however, a person familiar with the matter tells bloomberg ryan has no knowledge of any pending endorsement from trump. ryan who faces a primary re-election contest tuesday told a milwaukee radio station that trump could cross a line that would prevent the speaker from backing him, but "where that line is, i don't know." hillary clinton addressed a convention of black and hispanic journalists. she said she wants to invest more in infrastructure, generate more jobs for young people and help black sbrureps start businesses. diplomats say portugal's prime minister tops the second secret poll to be the next secretary-general. unlike the first round, antonio guiterrez got too discouraged votes leaving the contest in play. u.s. intelligence has assigned more than 1,000 spies to help with olympic security in rio. nbc news reports it's part of an intense effort to protect the games and american athletes. naval and marine commandos from

the special ops are in brazil. larger military units on stand by. global news 24 hours a day powered by more than 2,600 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg, "bloomberg west" is next. emily: i'm emily chang, this is "bloomberg west." coming up the nasdaq and s&p 500 end the week with an flourish, both ending at an all-time high. we'll break down the numbers and the historic day. last year shattered all of the records for deals in the tech sector. how does 2016 stack up? and tesla putting a dollar figure saying the cost may

exceed expectations. we'll tackle the unforeseen challenges ahead. to our lead. u.s. stocks jumped the nasdaq and s&p 500 both hitting all-time highs after the government reported better than expected jobs data for the second straight month. the private and public sector added 255,000 new jobs in july including coveted high-paying tech jobs, wages also showing solid gains and unemployment holding steady at 4.9% near an eight-year low. the nasdaq rose 1.2% led by tech giants apple, microsoft and alphabet. joining us to break it all down, c.e.o. of a recruing firm with a close eyes and cathy wood who has been investing in silicon valley for more than 30 years and focuses on disruption. we had a slew of positive earnings from the tech giants. can tech equities keep up the momentum? >> yes, we think they can and while a lot of people are worried and think about the

past bubbles, tech an telecom and so forth, we think we're at the threshold of a new bull market. it's about s curves. amazon is less than 10% of retail going up in s curve and the fly wheel is amazon prile. that's one example. facebook and google, only 16% of advertising around the world is mobile. as you get toward that 20% mark, you hit a tipping point. so we think these are big s curves in motion. emily: so, john, when it comes to jobs, we saw tech companies actually hiring for more full-time jobs. we got a chart of this on the bloomberg terminal. hiring fewer contractors which has been a trend. does that sort of echo what you're seeing? john: i think it does. when people are more certain about the future, they look to bring on more full-time employees. when they're more uncertain, it's about temporary and contract. we see people really bullish right now. the tech sector is roaring back off the lows of february.

venture capitol investment now all-time high, $23 billion into venture capitol funds just in the first half of the year. a nice time to be in tech. emily: cathy, does this renew talk in a bubble or end it? >> we're trying to educate people that, who are still very fearful, very conservatively positioned in the market that you don't move off an s curve when there is a real one in place. in the tech and telecom bubble, there was no s curve. we didn't have the right technology to make the cloud happen, to make mobile advertising happen and online retail happen the way it is now. so we think we're just beginning. when we're only 16% in mobile advertising, it has a long way to go. so we're very excited about where we are. emily: john, hiring can also be symbolic of euphoric trends or lack thereof.

it's interesting, i have heard from folks at google and facebook that hiring has actually slowed down because all of the good people are taken. there is this land grape for people, the good people between facebook and google and airbnb and uber. have you heard anything to that effect? joe: there is a counterpoint. there has been a lot of tech m and a this year. you have linked in, you have neck suite. when there is m and a, that tends to shake things loose. i don't want to work for eye bigger company that is going to slow down. i want to work for a start-up. the m and a that's actually red hot in the tech sector does mean there are a lot of people moving around. emily: we're talking more about m and a in the next block. you focus on disruption. where is more room for discorruption if you don't think we're in a bubble. where is the most room for growth? cathie: we see it all over the place.

