♪ emily: i'm emily chang. this is "the best of bloomberg technology" where we bring you the top interviews from this week in tech. coming up, tech loose ally after gary cohn exits the white house. plus, the amazon agenda. our deep dive into the ever expanding footprint of america's e-commerce king. not just a company, but

industries potentially in its crosshairs. and our extended interview with diane greene, just one of the top female leaders of tech we bring you ahead. amazon and apple could feel the impact, especially considering products they manufactured in china. apple could have the most to lose. we discussed what a looming trade war could mean for the industry at large with executive editor tom giles. >> wall street is not happy. on the one and we cannot go too far. the reality is no one knows what is going on with this white house. people are upset.

gary cohn it was the president of goldman sachs, anti-left for the white house, and that came after trump literally mocked goldman sachs on the campaign trail. that they relieved have this guide they saw as a friend, someone who could push to cut corporate taxes, and now gary cohn is gone and that is destabilizing. i talk to executives over the last 24 hours that said this freaks me out. >> let's look at apple as an example. it is still unclear if apple would be marked as an importer. what does this really mean as far as we know for apple, its products, its supply chain? apple has to be caught in the middle of this somehow, given the fact they are the world's largest, most viable company. they are importing products from china, and a lot of the supply

chain is in china. apple is not going to get off scott free here. the question is, in a worst-case scenario, it certainly would be affected. a company that generates so many tens of billions of dollars a year, we have 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 really depends on how much of a levy is going to be imposed on steel, aluminum, finished goods. bige war's are not good for , multinational companies like apple and amazon. although some of these other tech companies are less effective because they are so service-based. microsoft, a software provider.

facebook, social media delivered over the internet. of whatthe lion's share it does, is not consumer electronics. know,le in particular, we president trump took aim on the campaign trail. so, who knows where that relationship stands. matt, is there a silver lining here? >> there might be a silver lining for wall street considering steve mnuchin is the secretary. when i hear tom talk about apple and am reminded that trump mocked apple, considering the , if donald trump decides he needs someone to be you like it might not be wall street. what if it is big tech? the next documentary, which will is about the big

tech companies. i can smell in the air the sense that the new punching bag for trump could be amazon and apple. grexit marty was on the show yesterday during the breaking news, but he talked about how he thinks the relationship between silicon valley and the white house has taken a bit of a pause. is the general viable response from the tech community so far? what you have to think about with silicon valley is to the extent that we are going to look ,t foreign nations as the enemy that is going to have a big impact. there are lots of different ways, and that think the biggest way i want to talk about is when you look at the biggest deal in tech, brought, trying to buy qualcomm, this is a transaction that is hitting a buzz saw.

they are looking at this and the they are saying is, to extent that this transaction would undermine our competitiveness as a country, they do not want to see it happen. raising objections. we wrote about the letter they published earlier this week. on one hand, that sounds friendly to tech companies. hand, you do not want to see a big deal like this get lost. much are big tech companies going to get caught in this war? >> what does it mean for companies that have been trying to crack the u.s. market? they are coming with products from china. >> it is not going to get easier. if you're trying to cell phones,

tablets, laptops, it is not going to get any easier to get it to the u.s.. >> he talked to a lot of people about what gary cohn might do next. you got some interesting answers. he willing as to what do next, and to will fill his role? cohn is note gary like trying to figure out the white house. he 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 is not that insane to think he could go back to goldman sachs. it would be a bad look for the that peopleor idea could leave goldman sachs, approved political power, then turn it right back into a goldman sachs job. someone said he could work for space x, but it looks like they

have wonderful management, including one of the biggest women in tech. someone said he should just go spent six months on the beach in the bahamas, but i think out of all the options that will seems like the most realistic. >> i love that idea. what about who would fill his job, and how important is it that it is another banker? >> is so crazy to think about. armomeone was twisting your and you had to say what does donald trump stand for, i am pretty sure you would say populism. it is just so remarkable to think that he is a billionaire who has surrounded himself with billionaires. bloomberg news has done a good job of explaining how his cabinet is the richest cabinet in america. on one hand, i feel like it would be crazy to guess that he would pick anybody but another tycoon, someone like wilbur ross.

