>> i'm emily chang in san francisco and this is "bloomberg technology." google not disclosing a software glitch that left users exposed. how it happened and how regulators may respond ahead. plus, facebook is taking on amazon and google with a new smart speaker optimized for video chat. do consumers want facebook in their living rooms after a string of privacy scandals?

the united nations is taking a grim picture of the world's climate future with a big price tag attached to slowing down global warming. how technology can play a role in saving the planet. first, to our top story. google is shutting down its platform after finding a glitch that could have exposed hundreds of thousands of users. despite discovering the bug months ago, google didn't disclose the issue until now. shares in alphabet fell after "wall street journal" exposed the breach. for more, bloomberg's tech reporter from new york. is essentially defunct. how did this happen? >> google admitted in its own statement that user engagement was very low, something we as consumers all know. we probably downloaded google+ several years ago and never went back to it.

the profiles of hundreds of thousands of people are still on and this api allowed a developer to request a view of certain pieces of user information. this would have included your name, your gmail address. there wasn't private messages sent between users, that was not exposed. identifying information was sort of out there and open for any developers who had access to the api and figured this out to request it. emily: what can you tell us about the timeline as far as how they realized it and decided not to share it with the public? gerrit: there has been a firestorm in interest in fighter -- data security in tech companies the last two years come especially when it comes to facebook. january 2018, google internally decided to do a major security and privacy review of all of its product. they wanted to make sure this thing wasn't out there unbeknownst to them.

in marchething found 2018, right when facebook was bearing the brunt of the cambridge analytic the scandal, right around the time mark zuckerberg was hauled in front of congress to explain his company's actions and google decided not to put that out there. they admit they founded it in march 20 18, decided at the time they didn't feel it was necessary to tell the public. "wall street journal" reporting google made the decision because of the political pressure they had seen in the space at the time. emily: how will this ratchet up political pressure? smarting for not sending someone to testify in weeks ago when sheryl sandberg and jack dorsey went to testify. he is scheduled to testify before congress at some point in the coming weeks. how do you expect lawmakers will take? to this gerrit: lawmakers will jump on this like every other issues tech companies have had over the past couple of years.

google has gotten a lot of attention in the last couple of months. before that, although they had faced criticism, they had skated above the worst of it. that had been reserved for facebook and twitter, but they are at the center of it. the president tweeted a month and a half ago that google was only showing negative news about his presidency. he was very upset about that. conservative politicians have said google has a liberal bias. they are suppressing liberal opinions on youtube and they want that to change. there is no evidence this is happening. google continues to push back at it but it doesn't seem to be going away. google will continue to be a topic that politicians like to talk about. as we head into the midterms, on the republican side, it seems facebook, twitter, but google is in the focus right now. it is a way to get voters out. they are sending messages to conservative voters that google is a big, bad technology company from california that doesn't

respect your privacy and trying to shake the country toward the more liberal position. this seems to be gaining traction with some voters. it doesn't look like an issue that will go away for google. emily: what do we know about the date of the testimony and the substance? gerrit: that is still being sorted out right now. i don't have a lot of information on what that will look like, but especially with this news, it will add another thing we will have to talk about. thanksgerrit de vynck, for weighing in in new york. now, facebook is going head-to-head with amazon and google with its first smart speaker, called portal and it comes with a display optimized for video chat. simplify meant to video and track your movements. if you move, so does the camera. it i'm -- automatically identifies people in the room and keeps them in frame. consumers have bought into similar devices like the amazon echo show, but with facebook's

recent privacy scandal, will portal be considered creepy or convenient? to discuss, the vice president of portal. thank you for joining us. you know about the context and conversation happening right now in which this is being released. we will go there, but how does it work apart from amazon and google and what is on the market? >> this is really a new platform that we designed from the ground theo help you connect with people you care most about. what we need about that is video calling today has a lot of friction, so we wanted to get you from feeling like you are in a call to feeling you are together in the same space with the people you care the most about. sounds great and agreed, there is a lot of friction with video calling, but are people really ready for facebook to be the device maker in their living room after all the trust issues that have come

