senate rules by impugning the conduct of a fellow senator. cia director mike pompeo wellhead to turkey tomorrow according to turkish present erdogan who spoke with president trump today. says the president responded positively on two key turkish demands that soured the relationship between turkey and washington. says that aump court challenge to his executive order on immigration as "disgraceful." chief's in police washington, the president spoke about how clearly the order was written. an appeals court in san francisco is weighing whether to continue the suspension. forces fighting islamic state should be able to reclaim cities within iraq and syria in six months. iraqi forces have taken half of mosul. global news 24 hours a day powered by more than 2600

journalists and analysts in more than 120 countries. this is bloomberg. "bloomberg technology" is next. caroline: this is "bloomberg technology." coming up, intel's latest $7 billion chip. why the presidential that in arizona is not as fresh as it may seem. plus, apple hits refresh on his television dreams as the tech giant potion is the head of amazon tv. a tumble despite solid revenue growth. why investors are looking beyond the latest earnings reports.

$7el says it will spend billion on a production facility in arizona. it came amid a meeting between the intel ceo and president trump at the white house. intel's presence in arizona and will create 3000 jobs. the investment was included in its capital spending forecast. and construction had already startedso. so, why the announcement now? cory johnson caught up with stacy smith and asked him why the company's focused on building in the u.s. >> if you think about our footprint as a company. we tend to be among one, two or three in terms of capital everyng in terms of r&d year, so we are shoes. the majority of that investment is in the u.s. the majority of it is here in the u.s. the reasons we invest in the

u.s. is first and foremost, we canhire great people here. we have really good infrastructure. we have access to worldwide markets. while we build our capacity in the u.s., 80% of our sales are outside the u.s. so that is really important. we do all that against a disincentive of the u.s. has among the highest tax rates in the world. and so, we're actually disadvantaged relative to our competitors in korea or taiwan. and that is a place where we are working closely with the administration to try to get more pro-investment policy, such that it makes more sense for us to continue to make these kinds of investments here. 8 billion about the price tag on the top of the line plant? >> yeah, we are starting with a shell. we have some work to do and then to outfit it and get it into full production is another $7 billion.

if we were starting from just a 're probablyd, you in excess of $10 billion to build one of these factors. cory: the time horizon -- i visited a factor in hillsboro. it is jaw-dropping. i wonder in terms of the time that it takes. you have to shell, but if he were to start with vacant land to complete this kind of fa how long does it takeb? >> it is kind of from start to finish, depending on where you are it is 3-4 years. to put it in perspective, in addition to the direct employment we are creating for intel, these are among the largest construction projects on the planet. this one already has a shell. we will still have 3000 construction employees getting toe same -- this thing ready production. they are just enormous. in the impact they have on communities is also enormous. cory: it strikes me there is irony. here you have intel where andy

grove, himself a refugee and a founder of intel, and at the same time the federal district court in the bay area is debating this immigration ban. and then you have brian, your ceo, at the white house today with president trump. and i wonder what is intel's, how much does intel need immigrant labor or even labor for refugees around the world? how important is it at intel historically at how important is it today? >> it is very important for us to be able to hire the best talent. the task that we have, the r&d, we have solving the most complex problems on the planet. to put this in perspective, intel is not political. we engage with democratic and republican administrations. depending on the issue, in some places we agree. here we are in agreement over what they are trying to do around the tax and investment policy. and other places, we disagree. and issues around immigration

and being able to hire the best talent. we made that clear to the administration. so, we engage on issues, not necessarily down political life. our issues are investment, being able to hire the best talent, being able to build and the u.s. and export around the world and make the kinds of investments that make is a great company. cory: talking about intel's use visas, could that be simpler than it has been in the past?? >> it comes back to that simple concept of we need to be able to hire the best talent in the world. as you know, in many cases, the phd's, you have people that come in from overseas to get phd's in math and science. and those of the people that make intel a great company. what we would like to see in the hb1 space is a higher proportion of those visas are being

used for the most high skilled, technical people. it is one of the places that i know that brian is engaging to make our point of view no. known. caroline: joining us now is david kirkpatrick. he's at a show in new york. and our editor at large cory johnson. "the" cory johnson that was just there with stacy smith. is he being disingenuous here? cory: he didn't say anything untrue, certainly. and what they are doing is a huge deal. and the numbers that he cited in the olval office -- is a very important employer and exploited that grilli. but i think they are exporting the desire of the president to tout things that are in the works as if they would not have happened without him. and that is sort of the case of ibm, which has been laying

