tv Bloomberg Technology Bloomberg February 20, 2018 5:00pm-6:00pm EST
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honor for a public safety officer. the awards are given each year to officers who have exhibited exceptional courage regardless of personal safety in the attempt to save or protect a human life. the president has directed the justice department to write regulations banning the use of accessories known as bump stocks. they allow semi-automatic rifle's to be fired more rapidly. police say the gunman who killed 17 people at a florida high school last week used an ar-15 style rifle. meantime, a group of students who survived the florida school shooting are on a 400 mile trip to the state capital to pressure lawmakers to act on a sweeping package of gun-control laws. they plan to hold a rally tomorrow at the state capitol building. tomorrow will mark one week since the mass shooting in parkland, florida. hasndon-based lawyer admitted he misled investigators about the last time he spoke with rick gates. gates is a former associate of
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ex current campaign chairman paul manafort -- ex trump campaign chairman paul manafort. 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. "bloomberg technology" is next. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming, russian bus take on u.s. gun control.rushers in during an expanding twitter campaign against america. plus, walmart's margins hit record lows. the fight with amazon takes a toll. how investors are reacting. an essential goldman for advertisers looking to cash in on the new era of connected cars. first to our lead. russian bots were caught
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targeting certain hashtags following last week's school shooting in florida. widenjust one way to divide among the u.s. electorate on how to handle gun-control, making compromise even more difficult. this is impacting issues like the nfl in the debate and a 2016 u.s. presidential election and ultimately led to robert mueller's indictment of 13 russians for allegedly meddling in the u.s. election. twitter and facebook are facing renewed pressure to do more to expose these bots and take more into account. are the tech giants doing enough? ands welcome in selina wang our guest who joins us from d.c. you have done so much work on counterterrorism over the years. what do you make of simply how these russian bots are approaching this new particular tactic? >> sure.
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week witheen a big the pressure on tech. not only did you see much of us come out in full force after the horrific and tragic events in florida, but he also saw last week the robert mueller indictment citing facebook 13 times and twitter and youtube all mentioned, and that is because the tech companies have a number of problems on their hands. bots whichuld -- the came out after the shooting trying to create divisive rhetoric and fake news conspiracy theories. this is not new, but the real concern is the same tactics and strategy is going to be taken again in the midterm elections and the same tactics and strategy is taken by terrorist organizations on this platform. so when you are seeing right now is another issue area of a tragic school shooting that russia is trying to exploit across these platforms, and they clearly still have the ability to do so despite some minor reforms that have been made. emily: walk us through the tactics step-by-step. selina: almost the exact same
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playbook that has been played over and over again. i spoke to a researcher of a project who has been tracking this, and he says it is almost exactly the same as what happened in vegas. army tweetingots and tweeting the breaking news. they are trading implications of the most extreme and divisive issues and opinions on gun-control. by day three, this is when they promote conspiracy theories and want to start to destabilize american trust in public institutions, saying the government, the media, the police are all lying to you. this is something we have seen over and over again. you mentioned the nfl and then issue and the presidential election so that there is this same playbook will be applied to the midterm elections coming up. emily: how big of a concern is it that this could move not only from social media, but fabricating real-life events? we now know the russians were behind creating a real-life this
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islam protest in texas. absolutely. this is out of the letter playbook and they will continue to repeat it because they do not need to employ a lot of resources. what needs to happen is that tech companies need to take steps not only to get down content that violates their terms of service, but there are other measures they can take. obviously, you not going to be much of control of every individual rights online if it does not cross a particular threshold. on at buying, there are specific measures that congress is pushing them to take going into the election. on bots, companies are not in favor of these and trying to crack down on these. why are there so many bots operating on these platforms? that is a measure that if twitter was to reason out i have seen different levels of reporting, 50% of accounts are bats -- bots. in any case, there are enough that are amplifying the messages of the fake news russia
