americans of the potential for violent protests. the warnings, after president trump's decision today to recognize jerusalem as the capital of israel. turkey, jordan, germany, israel, and britain have urged americans to exercise caution. other embassies are expected to follow suit. senator al franken's office released a statement saying he will make an announcement tomorrow, but did not offer further details. a wave of democratic senators, most of them women, have called for franken to resign after latest allegations of sexual misconduct. oregon democrat won widen -- ron [no audio] the senate's gop majority voted today to begin reconciling the two tax bills. lawmakers are headed to conference to work out differences and emerge with a final bill that could be passed by the senate and house and then signed by president trump by

christmas. thousands are fleeing ongoing wildfires in southern california. have burned hundreds of homes. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. "bloomberg technology" is next. ♪ emily: i'm emily chang, and this is "bloomberg technology." broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. a bloomberg exclusive, coinbase's ceo offers his take

on bitcoin, which just roared by $13,000. it has nearly tripled its user base. lede, broadcom reports fourth-quarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and -- about demand. let's bring in our bloomberg editor at large, cory johnson. you have been pouring through the numbers. you said it was an interesting quarter. why? cory: broadcom is a very interesting business. gobbled up some really interesting and big parts of the semiconductor world. broadcom having success with the iphone and in networking devices. brocade was acquired by broadcom. that company dominant in the

storage business. the results that we see here today from broadcom, looking back to the quarter that ended in october, really strong iphone business here. we see really great strength and gathering more andthe results ta in the new iphones, and we see that business showing up in these results. 17% year-over-year growth in the semiconductor space is very strong for a business this big. emily: we've seen the danger of relying on apple as a customer. how much does broadcom rely on apple as a customer? cory: it's absolutely the most important customer. looking forward to the qualcomm m&a, broadcom has been successful getting apple to pay it. qualcomm has been unsuccessful. broadcom has been able to add more real estate in the phone. interestingly, the quality of the phone call that apple likes to boast about -- you remember how crummy the phone was when it first came out. hearing the call was more and more difficult.

broadcom has a great ship that us to-- chip that helps listen to a little bit better those signals coming through the phone and understand what we are saying to the phone. it helps power siri. those kinds of chips are so important apple, and they are relying on broadcom. you can see the sales in this quarter. what we will learn any second now as the conference call goes on is how successful they have been selling new routers, selling servers. think of the companies in technology that are really struggling now. meg whitman's hewlett-packard, having horrible problems. cisco, just barely coming out of troubleound, having selling hardware. oracle's sun, business struggling -- oracle's sun troue selling hardware. oracle's business, struggling. the growth in amazon web services, google's nascent efforts in the cloud -- what we see there is, they might be buying chips from broadcom itself, not going to

hewlett-packard or ibm, but buying the chips from broadcom, building their own devices. that's what i want to hear about on the conference call. theykind of success are having selling into the white box manufacturers at amazon, amazon -- amazon, microsoft, facebook? emily: what will we get on this potential takeover? cory: what they could do to help sow the market is to talk about financing and how they can afford it. the financial guidance they put out in this earnings report -- the guidance is nebulous. it's, hey, in the future, we are going to see margins go from 60% to 65%. we are going to see increased free cash flow as a percentage of net income. we are going to have a much financially stronger business going forward. they are not putting dates on it, but they are telling this business is going to go from really good to really great. i don't know if we believe them or not. they don't have a history of missing targets. emily: it's more difficult to

have a timeframe, right? cory: it is typical of companies when they give specific financial guidance to give us a timeframe. they are saying "eventually." it suggests they see great things for this business and were given the kind of financial leverage to do the acquisition and borrow a lot of money to do so. emily: thank you so much. we will share updates as we have them. editor at-large cory johnson will continue to monitor the broadcom earning call -- earnings call, and we will bring you any headlines. the feud between two tech giants heats up. what it means for users, next. bloomberg technology's livestreaming on twitter. check us out at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪

a new study shows just how far silicon valley still has to go to fight sexual harassment and improve workplace diversity. a study by a venture firm found 53% of respondents experienced or personally know someone who was sexually harassed in the workplace. when it comes to diversity, just 17% of startups have a formal strategy to promote diversity and inclusion. that's up only slightly from 14% in 2016. amazon and alphabet are getting aggressive in order to gain a greater hold in the competitive smart speaker market. google dropped its youtube video service from amazon devices,

citing the internet retailer's failure to make amazon prime video available through google's gadgets, as well as the recent halt of the sale of some nest products on the amazon website. who has the upper hand, and what does it mean for consumers? let's bring in james cakmak, who covers these firms. and in new york, we have mark gurman. what happened here? mark: to be honest with you, it's a very petty fight we are seeing between two companies. it comes down to them both being strong competitors with each other. amazon is making hardware now. google is making hardware now. amazon came out with alexa. google has google assistant. amazon has their video and music service. google has their music service service. google has their music service now. what's going on here? the youtube application on the at go show -- echo show, amazon's new popular speaker which has a touch screen for watching videos, no longer has a functioning youtube application. the fire tv, set-top box people

can use to connect to their big screens at home, won't have youtube support beginning january 1. emily: amazon says google, james, is setting a dangerous precedent. what do you think? james: i think "petty" is the right word for what we are seeing now. these companies are on a collision course. the advertising dollars -- they are starting to flow from google over to amazon. on top of that, you have the whole content endeavor. what you will see from amazon is potentially a subscription like youtube tv type offering. these companies' collision course is the destination. emily: why aren't amazon videos available on google devices? this, as amazon and apple are deepening their partnership and you can get amazon prime video on apple tv. mark: from a business perspective, it makes very little sense.

what companies should be doing, and microsoft is a good example, is putting their script and services on as many platforms as possible -- their subscription services on as many platforms as possible. all amazon is doing here by limiting their -- google's ability to have amazon prime video on google devices is having less amount of people to subscribe to it. they could be losing money here. on the other side, it's a power move. they want leverage for certain things. google is upset that amazon doesn't sell the latest products on amazon.com, the retail website, and amazon is upset at google because they are going on their turf. they have an alexa competitor now as well. emily: so, they are both being petty. doesn't it appear that way? james: it's petty. this is part of a much better fear that i think both companies have -- much bigger fear that i think both companies have.

it's advantage, amazon. all the ad dollars that are at risk for google are starting to flow over. you don't need that as much anymore if you go toit's advant. amazon. if you think about the content side with the disproportionate amount of spending that amazon is doing with their prime video versus google, i think you are going to see bigger and bigger moves on their part, which puts youtube at risk. you have a lot of risks that google is facing, so i don't really blame either company for trying to jockey until we see where the chips fall. emily: mark, would you agree its advantage, amazon? mark: i think google is coming from the below approach here. they are punching up. google has a strong infrastructure. are the ones making so much money in the ad business. i can see their perspective, though. what amazon did is they created youtube applications themselves. they are not using google-made youtube apps like other companies do. perhaps the amazon approach makes sure that google doesn't get as much ad revenue as they normally would have gotten out

of an in-house youtube application. i can see why google would be upset. for those watching, the only people losing are you, the customer. emily: what's happening when it comes to the battle for the home? if you are an apple household or primarily android household, are these devices then able to communicate with each other? you throw an amazon alexa into the mix. how do you and the household reconcile these different devices? mark: we had an episode earlier today, and i encourage everyone to watch on facebook.com/gadgetswithgurman, comparing all of the latest smart speaker's. my take away from this was that takeaway one is -- my from this was that the sonos one is -- the echoes can work with your apple devices. they can sync to your apple icloud calendar. i think today, as of today, the

alexa, the ecco ecosystem -- echo ecosystem, and the sonos one, those will work together. google has their optimized speakers. they have more google home products in the pipeline. apple has their home pod coming out in early 2018 -- homepod coming out in early 2018. that will be optimized to the iphone. it will not work for someone who uses a non-iphone as the core of their ecosystem. emily: how do you expect this to play out? cory: it's advantage, amazon -- james: it's advantage, amazon. they are starting to really educate the users. they have these whole teams that help you go and build up your smart home. the second thing they are doing is they completely understand what they are and are not. by looking to partner with all the major companies that will help the echo and alexa

