whatare staggering and very cle. people want worklife flexibility. that is the term, worklife flexibility. they want autonomy. and they have earned the right to ask for this, because in the last 15 months or so, there is evidence that they can be very productive, while working from home without managerial oversight. so now, employers, on the other hand, want people back, and >> from the heart of where innovation, money, and power collide in silicon valley and people are asking why. beyond. this is "bloomberg technology" i don't want to the commute, i with emily chang. don't want the expenses to go to work, eat at work, have coffee at work. i want to have dinner with my family every night. why do you want me there? for what reason? emily: i'm emily chang in san emily: and yet there are francisco and this is bloomberg technology. coming up in the next hour, companies who are saying you have to come back. are those companies going to be on the wrong side of history? bitcoin, the crypto selloff are they going to lose talent? shows no signs of reprieve. we will explain the are there legitimate reasons to want people to be in the same

technicalities and what they place, but as you say, there are might foreshadow amid renewed crackdowns from china. so many workers that have a plus, an exclusive interview different idea in mind. prof. neeley: yes. with todd mckinnon. there is no doubt that many we will talk with the companies, particularly in the finance sector, are wanting acquisition, big tech antitrust people back in the office and in person. we're talking about goldman in the enterprise, and the task sachs and jp morgan chase and force as the delta variant takes off. why some employers fully embrace morgan stanley, etc. remote work and why some but they are unique in this companies do not. regard. we will discuss the fate of her other companies like pepsico, but work in a mostly vaccinated not necessarily in silicon u.s. valley. bitcoin fall into a two-week low even the u.s. patent office is due to chinese regulators saying we will give you cracking down on crypto flexibility, but let's have a activities. the government has ordered framework that will allow people to do this effectively. now, the question is what does crypto platforms to not provide that framework look like, and links to trading how can we make sure that we cryptocurrencies. they were also ordered to cut retain on tammy -- retain off trading channels for crypto exchanges and over-the-counter autonomy and flexibility? platforms. you saw apple announced their i want to bring in joe weisenthal, most of "what'd you return to work policy, which is miss?" and ed ludlow to

an every other day policy, and discuss. experienced backlash on the same what does this crackdown mean? day they announced their back to work policy, or framework. is it as bad as it sounds? so it's really important to be joe: no, china has been cracking down on crypto every three very clear, why do you want people back? months it seems. is it for collaboration, is it one thing that we knew was for innovation, is it for coming for a while, the sort of socializing? because if you ask people to purging of a lot of miners. come back into the office to do the exact same thing they could be doing at home, they are that has been expected for a saying no thank you. while. that will likely move somewhere else. they have discovered that as for the crackdown on some worklife flexibility can exist, trading, there was a bloomberg worklife balance was an story in 2013 saying the same thing. aspiration that they could never achieve. now there's a new approach and according to our reporting, what happens now, the regulators had there is no turning back. this is about looking forward, a call with some of the banks, and those who are trying to go saying, we mean this seriously. backward will be surprised. emily: it was really interesting i feel that we are going to be to see tim cook present that living with "china is cracking plan and hear workers unhappy down on crypto" headlines for with it. i am wondering about ready companies like goldman, who are the rest of our lives. emily: bitcoin has officially on the one extreme of the formed a -- we will explain some spectrum, do you think they lose workers?

what happens if a company takes that extreme of a position? of the technicals and what that prof. neeley: if we look at the means. emerging data, it informs is that a hint for more pain and to come? ed: this is where the 50 day us. moving average falls below the people were asked if we paid you $30,000 more a year to come into 200 day moving average. normally for a security, this is the office five days a week, a pretty bearish signal. would you do that? 67% said no thank you. you see get on the right side of your screen. there are also other studies but, bitcoin is not a typical which indicated 57% of employees security. all we can do is point to past who will not have the precedent. flexibility they so desire in we got this in march 2020 but it their professional arrangement, will also quit. we're about to enter, according was no impediment to further gains. march 20 19th, another death to earnst & young, one of the cross, one month later, bitcoin most competitive talent labor was significantly lower. market places we have ever seen in our career. it is more narrow trading range. so, i am 100% convinced that the bitcoin struggling to push above 40,000 u.s. dollars, kind of flexibility that people are asking for is going to be hiring teetering toward 30,000. the next phase, what happens if we preach 30,000? a retention mechanism. and those who are saying no to will bitcoin see dramatic falls? this will be at a disadvantage

