alisa: i am alisa parenti from washington and you are watching "bloomberg technology." presidents trump and putin had their first confirmed meeting today in hamburg. trump confronted putin about russia's meddling in the campaign which putin denied. putin also complained about economic sanctions. the president also met with the mexican president of the g-20 summit. trump still insist mexico pay for his proposed border wall. mexico said it would do no such thing. homeland secretary john kelly is in mexico where he watched troops destroyed poppy fields as part of the drug war. senate majority leader mitch , mcconnell plans to produce a new replacement bill for the affordable care act in about a week but he is leaving open a potential plan b if the g.o.p. effort falls short. he says if common ground is not reached within the party, they could take action on the private health insurance market. protesters and police clashing at the g-20 now. we wanted to bring you live pictures of that. the two groups have faced off since the summit started in germany yesterday. police say 1

i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." coming up, sprint is tapping warren buffett and john malone for billions of dollars. will it help turn around the struggling telecom giant? we will discuss. investor revolt at uber continues. some of the first backers are looking to sell their shares. with just a few days until "game of thrones" returns, we are taking a closer look at hbo's standalone streaming service and how it stacks up to the competition. the latest twist in the uber saga. bloomberg has learned shareholders and the board have discussed selling some of their shares to softbank and other potential investors. the deal could include an injection of new money into the ride-hailing startup. it is unclear what valuation the shares would carry or how much softbank or other investors would buy. any private share sale like this would need to be approved by uber's board. for more on this story, we are joined by peter elstrom, cory

alisa: i am alisa parenti in washington and you are watching "bloomberg technology." let's start with the check of your first word news. sarah huckabee sanders will succeed sean spicer next month as white house press secretary. spicer resigned today posting on twitter it had been an honor to serve the president and country. his resignation came shortly after president trump hired financier anthony scaramucci as communications director. president trump is shaking up his legal staff. john dowd will be the lead attorney on the team dealing with special prosecutor robert mueller's russia investigation. dowd is denying reports the president wants to highlight potential conflict of interest on the special counsel's team. iran's deputy foreign minister is accusing the u.s. of not living up to its side of the nuclear agreement. the u.s. announced new sanctions this week and warned tehran would face consequences for breaching the spirit of the deal. it is official. the u.s. government is banning americans from traveling to north korea. this comes after otto warmbier died after

this is bloomberg. ♪ alisa: i'm a alisa parenti in washington. watching "bloomberg technology." that's a start with a check of your first word news. the epa has been saved from proposed m

i'm alisa parenti and this is bloomberg. emily: i am emily chang and this is "bloomberg technology." up, uber and redfin's becomes an ipo success story. why the timing was right to go public. and a bloomberg exclusive. merger mania as consolidation soars across the industry. kayak's ceo joins us to discuss the m&a sweeping the travel industry. first to our lead. it is a big day for tesla ceo elon musk. he will be handing over the keys to the model 3. has characterized the model three's men rode to mass-market drivers with a price tag of $30,000. for the masses? joining us, to discuss caroline hyde in london, alex webb, and the cox automotive senior cox automotive is the parent company of the brands kelley blue book and auto trader. is it really for the masses when a fully loaded car is more expensive than 35 k? >> is hard to think of it as a mass-market car when you think of the bmw three series as similarly priced and it is not a mass-market car. it still does not have the volumes that elon is predicting he wants to assert

i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." coming up, hip hop looks seems to have blown -- the apocalypse seems to have blown over at google. masayoshi son's multibillion-dollar spending spree could affect another major market. we will discuss the softbank threat to google as rivals look to capitalize on the company's crises. open talks with executives from time warner and at&t as the 85 billion dollars deal continues to take shape. first to our lead, off shares dipping in after-hours trading. the parent company releasing second-quarter earnings which sent shares soaring but then turned south. revenue came in at $26 billion, up 21% year over year. but aggregate costs per click dropped. these numbers include the effect of the $2.7 billion fine from the european competition commission. she told me it is so early in our analysis of the decision, this is an ongoing legal matter and they have not decided if they will appeal. joining us f

