joining me is abbey, the senior director of the tech challenge from the tech museum of innovation. she's a fully credentials teacher and lectures at the graduate teaching program and last year was named to the silicon valley business journal's annual 40 under 40 list. >> so glad to be here. >> on any other show, being under 40 would make you the youngest guest. not going to happen today. give us an overview of people who don't know all of the details. >> the tech challenge is an engineering design competition. students work in teams and we give them a completely different real-world problem they're working on. this year, it's kind of a slowback to the first challenge in 1988, and it's going to be a lot of fun. >> they have to come out of the ravine. >> they have to cross two ravines. one they have to go up eight inches and kind of the catch is they have to take everything with them. they can't leave anything behind. so that is really challenging. >> i always thought that is what was interesting, it's not like a science fair where everybody puts together some type of project. everyo

was tech selling in europe? europe is so important to u.s. tech companies. the market had assumed those things have happened. we won't know until the earnings roll out. that's why you see some nervousness, maybe a little selling on the margins. caroline: earnings season is upon us. abigail, talk to us just offside of earnings. there's a big story about -- a bit of a coup. abigail: it's a big day for blackberry, up more than 15% on the session, best day since 2015. this on the news they won a more than $800 million lawsuit against qualcomm. qualcomm taking a double hit, not just on the overall chip weakness, but also in losing this lawsuit. blackberry is down from multiyear highs. today, quite a pop for one of my old phone makers. i wish i could still use one of those with that great little touchscreen. the screen on the bottom. help me out. caroline: the keyboard? abigail: i used to love it. you could use it in any circumstance. caroline: in europe, there is a start up so you could buy a clip on keyboard. abigail: good to know. i should put that on to my iph

protestr tech forms of are on the rise.hat has been remarkable is the speed at which young israelis take these types of tools and privatize them once they leave the army. time or war, israeli innovations pop up throughout the world. coming up next, we will check out and idf inspired startup that wants to send laboratories to space. do do people want to experiments here? >> ♪ ashlee: forget dull strip malls and office parks. the startups of tel aviv come to life here in the city's vibrant neighborhoods. they feed off the city's energy, and the employees have a chance to escape their cubicles and live a little. i came here to meet one of the people that shaped the israeli start-up lifestyle. shlomo kramer served in the idf almost 25 years ago, and his first company checkpoint invented the freaking firewall. shlomo: we always had the start-up bug and we talked about the stuff we would do afterward, and it was always about startups. ashlee: like a lot of israel's tech elites, shlomo got his start with unit 8200, the top branch

so is thin tech -- fin-tech.or need a way to transact that is frictionless, as cheap as possible to transfer money from one person to another person. you see remarkable innovations around allowing people to use their cell phones. they are not even smart. very basic feature phones to transfer money between them. then people start to save money. there is a whole knock on effect. solar, fin-tech, and mobile money have been some of the growth areas in most places in africa. caroline: i love your tedtalk. you mentioned problem solving is at its purest form in africa because of the amount of issues that the continent does face. does this mean the homegrown solutions are only applicable to homegrown problems? or can they truly go global? toby: if it works in africa, it's going to work anywhere. we have enormous challenges around power, internet connectivity. as soon as you get out of a big city or a big town, you're going to struggle. things that work in that kind of environment are going to work everywhere. there is a

it's tech as a sector. it's some of these names individually that have come a long way. >> quickly in terms of netflix, know, can we give them? maybe they're play hack long game and are not focused on quarter-to-quarter, the fact that they are burning quash, admittedly so, maybe it's a ten-year land grab. right now they have 7 or 8% of the television market globally. think about that although i hear you on the netflix valuation, it's crazy. maybe they're into this for much different reasons. >> or amazon. >> the truth is if you look at the bottom of what they're doing, amazon or netflix. they don't seem like tech companies. uber you can arguably say. tech is what is propelling the story there. you can take over driving people around with technology. can you take uber retail with technology. you can take over the entertainment business with technology. that's what all of these companies are doing. all of them are doing the lands grab. jeff bezos is quite successful. >> tech, i have one of the biggest tech cl

