not lived up to. he spoke about reforms today during a meeting with ambassadors and members of the un's security council. he also told ambassadors scattered at the meeting that the time to deal with a potentially armed north korea is now. -- a potentially nuclear armed north korea is now. treasury secretary steven announced sanctions today on syria at the daily white house briefing. top white house and administration officials, including gary cohn and secretary mnuchin, gathered on capitol hill. tomorrow, they plan to lay out details for their tax reform plan. beforep comes one day president trump announces his ideas for changes to the u.s. tax code. former president obama made his first public appearance since

leaving office. he talked to students about being a community organizer and how that laid the foundation for his political career. chicago, where his presidential library is planned. i am alisa parenti, and this is bloomberg. caroline: i am caroline hyde, and this is bloomberg technology. break down first-quarter numbers and a roadmap for the .ear plus, the $3 million package dragged under the spotlight. red over theseeing way big blue calculates ceo pay. paige's flying

car prepares to take off. a relief rally in global equities made its way all the backo the nasdaq, climbing toward a high. abigail doolittle joins us from new york. what a day. markets. tell us about the wrap up? whatsk on really describes we saw today. full rally mode. and nasdaq all0 finished higher, each having its best day since august 1. they are now at levels that are the best since the middle of march and yet another record high. lots of bullish activity. the question is can this last? let's pop into the bloomberg and

take a look at the nasdaq. this is a one-year chart of the nasdaq, and today's record high came on a big gap to the upside. filled withally frenzied trading activity and a lot of emotion on the part of investors. they typically tend to fill, whether on the downside or the upside. could see the nasdaq dropped down. all the gaps over the last year have filled, with the exception of the one in the aqua box. massive uncertainty, not a lot of information on the part of investors, and the wider the swings that, typically, it tends to break to the downside. let's return to the bullish activity we had behind those gains. all of the big tech names

including apple, microsoft, face book, alphabet, tend to react bigger to the kind of macro events we are seeing today. will is tellis a on what could be ahead for quarterly reports. caroline: tell us about microsoft and alphabet. is there much of a push on their stocks? theail: this is a chart on bloomberg. there was a great article pointing out that the call volume today on microsoft is well above the 20 day moving average. call volumee have spiking higher today. in blue we have put volume. despite the fact that volume for both sides of the equation is spiking today, look at the white area box in.

relative to expectations going into that report, this is going to be relatively small. another big winner on the day, xilinx, the chipset -- chip stock. their suisse updated rating on the stock to outperform. lastly, the chip factor, if we hop back into the bloomberg, g #btv. lastip down over the couple of weeks below the 50 day moving average. but back above it. it will be interesting to see whether chip stocks can hang on this traction. perhaps there could be some sort reverse cell. time will tell. >> thank you, abigail doolittle, live from new york for us.

meantime, amazon shares edging up today. pricelysts raised targets. both project the stocks to jump over $1000, that's jumping more than double digits. this comes as a slew of tech companies are getting set to release quarterly earnings. intel,t, microsoft, apple. break it all down for us. i'm going to start with amazon. analyst.n i am looking at the price target almost aboveeping $1000. by,ty of green, meaning yellow meaning hold, not one cell. -- sell.

>> cloud momentum continues. demand is strong. profit margins are healthy. on the retail side, the market demand is strong, but more amazon's the filament is on fire. they have grown their sellers 70%.0% -- by they sell directly to prime members. prime members get more selection, and the story continues. downside iss have a on the cost side because it puts the near-term cost pressure on the company. the growth trajectory is strong. volatility that we are used to with amazon that is not going away. of the raised expectations of this seem to be on the amount they continue to spend.

i am digging into the cloud. we have microsoft and alphabet this week as well. estimates looking forward to microsoft. for thellion expecting fiscal third quarter. how much of that is based on cloud euphoria? >> is all about that. microsoft and google and the growth they have seen in that segment, it is that the showing market was bigger than what it was and bigger for everyone to play here -- and big enough for everyone to play here. you mentioned we should look at other areas of growth. of revenueng 11%

made up from other revenues. for google, that's about $10 billion in fiscal year 2016. how much does google thing cloud could become the most important sector? could be evenit bigger than the advertising business long term. if you look at the momentum we have seen in the last couple of growth it shows this could continue. it could shift investment focus of google in a big way. , storage is not just about strong mobile advertising which continues to maintain momentum, but now there is a revenue stream growing at a healthy clip. is a big customer. they have to diversify. the strategy of customers trying to diversify and spending on

different cloud services is positive for microsoft, amazon, and google. looking at social media, we have twitter coming up. that's not an overly excited expectation for the week. near record lows for twitter. >> if you look at expectations, it's a 14% revenue decline, the lowest it has ever been. twitter needs to show stabilization in user growth. our advertisers defect in from the platform? is the competition coming from snapchat and instagram? is that helping revenue growth maintain position or is this going to be a downhill batter -- ?ownhill battle

expectations are very low as it is, so if they cannot meet expectations, that would give you a signal that they are not able to convince advertisers. caroline: $508 million expecting. fiscal one has not been looking too pretty for twitter. thank you. great conversation. from bloomberg intelligence, now, a story we are watching, delivery hero is weighing an initial public offering as it seeks to field growth of rising demand. connects restaurants to people. delivering food. and telefonica is considering an ipo for its 02 unit. , the flying car is

preparing to take flight sooner than you think. more on that story next. this is bloomberg. ♪ ♪

caroline: silicon valley has been talking about developing flying cars for decades with little progress. famously said we wanted flying cars, instead we got 140 characters. larry page is testing a flying car in northern california. we caught up with rob stone in los angeles and asked him why larry page is interested in flying vehicles.

a littlecompanies are bit of a myth around silicon valley. today, they kind of come out into the open with a story in the new york times. a company called kitty hawk -- you should look at the video if -- shows anseen it aircraft hovering over water that looks like a device from star wars. , thescience fiction dream idea of a personal aircraft that we could use to commute to work, is one step closer to real. page and larry sebastian from google are working together on kitty hawk. >> there are a couple of important things in the article. this is a single person vehicle. it does not conform to the dream had am people and companies

that these could be flying, autonomous taxis to take us to and from work. this looks more like a recreational vehicle. so many technological and regulatory hurdles to pass before these things come to market. the article says they want to start selling these devices by the end of the year. want to allow people to sign up and get a discount early. they are going to start talking testing itrnment and in the open. they need to be public. caroline: we have a three-day summit about to launch. uber.driven by they are also trying to talk to regulators, thinkers, people looking at the opportunities for flying vehicles. >> right. has itst think uber

hands full with driverless ca challenges. they say they want to be a facilitator, that they are not necessarily trying to create the aircraft themselves. we will see. they are getting our conversation going so you start to familiarize yourself with what some of the challenges will be in bringing this concept to the world. no one is inherently comfortable large, 100ea of pound aircraft flying right over their homes. there's going to be a ways to go to get people comfortable with it. have thiswe not only elevates summit coming, we have the geneva motor for him. this is where europe gets in. airbus, the huge engine and

aircraft maker is also looking at these flying vehicles with take off and landing. that.aw they showed off a cool design concept. a classict like version of a flying car. you can drive it as a car. the wings pop-out and it becomes a flying vehicle. very much in the prototype stage. show that these companies see this as the future and are working on it. your piece mentioned from about a year ago when you are blowing up in the first thought of this and larry page's inclination toward this type of technology. unit?at about the other this is, right, well part and parcel of the same company funded by larry page.

aero has been around longer. the record state back to -- to 2010.ate back i presume they are working on a multi-passenger, taxi model. hybrid fleet vehicle, something you summon in an .ber-like way we don't know though. they are operating in the shadows as so many of the companies are. perhaps we will learn more about this effort seeing. caroline: brad stone. great to have him join us. , she is one of the highest-paid executives in tech and her actual pay may be much higher than what is reported. we will discuss.

you can find us on tv on the bloomberg. you can watch us live and see previous interviews of our coverage from around the globe. the conversation by sending us instant messages during our shows. check it out at tv . this is bloomberg. ♪

caroline: nasa astronaut peggy whitson has set a new record. she officially set the u.s. record for most cumulative days in space. to mark her accomplishment, president trump offered his congratulations from the oval office. feat, itimpressive does fall short of the world record of days in space, which is held by a russian cosmonaut who spent 879 days in orbit.

do not miss our in-flight interview with aggie whitson -- with peggy. now, ibm's ceo pay package is up for debate. remember, big blue has had five years of falling revenue. the estimate by proxy advisors actualomberg is that compensation may be understated by as much as half. our reporter joins us from new york. fascinating reporting. $60 million. is that how much she could actually be getting? to $50 million, but still quite a hefty premium over the 32 point 7 million dollars

ibm reported last month. we ran the numbers, and for these options, we got a much higher value than ibm god. ibm agreed with us and said these are worth closer to $29 million. caroline: i am looking at pay go on the bloomberg function. she is one of the top earners already. currently. number six in the previous year. very highly paid when it comes down to it. we could see shareholders get angered by this, feeling she is overpaid when you look at what she is actually bringing back. >> ibm is in an interesting situation. for the first four years of her 10 year revenue has been sliding. 20 straight quarters. -- first four years of her tenure, revenue has been sliding. 20 straight quarters.

you would imagine there have been conversations in the boardroom about how are we going to sell this to shareholders? her payee is going to look higher even though shares have gone down. caroline: how realistic could there be a significant shareholder revolt tomorrow? >> it will be interesting to see. ibm has had, historically, more than 99.3% approval for the past five or six years. now both proxy advisory firms have come out and recommended that client's vote against this pay plan. that's pretty significant. theirch shows recommendation tends to sway 25%-40% of votes. if you have heavy hitters their recommendation tends to sway 25%-40% vote against this plan, this could be a pretty ugly result friday end

tomorrow. heavy hittersty they have on the list. thank you for joining us. coming up, softbank is making it -- making another bet, this time in the united kingdom. this is bloomberg. ♪

alisa: you are watching bloomberg technology. let's start with the check of your first word news. a senior u.s. military official says russia provides weapons to the taliban for potential use

against u.s. backed forces. russia has denied it but jim maddox says they will confront moscow. afterrip istu a defense secretary resigns. france, and alliance of convenience plant to keep far right candidate marine le pen from the presidency. support also poured in from the eu, which is troubled by marine view.'s the far right candidate says she is temporarily stepping down as leader of the national front party. formove seems to be a way her to embrace a wider range of voters before the runoff. weeks of protest and unrest in

venezuela has claimed another victim. a woman died on sunday after being hit in the head with a frozen water bottle. global news, 24 hours a day, powered by more than 2600 journalists in more than 120 countries. i am a alisa parenti. this is bloomberg, just after 5:30 monday in new york. already tuesday morning, 7:30 in sydney. i'm joined by paul allen with a look at the markets. good morning. paul: good morning. -- tradingaustralian in australia and new zealand closed today for anzac day. futures out of singapore, weaker. the market waiting on ppi services numbers for march. a slight contraction, 2.7% year

on year. meanwhile, the people's bank of china deputy leader has been speaking at bloomberg headquarters in new york. capitalthat bare-bones outflow is stabilizing the country will look at opening up emerging markets. funny of earnings across the region, particularly out of china. corp. and citibank also reported today. that is just some of what we are watching around the region. more from bloomberg technology next. ♪ this is bloomberg technology. i'm caroline hyde.

softbank close to making the next big investment. that is according to people familiar with the matter. investment is part of softbank's founder's vision to establish the company at the forefront of the technology sector. visione finalizing the funds with backers including apple and saudi arabia. joining us now to discuss from new york, bloomberg technology's selena wagner. talk to us about this start up. softbank seen as improbable? >> this company started with a robot driven and world. they basically make computer software that allows developers to make hyperrealistic virtual worlds. a lot of gaming companies are

capitalizing on this. you can also imagine a lot of real-world applications for this. for instance, visualizing a future of a tottenham's cars. they also recently worked with the u.k. government to make assimilation of the entire internet. it has also been growing very quickly. it opened a san francisco office. that not surprising at all there is interest in this start up. ofoline: paint a picture price. i'm thinking of sprint here in the united states. all sorts of manners of investment. >> definitely p.a.d. has a solid stated thesis of a future of singularity, computers taking over human intelligence. we have a number of investments that fit into that vision. a satellite company invested in

the united states, trying to bring internet to more underdeveloped areas. he also has a slew of investments that make it a little more surprising. it has grown extremely rapidly to people looking for temporary workspace. that is a business that does startupshe growth of and tech. he also invested in social finance, a startup in the u.s. another investment includes fortress investment group, which is also a big surprise. spread hesuch a really has. you just going to the end -- bend you while i am here. i know you have put out great reporting on another company that you cover. it is square.

it is very interesting. >> definitely. this is a story that tells the ark of the rapid rise of silicon valley and how they can crash just as fast. anonymous of made an social networking community, that really went off on college campuses. $400se to evaluation of million with backing of the hottest silicon valley startup firms. it sold for less than $3 million. it is not the actual company. they are really interested in the engineers that built the technologies at your cap -- yik yak. caroline: it is fascinating because it seems that they would fit better with twitter, rather

than square. do we know the -- what square is looking to build up with this acquisition to the portfolio? products, while very innovative, came under fire. there were lots of incidents of threats, harassment, racism appearing on this platform. there was pushback from groups trying to ban this on campuses across the country. this obviously has a very talented engineering team that square wants to take advantage of as they move into loans, food of the really, and software services. caroline: great reporting. thank you very much indeed for joining us. now, amazon may be driving into driverless cars.

the tech giant reportedly formed a team dedicated to technologies well beyond the realm of cars. at least 12 employees work assigned to the group a year ago . this is not the first time we have heard amazon may make a play in the autonomous driving sector. amazon was approved for a patent for a broadway management system self driving vehicles find the best lane for their needs. self driving vehicles find the best lane for their needs. increase its so-called destination charges. they're looking at at hotels and restaurants. the company chance to make 500,000 electric vehicles next year, up from 76,000 just one

year ago. is done a how. is this really significant for electric charges? >> i think one of the day questions for consumers who may be interested on a mild three is where will i charge this, particularly if i live in san francisco and an apartment. having a network of charges makes it easier for people considering to buy them, particularly because it will become so ubiquitous. there is a map that shows how much they will be increased. red is where they already exist. gray is coming soon. cities seems to be where it is at. >> by a large, the people who have reserved the model three tend to skew young and urban. they do not necessarily own their homes, so they cannot do a home charger in the garage. while the network was largely on highways, i think they are

becoming more dense, and they want to make it easier for people to charge without thinking about it. to beto be able to charge in thy center, if you are there for a meeting. charges are fascinating. they are located at hotels, wineries. there is one at yosemite at a hotel. i think what tesla has discovered is their consumer base really likes to drive. they like to do long trips to earth's most beautiful places. one of the challenges, if i go to yosemite, or yellowstone, will i be able to charge when i get there. if they charge as an amenity, it is a way to get tesla customers in the door. it does seem to be

experiential. i was just in napa and they had so many there with different restaurants. i'm interested by the focus on the united states here. really, at the moment, that seems to be the hottest place that tesla sells. >> i think that makes sense. tesla has said that when the model three comes out, they will begin deliveries in the u.s. and then go abroad. they are adding charging with expect to begin the deliveries first. to be clear, there are supercharges around the world as .ell as destination chargers people look at the map of china, and there are a fascinating number of chargers there as well. caroline: thank you for coming on and explaining all of it to us. coming up, t-mobile out with earnings. with the ceo next. this is bloomberg. ♪

aroline: now, t-mobile has high bar and cleared it again, to get more subscribers to gain ground against rivals. the u.s. carriers signed more in the first quarter, showing serious growth. we are joined now by the t-mobile president and ceo, john .edger great to have you on bloomberg technology. tell us about the numbers. we are at double-digit revenue growth. perhaps private -- profit not increasing at the same rate as revenue. will it start to? >> let's be clear, our four year old birthday is on may 1. since we became a public company. 16 quarters and a row, we have

added more than one million customers. highly consistent. be added 1.1 4 million new additions. 798,000 of those were postpaid phone subscribers. here is the piece that is interesting. we estimate that we took over 250% of all of the growth in the industry this quarter. a gigantic percept church -- percentage of gains. lowwe turned at a record number. service revenue grew 11%. you have to remember that that is an industry where no other carrier grows service revenue at all and has that for several years. we are thrilled with the announcement of the earnings today along with the gigantic win in the specter -- spectrum option.

caroline: talk to us about the $8 million you are flashing on spectrum. how will it be put to work? >> it was historic low band spectrum option. it was a one-year long process. all the spectrum in the option. we got 31 megahertz of low band spectrum and increased our overall spectrum holdings by 31%. we now have three times as much low band spectrum per postpaid customer as verizon does. .t was important for us the spectrum we got covers every inch of the united states and puerto rico. it is the beachfront spectrum and goes to beachfront rural areas. 's will take the competition

hit every inch. it is historic and very exciting for us. caroline: doesn't make you even more valuable, do you think? we have to talk about consolidation. seeanuary, you said you 2017 as the year of consolidation. the anti-collusion period ends on the 27, at 6:00. i cannot comment specifically. there are great opportunities for wireless players and adjacent energies to come together and serve customers in a better way. number two, no one has been able to talk to one another for over one year. number three, there is an expectation that a new initiation will be more lenient from a regulatory standpoint. people who admit

they need to do something. opportunity the to grow, but also, on behalf of our shareholders and customers will be interesting and looking at the opportunities that we might further accelerate the growth and serve customers better. caroline: do you think you could serve customers and shareholders better with a horizontal deal? would it be better to team with other mobile subscribers or is it better to get into content? >> yes, yes, yes. i have often said that what is summarizes ally content will go to the internet and all in that will be viewed where, and can be viewed things are going. byobile could be strong itself and continue to grow. we could consolidate with another wireless player, and bring competition even further. we could come from a standpoint

of convergence overtime. remember, when all content goes to the internet and the internet is skewed mobile, we have 73 million who get their monthly access to internet and content from t-mobile. i think there will be fostered -- fascinating things happening. most important, we are strong, profitable. our trading was at an all-time high today. we feel good about our options. about futuret profitability. what about sort of competition. you have done so much to disrupt in a field of four. they are copying you. how would you say that your average revenue per user will remain stable. you will keep on adding more users. >> because we are the

competition. you say they are following. we are dragging them kicking and screaming on behalf of the consumer. four years ago went t-mobile became a public company, we announced that we are going to fix a stupid, broken, arrogant company on behalf of consumers. theso would point out that moves we have done our industry changes, permit, and their more coming, so much more to do. we want the industry to grow and change. change touch more come. now, competitors know it and they are struggling to keep up with us. love going back over your 2017 predictions. one of them was verizon will consider a merger with comcast. a lot.d google learned your cook greek show, you say you will get one million people

watching you. how is it going? is theooking show easiest of all. i'm getting about three quarter of a million people per week. i have as many people to stop me to speak about my cooking show as they do wireless customers. it is possible that the two most in the world get together. we will have to see. it is all in good fun. there is an underlying reality to each of these things. caroline: we will be keeping an eye on the predictions. a joy to have you on. thank you very much indeed. now, a story we are watching out of asia. sony shares jumping the most in three months. to, analysts expect profit reach the highest level since

1998. coming up, retail suffering from the rise in e-commerce but one company brings in high-tech features to improve the in-store experience. details ahead. ♪

caroline: now, with connected close rails and smart mirrors, a retailer believed they had created the store of the future. they hope to help retail brands to game more information from customers. bloomberg went to see a sneak peek of what is in store. >> this concept store features the latest in retail tech. >> how do you capture>> all of the fantastic information that you gather in store when customers touch and feel

products. we created a concept called the connective rail. this includes technology of rf id and ultrasound. take the product off and you start to see your product appear. a sensing is like online browsing. which other products you touch in the store are automatically censored. what you create is essentially your in-store wishlist. in the middle, you will see essentially a hologram of the product. customers can take control of the experience. what this allows customers to do is take elements of the product and at their own style to them. this is a connective mirror.

i see my products, select the code, and can try it and slightly tweak it for me. you will also see we have some product recommendations here. the sales space is able to push items into the mirror. want, you can simply touch the mere, pay, and go. caroline: shopping now, a little too easy. that does it for this edition of bloomberg technology. this is bloomberg. ♪

announcer: from our studios in new york city, this is charlie rose. the ceo of microsoft announced another project this week. usa fax.s launching it is a competence of data platform that tracks government spending and performance. i sat down with him on tuesday about his career and the new venture. let me start back where you were. when you had the question that you wanted to answer, how is government