line emily: -- emily: welcome to bloomberg technology. tesla is setting to hit a higher target for the model 3. the company managed to burn through $740 million last quarter. must's weeks out.

analystsush back on questioning his execution? best firststs its and second quarter ever. speak with mike sievert. first, tesla shares surging missednalysts shares estimates that beat expectations. elon musk is setting himself more targets. maybe that tent is doing the trick. max, i will start with you. the headline here seems to be these words about sustainable profitability and cash flow

positive. is it possible? in the question is when will they make investments on these future audits? elon musk as talked about an suv, a pickup truck, a semi-, a chinese factory. those will cost a huge amount of money. but the big expenses will not come until next year. maybe he will be able to swing it. the other big headline for me as the production numbers. we knew they had made 5000 in one week. but tesla indicating they hit this number multiple weeks and they expect to get the 6000 next week, at the end of this month. if they are able to do that, that would be impressive and go a long way to addressing investor concerns.

emily: humans seem to be making the cars faster than the robots believe the 6000 car a week target at this right? >> i think it could be reachable. target isar a week now reachable, which does change everything. there is a huge backlog of demand for the car. a lot of people would like to order the car but have concerns about getting the car. orders he could see more for the car and it does change the cash flow and the more cars in aduce, it puts them better position to negotiate with their vendors. emily: all of this as this trade war continues to escalate. we have new reporting that the trump administration is considering raising tariffs on $200 billion with the goods, from 10 to 25%.

thea has indicated that tariffs are hurting them in china, saying -- max, translate. max: china is an important market for electric cars generally. as a has been talking recently in the past couple of weeks or months about building a factory in china which could the huge for them. right now, it is not a huge part of the business. i do not think the tariff issue will impact them in a big way.

that said, any time a company or a prominent company is making investments in china and you have donald trump who is somewhat unpredictable, that can create uncertainty for investors. emily: this factory is also going to be really expensive, the new china factory. they say construction is expected to start in the next few quarters. ivan, is that a start -- smart move given all the difficulties in hitting these marks they set for themselves or is that their only choice? ivan: it's important they build one in china. at some point, they will be the largest car market in the world. they will also be the largest car market for electric vehicles because they have a goal of being fully electric by 2030. being fully electric by 2030. that is a huge opportunity for tesla. i think the majority of cars they are producing now are for sale in the u.s.. there is enough to manage in the u.s. -- enough demand in the u.s. to fill production run for a long time. emily: the cause 20 minutes away and elon is tweeting on s 20 minutes away

and elon is tweeting on unrelated texts. he has been apologetic in recent days four times where he admitted to crossing the line. do you think we will get a better deal on today? ivan: i would expect a happy worrier rather than the pug nation as we saw -- pugnatious guy we saw on the last call. it is affecting investor sentiment. my expectation is that he will take those things to heart. has also had an ok quarter so you figure he is probably in a better mood. the interesting thing about the company is that elon musk wears his heart on his sleeve to such an extent that people have a little more transparency into the results than with other companies. in the days leading up to this, the tweets were pretty normal. i think that suggests the normal results. i would expect that to continue

for the next hour or two. emily: on the last call, he called the analyst questions boneheaded and cut them off. i'm assuming you don't want to hear that, but would you want to hear? ivan: you want to hear that they are addressing the issues and that there would be clarity into future capital needs because that is a big concern and big level of uncertainty. i believe they will have to and should have to raise capital. they need money to raise the factory up in china. they will need money to produce the semitruck which also has a lot of potential. if he could add clarity to capital needs, i think the market and analyst will like that. i agree that he had a great quarter so his demeanor will be better. emily: we shall see.

max, we still have you for the hour, ivan, thank you for being with us. google is launching a censored version of its search engine that will block results that beijing considers sensitive. the company has been working on a project codenamed dragonfly since the spring of 2017. this will be an about-face from google when it refused to self censor content previously. one cloud provider disappointed investors with the third-quarter forecast. can it prevail as large customers like apple and amazon cut out the middleman? if you like bloomberg news, check us out on the radio, look -- listen to us on the bloomberg radio app, and in the u.s., sirius xm. this is bloomberg. ♪

emily: akamai is in the business for securing the cloud for its customers and the business took a hit after reporting second quarter's results falling as much as 70% on wednesday. this is after their forecast for the third-quarter missed expectations. i have the occam i ceo here with me in the studio. -- akamai ceo here with me in the studio. how do you think that's what you think analysts reacted this way? >> we actually raised guidance for the year and had a second -- good second quarter. q3 will be soft but the fourth quarter is looking strong and for the year, strong. profits are growing 34% year-over-year. it is hard to be disappointed there and the security business is booming. emily: so where do you think this is coming from?

