emily: i'mle emily chang in san francisco and this is "bloomberg technology." coming up 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's already called the last straw of 2020. it's pushing into renewable energy. we'll hear from the c.e.o. and driving towards and i.p.o., uber c.e.o. speaks to bloomberg television about the company's

progress towards going public. story, t to our first it was a curious site on election meddling. sheryl sandberg and jack dorsey sat next to an empty seat. who was supposed to be there? the committee wanted google co-founder larry page but he turned them down. that did not sit well with virginia senator mark warner. >> i am deeply disappointed that google, one of the most influential digital platforms in the world, did not send its own top leadership to engage this committee. because i know our members have a series of difficult questions about structural vulnerabilities on a number of google platforms that we need answers for. emily: at 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 or dorsey might have done? that is the question posed by this week's cover story in bloomberg businessweek. where in the world is larry page? to answer that i want to bring in one of the story's author o worked along with mark burgan and one that was at the hearing. look, larry page has never loved public speaking. i believe his last appearance was three years ago. he has some health problems that has 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 -- kent walker to go. but that obviously wasn't good enough for the senate. as you noted, larry page has been reclusive over the years. but the question is why he didn't appear at this very crucial time in the company's history? 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.

sheryl sandberg being present and jack dorsey. obviously that has backfired. emily: well, roger, 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 lach makers' 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 of this toxicity and that google feels that it should be relegated to facebook and twitter's universe of problems. but by not being there, they opened the most -- they opened themselves up to criticism. mark warner was up there criticizing google. larry page is being called unpatriotic. they criticized for what they're trying to accomplish in china. they didn't have a chance to go up there and explain what they've been doing to combat

russian interference. i also think it's worth pointing out that facebook and twitter won a lot of goodwill with lawmakers by really just repeating what they've been saying over and over again for the past several months. so google really didn't have a lot to lose by attending but they did lose a lot by not being there. emily: a lot of investigation has gone into this story. one of the big questions has been -- what has larry page been up to? he recently became ceo of alphabet. n the meantime, where is he? >> i think that's a fantastic question. very much the subject of the article. my colleague and i, mark, has spent months sort of thinking about this topic. and the truth is internally alphabet and google, a lot of people say he's more withdrawn than ever, taking an emeritus role. he's not obviously c.e.o. of google. he's definitely more drawn to

some of the technical focus, some of the sifi projects going on at x, the research lab under alphabet. the larger question is whether that technical focus should take priorities when there's a lot more pressing sew societyal challenges that are going on today and perhaps he should probably reorient himself around those more pressing hallenges. emily: meantime you have mark zuckerberg and jeff bezos outfront a lot. he is tweeting and taking on trump. google very much is missing that space. ric schmidt no, sir there. how exposed is google if they don't have anyone representing them in public who is of the stature that lawmakers would like to see? >> we are in a different era where the tech company c.e.o.'s

can't stay behind the introverted personalities, something that jack dorsey stood behind for many years. in the past year we've seen the executives of the large tech companies step up because they understand lawmakers want to see the top decisionmakers there at the table. i you think at the senate hearings it was interesting to see how jack dorsey performed. he was very introspeckive. lawmakers appreciated that. sandberg was prepared. yes, they are a smaller company. they can be a lot more flexible in a way but he did make some very strong commitments that they're actually going to refocus their entire organization on solving the security and election interference issues. now, on the other hand, you have sheryl sandberg and zuckerberg who really kind of reiterate their statements that they're hiring more and more people but they aren't hearing true fundamental commitment 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: often there are some fine details in your story about the fun things that larry page is working on. one of my favorite lines is a lie who likes self-driving cars and flying cars and couldn't go to washington. talk about some of the side products something called heliox. >> it is more fun than what is going on in d.c.. heliox is a project that started a couple years ago. the only way to describe it, almost a hyperloop for bicycles. it's a large plastic tube that of set up in a nasa kind hangar 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. that we've been talking about. emily: in the meantime, google is now in the eye of the president's tweets.

