i learned to program with the guys. emilyu went on to microsoft where you got your first job in 1987. paint the picture of the early years at microsoft. melinda: i was so excited when i got this job. i knew they were on the forefront and i believed in what they were doing. because i had this technology background, i could move up on the business side quickly to manage whole teams of coders, people in user education, marketers, program managers. i had a decision to make a few months after i was at the company. it was tough. i was used to working in very all-male environment in college. it was abrasive and combative. i thought maybe, i will just quit and go somewhere else. i can get a great job anywhere else. i thought maybe there is something about me that doesn't fit. it took me a while to realize, no, it's this culture. i don't want to be like that. i tried on being myself. it ended up being successful. emily: you met bill at microsoft. you got married in 1994 and you left microsoft in 1996. you have become one of the world'

they don't all look the same, which i think is fantastic. emily to think success is when a woman ceo or a woman engineer is normal. or a woman running for president or being president is normal. will that happen in our lifetime? melinda: yes. absolutely it will. and i completely agree with you. when you have women at the top, and the reason it is so important, is they role model. other girls can look up and go, i can be like her who is president. i can be like that movie producer. i can be like that director. i can be like that person who is creating amazing content. and so those role models are important. but you are starting -- you are really seeing it happen. the sparks are all there. we need to help keep it going. emily: and a woman president too? do you think that will happen? melinda: in my lifetime, definitely, i think that will happen. emily: melinda gates, thank you for joining us on bloomberg "studio 1.0." it has been great to have you. ♪ ♪ nejra: coming up on "bloomberg best," the stories that shaped the week in business around the worl

i think overall, the numbers are good. emilywhat about the afp, are you concerned that people are purchasing the cheaper priced phones? i just got off of the phone with tim cook and in general around the iphone x, he said it was the most popular iphone in the quarter every week. and the first time since then that the top iphone has been the best-selling. i think that is an incredible result. i do not have concerns about the price. i think it is priced for the value that it is. an incredible product. julie, do you have concerns about the afp dropping? julie: i would not be concerned for a number of reasons. smartphone adoption in mature markets is plateauing, and these devices are very expensive. it is more like purchasing a pc so the upgrade cycles are slowing. it will be harder to convince consumers to upgrade their phones every two years. it is in line with my expectations. the reasons to upgrade my phone is becoming more and more subtle. it is less about the camera and the screen and the nifty features and more about the subt

which i think is fantastic. emilyo think successes when a woman engineer or ceo is normal. or a woman running for president were being president is normal. will that happen in our lifetime? melinda: yes. absolutely it will. i completely agree with you. when you have women at the top, and the reason it is important, is a role model. other girls can look up and go, i can be like her. i can be like that movie producer. i can be like that director. i can be like that person who is creating amazing content. those role models are important. you are really seeing it happen. the sparks are all there. we need to help keep it going. emily: and a woman president too? melinda: definitely. emily: melinda gates, thank you for joining us. it has been great to have you. ♪ mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. o

emily's response? >> her response was yes. >> what was the second one? >> ied her if she was worried that alex would harm her or kill her. >> what was emily's response? >> she nodded her head yes. >> less than a week later, emily fazzino was dead. prosecutors said there was only one conclusion, alex murdered his wife. >> the only explanation here, after looking at all the evidence, all the circumstances, the head injuries were inflicted, and who would have done that? alex fazzino. >> now it was the defense's turn. this was to be a trial of two emilys. >>> coming up -- >> did you drink a lot tonight? >> no, i had three cocktails. >> the surprise evidence alex had up his sleeve. >> what's the matter? what did you -- >> emily under the influence? when "dateline" continues. ♪ protect your pets from fleas and ticks with frontline plus for dogs and frontline plus for cats. its two killer ingredients work fast and keep working all month long preventing new flea infestations on your pet. frontline plus. the number 1 name in flea and tick protection. proven to protect

