britain's parliament and westminster bridge. four people dead and more than 20 wounded, including police officers. the lease leave one man was behind the attack. he was shot and killed after allegedly stabbing an officer. the white house says president trump offered condolences today on a call with u.k. prime minister theresa may. secretary of state rex tillerson also condemned the attacks alling them "horrific." he spoke in washington, where officials from 68 nations are gathered for a summit on terrorism. president hollande says his government is looking into potential french victims. scotland's parliament canceled a planned debate over brexit. a spokesman for germany's angela merkel quotes the chancellor as saying "our thoughts are with our british friends or coat british friends." the attacks come one year after the deadly bomb attacks on the brussels airport and subway him

which left 32 people dead. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ >> i'm caroline hyde. this is "bloomberg technology." shares neardobe record highs as the software giant's beats rivals in the cloud. santander narayanan tells us what he is still worried about. google's android is serious about fighting hackers. we will see how the company has beefed up -- company's beefed up security efforts fared last year. and an ambitious expansion plan.

the challenges it may be up against explained. first, it was a tragic wednesday for london after the u.k. capital, my hometown, suffered its worst terror attack in more than a decade. we will bring you any breaking news throughout the hour. now let's focus on the markets if we can. after the worst selloff in months, stocks are mixed in the session, but the nasdaq was the standout. doolittleg in abigail in new york. take us through the session today. why was the nasdaq an outperform her? -- outperformer? suggests -- that suggests investors are consolidating, digesting yesterday's selloff. the dow did finish down for its in a row, the longest such losing streak since the middle of january. it appeared to be a bit of a pause. investors are looking for cues

as to what -- as to what could be next. the terror attack did not seem to have a major effect on the averages. we did see a little more reaction for the small-cap russell 2000, a growthier index index.th-year it took a big leg down around when the multiple litan police -- metropolitan police classified this as a terror incident. the russell 2000 was down about of 1%.10 of 1% -- 8/10 as for why the nasdaq finished in the green, it came down to technology, being powered by apple, microsoft, and facebook. these are high data stocks. often they will swing in more extreme fashion up and down. it looks like a little bit of a

relief rally for some of those big tech names. caroline: it always comes back to apple. they are up more than one percentage point. give us the biggest take away -- takeaway. abigail: apple has been a blessing in disguise for both of these indices. apple this year is up 22%. the s&p 500 is up only 5%. in orange, we have the s&p 500. in white, we have apple. it's the biggest member weighting. dragging on this is the financial sector. since the fed last week, the financial sector is down 5%. if apple was not holding ground, you would probably see the s&p 500 down more. bullish investors have to hope that apple can hold ground. apple's strength is going beyond the s&p 500. we have a number of the chip stocks up in a big way,

including broadcom and cirrus logic. skywork is one of the top stocks for the s&p 500. it's going to be very important for bullish investors to hope that it will last. technicals are a little bit overbought. time will tell. caroline: great analysis, as ever. abigail doolittle. another stock we are watching, shares of snap gained more than then wednesday's trading, biggest increase since the initial week of its initial public offering. they recommended buying the stock. with james on monday after his buy rating was announced. with analysts cautioning against its nascent business model and competitive threats.

now to accompany out with earnings today, revenue jumped more than 40%, but operating costs are also surging. iny face rising competition the mobile gaming market. the shenzhen-based company -- tencent is adding more space to brands on its wechat messaging service. joining me is selina wang. it seems to be investment is where they are really scratching the cash. selina: they just barely missed on earnings and revenue. the cost of revenue jumped 64% from the year before. investors are ok to take a hit on the profit margins at this point because they are seeing a lot of growth in other revenue streams. they are not just relying on mobile gaming. they have been expanding into cloud computing and mobile payments, into a lot of new content and the video business

as well. caroline: when you look at a profit up 44 -- 47%, most would dive at that sort of number, not be too upset by it. give us a sense of video and cloud. call,: on the earnings management reiterated over and over again why video is just so important. there are pretty significant losses in that business, but tencent, like baidu and alibaba, are funneling billions of dollars not only to acquire content, but to make content. video is such an important way to get -- make advertising dollars, get subscription dollars, and hone people into their ecosystem. good content is what drives users. like amazon, they know that content will drive more people to their platform. caroline: i'm fascinated by the new mini programs. this has to do with an app in the wechat platform.

