150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com today. you need i am emily chang in san francisco and this is "bloomberg technology." tesla posts a surge in electric car rollouts. will it be enough to drive the company to profit as elon musk has promised? amazon site criticism over working conditions with a pay raise. we look at what is behind jeff bezos' move to bump the minimum wage.

amazon is also looking to reduce energy bills as it continues its push into our homes. we will speak to the ceo of the smart doorbell company which amazon bought on the part it will play. first our top story, tesla reported its first delivery numbers since it settled its case with the sec. the company rolled out more than 83,000 vehicles, double the number it made last quarter, and 55,000 cars were the model three. will this be a turn for the better for tesla? musk forked over $20 million to the sec. i want to bring in cathie from new york. she is the ceo of easy go, which provides public charging stations for electric the eccles. studio, with me in the dana. the numbers weren't bad. what are the most significant headlines? >> they delivered more cars than

they produced in the last quarter. they are finally getting rid of some of the inventory that was hanging around. the stock is sort of muted today. the big question is demand. is there still a huge demand for these cars? emily: the stock did surge on the back of the news that musk settled with the sec. kathy, is demand telling? >> we are not seeing that at all. hats off to tesla, but we are inilarly seeing demand investment from other automakers as well. we are the largest provider of ev infrastructure in the country and we are building as fast as we can. emily: so you are seeing momentum from audi and porsche. talk to us about the competition tesla will face in coming quarters as other carmakers step up. >> in the first quarter of this year, there were about $100

billion of investment announced by the oems around the world. that includes the european, japanese, and american automakers. since then, every week we seem to get more news. personre promoted an ev to run the company. goinginese automakers are great. we saw the saudi's invest in lucid. to me it seems that if you are not investing in manufacture and mainstreaming of electric vehicles, then you are not going to be doing a lot of business. emily: dana, you had tesla owners turning out in droves to help get these cars out. talk to us about whether tesla can sustain efforts to meet these numbers under intense pressure going forward? >> there's always another hill for tesla to climb.

people showed up in stores and were really helping. i'm sure everyone is exhausted. this is really seen as a watershed moment for the mainstreaming of electric vehicles. here in california, i see more and more model threes on the road. emily: the infrastructure has to keep up. what can be done to supercharge the development of the infrastructure across the country? >> we are doing it. we are building not just in california. we are increasing our presence in california. by the end of this year, the uptick is on average 50% in the bay area and the l.a. markets. we are similarly doing buildups in boston and virginia, where we were awarded the volkswagen dieselgate money as a penalty, but to help virginia buildout its infrastructure. fast inilding out

places that are convenient for drivers. some of our favorite places are retail outlets. it is an amenity to have charging infrastructure if you are grocery shopping. what: talk to us about tesla intends to do over the next quarter. we know they are applying for another tent, but they are .ealing with government issues musk will be stepping down as chair. they are turning over $40 million worth of fines. what is happening on the ground to make sure production doesn't stop? tesla hasn't started selling the model three overseas yet. they are only delivering in the united states and canada. they are going to open up sales in europe. they need to accelerate building of the factory in china. the terrorists are hurting them. they want to accelerate local production in china.

they are going to need to pump out the cars. we are seeing this acceleration in construction, correct? >> they said in the release today they want to accelerate it because of the tariffs in china. emily: talk to us about the implications of that. obviously china is a huge market. now steve in controversy as a result of the trade war. >> china is a huge market. chinese manufacturers are scaling up. all the oems, the german carmakers, american carmakers, are establishing a presence there. the thing about the accelerating market is i have not met somebody who would go back to not. we have three concurrent factors that are pushing this market. the performance of the cars is fantastic. it is really a great experience. second is that it is now more

cost-effective in many places to drive ev. the environmental drivers are incredibly important. the policy environment is coming -- is going to continue to push. emily: will the numbers we saw today be enough to drive the company to profitability? >> they didn't say anything about profitability in the release. the big question for tesla is the some credit. that could look them over the top for profitability. emily: i know you are following all of that with tesla earnings coming in a month. >> about a month. emily: you will be very busy. thank you so much as well. california wants to bridge the gender gap in company leadership. how the board networking site could help it get there. that is next. and if you like bloomberg news, check us out on the radio, bloomberg.com, and sirius xm.