ecosystem be successful -- they are not trying to be everything to everyone and go outside of their skill set. the platform approach they are doing, integrating all these third-party services -- you saw it with the cars, the ford, bmw. i think you will see a lot more partnerships to come. if they can push the customer and educate them, i think that ecosystem will be built around what amazon has done. emily: james cakmak of monness crespi hardt & co. and mark gurman, thank you. coming up, airbnb wants to be the top destination for sustainable travel. we will sit down with the top exec and hear their strategy, next. if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, bloomberg.com, or sirius xm. this is bloomberg. ♪

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look to be scared of any potential downturns from brexit. they are set to become the largest renter of offices in london. they currently operate 17 london facilities. two more will open soon, and it has announced expansion plans at 10 additional locations. it is in talk to buy a 12 building campus for $800 million. nations designated 2017 as the international year of sustainable tourism for development, and airbnb is using guidelines to showcase its potential as a top sustainable option. we began by looking at the company. >> we are seeing major travel in what has been called the flyover areas and also in emerging economies. you look at our recent report. it shows almost 250% growth in places like indianapolis,

indiana. what that really speaks to is the network effect of the platform as it spreads out and more and more people use it. those are places that have been underserved in terms of traditional accommodation the network effect of the platform as it spreads out and more and more people use it. options. it's hard for those hotels to justify build out there. when you have things like big ten football, you see our platform spring to life. emily: you are expanding in asia, africa, and the pacific. what's been the biggest challenge? chris: the pace of the growth. that's a high-class challenge, by the way. we just had our best quarter we've ever had. over 250 million people now on the platform. this growth is just taking place underneath us. for us, it's incredibly important that we make sure it's working as well as possible for our guests and hosts. over 60% of people who use airbnb do so based on the recommendation of a friend or family member. i just came back from jamaica. the u.n. had a conference on inclusive travel, how travel

is becoming a bigger and bigger part of the global economy, how can you make sure everyone is benefiting from it. from a sustainability and economic inequality perspective -- almost 60% of all travel will be taking place in these emerging markets in 2030. how can we do things now to make sure entire communities are benefiting from it? given that we are making travel available and accessible to traditionally nontraditional areas where people travel to as part of that solution -- it's an interesting thing to have the conversation now. emily: you say you are focusing on sustainable tourism. what does that mean? does it mean you don't put certain listings on your platform? chris: great question. if you look at the way our platform works, it has roughly 65% less impact on carbon than a traditional hotel. one of the greatest contributors to climate challenges is cement.

that takes an anonymous amount of cement to build a traditional hotel -- it takes an enormous amount of cement to build a traditional hotel. 90% of them are in nontraditional hotel districts, so people can travel there and get around by foot, get around by bike, less water impact, less energy impact. our surveye from data is that over 70% choose to use airbnb because they see it as a sustainable option when it comes to travel. in a time period where climate is one of the huge issues of our time and with travel and tourism growing so fast, how can you make sure you are doing it in a sustainable way? emily: any insight into whether trump's policies on immigration is impacting international tourism? chris: it's a great question. i will say we haven't seen that yet. we've been out front in terms of opposing the travel bans. we had a whole campaign called "we accept." we haven't seen that in terms of

actual travel and tourism. i think it has profound impacts on the u.s.. where you potentially see that is, does the u.s. -- does it take a hit as a result of that? as a derivative of that, travel and tourism? it's growing so fast i'm not sure that's going to be the case, but you do see the reverse of that. when i was in jamaica, i had a number of countries that came up to talk to us about how we could work with them to make our data accessible, to help inform their marketing. they themselves are looking to diversify their travel where they are inbound, where people are traveling from to go visit their countries. and they specifically were concerned about becoming overly dependent on the u.s. for travelers and wanting to diversify. i think that is really being driven by some concerns about issues that are taking place over here, in terms of how welcoming the u.s. is perceived to be. emily: you work in -- worked in the clinton administration.

