>> i am shery ahn with an update of the top stories. toshiba shares fell. is currently down a .5%. a provisional $4.4 billion loss means shareholder equity will drop to negative one billion dollars. toshiba may now sell a majority stake in the chip unit. it is buying fortress investment paying a $3.3 billion, 39% premium to the alternative asset managers last closing price.

a company operating independently within the company. chinese stocks in hong kong jumped the most in asia after record optimism about the strength of the economy. they account for seven of the 10 biggest movers. china's aggregate financing, the broadest measure of new credit climbing to a new record $545 billion last month, exceeding estimates. shery: h shares up 1.8% right now. global news, powered by more than 2600 journalists and analysts in more than 100 20 countries. you are watching bloomberg. let us get a check of the markets in afternoon trading, just getting underway. ♪ >> i am cory johnson and this is

bloomberg technology. the nasdaq, dow, and s&p 500, all hitting all-time highs, propelled by tech leader apple. paypal by the canadian cio. hear from paypal's coo. amazing. toshiba's falling star. why a $6 billion nuclear right down is just -- writedown is just the beginning of the problem. has beenoolittle watching it all day. what happened? >> great to have you here. it is pretty amazing. yet another day of simultaneous record highs for the dow, nasdaq, and s&p 500. apple putting in its first record high since 2015, right about two years ago. two record highs and a close. two record closes in a row.

behind this is continued bullish chatter about the iphone eight super cycle, the potential for that, but strong demand for the iphone 7, so a really big turnaround for the disappointment on the iphone 6s. out of the election, cap was a losing center. we take a look at -- this shows a lot of the technology shares out of the election. there is a lot going on. the main point, if we really take our time with this, the main point is in orange, that is , really hitting new highs, up 18% on the year. the other stocks are trading closer. this goes back to the election. as you recall, tech was week out of the election. cory: thinks were strong. shery: -- banks were strong.

those last few weeks. i have been through a few bubbles. andcom bubble looms large the big companies were world, siscom.d shery: investors are looking for -- looking investors are for $.56 investor on earnings. they beat eight of the last ones on interested earnings. security and software and they have done a pretty good job so far. tomorrow, we will see on this quarter, it looks like a pretty low bar, not a lot of big expectations for cisco. managing guidance. it is amazing to see tech leading the way once again.

abigail doolittle, thank you. live in sans been francisco. one of the nation's top -- withine hyde is currently goldman sachs managing director, heath terry. welcome from san francisco. you in new york today, and i am joined by heath terry. i want to get your take first of ,ll with not only goldman sachs but you have apple once again. i want to get your sense on grew andas an internet look on, are we in a bubble? is this back to 1999? heath: you look at where valuations are right now, and these are very different companies. amazon is generating billions of dollars and operating cash flow. many of the internet companies that are public right now are trading well below the

valuations you have seen historically for the internet sector as a whole. there are spots within the private internet space, where you have valuations that some of those same characteristics you have seen, but even that has really come off in a way that does not look anything like a bubble, certainly nothing like what we saw 1999. caroline: let us begin to some of the names you cover, not only the paypal's, the amazon's. we have seen this company, perhaps disappointing, the investment story is still very much there. is amazon investing in the right areas? heath: sure, i mean, i think if you look at two of the biggest trends we have the technology, the shift of retail dollars ,nline from traditional retail look at what that is doing to traditional retail, and then cloud computing, which is one of the biggest stories in technology right now. amazon is exposed to both of

those, so the investments they are making, the money they are spending on that, we think it is money well spent. if you look back historically, amazon generate one of the highest cash returns on cash invested of any company in the s&p, so when a company like that, with that kind of track record is investing money, that is a good thing. caroline: i hear you are the man to talk about ai with. how is this going to change everything? it seems as though it amazon has led the charge, particularly when it is coming into our homes. heath: sure. i think what amazon is doing, the investments they are making in ai, what google is doing, the investments they have made in ai, we are first pitch, first inning, in terms of where we are in this investment cycle that we are in, or this technology investing, but you know, as the next said, ai is electricity. it is going to make everything better, more productive, going to run through everything from

