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tv   Bloomberg Technology  Bloomberg  October 10, 2016 6:00pm-7:01pm EDT

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yemen. anre is a call for investigation. a glimpses offer inside about her husband's business dealings and there are clinton'sbout bill business dealings and the e-mails reveal turmoil inside of the clinton foundation. donald trump told the chamber of commerce that he does not have any observation -- mitch mcconnell told the chamber of commerce that he does not have any observations about the presidential election. to people on a conference call about focusing
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on keeping the house and not wasting his time on fighting the republican nominee. global news, powered by journalists and analysts in 120 countries. crumpton. bloomberg technology is next. ♪ this is bloomberg technology. buyers shares falling as lose interest in a deal and the haveng fire problems people wanting to capitalize. uber plans on becoming a market leader. twitter shares plummeted today
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during monday trading, as interest in a buyout of the company cooled. there has been interest from salesforce, and disney. n internaly penned a said, "we can do this." we are the fastest. we want people to be the place where people check what is happening. it is oh is good to have you here. -- it is always good to have you here. watchingit been like the ups and downs? >> it has always been a thing since 2008.
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they have made offers and we declined. the first famous one was the facebook offer. it was based on a joke, essentially. i will tell you the story. emily: i know the story. mark zuckerberg made an offer. >> i made a number that was too big for anyone to accept and he said, "ok." downs, i don't follow them. i don't look at the stock on a quarterly basis. great leadership thinks about decades, not quarters. the grand scheme of things -- he just got the job.
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one year. er of how long we go to high school. emily: how do you think he is doing? >> great. he reset expectations and said what the truth was. he did not care what happens. he said, "this is the truth." what he always does, thinking long-term and said, heoves -- as he has to make a lot of moves. that translates to projects places, whichight could take it while. when it is all set up, you execute and things go well. or, they do not. emily: the last time we talked,
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you said that wall street thinks in quarters and jack thinks in decades. will wall street give him the time? >> no. emily: then what? >> i am not a financial guy and i do not exactly know what they do. give up? i don't know. i think that twitter is like something we cannot uninvent anymore. the news loves twitter. has changed democracy, politics, the news. it is not going away. the world needs twittweer. you cannot give up on this. it is stuck. what do you know about a
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potential sale and what the board wants? >> i know nothing. everynd i have lunch wednesday and we stopped taing shop a long time ago. anasionally, he will run by opinion. mediumm on a board of and i always forget that he is on the board of twitter. emily: what do you think will happen? or "noyou see the sale sale." >> i don't know if this thing was even a thing and twitter never said they were for sale.
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i assumed that, since they didn't, they weren't. somebody recently asked me if witter can be independent. i said, "are you crazy?" there are hundreds of millions of people and tens of billions of views every day. compare that to a tv network and it is crazy. to chris, who said that twitter is a story of under achievement and potential never realized. he is hoping for a sale. >> i am not. say,nk that you cannot "never." there is many years ahead of
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independentn company and there is time to improve and move with the times. the core of twitter is live, breaking, go-there-first. the people who get the information first, win. if you get the information first, you win. that is sort of the basic elemental thing. that is what i think about twitter, these days. twitter can easily survive as an independent company. >> what do you think about the new strategy? bloomberg willat be streaming on twitter tomorrow. you have bloomberg. the debates, the nfl games. >> it is fantastic.
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stephen johnson wrote a book called, "where good ideas come from." he wrote about "thwe slow hunch." gwitter is that it's best durin best during shared moments. broughtne in the hudson everyone together and they were going crazy. twitter blows up. this, looking at the brightest spots of twitter, forward, that, going fantastic strategy.
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emily: you still have shares. >> i am not sure who was the biggest shareholder. i think it was somebody else's money. what was the question? emily: what are you doing with your shares. -- your shares? >> i am holding on. "can we do itid, now?" " said, "no. emily: tell us more about jelly later. we're going to talk about presidential politics. >> oh, goodie. emily: asking all partners to stop sales. exploding samsung
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phones and it is not clear if there is problems with the replacement note. we will be talking with our tech team later. the second presidential debate had a record-setting debate and we will explore the impact of social media on politics. this is bloomberg. ♪
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emily: the presidential debate d and a most-tweete driving force is millennials. what do they care about and how will social media influence their votes?
