>> let's start with the check of your news. president obama is in orlando today, comforting the survivors in the family of the victims from the nightclub at massacre. president obama: they are part of our family, the american family. today, vice president biden and i told them, on behalf of the american people, that our hearts are broken too. reporter: the president also pleaded for congress to consider gun control measures. u.k. police say a british member of parliament has died after being attacked. the labour party's jo cox was meeting with constituents in west yorkshire when she was shot twice.

the suspect has been arrested. campaigning has been suspended on the referendum on the european union. egyptian investigators say egypt 's voice recorder has been pulled from the mediterranean sea. the memory unit is intact. the plane crashed with 66 people on board. the centers for disease control says that three babies with birth effects caused by zika have been born in the u.s. the effects were also seen in three other pregnancies that ended. the cdc says 234 pregnant women have been diagnosed with the virus this year. from the bloomberg newsroom i'm , shery ahn. bloomberg west is next. ♪ in for am cory johnson

emily chang and this is , bloomberg west. coming up, oracle's transition to the cloud is accelerating. we will break down the company's cloud fueled q4. plus, the price of bitcoin has gone up 70% in the last three weeks. we will talk to experts. and the cheapest, smallest satellites in the history of aviation are changing the space and game. first, to our lead. a twist in one of the biggest stories. bloomberg has learned before microsoft bid on linkedin, salesforce made a bid. let's bring in our blooms -- bloomberg news reporter sarah , frier joins us. this is really interesting, and it starts to make sense what microsoft saw in linkedin, because salesforce saw the same thing. reporter: and also the price. people were questioning microsoft paying a premium over their current trading, although lower than what linkedin was

trading at six months ago. people were saying there must have been something going on. of course, bloomberg broke on monday that goldman sachs was working with a rival, which is why the linkedin-microsoft deal was handled by morgan stanley. now we know. cory: do we have any sense as to why this bid was turned down? did they not like the people involved? it is interesting the ceo of linkedin will remain in control of linkedin while brought in as a separate company, not fully merged. reporter: that is a thing jeff weiner said that really attracted him about the vision for a linkedin acquisition, that linkedin would continue to operate independently. there is that separation between seattle and san francisco. in this case, we don't know what salesforce was looking for, but linkedin's products tie in pretty well with what salesforce has going on with their customer relationship management and

software. the problem is that salesforce does not quite have the spending power that microsoft does. this could be big for them. cory: i imagine they would have to take on more debt or something. presumably, the price was lower, though we do not know. i wonder further, if we look at the productization, you wonder if microsoft sees a chance to build their own sierra software and compete with salesforce. there is this lead of 465 million profiles. reporter: they absolutely want to leverage the data for analytics and their customers. they want to be able to tell you before you meet someone if -- where they went to college if , they know somebody you know.

and microsoft has a customer base that maybe linkedin has not tapped into yet. all these organizations that use microsoft products internally that may not have had anyone on linkedin accounts. cory: i spoke with a former linkedin executive who put linkedin on the outlook, and it was a four year project. it took that long to get into the sales cycle for microsoft. presumably it will move faster. reporter: that's another thing it will have to deal with, the culture clash between a fast-moving silicon valley company, and microsoft, which is bureaucratic, many might say, in their processes, and has not had the best track record with large acquisitions. cory: put very kindly. next to hewlett-packard, compact, microsoft's acquisitions are almost always a disaster. congratulations on the scoop, a very big story. keeping our heads in the clouds, oracle posted earnings after the bell. fourth-quarter sales, little

change, but profit up 2% and cloud revenue up 49% year-over-year. earnings per share, 4% up. shares for oracle also up in after-hours trading. joining us is rodney nelson in chicago. this idea that salesforce, another company you follow, was looking to buy linkedin. now that we know this is true, injury know what salesforce balance sheet looks like what do , you think of this? anurag: i don't know how much they are going to pay. i have no idea. i will have to go back and look at the balance sheet and look at the cash flow, but it may be very difficult to swallow that number for a company like salesforce. microsoft, we all know, has about $100 billion in cash so it , is easier for them to do this. cory: understated indeed. from a competitive standpoint,

is linkedin such a prize that salesforce needed to keep it away from microsoft? rodney: i think when you look at the data that linkedin can provide, it is an incredible and valuable asset for any company that is leveraged the sales cycle of any enterprise. when you look at the major crm vendors out there, it is microsoft, oracle, and salesforce. salesforce saw the opportunity to enter a rich set of data, and can shorten sales cycles. i think microsoft saw that same dynamic as well, and it does not surprise me that salesforce made a bid, but i would concur that i don't know how they would manage to pay for it without raising a massive amount of debt, although microsoft is obviously doing the same. cory: going back to oracle, when you look at this quarter, they were boasting about the cloud numbers, but with good reason. they are saying the growth may be 70% to 75% next quarter.

