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tv   Bloomberg Technology  Bloomberg  June 15, 2017 5:00pm-6:01pm EDT

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scalise remains hospitalized in critical condition after yesterday's shooting. he was hit in the hip and is said to have sustained serious injury. the shooter, 66 or older hodgkinson from illinois, was -- 66-year-olde james hodgkinson from illinois, was killed by police. and lawmakers are saying that the fresh sanctions on russia's -- russia are in response to the meddling in the direction and iran's missile program. they also voted to add nonbinding language bowing for reyes is nosean longer being considered to be the federal trade commission, according to dante people -- to two people layer with the matter -- familiar with the matter. the journey of bill cosby's to -- sexual assault trial is deadlocked after deliberations
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over a four-day stretch. he is being convicted of allegedly drugging and raping a woman in 2004 -- molesting a woman 2004. finally released from north korea, currently is in a coma. -- i'm only suffering key, and this is bloomberg. -- andce suffering key this is bloomberg. ♪ >> i'm emily chang, and this is bloomberg technology. coming up next, a dragging on the nasdaq for another consecutive trading day. we will break down all the action. at a $9azon flat billion message, the biggest acquisition to date for the world's largest online retailer. a tech jobs bonanza unfolds
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in the u.k., but the workforce cannot seem to keep up. why filling these jobs with the right talent is still a struggle. but tech stocks started today ater and made up some losses the close, but it marked the fourth at five days that the nasdaq has finished lower. turning to the recent selloff, abigail doolittle from new york. abigail, give us a rundown? techil: we did have dipping down sharply, down more 1%, and point sent -- we saw the loss is really being paired. even so, the nasdaq finished down when 5% -- .5%, but we saw a little bit of that mentality overall. to your point about the last five days, the s&p 500 tech index is down more than 3.5%, the worst five-day stretch, emily, since the brexit last year. are selling, a lot of big names participating, like apple,
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amazon, facebook, and outlet -- alphabet, which had a fair, unusual downgrade. what is probably a plays whether these highflying stocks deserved to be highflying? that is true in the tech space. the of the chip index up sharply over the past year, more than 55%, lots of big valuation there. a lot of guys on the street have been wondering that sector -- when that sector will come back down to earth, happening now with some groups like ag, macron, and other groups giving back to that. even the losses were paired at the end of the day, this is still going up a little bit. emily: let's talk to -- about snap, now back up to the ipo price. what is your take? abigail: i think that is a very big sign of the tides -- times. that hot ipo went off not too far ago, and today, in the
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middle of this selloff, and even as we have seen those losses being paired, it hits that $17 ipo price, a really -- real round trip there. and investors aren't certain -- do they want to take on this kind of risk for the possibility of an a continued -- a continued move higher, it's still abandoning all the babies with the bathwater there with snap there, at least. emily: and let's take a look at the chips sector coming back down to earth. abigail: valuations is the big play, one point on a trailing basis. the s&p 500 is closer to 20 times, some people are wondering how long can this sector continued to fly? and we have really seen a big reversal. we started last week with a piece of this. it is not bearish on nvidia, but ais stock of more than 200%, real rocket ride. we need to visit a little more to see the rate company, but it
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has gone too far, too fast, and along with the goldman sachs note, we saw that sector common -- calm in and is -- calm in -- come in and taking a lot of those big names with it. so even the -- though we have these big names falling in the year, the nasdaq and s&p 500 are still up slightly. so it will be interesting to see if this will continue or if tech continues the selloff. doolittle with the roundup for us. and with a broader perspective on that tech landscape, we are joined by the partner of lead edge capital, with $1 billion in capital under management. lead edge investments include .libaba, your -- and uber what are some of the downs we have seen a tech over the past few days? long-term a very view, emily, thank you for having me on. you have seen dips and ebbs and
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stillin its, and we believe there is a huge opportunity for alibaba. , athink this is a very good 400, $500 -- $400, $500 stock in a decade, and maybe compounding it 20% -- 24%, which is to howting and similar amazon compounded revenue over the past year. >> when you look at valuations and the private and public markets, do you think they are justified? i think they are justified? yes, in many cases, but in some cases they are many expensive. there was a selloff in early 2015, a lot of software space, stuff came down, but the reality is there is too much money chasing too few, great, companies. and if you are growing super fast, you can come out of a very premium valuation. in terms of public stock, stuff cheap.nitely not
