emily: i'm emily chang in san francisco. this is "bloomberg technology." in the next hour, bloomberg broke the story. the first time they went public before the implosion. the company has regrouped, reorganized and is still planning on a public debut. we have all the details. plus, speaking of going public.

shares of the online consignment shop in its debut. i will speak to the ceo about the demand for sustainable fashion and the future of the retail economy. and all eyes on alabama. roughly 5800 amazon workers in bessemer, alabama entered the final days of an election that will decide whether or not they unionized. the potential outcome and what happens next. although stories in a moment. first, wrist -- risk appetite back on the s&p 500. ed ludlow has more on the markets and movers. >> you did see a lot of green on the screen. think about this. tech was not highflying today. flying -- a little underperforming the benchmark. you can see the s&p 500 in the green, the nasdaq 100 100 outperforming. big tech, not so much. what's interesting is this is actually still doing better than

what you are seeing globally. we used to be at a point where globally tech would rally and now it seems like a regional story. this is the nasdaq gold and dragon index. chinese adrs. in the red, not doing well. even compared to the nasdaq 100. this is all coming with the background of those climbing yields. except for this week, when you saw them decline for the first time since january. let me show you a picture of that. here we are. you can see these increasing yields. this week kind of a horizontal line. nothing too exciting. good news for tech because it means they are less subject to the volatility. look at the board again. i want to show you how this impacts a charted basis. a massive timescale you can see the massive volatility spike in the middle. the blue lines going to be the nasdaq 100 volatility. you see it edging lower with the s&p 500 volatility. the action seems to be and

small-cap, not intact. that is a good sign for investors. maybe tech has been sold off. we need to hop back in. that is the macro picture, emily. for the micro but try want to ed ludlow. >> i want to narrow down even further than semiconductors. the companies that make the machines, that fabricate them apply materials -- applied materials one of the best performers up almost 7.5%. you can see another company that makes those machines up 6.6% helping to lead the stock higher . flip the board and you can see this is not a one-day story. since the start of the year there has been real outperformance -- not that one, but outperformance of companies which manufacture the machines which manufacture the chips why? because all the investment is going into building new factories, in particular intel in the last five days committing $20 billion.

no wonder investors are putting money where the company's will be supplying those factories. also looking at this, i know you will talk about it in great deal. welcome back to the party, wework. look at the board and take a work at we work. the comely absolute popping on friday, up more than 20%. what's really interesting, it tends to do so at $10 per share. then stay pretty dormant up until the time you start to see rumors, reports that it will find a target and take them public. that is the target. that is where we got the confirmation that wework is going to go public via a reversed merger. emily: all right, ed. thank you. wework agreed to a blank check

company deal that would take them public. the merger with the bow x acquisition corporation. around of financing with softbank. we will bring in bloomberg tech. what is different now, ellen? >> what's different is they finally found a different way to go public. this is something they have been working on for a while. for the -- by the time the deal goes through, it seems the company will maybe go public in the third quarter, which would bring it to two years since they first attempted it. it is them trying to position themselves -- as a different company than they were. they are trying to say there is a lot of future for the company, especially in a public pandemic world in which people want more flexibility in their office basis. emily: before the pandemic, they

imploded. there were cultural issues, lawsuits, massive cuts in the valuation. then comes a pandemic and no one goes to work. how have they evolved through the last year? >> they have signed -- they have gotten rid of a lot of their leases. they cut thousands of workers. they got rid of all these side businesses that adam neumann and his wife had started. you might remember wegrow the elementary school and welive, which they still technically might have. but they have been trying to cut down everything out of the core business. they had a terrible 2019 and were hit in the face with a pandemic. it has not been easy. they lost something like $3.7 billion in 2020. that is a reflection of people not wanting to go to the office. even though they offer things that will be helpful for companies in the future, more

hospitality style real estate, more flexible office space, the reality is, 2020 was a hard year for all sorts of commercial real estate companies. that has been hard for them, as well. emily: $9 billion is still a decent size company. it's not 47 billion. what's left? comely office spaces do they have? how globalization? >> people at some, they are still in business? they have offices all over the world, hundreds of locations. they still provide office space for lots of people who may or may not want to go into the office. their pitches, for the future, if you're the head of real estate for a large company, maybe you're thinking you do not need that much space anymore. some people will want a hybrid model. maybe we want our office to look different, like a hotel lobby rather than individual desk spaces.