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propaganda counterintelligence operations that may influence our midterm elections so if the companies are serious, there are clear measures they can take to crack down on some of this and make a real dent in the problem. unfortunately, we have not seen it happen as evidenced by what has been going on this week. emily: you cover twitter and know extensively what they are doing and not doing. how are they actually cracking down here when we know a lot of bots have been kicked off the platform, but there is no more than enough. selina: twitter is doing all they can, but there are more constraints. they have had financial issues. they just reported their first real profitable quarter. they are dedicating as many engineers to this issue as they can, but we have not heard them take steps to hire new people to address the problem. another issue is even though these algorithms twitter has are getting better and better, they are changing tactics faster than twitter can
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keep up. i have spoken with people who work at twitter or worked at twitter who described it as a whack-a-mole proble. we see a new pattern emerge, and that is the pattern they are up against. have made stuff for transparency and are starting and add transparency program for .he 28th elections they they are trying to make sure they keep it as clear of russian meddling as they coan? emily: the you agree, or do you think twitter can do more? twitter, facebook, google, you hear them repeatedly saying they are doing all they can, but if you look at his companies and the amount of money in the companies, they are technical wizards. they are able to do a lot with your data when they want to do a lot with your data, and i think they can do a lot more with these problems from terrorism to
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russian meddling to other nefarious foreign actors that are trying to be meddling in various ways as well, particularly when the line is being crossed and laws are potentially being violated, which is what is happening in terms of at buying. if they don't fix that, that will continue to be a violation of the real world campaign election finance laws. i don't think the tech companies are going to have the luxury any longer of being able to operate in this free space where laws are potentially being violated and things that would not slide in reality are able to fly online. i think what is going to happen here is you are going to see not just the public start to get fed up with this, but you are seeing other parts of the private sector, most notably advertisers. you have the unit executive a week or two ago threatening not to buy ads on these platforms because to be frank, ad and please don't want baby product ads or ben & jerry's ads running on platforms where there is jihadist content, russian bots
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undermining our election. it is bad form for advertisers. . the happening of hearings on capitol hill and i think you are seeing pressure out of the u.k. grilling tech executives a week or two ago and being grilled on capitol hill. emily: robert mueller has indicted three companies, taking individuals with relation to russian meddling in the u.s. election. how is that related to the activity we are seeing now? are these the same parties who are behind it? selina: was russia has been doing is much more well-financed, well-organized, and sophisticated than what congress could have even imagined. i definitely think that has created fear among lawmakers. they can be well organized themselves to combat this issue if they had operatives in multiple countries. they had very sophisticated measures to try to cover their tracks. they were buying servers in the u.s., buying servers here to
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cover up what they were doing. there are many tactics they could do. someone who has testified many times says that twitter should ban all social bots. knowing what's what is mission is, this is not some thing they would do, but there are more obvious drastic measures they can take. that happened calls that the companies need to integrate and talk to each other more and have some sort of shared database about a foreign influence networks and bots and influence how to more easily and effectively target them together. emily: what is next? i mean, the midterm elections are coming up. are they going to be potentially another disaster? are. potentially, they they are coming up quickly, and i don't think we have seen the amount of reform that would be necessary to prevent the same type of meddling we have seen happen on these platforms. our best case scenario is we will see more of the same and
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now people will be more aware of the problem so they will not perhaps fall. or pray to the russian bots or russian intelligence operations trying to carry out online, people might look better at the information that is coming to them, but i don't think we will see a dramatic change unless the 1 tech companies undergo dramatic measures. what is troublesome your is is not just about the midterm elections. i mean, this is about potentially any significant event or issue area in american and domestic politics when we see this happen after terrorist attacks, after school shootings. we see terrorists exploiting these albums as well to help radicalize people. is a problem. the same technical issue is at the heart of it, but it is permeating a number of really important issues right now, and i'm hoping you'll see a groundswell of movement by the companies. i think for the next election what we really want to hope for is that there is no hacking into
