emily: we have everything you need to know about who is in and who is out. i'm emily chang and this is "bloomberg west." the uber business model coming under threat in california. nintendo looks back to move forward and partners with activision. we'll get the latest from e3. i sit down with the ceo who gives me new details about how much they are selling. all of that ahead on "bloomberg west."

fitbit is expected to set a price for its ipo. it plans to offer class a shares for $17 to $19 apiece. as soon as tomorrow, fitbit will begin trading on the new york stock exchange under the symbol fit. oracle shares plummeting in extended trading with quarterly shares and profits falling way short of what wall street wanted to see. oracle placing blame on something plaguing many silicon valley companies, the strengthening dollar. we've seen hp struggle with this and facebook struggle with it. how much of this is the strong dollar, and how much is it just oracle not performing? >> it's a combination of both. it's partly a transition to the cloud. they were late to the cloud. microsoft is well ahead of

oracle. and you have the continuing fx headwind. this is partly oracle's execution. emily: let's talk about the cloud. oracle reported an increase in cloud software. what kind of progress are we seeing and what more do you want to see? >> one of the biggest things you see when you look at a company undergoing transition is cloud license sales. bookings were strong in the cloud and they are forecasting 60% growth in cloud revenue for next year. when you have companies move to the cloud, you will give up on the license fee and make it up

in the subscription. so there is a lot of that going on and the earnings as well. emily: oracle is really banking on cloud to compete with salesforce and sap. are they on track? >> they are not on track against salesforce. salesforce is running away with it, just like the golden state warriors. salesforce.com is laps ahead. there's a little overlap, but we think they are way ahead. emily: big changes at microsoft, cleaning house there. stephen elop is out. this is the boldest move he has made since becoming ceo. what do you make of it? >> most people are shocked that elop was still there.

amy hood is going after the expense structure in a dramatic way. we think these moves are just underscoring what nadella understands. emily: what does it mean for the handset business, with elop gone? >> it's going to be a lot more focus on the enterprise. all the devices will be pivoting around that in terms of where they want to take the company whether it's the cloud or the internet of things. emily: given what we just talked about, that microsoft is interested in buying salesforce, does it give you more indication of what nadella is thinking about that acquisition?

>> it would make a lot of sense, it would accelerate the push to be a $20 billion company. we think there is still a time of unanswered questions. would microsoft want to write oracle a royalty check? both companies have platforms. there's a ton of overlap. why would they spend $70 billion on a ton of overlap, plus the infrastructure runs on oracle. would they want to write a check to oracle every year? emily: let's talk about this guy, terry myerson, who basically owns windows. he is the winner in all of this. are you seeing him as nadella's number two after all this?

>> if he's able to successfully gain market share in the mobile area, either smartphones or tablets, especially with the launch of windows 10 coming, it is a possibility, i would say. emily: would you say myerson is the one to watch? >> there are multiple people inside. i have been super impressed with amy and what she has done on the expense side. they need more cloud expertise on the application side. it is stacked with talent and i think there are multiple people who could come through. emily: in today's edition of "ready, set, fight," the california labor commission has ruled that an uber driver must be considered an employee rather than a contractor.

uber has always maintained it is a logistics company, rather than a fleet operator. california disagrees. it says the fact that uber provides drivers with phones is a way of acting as an employer. the implications could be huge. as an employer, uber has to manage social security, worker's comp., and unemployment insurance. uber says not so fast, in a statement to bloomberg, they said the ruling is nonbinding and applies to just a single driver. it's important to remember that the number one reason drivers choose to use uber is because they have complete flexibility and control. the majority of them can and do choose to earn their living from multiple sources. up next, the latest from nest. my interview with the founder and ceo, after the break. ♪

>> define geekiness. bordering on addiction? why not.

emily: at the bloomberg tech conference, if you want to laugh really hard, watch the full interview at bloomberg.com. today, nest launched its first product since the google acquisition. a home camera as well as a refresh of the entire product line. i spoke with the ceo and founder about the new camera. >> it took a major team. we have hundreds of employees working together to pull this off. it's really hard to scale a business. we have less than 1000 employees and we are working incredibly hard to make this happen. the new nest cam is the best drop cam. you can put it anywhere, even on your refrigerator with a magnet. to us, we have also put in high-quality video so you get crisp clarity.

emily: how did you make the decision to get rid of the drop cam name and can you still buy drop cam? tony: we want to make it really simple. emily: how many of these products are you selling? tony: we are selling all three products today in seven countries. they are used in over 190 countries and we are selling in the millions. we are happy with where it has come in just five years. emily: what are you doing to encourage adoption? tony: we have energy partners and utility companies that are giving away free thermostats or highly discounting them because they know they can save energy for their customer and get them to generate less power.

they want to give these things away so they can have more efficient operation. the same thing goes with home insurance providers. they can give you a better rate. all these things are helping drive down the cost and get into homes in all different demographics. emily: how hard was it to work with the insurance companies? tony: they've made connected cars for cheaper insurance connected homes were just the next thing. emily: how deeply involved have you been in the rollout of all of these products? tony: we have a great team and they come up with really creative ideas. i'm kind of like the editor. i look at every screen of the app. i look at how a button works or how it sounds. i'm intimately involved in the

details, but the team does a great job and i only have to do a little bit of tweaking here and there. emily: how does it help you better compete with apple? tony: apple is a great partner. we are working with apple on all kinds of other areas. emily: what other areas? tony: i can't mention it right now. if you look at samsung, it's a hub platform. you have to buy a hub and a whole set of gear and you have to program it. we'll think that's the right way to do it. we want to simply have our product work together with third-party in your home with no programming, and anyone can install it. emily: apple is taking great

steps with home kit. tony: it's another platform. we're looking at investigating and working together with them on that. emily: where else do you see nest expanding? tony: you will have to wait to see what we are going to do. emily: tell us how the integration process has been with google. tony: it's been about a year and a half now and it has been great. i could not be more impressed by the team and their ability to allow us to run autonomously and do what we want to do, but get the best of google resources to bring to bear to help us put on an event like today as well as technologies to infuse what we do. emily: how does it work together?

tony: we have a lot more to talk about the coming months. we have two specific technologies. one is an operating system to make it easier to connect the different devices. we are now working with google to bring it out to all kinds of different products. and they are working with us to get it inside of nest as well. it's a great cross company collaboration to help speed along the internet of things to your house. emily: what is the next iteration of google hardware? tony: there are many great people inside of google doing google hardware. emily: you have launched these products. how difficult is it now to ship them? tony: it's just a matter of getting them from the production facility to the retailers. it will be available in two or three weeks in the stores. we have basically done our job. now we just sit by and wait for customers' comments and we try to make them even better when we hear from them. emily: where is nest two years

from now? tony: i hope we are in more countries and have more developers. it's still a long, hard road, even after five years. emily: where do you see the internet of things market going in general? tony: it is infusing into everyday products you already have. it might not be categories like smart phones. my hope is that were going to see it in all the places we already buy. emily: are you as optimistic about wearables as non-wearables? tony: there's a lot of great reasons for the internet of things inside of a home. you have to have a really defined reason for why they should exist so people can put them in their lives.

then they will adapt to change over time. emily: my interview with the ceo and founder of nest. spotify naming a new cfo, the former netflix finance chief. the paper says mccarthy will give up his spotify board seat when he takes the new role. we will follow the story as it develops. today in "out of this world," the first ultra high def video shot from roughly 250 miles away on the international space station. it comes from a vancouver-based company whose mission is to democratize the view from space. >> if you are looking for humanitarian, social, water management, we are signing agreements with groups like the

united nation and nonprofits. emily: basically it will stream views of earth for free and sell targeted views for up to $20,000. it can be useful to anyone from environmentalist to economists counting cars in a walmart parking lot. the newest camera goes live this summer. coming up, nintendo is learning to share its mario characters. we get the details on the partnership with activision. ♪

emily: time now for the daily byte, one number that tells a whole lot. today it is18% -- the estimated percentage of female engineers at pinterest. two years ago, a pinterest engineer wrote a post asking for hard numbers about diversity in technology. that sparked the first reports of their kind from apple google, and facebook, but the results were dismal. i spoke to tracy chou about the progress that has been made since then. tracy: we've had some pretty big increases in our numbers so we would like to share some the tactics we've apply that have been successful. when i first published my blog post, we were 10% and now are getting close to 17%. our engineering intern class this summer is about one third female, which is quite a bit higher than we were seeing overall a year and a half ago.

emily: a step in the right direction, but she says it could take decades until we see 50-50 gender equality in engineering. nintendo is using the old and the new at e3 this week. we haven't seen this franchise on a console since 2005 when it was on the gamecube. nintendo striking a rare deal with activision. the gaming giant is bringing its amiibo figures in. users can play as that character in the game. reggie, thanks for being here. you guys historically have been really protective of nintendo characters. why this partnership with activision, and why now? reggie: when activision first came up with these skylanders idea, they had conversations with nintendo first. the conversation was on how

amiibo figures could integrate with what's happening in the skylanders' world. we partnered to make sure the bowser and donkey kong characters move the way they needed to in this universe, but the gameplay is all about these figures. it was a great collaboration. just the kind of thing nintendo likes to do. emily: the star fox game is a fan favorite. why bring this back now? are you hoping it will spark sales of the console? reggie: it leverages the game pad so you're looking at the tv during parts of the game and at the game pad during parts of the

game. our fans have been waiting for it. the game looks beautiful, plays beautifully, and we do believe it's going to be a hardware driver for us. emily: you showed a trailer on the wii last year. any updates on when this will be coming? reggie: the new zelda game is something we are hard at work at. we did announce it would not launch in 2015, that it would be a 2016 game. i have nothing new to announce here but we have plenty of games here that our fans are really excited about. emily: something else coming in 2016, the nx. any information on when we will see it in 2016?

>> the way nintendo thinks about this gaming convention, we focused on products that are coming out in the next 6-9 months. it's coming sometime after this year ends. we really want to focus on the here and now. i can't give you any more details other than to say it's not happening this year. emily: reggie, i know you're kind of a celebrity down there so you go and enjoy yourself. we will catch up with you in 2016 when all this new stuff comes out. reggie there from nintendo. that does it for this edition of "bloomberg west." we will see you back here at 1:30 pacific time tomorrow. ♪

>> from our studios in new york city, this is "charlie rose." charlie: jim o'neill is here. the former chief economist and head of asset management at goldman sachs. he has not slowed down since retiring in wall street. and prime minister david cameron.