let's get a wrapup of the tech ipos.at interviews, two very different performances straight talk to us about whether we should be blaming the bankers in this, was carvana mispriced, is the other leaving too much money on the table? alex: in my world they raise the exact same amount, selling 50 million shares for 15 million on top. thatyou look at cloudera, was arguably a very well priced offering on the basis of its past round. as i was pushing tom they're a little bit, it is a big haircut in terms of value. they did bring up the strategic partnership but it is a question that folks in silicon valley are asking, as when that last round, a little higher than what was realistic. investors seem to like that, it is pushing this idea they are willing to bet on these early-stage unprofitable tech companies. those two stocks have traded up. thedera is continuing silicon valley ipo pipeline that wear comfortable with. on the flipside, carvana, a phoenix-based company, is different. they are consumer facing. as a platform to sell

it has major tech implications.aming association estimates $10.4 billion will be wagered on the event. i spoke with tom russell, general counsel. i asked what the success on betting march madness spells for the industry. interestedertainly as a company that has worked extensively in sports. what is interesting about the amount of money we are seeing it is on march madness is moving on unregulated markets. to give you some context, betting remains unregulated in the united states outside of a few examples. most of the money being bet is that offshore on offshore websites which means that money is outside of the united states. that raises a number of interesting questions. you cannot always tell where and how the money is being placed. that is different from the market in the u.k. were sports betting is regulated by the government. caroline: we are seeing it move offshore. a lot is online gaming. how much more predominant is it becoming? >> online gambling has grown hugely in the last few years. that is partly led by

born looking at other tech hubs? it is people who were born in india and went to school in the u.s. maybe worked for a company and then they want to go back to india, and the opportunity there might be better for them. we do not see many people born in the u.s. go to india and work there. though i think that is going to change in the next five or 10 years. caroline: what about putting off those coming here to be educated or seek jobs at all. you yourself came over to be educated in california. you had been originally educated in india. do you think it could stop people coming to the united states? >> i think what is stopping people coming to the united states is two things. there is some undergraduate schooling in india. secondly, the negative feeling created about immigrants in the u.s., people are saying is it worthwhile? the pr is already hurting big-time. i think it will continue to hurt in a major way long-term. caroline: let's be optimistic. let's look at silver linings for india that these clouds in the u.s. h

i spent four months in the south bronx working at a tech cash or as a teller. three weeks full-time as a lender and as a loan collector and a payday lender in oakland california. what i saw that many people talked about having bank accounts as well but doing different things that one place or another. after both incest teller i came out from behind the counter and interviewed customers, told them why i had been doing the work there and wanted -- i was upfront with everyone. it would have been completely ethical to pretend that i was working as a teller. i talked to people why they weren't using banks or why they had closed their bank account i found that 50% of their tech cash or people, customers i interviewed, had bank accounts or had them in the past and close them. the three things they talked about in terms of why they chose to use the tech cash or was that it was less expensive, which was completely counterintuitive to everything i've read, the tech cancer was more transparent that they knew what they would be pain and when they would be painted and there

, aol, tech -- techcrunch, and huffington post. reaction you see to the brand is very short-term thinking and we are a long-term company. we are big believers in brands and huge believers in long-term commitments of talent, which is what oath is about. >> besides being a great executive, you are also graded marketing. people have been saying, how much did they spend on this? >> we developed the brand in-house. the last 24 hours we probably have gotten $50 million worth of brand marketing. when we go to launch our brand campaigns for yahoo! and aol, those things will be free and clear. it has turned out to be a huge benefit. >> apart from the branding, how is it going? how is the merger going to work? the main question i always ask, can you run up against-year-old shop of google and facebook? someone has to take them out at some point. >> first, let me start with verizon. for has a long-term strategy in the media space. we were the first acquisition they did. yahoo! is the next one. we will touch over one billion consumers. we are i