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 wall street to go to the white house considering how chaotic things are. >> that was max and tom giles. president trump may have an ally in elon musk, at least when it comes to china's trade protections. he was in a bitter fight with authorities to build a factory in shanghai. he wrote, you think the u.s. and china would have equal and fair rules for cars. 25%oted that china charges import duties on cars, compared to america's levy of 2.5%. coming up, our important conversation with top female voices in technology.

we will bring you amazon's stephanie landry and google clout ceo diane greene later this hour. if you like bloomberg news, check us out on the radio. this is bloomberg. ♪

♪ >> another day, another legal battle for uber. the suit says uber failed to disclose a hack. uber have known for over a year that this breach potentially impacted 57 million passengers worldwide. the law, the team can seek civil penalties as high as $13.5 million from uber. first i was international women's day, and we brought you a slew of top female leaders in technology.

started our conversation on uber's business and its changing culture. i have been extraordinarily lucky and have had a remarkable experience at uber. board, i day i came on have been in the company of incredible women. 50-50,a board that was men and women, i was really supportive of people of different backgrounds and styles. really feltce i like i could drive and encourage those around me to try. i think the disturbing thing we

have all realized over the last year is that not everyone in our organization and say the same. and has been invigorating in a way to say that this is our , and i going forward have been deeply involved in ensuring that our culture and our norms and business practices going forward are once can all be proud of. we want to make sure every team across the country can say the same thing. >> you are obviously hired by travis kalanick and there has been a big changeover. work hasus how your changed. and the change in culture at uber as the result of his leadership. >> that has been distinct

change. from the top and the direction we are going, even strategically. i think we have acknowledged that we need to articulate and hold our teams accountable every time. even if it is something that is going to cost us a bit more. >> talk to us about where the pendulum is and what you have been told about priorities? >> we need both growth and profitability. any company does, especially if it is optimizing for the long-term. to ensure we are continuing to invest in long-term growth, and ensuring we are doing so in a sustainable way. i think the challenge of any business leader is to hold those two things at the top of mind at the same time, and to ensure we are helping navigate the company through those trade-offs.

,> the competitive landscape lift has gained writers as uber was going through this big cultural shift. what do you have on the competition, and are you at all concerned? >> riders and drivers always have a choice. their own car, just to walk, or some other alternative. at the end of the day what we find really exciting is the opportunity for people to be able to leave their keys at home, or not by the second car, or the first car to begin with, and consider using options that are actually more sustainable

for our cities at large. when we do that we will need fewer land in cities allocated to parking. we will have less congestion on our streets. fewer people behind the wheel drunk. and we will have greater opportunities for drivers who need it. fewer people behind the wheel drunk. and we willbut we have learned e past 12 months is to ensure we delivering only the promise to riders and drivers. >> that was uber's megan joyce. we also caught up with amazon vice president stephanie landry for international women's day. >> we have over 4000 open jobs today.

looking at ourly businesses and reevaluating in making sure we are applying the right amount of resources in different areas. there are some of the jobs open all of the city and worldwide. >> stephanie, you now run amazon prime now and amazon fresh. talk to us about how big prime now is how many people are using it. the connection of all of the businesses i run is that we deliver food, often fresh food, and really fast to customers. in some cases as little as an hour. the prime now business is currently available in over 50 cities provide, nine countries. in the u.s. we are in over 30 cities.

>> you were involved in the kickoff of amazon fresh grocery delivery, and now amazon is all in. amazon bought whole foods. there is a lot of competition. what is the path to greater domination? throughout my 14 year career amazon, -- [inaudible] i have a six euro, i'm a mom, taking a little kid through the grocery store is a big chore. to be able to get it delivered to your home is such an incredible convenience. i think the collaboration between whole foods and amazon is an incredible opportunity that our customers are going to love.

launched grocery delivery and as little as one hour in san francisco and atlanta, i am excited about that. >> that was amazon's stephanie landry. coming up, asia is encouraging its biggest tech firm to bring its business home. we will head the next. and the bank of amazon? the company's move into the world of financing later this hour. this is bloomberg. ♪

♪ >> calling on the chinese government to boost regional trade between hong kong and the mainland. a met with the media and explained his proposal. border patrols and taxation

regimes are two of the biggest obstacles. also the free movement of high skilled workers is yet to happen because hong kong is concerned about the inflow of labor. so i suggested the idea of an id system linking hong kong and mainland china. >> he also fielded a question about the cryptocurrency market. take a listen. >> block chain is a really innovative technology, but we must be careful using it. technology is good but usage is important. digital currencies means a lot of risk. i am not saying the technology is not mature, but everyone can easily create and use it to show courtesies that could be huge issues for regulators.

