movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. kicks off toorce reinforce with a big data and some unconventional ownerships -- partnerships that have some new owners talking. i'm emily chang, this is bloomberg west. coming up, then a venture capitalist sounds the alarm on a tech bubble. plus snapchat discovered a new revenue stream. and masses plan to send humans to mars.

salesforce's annual gene fourth conference kicks off today just a few blocks from here in san francisco. byy open up the summit introducing a new cloud for the internet of things. this way for customers to make sense of all the data coming in from different kinds of devices. joining me now to discuss all things dream force, executive vice president at microsoft. and our senior analyst for bloomberg intelligence. cloud? you think of this deal for anyg company right now. predictive analytics is becoming the way you went to differentiate your offering. almost every software companies .etting into it an emily: talk to me about why microsoft is coming out this year.

peggy: this is our second year as a dream force and we are in an innovation sponsor. ons giving the keynote wednesday. he will be talking about our three ambitions. thaning a more personal species and building an intelligent cloud. me about thato relationship. on one part your partners, and there is another part where microsoft is becoming more competitive. ofgy: we have areas competition, but we've many more areas of synergy. are choosing to focus on with their sales force partnership. since the past year when we first announced a partnership we have expanded in a number of areas. salesforce app for outlook. with deeper integration between

our one drive in short products. we have new integration with sales or's and our business intelligence solutions. emily: how would you say this increasing partnership is working out for customers? >> they opened it to the compartment. almost every technology company has been something that has been .oticed they've done a very good job about it. it really helps them to expand their applications. about we talked salesforce and microsoft as partners. the chatter has gone so intense that people claim that microsoft tried to buy salesforce. with they go down that path? peggy: we deny he's to be set. partners. nadella'sat is satya focus on partnership.

he sees the value of driving a partnership with good collaboration on both sides. that is where we are focusing. emily: you were his very first -- hire. what attracted you to the? m? peggy: it was a big change for me. i was her have it all down. it was agreed company. but i have watched his progression and i was curious about his vision. out of the blue and i got a call to come and look at the role as the head of business development and got to meet him in person, and he is such a change agent, i was all in. emily: i wanted to hang on for a second because we are getting some breaking news headlines out of 88. saying it will be cutting 25 to 30,000 jobs as a part of a restructuring.

i recently spoke with meg whitman, and she did say that more job cuts would be coming. we're trying to figure out exactly where they are coming from. you cover hp, it has always -- already been through a lot of pain with meg whitman coming in and trying to turn this around. >> we have to see where the job cuts are, but something you can see is that they are not competitive and services at this point. they are gaining market share. we will have to see where these job cuts are coming, but i'm not surprised given their week performance in the services business. emily: these comments coming from the hewlett-packard enterprise ef of -- a cfo, speaking at a conference. where do you see the fat when it

comes to hp enterprise? >> one of the most important things a lot of service companies have done is moved there staff -- the staff to offshore locations like india and the philippines. hp has not been as aggressive as some of the other companies at this point. hp has been behind. it is possible that this could be an aggressive move to cut down cost and be more competitive out there. emily: how optimistic are you? whenever jobs, these are hard choices. but it certainly seems that she has been able to make these hard choices, not the least of which was flooding of the company. how optimistic are you about the future of hp enterprise with meg whitman at the helm? >> and lots would be dependent on how they position this company in the future. where are they going to visit?

if they have the idea of outsourcing business, they're going to have a tough time. analytics, do cloud then they have a shot at getting back to growth. our senior analyst at bloomberg intelligence, thank you so much. i want to bring the president of microsoft back in. we were talking about partnerships and working with such in the download. and talking about hp, there are a lot of changes going along and the tech industry. what makes you so hopeful about his decision and vision at microsoft and for partnerships? peggy: we have always had an active partner network and microsoft. but we have not always partnered well i'm innovated alongside them. i think that is the change we see. he recognizes the importance of

working with partners. think you will continue to see surprising relationships in the year ahead. emily: you have strong partnerships with hoover, dropbox and aol. what does it take to get those kind of deals done? culture atave a microsoft where we are customer obsessed. we want to make sure we are good learners and listeners. we take that very seriously. wait 2000 partnerships that you recognize. we have put together a grate partnership with uber where we are getting ready to announce a deep integration. appointment in your calendar it could pop up and fill in the destination into their field already. angry customer experience. and customer experience. emily: thank you.

we're looking forward to hearing him speak. bill gurley tells me what is coming up. ♪

emily: breaking news. hp cutting 25 to 30,000 jobs as part of restructuring. the comments coming from the cfo eating at a festival. that is a lot of jobs. cory: there's a lot of jobs on top of the other 50,000 they are going to lay off understand the context. for more than 15 years they have

been taking one-time restructuring charges and the extent of those charges past the business already is really bad news. not the least of which are the national 25 that are going to lose their jobs. these were layoffs that were supposed to happen when they came in. 50 on top of that is an enormous number of jobs to be cutting. emily: what are you saying? do you think that these could happened sooner or should have been seen or -- sooner? cory: the way they account is very important for people to understand. hewlett-packard likes to take it as an externally one-time thing. results.it is here are hp losses might look better if you accept their non-gap discussion work, earnings or

losses. the restructuring charges, because they are consistent item with this company they might make the results look at little bit better on the operating profit line, but it might suggest that the company going forward is expected to have a lot of problem's. i'm curious to hear what your take is. how optimistic are you. when you have a business with a bad reputation and a manager with a good reputation. the manager that addition of the business survives. -- the reputation of the business survives. hewlett-packard is performing a harder. they have done ok in this

timeframe. maintained all along as we are doing a lot of acquisitions are going to spend a lot of money to grow our top line. they have not been able to do that yet. now we see their prediction for the future of the business when it is to businesses is also going to be bad and require continued restructuring. that is not a good sign. it is like buying a house and say do not look at the kitchen will have to remodel as soon as we move in. emily: turning now to china. stocks dropping for a second day. the biggest two-day loss in three weeks. spoke with bill gross during a panel discussion, and asked him about volatility overseas and how worried he is about it. >> there seems to be enough evidence now that there is some type of slowdown there.

