rate house gas emissions. mr. trump says the order will create jobs and marks a new era and energy production. new york's attorney general is leading a coalition of 23 states and counties mobilizing against the order. the coalition includes attorneys california, massachusetts, illinois, washington, and the district of columbia, and district -- and officers from several cities. -- neil gorsuch is opposed after three senators said he would vote against. republicans won him confirmed before the recess in april. a lawyer for form your equity ag sally yates claims the administration tried to limit her testimony at a hearing regarding russian interference. the hearing which included john brennan and james clyburn was canceled by devon nunes. he is dismissing calls for him to step aside from the investigation.

his meeting on white house ground raise questions about his income. 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 aussie -- bloomberg technology" is next. ♪ anchor: i'm cory johnson. this is "bloomberg technology." tesla gets a boost of cash after the chinese internet giant tencent by the state. uber in the spotlight again him at this time by their own choice, coming out with their first ever city reports. first to our lead. a cash boost for tesla.

tencent spot a 5% stake in the company. as part of a round of investment the company announced they were going to borrow, but could there be a raised stake in the future? and tesla have no operation plans in the future, but that may change depending on how the ties develop. we start with you. what the heck is tencent thinking? only --they won't i what do they want out of a 5% stake? guest: they look for the fastest-growing companies and make an investment. they have a far ranging portfolio. they are really charting their

plan to take ownership of this world of connected electric vehicles in the future. they are not the only players in china. bayou has been investing, so has alibaba. it doesn't come at all that much of a surprise. anchor: these are financial investments. maybe not partnerships, but stakes. guest: it's unclear at this point. sources are telling me they would not be surprised if there were partnerships. you can see integrations into the electric car. let me ask you the same question. tencent has about $18 billion on the balance sheet. matters.ion investment what do you think they want out of this? >> i think tencent has made

close to 100 50 investments and private and public companies of all different types, but all internet related. this one marks one of several investments they've made it to the automotive space. we see this all over the news here. there's a number of major players in related industries, whether tesla for over and lift -- or uber and lyft. stage. a very early no one is sure how it's going to play out. are the automakers going to be the players, the manufacturers like tesla? i think they want to have a seat at the table. have a toe in the water position to see how things play out. anchor: it also helps them get cash out of china. bit -- a lot of money fleeing

china on an individual level. this lets the company have investment outside of china, so not necessarily as tied to the chinese economy. guest: definitely. all of china's biggest companies want to have a seat at the table, want to get more capital abroad. it's unclear what the process is going to be like for tencent, but we are seeing it as we speak, and financial is having , saying ith euro net is going to have some issues with the approval process. this is a big deal for chinese companies and a really great way for tencent to have their stake in a very big, fast-growing u.s. company. some of us forget that china is the largest car market in the world, bar none. , when younk tencent do the work on this company, do you look at this is a business that should be in automotive in different ways? >> they are already invested in

the automobile business in other ways. they own a stake in auto home, and auto trader. they recently invested in the leading auto finance company. one of the parts of the story that is important is, while china is the largest car market in terms of new sales, it is per capita number of cars is still quite low versus the united states, in particular. this number of cars has become a problem. in many of the major cities, there are restrictions on what days you can drive. there have been days and weeks long traffic jams in certain parts of china. more than any country, to the extent the autonomous vehicle takes some of the traffic of the road or cars off the road, i think it makes a lot of sense for china as a country to be embracing autonomous vehicles, which i think is a lot of what this investment is about. anchor: fascinating stuff.