this is bloomberg. ♪

emily: california companies are about to see women take charge, at least that is the. governor jerry ground signed a senate bill requiring california public companies to have at least one female board member by the end of 2019. women held zero seats on 25% of the state's publicly traded companies last year. the push ramps up in 2021, requiring companies to have at least two female board members and boards of six or more to have three.

many silicon valley giants have yet to meet the board list. nearly 3000st endorsed women and leaders to serve on public and private boards. joining us now is the ceo, shannon gordon. what does this mean? >> we are about to see change in the composition of boards in california. europe has had board quotas in place for over a decade now. their numbers have moved from the low double digits all the way up to 43%, 44%. emily: we often get the question, do quotas work -- do quotas work? >> the numbers move, yes. emily: how significantly? >> 11%, 12%, up to where the quota is set at. emily: do those women who have been added to the boards actually have a voice? >> that is completely dependent

on how the company approaches the conversation, how they incorporate the new members, the skills they bring to the table. it is an inclusion issue after that. emily: there are several companies that don't measure up. facebook, pretty surprising given sheryl sandberg's leadership, but facebook only has two female board members and they won't reach that threshold if they don't add more. why is it so hard? >> one of the reasons the board list was founded is because our founder hurt all the time, we would love to add a woman but we are not sure where to find one. many board searches are filled leveraging social networks of the board or ceo. those tend to be fairly homogenous. we are interested in extending the lands, broadening those searches. emily: the female board members on the facebook board are sheryl sandberg and sue desmond, who we

are going to speak with later in the show. as you look through the company rosters, what other companies are concerning? >> i think any company that is a publicly traded company in california, private as well, that don't have representation for women on their boards is con it is a difficult argument to make that the best talent is represented in a room where 50% of the population isn't represented. emily: have you gotten a lot of activity as a result? summer, weut of the see an increase of about 30% in search volume. this year we've seen 70% increase. emily: what kind of candidates are you offering, and are they being received well? there are women out there, but oftentimes these companies say they are not good enough or they don't meet the standard. >> which is very surprising.

we don't hear that very often. 80% of our platform is either ceo, executive, or a board member. these women are qualified. the trick is finding the right experience to match what the searcher is looking for. emily: so you've done a survey of the board list community about their feelings around quotas. what did you find? >> overwhelmingly the community supports it. we do of course include searchers in that survey. men and women as well as people who have endorsed women for board service. overwhelmingly, the numbers came back in support of this bill. that is not only california. hope legislation like this happens in their state as well. emily: gender isn't the only measure of diversity.

should the government be mandating other kind of diversity? race, sexuality? >> we would love to see this all happen without legislation. one high challenge our community to do is to think about this, let's do one better. if you are going to put a woman on your board, let's make it intersectional. there's no reason why candidates couldn't be african-american, latino, so many different candidates out there to choose from and so many perspectives. emily: realistically, is that going to happen without laws? >> good question. the gender parity issue hasn't. that is one of the reasons the legislation went into pace -- into place. i'm hopeful. i'm optimistic. we will see. emily: shannon gordon, ceo of the board list, thank you so much. speaking of a woman on the board of facebook, we are going to hear from one of them when we

return. sue desmond hellmann joins us next. bloomberg tech's livestreaming on twitter. be sure to follow our breaking news network on twitter. this is bloomberg. ♪

emily: the bill and melinda gates foundation vision is a world where everyone has the opportunity to live a healthy productive life. the foundation spends billions around the globe tackling issues like child mortality, infectious disease, health coverage, and access to education. they are also believers in data and the power of technology to solve pressing issues. we caught up with ceo sue desmond-hellmann in seattle. take a listen. drives how way, data