>> [inaudible] editor ofhe managing asia tech coverage from bloomberg. he joins us live from tokyo. >> the backdrop is interesting here. you have an annual national people's congress. a gathering of thousands of delegates from all over the country. in the past you will see business leaders come, but they were typically traditional businesses in real estate and state-owned enterprises. this year you're really sing the coming out of technology companies that have become some of the most viable in the world. they're talking about listing shares in mainland china in addition to listings overseas.

it helps the tech companies because valuations in mainland china tend to be quite high. >> talked was little more about that, the pros and cons of the structure? >> it does not have the best reputation. they have difficult regulations these companies have to comply with. they're known for volatility and spontaneous government intervention. peter mentioned, this would be a good move on the chinese government's part to boost the reputation and attract some of these big listings. it is also great for domestic we tell investors. i have not really been able to dissipate and some of the greatest wealth creation in china's history. it will give them a chance to participate in boost violations of these companies. tell investors are certainly excited to get in on this if it becomes possible.

>> yet, some folks will not be pleased about this, will they? >> [inaudible] >> yet, some folks will not be pleased about this, will they? >> [inaudible] >> yet, some folks will not be pleased about this, will they? >> [inaudible] historically the have not allow the shares you have seen that many u.s. tech companies, including some foreign companies. >> yet, some folks will not be pleased about this, will they? >> [inaudible] historically the have not allow the shares you have seen that many u.s. tech companies, including some foreign companies. >> there are some big tech ipos in the pipeline, tencent music, how do we expect those companies in particular to proceed. >> changing regulations in both hong kong and mainland china are going to play a big role. .0 set music -- tencent music

[inaudible] fall hikehas fallen new york in terms of attracting these companies. thoughts as to how the potential listings could affect it? prize isnly the big going to be xiaomi this year. if they do list in mainland , it gives them an opportunity to buy into the shares that could help the valuation quite a bit. it will be interesting to see how that one plays out in particular. >> thanks to bloomberg's peter and selena. still ahead, we sit down with diane greene.

aunt, a reminder that all episodes of bloomberg technology are now live streaming on tweeter -- twitter. this is bloomberg. ♪

mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. >> diane greene has been ceo of

google since 2015. have invested some $30 billion on its cloud services. we sat down with her and asked about how she make the jump to current role at google. >> i was in the background [inaudible]

know, make this available to anybody to use. it was really exciting to me the more to it i got.

it's about a trillion dollar is mess. microsoft has different strengths. i feel like we clearly are highly differentiated in our data analytics. different and our security. if you want to keep your from ouron secure productivity suite on down to the basic network, i think we are the people that discovered meltdowns. we have these differentiations where all companies are going so that's why i cannot say i am afraid. i see that we have a lot of work cut out for us and we are working extremely hard.

you said you think google has a good shot at being number one in five years. do you believe that? >> i'd like it's possible. those words were quoted a little bit out of context but we certainly are executing extraordinarily well. passednings call said we $1 billion per quarter in 2017 and that the google plowed -- the google cloud platform is the fastest growing. us in triple digit growth so tremendous momentum. million paying4 customers. , we aree about benchmarking our own growth against ourselves and we are pretty happy with it. speaking of the metrics,

we always want more and when will give google give more details on how the cloud business is doing? >> it's interesting to me that in january we finally gained some metrics and now that's the metrics.uently asked that was pretty real but it's not the metrics you are looking for. emily: do you think block chain will change cloud computing? >> block chain gives you this distributed mechanism to verify things which is powerful for everything. powerful for security, it will be powerful for help. because the cloud is where every company will operate and all the data will be there, it's inevitable that block chain will play a gigantic role in the cloud.

and in are fully distributed world which cloud plays a very meaningful role because it's where all the data gets shared. that was the google cloud ceo, diane greene. the chiefoke to diversity officer for women's day. she has a venture capital firm. she lost that lawsuit in court but she has one and the court of public opinion and we talked about a lack of diversity that persists in technology and why. it's more of this backlash against change. it's trying to fix the problems that have taken place for the in tech.ral decades we created systems that favor homogeneity. how do we take this down and try how weh up and transform

do things. that is uncomfortable for people. emily: you suggested people need to be fired in order for real change to happen. who should be fired? >> people who don't live that women and people of color and people who are older and people who are immigrants are equal employees who can do the same and have these innate biases against them, should be fired. coworkern't treat your equitably, then you really have no place in the world. emily: how do we know who these people are? is it a matter of not trying or not getting the results? peoplewe identify the who are not doing enough? >> i don't know that it's not doing enough. i think there are people who are saying temporal -- terrible things about their coworkers and sharing private information.