you have a lot of cloud providers using their own delivery networks. >> churn was a record low for us. some of the cloud giants do deliver some of their own content, but our media business including those companies grew 8% in the quarter. a good performance with a bright future. emily: and what areas are you taking share? >> the leading analyst firms, gardner, all of them named us as a leader when it comes to stopping the dos attacks, web app firewalls. we are the largest provider there and that business is growing well over 30%. we are doing very well. we are gaining share in media. our traffic has -- the growth

rate of the traffic has accelerated four quarters in a row. that is well beyond the internet traffic as a whole. that is led by video for over the top and gaming. we are gaining share on the market there as well. emily: gaming is starting to explode and we see more original players getting into -- we see more players getting into original content. >> that is great for our business because more people are adding their hours online. higher-quality means more bits need to be delivered to see a better picture. that is the key reason why our traffic is growing rapidly and revenue is growing at a very good rate. emily: you highlighted m&a during the analyst day last month. where are you interested in making acquisitions? >> we are interested in a variety of issues. security is interesting for us because we are growing rapidly there. some of the valuations don't make sense.

we are working hard to improve our margins which means it is hard to buy a company because few companies have our margins. we are careful with what we buy, but we are actively looking in all areas of our business. emily: you are on the frontline and we have been talking a lot about cyber security and the threat from russia in particular to our elections. are you seeing anything in your network that is concerning? >> i think cybersecurity is concerning overall. your nationstates, very powerful ones engaging. organized crime, a lot of investment in cyber attack. this is a big deal. not just for the elections, but just across the board. we are doing a lot of developments at akamai. we've a product that is stopping fraud at banks and stopping people from taking over your bank account and draining your

funds. we're making progress and defending major enterprises on these attacks. emily: you're coming up on your anniversary. what is the next 20 years going to look like? >> it has been an amazing 20 years to see what has been done on the internet and what akamai has done. we're just at the beginning of what could happen on the internet. you look at blockchain and it could revolutionize the financial industry and how transactions are done. you look at the future for enterprise and how they manage security. we are entering an age of zero trust. the old ways of defending your enterprise, data, apps, and ploys, do not work anymore. emily: all right, we will see you again in 20 years if you're still here. >> we look forward to it. [laughter] emily: always great having you

here. up next, a product that might know your body better than you do. how the company is bringing 3-d scanning technology into the home. and we're standing by for tesla second-quarter earnings call which is said to be happening in just under 15 minutes. last quarter's call got rowdy. the stock is still up after hours. this is bloomberg. ♪

emily: it goes way beyond the normal scale. naked lives has made a 3-d -- labs has made a 3-d scanner that people can buy for their homes. it delivers things on your body like weight, height, bmi, measurements.

the company raised $14 million. in early uber and spacex investor joins us now. great to have you on the show. is this something you imagine someone would have in their homes like a scale or is this a more niche case? >> originally, the case would have it in your home. the person who cares a lot about personal fitness and so the price point is higher -- this >> when television's first started out, they were $23,000 for the five screen tv. eventually, we can drive the price down the scale. emily: how does the technology work? >> it has centers that do depth sensors that do depth

reading. when you stand on the scale and it turned around. in a minute, you get about what looks like a solar server image of yourself. you are able to see a 3-d model of yourself. emily: talk to me about the potential here, the kinds of information this can give you and how it might change your life or how you live it. >> i think we are scale of and we aresessed obsessed with numbers that do not ultimately matter for your health. if you get on a scale and you are five or 10 pounds heavier, but you are making dietary changes and working out of at the gym, do those changes matter? you can see what the life choices are doing to impact your body with of this. sometimes when you're working out, you're gaining weight. you might get discouraged by getting on the scale everyday.