selina, you have the president directly attacking this company. you have video that's been leaked of theo co-founder of google talking about how he finds it deeply offensive that trump was elected and it doesn't help google's argument when they're trying to say we're unbiased and yet you have conservative lawmakers saying how can your personal opinions and personal politics possibly not affect this company? you know, google is sending their chief privacy officer to testify before the senate on the 26th of september. but how does google emerge from this unscathed? >> well, it's become a popular ine of republican lawmakers to rate these companies for having anti-conservative policies. google has been singled out by the president in his tweets saying they are unfairly biased against them. negative in terms of coverage. but at the end of the day,

regulators don't really have a lot of room to actually regulate these companies in terms of their filtering and moderation policies. they are protected by the fifth amendment so there has been a lot of talk. there really isn't looming 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, wild west are over and there needs to be some guardrails. hinting at regulation there. as we discussed it could take many, many years, perhaps, to get regulation in place. if indeed that happens. meantime, europe is also looking hard at u.s. technology companies. the european parliament just voted to back up copyright rules that help the creators of video, music, and other rights holders on the web. what does this mean? >> mark warner has brought up many different policy ideas. you're right in that it will probably take several years before they come to fruition.

some of the most pertinent ones i think that could be implemented 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 e.u., they have been much more forthcoming and have been at the forefront of regulating these tech giants. the newest vote is pretty momentum. it would be holding these tech platforms responsible for copyright infringement and the e.u. lawmakers argue that's a way to help these music, artist, creators who have been slammed by the rise of the platforms. that could be free. on the other hand, 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.

emily: selina, austin, thank you. up next, starbucks is looking to live up to the color of its logo with a greener push. committing to 10,000 greener stores by 2025. my conversation with c.e.o. kevin johnson. just ahead. and if you like bloomberg news eck us out on the radio, listen on bloomberg.com and if you are in the u.s. sirius x.m. ♪

emily: starbucks is making a 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. among other things. i spoke exclusively with starbucks c.e.o. kevin johnson at the global action summit right here in san francisco. a wide ranging discussion with the business and started with

the coffee chain's push to reduce its environmental impact in the way it works and the waste it generates. >> 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 cups to lead certified stores. so today we're announcing a new greener store framework. we are going beyond the design to how we operate the store. has to do with renewable energy. buying renewable energy credit so that all energy in starbucks stores is driven renewable. it's about water stewardship, ensuring we're being thoughtful about water and water waste. it's about managing waste. so we have a complete program that we put together with our partners that we are announcing today that will help make us a more sustainable company. greener, what we do is buy

renewable energy credits that basically ensure that we are funding and supporting the growth of renewable energy sources to fund the energy consumed in our stores. we do work to make sure the equipment consumes the minimal amount of power necessary. that's why we embrace sort of lead certified store concepts so lo of invasion 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. by one estimate, by 2025 we are going to lose half the world's area suitable to growing coffee. what are farmers telling you how it is affecting them and how do you see the global coffee crop evolving over time with a sustainable future? >> we source coffee from over

00,000 coffee farms around the world. we have port centers in every geography we source coffee from. what we are hearing from farmers that global warming has created a manifestation of coffee rot. a disease that gets on the leaves of coffee trees and kills it. we have worked to create a hybrid, rust resistant coffee tree that we give to coffee farmers and then we work with coffee farmers to develop the best practices on how to get the best quality of coffee and the best yield from their coffee. and we do that from farmer support centers and we basically open source all of that information with coffee farmers around the world. emily: given the commitment you have to saving climate change, what's your reaction to the administration's actions? even this week on methane prodeclaration, going all the way back to pulling out of paris? kevin: for us sustainability has been a pillar of our social impact agenda for more than a

decade. really goes back to the origin and foundation of the company and our belief that the pursuit of profit is not in direct conflict with the pursuit of doing good. in the case of sustainability, whether it's greener cougher, greener cups, greener stores, that's our focus. we 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. you have plans to eliminate plastic straws. i know you've been planning for years to do so but it has not been easy. what has been the biggest challenges of getting there, reaching that goal? >> this really a challenge of innovation. we do that by working not only within starbucks with many partners outside of starbucks to figure out how to innovate around things like the strawless lid that we have introduced here in the united states and are now being deployed around the world. in addition to the strawless lid, it's coming with new

