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

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deadly charlottesville nationalist march blessed weekend. he spoke at trump tower. >> there is blame on both sides. you look at both sides, i think there is blame on both sides. i have no doubt about it and you don't have any doubt about it either. reporter: meantime, he isn't saying what happens next with chief strategist steve then -- stephen bannon. the leaders of four minority house caucus groups called for his removal. ending payments to help low income americans would raise a federal spending by $194 billion over the next decade. president trump threatened to cut off payments to force democrats to the negotiating table. alabama is expecting a low voter turnout for 10 days primary for the republicans and enter -- republican senator. for attorneyeting
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general jeff sessions' senate seat. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra. this is bloomberg. "bloomberg technology," is next. ♪ emily: i'm emily chang and this is "bloomberg technology." coming up, president trump defiantly defends his criticized reactions to protest in charlottesville, virginia, and calls out ceos leaving business councils for grandstanding. full coverage from trump tower. plus, a bloomberg exclusive. nba champion and ndp staff -- steph curry making a big play in tech.
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the golden state warriors -- on -- r a damaging lawsuit and embarrassing settlement were just some of the challenges for uber this week, as the pr nightmare continues at the world's most valuable startup. first to the lead pair president trump speaking from trump tower defense's decision to wait two days to condemn white supremacist amid violence in virginia, saying he needed to gather the facts. since the deadly attack, several ceos have cut ties with the white house. armour, and --er for ceos resigned from the manufacturing counsel. said -- ceo today, the president fired back. >> we want products made in the country. leavef the people will
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and are leaving out of embarrassment because they make their products outside. emily: the latest development on this ongoing story. we have our chief washington correspondent kevin cirilli standing outside trump tower. with me in the studio, cory johnson. kevin, you have to give us a roundup of what happened in this press conference. president trump very defiant and very hesitant, to lay blame essentially. reporter: president donald trump defiant against criticism for his response to the charlottesville tragedy over the weekend. he says there are faults on both sides here and i can tell you that already a crowd of protesters had gathered about a block away from where i'm standing outside of trump tower. president trump taking on the media as well as others for what has gone on and what he feels is unfair treatment. he criticized heavily and defended heavily his very own
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position following the charlottesville tragedy. it comes as he is facing intense criticism from ceos and also from republicans within his own party. this is supposed to be a press conference of sorts or a public commenting period to announce a second round of infrastructure executive order. all of that is now thrown out the window with the headlines dominated by his comments on charlottesville. emily: cori, the press conference became very contentious, and the president was very combative what is your reaction. ? cory: i was doing a live radio show and i couldn't speak afterwards. to see thety amazing president refusing to criticize kkk,eize -- nazis and the are suggesting there is a equivalency between protesters
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supporting a confederate general statue that was only built in the 1920's, when jim crow was enacted -- which is when a lot of the statues were put up, not -- which isvil war really a statement about racism, keeping african-americans in the country down. amazing to see the press conference. it is worth noting that this plays to his base. he might actually just agree. but this notion -- there's a dialogue that says black lives matter itself is akin to protests like all right protests, kkk protests, nazi protests. that dialogue doesn't reach the mainstream media, but it is happening, and is in his playbook. emily: playing to the base is in the president's playbook and we see it again and again, but shouldn't he be trying to expand his base? reporter: i think there are many
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republicans who have forcefully denounced white supremacy, kkk, and criticized the president for his response. when you look at the states the president won, ohio, michigan, 70,000 independent voters switched from former president obama and then voted for donald trump, they were really the swing voters. when you look at independent polling over the last couple of days, if you look at gallup, president trump approval rating to did to around -- dipped around 34%. his team around him has tried to focus on the economy, but president trump, less than 24 seeing policee vehicles. i just want to say this. we are seeing an increase of police presence where a growing crowd of protesters had gathered chanting against president trump.
