♪ alisa: i'm alisa parenti in washington and you are watching "bloomberg technology." let's start with a check of your first word news. president trump sent a warning to north korea that threats to the u.s. could be met with "fire and fury." that is after pyongyang said that the u.s. would pay dearly for imposing sanctions. meantime, the post reported today that north korea had developed a miniaturized nuclear warhead that fit into missiles. democrats on the house oversight committee are making a push for additional information on money spent by the federal government that trump for profit properties. they sent letters to cabinet secretaries and departments across the country, requesting documents detailing payments to trump businesses.

they want that by august 26. president trump exchanged private messages with the russian special counsel robert mueller. he communicated through this lawyer that he appreciates what bob mueller is doing. publicly, trump called the widening investigation a witchhunt. the new york times says the government report concluded the average temperature has risen drastically since 1980. that directly contradicts claims by president trump in his cabinet. the trump administration has not released a report. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. "bloomberg technology," is next. ♪

emily: i'm emily chang. this is "bloomberg technology." coming up, disney pulls the plug on netflix and unveils plans in the pipeline to roll out films on its own streaming service. ceo bob iger joins us to discuss today's earnings report and the way forward. plus, a potential lawsuit, and even a wikileaks job offer are part of the fallout after google fired in the engineer who wrote that controversial diversity memo. we have all the angles covered on this developing story. lendingclub could be shaking off its losing streak. the ceo joins us to discuss the online borrower's improving fortunes and a near record earnings report. first, to the lead. president trump ratcheting up the war of words with north korea after reports in washington that north korea had successfully developed a miniaturized nuclear warhead that could fit on its missiles.

the president spoke to reporters in new jersey. president trump: north korea best not make any more threats to the united states. they will be met with fire and fury. like the world has never seen. he has been very threatening beyond a normal state. emily: the president's comments also come days after the un security council targeted sanctions on north korea. joining us from washington, rob levinsohn, senior defense analyst for bloomberg government. what do you make of these comments? very serious comments from president trump, and the impact they might have on north korea. reporter: yes, they are very serious. we are matching the north korean rhetoric, sort of one for one. they are famous for this sort of rhetoric and president trump is matching them, one for one. we do not understand how the north koreans interpret things like this. this can only probably escalate

tensions between the countries. emily: with potential testing going on right now, what does that mean? reporter: unfortunately for the united states, there's not a lot of great options here. we really don't want them to continue testing these missiles and threatening the united states, but our options are basically negotiate, engage in some sort of military operation which could escalate into a full-scale war, or learn to live with a north korean nuclear capability that can range to the u.s. none of those are palatable options. i'm sure the president and national security staff are going through that trying to figure out what to do. emily: this as secretary of state rex tillerson is traveling throughout southeast asia. he made comments about north korea. what more are we expecting from other parts of the

administration? reporter: i think secretary tillerson is going to continue trying to build support among allies. we had a strong action from the u.n. it was a unanimous vote in the security council. as the president said from the beginning, the key here is china. i would be interested to watch what statements come out of pyongyang, or rather from beijing, with the latest revelation about the miniature nuclear weapon. emily: we will be watching news out of beijing. rob levinson, thank you so much for that update. let's move on to earnings, which continue to roll through. one media giant and two online travel firms reporting after the close. the disney sales are getting, but the big story is it is cutting ties with netflix and launching its own direct to consumer streaming service. we are joined by cory johnson, and with us from london, caroline hyde.

netflix, no more netflix. what does this mean? cory: i think this is a big deal and we need more clarification from disney. let's remember that when netflix lost the starz contract, it was was not only a hit to netflix but they had to change their business model and go with a lot more original content. the markets were forgiving of that come ultimately. but netflix became a very different business. netflix has still had some of those great big hits. the biggest movies out there, they were saying, we will have "the avengers." we will have our own partnership with disney with "daredevil," "jessica jones," and planning for a movie that they would hope would rival "the avengers." now it's up in the air. i would be curious to see what disney has to say about it. the headlines looked, a little

defensive, saying we will still do business with our former partner, but doing business and having their best movies and content on the platform are two different things. emily: looking at headlines now. netflix says they continue to do business with disney on many fronts. bob iger on the call right now saying that disney and pixar will not be on other web services, that disney is already working on new films and shows. what does a new streaming service from disney look like? cory: they have tried this kind of thing before. we've seen other companies try to do this walled garden approach. they see the power netflix has. let's not forget their competitor in amazon, which is rapidly growing and spending billions a year. netflix is spending double the -- double what amazon is. they see the power in the marketplace. there is a fear that disney will

