security agency in afghanistan. nearly 30 people were killed, 300 wounded in a car bombing and a four-hour gunbattle that followed. the united nations is urging the u.s. and russia to get the peace process back on track in syria. a seven-week truce has effectively broken down. today is primary day in new york. hillary clinton voted early in westchester county. win 68%anders needs to of the remaining delegates to clinch the nomination. if donald trump wins more than 50% of the vote statewide, it will put him in strong position to win all of new york 95 gop delegates. president obama is in route to saudi arabia but leaves behind a controversy that threatens relations between the kingdom and the united states. the issue is bipartisan legislation that would allow families of 9/11 victims to sue the saudis for any role the ents of the regime may

have had in the attacks. global news 24 hours a day powered by 2400 and more than 150 news bureaus around the world. bloomberg west is next. ♪ i'm emily chang, and this is "bloomberg west." intel reveals a major restructuring, cutting as many as 12,000 jobs as the pc market heads for a fifth year of declines. we will take you to the details. yahoo! topping estimates as the preliminary bids come in for a company selloff. we will tell you what marissa mayer has set about putting yahoo! on the block.

from the courts to capitol hill, we speak to the congressman theing the charge striking balance between privacy and national security. intel announces a major restructuring. the biggest chipmaker will cut 12,000 jobs or 11% of its workforce. shares were halted ahead of the report and now down to percent in extended trading. intel announcing stacy smith will move to a new role as head of manufacturing and sales. the company reported sales of just under $14 billion. comes with the pc market on track to decline for the fifth year in a row. how will intel reposition itself? joining me is cory johnson and -- i will start with cory. these are significant job cuts. what are your takeaways? cory: intel has handled acquisitions as well as looking

at a changing market. the pc market selloff will not let up and they have to make changes there. loath to lay off people. if you been working at intel for 10 years, you're one of the new kids. people spend their entire lives at silicon valley. emily: we have been listening to the ceo on the earnings call. take a listen to what he had to say about this. >> it is absolutely a situation where we are structuring to allow ourselves to invest at a faster rate. in those growth areas. if you take a look at it, 2016 ,o 2015 in the areas of memory sensor,gy, bio t, data

we were investing more in 2016 then in 2015. these job cuts were long overdue. why did they take so long? >> one of the things with intel it remains a top line perspective. they been able to outperform pc chip sales that have done better than pc shipments. can't keepve story up. what has been working is the data center market. they have done really well. this is a hard pivot. it is a long time coming.

emily: promoted a president, stacy smith is moving into a new role. smith stayingy cfo and renee james president -- that did not work. james did not last terribly long. watching him bring outside did notsomething intel do historically. it rubbed people the wrong way. clearly, a decision is being made that they need to run things very differently. really stepping up to a lot more responsibility. they are seeing the construction of the most important jobs that they will be in charge of. it's a big step up for him.

that role under stacy smith might be more important. stepping into this very big role as a company. there has been discussion that intel chips may end up in the iphone seven. which would be the first time we see intel chips in an iphone. is there truth to that? >> it is still speculation and this would be a huge coup if that were to happen. the gaming mobile business, there are parts that brian talked about. elements of the pc segment that are still growing set-top boxes. , its that are still known is worthy of investment. you have to find those areas.

it's not as large as the pc segment. qualcomm.ell behind they have hired a senior executive. still a lot of work to be done. intel? is the future of is it the internet of things? what is the future of this company? cory: i think the internet of things is an area of focus. they would like to have the right chips for the iphone but beyond that, when intel makes plans, they plan so far out. they are thinking of things that will be largely functional 5, 8, 10 years from now. when they talk about the internet of things, it is really twofold. they still want to be in the data centers that are processing

all of those mountains of data. and they are already doing that stuff. that is something trying to senate sees -- brian sees as the future of this company. from making calculator chips to personal computers, i think they see it as a whole future of computing. cory johnson will be sticking with me to talk about yahoo! next. said, yahoo! out with earnings just as the bids come in. here what marissa mayer is saying. apple's lawyer is facing off with the fbi. they are not satisfied with apple's answers. the congressman called for today's hearing later this hour. ♪

emily: a story we are watching, selling more than $1 billion worth of facebook shares according to filings with the sec. he sold his mobile messaging app to facebook for $22 billion and has an estimated net worth of more than $9 billion. facebook shares have risen 12%. yahoo! shares dipping slightly in extended trading after the company released earnings that slightly topped wall street's week expectations. to $860lined 18% million. the earnings call quickly turned to the company's possible sale with bids from verizon, tpg, and whyp. orissa meyer said the sale is the top priority.