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there is a class of companies that are cheap, but they are garbage companies. that people are willing to pay out for growth, and a zero interest environment, where do you have to go? you think this would impact trading? >> i had lunch with a friend and we were talking about the we cannot believe there is not an ipo every other day because the market cannot get any better than it really is today. it is incredible that there is not more. there are a couple of companies about to start, they have filed, they usually indicate they are about to go out, like pantry, , butetrium -- blue apron it surprises us there is not more activity. emily: on the delivery of this subject, do you see a difference in european versus u.s. valuations? >> we do. there is less capital in europe to look at all these
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opportunities. we think there is another interesting thing, in that we are encouraging more of our european companies to go public in europe, because there is an interesting phenomenon. there is very little growth effectively in europe, in the theic markets, you have frankfurt exchange, the london exchange, the exchange in and out of amsterdam. if you look at some of the companies like just east -- company,or this public a lot of these european tensions and sovereign funds have to invest in european equities, so we are actually encouraging these public -- companies to go public in europe. emily: you have uber at a $40 billion -- 40 billion -- $40 billion valuation. so what do you think about travis taking a leave of absence from the company and the
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cultural challenges they are now facing? toi think it is important address leave of absence. a horribletravis has time right now, his mom passed away and his dad is in the hospital. i think a lot of the leave of absence as a result of that. travis,ig believers in in founders remaining at companies, like bill gates of microsoft, larry ellison oracle -- larry ellison oracle -- in we believe that founders should be at the company. we believe that travis is a visionary. he has had a service that people around the world cannot live without. -- fromant to go to point a to point b, get there fast, and there are huge upsides there. that weo you believe
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were will sustain its valuation? there is concern that the brand has taken a huge -- uber will sustain its valuation? there is a concern that the brand has taken a turn down. >> they released to the press some of their numbers. the q1 numbers were very strong, and this all started with the importunate -- unfortunate news about potential harassment, which is horrible. tois horrible, they need make changes, and it is great to see the board making changes. i think they will continue to make more, and i think they are continuing to bring in world-class people. david richter, he will be the number two guy there, we have heard from numerous people that he is absolutely phenomenal, and we believe in management and the board. emily: you are also an investor in alibaba. we are reporting now that jack the $1.5rticipate in billion investment of the
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company grab, which is the ridesharing company and one of uber's competitors in south india. how do you feel about that? >> that is fine. they invested in lift a few years ago, and a lot of people give them grief about some of their investments, but i think severalested in lyft years ago and will do quite well. we think that southeast asia, in the ridesharing space, is a huge -- there is too much capital going into it right now. we are up, also after looking at grab, as we speak. we think that the market opportunities are a norm is there, and the fact that jack and alibaba are looking at it does not surprises. they want to continue -- surprise us. they want to continue to expand outside of asia. emily: thank you so much for joining us. facebook debuted a new blog today called "hard questions," which will address philosophical
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debates about the role of social media and society. the first post highlighted the fact that the company highlighted over 150 counterterrorism experts and are trying to use new algorithms to try and keep terrorists from using the social network, the right "although ultimately shirts finds that the radicalization of members and groups like isis and al qaeda primarily occurred off-line, we know that the internet does play a role and we do not want facebook to be used for any terrorist activity whatsoever." coming up, and a newly read a newly relaunched businessweek and apple ceo tim cook takes the front page. we will take a look at what he has to say and more. this is bloomberg. ♪
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♪ price of bitcoin tumbled on thursday, putting the digital currencies since -- on the worst track since january 2013. it has tripled in value this year, but other digital currencies are suffering since digitale hit the currency trading world. just as the business landscape has evolved, so have bloomberg businessweek. relaunched itsg magazine with a whole new look, feel, and editorial direction. this week's cover story features apple ceo tim cook, and we are joined this week by megan murphy. you spoke to cook and sat down with him right after we did on television. i'm curious what your impressions were of mr. cook. megan: as you know, we did the interviews back to back, and i
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think we asked him about some of the things you touched on, like introducing the home pod at have conference, but focused tim cook was on the music capability of that new speaker as opposed to, say, it's internet speed, and ability to infiltrate your home, and i thought it was quite interesting and quite humorous how focused he was on saying that the kids were going to be rocking, it was going to be banging. he was very passionate about owning that specific segment. it ties into so many things about apple, and he said as well, we are not focused on the first sensitivity market, but we are focused on being the best. emily: he also talked about politics, and i felt, very since nearly, that the court on the cover of the magazine's "america is more important than bloody politics. " what did you determine in his