lose what they've got. disney, more than any other content company going back in terms of film and broadcast, has kept a walled garden and limited how they would distribute things, going all the way back , when they of vhs wouldn't put their stuff out as much. the only similar company was lucasfilm, the same with "star wars." they think they have the power to do it all on their own, but we shall see. emily: we thought the big headlines would be about espn. there are concerns about subscriber losses. how is that going? cory: the real headline out of the earnings weren't so much about what's going on at espn. it is a percentage of revenues and that change did not happen a lot. even as a percentage of the profits of the company, still pretty solid. the reliance on espn is very big.

furthermore, when you look at profitability, the profits from espn, it is very profitable product. maybe not as much as it has been in years past. i thought it was interesting in the themepark business, the slide in espn made up for an increase in profitability from theme parks. maybe a bit unexpected. it was the anniversary of the opening of shanghai disney. the cost of the opening went away, which meant more profits. they also had a really strong showing in europe. the french disneyland did so well in the last year, with special events, better pricing, better attendance. that was a boost for their bottom line. emily: shanghai disney welcomed its 10 millionth guest this quarter. i'm curious whether they can keep up the momentum at the china location. caroline, you want to get priced -- to priceline.

the biggest travel agency in the world. the company has been very inquisitive. they are ramping up advertising. what do you see? caroline: it was all about the third quarter forecasts. this is a behemoth in the traveling online sector. it is a $100 billion valuation. earnings-per-share forecast came in below expectations. they are splashing that cash. it's all about trying to fend off the competition from the likes of airbnb. this is why you are looking -- seeing priceline suddenly put on short-term rentals. google has also been eating people's lunch in terms of finding out price comparisons on holidays, flights. the hotel and airline industry wanting to steal back the market and get people to go directly to their own websites. you are starting to see competition become fierce. that is why we saw a quarter, a 25% uptick in the amount of spending of advertising.

emily: priceline has been an analyst's favorite. we will have to see is that -- if that changes. caroline hyde in london, our editor at-large cory johnson in new york. do not miss disney ceo bob iger joining us later this hour with david westin. uber is set to plan on unloading its subprime car leasing program. exchange leasing, a wholly-owned subsidiary, is unsustainable, and will be consolidated into a smaller unit within uber. the 40,000 car fleet has an estimated loss of $9,000 per vehicle. uber's board decided to wind down the program last month after realizing the costs were much higher than originally thought. coming up, the manifesto that has created an uproar in silicon valley. what happened to the engineer who wrote a memo criticizing google's diversity efforts, and why the story is far from over. this is bloomberg. ♪ emily: google has fired the

male engineer who was at the center of an uproar in silicon valley. this, after he authored an internal 10 page memo asserting there are biological causes behind gender inequality in the tech industry. james damore, the author of the memo, says he's exploring all possible legal remedies. a decision by google has caused an upper on social media. critics say it is censorship and encourages employees to file complaints. managing director eric weinstein said to stop teaching girls that the path to financial freedom lies not in coding, but complaining to hr. joining me is ellen huet, who has been reporting on this. another dad says, i teach my daughter they do not have to accept misogyny.

there has been a lot of backlash. how would you describe the firestorm? reporter: i would say there are two major camps. people who say that the memo was not -- it was just hurtful, offensive, did not belong at google, and he should have been fired. and people who see google firing him for speaking up about saying that conservative or unpopular viewpoints are not accepted at google as proving his point. he brought up these points that were not widely well-received and that he was fired for it. i think it was already a contentious matter over the weekend, and their decision to fire him made things only hotter. emily: what do we know about how google came to the conclusion he should be fired? the memo was out there internally for a few days. reporter: it took several days. and in the end, they decided the -- they cited the code of conduct. that his memo violated the code

of conduct. over the weekend i gave a statement that was a little more equivocal. they said that they want it could be a place where people can bring up alternate viewpoints, but also want to make sure people are not being harassed, and keep in mind antidiscrimination laws. in the end, the ceo said it violated the code of conduct an engineer said he had been fired for perpetuating gender stereotypes. emily: the ceo of google says it advanced harmful gender stereotypes in the workplace. that said, this engineer says he is pursuing legal action. does he have a case? reporter: it's debatable. legal experts say it's a hard case to make. you have to show he was trying to do coercive action within the company or collective action and was being fired in retaliation for that. there are other far shot cases that might work. but he says he's pursuing are -- or looking into all legal options. he also filed a case with the nlrb against google on monday.