you have the whole ecosystem going to change the way health care works. you have the auto sector. tesla is going to shake things up big time. i don't think people understand how they're going to revolutionize manufacturing in the united states. they're going back to vertical integration away from the system that we have today. we see autonomous vehicles. they're going to be here before you know it. we think tesla will lead the charge there. they have really a billion miles worth of mapping data, more than any company in the world. so we think the auto sector is ripe for disruption and it's going to happen a lot faster than people believe. obotics as well and the last one really is machine learning. the whole machine learning, artificial intelligence, that is going to add a whole new did i mention to the cloud. the cloud is seeping into every sector. economy. so many, many big companies out

there who have been very successful over the last 30 years are going to be facing disruption, which is what we study all the time. emily: now, john, you make the point that the world is getting more tech centric, the economy is getting more tech centric. does this mean more jobs absolutely in tech? on the other hand, a lot of these companies that are getting acquired weren't necessarily growing. an acquisition can also be a wait out rather than a way up. joe: we believe the world is becoming more tech centric. you see demand in engineering as cathy mentioned. security is becoming such a big concern, i.t. security, retail companies that didn't think of themselves aztec companies and then got their servers hacked, they're now thinking about themselves aztec companies. we don't see that change anytime soon in terms of more demand for tech. some of the big fortune 500 companies are coming to us all the time saying we need more engineers, designers, more data

scientists. we don't see that slowing down at all. emily: they're growing in absolute terms? joe: we talk with a lot of these companies on a daily basis about what the cutting edge is in terms of their recruiting needs. they tell us it's tech, tech, tech. emily: where could there be weakness or challenge ahead? cathie: there is weakness in a lot of companies that really led the charge in the old days. we think the auto companies are going to struggle. we think the old tech companies, the ones that were not built into the cloud and haven't been able to gravitate towards it are going to, are really going to -- they'll either be acquired or go out of business. we see robotics causing a lot of dislocation in the employment industry which should be good because we do not think that technology at the end of the day will be bad

for employment. it will mean a lot of shifting around, but it will mean higher value add and higher paying jobs. we see a lot of dislocation, but we also see a lot of opportunity, huge productivity gains ahead. emily: john, what trends are you saying in the economy, for so long, there were more and more uber and lyft drives, we're hearing talk of l.y.f.t. struggling, what is happening in that economy? is it getting bigger or starting to plateau? joe: it seems to be still growing very strong. one of the big differences, the labor force is shifting. there are a lot of people that simply don't quality. if you're driving for uber, delivering meals for somebody, delivering groceries, you may not be counted in the jobs report. you might be able to make a great living. we see a more flexible workforce emerging. it's a big opportunity. uber is still growing

incredibly fast, lyft is growing fast. you see companies come into all different sectors and say we can tap into this more flexible labor force and have incredible success. emily: all trends we'll ontinue to follow, john, cathie, great to you both here on "bloomberg west." still to come, a slow year for tech deals, serious steams in the second quarter. we'll focus on the m and a pipeline for the rest of the year next. apple announcing a deal to acquire an artificial intelligence company. we'll bring you the details next. this is bloomberg. ♪ ♪

emily: now to a story we are now following. apple announcing a deal this friday acquiring turi for $200 million. our bloomberg news reporter mark reporting this stoirp, welcome, mark, your first time on the set here in san francisco. it's great to have you. already making news, why is apple buying this company? mark: apple is investing a lot of resources into future products and services. one of the difficult areas they're focusing on now is machine learning and artificial intelligence. and turi brings a lot of that to the company. emily: how does this different from past acquisitions? mark: the past acquisitions have focused on products they want to develop. they bought suri and integrated it into the iphone. this company turi has a very fast portfolio of different

services and plat performs and algorithms that apple can use across the entire portfolio. emily: will it make suri better? mark: there are some recommendation engines, features that will allow systems to better apply products to different customers based on how they use the products. this really fits in photos, perhaps apple's online store, the app store. it's very much relevant across the product line. emily: now, a lot of people, namely mark andreason has talked about how apple has lagged in a.i. he told us at the bloomberg tech conference that amazon has lapped everybody including apple in a.i. is this an incremental step forward or a really big deal? mark: apple's acquisition of turi today, we might indicate this by the high $200 million price point, this is one of apple's biggest steps forward in a.i. and machine learning yet. turi is very integrated into