we recently covered the sexual misconduct of a major democratic party donor. what's your response to these allegations? chris: we believe what the women have said out there. i think we have gone through -- i think it's been a long time coming, and it was very much needed. a pretty significant transition in the world, particularly in this country, in terms of people being willing to speak up and stand up on an issue that has been taking place for forever. and i just -- every day, you read these stories. i'm incredibly impacted by the coverage of some of these victims, these women who stand up and talk about these issues. obviously, it's not particularly hard to say, we condemn any of that type of activity. we certainly believe what the women are saying out there. but even more broadly, we see that we are now in the middle of a pretty significant transition in what social mores are, how

people look at it, how the press covers it, how willing people are to cover -- talk about it and engage on it. and that's incredibly important if we are going to be able to address the underlying challenges. emily: airbnb had its own sexual misconduct allegations in china. what happened there? chris: you could probably guess. we just don't talk about hr types of issues, personal types of issues. we are, generally speaking, broadly speaking -- we are not always perfect. we don't get everything exactly right, but we have a values system we believe in strongly and seek to execute an act against those values. emily: reporters are speculating that airbnb will go public in 2018. can you tell me -- chris: i told you, when we know, you will know. head: chris lehane there, of airbnb's global policy and public affairs. coming up, just days away from his the debut, bitcoin

$13,000 -- hits the $13,000 mark. to bring toe i want your attention, our interactive tv function. you can watch us live. if you miss an interview, you can go back to it. you can send our producers of message, play along with the charts we bring you on-air. this is for bloomberg subscribers only. this is bloomberg. ♪ is this a phone?

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choose by the gig or unlimited. and ask how to get a $200 prepaid card when you buy any new samsung device with xfinity mobile. a new kind of network designed to save you money. click, call or visit today. new york, and you are watching "bloomberg technology." let's get a check of your "first word news." reaction from the middle east. the united nations has been swift following president trump's decision to recognize

jerusalem as israel's capital. prime minister netanyahu called it, quote, "an historic day." prime minister netanyahu: this reflects theits -- president's commitment to honoring his promises. jessica: palestinian authority president mahmoud abbas says the decision ends the u.s.'s role in the middle east peace process. in a statement today, the president called on saudi arabia to end its yemen blockade immediately, citing humanitarian concerns. he directed administration officials to reach out to saudi leaders to ensure that feud -- medical supplies reached the people. castp says the findings

doubt on whether a sonic weapon was used on american workers. seriousl ill after symptoms. vladimirpresident putin has announced he will run for a fourth term in march, ending months of speculation over what he would do next. with approval ratings topping 80%, he is the heavy favorite to win a new six-year term. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. ♪ it's just after 5:30 p.m. here in new york, 6:30 thursday morning in hong kong. a look at the markets. good morning. >> good morning. asian stocks are set for losses after a rough patch -- set to stem losses after a rough patch midweek. the woes of the tech heavy index have been compounded by the

dragging commodities. oil continuing to slide, in the face of a gasoline buildup. with global stock declines posit in the u.s. and the dollar climbing, painting a slightly better picture for japanese futures. the nikkei 225 could recover some of its worst slide in nine months. we are seeing futures slide by 1% in japan. aussie futures are pointing higher ahead of the latest trade balance figures. i'm sophie kamaruddin. up next, more with "bloomberg technology." ♪ emily: this is "bloomberg technology." i'm emily chang. bitcoin soared past $13,000 for the first time. the largest cryptocurrency by market value is selling -- was

selling for less than a thousand dollars at the start of the year. in recent days, several exchanges have come out with news on offering bitcoin futures. joining us, coinbase's ceo brian armstrong. they have almost tripled their user base since last year, now standing at 13 million. a wild ride, especially in the last few weeks. what do you see happening with this surge? where is it going? brian: there has been a big influx of interest in digital currency. part of that is driven by institutional money. most of the large derivative exchanges out there, cme, a number of others, say they are going to list bitcoin futures. that's driven a lot of interest. it's a big signal that traditional financial institutions are starting to move into digital currency. emily: what did the cboe, nasdaq -- does this create new challenges?