designs of straws that are easterly compostable, biodegradable. emily: what will supply them? kevin: some are made of paper and some are made of compostable plastics. a supply chain is being built to supply the volume of straws starbucks' customers use but are used in other food and beverage establishments. emily: some say the straws are a drop in the bucket what goes into the ecosystem. what else can you do to push the needle? kevin: what we do is work with local government to make sure they have recycling capabilities. the more we focus on getting our recycleable cups into the appropriate recycling systems into these communities we can make a big difference there as well. so you have to really focus on a variety of domains and that's what we're doing. emily: kevin johnson speaking

at the global climate summit in san francisco. coming up next, we continue our coverage from our summit. we'll talk about the mayor's city stance on protecting our environment and tech's role in it. this is bloomberg. ♪

emily: now back to our conversation from the global action summit. who else to sit down than the 45th mayor of the city who happens to be the first african-american woman to hold the post. london breed. scientists warm even with the commitment of the paris accord we may not be able to stall climate change. i asked the medicare what can san francisco really do. mayor breed: we are on our way to 100% to renewable energy by 2020. we launched 100,000 customers enrolled in the program and i'm excited about just getting into

a place where we can produce zero waste and coming up with creative solution like green bonds which helps with our infrastructure. we have the technology to do amazing things and we should use it. just because someone says it's not possible doesn't mean we will not roll up our sleeves and do everything we can to try. emily: this is a low-lying city. what's the plan to fight the rising seas? mayor breed: so right now -- glad you asked that. we actually have an initiative n the ballot for our sea wall. our sea wall which is protecting us from sea level rise has over a billion dollar project. we have a bond on the ballot where we're raising money so people can understand that the things that we don't see are sometimes more important than the things we do. this is the difference between protecting us when a big earthquake comes. or anything else of that nature. so we are moving forward to provide protections to our sea wall. emily: what do you think about the president's decision about pulling out of paris?

mayor breed: anyone i think who cares about the future of our planet had to be disappointed. but what that has done is inspired people from all over the world to come together for climate 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? mayor breed: so we have basically provided additional stations for charging stations in san francisco. all of our new vehicles will be 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 fleet here in san francisco for all of our city vehicles including our dump trucks, our police vehicles, all of those things were headed in the right direction.

emily: where's the city on the testing of self-driving cars? mayor breed: so the testing of self-driving cars are a little complicated. we're trying to work with the industry on responsible practices. what we are most concerned about is safety. we want to make sure that people don't get hurt. we are working with the industry to provide safe testing. and regulations that are appropriate to keep people safe. emily: san francisco just passed some surprisingly strict legislation on scooters. choosing two companies to give permits to. is just the way it is or could these regulations loosen in the future to allow other companies to participate? mayor breed: i think what happened when the scooters just started showing up all over the sidewalks a couple months ago, people were like, what do we do with this? so now trying to see whether or not this can be something that can work in san francisco, i mean, frankly, i'm excited about the scooters. especially when you wear dresses you can hop on a scooter and go from one block to the next. again, safety is the number one

option. people riding on sidewalks, narrow sidewalks where people are walking, that's really a problem. so i think our goal is to make sure that people are using them safely, that we test this to see how it works. but i think this could be a great addition to san francisco. emily: there are some other policies that some in the tech community might view tech unfriendly. the ban on office tax cafeteria. big business? on mayor breed: i think big business has to pay their fair share in helping, you know, san francisco with all the challenges that exist. i think there's a fine line between helping and being responsible and just 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 make sure regulations. that will take time. emily: do you think the tech community needs to do more when it comes to the homelessness situation? when it comes to being a good

city citizen, if you will? mayor breed: so, i think we need more, of course. the flip side of that is the people that we have who, sadly, 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 into permanent supportive housing and they have not always stayed in that housing. they would get in there one day, be gone the next and it's continuing to be a challenge. it's why i'm pushing reforms to our mental health conservatorship system. it's why i'm pushing for safe injection sites. things that are innovative and get us to a pet 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 of san francisco at the global climate action summit. coming up, c.e.o.'s and investors want to see a path of .rofitability

our conversation is next. this is bloomberg. ♪ . xfinity mobile is a new wireless network