off workers in the u.s. re-announcing numbers on the president-elect at the time, trumpeting them. but maybe never so moreso in this case, where we have this amazing thing heard i found this picture of the president speaking in front of this building saying, wait, it was that president. speaking of front of the same building. the factory being built behind the is an example that america reach, and america that attract the next generation of manufacturing jobs. caroline: 2012. cory: january 2012. the notion our last president and our current president have both looked at this facility as an example of their prowess and bringing manufacturing jobs to the u.s. intel was going to do this hires. intel is very clever to go to the white house with that announcement. but these jobs were coming one way or the other. caroline: give us your take.

how does this sit with you? david: i actually think intel opportunistic but i cannot blame them. when trump was at the press conference he said a few weeks ago,, brian called me and said he had an announcement otto make. if he can make his announcement standing next to the present or issue a press release with some kind of poorly attended press sanerence in francisco, it is a no-brainer. he got tremendous publicity out of it. he also served trump's needs. hasy's "financial times" this great headline about prime minister abe. abe seeks to offer trump gifts of twitter will investment pledges. the prime minister of japan is with thingse u.s. that the japanese copies are doing that trump can talk about in his tweets. intel did the same thing. it is something that leaders are

doing, and trump makes himself vulnerable to that. i think it is to the benefit of intel but it is to the benefit of trump. cory: the timing is important. dayl's annual analysts there important to them. this event sometimes has gone many days. tomorrow is a one day event. they needed to have this news out before analysts day, because they will talk in great deal about their capex plans. this would have been old news on friday. this is new news on saturday. in terms of the dollar amount, the resuming of the inside of this plant. cutting-edge plant and a history of technology when it comes to making semi conductors. caroline: th competitive pressue helping push the envelope by much further is what. cory johnson and david kirkpatrick. presidents in canada

despite regulators looking to tighten rules. -- presence in canada continues despite regulators' looking to tighten rules. this comes at a time when the housing affordability is a controversial issue in canada. the average price in toronto of a single family home is more than $1 million canadian dollars. despite upbeat earnings, akamai took a tumble in trading. why are investors skeptical? we will talk to the company's ceo next. this is bloomberg. ♪

caroline: akamai stocks fell more than 10% in today's trading. some investors are skeptical about the companies urge to splurge.

despite the fourth quarter earnings estimates that beat estimates. tom, thank you for joining us to discuss all of this and give us a sense, why are the analysts skeptical about the investment you are going to making, worried about the margins, but what are the new product you could be loading up for them? >> the investment is justified. we have proven we are prudent with our investments. you take a look at our website security business. in four years that has grown from near nothing to $400 million. % year over year. we have our new products with image manager at bot manager. bot manager our best new product release in many years. i think the future is very bright, i think we have proven that we can start a adjacent lines of business and be very successful with the investment. caroline: you say they will boost sales. can you give us a timeline of exactly when you might see

significant movement and revenue on these new product lines? >> i think revenue is already excel repair you can see that in q up 2 points in growth over q 3. it is important to see the core of the business that grew 15% for th yeare year. there are some of the giant platform companies that are doing more of their delivery themselves. they account for 10% of our revenue. the future impact is limited. verythe core being strong. so i think there is reason for optimism for akamai. daroline: what about the clou security area? this is a new product that is bringing in more than $400 million. what sort of threats are you seeing at akamai present in the news, are there more threats or are they just perhaps more -- ? >> the threats are rapidly increasing in size, scale, sophistication. there is denial of service attacks that take websites

off-line. there are attacks to corrupt information on website. and attacks to steal confidential data, credit cards from transactions taking place on websites. today we are in the web security business. we are just beginning to get products into the enterprise security space, which is a much larger potential market. these are products to stop andare, to stop phisinhing corporate level data ask filtration. -- ex filtration. caroline: you talked about the previous customers that are doing her own networks, netflix being one of them. can you talk about the theme of over-the-top provision? how much is that playing into your business or not? over-the-topy our business is growing at a very strong and steady clip. and i would expect that to continue. i think everyone believes there will be more and more watching