how much is this catching on? how much is it a threat potentially to some of the app stores? selina: the rollout got a lot of attention. it seems to be a threat to the apple app store in china. they did not give a ton of metrics.n the they did say the purpose is not to monetize, but to make it easier for users. they used a bike sharing program as an example. you can scan a qr code. this type of ecosystem building has created more downloads then -- than in the app store and with the mini-app, because there is a high barrier of entry to get somebody to download something. they can access something , ifout leaving wechat, and, they really like it they will down -- and if they really like it, they will download, too. caroline: why would they divest

of the e-book business? selina: tencent is such a behemoth. kindleery much like the part of amazon. they sell electronic books. this is a really enormous business in china. the number of paying subscribers more than doubled over the past year to 2.5 million paying subscribers. they see this as a significant business that could grow even more as a separate part of the company. it could bring shareholder value. in 2014, sources told bloomberg it was valued at about $2 billion. when it does go public, it will be very closely watched, especially since another ipo that was a little iffy. caroline: a few have been a little iffy or rocky in the first few months of trading. bloomberg technology reporter selina wang. baidu stock taking a slight hit today.

bloomberg technology spoke with him in may of 2016 and asked him about the biggest challenges facing ai. >> one of the things we are trying to think through is how to take our ai capabilities and offer it to other companies. one of the challenges of ai is there are so many verticals. it often takes skilled ai people, together with skilled -- they come together and work together. caroline: ng headed four of baidu's research labs. his departure comes at a critical point for the company, which has been using ai to revive its key business unit. coming up, the man heading the security charge for google's android and the message he is taking to keep hackers --

methods he is taking to keep hackers from your phones. loombergtechtv. this is bloomberg. ♪

caroline: the world's biggest operating system has announced the next generation of its mobile software, known for now as android oh. it is currently unfinished and only available as a development preview. it aims to give developers a leg up before it is officially released later this year. it will help conserve battery life and customization of the

lock screen to allow quick access to features. google is out with its annual android security year in review. the report looks back at 2016 and steps the company has taken to keep android users and their data safe. among the highlights, updates were delivered to 735 million devices. adrian ludwig joins me now with more. it's fascinating to pour through these things. how did you detect more of these harmful apps? what research have you deployed? adrian: we realized it was important to us to have visibility into devices out in the world and being used by people in real-time. in order to provide that birdseye view, we began to run security checks on those devices. we run about 700 million security checks per day across the ecosystem. caroline: phenomenal numbers.

what do i do to avoid some of these more potentially harmful apps? adrian: the simplest thing you can do is be conscious of where you're getting your applications. users that download applications from google play are much safer, almost a full order of magnitude. it's almost 10 times less likely to install a harmful application than if they were getting it from another place or another store. caroline: you work with many device manufacturers. have you got a bird's eye perspective on where geographically or regionally some of the weakness prone ones are coming from? are you taking more control from these various carriers? adrian: it's hundreds of carriers. it's an incredibly diverse ecosystem. country by country, it's often in the dozens. there are some areas in the world that are more of two -- more at risk.

we see that sort of distribution. north america tends to be one of the safer places, as does europe and some of -- some countries like japan in asia. caroline: emerging markets, really. it's definitely an area we need to provide more investment across the ecosystem, providing protection for people who have not in the past been able to afford those protections. android is about providing technology. we are making sure it is safe access as well. caroline: we were talking about the update to the android operating system, still in development. will that have a keen focus on security? adrian: absolutely. there are a number of important security features in the new android, as there have been in the last several releases. one of the most important features that has received a lot of attention is encryption. we saw encryption rise almost android 7.0 users, the release that went out last year. 100 million users have

encryption turned on by default, including in areas that previously have not had access to that kind of prediction -- protection. caroline: we are speaking on i day whe -- on a day where there has been another terror attack. we've seen the world of technology and cybersecurity collide in some ways. -- where dowhere you see your role in cybersecurity and the terrorist threat when it comes to encryption? seen that've technology enables people to become closer together, communicate more effectively, and understand what's going on in the world, especially on a day like today, where we are very concerned about what we've seen and we are still finding out the information. that ability to share information is absolutely critical. caroline: what about when we see, perhaps, the leaks that we got from wikileaks, about what the government in the united