emily: what about privacy issues, in light of the facebook data scandals, what companies know about us and if they are being honest and even know where our data has gone. >> naked labs takes it very seriously and that is why all the scandal don on a vice. emily: so it is stored there -- done on device. emily: so it is stored there? >> yes. emily: you joined founders fund a couple of years ago and you were an investor before that. what do you think are the big megatrends right now? >> i know what i am personally passionate about. i do not know that i follow the market and try to find the biggest trends, but i'm passionate about the future of entertainment. i've been doing a lot of investing in that area and turning over rocks. i don't know if you have heard about a virtual pop star who is a hologram. billions of people watch her. also, there is little michaela,

she is a virtual influencer. there are things am trying to look at and find out what is the next pokemon go. how are we going to interface with our phones, how is augmented reality going to affect us? there are things i'm really excited about. emily: you invested in uber, do you think scooters on the next thing? >> my personal opinion is no. i do think they are necessary for certain people. people are really happy about them and they are cost-effective and an affordable way to get around town. emily: i have to ask you about elon because you invested in spacex. does it concern you that he is running to companies, has a lot of side projects, tweeting all the time including now, this that concern you as an investor from an execution perspective? >> we are pretty bullish on the -- on elon. it is a lot to take on and i think he can show -- he has

shown that he can do it. i do not speak to him on a day-to-day basis so i do not know all of what he is doing. emily: what about bitcoin? it has been an unusual turn in the venture in general. do you think that -- are you still bullish and do you expect to make more investments they are given the volatility in price? i know everybody is excited about blockchain, but let's talk about value. >> as a team, we're still bullish. i'm personally also still bullish. i hold on for dear life. as for value, is extremely valuable. it is not the best way to transact, so i think there will be other different currencies better for that, but it is good for stored value. emily: a lot was talked about when peter teal backed donald

trump and how that impacted other than the fund. has that changed your experience or changed the way you guys do business interacting? >> i think it made us closer as a firm. mostly because we like to celebrate diversity of thought. not everybody there agrees with everyone. we have people who voted for bernie sanders and people that have voted for donald trump. we talk about a lot of things that have nothing to do with politics like the future of the world and exciting things we could be investing in. politics has little to do with what we invest in. if anything, i would think it would make us stronger because we got to know each other and collaborate more and we had to be pretty strong. emily: have things changed since he moved to l.a.? >> we see a more.

-- we see him more. his office was right next ours and he can walk over for an hour or so. now he comes in and is therefore a full day or two. we see him in the office more as a result of him being in l.a., which is great. emily: in san francisco, we see increasing anti-tech policies like bands on the scooters, limits on the commuter us is. buses.ommuter i saw you tweeting about the promise of a silicon valley in the midwest. why stay in san francisco at all? could you see the firm moving elsewhere or do you see, and if so, where? >> it is always possible and we are not discussing in now. i think we've started looking outside of silicon valley for other possibilities like the next company might not be in our backyard. we're looking at the midwest, asia, all over the place. we are no longer location specific. i think that -- we are not going to stop investing here and being here in the foreseeable future.

emily: you know i'm interested in diversity issues and you have spoken out on them yourself. what you think is missing from the conversation about diversity in silicon valley? >> diversity is often something you don't see and what is not on the outside. i identify as gender queer, and thank you for asking about my pronoun. i think that was very inclusive so thank you. when we are having these discussions, we don't understand about the neurological diversity. there are things like that like age diversity, these are things that i've don't think we are having a lot of conversations about that matter. thank you so much for keeping the conversation. emily: thanks coming up, more about has

a second-quarter results and the call minutes from now. we will discuss. this is bloomberg. ♪ retail.

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which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. emily: emily chang in san francisco. back to the top story at the moment. second-quarter results were not terrible. tesla lost three dollars per share. they knew it would be a tough quarter. tesla cash was lower than the expected $900 million. we can't ignore model reproduction as it is going and the right direction meeting and beating targets. production hit 5000 cars per week multiple times in july. musk predicts 6000 by august. now we are expecting musk to jump on. they want answers about profit. standing by to bring you all the

headlines from call. meantime, what are the headline take ways here? >> we are excited for the call. we are very much looking forward to more news about the china factory. they said china is one of the largest markets for a visa. it is also the largest for autonomous driving. we think that is the largest market opportunity ahead of tesla. we are looking forward to that. they could raise capital to support that. we are ok with that. we want them to get as many cars on the road to build their network. emily: this as trade tensions continue to rise between united states and china. in what direction they will go, we do not know. you have been diving into the numbers for the last hour or so, what else do you see that we are