we take action. globally, we use data on the global burden of disease to decide which diseases to invest in. malaria, in hiv, specifically because those are the top killers of folks who live in low resource areas. that is completely a data-driven decision. tothe u.s., we use data understand neighborhood census zones that are filled with opportunity, where people can have the american dream, and areas that are low opportunity. that is driving some of the questions we are asking about economic mobility in the united states. emily: you lived in uganda working on aids and cancer. you have worked on gene therapy and precision medicine. where do you see the biggest breakthroughs in the near term? >> one of the most exciting

areas was the subject of a nobel prize for medicine or physiology just yesterday. that is tapping into the immune system to treat cancer. it is early days, but it is the kind of science that i love. celebrated that was with the novell yesterday was all about the cancer sending a signal to turn off or turn down your immune system, really and dastardly thing. the cool thing about that science is once you know where that single is targeted, you can take off the brakes. today's cancer treatment, the kind of cancer treatment that allowed jimmy carter to celebrate his 94th birthday, is all about taking off the brakes, and your own immune system allows you to self treat your cancer. if i said that, you would say that is science fiction. that is actually happening now

and is a way that patients are treated today. emily: if you saw all these problems around the world, you eradicate cancer, hunger, there's concerns about over population. bill gates posted a letter to demonstrate his point that this shouldn't be a concern. why aren't you concerned about overpopulation as a result of your efforts? >> i actually think it is one of the things that is underrecognized. if life gets better for populations, if life gets better for women, they have fewer children. prosperity means that people have options. your children actually surviving beyond their first month of life, beyond their second and fifth birthday, means women choose to have fewer children. it is actually a myth that helping people live long, prosperous lives can drive overpopulation.

in fact, we just had an event last week. goalkeepers 2018. andelebrated the prosperity a billion people lifting themselves out of poverty since the year 2000. in those areas where women and families have been lifted out of poverty, they had fewer children, not more. a hugemelinda has been advocate for birth control, add-ons with the views of the current administration. how do you balance your work with the views of the u.s. government? >> it turns out that there's actually something that virtually anybody you talk to, conservative, liberal, no matter what their religion can agree is women should be able to decide how old she is when she has her first child, how many children she wants to have, and how she spaces her

children. all those things should be in a woman's hands. no matter what your beliefs are, allowing women to drive her agenda on when she has children, how many she has, and how far apart they are born, all those things are why we care about family planning, and we want women to be able to make that safee, to make modern, birth control available for women all around the world. emily: you obviously have your own experience and you are working with smart people in bill and melinda. how do you balance your ideas with there's? >> i love working with bill and melinda. so many opportunities i've had in my career, when you work with people who are smart and passionate, you can disagree. you can have wonderful dialogue about where to invest, how much to invest, what priorities

should be. we very uncommonly disagree, partly because we have very similar values, and in part because they are so clear about the north star foundation. everything we do across the world has one thing in common, and that is equity. sharing that and sharing values means that most of the time we agree. emily: you are also on the board of facebook and i have to ask. on the heels of cambridge , thetic and the big attack founders of whatsapp and instagram leaving, the public trust in facebook has eroded substantially. what is your best argument for why mark zuckerberg should maintain majority control and chairmanship at this point? facebook andtor of as the lead director of

facebook, having worked with mark and having known mark before i joined the board, i'm so impressed with how he's grown and developed as chairman and ceo. something i'm sure you covered, the switch from desktop to mobile required enormous drive and leadership, and a huge change for facebook. facebook has a number of challenges and i have confidence that mark as chairman and ceo is going to drive facebook in the right direction. i would endorse everything he's written and his testimony because i have confidence in him and cheryl and the leadership team to drive facebook to be what i want facebook to be. emily: bill and melinda gates foundation the io sue desmond-hellmann, thanks for joining us. up next, jeff bezos linked. amazon raises the minimum wage for workers in the u.s. and the u.k.