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that is something that i think many outlets will be monitoring throughout the next several hours. to conclude my thought, i would note that this is something that while the president, trying to focus on economic issues, and if you look at what he tweeted, criticizing ceos, and even at the press conference, criticizing the ceos who left the business council as well as criticizing senator john mccain on the issue of health care, this is a president really feels that going after his critics will help him reach legislative goals. so far, he has yet to have a major legislative accomplishment on health care, infrastructure, tax policy. if you look at the month of september, he has 12 legislative days left. congress has to raise the debt limit, has a spending bill, and get to issues like tax reform and infrastructure, which was supposed to be the basis of his comments about one hour ago. emily: you have interviewed the intel ceo a member of times --
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number of time. what do you make of the compilation that these ceos are publicly rescinding support? cory: i think for brian, it was very personal. no one at intel was pressing him to make diversity his biggest job at intel, but he was. it is really important to him. he has young daughters. he's thinking about the future of this world. having a quality at his company and making it a top goal, i think he looked at what happened, and instant criticism the president had for the merck ceo, and that was a tipping point for him. it is worth noting that the president said you need to take time and study the facts about neo-nazis and kk, but was quick with criticism of the market ceo. and being part of the councils could pay off handsomely, given that the president is the most powerful person in the world. remember, bk was in
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the oval office with the president showing him a semiconductor, and announcing a plant that had already been announced that president trump had taken credit for. even obama himself had spoken would be erected. a lot of corporate leaders thought they would be able to forthe president's desire publicity about hiring and building in the country as a way to publicize efforts, and maybe get input into the white house and into the trump administration. i think it is just coming out to tooa cost right now -- at big a cost right now. the president's closest advisers were saying, "don't go off the rails and take questions." he immediately went off the rails and spoke little about infrastructure. ceo tim cook says he did not join in the first
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place because he doesn't find it productive. much they arehow participating and how much it is worth anyway. cory johnson, editor at large, and kevin cirilli following the action at trump tower. thank you for that update. . amazon is selling bonds to finance the $13.7 billion acquisition of whole foods. people with knowledge of the matter say the online giant sold billions of dollars in unsecured bonds. it is the fourth-largest jumbo deal year to date. the first bond market for a for amazon since 2014. up, weighing in on the hot topics in the tech industry right now, including the contentious relationship with the white house. "bloomberg technology," is live streaming on twitter. york,us out 5 p.m. in new 2:00 p.m. in san francisco. this is bloomberg.
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♪ emily: the first ceo president is losing more ceos as advisors amidst controversy surrounding his reaction to violence in charlottesville, virginia. several ceos have made their earlier this year following disagreements over the president's approach to immigration and climate change. here to weigh-in is keith rabois from khosla ventures. i can't hear -- wait to hear your reaction. the president just had a very contentious press conference in which he blamed both sides from what has been happening in charlottesville. i know you, over the course of your career, have been a free speech crusader. what do you make of all this? >> i think the president is clearly struggling with lots of issues. first of all, as i mentioned on this show two years ago, i think the president is sort of a
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sociopath. he is revealing under pressure his characteristics. under pressure, people tend to reveal their natural characteristics. at the end of the day, when he gets attacked, he will punch back. none of his opponents are willing to punch back with him. is playing out on an international stage and it is not helping him. emily: where do you draw a line when it comes to free speech? is it white supremacy, racism? what counts as crossing the line? >> i think people have a right for filing for a protest for any view in the u.s. what they don't have a right to do is instigate violence, and they don't have the right to have the president defendant. when i was growing up in the 1970's, there is a party that marched in illinois, a not the party, and the court said they had the right to
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march, but the president announced. them -- denounced them. free speech doesn't protect you ofm being on the other side liberty. emily: what do you think of the ceos saying, timeout, no more counsel for me. >> i think the difference between artisan and policy behavior, i don't think ceos engage in partisan behavior, but this was not a partisan issue. lots of republicans, including conservative members, were very explicit in denouncing the violence. this is not partisan. it is president trump and a small sliver of republicans and conservatives. emily: what is your take on how tech companies should handle speech like this? yes you areitter @
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racist account. >> i think most of the content companies have to be careful as they start deleting specific viewpoints. they run the risk of liability. once you start pulling down pieces of content, you're technically liable for all the content on your site. emily: what if it is nazi content? >> there are some constraints, particularly inciting violence, but other than that, i don't think technology companies can censor these legally or prudently. emily: so you don't think they should? >> i don't think content should be censored. emily: ok. what is your take on this google engineer who was fired after he sent a memo circulated in the company suggesting there are biological reasons for the underrepresentation of women in tech and leadership? >> i think he made several points. i definitely believe google is an intellectual monoculture.