not looking at? >> the big question for me that has not been answered yet, we will see what happened on the call is demand. we know that tesla, based on what they are saying, they haven't even tried to sell the cars and they are selling them well. we don't know what has happened with these hundreds of thousands of reservation holders. some analysts suggested the possibility there were lots of cancellations and tends -- and tesla has pushed back on that in the long run, that will be a big bigger question. how many people really want this car? famously, electric cars are a small percentage of the total auto market. tesla thinks that it will grow and there are a lot of reasons to think it will. it is unclear just how much and just how badly people want these things. emily: in fact, goldman put out a note saying they have seen interest decrease as availability and test drives have increased. the that concern you? tasha: i think there is more than enough demand out there for the car.

we are seeing that in the sales. model three sales outpaced all midsized and him sedans. -- premium sedans. we are not concerned on the demand side. we have seen great resell values of these vehicles. the model s sells for $75,000. for years later it is worth $45,000. that is $10,000 more than a comparable bmw. we think once they go autonomous you can make money off of them. we are not concerned from the demand side. emily: the bears are of course are out there. david einhorn shorting tesla, elon musk not so happy about and responded to a report from bloomberg's tictoc saying to einhorn, tragic. we will send him a box of short shorts to comfort him through this difficult time. as always, punchy.

max: this is the elon that investors want to see, because he is a happy warrior. he is punchy, but he is rolling with it. in that report, einhorn was complaining about the quality of his car and saying he was going to cancel his lease. the fact that musk is taking it is a joke, that will be seen as a good sign from investors. emily: musk has opened the call with a number of other tesla executives thanking them for their mind blowing performance over the last month. he confirms they have been doing 7000 total cars weekly into july. obviously, the numbers are moving in the right direction. do you think that is sustainable without that tent? tasha: i think tesla is working hard on that sustainability. i think they said they had 5000 multiple times or people are looking for that to be continuous. to take a step back, there is a

lot of undue focus on the production numbers. people are missing this long-term story that tesla is producing an unbelievable product that improves after you put it on the road. no other automaker is doing that right now. these cars improve overnight. they gain value after you acquire them as a customer. that is the tesla advantage. the software advantage. that is not going away anytime soon. they're able to attract such talent because they have the start figure elon musk. emily: as always, there are some strange stories happening on the sidelines. not the least of which is the story about margin trip, a former tesla employees that was supposedly disgruntled who allegedly came into a tesla call center with a weapon.

now there is no evidence that it happened. can you explain what is going on here? max: no. it is very hard to understand what is going on. the most important thing that is going on is that you have a potential or whistleblower lawsuit. this guy, martin tripp has alleged various misuse at the manufacture. the threat is strange because it came in the context of tesla trying to clamp down on leakers. it is hard to tell whether -- how seriously anyone took it, particularly because it doesn't appear the local police thought it was a real issue. emily: elon seems to take it seriously because didn't taking out the company about a threat? max: and it's hard to know there. he mentioned sabotage. you could imagine -- what is sabotage? it could be actually is taking a wrench in the gear or like

leaking to the press, which at the moment it seems like that is the most likely think that martin tripp actually did. he will say it is whistleblowing. it felt to me as an outsider, someone who followed the company, there are a lot of leaks coming out and they are trying to stop those. i don't know. i don't know how it will shake out. we will see. emily: on the call, elon saying it absence of force majore, they should produce and the third quarter. is that music to your ears? tasha: we have confidence in tesla. they have been working on the production line to stabilize things. we know they are increasing use of automation and tweaking that.

elon musk has said their main competitive advantage will be manufacturing. clearly, he is very focused on that. he is willing to sleep there to get it done. apart from that, we are really looking forward to tesla getting more cars on the road and acquiring the data advantage. i don't think enough people are talking about this. tesla is conducting it off of customer cars and it is using that to train the autonomous cars. it is a competitive vantage that is not highlighted enough. i look for updates on the autopilot program. emily: elon talking how they see the model three getting market share against premium sedans. we'll continue to listen to that next. know you will be back with highlights. thanks, so much for stopping by. still ahead, sprint and t-mobile may be getting closer to a deal. will it help them take on at&t and verizon?

coming up, we continue coverage of tesla second quarter results. this is bloomberg. ♪

emily: second-quarter results the call underway. abigail doolittle has been listening in and tries is now. give us the very latest. abigail: the ceo elon musk sounds very positive. if we take a look at the stock after hours, we see a big pop higher. lots of focus on the model three. they are on pace for 5000 of the model threes produced each week. if they get to 7000, that is where there was the sustained probability. avon saw her -- we even heard 10,000 per week. interestingly, he said that as they get more model three south there, there could be a viral force that the customers are the best salespeople.

he direct delivered a car to a customer on sunday and the customer had never even set in it. their goal is to get more of these in showrooms for test drives. right now, very orderly and upbeat conference call for tesla. emily: all right, abigail doolittle. thanks for breaking that down. t-mobile's second-quarter numbers are in and they are ahead of the wireless pack when it comes to adding new customers. they added one million subscribers in the quarter. impressive when you consider the four major u.s. wireless subscribers added a total of 1.8 million. that's including t-mobile. on the investor called moments ago, john leger said they are still optimistic their merger

with sprint will get approval. more from t-mobile headquarters, great to have you back on the show. let's talk about the next quarter. we note you love the comparisons to the competition though sprint doesn't qualify as competition anymore. walk us through the highlights. >> this was just a blockbuster quarter for us. it was an all-time record quarter on service revenues. we delivered 686,000 postpaid fun that's which was the amount that if you took the entire rest of the industry and doubled it, that would be what you would get. that includes performance by comcast. we also delivered the lowest churn in our company's history, smashing through the 1.0 barrier. that is something our team should be incredibly proud of because it speaks to the power of the network we are delivering to consumers. emily: talk to us about the regulatory process and how that is going with sprint or any word on divestitures?

mike: we announced this three months ago to the day almost. we said to them this is a proconsumer come up procompetitive deal. when we had a chance to tell our story about that the government would agree. since then we have done a lot of work. we have met with every major branch of government, the department of justice, the fcc, john and marcello had a chance to testify before the senate. we found that people are willing to listen to our story. the story is based on facts. it is rooted in the opportunity to build an unprecedented network that the country can't happen unless we bring these companies together. ultimately, that will be what creates a new level of competition in the marketplace. and we are able to put a network together that has seven times the capacity of our current combined networks, we will bring competition to at&t and verizon and comcast like they have never seen before.

emily: what kind of feedback have you gotten on the types of the best teachers that need to that need to be made? mike: that's not a discussion that were having. maybe there will be a time for that. our view is that this deal as it is currently structured is proconsumer and pro-competition. we are finding a government willing to listen to that story. that is important. we are out there working very hard. we think when they see the facts and the data, they will realize this is a deal that is proconsumer and pro-competition. emily: so everyone is doing a live online tv service including now t-mobile, along with dish, at&t, google, hulu. what makes yours different? mike: we are planning to launch our service later in the year. tv service is something -- this is a market that if ever there was one that needed to be on carrier to it is the fun. people love their tv but hate the companies that bring them their service. they are outdated.

they're not connected to your social media like or your mobile phones. we will solve those things. what's interesting is that when we come together with sprint and create the new t-mobile, we will have a five g network that not only will be able to bring tv service to your home can bring real competition to broadband in your home for the first time. that is a market that needs competition like no other. emily: i'm curious what video service your customers strained the most and what that tells you about home versus mobile viewing? mike: netflix and youtube and youtube and netflix. those are the most popular services. they take up a huge part of our overall usage and capacity. part of that is because we give netflix away to our customers as part of t-mobile one. it is a huge part of the value proposition. it is a reason why our churn is rapidly falling. emily: talking about 5g, nokia will provide your 5g network gears. where will you be offering your first mobile 5g service? mike: we were so proud to announce that deal. the biggest ig deal announced globally.

it shows how serious we are about rolling out 5g. we are really about everywhere. we will be national by 2020. 30 cities comes with your. not sporadic little parts of cities like at&t and verizon are doing. all of big cities. that is the benefit of low band spectrum be can bring 5g nationwide. once you add sprint in with the new t-mobile, we could go not just nationwide but deep and creates the kind of transformational experiences like we have talked about. we will have three years after bringing the company together with sprint an average experience that is five times faster than americans experience today on their mobile phones just in three years. it shows the power of the synergistic assets of these two companies.