brian: it's a big endorsement of the digital currency space. this is a real asset class that more and more players are going to trade. for us, we offer spot market data to a number of these providers or we are discussing it with them. we run the largest institutional exchange in the united states for digital currency. we are offering a custodian product where a lot of institutional investors need a secure way to store digital currency on behalf of their lp' and their clientss, so we launched a product recently on that for coin-based custody. emily: are you worried your clients might aside to go work with traditional, mainstream wall street companies, rather than coinbase? brian: i think it is certainly an option. there will be more and more people involved in the digital currency space. productwe will not be the only . i think that's a good thing. there will be a diversity of players out there. there are going to be a lot of winners. digital currency is moving so fast. i do think a company dedicated to it with 200 people who have

built up this industry knowledge over the last five years will have a sustainable, competitive advantage. emily: we have to talk about customer service. you have been experiencing a glitch. why does this happen? brian: in a word, it's hypergrowth. we have hired from about 40 customer support agents to about 220 or so this year. by the end of next year, i think we will have another 400 or so. emily: in addition to 200? brian: yeah. we also launched phone support this year. we are going through this period of growth that is almost never seen in business. it's really difficult, to keep up with this amount of demand. we are not servicing our customers to the level they deserve at the moment. that's really frustrating to see, but it's my job from the top to ensure that we are going to get there. emily: can you explain more about why it happens? is it a glitch or a crash? what's happening technically? emily: brian: it's a huge influx

-- brian: it's a huge influx of new customers. trading volume, new sign-ups, everything, it has gone up about 8x june of this year. it's really difficult to plan for that kind of capacity. emily: it's literally that you don't have enough humans behind the scenes to receive all of these complaints. brian: correct. emily: in addition to hiring new people, is there anything you can do? then: we can always improve product. improving the product is a way to reduce the number of customer support tickets that are coming inbound. the team is working really hard on that. the key metrics we look at our uptime, nps score -- at are uptime, nps score. those are the core metrics we look at to make sure we are meeting customer demands. emily: do you have any concern that this will decrease trust among consumer -- customers or that you will lose customers as a result of this? brian: honestly, i do have that fear. a's difficult to go through period of this rapid growth and

maintain the same level of service. we've been watching those metrics and they are not where we want them to be. growth is a really high quality problem to have, but it doesn't mean it's not a big problem. especially in financial services, we are held to a much higher bar. we are storing people's money. people are right to call us to a higher standard. emily: the irs has been asking for more information about your holdings and your profits. what are you hearing from your clients about this? brian: the irs sent us a subpoena for a large number of customer records, in fact all customer records over a several-year period, which was pretty unprecedented. we did push back on that strongly. we took it to court. the judge, i think, gave us a big vote of confidence and they reduced the scope of the irs request by 97%. it wasn't down to 0%, which is where we think it should have been, but it was a partial victory. if you look long-term, we want to help people pay all their taxes on digital currency gains.

what i think this should look like is something like fidelity or charles schwab, where everybody gets 1099 statements. the irs now,g with thankfully, to make sure we come up with some kind of a solution where everyone will pay their taxes, but this is one of those new areas. technology keeps finding a new box that doesn't fit into the framework perfectly, and we need to work with everybody out there to get there. emily: are you giving any advice to your clients about how to report their gains to the irs? brian: we try to stay away from any sort of tax advice, since that's not what we do. but we do provide a report to our customers, acosta basis report -- a cost-basis report. that's the solution we have in the interim. emily: let's talk about what's happening with some of these other cryptocurrencies. what do you see happening with them versus bitcoin in the future? brian: they have evolved down different paths.

bitcoin used to be 95% of all the market cap of digital currency, and it has come down quite a bit, i think to 50% or 60%. bitcoin is a little bit more like digital gold, if you will. it's the oldest digital currency. it's the one that people flee to in times of uncertainty. but it has not scaled to become a payment network with a transaction that people might want. etherium has this really innovative new concept of smart contracts. it is much more programmable then bitcoin. bitcoin is a simple four-func tion calculator. etherium is most like a isgramming -- ethereum almost like a programming language.

