on a video that appeared on her twitter account. president obama: i am with her. i am fired up. i cannot wait to get out and campaign for hillary. mark: they will campaign together next week in green bay, wisconsin. this endorsement followed the presidents meeting with bernie sanders. trump responded to the endorsement saying -- obama just endorsed crooked hillary. he wants four more years of obama and no one else does. the associated press sites two oficials saying that -- two -- political opponents are speaking out against brexit. john major and tony blair warned leaving the european union could jeopardize the unity of the u.k. and threaten peace in northern ireland.

global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . "bloomberg west" is next. ♪ emily: i am emily chang and this ." the rise ofwest the machine. a robot revolution is headed towards us and tech will replace 80% of what doctors do. we will have a series on man versus machine. uber switches gears after announcing it had no plans in the pipeline to offer scheduled rides. they can now book 30 days in advance. prepares for takeoff.

the lid is off the googles cofounder's pet project. we have the details of his flying car. to our lead. replace up tol 80% of physicians, what physicians do in the near future. this is according to billionaire investor the note coast of. and cofounder of sun microsystems. i sat down with him at the future mobile conference earlier today for an exclusive interview and asked him to explain that prediction. vinod: i wrote in 2014 a blog. it basically said -- more than 50% of all jobs that exist today will be dislocated in 40 years, roughly. 40% of 80% of the jobs, i do not know. past could not replace human judgment and now, we will.

is a stunning example of what people would say machines can do. and alpha go did. int is how it was described a post i wrote about. it could not be done computationally and with brute force power. that was different. that is what is different about the new ai. and moremuch better reliable predictions. it will be really good for society. it will mean great gdp growth, great wealth creation. we will have income disparity and we will have to address that. 50% of jobs are replaced with technology, will the same amount of jobs be created? vinod: i think it is somewhat unlikely. emily: more jobs will be

destroyed then created. vinod: for the first time, we may have technologies that just write more jobs than create. economists are not qualified to judge what ai technology can do just like a doctor commenting on my comment is not qualified to say what a software system 20 years from now can do. or completely clueless. in fact, the go champion was clueless about what alpha go to do a week before the go match. and so, experts are the wrong people to ask when the changes are coming from outside the system. generally. think that there is a significant probability that jobs will be disrupted and disruption is good for somebody and really bad for other people. especially for the people being disrupted. i think we will have to say come

capitalism will have to do more than optimized for efficiency. it will have to optimize for efficiency and fairness at the same time. they: you talk about importance of founder led companies and the power they have. if you think about the big tech knowledge he companies, and the most powerful companies of today, google, apple, facebook, and amazon. one of those companies is no longer led by a founder. how much innovation is left at apple? vinod: big companies without founders have a very hard time. they do the sensible things. innovation do not go together. if you are reasonable and a good manager and a good process person that can deliver things on time and on schedule, you are the kind of person that is essential to delivering goods,

but disruptive to real innovation. you kill it. founder led companies, larry page is an example, keeps innovating. he does some crazy things. introducing hardware? not going to do its own kindle or its own amazon echo. oft jeff is trying all kinds things. i think founders have personality traits that are unreasonable and maladjusted and that leads to innovation. an-founder led companies have much harder time. it is too early to say what apple can do. i hope i am wrong. but clearly, the big companies generally, especially outside of tech, have a hard time innovating. emily: jeff bezos made a big in -- investment in india, $3 billion.

can india charge forward in the technological revolution? or will there be insurmountable hurdles that will continue to hold the country back? a veryi think jeff is smart guy. i would not bet against him. he studies the problem quantitatively, every single time. he is not an emotional person. he is very quantitative and how he looks at things. even when he started selling of 50 he made an analysis different categories. i remember him talking about this in 1996 on wide books would be the first and best starting point. when jeff says he is going to invest in india, and he has spent more time on e-commerce in india, i completely believe he is doing a smart thing. i do not think it is without risk. but it is risk adjusted. it is probably a very smart that

he is making. 10hink if you're talking years, india will be a great market. emily: there is a lot of talk about the environment bubble evaluations. what would you write about that? vinod: my beef with that is that it was written in response to all of the press about private valuations and markdowns. it is silly to write an article about a company like uber or dropbox or airbnb that someone at fidelity marks down. the recent chase where they a monthlydown on basis and then marked it up again. if these companies were public, their stock prices would go up and down every single day. if they go up and down in the private market, why are the they news -- why are they news? the press needs headlines to

