>> live from pier three in san francisco, welcome to "bloomberg west." i am emily chang. ahead on bloomberg west -- theomberg west" this hour, annual videoconference, e3 in los angeles, facebook agreed to by oculus four $2 billion, they are showing off some potential gains for their oculus headset that has not yet been released to consumers. other game companies like nintendo, sony, microsoft. are focusing on new games rather than new hardware.

limo drivers are taking to the streets in europe to protest. it backed up traffic in some of europe's largest cities. they want to be subjected to the same regulations they are but bloomberg has already responded. next steps, the stunning primary loss from eric cantor, according to a top republican aide. the tea party challenger beat eric cantor in his district. the loss could heal a death blow to the chances of immigration reform passing conquerors -- passing congress. he had been willing to compromise on parts of the reform. a crucial issue to the tech immunity. to our lead story of the day, virtual reality may be the next egg thing in the videogame world, with companies like facebook and sony believing in that potential of this

technology. this week at the annual videogame expo in los angeles, sony showed off a new virtual reality had set that they called roger morpheus. facebook shock to many earlier this year when they announced a $2 billion deal to buy oculus vr , a company whose headset has not even hit the market yet. they had a big presence at e3, showing off potential games. standingve at e3 and by with the cofounder of oculus and ceo for an exclusive interview. john? >> thank you. the oculus story is an incredible one. just a couple of years ago he was trying to clear out what the oculus technology story should be, here we are now. thank you for joining us. if you think back over the last couple of years, people got a little taste of what it could be , but how far have things come?

>> this has been an incredible ride. this is one of those journeys we have been lucky enough to participate in. the community is a big part of this. everyone got behind it. launching on kick starter, crowd funding, that was something you just could not do in the past. we took advantage of the internet and technology today and got the shotgun out there overnight. it was somewhat overnight. within 24 hours to 48 hours over $1 million in pledges had come in. the company was off to the races. it has been an awesome ride since. >> some people still fascinated by the interest of facebook and oculus. you had been swapping messages with mark zuckerberg. you got him to come to headquarters and he tried out the technology? he wanted to help. when he wants to help, obviously he is an debt power -- he is a powerful guy and a smart guy. luckily we came together.

all got together and mark zuckerberg just share the same vision. he wanted to see vr in the hands of as many as possible. that's something we started the company on, the foundation of oculus was how to get vr into as many homes and living rooms, hands and eyes, as possible. >> you just said to me that you got up to facebook headquarters for the first time since the deal was recently announced? >> it was a pretty wild way to do a deal. definitely the best experience i have had. this is my third company and getting acquired, they did deal on a handshake to the assigning of the agreement within a week. it was within about four days or so. we did not sleep much, we kind of camp out at hq. it is interesting to go back and have the memory of the all miter is, but it was incredibly fun and it showed the passion. >> we are at it a gaming event. background.aming

certainly oculus has strong ties to the future of gaming, but in your position of what it could be as part of facebook, you talk a lot about communication. the evolution of things like face time and skype. how are you balancing the time, energy, and focus of the oculus team? it is growing quickly. 50% focused on gaming? 50% on everything else? even a bloomberg er thinking about the future of this technology. >> we are really game developers at heart. the team was largely based on game development power. we have the guys that brought us quake, 3-d graphics, they held a pioneer 3-d in the beginning, they are back together. we have a lot of the big names in the industry, kind of these legendary engineers and hot talents coming together. we are really focused on the game market. a lot of people think it will go into communications and these other areas and now oculus as

part of facebook and they will not be focusing on gaming as much, and that is not true. gaming is our top priority. the foundation of vr is focused on a game engine, a 3-d steam that you have to render at a high frame rate, which is what games do best. back to that point, sony has its own technology they are focusing on here. have you tried it? >> i have not yet, but i am hoping to at the show. we have been super busy. a lot of the guys at the show have had a chance to try it. we have had positive feedback and are happy to see big companies getting into vr. it just validates that the whole industry is going to be a big heal very fast. >> will they be a competitor? >> we don't look at them as a competitor. i would say we have a closer relationship to sony than any other company, with them being in the vr space also and us all kind of evangelizing and trying to create the industry together.

