angie: oil is surging after snnt producers agreed to the first production curve in 15 years. ready to reduce 450,000 barrels a day. english is now the prime wland.er of new subsidy he was elected unopposed after have paula nd will bennett as his deputy. unexpectedly stepped

down last week. he party is riding high in the polls in next year's general election. machine orders jumped more than expected howing a pickup in capital expenditure and down 5.5% from a year ago. rather, four points.4%, from october while estimates fall. global news 24 hours a day more than 2,600 journalists and analysts in more than 120 countries. bloomberg. let's take a look at how the markets have been trading. hong kong rading in and china. we're seeing a pullback from the gains we saw earlier this morning. this is bloomberg.

emily: i'm emily chang, this is the best of bloomberg technology. e bring you the top inrviews from this week in tech. e watch dogs send a message to tech, move closer to crack we'll do te speech or it for you. the celebrity treatment in valley at the fifth annual breakthrough awards. we will hear from the russian helped start it. and so much for burning the midnight oil. media saysf tech and the key to ultimate success is sleep. arianna huffington joins us in venture and fake news. should act faster gainst online hate speech or face laws that will face their hand. a voluntarily code

of conduct and support e.u. egulators to respond to the challenge of insuring that offer platforms do not opportunities for illegal hate speech to spread virally. review the majority -- now six months later, empg regulators say the companies reasoned living up to their and 40 cases are addressed in less than 24 hours. microsoft, youtube and shaved are creating a database of the severe terrorist their they remove from site. discussing the problems as they ry to balance regulation and free speech, michael in palo alto and in san francisco all berlin, bloomberg's caroline. > they want to see legislation

to force the hand. companies, 40% of the alerts, have been in place in the tackled in ths, 40% 24 hours. much more in 48 hours. they're saying, look, it's not can't do it, you aren't putting enough resources behind it. should be able to put more resources behind this. is notable, no wonder this being viewed by the e.u. at the moment, terror attacks have occurred in france. you have the refugee crisis just the vember, angela merkel, leader of germany herself was hinking of lending support to regulation to reduce hate speech because she feels that's behind droveave of populism that the italian election, the referendum. >> the numbers are different correct? >> that's what so notable. ot only is the speed slow, but

particularly slow in some of the countries that they're worried italy, 4% of the alerts tackled e speech are within 24 hours, 4% when it's meant to be 100%. austria, 111%, over the weekend as well, this is a that very closely had a notably far right presidential winning. these are countries that people and see worried about greater tackle against hate peech that they're so worried about. emily: michael, this is an issue that you have taken on for career. part of your you led reputation.com to tackle these very kinds of issues, what make of how the e.u. is handling it versus the united states? a good question, this topic is very hard for american to understand. we know what free speech means in the united states.

that's not the case in europe. it's important to understand europe. the case in speech is not protected including hate speech. there is a long history of ery radical violence in europe that has been met with legislation and constitutional that s over the decades create a situation that is different from the american situation. in question is normal europe. the second thing is europe is it.ous about there are two things they are facing. hey aren't responding fast enough and secondly the e.u. wants them to take a more view of what constitutes inciting or hate speech. they don't think the companies seriously.it now in america, these topics are coming up more and more. impact of fake news, an insighting here in america. russians were spreading fake news in the united states, maybe they did. flynn, one of donald

rump's normal knees spread and respread some news that was fake about the clinton campaign. his is a live and present question. from a business perspective, there is an important item here. an amazing ich is company led by amazing people is an unusual position. hate speech and the spread of fake news doesn't impact our because they don't really take that stuff seriously when they read it. emily: what should facebook do? aould it be behaving for like mea company, greater responsibility for monitoring or moderating fake on inaccurate news? michael: maybe the answer is yes. there is something that might point the way. the law in the united states ctually gives deep protection to copyright. so if facebook or youtube or twitter receives notice that the photograph that is being shared is under copyright of an owner and the not want it

