♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." bullish sentiment is growing around bitcoin as the price hold a key level. our investors shaking off worries about safety and regulation? peter teel looks at china for investments as escalating tensions between the world's largest economies. we will bring you where he will expand his portfolio. cloudflair is preventing hackers

in interfering in upcoming elections. we will speak with the ceo. to our top story, 2018 was a rough start for bitcoin and other cryptocurrencies, but they have been experiencing a rebound as of late. they passed the $7,500 mark for the first time in a month. prior, a sector wide selloff had erased $42 billion from its market values. the rise comes at a time questions still remain about the safety of digital assets and blooming regulations. joining us to discuss, i want to welcome the ceo, peter smith, and we have caroline hyde. >> we've seen a lot of rapid increases and very rapid decreases over the years. then a slow consolidation of the market. i think we see another slow consolidation now and we are likely to see a very moderate or

positive price consolidation over the market. emily: what will make the difference? >> there's a lot of different types of order flow. rather than retail, there is institutional. as the institutional increases with the rollout of new products, you will see more of a level often consolidation in the market. emily: caroline, you talked to a lot of investors. do you think make think we can hit bottom? caroline: a very notable vc investor is world in the digital currency is saying we have hit a bottom. the bears have run out of that going to sell. in the last week he has been acting out with his own money and many think this could consolidate to a much higher price. we had another billionaire think this could go to $40,000.

caroline: we could also see a selloff. i'm looking at bitcoin in particular as the biggest crypto asset out there. it is currently up about 18% on the week if you look at a gtb chart for that. it is one of the only ones holding on to its gains for the week. if you look at ethereum, there is a selloff to certain extent. there's a ripple coming back down off of the high we saw earlier in the week. volatility is likely to still be there. they are saying the current bull run may give way to a $5,000 downturn, but in the long term, we are heading higher. earlier in the week. emily: peter, what is the trading volume you are seeing in new account activity if you will? peter: i think you are seeing pretty slow retail markets. you are seeing a big uptick in the institutional market. that is a lot of the reason my bitcoin is outperforming. institution coming into the crypto market is going to perform well. a lot of that has to do with infrastructure you have to build to enable some of these

institutions to come to the market. emily: you have been adding new services. how are they working and where do you see them expanding? peter: we see them expanding into the institutional market of the u.s.. the big focus is bringing institutional grade products into the u.s. market. this is a long cycle. while there is a lot of talk about it now, i do not think we will see the full effect until may 2019. emily: what is the risk? we were talking about crypto yesterday and there is a lot of concern, especially if you overstate your insurance. there is still a lot of risk involved. peter: i think it will maintain a small part of people's portfolio. that said, the crypto market is small. the crypto market, even bitcoin itself is still a pretty niche market. emily: caroline, there is so much hype about crypto assets

and the underlying technology. now, we talk about the rise in the enterprise value of these assets. talk about that. caroline: i think it was notable in ibm's earnings for example this week, they were talking up what to they offer in terms of blockchain, offering enterprises in the banking industry specifically and abilities to build a private blockchain. they say we are doing its more than anyone else. it is still a tiny portion of the revenue but they are trying to talk up this part of the business. we are also starting to hear from other key players in the crypto space. it's interesting given the company's name hyper ledge, they are seeing diamonds being tracked by blockchain, finance is being asked and buy of consortium of banks who have done real trades and sort of trade finance across the border. interestingly, they are checking the supply chain of marijuana.

clearly, this is starting to be the underlying technology working, not just the crypto assets everyone wants to talk about. emily: peter, you brought in a new head of security. what trends are you seeing an attempted hacks on your system than others? peter: we are basically under constant perpetual attack. we have been for years. for us it is important to have someone internally world-class to build the team and function over the next few years. emily: does that keep you up at night? peter: i learned to sleep a few years ago. but yeah, it is a huge part of the business and budget. emily: talk to us about the kinds of attacks you are seeing. what are they after? peter: the kind of attacks i can talk about is we see everything from the dos attacks, attacks from state level actors, attacks from phishing against our user bases. operational security requirements, there is really no end to the security vectors.

