traded trump appeared with vice president-elect mike pence at a carrier factory in indianapolis and warned u.s. companies there would be concert for sending jobs outside the country. indiana will give kerry a parent company united technologies $7 million worth of incentives. west virginia senator joe manchin made the chosen for secretary of energy, according to a report from politico. the conservative democrat told the publication he had not been contacted by trump's team and has no plans to travel to new york. political also reporting chris christie is looking to lead the republican national committee. sources familiar with the talk say christie told the truck transition team he's interested in the job. the death penalty trial of dylann roof, the white men charged with killing nine black parishioners at a south carolina church, begins wednesday. roof faces dozens of federal charges including hate crimes in connection with the june slaying

at emmanuel ame church. he's representing himself in the trial. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm christine harvey. this is bloomberg and "bloomberg technology" is next. ♪ emily: i'm emily chang and mrs. "bloomberg technology." there may be dark clouds over start a plant, but two of tech's top startup sites are joining forces. our exclusive with carlos slim, mexico's richest man lays out his views on donald trump, mexico, and the biggest threat to his telecom empire. after lagging a navigation, apple get serious about taking on google maps and enlists that cups. we will explain.

first, to our lead. two of the coolest kids in silicon valley startup scene are set to get together. website that a young tech startups used to raise money from investors, and product hunt is a popular site for entrepreneurs. product already counted angel list's ceo among big-name investors. the terms of the deal were not disclosed. joining us is founder brian a bloombergell as tech's venture-capital reporter, sarah mcbride. why sell, why now? investor in product. he believed in us since the very beginning. it was the right time right now for us as a company to partner with them. we are thinking about our abouterm future, talking what their plans are. there's a lot of opportunities to work together. not only for funding, two

talents, to distribution and discovery. emily: you are also trying to raise money, i'm curious what you found in the fundraising environment. fundraising environment, there's a lot of talk about this and there has been for the past two years. it changed in many ways. we're seeing more and more people building products, and withcompanies, less resources, less time. we living in a world where distribution sales are good. all the different places to distribute our products. despite all this talk about the fundraising environment being difficult, it is a great time to be a maker and company builder. emily: why did you sell rather than raise more? strategy, look at our we are going long-term. when you look 10 gears -- 10 years down the road, how do we get there faster? many of it is through partnerships. we are looking towards revenue ngelist has invested into us a lot.

bloomberg has a new measurement out, the bloomberg startups barometer, which you say is down. what is a startup barometer? sarah: the startup barometer is a set of 4 different points that bloomberg looks at. we have gone back years to figure out the data from a long time ago, and the four points i will just show you on this screen, are the number of deals, the amounts that those deals raise, how many of them are first financing, that's an important metric of how healthy the industry is in the future, and the number of exits. simply how many have been acquired or how many have ipo's. bloomberg mixes that altogether with its secret sauce and comes up with this barometer. emily: it's a special sauce. would you echo what you are

hearing from investors and entrepreneurs? would you echo brought ryan just said about the environment? sarah: i'm hearing it's much harder to raise. if you look at the numbers, you see that far fewer companies are raising series a at the seed level, which is a leading indicator which will show a slowdown of those big exits in the future, but also it's a little bit hard to tell, because some of those funding rounds are going up in size. fewer than -- sometimes bigger. for companies that aren't kind of blockbuster, it's a little hard to get funding right now. emily: for the startups that you know that maybe are in the sort of transition period or middle ground, what are they doing? what are they planning? obviously cutting costs is the easiest way to get to that point where you have that hockey

stick growth where you can raise around. we are seeing that. people do shut down companies. when it doesn't work out, that's ultimately what you end up doing. it is something the environment is changing. to take advantage of angelist, this is what angellist was founded on, to help investors and founders raise money. the funding environment is shifting. the political environment has changed. how does that play out here? do we see more acquisitions, more tieups like this? do we see the cream rising to the top, if you will? sarah: i guess it is a cream to the top environment when the situation gets difficult. people say a really good company can ipo no matter what, but then there are these events that are causing a lot of problems. if you look at the barometer, you will see around here in the summer, this is right after brexit, that was just kind of an

unforeseen complication that hit all kinds of markets hard, including the start of market -- startup market. it's very difficult to tell what this administration is going to be like and how that will end up affecting startups. emily: ryan, you will be working closely with the ceo of angel list. what are the plans you guys are turning out? what has helped startups, given the environment we are looking at? this is early conversation during this whole process, what ngelist version of age and what is our vision and how will it come together. is way i equate this thinking about, what does it look like when facebook bought instagram? you looked at that and you would think instagram would be gobbled up.