something like alexa, to the cars you are using, to the maps you use, to the way that risk is priced by credit card companies, the way that farmers are planting, factories are run, and ultimately, we think that that has the potential to kick off another wave of productivity, tech driven productivity, that we have not really seen in the last 15 years. caroline: any numbers as to how this could affect gdp? heath: we have estimated over half $1 trillion in impact to the economy from ai over the next 10 years. caroline: one last question, sadly, but i have got to get you on netflix, your views on that company that you analyze. this is an m&a target or a company that is standalone and will continue to grow, and what pace?e i think they see their

opportunity as being bigger as an independent and when you think about how incredibly disruptive they have been to all of media, for them to go and become part of a media company or part of a bigger technology platform, it feels like that is missing out on the payoff of this investment that they have been through. it is not like the company has not done incredibly well, but ,hen you think about the scale the global media coverage they built, the content environment they built, i do not think we have seen nearly the payoff on that yet that we will go -- that we are going to. caroline: what about regulatory risks? net neutrality and something that has been looked at, particularly the new head of the sec? heath: they went through that in pretty, pretty detailed ways o net to the title tw neutrality instrumentation that you solve your they struck deals with verizon, comcast, at&t,

whatat least addressed ultimately net neutrality is addressing for them. it meant slightly higher cost, but ultimatelys, it di not have enough of an impact on their financials to really matter to anyone. for netflix, the big cost is content. distribution is a much smaller piece. caroline: it has been great speaking to you. thank you so much for giving your time here at the goldman sachs event. back to new york. cory: caroline hyde. thanks to goldman sachs' heath terry. it was supposed to be the day the company explains how much trouble of nuclear business was in, and we have that and more, two hours after the expected time of the report. toshiba says they needed another month for regulators and for them to finalize their earnings. it dropped another provisional report, chock-full of surprises. it will take another $6 billion write-down of its nuclear units and stop building new nuclear

plans and may sell that business altogether. it may sell a majority stake in its memory chip business, once considered one of toshiba's few bright spots. here is toshiba's chairman, who is resigning. stick around, to hear from the man who made the payment at the loved by -- beloved by millennials. this is bloomberg. ♪

>> we are watching amazon web services unveiling amazon c hime. it will exist with competing products. 7% after then announcement of that new competition from amazon. we stay with amazon.

to its the ingredients secret sauce, specifically how much money it brings in through .rime membership it could be a big deal for investors trying to get clarity on this secretive company and its potential to create cash. shira ovide joins us today. it is really all the components of amazon's business which are a black box. they are reluctant to break down anything. shira: amazing how little we know actually about how amazon makes money, so what they disclosed over the last few days was 77 page annual report the revenue that they generate from subscriptions to the business, including things like prime. so we learned that they generated more than $6 billion last year from various subscription services, and if

you do some guesstimates, estimates, about the percentage of that that is from the $99 or fee for prime and the amount of people paying for prime, it seems that prime has to 70 million customers globally, which is interesting. that is a number we do not really know, though there have been estimates over the years. cory: that is just the membership, not how much they are spending. that is the other great mystery, which is that they go through all this trouble to get prime members and we expect, we analyze their business models, we expect they would spend more, but we don't really know. disclose a when they number finally, it just raises more questions than it answers, and you are right. we do not know the lifetime value of a prime shopper versus a nonprime shopper on amazon and we do not know how much those people cost amazon because two day shipping is not free. cory: we do know about shipping

losses. they give us shipping losses every quarter and with every earning report and annually, but we also don't know how long people say with the business, so it is hard to tell of that $4 oflion, $6 billion, 4% revenues, we do not know how many of those people are going to keep paying every year, although the marketing costs go down every year, but maybe the opposite. shira: the only people who know are inside of amazon and we are not going to get a glimpse of that. i do feel like amazon is not dumb. and amazon said this is one of the three pillars of our business. they would not be investing so much money in getting prime members if it was not beneficial to amazon in the long run. shipping costs has continued to go up. i believe it was 12%. cory: it has not got a lot worse. shira: creeping. cory: it might reflect rising

gas prices, but it does raise a question. if you have a amazon prime member that buys more stuff, then the shipping losses might get greater even as the top line gets better. they were taught you about cash conversion rates. it is not a business designed to make profit, but designed to create cash. it is certainly doing that. shira: that is the one thing amazon is very good at, they have tiny profit margins, but they are quite good at converting. cory: and the tv shows are good. shira: and getting better. i was a big fan of -- now i am going to blink on it -- cory: i'm watching "man of the high castle." check it out. thanks very much. coming up, we will measure the outlook for block chain services under the trump presidency, next. this is bloomberg. ♪