made the saleve our top priority. comprised of independent directors and strategic transactions are leaving -- leading a well-run process to achieve the best possible outcome. the management team and i have supported the boards process from the start and we are moving expeditiously. emily: joining me from toronto, eric jackson. from new york, cory johnson, and securities managing director who covers yahoo!. we heard more from her about the sales process dan i think we expected to. what is your take? >> we were very surprised. they were very prompt in providing data. these are things we heard on the fringe that yahoo! was not doing. to directly defend the process was positive.

we mentioned that what we want to do is really maximize shareholder value. that's what got investors more interested. she did say we will not hear much more about it from this point on. >> over the past two months, we have spent time with interested participants including some of the most well-known and respected names in the industry. we have been responsive and engaging answering hundreds of questions and requests for information. we have a well-defined and aggressive calendar. in order to preserve the value and integrity of the process, we do not intend to provide future updates or comments on specific details. you are one of many investors advocating for change. are you satisfied with what she had to say? >> if you think about it from her perspective, if things don't

work out later and she is facing she hasolder lawsuit, to have a trail that shows that she publicly stated that they were doing everything they could do. what she said it does not square with comments i have heard and people i have spoken with that have knowledge about the bidders that have engaged in the process. emily: we have heard that they are setting the stage for a proxy fight. they are considering not replacing the entire board but some of the board. how much good that cost them? i think it's about the size but more importantly, yahoo! has some very advanced

plan. even though they are very far down the road, they may not execute it. if the bidding is going poorly, maybe they won't sell those assets. i think starwood would not want them to do that either. investors would be livid. i expect them to pursue this with gusto. noily: they are loading some trategic assets. that saido another nobody cares about the fundamentals of the business right now. would you go that? >> it has been structurally in decline for a long time.

there is value of yahoo! being part of a bigger organization. this is a small fish that really has been overrun by google and facebook. i think yahoo! should -- i think it can have a lot more value, a lot more synergy from a revenue perspective. i think it would be a win-win for everyone. yp, and tpg.n, what is the best case scenario at this point? head andk verizon's shoulders above those on that list. as a't really see yp serious contender for the same incon dalily mail or time

would have the resources to make a full bid for this company. prime equity is interesting and from an amusement point of view, i would be interested in s eeing them succeed. they could get a chance at buying this business back from marissa. the most resources to throw at yahoo! if they want it. getting the most value, they are the most cost synergies there. emily: we will continue to watch this story. eric jackson, managing director. our editor at large, cory johnson. thank you all. coming up, as technology becomes highly automated, what will the future of work look like? we will sit down with leading innovation expert alex ross next. ♪

emily: two tech stocks on the move. ibm slumping the most after forecasting second-quarter profit. seen as a sign, the efforts to lead in the cloud and artificial intelligence are not stopping a four-year sales slump. ebay citingso, signs of weakness and increased competition from amazon. will technology and automation disrupt industry as we know it? with driverless cars and chatterbox with things humans normally do. or are we looking at a future of higher unemployment. it is known as universal basic income. they would receive a monthly cash grant. they are funding research on the subject.

