thed: equity markets in asia-pacific continue to build on the rule of rally. policymakers -- index of stocks has recouped all of its -- almost all of its losses. restoring its dividend after a two-year gap. suggesting hollenback. payout.ased

hauling back. we are told the target will not that having9%, and not been lowered since 2012. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. let me get you a quick check of markets. closing bell in australia. for the markets update, this is bloomberg. ♪ emily: i'm emily chang and this

is "bloomberg technology." the fight for smartphones the premises. the way and on the upcoming battle between the iphone x and the samsung galaxy s9. believes the trump team and its mastery over analytics won the election. itsaba put tencent and crosshairs. -- in its crosshairs. first, to our lead, the battle of the smartphone. samsung has come up with its response. the company unveiled the newest off the heels of this announcement. apple is preparing to release a trio of smartphones.

handset comes the same size of the iphone x. apple is already running production tests with suppliers. an official announcement is expected in the fall. mark, what do we know? mark: we know a lot. we know that apple is working on three new phones this year. the big story is it is a bigger phone. it will be the largest mainstream smartphone on the market, topping the note eight from samsung. there will be a not the -- an update and a cheaper model with many of the features that people like in the iphone x. emily: how will this compare? mark: if you look at the strategy, they have the seat of your low-end phones. the problem with the eight and a plus, thoset

designs of the same that came out in 2014. this will alleviate that. a lot of the new outward facing, flashy features. it really appeals to markets in asia where there are a lot of users that are single device users. theiratch tv from it, use email, do their homework from it. they do everything on one device who spreadr people it across a laptop, tablet, tv. what will competition be like between them? mark: let's move to the samsung s9. we fresh of the phone.

since sun holding a fire for this fall when they come out with the galaxy 10. the big feature will be the foldable screen, which will be unprecedented for the industry. apple will be going toe to toe with that. it will be a really significant moment to watch. emily: you often hear apple talking about getting new users from the android platform. how many users are switching platforms? mark: tim cook watched that question last time. they usually like to tell that number. we do not actually have up-to-date data on that, but what we do know is that this big

phone is going to appeal to android users on the note eight bandwagon. the lower cost model will also bring down the high-tech thriller price. that could be appealing to android switchers. it comes that iphone x, what do we know about the mix and how do we expect that to evolve? the iphone is north of $700, which is an all-time record. we also know that unit sales came in around 77.3 million units, which was below estimates. sales were lower than expected, 1% lower what theyyear over saw last year. people are really interested in the iphone x high-tech features, but some people cannot afford it, so they are left with the cheaper one that they do not

want. with the new technology, that will be a big boon for apple. emily: some breaking news. glass door is interviewing banks to advise on a public offering that could come as soon as this year. we will have a lot more coming up, including what our ipo reporter says. if you like bloomberg news, check us out on the radio. this is bloomberg. ♪

emily: we just broke that headline that glass door is

comparing for an ipo. we want to get to alex who covers that. glass door is interviewing bankers. this is according to people familiar with the matter. the online job company is looking to list in the second half of this year. that could still change, but it is a step forward from a company that has been on my watchlist since they raised money a few years ago, giving an evaluation of almost $1 billion. this would come on the heels of what we have seen as a rush of companies getting out towards the public markets. it could be a good indication that we have more like last door to come. -- glass door to come. emily: what do we know about the business model and how the business is doing? alex: the business is going strong.

it is what investors typically like to see out of the companies. anything less is a bad line. they did just bring in james cox , who used to work over at advent software. they have been bolstering the ranks. , and aought in a new coo new cons person. there is a lot of good momentum here. another candidate is surveymonkey. financials have been improving. it seems like they will continue to be busy for new companies getting out into the market. thank you so much for that update. just how influential where the russians in getting donald trump elected? these are questions that continue to plague the minds of

u.s. voters. a former facebook employees says trump's mastery may have been the biggest influence of all. plotting russians makes for a good story, but the trail of blame often leads much closer to home. it could very well be how you arrive at what you are reading right now. atant to bring in the author wired and a former product manager and the author of chaos monkeys. great to have you on the show. explain what you mean by that. >> it was so much fanfare about the russian thing. i knew that donald trump's use of facebook is how he won the election. there was a lot of