quite the opposite happened. it has remained independent and it has grown to become a massive platform within the system of facebook. hunt, the ceo of product you will stay with me. sir mcbride, our venture-capital reporter, thank you for coming by. plus, a new product push. i sat down with the ceo aaron levie talk about what is fueling growth. >> one of the cool things about our product is it make sense for any size business and any industry anywhere around the world trade we do see dramatic expansion simply happening because new customers coming on board, we have 69,000 businesses that use product rate at the same time we are seeing continued expansion within existing accounts. some of our new products within the last year and a half that are sort of add-on products in terms of the revenue model, i have been -- have been performing very well. emily: coming up, we get our spectacle.ap

his insights on the product, next. this is bloomberg. ♪ spectacle. his

emily: there's in a major shakeup at starbucks. howard schultz is stepping down as ceo next year but staying on as executive chairman. the high-profile executive will the coffee empire and served two separate stints as chief executive officer. he's being replaced i kevin johnson, who currently serves as coo. johnson is known as a tech veteran before turning starbucks

in 2009 as an executive at microsoft. since johnson became chief operating officer, starbucks has anded out mobile ordering even delivery. investors are rushing to snap up shares of snapchat's parent company ahead of next year's ipo but they are having little luck with the typical sources of rivest stock, like employees and other investors according to a report by the information. consumers are facing the same challenges as a scout out the company's first hardware product, spectacle. we were able to get our hands on the elusive specs. >> how did you get your spectacles? i have a feeling you did not wait in line for six hours. >> i have some friends at snapchat and i called in a favor. emily: if you don't have friends at snapchat, the only way to get your hands on the snap 2

spectacles is to stand in line for hours at pop-up machines across the country. $130 a pair or up to thousands on ebay. he's one of snap's first investors, so he did not have to wait. emily: how does it work? >> there's a little button here on the top, and when i press it it starts recording video. you can see the light has gone on so you know you are being recorded. through stops, it syncs bluetooth to my phone. when i open my snapchat app, it will sync through to get those videos directly into snapchat. emily: the specs come in edgy colors and a more muted black, and charged when clicked into the case with a rechargeable battery. they have a certain cool factor, but you have to wonder if spectacles will actually make a cool dent in snap's business. when you heard snapchat was going to make something like this, was going to get into hardware, what did you think?

emily: when i have -- >> what i have found is that evan and the team demonstrated they know better than anyone else what their users will want. emily: ok. >> let me know what you think. and you are recording. emily: i'm recording. hey! the camera records circular video, allowing you to hold your phone vertically or horizontally to see the scene. >> so i went zip lining with my toghter, and not having worry about dropping a camera or phone, having -- being able to record that experience. emily: why do you think spectacle will do any better than these? >> it's kind of obvious just looking at it. emily: obvy, right? $1500,glass retailed at more than 11 times more than snap's spectacle.

he believes snap's price point will help get the product into the hands of the masses, but will spectacles be able to have long-term staying power? i will bring back the ceo of product hunt. you have not tried it. you just is a brilliant move. snapchat is executing so well on so manyyou just saw our little experience there. i'm sure you've heard a lot about it right what do you think? >> different levels printed is difficult for a software company to execute on hardware. they are doing it in a very snap making it fun. and also introducing a price point that is accessible for a lot of people. emily: brilliant is a strong word. of theirxecution distribution, they are creating these vending machines. it's one were vending machines cool? they made vending machines cool and marketing campaigns. are making them feel very exclusive, that's for sure. i walked into it feeling very skeptical.