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-- ing me now is thank you for joining us. researchdone so much on what millennials care about and one of the things is gender equality. i am interested how the community reacts to this tape that surfaced and the post-debate conversation around it. debate was a surprise. we had a focus group and the ,entiment we are receiving is "where are the millennials and where is the issues that we care about?" it was a surprise, and not a good one. there are social issues and
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international issues that have come up during the election. student loan debt, gender equality in the workplace, closing the pay gap, it comes up as the most important thing. >> we had the debate on my wife's computer and i did not catch everything. was that it seemed like a middle school argument. i got bits of it, but it was women.you groped you deleted e-mails." i was like, one of these people is going to be president. been a lot ofas talk about the election being a race to the bottom and i wonder
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how younger voters are reacting to this? both candidates need the vote. at the numbers, the millennials are equal to baby boomers in this election. they are 31% of the electorate. will they turn out and vote to the same extent? >> they vote. >> they vote 20 percentage points more than millennials. young professionals were planning on voting and the 7% who are not voting said they are not voting because there was not a candidate worth voting for. we are optimistic about millennials in this election and we are becoming a majority of the electorate and the
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workforce. this president needs to be able to engage millennials and affect change on issues that millennials care about. emily: a big night on twitter and clinton and trump have used twitter to good effect. >> all the politicians use twitter. emily: some people claim that twitter and silicon valley gave donald trump a platform he would not have had. he has always been manipulative with gossip columnists and getting his name out there, getting people to write things that he wants and push the right buttons. he is a guy who i would tweet while you are drunk. some people just shouldn't
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tweet. uh, yeah, it is woven into the fabric and his tweets are a big deal. one tweak to make a new cycle. -- one tweet can make a whole new cycle. emily: how is this affecting things? >> it is positive and allows us to better understand the underrepresented voters. i am in favor of the conversation amplifying. where were the millennials in questions,e, asking to whattions related
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millennials care about. >> they are on twitter. what is great about twitter during the debates is that people get to argue with each other who would normally not. and pointset changed can be brought up that are not being brought up in the debates. that is what is great about it. totever tools you can use get in with others is great. emily: a lot of people in out andvalley have come supported clinton and been against trump. which candidate is better for innovation? fascinating that there
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aboutconversation technology, silicon valley, innovation. i want to see more. emily: do you have a preferred candidate? >> i am here and representing the millennial voter. in my early days of twitter, i had a switzerland-like stance. this time around, i believe there is a wrong choice and a right choice. think a woman president would toric and change the way women are thought of in the workplace, which would go back
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in early childhood. i work with donors and, you know, little girls are traditionally pushed towards the and humanities. that is starting to change. presidentat a woman a step in the right direction. emily: that sounds like a vote for hillary clinton. >> it does. emily: thank you for joining us. we will be back with more. ♪
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emily: jelly is integrated with twitter and users can ask questions without leing he
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platform by using a hashtag. ceo -- with me in the studio is the ceo. >> we want to be a search engine of the future and, for every question, there is a person with an answer. >> there is only human beings? there is a lot of artificial intelligence in search of finding i. question, there is a document on the internet that is good enough. and you a lot of things have not published everything you know on the internet. and deliver you a question that you know the answer to and you will be happy to answer.
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people love answering the question, when they know the answer. it is a fluke of humanity in our dna. what is going on with twitter is what you said, you can ask a question. it was anonymous. we realize, asking a question publicly, you limit what you ask. people ask questions on twitter answersthey want q from others. our searchs into find the person who answers the question and then it is sent back to you as a rey. emily: you are looking for a
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google and amazon home. interfaceure is no and we are really excited to be chosen as a launch partner for the google home. we have high hopes for this. voicek really great over and the answers are very concise. we just read them out loud to you. >> check it out. great to have you here on the show. talks of samsung and exploding phones next. this is bloomberg.
