>> it is 1:00 p.m. in hong kong. donald trump may push ahead today with his promise to build a wall on the mexican border. "the new york times" says he plans to sign an executive order to direct federal funds you'd -- funds. he also has revived controversial oil pipelines you'd toshiba has more mishandled data at a hydroelectric dam project. shares are down 2.8%. --y also conforms -- confirm in february. all toshiba was

hospital. alibaba at $7.5 million to its market value. it earned a boost for record single day spinning spring -- spending spree. they raise their revenue growth to 53% up from 48%. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. you are watching bloomberg. let's get a check on the markets. asian markets solidly in the green with a benchmark at the highest level since september of last year. this is bloomberg. ♪ caroline: i'm caroline hyde, this is "bloomberg technology."

coming up, the tech earnings parade marches on with alibaba leading the charge. how the bets on content and the cloud is paying off for china's e-commerce giant. plus, new market highs for the s&p and nasdaq. we will break down what stocks are leading the game. and the verizon-yahoo! deal is still in play, but now going into overtime. we will look into potential impacts on the acquisition of -- after verizon's worst performance report since 2014. alibaba shares popping after they purported -- reported better-than-expected quarterly results. the company lifted its yearly sales forecast. spending in the world's second-biggest economy stays strong. alibaba's new ventures are bolstering the giant. tim writes for bloomberg.

selena, first to you. dig into the nitty-gritty for us. selena: it's almost too good to be true. they raised sales forecasts. something interesting is that the core business, it actually did not grow very much, less than 10%. a lot of the growth and reasons why investors are pushing up stock is because of the growth and it's more fledgling businesses. we saw triple digit growth in the cloud division and media and visual entertainment business. a lot of talk about how that is the next new growth strategy for alibaba and how they are going to integrate all of these businesses together. caroline: digging into some of the bloomberg functions, if you go into analyst recommendations and get into anr on the bloomberg, you see a phenomenal 90% of analysts say by this -- buy this stock.

not one single one says sell. you will see the price target is way off from where the share prices are currently trading. tim, elaborate on these new big bets that are potentially helping some of the by uy recommendations. we heard from salina about the entertainment. tim: what it comes down to is the cloud. cloud business is a fledgling business, it is growing. if you dig through the numbers, the cloud business is actually rising and staying stable. normally we see these businesses when they grow, you get less revenue per user because some of the lower tier users come in and start using. it is staying stable, that is a really good sign. it is still losing money, so that is not a good sign. but the fact that they are able to keep it stable is very important. on the entertainment side as well, it is losing money, but growing. these are two areas that show alibaba is looking into and can

find some success in addition to their main business, selling products online. in these two areas, they are dragging on earnings, but the fact they are earning shows they have a few more tricks up their sleeve. caroline: selena, what it feels like is that alibaba is morphing into an amazon, taking a few leaves out of their book. what do the executives say about these new businesses? selena: i think something people are clicking more details on was this deal with in time. they want to buy out this physical brick and mortar department store. this is part of jack ma's vision to transform online retail into some of these e-commerce initiatives. i think some analysts are still skeptical about if it is worth it to spend much on physical retail, but alibaba is all about e-commerce. -- all about e-commerce is so yesterday. leveraging data to get people to spend more time on their

platform, transforming physical retail so that people in brick-and-mortar stores can use their technology to shop better. it is not too different from what amazon is doing. they recently opened grocery stores that use very advanced technology and have some physical bookstores. caroline: i think we heard salina there talking about a little bit of caution out there. if you look the short interest on this particular stock and it is relatively high despite the buys and holds. what are the risk factors that might be driving this short interest? tim: one of the key ones that salina pointed out is that they -- the user growth is slowing. that is a problem for them. they are managing to grow the amount of sales per user. the other thing is that they have a lot of other businesses. they are invested in so many different kinds of businesses, and they are a little bit of a black box. a lot of the shorts are betting that there are problems here, but so far, the shorts have been

trying to have a go at shorting the stock, they haven't really paid out. they're trying to short the stock again, a lot of people betting that perhaps there is something to come out of this that will be on the downside, but so far, they haven't been able to make much money from those short bets. caroline: what about the news earlier about the olympic bet being made by alibaba? anything more on the direction they are going in terms of globalization? salina: they're reiterating that this is something that is going to get their global brand out there. it is really important that they can elevate their brand. tim was just talking about some risk factors, but let's not forget a were just but back on the u.s. notorious markets list for being a haven for knockoffs. by sponsoring the olympics, they are now going to have their name associated with the olympic games around the world, and hopefully this can bolster their

