tv Bloomberg Technology Bloomberg August 29, 2017 5:00pm-6:00pm EDT
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and corpus christi where harvey made landfall. trump hopes his administration's response to the hurricane demonstration will be regarded as a model for the future. governor greg abbott called the white house response so far very effective. monday, he said he graded the +.sponse an a vice president mike pence is warning that the flooding will continue. people visit the region this week along with his wife karen. estimates to total damages caused by hurricane harvey continue to rise. research now projects losses of $42 billion, up $12 billion from monday.other analyst estimates are at $100 billion, potentially more than hurricane katrina. louisiana governor john bel edwards said his state's offering to shelter storm victims from texas after the state conducts rescues of
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its own residents. beenthan 500 people have evacuated in southwest louisiana. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. 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. isoomberg technology"' next. ♪ caroline: i'm caroline hyde in for emily chang. this is "bloomberg technology." coming up, north korea's clear and present danger. an emergency session after another ballistic missile launch. reaction from around the world and the plant from the pentagon. plus, expedia ceo speaks for the he can take the top job at another company.is he
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up for the challenge ? he has been one of the most recognizable names in the industry for decades. him.sive conversation with first to our lead. a major international story we are monitoring for you. the united nation council is meeting tuesday to discuss how to handle north korea's latest provocation. on monday, north korea fired a flew overmissile that japan before breaking up. today, u.s. ambassador to the u.n. nikki haley called the lunch "unacceptable and irresponsible," adding that something serious has to happen. as for how the markets responded to the launch, stocks fell back across the globe. u.s. stocks have just about rebounded. there was an initial rush to save haven assets like gold, u.s. treasury's. for more, we are joined by lindsay ford. wonderful too happy with us,
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lindsay. first of all, i want to get the so-called unprecedented, grave, and serious threat the japanese prime minister sees. lindsay: the latest missile test was definitely an provocation. this is the first time we have seen north korea wants a ballistic missile to overfly japan. that for japan is a significant an extremely serious threat. i think we have to recognize that there is a bit of a calibration that north korea was probably doing here. they were quite blunt over the last month in saying they might conduct a test near gguam. they didn't. you have to assume they were trying to kathleen a we don't match up tension but i'll cross any red lines that would actually cause the u.s. to initiate any kind of conflict or
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action. caroline: this is seen almost as a political gameplaying by north korea the moment. delete see the response likely to be particularly from the u.s.? what are the realistic options out there? lindsey: i don't actually think this changes the options the u.s. has all that much. i expect that we will see is another push for further sanctions and tightening of sanctions coming through the united nations. there are additional steps they can take beyond these sanctions that were just a permitted at the beginning of august. they can do after the north korean textile industry.they can go after oil , north korea's access to oil from china, which is something that has not been done yet and can be potentially significant. a lot of people would really like a push for actually sanctions against entities, third party entities and companies that are doing business with north korea to
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really try to eliminate their access to other financial systems. caroline: fascinating. i just want to bring in our national security reporter, who is joining us live now. , we are monitoring the un security council meeting as well. what do we know will come are particularly from past statement of donald trump himself? taken to twitter yet? [laughter] [laughter] nick: he has not yet how to twitter, that is interesting ly a story in itself. when we have seen from this administration so far is a little more understated. hopefully what they hope will be a more disciplined approach to the launch.they don't want to lose their head and go half cocked . we have heard this is attributable to the chief of staff directly, john kelly, who wants interagency process that harkens back to what you would have seen in past administrations.
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one said this is how normal governments do things.when north korea does something like this , you consult with allies as secretary of state rex tillerson did and president trump did. you get on the same page and release a unified message. that is likely what we will see from the council today. caroline: your outlining perhaps how we will see yet more sanctions coming north korea's way. but what about japan's reaction to this? they would have felt maybe at the time they can start building their own military force in respect to this. lindsey: i think it will amplify voices within japan and decision tobe's push for a more muscular japanese foreign-policy. further push for perhaps increased defense spending. certainly more ballistic defense . there is an ongoing argument about whether japan should seek strikeensive
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capabilities, which it is not able to do right now because of constitutional restraints. i think it will further expand .hat argument caroline: talk to us about the balancing act going on with the white house. they do not have just one international crisis going on at the moment, but there is a domestic one as well. we have seen donald trump in texas. how is the managing to nuances words? is the responded to questions about north korea at this event? nick: so far, he has responded to shouted questions just by saying, we will see, we will see. the administration is trying to do something a little bit different. in the last month or so, they came up with a very detailed north korea strategy for how to respond to certain threats and certain actions. they essentially have a game plan in place now. this is sort of the first foreign-policy issue around the world where they really have a sort of ladder of steps.
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if north korea does x, the u.s. will do y. we have been speaking with an ministration officials all day, and they say this is going so far according to plan. north korea did something that the united states suspected it might do at some point. now you are seeing the response. the closed session of the security council a relatively understated response so far. hopefully a response that will then move to increased economic pressure, which the united states still sees as the main path forward. rex tillerson's peaceful pressure campaign really uses china as the conduit to strangling the north korean regime's economy and hopefully bring them back to the table for negotiations. caroline: fascinating analysis you both. thank you very much indeed. lindsey and bloomberg's nick, great to have you with us. now, as tropical storm harvey continues to inundate the texas
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gulf coast, facebook is offering ways to contribute to relief efforts. facebook announced today it would match the harvard of the disaster relief fund up to $1 million. over foods announced it will restoration made by the website of the red cross. $100,000 pledged to the organization, and more will come. now, expedia ceo speaks out for the very first time since his name was floated for the ceo role. why he says this is "a once-in-a-lifetime opportunity." this is bloomberg. ♪
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caroline: now a story we are watching for you. google will comply with your's demands to change the way -- ope's the man to demand to change. google said it is showing the plan to regulators. if it did not submit by we don't like daily fines on top of its record $2.7 billion penalty issued earlier this year. if it did not comply, that is, in a months time. now to a developing story. the justice department has begun collaborations that uber may have violated the use of bribes
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to port officials keep providing people with familiar with the -- people familiar with the matter. is if one country? many countries? >> there are lots of questions we do not have answers to at the moment. it is never a dull day in the world of uber. i think this is the second justice department related inquiries. we have the other effort to hide uber drivers from law enforcement officials. here, we do not know exactly the focus of the inquiry. is cooperatinger and we will be getting more details as soon as i get off the tv. working on it. caroline: certainly. justice department, they are not giving any statements either. eric: right. caroline: we will see how that unfolds. they have had many a challenge.
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a silver lining that a new ceo has been announced. well, has not been announced, but certainly was on the table. we hear from the ceo of expedia who is likely to be coming to uber as ceo, dara khosrowshahi, and it looks like he is up for the challenge, but not unaware of some of the challenges that do indeed face him. eric: right. he has the opportunity of a lifetime. diller point, barry acknowledged he will accept the offer. our services have been saying that. uber is just dotting the i's and crossing the t's. to your point, he talked about diversity a little bit. expedia seems to have done better than uber at least in terms of recruiting female software engineers. definitely something uber needs to improve on. sort of took a tone of, i need to take in the situation, but he talked about broadly the
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problems in the industry in terms of diversity and inclusion. caroline: certainly top priorities for him. this feels almost endless, but notably, he has to get himself a cmo, top-- a cfo, executives. eric: shoring up your executive team for a.c.l. is a top priority. a top priority. at first, the company already said they want to hire an independent board chair to sort of bring a fresh perspective and independence to the board. i think that is going to be important, but obviously he will have to do that in cooperation with the existing board. like you said, there are some any vacant positions. they definitely need more top engineering talents, top operations talent. filling the team will be a top priority.
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caroline: what about the ongoing saga that is the battle between benchmark capital and travis, was previously the chief executive? that sideline show does not seem to be going anywhere. eric: yeah, exactly. it is a huge fight going on and missed all of these other issues.i think there is another hearing tomorrow . there is a question of whether travis will be able to bring this case to a private arbitration which would take it out of the headlines a little bit. right now, it is benchmark, uber's largest investor. asking travis to really quit his three board seats while the former ceo of the committee wants to hold on and have sort of a big role on the board going forward. that the notsue get resolved as many people hoped it would as a result of the ceo search process. caroline: this ongoing feud going on in the public arena
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between the previous ceo and the investor, the top investor of uber. you have now to be unveiled breaking news the department of justice is investigating, looking into potentially whether they violated bribery laws. you have the ongoing need to hire executives. is dara khosrowshahi up for it in terms of capable? the people you're are talking to, is there a sigh of relief? is he the right man for the job? eric: he is not the type of industry -- titan of industry, but there is a lot of confidence. this is a guy who ran expedia very capably fracking 12 years. -- for i think 12 years. he has the connections in government, outside of them, and has the expertise to work with government and try to bring uber sort of back under control and in-line with regulators and the
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law. i think he definitely understands. he has to understand that is a major challenge he will face as ceo and clearly something that he has some capability to handle. caroline: opportunity of a lifetime as he called it. it is never a doll moment as you say. we will let you get back to the breaking news. thank you very much, eric. 's growth thisle year has led to a massive payday for ceo tim cook. we will break down how the competition stacks up to other tech leaders this year. the future of elective into your attention from you can find it on the tv on bloomberg. you can send our producers a message along with a chart. this is for bloomberg subscribers only. check it out, tv . this is bloomberg. ♪
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apple havehares of hit a new all-time high today. a record cap of massive growth in stock price this year, which is 40%, and it could have further to run with the average price target for the stock among analysts still inching slightly ahead at $174. 's stocke, apple's success this year has helped push to some cook to new heights. last week, he was awarded shares, nearly $90 million. his total awarded competition was $150 million last year compared to $72.9 million in 2015. more details on cook's payday, let's bring in our guest who wrote about the topic from bloomberg news. fascinating. talk to us about how the
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conversation is done for tim cook. explain the structure.in some ways , he voted for it himself. >> yeah. apple has a special set up with tim cook. when he came into the ceo role, apple said, we will give you a massive chunk of stock that you will get in two increments of 10 years worth of to $370 million at the time. a couple years later, it was restructured and split up over the years. so cook in a typical year can collect about 280,000 shares as long as he remains on the job and another up to 200-8000 shares if apple share price apple's0 shares it share price beats others. caroline: wow. i am looking at the pay go function on bloomberg. you can see how he really is highflying. number two at the moment in terms of where he stood
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previously. talk to us about where tim cook stacks up versus the rest of the tech ecosystem with this new competition being handed out. anders: in the bigger scheme of things, it is almost absurd that even tim cook's figure, which is really high, does not hit the ceiling when it comes to paying in the tech sector. we have seen walmart north of $200 million in 2016. prior to that, we have another who every year gets stocks from google. even though apple's gets quite a bit of money, it still does not tend to be at the very top among those guys. caroline: nothing like a little bit of m&a to help the likes of walmart, which always helps his compensation. talk to us about whether or not this will be sustained. will we see tim cook's
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compensation tied to the share price performance? should it be perhaps tied to another critical measurement? anders: that is a frequent debate among pay consultants and people in the boardroom and the executive suite. is share price really a best performance? some say you should focus on internal metrics like revenue or product development, which will in turn drive share price, share price being the ultimate goal, but that is not the journey to get there. the way apple's award for cook is set up, it is tied to share price. the board can change that. it has been successful both for shareholders and cook himself. i would not say that i see any change is coming in the near term, but who knows? caroline: how does it fit with those who work at apple, with
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the general public? i am speaking from london where there was so much han handwringing and general public outcry when you see ceos pay significantly more than the average employee and the average person on the street. how doe is it absorbed in america, where it is a little more of the land of those that can make it? anders: making a lot of money is not seen as a bad thing in the united states of america.we know that . cook got a bit of a push back for his compensation when he first signed on with a large $370 million award. it was at cook's request that part of these shares would talk to the company's share price performance and if the shares do not beat at least two thirds of the companies in the s&p 500, he gets fewer shares. ifs far, apple shareholders,
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you have been an apple shareholder, you have been doing quite fine. in the bigger scheme of things, people in the tech sector tend to get more of a carte blanche when it comes to it as opposed to other sectors such as banking. caroline: tim cook says he will give most of it away. thank you very much. great reporting as ever for us. coming up, we bring you an exquisite conversation with thdell chairman and ceo michael dell.has thought on the club, next . check us out on the radio. you can listen only bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm.this is bloomberg . ♪
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delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> i'm mark crumpton in new york, you're watching "bloomberg technology. president trump is in texas to witness the devastation from harvey. he arrived in austin today after a stop in corpus christi where
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he told residents, we are going to get you back in operating immediately. he also received a briefing from local officials. the u.n.,sador to nikki haley says it is time to take serious action on north korea. >> no country should have missiles flying over them like those 130 million people in japan. it is unacceptable, they have violated every angle un security council resolution we have had. i think something serious has to happen. >> yesterday, pyongyang fired a ballistic missile designed to carry a nuclear payload flying over japan. the iranian president warned today that while his country will not be the first to violate the terms of the 2015 nuclear accord with world powers, he will not allow the u.s. to disregard its own obligations. meantime, an iranian government spokesman rejected the calls made last week i u.n. ambassador haley to allow inspections of its nuclear site.