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emily: technology, i'm emily hang in san francisco. -- raised $4.2 billion pricing their ipo to the top of the range. alex barinka joins us from boston. alex, what do we know about this i.p.o. so far? >> what we did know is they billion bove the $4 market and got some key investors. hong kong's richest man has put his money behind the stock and some investigators -- some investors are willing to buy in. some of the key investors that you hope for hong kong listing are not necessarily as strong as hoped 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. you've sen -- you've seen a selloff. some of the rationale about why these asian companies choose to list in hong kong. poe continuationly missing from that -- potentially missing om that $4 billion-plus that meituan raised. emily: why list in hong kong when you have some anymore chinese companies listing in the u.s.? >> it is an interesting one. they followed shami who chose to list in hong kong i think because of the retail piece. the food delivery giant knows the investor groups there. to your point, you've seen more and more companies, 24 companies year to date more than $7 billion in u.s. i.p.o.'s. my conversation with nio, the china of tesla, who listed in the u.s. this week, they said

they came to new york because new york have the broadest depth of investors and have the comparable investors in tesla trading there. they feel that pitching to the home audience is the way to o. emily: talk to us about what we can expect from the china ipo, especially the tech ipo over the next year. >> you have a lot of these large companies like tencent and alibaba. it has become the age of the companies that have tencent and alibaba in their site. -- sight. 2014 was alibaba's year. to have the blockbuster i.p.o.'s. now in asia you have these meituan we have

he shami backed application maker coming to new york and we are waiting for the tencent music listing to potentially file for a u.s. ipo. bottom line is, 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. you see in the rounds, too, it's not that they don't have the money flowing into the system. these large companies are taking large stakes in the i.p.o. it just seems like they're taking advantage of taking public capital instead of waiting in the wings like uber b.n.b. has done. emily: alex, thank you. uber is increasing their investment in driverless car research. they pledged more than $550 million to open up an

engineering hub in toronto in 2019 and expand their advanced technology group. it is creating much of the autonomous vehicle technology. the investment is another vote of confidence in the tech scene in her -- the tech scene in toronto. and uber's c.e.o. says the company needs to show a path to profitability. as they drove towards a public listing. amanda asked what to expect efore uber's i.p.o. next year. >> yes, we are, 2019 is our target, the second half of 2019. we brought on an a c.e.o. it's important to have that spot filled. at this point it's all systems go. > what do you need to show pre-i.p.o.? profitability? >> when you look at our business, it's many different segments. there's a ride segment which is a mature segment.

i think we can show is a path of profitability continuing to increase our contribution margin anding isments like eats that are about hyper growth. eats are one of the fastest growing parts of our business, the largest food delivery player globally outside of china and really that's about market expansion. and then we got some very new parts of our business. if you look at the bikes business, the e-bikes, jump bikes, part of our business or flying taxi, etc., these businesses are not going to be profitable for a long time but hold incredible growth promise. what we see in the marketplace, the markets place is for growth. >> you are investing heavily in the new businesses you already have and also new businesses to come. how much more expansion is there for you? >> well, when you look at the transportation ecosystem, what we're looking at is the

bundling car ownership. car is incredible. they use it to go to school, to go to work to get groceries, etc., and now in urban environments we think that we can build that host of services that essentially replace all of these uses of the car. this is ultimately a $6 trillion industry that we're going after. a lot of people think of uber being a big company. our eyes are big. the target is big. and we will take investment but we think we can also demonstrate progress in terms of profitability as we continue to make the investments in all these technologies, including self-driving. >> part of your existing model does deal with human drivers. >> very much so. human drivers are a huge part of our business. >> there is a growing push to treat them less as contractors and more as employees. change?

>> when i talk to 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. if they want to -- i had a driver who liked driving around with their daughter but you can't do that on uber. she now does that with eats because her daughter can deliver the food and they can spend time together. so we think that looks and feels like an independent contractor. so we think we're on the right side here. but obviously we got to have discussion with local regulators, laws, etc. but ultimately we're building this service so that it's a service to be used by our driver partners any way they want to, whether they want to do it full time, part time or some way in between. >> you are also doubling down on driverless technology with his investment here in canada. why is that so important?

why not use it to your advantage at some point? >> i think we need to use it to our advantage. we don't necessarily need to own it. but in the early stages of developing this technology, we think there's a real advantage -- in loping it with conjunction with a ride network because we can actually develop a technology specifically for riding. it's not replacing the driver in every single circumstance. it's for a ride sharing framework. so in the early days we're certainly going to develop in-house but we'll look to pardoner in. for example, we announced a partnership with toyota where they invested half a billion dollar and we are now working on co-developing a purpose built ridesharing car, an electric car. reporter: that comes with risks. we have seen safety issues, accidents associated with your brand. is that a problem for you? >> i think that this

technology, because it works in a real world, absolutely comes with risk. and we are now undergoing a top to bottom audit of our practices, how we develop, how we test, how we simulate, how we test and ultimately how we test on the road to make sure we are as safe as possible while we're developing this incredibly interesting technology. >> you've been in the job about a year -- >> little over a year. >> and charged really with turning things around. do you hope at some point we stop calling it the troubled uber, the controversial uber? at what point do you put the past behind you? >> i think we're at this point. i think is the fact the management here who built this company, who founded this company certainly made their mistakes but they built a great company. emily: uber's ceo with amanda lang.

coming up, the nasdaq, the knock stock exchange, and i.e.x. and 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 mayor eric garcetti. 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 , quote, compassionate needle moving work to support the immediate needs of young families. the fund will create a nonprofit preschool. he took to twitter to ask the

public how he could best use his wealth to give immediate elp to others. well, move over nasdaq and the new york stock exchange. there's a new player in town. the iex has won its first listing. jumping ship for the new exchange that promises to even the playing field by placing a speed bump on trade. joining us now is the president nd c.e.o. brad cat sue yama. - katsuyana. in part, iex is a reaction to technology that has made aggressive trading possible. what sets you apart? >> for us, in the beginning it was about serving investors and protecting their needs in this market. my background was a trader. i worked at a bank. large mutual funds. pension funds were my clients. that represents the everyday investor and what we found is that the stock exchange, new york stock exchange, nasdaq,

were selling high speed data advantages to a group of high speed traders that let them take off from the everyday trader. from our standpoint it's about creating an exchange that leveled the playing field that gave these investors a market that bass actually protecting their interests instead of exploiting them. emily: what do you think the real problem is with yuing technology and high frequency trading? it gives them an edge. >> it's a perfect question because there are good uses of technology in trading and there are bad uses of technology in trading. and so from the good standpoint, you look at people using technology to make markets and provide liquidity. trading correlated products like an e.t.x. versus the underlying stock. on the underside of that you use predatory, trying to front run them. from our standpoint, where we decided to i.e.x. is the idea

the exchange itself, selling technology to certain players really made the referee in this particular game very biased in the outcome. a like a referee in football game selling exchanges. nd they make more money than matching buyers and sellers. from an i.x. standpoint that's our competitive edge. we are aligned with investors nd now we're happy that we can align with companies with the launch of our listing. emily: interactive brokers could be taking a hit. under exchange it will not have have exposure to other exchanges. how do you sell that to other companies? >> they outperformed e*trade by 2% today. the mark has responded well to the news. but i will say stocks can trade on any exchange. the role of the listing exchange is to open and close the stock.

to survail for manipulative activity in a stock. i think iex is much better aligned to perform the tasks. than exchanges where nair largest clients are some of the predatory high speed trading firms. from our standpoint we see this value i.x. is about creating alignment between the exchanges, the investors and companies and really looking to make that process as simple and efficient as you can. i think trying to dampen volatility by eliminatinghigh-speed traders to insert opportunities for themselves. interactive brokers is a perfect example of a company that through its history has used technology to deliver benefits back to their clients. they invented smart order routing which is now a commonplace technology in the market. they have used technology to make markets. so 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. from our standpoint, it really is just about that alignment between the investors, exchange

and companies. emily: ok, that said >> do you think it's been so other recruit 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. again, the exchanges don't want anyone in this club. they lobbied very aggressively against us. it took us another year after that approval, over a year, actually, to get our listings license. so for i.x. this was kind of the first year we could launch this program. you look at 10 to 12 switches per year. not a lot of companies move back-and-forth very that speaks to the lack of competition. do you want to -- new york stock exchange and nasdaq look more similar now than different. so it was get regulatory approval despite heavy lobbying against us. from our standpoint, getting the first one was really important. and having it be a company like interactive brokers, $20 billion-plus market cap and

very sophisticated, a very sophisticated player, i think, sends a very strong message to people, other companies, whether you are insider or outside finance, be able to follow the lead of someone who understands the market. when you look at their chairman talking about how this is good for our shareholders and from our standpoint, that's exactly the same message we've been talking about. for us it's really exciting. i think definitely great momentum for us to launch this business with that kind of company. emily: most swaps happened before the end of the year. before fees are due. can we expect more this year and who are you targeting? >> sure, yes. we have been having great conversations across the board. the interest also from new companies has spiked since the announcement. from our standpoint, it is focusing on interactive brokers. 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: brad katsuyama, c.e.o.

of i.e.x. coming up next, california's assembly wants the state to be using 100% clean power by 2045. just how will l.a. reach that milestone? we'll talk to mayor eric garcetti about that and future presidential run. this is bloomberg. ♪

emily: l.a. is looking for the right opportunity in the fight against climate change. this week mayor eric garcetti announced the creation of a new online portal 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. we sat down with mayor garcetti with an exclusive interview at the global action summit in san francisco. thank you so much for joining us. great to have you here. so i want to start by talking about what we're here to talk about today. you know, scientists warned that even if everybody fulfills the obligation they committed to in paris, that we won't be able to stave off climate change. what can a city like l.a. really do? mayor garcetti: we have to do everything. it's not an abstract problem. we have firefighters that died in historic fires caused abouted by historic drought. this is a cause for all people, not just government and companies. but for every human being. i feel a lot of excitement being here, actually. i know the problem has never been worse but i think the excitement, the ease, the speed

and cheapness of doing the solutions have never been this good. emily: what are some of the boldest commitments you are willing to make? would you support a halt on new oil wells in california? mayor garcetti: well, the boldest commitment is to be carbon neutral. now the governor has followed. there is no question we have to get coal-free, which we made a commitment in los angeles but carbon-free. we have to change the way to move around. the third-largest oil fields is under los angeles. only one with a city above it. we have people who are dying of respiratory diseases, who have asthma, absolutely not the right place to be drilling and we are looking at how we can shut those down in an urban environment where there is a especially sh cities of color. how do you generate jobs around the economy that will be green and carbon neutral? in l.a. we have had 30,000 jobs in the last few years. 50% of the remaining coal

jobs. whether it's oil and gas, in houston, to move away to sustainable energy or whether in l.a. where we are built on oil, there's no question that's a chapter of the past and now it's time to move forward. emily: i want to talk about scooters. we've 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? mayor garcetti: i think they're great but we have to find 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 an agreement right now, there's about 15,000 of them in the city of l.a., more than anywhere else in the world, and we want to figure out a way you to work because it take people out of cars. but the emergency room visits, people who were on the streets

unsafely, we have to make sure people do not have intense injuries. i love we have uber and lyft joining. to me is exciting. there will be more electric scooter rides in a year and a half than we have uber rides in los angeles. emily: everyone wants to know about your presidential ambitions. we've been on the road to iowa, new hampshire. where is your head at right now? mayor garcetti: well, my presidential ambitions run through 2018. if we do not have a house that provides a balance of power, who cares about 2020? there won't be a cavalry coming. i'm raising money for our party, the state parties and for great, talented candidates right now. after that's done and hopefully the house is taken back, i will take a months and make a decision. mayors have a unique to add to the decision. we're dealing with practical problems. washington has done nothing to unite us. it's not coastal and heartland. it's really washington and the rest of us.

we who deal with real problems and they who don't. emily: when will we see a decision from you about 2020? mayor garcetti: a couple 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 eric garcetticlimate action summit. at the global that doesn't it for this edition of "bloomberg technology." bloomberg is back there tomorrow in san francisco. don't miss our chat with former secretary of state john kerry. this is bloomberg. ♪ to rent a movie?

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