reputation and help more businesses to sign on to their platform. caroline: another brilliant analysis. thank you. and him will be sticking with me because on the tech earning front, some profits more than doubled in the last three months of 2016. there have been robust semiconductor sales. it was also driven by recovery in the mobile business after the galaxy note 7. we saw the shares popped up on the back of this due to the buyback. is it just to try to placate the investor base? tim: i think it is. there is a large buyback, but only around 10%-12% of the cash they have. they have a lot more cash they could be given back to shareholders through buybacks or actual dividends. the pop is based on that. if you look at the actual

earnings, year on year, the top line basically didn't change. it came in almost exactly the same. going through the line, we saw the gross margin improve a lot. that is because the semiconductor side and lcd side did very well during the period, so when sales go up, you have better gross margins. i have to say, if they can go forward into the next few quarters, that is great. i'm skeptical. we need to see something that would drive demand forward for flash memory and lcds, there is that a lot out there in the market in terms of new products that look like they could drive these areas. that would be a real last threat for samsung going into these few quarters. caroline: a bit of a stay of execution if you're looking at the share price. what about what has been unfolding over the embroiled in mbroilment of samsung's

leader or heir apparent in the scandal that has consumed the south korean politicians? is there any update in that respect? tim: what is amazing is that investors don't seem to be that worried about it. they kind of dismissed it and brushed it off. jay y. lee has not been arrested or put in prison. they are still investigating. so far it looks like the worst part could be over. there are a lot of problems that could be ahead. there are a few landmines down the tracks. today, if you look at the share trading of the stock over the last few weeks, most of the bad news seems to be priced in and some investors are betting this could be a weakness. price-earnings ratio seems to be rising quite high. a lot of people do believe, don't worry about it, samsung will be fine. then you look at the galaxy note 7 problem, we found out overnight what was behind that, the battery problem. i think to reputational risk is mostly behind them and they will

go towards rebuilding the brand that samsung has. caroline: digging into that particular company. 39 buys, just one cell. tim, thank you for all your insights today. staying on the earnings beat, sap raised its targets for 2020. the updated outlook came out with the company's fourth-quarter sales, which were in line with estimates. sap is transitioning to online cloud computing. the ceo spoke with a bloomberg earlier about the company's strengths in the u.s. marketplace. >> clearly, any enterprise company operating in the global economy is almost always running sap. we would like to think our purpose in the united states will only get stronger because we can help the new president take cost out of the equation where it should and focus on

growth where it can. that is why do need global players like sap to be great partners, and we will be. caroline: still to come, president trump's trade agenda . we will head to washington to hear from the republican senator who said he could curb the powers of the oval office when it comes to terrorists. -- when it comes to tariffs. all episodes bloomberg technology can be streamed on twitter. check this out weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. this is bloomberg. ♪

caroline: now for a look at the markets. u.s. stocks rose the most in three weeks. the s&p hit an all-time high. growth in the largest economy is set to accelerate here it cory johnson is here to pore through

the numbers. trading, iday's think you see all caution being thrown to the wind. we saw in the s&p 500 and in the nasdaq. i look at my bloomberg imap function, it shows different sections of the market, these are the sectors of the nasdaq, we call them tech heavy, but there are a lot of different industries. the only thing that didn't go up is in the red here, the health care. those stocks in the nasdaq might be those that aren't the dividend heavy paying ones. companies more in biotech and so on. certainly the strong move into these technology stocks shows that investors look at this world don't see a lot of risk. caroline: are we seeing any particular flavors that are outperforming? is it based on trump at the moment? are we seeing hints at the way

that policy might be navigated? cory: i think it's the idea that tax policy is going to favor these companies and that congress might not stand in the way of some of those things. we will see as the policy star's to get administered. what we have seen from the administration thus far is a lot of talk. they have a lot to prove. the market is believing that everything is going to be rosy. we will see if everything plays out. surely it will not be that simple. caroline: one my favorite other geek functions is ea. it is looking into earnings analysis on the bloomberg. you can see, if you're looking at the s&p 500 thus far, 100% of the big tech players that have earnings so far. cory: the nasdaq, as you see, we haven't had a lot of companies report. in the nasdaq composite, we have 200 stocks and only two companies report thus far. in the s&p 500, it is different. it is as simple as changing the