we also know he may have spoken to hr last week about other issues. it seems like he's been making moves to try to lay groundwork for maybe some legal case. emily: one of the points we have not discussed is that the peer-reviewed process at google is huge. a huge part of their culture. you review your peers. how did google move on from this internally? what kind of discussions are had? reporter: i think it came up when employees were saying, i cannot continue to work at google if he is still here. peers, itith your influences your promotions. it would be hard to separate an engineer that it become an internal pariah from the system google had in place. many people felt if he continued to work at google, it would be a major reason they would consider quitting. emily: google is also facing a

lawsuit that is systematically discriminates against women based on pay. this, with the department of labor. what is the status of that? reporter: our understanding is it is still ongoing. there have been minor wins or losses on either side, but it is still the department of labor trying to get google to give them more information about how they determine pay internally. google says there's no gender pay gap and they've done to own internal analyses. they're still disagreement on whether it's true. emily: i know the discussion will continue. thank you so much for that update. coming up, there is a global power war brewing for engineers with ai skills. we talked to a man looking to fill those vacancies. this is bloomberg. ♪ emily: chinese ridesharing

giant didi is expanding again.

they are investing in a ride hailing platform that operates in the middle east, north africa, and pakistan. this comes a week after didi made its first major push into europe by backing estonian taxify. they currently operate in 80 cities across 13 countries. the use of artificial intelligence continues to grow daily, from the products we use --b -- buy, to the jobs it is creating. a recent study says in 2016, investments in ai were between $26 billion to $39 billion. another study says that just in the u.s., there are more than 10,000 job openings in the field. one person looking to fill those jobs is here. he led baidu's research division. he published a series of online

courses designed to help people become ai experts. great to have you on the show. talk to us about how these courses work. >> anyone that wants to break into ai can go into the site and sign up for a course. is the new electricity, just like it transformed every industry 100 years ago. i have a lot of engineer friends that want to break into ai. that knowledge has been hard to access. we are now starting to pull out there for anyone who was to break into ai has more power. emily: there is confidence when it comes to online education courses, especially when it comes to technical skills. how do you stand out? >> i think it has great content. it is really high quality. learning,e of deep

you think of services level and content. it really high quality. it is something that really lets you understand -- there's not that many well curated causes out there. emily: there's a big shortage in ai talent. tell us how serious it is. if you'd -- >> if you take seriously the idea that ai is new electricity, think about how many electricians our society has hired. we can take advantage. power in your house goes out, you miss it an awful lot. i think we should build an ai-powered society. a decade from now, i want self driving cars, health care for everyone i want every child to , have a great education and -- the only way to get there is to build great ai. emily: you worked with baidu

between the u.s. and china for ai talent. how serious is the competition? >> i think the u.s. china competition is a false dichotomy. i think the u.s. learns a lot from china. more and more, china learns from the u.s. the more people do it the better , off we are. emily: but we are not sharing resources. there is a finite amount of people. >> i think the number of people that know ai is not finite. six years ago, my machine learning course had 1.8 million people signing up. i hope that with the deep learning courses we can bring , equally large numbers of people. emily: we had been talking about the lack of women in tech, more women learning how to code. but it's not just about coding. it's about getting women into specialized fields. do you see an overrepresentation of men in these fields as well? >> i am very fortunate to be

married to the cofounder of -- in my house there is a one male , and one female. that is quite balanced. emily: what about the courses? >> it is a serious issue. the courses online do give equal access to all genders. i think so far, technical courses still tend to be more male-dominated. i think it's important work for all of us to do. this gender bias or gender unconscious bias, is something we should work on. emily: how important is it given that ai could be the new electricity, to have input from a diversity of perspectives? >> my advice to every woman and man, if you want a new job, this is a great time to jump into ai. emily: andrew ng, cofounder of coursera, thank you very much.

coming up, an exclusive interview with lendingclub. how the peer-to-peer lender was able to turn the corner after the surprise ousting of the former ceo. if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ we check our phones 85 times a day.