write about and they do. that to me, it is a silly issue. smart founders, on the other hand, should care about valuations. they get a great valuation, they should take it. have enough money. when valuations come down, they should resume. when money is freely available, it tot founder uses reduce the marketing risk or a product risk or some other risks. emily: you have been publicly supportive of the best peter thiel -- peter thiel. you tweeted about this a number of times. one of those tweets -- journalists need to be taught lessons. where do you draw the line when it comes to freedom of the press

and the criticism? vinod: the definition of what the press is, is very ambiguous now. bloomberg journalist the same as a hustler magazine journalist? is a blog post or and in --a poster at -- is a blog journalist? things that are two matter. anything that goes without checks and balances will go off kilter. if there are no checks and balances, there are people like walker, and buzzfeed -- they resort to a style of journalist that makes the new york times standards reduce its of journalism. clearly, the media has been under stress. but what i have seen is the fact

checking out of the new york --es has gone way down since compared to 10 years ago. i don't blame them. they are chasing the instant news idea. what bothers me is when the new york times starts chasing what denton calls scraps. their standards. checks and balances on people are really important and the role.plays an important if you ruin the quality of the press, that is a real problem. freedom of the press is important that the quality of the press is important. i also think the diversity of the press is important. i care about what walker has done to the new york times. i would like to say that the new york times has gone from all of the news fit to print to all of the news that we want to print that we can get out immediately. that is a problem. emily: the venture capital industry has been under pressure

for not hiring a enough women and minorities. i'm wondering what your position is on this? how important is that to you and how hard are you looking to change that? vinod: here is what i would say. so i careee daughters a lot about diversity. i think it is happening slowly, a little too slowly and it needs to happen more fast. i think the way to solve the more women into tech and engineering kinds of positions at the ground level so that 10 years later they can be a bigger part of the start up in the venture work. emily: my conversation there with the note coast up. -- vinod khosta. tom perkins died tuesday according to his longtime assistant. venturecofounded the capital firm that bears his name. and popularized the model of

giving a small amount of money to startups and helping them grow. the firm went on to fund google, amazon, and genetics. early 1990's the but he will be remembered for controversial views that he has shared since. wrote an op-edhe in the wall street journal. released akins statement at the time saying they were shocked by his comments and did not agree. the next day, he came onto this program to apologize. he offered his own theory on how to combat income inequality. solution is the less interference. lower taxes. let the rich do what the rich do which is get richer and along the way, they bring everyone else with them when the system is working. emily: you are a multimillionaire. perkins: i am not a

billionaire. i have created some billionaires and i am not one. emily: you have owned fancy yachts and cars and underwater submersibles. underwater -- tom perkins: and underwater airplane. emily: are you divorced from reality? perkins: i don't know if anyone can answer that, truthfully. i don't think so. just: the other cofounders released this statement on his passing -- tom was a pioneer in the venture capital industry. he defined on-chip aerial venture capital. going beyond just funding to helping entrepreneurs realize their vision with operating expertise. he was there at the start of the i/o industry. he was our partner and friend and we will miss him.

♪

the stingr is feeling of a french criminal court. the service and two of its executives were fine 960 thousand dollars for the cooper pop service. this is the first to conviction in france. say they eatutors legally and driver's license to offer cab like services. new is rolling out a scheduling feature which would allow riders to book rise 30 days in advance. it will begin in seattle on thursday before expanding to

other cities. this is a turnaround. here is the ceo talking about the subject in september. >> some people still want to schedule rides. they want to know where the scheduling interface is. we say we want to be so reliable that you do not have to schedule one. but they say -- they want a schedule. did you take a shower this morning? and they say yes. and i asked if they scheduled a shower. we want to be that surprising. at some point, that will not be surprising. emily: joining me now is uber's global experience director, tom. why and how did travis change his mind? >> when of the voices that speaks most loudly is the voice of the rider. time and again, writers have said they would like the ability to schedule rise. one thing we figured out how to do is to create a scheduling ride service for writers that

build on top of our on-demand platform. that is what we are starting today. we listened to our customers. you your writers tell something again and again, we say -- we hear you. intellectually, everyone understands that there are numbers available. emotionally, if you have that early morning ride to the airport you sleep better knowing it is taken care of. it is something we are excited to relapse. about this excited because of that emotional reaction. lyft started testing this earlier before you announced this. >> we have been working on this for quite a while. this is something travis has been talking about. this is not new to us. we have been working on getting it exactly right so it is extremely reliable. emily: how much additional business will this spring? -- will this spring?