conversation about this over the weekend. hillary clinton had to pay a lot more for ad space been donald trump did. >> that is the story. emily: his campaign advisor said -- this is my trump was a perfect candidate for facebook. the bottom line is that facebook gives you more ad space if they think it will be more engaging. >> we mean click bait or comment bait. you get cheaper media for driving that. emily: why would top ads be more engaging? -- donald trump ads be more engaging? >> they believed it would spread easier. fair: do you think it is

for her to pay more for ad space ? >> in general, that is a problem. it is strange and weird. facebook system was designed to sell you shoes or a sweater, not to elect the president of the united states. i was the targeting p.m. in 2012. politics is not a priority at the time at all. what is the responsibility that facebook bears? >> to the extent that only one side exports facebook, i think it is deeply unfair. you explore some of the ethics of this in your book. ethicsh conversation of -- does this come up on the

minds of ad product managers? >> it absolutely does. that it comesg is down to industry back practice. what do you imagine is happening inside facebook right now. >> the are thinking deeply about this. you will not be able to enter a credit card in russia and then target swing state voters. that will not be the case moving forward. a lot of the russian efforts were not paid, it was just spreading means. that is exactly what ron goldman was trying to point out in his tweet. don't you think facebook is

trying to shirk from their responsibility? >> yes. you are seeing the death of editorship rights. that is what democracy has become. we'll facebook actually embrace that responsibility? i am not sure. i do not think they want it. you have a job they do not want. all contributed to this. they get morphed into filter bubbles. how much of a responsibility do think facebook bears? >> i think it was one part of the puzzle. how much responsibility does facebook there for the

divisiveness of our country. it does bear some responsibility. facebook grapple with that? what do they change? political ads will be regulated much differently. the business of hillary paying more than donald trump for the same will not be going forward. so you do see regulations coming? >> way things are done now will not be the same. the would be regulating practices. emily: twitter bought one of your companies. do they have a problem in ad targeting? to the extent, the extent,

they use that that they would have the same issue. emily: we can imagine that a hillary clinton campaign would pay more than a donald trump campaign? >> the sort of paradigm of judging by engagement, google came up with it. this is actually industry practice. emily: rather than answering what will happen, what do you think facebook should do differently? as.he policing of ds.a that is one step. they will crack down on those a lot. it will be a big deal to run political ads on face it. they will probably set aside inventory for various campaigns. you will pay the same amount for

the same people in the same swing states. five percent of the inventory and say this is what goes towards this campaign and this campaign. mark zuckerberg has said they will start showing more status updates and family rather than news. do you think the intentions of facebook are good? the business of a more wide open and connected world, they believe that. they do not see the negative consequences of what they do. ofthe time we were thinking having a company like bed bath & beyond so you bed -- bath towels, not trump winning the election. if you had told me in 2012 that the products we were building

would be used by agents to divert democracy, i would have laughed in your face. emily: nobody is laughing now. thank you so much. great to have you on the show. says bp haselecom been a headache because of brexit. the company is convinced england looking up. that coming up next. this is bloomberg. ♪

emily: when hundred thousand people have descended on barcelona. ceo who says the that bp has a recipe for success and will recover. he said the investment has been the pound and depreciation and regulatory environment have had an impact. take a listen. >> telecom is the biggest

publication operator. -- we1 markets in europe have markets on the nation. bring them together. we are working on the netherlands for we are bringing operators together. there is nothing happening cross-border. we have much focusing on strength within the body. --n we have the u.s. was which is a new position as well. area, more the organic road towards a new era of infrastructure. >> what about liberty global? are the regulators listening? >> i think it is unacceptable in this kind of deal because it is creating a new monopoly. it will do anything in the housing association, where they

have a legal privilege. infrastructure, telecom is fully regulated. i think that is totally unfair. do you honestly think the deal will go through? >> it is too early to say. i just want to claim that if this deal is going to happen, we have to see a totally different landscape. from what i see of the past of this cable network in germany -- we will see what the authorities might decide. >> what about the u.s.? you talked about the fact that there is no deal there. what is the future of the united states? totallyve invented a negative industry and away. alecom has created

proposition. 19 quarters in a row, we have grown with more than one million customers. >> the growth is slowing. >> the only one with growing growth is us. last year, we bought more than 30% of the 600 spectrum. we need that for deep coverage across the country. we are now opening a lot of areas. we are going into 330 million already. this is a new era. >> are you going to buy more spectrum? >> know, there will be a break. there will be a break. we are growing organically in the market with our customers. >> tell me about the u.k.. you have investments in brexit.

