>> from the heart of where innovation, money, and power collide. in silicon valley and beyond. this is "bloomberg technology" with emily chang. emily: i am emily chang in san francisco. coming up in the next hour, antitrust, secret subpoenas, ransomware. microsoft's brad smith addresses at all. plus, efforts to fight climate change and encourage racial equity across corporate america.

and speaking of microsoft we , have got the head of xbox's game creator experience. we will chat about the newest lineup of games and how the global chip crunch is affecting the supply chain. plus, apple debuts its beats studio buzz. hoping to capture a bigger share of the mass market. there is new guidance of wearing and masks at stores and offices across the country. we will have details. stocks staging a late rally with another record high. ed ludlow has the details. ed: tech leading the way. u.s. equities higher. the nasdaq 100, the most tech heavy gauge, up by almost 1%, closing at a fresh record high. make it cap tech stocks and chinese adr's the index up 1%

it's best one-day gain since , april. semiconductors getting in on the action as well. in terms of specific names, it is apple leading the charge. the best one-day gain since march. the news, new headphones. $150 for studio buds. a lower price this gives apple point, access to the non-ios crowd. netflix, one of the best gainers on the netflix -- the nasdaq 100. wall st firm saying it will awall st firm saying it will increase reputation if it does not at least boost revenue. look at mike bloomberg tech has terminal because tech has been -- look at the bloomberg terminal tech has been on a hot , streak. seven consecutive days of gains. that is the best streak since december. it was at that time in december that we were talking about, what happens to these tech stops when -- tech stocks when the , reopening start? we saw interest rates starting to rise at the beginning of the year and there were concerns. we are pretty good pace. the other big story, cryptocurrencies.

bitcoin up above $41,000 at one point on monday. it is a little below that toward the end of the session. we are hovering around $40,000 now. this comes after musk's comments over the weekend that tesla would resume accepting bitcoin for vehicles once the mining was done with more sustainable sources of energy. ethereum is higher too. that has taken the galaxy crypto index up 6% on monday. so often is just bitcoin that is the driver. but we are seeing across that basket is a lot of positive. emily: what is the weekend without a comment on crypto from elon musk? meantime, in washington, the head of the justice department's national security division is stepping down next week. marking the departure of a rare holdover from the trump administration. this comes as he faces heat about what he knew regarding the agency's subpoenas for data from

big tech companies including apple, google, and microsoft. on u.s. lawmakers, journalists, and more. i spoke with microsoft president and chief legal officer brad smith earlier on why he says these gag orders need to stop. >> i do not know that we know everything that led to these investigations. but what we do know is clear, the doj used its authority in the trump administration to , pursue an investigation of these reporters and people connected to congress rather than serving a warrant on the individuals themselves. they went to the tech companies that had the emails or text messages. they went to apple, google, microsoft. they not only served the andthey not only served the warrant, they imposed gag orders and a nondisclosure order. it was not until those expired that we were able to inform the targets of these probes. i believe all of our companies

did that and that is when we in some cases first found out , the magnitude of this. now it has come to light and i think it raises a very critical issue about the way that this law enforcement process should work. emily: what do you still not know and what are you still trying to find out? brad: i think there are broad questions for the public. we do not live in a country where it is typical practice to see a law enforcement agency seizing records of reporters and elected members of congress. it gets to fundamental issues of i meanit gets to fundamental issues of democracy. , i also think it gets to a very important issue around technology. before the cloud, if the government wanted your information, they basically had to go to your front door. they had to give you, the homeowner, a search warrant. you could stand by and watch what was happening in many instances while they searched your home. you could then go to court yourself and file a protest if

you thought the government went too far. we fundamentally believe, i think across the tech sector, that we need to restore that kind of balance. if we fail to do so, we undermine long-standing freedoms in the country and those in the tech sector, we are put in the middle. that is not where we should be. an issue where the government this should bean issue where the government has to go most of the time whose information they are to the individuals whose information they are seeking. , emily: you have a very passionate op-ed out about this in the washington post. you tried to fight the i'm curious government about , this before and it keeps happening. can you share how often the government asked you for information on your users and how often you cannot tell those users about it? brad: we file transparency reports every six months. if you look at those, you will that we do get across the united

