♪ i am caroline hyde. at this is by the best -- and this is the best the bloomberg technology. all of the industry leaders from the consumer electronic show. including our extended conversation with barry diller. armstrong joins us as verizon continues to monitor the options. swerves.ords -- tesla

first, to our lead. the ces show took over las vegas this weekend. they showed us an early glimpse at the tech scene. scene, aig fast-forward for media. barryebb caught up with diller. is subject to a day or two being a negative drag, then you have a very lousy business. that it all today's ridiculous silliness. >> there have been merger you hear any of the deals been redirected. >> that would never happen. , if you areeholder

on a special committee. to get by, forng anything but a bargain sale price. if you're another company when i can sell it for anything but a premium. >> how would you try to turn around paramount? how can it be done? >> make better home movies. the movie industry is the simplest business, compared to what is going on here. narrative story on a big screen is very simple. you have a story and tell it, people like it or not. there is no attack involved, -- tech involved. , a lot of techy companies are making huge

strides in this space. do you think companies need to own the content? why is that? >> no, if you own content you want to distribute it everywhere. if you are engaged in distribution, like apple, like amazon, they are essentially distributors. they can get anything. they do not need to own the product. to produce going contents himself -- and themselves that is another thing. they don't need tech aptitude, you need to make editorial choices. we are developing video for a platform to anyone to use.

ways ishe most recent why don't you put your content on vimeo. >> other ideals we should keep an eye for? >> yes. >> can you give us an idea? >> no. business, inuch in weeks, months, years we're going to be at this. just are independent, we are not owned by totalitarian business. because of that independence we can balance it. >> now, you talk about the , is thereeo series imeo as aill go to v competitor. netflix willis

platform.a monumental i do not think anybody will ever be close to that. theythat does not mean essentially take the market share of the world. room forplenty of and those who have millions of subscribers. fromat is the take away cable tv? >> i don't think anything really kills anything dead. >> unraveling? sofor the last 40 years or you have had cable being the only place you could get a bundle of programming. get alled, now you can

you need from an internet connection, you can get it a la carte. cable has to evolve. it's phase of warehousing everything for one price -- what you think is the model that could go through? what you think is the successful way for a cable package? >> i think if the operators are in the data business, and no longer in the programming business. margins, thealthy programmers make more money. now, when you have sony different alternatives, there is a vast competitive edge.

>> can you explain the rationale is the time warner and at&t deal. do you think there is a logic behind that deal? >> i don't that think there is a lot of industry behind that. i don't think a data company needs to own a content company or a tech company. i don't think at&t needs to bone content, i think they should buy content ar. it will be particularly -- talk still ahead, we will with a ceo who looks the deal between verizon and yahoo! goes through. next. a reminder that all episodes of bloomberg technology are live streaming on twitter. this is bloomberg. ♪

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caroline: alibaba continues to crack down on fake fenders. this time taking legal action against a few sellers. are seeking $200 million in damages. this is part of an aggressive plan to combat fake goods from prop 8 -- from popping up on the state. about 180,000 store platforms in the last few months. security is a big hot topic especially in wall street and washington. a meeting to discuss whether the russians did impact the election. announced its first -- second major data freeze. we had cory johnson catch up with the ceo of yahoo! for more. >> the yahoo! deal for us is

strategic. close, iting it will is split into two areas, one would be integration and , we have very strong relationships with them. the second bit from the bridge is that verizon is handling the .reach research we do not have any comments on that. the strategy and execution side of things were on track and hopeful that the deal will close. we will know more the first half of this year. doing aur team is thorough investigation. they will have more to say in the timeframe ahead of us. cory: it is it -- is it their -- is itl theoretically possible for the

