nato, saying he supports it but once allies to pay their fair share. trump says he plans on making a egg investment in the military and u.s. veterans. vice president mike pence may cast a tie-breaking vote in the senate if the vote to confirm betsy devos ends up even. two republican senators plan to vote against her. if all 48 democrats vote no, devos will need the tie-breaker to get the job. defined sanctions -- define wantsons last week, iran more missiles. this comes one day after sanction for imposed on individuals and businesses supporting the missile program. legalizetes to thousands of homes built illegally on palestinian land.

global news 24 hours a day and more than 120 countries. this is bloomberg. "bloomberg technology" is next. ♪ cory: i'm cory johnson in for caroline hyde. this is bloomberg technology. 97 tech companies take a stand as san francisco becomes ground zero in president trump's travel ban. a detailed look on who will be making off of virtual reality. ber is researching floating taxis. we will talk to the man who literally wrote the look on

uber's flying cars. the epicenter of the international debate on president trump's immigration policy is right here in san francisco. the band temporarily restricted citizens from seven muslim majority countries from entering the u.s. it remains on hold after a judge in seattle ordered a hold on the band. they are now deciding whether to revert toe band or earlier policy. 97 companies, including some of techiggest names in filing a legal brief condemning the ban. let's bring in shannon peddie. what is the latest? the deadline for response from

the trump administration was two minutes ago. shannon: they get their response and they could have the appeals court issue a ruling off that or they could request to hear oral arguments in the case. either way, everyone thinks this is headed to the supreme court because whichever side loses will appeal to the supreme court , which will have the final say. the schedule for that, it is possible they could hear it in this session and issue a final ruling by the end of the summer before the court takes their recess for the year. the trump administration does have 57 minutes, or 56:30, to get that response in. shannon: i don't know what time it is, either. [laughter] cory: do we expect a vociferous response in reaction to not what just the ninth circuit said in san francisco, but the judge in washington cited economic impact not just for the individuals in

cap out of the country, but for the businesses -- individuals being kept out of the country, but for businesses in the country. shannon: there is something novel about this because there has not been a travel ban placed on people before. it was in the best interest of the companies to remove the restriction because it was harming business. it was harming the economic interests of the country. his argument came down to businesses and companies like some of the ones you mentioned, tech companies coming out and supporting this argument. cory: given the nature were most of these bands are temporary, it is not the case with syria from what i understand. i wonder if this whole argument really is playing into the hands of the message that trump wants to give his supporters and the right-wing base. we are fighting this.

we're going to make this country safer. we let this argument continues so we can keep talking about this as opposed to the other things we are doing. shannon: this was a way to deliver on one of his camp in proper sis -- campaign promises. they knew it would be controversial now because it was controversial then. they delivered on the process say hey, we said border security would be important to us. we said we would do everything to make sure that people coming into this country be vetted on how we want them to be vetted. it is a followthrough on a campaign promise in a bold way. all he can do his executive order because he does not have -- his his in place cabinet in place. cory: leaders in the technology

sector have been some of the most outspoken critics on president trump's executive order on immigration. tech may not have existed. here's a quick recap. ♪

issuehere to discuss the is -- she is an advisor to twitter. i don't mean to make you speak for overall technology, but if you want to, you may. i think it is interesting that we have so many companies across so many sources coming together on this issue. is it about the progeny of these countries? famously, sergey brin, we know fromny companies came

immigrants. >> i think if you look at the history of some of the countries we just saw, and there is a lot to look to in terms of the data historically, but even in silicon valley 50% of the highest skilled workers are immigrants. and look atp back the source of innovation, it has been bred by in open immigration let the best and brightest flow easily into the country. cory: the notice of non-comprehensive immigration reform, the republican arguments, more h-1b visas, it will keep the people across the border illegally out. let us do people that good things and keep the other ones out. >> it is easy to say that in theory, but in practice these

are broad brush strokes. there is little data to suggest terrorism has been committed by companies -- the countries that are being kept out. people that were -- shannon: morrison attacks have been home grown terrorist. if you look at a broadbrush swath that immigration has to be companies the seven -- seven countries and saying that know innovation will come from these countries, it is ridiculous. the reverse is true when you have brought policy that keep out innovation and not excepting the smartest and brightest people in the world who are willing to hold companies here on which the entire u.s. economy