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our election systems, which we have been lucky enough to not have anything dramatic on that front because that would create real have a. -- it didhis is more not successfully interfere with people's voting or vote counts or anything like that. so a best case scenario unfortunately will be more on the same on the platforms and nothing that directly hits the election system itself and the infrastructure. emily: this is something we are going to continue to discuss. tara and our very own selina wang, thank you both very much for joining us. at&t it is proposed to time warner deal.a judge has ruled the u.s. justice department does not have to identify whether the recommendations between the white house and attorney general jeff sessions. they suggested president trump's dislike of time warner's cnn sway the justice department decision to oppose the takeover last year. a antitrust trial date has been
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chances to battle amazon. matt boyle covers the world's largest retailer. .arah is in washington -- tara what caused the slowdown in web sales? >> the slowdown was called by some holiday snafus. it took us a while to get the truth out of them over the course of this analyst call, but doug mcmillon did say eventually that the influx of all the holiday related gifts and toys just through their system out of whack a little bit, and that prevented some orders of basics, april towels and the lot -- paper towels and the like, getting to customers. they came up on the one-year anniversary of the acquisition of jet.com. they had told us that the growth rate was certainly going to slow. they have got into a 40% growth rate for this fiscal year, but i don't think anybody was expecting a number as well as 23% and the shares certainly
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reacted to that. emily: talk to us about the acquisition and how that factors in. of thisd hope that more growth would have happened organically, but how much of it was coming from jet.com? >> i think that is the big question that today's results have posed to us. walmart has been telling us all along that the core of their improvement they have seen the last three quarters have been organic sales from their own walmart.com website and netjets.com has been a nice additive but has not been a heartbeat of the growth. they wills questions hit his 40% growth target in the fiscal year ahead. how are they going to do that with a stumble this quarter? emily: let's talk about the how, matt. what are the bright spots that walmart has going for it when they are going up against a company that is all e-commerce like amazon? matthew: their biggest price spot is food. they are the nation's biggest
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grocer and they now have curbside on language we pick up where you don't have to go to the store. you place your order online, drive into the parking lot, alert them you are there on your an a from employee try to enter the car and puts it in your car.they had it in over 1100 stores now and are putting in another 1000 stores so about half of the u.s. store based will have curbside grocery pick up by the end of this fiscal year, and that is a huge advantage over amazon, who are still figuring out how to do food online despite the acquisition of whole foods, which got so much attention. let's remember online food, walmart is the 800 pound gorilla here. emily: so if that is the right spot, what is the dark spot? the dark spot is lots of other categories. apparel is a business walmart has never really gotten right. they have been trying to get back at it. we had a story friday about them launching some new clothing brands.
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they bought some things so they are making some inroads, but outside of food, is just a case where people are shopping for price, for convenience. amazon prime is a huge benefit. walmart has countered that by saying, if you order $35 or more, you will get free two day shipping. let's recover this is a marathon, not a sprint. walmart has had quite a few good quarters in a row. they had a bad one today, but this battle is far from over. emily: we are talking about the last year. what does the next year look like for walmart.com from your perspective? sarah: i think we should see some interesting innovations of them in the e-commerce space that will hopefully tell us more about their long-term prospects. one is the implementation of smart card technology, where essential you get a discount for bundling your orders as opposed to rapidfire firing off orders for individual items at a time. it helps the retailer with
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profitability.walmart will try to roll that out more broadly this year . interesting to see if consumers respond to that, specifically the classic walmart consumer who is budget conscious. emily: obviously something we are going to continue to follow. sarah, thanks so much as well as our own matt. thank you both for weighing in. offer muchqualcomm's to broadcom's chagrin. the latest twists and turns explain, next. this is bloomberg. ♪
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emily: it was a busy day for dominoes as the pizza maker reportedly fourth-quarter earnings reports. the announced the first revenue miss since 2016. about half of domino sales is done online. the percentage of digital sales is less important than working with a customer. he spoke with bloomberg earlier. >> ultimately the percentage of