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singapore and 12:29 p.m. in singapore. i am haslinda amin. a report from 13 federal u.s. agencies contradicts president trump's dismissal of climate change. it says the country is already feeling heat waves, torrential storms, and other extreme weather over the past four decades. the president has publicly expressed a doubt that global warming is primarily man-made and will have negative consequences. has put billions of dollars in foreign exchange losses in that dates back to the 1990's.

probe is just a political ploy to discredit him. they recently set up a new party aimed at toppling the current prime minister in election next year. a new report from a law firm says chinese companies will spend at least $1.5 trillion overseas in the next decade. a rise of 70%. policies are encouraging firms to take a stake in advanced tech. foreign concerns of natural security contributed to the failure of 75 billion dollars worth of outbound deals last year. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am sophie kamaruddin with a check on the markets. japanese stocks are leading the stock in asia, 1.6%. the yen rallying to a two-month high against the dollar. the hang seng with a 3% rise.

the shenzhen reverses losses. the main focus, korean assets. with a second day of losses. and the south korean won falling over 1%. after theield higher pboc went up. another bright spot, aluminum jumping nearly 5%. to the highest level since october 2007. broadly speaking, the material segment is joining across the index, falling half 8 -- falling 0.5%. with also falling, softbank and others contributing to the drop in terms of index points. wanda hotel shares have been

suspended in hong kong, suspending a restructuring that involves a connected person at the company. that is according to an exchange filing made today. they were suspended from trading in hong kong for one of the hotel. ♪ emily: this is "bloomberg technology." i'm emily chang. shares of peer-to-peer online lender lendingclub are surging the most in two years. this comes after the company posted its second highest quarterly revenues in its history monday. seeing net revenue spike 35% year-over-year. the impressive report coming about about a year after the former ceo was ousted after his lack of disclosure surrounding a personal investment. joining me is the lendingclub ceo. you were president when this happened.

i know it has been a long year. talk about what the recovery has been like. >> it's been about investing in the foundation of the business and putting in the right controls, bringing investors back to the platform. a critical piece of that is banks. 44% ofunced that in q2, our funding came from banks. emily: when it comes to the scandal, do you feel like the company is back? scott: both of the results we delivered this quarter and what i just talked about of having investors back on the platform are clear signs we are looking ahead. emily: your main competition is credit card companies. no small opponent to take on. where are you gaining the most ground? >> if you look at what's happening in the broader market, there's over $1 trillion in outstanding credit card debt. more than half of americans have had credit card debt in the last

year. if you haven't paid off your credit card, you have a loan, and is probably not a good one. in general, we make it easy for them to save on average around 24% in interest. that is the core audience we are going after. emily: there's also a suggestion that lending standards could be getting looser. where do you think we are in the credit cycle? $100 trillion in outstanding credit card balance is as much as before the financial crisis. >> it's actually higher. one of the powerful things about our model is we make all the performance on our loans publicly available, so investors can see for every loan we've ever issued, so you can see what it looks like from a credit perspective, and the payment history. what we are seeing is that we did see deterioration in credit performance about 18 months ago.

we took swift action to what we are seeing now is stabilization and performance. most importantly, forecasted returns for investors remaining in line. emily: when do think we will start to see things turn? scott: that is pretty hard to predict. what we are hearing right now is in certain markets, the auto market is starting to see signs of deterioration, as is credit cards. on the flipside, there are a lot of things to like in the macro environment for consumers. unemployment is low. inflation remains low. oil prices remain low. household formation is up. these things are counterbalancing. i think the thing to watch here is consumer's ability to service the debt they've accumulated. right now, overall debt has moved away from mortgage, and into student, auto, credit cards. emily: what risks are you being vigilant of as you grow loan

origination? scott: it is critically important for us to be good stewards of credit performance. we are aided in that not only by the data we generate, but we are the largest provider of personal loans. we've been doing it for 10 years. we have a lot that we can see and compare. we also have over the last quarter over 100 institutional , investors purchasing from us. they have sophisticated credit analysts looking at data and , giving us feedback. the signs we are looking for are the consumers who seem to be accumulating debt and not doing what they intended, which is to pay down or pay off the debt they took a loan from us to eliminate. emily: your board includes john mack, former morgan stanley ceo larry summers, people who have weathered the financial crisis. and the dotcom bust. what are they telling you about risk? scott: it is an exceptional board. they have been incredibly useful to help guide the company. right now, they are looking to the company to help illustrate