spx. we look at all the companies that are reporting, and to me, this is an analyst report card. this isn't showing how a company's are doing, this is showing how poorly the analyst are analyzing. the analysts have clearly expected it when it comes to sales. the analysts have gotten it wrong. too pessimistic. when it comes to sales, we have seen these companies averaging in with the nasdaq, but with telecommunications services and i.t., we've only had 17 report out of the 71. it tells us about the analysts, not the company's. wely: we will -- caroline: will keep an eye on the analysts. great to have you on. still ahead, president trump's

trade agenda will head to washington. a u.s. republican senator says he can curb the oval office when it comes to tariffs. this is bloomberg. ♪

caroline: in his first days as president, donald trump has taken swift action on u.s. trade policies, withdrawing from the transpacific partnership in failing to renegotiate trade deals. he has also vowed to hit companies that manufacture outside the u.s. and try to sell within the states with a tariff. we have more analysis. >> senator mike lee, thank you for joining us. you introduced a bill that would give congress control or authority over approving any executive action taken by the president over whether or not to increase tariffs or to approve withdrawing from a trade agreement. why did you think this was necessary? >> this is a decades old

problem. we see power being handed over to the executive branch. , in more discrete areas like foreign relations or trade. reporter: critics say you are trying to take away power from president trump. is that what you're trying to do? >> what i am looking at is the constitution, which gives power to congress to make laws about things like tariffs. there are provisions in the tariff act of 1930 and the trade act of 1974 that give immense discretion to the executive branch to decide unilaterally to make certain decisions to raise tariffs. that is a policy decision tantamount to making law. this is not the executive branch or the president's fault. reporter: do you agree with president trump's actions on trade policy?

>> those policies are still unfolding. it is not entirely clear what actions he wants to take in this area. my concern is a deeper and broader one, brewing since long before we knew who the president would be. this is a question about the people's elected representatives in washington being able to make law, what we are here to do. reporter: we are hearing president trump will announce next week qe -- who he will choose to a point to the supreme court. you were on the short list that he put forth during the campaign. are you interested in becoming a supreme court nominee? have you had in discussions the white house about it? >> of course i am. i have been watching supreme court arguments since i was 10 years old. i am honored to be considered on the list. regardless of what choice he makes on this, it is going to be a good one. the people on that list are good and we are going to get that person confirmed. i look forward to pushing through that person once he or she has been nominated. reporter: have you had

conversations since the election date with the white house? >> of course, along with any other issues. we have talked about the issue broadly. reporter: i think caroline has a question. caroline: thank you for joining us. i'm going to take it back to technology, if i will. we were talking about trade policies, and it seems as though, at the moment, donald trump is trying to fight cheap labor abroad with trade tariffs, but it is not actually the real threat to jobs. is that the government responsibility to retrain? >> i don't think that the government responsibility. we have to make sure government isn't putting undue burdens on companies. they face in of pressures from other areas. we can at least make sure we are no longer the country with the highest corporate tax rate in the developed world. we can at least make sure we are

no longer putting $2 trillion in regulatory compliance costs on americans every year. all those costs get passed down to america's poor middle-class, who pay through higher prices, diminished wages, underemployment, and unemployment. there's a lot we can do to increase the competition of american manufacturers and american employers and to get more opportunities for american workers. by focusing on those issues and reducing areas that the government itself has put in place. caroline: i want to get into one of your other key roles. you are on the subcommittee for antitrust policy. there is a fascinating argument brewing between two tech heavyweights, apple and qualcomm. is there a particular view you take on apple suing in terms of its licensing process? >> i'm not getting into that right now. that will play itself out and i don't have any interest in commenting on that. reporter: if they offer you the supreme court job, would you accept it? >> of course i would.

reporter: you've had conversations about this. how serious are we? >> not today. i've not had these conversations today or yesterday. reporter: senator mike lee, we appreciate your time. caroline: both yahoo! and verizon reported earnings this week and gave a new timeline of its highly anticipated deal. we will discuss who benefits from pushing the sale back. yahoo! has been delaying that sale to verizon. yahoo! shares currently trading a little bit higher. this is bloomberg. ♪