i am a big fan of tech. industry for a long time and i see a lot of potential for tech to transform people's lives. david: what is your information to president trump over how the tech sector has field innovation? >> i appreciated the value of people who were not u.s. citizens and the impact they could make it, particularly in these high skilled engineering .obs when i look at the broader set of numbers, the total number of people who come to the united istes under h-1b visas 65,000 relative to all people u.s., under visas to the it is a small number by percentage, two plus million come over all, 165,000 come on deck. of it is going into google and microsoft, but some is going to outsourcing jobs, the front end to outsourcers, for example india, so it is a broader and more complicated question, but based on a relatively small base of numbers. if you add all the new p visas, it is not a dramatically high percentage of the workforce. david: i heard you have an amazon echo. what is an upstart tech company do in

tech giants hit new records, dominating the world's most valuable list. will the earnings euphoria hold? two tech firms make their public debut with two very different performances. is the ipo market getting too hot to handle? as president trump approaches his 100th day in office, we will discuss the policies that had the biggest impact on tech, immigration, and tax reform. first, to our lead. this week has been filled with earnings from tech giants like amazon, alphabet, microsoft, just to name three, all of which have hit record highs this friday trade. alphabet reported thursday and showed the mobile boom is finally risking profits as google benefits from the surging clicks on smartphone apps. the company downplayed the effect of its advertiser crisis, citing growth from the site is the key driver. joining us is mark mahaney. and, bloomberg editor at large cory johnson. gentlemen, what a week. i will kick off with alphabet. it is one of the biggest players in terms of the market cap in those who give us the numbers. mark? mark: i think they gave invest

lauren: is tech rally ready to keep on rolling? let's ask lou, founder and chief analysts with tech research, good to see you, lou. >> good to be here. lauren: what do you think of this? is this rally in tech, nasdaq winning streak six-month's straight, how long does it go on for? >> it was like tech earnings paluza last night and google and amazon proved to be the headliners. with the growth that both companies put up last night, i don't think there's gowk to be a change in leadership or any slow down. i think it reset the narrative to focus on sales and earnings growth. both companies are put up impressive double-digit growth numbers in those areas and here we are looking at nasdaq 6,000, the companies hitting all-time highs, a foot race for thousand dollars per share for both of the companies and this momentum will carry us into the month of may. leave lowe both companies reported profits and booming sales, does that put to rest worries about slowdown in growth, do you think? >> i would be careful to characterize based on the tw

tech giants. we explain why. to the list of growing pains. we look at the chinese tech conglomerates long list of problems. the concerns continue over the visa's guidelines. jpmorgan ceo weighed in on the debate of keeping highly skilled workers in the united states. he explained that it is alarming that foreigners who obtain advanced agrees here -- advanced degrees here cannot stay stateside. he says "we are sending talent away by not allowing them to stay here. -- here." say it allowsrump outsourcing companies to bring in lower paid foreign workers. but these changes might just hate -- might just help u.s. tech giants. we have an extensive researcher into the program. corey, first you. we should remind ourselves why there is so much kickback against h-1b visas. guest: the perception is, if you want to have american employment, it's terrible. on the other hand, it is providing u.s. companies with workers they just can't find anywhere else. the knees have to demonstrate that in order to get workers. these aren't new conditions the trump admin

check us out at bloomberg tech tv.berg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin tonight with a series of programs leading up to president trump's 100th day in august -- office, april 29. the 100 day mark has represented an important symbolic milestone since president roosevelt. as he nears his 100th day, the administration continues to pursue an ambitious agenda. the president is looking to move this week on a second effort to repeal and replace the affordable care act. in the face of a possible government shutdown, he plans to

born looking at other tech hubs?stly it is people who were born in india, went to school in india and the u.s., maybe the u.s. for a few years, work for apple or a startup, then they want to go back to india and the opportunity might be better for them. we don't see too many people born in the u.s. go back to india and work there, but i think that might change in the next five 10 years. caroline: what about putting off those who are coming here to be educated? you yourself came over to be educated in california, stanford and the like. you originally had been educated over in india. do you think this could stop people from coming to the united states? naren: i think what is stopping people from coming to the united states, two things. opportunities in india after school in india, and secondly, the negative feeling that is being created about immigrants in the u.s. people are saying is it worthwhile? caroline: the pr is already hurting? naren: it is hurting big-time. it will continue to hurt in a major way long-term. c

