alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." here is a check of your "first word news." new developments in the tariffs proposed by the trump administration. the white house says mexico, canada, and other countries may be exempt from the proposed tariff under national security carveouts. the exemptions would be on a case-by-case and country by country basis. informed lawmakers in sacramento -- informed law enforcement managers in sacramento that the doj suit california because state laws are preventing federal immigration agents from doing their jobs. he spoke as protests went on outside california governor jerry brown -- as protests went on outside. california governor jerry brown accused trump of trying to

divide the country. betsy devos went to stoneman douglas high school, where 17 were killed. she's said arming some teachers should be an option, but not a requirement. a nor'easter is tearing across the east coast for the second time in less than a week. it has grounded nearly 3000 flights and could cut power to millions, who just had their service restored after the earlier storm. more than a foot of snow is expected in some parts of the northeast. 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. ♪

emily: i'm emily chang, and this is "bloomberg technology." tech loses an ally after gary cohn exits the white house. what the loss means. the looming trade war with china. bitcoin whiplash. virtual currency dives again. we will have a cryptocurrency update live from london. blackberry may have given up on smart phones, but not the technology that forged its reputation. we will weigh in on the messaging war about to go down with facebook. first, to our lede, markets around the globe already rattled by signs of rising inflation had a dramatic reaction to a trade war looming. here to tell us how things shook out in the markets, we are joined by abigail doolittle in new york.

abigail, walk us through the day. abigail: it was a very exciting day. it takes us to about this time yesterday, considering the resignation of gary cohn came around this time. s&p futures dived down. on the open today, big losses. the dow was down more than 1%. we came off the lows a little bit, but then back down. the dow down, at the lowest, down 1.4%. at no time did the nasdaq lag quite as much. midmorning, the nasdaq climbed higher. at the close, the nasdaq up 0.3%. another day of intraday volatility. we've been seeing these the last couple of days. it speaks to investor insecurity. the dow and s&p are down more than the nasdaq because some of the industrials are being hit on the possibility of the higher tariffs. we have strength for some of the classic tech names, such as facebook, microsoft, alphabet.

also, autodesk had his bed -- had its best day of the year, putting up a stronger-than-expected quarter. they had a very good recurring revenue guide. relative who other tech names -- to other tech names, investors flocking toward big tech names. high quality being bid up today. even though there was a sense of risk off early on, investors were looking to buy, so to speak. emily: it was almost exactly 24 hours ago that gary cohn resigned. we broke the news on "bloomberg tech this is the third day of volatility in a row. with so many whipsaws, how can investors gauge risk? jennifer: while the major averages were down sharply, if you went across asset classes, it wasn't being confirmed. bonds were rallying. the vix index up not so much.

the yen was about flat also. if the risk off cents were to be confirmed across asset classes, we would've seen a bond rally. we didn't see any of that. some of the smart early money -- they were not seeking that haven play which in turn suggests they were looking to buy the dip. the news whiplashes are not perhaps as dangerous, so to speak, as something beneath the market, market internal. it will be interesting to see how the recent volatility consolidation and congestion plays out. right now, lots of volatility. stay tuned. emily: abigail doolittle, our stocks reporter in new york, thanks for breaking it all down. with gary cohn departing the white house, the thought of president trump imposing his trade tariffs is sending chills throughout the tech community.

amazon and apple could feel the pinch, especially considering the products they manufacture are manufactured in china. apple may have the most to lose with most iphones, ipads, and more being made there. here to tell us more about what the looming trade war could mean, tom giles and max abelson. max, i want to start with you. the u.s. could impose these tariffs on a broad range of products, everything from shoes to clothes to iphones. his wall street panicking? -- is wall street panicking? max: no one knows what is going on with this white house. you don't see the stock market losing 10%, but people are upset. gerry cohen was the president of goldman sachs.