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hillary clinton at 52% and donald trump at 38%. trump wasonald released. but it was before the debate. gary johnson is at 9%. meeting of the energy congress, vladimir putin and the turkish president confirmed that both countries want to press project.h the turkish the police believe the man may have links to islamic state. least 17 are dead after multiple buildings in a degraded
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state collapsed in china. poor construction has been blamed for other accidents. this iscrumpton in bloomberg. my colleague has a look at the markets. good morning. >> it looks like it will be positive and it is already looking good and we expect the ins here.r there are earnings out of japan today, including a store operator. this is the first result, since they merged with a rival.
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have data out of japan today and expected weakness with the decliningde balance we are here in chicago with the fed president, who will be giving a speech here. if you go to bloomberg, you can watch this speech. from bloombergre technology. this is bloomberg technology. i am emily chang. inis time to greet the week
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news. the end of the smartphone wars could be around the corner with n award at stake. one of the most important cases these companies ever fought is underway. ais has the advantage of 40-million user console base. we are joined now to discuss the apple and samsung cases. one is on the docket this week. >> this has to do with the claim that samsung copied the design of the iphone and the idea was that it was central to the
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iphone and samsung would not have done as well as out it. proceedingser court would be $180 million for apple, if they win. >> i remember when the verdicts were rolling in and things have changed. talk to us about the back and forth and why we think the supreme court would do anything different. >> well, we started with four dozen lawsuits between the sides and there are only a couple of cases left to be talked about here with the federal appeals tort saying that samsung had give total profits from the
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phones and samsung appealed. they are considering whether that is too much and whether the lower court needs to look at the parts of the phone that were actually affected by the patents and whether the amount should be something less. how do we expect this to play out? we will talk about the samsung recall issue later in the show. theertainly, it is not priority it was at their peak fightple has this tax with the european union and who knows where the battery issue , but this is one of the smartphone cases and they want
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to win this. apple thinks that their designs were stolen and samsung says they are innovators who came up with their own design. >> i know that you will keep us updated on what happens. thank you. i want to turn to gaming. cory johnson is here with more. how do you think this headset will compare? that sony has every reason to believe they will crush anyone out there and that those businesses may not exist, because of that dominance that sony has. they have a big marketplace and they have a good relationship with game makers and they have
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solid games coming. the relationships with the good game makers go back and there are many units out there right now. sony has twice as many units out there and they expect this expectation ishe so much they care than they , if youpe for because have tome maker, you'll put up for the game to develop for the platform of oculus. or, you could develop for sony. emily: you would need to have an entire pc set up. broader long-term
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interest? it comes to price, it is not close. the prices are right, but they are wrong. and the200 to run is nothing, by comparison. console.u need the >> that is nothing. you are looking at competitive units that are 30% more expensive. if a consul is 20% more expensive, it gets market share quickly. this other one is too big to compete.
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if the games are close to equal, there is no competition. people will get the one they can afford. what did he have to say? >> listen to what he had to say. >> we have found, through experiences, that this is anense and it lends to weade gaming experience and will be learning things every day. >> all that matters is not the capabilities. all that matters is how much fun the game is to play. tetris, which did not require computing, made it fun to play. you can hear about this.
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emily: tetris was my all-time favorite, when i was tenures old. -- when i was 10 years old. sale with morere stocks worth $400 million. recent plunge, the shares are up and the company has not updated investors on the progress. the earnings report is scheduled -- november 4. we want to hear from you. we will be speaking with greylock partner, john lilly. we will answer them on the show.
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if you want to know what is going on behind closed doors, check out the new podcast. quiet going into the rivalries and uncomfortable truths in silicon valley. this is bloomberg.