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sales is less important than what you do with those customers once they are there. if you got a great analytics group, which we do, you are finding ways to drive more sales from those customers once they have signed up with them. our loyalty program i think has been terrific for us and our customers. emily: qualcomm has raised the bid by 16% to shore up support from shareholders. the new offer is $43 billion. qualcomm is fighting off a takeover event. it rejected a $121 billion offer from broadcom. joining us is our guest who covers all things qualcomm. walk us through what happened over the weekend. >> the weekend did not start off well for qualcomm. this morning, the two investment advisory services that work for the big investors till then you
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should look at this this way or vote this way kind of came out a lot more strongly against qualcomm and in favor of broadcom than people have been expecting. emily: house so -- how so? >> they did not give broadcom the full flight, but they said the managing is much better. glass lewis went even further. emily: what does this mean for annenxp? it has been going on for more than a year. ian: 14 months. this has been the regular tory approval thing, but what qualcomm did was go out and say, ok, we are raising our bid for this. this is money to bring in all of the investors like elliott, all of those hedge funds trying to hold the deal up and ask for more money. appears to have gotten over that hurdle now. emily: how did qualcomm's effort to buy it improved qualcomm's effort to buy broadcom? ian: that is a good question and
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complicated. emily: shakespeareanemily: what is going on here. ian: broadcom told qualcomm don't do it. our bid for you is contingent on you paying 110. now they are paying 127. obviously that is not look good, but what is going on behind the scenes is qualcomm has a lot of billion, so effectively qualcomm's bid is a leveraged buyout. and it makess away that bid much harder. emily: you have been covering the chip industry for many years. how would you rank the level of drama we are seeing right now? is this more dramatic than you have ever seen in your career as a reporter? ian: never seen anything like this. this is the biggest deal in history of technology, nevermind the chip industry. level of competition.
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seems like one minute one team is winning and the next minute, another team is winning. emily: the you have a sense which way it will go? ian: on saturday morning, i thought, wow, looks like broadcom is winning. that dragged, things back. emily: ian king, thank you so much for giving us a play-by-play as always. coming up, one of the fastest-growing cloud and software data firms just a tech veteran to its board. we will speak with john thompson, next. this is bloomberg. ♪
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bump stocks on legal weapons. ago, i a few moments signed a memorandum directing he attorney general to propose regulations to ban all devices into urn legal weapons machine guns. expect that these critical regulations will be finalized, jeff, very soon. administration wants to give consumers the option of buying less coverage in exchange for reduced premiums. the proposed regulations would expand an alternative to the plans ensive medical required under the affordable care act. individuals could buy so-called policies for up to 12 months but the coverage would protections umer and offer fewer benefits. on capitol hill, senators are crambling for fallback options to prevent the deportation of young people who arrived in the u.s. illegally as children. the clock is ticking towards
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expiration of the program that allows them to stay. legislation failed last week in congress and none of the plans put forward since traction.ained global news, 24 hours a day, owered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. 5:30 p.m. here in washington. morning in ednesday hong kong where we're joined by loomberg's sophie, with a look at the markets. good morning to you. morning. it looks like stock market jitters have returned after u.s. treasury opened up the option flood gates. continue after the struggle on wall street. in tunnel of catalysts, on the data docket we have japanese pmi to look out for and from australia wage data. watched for closely
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growth and steer inflation. , that continues for several. markets, a ncy officialer dollar will be a driver and we're seeing the in crude slowing somewhat. the is comments from the u.s. deputy, energy secretary aying on track for phenomenal growth. rebalancing is gaining traction. in hong kong, up next, more with bloomberg technology. emily: this is bloomberg technology. firm ed in 2014, software rubric has seen rapid growth. status last icorn
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year with billion plus valuations. now it's picking up the the with the help of microsoft chair thompson who ust joined the board and is advising the company. thompson joins us with the c.e.o. and co-founder. invested in one of the earliest rounds. that's impressive in four years. data back-up and recovery, not he most obvious or sexy topic but it is still a huge need for businesses. product stand out from the rest? >> it's to connect to the cloud softer fabric that goes from one premises to the cloud unique architecture has prepared rubric around the world into the largest enterprises who