that's really impressive. anurag: all of this is very impressive. even though we know there is a lot of global volatility going on in terms of spending, despite that, the cloud numbers are very good. on the call, they said that cloud numbers will be more than the past years. this will showcase a lot more cloud competition. it will be interesting to see how workday and salesforce's bookings will be in the last -- upcoming quarters. cory: the oracle chairman has been speaking on the call. let's get his take he seems to , be taking a shot across the bow. salesforce.com, they just

ware, they are making acquisitions, but they are in the customer experience sales area. they don't compete in the largest category. [indiscernible] and we think that gives us a huge advantage, that our footprint is wider. cory: rodney, the erp focus for oracle is interesting. mark hurd has been talking about this for a while, he went on and on about erp. enterprise resource planning software. oracle thinks this is their great strength to conquer the cloud. rodney: sure, and it makes sense, because that has been their bread-and-butter. they are the market leader in the software. there are a lot of other leaders out there when you mention s.a.p., you mentioned workday, salesforce is not a competitor here. they have a lot of increasing customers attracted to an sap-based environment because of

the cost they can generate, and the amount of internal infrastructure that they can downsize by switching to a software service solution. i think it makes sense that they are having success. the challenge longer term for oracle will be how they handle their database business, which is increasingly under assault from open source solutions. those are solutions that are the fractions of a cost of an oracle database. i think they will have a tough time managing that transition, although i think they are making a lot of strong headway, and i think that is what will carry oracle in the long run. cory: in regards to the products getting increasingly complex, oracle says that is kid stuff, but they are losing market share to some of those companies. anurag: absolutely, no doubt about it, but at the same time, you still see a lot of people

using the oracle database. oracle is doing a fairly smart thing, to move their database to a service, so what they are saying is, we will manage your data in our data centers. if this succeeds and the pace is fast enough they should be able , to fend off the competition from the lower end databases. cory: rodney, is all the dollars that oracle has catalogued a true cloud? rodney: they are generally a true to form cloud business. the infrastructure and service businesses a bit of a misnomer. a lot of the revenues tied up in that business are more like premises data center revenues. it is a misnomer, it is not a business that is growing. to call it infrastructure as a service sounds nice because that is what amazon and microsoft are trying to do, and that is a

large opportunity for those companies, but in reality, oracle is not addressing those same needs in terms of storage for companies looking to leverage cheap infrastructure. i think that is probably part of the business that is a real misnomer. cory: i would say that if they are focused on the kinds of software they are selling, yes, it is not all the storage or compute stuff, but if it is some of the compute that has to run your software and database, that seems cloudy to me. rodney: it is indeed, and i would concur that they are trying to make this database as a solution work. i think there are some challenges that larry would not be able to readily admit in terms of those workloads migrating cleanly and efficiently. furthermore, oracle is not one that is going to come down on price. and you look at all those factors, i think there are challenges until that part of the business can be deemed a true cloud business. cory: interesting.

i like the sap joke, where you said you concur. a little software humor. good to have you both. thanks a lot. chipmaker cavium having its worst day in more than eight years. shares dropping 18%. a bunch of analysts jumped ship, as well. why? on thursday, the company would buy qlogic for $1.6 billion in stock, but investors are confused by the move as well as the timing. share now 25% from april highs. it is described as a slow growth asset at best. coming up, bitcoin prices surging to 70% for three weeks. what is driving that rally? we will break it down. ♪ cory: the price of bitcoin

surging in recent weeks. stock prices hover around it is $750. a 70% move in three weeks, close to an all-time high for bitcoin. what is driving it? i sort of don't care what the price is, but i am curious about the reasons behind this move. what is going on? sonny: i think there are four reasons contributing to the price increase. the first off is china. there is a lot of activity in china. the price run-up happened about a month ago, and that is when china started to devalue and capital controls were going into