but i am a big fan of tech.ch industry for a long time, and i see a lot of potential for tech to transform people's lives. let me ask you about the news of the day. president trump traveling to wisconsin. what is your message to president trump over how immigration has fueled the tech sector and affected innovation? >> as a ceo at microsoft, i appreciated the value of people who were not u.s. citizens and the impact they could make it, particularly in these high skilled engineering jobs. so i will stand by what i said. when i look at the broader set of numbers, the total number of people who come to the united states under h-1b visas is about 165,000 people a year. relative to all people coming under visas to the u.s., it is a relatively small number by percentage per i think 2.5 plus million come over all, 165,000 come on deck. if you look at where the visas are used, some of it is going into companies like google and microsoft, but some is going to outsourcing jobs. people who are on the front end of outsource

keep tech flying high?k, previewing those. >>> it's been a rough ride for energy investors since president trump took office. coming up, debate whether this year's worst sector can have a rebound. ♪ whether you're after supreme performance... ...advanced intelligence... ...or breathtaking style... ...there's a c-class just for you. decisions, decisions, decisions. lease the c300 sedan for $389 a month at your local mercrces-benz dealer. mercedes-benz. the best or nothing. >>> welcome back, how the dow finished on wall street, down, and nasdaq outperforming her, but just dipping into red territory, so not ending on another record high. the russell underperformed significantly, down 1.2%. s&p in terms of sector performance, tech was the best, up about one-third of 1%. health care, energy, the other two positives. telco's down 1%, and financials and materials close behind. as we mentioned, tech having a runup this week with the nasdaq hilting new record highs, and much more on tap next week with earnings from

the: the tech come -- lisa: tech companies would argue everybody benefits. they are potentially investing in lower-return acquisitions or just sitting in cash. they can bring it back home, put it in the hands of shareholders, who can then go out and buy or invest in other companies. that's the way we will see this innovation. the tech companies would be happy to be able to redeploy their capital in the most efficient way. the administration appears to be trusting the tech companies will do that as a result of this change. caroline: we've talked about giants, but what about the ?maller companies will this help smaller and medium-sized entities as well? lisa: they are probably less affected by the change in our international tax system on the but they will still get the benefit of the big rate cut. that flows through to not only the companies that have organized themselves as c corporations, but a wide variety of legal forms that are more commonly used by the small and midsized businesses. we are getting the benefit of that big rate cut that they would not hav

but i am a big fan of tech i was , in the tech industry for a long time.sform people's lives. reporter: president trump traveling to wisconsin today. what is your message to him about how immigration has fueled the tech sector over these decades, are you with him on that the system needs to be reformed? >> as ceo of microsoft, i appreciated the value of people who what were not u.s. citizens and the impact they could make, particularly in these high skilled engineering jobs. i will stand by what i've said. when i look at the broader set of numbers, the total number of people who come to the u.s. under h-1b visas is about 165,000 a year. relative to all people coming under a visa, it is a relatively small number. number by percentage i think it is 2 million plus, overall, and 165,000, under that. some of it is going to google and microsoft, but some is going to outsourcing jobs people -- jobs. it is a much broader and more complicated question, but on a relatively small piece of numbers. if you add up all the h-1b new visas that go to people at facebook or

we will bring you the latest in tech throughout the week with tech earnings rolling out.e kick things off with netflix. all episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv. that is all for now. this is bloomberg. ♪ ♪ david: what was it like when you came here? did people make crocodile dundee jokes? people would say to me is it true that all australians wrestle crocodiles. david: people throw things at the walls, scream and yell. james: i think if you are the seventh of 12 children, you don't want to be the thrower. david: are you in favor of repealing dodd-frank? james: what will replace it? the world doesn't want the large banks to be unregulated. david: you have been a ceo for seven years. that is pretty long. james: what are you telling me? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

why is tech rolling over? so much of tech was because we were going to get tax relief and all this cash back. we don't know if that's going to happen so i think if earnings don't deliver in this first quarter, you are -- you should see a pullback, which could give you a great opportunity if you're sitting an cash but then the market says, let's focus on earnings and you get secular growth from health care and a couple other industries. >> bigger pile of cash. >> but i didn't put domestic. i had a 21% after i sold the regionals on half the financials and then i put them down to 17% in cash, all into international. i love what's going on around the world. every country's beating us around the world. >> you're going to be dead right on that. when this year ends, overweight u.s. equities, letting it ride from last year, looking at the last five years and thinking that poast is prologue, those people are going to underperform. people like kevin recognizing what's going on overseas combined with valuations are going