, there is little action. cory: someone has been saying that we should staple a green card for every degree that comes out of stanford because we want them to use in here. >> one of the ironies is donald trump talks about being pro-business and making america great again. one of the ways to make american economy's great is have great company starting here. not in india, not in china, not in canada. if you want to have a robust u.s. economy, it starts with offering innovation here and that includes having an open immigration all the cory: h-1b visa has been touted as such, but the program has been a little more -- abuse is too strong. there are certain companies that offer a lot of h-1b visas. people claim that people can't find other jobs because their

ability to live in the country is stapled to their job. does it need reform? >> i would say the h-1b program is absolutely necessary. i happen to be one of those immigrants who started the company on the fact that i got and convertn h-1b that to an eb one, an extraordinary person visa. my company is much smaller than google and benefits from h-1b. i don't think it is one where h-1b is disproportionately for large companies. it allows you to find your way here. once you are here, you need to be gainfully them lloyd at a small company. it is your ability to transfer the h-1b. there are proper and will use procedures for doing that between companies. i don't think the h-1b is a red herring gobbled up i large companies. i think you'll find it in every

tummy, large or small. cory: it is amazing how the conversation has shifted. now we're talking about letting people in the country. you'll stay with us throughout the hour. the company will be just listed -- delisted by the nasdaq if they do not make their deadline to file earnings. coming up, virtual reality is not new but it could be a tipping point for mass adoption. is the are becoming an investment reality? ♪

cory: facebook and google are fighting fake news in france. prepares for his presidential election this spring. facebook will extend its fact checking tools launched in the u.s. in germany into france in coming weeks. suspiciouse flagging content. media worked with french photos, videos, and meme. eric sheridan thinks that fee are -- that v.r. may be at a tipping point. eric, you did some really interesting work. a big survey. what did the survey find? eric: three pieces of really

proprietary evidence for the ubs seven slant. we surveyed china, the u.k., the u.s. about consumer intent. viewso surveyed consumer online about devices that have launched, and we look at google search data to measure intent versus the desire. we think we are at a tipping point where the devices are at a price point, consumer interest in starting to build, especially in markets like china and japan, and with a tipping point around price plus intent could mean going forward by adoption in the consumer marketplace. >> one additional question i have for you is how do you feed the play of content into the ecosystem? price is a key factor but the other is the availability of great content to make device

useful. eric: it is a great question and at the heart of the matter. get build when they up our chicken and egg issues. you have to have the hardware and then you have to have the content. go back to the launch of the original iphone. or two forut a year the applications to catch up to the iphone. we see no difference here. when you listen to google, when you listen to facebook, they are g theng about seedin content themselves to create an ecosystem you can consume on these devices. it was a key talking point from facebook the other night. google talking about youtube content, talking about their fee are -- there v.r. content and getting sports content on their ecosystem. that is what feeds the chicken and egg into an actual consumption cycle on hardware and software. cory: one of the interesting things i thought you did was

look at unit economics and what it costs for each device, which is tricky. the backend is very different. the playstation example, you have playstation oculus and inexpensive computer. -- and an extensive computer. i want to show you a slide. what struck me about this is there are not a lot of components. the components are just a couple of things. a display. i will use the sony one. 19%, $35. the accelerometer is just 1%, three dollars. 47% alone was the case cost. ist is interesting to me that that is the piece that can come down in cause. the technology exist, the accelerometer's and chips that people make, but plastic and headbands, do you think that is where the cost really come down? eric: look at what we have seen

in the market is already. , -- gearng year vr to $150.lose look at the google daydream device. to $79 and being sold for $50 online. we think they will be -- there will be different ways to approach the marketplace. cost,s the band going to how expensive it will be on your head going forward. away from the devices what is it tethered to? if it tethers to your mobile device, you will keep costs down. if it had this to a $1500 gaming pc, you talk about a higher-end experience in higher and cost. cory: who was the big winner? samsung, sony, htc? eric: early days, sony. i think google and samsung will be the next to watch tied to the mobile device. longer tailed is oculus.

