mark: i'm mark crumpton, and you are watching "bloomberg technology." the u.s. dropped the most powerful nonnuclear bomb in its military arsenal for the first time in history today. the bomb struck in islamic state tunnel complex in afghanistan. the massive ordinance air blast bomb is also called the mother of all bombs. cia director mike pompeo has announced a wikileaks as a hostile intelligence agency. he gave his first public speech since becoming director, saying the group is being co-opted by russia. director pompeo also said iran should take notice of the u.s. military strike in syria. the un security council has voted unanimously to conclude the piece keeping mission in haiti in october after 20 years.

there are steps taken in recent elections. the council voted to extend the mandate of the mission for a final six months. president trump has signed legislation to give states flexibility to withhold federal family-planning money from planned parenthood. it is part of a broader effort by republicans to cut off federal funding from organizations that perform abortions. the first female u.s. muslim judge has been found dead in the hudson river. the body of sheila abdus-salaam was found a day after her husband reported her missing. she was an associate justice on the new york court of appeals. authorities say there are no signs a crime was committed. i'm mark crumpton in new york. "bloomberg technology" is next. ♪ caroline: i'm caroline hyde.

this is "bloomberg technology." coming up, apple announces three of its suppliers have pledged to use only renewable energy. we will have an exclusive interview with an apple executive. the largerscuss economy of the tech giant's supplied chain. the battle lines are drawn as the world's biggest internet giant gear up for a fight with u.s. regulators over net neutrality. another tech company dives into the public market. we will give you the latest outlook for the ipo landscape. first, to our lead. our exclusive interview with apple's vp of environment policy and social initiatives. as the company pushes toward its goal of all facilities to be 100% renewable. lisa jackson told david gura how the company persuaded three additional chinese suppliers to rely solely on green power. >> you should expect to see more and more suppliers. we have three new suppliers

who've said, in china, we are going 100% for apple's operations. it was not hard to do. it was a matter of helping them understand how we invest in clean energy, so they could take advantage of the same marketplace and the same returns. caroline: this comes as some apple suppliers have been feeling the pressure. shares of european chipmaker dialog semiconductor plunged after an analyst warned that apple would probably cut back on use of the company's chips. joining us to take a look at the supply ecosystem david , kirkpatrick, ceo of techonomy. live from new york. and here in san francisco alex , webb, bloomberg reporter who knows all things apple. talk to us about the news coming out. alex: apple has been buying chinese energy sources in order to facilitate these sorts of contracts with its suppliers. on the supplier part, as you try to cozy up to apple, as we have

seen from this example, these guys can be a little bit vulnerable. they are doing as much as they can to get in apple's good books. there are economic advantages as well. caroline: it's a bonus for apple longer-term if they have a clear picture. alex: full credit to apple for trying to get renewable energy sources. it has huge advantages for the environment. but there is a financial incentive, as well. the way these things work, you sign a 20 year to 30 year purchase agreement with an energy supplier. that locks in a particular price you are going to pay for your energy over that period. if it becomes cheaper on the open market, you can still go for that cheaper option, but it gives you the ability to predict how much you are going to be spending on energy for the years to come. caroline: money talks, david. it's interesting timing. perhaps not surprising there is a business case for this, not just an environmental case. particularly at a time when the administration perhaps does not care so much about the

environmental credence of business. david: it is not surprising the suppliers are in china. it is an issue of renewable energy, it is much bigger there than it is here. the resources do exist there. even if they don't today, they are likely to tomorrow. at exactly the point when there is a lot of question in our country if we are moving in that direction. if a company like apple is putting an emphasis on renewable energy for its suppliers, it might force them to take more moves outside the united states. caroline: fascinating. something the administration definitely does not want. david: or understand. caroline: interesting. alex, back to you. favorite function, supply chain analysis. it digs into who the suppliers are of apple and who they supply to. it's a bit of a murky picture. if you dive into my bloomberg, you can see how dependent certain suppliers are on apple.