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want to keep and manage their data. emily: john, you've seen so many technological shifts. out to you as special here? >> my sense is that every 15 ears or so, there is an inflection point in every segment of our industry, and no had really entered this particular segment for the last 15 or 20 years. view was, it was time. and so when i got introduced to thought why not make an investment in him and in the together.he's put because it's time for a change in this sector. emily: why use this as opposed amazon has to offer? >> just because applications run in the cloud doesn't mean that he need for the protection of data management go away. oth microsoft and amazon have deeper partnerships through rubric. emily: we hear this word
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partnership a lot when talking companies.rprise i'm just curious, john, from your perspective, who will own what and when does the partnership, you know, not make sense? make sense to own as much territory as possible? let's be clear. the customer owns the data. amazon norrosoft nor google or anyone else, particularly around the enterprise space, should feel data.hey own the the customer owns the data. goes on, however, it -- i think as time goes on, the er, it will be who has strongest share of the enterprise. clearly microsoft has a pretty strong position. aws has done very well. primarily, i would say, with arly stage companies looking for a cloud-based platform. for those enterprise customer want to move their data and aps to the cloud they chosen to opt for microsoft as opposed to other alternatives and i think that's a good thing clients soft and those as well. emily: what does it mean for the
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up and comers like rubric? things about great rubric is it is what one would refer to as the hybrid model. and recognize that is a certain amount of the data will remain on premises for a certain amount of time and a certain amount will move to the clouds so the customer gets to as to where they want their data to reside. that's a good thing for rubric client. emily: where do you see the cloud industry going? there is all this talk about certain point, again, it's about ownership, right? public cloud versus private cloud, which cloud will be bigger in the future, or will model endure for the long term? >> so far, rubric, way we think business, we want to manage customer data, enterprise data, wherever it is, whether it's on the premises, or cloud r both, it really doesn't matter to us. what we're seeing in the marketplace is large enterprises cloud and at public saying, how do i gain
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by going l agility into the public cloud? if you look at rubric's growth, growth of d on the public cloud. we grew from zero employees 40 800 employees, $300 rate.n annualized run we just hired a new cfo. e joined me on the board to 30-year bear a long time company. our vision is whether it's premises or cloud or both, we to be the data management platform. emily: you're making a huge commitment to your customers to data.t i don't know, is it more unsafe than it's ever been before attacks, there are so many bad actors out there. john, how would you sort of threat rize the environment and the importance of, you know, protecting your this?ith a product like >> there is no question that the andscape has changed quite substantially from when i joined the company back in 1999.
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experienced e hackers attacking us, and, quite more y, there are geopolitical attacks that are going on which are hard to separate from someone who is in for profit versus someone who is in it for intelligence, if you will. o i think one of the things that rubric has done, that's uite phenomenal, is they have ntegrated not just integrated not just data management, but security management into the platform, so customers get the benefit of both when they go to the rubric platform, which is something i a few years ago for sure. emily: when you look out at the especially given your time at your company, what concerns you the most? what are the most dangerous facing?that we're >> the greatest vulnerability we have in the world is you and me, we make mistakes, when phishing campaigns come our way that look real. invariably, that becomes the single most significant exposure for every organization, that one of their employees, naively clicks on a link that creates an
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absolute disaster. i have done that i'll admit that. emily: if it comes down to ndividual, even the most educated individuals make mistakes. >> that's exactly right. emily: how can you ensure, i mean, if someone is paying for something goes wrong, that's a big deal. how do you ensure that their data is protected? we think about data management and data protection, in ssume something will get and something will go wrong. the integration platform. if something goes wrong we can running and bring the data back instantaneously. that's the rubric's business. the recovery process. emily: last question for you, ohn, do you see consolidation ultimately in this part of the industry? >> i think right now there are or so large n global cloud providers. i don't see any of them each other.g with that's for sure.