netflix is not tech.t's just whether idiosyncratic growth, large-cap things that are prevailing that are independent of the economy are maybe overdone to some extent. so, it's tech as a sector, but it's also some of these names individually that have come a long way. >> quickly, in terms of netflix, though, can we give them -- maybe they're playing a long game and they're not focused on the quarter-to-quarter, the fact that they are burning cash, admittedly so, but maybe they're in this for the ten-year plan where it's a land grab. right now they have 7%-8% of the television market globally. you know, think about it, if they just double that, the behemoth they become. i hear you, it's crazy, but maybe they're in this for a much different reason. >> amazon, right? >> the truth is, if you look at the bottom of what they're doing, amazon or netflix, they don't seem like tech companies, per se, uber you could arguably say the same thing, but tech is propelling the story. you could take over driving people aro

your viewers are tech savvy. they get it.-a-lago, this has become trump territory and people don't want to listen. they are feeling left out and disenfranchised. we need to figure out how to equalize and offer the same technologies to everyone to educate, inspire, and motivate them to be part of this whole thing. then we want to make sure that we balance the dangers of technology with the good things they can do. with robots, it is good. when they take our jobs away, that's bad. this is what we have to learn. caroline: do you advocate things such as universal basic income, taxing robots, to provide a safety net for those who do not want to be retrained? >> the universal basic income is a critical ingredient. taxing robots does not make sense. they are going to tax my dish washer? we need to have enlightened policies. the jobless future is coming. whether we are ready or not, jobs will be eliminated. caroline: the entertainment industry is getting in on the vr craze. we take you to china, where one of the country's biggest fil

you're seeing large tech companies post strong earnings. the broader environment is unchanged from where we've been over the past few years. investors have been willing to reward these companies despite the economic backdrop. the past of least resistance is probably up rather than down. >> bertha pointed out in her report that we just ran that the big cap tech is what has been powering this market. are you worried that maybe this advance is too narrow? >> you know, it's a tough thing to say, because these are market cap weighted indices. when the companies outperform, the index does well. my view is this should broaden out over the course of the year. i said this market would move in fits and starts, it's going to entail some of the companies outperforming for periods of time and then smaller companies outperforming for periods of time. it may be a little bit of both. i do think this market can continue to rise, primarily on the back of stronger fundamentals. we're seeing earnings growth for the third consecutive quarter. >> when you say ea

lead big into the tech land grab in nevada. that is next.omberg. ♪ caroline: tesla's factory is about to have a new neighbor, google. according to "the wall street journal," the silken jet -- silicon valley giant bought land in nevada. there is also speculation the land could also be used for testing self driving cars at high speeds. joining us to discuss is our bloomberg technology editor. who knew this is such a hot place to build out your technology companies?talk to us first about the data element of this .this would not be such a new area of growth for google. reporter: google opens a new data center every one or two months, and they are always buying land ahead of time. now the common practice. -- that is a common practice. area.ight be a good you might be able to cool the data center quite easily there, in the high desert. caroline: of course, google, the crowd part of the business, they think it will be eventually bigger than the search part of the business. people are wondering white uber -- why uber is looking at nevada. nevada see

but what's in it for tech? the fcc chairman officially out with a plans to kiln that neutrality as we know it. ajit pai joins us for an extended interview. and a bloomberg scoop. dropbox hits akil moscone -- hits a key milestone on its way to an ipo. first, the trump administration lays out sweeping proposals to reform the u.s. tax system. the plan proposes to cut the corporate tax rate more than 1/2 to 15%, business is big and small. there would also be a cut to the top tax rate. there would be a 1% -- one time tax on moneys currently over sure -- overseas. why there needs to be tax reform -- >> our objective is to make u.s. business the most competitive in the world. we have a 35% corporate rate on worldwide income and deferral. it is perhaps the most comp located and uncompetitive -- most complicated and uncompetitive business rate in the world. not a surprise that companies leave trillions of dollars offshore. caroline: how will the tech industry be impacted? we are joined by lisa de simone, a professor at