emily: are there any particular state actors like russia that might be more active than others? peter: it is not usually the ones people guess. that is something we will have to be a little tightlipped about. emily: i'm glad you're getting some sleep. peter, ceo of blockchain, thank you very much. as well as our own caroline hyde in london. a story you're watching, microsoft's cloud services beat estimates for profit and revenue during the fourth quarter. sales of their cloud service rose 89% while office 365 revenue jumped 38%. the result caused shares to hit a record high as microsoft continues to cut into amazon's cloud business. stuck banks face a claimant china's ai industry. will they make their 2030 goal to become the world leader in artificial intelligence? this is bloomberg. ♪

emily: trade disputes continued to escalate between the u.s. and china, china still may be on its way to becoming the world leader in ai in the next few decades. one vision fund is looking to invest $1 billion in the chinese a are startups with core technologies aimed at improving their surveillance systems in a push into autonomous cars. here to discuss further, we are joined by david kirkpatrick and

selina wang. selena, this is the most valuable startup in the world. what did they do? >> this company is part of china's master surveillance plan. they offer a lot of services to the government. in some provinces, they are able to look at some of the camera feeds and identify people in criminal investigation. according to our sources, softbank is highly interested in investing $1 billion into this company which has already raised more than $1 billion from backers like alibaba, qualcomm, and the silver lake. a are in no desperate need for capital. it fits perfectly into masayoshi son plan much yoshi -- masa yoshi's plan. it is well on his way to becoming increasingly more influential in china and is already the most valuable private ai company.

emily: david, you believe that chinese artificial intelligence could develop faster than anywhere else. what makes you say that? david: it is all about scale. china is the world's most populous country. basically, the way ai will get better among other things is by applying the largest possible data sense to its development. china, almost by definition, will have the largest data set in every category. when you look at core ai technology, right now, the u.s. and china are maybe of equivalent, a be the uso was -- maybe the u.s. is a little ahead, but when you look at the scale of the data they have to work with, it is likely they will have fundamental advantages.

emily: what is the view of the vision fund in china? selina: it is a pretty controversial fund, especially in the united states. it is sort of the vulture coming sweeping in offering seemingly limitless amount of capital. they are huge competitors to some of the later stage firms that are used to being last check in the funds. in china, it is seen as the third nonbiased option. if you are a startup in china and want to grow, gets capital from alibaba or tencent, perhaps you do not want to be tied to one of the ecosystems, softbank is a great reputable third-party firm that you can get capital from. and especially in china, as david was saying, with such a huge population and consumer market, these companies can absorb the amount of capital that softbank wants to put in. emily: david, what is your view given trade tensions and pressure ratceting up?

david: it's interesting to see a company like walk-on being in the same company. there is cognitive dissonance in the way between trade and tech. there is more interest in chinese technology because of just the reasons i said before and the quality of chinese engineering. at the same time, we are very angry about their tariffs and about a lot of issues that center more around old economy issues because, frankly, that is what our government seems to focus on for the most part. i do not think our government and president trump is totally ignorant about what is happening with tact. when they talk about the trade issues and national competitive issues, it sounds like they are talking about an economy of 25 years ago. emily: we're looking at president trump shaking hands with masayoshi son. selena, you have a story about peter teal possibly exploring

investments in china which is a huge 184 him because he has been very disparaging of chinese technology and the startup community. what do we know? selina: the context of this is you have a trump ally seeking to do more investments in chinese startups as the president is waging this trade war and escalating political tensions. it is no surprise that peter has interest in investing in china. he like other firms want a piece of that massive opportunity, the massive growth in china. we are seeing a lot more exits. multiple unicorn stars created every year. he has made a complete 180. a few years ago, he wrote that the easiest way for china to grow is to relentlessly copy what is working in the west. according to our sources, he has changed his perspective and decided there are a lot of new innovations in china and that

two of the top 20 largest tech companies were in china and now today they -- there are nine. he wants a piece of that. emily: any about-face from peter teal is fascinating -- theil is a a fascinating take -- a fascinating take. david: it is not only the data advantages weeks played before but chinese government is way more supportive of domestic technology than our government is worried they give a lot of fundamental advantages to it -- is. they give a lot of fundamental advantages to it. there will be tremendous gains from investing in chinese tech companies. it is a spectacularly thick with opportunity right now. david kirkpatrick, you will be with us later in the show and selina wang, great reporting. emily: what are the next

