emily: i am emily chang. in the next hour, where is larry? google continues to be hammered over conservatives alleged bias. why is he not defending his creation? and starbucks is going greener. it is pushing into renewable energy. you will hear from the ceo. and driving toward an ipo, we

will speak about progress toward going public. site on curious election meddling. sheryl sandberg and jack dorsey sat next to an empty seat. the committee wanted larry page there, but he turned them down. that did not sit well with virginia senator mark warner. >> i am deeply disappointed that google chose not to send its own top leadership to engage the committee. i know our members have a series of difficult questions about structural vulnerabilities on a number of google platforms that we need answers for. a time when google is getting hammered by conservatives for allegedly being biased against them, it makes you wonder why is larry page not out there defending his creation, like mark zuckerberg

might have done? that is the question posed by this week's cover story in bloomberg businessweek. where in the world is larry page? i want to bring in the author who brought -- who worked along with our resident and was at the hearing. larry page has never loved public speaking. he has some health problems right now that have to do with his voice. but in general what is the view on why he did not show up? >> it depends on who you ask. if you talk to google, they will say they offered their head of public affairs, can walker, to go. for the not good enough senate. larry page has been reclusive over the years. the question is why he did not appear at this crucial time. there is speculation that it might've been a strategy that the more they were not present

at the hearing, the more the focus might've been on facebook or twitter. that backfired. and a longtime tech investor who has been railing on facebook makes a point in your piece that google has benefited from facebook being the focus of the last few but they've done facebook a huge favor by not being there and lawmakers attention has now turned to google. selina, what harm did larry page do by not showing up? >> they made a calculated risk thinking they want to stay out andhis toxic environment google feels that it should be relegated to facebook and twitter. but by not being there, they they openedost -- themselves up to criticism. mark warner was up there criticizing google. larry page is being called unpatriotic. there criticizing themselves -- criticizing them for what they

are tried to accomplish in china. they did not have a chance to go up there and talk about what they are doing to combat russian interference. facebook and twitter one a lot of good will -- goodwill with lawmakers by repeating the same thing over and over again. google did not have anything to lose by attending. they lost a lot by not being there. emily: a lot of investigation has gone into this story. what has larry page been up to? he recently became ceo of alphabet. in the meantime, where is he? >> fantastic question. that is the subject of the article. my colleague and

the truth is, internally at alphabet and google, people say he is more withdrawn than ever. he is not the ceo of google, sony does not have to deal with the aid today issues but he is drawn to the more technical, sci-fi focus. research labs under alphabet. the larger question is if this technical focus should take priority when there is a lot la. more societal challenges going on today. perhaps he should reorient himself around those challenges. marketmeantime you have zuckerberg and jeff bezos outfront a lot. he is tweeting and taking on trump. google is missing this. the ceo of google could have -- the ceo of google could have also gone. a different era

where the tech company ceos can just stay behind and be introverted. something that jack dorsey has stood behind for many years. this past year we have seen executives of the large companies step up because they understand that lawmakers want to see the top decision-makers at the table. at the senate hearings, it was interesting to see how jack dorsey performed. he was very introspective. lawmakers appreciated that. they are a smaller company and can be more flexible in a way but he made some strong commitments that they will actually refocus the organization on solving security and election interference issues. sheryl sandberg's and zuckerberg who continue to reiterate their stance that they are just hiring more and more people. not hearing true fundamental commitments from the company and how they are going

to change their business models. i'm sure if google had a representative there, it would have been the same line that samberg and zuckerberg have taken. emily: there are some details in your story about the fun things that larry page is working on. us about some of his side products. >> it is more fun than what is going on in d.c.. heliox is a project that started several years ago. it is a hyperloop for bicycles. a plastic tube that they set up in a nasa kind of hanger that is designed to pump air into two propel bicyclists into. these are the type of things that are captivating his attention, as opposed to societal challenges. google is in the eye of

the president's tweet. he is directly attacking the company. video has been late -- leaked about the other cofounder of google talking about how he is disappointed that trump was elected. you have conservative lawmakers saying your personal opinions are affecting the company. their chiefnding privacy officer to testify before the senate on september 26. but how does google emerge from this? >> it has become a popular line of republican lawmakers to continually per rate tech companies for having anti-conservative policies. google has been singled out by the president in his tweets saying they are unfairly biased against them.