>> it is 1:30 p.m. in hong kong. month run of a 14 falling exports in december thanks to a global pickup in demand and storing ship and's and china. japan had a trade surplus for four consecutive months. and help the prime minister to revive japan by feeding corporate profits. -- surging ining sydney -- the stock is up 3.3%. they have trimmed expectations for copper. results are higher after

announcing the sale of most of its coal mines. rio is close to closing the coal sector. partner in aans to petrochemical project. the wall street journal says they have concluded that a $20 billion deal won't generate sufficient returns. the companies were discussing a refinery to process 300,000 barrels of oil per day. came motorists profits almost one third below analyst estimates. a rise in a few's -- as you see fails help to make up from a loss last year. they say they are still facing competition and protectionism. shares are down 1.7%. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries.

you are watching bloomberg. let's get a look at markets. things are looking pretty good. this is what the picture looks like in asia in late trade. we saw the s&p 500 on wall street hit that record high. you mentioned there was a standout performer as mining leads a rally in asia. aluminum cleans up over 2% in sydney. alcoa is there venture partner did -- partner. a very good day on the nikkei 225. we are starting to see a little bit of movement coming through from the yen. we are seeing some solid support for me hong kong -- from hong kong, as well. just quickly looking at currencies, the aussie dollar

felt today. -- felt today. we will be live from london at the top of the hour. this is bloomberg. caroline: this is "bloomberg technology." back to earnings. a slew of companies reporting this week, including verizon. they saw their worst performance since 2011 in tuesday trading after adding fewer monthly wireless customers than expected. they remain under pressure to transform themselves into more than just a phone company. yahoo! is delaying their sale to verizon until next quarter because it needs more time to be closing conditions after the disclosure of two massive data breaches. after the -- as the two parties attempt to put the final touches on the sale, here is a look back

at what has been said on bloomberg television about the deal and yahoo!'s most recent hacking disclosure. >> the yahoo! brand is an excellent brand. the yahoo! team is an excellent team. it fits into the larger strategy that verizon has. >> the transaction isn't just about the strategic future for yahoo!, but also about unlocking value for our shareholders and the remaining equity stakes. this is an opportunity to kill two birds with one stone. >> great for the company and great for shareholders. this was a pretty major hack. the eyeballs yahoo! still provides for them, key websites, fantasy football, things like that, they are still value for a company looking for scale, trying to leverage their mobile business. yahoo! is more of a desktop application. they want to get people on a mobile side. especially when you look for the next 5-10 years. the apps that are coming

together represent a very unique opportunity. >> based on where yahoo! was in the last year, it was an inevitable outcome that it was to be sold. caroline: here to discuss verizon's result and its future with or without yahoo! is amy young, who covers telecoms in new york. also alex sherman reporting on this deal since day one. amy, i read your notes on verizon's numbers, which you called squishy and uninspiring. elaborate for us. outlookhink the 2017 was a little disappointing for investors. people were looking for gdp plus growth, and it puts a lot more pressure on them to either get yahoo! or aol and the right direction or perhaps to look for additional growth opportunities in leveraging. caroline: talking about that opportunity, what do we know in

terms of the yahoo!-verizon deal? there was talk in december that the price would be reduced or the deal would be put to bed entirely. alex: we know at this point that the deal is going to be delayed. it was supposed to close at the end of the first quarter, now it is bumped to the second. verizon is still trying to figure out what exactly the cost of two enormous hacks plus potential liability down the road of any future yahoo! hacks might be. that calculation will drive verizon's thinking on how the -- how hard they want to push a potential reduction in price. as with any negotiation, it comes down to leverage. who needs who more? yahoo! would be left pretty desperate if this verizon deal didn't go through. amy just mentioned that to some degree, verizon probably need is mores well, but it

of a drop in the bucket for verizon. whether or not they are able to push through on a reduced price is still to be determined. almost everyone around the deal tells me the expected the deal will still go forward. i would not expect the deal to fall apart. caroline: amy, you currently have verizon stock at neutral. do you think the share price to go to 55 -- you think the price could go to 55. how much of that is baking in the yahoo! deal? two acquisitions are not the numbers right now, that is xo and yahoo!. i think there is a lot of pressure for them to get the wireless business in the right direction. some of the things they have talked about is that on a sequential basis, it looks like growth is going to be much better as we had closer to 18. caroline: talking about that wireless business getting on track, let's take about -- talk

about him in a more broadly. seems asp now, it though mna might go the way of sprint buying t-mobile. would that be a boom or bust for something like verizon? any: ironically, -- amy: ironically, i think it is probably a boom for verizon. you can go to fair market for three, it would be reintroduced into the marketplace and verizon would be a big winner. their biggest competitor, at&t, is about to close on time warner entertainment. they have to address some growth issues. caroline: the push here, alex, has been content is king. we can't just provide you with a mobile, we have to offer our customers a reason to be addicted to the mobile, and it has been with pairing up with time warner, at&t. they are wanting to get into bed potentially with verizon.

