>> this is the best of bloomberg technology, where we bring you all of our top interviews from tech.eek in coming up, the u.s. hit russian officials with sanctions over washington says was an unprecedented attempt to nterfere with the presidential election. the rise of the robots with u.s. crosshairs. we'll discuss whether humans and .i. can peacefully coexist and

we'll take a look at the biggest ax break news from 2016, from personal a.i. assistance with eusable rockets becoming a reality. the obama administration has imposed sanctions against state officials and institutions in retaliation for hacking democratic party emails. public first they say was an unprecedented attempt to interfere with the 2016 election.al we spoke with former cia analyst now senior policy adviser project visit. >> there are nine people ntities mentioned on this sanctions list. crucially there are two really big names. the inherit for

agency to the kgb, so russia's intelligence agency. the other is its military intelligence service. the gru. so, i mean, we've been speaking analysts all afternoon who say, you won't necessarily see targeted s at the gru as a result of being mentioned there, though individual members gru are actually mentioned as among the nine. signal sending a huge from the obama administration saying, pointing out the sort of seriousness of their intent to name and shame russian individuals and entities as they ahead looking for ways to punish russia for the election hacks. >> the name and shame approach has been used by the obama could tration before but there be any culvert actions going on as well? >> absolutely. you see this move today. this is the obama administration's parting shot against putin. diplomatic

sanctions, the expulsion of sanctions.and having said that, that does not close the door to culvert cybermeasures and we may or may not know about those if and when they happen. obama did imply this may not be fromast of the retaliation the united states on this which would seem his days in office to waning so if he's going do anything else, if this administration is going to do anything else we're probably not so it.oe the russians today came out saying they are likely to retaliate so one thing to watch, is to see if the united states faces any additional russians ks from the in upcoming months and whether or not the trump administration rolls any of this back when elect trump takes office later in january. >> the fact that we're hearing that y from the fact russia might bring these countermeasures as soon as people , what are the you're speaking to reacting to, russia?themselves from

>> i mean, what we would likely bew about in that case would an expulsion of american diplomats. these things tend to operate on tit for tat basis. you expel my diplomats. expel yours. that would be a very public move. obama the things that the administration was weighing in, in the last couple of months, these are discussions they have for some time, is how far down this path they want if they continue with culvert actions as well and press ahead with action that is perhaps attack russian infrastructure or wipe hard by hackers or accounts, ir bit coin you're getting into almost a cyberwar type of situation and hat could escalate much more quickly. this isn't why you the sort of expulsion of diplomats, there is historic precedent for that, over years and years but hen you come to really

escalating cyberwar between two you know, powers, that's something the obama administration and the trump to nistration would want consider very carefully. >> interesting you mentioned the trump administration. course, ard that, of these sanctions were in many parts bipartisan. we saw across the benches either wanting to push for such action but it looks as though donald trump himself perhaps has cooler to want to see any thing done to russia. we heard him speak yesterday. let's have a listen. >> i think the computers have lives very greatly. the whole, you know, age of where no as made it one knows exactly what's going on. we have speed, we have a lot of ther things but i'm not sure you have the kind of security that you need. >> he sort of says everything and nothing there that he wants people to get on with their lives. what do you think is going to be the reaction of donald trump when he moves into leading the

all of will he unwind this? >> i think what you saw today is a move that needs to be taken seriously. unprecedented, an executive order was revised to include deterrence against messing with any of our election infrastructure. that's now included in the executive order. individual in the future is to take any sort of cyberaction that affects the election in any way, leaking of emails or attacks on election system themselves, that's part of u.s. obama's d president executive order that we'll retaliate with sanctions. how trump to be seen will react. to say that computers complicate our lives doesn't seen a policy response. cybersecurity is one of the foremost threats the united terms of es in cyberattacks on our infrastructure, cyberattacks in of economic espionage on private companies, on our acility like the pentagon, on our nuclear facilities potentially. this is a serious issue so to with the it aside remarks last night doesn't common strip a clear cyberpolicy and it will be interesting to what donald trump does in

response to this russian activity when he takes office taken by theaction obama administration is not just about russia. art of imposing sanctions, diplomatic or economic in response to a problematic behavior, in this case, a cyberattack that impacted dnc servers and emails, is to deter nonstate actors, future state actors, from doing this sort of activity again. on this is position key to prevent that. not just in terms of punishing you know, i think, this might actually help the trump administration because perhaps we'll see less nonstate meddling in terms of hacking into email servers like this. just to take it global for a moment. of course, we've got french elections.net man they are land netherlands elections. ussia's actions are not just limited to the united states. reports coming that maybe the uk well.posed as