it's much more programmable. emily: you have launched a new app, which seems like an app store for ethereum. explain what your trying to do here? you're trying to do here. brian: when the internet came out, browsers came out. they made it easy for people to access the internet. we are doing the same thing with toshi, which you could think of as a browser for the ethereum network. we are trying to make it easier for people to use. we are inspired by things like wechat in china and paytm in india. mobile money is a really big deal, especially outside of the united states. people in emerging markets could actually use digital currency to start to get access to financial services. emily: when it comes to the price, how do you see bitcoin

versus ethereum playing out? do you see the bitcoin spike continuing? do you see a theory him -- see surpassing bitcoin at some point? brian: i never want to give investingbrian: advice. bitcoin does have a guaranteed amount of scarcity built in. there will only ever be 21 coins. if something is more scarce, the price can be driven up. ethereum has taken a different approach, which is that there might be a modest inflation curve. they are still deciding exactly what it's going to be. tehere -- ethereum is not trying to be gold, which is what bitcoin is. it's trying to be more like a payment network or something more programmable, so that factors into what the price will be. one of the broad things you can look at is where are the users going coins. if something is more scarce, the price can be driven and where ae developers building the new apps. i personally see more developers building apps on top of ethereum

today, so that's one other factor that could point to what it might be in the future. emily: we talk about this a lot on bitcoin, whether bitcoin is a fraud, are we in a bubble or not. if it's not a fraud, is it a bubble? what do you think? brian: is it a fraud, i certainly don't think so. digital currency has gone through a number of periods where there is a run-up and then it will correct back. i think we are going through the most recent run-up period, probably the fourth one we have company, and i a would expect it to correct back at point, but continue over time in an upward channel. emily: you guys have not implemented this. do you plan to, company, and i and when?ct it to correct brian: it's not in the top five next things our customers are requesting. emily: what are the top five next things? brian: people want more access on the platform, a better

experience, identity verification, higher limits, the sign-up on boarding experience, and they're asking for these new products. our institutional customers are looking for a custodian product. people are looking for a way to trade more assets, have a better experience, and store securely. emily: brian armstrong, ceo of coinbase. brian: thanks for having me. emily: all right, google won dismissal of a california class-action lawsuit alleging the company systematically paid male employees more than females. the judge wrote, "this class definition does not purport to distinguish between female employees who may have had valid claims against google based upon its alleged conduct from those who do not." she allow the women to file an amended complaint. the new complaint will make clear that google violates the equal pay act by paying women less than men for substantially equal work. coming up, more on broadcom's fourth-quarter results. here is what the ceo just said

on the investor call. >> we close our fiscal 2017 on a very strong note, with solid financial results for the fall fiscal quarter. emily: more details from the call ahead. this is bloomberg. ♪

emily: disney ceo bob iger will likely extend his tenure at the company passed 2019 -- past 20 19. the extension is to help facilitate the sale of fox assets to disney. iger had planned to step down in

july, 2019. our top story, broadcom's fourth-quarter results. the chipmaker beat forecasts and has its investor call going on right now. we are continuing to monitor. this call. to talk about it more, i want to bring in alex barinka, who covers deals for us. what have they said so far about this qualcomm potential takeover? alex: the biggest potential tech takeover ever. did give a bit of clarity as to what they are thinking about this deal. he did say that if a preliminary agreement were to -- a degrom -- a definitive agreement were to be signed, they expect the deal to go through in about 12 months, which is a new detail in terms of their expected timing. the other thing that i would bring up, right off the bat, the fact that they have had initial meetings with certain relevant antitrust authorities, the cfo had said.

regulatory requirement would be met in a timely manner. i bring this up because this regulatory issue is key to beating's defense in back broadcom from this major takeover. the fact that they are giving some kind of clarity on the broadcom side, that they think that something could get done, is a bit of an inch forward in terms of going -- the back and forth between these two companies. the cfo did continue to come out and say they want to have a constructive dialogue with qualcomm. right now, as of this week, they introduced broadcom -- broadcom introduced a new board slate for qualcomm, encouraging qualcomm shareholders to vote for their new board at the march board meeting and progress this deal along. still seems like qualcomm is saying the $105 billion offer price that broadcom is looking to take over the company at is still too low and undervalues this company.

