco is not standing still. cisco makes up the backbone of the internet and corporate networks and announced it would at $2.6 billion. premium toents a 46% the closing price on monday. that company makes products for cloud infrastructure operators and communication service providers. the deal is excited to close in the second half of fiscal 2020. to tell us more, we have lianna baker in new york and ian king who covers cisco for us. ian, what is the motivation behind this deal? ian: if you are cisco, you want to be selling the same -- don't want to be selling the same box everyone else is. they are getting technology, optical technology to put in that box and hopefully differentiate what they are offering and make the likes of google and aws come back to them and say we need cisco technology. what: talk to us about this does for cisco competitively in a market where we are seeing somewhat of an uptick in m&a. lianna: ther

i'm taylor riggs in for emily chang. now to how u.s. chipmakers press the white house to ease the ban on huawei. bloomberg news has learned that president trump's decision to allow u.s. companies to continue selling to huawei followed an extensive lobbying campaign by the semiconductor industry. the main argument -- the blanket ban the trump administration imposed could hurt america's economic security. multiple high-level meetings and a letter to the commerce department, u.s. chipmakers argued for targeted action against huawei instead of an overly broad restriction. for more, i want to bring in ian king in san francisco. i kept hearing that huawei was a national security threat. how are these chipmakers now making the case that it is not? ian: yeah, very good question. they are not outright saying, look, we need to give huawei a pass on this. what they are saying is the action, or the nature of the action taken by the u.s. is actually being counterproductive. by basically hurting semiconductor makers will create a situation where u.s.

♪ emily: -- taylor: i'm taylor riggs, in for emily chang. this is "bloomberg technology." tesla setting a new record for vehicle deliveries. the company stock soaring. we speak with billionaire investor mike nova grath. swings, hecoin price tells us his approach. j.p. morgan chase is expanding its use of artificial intelligence. they are planning to invest in machine learning hedge funds. climbing in are after hours trading. a new record for quarterly deliveries. tesla handed over about 95,000 vehicles to customers in the second quarter, beating the average analyst estimate of 88,000 units. accelerateddue to shipments to europe and china, and u.s. consumers rushing to buy sedans. ceo elon musk had told employees in an internal memo last week that the company was close to setting an all-time record, urging them to go all out in the last few days of june. joining me to discuss is bloomberg's max chafkin in san francisco. trudell.aig from my perspective, it seems like across the board. are we finally in the all clear? max: on the model three side, this quarter was a blowout q

emily: i'm emily chang in san francisco and this is "bloomberg technology." next hour,n the apple coming in with third-quarter results. revenue from wearables passing the ipad for the first time. revenue from services hitting an all-time record. sales in china not as terrible as some had feared. plus, the chairman of the chinese telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. he hints at even tougher days ahead. capital one shares drop after a data breach. they say data on 100 million customers hacked. all of it stored on amazon web services. a former amazon employee has been charged. shares spiking after hours after reporting third-quarter results. revenue topped analyst estimates. apple saying it remains optimistic about potential sales of new iphone models set to hit the market in the fall. for more on apple earnings as they are unfolding, we are joined by max from bloomberg businessweek, with me in the studio. walk me through this. iphone sales missed estimates, services missed estimates, the for

i'm emily chang. boris johnson, the public face of the brexit campaign, was elected tuesday as the next british prime minister. with a lines -- landslide win. he promises to take the u.k. out of the european union by the october 31 deadline, but how will tech be impacted by the leadership change? alex wood ebix planes. >> boris johnson is the uk's new prime minister after defeating jeremy hunt in a vote of conservative members today. what did it mean for tech? well, one of boris johnson's most ambitious targets is the desire to bring high-speed broadband to every household in the country by 2025. the existing target was 2033. a goal that johnson called laughingly unambitious. he doubled down on that target today, even though a lot of people said no real detail on how we will achieve it and how he will get there. there is a suspicion that one of the reasons he set such a target was his core constituency would have been in the region's in the countryside, people who don't have good broadband right now.

