check ofstart with a your first word news. mexico city officials say 52 people have been rescued from the rubble of collapsed buildings after tuesday's 7.1 magnitude earthquake. the quake killed at least 225 people in several states. search and rescue efforts are still ongoing. mexico's president has declared three days of national mourning. total -- rita caused a hurricane maria caused a total blackout in puerto rico. it is the second hurricane to hit puerto rico in two weeks. no word yet on deaths or serious injuries.

the whiteller wants house to submit documents related to the firing a farmer after the eye director james comey and former national security advisor michael flynn that is according to "the new -- "thees the request new york times." james lamotta has died. was portrayed by robert de niro in the oscar-winning movie "raging bull." he was 95 years old. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries.

cory: this is bloomberg technology. i'm cory johnson in for emily chang. will bring you highlights from the bloomberg business forum, addressing economic growth and prosperity. we will start with emily chang interviewing jack ma. technologyd with how is leveling the playing field for small business. the world is shifting from big companies to small companies. about passionate entrepreneurship's and small business. that is the solution for this century, creating jobs, innovation. if you're not creative or innovation enough -- innovative

enough, you don't have a chance. this is the future of the century. emily: you heard president trump speak at the u.n. what is your relationship with president trump? >> we had a discussion last time , talking about china-u.s. a trade relationship. i think the china u.s. relationship is critical in this century, especially the business side. i think they are making progress on that. really? trump negotiators just called china an unprecedented threat. what do you make of that? >> that happens here and there and now and when. way, if you see it optimistically are positively, they are understanding each other better.

i think the next two years, there's a lot of conflicts all it reliesbut whether on the wisdom of the leaders. emily: what about his attacks on north korea, when he says that u.s. will totally destroy north korea if they threaten us. is that the right approach? >> when i hear about that, oh, yeah, for people like us, we peac we don't- want people killinge. peace. we don't want people killing. shanking hast she been taking more steps to put restrictions on the internet. this is your business.

what do you make of that? >> really? emily: shutting down of vpns is one example. >> we probably see a different view on that. this is the way i see business. this is our 18th anniversary. , i haveast 18 years faced that all the time. i am the first internet guy in china, since 1995. americans have been enjoying democracy for 250 years. decided in the past 30 years. of things.ing a lot it is making progress. controlling here there, it is about [indiscernible] 95%e should be focusing on on the top of things.

the governing or regulating of the internet is such anything to any government. people like me, i've been talking to the thousands and hundreds of government offices every year. i think it is my responsibility to tell them don't worry about it. this is the way to do it, how to do it. so i never complain and i try my best to educate them. emily: you think ultimately they will be on the right side of history, the chinese government? >> i am 100% for sure because nobody can stop this technological revolution. everyone is learning how to govern, how to regulate. emily: yesterday, you celebrated the anniversary of alibaba's ipo. the market caps on have been flirting with each other. i know you have generally stayed in your own regional lanes. as you become an increasingly global company, where do you see competing with amazon directly? e-commerces an

company and very successful. alibaba is not an e-commerce company. we are an e-commerce enabler. our job is to enable more companies to become amazon. is doing a good job, successful. e-commerce works. we are not necessarily competing, but investors ended generalists -- i spend little time studying how we can compete with them. how we can learn from amazon, and power mower business to be efficient. mla: they recently bought whole foods. you have been investing in groceries for a long time. i'm curious where you see similarities in your strategy. corks in china, the past 15

years, we grew so fast on retail, a lot of people say it destroyed rid -- traditional retail. destroying retailers on our purpose. our mission is helping doing business easier. how can we use our technology, our market power to help with traditional retail. it's not about destroying them. we want to enable them. we invest in and by a lot of .raditional supermarkets we want to learn and then we want to help them all. this is an opportunity. emily: alibaba isemily: trying for a third time to get an approval for the money gram transition. honestly, i [indiscernible] i know so little [indiscernible]