unfortunately, shareholders won't get a lot more clarity in the course of this call. i was listening to it up until i went on here with you, and the please don'tysts, ask any more questions about the deal, we won't be talking about it any further. he did say we have received positive feedback from shareholders and customers about the please don't ask any more questions about the potential transaction. so, that seems to be the best we are going to get at this point, even though there is still a lot of unanswered -- are still a lot of unanswered questions on the broad cam site -- the broadcom side. emily: the cfo did ask people to focus on the financial results, which cory johnson reported on earlier, saying it was a strong quarter. we all remember that photograph of hock tan, the ceo of broadcom, with president trump. what kind of dialogue do you imagine is happening behind the scenes, given the challenge that the doj is posing to the at&t/time warner deal? cfo did speak very

quickly about the redomiciling, the move that was talked about in this meeting with trump, that they are moving headquarters over here to the u.s. when it comes to these regulatory concerns, the cross-border deals, the non-u.s. companies buying u.s. tech companies, those kinds of deals will take longer to work their way through the regulatory system, if history is any guide. the fact that pronk on -- broadcom will have its hq here in the states potentially will ease some of the at least optics concerns. if you look at what's going on with qualcomm, qualcomm is still ease some oftrial -- trying to- acquire nxp. we are still waiting to hear what happens with that deal. regulatorys with approvals is top of mind. that's why the fact that broadcom's cfo said they have had initial conversations and they think a timely manner would

be the case if this deal work to go through with broadcom and qualcomm is a very important thing that i think the market will fixate on into the coming weeks. emily: whew. so much action in the chip space. thanks so much, alex barinka. qualcomm's ceo will speak at the economic club in d.c. tomorrow. we will be monitoring his remarks, and we will bring you the latest as we have them. still ahead, apple's ceo tim cook says he couldn't be happier with iphone x's sales in china. we'll hear from him next. this is bloomberg. ♪

emily: the annual fortune global forum is underway in china. top tech execs like alibaba's jack ma and apple's tim cook are

using the opportunity to tout the importance of open trade between the u.s. and china. cook stealingim some of the limelight at the forum, talking about his view on the chinese market, saying one of the attractions for him was the quality of the people here and also the partnerships that tencent and apple have together. he also was asked about iphone x sales in the chinese market and said he was very positive about the momentum he was seeing their. >> you look at how iphone x is doing here. i could not be happier. quarters offew negative growth on a year-over-year basis. we returned to double-digit growth last quarter, even before the iphone x shift. >> we also heard from the chairman of ford, saying that china was taking a leading role in the development of electric vehicles, saying that he was very confident about the growth

opportunities there. and we heard from the founder of has at, a company that market cap of well over $400 billion u.s., talking about the competition between tencent and alibaba in at least a dozen different sectors, and also talking about what he sees as significant, multibillion-dollar opportunities in the health care and education sectors here in china. >> [speaking non-english language] >> i believe the health care sector here will be even bigger in size. both industries are still in their early stage and our strategy is to make a bet on all horses. >> alibaba founder jack camacho to the stage and said we shouldn't be worried about automation and -- jack ma took to the stage and said we shouldn't be worried about automation. overtly lyrical statement -- taking a statement,

swipe at the division between the republicans and democrats in the u.s. tom mackenzie, bloomberg. emily: that doesn't for this edition of "bloomberg technology." we are live streaming on twitter. check us out weekdays at 5:00 p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪

♪ it is 7:00 a.m. in hong kong. we are live from bloomberg's asia headquarters. welcome to "daybreak asia." wall street putting the brakes on the equities selloff from about the dollar falling the -- selloff, but the dollar falling the most in months. from bloomberg's global headquarters, i am betty liu in new york just after 6:00 p.m. this wednesday. citibank sees a potential write-down of $20 billion. president trump