there are some common he switching towards having basically no dedicated desks. it seems like the sort of thing we work can position itself to take advantage of. there is still definitely -- they are definitely alive and kicking and they are back to get some momentum towards the future. emily: we will be watching out for your reporting on this. thanks so much for that update. coming up, the ceos from facebook, twitter, and alphabet all repairing -- all appearing remotely on capitol hill. we're getting on the rundown from the former head of public policy a google. his take on what future regulation we might see. that's next. this is bloomberg. ♪

>> fi were those ceos, i think all of them i experience something they had not experienced in some of their previous experiences before our committee. that was a united, democratic and republican committee. >> a lot of members have had separate conversations with these entities from time to time. as you can see, we were pretty bipartisan in our upset nests -- upsetness. >> i think the public is starting to understand that when a company does not make a product, you are. your data is the product. these comedies are monetizing people's data without their knowledge and permission. >> i think they should take summer spots ability. i know that they may not know everything, but they are making money off of tweets and google

and facebook. i thing they should take some response ability with what goes on their site just like we hold other people response will. >> if they cannot police themselves, it is way past time for congress to take steps to do that. when facebook got fined $5 billion, their stock went up that day. these finds do not mean anything to these comedies. we feel, many of us, that we need a new federal agency that exclusively regulates these internet platforms. >> they rbc of not done a great job on regulating themselves. we will have to put something in motion. emily: exclusive conversations there with representatives robin kelly and mike doyle. doyle of course the chair of the committee who opened yesterday's hearing. i want to bring in for reaction

who previously led googles u.s. public policy campaign on privacy, security, antitrust, and more. adam, we haves covered several of these hearings now. what i would say was different about yesterday as you saw democrats and republicans more united and they understood what they were talking about. they asked pretty smart, pretty smart russians. what was your take away? >> i think are big questions before congress. like what is the future of our most important technology laws? i'm picking of section 230 of the communications decency act. the representatives were unified in their upsetness but for different reasons. the republicans blasted the platform for removing conservative speech, the democrats blasted them for not removing enough speech. a kind of laid bare the partisan differences about political speech. i do think these things are

inversely proportional to each other. more hearings sometimes means less legislating. emily: you are the seventh employee at google's washington office. you worked there for more than a decade. who you think is to blame? >> i don't think there's any to blame. i think the fact is, you take the question of online speech and these are global platforms. they started from a perspective of wanting to allow us -- allow as much speech as possible, but they also want to promote trust. they do not want to be a haven for qanon conspiracy theories, conspiracy theories related to the vaccine. they are asserting their own first amendment right to remove that kind of speech. that will rbc be controversial because not everyone agrees with that. but the thing i love about the open internet is that if you want to see conspiracy theories, you can go to dab, parler, the open internet.

that does not mean facebook, youtube, and twitter have an obligation to host that kind of thing. facebook kind -- facebook, google, they have just as much of the first amendment rights as google -- as breitbart rather. emily: you not have to look very far to find the conspiracy theories you're talking about. you have to admit they are not doing a good enough of a job policing the stuff. if they do not want it on their why did they not work harder to change it? >> members of congress have some constructive feedback about what they want the platforms to do more of, in terms of removing incendiary speech. some of that feedback can be helpful. the thing i worry about is when they take that and say let's revoke section 230 of the communications decency act which he think is a way to constrain the power of big tech. the reality is that revoking will probably hurt the smaller platforms. it is like if you rent a car from hertz and you run a lead --

run a red light, guess who pays that ticket. it is not hertz, it is me. that makes sense. it is me taking response ability for my speech. i go on red and say john doe is a truck. john duke and so -- john doe consume me -- can sue me but he can't sue reddit. these companies have armies of lawyers. the companies that get hurt are the next facebook, the next google, the small platforms depend on the same liability protections. emily: do you think section 230 should be changed at all? mark zuckerberg is arguing for some changes. the google ceo is arguing against any changes at all. >> i think it is misunderstood. this rental car example. we want people to take individual responsibility for speech online. that crazy healthier internet.

