>> let's begin with a check of your first word news. a white police officer in tulsa, oklahoma has been charged with first-degree murder, first-degree manslaughter less than a week after she killed an unarmed black man. court documents say she reacted unreasonably when she shut -- shot terence crutcher when he was walking away with his hands in the air. lawyers say crutcher did not follow police commands. charlotte police are refusing to release video of the fatal shooting of a black man until his family sees it first. police chief kerr putney says he has reviewed the footage.

>> the video does not give me absolute, definitive, visual evidence that would confirm that a person is pointing a gun. i did not see that in the videos that i reviewed. >> the national guard arrived in charlotte to try to head off a third night of violence. the top u.s. general says a rocket that hit a base and a rocket contained chemical agent. it was said, unequivocally it contained a sulfur mustard agent. no one was injured. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 20 countries. bloomberg west is next. ♪

emily: i am emily chang. this is "bloomberg west." yahoo! admits that account information for 500 million users has been stolen. state-sponsored hackers may be behind it. what does it mean for verizon as it works to close the deal. jeff weiner tells me he is rolling up his sleeves and mapping integration plans for microsoft. he discusses whether more tech m&a is coming. the food delivery in business -- business in europe is defending its home turf as uber eats encroaches on its territory. a major stubble for yahoos -- stubble for yahoo!. yahoo! confirmed today that the personal information of 500 million users was stolen in a 2014 attack. yahoo! believes the attacker is state-sponsored, though an internal investigation found no evidence that such an attacker

is in the network. the stolen information includes e-mail addresses, phone numbers, passwords. if it sounds familiar, last month yahoo! said they were aware of information that said 200 million accounts had been stolen in 2012 and on sale on the dark web. what does it mean on the megadeal? verizon was just told of the data breach in the last two days. it has limited information and understanding of the impact. joining me now is the head of immunity in washington and a founder of tinfoil security. michael, what stands out to you here? the sheer size, as well as the fact that it took two years to figure out what happened. what do you think is most significant? >> the size is immense. this is the largest number of records stolen in any breach of the internet.

the other big thing that stands out is, we say that it took two years to figure out or find it. that's true, but when you have a state-sponsored attack, one thing they are good at is hiding their tracks. when you have an individual who is trying to attack the company, they have one main goal. they want to steal as much as , make a dossier. they want to fence it. when you have a state-sponsored there motives are not to make a quick buck. they are good at hiding their tracks and persisting within the network. there motives are not o make a quick buck. it is hard to find this out until you accidentally stumble upon it. they have hidden their tracks so well. i think the fact that they found it now is good. whether the attacker is still in the network is still potential he up for debate.

just because there is not evidence does not mean they are not there, but that they have not found additional evidence. it is difficult to ensure. emily: what do you believe of the contradiction that they believe it is state-sponsored but there is not evidence? >> i agree with the other guest at this point. to say that it is state-sponsored or not, everyone says they were compromised by a state-sponsored attacker or advanced persistent threat. yahoo! knows more than we do, but it is a common thing to claim to absolve yourself of responsibility. i agree that i would go a step further and say that network is probably still actively compromised. because of the breadth of business that yahoo! does, the attack approach is possibly infinite. it will be impossible to ensure anyone who compromised is completely out. emily: there was a russian

hacker who was discussing the fact there was information. this person said they were from yahoo! somewhere. did that lead you to believe that it could be russia behind it, if indeed it is state-sponsored? >> i would hesitate to say it is russia, necessarily. i would say that russia, in the past, and china, in the past, have been known to be actors in such state-sponsored attacks. that is a possibility. russia and china have cyber warfare capabilities. they could be involved. one thing that i want to add is when you are operating on the scale of yahoo!, you have such an immense service area, that even yahoo! is not necessarily aware of every server or application that they support or have up. which is a problem. you need to track down where they came in, where they went, and where they left.