emily: we are still waiting also for the big decision from the in the war for talent. emily: i know we have been doing this for the last 1.5 years, but sec about bitcoin etf's. it is hard to imagine what this looks like in normal times. you just had a conversation with so take me ahead three years, elizabeth warren. five years. does the sort of workplace does the fact that there is a delay here signal perhaps that dynamic, is it completely the u.s. could take a stance on different than what we have crypto? known for the last several decades? i mean, what does it look like? joe: it always seems like the hope, the dream, it is always prof. neeley: that is one of my favorite things to do, to right around the corner and the imagine the next three years or industry keeps getting more. i think hybrid 2.0 is going to disappointed. i don't have any special inside information but it does seem introduce physical spaces that like no one is in a real big are different than the ones we hurry in d.c. to get it done. are familiar with. meaning that work will be a it is clear there are a lot of place for socializing and collaboration, and also concerns about crypto. comfortable. the same comforts that we are there are concerns about the regulations of the exchanges. seeing in our homes. concerns about transparency. hybrid 3.0 i am firmly convinced of course, all the recent will be a period where we are headlines, they don't help either. going to see the digital revolution play out in our i don't think anyone in d.c., workplaces. it's the nature of work that is changing. this is the thing that the

the sec, is in any real rush to companies who are demanding create a new effort to -- people to come back are not embracing. the nature of work is changing, creating new avenue. so hybrid 3.0 is not about some people are saying, we need something that is exchange collaborating with sal and traded, something people can buy sally, it will be working with from their ameritrade accounts ai bots. rather than go somewhere else. we get this right now, we are right now, it seems these series actually preparing for the world of machine learning and of delays seem like a familiar artificial intelligence, data- pattern that the industry has driven work experiences, and of seen for a while. ed: our colleagues at bloomberg course automation as well. this is what i see three years from now, five years from now. emily: that is fascinating. intelligence out with research saying that the rationale for the decision to not approve thanks for imagining with us and bitcoin etfs is confusing. painting that picture. of course a hot topic we are you look at jurisdictions outside the u.s., bitcoin etf's going to continue to talk about. tsedal neeley, professor at have worked well. they are a cheaper way for a harvard business school, and bigger pool of investors to author of remote work access or get exposure. revolution, succeeding from anywhere. when you look at the appreciate you sharing your alternative, some of them are perspective with us, professor. complex. you can invest in a stock like coming up, the u.s. has the microstrategy where they have potential to get crypto wrong. large holdings. you can invest in a trust where that assertion and more from our recent interview with the

securities are all invested against bitcoin. coinbase cofounder and paradigm managing partner. we will hear more from him, and basically, bloomberg get you the view of the intelligence questioning the crackdown on crypto from china, next. rationality, saying, is it a if you are an avid crypto bigger regulatory framework, watcher of course you are definitely paying attention. bigger crackdown, and it is not ♪ so much about consumer protections. emily: bitcoin, not great. gold is significantly lower, but getting outshined by other options. what are the narratives in communities of normally fervent believers that you are hearing? joe: one of the things, as bitcoin rockets higher, suddenly there is a flood of new coins, the industry trying to sell you. parody coins, does going -- dogecoin. it has the effect of sort of blunting the buying power. instead of the money going into one order two coins, it goes

into all the coins. after tesla and microstrategy, i think people were expecting multiple. people are sitting on life-changing amounts of money, maybe i will sell a little bit. momentum in both directions. it is very easy for crypto narratives to change. a few things going one way or the other way, suddenly, 13%, it is not that bad, but it feels very different than in march or april. taylor: --emily: is bitcoin losing its reputation as the antiestablishment option. there are, as i said, other options out there. ed: a china crackdown is what is

driving the market on monday. sometimes, an elon musk tweet, when we had the pipeline ransom attack, for example, how easily the fbi were able to use the blockchain technology, the ledger, to use some of those ransoms paid in it going. they were discussions around el salvador making it legal tender. the involvement of old-fashioned institutions in the market of bitcoin right now as well as all emily: if you are an avid crypto of the retail trade going on right now. emily: wants to watch, and we will continue that conversation watcher you are paying attention to early crypto a doctor and right now. coinbase cofounder fred ehrsam. ed ludlow and joe weisenthal, he believes the blockchain will thank you so much. be the most world changing i want to stick with bitcoin and technology of the coming decade. the crackdown in china. on the latest edition of bloomberg studio 1.0 he talked about regulation and why the we want to bring in bitcoin u.s. could get crypto wrong. mining engineer brandon. take a listen. fred: so, i think the u.s. is at what is your read on this crackdown in china? a very important crossroads with crypto today.