states is able to do in terms of monitoring -- it is terrorist threats, but still wanting to be able to access our own devices, but not break the encryption. where do you feel that tension lies? is it is something -- is it something you're having to respond to? adrian: we have looked at those cases and we will continue to investigate to try to find out what we can know and how to improve those protections. we take it very seriously, making sure every user of android devices gets those protections. caroline: planes, air travel, not allowing laptops or products, whether it be tablets -- how is that something you have to work with, whether they can be made into explosive devices? one of the things i'm most proud of in the android security report is that our goal information available about what real threats are and

where those threats originate. you're pouring to a perfect -- you are pointing to a perfect example. we don't know exactly what the concerns are there. the more information that can be made available, the better security decisions we can make. thank you very much indeed. it's been great having your opinion. adrian ludwig. capitalists have been showing their love for the u.k. amid this tragic day. --firms about 2.5nvested times more than was invested in france. the report mitigates concerns that brexit is hurting british startups fund-raising efforts.

coming up, airbnb has seen growth in china, but it's a look to pick up the pace -- it is looking to pick up the pace in the next few years we will discuss how big the payoff could be. this is bloomberg. ♪

--oline: at&t has stopped at&t says it is deeply concerned ds mayt's ads -- its a have appeared alongside youtube content advertising terrorism and hate. there were reports that some ads work running with -- were running with videos that supported terrorism or anti-semitism. airbnb is doubling its investment in china, increasing its workforce, and adopting a new name. will all of this effort pay off?

let's bring in brad stone, senior executive editor at bloomberg technology. tell us what it means. you have this fabulous book, "the upstarts." you know airbnb inside out. this focus on china -- how important could it be in terms of driving growth? it's a massive market. i think you have a couple hundred million millennials alone. it's one of the largest tourism markets in the world. the opportunity there is large, even if they are not the largest player, and it doesn't look like they are going to be. there is a local player, as there always is in china. a big travel agency has invested in them. homeaway has invested in them. over 400 million listings. -- it in china maybe has is over 400,000 listings, and airbnb is at 80,000.

they have a lot of work cut out for them. was the ceo welcomed with love when he spoke in shanghai? brad: he was in india recently, appeared with prime minister modi. they've invested a lot in japan. i think he is welcomed as a pioneer, which he is. what he's bringing out to these parts of asia is something called the "trips platform." airbnb wants to give travelers things to do, experiences. when you go to shanghai, go to the traditional folk opera. go see the figurines. that is powerful and an innovative idea, that you can give people often it things to do when they travel -- give people authentic things to do when they travel. sequoia, an investor in airbnb, has a chinese arm. they said they would help airbnb moving to china, and they would

help with the search for a ceo for airbnb in china. that still hasn't happened. it feels like this has been a long time coming. brad: this is the road that every u.s. internet company must travel in china. we saw uber do the same thing and then retreat from china last year. there is a home-field advantage in china. people prefer the local player. the local player tends to integrate more with tools from alibaba. airbnb has rolled out its own integrations, but clearly they have a bit of an uphill fight. they can be a second or even a third tier player and still succeed. in india where they are strong, it is still 1% of their overall business. these are all economies that are evolving. there will be more travel to and from these companies. i think airbnb is positioning itself for the future, even if they have started somewhat slow. caroline: thank you very much.

bloomberg technology's brad stone. a story we are watching for you, instagram is expanding into booking and reservations. the photo sharing application will allow you to set up appointments with the likes of -- by clicking the button within the business's instagram profile. it will give advertisers a direct way to measure the power of the app and could pose a challenge to other companies like yelp. still to come, adobe shares near a record high as the software giant unveils its latest cloud offerings in las vegas. ceo shantanu narayen gives us an idea of what's next. this is bloomberg. ♪

alisa: i'm alisa parenti. you are watching "bloomberg technology." british prime minister theresa may called the terror attacks today, quote, "sick and depraved."

