francisco court hearing on tuesday will consider the trump administration's appeal to reinstate a travel ban. the white house says that seattle's judges decision to suspend the ban was vastly overboard. if the administration loses the appeal, the case will go back to the seattle court. aussie dollar spiked after the rba was at a record low. if thethe decision was foreseene economist we asked. it comes as rising commodity prices ease the impact of slower growth. inflation remains below the target and may further overheat

the housing market. china's new loans may have hit a record in generate. sources say initial government data shows new lending with near or above the previous monthly record of $364 billion. the credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. 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 of the markets. afternoon trading getting underway in hong kong and china. the hang seng index unchanged. ♪ cory: i'm cory johnson in for caroline hyde.

who is in for emily chang, i am still cory johnson, this is "bloomberg technology". 97 tech companies take a stand as san francisco becomes ground zero in president trump's travel ban. plus, we will chat -- cap into virtual reality. a detailed look on who will be banking off of virtual reality. uber is researching floating taxis. we will talk to the man who literally wrote the book on uber's flying cars. the epicenter of the international debate on president trump's immigration policy is right here in san francisco. the ban temporarily restricted citizens from seven muslim majority countries from entering the u.s., with a permanent ban on refugees from syria. it remains on hold after a judge in seattle ordered a hold on the ban. the ninth circuit court of appears -- appeals here in san francisco is deciding whether to

restore the ban or revert to earlier policy. that decision is expected at any moment. 97 companies, including some of the biggest names in tech, filing a legal brief condemning the ban. citing, business reasons. for more on how the trump administration has responded, let's ring in bloomberg corresponded shannon. what is the latest? the deadline for response from the trump administration was two minutes ago. shannon: they got their response and now we 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. cory: i misspoke. 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 not just the ninth circuit said in san francisco, but the judge in washington cited economic impact not just for the individuals being kept out of the country, but for businesses that would be affected within this country. shannon: there is something novel argument because there has not been a travel ban placed on a group of 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. this 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 where most of these bans are temporary, a pause, as the phrase has been used, 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 to both his supporters and the right-wing base. we are fighting this. we are going to keep those people out. 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 campaign promises. this was something he brought up during the campaign, it was controversial then. they knew it would be controversial now because it was controversial then. it is a way to deliver on that promise and say hey, we said border security would be promised. 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. its delivery on that campaign promise and a very bold, early, aggressive way, which is really all he could do right now is executive order because he does not have much of his cabinet in place. informationo have from you our bloomberg white house supporter. leaders in the technology sector have been some of the most outspoken critics on president trump's executive order on immigration. it is because of the many companies that do fine u.s. today would not exist had it not been for immigrants. here's a quick recap. ♪

cory: here to discuss the issue -- tech industry's view on she worked at in asia-pacific and latin

america and pacific and 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 different sorts in technology coming together on this issue. is it about the progeny of these countries? famously, sergey brin, we know so many companies came from immigrants. or is it about the way businesses are happening today? >> 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, over 50% of the highest skilled workers are immigrants. when you step back and look at the source of innovation, it has been bred by an open immigration policy that has let the best and brightest minds in the world flow easily into the country.

cory: the notice of non-comprehensive immigration reform, which has been a republican argument, more h-1b visas, it will keep the people across the border illegally out. let's let the people we want in. dout the people who will good things in and keep the other ones out. >> it is easy to say that in theory, but in practice these are broad brush strokes. when in fact, there is little data to suggest that u.s. terrorism has been founded by the countries of the people that are being kept out. the argument that the 9/11 bombers were from other countries. speak to people who have actually been born in the united states and our homegrown terrorists. if you look at solving terrorism on the one hand and a broadbrush swath that immigration has to be stopped from the seven countries

and saying that no innovation will come from these countries, it is ludicrous to suggest that keeping these countries out will keep america safe. policiescreate broad that keep out innovation, and us from accepting the smartest and brightest to are willing to come and build companies here, on which the entire u.s. economy will prosper, there is a large argument in favor. very little data suggest that many people are responsible for the acts of terrorism we have seen. 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. not take them back to china. >> 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 companies 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 policy. cory: the 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 have complained that people can't find other jobs because their ability to live in the country is stapled to their id card, where they can't leave and go somewhere else and received gainful employment elsewhere. 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 -- my company on the fact that i got in through an h-1b and convert that to an e-b1, an extraordinary person visa. that allowed me to leave the company who brought me here and start my own company. my company is much smaller than google and benefits from h-1b.