over the top. we get a large fraction of that business at akamai, because of the high quality delivery we provide. stronghink that has a and healthy future, especially if new capabilities like 4k or v.r. grab a foothold. talk,ne: cnan you going back to some of the concerns highlighted by investors, we talked about how quickly you think the revenue will come online. revenue up 7% in the fourth quarter. what about the margin pressure, how long to think that will exist while you use this investment cycle? >> i think that is in the near to medium term and it depends what investments we make this year. to be clear, it is perfectly possible for us to continue operating the business at current margins and be very healthy, but when we look towards the future, we see some very interesting opportunities for investment. and we operate the company for the long-term benefit of the shareholders. and so when we see these kinds of opportunities, we are going

to take advantage of it. that might cost up a point will moret it than payback in the future as we look towards 2018 and the end of the decade. ceo, greathe akamai to have you on today. thank you very much for your time. hires a come, apple key executive away from amazon. what does it mean for apple's tv service? this is bloomberg. ♪

caroline: some streaming news grabbing our attention. new digital subscribers will receive free access to the world's largest music streaming service. a one-yearuy suspension to the times will get

unlimited access to spotify which usually cost $120 a year. it's aimed at helping both companies. this has been previously tried and tested by me. by the british daily, "the times." and good news for those in the e.u. allow subscribers of online streaming services and one country to access a service while traveling to another. video-on-demand platforms like netflix and amazon prime amongse spotify and diva those mandated to be available. this is the first step to introduce a single digital market in europe. with streaming media, apple has hired the former head of amazon's tv. he lead the apple tv's product marking. it renews apple's focus on tv and prolifi looking for more cor their device. the move came out late yesterday.

mark, break it down for us. it's going to get a product push in terms of marketing. what does this really signify? >> it signifies two things. it is saying that the -- who ran previously to this higher as vice president of that division, he came from hulu in 2013. he'll be stepping away from product marketing to product management, indicating what features come on the road. and focusing almost entirely on negotiating new content deals. that is a big deal. on the other hand, timothy ter dahl coming from amazon will breathe new life into the apple tv product which decreased in sales year-over-year from last oliday. to this solihli caroline: does this build anticipation to buy an apple tv

or throwing out the amazon fire? >> i have chromcast. it is good enough. i do not know what apple is going to be able to add to apple tv make it so indispensable it becomes a major part of their product marketing. what is it that apple could do with apple tv to really make it fundamentally different from everything else that is a ready out there? mark: it really comes down to the content. right now apple does not have the content deals to fill their own service. it promotes competing services from what they wanted to do from sony playstation as well as directv if they can nail the content, they can own more of the experience. they like to integrate services -- software and hardware -- with the iphone. what if they did the same for tv and own the hardware software and the services. caroline: we have seen how much in termsows in

of content and netflix as well? mark: apple has hinted in the past and as recently as the past earnings call they are trying to get more original content. they will start new this year with more video content tailored to apple music. has not been a strong indication from the company to moving into original movies like amazon prime and netflix. those two companies are getting so much praise from the movie industry. one of them got an oscar nomination. it is becoming a big deal. will apple put down the cash to buy a movie studio, we will see. caroline: we heard from facebook that it, too, was pushing on video. they were looking to have a television app. from your viewpoint, where does the land lie when it comes to the competition and the way in which we are seeing companies react to the over-the-top -- thed: video is becoming content that everybody wants to watch from the standpoint of consumers, and every company wants to offer it. appealse of the primary

of snapchat. that will drive a lot of whatever enthusiasm there is around its ipo. at&tusly, time warner, buying time warner is a question of deal, but there is a trendy thing that everybody wants to have video. i am not quite sure it all makes sense from a financial point of view. there is such a glut of quality bilvideo content. excuse me, in the facebook sense, they simply have tons of business reasons of govind into video. because you can sell more expensive ads as part of video programming then you can sell against static content. that is also one of the reason video is not for everybody. it is a great repository for expensive advertising. caroline: mark, just briefly, fire tv.ost amazon ok -- is amazon

fine with this loss? be at theappens i'll end of 20:16 p.m. we only heard about it because he joined apple. -- in happened at the end of 2016. but the content story is really important for amazon. from the financials and business perspective, because apple has the margins. amazon doesn't. caroline: a great scoop. we thank you for coming on a discussing it. coming up, twitter is set to release quarterly earnings before the bell thursday. we'll dig into what wall street expects. this is bloomberg. ♪

>> alisa parenti. you are watching "bloomberg technology." the uk's lower house of parliament gave the government approval to begin the formal process of leaving the european union. the bill goes to the house of

lords with a final vote expected march 7. germany is abandoning its push to convince the g-20 to the poor a tighter monetary policy. -- to support a tighter monetary policy. germany policy initiatives hit a wall, even before it was resized by the white house. far -- presidential candidate in france marine le pen chief economic advisor met with the governor of the bank of france and laid out her parties plans to take control of the central bank. the bank has been a key target for her, as she outlined her plan to leave the euro turkey. president is expected to call for a referendum to approve changes in the constitution as week.as this those changes would constitute all executive power in the presidency and give them greater control over appointing judges. a former prime minister who holds dual somali u.s. citizenship was that -- declared the new somali president. he took the oath of office as the embattled nation moved

toward its first fully functioning central government in a quarter-century. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. parenti. this is bloomberg. it is just after 5:30 p.m. wednesday in new york, 6:30 a.m. in hong kong. i'm joined by rosalind chin. she has a look at the markets. good morning. it's a positive start to the trading day in new zealand. the index poll a little higher this morning. this is how the new zealand dollar is doing, paring losses. it started paring those lessons after the central bank came out and said it had adopted a very neutral stance as opposed to an easing stance. the central bank is keeping its interest rates as 1.75%.

elsewhere in the region, this is how japan and australia's features look. australia expecting new home prices. a key concern for the central bank, as home prices have been increasing steeply over the last few months. japan, orders and missing estimates. that's on the performance of u.s. units, but it also said businesses in japan are stable and losses are narrowing. i'm rosalind chin. more from "bloomberg technology," next. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. investors moving shares of twitter today. stock closed higher ahead of the

quarterly report out before the bell thursday. twitter continues to focus on its video efforts.this week, we learned ceo jack dorsey promoted harris comes to lead of all life video on a platform. what will wall street look for in the numbers? with us, our guest host, david kirkpatrick in new york. also bloomberg editor at large, cory johnson. we are not expecting very much in terms of monthly active users increase. cory: here's how the business works. you get more users and advertisers, more and more users, charge advertisers. there.the problem is both of those things are starting to hit escape. overgrowth has been weak the last year and a half. those numbers are pretty bad. they got a tiny bit better in the last quarter, but nothing to be thrilled about. they were able to hide that by having revenue per user increase. it is increasing at the slowest pace in the company has ever seen. i was just updating my models

getting ready for the earnings, tomorrow. it really is striking the slowdown and increasing ad rates. these to be able celebrities and say -- to advertise and say, look how effective the ads are. but advertisers are not paying more, at least at the same growing rate. advertising revenue is getting a little better, but it's only getting a little bit better. it used to be getting a lot better. at the problem. caroline: i've got a great show in terms of where we see revenue growth. chart, look how much revenue growth has shrunk. not just a 8.2%. meanwhile, share prices really left blister -- luck lester -- lackluster. even though jack dorsey is coming back.

the revenue per user has been under pressure. the advertisers are not paying for this. you think we will the any kind of uptick from the election that was in the previous quarter? >> there's a lot of curiosity about whether or not the incredible hullabaloo about twitter usage because of the president's obsession with it could be tracking more users to the platform. let's face it, it can be a bad thing when a company is so central to the public dialogue. it is a fundamentally neutral thing. it is getting mentioned every day in almost every story. it has got to be a positive for twitter in some respects. as corylem is explained, the fundamentals don't look really good. justnk a lot of people keep thinking that somehow all this attention focused on the company has got to benefit its business. i don't think it's out of the question.

bp ig analysts upgrading the stock on the back of that. we will be digging into that another paradox of twitter and it's loved by trump. a lesson learned that they do not use. scope nor fine as much as they could, but now they have accelerated. scope's finder to take over. cory: the management shuffles and twitter. i can imagine -- i can't imagine being in a place like that that was once seen as the next gr eat thing, but then people start to leave in droves, and there's chaos left. it has to be a tough place to work sometimes. it is central in the discussion of what's happening in the world because of the president. way i use the same it. there's no editor. you can get your information out quickly and a form you want to.