states, search warrants and subpoenas typically in the thousands per year. most of the time, they are just looking for account records. we do sometimes get these requests for data, email, documents. we do sometimes get these nondisclosure orders. it is not a trivial percentage when you get to the consumers that are affected. it is very small when we get enterprise data. to enterprise data. but we do typically fight them whenever we see a legal basis. one of the concerns we have, this is not only an issue that is important for the united states. it is actually an issue that has broad international ramifications. the european governments are concerned about this. they are raising this today, every day, in recent months with the biden administration. they want to see assurances and safeguards that the u.s. government will not go to a u.s. court and ask u.s. companies to turn over data that belongs to

europeans. until we get that sorted out, it is basically holding back, in our view, the tech sector in europe. emily: the fbi subpoenaed information from the trump white house counsel at the time don mcgann and his wife, specifically from apple. you talk about how these cases should be the rare exception and not the rule. and what case is it ok? and what case do you think these kind of requests are permissible? brad: under long-standing principles in the country, you would say that this kind of approach is ok when there is a concern that evidence will be destroyed before it can be obtained, or the safety of a witness might be put in jeopardy. it is these kind of narrow exceptions. but i think what we are seeing in recent years is that it is , just easier and faster to go to a cloud company rather than an individual or enterprise, and

prosecutors are taking the easy path. that is where we think attorney general merrick garland needs to , we hope take action here to , strengthen justice department policy. we think congress needs to codify stronger policy. and we think the u.s. government needs to negotiate with european allies to put international rules in place. emily: a bipartisan group of house lawmakers has unveiled sweeping legislation. this antitrust legislation aimed at apple, google, facebook. when you look at this, what do you see as fair play, and what is not fair play? brad: i think we are in the relatively early stages of a broader conversation. you do see more concerns about the power of tech companies, ourselves included. people want to know, what is the right balance between encouraging innovation and imposing more responsibility under the law. we are seeing this in washington, brussels, around the world.

i think where this is going is a particular focus on technology platforms that serve as gatekeepers. in other words, not only as a platform like an operating system, but people need to go through them to sell their commerce, whether it is amazon, an app in the apple app store, or through a service like google search. i think that is where we will see more government focus. that is where we see more antitrust focus bite states in the united states especially as , it gets connected to digital advertising. i do not know what it will bring and i think it is too early to know. you do see more of a common conversation around an agreed-upon set of problems that people are trying to solve. emily: how concerned are you that at some point they may come back for microsoft? brad: there are aspects of the legislation introduced in the house last week that absolutely

applies to microsoft and many other companies. i think for all of us, it is a time to step back, try to think broadly, look beyond ourselves, and ask, what is the right role of technology to serve our economy, our customers, the country and the world. , there will be days when there will be's directions and we can get our mind around it. and there will be days that there are restrictions that we think go too far, that undermine innovation, that basically undermine our ability to serve customers. it is all about balance. that usually takes a while to figure out. emily: the ransomware attack s are coming faster and more furiously, hitting colonial pipeline and the biggest meat producer in the united states. are they only going to get faster and bigger? and how can we stop this? brad: i think as we enter an era as we are now in, where there is

ransomware as a service with financials to dictation to support it we are in a different , period of time where we can expect there will be more attacks like this. i think the thing to keep in mind is that these types of cyber criminal groups will focus typically on organizations, nonprofits, government agencies, health care providers, small businesses that are vulnerable. the reason they are vulnerable , most of the time is frankly because people have not moved to the cloud or they are not patching their servers or they are not applying cyber best practices. for those of us in the tech sector, we have to continue to make it easier for people to apply the protections that were -- that we are creating. for everyone else, we have to embrace the need to put our cybersecurity house in order . put it in order before an attack rather than waiting until afterwards. emily: the trail in so many of