at the end of the day, regulators do not have a lot of room to actually regulate these companies in terms of filtering and moderating. they are protected by the first amendment. there has been a lot of talk but there is no regulation when it comes to the type of content they are able to show. emily: senator mark warner just said he thinks there is a high chance people realize that the days of the wild west are over and there needs to be some guardrails, hinting at regulation. it could take many years to get it in place. europe is also looking hard at u.s. technology companies. the european parliament just voted to back up copyright rules on the web. brought upner has many different policy ideas. that will probably take several

years before they come to fruition. some of the most pertinent ones are a bot labeling tool and i have heard twitter has been toying around with that. that is an immediate possibility. when it comes to the eu, they have been more forthcoming and then at the forefront of regulating tech giants. this newest vote would hold the tech platforms responsible for copyright infringement. the lawmakers argued that is a way to help the creators who have been slammed by the rise of the platforms. if this goes into effect, it would be a huge burden on the tech companies to come up with algorithms to figure out what kind of content has the correct licenses. some critics argue it could hurt small tech companies more because they might not have the ability to properly filter content. austin, thank

you. is looking toucks live up to the color of its logo with a greener push. my conversation with ceo kevin johnson. and you can check us out on the radio and listen on bloomberg.com and sirius xm. this is bloomberg. ♪

is making abucks push to save the environment, unveiling its commitment to 10,000 readers stores in the coming years. they will use renewable energy to power their stores. i spoke with the ceo, kevin johnson, at the global action summit in san francisco.

we started with the coffee chains push to reduce environmental impact in the waste it generates in the way it works. >> first of all, sustainability has been a pillar of our agenda for years, starting with the sustainability of coffee and making it the first sustainable agricultural product to greener lead certified stores. we are announcing a greener store framework. we are going beyond the design to how we operate the store. has to do with renewable energy. stewardshipwater and ensuring we are being thoughtful about water. it is about managing waste. we have a complete program we have put together with our partners that we are announcing today that will help make us a more sustainable company.

we buy renewable energy credits. that basically ensure we are funding and supporting the growth of renewable energy sources to find the energy consumed in our stores. consumed inenergy our stores. we consume the minimal amount of power necessary. a lot of innovation in the store and a lot of commitment to renewable energy and water and waste reduction. emily: you get a lot of feedback from coffee farmers around the world. wille estimate, by 2025 we -- how is climate change affecting farmers and how do you see the global coffee crop evolving over time with a sustainable future? we source coffee from 300

coffee farms around the world. -- we have port centers in every geography we source copies from. -- coffee from. we are hearing from farmers that global warming has created a manifestation of coffee rot. we have worked to create a hybrid, rust resistant coffee tree -- rot resistant coffee tree. thepen source all of information with coffee farmers around the world. emily: given the commitment you have to save imaging, what is your reaction to the administration's actions to roll back on methane production and pulling out of paris? >> for us, sustainability has

been a pillar are of our company for more than a decade. it goes back to the origin and foundation of the company in our belief that the pursuit of profit is not in direct conflict with the pursuit of doing good. sustainability, we stay focus on what starbucks does which is creating a great experience in the store and serving some of the best coffee in the world. emily: 2020 is the final year of the straw. plastic straws. what is one of the biggest challenges of reaching that goal? >> this is a challenge of innovation. we do that by working within starbucks and also many partners outside of starbucks to figure out how to innovate things around the straw lists -- strawless lid.

in addition to that, new designs of straws better compostable or biodegradable. emily: what will they be made of? >> paper, and compostable plastic. supply chains are being built to supply the volume of straws that starbucks customers use and that are used in many other food and beverage established -- establishments. emily: some people say the straw is a drop in the bucket. what else can you do to push it? >> we work with local government to ensure they have recycling capabilities. the more we are focused on getting recyclable cuts and plastic into the appropriate andcling system -- cups plastic into the appropriate recycling system, we can make a difference. you have to focus on a variety

of domains and that is what we are doing. up next, we continue coverage from the summit. i will talk with the mayor of san francisco about our city stance on protecting the environment. this is bloomberg. ♪

emily: back to our coverage from the global action summit. the 45th mayorh of san francisco, who is the first african-american to hold the post, london breed. even with the paris accord, scientists say we might not be able to stall climate change. so asked the mayor what we can do. well on our way to 100% renewable energy by 2030. we launched that. excited about getting to a

place where we can produce zero waste and coming up with helpive solutions that with infrastructure. we have the technology to do amazing things that we should use it. just because someone says it is not possible is not mean we will not roll up our sleeves and do everything we can to try. a low-lying city. what is the plan to fight the rising seas? >> i am glad you asked that. there is an initiative on the ballot for a sea wall. it protects us from sea level rise. we have a bond on the ballot where we are raising money so people can understand that the things we do not see are sometimes more important than the things we do. this is the difference between protecting us when a big earthquake comes. we are moving forward to provide protections.

what do you think about president -- the president's decision about pulling out of the paris accord? >> anyone who cares about the future our planet has to be disappointed. but it has inspired people from all over the world to come together for this global time it action summit to not just talk about what we want to do, but to actually put words into action and get things done. emily: what is the strategy for accelerating the use of electric cars in the city? >> we have provided additional charging stations in san francisco. all of our new vehicles will be clean energy pick up -- clean energy vehicles. we put legislation forward years ago to make that commitment. there are options out there we can use to get to 100% clean here in san francisco, including

dump trucks and police vehicles. emily: where's the city on the testing of self-driving cars? it's a little complicated. we are trend to work with the industry on responsible practices. what we are -- we are trying to work with the city on responsible practices. it's awe want to make sure peoo not get hurt. we are working with the industry to provide safe testing. emily: san francisco just past strict legislation on scooters. is that just the way it is or could these regulations loosen in the future to allow other companies to participate? >> i think what happened when the scooters started showing up all over the sidewalk, people were like, what do we do with this? so now we are trying to see whether or not it can be something that can work in san francisco. i'm excited about the scooters, especially when you wear dresses you can just hop on a scooter

and go from one block to the next. but safety is the number one option. people riding on narrow sidewalks when people are walking. we need to make sure they are tested and people are using them safety. -- using them safely. emily: there are policies that some might view as tech unfriendly. some taxes. are you taking on big business? >> part of what i believe is that big business has to pay their fair share in helping san francisco with the challenges that exist. but i think there is a fine line between helping and being responsible and overburdening the business community with things that drive them away. i want to make sure that our strong economy continues and that we have balanced and fair regulations. that will take time. emily: do you think the tech

community needs to do more when it comes to the homelessness situation? >> i think we need more, of course. the flip side is that the people we have who are homeless on our streets are struggling with drug addiction and mental illness. we have gotten people into our navigation centers, which are 24 hour shelters that help people get into housing and they have not always stayed in the housing. they would be there one day and be gone the next. it continues to be a challenge and is why i am pushing for reforms for mental health systems. things that are innovative that will hopefully get us to a better place. it will not completely solve the problem because we know people are struggling, but we have to do more and we have to do something different. emily: our conversation with mayor london breed at the summit. coming up, a path to

profitability. our conversation is next. this is bloomberg. ♪

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chinesee have learned -- has raised a $4.2 billion pricing their ipo to the top of the range. alex barinka joins us from boston. what do we know about this so far? >> they raised above the $4 billion market and got some key investors. put kong's richest man has his money behind the stock and some investigators -- some investors are willing to buy in.

some are not necessarily as strong as retail investors. retail investors have not seen as much enthusiasm about the stock and perhaps that is because a lot of the chinese regional investors have been burned recently. some of the rationale about why these asian companies choose to list in hong kong. in hong kongst when you have some anymore chinese companies listing in the u.s.? shami who chose to list in hong kong i think because of the retail piece. the food delivery giant knows the investor groups there. raisee more companies money in u.s. ipos. my conversation with the china

of tesla told me they came to new york because they have the broadest depth of investors and they have comparable companies like tesla trading here. they feel that pitching to the home audience is the way to go. emily: talk to us about what we ipo,xpect from the china especially the tech ipo over the next year. >> you have a lot of these large companies like tencent and alibaba. age of theme the companies that have tencent and alibaba in their site. 2014 was alibaba's year. now in asia you have these meituans like may 20 --

we have the shami backed application manager coming to new york and we are waiting for the tencent music listing to potentially file for a u.s. ipo. while the u.s. startups have been absent from the listings market, the ones valued at more than $10 billion, the asian companies seem to be taking advantage of getting out earlier. it is not that they do not have the money flowing into the system. they are taking large stakes in the ipo, but it seems they are taking public capital instead of waiting in the wings like airbnb has done. emily: alex, thank you. is increasing their investment in driverless car research.

they want to open and engineering held in toronto in 2019 and expand their advanced technology group. the investment is another vote of confidence in the tech scene in her -- the tech scene in toronto. and the ceo says the company needs to show profitability as they drive toward a public listing. down with them and asked what to expect before bloomberg ipooover's ivo -- uber's next year. -- what do you need to do? to prior -- we need to show a path to profitability.

i think we will be able to demonstrate in the ride business a path to profitability increasing the contribution margin. there are segments that are about hypergrowth. expansion. we have new parts of the business. e bikes, scooters, flying taxis. these differences will not be profitable for a long time but hold incredible growth promise. the marketplace pays for growth. you are investing heavily in the new businesses you have and the ones to come.

how much more expansion is there? >> we are going after deep bundling car ownership. dling car ownership. the car is an incredible tool. in urban environments we think we can build a host of services that essentially replace all of these various use cases of a car. this is ultimately a $6 trillion industry that we are going after. the target is big and we think we can demonstrate progress in terms of profitability as we continue to make investments in these technologies. reporter: part of your existing model deals with human drivers. >> they are a huge part of our business. reporter: is there a growing to treat them like

employees? >> when i talk with our driver partners, the number one reason why they like uber is because they can use our platform however they want to. they can come on for two hours and then get off. i had a driver who liked driving around with her daughter. she could not do that with uber, but she can do it with eats. it works and feels like a independent contractor. withve to have discussions local regulators, laws, etc. we are building a service to be used by our driving partners anyway you want to, full-time, part-time, or somewhere in between. reporter: you are also doubling down on driverless technology with this investment in canada. why is that so important?

what is uber need to own the technology? >> we need to use it to our advantage, not necessarily own it. but in the early stages of developing the technology, we think there is an advantage to developing it in conjunction with a ride network. we can develop technology specifically for writing. .t is not replacing -- riding it is not replacing the driver. in the early days we will develop in-house but we are looking to partner. we announced a partnership with toyota and are now working on codeveloping a purpose built ridesharing car, an electric car. risks.r: that comes with we have seen safety issues, accidents associated with your brand. is that a problem for you?

>> i think this technology, because it works in the real world, absolutely comes with risks. we are undergoing a top to practices,t of our how we test and simulate and test on the road, to make sure we are as safe as possible while developing this technology. reporter: you have been in this job for one year. you are charged with turning things around. point we stopme calling it the controversial uber? what point do you put the past behind you? >> i think we are at that point. the management here who built the company made their mistakes but they built a great company. ceo with amanda lang.

and outp, the nasdaq i.e. ask. -- iex. later, we will head back to the global climate action summit to see how l.a. is faring in the fight about climate change. our exclusive conversation with the mayor. this is bloomberg. ♪

emily: jeff bezos is launching a $2 billion fund to help the homeless. they will issue annual awards to organizations who are doing compassionate work to shelter and support the immediate needs of young families. the fund will create a nonprofit

.reschool he took to twitter to ask the public how he could best use his wealth to give immediate help to others. move over, nasdaq. there is a new player in town. the iex has won its first listing. promises to level the playing field. joining us now is the president and ceo. michael, thank you for joining us. in part, iex is a reaction to technology that has made aggressive trading possible. what sets you apart? itfor us, in the beginning was about serving investors and protecting their needs in this market. my background was a traitor. i worked at it bank. -- my background was a trader.

i worked at a bank. the new york stock exchange and nasdaq were selling to high-speed traders and it let off the everyday investor. for us we wanted to create an exchange that leveled the playing field and gave the investor is a market that was protecting their interests instead of exploiting them. emily: what do you think the problem is with using technology in high-frequency trading? >> there are good uses of technology in trading and are're a bad uses -- there bad uses. you have people using them for and trying tos

electronically front run them. where we decided to start the company was the idea that the exchange itself, selling technology to certain players really made the referee in the game very biased. it's like the referee on a football game selling things to one of the teens and then claiming to be neutral about -- teams and then claiming to be neutral about who wins or loses. our standpoint, we are aligned with investors and really happy we can start to align with companies with the launch of our listing. emily: interactive brokers could be taking a hit. under exchange it will not have on your exchange it will not have as much exposures. the market has responded well to the news but i would say