the a.i. development community. they are very open about their progress. they write lots of research papers and followed by lots of students and universities in the field. we actually ran a story late last year indicating that some of apple's issues in a.i. and machine learning are because of the company's privacy culture. this shows that apple is willing to move beyond that and invest $200 million into a company and lots of resources that's very well known for integrating with the community. emily: how is the privacy culture holding them back? mark: apple doesn't want to reveal what it's working on next. and machine learning is a very hot topic right now in silicon valley and across the world. that has sort of held them back. they can't talk about what they're working on. they would talk about it and bring other people in from the developer community, they wouldn't be able to keep it private. now they're showing they want to take a step forward to make it more open, hire more people and bring in more resources that can push the technology across the product line. emily: changing the culture of

secrecy, not opening up everything. mark, covering consumer tech, great to you here. mark: thank you so much. emily: on the topic of deals, we started with cutthroat rivals selling on a deal in china. uber leaving the home turf in exchange for $1 billion and a 20% stake in its competitor and tesla looking to be a one stop for tropical depressions. the those are the confirmed deals waiting regulatory approval. the unconfirmed deals, h.p.e. for several billions of dollars and apollo looking to scoop up the i.t. company for for several $3.5 co reuters. shares went up 1% at one point in friday trading. where do we stand compared to a record breaking 2015. joining us with more, the head of u.s. tech deals, it feels

like a record year? is it really? how does it stand up compared to last? >> thanks for having me on the show. in terms of where we're at so far this year, we are on pace with last year's record. we have $125 billion in announced transactions through the second quarter and then just in the past week in terms $20, nts, -- announced, $30 billion announced. it was $135 billion fourth-quarter in 2015. a big feat to match. emily: we're looking at a chart of what is going on here. microsoft and links in having an outsized impact on the numbers this quarter. there were a lot of other deals. is microsoft inked inan outlier or more huge deals like that? >> we think that mega deals are the trend that are going to

continue this year. looking at the numbers this past year, 30 transactions over the $30 billion mark. that trend started last year with a lot of the semiconsolidation and certainly we're expected to see continued mega deals as we go through the end. year. emily: bloomberg intelligence had its own report how private equity firms are paying more attention to the software industry for deals. tell me about trends you're seeing in software in particular? >> software, it's always been the bedrock of tech m and a. it's 50% of the volume. in particular this past year, you look in terms of software in terms of valuations. public multiples are way down. they are in a much more "affordable" for companies to consider. private equity are coming into that. most of these companies in the software space, you generally have more predictable cash flows, especially if you're

going into a cloud model. we're definitely seeing more interest there. if i look at the key areas within software, there is probably three that we're particularly seeing. number one is cloud, of course. you got a lot of companies transitioning into the cloud and cloud is supposed to double in terms of revenue size over the next five years. the second area is security. we have seen some big security transactions this year. if you look at that market, that's a highly fragmented market. you have 1,000 to 2,000 different discreet security companies. that's an area that is ripe for some consolidation. the third area is anything related to i.o.t., internet of things. in terms of software in particular, what we're seeing is more of the platforms in the middle of the stack and moving up the stack a bit into apps and the analytics that you apply on to that data. emily: so,ed toson, what about i.p.o.'s? obviously we have seen a slight pickup in the tech i.p.o. market. is this trend toward staying private, is that turning now

the other way? >> well, i think it's turning, but it's turning slowly. in some respects, it was easy to beat the first-quarter mark of zero when it comes to i.p.o.s. we got six out this past period. i think from p.w.c.'s point of view, we certainly see the i.p.o. market coming back and that pendulum swinging back from staying private longer into coming into the public markets. we really think that trend will be more into 2017 and m and a is more of the driver for some of those private companies as we finish out 2016. emily: what are the big e-tech i.p.o.s we'll see this year? >> yeah, i don't have any great speculation for you on that point. ily: will we see bigger tech i.p.o.s? the ones that have happened have been on the smaller side. >> i think the market creates a challenge for that. as you mentioned at the start of the segment, we got a lot of economic uncertainty both within the u.s., especially on

the political front, but then more importantly, abroad both in terms of china, brexit impacts, et cetera. that could hamper the ability of companies to come out in a big way until we get through some of this, get into the start of 2017. emily: what about some of the other private tech companies or valuations, private market valuations have dropped, drop box and box which is a puppet company, never sort of lived up to the valuation that some expected, will we see buy-outs here, will we see drop box take the plunk and go public, what will happen? >> our expectation is that we'll see many more of those types of companies being acquired as we go through the end of the year. one of the key statistics if you look at unicorns out there today, a lot of them are going out for funding over the next six months. as you have reported quite often, private funding is getting tighter and there is quite a significant expectation for down rounds and so if you combine those two pieces and

the fact that there is not a guarantee for a large i.p.o., i think we're going to see a lot of those companies getting acquired and there is certainly a lot of buyers ready out there. i mean, if you look at the record of 2015, even though that was a record year, most of the serial tech choirs sat the year out and weren't happy with the valuations on offer. as we start to see valuations come down this year, those companies are coming back into the market and not all of them have yet. we certainly expect them to be active as we get through the end of the year. emily: all right,ed toson paige, u.s. tech deals leader, thank you so much for stopping by today. still ahead, amazon c.e.o. cashing in on his most valuable stock ever. why he is selling amazon shares now. this is bloomberg. ♪ ♪

emily: on demand food delivery services continue to rake in funding. the london-base start-up for ordering takeout has raised $275 million pushing its valuation to more than a billion, germany's delivery hero and uber. venture capitalists poured $5.5 billion into food delivery companies globally. jeff bezos is cashing in selling a million company shares for more than $755 million. it brings the sales for the years up to $1.2 billion. amazon's shares are up 13% year-to-date, the sale appears to be routine. bezos sells a large number of shares every year. and the "washington post" is adding a surprising new member to bolster its olympic coverage, robots. the publication announcing it will be using software to

automatically produce hundreds of real-time news reports on the olympics. starting saturday, reports will begin to appear without human intervention on the post's website as well as its twitter account. still ahead, big changes coming soon to the way we drive, how big tech companies are going head-to-head with the global auto industry. that is next. and if you like bloomberg news, check us out on the radio, you can listen on the bloomberg radio app, bloomberg.com and in the u.s. on sirius/x.m. this is bloomberg.

mark: i'm mark crumpton, you're watching "bloomberg west." a check of your first record news. brazil is the center of the sports universe as the summer olympics officially get underway tonight in rio. last-minute funding and an

interim brazilian president underscore the economic and political turmoil which forced organizers to make do with a budget that's a fraction of the amount spent by 2012 olympics host london. it wasn't enough. they needed 11th hour government funds to make ends meet breaking rio's 2016 long held promise for the event to be privately funded. soccer legend pele says his poor health will keep him from lighting the olympic caldron at tonight's opening ceremony. brazil's most famous athlete had hip surgery several years ago and often walks with the help of a cane. the they-time world cup champ apologized for disappointing his homeland. black lights matter activists holding protests across britain. they walked the road leading to london's heathrow airport. the movement is needed in britain and all over the world. demonstrate strayings are said to have been peaceful. london's metropolitan police said they made several arrests.

donald trump may be coming to terms with his waning popularity at the polls. he made a campaign stop in des moines, iowa, and had a message for hesitant voters. indiana governor mike pence was picked as mr. trump's running mate in part to reassure republicans reluctant to vote for the real estate imagine in that. a toll on taking neckle's rating. they are defending her refugee policy after voter support plunked to 47%, the second lowest rating of her third term. the death toll from the attack in nice last month is 85. french authorities say the latest victim, a 46-year-old man died in the hospital. the man's wife and 13-year-old son were killed july 14 when a truck driven by an islamic state sympathizer plowed into a

group of people celebrating france's holiday. malaysia is saying for the first time that the pilot plotted a course on his home flight simulator to the southern indian ocean where the jet is believed to have gone down. the simulator had other destinations and there is no hard evidence that the plane was deliberately crashed. global news 24 hours a day, powered by more than 2,400 journalists and analysts in more than 120 countries. from bloomberg world headquarters in new york, i'm mark crumpton. bloomberg west" continues. emily: this is "bloomberg west." i'm emily chang. ladies and gentlemen, start your engines. disruption is coming to the way we drive. it may be coming quicker than

we think. a bloomberg scoop this week said samsung could be the latest tech company setting sights talking to fiat. following suit at apple, google and uber, jousts for pole position, our correspondent explains. >> change is coming to the car industry. big change. global automakers from ford and g.m. to volkswagen and toyota are all gearing up for a future of connected, driverless, electric and shared vehicles. tech giants are also speeding up to meet that future. google redesigning the car from the wheels up, testing vehicles in mountain view, austin, washington, and phoenix clocking more than 1.6 million miles of test driving. recently told investors -- >> we're solving a big need, safety access and deficiency. what is motivating for us, when

you look at 30,000 car deaths in the u.s. alone, that inspired the founders to start working on this issue. >> tesla c.e.o. insists autopilot features will make driving safer despite a fatal crash in florida and pennsylvania under investigation by regulators. connected cars will reduce traffic and emissions, too. ll of this technology is buoyed by the cloud. using these tools cars are learning how to park for you, break automatically and change lanes. until one day soon, we'll need no driver at all. the industry is racing to have these new vehicles on the road before the decade is out. emily: joining us to discuss this further, brian, an intel

managing director for internet of things bridget here with me in san francisco. you see entire fleets of self-driving cars driving down roads and freeways by 2021 with nobody behind the wheel. why so soon? is that really possible? >> it's very exciting. what we're seeing, first of all, we're in a new era of technology and it's the era of i.o.t., the internet of things. i.o.t. is enabling us to reinvent the whole driving experience and frankly the entire transportation concept. we're seeing that when we think about entire fleets of vehicles rolling down our streets and not only driverless, but literally no one inside the car, this is completely transformative. we think about the i.o.t.s, it's essentially a collection of devices that are connected to the cloud and they're generating data that can be analyzed in real time. emily: why could you do you

think this can happen in five years? bridget: the data is enabling this transformation. what we're doing at intel and frankly the entire industry, we're working together to define open standard platforms autonomous the driving possible. it's enabling these kind of experiences to happen. emily: brian, do you agree, by 20221, we'll see fleets of cars on the road with no one behind the wheel? brian: i think you'll see more automated driving on the road. when you think of the u.s. auto industry and 260 million cars on the road and 17 million units told per year, even if the technology were to really be there and it likely will be, you're likely to see, at least in our view, a bit of a longer the 2025 e out into

period before you really seeing a meaningful dent in new car sales. part of that has to do with the cost of the new technology. the eriod before you really seeing right now acts of safety is a $500 per vehicle cost. full autonomy, $5,000 we are car with an average car price around $32,000 right now, there can be an adoption curve that may be a little bit slower than the tech industry may be hoping right now acts of safety for. emily: bridget, we'll talk about how all cars are becoming more autonomous on a relative scale. you look at the difference between google's vision and tesla's, google being a self-driving car and tesla where it's more of a semiautonomous car, which one is safer? bridget: you're identifying something when you're talking about these cars and driving, it's happening in stages. none of this happens overnight. you think of the vision, what three basic

stages, automatic braking or cruise control. the second stage is when you see autonomous functions like collision avoidance or self-parking. the third strange is an advanced autonomous stage, driverless, you don't need the driver at all. when the evolutions in technology take place and make this more possible, you see this staged effective capability. emily: brian, google is saying giving the driver the opportunity to remain engaged can be confusing. regulators are investigating this crash where the drivers die. musk says his cars are the safest. what do you think? is one model better than the other? brian: no, i think there is room for both. as bridget said, everything here is incremental, from blind spot detection to active lane assist to things like autopilot which may have been somewhat misnamed given that the driver does need to stay engaged.

as this evolves over the course of the next decade, really the suppliers, that's really where we spend a lot of our focus, are really engaged at first making the car safer and beyond that, we'll have room for both. don't forget, we're talking about a very large industry, so it will take sometime for full autonomy. in the meantime, we'll have the semiautonomous growth as well. emily: do you think that this investigation by safety regulators could have an impact on the industry? could it be actually a setback? bridget: first of all, it's a very sad situation. the entire industry is i think understanding and committed to safety first. that is first and foremost the objective here. million hink about 1.2 people dying every day from car accidents, we know there is an opportunity to improve with

technology. that's one of the objectives we have, a key objective. when we think about the stages of technology, we are committed to making sure that the platforms, we look at the components that you need to have with autonomous driving, invehicle computing that is robust and powerful. a 5 g connection for connectivity, ultrareliability and ultrafast. you need a data system that can support tons and tons of data being analyzed and being supportive the machines learning algorithms in the vehicle. you need an interface that builds trust with the passenger and the vehicle and you need security. you need end to end security in the autonomous vehicle platform, securing the functions of the car and also the trust and the privacy of the data that is coming back and forth to the vehicle. emily: brian, you looked really closely at the companies that are supplying some of these more incremental technologies that are making cars more

autonomous. where do you see the innovation and the technology isn't ready yet? you test a lot of these features. they don't actually work that well. brian: i think bridget hits it on the head. you need a very strong interface with reconfigureable displays, companies out of michigan are leaders in that. you bring up power management. as these vehicles gain the semiautonomous and autonomous characteristics, there is a need for power management. johnson controls, the world's leader in battery technology, $29 billion equity cap company, they're going to be heavily involved with things like 48 volt power and a.g.m. batteries that the cars are going to need. as we see the cars evolve, with a we're excited about are the

opportunities in the supply bays to really have -- base to really have the brakes, have the power train really actively engaged with the driver. emily: now, bridget, intel and b.m.w. have a new partnership. tell me about that and what intel is providing there. bridget: we're excited about the partnership with b.m.w. they have delivered 8.5 billion cars that are connected, they have 4g communications. already b.m.w. drivers can take advantage of things like self-parking and locating electronic vehicle charge stations, that kind of thing. the partnership that we have with b.m.w., it spans really 10 years, in fact, we just celebrated our 10th anniversary together. we're very excited because together what we're doing is that we are creating an open platform for the next generation autonomous vehicle. we can define the safest

autonomous vehicle platform. secondly, we're aligning together to help lead the industry on defining a standards-based autonomous platform so that the entire industry can contribute and define an open standard so we can get the best and safest platform for the entire industry to adopt. finally, this isn't just about a concept car and doing work in the lab. we are committed to developing these technologies so that b.m.w. can use these technologies in their series production in 2021 in their b.m.w. i-next model, fully autonomous and equipped with the capabilities. emily: happy anniversary. brian, we're getting headlines on tesla that the giga factory is going to cost more and get longer to get online than they had originally expected or said that they expected. what is your reaction to this? brian: the auto industry is a very difficult to operate in

and break into. if you're going to make an omelet, you're going to break some eggs, certainly. it's very capitol intensive and things take longer than originally planned. i would say it's much easier to underpromise and overdeliver than hope against the opposite. ily: brian, analyst, intel's bridget, thank you so much for joining us. now to another topic, the same topic, actually, the head of google self-driving car chris is leaving the company. he took over the car project two years ago and hasn't revealed details about his future plans. next week we will pick up on the future of ride sharing and car technology with andrew pennington, his company just merged with a division to eate europe's largest tax-up

app, that's on monday. we'll hear about angie's list c.e.o. about the jobs report and how the tech industry is fehring. this is bloomberg. ♪ ♪

ily: nearly 1/3 of the 255,000 job gains were seen in professional services. that includes coveted high-paying tech jobs. earlier today, bloomberg caught and th angie's list c.e.o. how it was fehring, take a listen. scott: it's a good report. i would have been concerned if it was less than 190,000 new jobs. 255,000 new jobs means it's not a concern, particularly when you put it next to the report that came out last friday with the slow 1.2% per capita g.d.p.

groaning. with that said, you go a little bit deeper, it's not enough to say i'm going on a hiring craze. that's because product activity is flat. if you look at the actual disposable income that is sort of implied in these numbers, it's not really materially moving up in a way that would get you really excited about expansion. with that said, it takes away what could have been a cause for concern. emily: scott, how are your listings reflecting what is going on in the jobs economy right now? what are you seeing becoming listed more? scott: a good question. angie's list, we're seeing robust demand. you can't just read into that and say, oh, it's a great economy because angie's list does well in down cycles and it does well in up cycles. in down cycles, people do smaller jobs and try to make the most out of their current home. they'll do repairs, they'll do renovations. it's different in the robust

economy where the nature of the mix of services shift more to what you do when you move into a new home, bigger expansions, renovations, bigger jobs. when i look at the mix of the services that we're actually selling, it's moving modestly towards more of a recession nature type of a mix, but at the top level of overall demand, it doesn't change the overall voice mail. it just changes the type of things that people are actually do. >> when you talk about a recessionary type of mix, what do you mean? scott: it puts homeowners much more into a mindset of trying to make the most of their existing home doing painting jobs, doing sort of repair work around the house, doing things that might turn, you know, a basement into an extra bedroom, making the most out of what they have as opposed to in

great times, people get much more into a mode of doing room additions, getting a roof job done, that kind of thing. >> scott, indiana became subject to a wider focus when donald trump looking at mike pence as his running mate. looking at the economy, indianapolis growing at a pace of 18%, nationwide, it's closer to 6%. what is it about indiana right now, about the structure of the economy that is encouraging that kind of growth and do you think from your perspective as the c.e.o. of a national company, there is something about what is going on in indianapolis, in indiana, that is replicateable nationwide? scott: yeah, there is, i would say. indiana i would say overcall is a great environment for business expansion. you have a set of pro growth tax policies, incentives. you have a close relationship with the universities and trade schools. it's a cluster that really has a lot of the key elements that you need to be able to grow,

particularly for a technology company. >> i know in the past, scott, your prescriptions for helping the jobs economy have included things like training and so forth. is there any way angie's list data could help that way, i'm thinking mentorships or the german model where you train with somebody for a couple of years and then you're the class person? scott: we're doing a fair bit of that. we work closely with the universities. we articulate the specific skills that we're looking to hire. so html developer, java developers, devops people and we're hiring in those areas. we have been hiring in product and technology and in sales. we're hiring for very specific skills that we communicate and are able to draw upon from those different institutions. >> the restructuring plan, how is that going? there are some start-ups trying to get into the space, how do you plan on pending them off? scott: well, we communicated a profitable growth plan to

investors back in march that sort of laid out a five-year view for how we would sort of turn around and grow the company. we are really on track. we have been executing to the letter, the milestones we committed to. we took down our reviews pay wall and we have been seeing 700,000 new members joined angie's list in just about a month. we have seen great consumer engagement and now the challenge will be to drive that into new revenues and i'm quite optimistic about the prospects for that. >> how are you possessioning would you though, consider selling? you fended off some offers at one point. scott: well, we're a public company, so we always have to be open to value creation opportunities. we're laser focused on executing our growth plan. it couldn't be off to a stronger start.

emily: that was angie's list c.e.o. celebrating the anniversary of one of its most challenging extraterrestrial landings of all time. this is bloomberg. ♪ ♪

emily: this weekend marks four years since nasa's curiosity rover arrived on mars. it's remembered as one of the most dramatic landings in the history of space exploration. a sky crane lowered the rover on the surface of mars and flew off and intentionally crash landed a safe distance away. this technique had never been fully tested on earth, let alone on another planet. still everything worked and curiosity began exploring. one of the first zhriferse was signs of an ancient water system that could have supported my crobal life if it ever existed on mars. it has driven more than 13 kilometers and returned more

than 128,000 images of the red planet back to earth. turning to a trending tropic earlier this week, instagram has a stories feature. it's facebook to take on the picture dissolving app. it will include a selfie camera at the top of the feed. it will include filters and stickers. the test begins today in canada and brazil. this weekend, we will bring you the best of all of our interviews from the week. do not miss roger and his predictions for the next big m anderson -- m and a deal in technical. i'll be speaking with joe of alibaba. that's it for today from san francisco.

♪ >> from our studios in new york city, this is "charlie rose." we begin this evening with a zika virus story. the government issued a warning for pregnant women to stay clear of a miami, florida neighborhood. the mosquitoes carrying the virus have infected at least force -- at least 15 florida residents. funding forederal zika is in danger of running out this month. joining us from washington, till they want the most important thing for us t