cory: batch of the goldman sachs technology conference. block chain, big. san francisco bay-based company uses but change is that all financial transactions between the world's biggest banks. caroline hyde is there some a standing with a guy named brad gerlinghouse. caroline: here is a man you know well. brad, we are hearing about potentially the fact that all of this, when you're looking at block chain, is potentially in height mode. when does it become part of everyday lexicon. >> it is not as early a solution

for everything, but there are examples where it is a perfect solution for payments where you have two people trying to settle a transaction without the risk of a central counterparty. ripple has been fortunate. we have 10 production accounts and we announce the third largest bank in india last month as well as the largest bank in the middle east going into production. caroline: what about international expansion? what about being adopted en masse? will you not be able to get into all? brad: we work with 90 banks worldwide and we have announced 10 of those production contracts and there is 8000 swift and able banks around the world. we are clearly solving a real problem around cross-border payments. it is amazing how much for chin and how much time it takes with your own money. i make the joke and even on your

send it is easier to $10,000 by taking a with you on a plane, then to send it through the banking system -- taking it with you on a plane than to send it through the banking system. they need to be able to compete on a level playing field. caroline: interesting your talking about competing with ted giants. i want to understand how this landscape works in your mind. competitor?r key way i have seen payments. how does it all work for you? as solving ait great problem that the banks should be solving, so it is a potential partner customer of ours. when we look at the payments that from a lot of things are happening at the top level of the application layer of that fact, but the infrastructure is the same. even cool, innovative things that apple pay is just a

different way to swipe your card , and everything underneath the wave of the phone is the existing of structure. we really want to innovation and that is what we are focused on. what is caroline: stopping banks, what is holding them back? have been really areunate because i think we solving a clear are solving a clear use case. we are getting a lot of adoption and activity and it takes time. things have a lot of other i.t. projects that go on internally, but you know, we have been fortunate that we are not seeing banks that are not interested in that. we are seeing banks saying that we are very interested in that. let us look at q3 or q4. caroline: people are buying you up as having offers? more blockchain has become hyped, frankly. we get more and more interest and attention, but right now, we are focused on the customer, and ande can deliver on that sold more problems, we will be

in a good place regardless of how we choose to see the future unfold. caroline: i know you do not deploy bitcoin, one type of crypto currency, is that overhyped? brad: one, we are almost the opposite end of some of the bitcoin community. they have said, down with banks and governments and fiat currency. we take of you that banks are going to be at the heart of this internet of value, where value can move the way information moves today. we think governments are not going away, and fiat currency, while there is digital assets, we do not think that is the end all, be all. has been of bitcoin really volatile, and of course, where there is volatility, banks do not love that. the only people who like that is speculators and traders. we have to solve the institutional case. rp.work with x caroline: let us move into your

history and past. the peanut butter manifesto that came out a decade ago about your previous employer, yahoo!, that it potentially spread itself to thinly. what was this company? brad: it is amazing to me it has been 10 years. i think, what i felt like 10 aars ago, and very much was passionate yahoo! employee, i loved my experience, i felt like it was spreading itself thin and wet will re--- what were trying to be best that? what is the primary problem you are trying to solve for your customers? they were ok or kind of good at a lot of those, but not great at any of them, and then google comes and and steal search and other companies come in and you'll mail and media -- and

and media. yahoo! should have been more concentrated at what they wanted to be great app. caroline: and then another company comes in and steals yahoo!. do you think they will be able to get value from what does the consumer base was? brad: it has been a rough ride for the yahoo! team. some security breaches has caused turbulence there, but there is great synergy inputting yahoo! and aol together, something armstrong has been excited about for a long time and there is real value to being created -- to be created there. on.line: great to have you thank you so much. a great conversation. brad garlinghouse. cory: thank you very much, caroline hyde and brad garlinghouse. we will hear from the man who helped to sell. that is next. daniel will resign

in the spring. you can catch that exclusive conversation on bloomberg a.m.reak americas" at 8:00 eastern. this is bloomberg. ♪