bring? >> we think this will be huge. things like airport trips and busy executives that have a meeting that ends at a certain time, they will be using this feature. we cannot put a number on it. emily: in terms of logistics, how do you balance scheduling the right -- say a rider -- say a schedule --? >> from the rider's perspective, this is a scheduled ride. the car will show up when you set the request for. run the network perspective in the driver's perspective, this is like any other ride. our system manages your right request and distributing it to the right nearby driver at the perfect moment. drivers do not know this is a scheduled ride. emily: there is no idle time. >> as travis said, everything is

about efficiency of the system. for us, the way to keep this up our technologyr to get good at dispatching the right driver at the right moment. emily: what happens if there are not a lot of drivers in that very moment or the drivers are far away? how do you make sure you do not miss the scheduled ride? any giventhink about city, there may not be a driver in any given block, but there are drivers in the city. our system makes it -- makes sure you have a driver when you need it. you think about that in terms of competition? >> competition is great for riders and drivers. i am not the right one to talk about this but like everyone else, we listened to our customers and think about what is the best thing that we can do

for them. emily: in terms of listening to your customers -- it is interesting. i was just speaking to vinod, and he said the customer is not always right. but what are some things you are thinking about? you mentionng drivers. drivers are an important customer of ours. this week, we launched another big feature that was directly requested by our driver community. it is called -- driver destination. when they are ready to go home, say -- i am ready to go home, please only give me a ride heading in my general direction. that is a feature that we rolled out. we had not originally intended to do this but because of our driver feedback, we built that

feature. emily: what is it like working at uber? >> it is awesome. the speed with which we launch is impressive. emily: thank you so much for joining us today. on bloomberg west. -- it is, it is a bird a plane -- it is a car. we dive into the project of driverless planes. that is coming up next. ♪

emily: a story we are watching -- do not expect an acquisition of spotify anytime soon. never sells he will out to a u.s. tech company. he told reporters in stockholm, that entrepreneurs that sell their businesses is what is holding back the tech sector. what he is referencing is king -- all of these could

grow big if the founders did not sell. next, the former head of google plus explains why med tech made sense after google and how vinod khosta convinced him to take the job. of "bloomberg west" is next. ♪

mark: let us begin with a check of your first word news. president obama today endorsed hillary clinton. in move that was expected after her victories in the new jersey

and california primaries. they will campaign together in green bay, wisconsin. the president held a private white house meeting with bernie sanders. he did not endorse hillary clinton but said he would work trump fromald becoming president. paul ryan has unveiled a national security part of the republicans agenda. his plan calls for increasing military strength and taking the fight to wrigley to islamic terrorist and securing the nation's borders. the house has passed a rescue package to help ease puerto rico's financial crisis and bring relief to the territory. 297-197.s vote was the measure heads to the senate with three weeks until puerto rico has to make a $2 billion debt payment. the secretary-general has time is not right for new peace talks on syria but failure to get a serious agreement soon could result in an escalation of violence. he told reporters at u.n. headquarters -- we do not want

to have talks for the sake of talks. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . i am mark crumpton. p.m.,just after 6:30 thursday in new york. paul allen has a look at the markets. u.s. stocks a little weaker and we are seeing that weakness translate into futures on both the nikkei and here in australia on the afx. it looks like a week and to the week. is in newight spot zealand. currently up 3%. this is on news that they will sell their stake in virgin australia. a good price they are getting -- 230 three cents on the share. they are very diversified and tightly held the group that already has investments in

another air company. another company will buy super cell from soft bank. it is the app maker behind the clash of clans. tos deal could be worth up $9 billion. it would continue the strategy of unloading assets. of theirem get rid stake in alibaba a few weeks ago. pbi toexpecting japanese move into positive territory. -- .1%.o emily: longtime tech executive at googleseven years

working on google maps and google reader. 15 years prior, he worked at microsoft. leads aoved on and medical device company. it came with a persistent request of one of the firms backers, vinod khosta. called me about 30 times. he was relentless. it got so regular, friday night at 7:00, my wife would see the phone ringing and she would say -- i know that is vinod. do not answer that. [laughter] he was relentless. i wanted to do something that really mattered. and when i came across this company, it had a big emotional effect on me. heart disease is the number one killer of men and women. more women die of heart disease, three times more than breast cancer. to be working with a company

that is building a product that arrhythmia ind your heart and do it in the privacy of your own home in 30 seconds, that is pretty impactful. the way the company is doing it through machine learning, i am passionate about that. it drew me. i knew it was an opportunity i had to take. emily: there are a lot of medical device companies out there that are trying to be the monitor for your heart rate. what makes yours stand out? >> we do and electrocardiogram. that is something that is regulated by the fda. it is a very important measure of your physiology and can detect a number of life-threatening issues. one third of all strokes are due to the relation. we view the sba as a partner -- the fda as a partner.