and stocks, lackluster performance. the problem is as is up 8% in the same timeframe. there is still a lot of optimism built into the stock price. this is still not a cheap stock. if you look at the performance cost, and has been effectively adjusted profitability. the business costs less to run the neighboring in the front door, even if it doesn't show up because of accounting rules. but that's probably going to change. they may actually see a gap profit. they have a lot of runway and a lot of cash. the problem is they don't have a lot of growth or momentum in the business. and yes, the sun is shining, but are they able to make hay when the sunshine? traditionally that has not been the case with twitter. caroline: much to be anticipated. from our editor at large cory

johnson, and david kirkpatrick. shares rose wednesday after be tig analysts upgraded the s, noting the impact of what he calls the twitter president. what are the numbers telling us after the election? trumps use of twitter is unprecedented for a world leader. his personal account has roughly 24 million followers. compare that is neighboring leaders. mexican president and we get you connected has 6 million. justin trudeau has less than 3 million. barack obama's personal account has four times as many followers as trump's, but have as many actual tweets. trump built his campaign about the -- around the idea of speaking frankly to people, and twitter provides the out -- ideal platform. he tweeted more than 230 times since inauguration day, often

directing the news flow in 140 characters or less from the day. sometimes it is to share his schedule. sometimes to discuss foreign affairs. and sometimes none of the above. but with all the added attention that the president has brought to twitter over the past few months, is the company attracting new users? not according to calm score. they reported the mobile app users actually fell more than 6% in november from the year before, and 5% again in december the 45 million users. for context, snapchat has 82 million in the same month and facebook has twice that. trump's spotlight on twitter has not helped, shares are flat on election day. and when he sure something particularly engaging to users, twitter is not rewarded with a bump in stock price. for example, in most popular tweets, with this one from sandy -- sunday, january 22.

it was liked by nearly 400,000 users, but when trading resumed the next day, shares closed nearly flat. pivotal research downgraded last month, citing muted growth among monthly adage cruisers -- average users. so if twitter is not benefiting, who is? perhaps democracy. wrote in analyst december, "twitter is the loan platform where people worldwide can have a voice to serve as checks and balances on the media." twitter still has a good chance to move onward and upward, but we may not see it in revenue just yet. now a story we are watching. contrast unveiled lens technology. the feature will let people access products from their

smartphones. you can pull up related content in the app. the company also announced features -- coming up, we will hear from the revolution chairman and cofounder of aol. his take on the tech environment under the president, and what our attention should really be on. h-1b gets all the attention, but it's the bigger companies that care more. at the core, we need to focus on the start of side of things, things like the start of these are more important than things like h-1b. ♪

caroline: an open critic of the trump administration, the aol cofounder has voiced disapproval of the ban.

he discussed some of the changes we need to see in the united states, regardless of any change in policy. >> one of the reasons president peopleon is a lot of feel left behind. they are not seeing the benefits of job creation. last year, 85% of the venture capital went to the states that clinton won. only 15% went to the states trump won. california long got 50%. the disruptive companies in places like silicon valley creating new technology to destroy jobs in the middle of the country, but we are not upsetting that by backing entrepreneurs and that on the countries of they can create companies and jobs in pennsylvania and ohio and michigan. that has to change. we need more capital flowing and entrepreneurs. everywhere has a shot at the american dream. was the aolat

cofounder. president trump's proposed immigration policy continues to make waves in the u.s. and abroad. our reporter joins us here with david kirkpatrick. tell us, why is this actually fantastic? >> if you think about it, tim big's job, and all the leaders of technologies, to hide the best people from around the world. if they can't get the people to come in here and work, they can -- they have to send them somewhere else. we have seen the h-1b process. these this take a long time. apple has had people sit in other places like japan waiting for visas. they work and do what they're supposed to do before they can get to cupertino and work here. if the u.s. government will stop

people from coming in, at some point they had to say, let's put more people overseas. one of those places will be china. up centerslready set there. they have them all over the world. for carefully plan -- plan when the staff can get into the u.s.. they will say, let's put them somewhere else. that's bad for the u.s., because other local places will learn from these people who have been hired by are employed by u.s. companies. they will learn from them and work alongside them. they can take the knowledge to other companies, and that would not be good for the u.s. caroline: david, are you hearing for the company as you spoke to and the leaders that they are microsoftf expanding canadian centers? are you expecting talent to remain abroad?