you would love these if you are a huge snapchat user. it is so easy to get the video into your app. if you have kids, it takes away that awkward moment where you pull out your phone and your kid automatically stops doing that cute thing they were doing that you wanted to get a picture of. the do you think this is actually something that will add revenue to the bottom line, or drive usage in a big way? ryan: long term i believe this movement, it's not necessarily spectacles, but it's a first snaptowards hardware company, a camera company, however and puts it. snap starting with something simple that takes videos versus google, they approached it in a very complex and expensive product from the beginning. emily: so you think it is more than just a gimmick, something fun around the holidays? ryan: this is more the future of what snap is building. it gives some a lot more flexibility to own the entire experience. emily: gadgets in general are

kind of struggling. google blasted not work out. you have pebble potentially selling to fitbit, you have gopro. they had a number of layoffs. what is it really going to take to make some of these techy aside from your smartphone, really take off? ryan: not many people can execute on that, especially execute on hardware and software well. aside from your smartphone, really take off? if they can, it become so much more valuable. if you can own the entire experience and not depend on longer-term apple or google or android and other devices, then it becomes even more exciting. arey: what sort of trends you seeing between hardware versus software startups? ryan:if they can, it become so h more valuable. we are seeing a lot more -- smart everything is coming and it's been part of the meme in the conversation for a long time, but we are seeing more and more smart things. we have google home and smart ovens and all these different things connected to the internet

that do interesting things. we're still stupid early in that -- super eraly in that space. emily: ryan hoover, ceo of product hunt, thanks for stopping by. great to have you on the show. a number of voices are chiming in to talk about what u.s. innovation will look like under president-elect donald trump. today we heard from build i. he weighed in on technology's role in the u.s. economy earlier today on bloomberg surveillance. >> you can hate me, you can hate everything, you can be a miserable hater person, but what keeps the united states in the game is our technology, our innovation. i hear i'm hoping that we can find common ground in this, invest in basic research. if we had better batteries, we would change the world. if we invested in renewable energy technologies, we would be having jobs right here in the unitedi hear i'm hoping that wen find common ground in this, invest in basic research. states. emily: coming up, if you're thinking of a career change, we will show you how to start earning an income through your

instagram account. we will be live 5:00 p.m. eastern, 2:00 p.m. earlier, sixour ago p.m. in hong kong. do not miss this. this is bloomberg. ♪

watching,tory we're airbnb is toughening up home sharing limits in london and amsterdam. hosts will now need a license to read the in london for more than 90 years a year and more than 60 days a year in amsterdam rate is coming at a time when the platform faces increasing pressure from government street airbnb will automatically limit in 2017. instagram, it is a filled -- a network filters help average people's lives appear more interesting and fun. in this week's bloomberg

businessweek, our reporter discovers that being inta-famous is hard work. our colleague david durant asked him about it. david: you were like me. i had a small amount of followers. what did you set out to do here? how did you set out to become intsa-famous? --my goal was to determine just how hard this is. is it someone -- something anyone can do? there are people called influencers, is the term of art. they basically take money from marketers to try to sell stuff. and i found an agency that sort of advised me on photography and grooming and clothing and various other matters, and i just started posting these pictures on instagram in a totally different character. juico used box to try to eme my following.

it was difficult. it gave me an appreciation for my stuff and also showed me how contrived to some of it is. i cannot imagine why that was not leading to more followers. i want to make no offense here. the stylist, the groomers, they had their work cut out with you. they did a lot of work to do. >> that hurts, but i take your point. david: how do these services work? a couple hundred followers asking to become an influencer, willing to pay for that to happen. normally you have to have a high threshold to do that. how does one become at the lowest level, the entry-level, instagram's professional class? agencies, the professionals or provide to these influencers, they normally don't talk to anybody with less than 100,000 followers. they made an exception for the purposes of my article. to these influencers, the interesting thing with

instagram, there no easy way to get a following. there is no retweet, no easy way to be rebroadcast. basically we have to jump around in internet liking things the hopes that some of these people like you back. and then trythe interesting thih to have something that is worth looking at, which were these slightly ridiculous pictures that i took with the help of some photography and some stylists and great lighting. certainly ahere is genre of this. he looks a little bit like a paparazzi shot or something like that. the thing that was most discouraging was just that these pictures i had taken before on instagram that i really was proud of, it was nothing compared to these slightly cheesy fashion shoots i did later, which performed much better. david: i think they look great. some credit here to alicia siegal. explain how this works great

there is a lack of genuineness to instagram that i picked up. when i look at your bowl of granola, not a photo you took yourself. max: it is a beautiful bowl of granola. i did not eat it right i can't really tell you what the yellow blob on top is. as i was posting these fashion shoots and trying to post pictures i thought kind of look like what you sort of expect would be on instagram. my advisor said, these are frankly terrible. you need professional help. there's a class of photographers that basically sell lifestyle content to instagram influencers as if it were a magazine. emily: bring it. our bloomberg businessweek reporter with my colleague, david