i don't think it is a case where h-1b is disproportionately for large companies. it allows you to find your way here. once you are here, your means to be gainfully employed is a function of your resume and ability to transfer the h-1b. there are proper and will use procedures for doing that between companies. i don't think it is the case where the h-1b is a red herring gobbled up by large companies. i think you will find that in every silicon valley company, large or small. cory: it is amazing how the conversation has shifted. now we're talking about letting people in the country. she will stay with us throughout the hour, i am grateful for that. the company will be delisted by the nasdaq if they do not make their february 23 deadline to file earnings.

they track box offers performances and the like of hollywood. coming up, virtual reality is not new but it could be a tipping point for mass adoption. is virtual reality becoming an investment reality? this is bloomberg. ♪ ♪

cory: facebook and google are fighting fake news in france. the country 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. they will be flagging suspicious content with the 4 million users in france. google worked with french media to verify photos, videos, and

means associated with that election. facebook is one tech giant focusing on virtual reality. eric sheridan thinks that v.r. may be at a tipping point. joins us from the trading floor. 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 consumers in multiple countries including china, the u.k., the u.s. about consumer intent. we also surveyed consumer views -- reviews online about devices that have launched, and we look at google search data to measure intent versus the desire. around these launched devices trending through the holiday. . period.ay

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 the purchases, the devices really useful. eric: it is a great question and at the heart of the matter. ecosystems when they get build up our chicken and egg issues. you have to have the hardware and then you have to have the content. go back to the original launch of the iphone 10 years ago. it took about a year or two for 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 talking about seeding the content themselves to create an

ecosystem you can consume on these devices. it was a key talking point from mark zuckerberg on the facebook all the other night. google talking about youtube content, talking about their v.r. content and getting sports content on their ecosystem. that is what feeds the chicken and egg into an actual consumption on both sides, the hardware and the 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 you have the backend of the playstation machine oculus 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 application process is another big truck of cost, buy presents -- 5%. the accelerometer is just 1%, three dollars. $47 alone was the case cost. what is interesting to me is that in your argument, that is the piece that can come down in cause. the technology exist, the accelerometer's and chips that people make. but the components like 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. the samsung gear v.r. is close to $300. look at the google daydream device. that is close to $79 and being sold for closer to $50 on the online google store right now. there will be different ways to approach the marketplace. what is the band going to cost, how expensive it will be on your head going forward. and you are right, away from the

devices what is it tethered to? if it tethers to your mobile device, you will keep costs overall down. if it had this to a $1500 gaming pc, you talk about a higher-end experience and a higher and costs. cory: who was the big winner? samsung, sony, htc? eric: early days, sony. because it is tied to the game experience of the vr. 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 to make it a better consumer product, but that is why facebook made that long-term bet. cory: eric sheridan, we really appreciate it. coming up, a 30-year nasa veteran is leaving nasa for silicon valley. is it spacex? no. it is uber. flying taxis. yes, that is next. 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. bloomberg technology's brad stone joins us now. he learned about this in business week. brad: this is one of the most fun stories going on right now. cory: i hate geewhiz stories but i love this. brad: if you are a science fiction fan, the idea of a flying car or an aircraft that takes off and lands vertically that runs elected power, a be automated, it is cool. a little background, seven years ago a guy named mark moore at nasa wrote a paper -- there is a stanford professor that talked to larry page. they spawned two companies. one is z arrow. one is kitty hawk. ashlee vance and i wrote about

these companies. they are very secretive. 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 saying they want to play a role in the ecosystem of flying cars. not necessarily build a flying car themselves, but they think they have a role in changing regulations and negotiating and creating battery technology. they recently hired the guy from langley, mark moore, who wrote the paper in 2010. adding a lot of firepower, this is very real. silicon valley is working on it. you'll be soaring through the air to your job one day. one day, maybe not soon, but perhaps 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 where the cash is transacted. instead they are doing things

they very easily could have left to others. on one hand, it is all about leverage in the cloud and using amazon web services on the back end, and using consumers phones on the front end, but sinking money into the development of cars. brad: there are two explanations. one may be positive, one a little more cynical. 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 developed the alexa, developed kindle. if you want to see a future and solve real problems, 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 got a lot of criticism for the big bets. one by one google has been spitting these out. this is central to google's plans and transportations. these flying car projects they decided to do outside of the company. now here uber is developing some capability in-house. cory: what is this book called? it is time to start shopping for this but now. "the upstarts." brad: have you finished it? cory: would you sign up for me? it really is terrific and i have yet to finish it, but i will. brad: when you are done, we will do an on-air quiz. cory: fabulous. brad stone, author, bloomberg. we appreciate you coming on.

we will greet the week and i to the tech stories that are in the center. we are looking forward to it. the latest tech giants up an arm over trump's travel plans. this is bloomberg. ♪ >> it is 1:30 p.m. here in hong

kong. tesla and space x has joined corporate america's push against president trump's immigration ban. more than 120 companies filed a legal brief emphasizing the importance of immigrants to the economy. comes elon musk position on the business policy advisory council. graham wheeler graham wheeler e is stepping down in september when his term and. he says he has always intended to serve only one term.