he left being the number two guy . he left being the number two at goldman sachs to be in the white house. they saw him as someone who could push to cut corporate taxes. now gary cohn is gone. that is destabilizing. i talked to wall street executives who said this freaks me out. someone compared it to losing a security blanket. emily: let's look at apple as an example. it is still unclear if apple would be hit. would it affect companies like foxconn? what does this really mean, as far as we know for apple, it's products, -- its products, its supply chain? tom: they have to be caught in the middle of this, given the fact that they are the world's largest, most valuable company. they are importing products from china.

a lot of their supply chain is in china. apple is not going to get off scot-free here. it would be affected. at a company that generates so many tens of billions of dollars per year, we've heard people talk about this as something more of a rounding error. we are talking about tens of millions of dollars. not, at the end of the day, a big factor. it all depends on how much of a levy is going to be imposed on steel, aluminum, finished goods. trade war's are not good for big multinational companies like apple and, to some degree, amazon. although amazon and some of these other tech companies, the fang's that people like to talk about, are less affected because they are so service-based. microsoft, a software provider. facebook, social media, delivered over the internet. amazon, the lion's share of what it does is not consumer electronics, although the echo is getting bigger and bigger.

emily: we know president trump took aim at apple on the campaign trail. tim cook has since met with president trump at the white house a couple of times. who knows where that relationship stands. max, is there a silver lining here? max: there might be a silver lining for wall street considering that steven mnuchin is the treasury secretary. back i worked for goldman sachs, just like gary -- that guy worked for goldman sachs, just like gary cohn. considering that, directionally, no one knows what's happening, if donald trump decides that he needs someone to beat up on, i have been hearing strains where it might not be wall street. what if it's big tech? the guy who made a movie about clinton cash -- his next documentary, which will debut at cannes, not during the real film festival, is about tech companies. they can smell the sense that trump may be the new wall street, the new punching bag,

instead of being goldman sachs and jpmorgan, it could be amazon and apple. emily: marty was on the show yesterday during the breaking news. he talked about how he thinks the relationship between silicon valley and the white house has taken a pause, because we just don't know. what's the vibe from the tech community so far about these tariffs in particular? >> what you have to think about with silicon valley is, to the extent that we are going to look at foreign nations as kind of the enemy, that's going to have a big impact. i think the biggest way that i want to talk about is, when you look at the big deal, the biggest deal in tech, which we broke here at bloomberg, broadcom trying to buy qualcomm -- this is a transaction that is hitting a buzz saw in the committee for foreign investment in the u.s.

to the extent that this transaction would undermine our competitiveness as a country, vis a vis countries like china, cfius doesn't want to see it happen. we wrote about the letter they published earlier this week that says we don't want to see this transaction go through. on one hand, that sounds friendly to tech companies. if you are broadcom, you don't want to see a big deal like this, a big game changing deal, get blocked. how much are big tech companies going to get caught in this larger narrative of u.s. competitiveness and u.s. competitiveness with countries like china? emily: what does it mean for companies like xiaomi, who have been trying to crack the u.s. market? >> it's not going to get easier. if you are trying to sell phones, tablets, laptops, it's not going to get any easier for you to get a toehold into the u.s. under a regime like this.

emily: max, you talked to a lot of people about what gary cohn might do next. any inkling about what he will do next and who will fill his role? max: it's like trying to figure out the white house. gary cohn spent 25 years at goldman sachs, then went straight to the white house. the truth of the matter is, the way the world is going, it's not that insane to think he could go back to goldman sachs, especially because dean of how -- because dina powell just announced she is returning. i think there is some expectation from people around him that he could have a main street job. observed the enough, someone -- absurdly enough, someone said he could work for spacex. someone said gary cohn should just spend six months on the