talking to your sources, are they anticipating more consolidation within the telecom space? alex: verizon and at&t operates as a case study for the buddies -- a case study for m&a for companies that fundamentally do the same thing that have gone and very different directions. at&t first acquired directv, a big deal. then on top of that you added time warner, it is $100 billion plus mna into deals. verizon bought aol and yahoo! at about $10 billion. these two companies that have really done the same thing year after year, provide wireless service, have gone in very different directions. the question is, does verizon take a look at at&t and say, they actually were ahead of us and we need to make a counter move, whether that is something enormous like buying a cable company or trying to buy some more content. or does verizon say we don't

agree with what at&t is doing, we are content to build our mobile advertising platform and dabble in content a little bit, but we want to make sure our focus is wireless networks, spectrum and trying to figure out a way to generate growth. that is really what they are about. t-mobile has been an upstart, and this has undercut them on price. that has put verizon in a tough spot. caroline: amy, you cover at&t as well. their numbers are coming out tomorrow. what should we be looking out for? amy: they preannounced last week, so i think there is going to be more on what they say on directv and extreme products and -- streaming products and how successful that could be. more on their wireless strategy and of course time warner. caroline: i will be looking out

for your note tomorrow. thank you very much. alex, great analysis, as ever. the artificial intelligence firm affinity is considering an ipo that would value the company at $2 billion or more. that is according to people familiar with the matter. they could go public as soon as this year. they have the potential to have one of the largest software ipos in recent years. coming up, president trump is making good on his pledge to take down his predecessors 's prized initiative. but there is one obama effort in tech that may be embraced by the administration. this is bloomberg. ♪

caroline: microsoft just scored a major win. on tuesday, a federal appeals court upheld a ruling that the u.s. cannot force the tech giant to turn over customer data. -- data source outside the u.s.. last july, a three-judge panel overturned in 2014 decision ordering them to turn over messages of a suspected trafficker. the case could be picked up by the supreme court. tech has been bracing for a trump presidency, and with many awaiting the possible rollback ze policies to the sector like net neutrality and the h1b program, one portion that may be safe is obama's tech surge. joining us now, bloomberg's head of global technology coverage , brad stone. he has a great piece out on this.

this is being embraced by the new administration. brad: there are some early signals, but this was one of the legacies of the obama administration. bringing a bipartisan group of technologists into the government, not just originally to rescue healthcare.gov, but to bring tech thinking into government. reforming the procurement process, creating a soul login for all services. there was a lot of anxiety that the trump administration might roll that back. we reported this week that some of trump's tech deputies met with the leadership of services like the u.s. digital service and the gsa, and jared kushner, trump's son-in-law and advisor, park andssage to todd basically said, we're on the same team, this is mission-critical. it is a good sign. caroline: we still don't know about the visa policies, about

net neutrality. could there be optimism taken from these steps about policy? it certainly separate from policy. the question is, who will trump the point to succeed megan smith as cto? can he bring in a group of technologists to keep things going? on the policy side, you are right. there are plenty of questions. the new fcc chair seems to be against net neutrality. that is worrying to some and -- in silicon valley. all these issues were silicon fromy differs politically the administration. just as you say they differ from washington, it is fascinating what is going in -- on in twitter, which we would dig into any moment. a bloomberg reporter being

treated, rex is an exceptionally competent executive, understands geopolitics, and knows how to win for his team. we look at twitter being deployed very heavily. does this surprise you? brad: that has been his primary method of communication for so long. he sees it as a mouthpiece for the people. allows him to get an unfiltered message out there. with elon's tweets, i think we are seeing him and other business leaders take more of a role in the administration or at least see the opportunity to get their priorities past. there is some cautious outreach on both sides, and twitter is the venue of choice. caroline: you did a brilliant podcast i was listening to the other day, talking about how social media has been adopted by