another has been a long-term proponent of the issue. it is on a basic income bill next year. what will the future of work look like. also formerly senior advisor of the state department. you have thought about this, so what is the verdict? technology and automation change the employment outlook and in what industries? will change the employment outlook pretty significantly and pretty much in all industries. they end up utopian, everything will be ok or dystopian with eyes closed. the reality is much more of the middle. labor in the united states, the labor markets will remain strong. it will require some difficult pivots. there are segments of the

american working class for whom i think it will be especially tough. thate who have done work is largely manual and routine, it will be increasingly eliminated. transportation. if you think about things like autonomous vehicles, you're talking about literally the number one source of employment for men in the united states. think about men without college degrees, it is far and away number one. emily: some say driverless cars are happening soon. let's take driverless cars out of it for a second and think about in general the combination of artificial intelligence and robotics. we are at the beginning of the next wave of automation.

it largely replaced labor working in sports factories. just doing labor there was manual. it is also cognitive and nonroutine. people go to work wearing pinstripe -- pinstripe suits. it is already happening. we will lose a few million jobs over the next couple years. are we actually at the do wearter cities? exported to the rest of the world? is the source of growth and tension elsewhere -- will it hit us altogether? emily: what about a universal basic where everybody gets a fixed sum of money a month? >> it is good that people are talking about this. give albert and sam credit for thinking about it.

the last major expansion of an entitlement program we had was obamacare. and people went bananas. isniversal basic income obamacare times 50. it is good that coastal elites are starting to study this. they were also supportive of obama care. if you look at the angry reaction to obama care, multiply that by 50 and you have what the response to a universal basic income would be. emily: is it completely unrealistic? next 10 years, it is. as we simultaneously have an economy that produces more billionaires, more super wealthy people along with higher structural unemployment, perhaps the resistance to such a thing goes down. but it will take a while. work for hillary

clinton and you continue to support her but income inequality has become a huge issue. what does hillary think about this issue? alec: it is why she is running for president. emily: wishy support universal basic income? alec: i think she supports safety net expansion which this is a type of. inping the programs we have place from being gutted by the political far right. to bek there is offense done but first, she has to play defense. what about the left? are you surprised by the continued momentum of bernie sanders? alec: i am. if you had told me a year and a half or two years ago that three of the four remaining candidates -- towoe to fastest - t

fascists and a socialist, i would think that was crazy. but to understand where their support comes from and understand why people are supporting fascists or why people are supporting a socialist. very interested to see how the election continues to play out. thank you for joining us, as always. author of "industries of the future." a new york times best seller. we are focused on fireworks on capitol hill as the fight between apple and the government continues. will it help or hurt the relationship between silicon valley and washington? ♪

>> you are watching bloomberg west. let's check with the news. north korea's warfare potential is being strengthened by

organized cyber attack capabilities. nhis is according to the ma nominated to lead the offensive and he described an offensive capability against kim jung un. a russianes after warplanes flew within 50 feet of a missile destroyer. of dollars thousands in supplies to ecuador, as they deal with tens of thousands of people displaced by a powerful earthquake that left more than 400 dead and 4000 injured. the united nations is holding its first session on global drug policy in nearly 20 years. prior to the start of the meeting, hundreds, including politicians and rock stars, wrote an open letter that said

that the war on drugs failed. announced a victory speech to the communist party. he said that he would die soon and he encouraged them to help his ideas survive. he spoke as the government announced that his brother will retain the top post. global news, 24 hours a day, powered by our journalists around the world. mark crumpton. i'm joined by paul allen with a look at the markets. good morning. another reasonable read from wall street and they are looking flat. we expect gains in the nikkei and asx.

ofare looking at a surplus 7.6 billion dollars expected to improve on the $2.2 billion. to weighpecting this on imports. we're watching shares at the world's biggest mining company, which just released figures. ore company had a slight miss. it may be helped by numbers overnight. we will watch these as we get under way. , bloombergllen for tv in sydney australia -- for bloomberg tv in sydney, australia. a fight between apple and the fbi over the use of

encryption's has moved from courts to capitol hill. before aatives spoke committee today and the fbi defended the usage of a third-party to crack the cell phone. put to rest questions about request from the chinese government. here is the general counsel. >> we have now provided source code to the chinese. we did not have a key that we threw away. we have not announced that we would apply pass code encryption to the next generation icloud. i want to be clear on that. we heard allegations that have no merit. whoy: i caught up with tim, called for the hearing. i asked if he was satisfied. havei am not sure that we solid conclusions. they have made it clear that they need a mechanism to track down the bad guys, whether

terrorists who are planning criminals, child predators, murderers, who may use computers and cell phones to message to collect child pornography. they made it very clear that they need help and the community did not offer a solution, except to say, look at the wonderful things we do. it would be wonderful to use a cell phone or a pad. we want that encrypted and we need that encrypted. when it comes time to dealing in ourngers with life world today, they did not have many things to offer and it is still an area we have to work on. emily: do you think the tech community needs to make more compromises? >> they need solutions. what if there is a solution of