beach in the bahamas. of all the options, that one seems the most realistic. emily: i love that idea for him. what about who would fill his job? how important is that that date -- that that it is another banker? max: if you were pressed and someone said, what does donald trump stand for, i'm sure you would say populism, the stephen bannon -- stephen bannon idea. it's so remarkable to think he is a billionaire who has surrounded himself with billionaires. bloomberg news has done a really good job of explaining how his cabinet is the richest cabinet in the history of america. on the one hand, i feel like it would be crazy to guess that he is going to pick anybody but another tycoon. somebody like wilbur ross or steven mnuchin. i can almost imagine him moving someone who is already there to

take gary's job. people i talked to said it is hard to imagine people leaving firm wall street -- from wall street to go to the white house, considering how chaotic things are there. it doesn't seem like the place you go and stay for a while. emily: absolutely. max abelson and tom giles, thank you both so much for joining us. we will be watching to see how the revolving door revolves. meantime, amazon is offering a discount on its prime membership to the millions of medicaid recipients in the united states. the move is another step to lower income shoppers and keeping pressure on walmart. customers on medicaid can get amazon prime for $5.99 per month, about half the usual cost. coming up, bitcoin plunges after the sec says crypto platforms must be registered. and if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪

emily: a story we continue to watch. twitter is trying to stop alleged cryptocurrency scams on its platform. it is taking steps to prevent these kind of accounts from engaging with others in a deceptive manner. facebook briefly banned ads tied to cryptocurrency. bitcoin sank after the sec said platforms need to register as exchanges. this raises concerns that tighter regulations could limit trading. bitcoin has dropped dramatically since its december high.

joining us to discover more, caroline hyde, live with us from london. a lot happening today, in particular, walk us through the main thing that you see driving the price down. caroline: there seem to be a couple points of contention here today. one is regulation. the other is potential hacks. i'm going to get into the bloomberg terminal. we are back below the 50 day moving average. we could go lower. key to this is the sec continuing to cast its beady eyes on crypto assets. they aren't like bitcoin. they think some of these hundreds of thousands of new tokens coming to the fore are, in fact, securities and should be regulated as such. if you are an online platform that helps with the buying and selling of these, then you need

to be regulated as well. we know that some of the big players, big platforms, so-called exchanges, are regulated to a certain extent. they are regulated by the money transaction licenses that they have in many different states. you've got the likes of gemini, which calls itself a trust, regulated by the new york state department of financial services. there are some other exchanges trying to be regulated. they want to be sec approved. they think some of these new tokens will eventually be bas -- cast as securities. they want to lower in the bigger -- to lure in the bigger money. that's one of the reasons we saw the bitcoin selloff. the other is, rather ironically, about an exchange. the rumors were swirling that

this asian-based exchange, which potentially hacked itself, money being pulled out of wallets -- we understand that they have said, look, the funds are safe. that pushed down the price point. another overall look at how the money is swirling into bitcoin -- you'll see the pressure continues to mount on the institutional side of things becaues bearish -- because bearish bets are out there. we are double the amount of short contracts than long contracts. emily: talk about cryptocurrency manipulation that platforms like twitter are trying to avoid. caroline: exactly what you are the fact that twitter, like other social platforms, is finding itself being manipulated, being the place that phishing scams are occurring. you know what a phishing scam is.

you might get a weird text or email that you click on a link that you shouldn't do. this is rife within the crypto world. how? on twitter, in particular, you are seeing verified accounts, those with the blue ticks that you and i are lucky enough to have on our twitter accounts. they are managing to hack verified accounts, rename them, make them look identical to other actually legitimate crypto projects, then start sending out the too good to be true offers, luring people in to send their ether, their bitcoin to them, then they vanish. jack dorsey, just the other day, said they were fixing it. he said yesterday, "i'm on it." they say they are on it. they sent out a statement saying they know there is manipulation. they are going to try to prevent these accounts from engaging with others in a deceptive manner. but we also know that these

fixes don't always work. facebook has clamped down on ads. can twitter get these verified accounts reputable again? emily: talk about what's happening at facebook. mark zuckerberg was initially in favor of cryptocurrency, then they banned these ads. some ads are still making their way onto the platform. what kind of strange activity is facebook worried about? caroline: exactly the same, phishing and false advertising for cryptocurrencies that aren't actually cryptocurrencies. this is why what we are talking about is so circular. this is why the sec and regulators are weighing in. when you have an exciting area such as this, you're going to get misbehavior. we are going to get the excitement of those wanting to get into the latest crypto platform, the latest crypto asset.