>> it has been a headache. andave brought the business that shares and exchange. due to the brexit decision and the pound and euro relation, due to the tough regulation, we lost some value and it was depreciated. convergence, bringing it together, the portfolio of content on top of that, i think this is a recipe for success. we will succeed. was telecom ceo with bloomberg's caroline. coming up, just how do you spend $100 billion? the softbank vision fund, next. this is bloomberg. ♪ mom, dad, can we talk?

sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around.

david: your first word news. china is said to be planning to reduce its edging deficit to less than 3%. we are told the target will now be set at 2.9%, having not been since 2012. a plan needs to be approved by the national people's congress on march 5. u.k. opposition leader says the labor party supports the opposed brexit cuts. -- andnly clear divide openly clear divide. he says he is putting more people before ideology.

full access to european markets and maintains the benefits to single market in the customs union. impediments and no reduction in rights and protections. david: one of the longest flights in the world faces a challenge. they want the transport department to improve this joint venture. rejection could mean the end of marathon. that is not necessarily a bad thing. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. let's get a check of equity markets. inding across the region

singapore. >> we are seeing the equity rally continue. asian stocks holding at a three-week high. the exception of those stocks in china. we have seen a retreat in that index, but we are seeing some solid numbers coming through. there is a little bit of dollar strength. focus on that. we have seen the south korean won on retreat .1%. when you look at the commodities space, there is a big pull down in singapore, off 1.2%. off by one third percent. rubber that rally we saw coming through in the commodity. the health care stocks leading the game today.

tech player is looking good as well with the exception of tencent in hong kong. a pretty solid session. we are live from london at the top of the hour. this is bloomberg. ♪ emily: this is bloomberg technology, i'm emily chang. when it comes to tech investment funds, softbank vision funds reign supreme with $100 billion in its coffers. it has invested in uber and much more. they are not stopping. vision fund ceo spoke with bloomberg's caroline hyde and world congress in barcelona about what comes next. and hitting that $100 billion commitment in spending. >> it is simple. it is not just about industry. the method is entrepreneur first, the vision, the passion, the ability to grow. not just grow in terms of , but to recruit and go

out globally to hire senior management and building organizations. i believe they can do it because that is where they push on. how will you create exponential growth using that? that is one. second, they have to be market leaders. the economy, number two in the secondary. because going from number two to overtaking the market leader takes a lot more effort than just going to number one. >> market share, market leader in the country or globally? >> in the country. in the third objective is that they are truly disruptive. and there is a consumer need for them. there is a consumer need to sell you cars for people living in smaller towns or the larger

towns where they can get a better price. and with cheaper homes, it comes with the ability to have the online real estate broker, and they would sell it faster, with less hassle and at a better price. >> you have $100 billion to put to work. when does it close? >> sometime this summer. >> when you have $100 billion, you have the eyes of the vc community on you and worried about valuation. is that a cause for concern? ifno, it would be good valuation goes up because they can exit at those prices and a lot of the early investors have invested a lot, predominantly. we do both primary and secondary shares, including uber, and early investors exited and sold secondary shares.

>> you mentioned uber, dd, companies in the same space. how does that work when you have competitors? where do you see the vision? >> they are not competitors because dd is in china. uber is the rest of the world. there might be a little bit of overlap, but i believe it is quite synergistic because at some point, there is are in deep r&d to share. >> will you merge them? >> they can definitely be joint ventures and selling used cars to uber drivers. an insurance company like a limited selling car insurance so -- to uber drivers.

>> where does insurance go? are you eyeing up insurance at the moment? rajeev: no. >> what about the expansion into other areas? what are you seeing in terms of deals? do you want to see more from the banking or geographical sector? rajeev: i think we are seeing enough deals. the ability to process them is important. we have been in existence for nine months. we have seen enough deals. i think that we could -- the desire would be to see more from europe. we have made substantial investments in the u.s., which is our number one destination. we've made a few investments in china and india. we would like to see more from europe. >> what about the responsibility of technology? you sit on the board of you -- of the uber. these companies need to have ethics. where do you see the responsibility of vision fund

guiding these portfolio companies that you have? rajeev: we don't get actively involved with management. if we believe in the ceo and management, if we believe they are responsible, we keep an eye on them. we were has an amazing ceo and is doing a great job. they will continue doing so. to be successful in the company is not a short-term goal. it's about over the next 10 years. and the consumers should want to use you and relate to the brand. whether it is auto one, uber, dd. i don't think it runs counter because the brand as we have seen is a responsible brand. >> 10 years, you say. what is your timeline?

rajeev: there is no timeline. we would like it to be 12 years, which is a long time. we will stay invested as long as they keep growing. if they are growing at 30% or 50%, we will stay invested. when we believe that they are mature organizations and the returns will not grow as much, we will let them to other shareholders that want the risk adjustment returns that are lower. we do not invest in a company they seven-year arrive -- horizon. we have investments for growth. if we stop growing, we will address it. emily: that was softbank ceo rajeev misra.

caroline also caught up with president of google's assistant. she asked if google is going global with its assistant. >> we are excited because by the end of this year, we will be available in 30 languages. it covers 95% of android users around the world. we're trying to cover the whole world with it. >> how much are people having to reinvest and get more money and time and effort into including how intelligent artificial intelligence is? scott: building the assistant for all these different languages is a huge investment. and luckily, we think some of the world's best machine capabilities, things like speech recognition, language understanding, understanding dialogue. we are really putting all those machine learning engines to work

across the different languages. >> how integral is it to google as a whole. it is not just a voice assistant, this is artificial intelligence. this is something -- it is a big part of the business. scott: it is exciting because the assistant is really a unifying kind of thing across a google. on one side, it is bringing together the deep investments in ai over the years and giving them a kind of single place to be shown. and on the other side, allowing users to have a simple conversation with google to tap into all the different services that we can provide. of course we have search, the answer is that we have. also things like google maps. , so i could see a photo of my daughter riding a horse. the services are already available through that voice interface.

emily: caroline hyde with scott huffman of google. to a stock, we are watching. fitbit is falling in aftermarket trading, the wearable devices manufacturer dropped by as much as 14% after reporting revenue in the crucial holiday quarter of $171 million. -- $571 million. it compared to the balance of $588 million. it is treating at a quarter of the ipo price amid increasing opposition from apple's high-end smart watch and other, cheaper rivals. coming up, we know silicon valley has a diversity problem. how do we fix it? we will talk to one company about their approach, coming up. this is bloomberg. ♪

emily: the last few weeks, we've been looking at gender bias and issues in silicon valley and what can be done to bridge that gap. but gender problems and diversity problems go well beyond the treatment or mistreatment of women. the numbers are even more appalling. look at how some of the biggest names in tech compare with the national averages that come to the breakdown in hiring minorities. they exceed the numbers when it comes to hiring asians but the numbers follow behind when it comes to hiring blacks and latinos. what can be done to change this? my next guest has an idea. treehouse the--

, online education platform has launched a new program to try to help companies create a more diverse engineering team. it is backed by some big names from silicon valley. ryan, first of all, what is it about talent path that is different from what anyone else is doing out there? ryan: talent path directly connects people of color and women to tech companies by going to organizations like the boys and girls club because they have the trust of those communities. that way they will enter the pipeline. emily: talk to me how it works, how you came up with this idea? >> i started this journey about a year ago and i realized we had trouble hiring people of color and women. i, as a white male ceo, couldn't figure it out.

i started talking to friends, people i trust, that were people of color and women and asked, what do we do? they said you have to partner with somebody we trust. so we went to the boys and girls club. they communicated that message that yes, there is a job for you. you can get it. companies need you and want to invest in you. and they successfully recruited people into the pipeline. and we put them into the online boot camp treehouse. it is a mine month -- it is a nine-month journey. at the end of that, they come out ready to be hired by tech companies. but they have be supported with mentorship and with a lot of support so that they are successful once they are inside that organization. as you know, it will be mostly white males in that organization and they need a lot of support to succeed. we create a talent path to put those pieces together to plug into companies. emily: i know amazon is one of your customers, nike is one of

your customers using your new talent path system. i'm curious, when you go to the boys and girls club, what you hear from some of these potential candidates? what do they tell you about why they either can't get a foot in the door or don't apply in the first place? ryan: there is no one that looks like them in the tech industry so they don't even know it's possible. one of our apprentices, her parents are mexichem. they've never made more than $45,000 ever. they are not in college or in tech, so she didn't know she could get a job in tech. no one told her that. the boys and girls club can communicate that message. and she is able to believe it because it is coming from someone she trusts. and that is so important. so she will get a job as an apprentice at envision which is one of the partnership companies and she will be able to recruit

her family, her friends. she's already recruited her sister. it is so exciting. emily: building a diverse engineering pool is a start, but a lot of people say we need more people of diversity in leadership positions. as you mentioned earlier, you are a white guy like most other people employed in this industry. it becomes this impossible catch 22. how do you respond to that? ryan: we have to start by opening the pathways so folks can get those jobs. we are doing that. they need to be mentored and supported, have someone to fight for them inside the company. we are training the company on how to be inclusive and supportive for those apprentices. and we are teaching the apprentices how to find someone who is their advocate in the company who will talk about that person in those meetings. if you're hiring for manager,

you need an advocate higher in the company to say, what about abby? i know she is high-quality. let's put her name on the list. we will specifically focus on that. and they will start mentoring people down below them as they advance up the program. it is a long-term solution, but it is a real solution. emily: treehouse ceo ryan carson, thank you for stopping by. ryan: thank you very much. emily: coming up, alibaba edging out other investors to be the sole owner of delivery startup aluma. we'll head man of to hong kong next. -- to hong kong next. this is bloomberg. ♪

emily: ebay is set to buy the

humorous commerce site -- e-commerce site q 10 and from the joint venture partner. the biggest market is in japan. the deal would bolster ebay's position for $1.2 billion in 2009. in china, alibaba is ramping up competition over food delivery. alibaba has agreed to by the shares of start up ele.me. they already had a stake in the company. ele.me was right up to $6 billion last year. inant to bring in lulu chen hong kong. what can you tell us? about buying that last delivery network. it would give alibaba access to

nearly 50% of the market. it benefits the new retail strategy. the company does have grocery store lines right now. they are promising to deliver groceries within 30 minutes of the three kilometer radius. and they also have their own business which operates a similar kind of neighborhood services. it would help them consolidate businesses. it would really streamline the resources. how does this impact other players in the market? >> it is really breakneck competition between alibaba and tencent. they are emerging to become this super behemoth. it is set to be valued around $30 billion already. that company already right now, they are occupying about 40% of the market share even though in the last quarter, alibaba has the upper hand. but they need to put in a great deal amount of money.

it is a cash burning business. right now, that position would really help them consolidate that business. it would help them in the competition. emily: how do you see the broader e-commerce market playing out? remember, baidu wanted to join. but right now, as you can see, it is just alibaba and tencent ultimately. they will be fading out of the space. they will be focusing on artificial intelligence and their search business which is just their core business. it is a cash burning business. now, alibaba and tencent has the long-term cash to play out this war. emily: in hong kong, talking about last mile delivery. thank you so much.

and that does it for this edition of bloomberg technology. a reminder we are live streaming on twitter. 5:00 us out on weekdays at p.m. in new york and 2:00 p.m. in san francisco. that is all for now. this is bloomberg. ♪ ♪

manus: good morning from the fab global financial markets in abu dhabi. these are your top stories. powell debut. extendacific markets global gains as investors await the fed chairman's first testimony in front of congress. the 100 page deal. the eu will challenge theresa may tomorrow when it publishes a paper. sticking to stimulus. mario draghi tells the european parliament that uncertainty remains and he's not ready to reduce support. later we bring you our interview