also, where they might still be. if you do not know where all your applications and servers are, that makes it doubly hard. emily: you mentioned this could be some sort of excuse. do you believe there may have been some negligence involved? could this happen to any company, especially a company as big as yahoo!? >> i think it could happen to any company. there is a certain amount of truth that you cannot defend yourself from someone like russia or china. in 2010, google succumbed to operation aurora. that was the chinese sponsored attack. i wouldn't go so far as to say there is negligence involved, this is almost an intractable problem. china and russia can outspend your defense budget by orders of magnitude. eventually, they're just going to win. i think it is unfortunate that yahoo has been hit this way, twice in the last two years. the timing of this is rather

suspicious. we've seen hacks that correspond to big financial transactions as an attempt to gain the market. it is good food for thought to see why it is coming out now, especially considering the verizon deal. emily: that is interesting. what does verizon need to be thinking about as it tries to close the deal? >> they are about to acquire a company that has now publicly announced they had a massive breach. they have to factor in the cost of investigating the beach -- breach, the cost that shows they have remediated the factors that caused the breach, the cost of showing the users are protected, and ensuring identity theft protection, or whatever they choose to do to contact yahoos users. all of that factors into the

question of price and all the due diligence. >> alex, what would your take be? are verizon, what are you doing? >> i tend to agree with michael. what verizon should be doing is considering they're both probably actively compromised, the reality is there are probably foreign actors on the verizon network, on the yahoo network. when you're thinking of integrating -- verizon is mobile ad in yahoo!'s business. you have to look at it as a containment standpoint. not to belabor the metaphor, but they have to consider how to protect themselves, and what they are potentially going to buy from whatever they are harboring. this is the reality. emily: thank you both so much for joining us.

we will continue to follow this story as it develops. we will be taking a look at cyber security stocks that jumped today. leading the gains up nearly 5%. tesla is cranking up the pressure to sell electric cars directly to consumers. the company sued the state of michigan to overturn its ban on direct sales by manufacturers. it is tesla's first lawsuit on the issue and it is on the home turf of general motors and ford. tesla had been challenging these limitations on its sales model on a state by state basis. a federal court ruling in its favor would have national implications as it races to bring its more affordable model three to market next year. the company plans to unveil its solar roof idea next month. this after the board of solar city agreed to tesla's offer to buy it last month.

elon musk announced the plans on twitter, saying aiming for october 28. coming up, linkedin unveiled its first big announcement since the microsoft merger. our exclusive interview with the ceo is with us next. this is bloomberg. ♪

emily: on their latest funding board, airbnb has raised -- -- has raised at least $550 million valuing the company at $30 billion. the wall street journal saying google capital is participating. the size of the round could go up to $850 million. airbnb is letting some employees sell a total of $200 million in stock at the same time. linkedin is ready for its first big product launch since

microsoft bought the company. they are offering a.i. messaging. the updates are a part of linkedin's push to expand beyond a networking platform. i sat down with jeff weiner for an exclusive view. >> helping our member say -- stay connected and informed is one of our central value propositions. that is at the foundation of our flagship application. we are going to be redesigning the desktop as well. we're going to continue to invest aggressively and create the most relevant newsfeed possible. messaging makes it easier for people to keep in touch. for people to reach out to the people they want to do business with. that overhaul, relative to the prior inbox, we have seen very material lift. these things compound to lift engagement. emily: i know that we are waiting for the acquisition to

close, but you said you have been rolling up your sleeves and digging in. tell us what it is like to plan. >> there is a lot of clarity in terms of the value that can be generated by virtue of leveraging linkedin's unique assets. to integrate that as seamlessly as possible on top of microsoft's footprint, north of a billion users. it is one of a handful of technology companies that reach over a billion users. we have been working with teams, the outlook team, the windows team, the office team. thinking about what is possible so when we close we can hit the ground running. emily: what should we expect to see first? >> i wouldn't be predicting first in terms of chronological order, but some of the areas that make absolute sense -- integrating linkedin identity assets within outlook. so when someone sends you an

e-mail, you know who they are. if you are less familiar, you can add them to your network. if you're already familiar, you can see if they have changed job or change the company. it brings the inbox to life. there is an interesting stuff -- some interesting stuff we can do with windows integration in terms of the activity center and notifications. and with dynamics, continuing to differentiate some of the business applications that are generating real momentum on microsoft through leveraging sales navigator, things we can do with recruiter in terms of human capital management. emily: i understand the idea is for linkedin to remain largely independent, like facebook and instagram. how do you expect it to work in practice? how will it affect the culture of linkedin? >> from day one, we have said it is very important to continue to

focus on growing linkedin, realizing our mission, and accelerating our mission. both teams are aligned behind that objective. it is made easier by the fact, your point about culture, that is where m&a goes off the rails. you have two disparate cultures misaligned. in this case, the underlying cultures of both companies and -- companies are already naturally aligned in terms of being mission driven. santya has been very mission driven since he took on the role of ceo. in terms of being innovative come in terms of creating a sense of openness and the speed and agility required to make that happen. along those lines, we are seeing a lot of alignment. your: how'd you maintain independence, but focus on the synergistic goals? >> that is a great question. we took some time to naturally align the strategy. when it comes to day-to-day