-- situation with a child predator? they don't answer my question. after all this, i say, you give a fastening argument and i do not know what you talk about when you talk about solving this problem. they have to work something out. a middleen it comes to ground, apple says that there is no middle ground and the government obviously wants to find one. everybody says, form a commission. will a commission find a solution to a problem this complicated? worthycommittee we have thestigating -- were investigating committee and we want someone to come up with an idea and appellees to take some responsibility, as do other companies. did notthat facebook

show up to this hearing. up and sayo step that they recognize this is an ethical issue. we understand, for the sake of the customers, they want to maintain the encryption. there are times when the safety of society and family members need to be something we pay attention to. they cannot walk away from that and say it is not a problem. it is. it is the same as having a faulty lock on a building. they cannot just walk away and say it is someone else's problem. we want them to understand that this is a question that we all have to deal with. emily: the company say that any backdoor is a backdoor to bad guys. what does the middle ground look like to you? what does a solution look like? >> what is amazing to me is that you have people who get paid

salaries and do work for a incredible, the amazing technology they have, that increase every month and they figure out a solution and say, it is not on my resume. these are brilliant minds. come together and figure out a way to have this. most people have a key. there could be solutions to this. i do not think the answer is to say, we are ignorant of how to do this. these are smart people. let's get them to work on this. emily: what is your view on this would force companies to help in these situations? >> what is going to happen is, in a situation where we ask them to use their genius and talent to help us find a solution, they do not have to worry about crime and ethics and issues of saving

lives. that is not what they get paid to do. but, if they do not come up with a solution, a solution will be imposed upon them. tech companies need to say, we have an ethical obligation and we are on this planet together, doing things together. that is what we want them to understand, the greater good they need to focus on. if they are not going to help, i think bills like feinstein's will have legs going forward. i think this is what we have to think of it. emily: tim murphy on the apple encryption hearing earlier. hired a viceas president to work on the electric car initiative. they did not specify where they got the information.

becomes the most senior "car guy." apple has never confirmed that they are developing a car. they are putting robotics to work on the project. we are watching lexmark. they are being acquired. all-cash deal that comes in at $3.6 billion. the merger was approved by chinese regulators. we will continue to bring you all the headlines. to break, check out the shares of netflix. they are feeling pain after they told the investors to expect weaker subscriber growth. for 3.5 million new customers.

♪

>> despite the advancements, cancer treatments come down to basic approaches. sam talks to a doctor who thinks he has found a new way to fight defensesing the body's . >> we have had effective ways to treat cancer over the last 100 years -- surgery, radiation therapy, chemotherapy. applications,st people who die of cancer number 580,000 every year. we need additional ways to treat cancer and we have been

developing immunotherapy as a way to join radiation and chemotherapy. rosenberg.dr. he has had a pristiq is career. just -- prestigious career. there is a new way to make surgery obsolete. >> immunotherapy does not use a scalpel or external forces on the body. it attempts to modify the immune system to fight cancer. the body's natural defenses protects against foreign invaders. the body recognizes cancer as foreign, but not a strong enough

reaction to eliminate those cancers. when i started working, there was no effective therapy and the was inherapy developed 1976. 66 over the course of many years to find the best way to stimulate the immune system. died.secutive patients linda is now alive, 30 years later. she had widespread melanoma. she was the first of many to show a response to immunotherapy. >> it proved the idea could