section 230 is a routing mechanism. it says by the same view, you come after me, not the platform. that is accountability. if we did not have that principle, we would threaten a whole host of smaller sites, user generated content, ordinary websites not in a position to review every piece of comment or content before it is posted. this is a really important principle that promotes a diversity of thought and dialogue online. i think it is widely misunderstood. i think it is a great law and i think policymakers who care about healthy online communities should support section 230. emily: interesting. having worked at google as long as you did, do you put them in the same boat as facebook and twitter? obviously they have their own problems. we saw mark zuckerberg get the lion's share of the questioning. should the alphabet ceo be in the room with mark zuckerberg and jackson -- jack dorsey echo

--? >> i'm a fan of all the services. companies of screwup sometimes. they have blind spots. i believe the people working there want to do the best thing for society. they want to do the right thing. sometimes, this feedback they get from policymakers about their speech policies can be helpful. it can illuminate blind spots. that does not mean we should then try to do something that violates the first amendment, where we have congress saying you cannot moderate content, you cannot allow or should not allow this convert -- this content. does a pretty direct violation -- that is a pretty direct violation of the first amendment. emily: do you think wanting to do the right thing is enough? it has been over two decades for google, going on two decades for facebook. congresswoman kelly there told her she think mark zuckerberg and jack dorsey are not the right people to be deciding how

hate gets moderated on their platforms. they do not understand how some of this stuff disproportionately impacts minority groups. >> that is what i am saying. feedback like that is really helpful. they do have blind spots. i think that is great feedback for them to hear. i do think the thing people sometimes miss is that i did not think these ceos want to be making all these decisions, it is just a consequence of our age. what they do want is to make sure their services are as popular as possible or as positive an experience as possible. every decision they make helps shape and reflect what kind of service they want to be for their users. that is ok to make that decision like gab and parler can say they will allow anything. they are different approaches to this thorny question of content moderation. allow more or allow less, etc. emily: appreciate your

perspective. obviously, you have lived through it. thank you for taking the time to join us. coming up, we will talk about disney, netflix, big changes they are making with price hikes , you're all access to streaming bundle might cost as much as traditional cable. we will break it down. as we had to break in, let's take a look at the markets. big tech mixed today. shares of facebook there up a bit on the back of that hearing yesterday. also netflix, amazon, and apple. this is bloomberg. ♪

emily: it's getting more extensive these days to cut the cord. all those financial incentives you have for dropping cable tv for streaming services are disappearing and fast if you subscribe to the flagship

streaming services like amazon, netflix, disney. recent price hikes could bring it up to $92 per month, almost as much as a typical cable tv's obstruction. not that many people are likely to go back to cable but they may look for seat -- cheaper options like ad supported services. i want to bring in chris palmeri. chris, talk to us about the reasoning behind the price hikes. >> you're seeing them emerge as real leaders and hundreds of millions are subscribing now. they are feeling much more comfortable and raising prices to take advantage of that. to get the premier disney bundle with hulu, ds -- is meant plus, it is $20 per month. that is a lot of money. you're seeing this exposure and of other services, paramount plus and discovery plus alone this year, hbo max and peacock in the last few months.