the deputy will take over and an acting capacity until march next year. that gives the next government time to make a permanent appointment following elections on september 23. the fight for toshiba's chip business is heating up. korea economic daily says, they have offered $2.6 billion for the unit. them asei news named possible bidders. the wall street journal says foxconn may also be bidding. toshiba needs funds to cover a multibillion dollar. they see operating losses extending into the first half of 2018. ceo made the forecast, despite expecting great rates to do -- discover as much as the industry's overcapacity. the merchant says, it is in the early stage of talks to invest in a container terminal in southeast asia. mobile news 24 hours a day powered by more than 2600 journalists and analysts in more than 100 20 countries.

you are watching bloomberg. let's get a check of the markets. asian rally as crew falls back below 50 bucks a barrel. we are seeing japanese shares on the back of the nikkei 225, 2/10 of a percent. japan is on the decline after their earnings are point -- earnings report. outlooks. we have chinese equities falling as investors wait on the latest reserve data. gaining.on stocks are we did have the rba hold on a cash rate at 1.5%. the abhi dollar -- the aussie dollar did drop. kiwi dollar is at a three-month high here in the first quarter. a quick look at the offshore yuan, falling as we see it here.

falling about a third of a percent. this is bloomberg. ♪ cory: this is "bloomberg technology." i am cory johnson. let's get back to the story today, the battle over donald trump's immigration order. from airbnb, a legal brief sunday night condemning the travel ban. it emphasizes the importance of the ban to the economy as well as society. joining us to discuss this, still with us, former president of google's asia-pacific and an advisor to twitter, once upon a time. i want to start with trump. you wrote a great story. all of these tech companies

coming together, but framing the argument around the economy and technology. >> absolutely. they are saying immigrants have long fueled our economy read the tech industry is special in that they have been started by immigrants. they feel the duty to make this statement. that said, as we discussed earlier on bloomberg radio, this could get worse for companies, if donald trump does something about h-1b visas, if he goes any further in this direction. this could harm their businesses beyond what it has already. cory: historically, these companies do not want to get involved in politics in a public way, even if they are lobbying for legislation. you certainly see that during the election. 97 companies, and a very early stage of this in the legislative, lawmaking way 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 emigration have felt the need to step up their lobbying efforts. but we are seeing here is pretty unprecedented in. they thought they were dealing with things like how the up -- how to up the numbers of h-1b v says. they go from this level to make their voices heard. cory: maybe the policies are moving in the exact opposite direction, or maybe worries about going backwards on restrictions. we have seen that in a very dramatic fashion. we expect this decision to go maybe supreme court in the next hour, depending on which appeals are filed. sarah: the other thing, companies are hearing from the customer is very directly. it seemed like cooper was behind -- uber was behind the trump administration, #deleteuber

trended on twitter. a lot of employees have protested. there is a lot of bubbling up employees of tech companies protesting. we even saw him protesting the immigration order. this is something that is bubbling up, not just from the legal side of things. cory: i did not know. i was overseas. literally overseas. that's fantastic. you had jack dorsey protesting in st. louis last year. sarah: right. black lives matter. cory: ok, i want to turn to twitter. sarah: speaking of hashtags. cory: speaking ofhashtags, speaking of jack dorsey. you were once an advisor of twitter. 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.

unfortunately the story on twitter remains the same story, which is user growth has stalled from 3,000,005 users globally who see value being on the -- 3 -- 3 million-users globally who see value being on the platform. but the story is he is a growth, user growth, user growth. honestly, the story is user growth. the number one issue is expanding the user base. especially when you look at everything from facebook to snap. becoming the new form of distribution. cory: snap. i missed that last week. the ipo. that's another one where user growth is slowing dramatically. i should say over the last year. >> over the last year, it looks great. over the last quarter, more challenged. having said that, snap it has a key benefit twitter doesn't.

which is if you look at the them a graphics of its user base, it's a generation to two generations younger. the other one to watch, it looks like the next generation of snap . is, -- my children are seven and 11. and my stepson is 17. i see the distinction between musically and snap. twitter is a growth problem at its demo is a problem. sarah: then you wonder how long it will last in the hearts of these people. snap, the same thing. they have this user growth to a healthy level? is it going to sustain itself? are we going to see them be able to build the advertising business very vastly far beyond what it is right now given that , their users may stagnate like twitter? sukhinder: but you can bring more forms of content to that platform.