it is the best experience. it is the most expensive. they have to get the cost curve down but that is why facebook made that long-term bet. cory: eric sheridan, we really appreciate it. up, 30 years ago -- a 30-year nasa veteran is leaving nasa for silicon valley. is it spacex? no. it is uber. flying taxis. this is bloomberg. ♪

cory: your morning commute is about to get a lot more exciting. uber has hired mark moore from nasa, naming him their director of aviation for engineering. they are looking at flying cars. brad, this is something -- you wrote about this last year. brad: this is one of the most fun stories going on right now.

but: i hate geewhiz stories i love this. brad: a flying car or an aircraft that takes off and lands vertically that runs elected power, a be automated, it is cool. --k moore wrote a paper there is a stanford professor that talked to larry page. they spawned two companies. one is the euro. what is kitty hawk. cory: which is a noted name in aviation. brad: we wrote about companies that are working on flying cars. uber at the end of last year wrote a white paper sing they want to play a role in the ecosystem. not holding them, but a role in changing regulations and negotiating with some liars and creating battery technology. they recently hired the guy from langley, mark moore, who wrote

the paper in 2010. this is very real. silicon valley is working on it. you'll be soaring through the air to your job one day. cory: or not. brad: or not. cory: i do think it is interesting that uber is a company that could have been all cloud. i don't mean cars in the clouds, but a company that takes the advantages of other hardware. we are worthy cash is transacted. instead -- we are where the cash is transacted. instead they are doing things they could have left to others. on one hand, it is all about leverage in the cloud and using amazon web services on the backend, and sumer phones on the front end, but sinking money into the development of cars. brad: there are two explanations. the cynical explanation is they are worried this will happen without them. google will develop a driverless car or z arrow will develop one

and they don't need uber. uber needs to be involved or they risk being left behind. on the other side, you invent the future you want to see. it is the same reason amazon developer alexa, developed kendall. you have to be involved in advocating for it. uber has the resources to do that. cory: they're sucking up guys who develop this. it is cherry picking academia. brad: google has been spitting these out. google'sentral to plans and transportations. this is what they decided to do outside the company and now uber is developing some capability in-house.

cory: what is this book called? "the upstarts." brad: have you finished it? there is a quiz when you done. cory: stop trying to take it back. i have yet to finish it, but i will. brad: when you are done, we will do an on-air quiz. cory: fabulous. , bloomberg.author we appreciate you coming on. days ahead are looking forward. the latest tech giants up an arm over trump's travel plans. this is bloomberg. ♪

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year. it's customary for visiting presidents to speak in london. but the house of commons speaker has the authority to block visiting speakers. german chancellor angela merkel says she will seek common ground therever possible" with trump administration. she said despite their differences, she will look at each issue separately to see if there are places the two leaders can cooperate. at a news conference in paris, the former french prime minister acknowledged his wife worked as a parliamentary assistant for 15 years. the practice is legal, but frowned upon. she was reportedly paid over $900,000 over 15 years. backe le pen well take control of the central bank and leave the country out of the euro, if she is elected.