four people died and 20 others were wounded. police say the lone attacker was killed after he stabbed an officer. prime minister may says for now the terror threat remains the same and parliament will open as usual tomorrow. london's metropolitan police said to expect additional armed officers across the city. nunes, chairevin of the house intelligence committee, says president trump's communications may have been monitored during the transition as part of an incidental collection. >> i have seen intelligence reports that clearly show that the president-elect and his team leasti guess, at monitored and disseminated out in intelligence. alisa: president trump responded to the announcement that some communications may have been picked up during government surveillance. president trump: i very much appreciated the fact that they

found what they found. news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. already 8:30 thursday morning in sydney. i'm joined by bloomberg's paul allen with a look at the markets. good morning to you. is 10:30 in new zealand, so trading has been underway there for about 30 minutes now. the index is currently off about 1/10 of 1%. the new zealand dollar is heading -- holding steady at $.70 u.s. they held the cash rate at a record low, 1.75%, as all 16 economists surveyed predicted. they expect inflation to return to target over the medium-term. the nikkei futures are a little weaker this morning. a sx futures are -- asx futures

are about 1/3 of 1% higher. keep an eye on $.10 -- tencent. they are planning to spin off their e-book services. trial is lee's resuming in seoul. shanginese premier, leaky isthe chinese pamir,remier visiting australia today. more from "bloomberg technology" next. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. we've been covering the terror attacks in london all day on

bloomberg television and radio. u.k. prime minister may said the parliament will meet as usual tomorrow. the deadly attack occurred just outside the houses of parliament in westminster. we will bring you any breaking news throughout the hour. now back to the markets. adobe shares hovered near a record high last week. this after the company posted strong first-quarter results and boosted guidance for the current period. the move from licensing to subsection based sales. this week, they are unveiling -- we spoke to see ocean tender narayan about the new offering and how -- ceo santana narayan about the new offering -- shantanu narayen. usingnu: it's about data and intelligence to deliver to the right person at the right time.

artificial intelligence, for us, is actually about harnessing the -- we havewe already always delivered in our products. when people use photoshop or illustrator, you always say "how do you do that?" it's about taking all the incredible knowledge we have about documents and content and predictions, as we've done in the marketing space, and delivering that, not just to customers, but also to developers who can then build on .hat caroline: i wonder whether we could see more partnerships. salesforce and ibm have teamed up over ai. would you consider a partnership with ai or other parts of the business? selina: -- shantanu: the partnership with salesforce is a very important one for us. -- with microsoft is a very important one for us.

they standardized on the adobe clouds for their marketing and delivery needs to make sure these products work together. our ai framework is an open framework. our ability to work with multiple ai providers to ensure the best value for our customers is absolutely something we would continue to focus on. caroline: in this new era of digital age, looking at machine learning, looking at video really dominating when it comes to digital advertising and marketing, how are you seeing your role within video, in particular with the new formats we are seeing, driven by snapchat, for example? beenanu: video has always a tremendous growth opportunity for us. i don't think there is another company that has as much end-to-end offering in video. hollywood uses premier pro to do all of their editing. we have two other products. prime time allows people to deliver content digitally. if people are watching bloomberg

on a device, chances are there is some piece of adobe software used to do that. we recently acquired a company that does video advertising. the holy grail is to deliver the right piece of video content and to monetize it for the publishers. i think adobe is in a unique position to help with video. seeing moree you demand from customers to be able to put it into the snapchat format? how important an outlet do you think it will become for your marketers, as in the same way that facebook and youtube have already become? caroline: enabling -- shantanu: enabling our marketers to experiment with all the different channels that exist out there, as you mentioned, whether it's facebook, google, snapchat, and ensuring that people understand how it's being perceived by the customers and what the best return of investment is, that is another really comes into being. we also have what we call the analytics cloud. in real, you can optimize all of

this. we certainly are getting a lot of our marketers who want to explore how different channels deliver different results. caroline: you mentioned to mobile -- q mobile. talk to me a little bit more about m&a. i was speaking to marc benioff yesterday. he thinks the window for m&a might be closing. would you agree? shantanu: we continue to look at m&a. our lens on m&a tends to be do they have great technology, do they have great people, and is the culture aligned with us. if you look at our track record, we are constantly looking for innovative companies. i think there is more innovation that is happening, particularly in digital marketing, where we are the leaders. there have been so many companies that have been formed, a lot of which are not sustainable businesses. we will continue to look at it, but with that lens of making sure there is great technology, like was the case with q mob ile, and great people. caroline: there are companies

managing to be born. is a geographically in silicon valley? shantanu: silicon valley continues to reinvent itself and do a fantastic job. as we know, access to capital and talent is phenomenal in the valley. i would say new york has also been a hub, especially as advertising has been big in new york. we've made a couple of really great acquisitions, both on the digital media side for the creative business as well as on the digital marketing side in new york. tier point, it's happening everywhere. we bought a couple of companies point, it'sto your happening everywhere. we bought a couple of companies in basel and london. it's happening all over the world. caroline: you mentioned it has to be a great group of people come a great talent. are you in any way concerned about the talent in the united states, particularly as we start to see the travel ban affecting