tim is expressing legitimate concerns about what could happen to the tech industry if these immigration attitudes continue to get more and more restrictive, because that's what it's all about. companies generally benefit from more open integration. in fact, there's an article how the entire economy's growth would be increased if we had more immigration broadly. integration and migration is generally believed to be an almost unmade -- unmitigated positive economic growth everywhere. we don't want growth to slow down in china and elsewhere. let's keep the doors open. i do think maybe readjustments of the h-1b visa program could be positive for the tech industry. we don't really know it's coming. think --so want to say, you have to credit steve

case. he has been championing tech development in the center of the company -- country and all over america for a long time, and he really believes in it. he's right, we have to get entrepreneurship and job creation happening across the united states, not just on the coast. caroline: i remember one brexit occurred, i was based in berlin. berlin started sailing -- sending trail blazers over to london. saying, come to berlin, build your entrepreneurial future. is the same pr going to have been in taipei? producers say it has already happened in singapore. >> many companies want the best skilled workers from around the world to work in their countries. they are relaxing the rules for foreigners to go work in taiwan. highly educated foreigners that can be founders are good the companies for

that were restricted before, they are easing that. we will see that happening around the world, even in europe. countries know they need to track the best talent and i will add to their economy and help them improve. any opportunity that will be a weakness for the u.s. is an opportunity for anywhere else. caroline: we are also watching mexico's relationship, as it falls with the u.s., may be filled by china. great to have you here. -- davidies kirkpatrick, thank you for joining us throughout the show. a developing story. paypal anti-monday -- money laundering program has received the peanuts -- subpoenas from justice.department of they are cooperating with the doj, providing information and responses. up, telecom giant softbank reports fourth-quarter results. we break down the numbers and

discuss the massive pledge of u.s. investment. this is bloomberg. ♪

caroline: not one, but two big tex stories coming out of asia. softbank reports latest quarterly results as it works to turn around a slum. meanwhile, china's central bank held closed-door meetings with several exchanges. is managingrom editor for asian technology at bloomberg. percival, let's kick off with softbank. there was some signs of a pickup with sprint, but is it enough? >> that is the question for investors. they had been concerned about sprint for years. the company has lost money for

many quarters in a row at this point. it is struggling to compete against t-mobile, not to mention at&t and verizon. those losses have been offset by a very stable and profitable japanese business. the wireless operations here and the internet business here have been quite strong. it is interesting. they had their press conference after the earnings. he wants to talk about things beyond the quarterly earnings. at this point, he was talking about 100 billion dollars to make investments. he's very focused on the future and what they will be able to do if they do close this fund. caroline: also, that fund is a way of perhaps willing the new president donald trump. any inclination as to why they would be able to cozy up to t-mobile u.s.? that's a question also on investors minds. at this point, sprint has become the smaller company, and

t-mobile is bigger. to combine theed two companies a few years ago. there has been speculation trump would be more permissive than the obama administration to let the deal happen. it's possible. sprint has become so much smaller that the balance of power is quite different than it was in the past. conference, he talked about the united states, trump, the aspirations to invest in the country. i remember he had his meeting trump and december. he has spoken quite a bit about what softbank wants to do in the u.s. caroline: let's switch gears. we are hearing a lot about the president. let's switch gears and look at bitcoin. this is a significant move we saw in terms of the price of bitcoin. bloomberg reporting that the exchanges of bitcoin were actually being brought in to meet with the central bank.

reporter: that's right. china has become very central to the bitcoin market at this point. it's the most active trading location, also most of the miners are in china this point. they are generating most of the new currency that comes out. the attractions for bitcoin are quite a few. avoid anyts you central authority in china. on howre restrictions much currency can bring out of the country. if you can put into big -- convert into bitcoin, it lets you get out of the country. there are concerns it is used for money laundering. our reporters broke this story that leaders of the bitcoin exchanges have been called in by the central bank in china. this happened yesterday. that fueled concerns there could be additional tightening on the bitcoin market in china, which dropped the price in bitcoin dramatically yesterday. caroline: it seemed to create a backup can we will see how it continues to unfold.

peter ahlstrom in tokyo. snap literally comes to mind in the case of the markets mistaken identity. snap interactive, 3164% since -- surging 164% since snap filed for ipo. that does it for this edition of "bloomberg technology." thursday, we are breaking down twitter. this is bloomberg. ♪

>> from our studios in new york city, this is "charlie rose." >> i'm filling in for charlie rose, who is away tonight and roger stone is a longtime advisor and brenda president trump. his new book is called "the making of the president 2016, how donald trump orchestrated a revolution." roger, welcome back. thank you've known the -- you. roger: