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tv   Bloomberg Technology  Bloomberg  April 27, 2018 5:00pm-6:00pm EDT

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believes should stay in place, and yield exemption from the u.s. tariffs on steel and aluminum is also said to expire soon. internal one stock is opening an investigation into administrator scott pruitt's rental of a condominium the lobbyists. the government's top ethics officer asked the epa to scrutinize that rental. tentative not be a masthead deal in place before rest of ignition heads to china for trade negotiations -- there will not be a tentative nafta deal. a question have an agreement in place in principle over the coming days has come up short. ministers will meet again on may 7. the two koreas have formerly a grid to end the war that began seven decades ago. korea's kim jong-un and south korea's moon jae-in held a historic summit in the demilitarized zone that device the countries.
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both sides also agreed to a nuclear free korean peninsula. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. ♪ emily: i am emily chang and mrs. "bloomberg technology", big tex bounces back and how the biggest players style after a brutal start to the fiscal year. and more and its highlights as we hear from expedia ceo on its results. and the committee gets ready to declare from our review of apple earnings ahead of next week's report. first to our lead. a tech turnaround despite a
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beating over the last several weeks, the tight changed again. changed, better-than-expected results from microsoft and intel, but the crowning achievement appears to be amazon. blowout earnings pushed the e-commerce giant to regain its title behind apple. here to break all of it down for us we have bloomberg intelligence's director of north sweeney,research, paul abigail doolittle. i want to start with you. of where walk through we ended up today after a rocky few weeks emily: --few weeks. abigail: it was an just in day. only finishing fractionally higher midmorning. each of the major averages dipping into negative territory.
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despite the fact we had the rebound rally led by facebook and some other tech winners, today is obviously amazon with a upe point boost, finishing 3.6%, it was not enough. the other stocks finishing lower, and behind this, emily, i believe, is apple. if you look at the intraday chart, apple started flat, and that session lows, finishing down about 1%. apple reports next tuesday. we have had strong reports out of these big internet names. the crown report at this point, and pretty much every earning season is apple. lots of chatter the iphone demand is weaker than expected. especially the iphone x. investors are nervous what we will see around the march quarter. could there be a miss driven by weakness in china? the june guide, will it come in less than expected? they only guide out one quarter.
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jitters there from apple waiting on the nasdaq overall. on the week, the nasdaq another major averages finished lower despite the big tech reports and a lot of it reflects apple. emily: you have an excellent piece out today that makes the point, these companies together -- facebook, amazon, alphabet, microsoft, spent more than $16 billion in cap x this quarter, and investors don't seem to care. talk to us about what they're spending is on and why the market seems to ignore it. >> i was struck at the level of spending for the big tech giants. it is a diverse category of things. they are obviously buying computer equipment to build out data centers. alphabet bought the chelsea market building here in new york city, a couple of alien dollars. amazon is spending on its cloud computing operation and its package delivery and
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transportation networks. look, to fulfill the ambitions of these tech companies that want to be in every net and cranny of the economy it is costly, and that is showing up on the line. more people.re you need a place to put them, paul. what stands out to you given where the spending is happening? paul sweeney: we see across the board. it started with amazon. jeff bezos and amazon have done an amazing job conditioning the marketplace that if you can demonstrate to me the long-term growth targeted addressable market for your business is big enough to warrant big-time investment, the market will support it, and that is what amazon has done over the years -- to really drop every amount of earnings they had back into their business. other companies have started to see if they can really condition the street that they are going after a significantly big business opportunity, and that the returns on this investment will be there, that the street
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generally gives them a pass. we had seen it from alphabet. we are starting to see it from facebook. facebook had another big quarter of expense growth, and that was generally supported by strong revenue growth. these companies generally divide high returns to investors. emily: facebook has recovered about two thirds of what they have lost so far since the cambridge analytica scandal broke. abigail, what are we watching over the next weeks and months? , you know,ust today this realization that they are expecting to disclose more cambridge analytica potentially like scandals as they continue the investigation. abigail: what would turn sentiment to the more negative, because obviously what happened in march -- maybe not obviously -- it was a big hit to investor sentiment and to the stock at that time -- what could possibly make it worse is if any of those
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regulation -- revelations were going to drag on the top or bottom line. so far, everything with cambridge analytical, it looks like it is not disrupting users to any big degree and not disrupting advertisers. if some of the news to come out in the future were to suggest that some point it is going to impact the financials, i think that could, perhaps, create a dent in sentiment. the fact that we have had little bottoming after the earnings report showing that this company can continue to put up big, big, numbers, even with that kind of issue -- the markets are looking past that now. if that changes, the stock and the sentiment could go with it. emily: this from an sec filing where facebook says it expects announce mored instances of misuse of user data or undesirable activity by third parties. , the question of the
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quarter, really, is will this be a blip for facebook? will facebook recover, and does it continue to have long runway, especially given the other properties facebook owns? what is your sense? shira: i think abigail is right. look, none of the privacy and misinformation scandals facebook has been embroiled in the last 18 months have affected its advertising business yet. that is the big question. it was pretty stunning to see a company of facebook's size with more than $40 billion of annual revenue, the revenue growth rate accelerated in the fourth quarter, which is not some thing that is easy to do when you are a company the size of facebook. that shows advertisers, despite the noise around facebook, they find that buying ads on facebook works -- it delivers more business, finds them customers. hards that changes, it is to imagine that the facebook story starts to break down. the thing that i worry about is on the user side.
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if you look at sentiment on the user side about facebook, it is bad. people generally do not trust facebook in user service. again, that is not necessarily showing up in usage or facebook yet, but i feel like the scandals have a cumulative effect where people, they don't feel like they want to be on facebook, even if it is useful to their personal lives. it, kind of, has a little bit of a state to it. -- think to it. emily: that has been my sense, anecdotally, that users do not trust facebook, and we have not seen that impact, paul. will we, because we are in this bubble -- or is it because we are in this bubble and are the only ones talking about this? paul: investors will be looking at this over the next several quarters, and what investors feel like if we expect margins to be under pressure because facebook is likely to step up spending to curtail some of these data issues, whether it is
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-- i thinkore r&d the market is discounted that. with the market would find a negative development would be, obvious -- either users decline were their engagement declined in terms of daily active users. that would be an issue. let's not forget there are other revenue levers for this company instagram,st notably whatsapp, and messenger -- even if the core facebook product faces challenges from a usage perspective, they have other levers to pull on the revenue side. emily: apple shares over 1% down today. company reported on tuesday. , how will this be different from what we have seen from everyone else? shira: apple has been different from internet companies largely because it is primarily a smartphone company. that is how it generates a
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majority of its revenue. we have seen this industry-wide trend that is showing up in the smartphone chip companies that have reported earnings the last week or two. there is an industry-wide global slowdown in sales, and it will be hard for apple to buck the trend. it is charging more for the iphone, including the iphone x. that offsets unit slowdowns in smartphone sales, but that is problem -- apple's it is highly dependent on sales of smartphones, and across the globe, sales are ground to a halt. emily: all right. shira ovide. abigail doolittle, paul sweeney, thank you to you both. lots to cover next week when apple reports. t-mobile and its german owners are advancing toward a bill that deal that would advance spread. talks could fall apart.
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previous discussions broke down last year after the two sides could not agree on how to structure control of the combined entity. coming up, we caught -- caught up with the intel see -- cfo after the solid scorecard. what he have to say about the company investment in storage. if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, in the u.s. on sirius xm. this is bloomberg. ♪
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emily: after a tough few weeks for big tech stocks we are
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seeing a rebound. results this week from some of the most valuable tech company's and the world went a long way towards proving naysayers wrong. that includes intel. growth has become a key indicator of performance. early today, bloomberg markets caught up with intel cfo bob swan and started on the data center. we have beent experiencing for the last several quarters and we expect the rest of the year is an unrelenting demand for compute components, primarily the need for data. trend is whatal we have been investing towards and we are reaping the benefits with a strong performance in the first quarter. at the same time, i would say for the full year we do see cio's, probably because of a strong gdp and strong earnings, seem to have more money to spend and they are refreshing their environments. we benefit from that as well.