le pen claims that the same nationalist forces that led to donald trump from victory will do the same for her. developed by more than 160 journalists and analysts 10 120 countries. 6:30 a.m. in hong kong. i have a look at the markets. rosalind, good morning to you. rosalind: thanks. new zealand markets are trading lower, taking a cue from wall street. taking a look at australia and japan, it also looks like those markets will be falling. we are expecting a central bank decision late from the central bank of australia. we are also expecting the latest reserves, the chinese reserve figures coming out later. the key question there is will

fall below the psychologically important $3 trillion mark. -- key question this month will they drop below? will they fall? and finally, taking a look at toyota. they raised their sales and operating forecast for the year, but missing analysts estimates. they say part of the key for them going forward are possible with the west. more from "bloomberg technology" next. ♪ cory: this is "bloomberg technology." i am or johnson. let's get back to the story today, the battle over donald order. immigration

-- i am cory johnson. if it sizes the importance of the band to the economy as well as society. -- emphasizes the importance of to the economy as well as society. joining us, we have the former adviser to twitter once upon a time -- we will get to twitter. i am going to start with trump. you wrote a great story. all of these tech companies humming together, but framing the argument around the economy and technology. >> absolutely. they are saying immigrants have long field our economy read the tech in this he is bestial in ist -- the tech industry special in that they have been started by immigrants. they feel the duty to make this statement, as we discussed earlier on bloomberg radio, this could get worse for companies, if donald trump goes any further

in this direction. this could harm their businesses beyond what it has already. historically, these companies do not want to get involved in politics in a public way, even if they are lobbying for legislation. 97 companies, and a very early stage of this in the legislative, lawmaking like, getting involved in a very loud way. >> absolutely. historically companies have tried to be apolitical. i would say over the last 5, 6, 7 years you have seen many tech companies from net neutrality to immigration have seen the need to step up. you look at organizations -- they are looking at ways to up the level of h-1b v says. they go from this level to make their voices heard.

worries about going backwards on restrictions. we have seen that in a very dramatic fashion. we expect this decision to go may be supreme court in the next hour, depending on which appeals are filed. sarah: the other thing, companies are hearing from the ittomers very directly. seemed like cooper was behind uberrump administration -- was behind the trump erministration, #deleteub trended on twitter. a lot of employees have protested. we have seen protesting the immigration order. this is bubbling up. know.i did not i was overseas. literally overseas.

that's fantastic. you had jack dorsey protesting in st. louis last year. sarah: right. cory: ok, i want to turn to twitter. sarah: speaking of hashtags. cory: speaking of hashtags, speaking of jack dorsey. revenue growing, they are doing a little bit better, but what is the most important thing for a business analyst, trying to understand that business, that they should be focused on? >> i think it's exactly what you said. fromgrowth has stalled 3,000,005 users globally who see value being on the -- 3 million-users globally who see value being on the platform. the story is he is a growth, user growth, user growth.

while they have done a good job on monetization, the number one user is expanding the base. especially when you look at everything from facebook to snap. cory: snap. i missed that last week. the ipo. that's another one where user growth is growing radically. i should say over the last year. looksr the last year, it great. over the last quarter, more challenged. it has a key benefit twitter doesn't. which is if you look at the them base,hics of its user it's a generation to two generations younger. the other one to watch, it looks like the next generation of snap -- musically. cory: it's really big in my house. sukhinder: mine, 20. and my stepson is 17. i see this distinction in my own household. -- my kids are seven and 11.

in my stepson is 17. howh: but then, you think long will this last in the hearts of the zone people? snap, the same thing. they have this user growth to a healthy level? is it going to sustain itself? them build the advertising business very vastly far beyond where it is, given that their users may stagnate like twitter? : but you can bring more forms of content to that platform. sarah: and they are very good at demonstrating product in a way that we have not seen from twitter as pneumatically. that is something we come back to from this company, without a lot of products innovation, how can you grow the user base or change of you are? cory: you know who watches the show every day without fail? elon musk. news just crossed from reuters

that tesla's going to join the legal brief -- he is clearly listening. i think elon is probably making a point that you can be engaged with mr. trump and be part of the legal prefiling as well. us.: thank you for joining we want to talk about your company. the mckinsey report points out the role of women in technology. 37% are stuck at entry level jobs. women in be a lot of technology, maybe not a lot of women in technology stuck in those jobs. i wonder, what is your in the goal question mark how do you expect to get there? : i think what you're referencing is the board list, which is designed to get more women on board's overall. our endgame is, as you describe, women's participation in the telecom the is lagging -- cory: what economy?