silicon valley? have you been worried about the pool of talent drying up if you can't import great talent? shantanu: adobe is actually taken the approach of being a global company and having research and of element all across the world -- and development all across the world. we continue to think artificial intelligence is a new field of study in computer science. we focus -- focus on that across the globe is important. we are doing the same for every to makeur engineers, sure they are equipped to deal with these new forms of computer technology that are emerging. in terms of where they are, great talent exists anywhere. we will just go where the talent is. caroline: fascinating. i want to know about a man who has driven the share price up so phenomenally since 2011, record highs. it feels as though nothing can go wrong. i want to know about some of the potential paranoia, a great line coming from your own general manager of digital marketing, saying, "we are believers that

only the paranoid survive." what makes you paranoid? shantanu: when i take a step back and think about the role that adobe plays, changing the world through digital experiences in this experienced economy we are in, the opportunities for adobe and the canvas on which our product people can innovate has never been higher. the thing that i continue to be paranoid about is are we executing against the opportunity and are we as hungry as we were. ands continue to execute everything else takes care of itself. caroline: that was my interview with adobe ceo shantanu narayen in las vegas. in this edition of "out of this world," spacex ceo elon musk is no fan of the rule that authorized billions of dollars for nasa. agency'sed the space agenda for the first time. human explanation of mars him a

something musk has -- of mars, something musk has publicly championed. he pointed out the law does not include additional funding for mars. he wrote, "perhaps there will be some future bill that makes some different from ours, but this is not it -- for mars, but this is not it." industryshows the tech is not diverse. we will dig into the numbers and what might be cause and the disconnect. this is bloomberg. ♪

caroline: the lack of diversity in the tech industry is pretty well understood by now, except seemly for those who work in it. according to a new survey, 94% of american tech company workers give their industry and their

teams a passing grade on diversity. keep in mind that 76% of technical jobs are held by men and that blacks and latinos make up only 5% of the workforce. what is causing this disconnect? joining us is aubrey blanche and bloomberg technology reporter ellen huet. ladies, great to have you around this table. this is an amazing piece of work that you have done, this report. 94% give a passing grade to their current company, but then we saw those stats here to what's going on here? aubrey: there is an arm's perception versus reality gap. part of that is because -- there is enormous perception versus reality gap. we talk about diversity and people look around and see people who are different from them. the tech industry has a lot of international workers. is fact is our actual goal to stop the systematic exclusion of women, of black and latinos,

of other people with marginalized identities. we need to move into talking about that direction. caroline: it's a fascinating topic that was on the front cover of "the atlantic." interesting. there have been many an advocate, we've heard many women get up there and put this report through. what are people starting to say is the recipe to fix this? ellen: it's really emerging that people are understanding there is not a single silver bullet. there's not a single way that this is going to be fixed. people understand the more you talk about something, the more information you have out there publicly about it, the closer we can get to figuring out what works and what doesn't. she is well known -- she was one of the few people to push for companies to put out their demographic stats to begin with. now it's something we saw happening a lot since 2014. everyone is looking for the perfect way to fix it, but we are slowly coming to realize it invites -- involves a lot of

small steps. it's very hard work. sometimes people forget there is not going to be one way to fix it, even though it is tempting to think there might be. --oline: what you are doing you are looking at the psychological barriers, potentially, some of the structural barriers. why we don't get full representation and also how are you intervening, what are your programs doing to overcome these. aubrey: part of it is breaking down the lack of knowledge. 20% of respondents said they believed their company is a church --y, which the which research shows us when you believe that you are more likely to be biased. wes an industrywide myth told ourselves. on howate our employees to build one in the first place. rates,g your promotion ensuring you are paying people fairly, looking at the rates that candidates are passing

through your hiring to make sure it's the same between men and women or between white people and people of color. these are grounded in empirical social science, and these -- that's where we start. caroline: companies that have been held up as doing well against the rest? any particularly failing? ellen: if you talk to any company, they will tell you they are trying to work -- what they are trying to work on. interest and slack have come out and said -- pinterest and slack have come out and said, here is our goal, we are really prioritizing it. every company has different priorities or different resources depending on the size of the company. it's definitely something that, i think, people continue to want to have more specifics about. the more we see people talking about it, the better. caroline: i was at the makers conference. tim armstrong announced that day that there would be 50% of