those people should be fired, there is no place for people enabling attacks on your coworkers in the workplace. you want people who believe in your culture and of they don't believe in your culture and they show that, then they don't belong. they are not promoting your ideals and are not on the same page and making it harder for others to do their job. reddityou are ceo for for a time and the research shows you helped cut down on hate on the site. while the questions i ask in my book, how would the internet be different if women had designed the firstems in place. do you think online harassment and trolling would be such a problem? it's unfortunate these sites were started and run by white men for so long.

nobody ever experienced this the same way as people of color or who were women or non-binary. don't experience it, it's hard for you to address it. there was not anybody calling attention to these problems and you see it on other platforms like next door and airbnb were trying to fix problems that came from homogeneous workforce and now they are trying to bring in changes to make sure their platforms are more open and inclusive and don't reflect the biases there early employees experience. emily: thanks to ellen pao. is trying to stop alledge crypto currency scams. it is taking steps to have these accounts stop interacting.

still ahead, amazon continues its expansion from your doorstep to your wallet to your health care. we will explain how it fits into amazon's bigger plan. the votes are in and italy is getting a new antiestablishment government. people are ready to blame social media for the outcome. this is bloomberg. ♪

emily: amazon is reportedly offering a discount with prime membership to medicaid recipients in the united states. it's a step toward lower income shoppers and putting pressure on

walmart. can get amazon prime for $5.99 per month, half the usual cost. now was a good time to take stock of the state of amazon from its big e-commerce and cloud businesses to its newest forays into groceries and hardware. it also announced a health care venture. the company acquired doorbell in march, it'sd now looking into providing its customers with checking accounts and has announced its expanding food delivery to amazon prime customers. with the bloomberg tech executive editor. >> it's a company that one of its products is its culture and the way it he centralizes and empowers teams to innovate and requires them to do so. you have tens of thousands of

people working for amazon around the world looking for growth and expansion opportunity. businesst every new they have started has succeeded, right? >> they spent 10 years trying to make grocery stores work and it didn't. didn't work as well as they hoped. it resulted in the blockbuster acquisition of whole foods. emily: talk to me about expanding hope is delivery service. >> there is so much they can do in whole foods, they can bring amazon pay to the checkout, they can do a loyalty club for prime stores, they can make the friendlier to customers but the easy stuff is delivering from the supermarket and the whole foods supply chain right to people's homes and that's what we are starting to see in a couple of cities including san francisco. my associates wrote a story the amazon workers

delivering groceries to people's homes. it was predicted that amazon might by target next. take a listen -- >> the future of retail will be a combination -- i would bet investors would view this as amazon is taking over the world and that's a good thing. emily: is amazon taking over the world a good thing? maybe for amazon investors. the company's performance has been stellar. price has multiplied by a factor of four over the last five years. the bigger it gets, the more get absorbed and question about its market power arise. it's great for customers that amazon brings its long-term orientation and its willingness

to lose money in the form of lower rices and great for customers but destabilizing other industries in raising questions about market consolidation. ally: there has not been great news for amazon over the last year. amazon studios struggling to get back on its feet and amazon prime's greg greeley is leaving for airbnb, what do you make of that? >> he was an old timer and started in the finance department was the first guy who -- it was about super saver shipping. they could get their shipping for free and the cost amazon money at it cemented loyal customers and it was the beginning of the pathway for prime. were basically using their deficiencies in the supply chain to pass on benefits to customers. a senior member of the team, someone who is going to spend but that bench is

extremely deep. the bigger story is how little turnover they have in the upper range. i think airbnb brought them over to be -- brought him over to be president of their home division. emily: speaking of the cost of delivery, this these -- these things they offered to customers don't come cheap. to our delivery is expensive on the amazon site. is that going to hurt them at some point? you can look at it as a cost curve. it probably costs a lot of money particular when the distribution customers who are ordering from prime now is small. thing is they are willing to do that for 10 years as they get the concentration of customers and neighborhoods, the cost for delivery comes down and they are uniquely situated to do that and they can suffer the early bad economics for the long-term payoff will stop it

might look bad now we have one truck making one delivery in one neighborhood but in five years, suddenly that truck is full of stuff. ofly: what do you make amazon buying the ring doorbell company? also the delivery person who can come inside your door and drop off packages? they are also testing health insurance. term, amazon is up against google and apple in this voice assistant home automation world and it's a novelty now. alexa ande quizzing getting the weather for the future has to be utilities like opening your door, dimming your lights, and amazon works with third party appliance makers but the more they can bring in a house, the better experience it is. , allowingonger term the delivery guy to come in your or letting your housekeeper