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." tech giants visit the white house. the trump administration hosts some of the top companies to talk about the ban on huawei. libra pitch tok lawmakers somewhat presumptuous. and, deep fakes. from trump to pelosi to obama to zuckerberg, no one seems to be safe from videos that are so good that you can't tell they are fake. we speak to one company who says they can. heads of companies back in washington on monday. trump's top economic advisor in secretary called a meeting to talk about the trade war with china. one topic stuck out, the fight with huawei and whether the ban should stand. representatives from microsoft, intel, qualcomm, and more. what is the latest we know about this meeting? who was there? what was discussed? >> the meeting was called basically to hear a view from a business perspective. we do hear a lot about the huawei fight from the hawks and the administration and on capitol hill who obviously are in favor of a total decoupling of supply chains. this is a chance for

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all of our top interviews from the week. earnings from big tech -- amazon, alphabet and facebook all release second-quarter report cards, we break down the results. and facebook results were overshadowed by a new antitrust investigation opened into the companies social-media, add and mobile business. this after facebook paid a record $5 billion fine to settle privacy concerns. and come at a claimed arrogant silicon valley -- ripples ceo has called facebook's libra pitch to lawmakers somewhat presumptuous. we asked how it is impacting the broader crypto market. by first to our top story, it is big tech's turn. facebook, tesla, alphabet, all reporting second-quarter earnings this week. amazon and alphabet reported thursday. for alphabet, it was all about sales and regulation. the founders weighed in. >> if you look at the way google gets revenue 85% of revenue in , google is from the ad business. i think given the competition they will be facing, you don't want to be in a spot where you have north

emily: i'm emily chang in san francisco, and this is "bloomberg technology." microsoft extending its lead at the world's biggest company by market cap, and the only member of the trillion dollar club on the strength of azure. we will break down tech earnings so far and look ahead to next week. plus, what a week it has been for big tech execs on the hill. facebook and apple grilled by lawmakers. how these last few days have shaped silicon valley's future. moon choose to go to the and these other things not because they are easy, but because they are hard. emily: and we mark the 50th anniversary of the first moon landing. i speak with the captain for moonshot on nasa's legacy and why we should not be going to mars. first, to our top story, what else but big tech earnings? shares of microsoft jumping after strong fourth-quarter results thursday. the tech giant has benefited from ongoing strength in the cloud computing as your business. and microsoft has extended its lead over amazon, apple, and alphabet for the title of world's most valuable company. joining us t

♪ emily: i'm emily chang. this is "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, little love for libra on capitol hill. fed chair jay powell says he has serious concerns about facebook's proposed cryptocurrency. plus, ibm closes its $34 billion deal with red hat. our conversation with the ceos of both companies on the second-largest tech deal ever. plus, you will hear from the social network's global chief diversity officer. she tells us how facebook plans to double the number of female employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. first to our top story. facebook's plans to create its own cryptocurrency libra is not , getting love from lawmakers. and you can add fed chair jerome powell to the list. take a listen to what he told the house financial services committee. >> while the project sponsors public benefits including improved financial access for consume

emily: hi. i am emily chang in san francisco, and this is "bloomberg technology." coming up in the next hour, microsoft defies gravity. the company beating expectations with a big lift from the cloud. plus, the congressman who says facebook's cryptocurrency libra "may do more to endanger america than 9/11." we will talk to california democrat brad sherman after blistering hearings for big tech. stocks died. , $15s fall the most billion wiped off the board. will the streaming giant recover? our top story, microsoft shares topping after fourth-quarter results that topped estimates. strength inontinued the cloud business. the ceo is working to keep up a steady flow of cloud deals to narrow the gap with market leader amazon and offering bundles including office, windows, and other security products as well. to unpack it all, we are joined by cloud reached ceo aaron paynter, who spent 14 years at microsoft in the u.s., brazil, france, and china, where he served as gm for a few years. also, a reporter from bloomberg intelligence. another big order from microsoft as expec

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." microsoft extending its lead at the world's biggest company by market cap, and the only member of the trillion dollar club on the strength of azure. we will break down tech earnings so far and look ahead to next week. plus, what a week it has been for big tech execs on the hill. facebook and apple grilled by lawmakers. how these last few days have shaped silicon valley's future. >> we choose to go to the moon and these other things not because they are easy, but because they are hard. emily: and we mark the 50th anniversary of the first moon landing. i speak with the captain for moonshot on nasa's legacy and why we should not be going to mars. first, to our top story, what else but big tech earnings? shares of microsoft jumping after strong fourth-quarter results thursday. the tech giant has benefited from ongoing strength in the cloud computing as your business. and microsoft has extended its lead over amazon, apple, and alphabet for the title of world's most valuable company. joinin

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." in the next hour, crypto concerns. treasury secretary steven mnuchin joins a line of critics of facebook's libra as the social network prepares to testify at multiple hearings this week. amazon enlists celebrities to push its products on prime day with competitors like walmart and target. the chips are off the table. symantec and broadcom have halted deal talks. where does that leave them now? first, to our top story. big tex the big issue on capitol hill this week. tech the big issue on capitol hill this week. tuesday and wednesday, they will hear from facebook on libra. before the testimony steven , mnuchin taking aim at the social network. >> the treasury department has expressed serious concerns that libra could be misused by money launderers and terrorist financiers. emily: also tuesday, representatives of facebook, google, apple and amazon will defend their companies in front of the house judiciary in a hearing on antitrust. their goal is to convince lawmakers they do not stifle

emily: i'm emily chang and this is the best of bloomberg technology will bring you all of our top interviews from this week. tech on the hill, all under scrutiny this week. representatives from amazon, apple, and google, all on the defense. plus, netflix needs to get stranger. stocks plunge after a subscriber dip. they need to bet on new shows like stranger things. elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the computer. the next goal is human trials. we begin with the hearings on capitol hill. all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first was facebook as the banking committee fired searing questions at the cocreator of he cryptocurrency project. >> we will take the time to get this right. wouldnt it be easier and safer if people could securely receive money transfers, just like they do for so many other things? emily: the chief was grilled on tuesday. we caught up with the senator after the hearing. >> i think blockchain technology, even the

♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, earliest from big tech. amazon, alphabet, and facebook all release second-quarter report cards. we will break down the results. and facebook results are overshadowed by a new antitrust investigation opened into the company's social media app's and mobile business. this after the social network pays a record $5 billion fine to settle privacy concerns. and the proclaimed arrogance of silicon valley. ripple's ceo has called facebook's libra pitch to lawmakers somewhat presumptuous. we ask how the controversy is impacting the broader crypto market. but first to our top story, it is big tech's turn, facebook, tesla, alphabet, all reporting second-quarter earnings. amazon and alphabet reported results thursday. for alphabet it was all about sales and regulation. our guests weighed in. >> if you look at the way google gets revenue, about 85% of revenue at google is coming in from the ad business. i think, given the competition they will be fa

>> i'm emily chang in san francisco and this is "bloomberg technology." think tech under antitrust scrutiny. lookustice department will into an antitrust review. up a bit, facebook all in the crosshairs. tank.ght on soft the asia tech giant close to announcing the launch of a second tech fund. snap, bullish bets pay off as the social media company far more users coming back on a daily basis, but can the growth keep happening? the u.s. department of justice is poised to open a broad antitrust review into big tech, putting off of it, and facebook in the spotlight. regulators are looking at whether tech companies are so big they stifle competition. this ratchets up pressure on tech giants facing scrutiny from europe to capitol hill. joining us to discuss are a bloomberg tech executive editor, our bloomberg tech reporter who covers apple, and ben brody who covers tech's corporate influence for bloomberg in washington. what do we know? >> well, not a whole lot. i think what we are looking at complement toof the task force the federal trade commission announced

i caroline i am a caroline hyde in the for emily chang. in the first half of 2019, nasdaq welcomed several exchange traded offerings. joining us now in san francisco is the nasdaq head of western u.s. listings. jeff thomas. congratulations. l.is is a big hau you claim to have won 88% of vc-backed deals. how do you hope to continue this? >> it has been an incredible first half of the year. as you mentioned, we had 97 new members join the nasdaq emily. year. family this we have a great lineup for the second half. we will continue working with companies throughout all phases of their life cycle from the earliest stages through nasdaq private market, helping companies evaluate the right time to go public and providing great support to them throughout their lives as public companies, and, hopefully, the markets will cooperate. caroline: in some cases, it felt like it didn't quite caught rate, particularly for the older generation, if it's lyft listing on nasdaq or uber, which did not. how do you and sure that the investor base doesn't think the

♪ caroline: i'm caroline hyde in for emily chang and this is the "best of bloomberg technology." coming up, tesla sets a new record for deliveries easily beating analyst estimates. we bring you the details. plus, we see a billionaire investor has advice about bitcoins' major swings in the past month and he tells us his approach to this roller coaster ride. and after some fairly uneventful presidential debates, twitter is out with a new label that flags tweets that break the rules. the move might even make donald trump walk a fine line on the social site. tesla set a new record for quarterly vehicle deliveries, on handing over 95,000 vehicles tuesday to customers in the second quarter, beating average analyst estimates. this is due to accelerated shipments to europe and china. and u.s. consumers rushing to buy sedans before the tax credit is shrunk in half. elon musk told employees the company is close to setting an all-time record, urging them to go all out in the last days of june. taylor riggs caught up with an analyst and bloomberg correspondents on tuesday. >> on the model 3

emily: i'm emily chang and this is "the best of bloomberg technology" where we bring you all of our top interviews from this week. tech on the hill, all under scrutiny this week. representatives from amazon, apple, and google, all on the defense. plus, netflix needs to get stranger. stock plunges after a subscriber miss. analysts bet on new seasons of shows like "stranger things." elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the a computer. the next goal is human trials. we begin with the hearings on capitol hill. googlek, amazon, apple, all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first was facebook as the banking committee fired searing questions at the cocreator of the social network's cryptocurrency project. >> we will take the time to get this right. wouldn't it be easier and safer if people could securely receive money transfers through their smart phones, just like they do for so many other things? emily: the chief was grilled on tuesday

♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, earnings star for big tech. amazon, alphabet, and facebook all release second-quarter report cards. we will break down the results. and facebook results are overshadowed by a new antitrust investigation opened into the company's social media ads and mobile business. this after the social network pays a record $5 billion fine to settle privacy concerns. and the proclaimed arrogance of silicon valley. ripple's ceo has called facebook's libra pitch to lawmakers somewhat presumptuous. we ask how the controversy is impacting the broader crypto market. but first to our top story, it is big tech's turn, facebook, tesla, alphabet, all reporting second-quarter earnings. amazon and alphabet reported results thursday. for alphabet it was all about sales and regulation. our guests weighed in. >> if you look at the way google gets revenue, about 85% of revenue at google is coming in from the ad business. i think, given the competition they will be

♪ emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, tech giants visit the whitehouse. the trump administration posts some of the biggest u.s. tech kohl's to talk about fail-out from the trade waist with china. and the proclaimed air gaps of silicon valley. the pitch to lawmakers presum bus. we will ask him how it is impact the broader crypto market. from trump, to owe wal-mart, to zuckerberg. no one is safe from doctored videos that are so good that you can't tell they are fake. one company says it can. first to our stop story. big tech companies were back in washington monday, but not to discuss crypto currency or anti-trust, trump's top advisor and treasury secretary called a meeting to talk about the impact of the trade war with china. one stood out. the administration's fight against that and whether the ban should stan. representatives from microsoft, intel, qualcomm and more. to discuss in d.c., we have jenny. what is the latest we know about this meeting? who was there and what was discussed? >> what we know is that t

♪ emily: i am emily chang in san francisco. and this is "bloomberg technology." coming up in the next half hour, tech companies being grilled on capitol hill. grilled currency and antitrust. what can congress do to alter the course? plus, president trump has an eye on google. he wants the attorney general to look into peter thiel's allegation that google's work with china is "seemingly treasonous." should google be worried? amazon is in the crosshairs facing antitrust. margaret vester prepares for a summer finale to her five-year crackdown on u.s. tech giants. but first, to our top story, big tech in the eye of the storm on capitol hill. facebook, amazon, apple, google, all appearing in washington to answer lawmakers' questions. the first to be baked over the raked over the coals, facebook's david marcus was the -- david marcus. the co-creator of the cryptocurrency project. senator brown: facebook is dangerous. now, facebook might not intend to be dangerous, but surely they do not respect the technologies they are playing with, like a toddler who has gotten a hol

emily: welcome back to "the best of bloomberg technology." i am emily chang. earlier we heard from senator warner. wednesday chaired by maxine waters, we caught up with her after the hearing. request to tell us is what they are , planning and why they are in switzerland and all those questions that we asked him. i think he skirted some of the most significant questions. i had asked for a moratorium. we knew nothing about what they were doing or how they were doing it. he did not answer the question and try to skirt it by talking about how they were going to take time. how they would get consideration to all of the questions, etc., and ensure they would not harm consumers. it was not good enough. not only did he skirt the questions about the moratorium, we specifically asked about regulations, and what regulators does he think should oversee them? i specifically asked about f sock. he did not answer that. he skirted that. >> earlier this week i was at the white house attending that press briefing with steven mnuchin, they're actually seems to be some agreement

emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, earliest from -- earnings big tech. amazon, alphabet, and facebook all release second-quarter report cards. we will break down the results. and facebook results are overshadowed by a new antitrust investigation opened into the company's social media app's and mobile business. this after the social network pays a record $5 billion fine to settle privacy concerns. and the proclaimed arrogance of silicon valley. ripple's ceo has called facebook's libra pitch to lawmakers somewhat presumptuous. we ask how the controversy is impacting the broader crypto market. but first to our top story, it is big tech's turn, facebook, tesla, alphabet, all reporting second-quarter earnings. amazon and alphabet reported results thursday. for alphabet it was all about sales and regulation. our guests weighed in. >> if you look at the way google gets revenue, about 85% of revenue at google is coming in from the ad business. i think, given the competition the

. ♪ emily: i am emily chang in san francisco. and this is "bloomberg technology." text --p in the next next tax hour, -- the next half hour, being grown on capitol hill. plus, president trump has an eye on google. he would like the u.s. attorney general to look into peter thiel's allegation that google's work with china is "seemingly treasonous." should google be worried? margaret vester prepares for a summer finale to her five-year crackdown on u.s. tech giants. story, bigto our top tech in the eye of the storm on capitol hill. facebook, amazon, apple, google, all appearing in washington to answer lawmakers' sques -- questions. the first to be raked over the of thethe cocreator cryptocurrency project. >> facebook is dangerous. now, facebook might not intend ly theyangerous, but sure do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. their motto is to move fast and break things. you mean them a chance to experiment with people's bank accounts. >> we will take the time to get this right. wouldn't it be e

♪ emily: i'm emily chang and this is the best of bloomberg technology will bring you all of our top interviews from this week. tech on the hill, all under scrutiny this week. representatives from amazon, apple, and google, all on the defense. plus, netflix needs to get stranger. stocks plunge after a subscriber dip. they need to bet on new shows like "stranger things." elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the computer. the next goal is human trials. we begin with the hearings on capitol hill. all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first was facebook as the banking committee fired searing questions at the cocreator of the cryptocurrency project. >> we will take the time to get this right. wouldn't it be easier and safer if people could securely receive money transfers, just like they do for so many other things? emily: the chief was grilled on tuesday. we caught up with the senator after the hearing. >> i think blockchain technology, even

♪ caroline: i'm caroline hyde, in for emily chang. this is "the best of bloomberg technology," where we bring all our top interviews this week in tech. coming up, tesla sets a new record for quarterly vehicle deliveries, easily beating analysts' average estimate. and the company's stock soars. we bring you the details. plus, we see bitcoin having major swings in the past few months. more -- mike norbert tells it's about his roller coaster ride. after two fairly uneventful presidential debates twitter is out with a new label that flags tweets that break laws. the move might even make president donald trump walk a fine line on the social media site. tesla has set a new record for quarterly vehicle deliveries. on tuesday they handed over 95,000 vehicles to customers in the second quarter beating average analyst estimates. this is due to accelerated chinants to europe and and u.s. consumers are rushing to buy model three sedans. elon musk told employees that the company was close to setting an all-time record urging them to go all out in

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." ivm closes its $34 billion deal with red hat. our conversation with the ceos of both companies on the second largest tech deal ever. plus, ibm isn't the only one making deal headlines. cisco agreed to buy acacia communications. how does it fit into cisco's corporate makeover? and facebook unveils new diversity goals aiming to double the number of female employees globally over the next five years. why diversity seems to be the one big problem big tech can't solve. itst, ibm has closed purchase of red hat, finalizing the world's second-largest tech deliver. ibm was once synonymous with mainframe computing, but has been struggling to adapt in a cloud-based world. the company is playing catch-up to market leaders and offering software and services over the internet. bloomberg's david westin spoke to the leaders of both ibm and red hat earlier. >> i think, a lot of times people think everything is going to move to one public cloud. that is not what we see clients need, want, and are even

♪ emily: i'm emily chang. and this is "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, little love for libra on capitol hill. fed chair jay powell says he has "serious concerns" about facebook's proposed cryptocurrency. plus ibm closes its $34 billion deal with red hat. our conversation with the ceo's of both companies on the second-largest tech deal ever. plus you will hear from the social network's global chief diversity officer. she tells us how facebook plans to double the number of female employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. but first to our top story. facebook's plans to create its own cryptocurrency, libra, is not getting love from lawmakers. and you can add fed chair jerome powell to the list. take a listen to what he told the house financial services committee on wednesday. >> while the project sponsors public benefits including improved financ

♪ caroline: i'm caroline hyde, in for emily chang. this is "the best of bloomberg technology," where we bring all our top interviews this this week in tech. coming up, tesla sets a new record for quarterly vehicle deliveries, easily beating analysts' average estimate. and the company's stock soars. we bring you the details. bitcoin having major swings in the past few months. and two fairly uneventful presidential debates, uneventful on social media, that is. twitter is out with a new label that flags tweets that break the rules. the move might even make president donald trump walk a fine line on the social site. tesla, it set a new record for quarterly vehicle deliveries. on tuesday, tesla handed over 95,000 vehicles to customers in the second quarter, beating the average analyst estimate of 88,000 units. this all due to accelerated shipments to europe and china and u.s. consumers rushing to buy model 3 sedans before a federal tax credit shrank in half. c.e.o. elon musk told employees in an internal memo last week that the company was

we will have more on the doj probe with emily chang in about 10 minutes. shery: next, we will discuss the latest hope for a trade deal that gives wealth management president aaron gibbs. this is bloomberg. ♪ shery: back to the u.s. markets. earnings help drive the s&p 500 back above 3000 by the latest news on trade talks extended those gains. after hours, stocks continue to make big moves on earnings. the antitrust probe into tech. su keenan joins us with more. there was a session in the morning but we got the trade news in the afternoon, we just kept moving higher. su: one to punch for the bulls with strong earnings and this optimistic news on the trade talks. let's go to the market snapshot. what you will notice is bonds fell, the dollar rose but look at material stocks. that was the strongest part of the s&p 500 that also is the part that have been the bullseye of these tariffs. take a look at some of the big movers and you will notice really big moves here. hasbro flowing it away on earnings. coca-cola hitting the highest level since we have seen, si

♪ caroline: i'm caroline hyde, in for emily chang. this is "the best of bloomberg technology," where we bring all our top interviews from this week in tech. coming up, tesla sets a new record for quarterly vehicle deliveries, easily beating analysts' average estimate. and the company's stock soars. we bring you the details. plus, billionaire investor mike norbert tells us about his roller coaster ride. after two fairly uneventful presidential debates twitter is out with a new label that flags tweets that break laws. the move might even make president donald trump walk a fine line on the social media site. tesla has set a new record for quarterly vehicle deliveries. on tuesday, tesla handed over 95,000 vehicles to customers in the second quarter beating the average of units. this is due to accelerated shipments to europe and china and u.s. consumers are rushing to buy model three sedans. before the tax credit shrink in half. elon musk told employees that the company was close to setting an all-time record, urging them to go all out in

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, apple coming in with third-quarter results. revenue from wearables passing the ipad for the first time. and another first government revenue from services hitting an all-time record commit though still below estimates. sales in china not as terrible as some had feared. we will have all angles covered. plus, u.s. sanctions start to bite. the chairman of the chinese telecom giant huawei says there has been a dramatic slowdown in sales growth in the midst of the trade war. in exclusive interview, he hints at even tougher days ahead. capital one shares drop after a data breach. the company saying data on 100 million customers hacked. all of it stored on amazon web services. a former amazon employee has been charged. but first to our top story, apple shares spiking after hours after reporting third-quarter results. revenue topped analyst estimates. apple saying it remains optimistic about potential sales of new iphone models set to hit the market in the fall. fo

emily: i'm emily chang and this --, we are there at bloomberg headquarters in new york. , this week, an in-depth look at the presidential candidate who plans to beat trump at his own game. a >> and the public face of the brexit campaign. boris johnson is now the new british prime minister. vows the u.k. will leave the eu on october 31. traits pets are affecting his company. , we begin with editor joel weber. joel, let's start with the international cover. it's a look about the bond market, debt, what's going on? joel: cheap money has been around for a decade now, and it is having a profound effect in the global economy. we look at the ecb this week and negative rates. negative rates has been an untested policy tool that japan was using. and now it's starting to spread. it was going to go away, and now it's back almost, and it's just a profound idea that a bondholder would invest in something that, if you hold that for duration, you're going to lose money. it just goes against the principles of, like, investing, right? this is investing 101. carol: who would've thought if you go back

emily: welcome back to the best of bloomberg technology. i am emily chang. earlier we heard from democratic senator john warner of virginia on his questions to david marcus. the cryptocurrency plan was also the focus of a house committee meeting wednesday, chaired by maxine waters. kevin cirilli caught up with her after that hearing. >> marcus came here today at our request to tell us what libra is and what colibra is, and what they are planning and why they are in switzerland all those , questions we asked him. i think he skirted some of the most significant questions. we knew nothing about what they were doing and how they were doing it, and so he did not answer the question. he tried to skirt that by talking about how they were going to take time. how they were going to give consideration to all the questions, et cetera, and ensure that they would not harm consumers, but it was not good enough. not only did he skirt the question about the moratorium, we specifically asked about regulation and what regulators do. he think should oversee them, and and i spe

. ♪ emily: i'm emily chang. this is "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, little love for libra on capitol hill. fed chair jay powell says he has serious concerns about facebook's proposed cryptocurrency. plus, ibm closes its $34 billion deal with red hat. our conversation with the ceos of both companies on the second-largest tech deal ever. plus, you will hear from the social network

emily: does the strategy change at all? sarah: i think they are still going to want to be a dominant company in every possible tech industry. in that sense, no. but geographically and stage of a company, yes, perhaps. emily: all right, interesting. $108 billion on top of $100 billion. sarah mcbride, thank you so much for stopping by. that does it for this edition of "bloomberg technology." next week, earnings continue. apple is out tuesday. catch full coverage and analysis right here on "bloomberg technology." we are livestreaming on twitter. check us out @technology. follow our breaking news network, tictoc, on twitter. it's friday. have a wonderful weekend, everyone. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation brought to you by national debt relief. are your credit cards maxed out? are you just making the minimum payments or falling behind on your payments? are you

. ♪ ♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all of our top interviews from the week. earnings from big tech -- amazon, alphabet and facebook all release second-quarter report cards, we break down the results. and facebook results were overshadowed by a new antitrust investigation opened into the companies social-media, add and mobile business. this after facebook paid a record $5 billion

i'm emily chang. apple and goldman sachs' new credit card is weeks away from lunch, possibly as the first half of august. the apple card was announced on stage and an event in march, enticing consumers with no fees, iphone integration, and a privacy centric approach. apple, thepeaking of trump administration has rejected the smartphone's giant bid to avoid tariffs on computer parts it manufactures in china. apple will not be given a tariff waiver for mac pro parts made in china. make them in the usa. no tariffs. apple had requested key components to its new mac pro be exempt to 25% import tariffs after shipping production of the computer to china. larry kudlow echoed the president's remarks. kudlow: they have operations in china and he has encouraged the ceo -- we are very friendly with mr. cook. i meet with him a lot. he'd like to see the apple operations moved. i know there was some talk they would be moving production facilities to texas. i think that would be a good thing. that is our preference.