with a russian lawyer, according to a person with knowledge of what was said interview.staff trump jr. also said he went the fitness of hillary clinton. british, french and dutch are rushing aid to caribbean islands after hurricane irma left at least 10 dead and thousands homeless. the monster storm is tracing a course for a potentially catastrophic strike on florida. by puerto rico this morning leaving thousands without running water or power. passed the aid bill for hurricane harvey, the askage nearly twice as much president trump requested, including raising the debt ceiling for three months under a democrats made with the president. three people familiar with the matter say the white house is sixidering at least candidates on the growing list of nominees to succeed fed chair after the "wall street journal" reported wednesday that president trump

is unlikely to choose his top economic adviser, gary cohn. news 24 hours a day powered by more than 2700 journalists and analysts in more countries, i'm alisa parentes. next.berg technology" is up, amazon's next big move. the house that bezos built to set up another h.q. project big enough to house 60,000 employees and each city has until the end of october to put in a bid. pro refreshes its outlook. the c.e.o. joins us to discuss,

the ongoing turnaround on track and what could be the profitable quarter since 2014. and one year after the biggest tech history, taking stock. michael dell joins us on a wide ranging interview. we ask for a status report on dell e.m.c.ion position. amazon on the hunt for a second calling h.q. 2 with a hefty price tag of more than $5 billion. seattle internet giant is asking local and state governments to submit proposals new headquarters that could house as many as 50,000 workers, many new hires, each possible yearly compensation exceeding $100,000. theeconomic impact for winning city would be significant. amazon said investments resulted $38 billion tol seattle's economy.

to discuss, garrett duvain. know about this and how many hires will amazon be making? >> they'll make 50,000 hires. number they gave was 15 to 17 years so an almost two-decade project they unveiled. it's unusual when you look at how amazon usually goes about building new offices and buying real estate. usually they're quiet about it taxsay they have special structures to shield the fact that they're looking at new and much of that is when they go out to do warehouses but be a massive new campus and called it another headquarters, saying it will be their same level as current seattle presence. anchor: in part, they're doing this because seattle can't growth.ate their

but i find it interesting giving historic frugality of the company. howon, what do you make of amazon is approaching this process? >> i spoke to an analyst in who said he was disappointed that amazon didn't to expand offices inside their home town and felt foras the fault of seattle not being business friendly enough to amazon, the company had to go elsewhere. that was an interesting point that maybe this is not a great thing for the city of seattle, even as that city has struggled with the housing crunch and real estate crunch that amazon's expansion has caused there. emily: gerrit, you have cities throwing their names in the hat, chicago, for example. likelyiest places

amazon? gerrit: probably a couple of thrownnal cities have their names into the hat. you have people tripping over amazon'ss to get attention, ranging from smaller tucson,louisville, straight to the top, some of the biggest cities in north america toronto, chicago, are having interested. be a "hunger games" process. it's hard to estimate how big an have on thecould city it ends up being in. calling around, talking to people today, no one has seen anything this big, one massive deciding all at once to put this many people, although over many years, in one place. one number i thought was particularly interesting, we had someone estimating that amazon receive as high as one billion dollars in subsidies and

to actually thing build in a certain city so we're see proposals coming out in the next weeks and months. know: shirra, what do we about what the employees will be doing? shira: amazon said they would to teams to decide who works where but these are jobs.aying so every mayor, every politician will want to take credit for bringing up to 50,000 high paying jobs to his or her city, a no-brainer, but at what cost. we've seen that debate more over more and the last couple of years including recently in wisconsin with the foxconn plant they're to open to build kind of the television displays and ofer things and the state wisconsin is granting foxconn something like $3 billion worth

kinds ofd other incentives and there's a legitimate question about whether the job creation is worth the lost tax revenue to and states. emily: meantime, amazon is continuing to make unique and somewhat unprecedented partnerships. they have partnered with microsoft when it comes to thatal assistance so amazon alexa can coordinate with and they'llcortana be opening physical amazon kohl's department stores on the back of the whole foods acquisition. you make of do this? newst: there's amazon almost every day these days but on digital assistance, or intelligence assistance front, amazon is able to put themselves in that because they have such a large lead when it comes to to alexa device compared competition from google and cortanad the microsoft

system is popular on dexter desktop soso the -- dexter is way amazon seeing it having these systems able to talk to each other is good for the consumer and because they the hardware, they want to consolidate the market ahead of competition. emily: lots going on with amazon. you,t and shira, thank both. the federal emergency management saw reserves cut in half over the weekend after the caused by hurricane harvey and now with hurricane irma. house speaker paul ryan issued a dire warning for irma. people on smartphones are quickly applying for fema relief applications are being approved and money going out the we'veay faster pace than experienced before to the point where o.m.b. is telling us fema

run out of money as early as tomorrow and no later than tuesday. emily: senate republicans agreed to more than double fema's funding, more than twice the nearly $8 billion the house approved on wednesday. coming up, it is the one-year techersary of the biggest deal in history. i sit down with michael dell for a report card on the company, $67 billion acquisition of e.m.c. and "bloomberg technology" is twitter.aming on check out out weekdays 5:00 p.m. in new york, 2:00 p.m. san francisco. ♪

emily: shares of fit bit rose 11% in thursday trading, the over a move ma -- in month for the fitness tracking

company. a partner with com. the move shows the company's efforts to venture into health in general. a year ago today, dell completed its massive acquisition of e.m.c. historic $67 billion deal created dell technology, a operates everything from dell and v.m. ware, still publicly traded. dell faced several legal and regulatory hurdles along with skepticism but after a year is reporting an increase in sales and gains in new customers. i sat down with michael dell for an exclusive interview and asked report card.ear michael: i'm encouraged. our reaction is positive. our employee engagement scores

are record high levels. are comingergies bigger and faster than we thought. we're paying down debt at an so a lot oface things that could have gone wrong didn't go wrong and i'd say the biggest surprise we've had is we haven't had a lot of surprises and certainly you see success that v.m. ware is thevery important part of dell technology family is enjoying but across the family, is doing very well. emily: you mentioned taking on $51 billion in debt and a p.c. that has been sluggish. how have you navigated these challenges? michael: it's our 19th quarter in a row gaining share in p.c.'s. have questioned the durability of some of our businesses but they've held up we're gaining share so

navigating transitions as we bringing the family customer reaction is strong. v.m. ware gained debt to expansion,owth and grades increased from all three agencies. emily: we talked about how the are big and getting bigger. do you think that will continue? michael: i do and the reason is that customers don't want to small whole bunch of companies to work with and there are deep technical reasons why more things should be integrated. if you think about what v.m. integrating,, networking and compute and how youzed storage and manage in a software defined muchr, that's very consistent with what customers want and it's really about how

create a cloud environment but in an on-premise fashion. emily: how do you stay nimble and innovate from within? m&a? it about michael: it's not either or. it's both and it's also the alliances and partnerships and newure capital we deploy in companies. we'll invest four, or five -- in r&dan $4 billion across the dell technology's family. emily: where do you see yourself years? michael: what i see from our customers is that they're four transformations simultaneously so it's an exciting time in our world. digital transformation. how do you use all this data that's being created with all smart, intelligent censors and nodes created, explosion in connected devices and the new age of human machine

interaction. is a c.e.o., board level agenda item in every company deal with, ok. so that's the first one. the digital transformation. the i.t.have transmission. transformation. how do i modernize and automate my infrastructure to run that efficiently so i can fund the digital transformation. forceou have the work transformation. how do i make sure that the people inside the company have tools so they can be productive and efficient and giving them the cost thing possible but i want to retain the high-quality and peoplei have have learned productivity devices are important and the last one is security. the attack surface is getting much greater. a broad set of capabilities to help customers

defend and protect their most critical information and data trust andss is about assurance. the sophisticated nature of the attacks is only increasing and that's an incredibly important our customers so we're focused on those four big transformations. we're unique in the capabilities we bring across the whole spectrum and that makes us highly relevant for customers and that's why we're growing the overall industry. emily: we'll have more from my with michaelerview dell, c.e.o. of dell technologies, later in the show. coming up, we speak with chief on theng officer company's optimistic earnings outlook next and a feature i your attention, interactive tv function, at tv bloomberg. you can watch us back. if you miss an interview, you

and send ouro it producers a message.

emily: spacex launched a rocket ahead of hurricane irma's florida.arrival in the air force is keeping a lid on what the shuttle will be doing but its last mission lasted close to two years and touched back down in may. keeping with tradition, spacex landed its leftover booster back freeze.canaveral for a gopro said that third-quarter revenue and margins would be at end of the company's forecast. gopro is in the midst of a turnaround plan that includes cost cuts and updated product

line. selena wang is standing by with a special guest. >> joining me now is gopro's officer, c.j.g prober. what is driving the positive now?ts right >> thanks for having me. one of the things that wasn't preample andthe that we're most excited about about our q3 announcement is that we'll be profitable in an q3, which is a big development, in addition to the high end of the range on development and margin. what's driving that is the hero product we've ever launched and we're seeing really strong demand for it. in addition to the differentiation we've enabled in hero 5 in terms of voice control, water proof, cloud connected, we have an amazing

software ecosystem that allows consumers to move content from cameras to phone automatically. we create a video for the consumer automatically and they heart'sk it to their delight or share it directly. >> you've been talking about the camera, hardware and software easier to use but the fundamental question remains, what is a value proposition to the average consumer that's the camera on the smartphones?g >> if you look at the movement happening on platforms like e chat andand w content creation that's tip of thend the spear consumer on those platforms. the phone doesn't enable versatility, sufficient immersive capture so trying to do with gopro is free our consumers from capture experience and let

them live the moment, live the activity, capture the activity and on the software side, we sharing experience of that content to be as easy as if you capture it on our phone so freeing our consumers from capturing in the moment to living that moment and enjoying having the same convenience that you have today with your phone. projecting return to in q3.profitability should we come a sustained profitability beyond the end of the year and if so, how? >> we set a stretch goal at the the year to be profitable on an on gap basis of 2017 and we expect to achieve that. we also expect to achieve double-digit revenue growth this year and as it relates to next expect to be profitable and more profitable reason for that

is we implemented a number of cost measures, in march of this it took several months to get those costs out of the system so we're going to have full-year benefit of those cost savings next year with growth, lowernue authex. expect to expand margins with our road map and expect to profitability in 2018. >> the company is announcing positive news today but the shares are down a third so what are investors missing? >> i have been through a turnaround situation like this the stock price always lags performance. we don't focus too much on the stock. it's our job to deliver amazing products for consumers. deliver anb to amazing work environment for employees and it's our job to deliver against the expectations we set for our investors and first quarter, second quarter and now the third

meeting in addition to expectations for consumers and meeting expectations for employees, we're meeting expectations for investors so in a turnaround like this, it takes time for the stock and investors to follow but we're confident that we're going to continue to comete and that that will over time. are at the city global tech conference right now. what are conversations like with investors? how is it different from previous years? 12it's quite different from years ago. there's a recognition that gopro has a sound foundational share ournd as we vision for the future and how gopro can become an extension of smartphone, an untethered lens to the smartphone, the theussion is how big can opportunity be, how much of the instagram content share, the we chat content share can gopro capture so the discussion is from istally shifted

the business sound toes why, the core business is sound and growing and now how big is the opportunity ahead of us. prober, c.e.o. of gopro, us.ks for joining emily: coming up, a dark day in magic kingdom. disney's stock takes a dive. ♪

mark: i'm mark crumpton in new "bloomberge watching technology." rescuers are rushing aid to a of caribbean islands after hurricane irma left at least 10 dead and thousands homeless. >> these are our people, they're british nationals and we'll do

get helpg possible to to them in this appalling devastation that the hurricane caused and to help in advance of the hurricane that's it.ng behind mark: irma, the most potent atlantic hurricane recorded, could slam into heavily earlyted south florida sunday. house speaker paul ryan says the deal president trump cut with democrats on harvey aid made devastating storm and another looming. ryan said the president didn't want to have a partisan fight in the middle of the response. the u.s. has awarded more contracts to build prototypes the wall president trump wants to build on the border with mexico. prototypes for for four see-through walls. last week, it announced prototypes for contracts for types.ncrete they would cost a total of $3.6

billion and to be built in san diego. spain's constitution court for aded the call referendum on catalonia independence. prime minister said the government was challenging a meant to legitimize the byependence vote and deknee the catalan government summoning october 1 ballot. global news powered by over 2700 journalists and analysts in over 100 countries. is mark crumpton, this bloomberg. my colleague, paul allen, has a at the markets. paul: we have futures quarter of higher for the last trading day of the week, nikkei moment andker at the we'll keep an eye on the u.s. dollar, japanese yen cross rate of data out oft japan. balance of payment, current

account and trade for july to hold steady at 4.7 billion dollars. the second quarter expected to weaken to 2.9% reflecting a lower read on private cap-ex. data out of china, trade improve by $1.5 billion in august. expected toexports slip about 1%. elsewhere, waiting on the trade taiwan for of august, as well. i'm paul allen in sydney. from "bloomberg technology" next. ♪ emily: michael dell company's massive merger with e.m.c. is bigger ishe ethos of better. since the deal was finalized, has assembled a

rising push back from demand from competitors. i asked dell about the strategy and if his goal is to be the largest company left standing. michael: i think if you look at world,going on in the i.t. is actually shifting to technology, where you can't actually do anything technology. where you can't actually do anything without technology. you can't sell anything. you can't buy anything. can't make anything. can't have customer relationships. and this is true across organizations of all sizes and government, society. and so, i actually see the overall market when you consider the role technology is playing getting much larger so when i go visit the largest industrial companies or automotive companies, manufacturing, retail, they're thinking about how they use data in a different way.

applications are very important. but ultimately it's the data that drives a business and when you start to layer on these next generation computer science, artificial intelligence, learning, data is the fuel for that. we store more than half the mission critical data in the world and the amount of data will grow much more in the next 30 years than it has in the last 30 years. it's doubling at a faster and faster pace because of all of these connected nodes. emily: you're not fully private, still a public company. will you ever go public again? michael: we're happy with our privately controlled structure. we have two public companies in the group and it's working quite well. emily: we talked about m&a earlier. you said you were going to do a lot of m&a but it's been fairly quiet. why is that?

is it valuations? are you not seeing anything you like? michael: we've done some m&a inside v.m. ware, done a little bit in dell e.m.c. we'll continue to explore m&a. our dell technologies capital group is investing in companies businesses, 48 months into the future, working on new things. there's also what i would call a wicked consolidation going on in the existing parts of i.t. and we're using our supply chain, our scale, breadth, portfolio effect and innovation to drive that and gaining share in that core, as well. emily: would you be more likely to invest in hardware or services at this point when it comes to m&a? michael: if you look at the things we're investing in, it's artificial intelligence, machine intelligence, next generation processor architectures to

enable new computing models, it's cloud, security, how do you enable the cloud native apps -- those kinds of things. we're pretty good at hardware, right, and we're going to continue to grind away at making that more and more efficient so companies can run their infrastructure in a super efficient manner and look, we've got a massive innovation engine internally and with our partners to help make sure we continue to gain share. emily: when you look at the competitive landscape, who can challenge dell more than it has? michael: there's no shortage of competitors. we happen to be doing well relative to our competitors. i think the best way for us to plot our future is really to listen to our customers. if we're going around following our competitors, that's not really a great strategy.

emily: h.p.e., is it still the rival it once was? michael: they're not doing so hot these days. that's a better question for them but we're clearly gaining share and they're clearly losing share and some of it is this portfolio effect. i think our innovation engine is on high. we've passed them in servers. we're far bigger than they in storage. look, customers ultimately will vote with their feet and their dollars and they're voting for dell technologies. emily: in a few moments, we'll have more on my interview with c.e.o. of dell technologies. nearly 5%red dropped today, posting their worst day c.e.o.anuary 2016, after bob iger said this year's earnings will be in line with last year. analysts were predicting an earnings boost in 2017 of 3%.

disney is under pressure to profit after paying high fees for sports rights on espn. joining me to discuss bloomberg's intelligence of director of north american research, paul sweeney. iger's remarks at a conference in beverly hills, put them into context for us. big takeaways from your perspective? paul: the bank of america merrill lynch media conference in l.a. today with a lot of news coming out of this conference, causing the media stock sector disneyrperform led by and comcast. in the case of disney, the key walt for investors for the disney company is the cable networks business, principally espn. about the cost cutting across the industry, the loser pound-for-pound is espn because espn gets about per subscriber per month for espn so to the extent they're losing subscribers as

consumers cut the cord or go to that impactss, disney in a big way. the walte headwind disney company is dealing with past year or two, still impacting them. emily: talk to us about espn. this has long been the crown jewel but there have been problems. what do you think is the future of espn? paul: bob iger today continued the futuresome of initiatives for espn. the key issue is to take espn consumers, much like consumers can get netflix directly over the internet. toy don't need to subscribe a big pay tv package. that is currently the for espn andmodel other cable networks today. all cable networks including think about can they go direct to consumers over the internet and will consumers pay for this content and how much will they pay. so just last quarter, several weeks ago, when they released

their earnings, disney announced they will bring an espn app to year.rketplace next we don't know what it's going to be priced at. we don't know what content will be on there. get much more news today so investors feel like this is a move that disney has to make. question is, are they too point. too late at this emily: there's been great fascination around the succession plan at disney. bob iger decided to re-sign for that,more years but after what do we know about who comes next? paul: that's a problem. know a lot at all because i don't think the walt its board ofy nor directors knows a lot right now. we know bob iger has two years he'son his contract and extended that a couple of times. the very well thought out itcession plan the company over the last seven or eight years did not work out, really at the last moment, a real problem for the company and they're left trying to figure out plan b. internalave

candidates? no one appear at the top of the list so that suggests they may go outside of the company and you could argue that the walt disney company is arguably the there and. job out there should be interest in it but the question is can they get theright person to lead the company into a more technical world. sweeney from bloomberg intelligence, thanks so much. hasjor security breach exposed personnel information of the u.s.alf population. exposedsaid the breach social security information and americans.40 million intruders accessed names, social numbers, driver's license numbers. we'll keep you updated as that story develops. final part of my exclusive interview with michael dell, discussing the between silicon valley and the white house.

emily: square is branching into banking. the fintech firm plans to submit thursday to form a wholly owned bank based out of utah to offer loans to small businesses and be capitalized million in cash according to the "wall street journal." the move comes at a time when are givingulators their blessing to start-up banks on newhe clamp-down banks following the financial crisis. president trump has stirred controversy with business the country but michael dell says he's glad he interacted with the white house and that it's important to have a seat at the table. in my interview with dell c.e.o., i asked him

about the rift between silicon valley and the white house. michael: i think it's important have a voice and to be able to speak our minds, whether disagree.r and fortunately they usually listen to us and that's a good us to be able to go and express our opinions. on one of were president trump's business councils before it dissolved, after thehis remarks charlottesville protests. i'm curious what was going through your mind as that was unfolding? jewish-american, i was horrified to see people marching in the streets with nazi flags. be?could you not built our company isa place where anyone welcome and anyone could succeed hate and anger

that exists in the world whether it's in charlottesville or the terrors any of world, this is not the answer to the challenges exist in the future so absolutely horrified to see that. had to faceure you your own moral dilemma when you you should respond. why did you remain on the council when others were leaving? michael: a lot of discussion among c.e.o.'s. were calling each other, what do we do? what's going to happen? do we talk about this with terms of not specific to a council or that but how can force giventructive

this hate that's out there. thats we were having conversation, the president decided to dissolve the councils look, we, as i said, have a responsibility to our people and think to the world. i think we can be a positive voice for change and progress in the world. emily: is that a moral responsibility, where does that responsibility end? business leader? where does that start and stop? think whenok, i you're successful and you've there'sen opportunity, a responsibility that comes with that and i have been very blessed and fortunate to have many opportunities and i think of what we'veud done in terms of our company, what my wife and i have done with our family foundation. comes to when it policy issues, whether it's tax

--orm or playstation, immigration, what are you hoping to see from this president? michael: we were vocal in speaking out against the border adjustment tax. we thought that was a bad idea and for all the folks that said you shouldn't have met with the president, i'm glad i met with the president because i told him it was a really bad idea and it seems to have died. whether that was because i spoke was aprobably because it really bad idea -- doesn't matter. we're going to speak up no matter who is in charge because think that's our responsibility. emily: do you have any concerns about the political uncertainty leading to market uncertainty uncertainty?onomic michael: i think a reflection on that is wow, it's pretty amazing well the american economy is that things aren't working as well as they could. look across the world

and say what economy is doing better than the united states, rather investu than the united states -- so we have a lot going for us even there are opportunities to do better. emily: michael dell there, tech -- dell technologies. the story behind the top dating the lgbt community. ♪

emily: bloomberg's new series, love disrupted, explores how technology is changing the way in asia. in asia. one example is blue city, a top player in the lgbt market. bloomberg explores how it's changing the way gay men live china.ives in

>> this is one of the four grand york'ss leading new pride parade this year but in beinguntry he comes from, gay is social taboo. the c.e.o. of a beijing based a missionompany is on to improve the lives of millions china.men in [speaking foreign language] >> blue city runs an app and for gayspecifically men, one of the biggest gay networking apps in had the world. apps, blued is more hook-ups.g or

studied at0, when ma a northern school in china, he he didn't feel like everyone else. after visiting foreign websites with different attitudes to homosexuality, ma created his a chinese audience, evenraging people that -- though attitudes towards

homosexuals are slowly changing china, it's still a social -- stigma.he d wheretual world of blue is a realn be honest difference for their lives. self made styles are virtual audience. kyle and claus, a couple that live -- out,n, blued isaming on something different. forrnment's rules

acceptable content online may shift quickly in china with lgbt material in a gray area, many companies feel the chill of the crackdown.rnet but blue city still runs as usual. ma has won the chinese government's trust by helping with h.i.v. prevention among gay men. third of the stast is ded -- staff is dedicated to screening pornographic content. in the past five years, blue city has grown from a team of promisingle to a business of 250 staff. ma said the company earned over million u.s. last year mainly through advertising and selling virtual currencies to streaming audiences. now the company is expanding overseas.

emily: that was it, the first of bloomberg's new series, "love disrupted." oft does it for this edition "bloomberg technology." on friday, one of the biggest names in crypto currencies will weigh in on bitcoin's massive year. is bloomberg. ♪

so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver.

announcer: from our studios in new york city, this is "charlie rose." >> good evening, charlie rose is on assignment today. the escalating conflict with north korea has cast a spotlight on the shifting power dynamics and asia. presentmains ever competition. --na's growing chow or growing power calls into question the u.s.'s role. richard mcgregor wrote a book calle