effect. people are doing this to get their money into a currency that is not being depreciated. people in china. china has a very big, active bitcoin trading population. you notice a lot of the price swings happen at 10:00 at night east coast time. that's when the price really starts moving. we are having barbecues and all that at that time. that is when it first went up a month ago. cory: we have a chart now, comparing the bitcoin price to the yuan price. if you look at that comparison it's just amazing. , you see the yuan declining over that period of time by 13% and bitcoin up 210%. that's amazing. sonny: bitcoin was up to the dollar last year, too, up 35%. it is a as much as

currency, i will give you that. sonny: the second reason is britain is now, the brexit possibilities are getting more real, and we saw the same thing last year with greece. the price went up with bitcoin again. cory: that's weird, because you have not seen the european bond yields responding with the brexit going to happen. there is more liquidity in european bond than in bitcoin. what does that tell us about who is trading bitcoin and how they have a different view of the world? sonny: exactly right. bitcoin seems to be trading more like gold. gold has been up over the last six months, so bitcoin has been up too. people look at the coin as a safe haven, almost. cory: it seems like a dual trade. sonny: some of that is happening. the third reason is having a bitcoin network. that has been talked about in the news in the last year. cory: having, not having, like a hug.

sonny: come july 10, people think the price will run up. people have known about this for a long time. i talked to one of the largest chinese exchangers last night, and they said a lot of buying is happening for momentum trading. cory: it seems stupid. sonny: a lot of people think this currency is worth a lot of money, so when the price starts running up, people have a fear of missing out. cory: sort of like saying one big potato chip is worth more than two little potato chips. sonny: sort of. and the fourth reason, which i think is a little exciting, is that bitcoin adoption is growing globally. two years ago when the price was over $1000, the bitcoin transactions per day were only worth $50,000. cory: what are those transactions? i have not seen them pop up. sonny: bitpay is one of the largest transaction companies in the world.

two years ago, 70% of our transactions were happening in the united states, now it is reversed. 30% domestic, 70% international. we went live with one of the largest gaming platforms, steam. they went live because they wanted customers in china and brazil that did not have credit cards and wanted to play to pay game -- paid to play games that way. cory: it is that big international usage driving this. sonny: yeah, you see people from venezuela and brazil moving out of their home currency and into the coin. we take bitcoins and give microsoft the currency. microsoft never takes the bitcoin. cory: so it's not as much of a working capital as it is for you guys, i guess. always good to see you.

coming up, more drama at viacom. philippe delmont is moving from the board. and spotify could be moving closer to an ipo. the company's most recent hire. we will be right back. ♪ cory: could spotify be moving

closer to an ipo? paul vogel seems to hint at that. vogel was hired to manage investor relations. he will work under the current cfo. big changes coming at viacom. sumner redstone has moved five members from the board, including ceo philippe dauman. this is the result of the battle raging.

these two men once they as these, but not anymore. lucas joins us from los angeles. why is this happening now and not six months ago? reporter: well, if you look at the way that national amusements has been, they have been very methodical. they have taken multiple steps to slowly cut philippe dauman and other board members, long-time allies of sumner redstone out of their lives. it all started about a month ago when they took philippe and george abrams off the board of national amusements and off a trust that will govern the redstone family's assets. since then, it has been a steady dribble of new statements. fighting back-and-forth in the press. this has been the big one that everybody has been waiting for, taking philippe off the board and changing the board such that national amusements has the vote to change management.

cory: in terms of that, they own 80% of the stock. they have been charging in this direction, but we think this is -- reporter: they seem to be in lockstep. a lot of the statements have been by representatives of sumner. there have been a lot of representatives in this situation, which has prompted the viacom people to say that sumner is being manipulated, but there is no real evidence because nobody can see sumner. cory: exactly. does it matter? reporter: the burden of proof is on viacom and their people. there have been a lot of statements, so on and so forth. those are valid under law. it is up to viacom to prove that he is not making these decisions, that he is being manipulated, and other people are conniving for control of this media environment.

cory: did we know who was on which side until today? did we know these were the directors in the delong -- daumann camp? reporter: the ones that were replaced today are the ones who have worked with philippe and sumner for the longest time. a lot of the ones who stuck around are newer to the board. the surprise was tom dooley, the ceo of viacom. his remaining on the board will only fuel speculation that he will be the next ceo, whether interim or full-time. cory: it's quite a story. this has been a deliberate, kind of slow-moving mess. reporter: and truth be told, these board members have not actually been replaced yet. philippe remains as ceo, the chairman of the board, the other four board members remain. this does not change until a delaware court decides if it is legal. that could be days, weeks until that happens. ?

