the block retaliated against his time to impose tariffs on steel and aluminum. he doubled down in a meeting with israeli prime minister, benjamin netanyahu. barriers thatrade they are than tariffs, far worse than tariffs, and if they want to do something we will tax their cars that they send them here, like water. >> protesters marched from the ultimate demanding congressional action to protect hundreds of thousands of young people from deportation. the daca program is set to and today. the meantime, president trump blends democrats for failing to pass legislation and says republicans are ready to make a deal. lawyers for bill cosby are trying to stop users from ualtifying as sex

assault trial. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. i am alisa parenti, this is bloomberg. ♪ ansys --am emily chang and this is "bloomberg technology". shareholderiggest meeting. and shareholders under pressure as popular as him precious opposition in italy, and the bank of amazon? the new move into the world of financing.

first, to our lead. the war of words heating up again as a new hurdle with the 117. billion dollars bid to take over rival chipmaker qualcomm. occam accuses a proposed deal of national security concerns, calling it a blatant and desperate move. qualcomm, which is based in singapore, could purchase the chipmaker, and brought him has delayed board meetings. back,ualcomm has fired accusing broadcom of deliberately seeking to mislead shareholders and the general public. i want to begin bloomberg intelligence porter matt larson, and also with us as brooke sutherland has been covering tech deals and industry.

matt, this shareholder meeting was supposed to happen today, it did not. on tax the nuts and bolts here -- unpack the nuts and bolts. is thehat happens -- theye -- the lawyers will typically take 30 days to review these issues and figure out if there is a threat to national security or infrastructure interests from a foreign company investing in a u.s. company or company that does business in the u.s. emily: is this something they wouldn't have looked into? do the accusations from broadcom hold water? matt: typically what will happen is when there is a foreign acquirer or interest, they will file it a document looking for approval.

that is typically after that you get is dry and they decide to do a deal. agree to enter a transaction, and here you are contractamesmanship tester up about an shareholders minds if they actually want to vote among the broadcom board members. emily: what are they concerned about? i think it is a valid concern and some lawmakers have raised concern if we can see copycats who look at the broadcom strategy, if they were to be successful, they got effective control of a u.s. company via a proxy fight. given the circumstances and tactics that.com has used in trying to push its takeover bid ahead, i think this -- one think that is interesting is brought concept qualcomm filed this

andet request in january, it is important to note that qualcomm didn't call up over the in to favor,ll this is an ongoing process. broadcom accuses clock him a begin gazed in negotiations -- and they say it is about different things than broadcom does. still does have the upper hand here, why -- broadcom still has the upper hand here, why? matt: they are in a huge dispute with apple -- around the world, it is a big, but comes as this model is broken and we should focus on the chip business at orimize patent controlling licensing dollars, and instead look at the value of chips and look to increase revenues in that business model.

it is looking attractive to qualcomm shareholders when you are being locked out of apple revenues and there is no end in sight to elect the and conflict legal battle. it is building on those shareholder concerns and fears is a good tactic for qualcomm to implement. emily: how long will the review take and if we get past that, what happens? brooke: this is unprecedented, --we have a 30 day delay this can drag on for longer, so we don't know. the question is, what does broadcom do? given shareholders are not on its side, it seems like they are inclined to wait this out. successful, and it does remove one hurdle for shareholders to get to the accepting part on this deal, and interior they are successful it could make the path that the shareholder vote easier. emily: what will the impact be

at the shareholder meeting if it happens as planned? matt: if it happens as flat, we will see, if it gets the stamp of approval, that is great news for broadcom. there could be mitigation agreements the could be concerned about international control to isolate portions of the business. they could have a plan but that is tougher to pitch to shareholders if you are starting to segment off portions of the business. if they give the stamp of approval, that is good news for broadcom, if not, qualcomm gains leverage to not vote and bought broadcom's favor. emily: broadcom once more seats, walk us through the particulars. brooke: bagram has said if they don't get the majority, they would walk away from this.