distributed or shared in a way the copyright, those companies have to take wift action to remove or segregate those copyrighted materials. technology series of solutions that allow them to limit the impact and istribution of those materials once they're on notice. the same thing has never hurtful with speech or speech or emotionally violent speech, a video of a little kid online.at there is no law that requires it of these pages to remove if they're put on notice. think there is a technology solution here, a media or platform company, technology can of these problems if it's europe or america. f they decide they want to, they will. emily: silicon valley leaders the top minds in science. billionaire with

facebook investor next. concerns d me, the about the funding of science and under trump. this is bloomberg. ♪

emily: microsoft has completed its acquisition of linkedin after getting e.u. approval this week. to avoid a longer probe, microsoft promised not to tie to its windows office

software. this promise removes any worry might use the rivals.squeeze out thers had urged linkedin to look closely at the deal. execs came for an award the field of sissics. scientists rs and nd a special prize was awarded o a team to people researching gravitational waves when black holes merge. power players by ike mark zuckerberg, theco founder of google and anne, 23 me and a russian billionaire. he was about which prize most excited about. prizes here special

went to the collaboration of people for the discovery of gravitational waves. to us from black holes that collided a billion incredible d it's that we created technology to be able to detect this. prediction d the that was made by albert einstein 100 years ago. emily: you're very fascinated million project extraterrestrial life, will we find it in our lifetime? have a decent chance. the reason are that there are 20 planets like ours in our galaxy which is called the milky way. multiplied by a trillion which is the numbers of universe.ies in the

the chances that the opportunity reated one civilization are pretty minimal. i think eventually we'll find ut that somebody is out there and maybe they are a billion years ahead of us. then it will really be exciting. emily: you travel around the world. 40% of your investments are in china, for example. to me a little bit about -- are you concerned that this kind of or this innovation and technological suffer under ay the new u.s. administration? but i very early days, hink what is happening is an amazing global massive trend which is really empowering all technology and so forth. n the last 10 years, $2 trillion of value created around 25% orld, 2/3 in the u.s., in china and then the rest in

my rest of the world, so prediction is that in the next will years, this trend continue and many more trillions f dollars will be created in this exciting space. good on predictions it would happen next year, but i would bet in the next 10, 20 years we would e a lot of alue coming out of places like silicon valley, beijing, tel aviv, london. you have any concerns about the election of donald trump given, for example, ripping up the call from taking a taiwan or befriending vladmir putin given that you're from russia? > again, i'm not the best caller on this and i have really focusing on technology

around the world and that's what drives my travels. wherever there is technology to spendty, i'm trying a lot of time there. emily: facebook, a longtime investor in facebook. facebook needsat to take on greater responsibility when it comes to inaccurate news? should they consider themselves technology any or a company? >> i think facebook is very serious about this. major company like this, you recognize that there concentration of value in internet companies, 80% of value. them has a responsibility. applyhink it doesn't only to facebook. it applies to all of them around about things hink like that. emily: so looking into 2017, dividing how you're your time in terms of your travels and what technologies

excited about. >> i'm 80% focused on investing, 20% focused on nonprofit nitiatives like the ones we talked about and as we talked about it, 20% of our investments are concentrated on the u.s., 20% in the rest of the world. that's how i'm trying to allocate my time. when it comes to new technology, what do you like out there? where do you think -- what are fascinated by? >> there are some unstoppable trends. various approaches for driving and things like that. robotics.g trend is

when those two trends are converging, you will see lots of change. emily: that was russian billionaire. caught up with anne, who teamed and me p to create the breakthrough prize as well. e started by talking about her aims behind the breakthrough prize itself. take a listen. me, the goal of this was to make scientists celebrities are ay other people celebrities. zucker berg and sergii, they can reate a company and they're scientists and create a company awards. huge financial michael jordan and sports athletes and celebrities, they're all known. how do you actually make scientists part of the pop culture. any concernsu have that a trump administration

kind of oritize this funding? >> it's a concern. 'm hopeful that by things like breakthrough prize and more efforts to educate the youth, it oesn't matter what the government is actually saying as much. you'll inspire individuals to learn about it and getting involved. there is no government policy basketball. and are asking questions learning about it. emily: given the industry that we were in, given that this close to seeing a woman in the white house? to be honest, i'm wait and see. love to actually be able to judge when things are happening and i'm eagerly waiting to see ho is going to be the commissioner and h.h.s. and i'm

xcited about the idea of potentially more freedoms, obviously, but obviously want to supporting the fact that science is incredibly important. a sign tivic fact-based world i'm concerned. emily: what about the hiking drug prices? without a doubt, people, the benefit of the affordable care act, there are millions of are saying, wow, it's great to have healthcare. it willa doubt, people, be hard -- people want to have benefit. people want to take charge of their health. baby.kizer i have been a huge fan of themr, i would love to see take over everything. see pen-minded, eager to what is going to happen. once people have their

it awayre, hard to take from them. emily: you are charging them that o give data -- >> we always have done research projects. it's one of the things, the most exciting thing for me, i love that consumers are stepping they want saying their genetic information. more than that, i absolutely can make ell we drivers from this he is search database. sarcoma ople who have or migraines or some some kind f chronic ailment, help us understand why this is happening to us. we are able to so effectively our customers who come together, answer uestions and make really meaningful discoveries is a huge to mism of what we're able do in the future and make meaningful drivers. emily: the research you have can you give us an update on that, any diseases honing in on? >> like being a scientist, you

-- shouldn't be excited. i'm proud of our science team and how well the system works. we are making discoveries. running our unit and a number of compounds in development. labs in francis. i'm enthused and incredibly of ired that the database information will potentially yield novel therapeutic and fact that we can do it faster and more efficient other pharmaceutical companies. emily: the breakthrough prize awards in california. coming up, we get a silicon take on what trump's election means for cybersecurity.

nd the future of streaming television. this is bloomberg. ♪

emily: president-elect trump's transition team is considering a silicon valley investor who is to billionaire peter teal to lead the food and drug administration. his according to people familiar with the matter. capitol g direct at management but an unconventional pick. doesn't have a medical ground.

they have been a trained hysician or a sign tivic researcher. trump has chosen three generals advisors p team of including general john kelly for secretary homeland security, michael flynn for national security advisor and james matusz. e has extensive and recent military experience, so what does trump's choice mean for cybersecurity threats? discuss -- mattis has a terrific intellectual. an he is strategic. he has advocated for us when it's been necessary and successful. as a competent pick among trump's cabinet. the question is not about him in particular, but why it is that donald trump would say that he is looking to the defense chiefs nt and the joint of staff for this plan to

protect the vital infrastructure cyber attacks. looking to the defense general mattis or the joint chiefs of staff to rotect our industrial control systems, our dams, our water treatment facilities, our reactors, that's like, it's just not the right marines, calling in the to stop malaware is trying to with termite infestation a shotgun. emily: what does it mean for an doanization like the n.s.a., you expect them to focus on threats from russia or threats united states? >> the mandate is to monitor threats from external enemies. is scary is that trump he doesn't see russia as an enemy as the america's homeland, ihadist refugees or conspiring journalists, the concern is that he is --

"snl"? or anybody on >> or alec baldwin. he concern is, is he going to redirect that those cyber capabilities against the population and given who his advisors are, rudy proposed a stop and frisk on streets of america, why not in cyberspace. jeff sessions, attorney general, peter teal, a silicon valley whose main position is in the company he co-founded that actually makes the software that spy agencies use to monitor large populations. n.s.a. going to stop the which is part of the defense department from turning its on americans. he concern i have is whether general mattis will hopefully of the t kind of use n.s.a., there are other spy agencies in the government that report up to him. on the general mattis is

board of the very controversial blood testing company and as far tell, he is still on the board as of today. he would have to step down if he becomes secretary of defense. he also as we understand it, get the military to use the technology on successfully. this?do you make of >> i'm sure that general mattis had no idea that the test didn't work. hopefully what he learned from that, it's a good thing that we the f.d.a. to set the rules and apply scrutiny to what companies are selling to the public. hen we talk about cybersecurity, this is an area rules.we need these e need the regulatory agencies and the federal energy regulatory commission. to e agencies are trying identify, promote, and enforce

cyber standards among companies government agencies in order to make cyberspace safer for everybody. i'm hoping that general mattis, attention to the value that these agencies bring f.d.a. the emily: that was david. coming up, arianna huffington's the media should be covering president-elect donald trump. listen on the radio. bloomberg. ♪

hong kong.0 p.m. in producers agreed to the first production curve in 15 years. arabia says it's ready to cut more than expected promising 450,000 barrels a day. russia and the other noncartel pledged to lower output 558,000 barrels a day from january. there will be real cuts and

countries. >> bill english is officially of new prime minister zealand. he was elected unopposed by his party after two rivals withdrew from the race. stepped unexpectedly down last week. he inherits a party riding high of the olls ahead general elections due to next year. hong kong financial secretary resigned indicating he'll join the race to be the next -- chief v executive. he submitted the resignation to authorities in beijing. decided not to seek a second term because of pressure on his family. the policy may change with president-elect donald trump saying nobody can dictate to he talks. beijing protested after the from took a phone call the taiwan he's leader. threatened to grant china

as a manipulator. a check on how the markets have been trading in the asia pacific today. here is julia. little bit mixed in late trade. we're not only seeing the energy rally, but we have got dollar.kness against the australia's market closing flat seen.e the rally we have opec members and -- opec members. we are looking strongly at sales but production fairly steady. stocks have slumped in three

months. it has been a week since the and the hang seng down 1% despite the fact that you are movement] good coming through. selling mixed across the region. on the top of n the hour on bloomberg television. this is bloomberg. to the bestome back of bloomberg technology. i'm emily chang. influence enshal women in technology and media is preaching the ultimate key to sleep. is arianna huffington co-founding post has a newon venture, the way we work and ending the burnout epidemic. we caught up for an extended conversation. take a listen. >> my vision is to disrupt the work and live. it's not working. wasting eing companies hundreds of billions of dollars

lost lthcare costs, in activity, in high turn over. there is a solution to well-being of employees and recognize that and productivity are completely aligned. when we're exhausted and running empty, we are undermining our productivity and costing and individuals a lot, financially and every other way. we have three parts. we are going to corporations to them change the culture. consumer media platform that becomes the hub of this conversation. we have great content both from reporters and from usiness leaders like howard schultz and others writing how

they thrive. inally there is a commerce e e, both a pop-up score and commerce site. emily: you were not shy about for donald trump. the huffington post put trump entertainment section. this is the reality, the media should cover what he does, not says.he the problem is he keeps saying and tweeting inflammatory and things.rsial i wonder, how should the media president-elect trump given that the media is so often criticized by trump himself. what media should cover he says now as opposed to the campaign. is over.ign ow no matter how much anyone opposed donald trump, few pposed him as much as the huffington post, for him to

uccess, for him to be better than anyone thought he would be during the campaign. reaching out to silicon valley and leaders going important.ing is he needs to hear from voices disagrees. he e saw that when he had from someone he respected that water oarding doesn't actually work, he changed his mind on water boarding apparently. least after he he wash president obama, sounding a very different tune to obama care. listening, it's important, that he is surrounded whose views are going influential in policy.

media lambasting the saying the spread of misinformation is the greatest daniel that the media can do. think that do you facebook and twitter should do more to police fake or news?rate yes, i think everybody should. i think we have a tremendous responsibility. of us in the media to challenge the spread of misinformation, whether it comes president-elect trump twe peopleg that millions of fake news, lly, or promoted to the top and that are doing that, i think there is nothing more upon than to have the that we all right to our own opinions. to o not have the right you're own set of facts.

as truth, ch a thing acts, and we need to be absolute in trying to defend the truth and the facts. note, when it comes facebook, theyke say they are not a media company. should it consider itself a action toany and take that effect? >> mark says they are doing more have been doing. he already said that. t doesn't matter if you are a media company or technology company. has to do more. excited by the "new york times" editor. i'm curious what you would like pursue?er postu think the huffington needs to cover more news that

erhaps we wouldn't be so surprised by an election of onald trump if we understand how people in the middle of the feeling.re >> she is brilliant, fearless and kind, it's a fantastic combination. the newsroom is so excited to have her and i'm so excited to she is going to do. one of the things that is really mportant about lydia is that she has incredible global knowledge. she has been a journalist around world. the huffington post is a global company. 50% comes from outside the united states. 17 countries.n it's fantastic to have a who has -chief tremendous knowledge about how to operate a global media especially at a time happening is so much round the world, whether it's

aenea.or in south kor helm of meone at the huffington post is really a blessing. about the at&t lifetime warner merger in at&t is a competitor f the parent company of the huffington post. what are you your thoughts about that? interfered with the "washington post" while there were there. the e last time we spoke, verizon-yahoo! deal announcement was fresh.

-- he told me at the verizon thought that and yahoo! make a good fit, do that?elieve >> terrific injury. lydia as head, she would to play.eat part is going to what happen. in new ence on monday york and he is domestic, but obviously for 2017. what any thoughts on do?sa miers should recharge, a great future ahead. apple is said to be

pressing hollywood studios for aster access to movies, this according to people familiar with the matter. fox, warner are ers and universal moves. to provide they are considering a deal with option.itunes as one be d a new era for nintendo us.ng this is bloomberg. ♪

emily: this week fit bit acquired assets from pebble. excludes pebble's hardware. the deal is about mainly hiring software engineers and testers and getting intellectual

property. the price is less than $40 million. pebble's debts and others exceed amount. a year of transformation for nintendo. he company made its long awaited jump into mobile gaming. culture phenomenon that as pokemon go with more than half a billion downloads. announcement se from tim cook. >> please welcome from nintendo, the father of mario! emily: the first solo mobile ame super mario run would be unveiled on apple's i.o.s. it will be a think bigger hit than pokemon go. nintendo america president joined us from new york to talk

the upcoming launch. >> we are working very hard with at apple, our partners at d and a to make sure a serve capacity standpoint we're prepared. will be more significant than the $20 million to notify me. risky strategy, a different strategy, some have balked at the strategy. actually pay for that? >> to be clear, there are three within the game itself. different er 24 levels. from our standpoint, we believe high percentage of people who begin to play super mario run machine the full

application. say this based on the experiences i have had. hen they play super mario run, they are hooked. from our perspective, the upgrade to thell $9.99 is going to be very high. to y: what's the timeline get it to android? for now. said, it's focus on the i.o.s. iphone, ipad. we have made that commitment to android. happen in 2017. emily: any concerns about alienating that market? >> we don't think so because our focus is going to bring it on to devices as quickly as possible. for you, it's making sure that and thatience is great from a dmur standpoint, they access to this game. look, we see the market as all 2

plus smart devices out there. certainly it will be coming to platform as soon as you can. pokemon art of the henomenon early this year and momentum, how would you describe point?his >> when we have done special during thanksgiving, we see that gagement spike back up. we continue to provide new experiences to that okemon consumer that they're going to jump back in and continue capturing their pokemon. us, it's continuing to make ongoi improvements to the game and in the marketplace. billion downloads is a uge base of dmurz to continue activating. emily: sony is hot on your

games as new mobile well. how do you see the balance console he console, games, mobile games, et cetera this year? is o step back, our mission clear. we want as many consumers as engaging with our intellectual property and having engagement doing that. not going to do it with our licensed merchandise initial if i was. do something with the fans hat was tremendously successful. we're in other forms of ourrtainment exemplified by arrangement with union jerry sal studios. a tremendous advantage because of the stable of intellectual property. do you see the shake-up between p.c. and mobile? you want the game to be successful on all of these