how tech could be playing a bigger role. plus, toshiba warns about its future on the heels of a highly anticipated earnings announcement. we will discuss whether the company can recover. 23andme clears a major regulatory hurdle. our exclusive interview with the c.e.o. on the future of the genetic testing market. first to our lead, president trump's message to corporate america, job creation is at the top of the agenda. he made the announcement at a meeting with 20 c.e.o.'s. the meeting was focused on the $1 trillion infrastructure program as well as tax policy going forward. in attendance, g.m., pepsico, and walmart c.e.o.'s. tech c.e.o.'s were noticeably absent from the meeting. in december of last year, trump had a meeting with jeff bezos and tim cook just to name a few. how is silicon valley's relationship with the president involving? we post that question to the cofounder of elevation partners and silver lake partners. >> i think to staying alive is the only thing they care about. to me, the infrastructure thing is a he

we like tech.nies over the big ones. >> the big ones are getting bigger now. the highlights, the all-stars of the afternoon, mike and stefanie, are amazon and alphabet. >> they are right now, although, i think this short period after the close shows what's in earnings season. you have all the offsetting moves in general, earnings good enough to support the move we had in stocks, but it really is a higher bar than we've had three months ago, and that's why it's been a market that's idling here near the lhighs. >> willing to commit more dollars? >> i like what i'm hearing. it's about the ones down, i like to buy stocks when they are down, but i say this. i think the reason we are not seeing massive reactions is i think there's more generalizations to the names, and they understand these are the seculars, not driving earnings, may have a bad quarter or two. these are not bad quarters, not even microsoft. they ran really, really big time. assess the situation. see where the guidance falls out, and -- >

and that's partly because factory floors are going high-tech. that modernization means new skills are required to operate that machinery. morgan brennan looks at how companies are training workers for the factories of the future. she's in gross city, pennsylvania. >> reporter: technology, the adoption of automation, 3-d printing and digitization, transforming factory floors. and with them, job descriptions. take general electric, ge's been on the forefront of the trend. sensors, and robotics. ge workers here at this pennsylvania facility use data to access locomotive engines coming in for repair. that's a process that allows them to target specific parts, rather than do full teardown, which is what used to happen. this shift involves transitioning from paper to the cloud. as employees scan bar codes to create a digital thread of a machine. get acquainted with algorithms and use devices to complete tasks once done by hand. the ge transportation chief and architect behind the new factory model said it's creating a demand for skills that you may le

check us out at bloomberg tech tv.berg. ♪ ♪ yousef: president trump repairs delay office tax proposals. he wants a 10% levy on offshore corporate or -- corporate earnings. a 13 yearia had absence with a license to offer a full range of financial services. rbs it may be on the way out. it is planning to merge its unit , having tried for years to sell it.

the company wants to be considered an innovative tech leader. food tech is a huge topic right now.e capital funds are pouring money into companies like impossible foods. juicero is one of them that really caught the eye of a lot of firms are in san francisco. caroline: maybe catching the eyes of firms and users for all the wrong reasons. great piece. i urge our viewers to watch it and read the story in depth on bloomberg.com. that does it for this edition of "bloomberg technology." that's all for now. this is bloomberg. ♪ >> from our studios in new york city, this is charlie rose. i am jeff floor, filling in for charlie rose. news out of the united kingdom. it prime minister theresa may declared that she would call an early general election on june 8. the move reflects an apparent effort to give the prime minister more flexibility in pending negotiations to exit the or brexit.ion it is also a sudden reversal from the previous position that the country needed time to ensure stability with the issue it is

we will bring you the latest in tech throughout the week with tech earnings rolling out.off on monday with netflix. remember all episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv. that is all for now. this is bloomberg. ♪ ♪ oliver: welcome to "bloomberg businessweek." i am oliver renick. we are coming at you from the magazine's headquarters in new york. the satirical newspaper striking fear in the hearts of french politicians. what the maker of post-it notes is doing for government issued ankle bracelets. finally, the most expensive mistake for the u.s. military. ♪ carol: we are here with megan murphy, editor-in-chief of "bloomberg businessweek." so much this week. you guys take a look at stents.

me more about guadalajara as a tech hub.panies like intel and others been there? >> it is very interesting because it started many decades ago around the 1970's and 1980's. we had hp, kodak, but at the first stage it was just for manufacturing, so they would just produce stuff there and export them to the u.s., but now it has been evolving into becoming a design city, and a production -- taking the next step to not only being a manufacturing center. and now, we also have a bunch of startups setting up shop there. there was one i visited, a software development company that started out in silicon valley, then moved its offices to guadalajara because the costs there are lower and they have many advantages like nice weather, so it has been evolving a four hour flight from silicon valley, so it is now a booming tech hub that includes many of the world's most important companies in smaller startups. carol: it is interesting when you talk about the cost equation. that is why companies move offshore out of the united states where t

tech on a tear.olid earnings from amazon and google taking the nasdaq into unchartered territory. >>> countdown to shutdown. lawmakers have until midnight tonight to pass a spending bill and keep the lights on in d.c. >>> and the one thing president trump really misses now that he's president. we'll explain. his interview in his own words. it's friday, april 28, 2017, you're watching "worldwide exchange" on cnbc. >>> good morning. welcome back to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. it's new music friday. we're kicking off with the latest from haley steinfield. it's titled "most girls." straight to the market action this morning. ban good week for u.s. equities. we're up about 2% for each of the three indoiss for a whole. most gains coming in the first couple days off the back of those french election results. earnings have deliver the since then and kept the markets higher. 2% gains is the best week we've s seen since 2017. tech names likely to support the nasdaq, up 22 points

when they do not have a new show, it looks like a tech company.o have a new show, it looks like a media company. investors do not quite know what to make of it. caroline: netflix seems to be a bit of amazon in that it does splurge for flute -- future revenue. did anything stand out in terms of this week's earnings? >> a little stubble hurts a lot in a company valued at $60 billion. for a media company, that is a huge valuation. netflix is a conventional media company that figured out the internet earlier than the others. the others are figuring out the internet. in my opinion long-term, you're probably going to see netflix seem more in conjunction with companies like time warner and han compareddisney t to facebook or google which has been its history up to now. isoline:'s price to earnings 187 according to the bloomberg terminal. that is something to keep an eye on. let's talk about f8. that really captured the imagination in silicon valley. we heard from facebook the next big bet being on virtual reality. we also heard about being able to unders

plus what a week for big tech , earnings.rom alphabet, amazon, twitter, we will get to all the highlights. and a bloomberg scoop, dropbox hits a key milestone on its way to ipo. our exclusive with the ceo ahead. first to our lead. this week saw a showdown brewing in washington, cracking up in -- cracking open the net neutrality debate. the fcc chairman unveiled his game plan for rolling back net neutrality rules at a speech wednesday in the nation's capital. passed in 2015 by a democratic majority fcc, the net neutrality rules and to prohibit internet service providers from favoring or discriminating against online applications, content, and services. now democratic senator edward markey from massachusetts responded to the chairman's repeal saying, it makes no sense. we cannot keep the promise of net neutrality openness and freedom without the rules to ensure it. the trump administration and the ceo should inspect a tsunami of resistance. the ceo said the rules as they stand have made a digital divide. the fcc digital chairma

i'm a big fan of tech, i was in the tech industry for a long time and i see a lot of potential for techue to positively transform people's lives. david: let me ask you about the news of the day, president trump traveling to was not expected to sign executive order dealing with h-1b visas, important to the tech industry. what is your message to him about how immigration has fueled the tech sector over these last few decades, and are you within that system needs to be reformed? of ballmer: as ceo microsoft, certainly i appreciated the value of people who were not u.s. citizens and the impact they could make, particularly in these very high skilled engineering jobs trade i will stand by what i have said, when i look at the broader set of numbers, the total number of people who come to the united states under h-1b visas is about 100 65,000 the year, relative to all people coming under visas to the u.s., is relatively small number. it's 2 million who come overall and 165,000,. if you look at where h-1b visas are used, some of it is going to companies like google and microsoft, but some of it