how will this impact the bottom line, and could we see other competitors take notice? this is bloomberg. ♪

emily: this is "bloomberg technology." is increasing the minimum wage for all employees in the u.s. and the u.k. from november 1, in the united states come the company will pay $15 an hour at minimum. the rest of the u.k. raised to nine pounds 50. amazon said it will apply to all including subsidiaries. the company senior vice president of operations explained the move to bloomberg markets earlier today. >> we've had a great year hiring and retention payment as we look wantrd, we said what do we

to be as an employer and our focus of paid to be. we decided to go ahead and move now to the $15 an hour in the u.s. starting november 1. and the nine pound 50 across the u.k. and 10 pound 50 in london effective november 1 as well. just a note in the last couple of minutes, i want to os for doing the right thing. is this amazon reacting to political pressure? >> we did look at what people have to say. he stepped back and said, what do we want our focus to be, how do we want a review on paid to be going? harded we thought long and about it and decided this is an area we can take a leadership position in, and that is why we went ahead and did it. we feel comfortable where we are headed both in the u.s. and the u.k..

said that previously including stock incentive bonuses for many if not most workers, the pay would have been about that anyway. what is that due to amazon's bottom line? how much more are you spending now on wages? we have previously discussed their average pay being over $15 an hour when you include all the stock and incentive pay. what we're talking about today is a minimum cash pay which will be effective across the u.s. and the u.k. what itlk more about means to the overall company bottom line in the earnings call later in the month, but we are excited about what this means for the company and what it can mean for customers over the long-term. today is a very exciting day for our employees as they receive this news coming with the holiday season. next should investors be concerned about profit margins? >> our focus on both price and selection are unchanged by this. we expect continuous great

prices, great selection and great service for customers in the months to come. >> you've also indicated today that you will all be for more broad increase in wages, the minimum wage. where do you think that number should be? and how significant an impact do you think what you have done today will have on that process? believewe know is, we $7.25, the federal minimum wage in the united states is too low. we will let the experts decide what the number is. for us, in the u.s., that number is $15. when courage other large employers to join us there. >> currently i think target pay -- let me just check my numbers here. got target paying $11 and some of the other competitors paying 12. or it's the other way around.

those numbers are the -- or too low is what you're saying. makes were saying we think the $7.25 minimum is too low. think of others join us at the $15 level, it would be great. >> what is the next plan? long will this be the minimum wage for amazon and in what point do you anticipate needing to increase even further in order to attract talent? >> it's a great question. overallat our compensation structure in every part of the world every year. we will come back and look at it ifin in 2019 to determine there's anything else needed at the time and will do it every year going forward as we have in the past. emily: that was dave clark speaking with vonnie quinn. one of the critics calling for an increase to the minimum wage

has been senator bernie sanders, who took to twitter shortly after this announcement, tweeting, i want to congratulate jeff these us for doing the right thing for raising the minimum wage at amazon. the fight for $15 movement has been leading this effort. what he's done today is not only enormously important for their employees, it could well be a shot hurt around the world. i urge corporate leaders around the country to follow his lead. withalk about this more brad stone who wrote the book on amazon. lot of context leading up to this, and amazon has been under fire for the better part of a decade about how much it pays its workers and the conditions in the warehouse is. put this into context for us. brad: they've been under fire for a decade, but really it intensified this year. 10 in states like in

spain and ohio, bernie sanders kind of embrace the cause in august and introduced a bill that would tax employs 100% of the value of public assistance to their employees. you heard a clark say this was a political reaction -- was not a critical reaction. i think amazon does listen to its critics. decided,zon has s beinglarly with bezo the wealth's gun the world, that this is not an area where they can afford to keep getting hammered. >> your often skeptical about some of amazon's efforts. is that the same with this one? >> give them credit for responding to criticism. i was struck by the rhetorical change at amazon in a month. , month ago, dave clark executive who runs amazon's warehouse, who we just heard from, he and amazon put out this defensive blog post basically

defending amazon from the criticisms of senator sanders and others. toing find out him referring food stamps, the federal assistance program as food stamps, saying it is an antiquated term, encouraged amazon warehouse workers to reach -- reach out to senator sanderson tell him their truth. that's the words they clark use. a month later you have him standing up and saying we listen to criticism and we believe $15 an hour is a fair base wage for amazon workers. fromis quite a turnaround the defensive tone the company had a month ago. emily: what should we take away from that? he doesn't always caved to public pressure. when we see tactical retreat from amazon, they are usually good business. this is good business. it's very tight labor market.

