minister in davos, president trump said palestinian leaders disrespected the united states by refusing to meet with vice president pence. president trump also denies he and theresa may don't get along. he met with the u.k. prime minister today. trump says the u.k. and u.s. share similar ideals. the british government also confirmed president trump will visit the u.k. this year, but did not provide a specific date. committee judiciary chair plans to release transcripts from closed-door interviews with donald trump jr. and other members of the trump campaign team that attended a meeting with russians in trump tower in june 2016. in southern california, authorities are allowing some residents to return home two weeks after mudslides killed at least 21 people. crews are still working to clear , bouldersons of mud

debris.e -- and global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is your first word news. i'm a alisa parenti. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." intel's fourth quarter win despite disclosing problems with its chip line. plus, robin hood moves its commission free trading model into the creek. -- into the cryptospace. an -- armys army by buy in?

that is ahead. first to our lead. until shares gained about 4% after the company released better-than-expected mornings for the best better-than-expected earnings for the fourth quarter of 2017 -- better-than-expected earnings for fourth quarter 2017. vulnerability may be helping intel as computer owners retire older systems upgrade. joining us now is our bloomberg editor at large cory johnson. the stock is up. how surprising is it? reporter: if this company can grow by 20%, which is what you saw in this quarter, it bodes quite well for this business. ,he pc business shrunk by 2% but the margins are much better in the growth and data center was just draw jumping late -- -- jaw-pping lee fast

droppingly fast. amazon has great growth. microsoft is even better. ,ll the chips in the industry that is fantastic news for intel. really didn't get public until the beginning of this quarter, so it is not a surprise there was no impact in q4. even looking forward, obviously this is an industrywide issue. intel is working hard to fix it. i think in the long run they are going to be ok. some-term there could be issues, as you mentioned. intel owns a huge part of the data center market. not quite all of it, but the vast majority. do you agree with will not see a big impact from this in the ensuing quarter?

guest: sure. i think it is a big deal. reporter: one of our producers produced this. great package about the security flaw i think it is -- this great package about the security flaw. how many companies today are developing their own processors? it is an amazing notion, unimaginable 10 years ago, that google, apple, facebook, and amazon web services, four of the largest data center builders, are developing their own semi conductors for something. the notion that they would go in to chips is crazy considering how difficult it is to make a semiconductor. to make a semiconductor better than intel is an audacious notion. that could be competition way down the line, but not this quarter or this year.

guest: exactly. what we are also seeing is an expansion of where those semiconductors are going so that traditional core data center business, intel can have a piece of comedy other companies cavities of, and there's all this edge computing stuff. they are going to extend to the cloud and the edge. apple is developing for that, but other guys are going to develop for other kinds of the vessel is -- other kinds of devices we don't even know what they are. intel is the biggest player in the chip business, for the big players -- emily: trying to buy qualcomm. guest: right, but the big chip players are doing well. starting to get intelligence embedded into our microwaves, and everything. obviously automobiles and all the developers there.

because there are so many different places this stuff is the iot market, all of that creates data to which creates demand for data centers. i will say one thing to what corey said. yes, intel had amazing growth, but let's be honest. i think that maybe hard to replicate on and on. reporter: if they can keep doing this. i don't know if we can. they are not going to promised when percent growth -- promised 20% growth. acquisition, a really it was a deal, all those little chips you are talking about, that business -- a really expensive deal, all those little chips you are talking about, that business had 20% year-over-year growth. they are growing in iot also. it is a very serious business. is not the size of their pc business or data center

business, but still, $3.2 1/10 of theirut total business, and a big deal. emily: they have said they have made progress on the security flaw. you wouldn't expect them to say much else. they are increasing the dividend. talked about the data center business. what are the other highlight he would pull out of this report? business wasn't down as far as people thought it would be, so that it was a good sign. we expected to bottom out, and we see a solid base. neurallike mobile ai, network-based chips, video processing-based chips for ai and machine learning, those businesses are tiny now that they are going to grow long-term. that is what the company is trying to do, brought the reach of technologies that can

influence. bob o'donnell and our own cory johnson, thank you so much. tune in friday for cory's ceo --ew with intel's intel's cfo. apple is getting ready to take on amazon in the e-book business again. in 2012, the justice department sued apple over its first effort. that resulted in a $450 million fine. this time apple is working on a redesigned version. amazon has just over 83% of the e-book market in the united states. amazon is in talks to buy box.com according to a report in "the new york post." this comes as a grocery store chain kroger also showed interest in the company, known as the cosco for millennials. it would shut out kroger from getting a foot in the e-commerce