we worked the clinical valuation to get their support. others do not go through the same rigor that we do. we had up to 71 peer-reviewed clinical studies that referenced our products. emily: who is using this? >> today, half the people that buy this product, by you because their cardiologist recommended it. they had some concern about their hearts. in my case, i had family history. my father had multiple issues. i wanted to be aware. i carry it with me to monitor how my heart is changing over time. other people buy it because they were diagnosed with a heart issue. one of my favorite stories is people say -- i do not feel well but when i see my cardiologist and they do and ekg, it is normal. andi bought your device later when i was at my kids

soccer game, i did a check and they caught my if the relation. fory: you worked at google so many years. you moved to medical devices. cann software, you experiment and push out a build overnight. we could add a change to google maps and go to 100 million people in a day. in the field of medicine, you don't move that quickly. you were talking about people's lives. you move as fast as you can. that has been the biggest change for me. learning that the medical establishment has to be careful. we are not talking about a smart phone apps but people's health. emily: a facebook employee, antonio garcia recently wrote that when google plus launched, mark zuckerberg waged a war on google plus. what do you think about that piece? >> i did not read that particular piece but i think

that the valley is filled with companies trying to do innovative things. oftentimes in the same space and i think that is healthy. you don't want just one electric car company. you want many. it is better for consumers. i don't think big companies should stop competing in the same space. that should continue and they make for great articles. emily: when you reflect on what happened at google plus. what is your take away? >> when i look back at my time on the windows team or the google maps team or the google plus team, what i can't remember most are the people i worked with. those teams were filled with some of the most amazing people -- people i will not forget for the rest of my life. you forget about the technologies, that you never forget the people. when i look at, i remember them. emily: is it possible to disrupt facebook? think mark zuckerberg is

doing an incredible job of execution. i use facebook every day and the innovation he is driving is quite extraordinary. vic was with us. imagine dr. having the ability to pinpoint a life-threatening infection with a blood test in just a matter of hours instead of several days. we will pick up the biotech beat with one company working on just that. tomorrow, do not miss european central blank -- european central bank head. more of "bloomberg west" continues next. ♪

emily: turning now to

breakthroughs in one corner of the biotech fear. one of the most expensive and deadly as conditions in the u.s. is sepsis. it can cost more than $20 billion and kills more than 20,000 people a year. for every hour it goes undiagnosed, chances of mortality increased by 8%. fda new company has an approved test that can work in hours. john mcdonough is with us. thank you for joining us. explain how this test works. john: this -- the technology comes out of m.i.t.. we have developed a whole new diagnostic dissection method -- anan detect and it's infection in a blood sample. prior to this, the only way to detect an infection would be through a culture.

culturee blood, they for several days to grow the cells. would have some of this deadly infection. -- test can emily: we are having some technical difficulties. we are ok now. what other diseases could this be used for? >> you several products in development. the rapid detection of lyme disease. go completelys undetected and when that happens, a patient will suffer months if not years of long-term neurological defects. the issue with lyme disease -- it is caused either bacteria in

the blood stream. it comes from eight to bite. it is at a low level -- it comes from a kick bite. -- tick bite. we detect the bacterial cells in the blood. emily: could this be used to test for zika? >> it good. we have the ability to detect viruses and other pathogens of all types. emily: shares of your company are down 50% in the last year. why is that happening? think the diagnostic space generally speaking is down about 50%. -- we are a part of the diagnostic industry. most of the concerns with diagnostic companies are related to reimbursement. fortunately, for us, we are not impacted by those reimburse turn

-- funds. what about the other diseases? be impacted with those but the products in the marketplace today, we save hospitals money, rita five times what we charge them for our product. emily: you are trying to decrease the time the tests take your is part of what competitor is doing but for a range of things. >> there are a bunch of things that make us different. place instruments in hospitals. our tests are run in the hospitals. we do not run the tests. in order to get a rapid turnaround time, every hour really matters for patients, you really need to run the test in the hospital and not send it to a central lab. hospital therefore controls the whole testing process. accuracy, the the

results and the decisions related. emily: is this possible what they are trying to do? >> i don't know enough about them honestly to be able to answer. there are a lot of people focused on that know that at her than i do. what we are doing which is different is that we have a new diagnostic detection method. patents50 different behind what we are doing. what we are doing is based on sound and thorough science. datave publications of which is -- which has been reviewed by peers. the most exciting thing for us is that we are seeing the impact. we are seeing patients being detected that would have been missed by blood culture. blood culture misses about 50% of the infections and we detect 96%. we believe we are making the