we will be interesting to see what happens if we get four of the six. proxy firm came only for broadcom's nominees so some shareholders may be following that guideline. you have ant, message sent by shareholders that they are not happy with the current qualcomm management team. whether they shift their focus to the pending acquisition or go down the road and this falls apart, could you see an activist come in and say, we need to rethink the structure of qualcomm and explore a breakup. a few years ago qualcomm management said no, but at this point i don't think they have the same like to stand on to resist an activist. will this have broader implications to other foreign companies or is this particular to the broadcom-qualcomm? ist: an interesting wrinkle

looking to restructure and incorporate in delaware and become a u.s. corporation, and there is a lot of consolidation and activity in semiconductors and tech generally, so if you are a foreign company you are looking at trends with how the courts are ruling. it is not a transparent area, and a lot of it is seen as club ger.dagger, -- cloak and dag there is additional information that the market will taken and shows were hurdles are and where the priorities of various administrations are. emily: we will keep watching. thank you both. another day, another legal battle for uber. ride-hailing giant is being sued for breaching state laws as uber failed to disclose the hack that affected 13,000 uber

drivers in pennsylvania and ober knows for years this breach impacted 57 million passengers worldwide. under the law, they can seek penalties of $13.5 million from uber. andng up, the votes are in italy is getting a new antiestablishment government and people are looking to blame social media for the outcome. n. also check us out on radio. this is bloomberg. ♪

emily: italy sf to usher in a new government following the general elections and the populist five-star movement in the far right party won big in in election and just like 2016 u.s. presidential election, people are questioning the role social media played in the outcome. we have this report from rome. >> popular is impressed fast with the italian election with 50% voting for the andestablishment anti-migrant party, it was so bad for the establishment democratic party that is currently in power that the former prime minister had to resign. there is furious gridlock in rome -- no coalition has been formed. and they are looking at the role social media played into votes. since the 2016 referendum

campaign, from back to life before this election -- the digital research firm in washington said a lead up to the vote that they were detecting an attempt to popularize the extreme parties, both right and left, via bots. right asay have been italy's most extreme party outperformed the establishment in great numbers. bloomberg news in rome. now to they deeper into the social media effect on the accounting elections, i want to bring in caroline hyde from london. is social media to blame? caroline: questions have to be asked. at the heart of this election has been the power of the internet, in 2009, the winning createdted in -- it was

out of a blog. we had quoted over the weekend, the other key beneficiary of this election, which is the lead, the right-wing party, and the leader of that party said we have to internet, thank god we have facebook. that is what he was quoted as saying, because they could get their message directly to the audience. concerns onlamed immigration and see popular is him storm to the front in europe. i think it is key, what annemarie highlighted -- whether it is across twitter or facebook, we are seeing in particular the number of italians using the internet to get the news has risen, secondly, the key here is the number of fake news stories has been on the rise and the fact they have exaggerated how well the right-wing parties were doing in the polls.

some of a head back to what used to be the popular party, they have come under misrepresentation of some of the photos and so-called fake news there. notably, there is evidence that russia is behind this misinformation. the state-controlled news agency, sputnik italian, is among the most influential for news organizations throughout the campaign. emily: how has italy tried to monitor social media activities and social networks? caroline: the government has been getting involved, some not too pleased with that. overall the italian government has been setting up a civil button you can press if you suck any news you thought would be fake, but notably, facebook, are wanted twitter to be there on regulators.

and death. as per minister who stepped down, he laid blame to this election to social media because he thought fake news have been behind his loss. front ofly stood up in the likes of facebook and the social networks in november, saying, social networks, especially facebook, need to help us have a clean alec world campaign. the quality of democracy in italy depends on the response from these issues. and we heard responses from the past at the beginning of this back onying to push fake news by getting the user base to rate the quality of the news they read, say whether they have seen media sources, whether they rely or trust media sources in their news flow. yet it doesn't seem self-regulation has been able to impact -- and it seems fake news that russia has been able to drive forward and stir up some

of this backlash to immigration and some of this hatred that has fueled the winning out of the right-wing parties in italy. emily: the government has asked tech companies for help, but tech companies haven't responded? caroline: as it stands, they haven't been able to respond. facebook has been trying to get the parties involved -- before the election, in the run-up we noted facebook launched a partnership, in particular with an independent organization and wanted to track fake news and images. and we know other third parties have been pitching in monetary some of the political adverts. in some places -- germany in particular, we remember that election in 2017, fake news wasn't such an issue and there was saw the main parties when

once ce again -- win out again. in italy, where you have migration, it is a key concern. when you have parties benefiting from false news, it looks as though the key companies that is facebook and twitter have more questions to answer. caroline hyde from london, thank you so much for that update. coming up, after diving deeper to health care, amazon is dipping toes into the world of finance. and if you like the bloomberg terminal, check out tv and watches online. can go to tv on your terminal to find it, and also find us on twitter. check out tictoc by bloomberg. the first 24 hour news networks streaming on twitter. this is bloomberg. ♪

emily: apple is getting ready to turn up the volume with new high-end headphones. apple is working on noise canceling headphones, and unlike its current wireless earbuds, these would be over your devices o rival the apple owned by eats by dre. but they may push back the release. are you ready to tech cash or checks with amazon? that could be a reality as the online retailer is talking to banks including j.p. morgan chase two great a checking account like product. amazon does feature some products like amazon pay and amazon cash, but will the --