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strategy in dealing with president trump in the industry should? using bloody in the a shorthande, it is for ridiculous politics and that america is worth more. he is very passionate, very element, very genuine on this point. as everyone knows, he has had tremendous differences from the , as far as their policies, administration, lgbt views, and he set on issues where they can find common ground, like jobs, the resurgence of manufacturing in america, how they are going to rescale and upscale the workforce, they need to really drive for innovation in the tech sector not just that apple, but across the country. and in communities that really need new jobs and movement, up the social ladder. ways to haveo find his voice be heard and a positive contribution. he said again, he takes a lot of response ability of the ceo of an american company very
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seriously, and will do his best to try and make an impact along those lines. and work with, not against, the administration. let's talk about your response ability, shepherding bloomberg businessweek into a new era. what is your biggest decision for this relaunch? >> we have done a lot of things with this relaunch. first and foremost, we have theamlined and simple by design of the print magazine to showcase the journalism. we want that to shine through. business week has always been the greatest outlet, consumer outlet for the amazing journalism that you do, that all of our other correspondence and analysts do, and we want to keep that focus. but at the same time, we are relying on digital products to allow us to get to people wherever they are, whenever they are, to consume those products, whether that is on and out, -- app, an investor event, or on tv, like right now.
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we wanted to remain the best in business, finance, technology, and journalism. it is about making it easy for the reader and making it stand out and pop, and making it relevant on ball -- on a daily as well as a weekly basis. ,mily: also a redesigned app definitely worth checking out. megan, think you so much for stopping by. coming up, you can hear more from our businessweek reporters every saturday and sunday on bloomberg television, also on radio. up next, we talk about amazon for the interest in slack, and a potential $9 billion valuation. this is bloomberg. ♪
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emily: this merger has been in the works for quite some time, but the deal could be locked in a serious competition concern rate by the u.s. federal trade commission. the combination of the two fantasy sports companies would give up the company's -- the companies almost more than 80% of the markets. the decision will still fall to the agency's commissioners to vote on. the vote could have it in the next week. an executive and draft kings earlier this month. it has been going great. we have been having regular meetings, getting the chairman introduced and used to working together. i have been surprised in a very positive way at how the team has gelled. and to a bloomberg school, amazon-- exclusive, up thee looking to pick
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messaging startup slack. if this does work outcome, the deal could be the largest acquisition to date for amazon and joining us now is alex barinka. talk to us about what we know. what we know right now is that amazon is that one of at least one other company that has expressed interest in acquiring slack at this point. my colleagues and i broke this story late last night. my colleague has also heard that there is at least one company that is further ahead, that has slack tout pressure on engage in these talks right now, engage in this inbound, and of slack does not they are potentially looking to move slao engage in these on. this is a big sticker price -- $9 billion is where the discussion is happening, circling in terms of this acquisition.
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that is where the play is right now. amazon being the interesting one, because frankly, a lot of folks in the tech industry i spoke with today are feeling out what they feel it out the story -- about the story. this is not the first company that came to their mind. emily: amazon has aws, their own video and audio processing services, so what about slack? >> if you think about their future aims with time, with some of their business goals, it looks twofold. you can look on the actual consumer selling into business side, right yet what there is on -- right? an echo ins s every business, this could integrate into more things with is this, which is subbing amazon has been pushing further into. on the tech side, which is closer on that eight of ux cloud cloud business,
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anything about integration there it would make more sense in terms of the pure play enterprise system and society. if you have folks who are working on an aws software or building applications there, perhaps you have slack as a communication tool that fits in with all of that. we did not and decay any plans for an exit anytime soon. take a listen to what he has to say. >> i think it would be years away from growing at a fair clip, and one of the things that factors in that rate of growth is that in perfect ability -- unpredictability. but they are friendly to companies like ours right now, and there is no need for offering. emily: so does slack want to sell? iis is stuart's baby, but
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have been around this environment for long enough that everybody has a price, and when you think about how quickly this company has fired up and how big of a price tag this is, you would think that a person would be foolhardy to not at least think about it. a great scoop from you guys, thanks so much. coming up, cisco executive chair john chambers says the tech game in france is stronger than ever. we will bring him -- bring his conference from the viva tech conference in paris. this is bloomberg. ♪