difference in saving the lives of patients. sepsis is huge on that. emily: thank you so much for joining us on the show. a story we have been following -- amazon is jumping into one of the world most cutthroat grocery markets -- the u.k.. it will start delivery service to prime members in london. the first time it has been offered outside of the u.s. it will test the strategy of sacrificing profits and keeping prices low to build the customer base. heading out of shanghai, the newest disney themed park opens next week. the company also plans to produce disney films in the region. we sit down with bob iger and ask about the future of the movie industry in china and possible joint venture partners. >> we have a lot of development

activity right now to make movies in -- and disney branded films in china. >> can you tell us which partners you are looking at to work with here in china? >> i am not able to only because i am not 100% certain what we have said publicly and what we have not about that. along in thisr process including developing ands, concepts four films identifying talent already to make those films. >> can you give us some clarity on the timeline? >> shortly. >> within a year? >> we will not have a movie released within a year, but within the year we will have a movie in production. emily: that was bob iger. bloomberg's tom mackenzie. howell larry page plans to change your morning commute by looking to the skies.

that is next. ♪

is bringing back a less expensive version of its sedan. it will be known as the model x 60 and will go for $60,000 before tax credits. the previous model was disc it -- was discontinued lasted gear. the move is and not to customers who have expressed interest in the model that needed a more affordable price. the $35,000 car, model three

will not ship until late next year but it already has more than 370,000 orders for it. silicon valley is serious. atious about flying cars least if larry page has anything to do with it. the plans were revealed. it took a long time to break this story. you are working on it for a long time. larry page has kept this a total secret. >> a couple of years ago, we started hearing about one of these companies down in mountain view. there were reports that google was involved. i business week colleague both have tremendous interest in this sort of geekery. we were drawn to this. science fiction has been talking about flying cars for decades including the jetsons, the fifth element. more than california has been a for flying car

enthusiasts. back in the 1990's, there was a flying car prototype that was all -- at all of the events. we followed the aero. more recently, we have heard that it was not google but larry page privately. this through a separate company. it is called kitty hawk. eventually, we broadened the investigation. there are about a dozen companies working on this including airbus. emily: tell me about the arrangement. there were so many things done to keep this a total secret. people were worked there were given cards with ideas on how to deflect questions from reporters. >> these are stealth companies. larry -- i would put him in the same bucket as jeff bezos or elon musk with spacex.

working on applying their dramatic fortunes to solving some of the world problems and create a new transportation system. we know larry page is passionate about that but he seems to be more shy and his friends in the billionaire club. he did not want this to come out. you cannot blame him. right? it seems a little ridiculous until you realize that a electric motors, lightweight material, autonomous navigation systems -- all of these have developed to make this feasible. emily: how close are we to seeing this in our lifetime? >> i do think it is possible. there is a long ways to go. regulatory discussion. this has to be safer it then safe. unlike autonomous cars, you do not have road conditions, traffic congestion, random verio like pedestrians. ansome ways may be, it is

easier problem to solve the but you do still have gravity. there is still a lot of work to do to make it safe and increase the efficiency of electric motors. emily: where are they now? how far along are they now? >> we visited a company in santa cruz. they think they will have a prototype flying this year. this is a separate company. the first larry page backed company is flying one of its prototypes at the hollister airport about an hour from here. kitty hawk has regulatory people on staff. they are already having conversations with the faa. emily: what is the difference between a flying car and an airplane? >> what we are really talking about is personal, electric, autonomous aircraft. something that would fit a family. a car like sudan that can take to the skies. the conventional thinking is

that you would drive it out of your garage and take off. what we are talking about here is vertical takeoff and landing. that the the osprey navy spends a lot of money for. they take off vertically. then they tilt and move forward and then they land vertically also. emily: such a great piece. on the cover of bloomberg business. thank you so much for stopping by to tell us all about it. finally, one story we are seeking -- geeking out about. who better to play elizabeth holmes then jennifer lawrence. the details of the upcoming drama on the scandalized blood testing start up. this will be one of mckay's an oscarfor winning for the big short last year. that does it for this edition of "bloomberg west"

join us for our conversation with meg whitman. the -- will will be be on this weekend. ♪

♪ from our studios in new york city, this is "charlie rose." al: good evening. i'm al hunt filling in for charlie rose who is on assignment. we begin with politics. donald trump and hillary clinton barring some unforeseeable act will face off in the general election. clinton won a big victory in california. she will be the first woman presidential candidate of a major political party. ms. clinton: it may be hard to see