breach to damage the brand? >> i think that is one of the things yahoo! is looking at. they are looking at the total affect of what the breach was, and what the output are. the standpoint of where we sit right now heading into 2017. our surgery is clear heading into 2020,? is a part of that strategy. them -- theld keep tests we have remain in track. this is a piece of research, an investigation that is still ongoing. cory: the size of the business of yahoo! is not properly understood. it is just such a big business, so many users are there. when we look at that access, what do you see, the noise of

the headlines dominates the discussion. what you see as the underlying asset in the value? in a world, we live today where there are hundreds of billions of dollars, there are hundreds of millions of consumers that are mobile first. yet who is one of the largest on the consumer side. standpoint, when we --k at this can soon combined assets, we would have a very big footprint along with verizon. it is very strategic, verizon has data and getting mobile consumers usage. informationbreach and the investigation, but from a business strategies that point especially when you look at the next five or 10 years, what

these companies represent is a very unique opportunity and scale. we have gone from consolidations to industry consolidations, verizon has been very forward thinking, very clear in the execution of where the world is going in media. we are excited about that. we are excited about yahoo! and the team overall, there is just one issue that needs to be resolved or it i am looking through that on my side. i think the strategy remains intact. cory: i think the strategy of consolidation is very different than itt -- at&t and verizon. you see a big pile of assets, you mentioned techcrunch and these sports all of smaller pieces of content, a kaleidoscope of them. at&t seems to be going big with time warner and hbo, that is their content.

i wonder if you could contrast those strategies? >> you know that time warner strategy well, i have a lot a respect for their team. know what then't business model and at&t is. i do know the verizon business model, i know the plan which is essentially to bedtime where the future is going. it is a very strong connectivity -- 5g havingith fiber and faster connectivity. you do not have the look far and wide to see where the linear tv landscape has changed. i think if you contrast the strategies, within five or 10 years that digital focus, mobile focus that verizon has put into place is a very strong strategy.

after spending 20 years in silicon valley, across the globe , we wanted to put our money with verizon. winning the connectivity will be a tremendous asset. we have two charges, there will be a lot of room for tailwind in future growth. i think will be interesting to see where we end up in five or 10 years. i feel very confident in what's verizon strategy is. i do not have any doubt that we will be a big player in the future. bitcoin hasming up, a new year lease on life. they had multiyear highs as they closed out -- certain of 17. ford model s missed

estimates. this is bloomberg. ♪

♪ caroline: it was the best currency in 2017, it looks like they will still have run. joined by the partner of growth ventures. happens on the future is bitcoin. they are adjusting -- they are something that nobody understands. there are dozens of crypto currencies that have launched. only a few of them have gained any traction. trained on one of the most reputable coin it -- exchanges. there is another called ripple or it it is a crypto currency that is between a bunch of

banks. they are looking for a a lot of collateral work together, to managing a currency. there is another that is fully anonymous. powerful,er is very why is it so good? because it is easy to understand. the promise, the excitement of onlylock change, cannot have a currency value that is tradable but also have a preset instruction. you can preload these tokens with a set of rules to have your shares vote. divorced,ried, to get they will be preloaded. a derivative with rules. you are committed to the rules.

everyone will know that the contract is self-executing. there is a lot of exciting stuff happening on the future. bitcoin, even though they are the ones that have the most promise. caroline: we were talking about twitter in china, they seem to be real interested in china and -- trading in china. bitcoin seems to be more widely used, is it perhaps because of deflation. >> you put me on the spot, i think it would be mostly speculative. i think people are buying bitcoin and set of gold. i think it got too hot, now it is coming back. chinese are a big part of the puzzle, they are mining it

coin. there is a sense in the community, to take control of the bitcoin currency. there is also a sense that they are not really anonymous. if you are a rebellious believer in crypto currency, you do not need to be. some of the more truly anonymous currencies are the wave of the future. the there was a spike in the value of one that is truly anonymous, it is still the fairly early days. caroline: you are one of the believers of crypto currency. will 2017 be the year we see this more adopted? willoughby something more people know about? link is whenissing