executives would be female and it would be 50/50 in terms of pay, ensuring there was balanced pay. give us your view geographically. geographical difference. is it a silicon valley problem? i see just as much of a problem in the united kingdom. aubrey: if you're even just looking at women in technology, the rates of women getting technical degrees is different across a bunch of companies. you see a lot of geographic variation, which can be an aspect of different cities we are trying to go for. earlierck to your point, one of the reasons we commissioned the study was because benchmarking and proper measurement is actually really important in trying to figure out how to make progress. you can't make progress if you don't know where you are. the other thing is we heard from ceo's, from heads of diversity, like myself. but we have not heard a lot from what the frontline and the average tech worker is doing. none of this is going to matter

if we don't start changing the culture of the industry. it's the real people every day who are going to do that. we need a better understanding of where they are so we can understand what the next step forward is. caroline: voices out there today will help drive that forward. thank you very much. ellen huet and aubrey blanche. now, coming up, one company is trained to modernize residential real estate through tech. a report on its efforts, next. this is bloomberg. ♪

caroline: at the time when the future of the american workforce is looking more and more automated, one company wants to embrace human interactions. it's a technology driven real estate company. it just announced a new feature called collection, aiming to be what the company calls the pinterest of real estate. joining us is leonard steinberg.

thank you for joining us. i want to understand how this is really allowing companies such as yourselves to become more digital. what's been holding it back? in the u.s., there is trulia, redfin. they have seen that people want to look at houses online. do real estate agents and sellers seem a bit slow to it? leonard: this is the first tool that combines technology with the human experience. i do believe that technology without the human experience is not going to function very well in the real estate sphere. this is an evolution that is really revolutionary. caroline: automation -- do you see it continuing to improve elements? how will a i -- everyone is talking about machine learning. you really feel this needs to be a human-to-human element?

leonard: it's an interactive technology. even homes that are an avestment are often very much personal experience. real estate is a combination of an emotional and pragmatic touches. we combined the very best of technology with the very best of the human element, which is the real estate agent, and we find, consistently, that the interaction and the transaction of real estate doesn't function very well without an agent. collections really incorporates the agent along with the client, the customer, whether they are a buyer or seller. the buyer or the seller can invite in family members, spouse, friends. people are required to help with the decision of this caliber. collections allows for this interactive, collaborative effort. caroline: there is a company called purple breaks which is getting -- purple bricks, which

is getting rid of the real estate agent, allowing me to rent out my property, go directly to someone else. it has started to push away the middle person. is this the fight back? leonard: i think the challenge to any consumer today to do a real estate transaction is incredibly challenging. i believe that, without the help of a human being, no technology on its own will be able to navigate you through that process. as much as there is a lot of data out there, a lot of information, a lot of tools, having these tech tools combined with the human element makes for a curated experience. that is what makes collections a premier tool, not only for agents, but for buyers and for sellers. it's an incredible form of communication. it also introduces an element that is so important in luxury marketing, the experiential element. people can really enjoy the experience of real estate, as opposed to dread it.

most people dread buying, selling, or renting a home. goneine: while they have to potentially looking at compass' new collections to find their property, what cities are they going to find it tough in at the moment? environment,ch whether in silicon valley, boston, new york -- where is it almost getting too hot because of tech? leonard: i think there is a tremendous gravitation towards especially cities like san francisco, los angeles, new york, boston, washington, d.c., miami. these cities are drawing in the tech crowd, mostly because of their outstanding educational facilities. but that community is very much drawn to the technology aspect of real estate search. these cities are also looking for bubbleized communities where you have walkability.

there is something wonderful about walking from your home to work and not being stuck in traffic. we are finding within these large cities there are micro-communities happening. i believe in san francisco we are experiencing a constant battle with multiple bidding. caroline: thank you so much. sorry to have to jump in. we could have you on for hours. thank you very much for joining us. that does it for this edition of "bloomberg technology." on thursday, we are diving into and speakingf the -- with fitbit's ceo. ♪

>> from our studios in new york city, this is charlie rose. with thewe begin confirmation hearings for the supreme court nominee. judicialized he was asked by charles grassley if he would issues going after the president. >> that is a softball. i have no difficulty ruling against any party, based on what the facts of the case require and i am