emily: steve ballmer, former ceo of microsoft, now owner of the l.a.ppers, with david rubenstein. watch the full interview wednesday at 9:00 p.m. eastern. next, opening up the android market. what does the eu decision against google mean for its competitors, smartphone makers, and the android platform? we are live streaming on twitter , @technology. this is bloomberg. ♪ emily: this is "bloomberg technology." i'm emily chang. googles $5 billion antitrust fine has caught the headlines, but what does it actually mean for the android that form and -- android platform and the smartphone makers that deploy it? the lead counsel for fair search, the industry group that brought the very original complaint against google to the 's, also counsel to the eu antitrust case against microsoft which concluded in 2009 and required microsoft to change its business practices. will this latest decision have a similar result? also joining us in london, alex webb, who argues in his latest column that google has escaped microsoft levels of antitrust pain. how so? >> as he wil

we will hear from former microsoft ceo steve ballmer on leadership in both tech and oil.ech companies in china are thriving things to the country's 2025 initiative. is it all in jeopardy as trade tensions lie? it is a record that google wishes it had not set. the european union has find the company $5 billion over its android policy. that is the biggest fine ever in an antitrust case. the eu says illegal practices on devices pushe google services in front of users. google was also ordered to change the way it but rouser apps on android smartphones. joining us from brussels is caroline hyde who caught up with the eu commissioner margaret, right after this decision was made. you got the first tv interview posted this decision. what were the tekey takeaways? caroline: the fourth of the way she describes this. these are very serious illegal behaviors. the slap of the fine is so eye-popping. it is a drop in the ocean compared to the amount that google can afford. they have more than $100 billion in terms of cash and investments, but it is a record-breaking number. she went int

still very important, but a different calm her steve ballmer -- calmer steve ballmer.nk you so much. you can catch the rest of the interview tonight on the david rubenstein show airing at nine clock p.m. eastern. official, david solomon will be the next ceo of goldman sachs. we will break down what the bank can learn from other secession stories. stories.sion this is bloomberg. ♪ alix: goldman sachs officially has a succession plan. the bank announcing yesterday that david solomon will be taking over as ceo. bloomberg opinion columnist steven gunn dealt rights, this puts the storyline back on track. it is one that is necessary. investors have shown less appetite for wall street rescue businesses.solomon still has a lot of work to do .it is not clear just how much he can or will he wants to shrink the trading business without significantly reducing the process. how easy is it, if you are ceo, to come in with a different kind of background than the current one and write an enormous shift? it sounds like a lot more like what industrial ceos have to do. >> and almost think

emily: did you ever tell bill gates or steve ballmer "i told you so?" i wrote a letter to steve after leaving microsoft, i had a great experience here, but as i leave, you should keep your eyes on this new startup called google, they have great potential. it was a very diplomatically worded email. we will invest in something we think is a bad idea if we like the person. ♪ emily: you do have possibly the most impressive list of angel investments of anyone, including facebook, airbnb, uber, dropbox. how did you get into all of those deals? >> investing in good people is the most important thing. every investor talks about investing in good people. we take it a lot more seriously. the way i mean that -- we will invest in something we think is a bad idea if we like the person. emily: you also invested in mark zuckerberg. how did that happen? >> we got involved with facebook when it was eight or nine people. at that time, a lot of people were saying, why are you involved in this company? my wife at the time said, are you trying to get into fraternity parties

the first day i started a procter & gamble, my roommate , hi.i i am steve ballmer.ecause i am nervous. so a shy kid. i develop some confidence in public speaking. it turns out i have a knack, and part of that is getting in front of your troops and pumping them up and telling a story. basketball is a weird environment. i don't have a lot of credibility. i'm an owner, not an expert. gethe end of the day, i can into the game and be verbal and vocal. david: what would you say is the most important characteristic to be a good leader? steve: commitment. you have to have your head in the game and be committed to be a good leader. there are two parts to leadership, one is leading people. and is about commitment people understanding you have commitment. the other part of leadership is you have to be a leader of ideas. the worst thing you can do is say, let's go. you point that weight come and the truth is you should've gone that way. so leaders have to be leaders of ideas. , butdeas compel the people the ideas have to be right and you have to stay committed. if 25 years from

my name is steve ballmer. my palms are so sweaty because i am nervous. so a shy kid.ter and better. i develop some confidence in public speaking. and it turns out i have something of a knack, and part of that is getting in front of your troops and pumping them up and telling a story. basketball is a weird environment. of course, i don't have a lot of credibility. i'm an owner, not an expert. but at the end of the day, i can get into the game and be verbal and vocal. david: what would you say is the most important characteristic to be a good leader? steve: commitment. you really have to have your head in the game and be committed to be a good leader. there are two parts to leadership, one is leading people. that is about commitment and people understanding you have commitment. the other part of leadership, which does not get talked about much, is you have to be a leader of ideas. the worst thing you can do is say, let's go. you point that way, and the truth is you should've gone that way. so leaders have to be leaders of ideas. the ideas compel the people, but then the

when i got to procter & gamble, the guy who is my roommate said it like this -- hi, my name is steve ballmerms are so sweaty because i am nervous. so a shy kid. but i got better and better. i developed some confidence in public speaking. and it turns out i have something of a knack, and part of that is getting in front of your troops and pumping them up and telling a story. i will do -- and basketball is a weird environment. of course, i don't have a lot of credibility. i'm an owner, for god sakes, not an expert. but at the end of the day, i can get into the game and be verbal and vocal. david: ok. what would you say is the most important characteristic to be a good leader? steve: commitment. you really have to have your head in the game and be committed to be a good leader. there are two parts to leadership, one is leading people. and that is about commitment and people understanding you have commitment. the other part of leadership, which does not get talked about much, is you have to be a leader of ideas. the worst thing you can do is for your people in general is to say, let's go. you po

you can watch the entire interview with steve ballmer on the david rubenstein show. bloomberg television. scarlet: we can see why he got the role that he did. that is your bloomberg business flash update. and you can really see that cult of personality coming out, that charisma. he is preserving those vocal cords, but you can still see it. scarlet: i have a feeling he unleashes those when he is watching basketball in the front row of l.a.. no doubt. he says one of the best things is watching your kids watch sports, but it is even better watching people play on the team that you own. scarlet: i will keep that in mind. lisa: it is a good experience. them know will let when i buy the new york rangers. [laughter] up, more oning chairman jay powell's testimony today. we speak to the top democrat on the financial services committee, maxine waters of california. whitetake you back to the house press briefing with sarah huckabee sanders. she said she believed that trump administration believes that tosia still poses a threat --. from new york, this is bloomberg. ♪ yesterday,

steve ballmer became famous for his high-energy performances while he was ceo for microsoft. billionaire has not changed. i yell and scream and become a little more moderate so i preserve my vocal cords. it certainly can be a problem when you're yelling, yeah, let's go. it can be an issue. i like the little taste of the ballmer energy. you can watch the entire interview on the david rubenstein show on 9 p.m. new york time on bloomberg tv. scarlet: that is just below the surface. julie: he was ready to explode there. [laughter] that is your business flash update read joe: coming up, -- update. joe: coming up, what you need to know for your trading day tomorrow. this is bloomberg. ♪ g. ♪ scarlet: "what'd you miss?" u.s. starks largely gained although the nasdaq -- oh look, it didn't do it. a little change there. don't miss the blackstone reports before the bell. joe: and i look at numbers at a: 30 a.m. eastern. julie: microsoft with earnings after the close of trading as well. scarlet: that does it for "what'd you miss?" bloomberg technology is next. joe: have a great evening.

taylor: you can watch the entire interview with steve ballmer on the david rubenstein show.r bloomberg business flash. the fed is planning to raise interest rates gradually. for now. those are the two keywords taken from the committee yesterday. a strong job market and inflation close to our objective in the outlook balanced. bestlieve that for now the way forward is gradually raising the federal funds rate. nejra: the dollar and vance after powell spoke but this was based on an upbeat assessment of the -- we are joined by david bloom. the dollar gaining against most g10. what was dollar bullish about what jerome powell said? your a dollar bear, right. he is doing what he has always been doing. the yield curve going negative, the fed is going to pull away, no. the economy is doing well, i am raising rates for now. i only care about now, worry about tomorrow tomorrow. this is a benevolent dollar move because dollar-yen went up. the dollar can also rally because of trade wars and the horrible things going on. this is a positive dollar rally. nejra: why do you think not everyon

>> i wouldn't short it because steve ballmer, some of his acquisitions did not pay off. >> you're soyourself. >> the fundamentals are great, the question is how much are you going to pay for that. do you see any dip today? stuart: no, i don't. >> there you go. >> so far behind when it comes to services, amazon web services, distant second behind amazon -- stuart: they're catching up. >> it is a catch-up story. stuart: president trump tweeting this morning several times, actually, here's number one: china, the european union and others have been manipulating their currencies and interest rates lore while the u.s. is raising rates while the dollar gets stronger and stronger with each passing day taking away our big competitive edge, as usual, not a level playing field. he's also threatened to put tariffs on every import from china. >> china's been manipulating its currency forever, we know that, but he's got to understand that raising interest rates is a sign that the economy is booming, and that's the problem. you can't have this hot economy continuing to boom but keeping rates low. i