our coverage of the remembrances at virginia tech continue all weekend.n virginia bureau chief julie carey is headed down to blacksburg to join us live at 9:00 tomorrow morning for a wreath-laying ceremony and a moment of silence on campus. >>> and switching gears, we'll get to the weather forecast. heating things up, summer-like tomorrow. >> yeah, indeed. but this morning you need a jacket and it is cool and cloudy. but tomorrow, shorts and flip-flops, you'll feel like a saturday morning, gray sky and we are going green. all the trees you see there near the capital and everything around the region going green quickly on this april morning, mid-april. there's the gray skies over this with our tower camera from upper northwest. temperatures right now are climbing, into the upper 50s to near 60 degrees in parts of the region. leesburg, 59. so is frederick. and sunshine in the mountains, but still a lot of clouds east of the blue ridge and east of the mountains to the bay. but they should be breaking up in another few hours. scanning the clouds, no rain here

it seems like we will see more in this enterprise tech last in -- tech class in terms of u.s.d companies. david: i can see why yext's ceo would want to go public for the marketing reasons. i'm not sure why investors should be interested in a company that had $120 million in revenues and lost $40 million. to me, that feels very bubble-ish. what do you think? alex b.: it seems we have seen a shift on putting more onus back on revenue. late last year, before we saw this rush, after labor day in 2016, investors in public equity markets wanted both topline growth and they really cared about profitability or paths to profitability. we've seen more of an appetite, whether it's a company like yext or snapchat, which did it go public earlier. we see more appetites for these younger companies, where the investors are saying i'm willing to come in and take a more risky bet, award you on valuation, because i think you have potential in the future. talking to people on the street, there are a few classes of investors that are looking at this. we have the ones that want to get in and lead i

the company wants to be considered an innovative tech leader. food tech is a huge topic right now.nture capital funds are pouring money into companies like impossible foods. juicero is one of them that really caught the eye of a lot of firms are in san francisco. caroline: maybe catching the eyes of firms and users for all the wrong reasons. great piece. i urge our viewers to watch it and read the story in depth on bloomberg.com. that does it for this edition of "bloomberg technology." remember, all episodes are now live streaming on twitter. 5:00 as out weekdays at p.m. in new york, 2:00 p.m. right here in san francisco. that's all for now. this is bloomberg. ♪ >> washington announces a review of the iran deal. nationally -- be sell assetsnts to after last year's $5 billion loss. the global is draining, but there more -- maybe more time to balance the market. >> the fed sees

mostly in the tech industry. there has been a wholesale replacement of middle class tech worker by the tech workers. they bring their people in and in some cases you see what happened to disney which is the americans have to sit next to the indian worker and train that worker to do the job as a condition of their separation agreement. this kind of displementf american workers has been happening this this program. among other things t makes it difficult for american tech companies that do need certain very highly skilled people to get the visas. >> that's what i was going to pick up on. ron insan a that was the point of the program in the first place. to help companies like the silicon valley companies that need high tech people and they argue that they need those folks. >> to a certain extent. a lot of this is blown out of proportion. there are 5.7 million open jobs in the united states right now. talking about 85,000 visas that include those graduate student visas as well. 20,000 go to students. from a policy pe

show me different ways to invest in tech.how me tech infrastructure and privacy protection and show me sources and users of data. there are so many things about the world. show me cybersecurity. so many things about the world. let us hope. >> let's take a listen to the president. >> i want to thank steve schwarzman for putting together this very incredible group of world-class business leaders. that's what you are. also joining us are secretary betsy devos, secretary wilbur ross, secretary elaine choi, scott pruitt and my budget director. that's the easiest job of anybody in the government. at the top of our agenda is the creation of great high paying jobs for american workers. we've made a lot of progress. you see what's going on. you see the numbers. we created over 600,000 jobs already in a very short period of time. it's going to really start catching on now because some of the things that we've done are catching on. we've already created more than almost 600,000 jobs. and yesterday toyota just announced that it will inve