donald trump, will it be adopted more widescale by politicians? brett -- brad: i don't really know. trump is pretty singular in his ability to get attention through a tweet. he tweets impetuously. it's not really in character with other politicians. i don't know. i think he is somewhat unique. we also looked at whether this is good for twitter, and frankly, i don't know if it is. there is a reason why american citizens don't want to watch c-span all day, because it is insular. we want things digested. we are not interested in every turn of policy and who is supporting who. twitter can seem like dialogue between insiders, and trump, to some extent, has fostered that. caroline: with elon musk and peter thiel being so close to the administration, is this something that other silicon valley heads are taking as a positive? brad: everyone is following

script right now. they are making offers for new manufacturing centers in the u.s. and new jobs they are creating. we will never know if they follow through. a lot of it is politics. i think this is going to be a pro-business administration, and business leaders see the opportunity to use that for their advantage. they are being pragmatic. he is the president right now and they are rushing right now just as they did eight years ago, it may have seen -- seemed more authentic than. they are trying to get into the power circle. caroline: brad stone, always great to have you. for more on what trumps tweet means for twitter and democracy, i urge you to catch up on the latest episode of our podcast. you can find new episodes on itunes every tuesday. this wednesday on bloomberg television, the bloomberg surveillance team will bring an

interview with the minister of economics affairs for madrid. you can watch that conversation at 5:30 am eastern. a new reality for oil rig workers. we will talk about how automation is changing the face of labor in this industry. this is bloomberg. ♪

caroline: the oil industry got a boost tuesday after u.s. president trump advance construction of the keystone xl and dakota access pipelines. the administration claims it will create jobs and grow the economy. but could automation hinder the number of jobs expected? technology is taking over the oil industry, particularly on rigs. a combination of more efficient drilling machines and increased automation is reducing the need

for human workers. here to talk about this phenomenon is david, he covers the services for bloomberg news. david, a great piece he's got out on the bloomberg. we are starting to see fewer hands on deck needed. david: it is starting to look that way. part of this is because of lower oil prices. oil companies were forced to pull up the pencil and start to look at the costs and figure out how they can do more with less. what you start to see is a push towards automation. they should start to roll out in more earnest in the near future. better rigs are starting to be built. you are also seeing rigs that are already existing that can drill fester, they are figuring things out better. they are a lot more efficient in the jobs they are doing. they're not having to read l.aille -- redril that all means you can do the same amount of output with fewer rigs, so you need less bodies

employed. one piece of machinery you have got right now on the rig is called the iron roughneck, and it helps reduce the number of roustabout's. those are the kind of classic, iconic workers in the field that grab the big heavy pipe and have to clamp together and connect sections of pipe and put it down. you no longer need as many guys as that. we are looking at -- sorry? caroline: that guy that is then not needed, is he retrained? is there any positive outcome? david: what sort of means is that maybe you don't have as many guys in the field, but maybe you start to hire more guys that can watch remotely, that can look at data sheets and spreadsheets and the real-time monitoring. so maybe you don't have as many guys in the field, but you hire more tech guys in the back office. caroline: and tech girls, hopefully.

who is at the forefront of this move? david: you see a lot of service companies. halliburton, baker hughes when they merged with general electric. there really trying to pump this up big time. their customers like bp are really talking about not just seeing piecemeal of automation but the whole system becoming a lot more automated. then you have the companies that own the rigs themselves. neighbors. they are trying to roll out more rigs second could cut the number of workers at the jobsite from 20 down to about five. caroline: that chart says it all. the dwindling numbers needed to employed in the sector. david with the great story from bloomberg news. thank you. finally, a case of a revolving door. the effects of a bigger trend in the tech world bleeding into automakers. ford has hired the head of global social media and

digital marketing from apple. he will be their first chief marketing officer. he will work with their team to define, build, and communicate the automaker's brand as it expands into connected technology. that does it for this edition of "bloomberg technology." all episodes are live streaming on twitter. out and follow all previous interviews. that's all for now. this is bloomberg. ♪

anna: building a wall. president trump is expected to announce plans for a mexican wall as it focuses on national security. manus: earnings propel the s&p 500 to an all-time high. oil and gold are leading commodities lower. bank and spain's biggest reports earnings in our next earnings. francine will sit down with the chair, with plenty to talk about from trump to brexit. ♪