prioritization, it becomes intuitive. it doesn't require a lot of disruption. one thing i would like to see us gets to is take product acquisition, we get a point where it is to longer -- no longer acquisition integration but a natural evolution of the roadmap. for example, our identity team, thinking through that outlook integration, that should be something they are looking forward to doing. and accelerates the realization of that team's objectives. we are trying to take a similar approach across all the product teams. emily: this deal surprised the market. you managed to keep it under wraps. it has kicked off a wave of m&a and speculation about more m&a. do you have executives coming to you who may be thinking their desire to stay private? >> the same companies thinking about staying private previously had very specific reasons. i do not know that consolidation played a role. it was, should we remain private

versus going public? what are the pros and cons? this debate goes on and off cyclically over many years. in terms of the increasing consolidation, i think we will continue to see that trend. it is less about public-private, and more about the competitive landscape. the importance of scale over time. i think we will see more rather less. emily: you guys are the first big social network to go for m&a. there is a lot of speculation about twitter. where do you see more m&a? >> i would be looking more from thancquirer front rather being acquired. you have a lot of that taking place within enterprise. i think business applications will increasingly be used to differentiate these huge crowd offerings. some of the consolidation that we see will be good for all these cloud

infrastructures. worked at big and small -- emily: as an executive who has worked at big and small companies, what other benefits of remaining small and lean and vice versa? >> the smaller you are, the easier it is. there are fewer things that add complexity. the larger business becomes the more people you have to manage. the more businesses you are in, it naturally increases the degree of difficulty through complexity. the companies with the most initial success are those that remain focused on their core. everything is about reinforcing that core. overtime, businesses want to continue to grow. so they expand beyond their core, and that introduces complexity. the advantage of being among the larger companies is they have far greater scale, and far more resources to innovate. one of those examples is a.i. the critical mass of expertise

required for a.i. is increasingly in a smaller number of companies at that scale. emily: i know that you and reed have traveled there many times, to china, how do you see using -- how do you see linkedin helping microsoft in china. >> microsoft's global footprint is impressive. we were in india and rolled up -- out three new products. we got to meet with the prime minister. satya has met with the prime minister on several occasions. china, as you mentioned. japan. microsoft has a huge presence in japan. that is a market we have not invested in as aggressively but we can jumpstart that. microsoft's global footprint could have a meaningful impact. emily: you unveiled a new learning product, building off one of your biggest

acquisitions, lynda.com. how big do you expect that to be relative to the whole? >> it can be a meaningful contributor to the top and bottom. that happens in two ways. one is the enterprise part of the business where we are leveraging our sales force. north of 40,000 enterprise customers, where we can sell into those businesses beyond the recruiting tools. on the consumer side, we are able to seamlessly integrate into our premium subscription packages without charging an additional fee. we will add more value and we think that can help retention. emily: you are adding messaging bots, scheduling bots. there is a lot of excitement around bots, but they have taken a while to hit the mainstream. when do you see them going mainstream, and how do you maintain the quality of interaction?

>> you maintain quality by being focused. not doing bots for the sake of doing bots. often in the valley, there seems to be this new introduction of new technologies. people become excited and they become buzz word oriented. you have to get past that and think about how the new technology is creating value. the example today was how to -- two members connecting on linkedin through messaging can schedule a meeting. it is a multistep process, you have to go in and out of applications. this really accelerates the process and makes it more seamless and intuitive. that is something that will work and create quality. you focus on getting that right and move on to the next one. overtime, you will see some platforms evolving. microsoft is investing in a platform capability to enable third-party bot capabilities.

that is when you can really start to see innovation unleashed. a noise has to start with what value you're trying to create for members and customers. emily: our interview with linkedin ceo jeff weiner. bloomberg is teaming up with twitter as the exclusive streaming partner for the 2016 presidential debate, starting with the first debate on monday. tune in or follow bpolitics. this is bloomberg. ♪

emily: an update on hampton creek, the vegan mayonnaise startup accused of buying their own product to spur sales. investors knew of fraud allegations for as long as two years before the investigation. they did not warn new investors about the situation. the full story is in this week's edition of "bloomberg businessweek." coming up, amazon and ubereats

may be growing in europe, but heroes sayry startup these rivals will not sweep the market. we will hear from the ceo next. ♪