they will click on a link they shouldn't, then they will be taken advantage of. facebook and twitter are finding themselves attacked by phishing and seeing regulators wanting to get these securities deemed securities and start to regulate the exchanges as well. emily: bloomberg's caroline hyde, live from london, thanks for breaking it all down. coming up, broadcom is working to salvage its massive deal to buy qualcomm. what is the company doing in response to concerns the tie-up could hurt innovation and threaten national security? this is bloomberg. ♪

emily: broadcom is responding to government concerns about its proposed takeover of qualcomm. the company plans to create a $1.5 billion fund to secure america's lead in future wireless technology. the computing -- committee of foreign investment in the u.s. says it could hurt

competitiveness and threaten national security. a long time netflix bowl cut his rating to buy from buy to hold. he says he remains attracted to netflix's business in the long term and expects the company to beat forecasts for subscriber gains this year. netflix stock is up 60% since the beginning of 2018. amazon is aware of its bug in its alexa feature and working on a fix. the problem, some users say they have heard strange laughing noises at random from echo home speakers. the company didn't say when it would be fixed, but amazon can push updates to the voice service automatically. coming up, it was a phone with a keyboard that defined the smart phone messaging era in its

infancy, but now the blackberry is largely an afterthought and the company is taking to court to bring in revenue. that's next. this is bloomberg. ♪

you are watching bloomberg. i'm doug lamalfa the president is said to be ready to sign a steel and aluminum tariffs. treasury secretary steven mnuchin told bloomberg he recognizes the risk of retaliation but still believes tariffs will benefit american workers. the european union has rejected the u.k. bid to back up parts of the single market, particularly in banking. chancellor philip hammond has tried to make the case that it is in the interest of both sides to maintain the city of london as a financial

hub and that any trade deal that excludes services would not be fair. britain and saudi arabia has a -- have agreed on $90 billion of trade and investment. crowdrget comes as the deck -- crown prince began his three-day visit. various letters of understanding will be signed during this trip. officials are not expecting a decision on who will host the international part of the aramco ipo. juliette: in singapore, checking markets, we see a broad recovery. the original benchmark index has broken through yesterday's losses. the trade war fears have started to dissipate somewhat. we see strong moves in the hong kong market as well as the lunch break, up by 4%. volatility remaining in the hong

kong and mainland chinese markets in a topsy-turvy week for investors. we also had japanese fourth-quarter gdp coming in stronger than expected. weakness coming through in that japanese yen. the overall u.s. dollar is starting to stabilize. the yen fairly steady with a 106 handle. 2% and aluminum down by 1%. corporate news as well with stocks in the region. elsewhere, unc in taipei announced a stock buyback plan and an increase in its dividend payment. but to the downside, we have seen weakness coming through in a lot of the current construction players today, hitachi in particular come off by 3%, this after chinese industry sought a drop in

demand. materials stocks underperform. up .7% regional index is across asian markets. ♪ emily: this is "bloomberg technology." i'm emily chang. if you own a smartphone for work in the mid-2000's, chances are you had one of these, crackberry. it was the king of mobile messaging devices. the blackberry was ubiquitous, but then came the wave of iphones, samsung galaxy, and messaging platforms like whatsapp. with their arrival, blackberry sales plummeted. in an effort to stop the bleeding, blackberry is suing facebook, saying that it basically invented modern messaging, claiming that facebook is ripping off its inventions, like notification icons and more. here to delve deeper into the suit, bloomberg's matt larson.