amazon is going to be hiring more than 120,000 temporary workers. workers, just now being the wealthiest person in there's continuity between that fact and the fact that his workers have trouble learning a living wage. it is certainly good pr heading into the buying season and amazon can afford it. could analyst saying it add $2 billion in in criminal cost to the bottom line. target and walmart pay their workers $11. this this mean amazon can that are compete? shira: i think that is amazon's bet, as brad said. you have to look at the labor market conditions in the united states, which are tight. if amazon can do this, get good pr heading into the holiday jobon and steel some good

applicants from places like target and walmart, then that is certainly good for amazon's bottom line. thatould point out that if $1 billion to $2 billion figure is correct, amazon's annual operating cost is something like $60 billion plus a year. so one or $2 billion is not a huge dent. emily: we were looking at a chart comparing the median amazon -- you have entirely white-collar corporate workers working at google and facebook and amazon. how does it balance its identities going forward? brad: it's just the reality of being in any commerce. it's a company that tries to bill itself as a technology and engineering company, but the reality is that the majority of employees there are working in the warehouses. emily: do you think there is anything political going on here? this in the midst of president trump directly attacking amazon

for not being happy about jeff bezos'leadership in the having justost, paid a visit there. are there any political undertones there? way a decisionno like this happens without the politics. amazon operates in the real world, not in a political. the fact is that amazon has faced political criticism, both from the left side of the political spectrum and from the right from various other issues for evading taxes, as the president has accused amazon of doing, crushing small town retailers, and the left and the right sides of the political spectrum, i don't think amazon can ignore the shouts from both sides. absolutely not, and particularly if they are going hq2.shington with

clearly amazon wants to reduce its own vulnerabilities so these discussions will get louder. emily: thank you both, as always. meantime, amazon will also be increasing the amount of european content on its streaming services. new european union rules agreed to on tuesday stipulate video on demand services will have to ensure at least 30% of their content is made up of european content. it still has to be rubberstamped by e.u. membership. netflix is doubling its budget and amazon will soon have at least a dozen original series. coming up, amazon wants to make your home a smart, connected environment. one of the key devices is ring doorbells, cameras and more.

more on that, next. this is bloomberg. ♪

emily: let's head to the geek were summit in seattle. amazon bought ring for $1 billion this year. talk about how the integration is going so far. what have you been able to accomplish that you wouldn't have been able to accomplish without amazon? question for amazon, we were doing great, but raising a lot

of money, working really hard on both sides, building product and also running the business. now with amazon and this great foundation that i'm able to build off of and just focus on my customers, which we call neighbors, and our product, and just making it better and getting it out there to make neighborhoods safer. emily: so amazon just rolled out 70 new voice-activated devices. how is raining part of this am -- how is ring part of the amazon everywhere push? jamie: it's only been five months since we did the acquisition and close. one of the things we announced canelectric car so now you arm and disarm your ring alarm system from alexa. emily: which ones have been most popular for users? jamie: for the alexa stuff, it's

an area where were still learning which features on the most popular. for me, it's the reminders. i actually just reminded my wife the other day that i love her when i was traveling. i had forgotten to remind her in the morning. that's probably my favorite one that got me the most points. emily: you have my support after that. any other new features in the pipeline that you can tell us about? ring, it's really a mission about trying to reduce crime in neighborhoods. effective and affordable security products that make our neighbors lives better. one product we launch that's doing early well is our neighbors at. anyone can download it for free and be part of making your neighborhood safer. emily: walk us through your reason for selling versus staying independent and competing with amazon at this