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what fraction of google employees voted for trump? it is probably 2% or 3%. it is not representative of the american people. that is a different point than what are the roots of employee-based and engineering based differences of google. i'm not an expert at google or biology. i do think google is taking some risk in being very draconian about some views. i think personally if i was running the company, it's ridiculous that anybody spends --thousand rd -- words 10,000 words to distract the company. but google has these off-topic mailing lists. there is a general rule people should not be able to take business time and distract employees, regardless of views. him the did speak to day after he got fired. take a listen to what he had to say. >> it is hard to regret it, just
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because i do believe that i'm trying to make google and the world in general a better place by not confining us to our ideological echo chambers were only one type of story can be heard. emily: ideological echo chamber, political views are one thing. --t do those political views what if those political views exclude members of the population? >> it would be inappropriate to write a religious crusade document on either side. judaism, christianity, muslim, and publish it. but once they allow people to have a format in a mailing list that is open-ended, they are playing with fire selecting some views that are acceptable and some are not. it may be much better to say religion and politics don't belong in the company. imagine a mailing list where people are debating abortion.
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they would offend both sides, legitimately right away. everyone.istract it would be acceptable for a ceo to say we are not having emails about abortion in the company. that's not the reason for our existence. emily: final thought, should he have been fired? >> no. emily: why not? >> googles culture, if you look at the historical context on the mailing list at google, they are wide raging. i only worked at google for two weeks, but fundamentally, i believe the mailing lists are .retty wide-ranging if it was a different company, then absolutely i think it would be acceptable to fire him. emily: keith rabois from khosla ventures, joining me this hour. coming up, steph curry of the golden state warriors has been busy investing in tech companies. where is he putting his money?
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we'll hear from curry next. this is bloomberg. ♪
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emily: microsoft founder bill gates just gave away a sizable chunk of his fortune. a filing shows he gave away 64 million microsoft shares valued at 4.6 billion dollars in june, making it the largest share donation this year it is also his largest. singl donation in two years. he made the majority of his foundation to the bill and melinda gates foundation. to of the top players in the nba helped kick off the inaugural player tech summit here at our bloomberg office. top leadersgether in tech, venture capital, and sports to exchange ideas. cory johnson caught up with steph curry and andre iguodala of the golden state warriors who are cohosting the event. he asked about curries investment in pinterest.
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>> it is something i use, something my wife uses, so for me it was an opportunity that a couple years back, i waited to get some skin in the game. it is not something i'm involved in day-to-day, but just to see the growth of the company and q1, q2,eedback of seeing how the company is doing, keeping track of it. i started with my business partner at slice. that was another early investment that i could follow and grow with. it has been fun learning from that and hopefully i can continue to grow my expertise in the investing game. cory: you are all over the place with some of your investments. last time i talked to you, you talked about skincare products and a shaving company. you invested in a company that sounds like it is competing with bloomberg. >> yes, a bond trading platform.
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you can do it globally across your phone -- mobile across your phone. when you think about silicon valley, you think about disruption, efficiency, and that's what it is. bond trading hasn't changed since the beginning of time. you sign a piece of paper and give it to someone else. that was something that was approached to me in how to disrupt the market. the vision was great by ronnie matteo, who started it, and i have had good conversations with him. this whole thing for me pretty much started with an e*trade account, and i started investing in a lot of tech companies. it was a perfect marriage for us to be aligned with the company
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like that. cory: i guess i should back up when you think about the history thereletes and investing, are bad stories that make the news, but there are bad stories. your father was in the nba. i think about the athletes who have had fathers. ken griffey jr., he had a father that was a great baseball player. of they have also sort probably raised their kids, remember that guy i used to play with, he blew everything. that was a notion of what nba players did. it is more sophisticated now. >> i would think so. we have been blessed to play this game and make a certain amount of money, and with a responsibility of, what do you want to do with it? you want to grow the money in a smart and responsible way. things have changed.
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the tech space is booming. to find open doors to that space is huge, but finding people close to you that you can trust to give you the right guidance, not just blindly throwing money at a company or at an idea and takes, just because you have the prestige. you have to be smarter. emily: steph curry and andre iguodala of the golden state warriors. go warriors. continues toer rack up troubling headlines from being sued by one of its biggest investors to legal trouble in the u.k. we will bring up the latest. this is bloomberg. ♪
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got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here.