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vonnie: speaking of which, amd is a stronger competitor. it is catching eyeballs. how do you stave the competition of? at one point it was 25% of the market. it is down to low single digits now. how do you stave amd off? key is the same, to deliver great, high performance products for our customers year in and year out, and that is it we focused onto it as long as we do that, we think it will bode well for our business. you saw in the quarter, the datacenter business was up 24% with strong performance in cloud, continued, wonderful traction in our comm and networking business. we think we have the right set of products and the bright performance driving demand at a unique time in the industry. as long as we do that, everything else will take care of itself. nvidia, youking of
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also have a graphics system. i'm wondering what your plans are given that google is now also in on the action. bob: yeah, we have a strong position with integrated graphics. it has been a core part of our product portfolio for a long time. more recently, we have announced our intention is to begin to leverage that strength in integrated graphics to build to solverete graphics some of the emerging opportunities and problems with our customer base. so, great, integrated graphics position -- trying to leverage that and extend that into new markets. jon: can you tell us about the pc market, the context for 2018 -- have we bottomed? it seems we have. is it stable, though? bob: you know, it is a great question. what we have experienced in the second half of last year in the
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first quarter of this year is a stabilization. has beenow, the pc declining for a while, but those have somewhat stabilize the last couple of quarters and our sense, in the first quarter, the market was relatively flat, which for us is good news. our volumes were flat, so we think from a share perspective we are doing just fine. more important to that, the mix of our products continue to be up sell for higher performance products. as a result, in a relatively flat market, our revenues grew 3% in the quarter. so far, so good, and part of our -- was theuidance stabilization of pc's as well. pc,k: when it comes to non- bob, within the chip space, what excites you most? which area provides the best opportunity, non-auto,
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non--data, iot cellular, datacenter, can you list them in order of preference? well, first, as we talked about before, over the course of the last couple of years, we have dramatically expanded our serve the market. where we used to focus primarily on cpu's, we now focus on the increased demand for data, and where silica and can be a differentiator. so, our product portfolio today and artificial intelligence for the data center, for pc's, for autonomous vehicles. so, we have dramatically expanded the market that we serve because the continued performancecompute play to our strength. we see those that outburst -- as opportunities and that is the market we have been going after and that has accelerated the
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growth for the company. emily: intel cfo bob swan there. side kicks off its run as a new look -- public company. this is bloomberg. ♪
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emily: -- is planning to release aws,vate offering to however engineering challenges have put the lunch time and in doubt. ix has hovered around highs because of expectations it will able this be able to match against amazon and google. shares fell on the report. its tradinggn made debut friday. shares rising as much as 40% after the electronic signature company raise $629 million in its ipo.
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bloomberg deals reporter alex spoke with docusign ceo dan springer. dan springer: i think it has been a long time coming, but i think it has been worth the wait. if you think about what docusign has done, we have transformed the concept of how people do agreement at our leadership in e-signature has created an opportunity for me to accelerate how they do business and for users to have a much simpler and better experience. that is why it is great to work at docusign. when i meet people and customers say they love docusign, it gets me excited about what people are doing -- what we are doing. alex: you are the number one provider, but it is a new industry -- where will you put money to work? where is continued growth when to come from as you move forward? verywe are actually focused on growth. i am glad you bring that up. when we think about our opportunity, even though it is still 50 times our current revenue of half of a billion dollars, with the total
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opportunity is much larger. if you look at the opportunity to land new customers that number, we serve the smallest businesses up to the largest enterprise, and now we have an international footprint with 17% of our revenue coming outside of the u.s.. still, another big growth opportunity for continued international expansion, and finally, i don't want to miss one of the most important properties for us for our growth is expanding with existing customers. many of our customers only have a few youth -- use cases and we see the opportunity to have hundreds of them. we see a lot of vectors for that exciting growth going forward. alex: dan, i want to unpack this starting with the last point on dealing out to your customers. you talked about this on the road show. right now 62% of your expenses and others versus r&d general expenses. how much more spending will it take to convince the sea suite and your customers to expand into more products using alisa:?
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-- using docusign? growth have had a lot of to get us to the revenue, and you are spot on. it is what we are doing to we are getting to the c suite, helping them realize that to dry the digital transformation they have in their business, docusign is the key partner to do that. we will continue to invest in sales and marketing because we think we have just penetrated a small part of the opportunity. quickly, you are the ceo of a 15-year old company. this ipo is a long time coming to live in tracking this for years, that docusign said they might go public. what was the top thing for you that said i feel by the end now is the time to get out the door? dan: i think this company has been ipo-ready for a weil, but there were a couple things we wanted to do to ensure we had nothing but a fabulously successful start. we wanted to get to the point of
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being cash flow positive, which we did in the last year. there was a second component where we wanted to prove the international opportunities you asked about earlier, and getting to 70% of our revenue outside of the u.s. was an important improvement. 17% of, there was a -- our revenue outside of the u.s. was an important improvement. with those three components we are excited to be here in new york today. emily: that was docusign ceo dan blumbergearlier on television. coming up, and exquisite conversation with the expedia's ceo to break down their results. this is bloomberg. ♪
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alisa: here is a check of first world news. united nations secretary antonio perez called the summit between south korean president moon jae-in and north korean leader kim jong on historic.