space. coming up, robin hood financial is getting in on the crypto craze by launching trading for bitcoin and in syria -- and etherium. we will speak to the ceo next. this is bloomberg. ♪

emily: robin hood financial, which makes a free stock trading at, is launching trading for ethereum an bitcoin next month. by thejoined now cofounder and co-ceo of robin hood financial. thank you so much for joining us. how challenging was it getting this off the ground? guest: we been working on it for

the better part of the year, starting the beginning of spring last year. the technological work we have done on our equities business, which made it more straightforward, there were business and regulatory pieces we had put in place. we actually are pretty happy to have other market participants in this industry. i think if cryptocurrencies are going to live up to their full potential, we are excited to have other people in this industry as well. we are very good at building consumer products. we've done an amazing job of introducing a new generation of consumers to the equity market. we think we can do a great job here as well. emily: companies like coinbase have had a lot of issues with support and load times. are you worried about that, and what are you doing to prepare? guest: up time and availability is something we take incredibly seriously. we are held to an incredibly high standard where we have basically zero downtime as acceptable.

we offer tens of thousands in securities and u.s. equities, maybe hundred thousand stock options on top of those. we have a lot of expertise doing that, and we are excited to be able to offer that same time for cryptos. guest: what is your outlook on bitcoin and cryptocurrency? guest: i think one of the things that makes this really exciting for us is the inevitability that cryptocurrencies have. there have been a couple of times a last decades were people -- the last decade were to what accounted it out or down, but each time it has come back. we think that gives it really long staying power. emily: how big a revenue driver will this be for you? guest: we are offering cryptos commission free on robin hood. we see a way to accelerate user growth. our primary interest in this is to see how much we can add to the baseline growth.

with the current business, we plan to break even. emily: you get fascinating data on what kind of stocks users are buying. what trends are you seeing that are the most surprising? guest: the trends that have been pretty consistent over the past few years on robin hood is a lot of interest among younger consumers in companies like apple, tesla, facebook, the really big consumer brands. is very interesting to see. emily: but not necessarily that's praising. guest: maybe not that surprising. emily: talk to us about bigger picture growth. you talked about 3 million users, up against some bigger players. how do you get a piece of that pie? guest: we stay very mission driven. the point of robin hood is to build a different kind of product services company, getting the benefits of the financial services company to the rest of us. for too long the finance industry has been one that helps

people that have more money be better established. if we stay true to that mission it tends to be a really good guideline. there are so many consumers in this country that would love to be a bigger part of the system. each time we offer a new product, whether it be commission free stocks and etf, commission free options we announced in december, and now free to go trading -- free crypto trading, anytime we open a new market. emily: what is next? what you see in robin hood's future? guest: we would like to go public one-day. the time horizon is still the next few years, but we are quickly becoming one of the largest broker-dealers in the u.s. with adding cryptocurrencies and all this other stuff, we are on the after doing that. emily: are you profitable, or will you be soon? guest: we are not commenting on that now, but we will be soon. emily: thank you so much for stopping by. coming up, the world according

to george soros. the billionaire investor speaking from the world economic saying facebook and google deliberately engineer addiction to the services they provide. we will hear from him next. if you like bloomberg news, check us out on the radio, the bloomberg radio app, bloomberg.com, and sirius xm. this is bloomberg. ♪

emily: breaking news from president trump at the world economic forum in davos, saying he will support a path to citizenship for 1.8 billion so-called dreamers, saying he

pathway for the folks qualifying under the data provision. provision.the daca we will continue to cover the story. world economice forum we have been speaking to the biggest ceos and world leaders from around the globe. satmberg's haslinda amin down with one who says companies and to fight cybersecurity like a disease. guest: you have to stay on top of it all the time. there is no end in sight. you have to be vigilant. the threat factors continue to increase. we have improving, but not perfect, cooperation between companies. notave improving, but great, corporation between governments and other governments, and it is a global problem. if you solve that problem in one particular country or server,