there's an interesting story today about amazon and focus they've got on the middle east. it was a pretty big acquisition. guest: we don't know exactly what the amount was. they had at one point been in talks for something like $60 million, but it is probably closer to $1 billion this time. anchor: for amazon, that is a lot of money. guest: they see the middle east as an emerging, growing market. this is a company with huge brand presence. commerceof the biggest companies in the middle east. it's a great point for amazon to get in there. it made a lot of sense to purchase the company. anchor: it's not really amazon style. buying a company within the adjacent business and making it their own is not the amazon way. guest: but in this instance, when you look at what souq has already built, that

infrastructure is probably pretty difficult to re-create in the middle east. amazon is probably looking at this deal and thinking this makes a lot of sense. i'm sure they were probably evaluate other opportunities in other markets they have no footprint in and come to that same conclusion. anchor: thank you for coming in. a bigger picture of the market after the dow snapping the losing streak. this a resume was to trump rally? reporter: great question. it was certainly a bullish day for stocks. major average open slightly down, and they shot higher. what is behind this is actually the 10 year yield starting to climb higher to set up a rally in the banks. the banks led. it wasn't all about technology because the rally for major averages in the u.s. we also had some of the tech and internet stocks trading sharply higher, helping out the s&p 500

and the nasdaq, including apple, facebook, and amazon. apple and facebook closed at new record highs. ubshen mull the niche at $2nks apple could be a billion stock. apple, from a technical perspective, looks pretty stretched. we have a chart that suggests perhaps more bullish trading could be ahead for apple. indicatoring a new within the bloomberg that blends also as technical indicators, but symbolize it by showing bullish trading action in green, bearish in red. that boxed in area back in 2012, this indicator has been pretty solid. right now it is all green, suggesting these gains for apple

may just continue and, in turn, help the major averages. anchor: also a bid for a stock that had been hurting today, accenture. what was the big move their? reporter: they finished up more than 1.5%, the best day since december 7. the big news there is oracle, the news that they could buy out accenture. i reached out to bloomberg intelligence, and they say this should be pretty unlikely, mainly because of the valuation. we take a long-term look at accenture since they went public in 2001, this stock is up in a huge way. billionarly and $80 market cap company. is perhaps looking for a smaller services company, and we did see some of the other

smaller service companies rally, including hp enterprises, computer sciences, and cgi group. i'm guessing we will be hearing on a stockthis story company you don't focus on too much, but who knows? anchor: it's trading at 2.6 times is earning growth rate. thank you very much. in biggest grab for the global market to date, swear expanding expanding inquare the u.k.. president trump rolling back the presidents -- rolling back the policies of president obama. what this means for the environment. tv.k us out at bloomberg this is bloomberg. ♪

anchor: president trump signing an executive order today intended to scale back the clean make american energy independence, and restore clean coal jobs. joining us from the d.c. you are -- d.c. bureau, jen covers the clean power industry. coal.a doesn't import any does encouraging coal make america more energy independent, or have any impact whatsoever? guest: this order is much broader than just coal, even though trump today framed it very much in the language of helping coal miners. order that this trump signed is dismantling the

clean power plan, which forced coal, largely eroded cold market share in the market sector, but also listing other restrictions that have limited production of oil and gas on federal land. anchor: let's talk about those one by one. coal industry stuff, a lot of suggestions that there are monitoring of prices and pollutions of coal has been hurting the industry, and that money will stubbly -- will suddenly start flooding in. is that true? guest: analysts don't think so. the coal industry is up against pollution regulations, not just regulations on carbon dioxide that are affected by what trump is doing today. it is regulations on mercury, and other air pollutants that aren't going away. that has been a primary headwind for coal in the election sector. one of the reasons you see utilities go towards natural gas and renewables, which have the being as of not

expensive, there is less labor. no matter what trump does with the clean power plant, he can't change those fundamental economics for coal producers. obviously there is coal used for steel. that is something where maybe he sees an opportunity to create a steel manufacturing renaissance in the united states. in the power sector, it is a challenging thing to do. anchor: furthermore, i wonder what this does mean for the future of cleantech and what changes will affect wind and solar. guest: i think went and solar developers, i talked to them a lot here, the lobbyist for those

industries, they say they take a lot of the president's boxes. domestic energy security and independence, so they are really telling that story to the trump administration. they are not pitching themselves as climate leaders so much as part of his economic success story. anchor: it also seems to me that , not unlike manufacturing, with coal, the jobs that would come back if there was more mining to be done would be more automated, more use of machinery, less use of human beings, so not as many jobs would come back, he's noticing amount of productivity would be happening. guest: right. what we have seen from coal mining sector is an erosion of jobs because of increased mechanization. the image of a minor going down underground with a pickax, that is really antiquated. now you have bulldozers, and opend diggers pits, mountaintop removal sites.