: the towns economy. it's not just an innovation economy. it's a talent economy. at all levels.g the board is focused on women in the boardroom, because the staff there are as bad at every other level in which the tech industry is dragging. our in goal is to see women with equal representation gender wise in every tech boardroom globally. cory: great stuff, and something that is desperately needed. appreciate that. sukinder, thank you, as well as sarah frier. and the third executive to leave the embattled -- david sacks announced he will be stepping down as ceo of the company, his there less than a year from

the torture of the cofounder parker conrad. we will sit down with a ceo next. this is bloomberg. ♪

cory: the neighborhood focused hasal network nextdoor acquired the assets of its british counterpart streetlife. the specific terms of the deal have not been released as part international expansion. the ceo joins us, also cofounder, nirav tolia. even speaki can today. i just got back from vacation. what do you want? look at the easiest markets to move into, i would

imagine internationally, the u.k. would be on the top of your list. nirav: it's one of the easiest because of language, but also one of the most strategic because of the size of the user base and the ability to monetize makes the u.k. extremely advantageous for us. cory: i should back up and ask thereextdoor is? nirav: has not been a social network until nextdoor which allows us to communicate with one of the most important communities, the one right outside your front door. cory: i think this is so cool. this is a company -- you are so kind, but i really think it is important for people to connect with people and for people to know who their neighbors are and know what is happening in the community that changes the nature of the community, makes it better. and you guys are doing it with technology. we are in increasingly divided world. and most of the time we have echo chambers where we hear more of the same. cory: as witnessed by the election. about but nextdoor is not

who you know. it's about where you live. 75% of american neighborhoods use the service. cory: talk about revenues. i don't expect you to tell me revenues, even if i beg, but give us a sense of the u.k. opportunity three years from now. nirav: we had to big priorities last year. one was international expansion. we join -- we launched in the netherlands and then the u.k., to sow the seeds for monetization. we started and we are testing things in various markets. we had a very good response from national and local businesses, and you'll see more in 2017 of both. you will start to see revenue products we are pretty excited about. cory: revenue and local advertising has been one of the holy grails of the internet. it's been a very difficult thing , going back 10 or 15 years

even, and you see companies with different approaches. google. groupon. maybe, maybe not. when you look at that, and you have looked at it for the most people, what do you see is the biggest policies about getting local advertising online? nirav: the fallacy is demand is not there. the demand is there. the criticism is that it is hard to scale. most of the time when people have successful local monetization, it is because they hire a lot of sales people. cory: yellow pavements -- yellow pages style, right? nirav: yellow pages doubt. we think one of the opportunities for nextdoor, because we are so well adopted, owners ofr users or the local businesses. they want to be part of it. cory: can you make advertising easy to buy? twitter has struggled. let me give twitter some credit. they have made it a lot easier just by tweaking things, adding

buttons, putting things in more logically-oriented places. you look at that as a model at all? nirav: the reality is that building robust ad systems is a challenge. when you look at the engineers google employees working on add systems, that facebook employees, twitter as well -- certainly we would like our systems to be as robust and easy to use, but we've got a get started and that is where we are now. cory: do you see other models or formats that might be important in terms of ads? again, you're talking about a very different kind of advertiser. nirav: advertising has to be performative, and it has to be something local businesses understand. they don't have an analyst at their shop looking at yield and cpa andnderstanding cpc. they just want to know they are part of the conversation. they want to know whatever they do, whether it is a yellow pages at -- cory: let me push back on that. it seems to me if you want to buy an ad for oakland ice cream or piedmont ice cream, you know

you want ice cream. that, but can buy you don't have a website, so where is that adware going to go? the biggest difference between facebook and google and nextdoor , many of our advertisers fulfill in a real world, not on a website. let's take the ice cream example. you buy that in person. we look at models the introduce these businesses to consumers in an easy to understand way, but the consumers have to go out and patronize the stores. cory: yeah, mail-order ice cream -- nirav: yeah, it's going to melt. cory: another reason i did not go to business school. nirav tolia, ceo of nextdoor. all right, tomorrow, caroline hyde will be bringing you several interviews including the ceo of aol.