breakthroughs in the biotech sector, we talk to skip westman. bloomberg tech's live on twitter, you can check us out @technology and be sure to follow our news network tictoc on twitter. this is bloomberg. ♪

emily: biotech has been a volatile industry for investors. for every win there is a possible huge loss. in the last few weeks, there has been a surge of biotech with fresh capital rushing in. here to discuss is a partner at asset management firms. it seems like biotech is the hot thing right now. is this real? >> i think we see a lot of

interest from the biotech market. pharmaceutical company and biotech firms do not have a strong pipeline and that also leads to startups in early entrance with the ability to raise capital on the public market. emily: where do you see potential now? what are the hot technologies? >> to be clear, i was not the investor in 1980, but our founding partner and firm was. we are seeing interesting opportunities in the digital health arena. we're looking at amino oncology and other areas. emily: is that curing cancer? >> that is definitely the pipe dream. it's acting cancer early as one and trying to have some therapeutic second curate. emily: how has the competition and landscape change with more consumer tech venture capital firms getting into the biotech aim -- game? skip: horowitz did a nice job in their investments. it is tricky because the health

care ecosystem is extremely complex, and if you have not taken the time to understand how it works, it can be daunting. people can make mistakes early. emily: you they get it? skip: think many don't. for health care firms, it is helpful to have a tech background to understand ai, data, mobile, that is very useful. emily: has the explosion impacted your job at all? are you doing anything differently? skip: not really. we focus on data and want to see outcomes data, results, and i think they are not the very transparent company. we want to see the clinical data. emily: a kind of team do you have behind the scenes to make

sure you are making the right decisions? skip: one of my teammate has a phd from stanford and another is a founder of a therapeutics company is also a cardiologist. emily: where you see the volatility being an endemic part of investing in technology? is that continuing? skip: i think it has been volatile for a while. the last two years have been pretty hot. we are seeing a lot of pharmaceutical companies interested in the sectors identified. emily: what is overhyped? skip: there's always a lot of overhyped in the general markets. for me, i'm looking so early now and more in the digital intervention sector, i think there is a lot of frothiness. we see some companies getting a little too much too early. emily: what kinds of companies are you most excited about? skip: for me, what we can do in cancer is one area we just touched on. cancer detection is fascinating. everybody has been affected by

cancer at some level. if you can detected early, you can really help outcomes improve significantly. we are invested in the company called free gnome. what they do is look at a blood sample and analyze specific parts of the blood to see what in sponsors are not necessarily intuitive. these ai to look for patterns in the blood to detect cancer at stage one. emily: are you looking get patients who might have cancer or anyone? skip: the idea is to do an inexpensive blood draw. emily: is that something everyone would do? skip: i think it will be based on conditions we already look at today. family history, age, etc. we are hopeful we can detect multi-cancer aspects. emily: there's concern that the cancer field could be overhyped. skip: curing cancer is a whole different ballgame. it is a tricky place. the great thing about it and --

once you trigger the immune system to turn on, they can fight the tumors but also fight healthy organs. emily: what about gene editing? tell me more about where you see real potential there. skip: gene editing is a pretty early sector. we invested in a couple of companies in the public market. they target orphan diseases and have four or five areas that they are going after. they are curing certain types of genetic diseases that can be fatal. emily: curing in babies yet to be born? skip: know this is children or adults. emily: what will be possible in 10 years that is not today? you are on the front edges of this.

skip: i think detecting cancer early, and we are seeing the digital world beginning to intersect with health care. we take these behavioral signals we get an external signatures, and are able to influence chronic illnesses. asthma, diabetes, and it could be behavioral problems like depression or opioid addiction. we think we can take digital data and improve people's lives long-term. emily: do we need better regulation? skip: cerinos. emily: or just in general? skip: i think it is in the tech sector where we see some of this and a little bit of overhyped delivering long-term. emily: skip fleshman, thank you for stopping by. facebook's what's app payment services rolled out in india and

was stalled after how the data of the people will be stored. it's beta trial drew most one million people since february. a delay could help alibaba back a mogul -- a local market leader. the warnings are picking up in the public and private sector. hackers attempting to interfere once again in a 2018 midterm election. we will speak to the ceo of cloud player about what they are doing to prevent breaches, next. this is bloomberg. ♪ retail.