these cases is leading back to hackers in russia. i had a guest to say that we are at war with russia basically, that the russian government is not stopping this. what should the u.s. demand from the russian government at this point? and would you agree with that characterization? brad: i would not go that far. but i would say this. we live in a world where there are increasingly international norms. in some cases they need to be strengthened. fundamentally, they call on and require every government in every country to exercise restraint itself as a nationstate and ensure that the law prevents cyber criminals from running rampant. around the world where governments are not doing enough to police criminal organizations within their borders, that is an international issue. it should be discussed even between heads of state. there should be a call on them to do more. that is obviously one of the conversations i believe we will see unfold this week when

president biden and president putin sit down in geneva. emily: microsoft president brad smith. we will hear more from him a little later this hour. coming up, the sky high-priced to join jeff bezos on blue origin's first passenger flight. we tell you about the auction and who will join next month's historic launch. that is next. this is bloomberg. ♪

>> -- emily: as we mentioned earlier, apple has debuted a new product from its beats line. the wireless headphones are now on sale for $150.

they charge via universal usb see connector and have a dedicated android app making them more friendly to users outside the apple ecosystem. air pods continue to be seen as more of a premium product. meantime, apple plans to drop its mask requirements for vaccinated customers at many of its u.s. stores starting next week. employees will need to continue to wear them and will not need to ask customers for verification of vaccination. blue origin says the winner of the auction to join jeff bezos and his brother on a trip to space will pay $20 million for -- $28 million for that privilege. after weeks of bidding with more than 7000 submissions, the winner will not be revealed for a few weeks. the new shepherd spacecraft can carry as many as six people on its trip we will continue to

july 20. bring you all the updates. elon musk has decided to sell his last remaining house. it's wheat he announced he would put the bay area home he dabbed, special place, on the market. the decision comes a week after propublica reported that musk, bezos, and warren buffett paid little income tax compared to their wealth. -- relative to their wealth. musk said he will continue to pay california taxes in proportion to the time he spends in the states. he primarily resides in a rented house in texas. coming up, food delivery app doordash is growing its international presence and in an exclusive interview i speak to the president of doordash next. , this is bloomberg. ♪

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emily: doordash benefited from the pandemic boom in food delivery of course. now, the app is expanding into asia. they hope a partnership with petsmart will help them cater to pet owners. joining us, the president, christopher payne. this partnership with petsmart will bring pet supplies to doordash customers. how big a market is pet supplies for you? christopher: thank you for having me. today is a great announcement for us because we are announcing our partnership nationally with petsmart, which will offer on-demand delivery from 1500 petsmart stores to doordash customers. the typical petsmart has 11,000 items. pet food. sometimes you run out of food and need the food immediately. toys, treats.

over the pandemic, 44% or so of americans actually welcomed a new pet into their home. nearly half of those were first-time pet owners. very excited as a pet owner to be able to announce our partnership today, going again beyond restaurants and into pet supplies and products. emily: you are also going global and bringing doordash to japan. how big a market is japan for you? and what countries could be next? christopher: japan represents our third country. we are in canada and australia. it has been a busy couple of weeks. we launched last week in a major metropolitan area north of tokyo. it is the third largest economy in the globe. tokyo is one of the most dense countries in terms of

restaurants in the world. toco -- tokyo is well served from livery point of view. however, a lot of the markets outside of tokyo really have yet to connect local businesses to local consumers. that is the vision of doordash. so with this launch, we are now , going to power restaurants in -- and potentially other categories to bring consumers in japan what they want in minutes, not days. emily: what could be next after japan? christopher: i think you see two of the main thrusts for doordash. tony, our founder, his vision is to connect the globe. not just restaurants and not just united states. with the announcements we have made in the last couple of weeks, we did rite-aid, we did a bed, bath, and beyond announcement. you see in the united states us rapidly expanding beyond

restaurants. consumer expectations continue to rise as they want more and more products brought from local shops to their homes. that vision is not confined to the united states. today, canada, australia, and japan. in the future, there will be others. emily: everyone wants to know when new categories are coming, especially grocery. how close is grocery delivery and how popular do you expect it to be? christopher: one of the things we did early in the pandemic, i think i was on the show talking about our partnership with cvs, we felt like convenience would be very important for consumers during the pandemic. the ability to get staples, household products, over-the-counter medication in minutes, turned out to be incredibly powerful. we have partnerships with 7-eleven, walgreens, cvs, rite aid, and others.