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china's third-largest private equity firm is making a big bet on equity firms. earlylan on backing artificial intelligence startups and launch a new company from scratch every year. we began by asking how this
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partnership came about. >> this chinese conglomerate wants to be at the heart of this multi-sectora accelerator that would put them at the heart of this. behow will the information emerging and how much will factory companies be getting access to china? >> it is exciting thing about this deal. note thatrtant to this is an area where the chinese academics are pretty excellent and there are interesting papers coming out of china and they will be investing there will beand
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a bridge with the chinese artificial intelligence. hub for this? a >> i think there is a huge he is now a key person behind artificial intelligence. google has set up a global artificial intelligence center and other companies are following suit. it is a thing where you get key moments in the creation of a net go system -- of an ecosystem. nick,ve leaders, like from oxford, who take investment from elon musk. emily: the deals sent to
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becoming fast and are getting snapped up by microsoft. give us a sense of how many companies you want to be what companies are in the incubator. this goes across many of the sectors and we have launched another that ai can go through. companythe accelerated that is doing smart contracts and it is clear that this is a company that could benefit from artificial intelligence. another one is trying to use artificial intelligence to make icedthat this is a partial
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system operated and what is aiiting is the bespoke businesses and we will incubate to businesses a year and accelerate five. we are calling out to companies that are brilliant and we are saying that we can really help and we will give you the best of the best to help with large will enableand we you to do partnerships. that is what is important to acrossze and london is from fantastic corporate's and we have this at the center of the ecosystem.
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factory founder. there has been a high-speed transport set up from elon musk. there is no will world construction going on. paul allen has more. >> the hyperloop would usher in revolution. it is magnetically transported and it could reach speeds that are faster than a commercial jet. there has been a successful test of part of the technology. a place they would want to try ubai.r real is due b >> we are going to have to overcome regulatory restrictions and i could see this happening
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as early as 2020. >> there is a competition to design the hyperloop. a move in a very fast way. >> there is a time where they are feeling the pinch from the crisis. >> samsung is telling retailing partners to stop selling the galaxy note smartphone. more details are next. this is bloomberg.
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emily: to a story we are watching. apple shares finished at 82016 high.
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samsung is finishing constructing the note. there will be sales of the phone. we have peter joining us now from tokyo. they have stopped selling these phones and samsung has stopped making them. how devastating is this? >> it is a big setback for the company that prides itself as having manufacturing prowess and they thought they had figured out what the battery problem was. they had shipped about 2.5 million of them and discovered that there were these battery issues and they are in the midst of replacing them, when they found the problems. they need to get to the bottom of what went wrong and they originally said it was a problem
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of a battery supplier and it turns out it is the on that. whether it is different, they have not been able to say publicly. >> after weeks, they have not figured out why this is happening and they are not telling us why this is happening. buying.huge for phone do we expect customers to switch as a result of this? is a big opening and google just came out with high-end phones that will be competitive and samsung has been a historical leader in this. emily: i want to talk about uber making a bigger push in india
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ola.the incumbent is h hola.ope to unseat what are the advantages they have and how does it compare to the china market? >> in many ways, it is similar. uber is a u.s. company coming written byincumbent a scrappy 30-something. sell the business after the losses and they are the competitort and the big difference is that h ola does not have the cash that ubi had to push back against
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they could subsidizeer. and that created substantial losses. hola will have to be scrapped here. uber needs to show they can have success and they need to show they can go into these markets and not create huge losses for themselves. say that they have now expanded to 28 cities. we will be watching our tech editor. thank you for an update on this story. on facebookerg is live. he kicked off a session while barbecuing before the
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presidential debate. he took questions from users with current events and on barbecue sauce. for a full half-hour, he talked about loving brisket, ribs, how he prefers to hunt his own meet, and a how video is the content of the future. that will do it for this edition of bloomberg technology and we will begin streaming live on twitter tomorrow. you.nt to hear from we will be talking with john lilly. semi your questions. that is all, for now, from san francisco. ♪
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♪ >> from our studios in new york city, this is "charlie rose." here.e: steve aot is he is known for his energetic and infectious sounds. he is also known for his onstage antics, that includes champagne showers. says, his music does i have a personality. .teve has a personality with more than 300 shows a year, he has been called the hardest working dj in the industry. a new documentary on netflix reveals the lesser-known dimension on

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