i cannot make a comment about that. trust of the world will be more open-minded. protectionism will stop. for today, this period -- it takes china and the american government to communicate. emily: you said alibaba will come me -- will create a million jobs in the u.s. by 2021. tell me more. we will creates, one million jobs. we want to enable more small businesses in america, helping them sell more products to china, helping them sell more products to asia, which we are pretty good at it. in china, we created 30 million jobs. so each business is their own line that can create at least three jobs. help them to sell to

asia to china. we had successful detroit conferences. you said alibaba has a 3-5-10 e-your plan. plan.5, 10-year >> we always have to think about the future. since 1999, when i said of the business, doing business on e-commerce is like a marathon. fast as auld run as rabbit and be as patient as a turtle. you have to be very patient and be happy. 2101. until

that's in 102 years. in 102 years, we will cross three centuries. accurate you are, the more serious you are, and your and tories and colleagues will take its hearsay. your families and colleagues will take it seriously. that was jack ma from alibaba. toshiba expects to close by march 31. theng up, much more from

bloomberg global business for him. tim cook talks about apple's responsibility is a global civic leader. this is bloomberg. ♪

cory: from immigration to climate change, apple is taking an aggressive stance under tim cook, a different approach from steve jobs. murphy. with megan

>> as a ceo, one of your primary responsibilities is to decide what the values of your company is and lead accordingly. the other thing i think is the think that's the thing that president kennedy used to say which originated from the bible is much is given, much is expected. apple has had some success. so we feel a responsibility to give back, to help in some of society's greatest problems. and so for us, we try to look arely at what issues government working on and our keys in society and we think about the skills we have. there are some issues we have no skills on. we will not be able to help there realistically. but there are some that we can either amplified government hand-in-hand,ng

or we can pretty much do ourselves. apple has always been at the core about changing the world. arguably, you can't change the world if you are ignoring the world. that is kind of the way that we look at it. as a ceo, not only today, but in the past as well, i think that silence is the ultimate consent. if you see something going on that is not right, the most powerful form of consent is to say nothing. i think that is not acceptable to your company, to the team that worked so hard for your company, for your customers or for your country. or for each country that you happen to be operating in. that's kind of the way i see it. i have to say i am more

optimistic today than i have ever been. and i mean that sincerely. sometimes note feeling like that. but overall, i think we have an incredible opportunity because, never before, have i seen the on someacross the world of these common issues. megan: we talk about the lack of innovation, preparing our workers come our children for the jobs of tomorrow and not the jobs of yesterday. apple is invested in education, particularly on coding as well. is that moving as rapidly as you think it needs to to address what jack ma has called the third technological revolution that we face? >> i've been really heartened by the public sector here. being gaugeding to

and be aggressive. we started many years ago to craft a language that would be as easy to learn as apple products are to use. we then designed a curriculum. we took that to community colleges. we are already talking to 33 different community college systems in the states. these are huge systems with hundreds of thousands of people in them. so i am seeing an incredible desire to bring coding to the masses. this is in my view one of the keys to the middle class. manufacturing was they key for the middle class years ago. coding is the key for the middle class for tomorrow and today, to be frank. there's mass shortages in the

world. and it is not just in tech. coding has become incredible, fundamental to all of our businesses. whether you are running a retailer, an automotive manufacturer, or whatever you are doing, or the guy on the street corner actually. teachers noten willing or wanting to do this. i have seen a lack of development dollars being spent in schools. we are actually training teachers right now. through every classroom -- iconostasis sleep -- i can honestly say, through classrooms, we have seen teachers and administrators and the kids are more engaged than ever before. kids want to learn about the digital economy. they are growing up digital. it's not good for them to grow up digital and then go to to

school and be in an analog world. it turns them off. i'm seeing incredible government support. we are running apple on 100% renewable energy in the u.s. and many other countries around the world. i've seen incredible government china., particularly in we now run our chinese operations on 100% renewable energy. well.s going and we are spending a lot of time on human rights. we believe that everybody should be treated with dignity and respect. if you are born with a disability, we want our products to work with everyone, whether you can see or hear or not. of course, we are trying to do our part in enlarging the definition of human rights for everyone. and a lot of that, the immigration discussion earlier plays into that as well. cory: that was apple ceo tim cook with megan murphy. expanding in china.