that was a powerful addition. it also created a platform for us to be able to go into grocery. we have partnerships where we are beginning to pilot grocery delivery on doordash. stay tuned for additional announcements. it is very much a category that the doordash consumer will want delivered to them quickly. emily: we are staying tuned, for sure. what does all that expansion and growth main for doordash workers? will they be paid more for delivering from more categories? christopher: to me, this is one of the most exciting elements of going into new verticals. often, for convenience, late night or late afternoon, same with grocery. it provides more opportunities for dashers to earn throughout the day. we have over a million active dashers on the platform.

they earn an average of $25 an active hour, when they are doing a delivery. our expansion into new verticals creates more opportunities for those millions of dashers emily: on the platform. emily: all right. thanks we will keep watching. , staying tuned, as you say. doordash president, chris thanks thanks so much for joining us. , all right, coming up, highlights of the annual videogame tradeshow e3, with big announcements from microsoft. we will talk about it all with sarah bond, microsoft corporate vice president of gaming ecosystem. she will be joining us. this is bloomberg. ♪

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♪ emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. let's get back to financial markets. it has been a rough day for one ev stock ed ludlow, take it away. ed: lordstown motors the would be maker of electric pickup trucks. stock falling 19% on monday, the biggest drop on record. not a pretty picture. the ceo steve burns and cfo julio rodriguez both resigned.

not a pretty picture. the company to go public through elected to go public through a reverse merger the second half of 2020. not only did they disclose that both executives resigned but they also concluded through an independent board investigation that the company has made inaccurate statements about some of its pre-orders. in some cases they say they came from fleets when they came from management companies and influencers who had no intention of buying them. a three-month chart of the stock you can see the latest impact on , the far left-hand side. it was only last week, actually, they disclosed they did not have enough cash to get production. if they do not raise funds soon, they would face bankruptcy. it has been a roller coaster ride. you might be saying, hold on. this sounds familiar. this company also is part of an sec investigation in march. it is eerily similar to what

happened to nikola -- it too made some inaccurate statements. its founder, trevor milton, resigned. what they both happen, is that those sec investigation stem from a report from the same short seller, hindenburg research. definitely want to keep an eye on this. a spac ev story starting to unravel a little bit. you can see what that is done to put pressure on shares. emily: ed ludlow. moving on to microsoft. the annual videogame tradeshow e3 is underway with the , conference being done, all virtual. big announcements have come from publishers like microsoft. this was microsoft's first time participating in e3 since buying game publisher bethesda last year for $7.5 billion. the text i was keen to prove the deal was worth it. joining us to discuss is sarah bond, corporate vice president

of gaming ecosystems. good to have you with us. you showed off 20 different games yesterday. which of them do you think are really going to take off and which are your personal favorites? sarah: it was a great day. we had 30 games if you can believe it. 27 of them in game path. i will tell you, it was really tough for me to pick a favorite. but the moment of the show that i loved the most was having todd howard from bethesda open the show and introduce their new i.p. starfield which i cannot wait to play. emily: how confident are you in halo making it this fall? i noticed that starfield has a specific release date but we do not have a release date for halo and everybody wants to know. sarah: yeah, i am very much looking forward to playing halo this holiday when it launches. frankly one of the things i am , most excited about that we are bringing two players, is the whole lineup we have for the rest of this year. we shared halo infinite.