>> the more the bank of japan does, the more traders are convinced the yen is out of control. this was the fifth straight meeting that saw currency gains by the end of the trading gain -- trading day. annualet for its biggest advance in eight years. two days of talks between saudi arabia and iran have failed to create an agreement on an oil freeze. they met for formal discussions with nonmember russia next week. they're concerned there is no serious commitment to curb

supplies and face of a global glut and weak demand. no deal in algiers. china has issued new regulations which will ride in -- widen its access to data. law enforcement will secretly be able to demand access to programs such as wechat and weibo. support sorovide that data can then be cemented as evidence in criminal cases. global news 24 hours a day powered by more th 2600 journalists and more than 120 countries. this is bloomberg. let's get the latest from the markets. japan went on a lunch break 1/10 ofe rritory by 1%. it is coming back om his lunch break. we will see what it does the rest of e day. so far, we are seeing that it is

down. the yen has been volatile. we saw slightly positive territorthere for a while. we are now seeing it come back again in negative territory. the shanghai composite is also falling down 1/10 of 1%. raising materials as well as real estate are dragging the index. real estatcompanies just surged yesterday, as people are expecting the property boom to continue in china. right now, they are falling from those highs. emerging markets are also falling. we are seeing this global stock rally just losing momentum here in asia. emerging markets had been stalling after friendly monetary policies out of the u.s., japan, and elsewhere. erging markets falling for the first time this week.

despite the ball this week, we are seeing it again so much, that it gained about 3.8%. they are still seeing the best week since july. the hunt for yields continues here in asia. 2016 was supposed -- ♪ emily: i am emily chang. this is "bloomberg west." startup investor rocket internet saw shares jump to it's highest intraday level in four months. this after announcing progress at cutting its losses at flagshiportfolio companies. they say they expect three investmes to turn profitable by thend of 2017. the berlin based company has dozens of stakes in food delivery and fashion startups, but have seen their price cut in half after some investments faltered. one of rocket's key investments, delivery hero, has been gaining ground.

the bein based food delivery service now works with about 300,000 restaurants in 33 countries with sales growing by more than 50%. caroline hyde caught up with the cofounder and ceo and asked if he expects u.s. tech titans, like uber eats and amazon to encroach on his home turf. take a listen. >> i would be surprised. it is a huge segment. i think we are very well-positioned. we make the most ords in the world. we are the largest paper user for restaurant orders. we have been doing this for many years. there is a lot of learninghat we have done tt th will have to do. we have the capital and all th is needed to do it well. this is what we are focusing on. this would never be the key for uber. uber focuses on car sharing and is is the second leg. for amazon it is the second or third leg. we have a benefit that we can be

targeted in what we are doing and specialize in delivering food. caroline: what about the amount of competitors that can survive in each city? say a city like berlin in germany? is it two that are winning? is there space for three? >> it is hard for someone to come in the late stage and make it sustainable and profitable. they might still try. they might still be there. it will be hard to be sustainable for someone coming in so late we are profitable and we grow above 50%. if someone else can make a profit there, let's see. we are making profit in the u k. if that can be done by another competitor, maybe, it hasn't been proven yet.

caroline: one of the confusions that surrounds delivery hero is if it is or isn't a rocket internet company. explain to us how you fit within the rocket internet space. >> we have built a healthy, good business. at some point, we wanted to take on more capital and stand stronger against competition. rocket came on board. very good shareholder to us. it was important to make a show that we do not lose wh wve. we keep what we have with the culture and how we run the business. and we leverage the value that they can provide. we have found a healthy dynamic with a good investor. they can give a lot of advice. we still operate as an independent company. caroline: when you look at rocket internet, it is about to have its earnings. is it a force for the future? >> i think delivery has become an important part of their business. for good and for bad.

partially, because we do not disclose financials. it makes it hard to tell them how we do and how we are doing it. it is probably the most important asset in their portfolio. it is one not so closely linked to rocket itself. they are in a strong position. particularly the time we go public will be a good time for rocket. caroline: you are not worried that they will have to mark down valuations when it comes to your business? >> i would be very surprised if they did that. we are going from very high losses in 2015. we are growing faster, percentagewise. in asset terms, even faster than 2013. we moved from massive losses to profitability in six months. it would be strange to mark it down.