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a spokesman for the remarks to reporters at the yuan headquarters in new york. to build on their first meeting and swiftly implement all agreed action to further korean trust building and reconciliation, since your dialect, and progress towards sustainable peace and verifiable denuclearization. secretary pompeo, who was sworn in on thursday, said u.s. remains committed to for greater is burden sharing. great too allies a defense spending by 2024 with 20% of the share funding major equipment. it is up to each alec to make it on the promised by present a credible plan for the summit in july.
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european nations must bear the necessary responsibilities for their security and make the case for fellow citizens. secretary pompeo also of russia is trying to undermine democratic institutions. you elect house committee officially declared the end of its russia probe, saying it found no evidence of the trump campaign colluded with russia in the 2016 presidential election. president trump directed to the props conclusion with german chancellor angela merkel. no collusion or coordination, no nothing, it is a witchhunt, there is no collusion with russia. she probably can't believe it, who can? the report was very powerful, very strong, no collusion with the trump campaign and the russian people. georgeformer president
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h.w. bush continues to recover, but will remain in a houston hospital in the weekend. he is being treated for an infection that spread to his blood. seen in was last public attending his wife's funeral. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. i'm a alisa parenti, this is bloomberg, and with emily chang is next. ♪ ♪ this is bloomberg technology and another earnings standout us week was expedia. reported earnings that beat
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forecast and rising demand, ceo mark okerstrom spoke with bloomberg. trivago is in a transition period, and advertisers have pulled back on spending and has given us opportunity for smaller advertisers to step up. unfortunately the overall monetization of the platform is lower than it has been so we're on to get through this in the back part of your. greatttom line is it is a thought from for advertisers to advertise on and a popular service with consumers. we are optimistic things will get better as we move through. >> also because of your investments, how do you plan on making homeaway to your profit and bottom line from the next quarter and on? mark: homeaway is on acreage trajectory in terms of topline
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revenue looking solid. the issue with homeaway is not really an issue. are a highly seasonal business so we pay for marketing in the first quarter and jerod strong bookings like we did this corner, and ultimately it will travel in the summer, and as one-run denies the revenue. we focused on homeaway's trajectory from a topline and bottom line in the full-year net income away will show that to be true as we move through the year. >> when will it be fully integrated the core platform? homeaway will operate on a standalone basis, but what we are doing is making homeaway properties available on the core brand suggest expedia or orbitz, travelocity, hotels.com, homeaway has 1.6 million online bookable listings and we have 175,000 of those life on brent
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expedia and other associated properties, working through the issues. incentivizeat when thousand number to climb steeply as we move through the year. >> you have success and large, but going forward, more deals and acquisitions? in our dna, so we are on the hunt can operate we are also discipline. over the last number of years we have built an incredible portfolio of some of the leading brands in travel. right now we are in a position where we don't need anything else to be successful and to deliver world want to be. we are focused on making the most of what we have got and making sure we are being locally relevant on a global basis, going into countries and building currently powerful network for suppliers and consumers and making sure we are incredibly customer centric and we can increase the speed of execution and innovation across our brands. we're focused on solid execution
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, but we continue to be opportunistic on the m&a front if we see something that is attractive. >> talk about your marketing spend, how do you plan to make your marketing spend work for the rest of the company overall? mark: we have been at the skin for a long time terms of online digital spend and also in terms of television spend. we are highly analytical in the way we approach it. last year we spent over $4 billion on direct sales and marketing. this year it will be significantly more than that. we're also looking for ways to make sure we get the absolute most out of our marketing dollar over the course of the first quarter. we were more distant and making sure we could prove to ourselves with real math where we are actually making appropriate returns on our marketing spend and where we weren't. that is going to be the course and we arext period, confident our marketing spend is smart spend and were looking to get more smarter. that include a position
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on the likes of facebook and other social media spending? you plan to reduce that in any way, given the scandals we have seen over the last aromas -- last several months? mark: we don't plan to reduce our spent on those platforms, facebook continues to be a attractive platform where consumers are. there are other large advertising problems are people are thinking about travel -- whether they are dreaming about it or about to make a trip are present. we want to be there. we are very cautious and concerned and we are very focused on making sure that consumer data is that with appropriately. case and will the continue to be the case, but we are looking to spend more on those channels assuming we can get an appropriate return. international booking running strong but domestically we see a deceleration.
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airbnb at hotels making better offers, what do you attribute this to? mark: we feel domestic market continues to be healthy for us. the numbers we look at suggest we are growing at rates two or three times overall industry, from court to court can see movements in the first quarter because of easter timing this year versus last year. andid see easter, earlier when people are on vacation they're not booking travel. on the margins that could be moves from quarter to quarter, but we feel good about our domestic partners and funded about our position in the u.s. immigrants resourcing. -- and the growth rates we are seeing. >> what are you watching over the next few months? mark: certainly we are watching the outcome of the travel ban, which is ultimately going to be decided by the supreme court in june.
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we are a travel company so we are interested in that outcome and with dementia not only do we have secure borders, which we absolutely have to have, but we are appropriate in representing our brand outside of the u.s. text reform has been a positive for us, and generally we looking for things to put more dollars in the hands of consumers. an increasingly around the world, and one of the first things consumers want to do when they get the next dollar in the pocket is take a trip. interview extensive with expedia ceo mark okerstrom. shares of charter sent following dismal earnings results. there are losing customers to streaming services at a rapid pace. charter lost 122,000 residential than a year more ago, and charter is not alone circling pentagon to pb customers.
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later this week comcast reported a loss of 96,000 subscribers. up, the thing continues to be red-hot and we hear from the head of two firms making waves globally. and this weekend on bloomberg tv we bring our best interviews from the week, including our conversation with peter cfo, on the heels of their earnings results. tuna and saturday for the best of bloomberg tech. this is bloomberg. ♪
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emily: acquiring a car pulling -- initial terms of the duo were not disclosed, but it signals ongoing consolidation in europe's ridesharing space.
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blabla plans to acquire another french company. a digital banking company that offers current accounts and don't trading and money transfer raised a quarter of a billion dollars for investors, including the ft global. caroline hyde set with their co in london. we need the money for collateral in some of the countries. >> how will you expand, the -- particularly, how does one enter the banking sector in the u.s.? >> usually in the past for , we are using licenses
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and we will launch our product. >> are getting new offices in the united kingdom, how will you increase the workforce? .> for the moment [inaudible] >> is that the greatest challenge? the hardest thing is getting the right people. even if i were to get $5 billion now, i can't speak anything up. it is important finding the right people. >> where are you finding the right people? where do find the best talent? >> we look at london and across europe, we higher in russia. >> are you focusing on diversity?
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>> we have educated people focusing on diversity. >> that is quite an achievement. continue to grow the business, does ethics come into it, how do you ensure you still the way you want to see it scale? just have strategy and we repeating. >> and making sure people are happy within the company? >> yes. >> how do you do that? do,f people love what they we hire people who love what they do. >> what about hiring people in the united kingdom and been launched in the united kingdom? you are only three years old, with a three-year-old right. de. london?u do it again in >> regulation is in support
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of fintech. i don't think anywhere in the world will find the same. quitegulation is tough, and in other countries it is not there. emily: that is the revolution ceo with caroline hyde. tech startup reached more than a billion dollars in deposits. gaza got a big boost earlier this month when they became the first him back to get access to a settlement account in the bank of england's full-time growth settlement system. selina wang caught up with their ceo about what it all means. >> this is great news for tech startups because now what it means is that startups get the same access to the payment enemieshat the banks to
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they can build products that are better in theory than with the banks have been doing so far it is as us -- it allows us to build a better product. selina: how much does reduce your cost by and how much faster does it make the entire process? >> and the u.k. were this is like this is amazing and the payment system works 24/7 and payments are delivered within 15 seconds to the recipient account. what it means is that when someone makes a payment from the u.s. from dollars to pounds in the u.k., we are able to develop -- deliver the money in 20 seconds in any bank. selina: are you passing the payment on to consumers? >> would pass heavily on consumers and we have done price drops on the last four months. this is a big thing, and what it does is lower the cost for the