how much do you think this is a global issue? will other countries come in behind the united states? interesting to see whether or not, particularly with the administration sackses hat went into effect, if e.u. countries will follow suit and also designate those individuals and not engage in financial transactions, trade and what. see europe take action if they are the victim of the cyberattack. curious to see if europe jumps on-board with the u.s. everyone's best interest to make these multilateral and take a firm stand on this together. >> that was senior policy adviser for the counterextremism bloomberg's foreign policy reporter. this week, the u.s. accused making inese hackers of more than $4 million in illegal hacking the r servers of several new york law firms. it alleged they bought shares in five companies before deals were announced. some of the transactions nvolved chipmakeintel and

drugmaker. th ñ9 civil pushing to d is freeze their assets. coming up, holiday cheer echos amazon. why tech gadgets won out as shoppers got mobile. episode inder that all of bloomberg technology are live twitter.g on check us out at bloombergtechtv.

>> the consumer came roaring back this holiday season making its biggest gain in more than a decade. could the boost in sentiment pay off for the retail sector during holiday season? certainly there were signs of consumer strength in the online space. its best holiday season yet having shipped a billion items. the online retailer and its record sales of electronic devices. sean and eporter bloomberg editor at large cory johnson.

amazon is very fast and loose with the numbers they throw out. the fact that this was the ever.t holiday if it wasn't it would be a for ter, the expectation 25% year over year sales growth. they soldnow how many last year so we don't know what their number means and the reticent to release actual figures. rbc capital markets estimated the company sold about a billion dollars of alexa products. very little profit but the motion that it could be a much larger number coming in say three times that number, it starts to be a significant number, maybe not on amazon's scale where they are expect to do about $45 billion in revenue. it's good not just because it works for amazon, it creates an effect. things we found out with a study earlier this ar, more they use amazon echo devices the more they use

amazon. same way amazon prime customers become more frequent amazon.s of >> shannon, great to have you on the show. us a sense of the mobile element that you're covering, how much? used to be a buoyancy. i think before the big brick retailers, people talked about the app, it's the battle of aps. they know consumers are only to be using a couple of aps on their phone. dominating. maybe there are a couple of other retailers that can make a dent to have the app on your phone, that you're using, in real-time orring things while night, lying in bed at price checking from your app. o i think more and more, the debate won't be around who has the best website but who has the est app and best mobile platform because that's where consumers are moving in the retail space. brick and mortar are

playing catch-up. are they managing to lock in of this payment? >> i think they are obviously doing better than they were a couple of years ago, but when to cory talking about amazon and the sales of alexa nd the way amazon just continues to dominate the space and is drawing more and more consumers into their eco-system prime, with alexa, and echo, harder it gets for brick retailers. it's sort of like amazon is always two, three, four suspects -- steps ahead of them, as soon or three day o shipping amazon is doing one-hour shipping. they get a good app, now they something like alexa to compete with. they are trying, obviously, they are making some progress but i don't know if there are snins of slowing amazon down. also interesting if you ent to the press release, amazon went through category by

selling products, i went through probably 30 of those items. what i noticed these are cheap items, it was a power cord for $7.99. a bathtub baby toy for $#.45. the rices were so low expectation might be that amazon has virtually no margin, but by and havingmuch value tiny bits of margin they are taking money away from other pointing as shannon is out and that changes the nature of retail, to push it more towards amazon. fascinating, the way in which -- who is one out, shannon, rly today, consumer confidence, best in 15 years. i was really intrigued by not nly the breakdown from a generation point of view, consumers seem to be positive, 35, mel are over lenials, they aren't sounding too confident but if you're a it's not a pretty place to be. > to mention cory's point, amazon is now getting into apparel, one more thing retailers have to compete with.