>> i got into it when i was a teenager. emilydidn't you hack each other's websites or something like that? >> i think that did happen. i think it's an important duty as a 16-year-old older brother to help educate the slightly younger brother. i took that obligation and duty very seriously. emily: you made it to m.i.t.. you made it to harvard. in two thousand nine comey you both dropped out. how did you make that decision? safety in numbers, i suppose. ofpatrick has the honor dropping out of college twice. just startedad college at we had been building all sorts of side projects. i don't think anyone -- certainly in our case -- you don't set up to start a huge thing. you don't set out to build a large company. we want to to solve a problem. there was this disconnect between the fact that all of these services and businesses were getting started, smart phones have just arrived, and then you went to do anything on the business side and accept money for what you built, it is like back to the 1970's. i think it was helpful. we were yo

i am emily chang in san francisco. career,rse of john doerr has seen at all, making early investments in google, amazon, and facebook. john doerr is with me here now. i want to mention, you say this is much more than a book. say it's ae to handbook. it's not a business book. it's full of dozens of stories of entrepreneurs and business leaders struggling and succeeding to set goals that matter. my hope is that this isn't just for businesses. tohink we can take okr's our nonprofits, families, schools, and governments. we are at a critical point in time in which many of our leaders and greatest institutions have failed us. okr's what should trump's be? john: that is a very good question. they would be, grow the economy, half the country be respected in and around the world. his objective would probably be "make america great again," right? the objectives are very important to get. so too are the key results. let me say this. sylvia mathews burwell used okr to manage the ebola crisis. government is to be transparent and acc

it is not going to happen tomorrow, but i am optimistic. emilyt just about hiring, it is creating an environment where people of different backgrounds can be equal stakeholders. i am curious about what the transition has been like for you, joining a male firm that is very tightknit. rebecca: i stayed with my partners for a long time precisely for that reason. these firms are small. they are familial. they are based on trust. you have to trust each other's decisions. having that brian is essential and it does not happen overnight. for me, the transition has been smooth. i credit that to two things. the time we spent together before. and two, they were open to it. new ideas were not scary, they were exciting. the idea that i was different was an asset, not a problem. i think that is what creates success. firms that don't have that are not going to have success. emily: i want to talk about this new nonprofit you are part of working to increase the number of females getting funded and women in venture capital. some men have said to me, can we really

i are the beneficiaries. the big tech companies today are supporting us. emilyt's talk about tech companies, i spoke to tim cook last week and asked about spotify given that while there are other players it is a two horse race between apple music and spotify. he said i don't think about it that way and i think about the potential of getting all the people out there who aren't subscribed yet tasty music service, and that is the opportunity. to support the month the edge being exclusive content. is that going to be the differentiator? >> first of all, the potential, if you think about it, 2 billion people can afford to pay for music. emily: is a commodity? >> in comparison to tv, i don't leave and exclusive content is -- in comparison to film and tv, i don't believe in exclusive content. to consumer different things, and you want 30 million songs from your favorite band. the difference is all like different interfaces. also believe that wasn't traction will come in. emily: kobalt music ceo, ask for stopping by. coming up, billionaires bash but going into of the ri

♪ emily: i am emily chang, and this is the "best of bloomberg technology," where we bring you all ofur top interview from this week in tech. coming up in the next hour, chamath palihapitiya of social+capital joins us for an extended conversation on the biggest issues facing tech and venture capitalists right now. plus, uber predicts customers will hail flying taxis. we will hear from uber ceo dara khosrowshahi ahead. and more questions swirling around tesla after a bizarre earnings call. ceo elon musk is now reportedly putting contractors on notice and sparring with warren buffet. ♪ emily: this week, officials from top tech companies, including google, amazon, and facebook, attended a meeting at the white house on artificial intelligence. this ai summit was held amidst rising concerns about jobs, and the influence of china. it was not just tech. officials from goldman sachs, boeing, and cbs also got an invitation. we covered the details thursday ahead of the meeting, and bloomberg news' ben brody and spencer soper joined us. spencer: there are some signs of those tensions easing, and