up in the last couple of years? rafa: we provide a lot of value with this device. the newt just a video, generation of video calling technology, but a great speaker, a great video player device and incorporate alexa as a general home system and -- persistent. -- assistant. privacy is paramount, but we plan to privacy from the ground up. the fact we have to build the hardware and software to change the people to munich eight, a lot is to put privacy in every player of the stack. emily: how does this work? if it is off, is it still listening? when i don't want it to be? where does the data go? videono, the only time it s is when you are connected to your loved ones on the other side, and that is encrypted. all the smart camera features we talked about that really keeps

you in frame, pans and zooms, makes it a hands-free experience and makes you feel like you are there. is running locally on the device and that is industry-leading. emily: any data it collects about me is encrypted? all or just the video? rafa: the video leaving device. we don't do recording and sure, we get call logs, but similar to what you get in messenger. really interacts with mobile. you can call with anyone out of the box you are connected to with messenger and you get call logs so we can give you better service and measure the use of our network so we can dimension is properly. emily: audio encrypted, as well? rafa: the audio for videos is encrypted. you can communicate with the device for voice number mainly through alexa. it works similar to any alexa device. emily: facebook has the call

logs? rafa: we have to call logs. nothing different from messenger calls were on any device service. emily: you heard the conversation earlier and are aware some people might push back on this and not feel comfortable for this. why did you guys decide to release this now in the middle of this uproar about privacy? rafa: for us, it is about helping people connect with people they care the most about. facebook has focused a lot on breadth of connection, now we are looking at the depth of connection. how can we give you value? not basically getting you into a call, but feeling like you are there with the device. the value to us is to help you connect with the people you care the most about.

in the future, we are looking at integration. right now, the u.s. is the dominant network. as we launch internationally, we will. emily: how long have you been working on this? rafa: less than three years? emily: what is the goal? is the goal to take share from amazon or google? somehow tie us in even more to the facebook ecosystem? rafa: the ultimate goal for the users is to help you not just connect, but to make you feel connected to the people you care about. in that sense, iit is adding depth to the services we provide. emily: we talked about what facebook is doing to make sure the data is encrypted, but what about safeguarding it from hack attacks? something you may not intend to happen. how do you prevent that from happening? only byplications are

invitation with early partners we work with and obviously, we are doing all the tasks possible with security on the device. emily: what is next? where do you hope this goes? rafa: we hope this changes the way people connect to their loved ones by making distance disappear and helping you maintain those relationships with the day-to-day feeling together, seeing each other face-to-face and getting connected. do you see -- emily: the you see him oculus -- an oculus tie-in? rafa: sure, we are looking at social presence. our product is focused on video presence. you can hang out on oculus and your portal him so those are things we will look at in the future. emily: all right, rafa camargo, thank you so much for stepping

by. next, the latest climate change report from the u.n. is a disturbing read. giving the planet a steeper timeline to arrest global warming. how the world of tech and how tech can play a bigger role in saving the planet, next. if you like bloomberg news, check us out on the radio, listen on the bloomberg app, bloomberg.com and on sirius xm. this is bloomberg. ♪

emily: the latest climate report from the united nations hates a grim picture -- paints a grim peach or -- picture. the solution comes at a cost. the intergovernmental panel on climate change says the world