we are seeing rising prices and more services and it is starting to get expensive for the average person to subscribe to all of them. emily: how is the average person responding? are they paying up? >> they are. a couple years ago there was an average on two services per customer. the number we always heard was people what's up scribe to three. we are now over four and probably no end in sight. there are some services people subscribe to and they probably do not think they are really doing it for video, like amazon or you buy an apple device and you get a apple tv free for a year. they are to add up. emily: at some point you expect consolidation? are consumers just going to keep paying more? i will giveon example. we have not cut the cord. maybe it is not because i am a

telik -- maybe because i work for a television network it is because i am not able to get there. i'm still paying on top of it for these streaming services. >> there are 85 million people in the u.s. with cable bundles. most of them also have netflix or other services. i think we are starting to see the skittishness this week in wall street so that a lot of the media stocks taking a big hit because there is a reasoning that there cannot be all of these services and all of them be as successful as netflix and disney plus now. emily: as we come out of the pandemic, what kind of competition do you expect we will see when it comes to original content? i imagine it will be even more cutthroat. >> that's what underscores how we will not see people return to the cable bundle. these companies are all putting their best programs on their streaming services. you have dizzy with the mandatory and and one division

and hbo max is putting all their movies this year on hbo right when they hit theaters as well. it is tougher people to go back to the old model. people want to be able to choose what they want to watch and when they want to watch it. that will keep growing. there's just a question of how much room there is for all these players. emily: bloomberg's chris palmeri. chris, thank you so much for keeping us up-to-date. at least we will have lots to watch tonight. coming up, thousands of amazon employees in alabama are on the precipice of a historic vote that will determine whether or not they will unionize. that story is next. and a pop in shares for the online consignment company threat up at its debut. we will speak to the ceo fresh off its nasdaq opening. next, this is bloomberg. ♪

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may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com. emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. ed ludlow is here to tell us why apple and amazon. >> in the first instance, a is for apple. up a half percent on friday. apple is working on a more rugged casing version of its apple watch. i do not know how often you jump in a kayak or hang off a cliff, but that is the market they want to go after. it can come as soon as the end of this year, may be the beginning of 2022. flip of the board.

that sound like carmen territory -- garmin territory. this is apple and garmin shares over the last five years. the apple has really outperformed garmin over the. , but they have not done badly. this is not the first time apple has continued -- has consider doing a high-end. the other a in fang is amazon. no hard news on friday. up by 2/10 of one percent. there was a kevo on monday, alabama unionization. it is been a question for a long time now. at the same time, amazon is a machine. look at this chart. it shows squarely net income over the last five years. that chart tells the story. look at the last three quarters. 2020 was a year where amazon's

profit boomed. no idea what will happen on monday, but amazon is becoming a profit machine. look up the boards again and take a look at this chart. it has lagged behind so far this year. shares underperforming the fang index but also the s&p 500. it was a blockbuster quarter in the holiday quarter, so what is the next catalyst? there is one and who really knows. i know you are about to speak to him, emily. emily: all right, ed ludlow. let's do it. it is a critical weekend for thousands of amazon employees who work at a facility in bessemer, alabama. on monday their votes on whether to unionize or do. that issues -- president biden jumped into the fray backing the union vote in a tweeted message on march 1. >> let me be really clear. it is not up to me to decide

whether anyone should join a union. but let me be even more clear. it is not up to an employer to decide that either. the choice to join a union is up to the workers,. . . . --full stop. emily: for more on the story, what is the latest? will amazon workers unionize or not? >> that is a great question. it is looking like it will be a nailbiter that we do not get results on for some time. they will tally the votes next week. the voting has been underway by mail for a few weeks now. the first process is the union and amazon will look at the ballots that are been submitted and figure out any they want to challenge. then they set those aside and tally up the ballots that have not been challenged and then

they determine, ok, what is the tally based on this? will these challenged ballots that we set aside make a difference? then they worry about if any to bring in those ballots and mitigate whether those ballots should be included or not. it could really drag out. if we have a decisive victory one way or another we could get some pretty quick results. emily: meantime, you have senator bernie sanders speaking in alabama. ahead of that you had and amazon executive kind of provoking him. dave clark, who runs amazon logistics tweeting, paying workers $15 per hour does not make you a progressive workplace -- excuse me, that is the prior tweet. i welcome senator sanders to birmingham and appreciate his push for a progressive workplace. i often say we are the bernie sanders of employers. but that is not quite right because we actually deliver a progressive workplace. we will talk about the follow-up in a second. why do you think dave clark sent