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show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. >> and christine harvey and you're watching "bloomberg technology." starting with the french president francois a long, he says he will not seek another term in 2017.

the embattled leader has seen his popularity hit record lows after a number of terrorist attacks. aland made the announcement today in an address. thailand has a new king. the country's crown prince formerly takes the throne to succeed his father who reigned for 70 years. known as the 10th king in the dynasty founded in 1782. the former u.k. prime minister tony blair plans to invest $10 million in a new policy institute despite the rise of populism. the tony blair institute will serve as a platform to practice policy for the so-called center ground. blair's been a controversial figure in the u.k. for bringing britain into the iraq war. hundreds of victims of reported child sex abuse was in british football clubs. a significant number of calls

were received after former players made allegations of abuse against coaches. more than 860 people have called the hotline it set up just one week ago when allegations emerged. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm christine harvey. this is bloomberg. after 7:30 a.m. in hong kong, 10:30 a.m. in sydney. bloomberg's paul allen joins me now with a look at the markets. good morning. paul: good morning, christine. we're off to a fairly weak start on the asx. take a look at the organic food producer, bellamy's. that has lost 1/3 of its value in the first half hour of trade. a bit of story for graincorp, of about 1 1/4%.

discount,tty good about 3% on thursday's close for graincorp. almost doubled in value this year, take a look at the action thursday night. it was back up almost 9%. thereof analysts speculating about speculation, much as you would expect. nikkei futures also looking flat. 2.6%,quarter gdp, narrowly missing estimates. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ emily: this is "bloomberg technology." silicon valley heavyweight and trapped transition team member peter thiel is known for being a contrary in when it comes to

everything from politics to his investing philosophy. his thiel fellowship gives $100,000 grants to 2 dozen college-age students each year on the condition that they drop out and start companies. two people behind the fellowship started their own venture fund called the 1517 fund. joniing me now to discuss is the cofounders and general partner. you guys have been at this for about a year and a half now. you have both been working with peter for a long time. talk to me about how this fund actually works. how is it different from the typical fund? >> as far as a typical venture fund, all venture funds have some sort of goal or mission air trying to achieve. ours happens to be focused on people in high school and college and helping them build companies. emily: so you really are looking for the next mark zuckerberg, because you are looking for people who are really young. >> yes.

emily: talk to me about the people who are backing in. as i understand it, it's not necessarily a return. >> they are interested in this mission to find people who are working on things outside of track institutions. we are not against education. we believe in learning by doing, and the types of individuals who are so committed and passionate about what they are working on that they are prepared to leave school, they tend to be really interesting, dynamic people. our investors are interested in talking to and working with those people we funded. emily: you have been working with the thiel fellowship since the early days. what do you think of this idea that kids should not go to school, they should start companies instead? >> i work an alternative education for a long time, i worked with homeschoolers and started a starter school that has any goes of learning by doing. i was personally drawn to the thiel fellowship because it's the same thing of learning by doing, going out there and starting something, and making

sure young adults are not infantilized for too long is really important to me. emily: what kind of success has thiel actually had? >> for the fellows who started companies, a lot of them are tracking very strongly now. forget the exact number, but it's north of $1 billion in market cap aggregate. the tailwinds are really in our favor. people starting people starting programming at the age of 12 and by the time we meet them, maybe they had 8 years experience. they have role models that they can copy and emulate. we expect to see a lot more great companies come from them. emily: what about the times it doesn't wrok out -- work out? has it been a waste of time? have they learned something? people, thereoung are a lot of opportunities for them if they start a startup and it doesn't go in the direction

they want to, as lots of opportunities, whether it be hiring, go back to -- going back to school. being out there and being able to see someone at the age of 18 and 20 years old, i've been out there, i've raise money, i've managed a team, that's a lot more experience than a lot of young people get. the opportunities are still very bright for them no matter what happens. emily: what has he told you about what he hopes to see? >> i think he loves that this is an extension of the scene behind the fellowship, which is really supporting people outside of these institutions, helping them on extraordinary careers without any kind of authentication by some authority. the name of our fund, 1517, comes from the protestant reformation, the inside joke there is that martin luther nailed his the seas to a church door protesting the sale of indulgences. these were pieces of paper that the church's sold at great cost

telling people of the way to save their souls. likewise we say that universities are selling a piece of paper called a diploma telling people it's the only way they can save their souls. we think it was all for then and it is false now and that false mission really resonated with peter. emily: thiel has been trying to get some support in silicon valley, some folks on a team to help advise president-elect donald trump. has he asked either of you? >> i have not been asked. emily: what do you make of the support for donald trump? >> we were surprised like everybody else. >> i can speculate beyond peter's public statements. it ties into a lot of the themes he has been thinking about. broad economic stagnation across long periods of time. inond what he has said public about shaking things up, i can't speculate. emily: are you guys excited

about donald trump? are you nervous? >> as a libertarian, i tend to look at different ways of reforming institutions and democratic votes. i look for other opportunities. i hope things wrok out -- work out. emily: so this is -- they are doing research, right, to build a city or island off the coast of california where you would start over, have your own rules, new laws, it was parodied on hbo's "silicon valley." what is the actual progress been? >> is not specifically to build a floating island off the coast of california. it's really about, there's no more land left in this world for people to try new experiments and governance on. the idea is, can we try new rule sets? there is some good news this week. a memorandum of understanding

that would allow for the creation of a zone in the coastal waters for a platform where people might be able to run businesses under a different set of rules. emily: do you believe it will happen? if so, when? >> the chinese are building artificial islands in the pacific. inevitably in the next 50 years, there will be people who build structures at sea that operate according to different rules. emily: california thinks 50 years or so? >> i hope so, for our sake. emily: fascinating stuff. we will have to leave it there. thank you so much for stopping by. watching, are state-sponsored hackers carried out a wave of destructive attacks on saudi arabia over the last two weeks. the hackers broke into the agency that runs saudi arabia's airports and erased data. they are also believed to have hit 5 other targets. digital evidence reportedly

suggesting the attacks came from iran. air travel ory no airport operations were disrupted by the attacks but it was believed to be a show of force. we will pick up on state-sponsored hacking tomorrow. laura galante says russian hackers did more than leak dnc emails, they helped spread fake news stories on social media. do not miss a conversation tomorrow. up next, apple snaps has not exactly been a darling of the tech world, but the company is putting a lot of resources behind it, now including drones. we will bring you that story coming up. ♪

>> how bad is it?

>> i'm sorry, gavin. it's apple maps bad. emily: that is a clip from "silicon valley." apple mavs is not exactly been loved by its users. -- maps has not exactly been loved by its users. google maps has dominated the space. i will is making serious moves to change all that. mark garman wrote about it and he joins us now. to they are using drones, try to take apple maps to the next level. how will this work? >> apple maps, the launch was bungled, but one of the reasons it was so terrible at launch is because they had so much data they were pulling together from

different providers, some providers including tom-tom and smaller companies, and they did not source their own data. a couple of years ago they hit , similar to what google has done for a decade, and they are collecting their own data using camera sensors. very expensive, they require a lot of manpower. but drones are smaller, they can fly around and really get into areas that vans cannot. have turned to drones. emily: so they have gotten faa approval to do this? stoppedgust, faa requiring exemptions and approvals to fly commercially, but apple is sort of looking into this earlier in the year. they got approval in march, and this allows them to fly the drones around. the key is they can't go over buildings, over people yet. they are limited for the time being to regions are not regulated, such as amazon using the u.k. for some testing. over time the faa will relax

their restrictions so apple will be able to do more. google, they have done drones through their skunk works program. other companies have done this before. it's a popular technique to really survey, construction sites do it. you can see a lot of people flying drones with cameras to try to get a look at how far it has gone so far in terms of construction. there's been lots of maps and construction related applications for drones in the past. adding someare also new features, indoor features for industry and strict tommy about these. >> beyond the drones, which is a long-term initiative to improve data, they're looking at at least two new features. one of the features would be indoor mapping. over the last couple of years, apple has been using wifi, to traffic,ap out high high-volume places like malls, airports, big museums, parks and such.

this featureease as soon as next year, you will be able to navigate these places with the maps set up on your phone just like you can navigate walking. by now the google maps app will tell you, you need to get into these two lanes. now apple maps will be able to do that next year. emily: how optimistic are you about this? you talk about them assembling a new team. the you think they are really putting in enough resources here? > it appears that apple is taking this super seriously. maps is not a financial element of the company. they don't rely on it like they rely on the iphone. it is a key platform that is part of the iphone and they are really showing dedication to this. apple had a bad launch but that was years after google's launch. apple has progressed so much over the last 5 years, but there

is so much room to still grow to match google. emily: hopefully they don't get another spot on "silicon valley" for that reason. sticking with apple for a moment, chipmakers dropped the most in five months after reports that apple is reducing orders for iphone 7 parts. as you can see, among the worst hit today were broadcom, qualcomm, texas instruments and thursday trading. coming up, carlos slim, one of the richest men in the world, joins us for mexico city and takes on at&t's aggressive pricing strategies in mexico. this is bloomberg. ♪

emily: billionaire carlos slim, mexico's richest person, joined us earlier for an exclusive interview from mexico city. at&t's aggressive pricing strategy in mexico are causing the companies to quote, lose a

lot of money. he also chimed in on u.s. president-elect trump, saying mexico needs to return its focus inward after his presidential win. bloomberg's erik schatzker caught up with slim from the mexico year ahead summit. >> we are mainly in latin america. we have a big operation in u.s. always take care of our investments because we cannot get the technology capacity to offer to our customers the best service and we cannot stop this because of that reason. sometimes it gets cheaper because now we pay less for what we are going to do in dollar terms. we'll be lower. in local currencies will be cheaper. erik: the concerns that you have about the effect of trump

policies on the domestic economy and america's standing in the does that change the calculus that you may have for some of your assets in the united states? you own a very large wireless company. i think there is change about that. he's talking about climate look what he's going to do because he's not telling that he will get out of climate change. that's very important. one time he say that he will get out of everywhere. army,t to make a stronger a stronger country, and maybe he's looking to negotiate the resources that will pay for that.

association to make u.s. pay less for many of these things. i'm just talking about corruption in washington. that's good for everyone. erik: rooting out corruption. i would like to think rooting out corruption is good for everybody. >> i know. erik: i mention this business you have. what is a long-term strategy for that business? is it to continue as it is now, to maybe merge it with the wireless carrier, or perhaps to sell it? like we are doing, we need to follow what is happening in the industry. the industry is moving very fast, and we are alert of what is moving, what is coming, and depending of all these things, we will take a decision in the right moment. erik: what is more likely to happen in the longer term?

>> the longer term is difficult wedefine in this moment, but are working in the short-term to what we have done to make it profitable. it's a good operation, a good market share. erik: here in mexico, your former partner is now the greatest threat to your wireless business. his at&t playing fair? >> we know they were going to come to compete. we open the door, like they have a big piece for many years of american mobile. in 1991 they have 10%. in 1991 they have 10%. and, we open the door to them. we don't to buy the part, they will not be here.

they are getting very aggressive, maybe a little more. they are losing a lot of money. you can see that in the balance sheets. that's --arket, that's the stuff that they take. it is very surprised and that is for me surprised, they are selling very low price here, less than 50% of the price in u.s. that means it is a surprise that they are selling -- not at the u.s. prices. less than 50% of the price increase. erik: is that anticompetitive behavior? >> i don't know, you judge it. erik: i think you know more about those regulators and i do. what can you do to stop at&t from taking your market share if

they continue to price at that level? >> they are not taking too much market. they are subsidizing too much the concepts. they are taking some markets also from competitors. as much as it is work for the consumers, we are happy. with: that was carlos slim our very own erik schatzker in mexico. in this edition of "out of this world," the international space station lost in this other supply mission, and unmanned russian space craft with nearly 5400 pounds of food, a quitman, took offnal effects from cousin extent thursday morning. six minutes into the flight, the rocket exploded 118 miles above the ground. the russian space agency said most of the debris burned in the atmosphere. the six person crew aboard the iss is not in immediate danger of running out of food trade the station is stocked for an event such as this.

this is the fourth field cargo mission in just over 2 years. the next supply mission will come from japan on december 9. that does it for today. "bloomberg tech," starting on monday the show will be live 5:00 p.m. eastern, 2:00 p.m. pacific, 6:00 a.m. in hong kong. this is bloomberg. ♪

♪ >> from our studios in new york city, this is charlie rose. charlie: alexander leventhal is well known in the financial community. she is ceo of leventhal and company. she was diagnosed with tremors at the age of 30 coming of andrder that causes shaking affects 10 million people. a new drug called high-intensity focused ultrasound using 1000 ultrasound wave directed at the area. on august 22, she became the second person in new