what the risks are in the market to make sure we are executing prudently and the liberally. important to note that our execution and q2 is about product experience and marketing experience, not related to credit. emily: how big a part of your funding is the securitization? scott: the loans that were contributed were loans that were bought historically. in terms of the overall funding mix, it remains a small percent. what it does do is introduce us to a whole new group of investors. we have over 20 new investors who participated, and needed to buy a rated asset. it was great to see. it showed a lot of demand for the lending club assets. emily: speaking of the investors, you started as a peer-to-peer lending company. now, individual investors are just 15% of your business. do you see that channel going away completely or decreasing? scott: no, we don't. individual investors, if you look at them as individual, are

closer to 45%. how they participate is changing. we still have a direct retail experience where people can come to the website and build a portfolio with a few thousand dollars. we also have a variety of funds available through partners in the ecosystem as well as independent investing advisers. we are seeing lots of ways for individuals to access the asset class. that will continue to be important. emily: scott sanborn, lending club ceo, thank you for stopping by. a story we are watching. h-1b visas, a program widely criticized for costing american workers their jobs, has actually provided economic benefit for the u.s. and india. this is according to a new study out of the center for global development and the university of michigan. it showed combined incomes for

the two countries as a result of the u.s. visa program rose about $17.3 billion. they recognize negative repercussions for some, but on the whole, u.s. employees were wealthier because of this program. coming up, the disney chair and ceo bob iger will be joining us live. we talk about the earnings report, and why it will stop selling movies to netflix, and what it all means. this is bloomberg. ♪ emily: russia is making a push

into cryptocurrency. a company co-owned by one of vladimir putin's internet

advertisers plans to raise as much as $100 million in a push to help russian entrepreneurs challenge china in bitcoin mining. the russian minor coin is holding an initial coin offering where investors will use units of ethereum or bitcoin to buy new tokens. they will have 18% of the revenue earned with the mining equipment. david letterman is making a return. he's teaming up with netflix for a yet-to-be-named series featuring in-depth interviews. and, in the field of segments. there will be six hour-long episodes premiering on netflix and next year. letterman spent 33 years as a late-night talkshow host and retired in may of 2015. an update on a story we have been following. according to various reports the , hackers that attacked hbo leaked more files online this weekend demanded a multimillion dollar ransom. the files included "game of thrones," scripts and company emails. a person calling themselves mr. smith told hbo the ransom must be paid or more data would be

released. the network is continuing to investigate. coming up, we will be joined by disney chair and ceo bob iger, breaking down the earnings report and the move to dump netflix in favor of disney's own streaming service. this is bloomberg. ♪ emily: disney is once again

shaking up the media industry, saying it will stop selling movies to netflix and begin offering espn sports programming and family films via new streaming services. let's get to david westin in new york. reporter: thank you so much. we have the man of the hour, bob iger, the chairman and ceo of disney joining us. it is a major strategic move, as you have said, for the walt disney company. going over the top. not just for espn but disney and pixar. my question is, why now?

why not a year ago or year from now? >> we have seen a pretty dramatic shift in the way media is consumed. it is becoming more and more apt-based. i have seen it with my kids and grandkids. a lot of the app-based gone from ahas direct to consumer services. we have the great brands to be able to reach consumers directly. there is great passion for them. you need the technology to do that. it is no easy task. gone from a direct to consumer services. we have theparticularly when ito streaming live sports. we have consumption at a very high level and it is all at once. the company aof year ago. we have accelerated our purchasing control to move into the space at a faster pace and rate then we had initially anticipated. because of the opportunity we see in the marketplace. it is a combination of brands, technology, consumer trends.

reporter: talk about the consumer. the consumer and consumer experience. at least initially, who was the target audience? who will use it most often? xar?er espn or disney/pi >> you are looking on the sports and espn fan. sports are the most popular programming out there. you look at the 100 top rated tv shows in the u.s. last year. 94 were live sports. espn provides a lot of live sports on its linear channels. this will have an additional 10,000 live sporting events in its first year of operation. we are looking to reach passionate sports fans that want to be able to watch sports on mobile devices, on over-the-top, directed consumer services, direct to user interface. the disney fans are passionate.

there's a great affinity to the disney and pixar product. it is families, parents, and kids. it is even teenagers and grandparents. we reach basically everyone and it is worldwide, not just in the u.s. there's a great thirst for disney branded product, and we will serve them well. reporter: as you say, particularly live sports, has been a mainstay of television going all the way back to broadcast television. because of that the cable , distributors have been reliant on espn. what do expect to the reaction to be from the cable distributors? >> we will continue to distribute the espn linear channels through cable. they have been good partners of hours over the years. together, we have managed to create a highly profitable business.