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user. to give you an example, the cost going directly to bank of england is about 30 times cheaper than i was able to negotiate with a commercial bank in 2013. selina: for this to be a game changer for you need other countries to adopt this. what is taking other parts of europe and asia and the u.s. so long? >> that is a good question, here and case this family are frontrunners when it comes to the u.s. technology -- and u.k. have been frontrunners, and other countries are listening to. the u.s. is working on a payment system of real-time payments. canada is the same, australia the same, there's an initiative in europe, so the world is moving towards instant. selina: i want to talk about
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this borderless account relaunched last may, how has the adoption then, how many people are using it? >> it is going very well. the idea is to create this multi-country account where people can hold 42 different currencies and they can get local account numbers in countries outside of the u.s.. they can invoice their customers. it is going amazing. it is mostly small businesses, and have moved more than a billion dollars now in the first 10 months through these accounts. selina: what is your expedition for how much this will grow and you want to contact businesses larger than small businesses? >> we see larger businesses starting to get to grips that this is a great new feature for are starting to use the same parts that
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consumers and small businesses already adopted. ceo speakingerwise with selina wang. gets ready tole report and candidate should got the slump to start the year? this is bloomberg. ♪ this is bloomberg. ♪
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emily: amazon has jumped to number two in the rest to become the first trillion dollar company, chasing apple which was the largest u.s. company by market cap. but the cupertino giant is in a slump in shares of apple have seeing hit since march, a fall of over 8%. what can we expect when apple reports on tuesday? i bring in mark gurman who covers apple for "bloomberg technology". what their analysts saying now? mark: we are looking at revenues of $61 billion.
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and it is 15% year-over-year growth, but the iphone is apple's most important product and what people care about. what we are to see there is like these five or 6% growth. for apple, any tech of growth is high. but 51 million iphones, which is the estimate, is a very small number of growth compared to the past iphone growth they have had at this time in previous years. that is what investors are looking toward. emily: what do we know specifically about how the searcher product is doing -- the signature product is doing? mark: according to apple the iphone x is the best-selling iphone, so that is not too surprising. ahead ofyst estimates the results say the iphone x result is between 25% or 30% of all iphone sales during the quarter.
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when they launched the new iphone they lost it alongside other models, and the thousand dollar point was a sticker shock for a lot of people, and they also have to iphone 8 and a plus at a lower price point, and it was a decidedly new and was a much different than the iphone 6 or iphone 7, so it wasn't a big device to spur upgrades and then let the problem for apple in the middle of the market. that there were two fonts worked the right price and not as awesome. emily: how does apple fixed the strategy if it needs to be fixed? mark: it absolutely needs to be fixed, not because there is anything wrong with the iphone x, it is just that the thousand dollars is sticker shock for too many people. thousand dollars is a lot of money, it is courser for over a month and multiple car payments and can even be a mortgage for some. there is a lot of money on a fun, especially when you don't
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need an upgrade. the way to fix it is to bring those cool iphone x features down to the cheaper models, and that is exactly what the company is going to do in the fall with the lower-cost model that looks mostly in function of the iphone x. emily: what are the bright spots? bright spots yet in this quarter will be services. we expect services growth to be and 20%10 year-over-year, and we're looking at services numbers to be around eight 5 billion reported in q4. and q1, apple's first holiday quarter of 2018, to are working on new services and new products into the music space and susan area where likely to see between 10 and 20% growth over the next several years, augmenting the slowdown in growth that we are seeing in the iphone, bouncing everything out for the company's bottom line, the ultimate
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revenue number. coveringrk gurman apple, thank you as always in the note will be all over it as will we next week. that does it for bloomberg technology, and this monday will be live in tune in for interviews with steven mnuchin, david sullivan, sandel, arianna huffington, and much more. a reminder that we are licensing on twitter, check us out on weekdays. that is all for now. ♪
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♪ david: what was the human genome project? dr. collins: it is basically the entire instruction book for an organism. david: was it harder to discover the human genome or be appointed by two different presidents? dr. collins: both of those had certain challenges. david: how much longer do think people really can keep increasing their longevity? dr. collins: we might figure out how to achieve that by tinkering a bit with the biology. david: what is the single greatest health challenge the united states faces today? dr. collins: more people died of opioid overdoses than of car wrecks last year. it is just unbelievable. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

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