-- every year through 2035 and cut the use of power to nearly nothing by 2050 to avoid catastrophic damage from the climate change. the atmosphere is already one degree celsius warmer than at the start of the industrial revolution and predict that will rise to three degrees by 2100. that is double the pace targeting and 2015 paris climate afford -- record. could technology save the planet? we are joined from new york and in the studio, i have emily, who is an expert in climate adaptation and resilience, and the founder and ceo of 427, a provider of intelligence on climate change. can you set the stage for us? and us through the numbers is such a price tag achievable? >> we will see, certainly. this is the report commissioned

by the u.n. two years ago after the paris accords. it doesn't deliver great news. it presents a very strict timeline that we have to reduce global emissions before 2030. they suggest that something on the order of 55 or 60% cut in global emissions below last year levels by 2030 and zero out omissions by 2050. challenge and represents ambition we have not nations thatn from were so supportive of the paris agreement three years ago. emily: emily, what is your take on these numbers? emily: the technology is there to reduce emissions, but we haven't been investing enough. what the report says is to keep

low, weons -- emissions need to capture carbon emissions and this technology is not ready at scale. emily: talk to us about how we get there. what does it take for that technology to be ready? emily: someone needs to turn it on and no one has turned it on. technology to the scale needed, we don't have the political will , not in the u.s. but even in other countries. it is not moving fast enough and we don't have the investment to follow suit. the technology is there for carbon free energy for reducing , the number activities and for preparing and adapting to climate change. we're just not using it. emily: who needs to turn it on? who can make this happen under the companies that make this happen? , but: government governments may not be there yet. a lot is going on in the private sector and a lot of mobilization from investors and corporations

to invest. -- theeds to come companies that are pushing this type of effort are still the minority compared to the corporations out there. emily: what is the likelihood big tech or big business could do some of this on their own? eric: we already see hopeful stories from around the world of enormous investment in technologies that have matured in some ways faster than even close watchers of the space would have believed, particularly in solar and wind power and the electrification of automobiles. i would like to echo emily's point about the carbon capture technologies. these are very interesting projects that are getting a lot of attention and some money, but one thing that is worth considering, we also saw today the awarding of the 2018 nobel prize in economics to william of yale,e -- nordhaus

and he spent four decades trying to understand the relationship between what cost of pollution is, what is the appropriate price for a ton of omissions, with the consequent reduction in emissions. many economists will tell you people to respond to prices. people us bond -- respond to incentives. having a price on carbon, the economist will tell you in there many experiments around the may be needed to get these technologies up and running in time to meet the challenges outlined today in the report. emily: what are the consequences if this doesn't happen? what is the difference between one degree celsius and three degrees celsius? we are already seeing the consequences of not having done our homework before, and we're seeing you today.

extreme weather events, japan had nine typhoons this season, which is insane. the impact are there and will only get worse. a half-degree difference between one and a half celsius degrees by 2040 or two degrees makes a tremendous difference. this is the average of the entire earth, so you have to imagine the amount of changes that need to happen to move the needle by half a degree globally. that means more extreme weather events. that means water scarcity, more wildfires, losing our coastlines. that means a tremendous amount of impact we are not currently adequately prepared for. sophie: meantime, you've got big tech companies, microsoft, amazon, google, teaming up to to identifygh -- ai impending famine. it was a very interesting project announced today by those

particular tech leaders. the goal of that project was to look for natural and social metrics that when certain alarm bells go off among each of them, it may be an overall early warning signal. it could be interpreted as a warning signal for famine. one thing that is interesting voluminousst in our talk everyday about the data and ai, is that climate and weather were the original bid data topics going back to the 1960's. pattern recognition and machine learning in some ways cut their teeth early on these topics. later now,e decades we are seeing this really highlyting marriage of sophisticated, highly advanced, cutting-edge ai being applied to less cutting-edge government supported models that evolved

over the last few decades, and that combination of this old approach to modeling with these new ai tools is producing some really interesting startups at exactly the time we will need the most. emily: all right, fascinating stuff. bloomberg's eric roston and 427 ceo emily mazzacurati. foundingloomberg, majority member of bloomberg news and bloomberg lp is a you and special envoy for climate action. "bloomberg technology" live streaming twitter. follow our global network tictoc on twitter. more coming up. this is bloomberg. ♪

musk's spacex is having the steady success that has eluded him at tesla. the 17th launch of the year sending an argentine satellite into orbit. the rocket landed at vandenberg.