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emily: this is "bloomberg technology." deputy attorney general rod rosenstein spoke at the aspen security forum in colorado and continued to warn that the u.s. faces cyber attacks from russia and beyond. >> advancing technology will allow adversaries to create propaganda in new and unpredictable ways. exposing schemes to the public is an important way to neutralize them. the american people have a right to know if foreign governments are targeting them with propaganda. emily: meantime, cyber security firm cloudflare is offering a free service called the atheneum project leading up to the election.

we are joined by the ceo. how does your technology work? mr. prince: big companies pay us billions of dollars to help protect their networks, and our entire company, which was started in the united states, watched as we saw technology being used to undermine democracy in the united states. we thought -- is there something we can do to help protect what is actually a fairly vulnerable institution, which are the individuals charged around the country with ensuring that elections go off smoothly and that you can trust in their results. emily: how does the atheneum project actually work? mr. prince: it takes services we would sell to large financial institutions and says we will offer that for free to any government or institution helping protect democracy and ensure elections within the united states, so it helps

protect against things like denial of service attacks, hacking attempts, different ways that hackers and other people trying to disrupt elections might try to steal data or influence the outcome of those elections. emily: we are hearing from microsoft and others saying that they are already seeing signs that russia is hacking our midterms already. are you seeing that? mr. prince: we are seeing attacks. we are not focused on attribution. as we find more evidence of the attacks through the molar investigation and others, we find we have seen similar attacks in other states protected by the atheneum project. what is challenging is there has always been a sense that u.s. democracy was something that was very stable and that you really could not influence. unfortunately, since the 2016 election, a little bit of the bloom is off that rose, so more and more entities, if those are

foreign or domestic, are looking at ways to use disrupting elections in order to undermine the u.s.'s core democratic principles. emily: i want to unpack that a little bit. during the break, we talked about how the u.s. historically has not been a target of election hacks while other countries have. what are the trends you have seen over the last decade? mr. prince: cloudflare has been protecting candidates for years. in the developing world, cyberattacks were a big part of elections were back to 2014, we were involved in mexican presidential elections, and you saw major attacks on both sides. it is pure speculation on my part, but part of that was in parts of the world where democracy is newer, if you could undercut those institutions, then it could call into question the results of whatever the election was and make it harder for the winner to actually govern.

in the u.s., there was a perception that democracy was really stable, so there was less cyber attacks to try to target those institutions. unfortunately, since 2016, there is more of a perception that you can influence elections by undercutting the infrastructure that provides them, so we have seen a dramatic rise in attacks in the united states, where the u.s. is kind of caught up with a lot of the rest of the world. emily: if it is not just the russians, who else is it? mr. prince: it could be anyone. he could be a kid in a basement in ohio who wants to get their name in the newspaper. it could be foreign actors trying to influence the election. what is interesting is what we can see is less that it is about influencing the outcome in one direction or another but instead undercutting the process is itself. for instance, we see a lot of attacks on voter registration sites. why that is insidious is because if you can stop people from

being able to vote, that means whoever loses the election can say the election did not have legitimacy, and that makes it harder for the candidate that did win to be able to govern going forward. what we think with the atheneum project at cloudflare is how can we help protect those critical pieces of infrastructure to make sure democracy has legitimacy. emily: do you see any spike in activity as a result of president trump's lack of admission, or any trends that coincide with the news cycle and what comes out of the president's mouth, what comes across in a tweet, or from the white house? mr. prince: what i would correlate trends to is the higher profile and election is, the more you see attacks targeting it. when there was a special senate election in alabama, we helped for checked the infrastructure and that was a very high-profile election, and saw a significantly higher amount of targeting, so i think as there

is more attention on midterm elections, that will drive more and more targeted attacks by hackers around the world. emily: you are working with alabama, hawaii, idaho, north carolina, and more. it's progress, but it is probably a drop in the bucket compared to what needs to be done. is our system ready? mr. prince: there are 8500 different jurisdictions that manage elections. elections are a very local business in this country, and what has happened, we are working with about 70 of them around the world, which, as you said, is a drop in the bucket, but it has been powerful to talk with those individuals managing elections. they span the political spectrum from deep red states to deep blue states, but across the board, these are heroes. these are people that are real patriots, and when you talk to them, it feels like them against