shery: i am shery ahn with an update of the top stories. breaking news out of toshiba. its main banks are said to pledge continuous financial support. toshiba is said to request an extension of loans to the end of march. we are seeing its stock declining more than 9% pure dream of a, toshiba had a write-down of more than $6 billion. it is selling a majority stake in its chip business. it is also said to be just halting their nuclear power business. inle is said to be discussions with china's boe technology group to supply next-generation displays for future iphones. the tech giant has been testing

the chinese company's screens for months, but is deciding whether to make an order. if selected, it will become apple's first known supplier of screens outside of south korea or japan. chinese authorities have been told to begin reviewing the $43 billion deal. the goal is to give the green light by the end of june. final approval is not guaranteed, but sources tell bloomberg chances are high. the chinese commerce ministry has only blocked two deals in the past eight years. tesco has filed for its first toshiba hasnce -- filed for its first bond deal. a tentative sale manager includes nomura.

it launched 104 satellites aboard a single rocket. the polar satellite launch vehicle is blasted off in southeast india, carrying nano -satellites. india is hoping to cement its position as a dominant destination for low-cost launches. than 2600 more journalists and analysts in more than 120 countries, you are watching bloomberg. let us get a check of the markets in the asia-pacific today. here is sophie kamaruddin. drivers in main today's rally in asia, banks helping the asx 200 close above the 5800 level and on the hang h shares rallying the most, accounting for seven of the 10 biggest movers. banks helping the shanghai comp up. in japan, shares adding over 1% as the yen falls for a third day against the dollar

even as toshiba shares tank given the news around the company and japanese shares having a good day. we are live from london at the top of the hour. ♪ cory: this is bloomberg technology. i am cory johnson. let us go to the internet conference in san francisco. paypal announcing plans to acquire another network. caroline is with paypal ceo bill has turned it into a millennial favorite, with a stunning 17.6 billion. caroline: indeed. the new acquisition, bill, talk to us about it. how does this build out paypal? t.o. is a built-in

provider for the underserved and r ofas been a democratize money. and we want to prioritize that. the underserved is a big part of how we think about bringing folks into the democratization. we think of bill pay as a could critical service to those folks. we think about a population of nearly more than one third of the u.s. population, 2 billion plus people around the world underserved by traditional financial products. pathway we can get a not only into financial inclusion, but also into the digital economy and we think about tio. caroline: so are you thinking about bringing consumers from tio on to other paypal products? you can walko,

into a store with cash and make bill payment from one of their 10,000 plus pillars and get 65,000 locations around the u.s.. we have similar projects with paypal, paypal cash that we announced a few months ago, where you can walk into a 7-eleven, load money onto your paypal account and even though you may not have had a bank account or card, all of a sudden, you have money in the paypal account and you are part of the digital economy. you may not have been able to make e-commerce purchases before, but now you can with paypal part of the digital economy. this acquisition we think serves a customer segment that we can get access to a broader set of digital products as well. caroline: it screams to me of underserved things in the market. how does this fit into paypal? bill: we are in nearly 200 markets around the world, and a few hundred million consumers around the world, and 2 billion plus consumers are considered underserved worldwide, so we think about ways we

conservatives folks and bring them into the digital economy, give them access to financial inclusion. what we acquired 18 month or so ago, it has international remittances. one of the thing it provides is that we think of this as a great -- it is access to the underserved worldwide. braintreeyou brought into the larger hub. what is the mindset of paypal about acquisitions at the moment? you talk about the underserved, it is only that area you want to make acquisitions? warehouse could you be building -- where else could he be building up? bill: mobile. that is part of braintree coming in. we think there is a huge move to consumers moving to mobilize

their primary computing devices. those are areas that are really interesting where we have led the way and continue to push. we think about financial inclusion for both consumers and merchants. it it interesting to us. we have had a number of great acquisitions, and we have also looked to go build organically in great ways. we did 11 plus strategic partnerships, just in the course of this last year, and that included not only visa and mastercard and traditional banks, where we are partnering to bring services there, but folks like facebook, where we are a key payment provider inside of facebook and google, with google play, and a number of other technology partners. we have the technology, innovative mindset. we want to go really, really forward on financial inclusion and partnering with the broader ecosystem to drive those things forward. caroline: that was quite a change of tack when you got into