what will this new for a mean for customers? want to bring in bloomberg tech how will this work for amazon? details, andht on basically, what we know is jpmorgan and capital one are interested in becoming the bank of amazon, of sorts, and are interested in providing products to amazon and it's very large customer base. emily: what kind of risk does that involve amazon taking on? >> in terms of risk, there isn't much risk -- there isn't too much risk. i think the question really is, why isn't amazon doing it? it comes with a ton of regulation in terms of the capital and all the regulatory requirements. banks like jpmorgan and capital

one do this everyday, so it is more bread and butter for them. emily: talk about the footprint they have here. jennifer: that is a good point, they offer a lot in terms of small business loans and have a credit card already with jpmorgan and security financial. one of the things they did last year is they offered a prepaid account where you load money into an account and amazon gives you a little bit of cash back called primary load. it is a state that they are making a deeper question into deposits, maybe it signals that prime reload took off. maybe it signals they found a lot of demand and feel like a bank like jpmorgan or capital one would be better equipped to meet those needs. this pathgone down already and you will be interesting to see where they take this. when amazon decided exploring the health insurance industry, health insurance

companies got worried. should banks be concerned about amazon moving to their turf? jennifer: that is a good question. we look at amazon and when they make a foray into an industry, maybe they worry because they show dominance in a think they have done, but for banks it seems like an opportunity. they are partly with the biggest banks in the industry, so it jpmorgane if you are or capital one, a good way to , andustomers and deposits it is cheaper than the traditional customer going to a bank branch and going to a teller. i think in terms of amazon's foray into deposits, it is good news for a bank. emily: how many customers do you think will be interesting in something like this? jennifer: it is hard to say it is low income or young customers who aren't bank yet, and it is said that there

are 10 million of those, so a lot of field to cover. emily: jennifer, thank you for filling us in. coming up, female investors look to shake up how the vc world operates. next. and bloomberg is streaming live on twitter. this is bloomberg. retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store

near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> you are watching bloomberg technology and here's a check of first world news. british prime minister theresa may says she is confident an agreement will be reached with

the eu about the u.k. brexit plan. the prime minister made the remarks to parliament today. >> where close to an agreement isthe implementation that possessed on both sides to prepare for a new relationship and i am confident we can resolve our remaining differences in the days ahead. >> italy's former premier is stepping down as democratic party secretary. as a consequence of this result i will leave the leadership of the democratic party. he said his party will not support the new government after the populist party dominated last week's election and the results were a stunning loss to democratic party which received 25% of the votes. the meantime, a long-term donald trump associate does not plan to operate to special counsel

robert mueller to appear before a grand jury. i amld bloomberg news that not paying the money to go down there and i am not going to spend 40 hours going over email and i have a life. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. parenti, this is bloomberg. it is after 5:30 p.m. time in washington and we are joined by david ingressive on the look at markets. i hope to see some carry through on the rally and wall street in asia. >> when things open up here, we see half a percent of gains in new zealand and the major -- and 30 and 90 minutes you look at futures come up right now i am looking at gains of maybe 2% when japan opens in 90 minutes time. australia opens up -- they are

expected to keep rates on hold at the moment. kobe steelws out of that the ceo might be stepping down following the falsified data scandal. the canadian dollar -- still roughly under defensive, and we have inflation numbers coming through out of the philippines and out of south korea. a busy trading day ahead, and where going to get the first day of gains. more from "bloomberg technology" next. ♪ emily: this is bloomberg technology and i am emily chang. three years ago, a group of female twitter employees formed a #to form their power to work

on tech investments and get more women involved in investing as well, and since then angels has with a few companies mouse ceo, and the former have beeno -- i trying for the us to get you on the show to talk about this, and it was three years ago this week that you founded angels. talk to me about the origins and where the group started and how it has evolved. myselfls was founded by and five other technology executives and we formed a close bond together over our experiences working at twitter together. one day, i think it was my birthday party, in fact, the six of us were having a discussion and decided we should be more active in the in's the and trying to help shape the future set of companies coming out of silicon valley ar.

we felt we should lean into this opportunity, and we have seen many of our male colleagues do. emily: angels has remained and you have helped massive women's networking events and dinners and engaging with the rest of the vc community as well. talk to me about the mechanics, you don't all have to agree or invest, right? jessica:llective so the six of e decisions and we collaborate to share knowledge and build a brand and build something bigger together. we have invested in over 50 companies, but our mission is to get more women on the tables of successful startups. in addition to investing, we host events and conversations to support women in the industry and am excited to talk about the cap table thesis.

