david: you spent a lot of time with the leaders of tech in social -- tech institute -- leaders of techn silicon valley and elsewhere. do they get it? reid: they are on a learning curve that is moving fast so i think they will absolutely get there. david: what is the role of government regulation, u.s. government regulation? is there going to be regulation and should there be regulation? reid: it is quite possible some regulation will be good. it is possible to do some damage to the tech industry then it is to help. i think we should be careful. i think the dialogue should not be as much, should we regulate or not regulate, as much as, what should the target be? what should we want out of social media or infrastructure companies? what do we want out of the handling of data? what are some of the guidelines? we want you guys as companies telling us about these issues, reporting on them, and we want you to be more transparent about them so we can see if we have to push you, whether that is dialogue, inquiry, or regulation. david: if there were constructive regulation, would it be on the su

reid: yes, all of the great tech companies and all tech companies are saying how do we build these amazing tech products in the future are looking for the next major areas to build themselves or acquire, combine, and grow. that is the central pattern by which the major companies 10 years from now are the ones doing that today. david: as you look at it, that would suggest facebook is on the right track. as far as you can tell on the outside. google is on the right track, although concerned about facebook, right? amazon? reid: absolutely. david: do you raise questions about snap, twitter? reid: those are the existential challenges for those companies. the management teams can figure them out. evan spiegel is a good product inventor. jack dorsey is a good product inventor. i would not put it past them to figure out what the right thing is. but that is the challenging part of the business. david: as you go from a potential transition from this geometric growth and blitzscaling into becoming efficient and improving your product, do you need to change your people? reid: you see that in a lot of

hello and welcome to the week in tech.which the nhs decided it really shouldn't be buying any more fax machines. meghan markle was named the most googled woman in the uk for the second year running. and another bug was discovered in google plus. the flaw has lead to google deciding to shut down the service earlier than planned — in april. a busy week for google, as its chief exec, sundar pichai, appeared before the housejudiciary committee in the states. he faced accusations of political bias. the boss was also asked why if you google the word "idiot" in the images section, donald trump shows up. his answer, "it's all about the algorithms." it was also the week in which us football team the denver broncos showed off a robot bartender for its fans, although that pint looks like it has left a bit to be desired. virgin galactic has put its passenger craft, carrying two pilots, into space. it flew 82 kilometres up, that's the highest a commercial vehicle carrying humans has ever gone. and, finally, it was the week in which rus

we did see other tech stocks get a bounce.ith a lot of traders and asked what was going on. many people said they got just as many buy as sell orders and it looks like people are trying to position themselves in 2019, so maybe people relieve some of hese large tech names have gotten to the point where they are cheap enough to step in because we have seen a lot of those popular faang names rebound today, and that's helping lift the nasdaq higher. emily: what is the prevailing view on how long tech volatility continues? >> there is still a lot of worries. no one is saying this is out the window, especially in the wake of the news we got concerning huawei. as it relates to companies that have exposure to china, that is going to persist, so we should expect volatility to continue within the tech sector, and if you look at the fix for the nasdaq 100, it did increase today, but not quite as much as the vix that tracks the entire s&p 500 market, but i would say the real takeaway is you should not expect this to go away any time soon.

in tech controversies. samuel burke, cnn business tech correspondent: "in the tech world, 2018 will without a doubt be remembered as the year of cambridge analytica." there wasn't much known about the british firm until journalists banded together to expose the company's links to donald trump's 2016 presidential campaign and how it misused the data of up to 87 million facebook users.the social network experienced the biggest single-day loss in the history of the stock market when its shares fell 19 percent as the company advised investors it would spend more on security and user privacy. the sell-off vaporized about $119 billion in market value samuel burke, cnn business tech correspondent: "that was just one of many falls from grace for the tech sector in 2018, including bitcoin."in december of 2017, one single bitcoin was worth nearly $20,000.but by the first few months of 2018, the cryptocurrency bubble had burst.hundreds of billions of dollars in value disappeared by the end of 2018 and a single bitcoin

european we love in tech. we love health tech. more investment has gone into sector in the last two years. europe is a hotbed for that with the way health is funded. amazing company that just got da approval, basically pregnancy through an a.i. app, women to way for control their health. second one, a.i. and robotics. words.zz lots of money going in but actually in 2019 we'll start to see all of that money that's invested coming into our daily lives the emails you get, the phone calls you get. the art you look at. tv, and even the music you listen to will increasingly generated. >> thank you so much. for stopping by. oming up, it is now one of the largest media companies in the world. the zaslav speaks about changes coming up next. this is bloomberg. # this is bloomberg. # >> discovery says it's now bigger than better, competing scripted series movies and streelg services like netflix. c.e.o. david zaslav caught up for an can exclusive gives them d how it size and scope to compete on a global stage. play in a ying to space that ot

by design and tech, and that it is all always and tech, and that it is all always a social practice. we deployed iinaway future, it is about how we deployed i in a way that is equitable for everyone but also does not turn stereotypes in society now into prejudice, which ultimately much for difficult to eradicate —— ai. prejudice, which ultimately much for difficult to eradicate —— all think it is sometimes tempting to believe the chatter that we are making progress in the area of gender equality in tech, but the truth is we still have miles to go. absolutely. statistics from both the us and the uk suggest that there is a lower proportion of women working in tech then there had been. i think something that really became apparent when making that film was that talking to people there seems to bea that talking to people there seems to be a general opinion that men and women do think differently. so when it comes to design, putting both together should come up with the best results. so that equality is really important. let's to it, people! hello and welcome to the week in tech. it was t