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♪ >> this is bloomberg technology. let's start with the first word
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news. formal brexit talks will begin on monday as planned. afterecision was made discussions on monday in brussels. there is a concern that the discussion might be put on hold after theresa may's conservative party lost majority in parliament. president trump is excited to announce tomorrow that he is rolling back parts of -- expected to announce tomorrow that he is rolling back parts of obama's plan to ease tensions up with cuba. and greek creditors agreed to release up to $9 billion in . this ends months of uncertainty -- new loans. this will further push spending cuts imposed by the government. and police issue arrest warrants for secure -- turkish security to a violent altercation last month, when turkey's president erdogan visited washington. security guards and
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attackingpporters protesters. and despite the shooting that critically wounded congressman steve scalise, the annual congressional baseball game is still a go. the first pitch is at seven at.pm time, and this is a live time,t 7:00 p.m. eastern and this is a live look at the field as players are warming up. this is bloomberg. it is just after 5:30 p.m. here in washington. already, 7:30 friday morning in sydney. we are joined by paul allen with a look at the markets. happy friday, paul, and good morning. paul: it is looking like a happy friday on the markets as well. some modest strength with the nikkei futures at the moment, and waiting on the negative japan monetary policy statement, which will come at the this two-day
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policy meeting of the bank of japan, looking out for any clues on inflation outlook there. here in australia, futures are also looking pretty strong, up .4%, and we will be watching bhp personally today and the world's biggest miner and we'll be announcing a new chairman at the close of today. this spiked briefly above 76 $.76 u.s. cents on thursday, but we saw some growth to contend with in australia. iron ore prices are weighing on the currency. i am paul allen in sydney, with bloomberg technology. ♪ emily: this is bloomberg technology, i am emily chang.
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and now, the tax selloff. u.s. -- tech selloff. this slide continued, weighing on the overall market. for further analysis, oliver analyst james wang. using tech is undervalued. where and why? james: facebook is growing the bottom line, it is only 70%. ,t is only priced just under 40 so adjusted for growth is actual peg is .5. the markets are 2.5. -- 20% theone point price of the markets s&p, so that is a bit controversial but i am not afraid to be controversial. you disagree.ver, why? oliver: i think overall, when you take it from a sector or macro level, it is hard to say that tech is not overvalued in the sector. as i jump in to the terminal, i have a chart that is looking at
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the tech index versus various other metrics. the white line is tech, normalize back to a year. it is beating things not only like energy stocks, but their relative value with the s&p, in the bottom panel. though taking down on the bottom panel, that shows what we saw, a bit of a correction. , tech isnk this growth still expensive. though, itpoint takes earnings growth into account, and it is a bit of a different story. if you break down the sectors, there are two or three other sectors in the s&p 500 but have a lower peg, which is a good thing in this game. the point there to be made is if you are looking for growth and you want that earnings growth, people are able to pay up for that, i think. what is impacting the selloff, and what is it have to do with the fed? james: i do not think it has anything to do with the fed. if you put yourself in the shoes
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of elon or jack, i doubt they over 30 seconds in a week about that policy. they are entering a new market of secular growth, and they have a clear strategy that is not dependent on any central banking policy. i think it is not anything to do with the fed. i think it is the optimism going into the market has been on a steady growth directory this year, and it is helping, i think, to have a correction once in a while. the bull market is dying in prefera, and i would that the bull market does not die. let's look at the biggest losers in the selloff -- tesla, snap, apple. snap, you look at tesla, and some of these companies it is not so much what the investors are looking for, but more about the expectations were growth. if you get to some of those highly valued stocks and have a question in the market and what it does to those valuations --
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we will look at the light of competency and say look, we need to take some off the bed of the top line. if you look at these sector-based semiconductor stocks, these are the ones that have been really lacking, like symantec, anb, some of those today were on the downside. all aboutnecessarily valuation. i think a lot of it has been the systematic investing and the low momentum, if you will, that picked up in the past six months or so since the trump trade stopped. it was the trump trade that gave way to momentum trade. sold off.d of got perhaps it is the quantity as well comic of these are companies -- as well, because these companies are looking at their sector models. emily: where do you think they are heading later this year? james: i think it is good to zoom out and look at the broader trend. if you do that, you will see that the growth is actually quite sustained.