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but that's easier said than to do ut it may be hard given the size and scale of those companies. however, many on, of what i would call the tier two players ever really reaching one. and i'll let you define who is in tier two versus who is in tier one. emily: i have some ideas. chair of son, microsoft now, thank you both us. joining >> coin base, the largest cryptocurrency exchange is out a long roll awaited software update paid. first made available by developers in august as bitcoin's growing popularity led network.tion in the most recently the company received an influx of complaints and high ficiency transaction charges. they said in a tweet on tuesday they will begin a phased rollout week. from kevinwe'll hear
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emily: japan's south bank is working on what could be a $19 ipo of its tell coastline business. of thenk may market most offering to japanese individuals. largestwould be japan's in two decades. russia meddling in the 2017 president high u.s.l elections and as the looks toward midterms, how to erable can companies be future interference? fire.question was asked of charlie: i c.e.o. >> technical vurnlrabilities, steal sia hack and documents?
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that will always be a tool in their tool kit that they can use something that's obvious. we can trace it back and say the ussian stole these documents and are leaking them. when it comes to the sharing of idea and ideology we're an open ountry and we've got to sort out as a nation where the boundaries between how people -- person in e one today's world be represented by so to a thousand online per personas. operations like that are here to stay. government will use them to some extent and we've got to them? out how do we find >> kevin, you're at the center of the security storm per se. actually released a report on chinese cyberspies. ago.ive years >> five years ago. how does this compare, what russia has done to something seen in the past? >> you know, there is a general
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continuum, i can tell you, i have observed russia my whole career and on offensive to be there t used playground. the military against military, government against government. started to change around 2015 their operational security slipped a little bit. the ng they weren't doing counterforensics. their targeting broadened and seemed s of engagement to spiral into other areas like releasing documents. these are things they didn't do decades in my career but now they are doing it so it's obvious to me we haven't settled are the appropriate rules of engagement between two nations > how much is it because we don't take the time and effort to actually defend ourselves? a lot of those emails that were say they could have taken basic steps to protect their emails? it's hard to defend. playing goalie against gretzky, or later the puck is getting in. the same thing with russian sooner or later they
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are going to score a goal. agree to uld they rules of engagement? >> there may not be a good reason. the bottom loon is we have to kind of ome proportional response and repercussions whether it's do omatically but if all we a play defense it will be long thing and the puck will get in the net. sending out hundreds of posts, picking up the gun why can't these bots be reigned in? > we're a country that staunchly defends free speech anonymity on the internet. it's hard to impose, in a global profile, e privacy right? but here in the united states, allow anonymity on the internet. > when you pose as a chinese
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cyberspy, we have these 13 russians being indicted what action can we expect from russia? >> people asked me right before election, what do you expect? there are times there is just that's ed diligence and one of those times. this indictment, i didn't find surprising. i would imagine there are many want to influence elections in many other countries and one of the tools disposal is our information operations are influence operations where you chaos.t magnify >> i'm not going to make a response to the foreign policy but given ed states your technical expertise, we hear about a bloody nose this is to north korea, the equivalent of that in cyber. do we at some point really have in a limited way to brush them back from the plate to use a different sports analogy? will be a lot of varying opinions on that, david. if we launch attacks in against russia and they are successful and they at us and wes back are successful, we will lose.
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we're more dependent on open communications. our economy has an online basis to it that i think is more any other economy. cyberdomain is probably not the retaliate.n for us to we're in a glasshouse and sometimes you're throwing rocks at a mud hut. >> coming back to the first question, is the greater throat what ually have hackers, if russia would actually affect -- would it be more the that you l threat describe, we don't know what they are saying and who is saying knit -- are k the threats were here forever. it was here before the internet and it will be here now. the threat during the elections, how to ntinue to learn do more digital-based elections up. we'll be doing shields everybody will be very cognizant
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during elections to protect the tally. c.e.o. of spotfire. coming up, the possible effort ry hurdles the may face. if you have a bloomberg terminal check out tv go and watch us or click on our charts. you can chat with us directly over the ib. you can contact us on twitter. the first 24 hour global news network streaming live on twitter. this is bloomberg.