that we echo >> he knew bernie sanders was coming down and throwing attention to this issue. he was preempting the visit, saying he welcomes them. dave clark has emerged as this rising star. out of all of them he has the best twitter game. he is a little less robotic. comes off as a little more authentic on twitter. i do not know if this is the fight they want to pick. they are getting dumped on hard on twitter about a lot of other things. it is drawing a lot of attention to it. the challenge here is bernie for years was criticizing amazon's about working conditions, the fact they had a lot of employees who got government benefits for things like food assistance and medical care. amazon's 15 bauer -- $15 per hour wage pledge seemed like a shut up bernie move. was not even so much as a raise as changing the pay around, pulling back some stock benefits and performance benefits and

just paying a steady wage at $15 per hour. there's been a constant battle between them about that. amazon wants to be compared to walmart and fast food jobs, and which place -- in which case they look favorable. and not be compared to like a union delivery driver like ups or union warehouse driver. those folks might earn as much as -- twice as much as them. emily: let's talk a little bit about the follow-up. you get a democratic representative responding to dave clark saying, paying 15 -- paying workers $15 per hour does not make you a per aggressive work place when you union bus and make -- unionbusting and make workers urinate in a water bottle. then you have amazon itself responding to that in a tweet saying, you do not really believe peeing in bottles thing, do you? if that were true, no one would work for us. the truth is we have a million incredible employees around the world who are proud of what they do. first of all, to amazon workers

really in bottles? what is your take on this? >> that has been shown. especially on the delivery side. especially during the pandemic. it became a real challenge to be out on the road and there is nowhere to go to the bathroom. i think that is a challenge that transcended amazon. but there was a criticism these people were under these constant rate pressure that they would have to find ways to p2 save time. like using a bottle. i was surprised to see amazon's response. it was like they were arguing about whether their workers in bottles but meanwhile there is a video from 2017 of an amazon delivery driver defecating in someone's driveway that was caught on a security camera. i was surprised they were inviting this fight. they might want to be a little more deliberate about the facts and narratives they want to challenge. emily: bloomberg's spencer

soper. thank you so much. we will continue to follow. over to the market, new york stock exchange seeing a new addition. the online consignment company threadup. their shares sold for $14 and closed at $20 on friday. this gives their company a market value of 1.8 billion dollars. i spoke to the ceo james reinhardt earlier this afternoon. >> we feel very good about how he opens today. we have a great shareholder base. it feels really great. a testament to all the hard work. emily: there are a few other companies that have gone public in the secondhand retail market recently. the realreal. what set you apart from the competition? what is your outlook for post-ipo growth? >> there are two dimensions that make us difference. the first is we are focused on the mass price point.

our average selling price -- selling price is $17 or $18. we focus on a market that we estimate is six times larger than the luxury market. our business is a managed marketplace, meaning we do all the work for our buyers and sellers. versus another business that might connect buyers and sellers like ebay. we feel by doing all the work for the seller and for the buyer , we can create a new opportunity. we think the category is large. we think we are well-positioned to take shares in that category overtime. emily: is curious how the pandemic has impacted demand for secondhand clothing. how do spec to demand to evolve? >> 2020 was a challenging year. we grew 14% year-over-year in an apparel market that was down double digits. emily: threadup ceo james

reinhardt there. you can catch the full interview on bloomberg.com. a new axios per -- study sounds the percentage of female decision-makers at u.s. venture capital firms is rising slowly. when it comes to mantra manures, the environment is getting worse. -- when it comes to on spring doors, environment is getting worse. this is blueberry. -- this is bloomberg. ♪

emily: crunch bases found u.s. startups raised a record $143 billion in 2020. that is up 12% year-over-year.

adventure -- firms sounded -- funded by women dropped. female founders raised only $2.2 billion in 2020. joining us now to discuss the need is the general partner its freestyle vc peerage she also sits on the board of all rates, thank you so much for joining us. it is wonderful to have you on the show. there's a huge concern about women backsliding in the pandemic. if you look at some of these numbers, especially when it comes to women entrepreneurs, it looks like we're seeing that. what is happening and why echo >> is hard to tell you exactly why. without question the pandemic has hit women hardly. all the women amin -- all the duties and home have gotten harder. but i am an optimist. i honestly believe the numbers will look better in just a few years. there are things happening now

that do not show up in the numbers. emily: where do you think the numbers are improving? where are your biggest concerns? >> i think where we are seeing the biggest improvement is in the number of women and people of color joining firms on the venture capital side. here is happening. founders now know coming out of the gate that diversity matters. they want a varsity within the organization and they know that getting investors, having a diverse cap table, helps them do that. founders are coming out of the gates looking for -- looking to have a diverse cap table, looking for firms that are diverse. you're seeing more women joining firms then you ever have. i'm talking about the leading firms, jason horowitz, sequoia. i think that while the numbers are not good and you have 70% of firms that are still not diverse, i think as you see the leaders looking into the future, knowing that is what you have to

do to stay competitive, i think you'll see a lot more follow suit. i think the more diverse the funders are, the more diverse the founders will be. emily: let's talk about your portfolio as we come out of a pandemic. the world is changing once again. where you doubling down? where you pulling back? what trends are not here to stay? >> i do not know what you have heard from other vcs, this is been crazy. when the pandemic first hit, everyone was pulling back and getting ready for winter. the opposite has happened. you've seen a lot of markets accelerate. for example, the last investment i did before the pandemic is an api, and audio and video api that enables platforms to have audio and video natively within their app. while i was bullish on that space before the pandemic, post

pandemic the surge of demand for what they do was staggering. quickly after the pandemic hits, they raised a very competitive series a. and then other companies that you are aware of who just amounts their series a at 1.7 billion dollars, what they saw in the pandemic time is a greater demand, because employers realize they really have to support their employees in such a hard time. i think you've seen a lot of acceleration and -- in future of work, mental health, and education. we will just see more of it. emily: let's talk about better up. they have made a splash this week. been -- prince harry joining as chief impact officer, this is a company that helps people work on their mental health. why prince harry? how will this work? tell us everything. >> i wish i could tell you

everything but i will tell you every thing i know. so far they have been focused on professional development. they democratized coaching. coaching was a thing left for the c-suite, but they through science and technology and amazing coaches were able to bring it to all employees. they always wanted to provide better up care, which is the whole self, and bring preventative mental health into the roadmap. prince harry really does increase the global conversation and community around preventative metal -- mental health. emily: you are also in angel investor in bit discord -- in discord, and there was news that microsoft is potentially interested in buying discord, that they could still go public also. you have a preference as an investor? >> i really do not. it has been a wild ride.

i think if microsoft got discord for $10 billion, it would actually be an amazing steel by microsoft. however, as an angel investor, i was in the incubator. i've been there from the beginning of time. it is been an amazing journey. i do not think anyone would be upset if it sold at 10 billion but i also think there is a lot more headroom. emily: we will be watching. thank you so much. still ahead, would you buy and mlb season sweet ticket for $54,000? the price of a single bitcoin. the oakland a's dave cabal joins us next. there the first team to sell tickets and a change for crypto. and after the break taking a look at some electric car companies losing charge. tesla ending the day down. we know there has been concerns about supplies of chips for car

making, a story we are continuing to follow as the chip shortage continues. this is bloomberg. ♪

emily: bitcoin has regained some of its losses from earlier in the week, getting back up to $54,000. the cryptocurrency is having a moment in sports. the oakland athletics have become the first mlb team to price its suite tickets and bitcoin. joining us now is the oakland a's president. you for joining us. there are a few oakland a's fans in this house so i will start there. why did you decide to take bitcoin and now? >> we had heard from our fans that they are interested in paying with crypto and we have heard it for six or eight

months. we said hey, let's take one of our products, our suite, put it on sale for one bitcoin into see if we get any takers. emily: are there any takers? i know a week ago you said there was one person who was getting close. has anyone bought in bitcoin yet? >> we have not had a transaction yet. we have had over 100 inbound inquiries. we have until next thursday to get people on board. i am hopeful we get two or three. there are 10 suites we set aside for this. hopefully we get two or three by opening days. we are right at that moment where hopefully it comes through. emily: what are the inquiries about daca's it either yes or no? -- what are the inquiries about? isn't it either a yes or a no? >> we hope we get a couple of people to transact. we are trying to respond to our

consumers and the marketplace and offer some the unique and different into oakland. emily: will you accept other forms of crypto? what about a theory him? what about doge? >> we are focused on bitcoin for now but if it catches on we are open. we use bit pay in terms of our processing back end. they can accept other forms of cryptocurrency. we are very open to that. emily: do you plan to continue to hold it in bitcoin or would you converted to traditional currency? >> know, we will hold it. we are believers in it. hopefully continues to go up. maybe we can sign some big free agents with some of the proceeds. who knows. emily: the season starts april 1. what are your thoughts going into a full season versus a very impacted season last year? >> we are so excited to have fans again. last year we just had cardboard cutouts. we're starting a 20% capacity,

about 11,000 at the coliseum. it will be great to have the energy and excitement. hopefully we can build on that and end up with a full stadium halfway or partially through the year. emily: speaking of the coliseum, it has been turned into a vaccine site. how is that working out? how much longer will that be in operation? >> it was actually the first federal mass vaccination site in the u.s.. we were proud to put that in place with the biden administration and governor newsom. we vaccinated several hundred thousand people there, which is great. any teachers, folks in the local community. it will run at least through the 11th of april, which was the original mandate. it may run slightly longer. we can operate at the same time with the center with our games with a limited capacity. emily: das have been one of the most innovative teams over time -- the a's having one of the

most innovative teams over time. i'm curious about what other innovations you're curious about going into the season. obviously you have this bitcoin idea. what else can you do to differentiate and keep the thing that is made da's so great? -- that has made the a's so great? >> we like blockchain. non-fungible tokens or something we are looking at, especially with our intellectual property. there are things like that we are looking to break some new ground in, in baseball and in sports. that is been a great area for us to try new things in oakland. it has worked very well for us. emily: how about that new stadium? i new york -- i know you're working on one near jack london square. fans are a little skeptical. what can you say to give them confidence? >> we just had the environmental impact report released which was held up due to litigation.

we beat back the naysayers who filed the lawsuit. we have built some momentum. this is the key year to get a vote of the city council. everyone else has approved the project. it comes down to a settled -- to a city council vote later this summer. we hope you will get a positive and affirmative vote to move forward with the project. emily: all right, the president of the oakland a's. good luck the season. inc. you so much for joining us. and a reminder to our bay area audience. bloomberg 960 is your radio home for a's baseball all season long. starting april 1. that doesn't for this edition of bloomberg technology. stay tuned, wall street week with my colleague david westin is coming up next. joining him his former treasury secretary larry summers and mark mobius. thank you all for joining us. have a great weekend. this is bloomberg. ♪

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in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. david: they brother is doing more than just watching. it is spending and regulating and providing liquidity and it is not going away anytime soon. this is bloomberg wall street week. i am david westin. this week contributors larry summers of harvard and chilean tat of the financial times. >> if we do have a frenzy, how will that be just riveted? >> former fcc chairman tom wheeler, and for new can of bank of america, and mark mobius. >> buyers are looking for yields. and not find in the u.s.. so they go abroa