also with us, sarah frier, who covers facebook. sarah, what led up to this? sarah: blackberry, as a company, has been focusing on trying to get revenue from i.t. -- ip, as opposed to its messaging business, which has declined, its handset business, which has declined. patent revenue is on the up and up. maybe they have a chance with facebook, which certainly has money. emily: do they have a case? matt: they do. lack very has over 40,000 -- blackberry has over 40,000 patents. we are looking at pre-smartphone era ip. some of this is foundational. the question is what is the incremental value of that 15 years later. they are likely seeking pretty high royalties. the question is how much is this actually worth to a company like facebook that continues to innovate and put out new products with direct messaging

services. emily: why now? this has been going on for years. matt: as sarah mentioned, blackberry's business model has changed. they have gotten out of handsets. they are looking more at brand licensing, software licensing, ip licensing. they have this huge portfolio of patents. they have just settled a big case with another company. they settled a dispute with a handset maker. facebook represents this other industry segment that they are looking to to reach in and try to extract value from i.t. -- ip. emily: could this materially hurt facebook? sarah: facebook has looked at this lawsuit and basically said this is a desperate attempt by blackberry wring some money out of these inventions they haven't been able to turn into what we've been able to turn them into. so, they don't think they own them any money -- owe them any money. facebook, in the past, when it has been accused of copycatting,

like with snapchat, we've seen it many times -- they have said, listen, in the world of software, as a technology industry, we settle on the right way to do things. google was not the first search engine. facebook was not the first social network. matt, question for you -- when you look at that kind of copycatting, what facebook has done, snap, and the arguments they are making their, what is the difference between that and the kind of intellectual property stuff they are arguing about here? matt: when you see the copycatting these days, when somebody sees the new products come out and everybody rushes to build their own version of it, you are using techniques and knowledge that is widespread in the industry. room and have them come up with a messaging app. blackberry's point is, we would live in this world if, 15 years ago, we had and start developing -- had not started developing the baseline for these sorts of

applications. silicon valley, software, tech tend to be less pro-patent than some of the hardware and hardware services companies. you are seeing a fundamental disagreement as to where the values in these types of properties lie and what the best way to innovate is. emily: how much money potentially are we talking about here? how profitable have the prior settlements been? how much could they shake out of facebook? their patent licensing revenues have grown threefold. this is a product -- the way blackberry filed the suit is they are looking to get into the ad revenue, that is supported in part by these messaging profits. so, an appropriate settlement might be in the tens of millions per quarter. that would be very high-end. emily: for how long? forever? matt: patent licensing revenues

are typically calculated from a two-year to five-year period. emily: what is the actual timeline here? when do we see the next move? sarah: what we've seen with lawsuits in the past, sometimes they fight it to the death, sometimes they settle. in the case of the lawsuit -- the shareholder lawsuit against facebook last year for zuckerberg's voting rights, they settled at the very last minute, just days before zuckerberg was set to testify. so, we could see them fight. we could also see them come to some sort of agreement behind the scenes. you really never know. blackberry and facebook are certainly talking now. maybe facebook was ignoring them in the past about their questions about whether they could get paid. now they are certainly paying attention, so things move faster

. emily: thank you very much. i know you will keep us posted. we are still waiting to hear whether mark zuckerberg's plan to revamp facebook's algorithm has led to more, quote, "meaningful conversation." the change was meant to lead to less time spent on facebook and ad impressions on the site are decreasing from previous years. the cost of 1000 ad impressions were up by 122% and 77% for the first few months of the year. we kick off our coverage of international women's day. how jack dorsey's square is leading the charge with a more diverse team. that's next. this is bloomberg. ♪

emily: silicon valley takes pride in its progressive views on things like climate change, same-sex marriage, and other cultural issues, but when it comes to diversity progress in tech has been slow. this month, we are focusing on bright spots for women across the industry with the kickoff of women's history month. on march 8, we celebrate international women's day. we embrace women across history across the globe and in silicon valley. i spoke with square capital lead and square's small business education lead to talk about their journey to jack dorsey's payment company. take a listen. >> i started at goldman sachs. i learned three things i have taken with me for my entire life -- teamwork, professionalism, and mentorship.