i am alisa parenti and this is bloomberg. ♪ is "bloomberg technology."line hyde, in for emily chang. retail hiring increased by 8100 in june. interesting recovery from just a few months ago when the sector shed 30,000 positions in march. the industry has been hard hit ,y the so-called amazon effect the shift from brick-and-mortar to less labor-intensive online sales. samsung has had troubles of late, from exploding smartphones to the heir apparent on trial. he reported its best -- it reported its best quarterly profit effort. since on's revenue -- samsung's revenue the estimates as well. returned and attended one of the trials. still with us, my guest cohost, david kirkpatrick. you have great insight for us. the silver lining for samsung, the numbers. in particular, your area of expertise, chips really are flying. phones, itcare about is only the memory chips that matter. that is really what is going on. that is the heart of samsung as it became a modern, successful company and it is a success that has continued to this day. it has been brutal competing

i'm alisa parenti. this is bloomberg. "bloomberg technology," is next. ♪ emily: -- caroline: i'm caroline hyde from london in for emily chang. this is "bloomberg technology." up, big blue's for ibm. revenue dropped for the 23rd straight quarter. we break down their losing streak as investors lose patience. plus, the annual meeting of the minds as leaders in tech converge on colorado to share ideas on cybersecurity, ai, and the future of work. we are lives in aspen. reruns that digital eyewear with a new focus. we get an upgrade to the google glass and how the corporate version resonates with users. first to our lead, it is a hit and a miss for ibm. while earnings for shares are dropping after-hours after the tech giant came out with revenues that fell short. sales in the cloud platforms, as a key new area, but declined. its the 21st consecutive quarter that sales declined year-over-year. is our us from new york bloomberg intelligence reporter. this is painful when you are digging into revenue, because you are seeing year

i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ ♪ i am caroline hyde from london in for emily chang. this is "bloomberg technology." recordup, netflix's second-quarter. why content is king as tech earnings get underway. uber fit for business? the west coast had joins us to discuss the business platform and rebuilding the company culture without a c.e.o. at the wheel. the highs and lows and hacks affecting cryptocurrencies. we dig into what is driving volatility and the bitcoin selloff. netflix's second-quarter has seen the company shares climb 30%. the streaming service delivered adding 5.2 million streaming subscribers with a big portion of that coming from outside the u.s. shares are rallying in after-hours trading, up 10%. cory johnson joins us from san francisco. completely smashing it on the subscriber side. now it seems they have 50/50 when it comes to international and u.s. users. cory: i like the way you say smashing, it sounds very british. smashing. now it seems theythe results arn terms

i am alisa parenti. this is bloomberg, just after 5:30 p.m. thursday here in washington. 7:30 friday morning and the knee. we are joined by paul allen for a look at the markets. >> it looks like a pretty quiet and to the week around the asia-pacific area nikkei futures looking next and here on the asx, futures are up 2/10 of 1% after a couple days of decent gains. the big story locally is the australian dollar which seems to keep on gathering strength. cents.st touched 80 u.s. what is driving this along is u.s. dollar weakness and suggestion that the neutral cash rate will be 3.5%. the actual cash rate is 1.5%. a couple important speeches in that regard. the deputy governor will be speaking and the assisting governor, michele bullock. they will have an opportunity to reinforce or push back on this idea that we could be heading into a tightening cycle here in australia. elsewhere we are looking at the south korea 20 day import-exports for july. capital trust will be out with earnings in singapore. morepaul allen in sydney, is coming up next. ♪ emily: this is "bloomberg tec

i'm alisa parenti. this is bloomberg. it is just after 5:30 p.m. here in washington, 7:30 in sydney.orning an we are joined by paul allen with a look at the markets over there. paul: it is expected to be a positive day around the region, after record high as we saw in the u.s. nikkei futures looking strong as the markets wait on a speech from the deputy bank of japan governor. in australia, asx futures up 8/10 of 1%. the market is waiting on production numbers from the goal produced independence group. we have seen impressive dollar strength against the greenback this year. inflation numbers for the second quarter are out. that is expected to show some weakness. .4% growth on the corner down from .5%.inflation made disappoint as prices slip. we are awaiting on a speech from the governor here, philip lowe. we are waiting on new zealand. i'm paula lynn in sydney. more from -- i'm paul allen in sydney. more from "bloomberg technology," next. ♪ this is "bloomberg technology." i'm emily chang. back to the top story this hour. senate republicans voted to

i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ caroline: i'm caroline hyde from london, in for emily chang. this is "bloomberg technology." coming up, a change in ownership. we will analyze a u.s. rival's deal. plus, alibaba enters the ring as the fight to dominate the smart speaker market intensifies. how it stacks up against its rivals. preparesesla's model-3 to hit the road, a speed bump for the electric car giant. while tesla's sales shifted down a gear. first, a massive deal in the digital payments ace -- payment space. this comes after j.p. morgan showed interest, but ultimately backed away from the takeover offer. they hope to gain greater exposure to e-commerce retailers and small businesses through the acquisition. for more, we are joined by bloomberg's editor at large, cory johnson. with me for the hour as guest host is martin mignot. now, i want to kick off with cory first. give us the background of this deal. big exposure to e-commerce, smallr exposure to business. cory: why is it base

i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology." china fortifies its firewall in the latest move to tighten online censorship. we dig into the new crackdown. tesla's model 3 production goes into overdrive. two-time nba champion and emerging investor i do iguodala making a iguodala is big play for silicon valley. . bloomberg scoop china is cracking down on what it's citizens can find on the web. it has ordered the three major carriers to block individual access to virtual private networks by february 1. it essentially shuts down a major window to the global internet. thousands of websites are currently blocked in china including facebook, twitter, and some google sites including youtube. is normally based in tokyo but joins us from new york today. what do we know? >> china has been playing this game of cat and mouse with virtual private networks for years. for a while, people used a certain vpn and it works to get access to facebook, twitter

i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ emily: this is "bloomberg technology." coming up, silicon valley mobilizes against the fcc with its army of tens of thousands of tech companies. redick co-founder alexis ohanian -- reddit co-founder alexis ohanian joins us with his take on the fight for net neutrality. activision blizzard announces the sale of the first franchises. the new england patriots owner went all-in. we are live in sun valley, idaho, with one of silicon valley's most influential voices. sam altman joins us to discuss why he is leading the charge to find the next governor of california. first, the fight over net neutrality, a host of internet giants from amazon to facebook joining forces to protest the rollback of net neutrality rules. earlier this year, the fcc voted to start unwinding net neutrality rules put in place by the obama administration. on one side, internet service providers like at&t, verizon, and comcast were largely in favor of less regulation. on the other, fac

alisa: i am alisa parenti in washington and you are watching "bloomberg technology." trump has hired financier anthony scaramucci as his communications director. he was a fundraiser for the trump campaign and his name has been floated for several jobs in the administration. he spoke to reporters at a press conference to announce that appointment. >> this is an opportunity for me to serve the country. i love the president. i obviously love the country. it is an honor. is reportedlycci at least the third person offered the job of white house conditions director since trump was elected president last year. white house press secretary sean spicer resigned shortly after the announcement. president trump endorsed scaramucci after the new communications director wrapped up the press conference. president trump: he is a terrific guy. alisa: the president praised the uss arizona survivors as living examples of courage and patriotism. the russian doctor/lawyer who met with donald trump, jr., during the 2016 campaign represented a military unit operated by russia's intelligence

i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ emily: i'm emily chang.his is "bloomberg technology." amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. what the second quarter scorecard means for the bottom line and founder jeff bezos. plus, twitter's flatline. it beats on revenues and earnings in the second quarter, but did not move the needle on user growth. we will discuss its prospects for a turnaround. and samsung unscathed despite the crises within over the first half of the year. business is booming for the korean conglomerate. how it is within striking distance of apple's top spot as the world's most profitable company. dipping inon after-hours trading due to disappointment with its financial guidance, especially its projection of a financial loss in the coming quarter. the earnings-per-share missed lowest analyst estimates. results showing amazon is prepping to step up competition with rival walmart and cloud computing challengers microsoft and alphabet. investors continue to have faith in ceo jeff bezos

i'm alisa parenti. this is bloomberg. ♪ julia: live from bloomberg world in new york, im julia chatterley. joe: and i aim joe weisenthal. scarlet fu is off today. we're counting down to the close of trading. julia: financials under pressure. industrials, too. joe: but the question is "what'd you miss?" spicer is out and anthony scaramucci is in after a shakeup at the white house. >> i love this country. i love the president. it is an honor to be here. julia: the nation's greatest lenders are raking and $30 billion, -- raking i and $30 billion, just shy of 2006 levels. and investors may have a new away fromstay pakistan. we explain. joe: abigail doolittle is standing by. >> things, joe. we are looking at small declines heading into the close. ,e have the dow, the s&p 500 and the nasdaq all lower on the day. the nasdaq headed toward weekly gains. the dow is headed toward a weekly decline. noting this is the first day in for we do not have a record high for any of the major averages. at oppenheimer, one an

alisa: i am alisa parenti from washington and you are watching "bloomberg technology." mitch mcconnell has released a revamp of the republican health care bill which seeks conservative support by letting insurers sell low premium policies with minimum coverage. it is unclear whether it will survive a vote next week. french president emmanuel macron concedes to differences with president trump. but says the disagreement will not hold back discussions. they held a news conference in paris today and followed it up with dinner with their families at a famed eiffel tower restaurant. president trump's proposed budget would not balance within 10 years, contrary to the white house's claim, according to the nonpartisan congressional budget office. they estimate the deficit in 2027 would be $720 billion under the plan. prosecutors charge more than 400 people with health care scams. totaled $1.3 billion. it is called the largest health care fraud takedown in u.s. history. former president jimmy carter is being treated in canada where he is helping to build houses for habitat for h

. >> i'm alisa parenti in washington and you are watching cboomberg technology."eleased scores for the senate straight obamacare repeal bill. the nonpartisan offices the number of uninsured will increase to 27 million by 2020 and 32 million by 2026. it also says the bill will reduce deficits by $473 billion by 2026. the russian lawyer at the center of controversy over the meeting with trump jr. is offering to testify in the senate. she said she is ready to clarify the situation. the trump meeting at trump tower was reportedly set up to provide incriminating information on hillary clinton. appealspm theresa may to ministers to stop plotting against her and each other. labor leader jeremy corbyn is looking to exploit the divide. corbyn says he sees a cabinet "ccurring and back let -- bickering and backlighting." the head of the french military has quit in a dispute over defense spending. president macron shot back at a reception saying "i am your ."ief the turkish prime minister replaced or swapped 11 top ministers. is the onlyster high-level official to keep his jo

i am alisa parenti and this is bloomberg and "bloomberg technology" is next. caroline: i'm caroline hyde in london in for emily chang. this is "bloomberg technology." coming up, the bloodbath at microsoft as the software giant thes its full attention to clouds. while thousands of employees are out of work. plus, the investors banking on britain to keep its title and bragging rights of europe's leading tech hub. are pumping billions into london's technology sector despite brexit. in battle -- the co-founder resignation and downward spiral or the chinese tycoon's plea for more time to reap high and his focused on electric cars. to our lead. a major reshuffling going on at microsoft. the tech giant confirmed it is cutting thousands of jobs. the number of jobs ranges from 3000-5 thousand and most of those jobs in sales and outside the u.s. that is out of the companies 000 person workforce are the move is part of the company's reorganization to better focus on cap -- selling close suffer. allokesperson told us "like companies, we evaluate our business on a regular

♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."fter a procedural vote that went down the wire the senate officially can begin debating an appeal for the affordable care act. vice president mike pence cast the deciding vote. majority leader mitch mcconnell says debates will continue over the next few days. the plan is to finish with health care at the end of the week. senator john mccain, who is battling brain cancer, made the trip to capitol hill. he voted to move ahead on debating repealing obamacare. it is his first trip back since his diagnosis. mccain delivered a speech on the senate floor after the vote. he said he couldn't support the bill in its current form. in a joint news conference with the prime minister of lebanon, president trump thanked republican senators who voted to debate. president trump i'm very, very : happy with the result. i believe now we will, over the next week or two, have a plan that is going to be really, really wonderful for the american people. alisa: white house assistant press secretary michael sho

alisa: i'm alisa parenti from washington. you are watching "bloomberg technology." president trump said he supports his oldest son in a statement read today by white house deputy press secretary sarah huckabee. the president called his son a high-quality person and said he applauds trump junior's transparency. trump junior also posted emails regarding his meeting with a russian attorney. senate republicans will unveil the latest version of the revised health care bill thursday with a vote planned for next week. that's according to mitch mcconnell, who said he would delay the upper chambers august recess for two weeks. a dozen republicans oppose or challenge the bill. the president's fraud advisory committee is suspending its request for state voter information. that is after 44 states refused to hand them over. it will wait for a federal judge to rule whether those requests violate privacy laws. thousands packed a bronx, new york church in honor of a slain new york city police officer miosotis familia. the mother of three was shot to death while sitting in a police

i am alisa parenti. this is bloomberg.bloomberg technology" is next. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." coming up, a bloomberg scoop, china fortifies its firewall in the latest move to tighten online censorship. we dig deep into the new crackdown. tesla's model 3e production goes into overdrive. and, two-time nba champion and emerging investor andre iguodala one timesover, how the m.v.p. is making a big play for silicon valley. first, to our lead and a bloomberg scoop. china is cracking down on what its citizens can find on the web. the chinese government has ordered the three major telecom carriers to block individual access to virtual private networks by february 1. blocking vpns basically shuts down a major window to the global internet that helps users bypass restrictions. thousands of websites are currently blocked in china , including the new york times, facebook twitter, and some , google sites, including youtube. peter elstrom is normally based in tokyo, but joins us from new york today

alisa: i am alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your first word news. o.j. simpson will be paroled after serving nearly nine years in prison for armed robbery and assault with a weapon. a nevada parole board decided today that the 70-year-old former football and movie star will be released in october after serving his minimum term. jeff sessions announced today he has no plans to resign his position as attorney general. that, despite president trump expressing regrets about appointing him to the nation's top law enforcement job. robert mueller is expanding the probe into russia and the trump campaign. that is according to people familiar with the matter who say the special counsel is examining a broad range of business transactions by president trump and associates, including apartment sales to russians. the senate gop's revised health bill would increase the number of people without health coverage by 22 million over the next 10 years. the nonpartisan cbo also finds the bill will raise costs for people

♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."et's start with a check of your "first word news." vice president mike pence says the senate should, quote, "step up to do the right thing and repeal and replace obamacare." he spoke today in washington. republicans are said to be pushing the so-called "skinny repeal" that would undo a few affordable care act provisions. the border adjustment tax has been cut from ongoing negotiations to overhaul the u.s. tax code. a group of lawmakers said today there are too many unknowns associated with the policy. the tax would have imposed a 20% levy on domestic sales of imported goods. the nation's top military officer says u.s. policy on transgender individuals serving in uniform has not and will not change until defense secretary james mattis has not received -- receives policy direction from the white house. the chair of the joint chiefs of staff says they will continue to treat personnel with respect. hillary clinton has unveiled the title of her new book, "what happened." it hits the shelves

i am alisa parenti and this is bloomberg. ♪ emily: this is "bloomberg technology."y chang. the global threat of ransomware came to the forefront this week as a new cyber attack hit dozens of countries across the globe. there are still questions about the origins of the attack and what exactly the goal was behind this massive breach. we discuss the latest, plus other tech headlines grabbing attention this week with reporter alex webb and tom giles. >> right now, it is about how much did they get and how much were our operations disrupted. you saw a wide range -- this is not a traditional rant somewhere -- give us money we will give you back your data. this seems it was more about this was more of a disruption of infrastructure, specifically things like shipping. this big danish shipping company, one of the world's larges, if not the world's largest, they were getting their goods to port with screwed up because their data got locked. they are still assessing how big the impact was. wpp, the advertising company. fedex, they said they may have a material impact on one o

alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your first word news. president trump says russian president vladimir putin would rather have had hillary clinton in the white house. he spoke in an interview set to air tomorrow. trump also says his meeting with putin at the g20 went well and that he would be very angry if the senate does not pass a health bill. pick for fbimp's director says efforts to interfere with u.s. elections should be reported to the bureau. christopher wray made the commons under question today by senator lindsey graham. wray does not consider the investigation into russian meddling a witchhunt. senate majority leader mcconnell plans to introduce the revised gop health care bill tomorrow morning. republicans can only afford to lose three gop votes or the bill is doomed. at least a half-dozen republicans came out against the initial plan. and president trump's proposed tax cuts will lower federal revenue by nearly $8 trillion over a decade and benefit mostly the nation's highest ea

i am alisa parenti, and this is bloomberg. ♪ emily: i am emily chang and this is "bloomberg technology uber hits reverse on russia and gives the driver seat to a rival. second retreat from a major market. doubling down on vr with a new headset and price tag. how the hardware stacks up against industry leaders. under -- the gop unveils the new health care replacement. first, to our lead. uber is handing over the keys to its business in russia. the u.s.-based ridesharing giant is teaming up with what is known as the google of russia. ofwill take more than 1/3 the stake in the venture, valued at $7 million. it is a second retreat from a major market for uber. last year they left china in exchange for a 17.5% stake from a rival. this, after losing money from its competitor. have caroline hyde from london, david kirkpatrick, ceo of techonomy. had many tech heavyweights at their annual conference. and eric newcomer. how did this deal go down? in the worksbeen for a while back when travis kalanick and emile michael were still working in operational roles of the company. luber has been negotia

i'm alisa parenti and this is bloomberg. emily: i'm emily chang. this is "bloomberg technology." coming up, tension in the nation's capitol as formal talks reset the trade relationship between beijing and washington get off to a rocky start. why the world's biggest two economies cancelled their closing press conferences. and we talk about the sun certainly political environment. he will unveil the latest efforts to scale. and some of the top c.e.o.'s and emerging minds in tech hold court in aspen. our roster of interviews from the annual fortune brainstorm conference in colorado. first to our lead. chinese and u.s. government officials are meeting in washington for trade talks, but the gathering between the world's two biggest economies got off a tense start in the morning and the closing news krchtion was cancelled. earlier u.s. commerce secretary criticized china over the trade imbalance. >> china now accounts for nearly 50% of the u.s. goods trade deficit. if they were just a natural product of free market forces, we could understand it, but it's not. and so it is time to reba

. ♪ alisa: i am alisa parenti from washington and you are watching "bloomberg technology."cconnell has released a revamp of the republican health care bill which seeks conservative support by letting insurers sell low premium policies with minimum coverage. it is unclear whether it will survive a vote next week. french president emmanuel macron concedes to differences with president trump. but says the disagreement will not hold back discussions. they held a news conference in paris today and followed it up with dinner with their families at a famed eiffel tower restaurant. president trump's proposed

. ♪ ♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."rt with a check of your "first word news." vice president mike pence says the senate should, quote, "step up to do the right thing and repeal and replace obamacare." he spoke today in washington. republicans are said to be pushing the so-called "skinny repeal" that would undo a few affordable care act provisions. the border adjustment tax has been cut from ongoing negotiations to overhaul the u.s. tax code. a group of lawmakers said today there are too many unknowns associated with the policy. the tax would have imposed a 20% levy on domestic sales of imported goods. the nation's top milita

. ♪ alisa: i am alisa parenti in washington, and you are watching "bloomberg technology." start with a check of your first word news. o.j. simpson will be paroled after serving nearly nine years in prison for armed robbery and assault with a weapon. a nevada parole board decided today that the 70-year-old former football and movie star will be released in october after serving his minimum term. jeff sessions announced today he has no plans to resign his position as attorney general. that, despite president trump expressing regrets about appointing him to the nation's top law enforcement job. robert mueller is expanding the probe into russia and the trump campaign. that is according to people familiar w

i am alisa parenti, and this is bloomberg and "bloomberg technology" is next. ♪ caroline: i'm carolineyde in for emily chang. this is "bloomberg technology." coming up, the bloodbath at microsoft as the software giant turns its full attention to the cloud. why thousands of employees are out of work. and, the rush to get sales staff up to speed. plus, the investors banking on britain to keep its title and bragging rights of europe's leading tech hub. why vc's are pumping billions into london's technology sector despite brexit. and, a cofounders resignation and the downward spiral. the chinese tycoon's plea for more time to repay debt and his focus on electric cars. first to our lead. a major reshuffling going on at microsoft. the tech giant confirmed it is cutting thousands of jobs. the number of jobs to be cut range anywhere from 3000-5000, and most of those jobs in sales and outside the u.s. that is out of the company's over 121,000 person workforce. the move is part of the company's reorganization to better focus on selling cloud software. a spokesperson told us "like all companies,

. ♪ alisa: i'm alisa parenti from washington. you are watching "bloomberg technology."nt trump said he supports his oldest son in a statement read today by white house deputy press secretary sarah huckabee. the president called his son a high-quality person and said he applauds trump junior's transparency. trump junior also posted emails regarding his meeting with a russian attorney. senate republicans will unveil the latest version of the revised health care bill thursday with a vote planned for next week. that's according to mitch mcconnell, who said he would delay the upper chambers august recess for two weeks.

. ♪ are they being alisa: i'm alisa parenti in washington, and you are watching "bloomberg technologyrt with a check of your first word news. president trump says russian president vladimir putin would rather have had hillary clinton in the white house. he spoke in an interview set to air tomorrow. trump also says his meeting with putin at the g20 went well and that he would be very angry if the senate does not pass a health bill. pick for fbimp's director says efforts to interfere with u.s. elections should be reported to the bureau. christopher wray made the commons under question today by senator lindsey graham. wray does not consider the investigation into russian meddling a witchhunt. senate majority leader

. ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology.". trump have arrived back in the united states following a trip to france where the president helped commemorate the 100th anniversary of the u.s.' entry into world war i. the french president invited mr. trump to take part in france's bastille day celebrations. the legal fight goes on over the trump administration's proposed travel ban. the justice department will appeal a decision by a federal judge in white which weakened the travel ban. attorney general sessions is taking the issue back to the high court. israel's government says a holy site that wa

. ♪ ♪ alisa: i am alisa parenti and you are watching "bloomberg technology."r., has turned to twitter to defend himself about his meeting with a russian lawyer. the president's eldest son, who said he was told the attorney had damaging information about "obviouslynton wrote i am the first person on the campaign to take a meeting to hear info about an opponent. went nowhere, but had to listen." a spokesperson said the only inappropriate aspect of the meeting is that details of it were leaked to the media. the senate intelligence committee will meet with trump campaign officials as part of

alisa: i am alisa parenti in washington and you are watching "bloomberg technology."the check of your first word news. sarah huckabee sanders will succeed sean spicer next month as white house press secretary. spicer resigned today posting on twitter it had been an honor to serve the president and country. his resignation came shortly after president trump hired financier anthony scaramucci as communications director. president trump is shaking up his legal staff. john dowd will be the lead attorney on the team dealing with special prosecutor robert mueller's russia investigation. dowd is denying reports the president wants to highlight potential conflict of interest on the special counsel's team. iran's deputy foreign minister a

. ♪ alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology."rt with a check of your "first word news." president trump has arrived in poland where he could receive a rockstar welcome. the white house was reportedly promised a reception of cheering crowds as part of its invitation. mr. trump travels later to germany for the g20 summit. the visit to warsaw also comes before a high-profile meeting with russian president vladimir putin. there are some concerns about mr. trump's relative inexperience with global affairs ahead of his extended meeting with the former kgb spy master. u.s. u.n. ambassador nikki haley condemned north korea's icbm

alisa: i am alisa parenti in washington and you are watching "bloomberg technology."trump have arrived back in the united states following a trip to france where the president helped commemorate the 100th anniversary of the u.s.' entries world war i. the french president invited mr. trump to take part in france's bastille day celebrations. the legal fight goes on over the trump administration's proposed travel ban. the justice department will appeal a decision by a federal judge in white which weake ned the travel ban. attorney general sessions is taking the issue back to the high court. israel's government sends a holy site that was the scene of a deadly attack earlier in the day will not reopen before sunday after additional security assessments. the shrine was closed after three palestinian assailants opened fire this morning killing two israeli police officers before being shot. former president jimmy carter was released from the hospital today after being treated for dehydration in canada. the 92-year-old was volunteering at a habitat for humanity home-building p

. ♪ ♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."rocedural vote that went down the wire the senate officially can begin debating an appeal for the affordable care act. vice president mike pence cast the deciding vote. majority leader mitch mcconnell says debates will continue over the next few days. the plan is to finish with health care at the end of the week. senator john mccain, who is battling brain cancer, made the trip to capitol hill. he voted to move ahead on debating repealing obamacare. it is his first trip back since his diagnosis.

." ♪ alisa: i am alisa parenti from washington and you are watching "bloomberg technology."s trump and putin had their first confirmed meeting today in hamburg. trump confronted putin about russia's meddling in the campaign which putin denied. putin also complained about economic sanctions. the president also met with the mexican president of the g-20 summit. trump still insist mexico pay for his proposed border wall. mexico said it would do no such thing. homeland secretary john kelly is in mexico where he watched troops destroyed poppy fields as part of the drug war

. >> i'm alisa parenti in washington. you are watching "bloomberg technology."first word news. president donald trump fired reince preparest and replaced homeland security secretary john kelly. anthony scaramucci suggested recently that reince priebus leaked information to the press. reaction to the failed bid to repeal the u.s. health law. president trump: i said from the

. ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology."senate republicans working on a bill to replace the affordable care act are making progress but could use help from their colleagues across the aisle. president trump: the senate is very close to votes it needs to pass a replacement. the problem is we have zero help from the democrats. they are obstructionists. that is all they are good at, obstruction. alisa: meantime, senate majority leader mitch mcconnell is pressing dissenting senators to back the health care bill in a threshold vote tomorrow when they go to debate the g.o.p. legislation. it is unclear which version the chamber will consider. jared kushner denies any collision with russia. son-in-law spoke today after meeting with senate investigators are probing russian meddling. he spoke with the house intelligence committee for nearly three hours. house minority leader nancy pelosi and chuck schumer are offering a bejeweled message for democrats,

. ♪ ♪ alisa: i am alisa parenti in washington and you're watching "bloomberg technology." with a check of your first word news. president trump's made in america we kicked off at the white house. firms from all 50 states were invited to showcase domestically manufactured products. trump enjoyed overwhelming support from people who voted him in, but they are less enthused on his leadership on health care according to the bloomberg national poll. 60% think it is unrealistic a bill that improves on premiums and coverage will pass. u.s. trade representative robert lighthizer released a comprehensive summary of renegotiating objectives for nafta. the administration plans to seek