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>> you've now had to follow bill gates. don't try to be like us. >> if you do this well, we'll be happy. job, k, if you do a good maybe you'll have another job. if not, you won't. emily: the go-it-alone approach in japan isn't working. to say in they had tokyo on tuesday, announcing he's looking to forge partnerships. made clear japan's $16 billion taxi market is already could ality but said it become even more efficient, fter japan, he's scheduled to
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visit india where uber is competing against another local start-up. is racing to ary new connected future. one in which wireless onnections and cars combined with artificial intelligence is spurring in car advertising oftware powered by dryer's personal data but the big question remains, can automakers all the data they are capable of collecting without lienating consumers or risking backlash from washington? for more, we'll bring in the welch.chief david david can, they? >> sure. the car companies collect a lot data. the car knows a lot about you. it knows how many people are in car because the airbag sensecers have to know who is seated and where. if your not buckled in, it knows somebody is sitting in that seat knows the weight because the cartels whether or beep at you. it knows where you go onfrequent basis because it sort of tracks
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the navigation system, frequent destinations and may even suggest your home or work. that information, if driving a certain route a may say, why not stop for ruben sandwich. it's not happening now. the car companies aren't selling data at this moment. they do work with some third know, they areyou not en mass selling their data individually. aggravated data but it's coming. emily: we're talking about this being focused on the actual screen.ion we've talked a lot about distracted driving. is there a safety issue here? yeah, there could be. general motors has launched something called marketplace here you can connect to starbucks or dunkin' donuts and order coffee or make restaurant safety ions and some groups have already piped up on this and wondered, okay, are we
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area of too the much, if you're sitting there staring at your screen or even screen, to your order up your latte or whatever it is you want to pick up. safety issue? gm has made the system pretty simple so you don't really have a lot of time staring at it but the safety groups are already starting to take notice and, you know, they are not in favor of it. are the big players trying to get in on this? >> there has been a battle on between the automakers and companies like apple.and those systems right now, car being one of them there is already a debate over -- if only certain aps are allowed to go up on the screen and will work with your car. that's the car company's we of google, if you happen to be using a samsung phone, it's
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of keeping google from mining all of your data in the say, ut if you're using, ways, which is a google owned navigation system on your phone, knows where you are and it does flash up pop up ads. the system et into of your car but it knows where you're driving. youresn't have to get into car itself to market to you, just know where you are. period. emily: have regulators weighed in on this yet? >> not really. privacy is et something where right now it's of the wild west still. people are giving up a lot of their information for different online and cars are kind of the same way. right now, car executives are want to sell n't your individual data marketers. they won't do that but if you story, they said they don't want to make that statement forever. doing st say they aren't it right now. emily: david welch for us in detroit.
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as always, thank you so much for by.ping you can read this story on , our dedicated webpage featuring our best reports on the future of across bloomberg news. that does it for this edition of bloomberg technology, on wednesday's show we'll fair from facebook co-founder chris hughes. inequality and he also has some -- some great facebook.ies about check customer out at in san gy, 2:00 p.m. francisco, that's all for now. this is bloomberg.
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>> 7:00 a.m. here in hong kong. e're live from bloomberg's asian headquarters. welcome to day break asia. this wednesday, asia specific stocks are expected to all after snapping a six day winning streak. u.s. equities were dragged down disappointing results from wal-mart. >> that's crazy. in the meantime, bloomberg's it's just quarters, past 6:00 p.m. on a tuesday. the dollar rose as the treasury securities to rebuild its cash balance. rates not seen since 2008. and the russia inquiry nets another catch. a london-based lawyer
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