we will hear how next. this is bloomberg. ♪

i want to check out the after-hours trading right now. blue apron gaining. albertsons announced the aid dealsn of plated, seen as a sign that blue apron could be a take-up target as well. this year, dd raised more than $5.5 billion from investors, scoring the largest round of funding for a tech company. the goal is to bankroll expansion beyond china and into driverless technology. check it out. -- 25 million

rides happen on didi every day. very encouraging results coming out of these efforts. driverse 17 million that earn income from didi's platform last year. 20 cities are working with us to completely redesign their traffic signals and lanes. in the tech zone, as you can see, we have only seen conjunction -- congestion time reduced 20% of 40% after only three months of work. , the deepening technology allows us to put more people into fewer cars. 4 million passengers use our carpal products everyday. that alone takes away millions

of tons of carbon emissions every year off the road. -- and technology also saves lives. the road mortality rate is 1.6 deaths per hundred million miles. 1.6. new technology, number got lower than .6 and hundred million miles. the network is redefining the car industry. the next generation of cars will become greener. as a matter of fact, we already run the largest electric vehicle fleet and the number is growing very, very strong. we know how difficult this

problem is we are all facing together. we reminder says every day we need to work harder and we need to collaborate with as many people as possible. that's why we have invested in seven leading players around the globe in the rideshare industry, from southeast asia to the middle east to your of the latin america to the united states. we believe in sharing. sharing best practices, the best product, knowledge, we will make our industry grow faster and that can benefit more people around the globe. cory: coming up, bill gates. thevation, technology and that. of business is all this is bloomberg.

♪

paul: i'm paul allen with the latest version word news. bank of japan has made no change in monetary policy after its latest meeting. it is maintaining governor kuroda's yield at about 0%, saying the economy is expanding moderately. was 8-1. the curve yield is not enough toward the tubes and goal. a chinese conglomerate has raised the equivalent of 600 u.s. million dollars. it sold 643 million shares. that is seven dollars hong kong.

final price rivers discount of more than 5% on wednesdays closing price. the sec says a hack of its database may have led to cyber criminals reaching profits. they only learned last month of possible illicit trading games. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ >> we still have japanese stocks trading new two-year highs. the nikkei is set for a second week of gains. rising about 6% in that period.

eased today, keeping steady around 112 45. the boj speculated that a unanimous vote would keep the yen closer to 113. guy, that hasew push toward the 112 mark. in the nikkei index, we see tech stops -- tech stocks on the back foot. energy shares are powering ahead, gaining 3%. a quick look at shares down under, losing over 1%. calling today -- falling today.

at miners,ke a look you have gold producers pulling down on the asx 200. ? >> welcome to "bloomberg technology" i'm cory johnson and for emily chang. top investors all gathering at the plaza mount etna -- plaza hotel in manhattan. we sat down with bill gates, pepsi ceo, and softbank ceo lazio she son -- matayoshi son. >> last year years the innovation of the microprocessor, using it as a base to create internet, that has changed the lives of almost everybody under us. going forward i think it is accelerating even more.

>> i think in the year 2000 you lost $70 billion of net worth, what did it feel like to lose $70 billion of net worth in one year? masayoshi son: it was a crash. everybody crashed. at the bottom of my crash, i revived my spirit of fighting. actually, it felt good. by the way, many don't know, for three days i became richer than bill.