horizon, it looks dutiful. a pirates life which my kids , cannot wait to play. and we have a ton of other games coming into the catalog as well, 24 of them playable across console pc, and across all , devices, powered by xbox cloud gaming which is just incredible. emily: you are confident we will have halo in time for the holidays? sarah: i can't wait to play. i do not know if you saw it. it looks fantastic. emily: all right. meantime, you are charting the path to a consoleless future where people could play your games on tv's no console required. how soon could we see that will , that be here before the holidays? sarah: you know, it is always great to talk about the future. and there is always going to be a place in the world for the flagship consoles. it is an incredible experience. what we are doing with the cloud

is we are making it possible to extend to all sorts of scenarios. you can start playing in your living room in 4k and hdr, and play on a mobile device. pickup and and that is what is so powerful. we really are building a future where it is possible for everybody to play any game they want with anyone, anywhere they want which is why a love what we , -- why i love what we do. emily: speaking of the consoles, it is hard to get an xbox console if you did get one at the start of the pandemic. amy hood, the cfo of microsoft, has said that will continue through the quarter. after june will those supply constraints let up? when do you see it being easy to get one if you want one? sarah: yeah, we have been actively working with console suppliers to make sure they can meet the incredible demand for xbox series x. i'll tell you we really were humbled by the consumer reaction to what we had created. you know it takes years and , years to build hardware like

that. and the reception has been incredible. so we are continuing to work on that to make sure that we can bring the incredible experience to everyone. emily: so, this consoleless future, what does this mean for a company like gamestop, which has made its name selling consoles and hard copies of games themselves? sarah: well, at xbox, we are all about choice, emily. we want people to be able to play the games anyway they want them and also buy the games anyway they want them. in our partnership like gamestop with retail partners are integral to that. some people prefer to buy their hardware and software in person. some people prefer to do things digitally. we are giving everybody options. emily: with the new executive -- with the new amazon executive team at gamestop, does that mean you are bullish and what they -- bullish at whatever they have planned?

sarah: you know, when i look at gamestop i'm excited that their -- they are partners of ours, because people love games. and having a retail partner and working all of our retail partners is integral to giving people the experience they want. emily: all right. sarah bond, corporate vice president of gaming ecosystem at microsoft. sounds like it is going to be a busy and exciting holiday for you. thanks so much for joining us. meantime apple is working on the , new apple watch, new models features. and new health features. our tech reporter has details in the latest edition of "power up." mark: on this week's episode of "power up," what to expect from the apple watch this year and in the years to come. for this year, for what is likely to be called, the apple watch series 7, apple is planning a substantial update with an updated display, a

faster processor and new wireless technology. for the new wireless tech, apple is testing an upgraded version with wideband tech using the air tech buffer. it is planning a faster processor and updated display. for the new screen apple is , testing a new lamination technique that will bring the display closer to the cover box -- glass to have an overall , nicer experience. the company is also testing narrower borders to make the overall formfactor look a bit smaller and make the display appear bigger. for next year, what will be called the series 8, apple is testing a more iterative update to the flagship watch in addition to a refresh to the apple watch sc, the lower-cost model launched last year. the company is also testing a new explorer or adventure edition in the extreme sports. -- edition aimed at hikers and those in extreme sports. apple is also working on future versions of the apple watch. first is the body temperature sensor to get your temperature which would been handy over the pandemic, now from your wrist.

the company originally aims to include that in this year's apple watch model but now it looks like it will arrive next year with a series 8. the company is working on a blood sugar or glucose sensor to make the lives of diabetics easier. currently have to pick your finger to get blood but apple's goal is continuous noninvasive blood sugar monitoring through your skin via the apple watch. that sensor is many years away. i'm mark german. this is "power up." emily: coming up, wall street is getting a bit more crowded. goldman sachs announced a full return to the office for most of its employees. we'll check in on what big tech is putting in policies next. this is bloomberg. ♪