those are issues that have come with me on the journey of building a company, helping to make your peers and colleagues successful, and they have had an impact in the way i think about growing my own career. mentorship, for example -- i had four mentors at goldman sachs who have stayed with me throughout my entire career, even for square, where one of them was called on as a reference by one of our directors. it's wonderful to be able to draw on people who make such an impact on your career as mentors, as friends, and as people who push you to be better than you think you can be. emily: square has an incredible bench of female executives with real power. you are also one of them, small business education lead. your story is also fascinating, in that you cofounded a sushi restaurant before you joined square. how does a sushi restaurant tour -- restauranteur start running small businesses at square? >> i have a background in small

business with a blended retail model. i learned about how much small business meant to communities. having a safe place, a place where people can come, a place where people can convene, what an asset it was for neighborhoods. that spurred me and my husband to open our own restaurant, to create that hub. it was part of what attracted me to square as a seller. i knew i could contribute and be part of things they are. emily: what does a small business education lead do? >> i collaborate with folks like the small business administration u.s. chamber, and work with small business owners all across america. emily: you run square capital, and you are also chief people officer. in an industry that is starved of women, what are you doing at square to build diverse teams and create an inclusive environment? >> the most important thing we started with is inclusion. how do people feel once they are

at square, and can we create an environment that makes people feel comfortable and also helps them thrive? so we focus a lot on making sure that we are helping the careers of women and underrepresented minorities, either by pushing them into roles that we think help elevate their career, making sure that we have some mentorship for folks that need it, making sure we have teams that pull together groups of underrepresented folks so that they could build a community and community groups among some self -- amongst themselves. we have spent the last year increasing the number of communities we have, as well as elevating their profile within square. we've tried to make it a wonderful place to work. emily: what do you think it is about square or about jack dorsey that has enabled so many women leaders, at least, to thrive there? >> part of what attracted me to square was the number of women leaders there were. when i came in as a small

business owner just to chat about the product and how it worked in my own life, i felt that i had a home there. just seeing that modeling, feeling that there are groups i can participate in health foster -- helps foster more women to feel included. emily: is diversity something you're trying to educate sellers and small businesses about? >> hiring and hiring from your community is essential, so including that in the conversation, absolutely. also thinking about other places where there are skilled workers. that's an issue that comes up often. helping people identify where that exists. emily: give us an update on square capital. you have been testing consumer loans. any update on when you will be offering loans? jackie: we have now achieved over $2.5 billion of loans facilitated by square capital, so we are super proud of that. we do have a consumer product, which is our installments product. it shows on invoices.

you could see us evolve that product over time, both across geographies -- because we are not in 50 states today. but also across the breadth of other products square offers. emily: square became a bitcoin play, after you said you would focus on accepting bitcoin. do you think cryptocurrency will become a big part of the business? jackie: square cash has evolved over the past few years to be an incredibly successful and separate vector of growth for square. it is targeted towards consumer, starting with the network effect. the first peer-to-peer product. it has evolved since then to add a debit card, a virtual card, atm access, and now cryptocurrency. i think where we see demand for people who want to buy and sell cryptocurrency -- and it enables them to access the financial market they otherwise wouldn't have access to -- we see it as a huge opportunity,

but i think it will involve as -- evolve as the overall cryptocurrency market evolves through america. emily: square's small business education lead there. we have an incredible lineup of guests for international women's day. catch our conversation with ellen pao, alphabet's ceo of google cloud, diane greene, and so much more. we will hear from the cofounders of eventbrite on changing tech culture and how they are growing the business. this is bloomberg. ♪