spacex completed a teen -- 18 last year and is on track to exceed that. a majority stake in closely held rocket software. the deal is valued at $2 billion including debt, rocket offers tech services to companies using ibm products. spending will be increased on research and development. rocket is owned by foursquare capital partners. the bitcoinff has exchange restructures operations amid a selloff in cryptocurrencies. financial news reported the london-based exchange will cut 40 employees. the ceo told financial news it is practice to assist staff numbers according to environmental changes and a significant trade volume change in the market. cryptocurrencies have crashed in 2018 after the speculative frenzy that fanned a rally last

year fizzled amid scrutiny from regulators on the slow pace of and additional adoptions of this and all assets. bitcoin, coming up, serco wants to help startups raise cash with crypto and what is to come to go to -- become the go to option. we will speak to the ceo of circle later this hour. plus, a rocky road to confirmation for justice brett kavanaugh. next, we will talk about his addition to the bench and what it means for the issues basic technology. this is bloomberg. ♪

emily: i'm emily chang in san francisco. this is "bloomberg technology." we talked about the on climate change's call to intergovernmental panel stave off a fossil fuels, one way to do that is to move toward electric cars. the e-tron was just released and what is unique is its approach to plugging it in. they have teamed up with amazon. here to discuss it is a contributor to bloomberg's opinion. amazon will be installing my home charger for my audi? >> that is right. proverbial audi e-tron.

amazon will use its home services division to do installation of these chargers. and home services is one that i can confess i've never used before, because it is for infrequent big purchases, maybe something you do once or twice in a home's lifetime, like a refrigerator or a home charger. so what this is doing is removing quite a bit of the friction out of doing something that you do not do that often. it is an intriguing way to just simplify a process. you may know what charger you want and i am sure that adui would have a pervert -- audi would have a preferred set. this is getting somebody in the home to take care of the paperwork and to the connection for you. emily: what about this for amazon, assuming that this is a sliver of their business and for tesla, for which this is a huge part of their business? nat: good question.

for tesla, and i give a talk about this last week at a conference in london, it was essentially existential. you have the chicken and the egg problem, without a network you cannot charge your electric cars, and without knowledge or chargers you will not sell a lot of cars. so for tesla, they built a network first. for amazon, i doubt that this would be materially significant, even with any given decade in the future. it is intriguing to me, because it is getting amazon into the home in another way. emily: you do not think that this could become a much bigger business for amazon? in nat: i went with a middle is thought experiment on it, which was last week, or a couple weeks ago, amazon released new gadgets and one was a microwave. it simplifies a process that is full of menus, options, opaque ways to do things where you could just say, heat this up for me.

charging is similar. it has latency in it, there is time involved, there are many messages -- there are many decisions you could make, but probably you do not want to do. so say amazon rolled out its own charger in the future and you drive in and say, amazon, i am not going out tonight, so charge me up. imagine further that it is all you want charging for your prime account, or something like that. emily: interesting. nat, thank you for weighing in. well, after one of the most contentious confirmation battles in american history, justice brett kavanaugh has been sworn in and is set to start hearing his first cases. so some of the high-level issues impacting technology, how will this appointments way the court's decision? we have our litigation analyst matt larson.

this is still fresh for a lot of people, but whether you like it or not he is sworn in and he will hear a case this week. what are some issues facing tech that he will be hearing and how do we expect him to rule, whether it is net neutrality or ip? >> i think you touched on some big issues. when you think about tech, privacy is a big one. the balance between security and individuals' rights to protect their data. it is an issue tech companies are grappling with. another one impacting tech comes in the form of employment and labor issues as we are moving from kind of a traditional employer, employee relationship, to a lot of companies like uber, where the companies are contracting with individuals who are just working on a gig basis. what does that mean for things like arbitration agreements, what about compensation? a slew of issues. and dissemination issues come up -- discriminant -- discrimination issues come up at