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find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. mark: i'm mark crumpton in new york. you are watching "bloomberg technology." let's begin with a check of first word news. president trump returned to his assessment that "there was blame on both sides," after he was
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criticized for comments following the deadly violence in charlottesville, virginia. the president spoke today at trump tower. alt-left thatthe came charging at the alt-right do they have any semblance of guilt? ?let me ask you, what about the fact that they came charging swinging clubs? do they have any problem? i think they do. mark: former ku klux klan leader david duke took to twitter to thank the president for his honesty and her age -- "honesty and courage." reach a warned it could more advanced level if the u.s. continues sanctions.president rouhani's remarks today were his most direct warning that the landmark nuclear accord reached with world powers in 2015 could fall apart. ukraine's prime minister says claims that its technologies might have been shipped to north korea helping pyongyang make
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huge strides in its missile program were "not possible and a provocation." this follows a new york times story saying that some of north korea's technology was purchased on ukraine's black-market. i'm mark crumpton. this is bloomberg. it is after 5:30 p.m. in new york and 7:30 a.m. in sydney. paul has a look at the markets. paul: good morning. nikkei futures traded out of chicago are looking higher asx futures are little off. , down five points at the moment. the indexes are going to be decided today by an absolute slew of earnings. many, many earnings in australia today. let's take a look at the energy sector. origin and woodside will be leading the charge. they could be weighed down by write-downs. from the real estate sector, awaiting westfield and stock land. there will be many more
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including the blood plasma products producer. $.10 will announce second-quarter earnings. that will be interesting to watch, especially considering the chart over the past year. impressive growth there. they had been surging. top most of the valuable companies in the world. we will find out whether that is justified. keep an eye on the thailand right, expected to be held at one and a half percent. indonesia's president will give a speech today showing his plans for the 2018 budget. i'm paul allen in sydney. more from "bloomberg technology," next. ♪ emily: i'm emily chang and this is "bloomberg technology." back to the top story. in remarks delivered at trump tower, the president defended
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his decision to wait two days to condemn white supremacists for the violence in virginia, saying he first needed to gather the facts.trump said there was blame on both sides for the violent clashes that are update in charlottesville, equating the violence of neo-nazis with those of liberals who challenged them. schenker, is marty the senior executive editor for government.l you have been covering washington for two decades. what was so extraordinary about this press conference? reporter: simply the very oforous, and battled nature -- and battled nature of the questions and answers. donald trump had given a scripted defense and clear condemnation of the right in the charlottesville demonstration of violence, then he comes out today and goes right back to where he was on saturday, basically showing that the right and the left are both to be
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condemned for what happened. it was an extraordinary performance and something even those of us who have gotten used to donald trump over the last seven months were really unprepared for. all working back here in the newsroom trying to figure out what the significance of this will be. there will be significance. emily: let's take a listen to one of the more explosive moments in this press conference. take a listen to president trump. trump: there's blame on both sides. i think at both sides, there's blame on both sides. i have no doubt about it and you don't have any doubt about it either. emily: how do you think this will affect president trump's ability to lead? reporter: i do think it's going to be a challenge. there are beginning to be some reactions from people in the republican party large supporters of trump, who are concerned already about his agenda being offset by this kind of narrative, and saying that
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this is not helpful at all. what we have not heard from our the gop leaders, the mitch mcconnell's, the paul ryan's, and people in the white house to associate themselves. one of the things that happened is david duke, the former leader of the kkk, came out to praise donald trump's remarks. it will be interesting to see if donald trump feels he has to complement, and how the gop positions itself in the context of these remarks. schenker, our bloomberg senior executive editor for international government. thank you. meantime, another rocky week for uber, after benchmark capital doubled down on its lawsuit against travis kalanick in an employees. to in the u.k., uber is being accused of failing to properly report sexual assault by its drivers, according to several
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reports. uber responded to the reports saying that this is an incredibly complex issue and they always strive to get the right balance between supporting the police while supporting the rights of individuals. joining me is caroline hyde in london, and with me in san francisco is keith rabois at khosla ventures. i will talk to you, caroline. talk about this situation with bloomberg when it comes to the sexual assaults that were failed to be reported. caroline: this is a rather explosive report that came out, reported by the sunday times. there was a copy of a letter sent by the senior member of the metropolitan police alleging to the transport from under authority -- for london authority that uber is failing to report sex attacks and other crimes. they went to far -- as far as to say they were six assaults on passengers, and one us all that had gone unreported.