how do you make sure everybody else has an opportunity to understand that threat factor has been solved? haslinda: why have governments and companies been so slow to rectify the issue? guest: it is incredibly complex, first of all. if you have been optimized, you have a duty to care to your shareholders and customers, and you want to be thoughtful about that before you disclose it. to the extent that you do disclose it, you want to make sure you are identified because you have been helpful, you don't want to be penalized because you been helpful. there's no real regulation rules that have caught up to the constant attack we are seeing from multiple different threat factors. haslinda: we have the intel chip disaster. how will that impact cloud computing? guest: i think every vendor immediately started doing patching and a limitation, with

respect to ensuring you have these type of threat vectors marginalized. you're never going to be 100% sure that you're not going to be infected, so you have to be digital and that she have to be vigilant on a regular basis area i was in a meeting this afternoon were restarted talking about sharing what we were seeing in different processes and procedures. sure peopleam not understand, i think more people die from the cold then other infectious diseases. there are more very violent security attacks from very of dutyishing and lack care from an employee that ankles and email -- that answers and email incorrectly or doesn't , ory the appropriate patch a complex infrastructure that doesn't understand you have to do this process before the second process. these are all things that are relatively easy to vaccinate on.

it we can get just that done, i down we will really can't -- we will really tamp down the threat vector. do i think we will see more problems? unfortunately, yes we will. you have to understand that you are only as strong as the weakest link in the chain. although you might not see that particular problem again, or a variant of that particular problem, when you take a look at the different constituencies that are attacking, you have terminal activity, probably -- criminal activity, nationstate activity, and just plain malicious activity. actors, thethese barrier to entry or would it cost for them to do the hack is relatively low. what it costs for us to protect it is relatively high. we have this economic impasse where until we make it very difficult for them to hack, i

think it will continue to be creative. haslinda: ai is transforming the way we communicate, do business, ceos know0% to 15% of what the next big technology investment would be. for those who do not have a clue where their money should go, where should it go? guest: security first. i would make sure whatever you are doing, you feel you have done everything you possibly can to get your assets from cyberattack. if you don't do that, i think you'll be put at risk. no matter what great ideas you have come a they never get realized. secondly i would take a look at data analytics and big data, and start mining that data to understand your customers or employees or partners. haslinda: 30% of data goes unused. guest: that is why we have to get more automated and ai comes into the picture. big data and ai are super close cousins. if you build and out a rhythm

that has limited data, i think you are going to have a very weak learning algorithm. ca technologies ceo mark gregoire there. we are getting more headlines about president trump supporting so-called dreamers, children brought into the united states as immigrants. three white house officials confirming that president trump would sign an immigration plan into law that would get as many as one point 8 million of these dreamers a pathway to citizenship. this would be some sort of -- 1.8 million of these dreamers a pathway to citizenship. this would be some sort of concession to democrats. we will continue to monitor these headlines as they come in. , andime, back to davos billionaire investor george best george soros -- and

billionaire investor george soros there, talking about social media giants. guest: they are public utilities , and they are subject to more forngent regulations opposition, innovation, and fair and open universal access. emily:. is he had to say specifically about facebook -- here is what he had to say specifically about facebook. >> the network effect is truly unprecedented and transformative, but it is also unsustainable. years toacebook 8.5 reach the first one billion users, and half that time to reach the second billion.

at this rate, facebook will run out of people to convert in less than three years. [laughter] emily: george soros went on to say that facebook and google foster addiction and risk and ingering -- risk empower date-based service -- empowering state-based surveillance. bloomberg. ♪

alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." white house officials say president trump will sign an immigration plan that would give as many as 1.8 million immigrants rot into the united

states -- brought into the united states as children a pathway does is inject -- pathway to citizenship. trump will deliver the keynote address at the world economic forum in davos on friday. at a meeting with the israeli prime minister today, he said the u.s. is moving quickly on plans to relocate its embassy to jerusalem. president trump: we will be moving our embassy, as you know, to jerusalem. we also know that is way ahead of schedule, by years, and we anticipate having a small version of it open sometime next year. alisa: when britain exits the eu, ireland's prime minister wants the bloc to have a closer relationship with the u.k. than it currently has with nonmember norway. he spoke to bloomberg tv today in davos. >> i think it will be a specific

agreement for the united kingdom. as ireland, we want that to be as close as possible, so we would have a -- we need to get into the detail now as to what that means. alisa: norway is part of the eu single market, but not the customs union. in the philippines, experts say a volcano spewing lava as high as 1600 feet still appears to be swelling with magma. tens of thousands of people are staying in emergency shelters. officials worry the eruptions could last months. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. it is 5:30 here in washington, d.c., but already morning in hong kong. we have david ingles with a look at how the markets are preparing to enter the last