bed with them. how is that coming to fruition? many feel that paypal was leading the charge years ago, and it dropped the ball and let other companies get ahead of it. visa card. does that help win back some of that? bill: i think paypal has always been by every objective measure, one of the most successful companies over the last 20 years. in partnership with fisa and mastercard really is a demonstration of how our interests are aligned with the rest of the ecosystem. we have always really push for the digitization of cash and brought a lot of volume two players like visa and mastercard and issuing banks and those types of players, and historically, there were places that maybe were not working so closely on those things, but broadly, we have always had a common interest as fighting cash as a common enemy and bringing people into the digital world and we have led the way on that

and partnering with those like visa and mastercard let us do even more of that. caroline: talk about braintree and the competition. how do you stack up against the competition when it comes to ensuring your service in the most fast-growing mobile page order companies? bill: both braintree and the other company, 67 years ago -- six to seven years ago, have grown beyond our wildest expectations with a huge portion of the best next gen commerce companies in the world running uber.aintree like the other company, you know, has exceeded just about every sort of financial payment app you can think about their and most commerce apps. they both continue to grow wildly and we have lots more in store for those as well. it would help me so

much. it is wonderful. thank you so much. coo of paypal. he brought up dropbox. we will be speaking to dropbox in a moment. cory: paypal ready, of course. speaking of paypal, we will levchin.h max you also bring your attention to an interactive tv function. type in bloomberg tv on the bloomberg. see our lineup and dig into the company's, the functions that we talk about and become part of the conversation by sending us instant messages during the show. it is only for bloomberg subscribers. check it out, tv . this is bloomberg. ♪

cory: microsoft has a new plan to fight state sponsored cyber hacking. it things we need to talk about them publicly. brad smith wants to see individual technology companies provide more security for customers through microsoft is fighting the u.s. justice department over customer data in two separate cases. we will ask general keith alexander on tomorrow's bloomberg technology. taking a back to the goldman sachs technology conference. caroline hyde standing by with the so-called paypal mafia, max levchin. aroline: i was just reading piece where you were quoted saying that you live in the land of giants. you are at the moment but a at thewhen you look

likes of goldman sachs. how does a firm which you have firm,ed on your shirt -- af what you have branded on your shirt, grow? >> the road is shaping up nicely, but we are not particularly focused on measuring ourselves up to anyone -- any one particular giant. we are more focused on creating value for our customers, partners, and i think the big simtech has been a wrong one where many companies say, everyone is a bunch of idiots and we are not going to be anything like you guys. that is wrong. isrican financial systems the single best one in the world and being a member of the club is an essential part of our plan and anyone who wants to be around for the long term, so i do not think i need to jump into being a giant, but i want to

grow my way into the club. caroline: talk to us about the growth. the moment it is retail profit, what can you be looking to next? max: we are focused on our consumer credit's view of the world. we are excited about bringing out a bunch of new, interesting flavors of our products fairly soon, but we have a couple of completely brand-new things we are working on. i have to keep them for the think, i secret, but i think delivering value directly to the customer is something we are very excited about, so at some point, we will create things that it directly to our customers. caroline: you say the u.s. is missing the best economy in terms of banking, but what about the regulations? we are looking at the regulatory environment becoming easier, quarter unquote, for some of the banks. the dodd frank act has changed.

depends on the outcome of the changes, so much of the rhetoric around regulations is notg innovation untrue. in other words, i agree that loosening some of the really tight grips we have put on the industry right after the 2008 crisis, you know, it has been a while. i think we can be a little bit example, about, for rules around mending, but a fair amount put into dodd-frank is as true as it was then. stirring it all out wholesale is a mistake. regulation is important, necessary, and markets do not avoid correct themselves quickly enough despite being a premarket capitalist, i happen to believe in regulation, so it is important to engage with the

regulators as they reshape the rules right now. caroline: is it important to engage with the new administration is all? max: i think so -- decision as well. max: i think so. theink sticking her head in sand and saying i do not like what happens in washington anymore is foolish. as business leaders, as citizens, we have a responsibility to be part of the conversation, not run away from it. you can be the loyal opposition and state, "i disagree with this," but staying quiet or running away is not an option. caroline: as you see, do you feel that the relationship between the white house and silicon valley is becoming better, more open, which are at colleagues like elon musk and peter thiel, who sat by at times with donald trump? would you feel like with the backlash of the travel ban, walls are going back up? max: you know, the honest answer is that i think today's --

the scale on which we measure the outcomes i think has to be measured in quarters of not years, so it is too early to tell. the president has not been shy about executing on his plans and creating controversies, so people react to that, but they will be judged a long-term impact of their rules and that will play itself out in time. caroline: we hope you are not shy of educating your plans when it comes to it. thank you very much, max levchin, as ever. many other things go on in his work. cory: thank you very much. reorganizing the online unit after cutting ties with youtube somecutie pie, due to content --c anti-semitic content.