year for apparel, i don't know -- it won't be awesome. consumer isrein the at it could be awesome but the consumers are just not wanting on apparel. there is not innovation going on. more excitement happening in areas like tech, where they would rather be spending their money. retailers were forced to offer bigger discounts than ever this year, so maybe able to get of presents for the same number of people but you paid less and the retailers got a smaller margin. so i don't think we're going to see -- nothing really has holiday at least this season compared to last season. benefit butremental not a huge boost. > 63% of millennial voters voted against donald trump. terms of the in optimism. if 63% of the populace votes against someone and that person they aren't feeling good about anything the time period in which they trumpolled was during the

transition team coming together and that may have had an effect n consumer confidence for millennials, maybe not affecting the way they are actually spending money. consumer reporter shannon. >> as we just discussed, the massive proved to be a success for amazon. speaker powered smart shows there is a lucrative onsumer market for the voice activated system in the home. something apple can no longer ignore. >> the top five most valuable tech companies in the world are all bettg big on the success virtual assistance that respond to voe commands. the race really started with surprise hit, the echo, powered by a digital assistant alexa. >> how many championships has dan morino won? >> he's won zero championships. alexa, how many oscars has won? balance win >> zero oscars. >> echo debuted in mid-2015 and 2016 consumer

researchers reported that amazon had already sold more than three devices. and it was cheap, selling for the relatively low price of $180 real pay-off was e-commerce core speakers. >> it actually adds into the system that amazon has where they only have a bunch of traffic coming to their website this is a chance for amazon to grab the traffic, which is not online. spending an s are estimated 10% more time on mazon.com after buying the smart speaker and. zone stock has popped more than in since the echo came out the u.s. so it's no surprise google action.in on the >> credit amazon for creating a lot of excitement in th space. e'vbeen thinking about our own unique approach and we're getting ready to launch something later this year. was google thing home. it hit the market in october, priced $50 less than the echo an

loaded with goog's own conversational interface, which eleant in us the the room. >> hi, it's me. it's sure great to be on the mac. apple assistant sira has been out for five years since it 4-s but n the iphone it's use has been mainly used to a iphone which could be problem for apple because by ome estimates only 20% of smartphone owners actually use it on a weekly basis. >> it's so important of a and amazon has so 3r50u6en that there is a ustomer demand and that it's a sexy new kind of interface for information, that apple would be throughout o get with a product that's similar. but it's all about the also entation and it's going to be a real disadvantage not to have been first. >> then again, apple wasn't smart phone or tablet market either and back in september, bloomberg reported hat apple is, in fact, pushing ahead with an echo style competitor. so we can only expect this

growing in 2017, with idc forecasting shipments 130% to 21 million. >> and we'll bring you more on the breakthrough tech of 2016 hits and the misses in the quest for reusable a little later. volkswagen is making another ove to expand europe's biggest carmaker for manufacturing. is buying canadian mobile market operator pay by phone. more than $215 million in transaction this is 12 1/2 million customers. responding to industry wide developments such as mobility services, automated driving and electric powering systems. the company emerges from its cheating ssions scandal. tesla -- and panasonic are

their partnership announcing they will begin production of photo cells and next year at a plant in buffalo. york.y in upstate new panasonic is vessel roughly a quarter of a million in the venture. deepening ties between the two companies, a factory in ing nevada. we'll find out how a robot is helping the mobile.e to become that special report next. this is bloomberg.

>> welcome back to the best of bloomberg technology. -- announced a based software firm

nnounced a partnership with a mapping consortium of several germ automakers. one of several. self-driving technology rapidly grows. under the deal mobilized sensors and h uses ata analysis, it will be integrated into his navigational mapping technology. hares rose on the news, the most since august. this year bloomberg business week's ashley has crisscrossed to see how pioneers in different countries are pushing technology.of in the season finale of hello seed he travels to chile to their unique take on the incubator concept. take a look. called the idea factory. whole for those in the brevity thing. they support tech. stop by to smooze. kids get a chance to learn.

build the factory to next google or facebook. it focuses on things for chile and south america and hole in unexpected corners of santiago. there are tech incubators all but you won't find many in a neighborhood like this. it has another building here set up to inspire local youngsters and give inventors a helping hand. ♪ bit more hings are a lively than in palo alto. place. suits the showed up on a demo day when kids from the neighborhood pour through the gates to check out gadgets. candy but lenty of nothing beat this. >> hello, robot. video like every other conferences robot on a stick but is basically lethal.

>> that's so cool. gadgets come from this man. local mething of a kanye west d has levels of passion. inspired invention is this whole chair. people can control it by tilting making a gesture. soon he hopes it will move by thought alone, by reading a brain wave monitor. >

surprisingly e gentle as they gave me the power telekenesis. two, three. ♪ >> that's crazy. > and you can catch the full episode of "hello world" this weekend on bloomberg television. more still to come klugman versus machine. we take a deep dive on what a automated world needs for your prospect in the coming year. bloomberg news check us out on the radio. you can now listen to bloomberg app.

loomberg.com and in the u.s., on sirius xm.