>> we decided to be proactive. we know we wanted to clearance with the sec. we know that we want to set the bar in transparent financial reporting. and yes, it may have taken a little longer than we expected, but today, we are happy to share what we have done in q1. we beat our targets. emily: grab ceo anthony tan was speaking about is optimism the merger between his company and eight u.s. blank check firm to be completed by the end of the year. the deal with altimeter growth was due to close in july but has

been delayed as they work on an audit of its financials. we are watching. meantime, wall street has got busier this week. goldman sachs asked nearly all of its employees to return to his downtown office monday morning. the bank's neighbor citigroup says workers will not return until july. and even then many can work on a hybrid schedule. big tech companies taking big tech companies taking different strategies, amazon staff would work three days in the week in the office to salesforce who is adopting a fully hybrid model. joining is a flagship people manager thank you so much for , nadia joining us. , why are we seeing such big differences between companies in the same industry as to how to approach this? >> well, i think different industries have different approaches to how they are viewing their workforce. for us, at slat, we want to that are people we think an first. additional first approach to the future of work is where the industry and all companies will be heading. emily: does that mean that you think that companies that are

forcing workers to return to the office will lose talent? >> i definitely think it will be harder to find the best and the brightest if there are such different ways of approaching work. at slack, we believe we are not going back to the way things were. we are working as we have been working since march, 2020, and we have been creative and productive and we have been able to be effective. so, let's take those learnings and bring them into the future and establish them across the company. emily: but there are a lot of nuances here. i wonder if you can explain how you are addressing some of the complicated factors. what are the rules for executives, for example? do the same rules apply to them that apply to everyone else? nadia: absolutely. it all starts from the top. for instance we got rid of all of our executive floors and dedicated offices in all of our buildings. we've also asked our executives not to come in for more than three days a week because people will follow.

if their leaders are in, they will come in, too. we want people to embrace the digital first perspective and it starts with our leaders. emily: but there must be some challenges. i'm curious what challenges you are seeing and if you are at all concerned this is the way we feel now, but a year from now, two, three years from now, if the world bouncing backs, perhaps even more to a more office-centric culture, if then slack has to rescind some of the freedoms it gave its employees this year? nadia: two things are important to that. one, i think it is always important to listen to your people and to take an experimental mindset. not be locked in on this is the way we will be forever. but, two, i think our perspective is, that we are not going to snap back to sort of habits that we have had over the generations. this is a once-in-a-lifetime opportunity that the pandemic

has provided us to reshape the way that we work. we've proven it is possible. so we think that is going to be the way of the future. emily: how does this play out in slack's products? conventional wisdom would lead one to believe that more people go to the office less people you -- use slack. nadia: it's proven that people have been using slack before the pandemic and continue to great -- in greater numbers after the pandemic. once people use the product, it is something they found that made them more collaborative, more productive, easy to connect with people, understand information and decision-making and creating a more transparent culture. all of those things are positive effects of the product itself and also other digital tools out there to enable this type of work. emily: how do you think it is shaking out in terms of the war for talent? is there going to be a redistribution of people, or are they all going to go to the companies that are more like -- more flexible? nadia: i definitely think this will be table stakes.

having flexibility is going to be one of the key tenets that talents will look for in the future. for instance, we believe that slack is our hq, not a physical location. that is our toolkit to use for a specific type of work. collaboration, team building, project kickoff, etc. this has also allowed us to hire people outside of where our physical buildings are. over the last few months we have seen a trend where over half of our remote based employees are underrepresented minorities. we've been able to be more inclusive and get talent or talent resides, not just where the offices are. emily: that is certainly where the numbers show that slack has outperformed its peers especially on diversity and , inclusion. slack chief people officer thank , you so much for taking the time to join us and share your perspective and approach. ok. coming up, lots more from microsoft's brad smith

including fighting climate , change and creating racial equity, not just at microsoft but across technology. that is next. and etsy was one of the biggest movers on the s&p monday. bloomberg intelligence saying sales from the e-commerce retailer could grow by double digits in each of the next five years. amazon, meantime is expected to lead the charge. smaller companies like etsy are expected to do well due to price and convenience, and of course innovation. this is bloomberg. ♪

emily: earlier we heard from brad smith from microsoft about hot topics of the day like ransomware, privacy, and antitrust, but microsoft also played a significant role in reaching goals in the effort to fight climate change. i spoke to smith about that and more, earlier today. take a listen.

brad: we've learned a lot in the year and a half since we embarked on our own very broad ambition to be carbon negative as a company by the end of the decade. one of the things we learned it unless we can all measure carbon is all about measurement. unless we can all measure carbon emissions the same way in every organization around the world, we're really not going to have a basis for confidence that we are making progress. the second thing we have learned is shareholders care about this issue. they increasingly want to know what companies are doing when they are making investment decisions. we filed comments with the sec today. strongly endorsed the sec embarking down a path with rulemaking. it will have to do it on a step-by-step basis, because i think we all have to start by rallying around the need to create a common basis for standardized measurement around the world. as these measurement systems get better, i think it will connect

very closely with the need for transparency and accountability. starting in just two weeks, part of my pay will be based, in the next fiscal year, on whether microsoft makes progress in reducing carbon emissions. this is something people will want to see out of executives around the world. they will want to see it out of companies and governments and nonprofits. the sec is playing an important role in helping to spur what i really believe is one of the most, frankly important , movements of a generation. emily: on that note, even if microsoft meets its climate goals, that does not mean the rest of the world will. what are you doing, what is microsoft doing, to help others along that path? brad: well, i think we have a very important role to play in multiple ways. first, we have got to get our own house in order, as we are on focused on doing. but, second, we are working with our suppliers and our supply chain to strengthen measurement systems to help them reduce emissions.

this will be like so many other issues. it will need to be automated. it will require world-class technology, that organizations of every size can use to record and report and ultimately reduce their emissions. and we are leaning in there as well. this will be a big priority and -- priority for us in the months ahead. as a company to provide technology to support our customers. emily: now, brad, it has been disclosed that received a microsoft's board in received a complaint about an affair the 2019, bill gates had with an employee in the year 2000. you have responded to this and i wonder will microsoft take any , more steps to conduct an investigation into bill gates's behavior when he was ceo, chair or on the board? i know he does still meet with satya, and employees on product from time to time. will those meetings continue?

brad: let me just say this. our board looked at these issue in the past. bill made a decision to resign from the board. we feel very good about the investigation we pursued, and in particular, the focus on the individual who raised the concerns, because i think that is something we have all learned in recent years, to frankly focus on the needs of the claimant, the victim. and we did that. what i will say more than anything else is that the microsoft or 2021 is very different from the microsoft of the year 2000. the world of 2021 is very different from the world in 2000. for a lot of good reasons, there's a lot that happened in the year 2000 that would not be considered acceptable today. but, as we look to the future, i feel very good about the safeguards we have in place, the policies we have in place, really, the culture we built to that address this issue. and we will stay focused on. emily: on that note, will gates

still have an influence on the company, even if he is an advisor of sorts in these product meetings as a company is -- as the company is changing? this is the company of all of the employees who work there today. brad: well, i think you will see us continue to talk to bill in an appropriate way on issues that matter. look are talking about sec , comments today about climate change. i have to say, i've probably learned as much from bill gates on climate as anyone else as i -- anyone else i have had the chance to talk to. i think bill is doing more to address climate change than almost any other person. where there are opportunities for us to work together in an appropriate way a way that is , sensitive to all the issues people have raised, we will continue to benefit from his advice. and i think you will see bill, himself, want to address these in a very responsible way. emily: ok.

speaking of responsibility microsoft has just released a major equity report with a , multiyear plan about goals you are setting. what are the most important things that you see in this plan to keep microsoft on the leading edge of the cultural, culturally informed workplace? brad: there's really two dimensions i think for all of us who are in the business community when it comes to racial equity. first, how do we do a better job as businesses in creating opportunities, for example, for the black and african-american community in this country? to not only enter our workforce , and workplace but rise and , have the opportunities to succeed and be promoted. that's why we're very committed to increasing representation. emily: brad smith, microsoft president and chief legal officer on a range of topics. that does it for this edition of "bloomberg technology."

tomorrow, we have an exclusive interview with stripe cofounder john collison. that will be a fascinating conversation. do not miss it. i'm emily chang. this is bloomberg. ♪ wanna help kids get their homework done?

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yousuf: this is "bloomberg daybreak middle east." president biden says he has a very good meeting with turkeys later on the sidelines of the nato summit but the lira falls. manus: