the nra convention in dallas curated >> your second amendment rights are under siege. be under siege as long as on your president. says paymentsni to president trump's attorney michael:. a campaign donation. he also says mr. trump have the authority to fire at james comey. -- deral judge he suggested prosecutors to metaphor too get seeing against the president.

scott pruitt's top spokesperson also leaving. global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. crumpton. bloomberg technology is next. -- i'm mark crumpton. bloomberg technology is next. coming up, apple shares hit a record after warren buffett makes another big on the stock. over the cartle commending them an edge in southeast asia.

what it means for the tech industry and asia going forward. but first, shares of apple hitting an all-time high. the stock rose after warren he bought ancnbc additional $75 million -- 75 million shares. apple as earnings wrap up, let's bring in kevin kelly. we will start with you. a big vote of confidence against buffett. wrecks this is a info of confidence -- confidence. andhave the buffett news now you get into a june, september quarter. i think now this could be the yellow brick road to a $1

trillion market cap. aheadk there is good news . >> that said, you know the smartphone market is saturating traded will apple continue to defy the odds and how far away are they from the $1 trillion mark? the question, can you sustain this growth, for a long time, tech was one of the primary sectors you could go to. is shareholder friendly how of apple. >> alibaba shares also jump today. they have been unapologetic about ramping up their

investment in they say that will continue. what do you make of that. growth are in super mode. at 60% the e-commerce growth. they are even investing on cloud. i think this is an opportunity. alibaba is in a massive position and that is why the investors are cheering this strategy. i think this is another vote of confidence for this e-commerce really.s the two giants it is a to war -- two horse race. i think they will continue to expand to other areas and that is why this investment, i think it is a smart strategy at this point. >> what does this say about the u.s. tech market which just a few weeks ago, their analysts saying a tech bubble had burst

and a lot have been recovered just the last few weeks? at the you look argument, one of the big things we have been noting is the rate of growth. tech, it isat china projected to grow twice as fast over the next 12 months and when you look at the valuations, they are higher. expect and atou the same time, they are pretty much in line -- these violations are in line with what effect over the last 10 years. perspectivetion don't look too stretched. >> apple is heavily weighted here. what role does apple play in the overall sentiment of the tech sector?

a game changing week. what comes out is the iphone x is not dead are at it as one of the best-selling phones out there and they're going through a massive product cycle. it is a huge boost for the market. but at facebook. you have apple. netflix, google. this is one where i think the tech earnings are really going to put more gasoline over the coming weeks and months. i think this is something that with apple on its race to hit the trillion dollar september before the

-- >> we will be talking about a potential trade war where china later in the show which i talked happening. kevin, how could some of these issues impact me china versus u.s. tech sector? >> as you mentioned, large exposure to china. trade talks will be very theytant, but i will say might affect analyst expectations. they have not really revise their expectations until recently. that is going to be important because obvious companies want to become victims? can you sustain that where is the expectations for next year follow about 10%?

>> obviously, we saw shares recover today. he also today tweeted the two questioners i ignored represent a short seller thesis. what you make of his behavior and how to interpret it? probably one of the strangest calls, but that is part of musk. way to handlehe stocksthe way that that?d, can they narrowed

this is a situation will he -- where he has to be a little more street 70 four handle calls better. patience is wearing thin. was aly don't think this call that would go in the investor relations hall of fame. the index has moved higher. it will be interesting to see and what we will be watching for

is if tech can keep up the momentum, especially for the broader index. >> what do have your eye on? >> i'm seeing a big focus year. >> that is something that can really fester in terms of u.s. tech. i think those are some things we are to see continuing to play out over the coming months in you have things that are really playing out, but there is obviously a have and have not. on social media

and to advertisers continue to stick with facebook? far, zuckerberg can gauge the storm well. >> while we are on the topic, numbered broke the story that facebook is researching an ad free subscription model. >> they have to give these thatrch it in terms of cambridge analytic a scandal. theyis something where research a lot of things that never come to market. notew this is one where our pay too much attention to that because i do not see that. paidnk if they went to a model, it would go against the

dna of zuckerberg and facebook. >> thank you both. lots to watch. has agreedfor car 75% of the company to walmart. if you like bloomberg news, check us out on the radio. this is bloomberg.

vehiclef driving waymo was traveling at slow speeds and a thomas modes. authorities say it was a minor injury. thisll continue to monitor as we get them. >> it has been clear for walmart expansion.ernational also a bid for the car. 20 us now, bloomberg tech's. redstone, what you make for the fact that walmart got this and amazon.

part is the number one online retailer in india. a close to. is they would never pass this. walmart comes in with a strong investment and part of it is international expansion and the retailers migration of this china.rom the west to >> it is getting smaller. they sold their interests to j stake in taking a 42% the company.

great business in canada. they are selling their brazilian operation. the ambitions for both these companies, they start in china where they got a late start and alibaba has conquered the landscape there and they are applying the lessons and bruises they experienced. >> softbank holds a stake in flip car. what happened to that? i believe a $20 billion value is a profit. >> we touched on this earlier, todayok broke the news

researching an ad free subscription model. talk to us more about what we know. is this a story or moving to a realistic initiative? >> there have been rumors for a long time that facebook would do that. i think the company itself was always quite resistant to the idea of charging for facebook. believesndberg relevant aspect the service better. i think they have taken such punishment over the last few months or at targeting in the elected privacy violations that reporting has suggested there is support for a subscription service that suspends advertising and partly a function of where internet is

taking. i hear at bloomberg, we introduced a pay wall this week. in.cription models are >> in his testimony, mark zuckerberg said they will always be a version of facebook that is free, which leaves the question is is there a version that will not be free? if anyone was willing to pay for -- >> think that is right. one of the elements of advertising on facebook is it is not in your face and so i think

the proposition to ask people to pay to get rid of ads is a tough one. we are so accustomed that not paying for facebook, it is probably going to be challenging. i think you raise a good point to say that if there are users that want to turn off all advertising and targeting, you are giving them an option to go do that. >> brownstone in new york, thank you for stopping by. coming up, weight watchers has seen a lot of success to its afghan digital strategy. on technology weekdays. this is bloomberg.

>> weight watchers stock has thanks to ay 60% partnership with oprah winfrey. >> every month, we sink with millions of devices. we have 1.7 million people monthly who are in our community platform and that if i our engagement is so significant. that is 260 million opportunities for engagement.

we are not just a program. the community aspect is so powerful which is why we are investing in all the assets to make that journey even as and using the data and the ai. the first thing they look at in the morning and before they go to bed. expanded its footprint in overseas market. the firm disclosed its financial that is expected to see the public financial offering. the cbs viacom merger could be getting closer. sherry redstone is willing to .ake concessions in the deal

long as he said from the border, it would set up jump to succeed the current ceo. and coming up, trade talks break down. we look at what went wrong and what went right. this is bloomberg. ♪

mark: here is her first world news, and ruth to the nra convention to dallas, president trump told reporters he didn't

trust the motives of robert miller's request for an interview. >> i have to fight will be treated fairly because everybody sees it now, and it is a pure witchhunt. why don't we have republicans looking also? republicanhaving people doing what all of these democrats are doing? it is very unfair. i would override my lawyers. the president's lawyers say they have concerns during extended questioning that robert mueller makeup president and committing perjury. international mediators gathered in france to and the end of a decades long campaign against spain that killed more than 850 people. mass civilians also participated and among those in attendance was gerry adams. the steps taken in recent days areyears and the process

examples of what is possible when people of goodwill and the ordination and ambition but lose hope and don't give up. mark: minister is promising to continue prosecuting militants. russia says international chemical weapons inspectors have finished the investigation in the syrian town that was the sight of a suspected chemical attack last month. the organization for the prohibition of chemical weapons is expected to issue a report. protesters used a slingshot to bring down an israeli drone in gaza today as demonstrations near the border with israel entered week number six. thousands of palestinians swarmed the area with some burning tires and throwing stones at israeli soldiers as they fight like bullets and fired tear gas. results from local elections in the u.k. showed opposition they were giving ground in some areas but the party is mabel the been

conservative strongholds in key parts of london. hawaiian officials say extremely high levels of sulfur just happened that in areas near the corruption of a volcano. residents were ordered to evacuate after the volcano begin spewing molten lava. 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. "bloomberg technology" is next. ♪ ♪ emily: this is "bloomberg technology". levels of trade talks but an agreement to. keep on talking, and little else

the u.s. delegation led by steve mnuchin departed beijing amidst reports both sides reached a consensus on some issues while acknowledging major disagreements on others. that sparked a white for i.t. off takes from bloomberg television guest on friday. >> the demand is quite high. >> it is a difficult task. tweets trump what some able win? .2 andconversations abrasive agenda -- conversations lead to an abrasive agenda. >> we could get a positive outcome if you can get a few small wins in return. i would expect this would be more negative in the next two months. emily: joining me to discuss further is isaac stone fish, and

sarah mcgregor with its u.s. economic coverage. beginning, at the where did they make some agreement? the only agreement we know about now, and we haven't had official briefings are press taylor specifically. the parties agreed that will continue dialogue. that is what we know right now. what was exposed from these meetings is how gaping and yachting differences are with what the u.s. sees as needed to change the relationship with china wants. the disposition by the u.s. is going to go over demand and. have these talks and see what it could get from china. what became clear is china also has request that it wants from the u.s. and visited the relationship is perfect either. we are presented with a long list of demands.

trump is single-minded on the idea of reducing the trade deficit and that was the top line request from the u.s. emily: there is a yachting difference going on for many years now. which of these demands are resembled and unreasonable on both sides? thec: it is reasonable for united states to want china to be less protectionist economy and to want china to stop with the state-sponsored hacking of commercial secrets. a lot of differences stem from the idea that many in china have that their country is still a developing nation and deserves to be more protectionist in a developed nation. the idea a lot of people in america have is that china is the world's second-largest economy and greatly comforted in a lot of areas of global trade and economics and deserves to be treated as such. obviously to have said that are going to continue talking.

is it realistic to think they are going to find a more common ground with the trump and restriction -- trump administration? bloomberg got a hold of the list of demands and how big they were -- because we didn't know what the objective was going over there, it was in public announced previous to the delegation leaving. we didn't know if they come back with business deals and say, the deal is done and everything is back on track. extremegiven the very hard-line demands, are going to see what could be a protected and tough negotiation. if nafta is a guy, some analysts have said u.s. has make hartline demands on nafta and are softening, and as it stands right now coming to this anything to exacerbate tensions than cool them. talk about tech companies in particular, talk about apple

because the parts are manufactured in china. doesn't have chinese companies concerned about selling their products in the united states. isaac: i do think there is a way to spin what happened as good for tech companies in the u.s. or in china. especially american tech companies in china will face real concerns about privacy and the sanctity of their information and the need to censor and be in the chinese market. these trade tensions increased suspicion on the chinese sentiment in record companies are going to make it more difficult for american tech companies to find a good foothold in china. history doesn't always rebuke itself, as we have seen with north korea -- history doesn't always repeat it self as we have seen with north korea. have realistic is it the think they ever will? isaac: if there is a way for the

rest position in a way that it is not china giving and to some of these demands by a compromise that beijing is able to sell domestically. this idea of reducing the trade deficit, if it is packaged on both the american and chinese site as a way for beijing to move its economy away from one relying on exports and towards the light on domestic consumption, which economists is a great way for china to go as well, and many chinese reformers in the party did so as well. it will be importantly for that to happen to lower the trade deficit then if china yields to the u.s.. the other thing is a packages securityother national desires and is willing to yield on some of those in exchange for trade, than beijing might decide to yield. emily: in what context will talks continue and what is next? sarah: to delegation led by

steven mnuchin might still be in the air, where not 100% sure if they have landed yet or not, that they are going to give trump a briefing at the white house said today that trump will take decisions from their. expect to get more of a we got from the administration, and it is quite third that the trump campaign promises of crating jobs and growing the economy, part of that is manufacturing, but that is a old-fashioned view and i think the u.s. sees itself very much in a race with china on the tech side. this is an issue that isn't going to go away or be sought in the next day or two. i am interesting in how this plays out and what company reactions are in silicon valley, and what happens on the ground for them and businesses that do have a relationship on the chinese market. emily: sarah mcgregor and isaac stone of the asia society, thank you both.

global is taking a step to increase transparency across political apps, and google will require revocation for anyone who wants to buy ads in confirmation the buyer is a u.s. citizen or awful permanent resident. the company said ads must that disclosures and release a transpersonal report focused on election at this summer and a searchable library of google-based election ads. ceong up, we speak to the of carbon black on their public debut. ouron the we can bring you best interviews from the weekend, including highlights from our conversations at the milken conference in a late in their conversation with microsoft chair. to then this sunday for the best of bloomberg technology. this is bloomberg. ♪

emily: the nasdaq welcome a new member and shares rose 20% above price and bloomberg is reporter alex barinka caught up with patrick morley to get his thoughts on their debut. patrick: price and bloomberg is reporter alex carbon black ia cybersecurity leader and where to something a pick market right now, a $19 billion market. what we're focused on is miggy

sure we get our company name and bent out there. will be spending some of those dollars on sales and marketing and beneath the company out the international markets as well. space.rsecurity is a big you are a cloud-based company. break what exactly do you do for your customer? think of carbon black as a company that helps organizations protect devices. laptops, servers, data centers. we help them. the fundamental belief is that tohave data, the company collect the richest set of data and analyze that data is best positioned to be able to help companies see and stop hackers across the globe. alix: when you think about the customer you are selling into, what comes to mind for your was employees use

laptops, tablets, work from home? are their and their devices you see your customers using these days that is opportunity for you to help them protect as they tried to keep all of their private data private? carbon black protects any device that runs a workload of some type. as the world changes and workers are mobile and network security cannot protect everyone, we're working from home some coffee shops and increasingly seeing new types of devices that are ip connected to the internet. the way up to protect those devices is fundamentally different. what you think as an endpoint device, we protect many nonstandard devices from control systems that run utilities, power plants, oil rigs, pipelines, point-of-sale systems, and a lot of nontraditional devices that fit

and transportation services like trains. that many devices out there across the globe. and helping organizations protect themselves from hackers. that it seems these days bad actors are getting more clever, hence the need for products like years. you have a threat analysis unit, are they new things on the mind of the chief security officers that they are trying to block and tackle? patrick: the big change we have seen in the last three or four years is leveraging its software to actually drive the attacks. most of us in the general public think about the tax as it attacks as a virus.

the attacks used software that is good, so the approach of trying to identify software as a virus or bank doesn't work anymore. carbon black brings a unique approach to helping protect those organizations. our core premise is that it is and carbonhe data, blacks ability to collect the richest set of data in the marketplace allows us to see and stop hackers, whether or not they are using viruses or using that software to run pack. of the popular trump's i hear in the tech world is a small security company cannot be standalone. obviously as the ceo of a smaller company, competitors like symantec and cisco, you disagree with that, what is your argument for being a standalone company and not high up with partners like vmware or ibm? patrick: carbon black has a

unique approach of how the district the marketplace and we partner with some great companies out there. that is part of our strategy, to with great anderson the marketplace. we are building a large standalone cybersecurity company and have over 900 employees globally. 3700 companies out there that depend on us and trust on us and who we work for every snow day to ensure safety. given the opportunity where after, we can build a very large company on our own. alix: where is the growth court to come from first? new customers are pushing further? patrick: it is both. acquiring new customers both domestically and canada and increasingly the international market is a big focus for carbon black. we also have the opportunity to offer them more services on top of the data we collect, going back to our customers and selling them more services to

help keep them safe. dose carbon black ceo patrick morley speaking to alex barinka. disney and marvels blockbuster adventures infinity ward is on track to become the fastest from across the billion dollar mark in the box office and finish thursday with a worldwide total including 308, million dollars in north america is expected to hit the milestone this week. when it does, it beats out star wars, another disney production, for the top spot. shares an apple all-time high text to warren buffett and white the investor up his investment in the iphone maker. next. this is bloomberg. ♪

emily: and apple executive will be? welcome lawyers over plains of dollars of patents and listen fees, not friday a federal judge ordered him to be deposed granting qualcomm request and turning on apple's arguments against the move. the heart of this enough is how much welcome can charge for makers these its patents. qualcomm images the chipmaker of trying to monopolize the industry. apple shares hit a record of the warren buffett puts msnbc you bought additional shares of the iphone maker in the first order. the purchase cost between $11 billion and $14 billion and that's to the almost when in 70 million shares berkshire hathaway owns at the end of 2017. apple was already buffets biggest shareholder at the time. joined us with marcus mark gurman who covers all things apple. your take? vote of confidence from

what the world's most renowned investors with his past dealings with berkshire hathaway. the buffet name is a strong name and when you hear buffett is andsting in something that's confidence from other investors and that is why had at a significant impact on the market. emily: but it is a make the best decisions come if you look at ibm, which he subsequently sold off. tothink apple can continue defy the odds the smartphone market? mark: the smartphone market is not only slowing but contracting. i don't think apple will see a decline in smartphone sales. consumers will always have a device they will carry with them. i think the shape and form will change over time and rethink that is the apple watch, that so far that hasn't been a runaway hit like the iphone is that selling an iphone like quantities and doesn't have to yet. at the point the smartphone

market windows and stop scoring to will have to be something to add the apples growth. across apple's history to have had a big growth product. they: they are on track for trillion dollar market cap, how long until they get their? re? after this presently positive earnings results on tuesday, a lot of people think is going to happen sooner than later in the latest estimate i've seen is time this year, probably by the fall. but that changes rapidly and if you look at the ticker, you can see the market cap can shift from the height 800s to the loan and hundreds. on hiswhat is your take case against qualcomm? mark: apple is saying there is no reason all companies to depose their senior executive in charge of cloud services. he was a close confidant of

steve jobs and now tim cook, and envision what was people don't know and running apple music, he is apple's chief negotiator and he has been roped into a very important deal over apple's history, and one of them is the iphone deal with siegler at the time and no at&t, negotiating the exclusive at the agreement i can to seven when the first iphone launched. for that reason, qualcomm once in to be deposed. emily: that is going way back. mark: he has been there for a well and being that the negotiator on these carrier deals involves qualcomm as qualcomm makes the chips perform networks. emily: mark gurman, and do for weighing in. that does it for bloomberg week,logy, coming up next uber is hosting a business of equality summit will bring together business, academic, and political leaders and activists to talk about the future of equality and how we get there and what is at stake for the economy and society at large.

catch all the conversations all day long on bloomberg television and radio. it reminded we likes twitter, check us out weekdays. that is all for now. have a wonderful weekend. this is bloomberg. ♪ retail.

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david: you actually started out, you wanted to be an actor. leslie: i was sort of a mediocre actor. i was also tending bar more than i was acting during those years. david: so what was your skill set, the scripts or the talent or both? leslie: we had the hottest comedy and the hottest drama in the world on television on nbc. david: companies like netflix and and apple and facebook and amazon, they're in the streaming business. leslie: money alone doesn't lead to good programming. it is tough. we're competing with companies a that could eat use alive. david: when "survivor" came, that was an unusual show at the