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they also say they think this is because uber is trying to avoid any reputational damage. this goes all the way back to april. what is also notable is they say in this letter, by the way, the license is under review for upr, and it is coming september 30. could this be under consideration for the extension to operate here in london? to general manager, trying find details as to how they have been working with metropolitan police. they outlined how they work and how they hire experienced former police officers and they have an uber law enforcement portal, where the police can interact
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directly with uber. they said that they don't routinely report things on behalf of individuals, they feel it is up to the individuals. it was a very lengthy response, but certainly a very heated report that came out throughout the weekend and on monday. extendingr is now tipping options for drivers. the drivers are saying it is just uber trying to brush up its image and reputation.what is the latest ? caroline: the year of the driver , happening here in the u.k. as well. some olive branches going to drivers. you get tips back as soon as today, and getting potentially paid for waiting for customers. cancellations, better destinations. the cynics say that the timing is everything.
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we understand drivers have been casesforceful, and many in the u.k. saying, you don't make it easy enough to boost earnings. some drivers took this to an employment tribunal last year and won, saying they should get holiday pay, rest breaks. now it is up for appeal in the next month. some say the timing of this olive branch is a little bit too obvious. but it is the year of the driver. keith, i always have to catch the fact that you were a lyft investor when we talk about uber. this lawsuitake of against travis kalanick? >> it is pretty unprecedented. obviously, you're asking the easy questions today. [laughter] --ved as a director for it
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in silicon valley for 14 years, so i have a somewhat detached arspective, but running company with 14 operating executives and no ceo is a disaster. secondly, it is clear they have .omewhat unsolvable issues it is hard to get divorced in business, especially when you are on the board. they have to reconcile this. i think a lawsuit is very weak. it is clearly a strategy, may be effective, but the substantive claims, the fraud claims are pretty weak. the case, at least what is in the public domain -- there are things not in the public domain yet, like what is an what concessions benchmarks may have made to give the board seats are to get travis to resign. there may be a lot of new information. thein the public domain, case is weak, but it can be effective in germany -- incoming to a compromise.
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emily: no venture capitalist wants to be considered the investor who will out the ceo. if benchmark is doing this, it must have been a very difficult calculation. what does this mean for benchmark and its reputation among entrepreneurs? >> it is always a difficult cut elation you remove a ceo. emily: and then sue them. >> at the little different. but i do remember google founders were almost sued by sequoia and kleiner perkins in 2001, for similar reasons like not hiring a ceo as soon as they said. they came very close. it is not completely unprecedented. in terms of removing a ceo, only time i saw it is if a management team loses faith with a ceo and lobbies to get rid of them. it is a bottom-up groundswell. get into aers massive dispute and somebody needs to mediate. those are the only two things i've ever seen.
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i've never seen this. i have seen ethical issues lead to a ceo departure. emily: d think this will hurt benchmarks reputation among entrepreneurs? >> i don't know. it is definitely controversial. that it depends how things play out. ends with auber great ceo and has a successful outcome, it will be fine for benchmark. if not, if travis comes back and takes over, rides uber to its glorious victory, there will be people shooting at benchmark. totally unpredictable. so i notficult, criticizing them at all. being in the middle of that crossfire when you are on the board, you are making hard trade-offs when half the team says one thing and the other have says the other. emily: thank you. caroline hyde with us in london, thank you for that update. up, the latest startup space.on the e-commerce
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how they plan to take on the likes of amazon, next. this is bloomberg. ♪
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emily: competition in consumer packaged goods is heating up. brandless, a san francisco-based startup, has added there had to the ring. they have a variety of brandless branded goods and household -- household goods. they caught the eye of investors, scoring $50 million in funding from venture capitalists, but in the age of amazon, can startups keep up? joining us is the brandless ceo. thank you for joining us. everything is literally three dollars? >> actually, it is all three dollars. sometimes it is two for three
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dollars, including your first order, if you use hello three. emily: where does this come from? >> it comes from oliver. we launched with 200 products pantry, cleaning, beauty, housewares, etc. everything gets sourced with the brandless produce -- promise, which is cruelty free, non-gml, all the things we want to see in products. partners have to live up to those standards and manufacturers are mostly in the u.s., but also in other countries around the world. emily: you are billing yourself as procter and gamble for millennial's. who is your target market? is it just millennials? is it everyone? procteredia tells us as & gamble for millennial, but we are for everyone. they say that is
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because 70% of millennials one different products from what they grew up with. that is the market that is coming in and becoming first-time head of households. 80% of the new parents in this country today are millennials. they are rethinking the products they use and by and the way in which they live. they are an entry point, but brandless is for everyone. emily: i was doing comparison shopping, and i really want to pay three dollars for quinoa chips? but then i looked at whole foods, and they really are three dollars. tell me about the pricing strategy into this number, which is probably across these products, and why it makes sense. >> when you look at what is called the better for you marketplace, when you go to a store like whole foods as an example, they use a better for you strategy. whole foods is not all organic, but it is all better for you. brandless has a similar
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philosophy. when you are comparing those products, you have to look at the outside basis. we eliminate the brand tax, the price you take -- pay for all the inefficiencies in the system and national brands. on average across the entire 40%.tment, you will save and some of our beauty products save 370% brand tax savings. the reason we chose three is because it is memorable and easy, and makes the entry into that market so much water than people otherwise thought that they could afford organic for their family. eating healthy is expensive, but it doesn't need to be. we are debunking that idea. emily: amazon has made it very clear they are aggressively tackling the grocery market. why enter a market that amazon is trying to claim?