the entire russian cyber defense. we have been proud as a company when we help support those individuals across the partisan divide when we say let's make sure those elections have integrity. emily: what are the hackers actually trying to do? we talked about sowing discord, but everyone has stopped short of saying hackers are trying to change results. when it comes to hacking these systems, what are the hackers accomplishing? mr. prince: you don't actually have to change results in order to have an effect. if you make people believe less than the process, believe less in democracy itself, then that undercuts whoever wins the election, so if you are a foreign entity, and you are trying to make it harder for people to govern, you make it harder for someone to figure out how to vote, to do with her polling place is, to trust that

the results are the actual results, that undercuts them accuracy itself, and that is where we see a lot of the attacks seeming to target. you don't have to change the results to actually have a really corrosive effect on how we govern this country. emily: a return to completely paper ballots would not be healthier? mr. prince: the challenge is can target things beyond what happens in the voting booth to create discord. you used to look in a newspaper to figure out where your polling place was. now you look online. if you look online and cannot figure out where your polling place is, then that undermines the integrity. we don't do much to help protect what goes on in that voting booth, but we do think that we can help states and local governments protect all of the rest of the infrastructure that has to exist. emily: you have the atheneum project.

federal authorities are working on our kidding money to these different jurisdictions, but in your view, how much better prepared will u.s. election systems be than they were in 2016, or will the threat be even bigger? mr. prince: there will be more preparation and we are doing our part donating these services pro bono to any state or local officials around the world, and we have worked with -- again, across the political spectrum, and i hope we will be able to do that more. what i actually really hope is that other technology companies -- there has been a lot of news about technology companies being used to undermine democracy, but i hope this is an inspiration for technologies to say we built this institution, we build these businesses that turn into incredibly successful businesses on a foundation of a stable country and a stable democracy,

so we have actually a patriotic duty to stand up and help protect the democracy. i think organizations will be better prepared than they ever have been before, but unfortunately, i think the risk is a lot higher than it has been before. emily: thank you so much for stopping by. coming up, free speech on facebook. does the social media site protect holocaust deniers? we will talk about mark zuckerberg's clarification on previous statements. and president trump's 2016 campaign manager about what he blames for election disruption. tune in this saturday for that bloomberg exclusive. ♪

emily: continuing with a look at tech's effects on elections, the company crimson hexagon has ties to u.s. agencies as well as a russian nonprofit with ties to the kremlin. facebook says it is investigating to see if crimson hexagon has violated any of its policies. back with me to discuss this and other headlines from techonomy, david kirkpatrick. this is fascinating. crimson hexagon is a company that works with a lot of different companies out there. what do you make up the fact that this is something facebook is continuing to fight and that they only suspended crimson hexagon after an inquiry from "the wall street journal" -- what do you make of the fact? david: you hit the piece that most concerns me at the end of

the question. i wrote a piece about my concerns about the things that did not come up in zuckerberg's interview this week, and one of them is how much they are willing to spend to solve these problems. if they are waiting for the press to turn up to solve these issues they need to address, we're not going to a dress all the issues. that was also addressed in a statement they made this week about how they are going to do this new experimental social order application that they're going to test in sri lanka and myanmar. those are the two that "the new york times" has written about that disaster is happening because of facebook. there's plenty of other countries. they are really just sort of putting out fires that are set by people like us rather than spending some of their 20 plus million in profits this year alone to get ahead of this

stuff. emily: cambridge analytica was also raised by the media. do you think this is something they can even get a handle on internally? when they talk about they don't know what crimson hexagon's relationships with the governments are, they don't know what any of the relationships the companies have with other organizations. mr. kirkpatrick: this is a company with revenues of $55 billion a year. why don't they start doing this work for us? instead of waiting for anybody to turn up. there are tons of these problems. they believe if they sit around waiting for the press to write about them, they will be writing about new ones every week. they clearly have not been imposing sufficient governance on their company, and i agree, they have gotten themselves into a serious pickle because they basically expanded into all

these geographies with a system that basically was not well governed, and that is on them, and they need to fix it. it's not going to be cheap or simple or easy to fix, and in my opinion, investors that keep bidding up its stock need to think about that. emily: the most talked about statement, what zuckerberg had to say about holocaust deniers in his interview. he used that to talk about how he does not make him feel very good, especially as a jewish american, but he will not be the decider of if that stays and goes. people are up in arms about this. he clarified, but the policy has not changed. mr. kirkpatrick i wrote in an article their whole set of guidelines are very muddled, very hard for people to know what is and is not allowed, hard for people to know how they

enforce the rules they do have. they seem to change them quickly. it also is indicative of zuckerberg's inability to really be explaining himself very quickly. he brought up that holocaust denial thing himself. he was not even asked about it. talk about shooting yourself in the foot. facebook is massively profitable because advertisers have no choice. wonderful things about facebook, it allows all kinds of great things for the world, but it has serious problems that need better management and governance and they are not stepping up sufficiently, and i think that came through in that interview as well. emily: i had a fascinating conversation with president trump's campaign manager who ran the digital campaign for then candidate trump. he talked about how it would have been really tough to win the election without facebook and then talked about how he believes companies like facebook

and twitter are still biased in the opposite election. take a listen to what brad par scale told me. >> it is up to me to be a leader in the party and some in our campaign to make sure those companies are held accountable, that they do everything they can to try to kill those biases and provide an even playing field in the country. emily: he is saying that if facebook and twitter have internal biases, which is so ironic given in the same breath he says facebook helped them win the election, how does facebook figure this out? in a way, it is a tech company, but also a media company. mr. kirkpatrick: how they figure these things out is a consultative question we all need to be helping them with. they need to create a global discussion event to bring in experts. there are so many things they need to do. as somebody who has been

studying facebook closely for 12 years, i absolutely and wholeheartedly reject the notion there is any intrinsic fundamental bias. it is just opportunism for right-wingers to say that and just plain not true. everyone thinks facebook is biased against them, and if that were true, why would facebook be contributing to the election of right-wing candidates all over the world and our country? it just does not follow. everybody thinks facebook is biased because it is a complicated system that is hard to understand, but it is not true. it is just opportunism that they say that. emily: ceo of techonomy, as always, giving it to us straight. thanks so much. another commercial space startup attempting to make affordable launch services. we will have that next. this is bloomberg. ♪

emily: peter beck is the real-life rocket man. he loves rockets so much that he started rocket lab, a space startup specializing in lightweight commercial launch services. his goal, to make launching into space as common as picking up your mail, and he's making progress. >> i think i'm the only non-billionaire that's doing this. you got richard branson, you've got elon. how is it that a guy from the bottom of new zealand that was once called by mick jagger as the bunghole of the planet can launch into space -- how crazy is that? the sheer challenge of the engineering, the problems you have to solve gets me going.

>> so much so that he started rocket labs, a small startup, often living in the shadow of bigger companies, but peter's mission is a little closer to home than mars. with rocket labs, peter aims to make launching rockets into orbit as common as picking up your mail. >> the most important ring that can be done in space right now is to make space a domain that everybody can access. we start on day one with an absolute clean sheet, and we wrote it of requirements. that is must be launched really, really frugally and must be affordable. the most important thing is getting to orbit like a freight train. getting to orbit so frugally that you can use space as a domain to build commercial infrastructure. things like putting engineers in space. that's truly game changing for developing countries.

>> peter always knew he would do this one day, even with his guidance counselor disagreed. >> my parents were called into the school. my counselor said my aspirations for a career were outlandish and that i should pursue a career in plumbing because i was good with my hands. >> peter ignored their advice and instead built this, a rocket bike. >> it's an amazing feeling, ever-increasing acceleration so where you point is where you go. two decades later, peter has a staff of over 200 and rocket labs is over five launches away from being in the black. >> we are trying to launch this year. >> rocket labs' secret --

innovation. they were the first to replace aluminum with lighter materials like carbon fiber. >> we started 3-d printing engines when people were making bottle openers and cats prosthetics. nowadays, if you look at all the space come in is, there will printing their rocket engines. >> and i have one more secret -- location. >> the great thing about new zealand is it was a small island nation in the middle of nowhere. it has more launch availability than america does as a country. the biggest thing to be done in space, nobody has had access to the domain to be able to experiment and innovate. we're just getting started. we can get to that point where launch is that commonplace, then they are that interesting in that frequent and the world we all live in is differently critical in a different place.

emily: that was the latest episode of game changers. you can check out the full series at bloomberg.com. that does it for this edition of "bloomberg technology." we will have full analysis of tech earnings next week. happy friday. we will see you next week. that's all for now. this is bloomberg. ♪

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