it's a completely different picture. mechanization has eaten away at those jobs, and even with the clean power plan gone, those jobs aren't coming back. jen, thankomberg's you. you psyched to share your browser history? u.s. congress is set to vote on broadband privacy rules. wider web history could be at risk, next. and use our interactive tvs unction. once a slide, plus previous stocksews and all of the and functions we are talking about. tv . this is bloomberg. ♪

anchor: the house is set to overturn broadband privacy rules. just months ago, the senate voted to scrap the rules last week. conservatives are worried about your browser history. opponents of less government

regulations say these overreach internet service providers at a disadvantage against websites and apps. the coalition group funded by comcast and other broadband providers, the argument i've comcast, time warner cables, companies we all know and love, just kidding, these companies think they are ready real disadvantage against google and facebook and the like. is that right? guest: matters of the 21st century privacy coalition are very strong supporters of consumer privacy. they firmly believe in that companies have to be transparent, disclose what information they are collecting and how it is being used, and they should be held accountable for honoring their commitments to consumers. i would say that the ftc agency sec -- toment to the

the fcc, and they pointed out 27 separate criticisms of the fcc rule, not all of which were addressed. the most significant one is the fact that privacy protections, although they are critically important, should be technology neutral. fcc wrote a report ,n 2012 praise fairly widely including by privacy advocates, that called for limits on data collection and for technology neutrality. anchor: currently, does a cable to tell me isp have if they want to look at my browsing history? guest: do they have to tell you? no, but they have all make commitments. they don't look at browsing history right now. they have all make commitments

that they will not sell that data. if they don't honor those commitments, they are in violation of the law. anchor: i'm not talking about selling it. i'm not you but using it for themselves. guest: for internal use? sure. for billing purposes, law enforcement purposes. they might find some interesting patterns and things about the information they collect and use that to benefit tumors. that is what providers like google and facebook do. anchor: is that understand, they have to notify the person using. someone might just click on accepting the terms of facebook and google, and one can argue whether that is truly a notification, but is that the rules are different for apple and google and facebook than they are for comcast verizon? guest: the rules certainly would these secnt if

proposals-- these fcc stay in place. and we think they are fundamentally flawed. anchor: we see companies like and thinking more about being a content provider. suddenly verizon is both aol and yahoo!, as well as being the isp, so they really do want to go much more head-to-head with google and facebook. guest: i think what you might see going forward, particularly if this rule is modified or is competition for privacy, which would be a good thing for consumers, and more innovation, also a good thing for americans. that is the hope. anchor: to say this rule that removes privacy competition gives more competition for privacy, i would say the pushes to get less privacy. guest: i would say it's not

entirely certain. if you place restrictions on an isp or broadband provider and they result in higher prices or less innovation, i don't think consumers are necessarily benefited from it. the fcc still has the authority to bring privacy cases as it has done over the last several years under the previous administration. i hope they will continue to do that where appropriate. anchor: this is about taking away privacy, not adding more for the isp. guest: i think it's about more than taking away privacy. anchor: it's about the way privacy and something else. i would agree. guest: i think we are in agreement there. i think it's about replacing or undoing what we think is a flawed privacy proposal that was passed on a partisan vote. our approach was to try to have a bipartisan rulemaking and decision. they are more enduring.

fcc had thehe ability to go back and write a new privacy proposal. i think we are not quite certain what the future would hold. there is a reasonable chance that the future will be more promising for consumers. i certainly see your question. anchor: i appreciate your time. you.r ftc chairman, thank coming up, intel's executive vice president of manufacturing and operations. we would dig into was next with this $3 billion shipmaster. -- $3 billion chip master. this is bloomberg. ♪

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which officially begins tomorrow. defiant scottish lawmakers voted today on a new referendum for independents to be held within the next two years. germany wants a hard commitment from the u.k. it will not look to renege on its eu bill during the crucial to your negotiation. the u.k. is the union's second-biggest net payer. the bill could be as high as $65 billion. the wife of francois fillon is facing charges. investigators suspect she was paid for jobs she never performed. ministerica's finance is back in the country today after being abruptly ordered to leave a trade promotion trip to britain and the u.s.. the president is believed to have mentioned firing him. the minister says he is not resigned. three african nations are on the

brink of famine. officials say 60 million people are at risk and it is the largest humanitarian crisis in 70 years. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am alisa parenti. this is bloomberg. 8:30 in sydney. i am joined by paul allen with a look at the markets. a positive lead-in from the u.s. shipping up to be a positive day around the asia-pacific. looking good at a quarter of 1%. we are seeing some strength in the nikkei futures and afx futures point up quarter of 1%. we are looking at the retailer meyer, the mystery buyer of a 10% stake in the chain must be revealed.

we solve the shares pop about 18% on monday before pulling back on tuesday. the state of queensland will be mopping up after cyclone danny -- debbie. the basin in queensland is the largest coal producing region. keeping an eye on the westinghouse bankruptcy. earnings will be announced. i am paul allen in sydney. more from "bloomberg technology ," next. ♪ ♪ this is "bloomberg technology. go tesla shares on the highest level in a month.

tesla shares up 30% year-to-date boosted by the capital raise and anticipation of the model three. moore's law is still on track according to intel. it says its rivals have not closed the gap on manufacturing leadership. samsung's ability has not change the market. joined by stacy. you guys did a big event today. last week, i did something with craig barrett and he mocked me basically, saying guys like you have been saying moore's law is dead for 20 years. it is more than that. semiconductors cannot get twice and half as expensive

every 18 months. but you guys are still pulling it off. stacy: yes. the rumors have been going on for 25 years. for us, moore's law is alive and well. he continues to drive cost down and performance up and it is the driver of our business. unquestionably change the world. it is essentially a marketing goal. it is a scientific research goal. it is more than economics law. it allows us to improve the capability of products or reduce the cost of the product. smart have been keeping it marching forward for 50 years. what is the most important to her three innovations to allow this to continue? us, we look at the

complexity of advancing moore's law, we are employing something called hyper scaling. that means we are getting bigger improvements generation by generation and that allows us to keep on the track of moore's law. there is a lot of technology that underlies that, but in essence it is going no to note, but we're taking bigger steps. cory: what are the chemical processes? stacy: as you said, everything changes in terms of how you do process aging -- processing. this is the first time we've done event like this in over a decade because normally we are secretive about these things. we talked about transistor structures, we talked about process steps we use to give us exquisite control that allows us to do double patterning in the factories. we went through a lot of

technology disclosures. i think for the non-technologists in the room it may have been too much but it showed where we are heading and allowed us to align with the industry around key technologies, because we need their support to continue moore's law. cory: geek out for me. tell me one that you really liked that you got to put to work. stacy: one of the key things we talked about today is something where it is a multi-dye interconnected bridge. us to have a high-speed interconnect so we can take products from different technologies are companies, put them together in one package and create entirely new classes of products. cory: that is a singular chip? stacy: it is multiple dies.

you can put them together with high-speed interconnect and that allows a heterogeneous mixing and matching of capability. we can pull a modem from one generation, cbo from another, graphics from another, and put them into a high-performance a cadence ofreate innovation different from what we have been able to do before. like -- the dyes are stacked on top of each other like a record album? stacy: their neck to -- next to each other. cory: it is pretty wild. it is hard to believe he can continue to get so much faster and the law can continue to perform itself, but it is a challenge intel seems to meet ew years. the way chips are used is different now. the driver that intel once controlled was data centers and pcs, and it is maybe not as

relevant in a mobile or things world. not sensors and a stoplight or car. stacy: leadership process technology is applicable on the high end of the market, so think about machine learning and artificial intelligence. it is applicable in high-end of the client market. it is also important when you start thinking about devices being more smaller -- being smaller and more efficient. i think it is more applicable today than it has been, you just use it and for ways. one of the slideshows we had today, the high-end of the market has been going at a 40% tagger over -- 14% tagger over the next several -- last several years. cory: you are saying that across the board at the high-end, it

does not necessarily translate when you see everything slung together. stacy: we are seeing more and more of the overall so looking being produced in the world going toward a high-end. that is because people want performance and energy efficiency, being at the leading edge of both of those things. cory: stacy smith, evp of sales at intel. great to talk to you. facebook is copying snapchat again with its main app. post messages can that disappear after 24 hours. it also adds filters and effects. facebook messenger and whatsapp also have these features. snapchat user growth has plummeted. ye will joinill n us with words of was him for

president trump and what nasa should be focused on. mars missions and earth science studies. this is bloomberg. ♪

cory: another edition of out of this world. bill nye with guy free device for president trump. his group has issued recommendations to the administration. trump plans to leave in place like a manned mission to mars. he also wants to cut spending. angelesns us from los about why the planetary society offers advice to president

trump. often administrations have chopped a program and started over. we think all the programs in progress right now are worthy enough to keep in the pipeline, mars as the planet focus for human spaceflight. cory: why is it so important? there is been an argument that says singles and doubles are important, let's get lots of data and science, not think some much of the budget into such an expensive thing like mars. bill: two different things. the trips to mars are quite reasonably priced. we are talking about robots and rovers. in my would like to do lifetime is send a rover sophisticated enough, sterilized enough to drive up to one of the so-called recurring slope linear

we agree is a result of running water. we would sniff around, microscope exam of the ground for living things or evidence of living things. in the mean well, what gets people excited about place -- space explanation is when humans go out there. around humans to orbit mars by 2023. go to mars every 26 months. you cannot go any time. we think this would bring out the best in us, it would be optimistic and we would change the course of human history. cory: how so? bill: if we found evidence of life on another world like mars jupiter which is called europa, if we were to find evidence of life out there,

it would be like copernicus showing that if you want to find the planets in the skies, thinking about them going around the sun. cory: we have to see what the house and senate do right now, they seem intent on cutting funding for science and nasa, and even looking at things like climate change as suspicious or untrue. bill: the proposal is to increase the budget for nasa, but there is a lot of talk about decreasing the earth science budget, which is a big part of what nasa does. has its own satellites, but a lot of the instruments on the satellites are developed by scientists and engineers at nasa. climate change is for some .eason a political issue from a scientific standpoint, it is just an issue, the most significant issue facing

humankind. our belief is that if we advance lands and exploration at nasa, earth science will get advanced, as well. .e want to keep it all going with respect to being anti-science, as much as that is being talked about and as serious as it is, nasa is the from aand, just spacecraft point of view, from the state department point of view, nasa is the best friend the united states has -- best brand the united states has. you can invest in nasa for this reason it is not scientific. helping people around the world recognize the extraordinary expertise that has been built up in the united states in space expiration. -- exploration. cory: is there one science fact bill nye the science guy would throw in the face of those

denying climate change? bill: i encourage everybody to look at the ice. by that i mean look at the ice cores extracted from antarctica and greenland. occasionally siberia. you will see overwhelming, incontrovertible evidence that the earth's climate is not just changing but changing fast. that is a big problem, everybody. it is the rate at which the climate is changing. would love to get involved with all this, but humans are causing it and the evidence is overwhelming. the people who are fighting this are the fossil fuel industries or people be fossil fuel industries have hired. i encourage those guys, and they are almost all men, i encourage you to think about your kids and grandkids. you do not want to leave them a world where people have to up arable land has to make newh, we have to

deals with our neighbors to raise enough food for the world. you guys, this is a serious issue and a health everybody -- i hope everybody stops making it a political issue and makes it a let's get to work issue. ceo, planetary society bill nye the science guy. eastern, at 4:00 deeper look into the rise of populism and how it is changing the dynamics of the global economy. we will speak with experts from around the world, including shot clock touche -- including the former ecb president. don't miss this special program on 4:00 on wednesday. coming up, uber in the headlines again. i diversity report has been released. we bring you the data next. this is bloomberg. ♪

cory: in the spotlight again, uber. the company says it will pull out of denmark by april 18. they are blaming and the taxi law that requires a mandatory meter and seat sensors. they have 2000 drivers in denmark. the company says they are going to provide a dedicated resource to assist drivers in the shutdown in denmark. the company releasing a report on tuesday dealing with the gender breakdown and racial makeup of its employees. companies are trailing the company and women in leadership and technical ofes, but women are only 20% their leadership team.

retention was not in the report. francisco,from san ellen huet. thank you. thank -- what about this report? like some of the other reports we've seen coming out of the tech companies and the valley, google, facebook. they show us a similar pattern, very few women and non-asian ,eople of color in engineering across the company as a whole and also in leadership. uber is similar to that. because they include their total employee count, they did have a better racial diversity than some of the other companies we have seen, but in many ways it was in line with some of the other companies we have been getting reports on for a couple of years. cory: this does not include the drivers? it does not, they are

independent contractors. there were plenty of evil on plenty ofat were -- people on twitter that were confused about that. cory: they'll have to give the drivers benefits and things like that. ellen: worker's comp., all these things they don't have to include. they are still independent contractors. cory: that is not the only diversity issue with uber. we had a former employee come out saying she was discriminated against because of her gender while working at uber, and detailed problems there. story thisote a afternoon talking about how these diversity report do not include retention rates. they're happy to talk about the demographic snapshot and hiring rates, but they don't talk about who stays. you talk to people who really study management and diversity,

they say retention rates and who exits and whether there might be some demographic groups leaving more frequent than others is a pretty good indicator of what the culture is like inside the company, how inclusive it is. it is an employee -- an important metric but people don't want to talk about it. employee talked about how she wanted to talk -- track the retention rates herself. who was leaving the engineering department. she said in her essay, the reason women were leaving was because it was organizationally very chaotic and also there was a lot of sexism. in a she also suggested perverse way, a diversity initiative at uber culture to be forced out of the company. which he says in her essay issue applied for a transfer within teams and it was blocked.

she did not get good answers from hr on why that happened. later,d she found out overheard her manager boasting about how he was able to keep women on his engineering team even when other managers were losing them. we don't know that it was an official policy within uber that managers were being graded on retention rates, but it seems to me to make it pretty clear that at least within the company, people are paying attention to who is able to keep women in engineering and keep certain demographic groups within their team, and i think it is probably important for uber, that they track who stays with the company as a whole. cory: it almost suggests, and they won't tell us so we can give them credit, that on some level they were trying to do the right thing, or be more diverse, i should say. the way they did it ended up handcuffing them. ellen: i think every company is

paying attention to this. the sense i get is that they do it in part because they know it they are underat a lot of public scrutiny for. and because there are people in the company who believe it is good for the company and business. it is a mix of the two, employees are aware they are , and theyhed for this are trying to find their way to a place where they find policies that work for them and where they can make progress. cory: interesting story. ellen huet, thank you very much. that does it for this edition of "bloomberg technology." wednesday, we look at samsung as they released the samsung eight. this is bloomberg. ♪

♪ from our studios in new york city, this is "charlie rose." charlie: we begin with politics. president trump is trying to bounce back from setbacks last week. doubts arising about the president's ability to achieve progress on other aspects of an ambitious agenda as the white house turns attention to tax reform. joining me is robert costa of the washington post. on friday he reserved a -- received a phone call from the president telling him that