emily: this is the payout of who will get what when a startup exits, and your point is there is a huge gender cap on the cap table. how big is that gap? records who owns companies according to shareholders and how many shares each owned. in silicon valley, there are four groups of people get major ownership in a company. andders, early employees, investors, and we know women are represented in all of this categories. even if a company has to to percent of women in the workforce, if they are not in key roles, it is likely that own much less of the company, and we think this is important because the wealth creation that occurs with the cap table in silicon valley is what funds many of the downstream institutions in our industry. if you want to start a vc firm

or you want to bootstrap a company, having the financial resources from it exit and being on the cap table is critical. if we don't have women and underrepresented minorities per dissipating in the wall stages of silicon valley, that is an issue that matters that we want to talk about and to get founders and venture cap the list firms measuring and policy and. . emily: what you are saying the y are more misrepresented. companies to make changes to the cap table, and one of those things were asking for is founders to prioritize diversity of will to take money from. founders might say that women investors don't have a track record yet or that is the that an lp says when i'm not focusing on a female

focused fund. a lot of opportunities come from relationship networks were caught investors or a simple phone call from someone wes access -- so we think it is important to diversify those relationship networks and bring women and underrepresented offsites andto the scioscia meetings and the seat of this committee that brings access to opportunities to court invest, and the employees of these companies. emily: you left twitter to work at google ventures, and we know women are underrepresented in vc's. you went back to twitter, and jack dorsey personally asked you to return, what is it that you saw in the world of vc that made you realize this is a problem? theica: i love investing, first job i had out of college was a venture capital firm.

they angel invested in the last three years, and i think there are a lot of systemic reasons and otherand black racial groups are underrepresented in our industry. will we tried to do as angels is to have more role models that are common in the industry and we are hoping to help women take on these key roles so there could be more wealth creation in the industry to ultimately promote more diversity. emily: i have to ask you about twitter -- twitter had what may be one of the first tv commercials during the oscars last night. account sentter out this tweet saying we stand with women around the world to bring them front and center today and every day. here we are. and jack dorsey said we are recommitting twitter to increase the collective health of conversation.

this is a company that has struggled with how the conversation in many ways and has been a tool for women's voices to be heard, but also for them to be silenced. do you think twitter can become a nicer place? jessica: i do, and they say that because i know how committed that leadership team is and i'm excited to see jack's tweet which is transparent and candid and are asking for partners to help them solve these problems. emily: what is something you learned at twitter that you are integrated in your investment decisions? jessica: twitter was such an incredibly interesting and complex company. i think culture and how you build an early team of a company has a lot of influence. we work with founders in the early stages of hoping a team to bring in diverse networks of employees and co-investors. emily: jessica verrilli, founding partner of #angels.

thank you for what you are doing. bloomberg lpthat producers, a network called to tictoc. ofernment is committed collecting and massive tax payment from apple -- and the ruling that the tech giant has to pay billions in texas to ireland, regulators demand that ireland hold the money in escrow until the process is complete. speaking to bloomberg television , take a listen. the am putting in place right kind of procedures and processes to collect this money and put it into an escrow account. we disagree profoundly with the assessment that the european commission has made in relation to our tax policy. weare contesting in court -- will be meeting the requirements that we have other european union laws. emily: coming up, beijing is

encouraging tech firms to bring home. this is bloomberg. ♪

's calling on the chinese government to introduce an id system that will link travel documents with a mobile phone as part of a plan to boost regional trade between hong kong and the mainland. nationalina's annual people's congress explained his legislative proposal. >> border controls and different taxation regimes are the biggest

obstacles of the greater bay area project and the free movement of high skilled workers has yet to happen because hong kong is concerned about the inflow of labor. as just of the idea of an id system linking hong kong and mainland china to allow people to cross the border and make electronic payments easier. emily: and the risk around blockchain and the cryptocurrency market, i can listen. a innovative is technology but we must be careful of using it because technology is good, but usage is important and i ceos for digital currencies means a lot. i'm not saying that technology is a mature, but there could be huge issues for regulators. even though cryptocurrencies are popular, we haven't participated in an ico. emily: in the meantime, some of the biggest tech firms in china are being warned about the exchanges through a dual listing in this coincides with an effort

by neighboring hong kong to we work regulations. joining us live from tokyo -- peter, i will start with you, what exactly is the motivation here, how much partners are they making? peter: the backdrop is interesting. nationalthe annual gathering of thousands of delegates across the country, and you see business leaders come and expressed their support for the administration. they were typically traditional businesses in real estate and state owned enterprises, and ec technology companies become some of the most valuable in the world. is spurs like robin lee talking about listing shares and mainland china along with some aboutcompanies talking listing shares and mainland china in addition to listings