sarah: and they are very good at innovating product in a way that we have not seen from twitter as to medically. -- dramatically. 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 against the immigration order. he clearly was listening. sukhinder: i think elon is probably making a point that you can be engaged with mr. trump and disagree with his policies actively. cory: thank you for joining us. we want to talk about your company. in 2016, the mckinsey report points out the role of women in technology. 37% are stuck at entry level jobs. there may be a lot of women in technology, maybe not a lot of women in technology stuck in

those jobs. you guys are focused on this at your company. i wonder, what is your in the goal, how do you expect to get there? sukhinder: 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 talent economy is lagging at many different levels. cory: what economy? >> the talent economy. it's not just an innovation economy. it's a talent economy. when you think about the axis to talent, women are lagging at every level. 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 tracking. our in goal is to see women with equal representation gender wise and industry wise in every tech boardroom globally. cory: great stuff, and something that is desperately needed. appreciate that.

from boardlist, 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 tenure less than a year from the -- taking the reins from its cofounder parker conrad. coming up, we will sit down with a ceo next. this is bloomberg. ♪ cory: the neighborhood focused

social network nextdoor has acquired the assets of its british counterpart streetlife.

one and a half million users can now sign up before it shuts itself down. the specific terms of the deal have not been released as part of nextdoor's international expansion. having entered the u.k. four months ago, the ceo joins us, also cofounder, nirav tolia. i can't even speak today, just got back from vacation. this is a huge deal, i would think for you. when you 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 in that market makes the u.k. extremely advantageous for us. cory: i should back up and ask you -- nirav: there 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. nirav: we are in increasingly divided world. that is the truth. networks, because we hadn't pick our friends or followers, they are echo chambers where we hear more of the same. cory: as witnessed by the election. nirav: but nextdoor is not about who you know. it's about where you live. it's about coming together with your neighbors to make the neighborhood that are for everyone. we have been around for almost five years. 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 me a sense of the u.k. opportunity might be three years from now. nirav: we had to big priorities last year. one was international expansion. we launched in the netherlands and then the u.k., to sow the seeds for monetization.

we've 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. international expansion, particularly in western europe. 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 is very good at local, 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 difficulty, and one of the true criticisms is, 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. one of the big challenges -- cory: yellow pages style, right?

nirav: yellow pages doubt. we think one of the opportunities for nextdoor, because we are so well adopted, many of our users or owners of the local businesses. they will call on us because they are familiar with the platform and 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. do you look at that as a model at all? nirav: the reality is that building robust ad systems is a challenge. if you look at the number of engine years that google employees working on ad 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 are not buying ad words. they don't have an analyst at their shop looking at yield and really understanding cpa and 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 -- 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. they probably know that. nirav: you can buy that, but 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 are looking 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. congratulations on the deal. nirav tolia, ceo of nextdoor. tuesday, blue brick technology will be live in palos verdes, california. interviews including the ceo of aol. disney is getting ready to report earnings. we will discuss that. this is bloomberg. ♪

cory: all right, breaking news here. two big companies, both of them selling computer hardware, 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. meg whitman and jenny romilly. we have the statements of what they're paid.

romney receiving 5.95 in payout. at hewlett-packard, what was it $5 million in stock bonuses big for her, meg whitman, $35.6 million dollars at hpe disney is in the hot seat. the ceo says profit growth could be modest. espn was once considered disney's crown jewel. now the sports network has hit an 11-year low in subscribers, suggesting disney should consider divesting from espn. scarlet fu dove into earnings today in numbers don't lie. scarlet: the importance of espn is apparent in disney's operating income. the network group made up half 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 -- 11% in 2016. the u.s. subscriber base alone -- shrunk 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. the division 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.

disney may even make a deal this year, one that has nothing to do with the calls to espn. for 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. cory: that was scarlet fu, looking at disney. we will continue looking at disney. the impact of court cuttings earnings. bloomberg intelligence. is it an important quarter for disney? 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 really well to investors. it's going to be a little bit mixed results in fiscal first quarter. we will see tough comparisons of

the parks segment, the film 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. theme parks though. 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. they are 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. cory: so, really, hurricane, you should expect headwinds? that's probably good advice across all of the universe. where do you see one place for our upside. just about 20 seconds here. geetha: movies has been their

absolute home run. it is firing on all cylinders. we will see an absolute blowout 2017. "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 tech revolving door -- buzzfeed reporting snap's and head of strategy leaving the company right after the ipo is filed, but before the ipo happened. greg wax work closely with advertising agencies. in 2015 they lost eight top execs over just 12 months. that does it for this edition of "bloomberg technology." tuesday we live from the makers conference. the former ceo of martha stewart living will be joining us. for now that is it. this is bloomberg. ♪

the deregulation debate. the ecb says a relaxing the rules is the last thing we need. manus: blocked in britain. the speaker will block the u.s. president from addressing parliament. ona: francois fillon clings and angela merkel falls behind for the first time since 2010. manus: the biggest bank releases earnings. ♪