emily: augmented reality startup magic leap announced it has raised over $461 million from the kingdom of saudi arabia'sovereign investment arms -- saudi arabia's sovereign investment arm. magic leap has raised more than $2.3 billion in funding to date without having yet released a product. in this week's addition of bloomberg studio 1.0, julia hartz and kevin hartz, cofounders of eventbrite and husband and wife. we began our conversation with how julia tackled the role of ceo as the business continues to rack up billions of dollars in ticket sales. julia: i put my head down and focused on what we needed to do as a business. this has been a tremendous growth period for eventbrite. i had to get to work. and so, i sort of let all of that fall away, and i just focused on building the right team for the future, on executing, on really making sure that the culture, which is

global -- we have events all over the world. these big moments of transition can be unnerving. it can create uncertainty, even if there is nothing wrong. so, i needed them to know that i was aware of that and that we were all in this together. and then, as you take the helm -- when i felt the difference of being ceo, that made me really respect some of the founder ceo's that i know and the women that i have watched grow their companies. it is sort of like when you have your first baby and you go back to work and you have immense respect for the women who have children and work. i felt the same way about taking the reins as ceo. emily: the company, eventbrite, is pretty solid when it comes to gender diversity. i'm curious to hear from both of you how you did that.

julia: we are actually still almost 50/50, despite -- we have acquired some companies that have different gender ratios. we have always been focused on trying to build a company that looks like our community, and our community of creators is global. diversity has to be embedded in what we do. so, me being a female ceo certainly provides a great embedded role model at eventbrite, but inclusion is entirely a choice. you can have great diversity and really not great inclusion. kevin: i think that, just as a company needs a competitive advantage, whether it's a technology advantage or a network-based business, there is a recruiting advantage that needs to be built, and all the great companies have come up with very specific recruiting advantages, whether it's

microsoft recruiting from young students out of college in the 1980's. we saw this unfortunate bro culture here in this very competitive san francisco environment, and we saw all this talent available. so, for us, hiring moms and looking broader than people that look just like ourselves was a competitive advantage. emily: how did you do that? kevin: there is a stereotype of the 20 something male engineer. you have these incredible talented women in the bay area that have maybe had children and they maybe unconsciously get written off. we saw that as our image. julia: maternity leave is a great time to recruit someone, by the way. you have this great moment of reflection, and there is a varying degree of which companies decide to support people who are going through such an important milestone and

don't get me started -- this is a great subject for me to pontificate on. it's very curious to me that, especially in the u.s. corporate culture, we basically penalize people for procreating. which -- emily: pregnancy is a disability. julia: despite anybody's broad religious beliefs, i'm pretty sure we are supposed to be procreating on some level as humans. that, i think, is curious. this is not only a moment where somebody is going for a major -- through a major life transition, and this is for men and women, but they are also fearful of what their life is going to look like. are their careers going to go off track? are their peers going to think about them differently? are they not going to be able to juggle, or as i like to say put the jigsaw puzzle together? there's always a piece missing

under the couch, of life, balancing kids and career. so, all of our policies around that are great. but it's really about how we treat each other. it's about how we show up for each other. part of that, i think, is identifying that really talented candidate, especially in a competitive market, maybe reflecting on what their experience is at their own company during that leave period. emily: some of my conversation with julia and kevin hartz, cofounders of eventbrite. catch our full conversation with them tonight on "bloomberg studio 1.0." that does it for this edition of "bloomberg technology." we are livestreaming on twitter. check us out with days -- weekdays. that's all for now. this is bloomberg. ♪ retail.

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announcer: this program is a paid presentation for omega xl and is brought to you by great healthworks. ♪ larry: welcome. i am larry king. and i'm here to report on a significant health-related investigation that has been taking place for the past couple of years. the information i will provide you during the course of this show is relevant to everyone'