will crypto currency get wide practical adoption? in san francisco, where i live and hang out -- caroline: when will they, didn't they used to? to come he used to be loved by a coffee in san francisco, now you can't. there has been a rollback in some of the application. particular, the clearing houses, they start to clear the block chain. they have all these activities for the block chain, you are going to see more and more adoption. no, can you really spend your life your bitcoin, no. one founder i met, does not have a bank account, the only way to the use crypto currency. that is a little weird, it is a

first. now to some other big news in the week, tesla hitting some speed bumps. they delivered about 22,000 cars, that is a low. the company nearly produced 84,000 vehicles. bloomberg editor at-large cory johnson joins us with us. these are what the company said they would deliver. by our stock, we will deliver these numbers. jews this is not what they delivered. they delivered fewer model there model s is very delayed.

none of this is good news. caroline: what about the model 3? this seems to be the more price friendly version? cory: what we know is that they have considerably missed any deadline they have set. latesthey will make this delayed deadline that they keep pushing back by quarters, half years, and in full years. we will see if they get to that. we do not know what the price will be, we know these deposits are not actually deposits. respect --lso fully refundable. customers are trying to get a foot in the door. people are trying -- want these cars. people also want the option to get the car. trading is down 2%, that is not a massive

concern? >> to the market it is not. arele want to believe they investing. the numbers are not strong, there was a big dip in the stock did this is another company where the short-term trading does not reflect the valuation of the company. not have freees cash flow, they do not have consistency. even this one. a big business they need to grow. if their main product is selling less and less, that is a miss. caroline: apple a valuable jenna slowing down, the west slowing down. what is happening here? >> the development and apple, is that they are pushing ahead. they are hoping to get those

concessions from the government to get the manufacturing cost them. they got the highs, the equivalent is what they got. football -- in any case they need a break. , they aretill hiring trying to get phones made for the iphone. they having other contract manufacturer coming into india. operationsring managers and people to run these factories. apple is clearly moving the market, they need to to recapture growth in the iphone. caroline: bloomberg editor at-large, cory johnson. coming up, with cyber security concern surrounding russia, front and center. we had to a former cia director.

you like bloomberg news, check us out on the radio, you can now listen to us on the bloomberg radio at, if you live inor washington dc on the radio. this is bloomberg. ♪ . .

caroline: welcome back to "the best of technology." i'm caroline hyde. security is emerging as a major concern in 2017 and came to a head at the cybersenate hearing where russia was front and center. top u.s. intelligence officials stood firm on their conclusion that russia was behind hacking attacks during the presidential election. intelligence officials said only russia's most senior officials could have authorized the disclosures that happened during the recent election. we spoke with bloomberg politics reporter bill ferry from capitol hill for the latest. bill: they said that they have the three spy chiefs who head on the hill said they have more

confidence than they did in october when they first released the report saying russia was behind it, that that in fact was the case. and they pushed back quite a bit against some of the public criticism they received by donald trump who said earlier this week that a briefing had been delayed and thought it was they still had to build their case. the spy chiefs on the hill made clear today they think they have a solid case and will be in new york presenting that case to the president-elect tomorrow. caroline: in talking to trump's pushback he took to twitter once again, his favorite form of discussion and he's talking actually about his association potentially with julian assange , saying he's denying he's in agreement with julian assange but saying he's a big fan of intelligence. we're seeing the tweet right now on our screens and what about this so-called unhelpful criticism? they didn't feel it was going in their way but went too critical of donald trump as they could have been.