earnings after the bell -- we will discuss that. this is bloomberg. ♪

cory: all right, breaking news here. to big companies, both of them selling computer artwork, both of them have women executives, both of them saw earnings and revenue shrink, and both of them gave record pay to their ceo's. romilly.an and jenny we have the statements of what they're paid. gina from eddie hageman $.5 million, a big improvement in her pay. was itett-packard, what $5 million in stock bonuses big for gina from eddie? meg whitman, $35.6 million at hb. big news there. disney is in the hot seat.

the ceo says profit growth could be modest. network is at an 11-year low in subscribers, suggesting disney should consider divesting from espn. scarlet fu dove into earnings today in numbers don't lie. of espn the importance is apparent and is april operating income. made up halfroup of the uprooting income. is the and is dipping's highest rapid generating -- is disney's highest profit generating network. the tv bundle concept is starting to lose favor. espn saw its ratings fall 20% in 2016. the u.s. subscriber base alone has run to 90 million. disney says it will launch a subscription-based online version of espn this year. while the network is gaining new streaming services, revenue remains under pressure because

of an erosion of its traditional customer base. outside the television network, disney's movie division has been a bright spot, delivering record profit. made almost $3 billion at the box office last year alone. let's not forget the disney theme parks. it is the world's biggest themepark operator. the opening of a park in shanghai did weigh on profits. disney does expect to break even on the part in fiscal 2017. in the meantime, it is expanding with star wars and avatar-themed lands. months, there has been speculation that disney could buy netflix or even twitter. we will get more from disney ceo bob iger after they release earnings after tuesday's opening bell. that was scarlet fu, looking at disney. we will continue looking at disney.

we have our correspondent from bloomberg intelligence. it's this in importance quarter for disney question mark i was looking at the 20th century fox results. you would expect the quarter to go well for them. but disney had star wars. reporter: yes, the expectations for the whole of fiscal 2017 -- management has telegraphed to this -- it's going to be a little bit mixed results in fiscal first quarter. we will see tough comparisons of filmarks segment, the segment, and consumer product. i think it will be a little of a soft quarter, that that has been telegraphed pretty decently. cory: so, i get the star wars dynamic. i think i get the abc dynamic. themepark slow. what is the curveball on theme parks in q4 last year? reporter: yeah, what happened was because of hurricane matthew, they had to close the parks down. expecting headwinds to

operating profit, $40 million, and then a shifting of the holiday period from the december quarter to the march quarter area that is costing about $20 million of operating profit to shifted to the march quarter. some weakness expected there. so, really, hurricane, you should expect headwinds? that's probably good advice across all of the universe. just about 20 seconds here. movies has been their absolute home run. it is firing on all cylinders. we will see an absolute blowout tray 17. "beauty and the beast" above all expectations. and 2018 will be an absolute blockbuster. cory: thank you very much. back to breaking news in the buzzfeedlving door -- reporting snap's and head of strategy leaving the company right after the ipo is filed,

but before the ipo happened. work closely with advertising agencies. top execs over just 12 months. that does it for this edition of "bloomberg technology." tuesday we live from the makers conference. ceo of martha stewart living will be joining us. for now that is it. this is bloomberg. ♪

♪ from our studios in new york city, this is "charlie rose." charlie: we begin tonight with iran. friday morning, the trump administration announced a new sanctions against iran. it comes from a response to a new ballistic firing earlier in the week. individuals with relations to the revolutionary guard. joining me, my guests. i begin firs