he made about $15 million a year himself as youtube highest-paid star. on wednesday, bloomberg's david west will interview daniel tarullo, the goto man on enforcing banking regulations. you can catch that exclusive conversation at bloomberg " daybreak america" at 8:00 a.m. washington time. we will hear from the company's ceo next. this is bloomberg. ♪

cory: the russian state-run company with more than 300 servers of russian-made microchips to the interior industry. it is a loss for ibm. the shipments were placed -- replace equipment made by ibm and other foreign inventors.

they were dropping microsoft for domestic made software after president vladimir putin called russian authorities to reduce their dependence on foreign technology. largest shareholder stand behind the security company and plans to buy more shares according to any email, which does not think it is time, according to the president, to pursue a sale. tookeo took me less -- over only last june. the rising threat of cyber attack on what it means to the company earlier at the goldman sachs tech conference. >> one of the things we did in the air force is we said, if an airbase got compromise, the one star general's challenge, so they escalated the responsibility of if there is a security breach, you are the one accountable hearing what happens when you make the head of an agency accountable for cybersecurity is it takes --

is it gets taken seriously. if there is a problem, if there is something that goes wrong, it is you that is held accountable. that will make a difference. >> what about the spending on cybersecurity? it seems to have lacked the thread on the rise. there is a lot of deterrents in cyberspace, but outside cyberspace, so when you look at the spending to deter cyberattacks, it is a pretty broad swath of things. looking athen we are where these attacks and threats are originating from, it is interesting today, the news, michael flynn resigning from the national security advisor. it looks as though, perhaps, the desire to come closer to putin will therefore become slightly less within the white house. is that a good thing or bad thing from your point of view? >> i'm not really sure. i have observed what russia does in cyberspace. they do cyber operations like most modern nations do, and i do

not think that will change whether you have a republican or democrat in the house. there will always be cyber operations by modern nations. it is the second oldest profession is espionage. caroline: are they growing in ferocity, and pace? >> i saw it grow a little bit. responding tod breaches in russia when i was out of the military, so i have seen this for several decades. something changed in 2014 which is, for the first time in my career, we responded to breaches that we attributed to the russian government. they knew we were responding to a breach. we felt it was the russian government, and they let us of their what they were doing. kevin: the fact that they did not go away, they're targeting got louder. i think that is part of the wentn their friend forensics down is they got broader and wider than we were

used to. the rules of engagement change over time. caroline: i'm going to the administration. the assistant in terms of handling counterterrorism, is he the right man? he certainly has experience in cyber security. kevin: i have only spoken to tom one time so far. the people, i know the people he knows. he is talking to the right people so there is plenty of folks who have been in cybersecurity for 15 to 25 years that stay on the front lines with what the adversaries are doing and tom has all these people at his fingertips. caroline: how does a company like fireeye capitalize on the sudden surge of whether it is just media perception of a tax or indeed the real nature of more and more attacks? kevin: one of the things we always wanted to do is respond to every breach that matters. that is how you learn what they are doing and also you can see firsthand how is our technology being abated and how are we being circumvented?

that is a strategic thing press. every time you see the threat rise, you see the attacks rise. you see fireeye more involved to figure out happened, what to do about it. when the threat of eight, you want the same knowledge -- want the same you knowledge. in south korea, you have north korea doing attacks. middle east right now is just a hot zone of cyber activity. cory: that was kevin mandia speaking with caroline hyde that does it for this edition of "bloomberg technology." cot year, we talked to gary hen. atn us for bloomberg markets 2:15 new york time tomorrow. all the episodes of bloomberg technology are streaming on twitter. check us out. 2:00 on the west coast. that is it for now. this is bloomberg. ♪

anna: hikes ahead. janet yellen warns its unwise to wait too long. manus: global gains for u.s. benchmarks. stock indices closed at all-time highs and asian equities charge higher. anna: lawmakers call for a closer look at the trump administration over reports of repeated contact with russia before the election. ♪ anna: a warm welcome to "bloomberg day