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i think some of the core fundamental technologies are actually just getting started, if you think about deep learning and artificial intelligence, we have been having a lot of media on that right now but the core technology is disappearing, and i think that maturity could generate multiple trillions of dollars for the s&p 500. met also exciting area had an interesting selloff is block chain. the crypto space is at a borderline for the right now, and had a more brutal correction today. that technology is also maturing. i think long-term investors really need to look the underlying technology to see were that is, and buy it at a reasonable price. oliver, i am looking at the chart you sent me on the bloomberg. what earnings say in tech. what is going on here? oliver: this fits right into a james was just saying, because i will connect two points, if i will. point is if you are banking on some of this disruptive to move into the more
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mature stages of your lifecycle and start producing earnings, that is what we look at the estimated earnings per share, growth for this year in tech. that is the white line there. you can see how much that has changed in terms of analysts upping their earnings expectations. apart from energy, which is mostly a situation of favorable comparable, tech is pulling in the most earnings growth over to itst year relative sector in the s&p 500. there is a bit of a caveat to because where there are high expectations there is room for error as well. a lot of this will be about whether or not some of these are visions, as the economic data weakens a bit, but at the end of the day, i think you will see investors coming back to them. emily: bloombergs oliver renick and james way, thank you for a hearty debate this afternoon. and coming up next, the uk's showingne is going --
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no signs of slowing down, but we need to keep the party going. that is next on bloomberg. ♪
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emily: france's startup scene is gaining traction against the backdrop of booming investor --
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investments by capital funds. cisco executive chair john chambers joins us from the viva tech conference in paris to show us why he is so optimistic about tech in france. >> i said france would be the next big thing, and everyone in the u.s. said john, france and business does not make sense. i said it would become the start of nation in europe, and people said that does not make sense. they are, they range from an average about 130 companies by being funded by venture capital per year to 200 26, 226, to this year, 486. there is an excitement going on here, which the new president is only amplifying further. people understand how great opportunities are. europe france will leave
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-- lead europe in evolution, and lead europe for the next generation of europe. i think it is going to dramatically, versus 12 months ago, i was very optimistic. >> let's talk about the labor market flexibility. definitely leans more there. the challenges for macron a pretty big. -- are pretty big. as you look at the company, to price like this, how difficult is that with the labor laws and economy that exist? you have to look at his three things. i have the chance to get to know president krohn -- president a cron when he was minister of the economy. when he was minister of the economy.
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i have interviewed him about cisco's commitment to the country. i have had a chance to watch how he is evolving, and if you watch the momentum, it started with the prior government, they are a country that i think will disrupt others. i would beto -- careful to judge france as just a place to have a great vacation and a great dinner, they are up place to have a great business. issues from the labor perspective -- yes. i am optimistic that he will bring the whole country with him, and he is part of the three hotspots in europe. you not -- you would have not only thought the silicon valley area with those startups, one from france, israel, and germany, which can show how fast europe is moving as opposed to u.s. in terms of startups and generations of jobs from those. i'm optimistic about what president maccallum -- mccraw
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will -- macron do. jobs: more than 10% of created in europe this year have been in tech fields. data scienceai and were two of the primary drivers, showing a 136% increase since 2015. still, this will prove tough. the report found that 50 most difficult roles to fill of those 44% were sir -- were in software and tech developers. when he is now is caroline hyde, and this is a lot of uncertainty that businesses are facing, tech thenesses especially, in u.k. right now, given break that in the contest of the economy, yet they are still looking to right, one oute
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of 10 jobs in the you care going to the tech sector, and the financial sector was the sector that the u.k. over depended on for years prior to the financial crisis, so this is a key area of growth. the numbers almost doubled the growth in the past year that we have seen in ai in particular, and that reflects the tread you are seeing cross technology in general, with apple pushing erie, google pushing android, cho, sopushing at go -- ev this is developers and general. hardestlopers are the ones to fill, the more senior ones. more specifically, i think it will be a harder and harder sell as the pound crumbled in value, and suddenly eu work might not come quite so much. arey: what hiring trends you seeing in terms of what jobs they are looking to fill? now it is developers,