work. he and his team have spent the last 30 years trying to improve the treatment. recently, they had a breakthrough with genetic engineering. and can take immune cells reprogram them to fight cancer. warriors isolate the genes body and introduce to give them a property that recognizes and destroys cancer. foran expand those patients. >> dr. rosenberg has had success with this treatment and it has caused regression in 70% of lymphoma patients in trials. that an exciting moment dr. rosenberg has pioneered and

it has taken over 40 years for him to get to this point. he is the first to say that any talk of a cure is a way off. >> the problem is that it does not always work. it works less well than blood cell tumors. commonlooking at the in the:, ovaries, and prostates. until we can apply the treatment to all, there is plenty of work to be done. sam joins us now from new york. along our way to this being used outside of small trials and on a bigger scale?

it issked rosenberg and still experimental. its.g closer to we're looking at a matter of years. something more than that year. next 4-8 years, we will see this there p used more widely. -- this therapy used more widely. emily: immunotherapy targeted towards cancer united competing institutions. how many different scientists are looking at this kind of therapy and treatment in particular? sam: it is the most promising approach we have found to battle cancer. there are endeavors underway at general.kins and mass it has been picked up by the

community as a way forward. nobody has found anything better and the results have been promising. emily: what about the other kinds of cancers? cancer?ancer, lung >> it has proven effective with soft cancers of the blood and lymph nodes. the solid cancers, the breast cancer, prostate, they have yet to be fully addressed by immunotherapy and that is the next frontier for this technology. all right. great piece. thank you so much for joining us. month was the hottest march in 137 years of record company -- of record-keeping. this is the 11th the straight

month that we have seen a new record set. we will see a new annual record four months into the year and gavin schmidt is out with a prediction. he estimates that it is a han 99% chance of a new record in 2016. 15 of the 16 hottest years ever measured have happened in this sense is -- in this century. coming up, more antitrust charges and penalties they will be looking at. we will bring you all the details next. ♪

>> david boyd is defending the ceo and says that she has the scientific skills to read the start up, despite the investigations.

ranos wasint, there using just a few drops of blood. there are reports that technology may not work and they have failed to provide the data to prove this, so far. underscore new from antitrust authorities for the smartphone business. to brings are expected charges on wednesday that could force google to change the way they preload the search engine on phones. analysts say it will be harder for them to make money off of advertisements. they say the concern is that, by users tog decide what they will load, google may limit a way -- can you put this investigation

into context for us in the context of other cases? the competition commissioner has been aggressive on these issues. >> yes. really. this contrasts with previous charges against google by her, which were more narrow and related to the search function operation and the allegation that it favors comparative shopping results. what they are looking at is the on that they do business smartphones and tablets, alleging that google unlawfully bundles desirable apps and blocks out competitors and andles innovations for apps operating systems. ahead ofspoke with

android about this case and he says that he thinks that the regulators are confused. take a listen. >> we think that there is a lot of confusion with how this works and it is a new type of ecosystem that did not exist before where manufacturers customize their own product. uyingisn't the eu b this argument? >> they stay abreast of the changes and with the times. at the end of the day, they are that abuse the dominant position and they see android with a high percentage of market shares and most phones using the system. you know, they see possible

abuse of that position and the stifling of competition and the stifling of other technological innovations and that is what they are focused on. emily: what are the possible penalties here and what could google be looking at? >> we always see the top ceiling, which could be a fine. it rarely happens. it is the outer limit and the eu has never gone that far. neelieve that the intel fi was for the abuse of a dominant position and it ended up being revenue. of less thanine google 10% or asked them to unbundle. watch for charges as early as tomorrow.

thank you so much for the update. >> thank you. emily: time to find out who is having the best day ever. today, we are feeling the bern. according to silicon valley, frome is feeling the bern silicon valley. to bernie donated gle the, making goo number one employer for bernie sanders donors. google is not alone. 4 of the top 5 employers who donate our tech industry giants. ♪

>> from our studios in new york city, this is charlie rose. charlie: anderson cooper and gloria vanderbilt are here. that exploresmoir the relationship and the love and loss they have experienced. the collaboration is called frank and tender. there is a documentary on the same subject. here is a trailer from "nothing left unsaid." >>