alex: that's the foxconn parent. caroline: big players here. they have started to perhaps drop a few of these suppliers. is this a worrying time to be an apple supplier? alex: it's always worrying. apple holds all the keys they , can drop anyone or take anyone on at any given moment. that's why you do as much as possible to keep apple on your side. because of some of the pressure we are seeing in the mobile phone industry, the smartphone industry, there is perhaps a greater impetus for apple to try to do more going back into the supply chain, to try to own more of that technology in order to wring every last dollar that is -- that it possibly can out of the iphone. we have seen the way apple has gone forward in terms of integration. they own all of the shops in which they distribute and sell their phones. that is forward-looking integration.

in the opposite direction, they are doing more and more independent, logical fronts which underpin the iphone. caroline: and support their margins, perhaps why they are going after qualcomm. david, you are an optimist or pessimist when it comes to how much apple can rejuvenate themselves and be the innovator we remember of the past decade? we have the iphone 8 coming up. david: that's an interesting question, not the one i would have expected you to ask. i would say i'm neutral on that. i think it depends a lot on this new phone coming out this fall, about which there are still a lot of questions. i am a little skeptical they can make it fundamentally different enough to, like, really move the needle. but maybe they can. they have done miracles before. their ability to execute logistically is unparalleled. i wanted to briefly comment on the reliance issue for the suppliers, which is connected to their logistics superiority. this ties into this

responsibility that some of these companies have in the tech sector now that they are so gigantic. apple is the most valuable company in the world. one might ask if they have this fleet of suppliers all over the world who live by the sword and die by the sword, if apple lifts its lower pinky, it might hurt them seriously and cause their stock to plummet, does apple have some kind of special responsibility to let shareholders know what might be coming or even take them under their wing? that is not the way they would think they have to behave. when a company is that big, it makes me wonder. caroline: it makes you wonder when apple is one of the biggest shareholders of imagination technology in the u.k. that has plummeted on the back of potentially not being as big a supplier as it previously had been. alex webb and david kirkpatrick. you will be sticking with us this now, another stock we are hour. watching. tesla. shares jumped after ceo elon musk announced plans to pad the company's lineup with electric vehicles.

musk said that after the final unveiling in july, tesla will unveil a semi truck, also known as an articulated lorry, if you are a brit like me. in september they will also have a pickup truck, 18 to 24 months after. tesla will also bring back its very first model, the roadster. this time, it's a convertible. coming up, the biggest internet companies in the world have a message for washington. leave neutrality rules alone. we will dig into the battle over internet oversight. a reminder that all episodes of "bloomberg technology" are now livestreaming on twitter. check us out. this is bloomberg. ♪

caroline: the fcc says t-mobile, comcast, and dish network are among the top winners in the latest u.s. airwave auction. this is the bidding process for airwaves that are now being repurposed for wireless data traffic. t-mobile was the largest bidder. dish network paid the second-most and is already sitting on a vast trove of airwaves it has yet to use. those shares sunk after hours after we saw that announcement. sticking with the fcc, the largest internet companies in the world are making their case to the regulator not to gut existing net neutrality rules. the principle is that internet service providers should enable equal access to all content and applications. this week, the leader of the trade group that represents amazon and facebook met with ajit pai in washington. pai has a track record of opposing the existing rules. especially the title to

classification which gives his agency authority over the internet. internet association ceo michael beckerman joins us from washington. david kirkpatrick, our guest host for the hour. michael, you have met with ajit pai. interesting moves perhaps he of oversightt rid fcc, andp's by the perhaps wants to move it to the ftc instead. your view is that net neutrality should not be changed. was he open ear-eared or not? >> it was a very cordial meeting. i have a lot of respect for the chairman. we do strongly disagree on this issue. we think the fcc got the rules one, right in 2015. we are advocating they keep it the same. if it's not broke, don't fix it. as a relates from moving the rules from the fcc to the federal trade commission, i would point to the comments from commissioner mcsweeney that they are not the expert agency.

we have agencies in our government. all the engineers are at the fcc. that's the expert agency. we should keep it there. caroline: you're looking at a snake meant -- statement made by terrell mcsweeney about the importance of keeping it with the fcc. pai does make out that clearly, he has always tried to say that he wants net neutrality principles to remain, but a voluntary pledge instead. do you think if it wasn't supported by the law, we would ever see net neutrality remain a reality? >> yeah, i think there is way too much at stake here. the competition of sites online, the low barrier entry for startups and the consumer experience that we know and love, both on mobile and fixed broadband connections rely on these rules. if you're willing to agree to them in a voluntary sense, you might as well keep the existing

rules that are on the books now to protect consumers. caroline: do you agree with michael, if it ain't broke, don't fix it? is it not broken, as far as you see? david: ironically, i do agree with him, if it's not broke, don't fix it. but to me i come to a slightly , different conclusion, or i worry less. the thing that i feel and have noticed is that there has almost never really been patent obvious violations of what people consider to be net neutrality, and yet there has been a huge hullabaloo about coming up with new rules, that the government should get more involved. i believe capitalism generally works. i honestly don't think that it's that big of a deal whether we have a voluntary agreement or a law, given that, in my experience, there is hardly any evidence of there really being a problem.

the idea that the internet companies like facebook and google are somehow being bullied by companies like verizon and at&t is fundamentally illogical if you look at the market caps, the market power, the consumer relationships, the way they are perceived in the marketplace. caroline: michael, respond to that. is there evidence prior to net neutrality that smaller startups and some internet content makers were unable to get equal access to the internet? >> yeah. a few things to respond to that. one, we have had rules or the overhang of rules for quite some time from the 2010 rules that got struck down and back and forth. we have been under a period of uncertainty in this area where i think it has kept everybody honest. in terms of the protections that are needed, 70% of americans have zero or one choice for your high-speed broadband connection, which means there is not a lot

of competition when you compare that to the internet, where everything is a click away. if you don't like one streaming service, you can use another, and there is lots of competition. this is not just about the large companies. certainly, you could say they could fight for themselves against isp's, although it's a different landscape. what about the next generation of companies? that is to this is also about. it's about consumers and maintaining the innovation and the low barrier to entry for the next generation of internet companies to have the same chance the first generation did. caroline: if we see ajit pai stand by his word and remove net neutrality or make it a voluntary process, move it to the ftc, will the internet companies you represent fight back legally? >> we are going to make sure our voice is heard in congress, in the fcc, through every means possible, because we are outcome-oriented. the rules that they have in place are working for consumers. we want to make sure they stay. we don't think it makes sense

moving this to an agency that is not the expert agency. you would not move approval of drug prices from the fda to the ftc. why? because all the scientists are at the fda. all the experts are there. same thing here. the engineers and experts are at the fcc. caroline: should the internet companies you receive be overseen by the fcc, too, if that's where all the experts are? >> that's covered by the ftc as it relates to network privacy. we are talking about network management. those are the engineers that have the expertise making sure , the internet stays open and free. you don't have the isp gatekeepers. it's different when you're looking at edge providers vs. isp's. caroline: michael beckerman, thank you. our guest host, techonomy david kirkpatrick. wonderful to have you staying with us. another tech company has taken the ipo plunge. we will hear from a ceo on a company's first day of trading.

this is bloomberg. ♪ caroline: instagram is seeing

continued growth of its snapchat-like feature. they announced that over 200 million people are using instant -- instagram stories every day, up from 150 million instagram stories every day, up from 150 million in january. snap shares slid around 2% on the news of the game but , regained to close flat. tech companies seem to be lining up to enter the public market. yext is the latest to take the ipo plunge. based in new york, the startup helps chains of like t-mobile and ben & jerry's manage their

individual listings across search engines social networks , and apps. bloomberg's alex barinka spoke ceo howard lerman. >> being public presents us with incredible credibility. many of our customers are the world's biggest financial institutions. they want to see a company that has transparent financials. a want to see our audited financials. they want to know a company is going to be compliant. being public helps us with our credibility. it also is a huge marker of our awareness. as a pioneer in a new category, the most important thing is creating the awareness of how we can solve this huge problem. for a company, their website used to be the centerpiece of their digital experience, but now at the exact moment of intent it is maps, voice search, , and knowledge card answers. yext helps our customers with this. we are new in this category, and we need to make sure we have the

awareness. an ipo helps us do just that. caroline: that was yext ceo howard lerman. joining us is the interviewer herself, alex barinka. still with us is david kirkpatrick. we seem to see enterprise software is where it is at when it comes to ipo. anymore we should keep our eyes on? alex b.: that's typical for a healthy tech ipo market. that is where the majority of the listings will come from enterprise software. another company is prepping their listing. they are looking to go public at a valuation of about $4 billion. they filed publicly last week. another one is considering, and ancestry.com. there are a number of names out there where, at this time last year, i did not have much for you. there were not a lot of people going. it does seem like there is investor interest for these listings, which is an important ingredient, and now we have the supply.

we have the companies getting ready. it seems like we will see more in this enterprise tech last in -- tech class in terms of u.s.-listed companies. david: i can see why yext's ceo would want to go public for the marketing reasons. i'm not sure why investors should be interested in a company that had $120 million in revenues and lost $40 million. to me, that feels very bubble-ish. what do you think? alex b.: it seems we have seen a shift on putting more onus back on revenue. late last year, before we saw this rush, after labor day in 2016, investors in public equity markets wanted both topline growth and they really cared about profitability or paths to profitability. we've seen more of an appetite, whether it's a company like yext or snapchat, which did it go

public earlier. we see more appetites for these younger companies, where the investors are saying i'm willing to come in and take a more risky bet, award you on valuation, because i think you have potential in the future. talking to people on the street, there are a few classes of investors that are looking at this. we have the ones that want to get in and lead in these companies. the fact of the matter is there still are not a ton of tech listings. you have some people chasing near-term returns. yext itself is up 20% on listing day. you think about the fast money moving in and out, that is definitely a reality right now in the ipo market. caroline: what is still burned into our memory is the start of the ipo doorway, which was slammed shut by app dynamics getting bought out by cisco at the last moment. alex b.: it seems like this when -- seems like the pendulum has

swung back to ipo's. valuation is better than strategic's are willing to give. my colleagues and i sourced a bunch of different situations. all of these companies are looking to the public market. could that change at the drop of a hat? potentially, yes. everyone is very concerned about where equities will be over the next 18 months to a year. right now, it does seem like ipo is the course of action for the exit-ready companies who could potentially be standalone and have some interest from public markets. caroline: all eyes in europe on spotify as well. alex barinka and techonomy ceo david kirkpatrick. coming up, another crazy week for chipmakers. so begins the drama of qualcomm. this is bloomberg. ♪ mark: i'm mark crumpton, and

you are watching "bloomberg technology." let's begin with first word news. some strong words for wikileaks and its founder julian assange from cia leader mike pompeo. in his first public remarks and the coming director, he told the center for strategic and international studies that wikileaks is in his words, a hostile intelligence service. >> these are not reporters doing good work to try and keep the american government honest. these are people who are actively recruiting agents to steal american secrets with the sole intent of destroying the american way of life. that is fundamentally different than a first amendment activity, as i understand them and i think as most americans understand them.

mark: the u.s. dropped the most powerful nonnuclear bomb in its military arsenal for the first time in history today. the bomb struck an islamic state tunnel complex in afghanistan. president trump was asked if dropping a bomb sends a message to north korea. president trump: it doesn't make any difference if it does or not. north korea is a problem. the problem will be taken care of. i think china has really been working very hard. mark: japan's prime minister the problem will be taken care shinzo abe warns north korea may be able to fire a missile loaded with sarin gas toward his country. sarin is the gas believed to have been used in that chemical attack last week in syria. the syrian president bashar al-assad said that chemical attack was, quote, "100% made up in order to justify u.s. military strikes." speaking to french news agency afp, assad says he believes

western powers, including the u.s. have sided with terrorists , against syrian authorities. the attorney for the passenger dragged from a united express flight says his client accepts from the -- accepts the apology from the airline's ceo, but believes it was insincere. >> he had to apologize, really. think about it. look at the video. i mean, even our president last night said that was horrible. spicer said it. anybody that looks at it says it. mark: dr. david dao was dragged off a flight sunday after he refused to give up his seat. his attorney says dao will probably sue over the incident and the city of chicago, which employs guards, is also responsible. canadian prime minister trudeau has made good on one of his major campaign pledges. his administration announced today a new legislation legalizing marijuana, expected to take effect in the summer of 2018. dan rooney, the chairman of the nfl's pittsburgh steelers is

dead. he was 84. rooney is credited for the roon ey rule that stipulates teams must interview at least one minority candidate for gm and head-coaching vacancies. he also served as u.s. ambassador to ireland. i'm mark crumpton in new york. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. just before he took office, president trump met with all the ceo of tech companies in a highly publicized meeting. did not take a formal job but she did assist in the run-up to the inauguration. we spoke to cory johnson and ian king about this. >> she's extraordinarily effective leader silicon valley. oracle has done very well, when many of its competitors have not. she has done very well.

she has had many roles the , administration would be lucky to get someone like her. i find it hard to imagine she would leave oracle. caroline: she came over as an immigrant, and israel he immigrant, someone who could have been very passionate about the travel ban, but was notably silent in some ways. cory: maybe silent publicly. she is not a very public persona. she is sharp. she gets her way and makes her opinions known. she also is very effective on wall street. she has a lot of good perspective. caroline: there may be some bridges being built by some companies in silicon valley with the white house. i want to shift gears to your particular area of expertise. we've had so much news in terms of chipmakers this week, whether it is qualcomm fighting back at apple, the asian company today coming out with its own earnings report. can you tell us a little bit about qualcomm? ian: qualcomm started off on the

offensive legally, fighting back against apple, accusing them of lying, saying you have created this global conspiracy because you don't want to pay as much as we want you to pay. moves on, all of a sudden they are on the wrong end of a legal dispute. them fory prepaid licensing, believing they would sell all of these phones. and when they did not sell, they wanted their money back. caroline: the chips have been a particular area of growth on the stock market. they have been a real outperform or when you look at some of the stocks. today, not so much. cory: about 47% over the course of the last year. that's driven by m&a, too. as far as qualcomm goes, aside , the legal department is as important as

part of the company. ian: by a large margin. caroline: this story will run. the battle between apple and qualcomm. and how much had blackberry won? still, it is a coup for apple potentially. ian: qualcomm immediately said this has no bearing on anything else, we are doing is purely as a binding arbitration we agreed to be part of, nothing to do with anything else. based on what they are trying to say this week, trying to get its message out, it doesn't look great. caroline: that was cory johnson and ian king. an update on another chipmaker. toshiba has temporarily canceled meetings and a decision on its sale of its memory chip business. that is according to people familiar with the matter who say the delay is to address concerns raised by its industry partner, western digital. the firm says purchase may violate their contract and wants to be negotiated with exclusively before any sale.

now a predominant theme in , silicon valley over the past year involves powerful founders behaving badly. uber and zenefits are two companies whose public reputations have been partly undone by such. now, the same destructive dynamic appears to be playing out in the world's most valuable cybersecurity startup. tanium. a bloomberg scoop with lizette chapman. still with us, techonomy ceo david kirkpatrick. this is a fascinating read. have a read. this is a company that provides their technology to government agencies, every bank in the u.s. big valuation, bad behavior. people are leaving because of it. lizette: that's partially true. people may be leaving. some were fired. some left voluntarily. nine senior executives leaving within eight months definitely means something was going on. that's why my colleague and i began investigating. caroline: the something that's going on, give us a flavor of

some of the behavior. you revealed something in particular. lizette: based on interviews we did with more than two dozen former employees, investors business partners, and , the like, it seems there is a pattern of firing employees right before they vest some of their shares. these are people who reach a certain point, who have been there long enough, that are entitled to purchase some of their options, and these people wound up on what was referred to as this list, they talk -- called it case loosely and somewhat improbably, "schindler's list." caroline: some of his behavior , making fun of overweight colleagues. some of the behavior came to the

attention of a key investor in the company. perhaps not pushing hard enough. andreessen horowitz holds a big stake. lizette: this company was last valued privately over a year ago at $3.5 billion, so this is not a small company. these are not small stakes on the table. some of the behaviors he engaged in according to our reporting included publicly belittling employees for being overweight, for being stupid, spreading rumors, saying awful things in front of other employees about sexual promiscuity and drug use. caroline: does not strike you as the ceo of a business that could potentially be going public. we will see how that story progresses. amazing reporting on your behalf. i'm sure this story will have some legs to run still. thank you very much indeed,

bloomberg technology's lizette chapman, with a fantastic scoop. i urge you to read it. while we are on the topic of big tech startups having meltdowns, uber, there is a new report that talks about a so-called "hell" program designed to subvert lyft. david kirkpatrick, give us your reaction. i know you have been taking to the internet. david: i have to say i have been shocked by the repeated revelations about uber and the information in particular has done spectacularly good reporting in recent weeks. unfortunately every time they , pull out the magnifying glass, they find something else unpleasant under the lens. this time, it really looks like uber has engaged in illegal industrial espionage against lyft where they were trying to manipulate drivers by pretending to be lyft customers and getting more information than they

really should have had, then correlating it in sort of impressive database fashion, but really in a way that is scary, if you look at what it means for companies that are all algorithmic. which is how they operate. but also really just unethical. it's one more unethical thing about uber that i think -- and probably illegal thing. this stuff has got to stop. with relation to your previous story, it's a transparent age. people are going to get foundi'g about uber that i think -- and out. you can't act badly. caroline: we will see how lyft responds. david kirkpatrick has responded already, techonomy ceo and guest host for the hour. thank you so much. more from our exclusive and wide-ranging interview with lisa jackson coming up. this is bloomberg. ♪ caroline: more on our top

story. apple announcing three of its suppliers are committed to using only solar energy to make components for the company. but their efforts do not stop there. apple is pushing towards its goal for all facilities to be 100% renewable. in an exclusive interview, david gura spoke to lisa jackson. he asked her where apple stands now with their goal. lisa: we are announcing very soon that we are at 96% renewable worldwide, and we are at 100% renewable in the united states and 23 other countries. so, we are feeling pretty good. 96%, a lot of people would say let's stop, but tim cook made it really clear we are not going to stop until we are 100% renewable everywhere. i think the really cool part of that is we look at our carbon footprint as so much more than just our offices, data centers,

stores, even distribution centers. all of that is included in the 96%, but now we are moving on to our supply chain. these are companies we don't own. they are partners of ours. we certainly work really closely with them. we are now at seven members of our supply chain who have committed to making their apple operations 100% renewable, too. david: how do you quantify how much electricity a company like apple uses? how do explain the quantity of power this company needs? lisa: we looked at it -- for apple itself, i think we looked at it and said our carbon footprint is 38 million metric tons per year. that's more than some small countries. if you look at it in the world, it is less than 0.1% per day of what the world does. one of the things we also say is you can't change the world and deal with climate change if all you do is make yourself green.

so, apple is about innovation. apple is about being the first to something. when we find something, now the idea is how can we help our suppliers get green? how can we help our customers feel good about the clean energy that they may be able to access and that we are accessing on their behalf for stuff like or youme -- facetime send an imessage, knowing that is running through a data center that is running on clean energy? how do we make that connection for people? it doesn't sound like we are huge, except 38 million metric tons is nothing to sneeze at. david: i remember touring a data center in western north carolina, it used to be a furniture-making town. they put data centers there. because of the infrastructure, they needed access to water that the furniture factories had to electricity. it struck me how much energy i data center consumes. you can talk about using renewable energy to supply those data centers. when it comes to efficiency, are we getting more efficient data centers, or is that a really high hurdle?

lisa: i think a lot of companies, including apple, have been saying we will do this. thousands of computer servers and makes up the data center. it there is a futuristic high that you get to go inside one. we need to make sure that as we move society to this very virtual world, data-driven world, big data, all these terms we all hear and that everyone is investing in, let's do it in a way that means we are moving toward cleaner energy, not traditional brown power. yeah, it is a lot of energy. yes, it's 24/7. you can't have it go down. reliability and consistency of the power supply is incredibly important. it makes it a complex challenge, but one which a lot of companies are starting to follow apple's lead and say, hey, we want to get to 100% renewable, too. david: how much of your job is

evangelizing for renewable energy or more efficient machines? how do you make that case to customers that it is in their interest broadly speaking to adopt machines that are more efficient? lisa: customers care about how long their battery lasts. think about efficiency in those terms. part of what we do at apple is it should just work. it should be this wonderful experience that delights you and makes you happy. part of that for us is if the , battery lasts longer and the machine is more efficient on a single charge, it costs you less money to charge it. those are all points that we make. every one of our products, there is an energy star rating for that product. we want to be the highest level of efficiency. we want to be energy star. same with epeat, which measures how recyclable. we want to be epeat gold. we make the argument to the customer on the things the customer cares about, including the environment.

customers care about the environment but what they want to know is that the really smart people at apple are thinking about how to do it for them, make it better, make it more accessible. next week, we will be telling some of our stories for earth week to hopefully make that connection to the customer and the hard work we do and innovation we do to make clean energy and environment sort of part of their everyday life. david: you mentioned tim cook. your boss has bought into this, it is important to him in the company. what do you say to the skeptical investor who wonders why apple is putting so much energy into these issues? lisa: apple is doing it because it is the right thing to do first and foremost. , if tim was here, he would say we do what's right. it's one of our values to leave the world better than we found it. he has said that many times. but also we challenge ourselves to make it something that is sustainable also economically. we are not trying to cost the investor money. we are trying to show a return as much as possible on these investments.

last year -- i think it was last february, we put out a green bond to allow people who wanted to invest in corporate bonds to invest in us, and they loved it. it was subscribed to really quickly. we put out our first annual report 1.5 billion, the largest , corporate green bond in the u.s. people trust apple to spend money like we say we will. we believe it yields a return. that's good business. that's what this is all about. you don't have to choose between good business and a good environment. caroline: that was apple vp of environment policy and social initiatives, we said jackson. speaking of apple, capital markets told investors that a megamerger of apple and disney, while unlikely, would make sense strategically for the iphone maker. the analyst behind the call going to me to back up his reasoning. >> apple has been extremely focused on growing their

services businesses. they have talked extensively about increasing their content portfolio. they talked about the ability to do deals. size is a factor for them. there is a potential that could apple make a big play in media. disney would make a ton of sense for them. caroline: coming up, we go inside the facility where state-of-the-art bomb disposal robots are assembled and find out why these devices will always need human help. this is bloomberg. ♪ caroline: defusing a bomb is

categorized as one of the most dangerous jobs to have, but now u.s. bomb squads have some help. and --achines can ss assess and defuse.

bloomberg has the story. >> you want me to tell you what we do specifically? ok. we blow up bombs. [laughter] >> after 9/11, there was a push from the federal government for bomb squads to obtain robots. we use it about one time to two times per month. it gives us as officers the ability to not approach something that we think may contain explosives. >> so, let's go to that video of authorities sending out that robot to investigate the suspicious item. it appeared to be some sort of jacket. a member of the bomb squad moving in. obviously, it all ends well. everyone is safe. >> there are 466 bomb squads in the united states that operate a robot like this. here in sacramento, the california highway patrol is showing me out their robot can perform missions controlled remotely by fiber-optic cable or by wireless. this particular model has three cameras and a two way radio.

an operator can remotely control it as it climb stairs, opens doors, picks up and removes suspicious packages, and blows them up. the robots, which costs about $200,000 each, are only sold to the military and law enforcement. most u.s. bomb squads own one of these, manufactured by one of the largest military contractors in the country, northrop grumman. i visited their headquarters in tennessee, where the robots are built by hand, customized, and tested. >> fire in the hole! >> the products that we make and sell -- we are very proud of them. they do a good thing. they save people's lives. >> they have sold more than 2000 of these robots. with so many bomb squads in the united states opening -- owning

them they show up in the news , almost every night. >> back now from dallas, where police ended the deadly siege on the city last night by using a robot with a bomb. >> dallas police department turn to overseas battlefield tactics to take out the gunman. >> the dallas incident is important because it was the first time that a robot was used to take the life of someone posing a danger to the public. northrop grumman does not comment on incidents involving its robots, but what they and those who operate them are very clear on is that this kind of robot is not getting the ability to think for itself anytime soon. >> you need that human element to decide what's safe, what's not. how do we do this? what are the ramifications if we take this route of action? what's going to happen? currently, with the current technologies in our robot, i just don't see it being automated to the point where you send it down range, it handles your package, and comes back, and everybody is safe. caroline: that does it for this edition of "bloomberg technology." tomorrow, a public holiday.

coming up on monday, facebook's developer conference kicks off. we will be speaking with ime archibong. this is bloomberg. ♪

♪ >> welcome to the best of "bloomberg markets: middle east ." the major stories driving headlines this week -- geopolitical tensions dominated markets as president trump sends what he calls an armada to the coast of the north korean peninsula. russia warns that relations are dangerously low. opec cuts continue to swing with a force that the saudis may back an extension of the curb. a