tech and in the larger economy, dealing with wage discrepancies and a host of different issues that impact different groups, you know, to different extents. emily: so justice kennedy was the swing vote, whether he was always in every case, he certainly was sometimes. so how will justice kavanaugh be different? matt: i think the way that many people view the supreme court, which falls in line with the way that it rules, is kennedy was kind of the center or ideological center of the court, sometimes he would side with one side, or the conservative side, or with the liberal block, depending on the issues. with brett kavanaugh it is certainly anticipated to be a shift to the right. but that being said, it is not as far right as some of the potential candidates that were out there. so when you look at his history

on the d.c. circuit, a lot of commentators point out that he frequently ruled in line with merrick garland, who was stymied last time around. there is middle ground. in terms of his jurisprudence, colleagues are complementary of his -- of the way that he considers other sides. he seems to be thoughtful. i think we discussed last time, david kirkpatrick pointed out that he is academic and consider it when writing his opinions, but there is hope that his presence on the court may not be as far right as anticipated by some groups. emily: what about when it comes to women? we know about the allegations in alaska believe, but google, the department of labor has a big investigation with female employees and dissemination. the supreme court being asked to consider arbitration clauses, which considers sexual-harassment cases to be settled in private. how, or will justice kavanaugh go with this issue? matt: i kind of take, i think, two perspectives on that.

one is looking at his history on the d.c. circuit and how he has ruled in the past and arbitration cases or labor related cases, kind of the bull and the bear case. he has traditionally ruled pro-employer. emily: pro-employer? matt: yes, limiting on what employers can do. and he looks at things narrowly when it comes to reviewing decisions that come out of arbitration or labor review board decisions. again, he tends to be pro-employer, but not in all cases. in a lot of these decisions, they are unanimous or there will be a concurring opinion, so it is not like he is outside of, or wait outside of the norm, but he is pro-employer. when you look at discrimination cases, this is where it tends to get dicey, even with arbitration for a lot of these groups, and

for a lot of women, this is about banding together and being able to operate as a collective voice. it is beneficial when pushing back against policies that are discriminatory. so stances on the internet arbitration provision, things like that, kind of separate voices and forced the situation where you have to litigate those issues on individual basis, rather than pulled together a class-action. so,, you know, that is the bear case. on the bull case, he has touted his credentials. his hiring of female clerks. he has hired four. and if you anticipate that inside these clerks are responsible for writing first drops of opinions, pitching ideas, so there is optimism that will influence his decisions down the road. and also there have been studies that ticket with the conservative justices and how they rule on social issues based on their own kids. and so, you know, as one study

put out that having girls has pushed justices a little further to the progressive side when you look at health issues and things but that. it is yet to be seen how he will rule, some justices turned to the left, some turn to the right, but in the wake of a difficult weekend for a lot of people i think that there is some hope that it is not going to be the doomsday scenario that was painted. but it is yet to be seen how things will play out. emily: he has pointed out that he has daughters, many times. a lot of people will be looking at these decisions very closely. matt, thank you so much. coming up, it is blockchain week in san francisco. and the question is, will crypto ever be able to bounce back? will talk about that and the current landscape of ipo's, next. this is bloomberg. ♪

emily: this week, san francisco is hosting a blockchain week, bringing together developers and consumers in hopes of pushing the boundaries of innovation. we have talked about cryptocurrencies a lot this year and especially since crypto's have not recovered from the december high. one man who knows the ever-changing landscape of crypto, the claim this president -- coinless ceo and president. he cofounded the stanford bitcoin group. you are helping with ipo's. what are the trends you are seeing, can this market recover? >> i think it can absolutely recover. what we saw was the market was really starting in 2017 and there was this thing that exploded and i think it was a

combination of institutional investors who saw crypto investors getting involved, and then the real tell -- the retail high made the whole space explode. we thought it was unsustainable at the time in technology was not being made fast enough to support that interest. now we are seeing it slowly rise again as people get more sophisticated, now they understand which will be successful. emily: how are they different today? >> i do not think they are that much different. what is different is the investors. there are more investors coming into the space and existenc -- and the existing investors are doing better. at the end of the day, is the same type of project raining -- raising money and it is understand which are good and which are bad, because at the end of the day so many projects of low quality, you have to make sure you are filtering out the bad ones. emily: massive percentage, this is regulators in the u.k. and u.s. are considering how this space should be regulated. what kind of regulation are you expecting and what are you hoping for?