trading day of the session in asia. good morning, david. david: hi, alisa. we are just one day to the weekend here, 30 minutes to the open. australia is closed today. in 90 minutes, japan and korea under way. before that, the cash markets in tokyo. we get a series of data coming out. most important will be the inflation numbers out of japan. south korea is very much in focus today. the strength of the currency -- we saw that on thursday with the release of the gdp report -- has become a little counterproductive. that being said, the markets are close to record highs. lots to talk about in asia. seven straight weekly gain. more from "bloomberg technology" next. ♪ emily: this is "bloomberg technology." i'm emily chang. back to our top story. even out with an update,

as the entire chip update scrambles to fix a vulnerability. 2017,ock gained 27% in lagging behind the 38% advance in the philadelphia stock exchange semiconductor index. he spoke, saying the company has made progress on the security issue and still has a lot of work to do. underway.s still the company saying it fully expects to be profitable for the whole year of 2018. tech the topic of addiction is grabbing the attention of parents, teachers, and even tech giants. this includes tony fadell. serious concerns continue to circle the tech industry about being addicted to your smartphone or being absorbed by social media. we sat down with the formal apple and alphabet exec and he is handlingw this issue as one of the creators behind the original iphone.

set of look at this as a unintended consequences that allowed kids and adults -- this is not just a kid thing. do is we have things like tech-free sundays, where the family is off of electronics, including the parents, and we do other things together. not that tech is is we have this like tech-free bad, but there are times when we should be face-to-face and talking about things and doing things together without screens sometimes coming between us. we do that. we have screen time limits. it's difficult, because we don't have many controls today to do that. we also look at our behaviors with screens at night. are the screens in the kids' rooms, the parents' rooms? these kinds of things, to understand moderating use of these devices. emily: what you think the actual impact is on adults, and -- what do you think the actual impact

is on adults and, more importantly, on children? tony: i'm not a researcher. i'm not a doctor. i'm not looking at it as an addiction, per se. i've had friends and kids with addiction issues. i look at this as, we need to have tools and data, in formation, to allow us to understand how we consume digital media. and if we look at this and draw the parallels with something like food, think about food. today, we have scales so we can measure our weight. we have nutritional information on the side of boxes, so we know what's in there. we have programs to allow us to control our eating habits. we have definitions for words like, what's a protein? what's a protein in the digital world? is a protein a digital educational app?

is a sugar social mobile app? is something like water like the camera app? these are the kinds of things where we need to build nomenclatures around these kinds of habits and start to talk about them, instead of just saying it is addiction or not. it is lots of usage or not. we need to get finer-grain language and start to understand that the iphone is just a refrigerator. it isn't the addiction. it delivers food, and we can then choose to pick what we want, what the protein -- what's then hopefullyt, consume it in the right portions. then we have a scale to measure ourselves for seeing how much we have consumed each day or each week. emily: the business models these companies are predicated on is how long we use their products. do you think facebook should tell us how long we have been using facebook? should apple tell us how long we have been using the iphone? tony: not all of the business

models are based on how much screen time you have. some are, and some are not. you have to look at the individual business and figure out what their key metrics are for how they drive their revenue. i know, that in the day when i was at apple, that was not a revenue driver, how much screen time people were using. for apple, it's more about selling more devices. it, i think about that users will buy more devices if they have the information and control over those devices. it, i think that usersi know a lot of parens consider, should i buy them a smartphone or not, should i buy them a tablet or not. they would buy multiple devices if they knew they could control them. today, they are wary, because they have to collect all these devices before they go to bed. i have to set controls on all of them. the controls become cumbersome. extra devices become cumbersome. that's limiting to business potential for a device manufacturer like apple. emily: what about facebook,

where the business literally is the more you use facebook, the more ads we can show you, the more money we can make?\ tony: i think about facebook. first, my kids are under 11. they do not have facebook accounts. they don't have any kind of social mobile accounts. our family doesn't use them. but at the end of the day, you need to look at the content of that social mobile app. what is a protein? i think there is a great protein inside of facebook where you can connect with your family and friends and share stories. is there a nicotine or sugar component where there are stories and other ads to distract you? i think we need to look at each app and think about its benefits and its distractions. if you think about it, you know, i get all kinds of different email to get me to reengage with certain apps or notifications like, did you see so and so posted on this? those are interruptions. those are dopamine hits to get