the distributors and programmers alike are experiencing disruption that the home market is seeing, in multiple businesses are seeing from advances in technology. we feel we have to react accordingly. my guess is distributors will look at this probably more as a threat than anything else. it's not intended to be that. we are reacting to marketplace conditions and taking advantage of the quality of our brand, the passion and the quality we create, and the ability to reach consumers directly. if you look at disney's businesses, except for the theme park, virtually all the businesses touch consumers through third-party distributors. everything from big-box retailers to the owners of motion picture theaters. i could go on and on. this is an opportunity to reach the consumer directly. that's an important step for the company in terms of growth. reporter: help me make sure i understand correctly. stick with espn. if i sign up for this app the

moment it is available available , early 2018? >> yes. it's the espn app. reporter: but i won't get all the espn programming unless i'm authenticated through my cable provider? >> correct. there is one app that exists today. you can watch espn linear channels on that app. this gives the ability to access for another 10,000 live events through a subscription, which should be very user-friendly. eventually, you could predict that you will be able to watch linear channels in a similar fashion, meaning subscribe directly. we don't have plans to do that right now. we will watch the marketplace to see how it evolves. reporter: is this the beginning of the end for the bundle? >> i think that's a little bit too strong. and i think it's the beginning of the end it all.

we've seen the erosion, with a new marketplace with new options. but it is still highly profitable. it is still a good consumer proposition. there has been encouragement on the bundled whether it is new over the top providers. youtube and hulu being a couple of them. there's more competition to reach consumers with multichannel services. i don't think this is necessarily the beginning of the end, but it represents a continued shift in consumer behavior and the opportunity that technology provides. reporter: when you make a major strategic decision, you have to ask yourself, do i build it or buy it? did you consider buying something like netflix? why did you decide to build it rather than buy it? way this is a buy.

createlows us to businesses in the space much faster than we would have, had we build it. i will not comment on whether we had gone to netflix or any other havesition. we obviously the financial wherewithal to do a number of things. but this seemed to be the best step for not only walt disney, but in terms of a growth strategy, growing the company long-term, taking a long-term view, and also addressing the near-term issues we are seeing, which is all about the disruption created by digital technology. reporter: in the sports app, you have major sports. you've got nhl, mlb, college sports. i don't see nfl at this point. i don't see nba. are there plans to add those? under what terms could you get them in?

>> we intend to license sports specifically for this app, beyond the sports already licensed by bamtech or espn. this creates an opportunity for us to monetize them in more effective ways through subscription, revenue as well as through advertising revenue, and there is a direct to consumer relationship to generate revenue. i think you can expect this product will be in the marketplace to license more aggressively from multiple sports organizations, possibly the nfl and nba. reporter: i noticed in your release you said that you plan to make significant investments in an annual slate of music -- movies, tv shows, and content for the app. are we talking about investments that we've seen from the likes of hbo, amazon, or netflix?

>> we've got to be careful, because netflix come i can't comment on what amazon has been investing, but it is known that netflix has been investing billions in original content very effectively. when you mentioned hbo, this is a little bit more akin to that. we will basically produce and develop original movies and television series specifically for this service. it will be incremental investment in the investments we've been making in television and motion pictures in the past. reporter: you also have your earnings out. you missed a bit on television, on cable and broadcast. would you recommend him going into the way you did at nbc and have a career there? >> absolutely.

we're one of the more attractive companies for people to work for. particularly college graduates. the reach we have among consumers and a highest team for the walt disney company and various sub brands i think provides an unbelievable -- an unbelievably attractive career for young people. there's a huge amount of potential. when you think about the company and the world we are , about great storytelling. you cannot look at it in terms of how it is distributed one time or the other. you have to look at basically the quality of the brands and the passion that people have for it. and the opportunities that creates for people who are managing to touch those brands from a career perspective. it's been great for me. i would recommend -- my sons won't be able to work here until after i leave, so i certainly would love for that to happen. reporter thank you so much. : disney chairman and ceo bob iger. back to you.

emily: david westin there with disney ceo bob iger. we will talk more about this tomorrow. that's it for this edition of "bloomberg technology." don't miss sheryl sandberg joining me tomorrow on bloomberg's "studio 1.0." ♪ is this a phone?

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