is it bad in the long-term or something else? brandon: this is fantastic news. the u.s. is blessed with the it is a rite of passage for best currency in the world's freedom technology to get banned in china. look at google, facebook. best reserve currency today. it also tends to be the de facto it is making nations shiver in regulator for a whole bunch of their boots. the world. we also have a history of being the fact that markets are responding this way, i don't think they fully understand what the strongest technology country is going on here. nations are now picking a side. in the world. china is responding like with if you look at the most valuable google and facebook. companies in the world today, that is extremely bullish for most of them are american bitcoin in the long-term and internet technology companies. medium-term. emily: what do you say to microsofts, facebooks. i do think that crypto is a investors who bought in that are nuanced issue, and it is shivering in their boots, that their investment is not going to possible the u.s. gets crypto be what they thought it was the ec -- what they thought it wrong. i think today you have a lot of was? brandon: those investors are regulators whose job it is to unfortunately not orange build keep us all safe, and that is like we are. in the long run, bitcoin will be very appropriate. at the same time, i think crypto where it needs to be. the volatility is the tax that we pay for being on the right is the next internet-sized

opportunity for the united side of this trade, the states. i think it has the potential to incredible trade in the long run create as many if not more jobs that will be a huge dividend. emily: what is where it needs to than the internet, similar to economic growth. i think it has the potential to be to you? we have heard to a million, to square the circle on the privacy internet issues we have been infinity and beyond, one lambo talking about would big tech companies for the last 10 years. namely, we could use these by the end of the year. what is your price prediction? brandon: i don't like to speak technologies to continue to own our own data, while still too much about price. in my mind, one bitcoin is one getting the benefits of the bitcoin and that will always be internet platforms we know and the case. love today. emily: china is taking a stand the fact that chinese miners on crypto for better or worse, and that is also where most of will have to shut down and go to the united states, the long-term the mining is happening. do you have concerns that china trend that bitcoin is the is going to beat the u.s. in greatest store of value in the history of planet earth, nothing crypto, and that is kind of a big deal? fred: technically, yes. is even comparable. when i have cash, it goes into and it is on multiple fronts, to your point. bitcoin because i know what it one is, there are government is. it is the best savings mechanism. blips in hash-rate, geopolitical programs to explicitly build using crypto. this is true both with their tensions, these are all along initiative making a digital the way of bitcoin being renminbi. universally identified as the

greatest store of value you have it is also true of local government trying to use blockchain technology. ever seen. emily: how are the mining to your point, historically, operations in china different than what is happening in the most crypto mining has been in united states? china. recently there was actually a brandon: in china, a phone call government crackdown in china on mining, oftentimes because can be made and an entire mining energy was being siphoned from land can be shut down. the chinese grid which may or in the u.s., it is more tricky. we have things like state may not have been culture. i think there is actually -- rights. been kosher. texas becoming the capital of i think there is a huge bitcoin mining in the united states. if the federal government tried to do something to texas to try to shut down miners, there will opportunity for minors in the u.s. to step in, and on the crypto side to make it more be lawsuits back and forth. decentralized. if you want to view it from a they would be people with guns nationstate point of view, to on the border of texas. make sure that no single country greg abbott is a big supporter is within control. emily: coinbase cofounder fred of bitcoin mining. it is getting stronger in texas, wyoming, florida. ehrsam, part of a much longer it is much safer than under a conversation you can catch at bloomberg.com or download the central controlling, dominant studio 1.0 podcast and watch and government like china. listen while you ride. in the united states, it is as for the messaging coming around china, given the latest likely to mine bitcoin forever crackdown i want to turn to tom

than somewhere else. mackenzie joining us from beijing. emily: speaking about power, are there is a lot going on and i'm wondering if you could give us the big chair in -- of the big you at all concerned about the position that the u.s. picture. government is going to take? we have not gotten a lot of some of the crackdown is signals but we do know that happening regionally, not regulation is coming. necessarily nationally. brandon: regulation is coming i what are the high points we need to know today? tom: it really feels like the think more towards the exchange side. regulators here have taken their gloves off when it comes to battling the crypto space, as we see this flow in from particularly the minors and china, as we see them flow from trading. going back one month, china's china to texas, wyoming, and cabinet put out a statement florida, we will see more demand saying they wanted to see a crackdown on mining and trading. for skilled jobs. campus managers, i.t. staff, now you will need to look at these provinces where a lot of booming industries in the states. the minors have relocated in what is going to happen, the recent years because of the governors, the local abundance of cheap energy. politicians, the mayors, they provinces and areas like inner are going to double down. mongolia. those are areas where there has the positives for renewable been a big growth in mining. energy development cannot be overstated. the federal government, they can as your previous guess was have their own thoughts but we saying, china was home to have states rights in this arguably the majority of mining country and that will be a big