platforms. do you see the most next ment, this year to year? >> we want to see them do it on home console business, on obile, from our+++

consumers that compelling experience that brings a particular form of technology to life. don't believe we have seen that yet. i certainly believe as many that do in the industry there are long term potential for that platform, but certainly not delivered on the numbers initially projected. emily: nintendo america president. facebook came out with its long hand controllers this week. it's called touch and meant to their hands while creating a headset immersive experience. he potential goes far beyond video games. >> imagine medical students in their own dorm rooms could put a pair of glasses and do

simulated surgery again and long, and again all night they do run through dozens of procedures and continue to get better continue to get all in just a dorm room. this will allow us to advance so faster than we have in the or screens.tbooks joins us on oonves $120 a share by 2020. this is bloomberg. ♪

emily: u.s. president-elect trump has invited tech leaders to a discussion in new york this week. point for the leaders of silicon valley to begin building

with an incoming administration it initially harshly d and criticized. scheduled for wednesday. discovery communications is preparing for a world where subscribe tolonger 100 tv channels. the media giant is focusing on consumers want the most in regional markets. in the u.s., the company has 2% annual decline and twork subscribers ratings pressure. in the wake of the at&t and time deal from the u.b.s. media conference in new york. it's at&t deal, i think another indication that every cable operator needs a mobile it oron, whether they own not. you see it in latin america as well. his pipe used to be multichannel. this pipe, it became hard phone, that sellsthe person you the pipe in the long run is going to sell you everything.

off december cked by announcing a major streaming tv , the most watched network saying it obtained air games. down with les moonves and began by asking about the distribution strategy. take a listen. premium primarily a content company. ur job is to do great content or cbs, showtime, the cw, sportsest. they're all going to pay for us for what we're offering. we don't need to be in the distribution. example, at&t with time warner, they went and bought the thing. did.hey >> you have distributors coming to knock on your door, we need you, we want to buy you. >> i'm sure there are

to ributored who would like do that right away. company, so olled that is more difficult. there, of people out especially when you see at&t aying a lot of money to time warner. a company like ours would be very, very valuable on the open market. >> have you had had any discussions yet? >> i'm not going to say. everybody,ussed with they say nice things things about you. have any concerns, with a big distributor, at&t in they could sort of favor time warner content over content? >> we're looking at it. a few weeks ced ago. we haven't weighed in yet on what we think about it. are you open to have the regulators come in, the way they

with comcast? >> generally speaking, i'm not a regulators. with the f.c.c. going forward, loosening of is a egulations, i would be a promoter of that. now, a ng on to directv lot of talk. out, why?ed to sit it always said wewe ill join any and we are in active discussions right now with directv. have different needs than some of our competitors who own of cable network. our centerpiece is a broadcast network. some financialishes and other issues like digital issues. deal with to make a them. to be part of it.

>> you have been a pioneer. figured out a way to include the broadcast stations in that. over the topto the world, can the broadcast conversations participate and ffect the value of your stations, for that matter. >> the thing is it resets the table. negotiations, they already were paying a lot of money to different cable and we were coming in after the party started. there is a brand-new network e broadcast should be paid more than the stations. more eyeballs mean more pay. think any of them can successfully without

stephen colbert or "60 minutes," we are a necessary any package. >> they're building a new exclusive content so rival doesn't have it. >> the ability to get all of the hows in a certain season, it's not to say if somebody made us a ity high offer for that that would be available, but exclusivity it really tough right knew. that does it for this edition of the best of bloomberg technology. latest of tech throughout the week. thursday, full coverage of selfie's app, the biggest tech i.p.o. in nearly a decade. streaming live on twitter. check us out on weekdays, that

now.ll for this is bloomberg. a

>> crude oil surges to its arabia level after saudi agreed to cut output more than previously agreed. hear on the back of a pivotal nonopec agreement. > the difference as we go country by country, but i was very plastic antily surprised to see so many countries respond by opec and russia to help save the markets. forwardng ahead, moving with plans to raise ll