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he says any information about their facilities is classified. russia is also concerned about the planned military drills. the planned wargames by russia and belarus are scheduled to start on september 14. some of its members have criticized moscow for lack of transparency will others worry that its forces may remain in belarus. bloomberg news, 24 hours a day, powered by more than 2500 journalists and analysts in over 120 countries. my colleague paul allen in sydney, has a look at the markets. paul, good morning? as we wait on the last few earnings to come through, borrow the construction company, gold and nickel miner independence group will be reporting. the nikkei futures are also
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looking stronger, markets in japan wait on retail sales numbers for july. we expect to see an increase of a third of a percentage there, and the china airlines stocks are also being awaited. southern profited down 11 percent. later on today, air china and the big banks out of china as well, china construction, i cbc, then go china, all will be reporting. more from the berkshire -- more from the technology is next. ♪ -- more from "bloomberg technology is next. >> this is bloomberg technology, i'm caroline hyde. kicked -- vm world
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has kicked off in las vegas. earlier, our reporter caught up with none other than the dell technology ceo michael dell. emily started by asking, what he was most excited about -- what he was most excited about. >> the world we are seeing is the emergence of this multi-cloud world. customers are figuring out that cloud is really not a place, it is a way of doing i.t.. they are modernizing, automating, existing on premise infrastructure, and also leveraging the public cloud, software as a service and vm ware is incredibly positioned, to enable that new connected future, and to do it in a secure manner. >> when you say multi-cloud you say public and private? >> i think customers are adopting i.t. in a hybrid fashion.
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all of the customers we talked to are already using many different modes of i.t., and when you imagine forward to the future of an enormous number of connected devices, as the cost of centrist comes down, you actually have a distributive computing world that is far more vast than what we have today. >> talk to me about some of the ware partneredm with amazon, made it official, and also with google. what is the impetus to partner with what could be considered your enemies? them isartnership with about bringing together the number one private cloud with the number one public cloud, giving customers great flexibility to be able to softwaretheirvm ware and capability, on a public cloud environment. e capability.ar
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with google, where bringing over very developer friendly capability that a little has brought, to half of the fortune googleth a platform that has created as a cloud operating system, and put it on the open-source community, bringing that all to the 500,000 plus has, in athat vm ware security banner with nsx, creating that kind of developer friendly infrastructure that allows companies to develop these next intermission apps, put them in containers, -- next-generation apps, put them in containers and deploy them. this is exactly what customers want? >> do you have any concern that public cloud owners could still your private cloud business? when a newee is that things up in an industry, it is good for customers, if you stand
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in the way of those, you will do so at your own peril. just like when vm ware first came out as a little company, when it was just starting, dell was the first v server vendor to embracem ware. , we soldrace vm ware fewer servers because we could virtualize the server, but we ended up selling a lot more servers and we could imagine. now we are number one in the world and growing in double digits. that when customers want different modes of i.t., when they went to the public cloud in addition to the private cloud, it is important for us to listen and to bring the skip abilities to our customers. >> so when it comes to the amazon deal, or the google deal, how can tell use that deal? and pivotal are both part of dell technologies, and combining all of our sales
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force across the company, our channels, we will be ringing those given released -- bringing those capabilities to the customers. one of the things we have seen in the combination is the idea that customers actually do not want to have more partners. they want fewer partners. number oneging everything all in one place to our customers, we have seen a really fabulous response. revenue synergy is greater than we thought, faster than we thought, and it is because we brought this broad capability. they go together like in a butter and chocolate. >> that was bloomberg's emily chang speaking as possibly with .he d -- the ceo of dell meanwhile, showtime is being sued for problems with its live streaming during the blockbuster boxing match between floyd mayweather and conor mcgregor. the lawsuit claims that the five
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provided through its paper view up did not provide clear access to view it despite paying the full fee. the suit is seeking either $200 or recovery of actual damages. to order onable paper view online, without requiring the tv subscription of showtime. now coming up, it is turning into one of the most hotly contested investing debates this year, as the valley of the corn continues to rise, are we in the midst of a digital currency bubble? this is bloomberg. ♪
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caroline: it is another day, another new record for bitcoin. it is not trading at about $4500 for the first time. made a haven, and geopolitical stability, or is it a bubble? i am joined by someone, and managing director of watching capital in san francisco. they claimed the first to be -- they claimed to be the first vc fund invested in many platforms.ncy wonderful to have a joining with us. record high? it havenubble, is status, is it going to get any higher for bitcoin? >> is it a bubble? short-term, maybe. long-term, definitely not. we have a bunch of assets that
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are up anywhere from 4, 10 hundred x, but on the flipside, -- two 100 x. but a majority of people have never participated in the ico. so it is still early. caroline: we could see the more geteneric, retail investor ability to access this asset class that much easier. there are talks of it -- oven atf being launched by gemini. how do you see the burdening of access to this investment class? will see some more regulated and more institutional focused investment product. --lier this year, i was at and bear on whether etf would improve, and i switched my position. we will see if fully regulated derivatives market rolling out for bitcoin in the second half of the year, if not latest by
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first quarter next year. that will pave the way for a good etf as well, making it a lot more accessible for investing institutions. the average everyday person on the street can already do this, anyone with a smart phone can participate. block jim d at its own ico and we had for dissipate from all over the world. >> your own ico, you release your own tokens. what about the ico market? the regulatory of dust the -- theory view of regulatory view of the ico market, how does it affect the plethora of ico's that we see coming from the market? >> i think overall, it is welcome. we have been looking at this and seeing something that is wonderful, this anniversary -- universally empowering technology allowing people to participate on a global scale. that is a good part of it. the bad side is that the market is attracting a lot of the penny stock pumpers, and outright scammers as well.
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so the sec showing that they are aying attention, is overall good signal for the market and we have seen similar moves across the world from other financial regulators. caroline: as someone has a smart phone at the ready, when he to start to get into this particular asset class, tell me how i would go about doing that? and also tell me how i would make sure that i am not duped by the scammers that are out there and buying the wrong ico, had women sure i am buying the right white paper? >> you do have to be careful out there. there are a lot of websites that are read a list of upcoming ico's. one of the ones i would recommend is ms. and crown. -- is smith and crown. there are other firms, brand names which participate in ico's . you can assume that they are good check mark of due diligence. you can also deep -- you can
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also do your own due diligence, understanding that they will not run away with your ico cash. about the ongoing industry potential change that we're going to see? this is all underlined by block chain capabilities. this is something that could revolutionize the way the government's keeps records, the energy industry for example, the way it is deployed. how will we see block chains or the actual technology revolutionizing the way in which we work? >> for work -- for one, we are already seeing the way it changes the exchange of money and assets. some prettyg exciting projects being announced over the next coming weeks, one of which uses tokens to incentivize a secure network that could provide a more private and secure internet around the world. we are talking about the type of network the might be able to bring wikipedia to china en masse. and freelobal
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internet. caroline: i am also seeing the whopper coin! apparently russian burger king is launching its own token. one of the more ridiculous features in which we're seeing ico's being deployed, howard douglas could it get? >> it is anybody's guess -- how ridiculous could it yet -- could it get? >> we are seeing ico's attracting a lot of people trying to put their claims on this. and i think that announcement from the russian burger king was one of these incidences. i know it has been a big headline grabbing think outside the industry but it is not getting as much circulation within the industry. in the first work virtual capital fund in 2013, in cryptocurrency. we saw the first bitcoin slump
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and concern in 2013. when do you see it going mainstream, when will i be able to discuss this with my parents? >> you know, it is 30 happening in a large respect. even a year ago, as someone who has an at the super bowl for a long time, i did not imagine how quickly the sentiment to change. a year ago, people were still skeptical, trying to answer a couple of questions. now people are saying, they get that there is something here, but they do not quite understand it but they are 90% of their. about have conversations it, everybody wants to ask me about it. uncles, nephews, and i think as we start to see more mainstream investment products, like in etf's, and as banks start offer more cryptocurrencies. >> services as well spencer bogert. bogert, managing director of blocking capital, great to have you with us. coming up, and you shared workplace, big plans to take on the likes of the way we work.
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caroline: dominoes is about to test their cut -- their customers appetites for driverless deliveries. the pizza chain is laboring with ford motors to do a test program. during the test there will be a driver at the wheel, but with blacked out windows, and they will not be interacting with customers. when the car arrives, users will use a pin code, to go to the back window and retrieve their pizza from a heating compartment storing the food for transport.
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the customer receives the order that way. dominoes pays a global be to see if customers like the idea of being -- physically able to get their pizzas from the car. the joys of technology. now, competition in the shared office market is heating up. lofty goals ish this 1, 4 hundred in 2015, providing offices in various locations across new york and san francisco. they received a $20 million funding round. with its biggest competition ew ork, showingon we w no signs of slowing down, we asked the ceo about their company. >> why would i go to you, rather than we work, or other companies for example? >> it depends on if you are a real company. we do headquarters as a service.
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it is an old idea, the idea of small teams of people sharing a couple of offices together. regis has been around for a few years, but what we do is take it to things that companies really need. toyou have a company with 50 100 people, you want to focus on your business, not sign leases. the way to do that is to have someone provide you with headquarters for your service which is what we do. >> so it is anger, what about sid -- so it is bigger. >> yes, we have been growing so fast, but just the last two years, -- we started at the end of 2015 and now we are at 25 locations -- 2500 locations in new york. talk to here partly to you guys in san francisco, and to announce that we are launching in san francisco as well. our first location will be at 5th street and mission, and we will hopefully have a lot more.
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caroline: you have the lofty aim of becoming the number three provider, more than one million square feet leased by 2017. how is that going? >> it is going well. the thing that changed in real estate in the last 10 years is that it became possible to use the ideas of human -- of e-commerce and marketplace to get things like homes and residences under control. before, you just learned about your home, and now the transformation starting is that for probably 100 years, people have been sharing offices in london, and up to this moment, still, less than 1% of mobile office space is flexible. flexibility is the thing that everyone wants. the lease is the taxing medallion of the renting services, and there will no longer believes is in times to come. it is going to be real companies who do that and those are the companies we serve. >> it is interesting that you mention london. london has just been announced
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as the number one demand for office space in the moment, not coming from the banking for tech sector, but coming from the flexible office provider, from the working providers. are you going to go internationally, coming to london? >> we will be there very soon, and in person and on stage. every part of the world, there are super cyst -- super cities which are worth tens of billions of dollars of revenue each year. we thought that we could probably win 100 times the business, just in new york and not even scratch the surface. it, and, the market is we are moving to san francisco, and other cities because the market is ready for change. there is nobody close, the biggest players, the oldest rp inrs like serve co australia, and regis in london, they are big. everyone else is so far behind, but i think we're the next one. >> do you have to be over a certain size -- two b of a
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certain size taxes are offering? >> we serve bigger -- do you have to be of a certain size to access your offerings? >> we serve lots of companies. everybody who is coming in to see you, when a smaller company comes to me and says we are starting a business and growing a lot. should i go to a co-working place, i tell you you will have to be 50 to 100 people before you know it, so come here and work for free. anybody who contacts me, we find a place for them and before you know it, they are running multiple floors in buildings in manhattan and hopefully san francisco as well. caroline: need money? >> the vastness of our ambitions, we have only just begun. iss category of real estate so colossally huge, when i hear comparisons to something that all that exists, i point out that 90% of the market is not flexible. it is old-fashioned.
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even the biggest owner you have ever heard of his tiny. ofthere will be hundreds millions of square feet, in the years to come and yes, we will put capital to work. >> interesting stuff, thank you knotel ceo. glad to have you with us. and good luck to your expansions. on wednesday, we will bring our exclusive conversation with catskill financer ceo of vm ware . as a reminder, we are live streaming on twitter, weekdays at 5 p.m. eastern, and 2 p.m. in san francisco and 10:00 p.m. here in london. that is all for now. this is bloomberg. ♪
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♪ >> from our studios in new york city, this is charlie rose. welcome to the program, tonight, jon stewart, the former daily show host. he is the subject of a new book called "the daily show." the orrespondent -- >> any artistic pursuit, is a relatively selfish pursuit. it is a catharsis for the individual, and a way to express and feel get them out the seduction of it is, is it going to score or not?
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