but then 12 months later i became almost broke, 99% drop in our share price, 99% in one year. >> one other question about your career, at one point you made an investment of $20 million in a little company called alibaba, it became worth about $90 billion and now about $130 billion, how did you decide that alibaba was a good investment? and do you have any more you could recommend to us? masayoshi son: it's because of jack ma, his charisma and leadership. china had an opportunity on the upside and said this is the guy that could be the leader for this innovation. >> you have tried to take a company known for selling sugar

water and make it a more nutritionally eight and better company, was it hard to beat a bureaucracy? >> it was hard inside the company, outside the company. i remember investors telling me, don't forget americans like soda and chips, we don't want you to change what you are doing. we had to fight across multiple runs. -- multiple fronts. change doesn't happen quickly, it is a work in process. >> when you go to somebody's house for dinner, and they say do you want coke, what do you say? >> i say it was nice knowing you and i leave. [laughter] >> bill, let me ask you -- indra nooyi: i delete. without a doubt.

sctually, my secretary send them a list ahead of time so there's no mistake. >> i would like to ask a question, bill, i have asked before, but people are interested in this answer. we have to have three fingers to control, alt, delete. you are the person who came up with it doing it that way, why did you do that? [laughter] bill gates: the hardware keyboard only had one way it could get a guaranteed and rep -- interrupt generated. clearly, the people involved should have put another key on in order to make that work. a lot of machines to have that as a more obvious function.

>> no regrets about doing it that way? it worked out ok? bill: i'm not sure you can go back and change small things without putting other things that risk. sure, i would make that a single key operation. >> you dropped out of college. you think had you got your college degree, your life would have been better off? bill: at the time it felt like there was a huge sense of urgency that obviously the microsoft -- was revolutionary and writing software for it. if we had any hope, the quicker we did it, the more hard-core we were about it, and so i didn't want to waste a day. in my 20's i work weekends, i didn't believe in vacation. we had to move at high speed here eventually ibm did come and compete with us.

a lot of companies came along later. other companies formed in that period, we were really the sole survivor. oracle is vintage as a software company, but those are the only two companies that really survived out of that era. we were a broad company, did that forms, we were international. it would have an hard to hold me back. once i saw the opportunity, part of what i loved it was the very relaxing when you sit in classes, stay up all night and talk to people, it didn't have that same intensity. once i saw the opportunity i was going to leave -- >> your parents, what did they say? >> they said, hey, we were

paying your tuition, what does this mean? i said, mom, i'm on leave. which is true, i could've gone back. eventually the catalog changes on you and your little too old for it, but a more sure if it was going to succeed or not, so they thought maybe i would head back. but because i was single and maniacal in those days, it was the perfect thing for me. >> one of the highlights was when bill gates was asked about fighting disease in africa in the argument behind not wiping out mosquitoes entirely. >> malaria is only killed by one mosquito, one out of 1000 mosquitoes. the main thing is president setting -- precedent setting, if humans can go get this specie --

if you got rid of all mosquitoes, you would have to look at the ecosystem effects they are a small percentage of mosquitoes and there are no other species dependent on that, that this new to met -- new genetic approach, it is still in the lab, but has a good chance of being able to knock down populations by about 99% over a wide year period -- over a five-year period. that includes nigeria as the center where malaria is a huge problem. we probably need that tool, how will we get consensus is tricky. some people worry -- most people worry about the precedent about how such decisions are made.

>> we often hear about leaders or innovators, they often are men. is that a sexist thing, men don't let women get the opportunity, or some other reason? >> i am not an expert on women in technology, but i was at an m.i.t. event and the president was saying 50% of the engineering graduates at m.i.t. are women, but if you go to most companies, 50% of the engineering staff are not women. if you read stories about the press -- in the press what happens in the silicon valley area, women are not getting the funding. obviously, there is some leakage between m.i.t. and in practice. if we want to utilize all the

resources, we have to do something different. >> is artificial intelligence a good thing for humans or not a good thing? and are robots going to take over humanity. masayoshi son: i think the misuse of artificial intelligence could be horrible, but there are thousands of good reasons to utilize artificial intelligence are good for humanity. it solved unsolvable diseases, salt unsolvable -- solves unsolvable disasters. i think it is really good. >> cofounder david rubenstein, today bill gates and pepsico indra nooyi, and "charlie rose."