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developers, developers, engineers. that is what they are wanting. but now it is adjusting to see are sourcing that talent and abroad. do you need your engineering london,o be based in which is expensive to do, or can philippines,o the lithuania, where they have rich pool of talent, and it is cheap to come by. talent canlk of the be here in the united kingdom and they are headquartered here, but they look to estonia, where they are current owners and founders of the business. so they are looking at talent to come from abroad, and this is also what is slightly worrying. this is where some of the leading lights in u.k. and u.s. technology gather, like david cameron, the x u.k. prime minister, and a lot of people i am talking to are saying that they are worried about eu talent
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currently based in the u.k. wanting to go back home. the pound is falling in value, they worry about what they need to do to regain their visas, and investors are saying you know, it is not such of -- such a problem when you have the u.s. and india to call upon, but i numberech talent is the one priority for these businesses in the u.k.. can they get enough of it here, particularly with the brexit and postelection uncertainty? you so much for giving us that context from london. coming up, the co-owner of this company broadening his visions. why the company is trying for a breakout? and tomorrow, bloomberg real yield will be live from blackrock trading floor, and jonathan ferro sits down with black rock writer jeff rosenberg. in new york,:00
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5:00 in london. this is bloomberg. ♪
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♪ emily: netmarble surge the most in two weeks in seoul. was the biggest surge in seven years and south korea, raising more than $2 billion. we spoke to europe from -- we spoke to them at the e3 conference in l.a.. let's take a listen. this will appear in some populated areas, some younger areas, we will have more capabilities, and also invest in more high peak collaboration, to reach audience more effectively in the united states. the marketing very important. we really want to emphasize that, the marketing comes first. emily: tampa bay lightning owner and chairman to name for himself, tripling clients money
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as they had front manager -- as a hedge fund manager at fidelity . and now he just joined former team owners as the executive chairman of axiomatic, which is where is boards take the place as-- e sports take place multinational tournaments. they spoke to us about the potential for the industry. >> it is a very young industry, and a rapidly growing industry. if you cannot see the revenues of the game publishers, who certainly are in good shape within the industry, you are talking many civilians -- many billions of dollars. there are also opportunities and sponsorship, buying elements etc. the games, media, those are approaching $1 billion or more. if you look at the amount of --ey for that $200 million 200 million, now 300 million
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people worldwide playing e sports, that is about three dollars per participant, so if you look at an nba fan, nhl, nfl, that is 10 times as much. we may not get to that level, but there are multiple upsides from where we are right now in terms of generating revenue in the industry. emily: you are a massive sports fan, the owner of the table bay lightning, -- tampa bay lightening. wondering if you are concerned that this kind of sporting event, and watching other people playing sports, it is like what guitar hero is to playing guitar, it is taking away from sports. it is cannibalizing the real thing. >> i'm not concerned about that. if you actually look at the typical e sports player or visitor or watcher, it is a very different profile and you see in traditional sports. this is generally a market that
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other sports has not been tapping into previously. when we do our research on these people and they are talking about a demographic that is white where you want to be in terms -- right where you want to 20-35 years old, college-educated, and many of these millennials and younger been traditional sports followers. we think both have great outlooks. sports is fantastic and one of the few places these days where you can convene communities and show it on tv and other media .ive that does not exist anywhere else. e sports, you talk to those involved, this thing has legs and it is going places. and obviously, a huge on thisf companies are
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as well, but this is a global industry already. ceo of axiomatic, i should mention, was formerly the coo of mattel, he knows about selling games and toys and .hings for young people how many franchises do you think this market can take? >> thank you for mentioning bruce stein, the ceo of axa that it. he comes from the consumer products in the entertainment and video games industry. in terms of franchise, it is not that simple. there are a number of games, legal legends being one of them -- league of legends being the most popular worldwide right now , and overwatch is doing the same in the u.s.. but it is a whole spectrum out there. this is very early in the east .ports base -- e sports base we think that victor, steve, bruce, and all of our different skills, we think we will able --
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be able to plan the entire ecosystem of these sports. there are different teams, it is being a member of weeks, not involved in the actual structure of leagues, it is media, partnerships, sponsorships, fans, this is wide-open field, and we think axiomatic is positioned with our leadership to take advantage of all aspects of this. emily: that was owner of the tale but lightning -- tampa lightning. for this edition of bloomberg technology. all episodes livestream on twitter, check us out on @bloombertechtv. that's all for now.
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♪ >> from our studios in new york city, this is charlie rose. today's we begin with shooting in alexandria, virginia. the majority with of the house of representatives is in critical condition after a gunman opened fire at a gop congressional baseball practice on wednesday morning. watch her other people have been hospitalized. -- four other people have been hospitalized. the shooter was killed after a shootout with the d.c. capitol police. the president responded afte

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