but from an export an internal consumption stand right in the only reason it is interesting in mind is because with a late stage investors are enacting here. they can very quickly go from being overly optimistic to overly skeptical. are on super optimistic or super pessimistic. it can cause these huge shifts. a half old guy asks very different questions that i have empty person. remarkably different. skepticism -- there is some risk that skepticism could go into the late stage investor market.

if they get their butts kicked over there they will not stay hyper optimistic here. it is just human behavior that is hard to the way emily: how is this affecting your strategy? >> our firm has taken a more conservative attitude in the past couple of years. qualitysee 80 k in the of the opportunities that entrepreneurs are chasing. i would offer one caveat to that which is if you look back over history the really grate outcomes, the day they start seeing blue independent of whether they were in the cycle or not. emily: we may be at an inflection point. how far away is thought of -- b ottom? >> we have moved from everything

is rosy to where we start to see cracks. that has historically led to a change. i am of the belief that there is an 80% chance we are headed toward the kind of thing. i cannot prove that. question is interesting because there are two dimensions likely cause that. just a normal correction could have some amount of impact on a percentage of those companies. thing that has been going around about state private longer. interesting, they publish this thing where they studied 3000 companies that had gone public. of those 3000, oh green light hundred made it 200 million in revenues and two thirds of that went public on less than that. so, if we are going to stay

private longer, the number of companies that actually make it out is going to be exponentially lower. emily: now to a story we are watching you twitter part nearing the square give u.s. political candidates a way to collect donations tweets. they currently share the same ceo. userer service allows the to paint with a debit card and submit an remission wired by the sec. transactiones 1.9% fee. twitter does not take a cut of the donations, but campaigns can promotes tweets to specific users. for $.99 you will now be able to replay we snaps that have disappeared.

there is a catch. he could only replay a single snap one time. up next, what chicagoans are doing to fight back against the so-called netflix hack. ♪

emily: it is time for the daily bite. one number that tells a whole lot. today's number is nine. infamous cloud tax charging residents on streamed videos and music. of chicagoans are suing the city on the so-called that

next tax. violates aying it statute. that tax reportedly brings in $12 million a year. are watching we today, jeff bezos unveiled plans for his startup to build a rocket manufacturing plant. the company is spending more than $200 million on the project. eventually blue origin will be competing against the joint venture of lockheed martin and boeing and spacex for commercial rocket launches. scott kelly is officially halfway through his one-year mission on the space station. it is a record-setting project that will help nasa understand long-term effects of space on the human body. joining me now for a status

update on the mission, dr. julie robinson. she's with me from houston. thank you for being here. how is it going six months in? how is he doing? missing ♪ --eak angry commission going so far. some of thes that different psychological issues and challenges of seeing locked in a can for a year are going to take lace. he is a grace periods and he is working hard on his research. you are also studying his twin, mark, on earth. what are the surprising things that you are learning about the both of them? one of the things, if the but what it is like when you visit your doctor, it has changed dramatically in the last five to 10 years. the blood test look at genetic

information. we personalize cancer treatments. we have to understand what it is about certain asteroid that helps them to be healthier with air space than some of their colleagues. that is really important to know over the long term so that we can send a crew that will be safe and be able to complete a mission like a mission to mars. say are the first ones to study is wildly are in orbit. twins, somentical of his powerful genetic data. that opens up instead -- a set nottudies that were possible before. specifically have you learned that will enable you to send someone to mars? what has given you more information to give you a success? >> one thing that is really

important is we are evaluating how to keep scott are losing what wehile he is in have learned over the last three or four years on the space station is that some astronauts lose some of their vision while they are in space, but some do not. some astronauts, when they come home, that asian losses permanent, and in a few individuals it is severe. we have i have a hypothesis about how that is happening. it has to do with the fact that when you're in gravity, all of the blood flows into your legs. your heart has to pump it back up. when you're in space, all of that flows into your head. we know how big or as puffy. we think that is putting pressure on the brain and on the optic nerves. it compresses the eyeball, and can damage vision. so to study that on the space station, both scott and his --ments not counterpart

cosmonaut counterpart are doing a series of eye exam and we are putting them in a russian device which is a lower body pressure device. out of thee fluid top of their body and down into the bottom of their body and we're able to use our ultrasound to look at the movement of those fluids. that will help us to design the right set of medical treatments to use for crew members that is going to be a no gravity environment are long times. emily: that is fascinating. talk about a sacrifice for the greater good. we will continue to track scott's progress. thank you for joining us today. that does it for this edition of the bloomberg west. tomorrow, do not miss my interview with cisco's. we will be a dream force all week long. i will be speaking with mark benioff. ♪

mark: i am mark halperin. john: all respect to mark cuban, you were no longer the biggest character in a dallas. ♪ good boy. hashanah.ted rosh trump in the $18 trillion man. the first tv ad in veiled by the club, and they plan to spend more than $8 million airing it in iowa. but if you don't live in the