i think there is an opportunity it will be marked up. caroline: you have opportunities to raise funds. >> we have capital and are close to the profitability asset group. i do not think that is so important for us. i think we have the position to continue to run a healthy business and spend more if we have to, and less if not. for us, the whole market is less relevant. that is why we choose the timing that is right for the company. caroline: that will be next year? >> we have not communicated when. we will make sure that when we feel the time is right, we can quickly go. if that is this year, next year, or the year after, i cannot share. emily: caroline hyde speaking

with the ceo of delivery hero from berlin. amazon may soon become the second stock in the s&p 500 to cross the $1000 threshold thanks to a record-setting rally. amazon topped $800 for the first time in thursday trading, narrowing the price gap between it and alphabet. as of now, priceline group is the only stock in the s&p with that distinction currently trading at more than $1400. operator wants to use chat bots to change the way you move. -- the way you shop. and now they are moving the east. we will tell you about the chinese ambition. our conversation with go pro ceo nick woodman on the unveiling of his long-awaited camera. will it be enough to boost company sales? this is bloomberg. ♪

emily: turning to the ipo had originally expected a share price of $13 to $15 per share. they help track and plan i.t. investments. the business caught the eye of venture capitalists in 2009, and it was the firm's first investment. facebook and google may be leading the charge in the rise of bots, but they are far from

the only players. operator uses chat bots to connect shoppers with experts to help them find what they're looking for. the company raised $15 million in a new round of funding. the startup is expanding to china with a new china-based ceo. i sat down with the cofounder and ceo and asked about their chinese ambitions. >> our original vision has always been to invent a new form of commerce. through the paradigm of messaging. my background was based in beijing, which was acquired by zynga. we always thought this would be a global system. china, with the consumer shift towards great demand for authentic goods, represents a new way to buy things for our brands, merchants, and network of experts. emily: a lot of companies wait to expand until later in their life cycle. why now? >> we are seeing a generational shift of chinese consumers

designing quality rather than the cheaper knockoffs that they used to buy. because of this generational shift, the market is now well over $100 billion. it is growing at 50%, year on year. if you have an american company able to allow them to buy from the actual merchants themselves, that is really powerful. something that an american company can uniquely offer. emily: some companies have run into regulatory issues, some have run into clones. what makes you think that you will succeed? >> we have a unique team. my background is based in the u.s. we have investors from china and the u.s. we have learned quite a few things seeing pattern recognition. emily: what makes you think that you are not putting the cart before the horse or trying to run before you can walk?

>> maybe we are. but we are going to take a shot at it. the reason why i want to take a shot at it is this represents such an interesting and complementary effect on how we are building this global system. emily: what is your vision for this ad scale? -- at scale? >> there are three modes of commerce. one, you go to the store. another, you go to e-commerce. the third is a digital channel that allows you to talk to human beings, but have the range of the internet. this channel does not exist today, and we want to see it all over the world. emily: you see us talking to humans and not bots? >> hybrid of humans and bots, in a way that is, entry and efficient. emily: what kind of traction have you seen? there is criticism that it is not moving fast enough. >> facebook has a multi-year horizon. as a partner, we are patient with them. we believe they are going to be

a significant channel in the long run. it is six months since they announced it. we have to give them more time to play this out. emily: what about bots? facebook messenger is betting on bots. when do bots go mainstream? >> when the hype dies down and the ideas, the bots-first ideas start percolating. we are starting to see that now. the tools and infrastructure has to come into place. i think the interesting stuff is just around the corner. emily: you are an investor in xiao mi. there has been skepticism around the sales, the smart phone market saturating. we have the new iphone, the samsung 7 hitting shelves. how do you see xiao mi performing amid these market forces? >> you are seeing a broad specular shift around smartphones trying to create differentiation. what we are seeing on xiaomi is

supply chain issues more than demand issues. they need to fix that and sort that out. i am confident, in the long run, that they will be more than fine. emily: when you envision the hierarchy of smartphone vendors, samsung, htc, apple, how do you envision that? >> i think the enduring proposition of having high-quality products at low cost, scaled through social media, and the new generation of marketing is very compelling. that challenges the retail market. emily: you were an advisor to uber china. they sold the business. what do you make of that? >> it was a smart idea for both sides. both companies can ipo. you have two dominant players in two large markets. one in the rest of the world, one in chana. -- in china. emily: did uber go about it run