bill: right. these guys all speak in a very nuanced tone and they didn't single out trump or his criticism directly. they did say that, you know, public criticism of their work isn't helpful, it's not good for moral. i think it's something they would prefer happen maybe behind the scenes. these are by nature very skeptical people. the intelligence community, spies, they are skeptical by nature, they ask a lot of questions, so they're accustomed to that. i don't think they're accustomed to being put in the public eye front and center. we've never really seen a time in the past when an incoming president so blatantly and publicly questioned their work before he takes office. remember, there's a whole range of issues that the president-elect, when he takes office, will have to count on the intelligence agencies for, whether it's the latest

assessments of islamic state to china's moves in the south china sea. without that kind of information, a president is essentially flying blind. caroline: in the meantime trump continues to weigh appointments really to national security. this week we learned former indiana senator dan coats is set to be trump's leading candidate for director of national intelligence. former c.i.a. director jim woolsey spoke to bloomberg about how we should be focusing on the bigger picture as trump transitions into power. jim: this is a minor blip. the intelligence business is full of controversy and arguments about assumptions and why did you do this, why did you issue that, then what do you mean by weapons of mass destruction, on and on. this is a hiccup. david: respectfully, though, it seems like the president-elect is taking a different tone with the intelligence community than the acting president has and previous presidents have. what's the relationship supposed to be like and what's it been like historically between the president and the intelligence community?

jim: well, the president ought to by a few months, i think into his administration, have been taught a good deal by the intelligence community about how things work. it takes a bit of time because some of these areas are fairly technically complex. but as you learn about them, you get to do a better job, i think, of understanding what we know and what we can draw conclusions from. so it's a kind of a older teacher of student relationship but the student is the president of the united states and the holder of the position that one might say is most important or powerful in the world. so it's a different kind of relationship. the presidents i've worked with, four presidents, two republicans and two democrats, they've all been willing to hear out a different take on things. and i have no reason to believe that donald trump won't do the same. i think that it's important that the intelligence community help the new president and not kind

of sit back there and criticize. david: let me take your metaphor about teaching. i heard past presidents talk about the immediate reverence they have of the reports they receive on a daily basis, those briefings and how awesome it is for lack of a better word to get this information, playing out the metaphor further, is donald trump spending enough time in class, is he briefed enough? jim: there's more than one to be briefed about in class, you can have seminars or meetings and the two years i was ahead of the intelligence for president clinton, he didn't have a morning briefing. he didn't like to be briefed. he didn't like to have stuff read to him. he was a speed reader, is, i suppose still, a speed reader and he liked to go through things quickly and then maybe ask some questions on the side, write a note in a book or a book of briefings, jim, the fourth

point seems to me to track what kaplan has in his new book, have you read it yet? bill clinton did things like that all the time which was different than sitting there and taking the morning briefing but that's the way he wanted to work. and however the president of the united states, and in this case to be for the next four years anyway, donald trump, wants to have information presented to him, people need to accommodate him and not kind of sit back there and just kind of grumble about it to the press. david: let me return to the previous tweet and give him the benefit of the doubt and say perhaps he was joking about the matter here, i wonder what you'd say to the intelligence community who doesn't welcome this criticism to the president-elect who wonders about the publicity associated with his job to question perhaps the president-elect's commitment to the intelligence community and the job that it does. jim: i'd say pull yourself together and get back to work or find a different job.

intelligence is important enough, tough enough, and from time to time angry enough that it's important not to get distracted by small matters. you got to call it straight if somebody comes at you, whether it's the cabinet secretary or vice president or even the president, national security advisor, and tries to push you off a point and you think you're right, you address it clearly, here's why i think this is right. and i believe, just based on a couple meetings i've had with him is donald trump is a fair-minded, balanced individual who talks rationally, quite reasonably about matters in small groups. caroline: coming up, the tech surprise stories of 2017, from fan dominance to lemonade. we discuss the winners investors should keep an eye on. this is bloomberg.