♪ >> will come back to the best of bloomberg technology, i am caroline hyde. this year's $80 billion deal between time warner and at&t has many wondering if mergers like this will be the new normal in 2017. there are growing pressures they continue to lose customers to online people netflix. so has cable tv reached a tipping point? we asked cory johnson and jerry smith, bloomberg news media reporter. >> you think about the television industry, it is like a slowly melting ice cube. there are 18 million that subscribe to pay television, but

they lose a couple million subscribers each year. media companies look around and they, this is not an industry that is growing anymore. we need to partner up and think whether it is a distributor or to a merger with another media company potentially. everyone is looking around in the fast changing landscape and looking for security. >> not an industry that is growing tv, but there is an industry growing on the back of it, the likes of hulu, netflix. corey: i think this over the top notion of subscribing tv is very different. there is a clear and present danger. they know that. warnerwe responses, time has had great responses with hbo go products. but i think there is also a belief that under a trump administration, they will be much more business friendly and let businesses do what they will. haveook, the reason they

been opposed to the justice department, some of them did not happen because they knew they would be opposed by the justice department is because there were war democrats on the fcc -- there were more democrs on the c. have the justice department is different under different administrations. the reason they opposed it was because it was that for the consumer. it will not be different based on who is in office, but the approval of these things might a different. >> we just heard him talk about the way media companies responded, some of them offering skinnier bundles, not 100,000 channels were auctions. is that catching on? gerry: we are seeing more and more of that. just recently at&t direct -- $135 ford directv now, 100 channels, but the price goes up. it remains to be seen how

popular these are, but if they do catch on, there is a real threat to the smaller cable channels. the media companies have more than 20 cable channels, and a lot of them get little viewership. if these packages caps on where there is only 20 or 30 channels in them, we will see marginal channels potentially it shut down. >> we will see a few of those names next year, cory. matters from the editorial standpoint. on the news basis, we want lots of news writers, not a few. , not a few. on netflix we have seen great programs, house of cards, luke cage. we have seen the same thing out of amazon where we have seen the man in the high castle, transparent, shows that would not have seen the light of day were it not for experiments in other places to broadcast, and society is richer for it. so this should consider

consumers -- concern consumers in, not just the balance sheet. >> we have seen the older guard consolidating. what about the new guard? hason has got -- jeff bezos a mind flashing there. will we see the older content requires? gerry: there is always some speculation going on. there was speculation about netflix, and disney at one point this year. another company we have not mentioned is buzzfeed. nbc has invested $400 million in buzzfeed, and we will see more and more of these old media companies and digital publishers joining forces because the old companies want their younger ofience, and the buzzfeeds the world really like the money that is in television. gry: to that point, that is a rote. it is the eighth round.

netflix is a business that does not generate free cash flow. we might expect the same thing about hulu. we do not know the financials of amazon prime. week there is still a frothy market here it is businesses can be supported by wall street when they can't support their own operations. that is the thing that could decide investment. if the rules of the road were to change, and ethics -- and netflix cost would rise, that could affect the valuation. disney you get a tippy -- cheaper -- disney we get a cheaper deal. acquisitionseeps from happening anytime soon. caroline: that was cory johnson and bloomberg news media reporter jerry smith. donald trump has credited sayoshi forma bringing jobs to the u.s. sprint will overturn positions

in the u.s. the company has yet to talk about these, but they will be in customer care, sales, and other functions. this came weeks after japan pledged to invest $50 billion in the u.s. economy, and they are part of his $50,000 -- 50,000 jobs commitment. >> that is coming from all over the world, they are coming back into the united states, which is a nice change. at one with 3000 jobs, a new company, and we have gone through masa, a terrific guy, and we appreciate it. caroline: it has been trade and globalization that have been blamed for the widespread manufacturing jobs in the u.s., but some are pointing to a different culprit, robots, then doing things that humans use to do. how will this disrupt industry as we know it? what can the incoming workforce do to stem the tide?

in 2016, we have heard a lot of discussions, former round trade policy. in reality, you look at the numbers, a lot of job displacement comes from technology automation, u.s. and factoring is an example. outputlook at the volume, it is near the out time -- all-time high, but over decades, the number of people that industry has employed is down 7 million jobs. the vast georgie is due to technology automation, not just -- vast authority is due to technology automation. caroline: there was a great study out of oxford saying half of jobs are at risk because of machines. are we going through a bit of a bill gates situation where this actually underestimates what happened in the short-term,

underestimates the long-term? could this be more of the jobs? dennis: i think it will be a general trend. it has -- it is different from policy where you can change it. in technology, not only does it tend to accelerate faster, you cannot un-invent things. think about the nature. things will always be after them we expect them to. than oxford?faster dennis: this year alone, the big items we were discussing in the -- the major in one was autonomous vehicles. that will have a huge impact on the trucking industry, one of the hugest employers in the u.s., and the other is on self-serve yachts -- kiosks. as technology gets your

powerful, you have to think it will be displaced, more high-end jobs as well. caroline: so this is helping re-skill or upscale workers. does the government say donald trump coming in in just less than a month, will we see a focus on three skill -- three skill -- re-skilling? dennis: training has to be a part of that conversation. that is what we do. there think about this, are two things we think about. the notion of lifelong learning, people working longer, conversation on if education is in the first stages of life. the world of work is changing quickly. people need to constantly learn new skills. the most important valuable skill an individual can have going forward is the ability to learn something new, which will be truly difficult to predict the future world of work.

caroline: you are coming in here, and you are talking about this. i want to know how much of 2017 [indiscernible] back frome fighting disrupted industries. we have seen worldwide effects not just in the united states but in germany and the you knighted kingdom -- the united kingdom. you talk about a fourth industrial revolution. do startups and companies that are doing disrupting me to talk out more about this and the ways in which people can be helped who might indeed lose their jobs? dennis: absolutely, that needs to be a part of the broader conversation. really alearning is new technique of education. in the past, most people think of education in the early years, k-12, higher education, if you are lucky to have a diploma -- it did not matter what happened afterwards. this goes back to the notion of lifelong learning that the need

to constantly reskill the jobs you do have to stay relevant. caroline: dennis yang. another tech company is fighting for an ipo. they have a list on the nasdaq under the ticket appd. check outcompanies their apps are web -- running so they can check for slowdowns and crashes. facebook has more competition in the live video front. twitter has updated their's go. it will now show 360 degrees live videos that can connect directly onto the service. this is gaining traction during live events. the feature allows users to tilt and rotate phones for a full panoramic scene. coming up, the short-sellers running -- warning that rattles in video. greatest stories could be a cautionary tale.

♪

♪ forline: it was a big week chipmakers. qualcomm was slapped with a $350 million fine in south korea for antitrust laws, raising questions for the profitability of the licensing business. shares in video fell the most in 19 months. people came out bearish on the company saying it belongs at $90. we broken down with cory johnson and stephen king. >> there are a lot of risks which everybody has been pointing out for some time. it is not breaking new ground. he says this is a company whic has done well in gaining a lot of the growth has put up. it has come from gaining. the automotive stuff, that is fine, but they are relatively limited at this point. he is pointing out with a new

news story has been. it is a lot of competition. caroline: i am checking out the rsi, relative strength index, it was above 17. we are now going down after the slump. with $90 as the call, that is 18% to go. how much she would be listening to these calls -- should we be listening to these calls? cory: he is a genius, but maybe not in this case. caroline: he did not talk about valeant pharmaceuticals. cory: he has done some good calls over the years. he does some really good research. it tends to be more of an obscure name. he lost -- when it comes to the big names, overvalued things, i don't think that is his very best suit in video, facebook for example. his research is not so unique and out there on his own. he is kind of calling into

question valuation issues, not -- notntal -- fundamental issues. it is not his best work. we will give him a break. caroline: it did not quite white out the moves we saw yesterday. qualcomm.sense -- coming out of south korea, but china, it is not the only place we investigated. million for qualcomm is nothing. there is a lot of money floating around. people have much more important things, much more concerned about the business models, 70% of the traffic comes from licensing revenue. anything that potentially affects how they are able to levy licenses is a big deal, and that is the key militant concern

that has been there and is manifesting itself. cory: it seems like this also gets to the core of how qualcomm is different from most chipmakers out there, not just because it relies on intellectual property or licenses as opposed to selling the physical chips, but also they had with that business model achieved market dominance. their licenses, their technologies are written into the very codes that make this work. so you can't really make mobile telephony without qualcomm chips. ian: that is their argument, without us, it the world would not exist. we should be getting our cutter back. -- you have got to remember they have been battling in and out of the courts about the very fundamental that south korea found them guilty of transgressing yesterday for years, literally for more than a decade. what happened is they tend to win. caroline: in chin they have had to reorient the way they price.

ian: that is one way of looking at it. the other way is how the stock market looks at it. they were really allowed to do business in china at all. this is a reduced rate, but that is not a great trend. cory: that seems like a glass half-full reaction to the news about china, when that settlement happened. fundamentally china says, you cannot do your business here at all. but they do it at such a lower rate and less a rate -- i'm curious what you think about the argument, the korean argument that says they can't or they should not be allowed to build against the entire handset just against the chip. how could that differ in their regime of structure? ian: that is an absolutely huge deal. what happened in china was concerning what would happen in other countries. $700, looking at the full retail price, initially 5%, 3% of $30

is a lot less than what they are getting now. caroline: how much can this impact rmb -- this is the impact. the licensing, it helps refuel the research and development, but it gives them a leading edge. who should be seen? if qualcomm continueso see these concerns and the share prices drop, who is the beneficiary? ian: that would be the handset makers like samsung. cory: apple would get behind this. lowerhey are paying a rate. that helps their margins. caroline: but video might be different. qualcommanger against in years gone by that perhaps they cut the market to drive out competition? try there has been no scouting. the argument is they make this argument 100%.

in video failed, and mobile they underestimated. it was nothing to do with qualcomm's actual power then. there were companies stronger than qualcomm in the past. qualcomm had the right technology at the right time. that gave them this initial lead. there are arguments about what they have done with this market power, but the technology decisions and that's that were made -- bets that were made were made a qualcomm. caroline: bloomberg technology's ian king and editor-at-large cory johnson. facebook and google rained to bring in the 2016 app wars. they dominated the list of the top cap according to nielsen -- app according to nielsen. facebook was number one with more than 146 million average unit users. not to be outdone, the company known as the world's most thelar search engine grabs

fifth spot on the list. gmail also made it into the top 10. coming up, we focus on the great moves of 2016 looking at rockets. the hits and misses. that is next. this is bloomberg. ♪

♪ caroline: 2016 was the year of populist movements from brexit to the trump election, but perhaps ironically the world's wealthiest seemed to benefit from the benefit against globalization, adding $260 billion to their coffers. if you break it down by industry, technology fortunes for the best -- second-best performing in the ranks. despite worries that a trump presidency might introduce policies that could hurt their companies. warren buffett holds the top spot, getting the most over the year, while microsoft founder bill gates and jeff bezos are in

the top five. to get a picture of the billionaires index, go to rich go. 2016 was also a year of dramatic progress for the commercial space industries aiming to cut the cost of spaceflight. spacex and blue origin showed that reusable rockets are key to slashing the price is. more attempts were added as well. we have a report. off of the falcon 9 rocket. reporter: 2016 proved there is new kind ospac race underway, one to daticevelop dr -- reusable rockets and dramatically cut the cost of rockets. atcex the industry on cost $61.2 million for a falcon 9 launch. his rival united launch alliance says it cannot get the price under $100 million until 2019. spacex believes by recycling the first stage rocket can slash

the price. that is why it was so important. after failed attempts in a floating barge, spacex a history in april, doing a controlled landing on a moving target. recorded three more ocean landings this year and two on land. impact for every one-way flight of an airplane you threw away. it would cost nearly $100 million. if you use the rocket, it is like air flight. it is able to fly around and be used again. reporter: it is not the only one. blue origin, which is run by amazon ceo jeff bezos, is also testing this. it has had five successes to date. but spacex's streak of luck ended abruptly on september 1. an accident of fueling led to an explosion on the launchpad. -- it is alled with

mix. it is highly flammable. it does not take much to cause it to spark and cause explosion of this magnitude. reporter: that has had a domino effect on the launch schedule. spacex remains grounded had plans to resume flight in september or push to january. the manned mission has been pushed to 2018. experts are not worried about the impact on the industry as a whole. marco: in five short years, this has become the establishment player in the launch services industry, and to come so far in such a short amount of time, to have a few problems as they have had is really amazing. reporter: spacex has a backlog of 70 missions worth more than $10 billion. bloomberg'sat was reporter. that does it for this edition of the best of bloomberg technology

. join us next week where we are speaking with aol ceo tim armstrong. and we are joined by the feet .ut -- the fitbit ceo we get his reaction on the apple app store chart. and we bring you all the latest intact throughout the week. tune in every day. remember, all episodes of bloomberg technology are now live streaming from twitter. check us out at bloomberg tv workdays. this is bloomberg. ♪

>> the following is a paid advertisement for time life's video collection. ♪ >> hi, dean. >> hi there. [laughter] >> bob. announcer: from the battlefield to the white house, from hollywood to the heartlands, america's entertainer was bob hope. bob: oh, this room is so dull and depressing tonight.