>> i think the big issue, at least in the icuspecifically, is a security. are they securities or not, and our perspective is generally at the time of the sale all the securities need to be regulate as a such. that is a well lit industry, selling securities and buying securities, and there is a lot of regulation around it today. i don't think it needs to be different for the ico industry. when you look at it as a whole, we have been selling securities in the u.s. for decades. and it is not going to change that much as we call it a token. emily: are we at a new normal, or do you see potential for this route to return? >> it is a cyclical, we do not know what will happen and it is immature. we have to wait until it develops. it is risky to invest in this space. we will see ups and downs of the next couple years. emily: bitcoin is trading in a tight range right now, will that

continue? >> advocate has started to stabilize a little bit more. what we saw until a couple months ago was that every single asset was highly correlated in the space. and bitcoin has asserted to become slightly detached from the rest of the assets, which to me means it is starting to develop its own value. and evaluating that has become easier than evaluating some of these other projects. emily: president of coinless, think you for stopping by. sticking with blockchain, one could be making headlines is circle internet financial. the coven is considered one of the most viable u.s. cryptocurrency marketplaces and is a great to acquire a crowdsourcing form. -- firm. they are working to allow their own customers to trade a wider variety of coins. we are joined by the ceo, jeremy. i'm sure you are listening to that conversation with andy. do you agree that ico's are not

much different today than they were yesterday, but that this period of the volatility is potentially behind us? >> sure. thank you for having me. i think that one could go -- one critical difference is that there is dramatically fewer ico's going on, and i think that is a result of, you know, a couple things. one has been increased amount of regulatory scrutiny around offerings and enforcement action brought upon people who may be did illegal offerings or outright committing fraud. the other is, you know, the vast majority of projects that did raise capital have seen their values come down pretty dramatically. so both of those have i think reduced the number of token offerings, but i think for us this is a really could go period, there is an incredible amount of if a structure that is maturing.

and i believe is that tokenized assets, using smart contracts to create new types of assets, is going to continue to grow and in fact we think of her time there will be hundreds of thousands, if not millions of tokenized assets that people are trading and exchanging all around the world. emily: so why seed invest? >> when you look at our long-term vision, we acquired a popular crypto exchange earlier this year, and when we acquired that exchange we made it very clear that our long-term vision is to build a kind of took a marketplace, where -- token marketplace, where businesses, and eventually individuals, can issue and to distribute tokenized assets and provide a market for those to be able to be easily treated and exchanged. there are some key missing pieces to the fill that vision.

-- fulfill that vision. one is a lot of these tokens will be securities. so we needed to be able to operate a broker-dealer and operate within the regulatory framework of the fcc. so seed invest owns and operates in broker-dealer and they have been at the forefront of really crowded funding models and issuing and raising capital directly from investors using securities over the internet, for the last five years they helped create the jobs act, they helped launch many of the first equity crowdfunding models, including from unaccredited investors, which is part of the democratization of finance. but doing that within this regulated security space. and the other is the have built out a platform to help businesses, to assess businesses, underwrite them, managed their security offering, to do the kinds of marketing and a description needed to help

generate awareness and find investors. those are all give abilities we want to be able to have as we bet out this multisided marketplace for the tokenization of assets. emily: do you see in bringing on more accredited investors or retail investors? >> you know, the power of tokenization is that more and more types of assets can be represented in a liquid, tradable form. it is powerful because in theory it creates a way for smaller businesses and midsized businesses to more directly raise capital. and i think part of the benefit is you can make those assets available through global markets, over the internet, and make them available not just to accredited investors, but also main street investors and unaccredited investors and that is something that seed invest pioneered, a self-service model for supporting offerings to unaccredited investors using the jobs framework that is in place for crowdfunding and different types of securities offerings. to apply that in this spirit is a valuable and important.

emily: ok, the circle ceo, jeremy allaire. thank you. coming up, razor already leading the gaming gear industry with everyday from laptops to a gaming credit service. now it is expanding further into mobile devices, next. this is bloomberg. ♪

emily: by 2022, e-sports is expected to reach over 26 million people worldwide and game gear maker razer is capitalizing on the growth. since 2005, they've designed the largest gaming ecosystem, offering a range of software, hardware and services. their products include wireless routers to a credit service for gamers. and now the san francisco and is singapore dual headquartered company is that the release it second mobile device. the ceo joins us now from los angeles to tell us more.

min, obviously bit of this -- obviously the device space is dominated by apple, samsung and other chinese makers, so what will set yours apart? >> our focus is on the gamers. are 2.30 5 million gamers out there. right from the outset, i think that we started with this kind of laser focus on the games, whether it is peripherals, hardware and software services. the differentiation is the focus on the gamers. emily: so you are going to release a mobile device, what can you tell us about it? >> i cannot talk much about it, but it will be in mobile focused event on the 10th of october, we will be streaming live on our social media channel, so and in so forth. last year, when we announced our first mobile device we had a huge amount of attention and it was a commercial success, so hopefully we will be of to replicate that again this year. emily: how big do you see the

e-sports space growing and how big a part of that growth will be coming from china? min: we are one of the pioneers of e-sports back in the early days. i used to be a summa competitive -- semi competitive gamer back then. and we have seen whole growth, in terms of e-sports throughout the world. in the u.s., right at the get-go it was a career, this was the mecca for e-sports for a long time. now china has seen explosive growth. the streaming services, a variety of different ways in which monetization is being done in terms of e-sports, we only see it growing all the time. we have seen the numbers go through the roof and we expect growth everywhere, would be it in the u.s., europe or china. emily: the chinese government has been cracking down on the gaming industry over concerns about gaming addiction, what impact the you expect that will have on your company, on the growth of the market in general?

min: i cannot talk much about the act of the chinese government in terms of this space, but what i can say is we actually run run of the biggest monetization platforms. it is a virtual credit we provide that connects the multiple games and we have seen a lot of chinese companies come down to the emerging markets of southeast asia, of latin america, so and on so forth. so we just announced a partnership with -- mobile, helping them monetize in southeast asia. we provide them the virtual credit that is used by gamers all around the world. and we are seeing a lot of growth of chinese companies coming outside of china. emily: as a former competitive gamer, are you concerned about gaming addiction and what is razer planning to do about it? min: we have seen negativity on all forms of entertainment. in the early days, whether it was tv, film or movies, so i

think it is all about moderation. and that is something that we encourage all gamers to do. the thing about gaming is it is one of the most interactive forms of entertainment, so it always gets to be more engaging, immersive along the way, but in moderation, that is the key. emily: ok, the razer ceo, thank you so much for stopping by. that does it for this edition of "bloomberg technology." tune in tomorrow, full coverage of google's launch event where we anticipate announcements on a new phone and maybe get more clarity on the security flaw we talked about earlier in the show. that will be tomorrow. i'm emily chang. this is bloomberg. ♪

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manus: this is "bloomberg daybreak: middle east." our top story this morning. yousef: escalating trade tensions way on growth. .anus: bond market bloodbath almost a trillion dollars flowed out of its banks amid strong u.s. data and tightening monetary policy. theef: crude connection, strongest link in 15 month spirit expectations that rising oil prices will boost the gulf's largest economy manus: area manus: and we speak exclusively of dp world the ceo about th