in, letting the plumber in and not having to wait for the cable truethey call it the lock-in when they control your doorway, it's pretty powerful. emily: thanks to bloomberg's brad stone. bugon says it is aware of a in its alexa feature. it's working on a fix. some users say they have heard strange laughing noises at homem from the echo speaker. the company did not say when they would fix it that amazon can push updates to the service automatically. up, the battle for the cloud continues to heat up and we will talk to the man behind one company looking to stave off giants like amazon and microsoft, next. this is bloomberg. >> ♪

emily: blackberry is suing

facebook for imaging technology. in the past, facebook executives have explained that copying what works is sometimes necessary. forublicly credits snapchat the popular function. the world of cloud content management got big news when dropbox announced it was the latest company to file for an ipo. one company that beat them to the punch was rival box that announced its revenue missed forecasts sending its share price tumbling. shares of pick back up in the last couple of days of stop we spoke with the box ceo on tuesday. ofq4 that we just came off was very strong. we did $136.7 million in revenue. that was the range we got into.

billings,million in $13 million in free cash flow so a strong quarter overall. it is what box looks like when we are executing at her best, onving the largest companies the planet, major banks, government agencies. we did 78 deals over $100,000 and 90 over $1 million. guidance was at a decelerated now for the year we are in and i was lower than analyst expectations and that put pressure on the stock. the reason is we are transitioning from a single product company to a multiproduct company. we arere doing that, serving bigger customers with bigger deals and we wanted to make sure we set ourselves up for a really good foundation for the gear that would have leverage for accelerated growth this year and next year. we are still on our path to $1

billion in revenue over the next year but we wanted to be more conservative in how we are guiding. emily: i'm sure you have been and now thatropbox you have seen the numbers and they have filed to go public, are you concerned? this changesink the competitiveness of the business. numbers reflect two types of companies, one is a revenue driven is nice and consumers like you and i use it for professional or personal use. about one/three of revenue is b2b. that's the only part of the revenue that looks like box. our revenue tilts toward midsize companies and large enterprises. emily: why couldn't they go after the large enterprises? >> in some ways they have been trying over the last five or 10 years but they went back to focusing where they are best on

the consumer side. our companies look very different. it looks like a very different company at scale so our 1800 employees looks different from what dropbox employees do. we may be similar as far as but othersual files companies need different functionality and that's what we have focused on. emily: any advice since you have a couple of years as a public company? >> i don't give advice to we cantors but the more differentiate, the better. we are collectively going after a $50 billion market so there is no shortage of an addressable market for both of us to tackle. are focusing more and

enterprises that focus on consumers and there's plenty of market for both her businesses. start you said you will investing more now that you are cash positive. what companies might you like to acquire? >> i will not announce any corporate moves today? emily: why not? the fcc has problems with us but we will get there someday. we are focused on organic growth. the best way to think about our roadmap is if you are a 50,000 person company and you are transforming how your business works or operates in the digital backboneant to be the for managing, securing, and working with your information. bringingore technology ai into the box. focus areaso be the

for the business now. gary cohn is leaving his post at the white house. this has been speculated for a while and you have been an outspoken opponent of the trump administration. what do you make of this and the context of where we are? are we better or worse off? honestly, we are so off the path of where i could imagine. we generally tend to think linearly about these things. resignation would be more internal chaos than we have already seen. how incredibly hard to know to compare today to where you might have been a year ago. it's not good to see that lack of stability and steady hands of some of the people he was surrounded by. emily: do you think it will hurt

business? >> i have no idea. i think businesses and the market probably appreciate someone with gary's background involved in the administration. he is very pro-trade, oriented toward a growth economy. this could put some risk on the policies and that's what matters a lot. presidentising the and ultimately, what policies will we see enacted? having someone like gary out of the system and not advising trump, i can't imagine it's a positive thing. that does it for this edition of "the best of bloomberg technology." tune in every day at 5:00 p.m. in new york and remember, we are now live streaming on twitter. that's all for now. this is bloomberg.

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♪ nejra: two months on we look at how they are living with the landmark legislation and what's next. howard davies makes his first testimony to both houses of congress, will it be a focus. brexit in the city. how leaving the eu could impact the london's growing tech sector. welcome to "bloomberg markets: rules and returns."