stage you made the big decision to sell? the decision was really around finding a partner, a very mission focused company, so finding a partner that believed in what we were doing and wanted to support that. i was not the entrepreneur that had the idea that i was going to exit, i really didn't have a definition for where i wanted the company, other than i wanted to make sure we were still able to impact people. in really team came believed in that mission and spent time with us, that's when i felt it was the right place to put myself in the business to support our neighbors best. emily: i should probably disclose that i am a ring customer, and there are many features that i love, and i will certainly remember to use that feature to remind my husband that i love him, but one feature that is frustrating is the battery life. the battery -- it lasts only a few weeks and i don't know when the battery has died so i miss

people coming to my door and i miss packages. what are you doing about that? adding a lot of solar accessories to our products. we will also be coming out with some technology ways that will update into the current products you have to extend the battery life. hopefully we will be able to adopt that over the next few months. a lot of the technology comes from the integration we have been able to do with amazon, now being able to leverage a much bigger pool of technology experts that we just could not as a small, independent company. emily: what do you say to the customers who may be do not want amazon everywhere, when it comes to privacy and the risk that your smart doorbell could be hacked? jamie: i think that amazon has done a wonderful job of securing and protecting privacy around their customers. we have focus really around that for our neighbors. i do believe we are one of the best solutions for security in a

neighborhood and select customers continue to choose that. emily: what do you have on the competition from other smart doorbell products? there seems to have been an explosion in this area in the last couple of years. ,amie: from a competition side we've had literally hundreds of people come into the market. while we have a never to keep such a large market share, i believe, is because we really are there to deliver effective and affordable solutions to our customers. we are not about just trying to sell a product. we are about trying to sell something with effectiveness. we have been am a proof that in our study we just did with the new york police, where we were able to reduce burglaries by 50%. it's really about the effectiveness of our solution, not just the particular hardware products. tank: famously, shark terms you down, but you've had the last laugh, and you're going

back as a guest judge. what do you have to say to the judges who turned you down, and how do you make sure you and they don't miss the next ring? toie: now that i've failed go to the other side of the tank, i'm sure i will miss the next bigring, because it's very tough to pick who is the best and who is not. i really have no animosity for any of the sharks. that platform is really what into what itring is today. i do wish we had gotten money at the time, i was broke at the time, so it would've been nice to have that money, but we still made it. i tell other entrepreneurs, we were turned down over 100 times, you've just got to keep going. emily: i'm sure you will get some sheepish looks there when you return. thanks so much for stopping by. of, twitter intensifies its hunt for fake profiles ahead of the

u.s. midterm elections. the details, coming up. this is bloomberg. ♪

emily: twitter is ramping up its fight against fake profiles before next month's elections in the united states. the company said its lack 9.4 million accounts per week. it removed about 50 count set misrepresent them -- themselves. meantime, facebook announced a new anti-bullying feature that allows users to block offensive or unwanted comments from the post by selecting keywords they don't want to see. the tool comes long after

similar efforts by other social media platforms. facebook owns instagram and twitter and both introduced these features in 2016. will be joining the summit and the administration alsoit hopes twitter will be represented. prominent republicans have accused social media companies like facebook, twitter, and tech companies like google of silencing conservative voices and new sources. makesets parent denies it content decisions based on politics. >> the president will preside over a conference and we will have these social media and search companies and some who are dissatisfied with those companies. i don't know if we have set a date but i imagine it will be around the middle of october. many companies are

revealing electric cars, renault does not feel threatened i tesla. >> were not competing against tesla. most of our offer is in the middle market in terms of electric cars. not -- in ay certain way we are allied in the promotion of the massmarketed, affordable electric cars. ceoy: that was the renault speaking with bloomberg at the paris motor show. that does it for this edition of "bloomberg technology." tomorrow we will be back at the geek wire summit in seattle. do not miss our conversations. i'm emily chang. this is bloomberg. ♪

>> welcome to "bloomberg daybreak: australia." celtic: i'm in hong kong. recounting down to asia's major market opens. haidi: here are other top stories recovering in the next hour. small caps slumped to a two-month low. september was a bumpy ride for four.