boon to bitcoin in america. of cryptocurrency globally. emily: if there were bigger about 65% of global mining space in china -- was based in china. mining operations in the united states, how do you think that what we have seen is a ramp-up what impact bitcoin adoption? brandon: clarity from the in terms of that crackdown. pulling in the banks and telling regulatory side, state leaders them to stop transactions. come out in favor of bitcoin. it is not just us weirdos on officials saying they're going to close down mines in that crypto twitter, but you have province in the next year. emily: ok. governors and mayors talking so what does this mean then for miners? about it. the more politicians like greg and for investors overall? abbott, the maker of miami, the people are trying to make sense of what china is doing right now more of these people we have and what that means for them. endorsing bitcoin, the easier it tom: there are couple key reasons why officials are doing is for other generations to get what they are doing. one is financial stability and involved comfortably and get control. excited. emily: straight from miami, they are worried constantly at the regulators here, that investors will get burned and florida, bitcoin mining engineer brandon arvanaghi, thank you for that will lead to social unrest. that is a concern for them. there is also that energy use joining us. coming up, the delta variant is problem as well. china set a target of 2060 to be gaining momentum and renewing carbon neutral. debate about vaccine passports. will have an exclusive interview when you have bitcoin mines and other crypto mines siphoning off

with okta cofounder and ceo todd some of this energy, it does not mckinnon. really align and dovetail with where would we start if we want that longer-term goal of china to do vaccine passports. this is bloomberg. ♪ to become neutral by 2060. but i remember going back to 2017, going and visiting mining in inner mongolia, at that point it was welcomed by officials because it was generating tax revenue, they crated jobs, and it was seen as a growth area. that has changed. you are seeing big miners increasingly investing in the u.s. emily: ok. look, we only have about one minute left. i am curious, there is a question of whether china will surpass the u.s. in terms of crypto power, or the center of gravity. is that not the right question to be asking? tom: it is hard to see how that is going to be the case now. but six months ago that would have been the right question to be asking. but given the extent of the crackdown we are seeing not just on mining but on trading, the fact you can go online and type in crypto exchange, it is

senseless. that all points to a direction of travel for officials here, where they want to essentially eliminate the crypto space here when it comes to trading, mining, and these exchanges. what the focus is on is the pboc's efforts to develop its own digital currency. we have seen that rolled out and tested in places like the south of china, with some mixed results. they have said consistently this is not about undermining the u.s. dollar, but we know the u.s. is watching this very closely. emily: obviously all this happening in real time. tom mackenzie with us on a very early morning in beijing. thank you so much for joining us. that does it for this edition of "bloomberg technology." make sure to tune in tomorrow. we're going to be joined by the fcc commissioner. i am emily chang in san francisco. ♪ ♪

>> the united kingdom is pretty highly vaccinated but is also seeing an increase in infections and overwhelmingly these are the delta variant. this is sort of the next chapter of the covid pandemic.

the virus is another one and we have to continue to press the case against the pandemic. emily: joshua sharfstein, johns hopkins bloomberg school of public health vice dean talking about the prevalence of the covid-19 delta variant. the johns hopkins school of public health is of course supported by michael bloomberg, the founder of bloomberg lp and bloomberg philanthropy. although the u.s. reports that 150 million americans have been fully vaccinated, there is still concern about the spread of that delta variant. warning of a possibility gulf a fourth wave, some -- the possibility of a fourth wave. joining us, okta cofounder and ceo todd mckinnon. you come at this from the security perspective. if we were to do this, how would we make vaccine passports happen? i feel like we have to talk about the politics of it from the start. president biden saying they will not be a national plan for vaccine passports but other countries are doing it.