they are a company that is very focused on their console. we are a company that is very focused on vr. the unique side of oculus is that we are now well over 100 people. some of the smartest, best engineers in the industry joining with a single focus, vr. core technology, core platform. we just announce jason reubens, who brought us a lot of those great console games in the early days, we are going to be developing our own first party games. >> before we go right now we think of that had set experience. give us the timeline, the timeframe of being able to pull that. as you told us before, sunglasses, experiencing this technology, what is the pricing? is this something facebook to be giving away two users? tell us what is going to happen over the next several years. we don't completely know. we don't have a crystal ball or anything. it has mood a lot faster than anyone thought it would.

we got into it with duct tape and hot glue and in less than two years we have the second developer kit getting really close to that consumer experience internally. we do have the consumer prototype that is now significantly less weight. it weighs almost nothing. you barely feel it on your head. you can look around. that was a egg challenge. it has a lot of core technology in it is very comfortable. i think we have had 400, 500 people in. a handful of people have complained about disorientation -- the elephant in the room of motion sickness is behind us. we are now focusing on the great experiences. what will be the magical vr content that brings life and attracts tens of millions in the future, like you said, hopefully hundreds of millions of people with sunglasses. that's something we got together with on the vision with mark.

to one at how to get billion people, a lot of it will be centered around gaming. a huge focus on gaming. it will alternately bring the next generation, the final generation of face-to-face communication. we can sit here and have this kind of communication with each other and you believe we are right in front of each other. that face-to-face communication is going to be a kind of longer going to oner billion people. >> exciting times. thank you, brendan. that is the latest from e3. back to you in the studio. >> john, exciting stuff. i know you have a lot of great interviews coming up, including the new ceo of electronic arts. taxi drivers hitting the brakes, protesting huber in london. next, on "huber bwest." -- next on "bloomberg west." ♪

>> welcome back. i am emily chang. protests over

over 30,000 taxi and limo drivers have taken their taxis off the streets to protest the app. there all day long, where a major rally took place. what is the latest on the ground? >> up until about one hour ago the area within a two-mile radius of me here in the center of london was essentially traffic come to a standstill. it was complete deadlock. several thousand taxi drivers came out of their cars and turned off the engine. several hundred policemen tried to keep the order. overall things went smoothly. there were no reports of arrest that i heard of. taxi drivers are very angry, saying that it is operating illegally, that uber acts as a taxi meter. uber came out and threw a curveball, they said that you

can order a black cab through uber. that caused a lot of commotion as well. i spoke to the chairman of the london cab club, and his response was that uber can stick it, that he knows that cab drivers that move on to it will be scabs. i asked him if he was losing business to uber, he said they are not, and i said what is the point, and he said the transport and he said the transport in london is a heavily regulated industry and they are angry with municipal authority allowing one company to operate without jumping through all the same .egal hurdles here comes this upstart, making just as much money without doing any of the work. appber is saying that downloads shot up 50% in london. could this backfire on the cab drivers?

>> it is pretty incredible. the irony of this is that probably the winner in all of this is going to be uber, up 850% today versus last wednesday. clearly an enormous spike in traffic. i spoke to people who came out today that tried to protest drivers, theyxi were booed. it was pretty uncomfortable and intense. the police broke it up, but there is a sense that londoners resent to the black taxi drivers were bringing the city to its knees. it has been a similar scene in paris, where everything was blocked for hours. everywhere the drivers issue is slightly different, but this is all the same thing, a manifestation of frustration over this disruptive technology shaking up this very regulated industry. they are concerned because they say their livelihoods are threatened. >> we are actually going to check in on paris right now. thank you. for more on their reaction to these protests i am joined by

the regional general manager for uber europe, who oversees their operations in paris and other parts of europe, joining us now from paris itself. so, pr, what are the demonstrations like there? i know that in the past they have left chaos. what is going on there? what we are actually seeing is pretty simple across europe. taxis are trying to bring cities to a standstill while uber works around the clock to bring more ways that are safe and reliable for people to move around. >> overnight you guys launched uber taxi in london. that was a surprise. what is the state of the program and the rest of europe? >> actually, at the moment we don't offer our technology to taxi drivers outside london and europe. this is something we have done with a number of markets across the world and i think the focus right now should be on how the

technology can make the assets the are well utilizing interests of consumers. >> consumers seem to have made it clear that they want uber, sign-ups shot up 850% in london. what are you seeing in other parts of europe? >> we have similar trends across europe. i think the top market was barcelona, where sign-ups multiplied by 11. across the rest of europe the trends were the same. wow. you also discounted trips 50% today when riders split the fare with other users to cut down on congestion. you guys are obviously not going down easily. how do you see these protests and other regulatory issues you are facing impacting your expansion plans? >> it does not really affect our plan. we have heard from riders and drivers and continue to expand the product, as you have seen in

the numbers, which are very exciting. just coming back off the promo that you mentioned, the job today is to make sure that on a tough day like this, we can move as many people as possible around the city. this is why we are putting in place promotions to get people to share the assets on a day like today. does have pricing power in london. black cabs are historically quite spent it. how does uber pricing play out in the rest of europe? is it that much cheaper everywhere else? >> i think that in most of our markets we offer a range. some of them are more expensive than taxis, typically a very high-end service. on the other end of spectrum we offer up product that is a ridesharing product, typically ranging between 30% and 50% below taxi prices. >> what kind of luck are you having with getting drivers?

olivia was speaking earlier tout cabdrivers refusing change over, however here in san francisco i know that many uber drivers are former taxi drivers. do you see a lot of people fleeing the taxicabs to come work for uber instead? what has that process been like? >> a great point. we do see across a number of markets taxi drivers switching over to the for hire industry because i think uber is bringing them an opportunity to did not have before, the opportunity to start their own business and make a living out of their own work, to have the flexibility and time to organize how they want to work, when they want to. >> all right, pierre. the regional general manager of uber in europe, thank you for giving us your view from paris. breaking news to tell you about, eric cantor will reside as house majority leader on july 31, this coming after his stunning loss

to a tea party challenger in the republican primary, dealing a potential death blow to immigration reform. peter cook is standing by on capitol hill with more. what can you tell us? >> this is just the ripple effect, emily, from his stunning defeat yesterday in his primary in the richmond area of virginia. the word coming in right now that eric cantor will tell the conference that he will step down as majority leader at the end of july. this is significant because the power struggle had already started as to not only who would replace him, but whether tea party conservatives within the conference were going to have the chance to challenge for other leadership positions. to some extent this may avoid a nasty food fight, a power struggle to laying out in public. now they have people stepping up saying that they want to run for the position, possibly more positions. this discussion was supposed to happen after the midterm elections, but after what happened to him in the primary,

unprecedented for a house majority leader to in a primary election like this, that has led to this decision today by eric cantor to step down. dominoes are falling as a result. >> the gop is losing a major ambassador to silicon valley. i was earlier looking at a photograph of him with cheryl samberg and mark zuckerberg. for does this mean immigration reform? especially for high skilled workers? >> eric cantor is someone who has cultivated very close ties not only to wall street and the broader business community, but specifically to the dash to the technology sector. he has gone out of his way to kevin mccarthy in california. he has made the technology sector prime, if you will, territory for republicans to try to win financial support and political support. is the parch or raises questions about who will play that role

going forward. not everyone running for majority leader may have the same views. it is a blow in terms of that relationship and it remains to be seen who is going to fill the gap in the meantime. as you said, immigration reform is a big i or he for the technology community. one reason they spoke to eric cantor so much was because he had an opportunity as majority leader to perhaps is through some sort of compromise. it was his talk about reform that did him damage in his local election there in virginia. one reason he will not be majority leader after july 31. >> in your view, is this a death blow? to immigration reform? especially when it comes to high skilled workers? or is there hope? >> what i am hearing from a whole host of people is that the chances for a deal this year were slim to none and now with what has happened to eric cantor, they are toast for this year, but this issue has not

gone away and very powerful interest would like to see more on immigration reform, specifically the visas that you are talking about, don't you sooner rather than later. but it will not happen this election year. >> all right, eric cantor, resigning as majority leader at the end of july. peter cook, thank you so much for the update. i want to turn back to the e3 gaming expo in los angeles, where it seems that microsoft is shifting gears with the xbox one. last year it was dubbed an entertainment platform. now it focus is all on gaming. jon erlichman is back with us now from los angeles. john, how is the strategy shifting out there? >> look, a lot of gamers are here, obviously xbox one to to focus on the group. phil spencer e3, spendso, outside a lot of time in los angeles because of the game development, the original tv series focus.

i guy named armor just bought a basketball team that plays down the street, you might be spending even more time in los angeles? >> love l.a.. good show for us here. >> to emily's point, the fact that this year is really about gamers, give us context into how much gameplaying takes place on --.xbox. and how many hours per day, per week , to try to understand how focused you guys are. >> one of our focuses the xbox one was two-putted at the center of your gaming entertainment. now we are looking at it in the home, five hours, six hours per day that the boxes being used, watching tv, playing games, always connected to their friends. we have had over one billion voice commands issued on xbox one since launch. >> we are kind of at that point in the release where the real xbox enthusiasts have their hands on it, but now comes the

next leg of the broader appeal. what role do the enthusiasts, the gamers, the people who will be commenting on everything you are showcasing play into extending the sales of the xbox franchise? anyarly adopters in category are the people giving you feedback on things you're trying to do. the focus is ahead. >> when it comes to your titles, halo is obviously something you are looking ahead to, but what got a lot of kudos was the fact that you were taking the previous versions of that franchise and making them available on one disc. it almost raises the question -- how come you did not do it sooner? >> you would think that the

beginning of the generation, we are only an hour or stole holiday this november. you will have the master chief collection. all four of those on one disc, available for $60. a great value to kick off your library with an iconic character. >> last year there was the big focus on the television initiative. there was the discussion of stephen spielberg doing a halo tv show. i know you have been working on that. there were reports of possibly teaming up with showtime on that. any light that you can shed? >> we are not announcing anything around that opportunity here. here what we are talking about is the master chief collection, as well as halo nightfall, a collaboration with ridley scott. halo is one of those stories that i think and transcend games. we have seen great success in books and video and we will continue to look at how we can make more people fall in love with that universe. >> phil, thanks a lot. >> thank you.

>> thank you so much, jon erlichman. we will be right back with more of "sue bird west." -- "bloomberg west." ♪

♪ watching "bloomberg west." i am emily chang. blocking pre-orders of certain water brother movies, movie," buthe lego they are still available through amazon instant video, and amazon is also in a feud with another company and has lost reorders there. and the chinese giant alibaba is a shopping website that features specialty stores with products not available at

regular retailers. it is called 11 main. plans tois as ali baba go public. and seeking a valuation as high as $3 billion when it goes public, a company that now plans to sell shares tween $21, 24 ro, and theye, gop are also planning to pitch themselves. thewe go back to e3, conference in l.a., and jon erlichman is there. with us now, what have you got next? little bitto talk about the game developer side. obviously, electronic arts is a company we cover closely. last year, we talked about who would be the new ceo of ea, would they go outside, would they go inside, and they went

inside with someone who got in early start in sports. you were announced as the ceo late last year. what would you say you have accomplished in your tenure as ceo so far? >> it is a great company, and there are fantastic people who come to work every day to build video games and do really cool things. there was a sense in the marketplace that we were not doing all we could for the player, and my idea was to reestablish a player first mentality. as you look at some of the things we are doing, looking at some of the games we are showing you this week, i think we are making progress, and the feedback from the gaming community has been really positive. >> let's elaborate on that. that is true.

you said, hey, game players, we are here for you. elaborate on how that works. giving it a go and getting feedback early in the process? >> there aren't things that come down to what a player culture means, and the first thing is when you think about player yout, the filter by which make decisions, we have to make tough decisions about things with the player first. we have shipped need for speed every year for 17 years. we moved it out of here and gave it some more time. announcing and showing things much, much earlier. you saw in our first briefing, we showed games that are not going to be out for three years, and it is about bringing them into the game earlier, so we announced our beta earlier than we normally would. we brought the gamers in and us what youell

think. challenge us to achieve greatness. >> something you have always been passionate about. are there any tieups with the world cup, anything you are getting out there to sort of get the word out about it? there was a time when i was fifa games, and that was sort of the sum total. now, think about the world cup in korea, and in china, a world cup element. the xbox one. they have got world cup content coming through. we have seen the buzz built. and then the xbox three and playstation three. we have really tried to harness the enthusiasm out of the world cup this year. , and acrossorld platforms, they can have fun with it. >> let's switch to star wars.

obviously, disney is hard at work on the next star wars film. thats been made very clear what you guys are doing in terms of developing games doesn't have to mix with the same storylines for the movies we are seeing in theaters, and yet, i believe the timing of the battlefront release is relatively early next year, and that is the year of the star wars film. what should we be thinking about your strategy? is an star wars universe amazing universe. many of us grew up with this world, this universe, these characters, and what we really want to do is use the interactive entertainment medium to give people a new way to immerse themselves in a way they would not have been able to do before. is true to the star wars universe, true to the star wars fiction. it gives the player a chance to

interact with it in a very, very different way. of course, trying to bring the concept, but our take is not just to give you a movie game. ours is to give you a way to step into the star wars universe. >> i do get a sense from some of your past comments that you feel like now more than ever that hollywood model of bedding on the biggest franchises, because what defines a hit today is different than what it used to number ofs of the games sold, that that is an important strategy for you as ceo. >> yes. i want to move us away from the straight hit. i want to move us into the live services. they like star wars, i do not want them to come in and play a star wars game. i want them to come in and be part of a universe, and experience, six months, eight months. we are seeing that with fifa and battlefield, and we are seeing people playing for five years.

our idea is not to give you these small experiences but to give you an experience you play across platforms from the moment you get up in the morning until you go to bed at night, and one that you share with your friends, and one that you enjoy for many, many months. oculus, that is something you have said ea is exploring. can you elaborate on that? what are some of the things you are playing around with? >> some of these partners, the guys at oculus or some things that are coming in behind the scenes that i will not announce today, but i do believe that the content is truly getting into the experience. it has to be something that gamers once. i thought total recall as a kid. you go to a different place. that is what we do. we deliver that fiction, that fantasy for players, and i think virtual reality plays an important part of that. there is a company prototyping that right now.

ok, how to be truly deliver something that actually adds that entertaining and inspiring and creative experience? >> thank you. >> thanks. >> we will send it back to you. >> all right, thank you so much. well, a picture. worth a thousand words? cantor in this photo. immigration reform. and the tech community and forward u.s.. with his loss, and that is next on "bloomberg west." ♪

>> i am emily chang, and this is on bloombergst" television and streaming on your tablet and phone. eric cantor will step down as house majority leader in late july. the republican congressman was pushing for immigration reform, a cause that many tech ceo's in

silicon valley support. take a look at this as by his opponent. >> eric cantor does not represent you. he is the number one pro-amnesty republican in congress. >> a photograph of eric cantor with mark zuckerberg and mark andreessen and sheryl sandberg. so was it immigration reform that brought down the congressman, and what does that mean? a stanford university follow joins me now. voter turnout was low, but was immigration reform his downfall? no doubtation reform had a lot to do with his downfall. this whole issue about amnesty and documenting the illegals and so on. this does not play well with middle america, and this is really what led to it. i do not think comprehensive immigration reform ever had a chance, and what happened last

night showed it. >> what kind of immigration reform does stand a chance? you do think there is hope for certain measures. >> i have been saying for the last three years that we should focus on the low hanging fruit right now, agree on what everyone agrees on, it did he was silicon valley desperately needs. i do not think anybody would say we do not want job creating entrepreneurs to come in here. if we focus on the dream act, the children of undocumented workers who did not do anything wrong, and most americans would open their hearts and say, yes i'm a we need to legalize these children. are focusing on a few of these, we could have gotten immigration reform through. instead, what we got caught up on was providing a path to citizenship, and that is a no go for the american public, because they have not gotten over the issue of people crossing the border illegally, so this never really had a chance, and we just

learned that the hard way. >> the tech community has been lobbying for high skilled workers and the h-1b visa to get more skilled labor in this country. as it stands now with air canter out, how much is there now for that measure this year or in the next congressional term? >> see, i leave it to the democrats into the president to take the leadership on that. if they break up immigration reform into doable pieces, this will go through. it has to be piece by piece. get done what is desperately needed, and then let's provide more green cards to the millions of skilled workers that are stuck in limbo. they are not taking any jobs away. they are already here. to give them their paperwork, and then let's go through the other issues and one by one solve them rather than trying to solve them at one time and getting a complete mess, which is where we are headed. >> in the united states, is

there really a dearth of engineers and skilled developers? the personicture of who is visiting and has the skills but cannot get a job and cannot stay. >> emily, in certain parts of the united states, there are people who are highly skilled and cannot get jobs. valley, indeed, facebook and google, they are not doing this because they want to get cheaper labor. they do not care about labor costs. they need the best, wherever they can get them, and for them, it is competitive advantage. all they care about is getting the best, so you have shortages over here, and the problem is americans cannot move to silicon valley. it is too expensive for them. so what should be happening is those that are needed should be allowed to hire anyone they need. it should not be that you have some parts of america dragging down the most innovative parts

of america which is boosting economy and creating innovation for the rest of the country. what about the mark zuckerberg immigration organization, where they just announced a $250,000 at campaign. how big of a blow is this to them? >> no doubt, this is a blue to them and to anyone supporting skilled immigration. we have all lost because of that, particularly silicon valley. this is all lost as much as it is anyone else's. >> so what can the tech community do now? what are the options? spending more on lobbying? >> well, we have to start going to the president and our congressman saying we have to look at what we can do bit by bit. give us the things we need, and do not hold us hostage is you are trying to get more votes. we need what we need to boost the economy and to help the rest of the country, so solve our

problems. we now need to divide and conquer and get the things we need. there are things which everyone will support, like the dream act. let's get that approved. let's provide temporary documentation to the people who are here. care about voting or citizenship. they want to be able to come and go as they please. and this is what we now need to come to the bottom of it. we need to push for the right things. >> do you think other republicans are going to move back to the right now that eric cantor has suffered this loss? >> i do not think the republicans are a problem here, frankly. moreepublicans are even sympathetic than the democrats. it is the democrats who have been holding silicon valley hostage to the plight of the undocumented. there is the man who represents

the hispanic lobby, and he practically admitted that. and so this is what the problem is. let's now acknowledge the real problem. listen to the needs of its constituents over here and fight the right battles. >> all right, the stanford university follow joining us, and this is something we will continue to follow. thanks so much. well, elon musk goes to washington, trying to get lawmakers to give lucrative military contracts to spacex. successful? we will hear from him, next. ♪

♪ "bloomberg west >> welcome back to." i am emily chang. supporting investments in the united states, europe, and israel, a firm has had more than

$1 billion in exodus in the last year alone, and that includes others, but isd it getting too easy? i sat down with the general partner and asked him if he thinks some of the skyhigh valuations are justified. >> it is very tricky to interpret numbers like this on a one-off basis. basically, what all of these numbers tell you, whether it is , they get bigr numbers, but ultimately, it just means that the market has very high expectations or them, and over time, it will adjust up or down words or them, and recently, there has been an adjustment downwards, which means maybe the market was ahead of itself. look. uber is a terrific company. lockbox is a wonderful company. could they be the next walmart?

yes. if so, they should be worth more. >> youyou can keep -- can catch more of my interview later. and elon musk and his latest spacecraft. we caught up with elon musk himself, and, peter, this was basically a sales trip, right? yes. the rockstar ceo brought his show to the nation's capital, and he brought the new dragon cap sewall. -- capsule. he brought a capsule here, and he had a big event at the event. they were all given a chance to step into the capsule, to sit in the seat, to get a feel for what it feels like to be in a spacecraft itself. it was a real show, not

something we get here, and elon musk was at the center of it all. i asked him some questions about the capsule and the spacex efforts to reach out in washington and about his level of confidence. cracks i am not presumptuous about the contract. to haveo do what we can this be a good design. they have been an awesome supporter of spacex in the past. we would not be where we are .oday without nasa i think we have shown we can do a good job. hopefully, that makes a difference for this competition. >> and, of course, spacex has done cargo deliveries for the international space station but far.ng else so bowling is also competing.

sierra nevada's space is also competing. it gets awarded in august, and we could see two of the three companies win, so spacex is in the running at this event in washington, hoping this will push them over the line. peter, spacex has also ruffled some feathers about suing the air force. any update on that fight? >> well, he was asked about it during the course of the event last night. i got some questions in about it. this is where he has thrown some elbows. he has been the young upstart. he has ruffled some feathers at the air force. also, a joint venture agreement with boeing and lockheed martin. he has challenged them on the hill, and he did it again last night. these are some of the comments he made talking about lockheed and boeing. >> lockheed and boeing are used to stomping on new companies, and they are used to stomping on us. i think we have a shot at prevailing.

certainly a small up and, going against these giants. >> going against giants, and, assuming the air force, the air force stands to be their biggest customer, so by making that decision, a controversial decision. he says he has no regrets. he says he was forced into it. he says spacex had no other option. >> we were talking about eric cantor earlier and about tech lobbying in washington. do you think we are going to see more of that now? is no questione about it, and if eric cantor leaves, someone else has to step up. some of the technology issues going forward for people and elon musk, it is front and center. we should be seeing more of elon musk and the tech community coming year. if they are game for the fight. but that is the question. not everyone is game for the fight here in d.c. but thank you for watching this edition of "bloomberg west."

you have all of the headlines at the top of the hour and on bloomberg.com. ♪

♪ bloomberg world headquarters, i am mark crumpton, and this is bottom line. today, republicans assess their prospects after the stunning primary loss of air at cantor. then, elon musk, his latest machine for manned spaceflight, and putting a lot of resilience in spirits. and to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making