emily: t-mobile came in very aggressive with pricing when john took over the company. overall, wireless prices in general haven't come down in a long time. do you think that will continue? will prices just continue to go up? mike: what you get for what you pay continues to come down. you continue to get more and more for what you pay. what is happening is customers are deepening their relationships with us. we are able to maintain relatively stable. not because prices aren't coming down but because we are attracting customers who expect more and want more. they are buying unlimited now versus data packages. that is why we have been stable even though you get way more for what you pay than ever before. in fact, you get 10 times more per dollar spent with metro pcs today five years after we came together with them than you did before we can together. emily: all right.

t-mobile chief operating officer mike sievert. thanks so much. we are still on teslas upbeat second-quarter earnings call. elon musk has been fairly well behaved and is touting dramatic assembly-line improvements. ask key leaders of the autopilot team to introduce themselves on the call. excited that autopilot and self driving chip technology is finally coming to fruition. that is super exciting. some really good people working at tesla. talking to what is like to work at the company or three are staying on that call next. this is bloomberg. ♪

emily: tesla second-quarter earnings call still underway. speaking about model three production.

take a listen. >> we expect in the absence of an unexpected event to be able to achieve an average of 5000 model threes or above for q3 and 2000 model sx is for q3 as well. >> let's go once again for abigail doolittle. going to great lengths to introduce his team. presumably to emphasize the bench that he has at tesla. what is the latest? abigail: you're right about that. the overall tone of this conference call is super positive and if we contrast that with the first quarter call that march quarter, there were fireworks between ceo elon musk and street analyst. given gotten to that part of the call. very positive with ceo elon musk and consummate terry of his entire team as he was y complimentary of his

entire team as he was introducing his autopilot team. that is a big takeaway of this call right now. somewhere expecting there could be more fireworks from this call. another takeaway would be to think that ceo elon musk would be exactly as he is, optimistic, upbeat, the visionary that so many see him to be. that is the role we are seeing and hearing right now. especially as he does talk about the company being on target to produce thousand of those model three's per week. once they achieve 7000 model threes produced each week, that will equal sustainable profitability unless there is a recession or other negative shocks type event. overall, a very upbeat earnings call. emily: all right, abigail doolittle in the newsroom. thanks so much, abigail. i want to get to bloomberg businessweek's next top can who is also listening in. -- max. if such are typical tech titan. with yesterday's report from

apple, that was strong and today a strong report from tesla. how do you think this will impact the latter market given that we have seen concerns about race but, twitter, intel on the back of disappointing results? max: it's hard to know. facebook is stock tanked, we -- when facebook's stock tanked, we thought maybe it was the beginning of a tech recession. apple had a great day today. tesla is having a pretty good stock performance in after-hours trading despite missing its earnings per share estimate. it feels positive. but, it is hard to say. the story with something like facebook has been so different than the story that is going on with apple. emily: so far musk has been incredibly well behaved, even apologizing to the analysts who is the one he cut off the last time.

now asking a question. what do you make of this? max: i think you have to look at that as this is a positive development just on a human to human perspective. he gave this analyst who he had criticized as boneheaded. that seems like a positive development. it also probably feels good to investors because it speaks to musk's overall mood. if he is not going threat and or -- not feeling threat and or whatever it is being more gracious, that feels good. i also think that you have to look at tesla as having done a good job with the expectations game. they missed their estimate and despite that, the stock has gone up quite a bit. that is partly because for the past few weeks tesla has conveyed to investors to the public that it was having a hard time.

i think that now investors had kind of -- were prepared for the worst and they got something that was merely ok and they are feeling pretty good. emily: specifically apologized for being impolite and blamed it on insufficient sleep. too much time and that sleeping -- too much time in that sleeping bag on the production line. what does musk have to prove this coming quarter? max: if they can do what he says and they can make 5000 cars a week, that would be relate really good. you just mentioned the lack of sleep. tesla did everything they possibly could to hit the 5000 number. it was clearly running the company ragged in all sorts of ways. you had a tent in the parking lot and they managed to get there. if they are able to stay there, sustainably come out with you on getting enough sleep and the elon getting

enough sleep and the company's sort of firing on all cylinders that will be really good for investors and for the company. emily: we will be monitoring every step of the way along with you. thanks so much. stay tuned right here on bloomberg television for more coverage in asia. this is bloomberg. ♪

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