is biden going the wrong way on this? todd: okta, we have 10,000 customers and week help our customers connect their technology, their apps and services, with their customers. we know what it takes to integrate things that are online together. with the vaccine, we know that getting as many people as vaccinated as possible is the key to beating this virus. we have developed the technology with the amazing breakthroughs. now, we need to get online with the status of vaccination so we can help people operate at a local level understand who is vaccinated and who is not so we can safely get back to normal. you mentioned the federal level. i understand people in the united states. the previous guest was talking about federalism, which is very important, divided between the

federal and state rights. we totally agree with that. haidi: a very good morning and we don't think the federal government should go to creating welcome to "daybreak australia." some sort of massive vaccine we are counting down to asia's status database, but they could major market open. shery: the top stories this go a long way in creating the hour, fed chair jay powell set standards, both the de facto standards on how things should to play down inflation risks look and how data should be when he testifies on capitol hill, but some influential stored, and the technical voices are urging the central standards. bank to start tightening. haidi: u.s. stocks staging a this could be trusted by users comeback as and organizations, going to a basketball game, going back to work, something we are very interested in. anything from local level all the way to states trying to make sure their state employees and citizens are vaccinated. i think we have standardization at the federal level along with implementation of this technology at the local level. emily: if we were to do something like that, where would we even start?

it seems like such a massive undertaking given where we are right now. where would we start in terms of building this database and how would we make it secure? todd: we are already starting. the state of california recently announced that we have a simple online -- basically, it is an online copy of your paper card. different states are doing in different ways. different companies and organizations are doing it inconsistently. i think the federal government could start by saying, here is how it should work. here's the types of information that you need. vaccinated, yes or no? not a lot of extensive medical history. if you standardize, what kind of information, what it looked like , what it was appropriate to be used for, and then let people implement at that standard. here local government or company could implement an online system that could collect that

information from whatever source they could get it from. we know how to secure these things. the whole world is moving online. we have the security technologies. we have to make this happen to get past the pandemic. emily: you and i have talked a lot about remote work and flexibility over the past year. i know that okta is taking a more flexible approach. as people return to the office, are you starting to see the benefits and is it impacting where you want the future to be for your company as so many companies are trying to figure out what to do? todd: it is a dynamic and uncharted territory. we tried -- we figured out how to work remotely like the world did, now we are trying to figure out how to combine the best of both worlds. in person with the benefits of being remote. our underlying principle here is choice. we trust our employees to know what it takes to be effective at

their job, effective with their team and make the right choice, whether it is working at home, coming in the office partially, a staggered schedule. on top of that, you have to ensure safety. we are confronted with the challenge of knowing who is vaccinated and who is not. we would benefit from the standardization of this. what we would say, to be in the office, you have to be vaccinated, the honor system of attesting to yourself. that gives the choice to people who are not vaccinated to stay home and work from home. emily: last month, okta completed its biggest acquisition ever, buying auth0. i wonder if you have thoughts of it from an enterprise

perspective. you compete with microsoft, to a lesser extent, google. should microsoft be part of these antitrust conversations and what should be happening in the enterprise debate where the leaders have often gotten a pass because there are so many competitors? todd: there is definitely a battle going on. in our industry, it is a battle for neutrality, choice of independence, and a battle to be locked into what we have mentioned. we believe it is critical for your identity stack to be independent from any other platform. it should not come as part of your email, infrastructure software. it should give you choice because ultimately, identity is securely connecting you to all of the other technologies. by having your identity system being independent and neutral, it gives you that flexible linchpin to jump off to any other technology you need to be

successful. that is why ucs in our product -- that is why you see us in our company build the flex ability from the very core. emily: we will have to continue that conversation another time. todd mckinnon, ceo of okta, thanks for stopping by. more than six months after its initial release, the game "cyb erpunk 2077" has finally launched on the playstation store with a disclaimer. this is bloomberg. ♪

emily: the videogame "cyberpunk" has returned to the playstation store more than six months after it was removed. the game, featuring the voice and likeness of kiana relief --

of kiana reeves, was released but was pulled because of bugs and issues, is back on the shelves but with a warning that players may need updates in the near future. coming up, amazon prime day has kicked off but the deals may leave some consumers disappointed. this is bloomberg. ♪

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emily: welcome back to "bloomberg technology." now for a look on the big market activity, want to bring in ed ludlow. what have you been watching? ed: i'm watching amazon, but not because of prime day. amazon is looking at a stake in cooper junior -- in a cupertino startup. one of the interesting details, they were going to order 1000 of the autonomous driving systems designed for semi trucks. they would also take a stake up

to 20%. around $0.47 a share, the right to buy around 20% of the company. it is a pending spac deal. so, public via reverse merger. amazon is getting aside the only process. amazon bought zooks, in 2020. it's also invested in a battery electric pickup truck maker. i wanted to point out, shares not really doing anything based on this news or amazon prime day, a little lower on monday. year-to-date, kind of underperforming, trailing the s&p 500. you wonder going ahead, put e-commerce to one side, what is the big story for amazon? is it e-commerce, cloud? it is a question i am going to be asking. emily: ed, thanks so much for that update.

meantime, back to prime day. shopping of course, one of the biggest shopping days of the year for amazon underway right now. this year customers might not be seeing the deals they may have hoped for. this, according to merchants, due to, higher advertising -- due to higher shipping costs and higher advertising rates. a lot of supply chain issues are continuing. melissa, every prime day it takes time to look at the deals and normally i do not find anything. full disclosure i did buy some lunchboxes today. i was preparing to talk to you about prime day for my kids. what was your take? are the deals good or worth skipping this year? melissa: i heard the same thing that you did, but in terms of rising costs and the fact there are all these supply chain issues that would squeeze profit margins and sellers could not have as great deals, but

honestly looking at the deals, they are pretty good. when i think about prime day i think about 23andme, insta pot and headphones. they always have deals. there are also new players on the market. if you look at 23andme, that is one of the biggest deals they have. there are a lot of copycats. so there are more options for sure. emily: talk to us a little about the evolution of prime day. you walk -- you worked at amazon for many years. prime day has had some bumps in the road. what has it taken to get to this point and coordinate all these deals on such a massive level? melissa: yeah. prime day is several years old at this point. the net of it is it's a big sales event. they really seem to rely on the ecosystem. they have now the evolution is

influencers, which is a large part of prime day. it is a win-win for them because they take a revenue share. a lot of influencers are curating demand about these products. the net of the evolution is it is more. they have two million deals. everyone expects it and i know they need to prepare for prime day. the only issue is it is a moving target. this year it was moved into june. that makes it a bigger challenge for a lot of people, but they really do have the playbook they do again and again, and it is a deal day. emily: last year was a $7 billion event for amazon. this year expectations are round $10 billion. where do you think that number is going to fall? melissa: i think e-marketer predicted $11 billion, which is an 18% increase year-over-year. i think it will be a huge event,

so that sounds about right. emily: and how does this set the stage for the second half of the year? we know that amazon is going to have a tough year-over-year comp because last year we were all on lot down -- locked down, and now we are in a moment where the pandemic is starting to be slowly in the rearview mirror. and you have andy jassy taking over the company from jeff bezos in just a couple weeks. so the possibility for the second half will be on him. melissa: i really do think that they are going to have some kind of tentpole event in october again. i do not know if they can call it prime day v2 or what they are going to call it, but these problems of supply chains and increasing costs are going to continue and condense into that consolidated five daytime prime -- five day time. the big question is what they will call it. emily: so, why are these supply

chain issues continuing? i mean, you would think that now 1.5 years into this they would have figured it out. but what are the problems continuing to persist that the folks on the other end of the amazon smile box does not necessarily see? melissa: all these issues that start with manufacturing in china with container ship shortages. there is a toy manufacturer that talked about a container cost to them $700 to $1200, and now it's $1000 to $1600 for that same container. we just see continued kinks in the supply chain system, and it is not something that just one year can fix. it will be an ongoing issue for a while. emily: so basically you are predicting a prime day two sometime any second half of the year. maybe in october.

could this become a biannual event? melissa: i think so. i think the big question is what do they call it. but yes. emily: all right. well we will be looking out for that. always good to have you here on the show. thank you so much for stopping by. we will watch how the deals play out. coming up, at least 80% of employees who work from home during the pandemic want some aspect of remote work, as offices open backup. we are going to talk about whether that is feasible as many companies call for workers to return to the office in person. a professor from harvard business school is with us next. this is bloomberg. ♪ next. this is bloomberg. ♪

emily: u.s. tech companies are continuing to outline different versions of their return to office plans, and as some of those policies become reality, it is important to note motivations and a data behind those plans. my next guest says more than 80% of employees say they want to retain some aspects of remote work, and of that number, 30% want to do it full-time. on the other hand, employers, some 70%, want people back in the office. for more on these tensions continuing to divide workforces, what is at stake, is tsedal neeley.

she's a harvard business school professor of business administration. thank you so much for joining us. this is a raging debate at every dinner table across america right now. you have spent more than two decades studying remote work.