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caroline: online medium is cutting half its staff or roughly 50 people announcing changing its business model and started by twitter founder ed williams relied on the same thing others have survived on, placing ads in articles. on wednesday he called that model "broken." the job market falls on the company sales and business side. we're continuing to monitor the departures at twitter. kathy chance, the company's top executive in china is leaving twitter after eight months on the job. chin announced she's taking time off to pursue more international opportunities. she was hired to seek out new advertising revenue and other business in china and taiwan. now to tech sector surprises of

2017. r.b.c. is predicting amazon will undergo a major investment cycle this year. that's not a concern for investors who worried about the company's bets on original content and ramped up shipping efforts. but r.b.c. says amazon reached a point it can shell out big bucks and still boost its margins. this as the company says a number of merchants using the logistic service rose 70% to more than $2 billion in 2016 and the virtual assistant alexa makes waves in new partner appliances. and for what to watch this year, we caught up with r.b.c. capital markets analysis mark mahaney. mark: the one big difference between amazon today and 20 years ago is they have this business called a.w.s., amazon web services, the cloud business, which have margins 10-x greater than the core business, 25% operating margins versus 2.5%, 3% and what it means is they have more cash to make investments and are saying is loudly, we'll make aggressive investments but believe we've

reached a point of scale to do that and run the business profitably. the cloud cushion, the cloud cash cushion allows them to do that. caroline: one of your top picks in terms of investments. and facebook and netflix, let's look potentially where the fangs could perform versus s&p. we have a chart and we saw last year not so pretty. they did lag the s&p overall as a benchmark. what about 2017? mark: 2015 was the year of dramatic outperformance. it's rare, very rare to see outperformance two years in a row especially that magnitude and that group of stocks rose 80% in 2015. going into 2016, frankly up until the trump election, the sector had outperformed and then we had the trump rotation away

from growth. i'm not sure how long that lasts. i fully expect that will be a head wind for a while but think there are one or two interesting stories in the large cap internet space and among the fang names. first is netflix and believe they can add new subs in the international market and if we're right the stock goes higher. secondly, facebook modestly outperformed the market this last year but dramatically d-rated and the multiples come down a lot and is at a point the first time in three years we think we can make money on the long side both in upper estimate revisions and the multiple going up. caroline: looking at the chart, facebook performed in letters and facebook and amazon and google is lagging for 2016. but therefore, they cannot beat the overall market. google i want to dig into the laggard of 2016 because you say that actually finally some of their outside bets could actually bring in some money? mark: that would be a surprise and when we say surprise we think it's something that

probably won't happen but the odds are greater than the market ascribes to. netflix is also its multiple has come down because people have become skeptical about the other bets, where is the money coming out of autonomous vehicles and what about nest and home automation. we haven't seen anything. google fiber has been cut back. the market has tuned out that segment and we think there's enough interesting bets that are put in there and enough people and when it comes to autonomous vehicles, that's probably three winners and we think google could be one. when it's hard to know. we think if any one of those bets shows materiality at all that would be the surprise for investors. caroline: talking of winners to losers, you think the mark is too optimistic on the pain side of it is twitter? mark: that stock underperformed two years in a row. we think it could be the case again this year, it's our sell in the large cap space and the streak believe there is will be reacceleration of growth, even modest. caroline: revenue could rise 10%. mark: that could be a risk and there's a reasonable scenario revenues decline. this company literally goes x growth and not seeing it in terms of advertiser interest. i know president-elect trump is interested in it. caroline: what did you call him?

mark: president-elect trump, tweeter in chief. but outside of that, we haven't seen major advertisers fully embrace twitter and in fact at the margin seem to be pulling away from it. that's a problem. caroline: twitter doesn't look pretty in spite of the tweeter in chief as you call him. more on the politics side, you're saying this is still a bit of concern when it comes to the fang investment but overall, maybe one of the surprise causes that actually trump doesn't change the tech outlook at all. mark: two things. one, clearly there has been a rotation towards new areas. this has been a very slow growth economy for a while and so premium growth stocks like the fang names like internet names, the high quality ones have outperformed. now the rest of the economic growth seems to be ticking up, i get the point that you just less of a need to pay for premium and growth because there's growth in other parts of the economy. in terms of whether trump would have an impact on the internet stocks, you know, it's unlikely but there are two areas we look out for net knew neutrality and

changes there could affect netflix and the talks of the border adjustment taxes or putting taxes on changing how you would allocate cost to companies, that's something that could a material negative impact on amazon. we don't think that will come to pass but those are two watch areas for us. caroline: one outside bet to leave us wowing, it didn't come to bed but will yelp get bought out this year? mark: we like the company fundamentally and that said we liked it the last 2 1/2 years, as a strategic asset, 2.3 billion, a local payoff in advertising just be it in the u.s. and possibly local transactions. we think there's a range of bidders out there and think there is a more willing seller than a year ago. in order to have a sale it takes two and this time you have a seller this time willing to sell. caroline: that was r.b.c. capital markets analyst mark mahaney. in another funding board this week, silicon valley stock proterra raised $140 million in

the first and final funding round as it ramps up manufacturing ahead of a potential i.p.o. the electric transit busmaker expects to go public this year or early 2018. g.m. and proterra is expected to be back and a single vehicle can travel 350 miles on a single charge. after months of anticipation, another glitzy unveiling for an electric car startup. but not all went smoothly onstage. we'll tell you why. a reminder that all episodes of bloomberg technology are live streaming on twitter. check us out weekdays 5:00 p.m. in new york and 2:00 p.m. in san francisco. ♪

caroline: it was a huge week to the auto industry and here are a few headlines that caught our

attention. fiat chrysler showed a minivan. the chrysler portal has a 250-mile range. the software would take care of most of the driving, however, it's a concept car and there's no guarantee it will ever be built. intel is seeking to buy a stake in the mapping consortium named here owned by german automakers and must pass a german anti-trust inquiry before the sale proceeds. they applied monday and will receive an answer for the application in a month. and ford announced it's canceling plans to built a $1.6 billion plant in mexico. instead it will spend $700 million expanding the existing plant in michigan to build self-driving and electric vehicles. ford c.e.o. mark fields explained the dominance had the hybrid and electric market in bloomberg. mark: we're the number one seller of plug-in hybrids in the united states today and number two seller overall for electrified vehicles. we want to build on that.

can you see that through our announcements today. keep in mind we only talked about seven of the 13 electrified vehicles coming so there's more to come. caroline: staying with car tech. tsx 2017 boot up a glitzy unveiling of the car startup faraday future. after showing it last year the company came back with a first production model called the fs-91 and faraday claims it can pass the model s in a ludicrous mode, going from 0-60 in 2.39 seconds. also like tesla is backed by a ambitious billionaire. the founder and c.e.o. of the tech conglomerate. and we discussed with cory johnson and selina wang. cory: it's amazing to see how many companies work in this technology. it's not all tesla's game and we talk about it because it's a silicon valley company. but the automaker startups like this or companies like ford and many others, audi, b.m.w. all

working on a lot of these ideas, porsche, a lot of interesting work around electric cars. tesla might have pointed the way but a lot of companies are coming very fast on this phase. caroline: the chinese billionaire was there at the event and it was him that was slightly embarrassment made the car didn't quite park and i think he called it a bit lazy that day but tell us about the billionaire behind this company. selena: the billionaire behind it, he goes by y.t. and is well known in china and known for being very brash and very ambitious, sometimes too ambitious. he actually started out as the local i.t. guy on the tax bureau and made his fortunes on the publicly traded company which is like the netflix of china and growing very fast but from there expanded into a slew of other businesses ranging from smart phones, to headsets, t.v.'s, movies, smart bikes and you name it, he's expanded into it.

recently we're seeing he may have expanded a bit too aggressively and wrote to an internal memo to employees they're moving too fast and having trouble raising cash. but again, he's a very brash, well known person in china. he says things like apple is a very slow innovator and we can outbeat elon musk and tesla. caroline: outbeat another ambitious man, elon musk. cory: you talked about the no parking model and when it was built in los angeles, elon musk couldn't get the trunk to open and when they got another model he got out of his car and smacked his head, showing the head room and showed how little it has. he's a tall guy. but nonetheless these live demos, ala steve jobs are hard to pull off and interesting you see every c.e.o. of every industry thinks they have to go on the stage in blue jeans and a black turtleneck and introduce

their products as opposed the way other cars and things used to be release. caroline: we see in the tech companies, the technology doesn't work as well as wi-fi. talk about the money put into this, when it comes to the billionaire, how much is he winning or losing and when do they start to sell? selina: he put millions of his own money into this and has a unique way to finance his ventures and he takes his shares and plows it in his adventures. you can reserve this car for $5,000. it's unclear how much this is going to retail for when it comes out, apparently, in 2018. i think that after last year's show, there was skepticism around his futures as they didn't release any functioning car but merely a concept car and this year we got a actual functioning car but still have a lot of questions hanging in the air, lots of skepticism around how will they make money? this is expensive to produce and unclear what the business plan

is going to look like. caroline: 5,000 per order, only 1,000 when it came to tesla, talk to us more about what's going on in tesla and it's not all about cars and they do have a giga factory and that's running and they skipped their deadline. cory: tesla has a history of not hitting the deadlines and missing its own estimates. as we discussed, it's also interesting this production issue which will happen to all these carmakers. production is hard. tesla this quarter said they had product problems and couldn't get out as many cars as they had like and the same excuse for missing numbers in the first quarter. these recurring problems of producing as much as they thought they were and doing it successfully is really hard with the business that's the model x and model s. when they want to get to a much larger level, they'd have to more than double production this year and the next year, which they've been unable to do in order to get the level of model 3 they want to produce. caroline: the giga factory, the

shares are popping up more than 4% though we saw them fall yesterday on concerns of the car part of the business, giga factory up and running they hit their deadline? cory: the factory is running, but how much they're producing is a question mark. we'll see what they actually produce over time and if there's value there and demand for this product. where there are dozens and dozens of competitors who can hang a battery in your garage for unquestionable use. caroline: selina, what do you think of some of the debate going on when it comes to c.e.s., of course who wins and whether it's indeed the tech companies or auto companies but faraday wants to own the data and what's the advantage in selling these cars, is it more of what they make on the profitability on the car itself or where does the billionaire's vision go? selina: i want to talk about it in the context of leeco, i sat down with y.t. at their headquarters a few months ago and he laid out this very broad vision of what he wants the consumer to experience. imagine this, you have your leeco cell phone and start

watching a leco movie on it and you may hail an autonomous leeco vehicle where you continue to watch the movie in the car and you exit the car and finish where you left off and watch it on a leeco head set and continue on a leeco smart tv. so as you can tell from the scenario, cars are an integral part of this vision, because y.t.c. is the future of electronic vehicles, and that vehicle is another place to watch content and remember this company actually started as a software contentmaker and all of these devices and hardware, cars, smart phones, you name it, is you will just shells to hold all their software. so in the context of y.t., it's a very broad vision he has. caroline: that was bloomberg's technologies, selina wang and our editor at large, cory johnson. that does it for the best of bloomberg technology. we'll bring you the latest in tech throughout the week. tune in each day 5:00 p.m. new york and 2:00 p.m. san francisco and 6:00 a.m. in hong kong. be sure to catch our show monday and when we'll hear from e.u.

competition commissioner margrethe vestager on the e.u.'s case on apple's technology. that's all for now. this has been bloomberg. . ♪

oliver: welcome to "bloomberg businessweek." i'm oliver renick. the diplomatic game vladimir putin is playing with the president-elect. that is on top of his national security advisor, an alleged connection. that is all this week on "bloomberg businessweek." ♪ oliver: we are with bloomberg businessweek editor megan murphy. let's talk about the opening