maybe they will have to save money on catering for the next board meeting. lucas shaw, thank you very much. coming up, how can voice in ai recognition change the app landscape? we'll discuss implications of the biggest headlines. ♪ ?c+sv

grexit top stories this hour, the biggest drop since may, as they increase the odds of britain leaving the eu. japan's four-month low, tracking a rally in the u.s.. oil meanwhile has snapped its longest selloff since february. the finance minister has escalated his concern about a surge in the yen. he addresses what he calls an orderly move in the currency market. before government and doj officials met in tokyo to

exchange information on those comments on the yen's flip from 22 month highs, still in 104 territory. campaign has been suspended after jo cox was shot and stabbed after meeting voters in her yorkshire can agency. she was a committed member of the remain camp, and as amanda shouted britain first before the attack, he was against immigration and britain's membership of the eu. he was arrested. those are the headlines on bloomberg news, powered by over 2400 journalists in 150 bureaus around the world, let's see the latest from the markets now. >> let's take a look at where we are across the sector. it is a fairly good day, with the exception of oil and gas. if you want to do a split, these are the 1000 largest stocks in asia, 600 stocks in the green at the moment.

we are poised for a weekly drop, a two and a half percent rally last week. let's have a look at what is happening in the currency space before the broad story. a lot of these sons continue to unwind of the dollar position, it is a weaker u.s. dollar position. the two day found sterling talked overnight, we about the unfortunate event in the u.k.. the markets interpreting that development here is perhaps a reason to start unwinding some of these short pound positions, pricing up some extent possibility of a brexit. story, theer big

dollar is much weaker compared to levels this morning. 104 to 44. that is the deal so for this friday. ♪ cory: at the app developers' conference earlier this week, there is a renewed focus on the apple watch. the updated operating system is said to provide faster speeds, making it more independent from the iphone. i caught up with lyft cto to talk about him with the new developments. >> from our perspective, we have been able to use new features and functionality for new ways to request a lyft. the first thing they said is to watch os improvement. lyft is now going to be

available this fall on the watch, and you will be able to request a ride with just a tap of a button and actually get real-time updates on your wrist. cory: so drivers had to previously do what? >> pull out your phone, open the app, and request a ride. now the app will be on your watch, and it will be real easy to get updates. cory: what can the os companies do to make it easier for a set of developers? >> create api's to make it easier for developers. the ability to plug into siri has never been available for third parties. the worldly able to use apple releases up until this release coming next fall. cory: how will opening this change of the app game? paul: we are super excited about

siri. voice is really the communication paradigm for the watch. it makes a lot more sense to talk to it than type on it. cory: it is interesting, is complicated, or will it be as simple as a drop-in api? paul: it's pretty straightforward. we are pretty excited about tap and talk as a new standard for messaging on the watch. we have been typing on keyboards, either on a desk and now on our phones, for so long, but now with the watch it is easier to tap and talk. cory: people have different ri.eriences with si it doesn't work that well for me. i was on a boat with a friend, and he just grabbed his phone and yelled at it, call my wife, now! he's used to yelling at people anyway. tell me about glide. ari: glide is a visual messenger

used by millions of people over the world. we are excited about the watch, because what this means for the future of mobile. as soon as this thing is independently connected, it is basically a smartphone on your wrist. the primary use for your phone is asynchronous communication, e-mail, messaging, social networking. cory: the thing called calls, the people of my generation -- ari: i love calls, but most of the time, not practical. that's why video messaging has taken off. glide makes video messaging lightning fast, awesome for groups, and all the videos you receive are stored for free on the cloud, so it does not take up space on your phone. cory: what about snapchat? people are using that for messaging, too. ari: glide is lightning fast and everything is stored to the cloud. also, our messages are 20 times faster than snapchat. cory: that's kind of important.