you to use the app more. this is something social mobile apps want you to engage with. it also happens with youtube. it also happens with games with in-app purchases, games that need you to stay around a long time to use them where there are advertising-driven models. we have to look at each app and understand what is good about it, what's not good about it, where's the interruption, and then be able to set for ourselves -- assess for ourselves which apsps we want to put on our phones and tablets, as well as our kids'. emily: have you had any personal moment of guilt, like a frankenstein type moment, where you said yourself, oh, my goodness, what have we built? tony: at the end of the day, you aok around and go, my god, massive amount of the population has a smart phone. you are in awe of that.

there are unintended consequences that come with these kinds of things and we just need to work on them. there were app stores. we have great app stores today. when you look at the app stores, there are certain things inside of an app store and certain things that are not. there are not gambling applications. there are applications you can get addicted to losing your money. we also have to think about that in terms of, like i said, these social mobile applications or some of these other ones that have different, not beneficial customer metrics for their revenue. i always worry about how to improve the technology. in this case, we have unintended consequences. for thee easy problems platform companies like apple and google to solve. this is not like self-driving cars. this is 10,000 times easier to implement and cheaper, but it can give lots of control and in still consumer loyalty and trust

in the brands for their families and themselves if they can get information and control over their digital consumption. emily: so, give me some specifics. what do you think apple and google should be doing? tony: well, specifically, the first thing is they already have all the information across all the devices that you use, so you can have an iphone, ipad, apple tv, mac laptop, and between all of those things, they know how much we are using, how much we are emailing, texting, browsing. they can give us back a calendar of events, just like they do on the apple watch, for how many steps, how well we sleep, how our heart rate is doing. it could do the same thing and give us our digital information and metrics about our day in the life of the digital world. it should be a combination in a calendar. show you a history of physical of, as well as physical use

our body as well as digital use of our devices, so we could see how much we are using these devices, and then moderate our behavior. oh, that seems like we are doing too much. or in my case, i'm not using my french language app enough to learn french. i would love to be able to set goals and set controls on this data to allow me to specifically control how i use these devices. i would like also a way to set my device so when i'm listening to music i'm not interrupted, being buzzed, or another notification coming in. i just want to enjoy my music without interruption, like i did in the old days with the ipod. or when i'm reading, i don't want to be disturbed. but today we have all these different notifications coming in, all these different interruptions. i would like a single-focus device sometimes. i would like to say never give me this notification ever again. that happens across all of the platforms, so that i don't have

to get disturbed about it and i don't have to go to every signal device to turn off these notifications. emily: you're not just anyone, tony. you could probably get tim cook on the phone in 10 minutes. have you told this to him directly? tony: i've told it to multiple people inside of apple, and i look forward to talking to tim about it as well. so, i'm looking forward to that conversation. emily: that was nest co-founder tony fadell. coming up, she is one of the most high profile female venture capitalists in technology. we will talk to aspect ventures jennifer fonstad about the fundraising environment. this is bloomberg. ♪

emily: aspect ventures has a

broad portfolio. it hit a milestone this week, raising $181 million for its second fund. it has a high profile backer in melinda gates. it is the biggest vc fund created and run by women. jennifer fonstad joins me now here in the studio. i remember when you and teresa came on the show, talking about raising your first fund. i'm so curious how the landscape today is different, if it is any different. how did this fundraise compared to the last? jennifer: we were very lucky. we had a number of -- all of our fund one investors came forward and participated in fund two, with the addition of a couple new investors, with the addition of melinda gates. our story really resonated with her. our track record resonated with her. she joined, as well as cisco systems. emily: melinda gates is

obviously melinda gates. what does she bring to the table? jennifer: she has been vociferous in her support of driving would -- driving diversity into the tech community, focusing particularly on women. women,d is founded by but we are gender-neutral in how we approach. networks andf our how we think about building teams and how we think about how important culture is in building teams, our portfolio itself has become quite diverse. our fund one portfolio is about 40% women founders, has a woman as a founder, about 30% minority, and 50% are immigrants or children of immigrants. emily: so, that was my next question. if there were more women investors out there, how would the companies that get funded be different? we might see greater diversity of the people getting funded, but what about the kinds of companies? jennifer: that's a great question. what we believe is -- we see

ourselves more as a next-generation firm, which is focused on investing in companies that are more reflective of the communities in which we live, as well as the customers. there is a lot more customers, immigrants,ities, who are the consumers. we see the real opportunity and the real competitive advantage we have i having these broader networks is by investing in more diverse companies with portfolios that reflect the underlying communities in which they are operating, so they will be more successful and deliver better returns. emily: what's the sense you're getting from lp's, the investors who invest in venture capital funds, about how much they care? my understanding is that lp's haven't cared about diversity very much. they cared about returns. is that changing. ?

jennifer: we think you will have better returns by investing in diverse companies. a number of studies have shown that. women run companies with 15% better performance. minority-run companies, 35% better performance. google has done a lot of research around this, to find better for forming teams have more diverse teams in them -- better performing teams have more diverse teams in them. we continue to understand, which it deliverseciates, better returns over time in our portfolio. we have a 20-year plus track record of delivering strong returns in the tech community, and we think this will give us an additional edge. emily: there have been a lot of revelations about sexual misconduct in the vc community by mail investors often geared male investors often

geared toward female entrepreneurs. there has been talk of a third-party hr organization where people could file complaints. what progress is actually being investors often geared toward female entrepreneurs. made? jennifer: there is a lot of interest across the community by men and women to really try and drive this out of our communities. ideas, and number of there is a working group that -- several working groups that are coming at this, men and women involved, who are approaching it from an hr challenge to enable third-party access for those who feel harassed that could approach that group. we've talked a lot about delivering pledges. i think all of these things really are important and critical and we are still at the early stages of many of that, but i also think it is about building strong cultures from the ground up. some of the most successful ealth, theyathena h did a fantastic job of building a very cohesive culture that allowed strong voices and diverse voices to come forward. ultimately, better decision-making is when you're working in a safe environment

where you're considering diverse opinions, and those are being considered in that final decision process. we think that will drive change in our community. emily: what sectors are you interested in right now? you are investing in solar, in space, in electric cars. what do you think are the hot sectors of the future? jennifer: we have about 1/4 of our portfolio in cybersecurity, fund one, and we expect that would be a big thing. in davos, it is continuing to be important, a global thesis. we have a lot of experience in looking at cybersecurity from a number of different angles, from vectors andhreat different dimensions, so that is a key area for us. ai is another area where we have been doing a lot of investing. think using machine learning

driveadjunct really can better outcomes for those companies and better experiences for the end consumer. those are some of the areas. blockchain is another one we are looking at, but primarily around solving business problems. those are some acid-based plays you are seeing. the -- asset-based plays you are seeing. the robinhoods of the world.\ emily: thank you for joining us, jennifer fonstad. still ahead, watch out, waymo. apple is expanding its self-driving test fleet in california. we will have all the details. this is bloomberg. ♪

emily: a story we are watching -- google has reached out to jake sullivan, a former deputy hillary clinton at the state department, in its search for a new head of international policy. the discussions may not result in a job offer, according to

people familiar with the matter. are wrestling with the best strategy to deal with regulatory threats in congress, republican-controlled congress, and the white house that is suspicious of the industry's rising power. apple is expanding its self-driving test fleet to 27 vehicles as it accelerates efforts to catch up with competitors like alphabet's waymo. ceo tim cook it knowledge for the first time in june that the company had a team developing autonomous -- ceo tim cook of knowledge -- ceo tim cook acknowledged for the first time in june that the company had a team developing autonomous technology. broadcom's bid for qualcomm got opposition from three of china's biggest smartphone makers. they are concerned rmb may suffer should broadcom -- r&d may suffer should broadcom dominate the market.

broadcom is confident the deal will go through in the next 12 months, saying there is no antitrust issue that couldn't be resolved. that does it for this edition of "bloomberg technology." we are livestreaming on twitter, 5:00 p.m. in new york. that's all for now. this is bloomberg. ♪ we use our phones and computers the same way these days.

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kong is 7:00 a.m. in hong and where life in the asian headquarters. yvonne: book into daybreak asia. -- the dollar surges as president drop contradicts his own treasury secretary. inflationro rose as will pick up for it the currency reaching its highest since 2014. and i am betty lou, and intel jumping after hours as revenue beat estimates. despite a security flaw in its chip. president trump