-- wrong from the start? should they have had a china-based operator from the start? >> the biggest challenge for uber was not the ceo issue as much as coming in late. there is a natural network effect that a first mover can take advantage off. once you have the tightening of a marketplace, like uber is so dominant over lyft, it is hard. emily: when you look at the future of ridesharing, do you see a dual monopoly, one, two or three big players, or is it four, five, six regional players? >> every big idea is a global idea. as you see an uber, you see a baidu. what happens to the others? i think they get pursued and most likely they lose. emily: that was robin chan. apple has acquired an indian machine learning startup software for an undisclosed amount. it specializes in analyzing big sets of data. it is apple's third a.i. deal this year.

ai has become a key investment field for tech giants as google, facebook, and amazon compete to develop their own virtual assistants. tomorrow, jack welsh joins "bloomberg " as a guest host. that starts at 7:00 a.m. new york time. and filters, stickers, emojis. we will speak to a silicon valley content investor who thinks soon we will be chatting with pictures. this is bloomberg. ♪

emily: southeast asia's flagship right healing service grabbed teaming up with a startup to create self piloting taxis. until now, self driving technology has not been a priority for grab as it has been for uber. singapore is a good testing

ground with a local government eager to cut car ownership and congestion. for now, they are missing a manufacturer but nutonomy says they are actively looking for investors. now to jib jab, a company that will be creating slightest -- a company that creates personalized video will now be embedded within apple imessage. these are tools that allow you to customize filters, adding filters and effects. stickers are becoming more and more popular, widely used. third-party developers are excited. but why imessage in particular? we sat down with the ceo and asked why they are betting on apple above all others? >> the key difference between the platforms. facebook is focused on bots right now. apple can enable integration within the messaging experience that no other third-party messengers could enable.

they own the operating system. what that means is they can allow developers like jib jab to build services within your messaging exchange. other messenger platforms would kick the user to another app and then back in. that is a lot of friction in the conversation. apple can enable the product to be built within messenger and they can enable seamless installs of your app. if i send you a link, you can click it and download jim jab -- jib jab as well. that is how we grow audience. you can build a viral loop in i message that is difficult and other platforms. -- in other platforms. whoever receives jib jab content tap away from getting our app installed.

it breaks the flow of conversation. >> what is the lesson for the other messaging platforms? >> the lesson is, it will be very difficult -- the other platforms will have a difficult time engaging a network of developers to build these products into their messaging platform. apple can do that because they own the operating system. a lot of the other messagers will have to allow others to own this platform they are not used to owning. especially around content and tools that help people express themselves. they will have to develop first party tools as opposed to relying on developers. snapchat has done that. they have blazed the trail around owning the content experience within messaging. you will see other messaging platforms do the same. >> that is a phenomena too, on snapchat, of the user putting their own image into some lens like you do with jib jab. on jib jab, you have brands that participate that way.

>> clearly that is an opportunity. i think that is the key. snapchat realizes that communication is fun. it is not just utility. it is about creating fun experiences and giving users tools that make your platform the place people want to go when they talk to their friends. not just the message but, where is the most fun way to communicate with friends. >> what is the future? you made a big bet on imessage. what if it doesn't work out? >> we make big bets, but we are usually pretty cautious. we have been testing this thesis of content for messaging for a few years. maybe it is the entrepreneur in me, it is possible that it doesn't work out. communication is going to be a huge growth area. you see line which just went

public, $270 million of direct to consumer sticker sales. there are a few hundred monthly active users. we are talking much bigger audiences opening up. for us, it is about building businesses, selling that content to users, as well as in the future, syndicating content and tools to other platforms. emily: sarah frier with jib jab ceo. now to a story that is trending -- blackberry is selling a new device, but it isn't a phone. they say they have their first major customer for a fleet tracking device called blackberry radar. the canadian trucker caravan group will install 500 units. radar sticks on the back of a tractor-trailer container and updates the owner on things like temperature, locatn, and other data. it is part of the ceo john chen's campaign to use the patents and expertise for new industries. we will talk with john chen next wednesday after the company

reports earnings before the bell that morning. that does it for this edition of "bloomberg west." that is all for now from san francisco. this is bloomberg. ♪

angie: the more the bank of the yen is the more out of control. this was the fifth meeting that saw the currency gain by the end of the trading day, now trading at a one-month high. talks between saudi arabia and iran have failed to reach an agreement on an oil freeze. the opec members met ahead of discussions with russian next week. all of our analysts predict no deal in algiers.