i think overall, the numbers are good. emilywhat about the concern that people are buying the cheaper priced phones? i did just get off the phone with apple ceo tim cook. in general, around concerns around the iphone. he said it was the most popular iphone. the first time since we flipped the line with the iphone 6 and 6 plus that the top iphone has been the best-selling. i think it is an incredible result if you think about it. do you have concerns about dropping? >> i would not be concerned. for a number of reasons, one, smartphone adoption in mature markets is plateauing. these devices are very expensive. more and more like buying a pc but the upgrade cycles are slowing. it is harder to convince consumers to upgrade their phones every two years. so i think it is in line with what my expectations would be. the reasons to upgrade my phone are becoming more and more subtle. less and less about the camera and the screen and the nifty features and more about the subtleties that artificial intelligence fueled. emily: i asked him ab

♪ emily: i am emily chang and this is the "best of bloomberg technology."oming up, apple turning in a solid quarter. all painting a stop -- a strong and stable picture. and wall street applauded. we bring you the highlights. facebook makes headlines. becoming a matchmaker for billions of users. and tesla gets testy. elon musk shocks analysts and investors after he refuses to answer questions about margins and cash burn. but first, to our lead and apples blockbuster second quarter numbers. cook says the smartphone market is not fat -- is not saturated. in the meantime, apple services business had a sensational quarter and the business is on course to double business by 2020. for investors, apple will prioritize buybacks over dividends. apple stock shot up on the news and we delved deeper into what it all means. tom giles joins us. take but thecture numbers is that it is really good. dramatically.e up same quarter over last year. overall, the numbers are good. our people -- are you concerned that people are purchasing the cheaper priced phones? the phone with

i remain skeptical. emilyi want to talk about the executive turnover and reports that elon musk has taken back charge. who really is in charge of tesla right now? max: elon musk. not just in a broad sort of grand pronouncement sense. if you look at the memo he sent, it is very specific saying that musk is going to mid-level managers. he wants them to be able to justify even very small expenses. that is an approach that has worked for him in the past. spacex, he is the main rocket designer at this very large company. it is what he did with the previous cars, the model s and the roadster. making a car is a complicated process. there's a lot more automation than any other manufacturing endeavors that he has been involved with. emily: let's not forget we are expecting other tesla vehicles to be unveiled. how will tesla pull back on capex to produce 5000 cars at the same time we are expecting to see the semi and the model y? ed: i mean, yeah, you can't. you can't expand when they are pulling out automation they put

this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang. return out to our top story amazon holding its annual , shareholder meeting in seattle. the event has raised some concerns. separatepushing to jeff bezos' ceo and chairman roles. others are protesting that there should be more minorities on the -- should be considered for board seats. on publicmen to serve and private boards, and amazon initially rejected the shareholder proposal that they interview more diverse candidates, and there was an amount of protest, and the company came back inside, ok, we are going to do it. is it actually going to have an impact? >> well, i mean i applaud any , company that takes steps in the right direction on this topic. moving toward having a more diverse board will be positive for the company. and i think it sends a great signal to other companies. the hope is that others follow, but let's be honest, there is there is still a long way to go. this is step one. emily: amazon has three out of 10 directors as women, but they are all white, though actually

i think he speaks from a position of confidence. emily: we will stock of -- we will talk about the highlights from that report a little later. i want to talk about the business. amazon continues to maintain small margins. a east to be a big concern, but recently shareholders have not been saying anything about it at all. i wonder, are concerns about profits at amazon a thing of the past? >> sort of. revenue growth was always the key and will continue to be the key. the market share is significantly higher. investorse foods, expected them to take a margin hit, but they did not.they actually surprised on the upside . what they ended up doing, instead of changing the model, they started taking the low hanging fruit, no pun intended. maintaining margins while maintaining double-digit growth at a very high revenue rate. very few companies in the world can do that consistently. that's the focus. emily: i spoke with stephanie landry, the head of amazon prime fresh. amazon i asked her about to our delivery and how they can continue offering such

elon: i told you guys to ask questions that aren't boring. emily talked about a millennial-focused channel called hyper change television who ended up getting into 23 minutes of q & a with musk. i i set up a campaign, and had a couple hundred viewers emailing tesla's i.r. team. i sort of crowd source of much of question for viewers and subscribers and pitched it to elon and tesla. julia: could you not have waited for a shareholder day or an annual meeting, which is where shareholders were in a hurry they earnings call this? typically for shareholders. galileo: the quarterly conference calls are also for updates on the business. timeframe going into the financials. i would say i could have died more into the financials. i do think there is a place for this more strategic questions on the conference call. the huge energy stores project in australia, which elon must have referenced here and they are working gigawatt hours projects because of that success. vonnie: do you feel little used ?y elon musk no, i think it is a bit of a win-win. it is developi

♪ emily: i am emily chang, and this is the "best of bloomberg technology," where we bring you all ofur top interviews from this week in tech. in the next hour, gdpr goes into effect, changing forever how tech companies handle personal data. how it will affect you, and what is the likelihood it will be implemented in the united states? plus, zuckerberg faces the wrath of european parliament and leaves a lot of questions unanswered and lawmakers frustrated. we will bring you the highlights. tech leaders descend on paris to attend french president macron's tech summit. we will hear from some of the top names in european tech ahead. now to our top story -- friday, europe's new data privacy laws officially went into effect. gdpr, the general data protection regulation, brings unprecedented fine for companies that fail to adequately protect the data of e.u. citizens. we are talking 4% of of an offending entity's globabl total revenue or $24 million, whichever is higher. so just how will these new laws affect consumers around the world? bloomberg has the answer. >> you may have seen a few o

they work just as hard as i have. emily: what is the call to action here? mpanies like amazon, like starbucks be doing? jennifer: i think if someone works for your company, whether they are salaried or hourly, they should be treated equally. you should do whatever is financially viable within your company and stage. i'm not making the claim that rent the runway's benefits are the most generous out there because we are still growing. we are not a company the size of amazon, but i am making the promise that everyone is equal and as rent the runway continues to grow, i will continue to deliver more and more values to my employees. emily: while i have you here, we have been talking a lot about diversity. we have the bloomberg business of equality summit going on at headquarters today. we talk a lot about companies that are working really hard to change it. the numbers are moving. rent the runway is a company that has been diverse almost since the very beginning. i don't know, you tell me why. is it because you have a female ceo? is it because you were able to at

emily: that is on an upcoming edition of "bloomberg studio 1.0." ied him if they could be on the wrong side of history with this decision. do you think at some point there will be a cryptocurrency that works as a store value? will that be bitcoin? christian: i think it is hard to imagine without goldman's backing to create some stability. dealing with fortune 500, they want to make sure that the currencies they trade in our insured and backed. right now, i don't see bitcoin being it. i don't think bitcoin is efficient enough. again, i think there are many other use cases. if i am a fortune 500 company, i need to handle a lot of different things in my supply chain, logistics, sustainability, payments, trading. the actual payment piece is a very small piece of that pie. like track and trace. making sure the consumer goods are put in front of consumers in china, are coming from the right sources and have been tracked all the way. those are really big problems for business so i think blockchain will help. emily: there was a concern that you attach the te

emily: that the not necessarily work out so well with uber. mike: iin uber when i was running my company, leverage software. the company is doing amazing things, but that is one that we didn't -- that was not a fund investments initially. i took a piece of the uber stock, my personal stock, and was able to use that as a marketing tool to grow the fund. we had very little influence and impact in uber. and, early on, because it was not part of the fund. emily: obviously, uber has new leadership, a $70 billion valuation, and at the same time, they have pulled out in markets around the world or struck deals in russia, china, southeast asia. the scale might be what people envisioned it could be in the beginning. they have also halted their self driving test in arizona. how big do you think uber can really be at this point? mike: it is still at $62 billion value in the last traits that were done -- trades that were done and continues to grow rapidly. emily: is it a $500 billion company or $100 billion company? mike: i don't know, we will see. i was one of t

♪ emily: i am emily chang in san francisco. this is bloomberg technology.dp are goes into effect this friday. changing forever. how tech companies handle personal data. how it will affect you and what the likelihood it is and -- implemented in the united states. steve mnuchin is urging the justice department to review big -- review the power big tech has on the economy. the tech conference kicks off in paris. can emmanuel macron transform france into a global innovation? to our top story. it is the first truly massive set of laws of the digital age. it is going into effect in europe. it is called gdpr. it is meant to safeguard the information of european citizens. any company found violating the rules could face fines of millions of dollars. that means a company like facebook could be on the hook for $1.6 billion if it is found in violation. we will go to london to see if these laws will test that saying that silicon valley innovates while the eu regulates. we are joined by caroline hyde and alex. fortune 500 companies are spending almost a billion dollars

emily: ben and spencer, thank you so much. speaking of ai, take a listen. [ringing] >> hi, iould like a table for wednesday the >> for seventh. seven people? >> it is for four people. >> for people? when? tonight? --wednesday at six per wednesday at emily: it sounds 6 p.m.. innocuous, that call was made with a real-life person at the restaurant, and ai. it is called duplex. it calls for a table complete with arms and pauses of a real life human. tech watchers have not all enjoyed it. professor and frequent tech critic tweeted that it was horrifying and we heard these robotic voices should always sound "synthetic instead of human and this could lead to a destruction of trust." this has led to calls for programs like duplex to identify themselves before booking future dining reservations. coming up, blackberries ceo joins us next. later this goldman sachs issues hour, a new credit card and why they are moving away from barclays. this is bloomberg. ♪ emily: in the last few weeks three self driving cars have crashed in the united states involving uber, waymo, and tesla vehicles.

steve: i actually sold my twitter stake. emily: all of it? e i own something index funds. but i did. i decided i am not really excited to be an investor. great thing to do but probably not for me. b, the price was pretty good. thrive ceo arianna huffington has been touring the globe on a mission to transform corporate culture. we discussed how much progress she has seen and where she things companies need to do more. arianna: there is tremendous progress because finally, companies are recognizing that it is not about -- b butess imperatives, accelerating business imperatives. that culture is now seen more and more as absolutely essential for the success of a company. at thrive, we call but accelerating business imperatives. that culture the company's immune system. if the company's immune system is compromised, it will be much harder to deal with problems that are always inevitable. to be able to see disruption, to see the iceberg before it hits the titanic. culture is no longer the excuse of hr. emily: a group of former facebook and google em

it is something he and i had a chance to speak about generally. emily: michael, how optimistic are you that we could see a reversal in decision or that this could at some point eventually happen? michael: i am no expert on north korea. it has been a long-standing, complex -- it has been very difficult to get forward movement on. previous administrations have worked very hard to keep north korea from becoming a global nuclear threat. i think the trump administration has got a lot on its hands if it is going to try to make progress there. you have a very unpredictable leader on the other side and a lot of interests that are hard to reconcile vis-a-vis china, vis-a-vis the security of having a nuclear weapon, and the concern that giving it up might lead to regime change, and the challenges of regional security vis-a-vis south korea, japan, and china. all at the same time. emily: china had supported the summit from the start. could this give the u.s. and president trump an opportunity to take an even harder line on china when it comes to trade? michael: wel

emily: i am emily chang, and this is the "best of bloomberg technology," where we bring you all of the top interviews from this week in tech. in the next hour, changing forever. how tech companies handle personal data. how it will affect you, and what the likelihood it is implemented in the united states? plus, zuckerberg faces the wrath of european parliament. we will bring you the highlights. pariseaders to send on presidenth emmanuel macron. now it's our top story -- friday, europe's new basic privacy laws when into effect. brings unprecedented fine for companies that offend, we talking 10% of revenue report $.4 million, whichever is higher. we have the answer. ofyou may have seen a few these pop up on your phone. google, facebook, twitter, go daddy, and many more are updating their policies to give consumers more control over their personal data. those updates and changes are thanks to a new law governing data privacy, gdpr. only applies gdpr to people who live in the european union, but it's adoption is expected to have american backers. why don't we have that? when you sign up fo

i think for most people, the advantage is probably not worth the risk. emilynot just limited to amazon, alastair. the google home many was also reporting back to google. google scrambled and said they fixed it. when i look at these devices, i definitely think to myself and wonder what they are hearing. alastair: this has the software in it as well, and it is technically listening as well. that was a big snafu for the google mini. they had the software update just not reassuring. emily: it is also built into smartphones. alastair: certainly. i said good night to it last night and it launched a new thing where it made me the sound me the sound of crickets for several minutes and it was disturbing. if you want to have a private conversation, you have to unplug these things. longer-termnt, on a basis, people are going to have to make a decision, we want to get benefits out of this or we won't privacy? emily: dan, what is the solution? say no to technology? most people are probably not going to pick that option. dan: i'm a software developer, i wouldn't say no to t

emily: if you could pick one, amazon or walmart in 10 years, which would you pick? guru: to me, right now, i on amazon. given they have the dna. any company going. dna change, it is hard. emily: thank you so much, as always, for joining us. coming up, jake on joins the show to talk about investment opportunities in tech including why he thinks there is room for growth in the cloud. this is bloomberg. ♪ . ♪ emily: as i mentioned earlier, softbank's vision fund is making investment in gm's kroos automation and will own 20% of the company. the move highlights the deals in investments we have seen that are changing the landscape for anyone that manages money in the tech sector. it to discuss the impact of active investing and their outlook for technology, we are joined by jay conn. let's take a step back and talk about how we have seen volatility in the step -- in the market over the last six months or so p how has that impacted your investment strategy? jay: it has created more opportunities. 22% we started the fund, assets were in active field goals -- in passive vehicles. that number is north

were officers and everybody running around so i immediately grabbed my phone, it was when i started recording."emily weinman says officers approached her asking about underage drinking she wrote a lengthy facebook post about her side of the story. she admitted having an unopened bottle of alcohol.the situation apparently devolved. weinman says she refused to identify herself.tensions now up, police, through a news release, say weinman spit on an officer and kicked another in the groin.julia cortez and hewitt had been napping when all of the sudden....julia cortez/eyewitness "we saw her

i was running symantec. this is an opportunity for me to keep learning and hopefully help the lightspeed people. emilyare you concerned for regulation and how it will impact companies large and small? really as big as facebook, microsoft. mr. thompson: i think the recent incidents have raised the issue of regulatory oversight. there may be some that will evolve. i would not let that distract me if i was the ceo of a tech company. it is all about executing against the plan that you have in place. there is an issue that looms on the horizon for us. that is all around privacy. how are we going to manage privacy in a different way in a world where everyone is connected and the amount of digital content in that connected world is really significant? something is likely to happen, i just don't know what or when. emily: what would you like to see companies do about privacy? mr. thompson: tech companies should respect information about me or you. emily: what does that mean? mr. thompson: they don't sell it. they don't share it. they do it in a way that is relevant to the needs of their business. any of them m

i think that is a given. emilyresting that if google was broken up, there is an argument to be made that it could be worth a lot more. these companies could be even more powerful separately. how do you respond to that? if google is broken up, how should it be? a goodink there is chance that these individual constituent parts would be worth more. historically, we know that when standard oil was broken up, that is when john d rockefeller got most of his net worth. the fact that they are worth more individually doesn't mean they are more powerful. they can't conspire with each other as separate individual companies. in many cases they would have to compete. at the very least they would have to enter into contract negotiations. other people would have to -- be able to compete against them more readily. i agree with the other commentator. there is a possibility that they would be worth more to shareholders individually. i think that is something that we ought to think about down the line. the first step is to have a pub