stocks can trade on any exchange. the role of the listing exchange is to open and close the exchange. iex is much better aligned to perform the tasks. think it is about creating alignment between exchanges, investors, and companies and looking to make the process as efficient as you can. trying to dampen volatility by a forting opportunities high-speed traders to insert themselves. interactive brokers is a perfect example of a company that has used technology to deliver benefits back to their client. they invented smart order routing and used technology to make markets. when we look at aligning with them, they are exactly the kind of firm that uses technology for

productive means and the market has responded well. it is about the alignment between investors, exchange, and companies. emily: why the think it has been so hard to recruit other companies? clearly there is some skepticism out there. >> a lot of it is the regulatory process. it took us two years to get our license. the exchanges do not want anyone in this club so they lobbied against us. it then took us over a year to get the listings license. for us it was the first year we could launch this program. perll get 10 to 12 switches year. not a lot of companies move back-and-forth very that speaks to the lack of competition. nasdaq and nyse look more similar than different. so it was get regulatory approval despite heavy lobbying against us. getting the first one was really

important and having it be a company like interactive brokers , a very sophisticated player, sends a strong message other .ompanies being able to follow the lead of someone who understands the market. when you look at their chairman talking about how this is good for their shareholders, from our standpoint that is the same message we have been saying. .or us it is exciting happenedst swaps before the end of the year. can we expect more this year? who are you targeting? >> we have been having great conversations across the board and interest from new companies. from our standpoint, it is focusing on interactive rogue spurs. october 5 is expected to be the day. i cannot announce other companies but the interest is

good. we're really excited. i think this will be a great finish to the year for us. emily: thank you so much, brad. up next, california's assembly a hundred percent clean power by 2045. how will l.a. reach the milestone? aboutl talk to the mayor that any future presidential run, next. this is bloomberg. ♪

emily: l.a. is looking for the right opportunity in the fight against climate change. the mayor announced the creation of a new online porter to help the city get competitive prices on charging stations.

the city is moving ahead with california's plan to get 100% renewable energy by 2045. without down -- we sat down with the mayor at the global action summit in san francisco. i want to start by talking about what we are here about today. scientists warned that even if everybody fulfills the obligation a talked about in paris, we will not be able to stave off climate change. what can l.a. do? >> we have to do everything. it is not an abstract problem. we have the firefighters who have died in historic fires and we have historic greg -- historic droughts. this is a cause for all people, not just government and companies. of excitement being

here. i know the problem has never been worse but i think the excitement and ease of doing the solutions have never been this good. emily: what are some of the boldest commitments you are willing to make? >> the goal is to be carbon neutral. there is no question we have to get free of coal but also carbon free. we have to change the way to move around. is third-largest oil fields under los angeles. we are looking at how we can shut down the journaling in the urban environment where there is a huge urban impact. how do you generate jobs around the economy that will be green and carbon neutral? jobsa. we have had 30,000 in the last few years. jobs. the remaining coal

in l.a., we were built on oil and that is a chapter of the past and it is time to move forward. emily: we have seen santa monica come up with some permissive regulations for scooters but san francisco has cracked down. in l.a., they have sent cease-and-desist letters to the scooter companies. you see videos of scooters on fire and in the ocean. who will be on the right side of history? >> i think they are great but we have to find out the safest and best way to regulate them coming in. i am the kind of mayor who does not say no, but also says you do not know what the answers just because you are coming in with disruptive technology. we have more than anywhere else in the world and we want to find a way to make them work. but the emergency room visits, people who were on the streets

unsafely, we have to make sure people do not have intense injuries. but i love that we have uber and lift and bird. to me is exciting. there will be more electric scooter rides in a year and a half than we have uber rides. emily: everyone wants to know about your presidential ambitions. they run through 2018. if we do not have a house that provides a balance of power, who cares about 2020? we need to focus on great, talented candidates right now. if the house is taken back, i will take a couple of months. we are dealing with practical problems. washington has done nothing to unite us. it is washington versus the rest

of us. emily: when will we see a decision from you about 2020? >> a couple of months after the november elections, one way or the other. that even if i hope other mayors do and i will be very much involved. we have to get rid of this guy. emily: a conversation with the l.a. mayor at the global climate action summit. that doesn't it for this edition of bloomberg technology. it for this edition of bloomberg technology. this is bloomberg. ♪ this isn't just any moving day.

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>> welcome to day break australia. are counting down to asia open. storiesare the top covering. president erdogan demanding a cut. president trump ahead of new talks.