overseas. burnishing of existing parties reputations if they are able to learn the stars home and it helps tech companies is valuations and china tend to be high. emily: talk more about the pros and cons of the structure. >> the chinese stock market doesn't have the best reputation, they are known for volatility and spontaneous government intervention. as peter mentioned, this would be a good move on the chinese government park to boost and attract these listings and would be great for domestic retail -- but they haven't been able to participate in some of the creation inlth china's history. given the chance to participate and boost evaluation of these companies and the retail investors, they are excited to get in on this it becomes possible. emily: peter, some folks will be

pleased about this. who are they? there is competition for these listings, and right now hong kong is meeting to draw attention, and they have not allowed to will clash shares you have seen in u.s. companies, including foreign companies listed in the u.s.. they are competing for this business, but you can't have dual listings in hong kong and mainland china or the u.s. and mainland china. emily: selena, there are big tech companies in the pipeline, tencent, how do it expect those companies to proceed? the changing regulations in hong kong and mainland china are going to play a big role. they are considering a dual listing in hong kong as well as china, and tencent music and entertainment, we heard is considering a dual listing.

already listed in hong kong, and the stock exchanges are going to do everything they can to attract these companies and gain -- become global leaders. hong kong has fallen behind in terms of attracting companies and they want to get ahead of the game again. emily: peter, any thoughts or inkling about potential listings that could play out this year? interesting, the big prize -- we have reported that they are leaning towards hong kong as a primary listing, and if they do list in mainland china, they will cap into that consumer demand that gives customers an opportunity to buy into the shares and i could help their valuation quite a bit. it will be interesting to see how that one place in particular. peter and selena, thank you.

from netflix to amazon, how did the streaming giants fare? this is bloomberg. ♪

ceo is off to a good start and has seen his wealth rise 47% this year to a record $4.1 billion as of friday, earning a spot at the bloomberg billionaires index of the five richest people for the first time. netflix is trading at an all-time high, and netflix hollywood's win on biggest night cometh assuming giants winning an academy award for best documentary for its "icarus."

here more is a new show live from l.a., initiative, that anousha.s -- the academy was expecting viewership of 30 million, and it was something around 26 million and the lowest since nielsen started recording ratings in 1974, so it is a blow and this fall within the trend with award shows, with viewership steadily declining. the gravity of this fall might be worrying to abc, which broadcasts the show and is committed for a nether several years. good, and all in all, it was a political show and a lot of too, andy about me

racial inequality. and a rap about the nra being ungodly, and it was a platform for protest. and viewers did not like that. emily: it was a political evening and frances mcdormand's speech stands out to me where he had the female nominees stand at and spoke to anyone -- everyone in the audience, and she said two words at the end, inclusion rider. what does that mean? anousha: it was one of the high points in the evening, and there was hardly any women standing, so it is you an idea of how few there are in the conversation of women nominated and how much work although it has to do to increase gender balance. she ended with those two words, and everyone on twitter was

wondering what is that? solution that is being bandied around hollywood, it really hasn't come up until last night, gains traction. actorsa that big, a-list and people in power in hollywood to dictate and contract terms to say as part of my contract, in agreeing to do this, one of the requirements is there is equity the casting of the film and the crew. inclusion ant efforts made towards hiring a diverse, both in gender and race. a diverse crew and cast, and the question is how do you define that? company'sing to be a best efforts to ensure that

hiring? i am told the push doesn't have a quota but to have a change in hollywood, and it seems that is gaining traction and you are having actors like brie larson come out and say she is going to be committed to have that in her contract. that is something the most powerful women in hollywood can do. question, the last the new head of espn, quick thoughts? a huge: it has been topic of gossip of who is lord to take over this role, and he has a big job in his hands to turn around espn. in a subscriber decline, and president trump's tweet, a lot of the time, has been a platform for political protest with the annealing of players. he could see a consumer products division that has a troubled patch, but he says he is a big watcher of the network and he

has got to take that on, and streaming service that disney wants to launch that is going to be important to them. a five dollar a month streaming service. the heart of the entertainment industry, thank you so much for joining us. that does it for bloomberg technology. check us out on twitter. that is all for now. this is bloomberg. ♪

yvonne: welcome to "daybreak asia", the president fires a nafta warning unless the u.s. wins a deal he wants. betty: and i am betty lou where york onst 6:00 a new this monday, and investors think the tough talk is not or to translate into concrete action, and controlling china, critics