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>> amazon is awesome, but brandless is building a community. we are building a community of people who believe everyone deserves that are. we are reimagining what it means to be a brand. we are trying to redefine the false narrative that is caught up in all the national brands, and saying that brandless is about you and your family. brandless is about this chef. and when you check out at brandless, we are also -- because not everybody can afford three dollars -- we will also work with feeding america and donate a meal, and we are launching field guides to brandless life, where we are donating to food banks, going to college campuses. is a way toindness live as americans. brandless as a community is reimagining consumption, but we are trying to make everything better for everyone. emily: a strong pitch. brandless ceo tina sharkey, thank you for stopping by. great to have you today. asia. is eyeing
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why it thinks the region represents its biggest opportunity yet. this is bloomberg. ♪
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emily: time for today's revolving door. the soft driving car company owned -- self driving car -- any owned by google a veteran staffer for senate lobbyicans will congressional lawmakers to shake rules on autonomous cars. he will direct company's dealings with congress, the department of transportation, and the national highway traffic safety administration. natalie bloomberg exclusive. airbnb says asia represents the biggest opportunity on the planet. we caught up with the chief strategy officer. >> intra-asia travel is a big deal.
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and inubiquitous in asia singapore and australia. we have been investing a lot in china. chinese travelers are going all around the world. it's the fastest growing segment. we are running a big campaign over there right now. a lot of our growth in singapore and elsewhere is happening as a result of chinese travelers using airbnb to explore the world. inlinda: with chinese particular, you have 450,000 listings -- listings and growing. you have been competing with more players. >> there is local competition in china. they are largely focused on domestic travel. our focus placed to our strength, which is international travel. we are marketing airbnb has a way for chinese to explore the world.
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none of the local competitors in china have the numbers. we had played to our strengths and not engage in any direct competition. haslinda: are you adopting a different strategy compared to the u.s. in asia? seems like you have been pretty aggressive in marketing strategies elsewhere. >> in every part of the world we are trying to partner with government. we have to realize the full potential of home sharing. most recently we have seen success in japan. they passed a law saying home sharing up to 180 days is now legal. japan has been a number one destination in asia for a number of years. haslinda: even in japan, it is a matter of implementation. it's a matter of progress. in singapore, they passed a law stating it is illegal to rent a place for less than six months.
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what is your take on the regulations across the board in asia, the differing regulations? it has to be a more competitive marketplace for you. >> it's not a simple topic. it's not a simple time. we try to be as proactive nba partner to government as much as possible. figuring out the right model and implementation details will take time. it is not a one and done situation. haslinda: give us a sense of how important the market will be in the future. you turned profitable last year. how do you see agent contributing to profitability? this has been a story for probably three years. it has been our top growing region. industryok at all the
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numbers, it is the biggest opportunity of the planet. the numbers are incredibly promising. emily: that was the cofounder and chief strategy officer at airbnb. breaking news. afl-cio president richard trumka is resigning from president trump's manufacturing council. he said in a statement, "we cannot sit on a counsel for president who tolerate bigotry and domestic terrorism." that would bring the number of resignations to five in the last two days. that does it for this edition of "bloomberg technology." thank you for watching. we will see you tomorrow. ♪ ♪
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♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin tonight with president trump's condemnation of hate groups, including white supremacists and neo-nazis in remarks from the white house. his comments, followed bipartisan criticism he did not violencelly denounce from a rally in charlottesville, virginia. >> as i said on saturday, we condemn in the strongest possible terms this egregious display of hatred, bigotry, and violence. it has no place in america.

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