-- we want answers about metal and -- meddling in the 2016 election. this is bloomberg. ♪

cory: democrats sent a letter asking for more disclosure on political advertising from internet companies, not least of which, facebook. it was disclosed it was paid by russians for election related ads. senator mark warner said a hearing will likely be held in october. joining us now is reporter, this story has many components. let's start with what we heard

today about new ways to combat these kinds of ads. most importantly an anti-somatic ad. -- anti-semitic ad. >> all of this relates back to the fact that facebook has this self service advertising platform, anybody could go in and decide on our own how to target who were going to target. people on facebook have been listing their jobs and their education with very racist anti-semitic things. >> i live in oakland, california, and i am a dentist. but other people would abuse this? >> yes. it allows other people to say i work in oakland as a hairdresser, but it also allows people to say i work in oakland as a jew hater.

you can target anybody with that descriptor. it is an automatic system, kind of like google where you advertise based on whatever keywords people look things up. >> what they announced was a new way to go after them, which i thought was ironic, an army of people reviewing ads. >> yes. in order to scale a business to the size of facebook, you need to have a lot of ease of use. this is something possible for anyone to use including potential russian government associates who might want to mess with him election. television >> when it comes to television -- advertising, the spectrum is limited, only so many tv stations, the government was able to put restrictions saying

we need to know about political ads, it we have to follow rules. >> right. if you're doing a tv ad you have to reported, you don't need to do that with these google properties. the point of a both of these stories is a lot of these things are run by behind-the-scenes propping up gigantic business and it hasn't been scrutinized either by facebook or by the government. and so, sheryl sandberg came out and said we are not going to allow targeting by racist terms. we scrubbed our database a little bit, we allow people to report abuses of our platform. >> they have no problem cashing the checks, right? we don't know how much money they made. it didn't seem to be a problem until something else found it. it strikes me that congress getting involved could be a

problem. their disclosure to investigators has been greater than disclosure to congress itself. >> congress wants to think about getting facebook in for a hearing. this is them sending a letter saying they hope they come up with some steps to a solution. >> sarah frier, thank you very much. coming up, our exclusive interview with tim cook, apple ceo. this is bloomberg. ?

cory: let us a return to the bloomberg global business form and tim cook, he has been outspoken about immigration and tells us to why he believes it

to be the biggest issue of our time. tim: we are pushing extremely hard on this. this is -- i think it is the biggest issue of our time currently on long all of the big issues, because this goes to the values of the american -- of being american. this goes to, are we human, are we acting in a track of morality, right? these people, if you haven't met them -- at apple we have many that came to the u.s. when they were two years old, they didn't exactly make a decision to come. they came here -- they only know our country. this is their home. they love america deeply. when you talk to them, i wish

everybody in america loved america this much. they have jobs, they pay taxes, they are pillars of their communities. they are incredible people. and so, to me, it would be like someone coming to mike and saying i just a note, you are you aret found out not a citizen here, you need to leave. this is unacceptable. this is not who we are as a country. i am personally shocked that there is even a discussion of this. this is one of those things where it is so clear -- and it's not a political thing. at least i don't see it that way at all. this is about basic human dignity and respect. it is that simple and

straightforward. on the broader subject of immigration, if i were a country leader right now, michael would -- my goal would be to monopolize the world's talent. i would want every smart person coming to my country, because smart people create jobs and jobs is the ultimate thing that creates a great environment in a country, a land of opportunity. a land where everybody can do well if you work hard. these are the things that drive people. it gives people sense of purpose. so, i would have a very aggressive plan -- not just to let a few people in, i would be recruiting. and so, i think -- i went to ellis island on sunday, because i wanted to feel myself, what it was like to come to the country. if you have ever sat in the

great hall and one of the benches there in the early 1900s, you can feel the people in the room. you can feel both the anxiety and the hope. i think that is where we all started from. maybe not ellis island, maybe virginia like my family, but we all started somewhere. we are all the sins of -- we are all descendents of immigrants in the united states. we are all descendents of immigrants in the united states. >> that does it for this edition of "bloomberg technology," on thursday we sit down with the ceo of nest. that's all for now. this is bloomberg. ?

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