ari: and 20 times longer. 15 seconds is the longest snap, and glide can be up to five minutes. so you can actually say something. cory: using the watch, is it watch specific only? ari: no. we are really excited about the apple watch. from what i have seen, they sold 15 million apple watches in year one compared to 5 million iphones, so that's three times, and they did three times iphone sales in year two. that tells me we might see 50 million apple watches sold in year two. especially as apple announces a device with internet connectivity, that is a game changer for mobile. cory: what do you think the watch needs to do to get to the next level? ari: great question. i think the tides have turned a little bit in terms of how the press has reacted to the apple

watch this week, and that's because apple's focused on the number one gripe for apple watch users, which is performance. people are satisfied with the battery life, but it is how fast the apps are and how quickly they load. they hit that head-on. i think the next major thing for the watch is independence. as soon as this thing is independent and has an even faster processor, i think we will see the developer ecosystem for the watch take off and disrupt industry in a more profound way than we saw with the iphone. cory: so the battery light will be less, there is a faster chip, so the power consumption could be worse. ari: we will see. apple will find a way to shrink the other components and make way for a larger battery, and it will have even better battery performance. cory: the bigger phones, i feel

like when i go for a run, -- it is like i stole a tv or something. do you think that happens this year? ari: i hope so. you are asking me, i think it will. i think the apple watch 2 will have independent connectivity, and that will be a game changer. cory: so you are putting your company and assets towards developing this thing around the hardware that you don't know will be there. you will fly to the aircraft carrier, hoping it is there. ari: it's my job to skate where the puck is headed. we hired one of the early apple watch engineers last summer. we have quietly been developing something special for the watch. we are really excited about apple watch 2 and what smart watches will mean for developers, and all sorts of user experiences which will get fundamentally disrupted area cory: ari, the ceo of a company called glide.

company based in both palo alto and jerusalem. coming up, mark zuckerberg and priscilla chan made their first investment. we will catch don't forget to up with the ceo to see what he will build. don't forget to tune in later this week. we will give you all the best interviews from this week, including elon musk and steve jurgensen. his thoughts on space on partnership, and are we living in a matrix like simulation? yeah, that's nuts, but this is "bloomberg west." ♪ cory: mark zuckerberg's new

venture is making its first bet.

the chan-zuckerberg initiative announced it will leave a $24 million funding round for a company called andela. the start up trains software developers in africa and gives them full-time roles at international companies. the founder joins us right now. this is really cool. tell me about how this business works. jeremy: exactly as you said, we find genius level young people across africa and give them the exposure and experience they need to operate as team members with top tech companies around the world, facebook, microsoft, google, and dozens of tech startups around the u.s. and africa. cory: tell us about what kind of education these people need to get on board. jeremy: 75% of andela fellows

actually come with a background in cs or electrical engineering. but we are focused on really is, how do you help them get the context and the ability to engage as a full team member? that requires the combination of technical as well as soft skills. cory: what countries are we talking about? jeremy: we started off in nigeria and have been there for two years, and now we have been in kenya about a year. we will be announcing a third country in about three months. cory: we have a quote from mark zuckerberg, we live in the world where we close the gap, and i believe we support innovative models for learning, wherever they are around the world. what andela is doing is pretty amazing. kind words. also nice to get a check with all those zeroes on it. how does this help to accelerate this? jeremy: those are kind words. it has been amazing getting to know the folks, and mark as well.

what it does for us is help us do more of what we are already doing, finding extraordinary folks across the continent and helping them connect with companies. one of the challenges we face is, given the constraints on capacity, we have not been able to work with as many companies as we would like to. we only admit about .7% of applicants. cory: back that up. tell me that again. .7%? jeremy: .7%. cory: how many applicants are we talking about? jeremy: about 40,000 at this point. cory: for how many positions? jeremy: a little over 200, so a small number. it is starting to scale, but there are just not enough. -- and not enough folks with the skill set. across africa, you've got the continent of 1.1 billion people, the youngest on the planet, but also the fastest growing. it turns out that brilliance really is evenly distributed.

cory: there is a business called sam a source that talks about something similar. how are they different? jeremy: they are great. i think they're focused less on high-end software development and more on creating as many jobs as possible, and i respect that immensely. we are more focused on the rhodes scholarship for africa. it is a very selective program that connects these developers in with the top engineering organizations on the planet. cory: what are the companies looking for specifically? how do you tailor the software training to what the companies' needs are? jeremy: companies are looking for brainpower, yes it is tough , to find great developers in general. the skills gap is a very real thing. when we talk to companies their , primary interest is what the person will be like as a team member. how will they engage in day-to-day interactions, and

what will it be like when they show up at a 9:00 a.m. stand up? that is something we have to be able to train on from a soft skills standpoint as well, because if you are not going to love working with someone, it is going to be tough to make that work long-term. cory: what does the training look like? students arrive to do what? do they sit in a chair, is it a big classroom? jeremy: we have campuses in nigeria and kenya. those students come into our office every single day, and we have subsidized housing as well, but these students are sitting down in the morning, working with companies around the world that are our partners, as full members of that company's infrastructure. software development training is much more like a craft than a degree program. you learn by doing.

we want people to get a lot of at-bats. cory: that's really cool stuff. congratulations on the investment. it sounds like you will do a lot of great things and help a lot of people. andela ceo jeremy johnson. no relation. coming up next, what spacex is trying to do for a rocket launch. we will introduce you to planets, next. as we go to break, take a look at the mini vision next 100, a driverless concept from bmw. autonomous pick up it is a sign parking and recharge of bmw , preparing for a future where no one owns a car, or at least the owner or the driver does not. ♪ cory: a story that we are

watching. the secretive augmented reality start up magic leap will team up with lucasfilm to create star wars content from the still unrevealed technology. neither company unveiled specific plans. in this edition of out of this world the rapidly declining cost , of satellite technology, one of the promising innovations of the aerospace industry. it is easier than ever for telecom companies to get into orbit. another area benefiting is satellite imagery. take the startup planet, which takes high-resolution photos of

the earth to track things like deforestation and the growth of syrian refugee camps. earlier this week at the bloomberg conference i caught up with the ceo and asked him which technological change has taken place in the last two years that has helped planets take off. >> you can put up hundreds of thousands of satellites in any one rocket. the cost differential of that means that you are satellite is [indiscernible] we are not talking that the cost of our satellite per se, but it is less than anyone else. just between us. cory: is it a lower orbit? >> absolutely. that helps us to replenish them with the latest technology. we put them in an orbit so low, that they orbit within about a year or two, and then we replenish them with the latest technology. there is a huge number of use

cases for our data, and the kind of client that we have is consumer mapping. people want up-to-date satellite imagery in their maps, and there are people in agriculture, because we can track crop yields. big agricultural companies are interested in that. cory: there is a sort of interesting new space race, if you can call it that. what do you think is driving this? is there a new level of creativity? your background 20 years ago -- >> i think we have shown there is a different risk approach that you can take with satellites. instead of putting all of our eggs in one big basket with a billion dollars satellite, you spread your risk across lots of different launch vehicles and satellites, and if one of them dies it is not the end of the world. we are treating satellites more like the i.t. industry has treated it. if one breaks, drop it out, no big deal.

as opposed to these exquisite, high-end satellites. there is the risk approach, and in the minimal invasion of the technology underneath. cory: and will this be more straight line in terms of developers? >> i consider the way we build satellites to be strapping space to small's law, because every time a new hard drive comes out, a new processor comes out, we stuff of them in. so i feel like we are constantly increasing capability. cory: do you imagine we are approaching a new level of data, comparing photos every day to a consistent new level of data? >> absolutely.

i call it the global sensor revolution. they are everywhere they are in , pockets, they are in space, in the ground. we are collecting satellite imagery like it is the global snapshot, the global baseline. all of these sensors contribute to a sensing revolution. what can you do with that? you can see changes as they happen. before now, we saw planets relatively statically. you see static maps or static imagery online, on google earth or what have you. whereas our imagery, every picture we get, we see the earth is changing. your mental model of the earth is static because you see a static map. it is naturally changing over time. every picture we see a river move, trees got knocked down. there was a farming field harvested. of course the vehicles move. we track all of that, and that enables people to make smarter

decisions. whether that is in agriculture, or a journalist trying to figure out what is going out in the world, a scientist, an ecologist trying to stop deforestation. all of this is dependent on understanding change. cory: that is so cool. will marshall, the ceo of planet. time to find out who is having the best day ever. today's winner, streaming-only musicians. the governing body behind the grammys is announcing that streaming-only artists can now win a grammy. that could be a boon to spotify and musicians making that streaming-only music. that does it for this edition. tomorrow, a conversation on cyber security and social media defending against domestic terrorism. ♪

>> it's noon here in hong kong. senior japanese government and central-bank officials have met in tokyo as the finance minister said he was very concerned about one-sided and speculative foreign-exchange movement. the yen retreated from 22 month high. the chances of the u.k. voting to leave the eu next week seems to have been reduced. in p joe cox died after being shot and stabbed and a 52-year-old man has been arrested. pretext charge