in tech controversies."in the tech world, 2018 will without a doubt be remembered as the year of cambridge analytica." there wasn't much known about the british firm until journalists banded together to expose the company's links to donald trump's 2016 presidential campaign and how it misused the data of up to 87 million facebook users.the social network experienced the biggest single-day loss in the history of the stock market when its shares fell 19 percent as the company advised investors it would spend more on security and user privacy. the sell-off vaporized about $119 billion in market value samuel burke, cnn business tech correspondent: "that was just one of many falls from grace for the tech sector in 2018, including bitcoin."in december of 2017, one single bitcoin was worth nearly $20,000.but by the first few months of 2018, the cryptocurrency bubble had burst.hundreds of billions of dollars in value disappeared by the end of 2018 and a single bitcoin had plummeted to a worth of around $3,300. samu

gene: in a lot of ways -- we are tech investors and we believe in tech. is virtuous at its core. i think it can taken -- be taken to an extreme. we think people should still have a smart phone, because there are benefits. for example, summoning and uber -- an uber. that's the basic idea of going back to what you really need. carol: do you need more health care on your mobile devices? i am curious about this. this is one of the remaining avenues that really needs to be disrupted for lack of a better word. do you see that as an area where things can evolve? gene: for health care in tech? for's another great example something you can use a smart phone today to have some benefit in your physical health and well-being. let me give an example. is thatebook does well they understand exactly how to get you to stay in the newsfeed. they use artificial intelligence to advance that. there are ways that company that can help maybe your activity level for example, use some of the same ai intelligence to help you do behaviors better for you. i think the smartphone is g

alastair: we love health tech and femme tech. hotbed for that with the way health is funded there. an amazing company that just got has an amazing way for women to control their health. one, ai and robotics. there has been lots of money going in. in 2019, all of that money invested will come into the daylight. the emails and phone calls you get, the are to watch, the tv, and music you are listening to will & grace. emily: thank you so much -- will increase. emily: thank you so much. it is now one of the largest media companies in the world. we have that's next. this is bloomberg. ♪ emily: since buying scripts, discovery is bigger and better. the discovery ceo caught up with david westin in an exclusive interview, and talked about how the deal has the size and scope to complete globally. >> we are trying to play in a space that others are not playing. when we pulled the scripts into discovery, we the game the second tv company behind nbc universal in terms of reach across television and audience. we have great brands that people l

to talk about how those are tech tensions are hurting tech companies and the u.s.' toward technology, we have david kirkpatrick here with me in san francisco. a seniorve analyst. he has a report out arguing the u.s. needs a national ai strategy to boost u.s. economic competitiveness and support u.s. defense capabilities. not particularly optimistic anything will come out of this, but what does the white house need to understand about the advance of ai in other countries around the world and what can be done about it in the united states? joshua: thanks for having me. the important thing to keep in mind when it comes to a i is the united states enjoyed an early lead because of our strong technology sector and innovation regulatory environment, and other countries are aggressively pursuing leadership in this space. there are signs our lead is, so china in particular is the best positioned to overtake the u.s. they released their artificial intelligence strategy in 2017 and are detailing massive amounts of funding and investment with the stated goal of being the world

>> it's focused on finding the tech leaders of tomorrow.ur aim is to identify future tech leaders as young as sophomores in college. so we identify, include them in the community, and invest in them. hadi: we have brought together this amazing spectrum of people that includes the cto of microsoft, the original cto of google, the original cto of facebook, as well as these amazing people who have created amazing things. so, founders, the woman who founded task rabbit, for example, or the guy who invented photo tagging, or the guy who created ios, all these people, not all of them are famous, but they have all contributed something amazing to the world of technology. and so we're bringing them together with a pool of young people, who have been curated and selected based on their talent and their promise. emily: so how is it similar or different to something like y combinator? >> i'd say it's similar in the youthful energy and the belief in unlimited possibility. extremely different in that these are not founders with companies. some of them a

tech, specifically apple. emily: meantime we have the google ceo not ruling out plans to get back into china with its search engine even as a result of his testimony on capitol hill, you have numerous lawmakers calling for more tech regulation. are you concerned about the impact on the tech sector if congress takes a harder line on big tech? went i think when we through the hearings with zuckerberg, that's where there was a big investor concern. it is still a risk, but right now it is more in the background in terms of regulatory risk. it is something that has been added to an overhang in the stoxx. you go back to last year or two, you never had regulatory risk and now that is being factored into the multiples. investors are keeping a close eyes on it in terms of what comes out. dan and mark, lots of stories we will continue to follow here. tencent music finally debuted on the new york stock exchange wednesday, china's largest music streaming service raise $1.1 billion. .t opted to lower its pricing , host ofg

it's been a tough tape for tech in the past couple of months we think the tech trade is still on thiseal with china is the focus right now. the deadline for there is march 1st, so you've got a couple of months before we get any clarity into how this will evolve, but we think they get a deal done. it's like what happened with the deal of china, between the u.s. and canada and mexico. there's a lot of brings mks man ship right now, china is see iing th slowest growth in over a decade. we think the u.s. is in the driver's seat. there will be a lot of chatter through march 1st. we see a lot of growth left for fe these names. >> okay. so with with stocks where they are now, tech stocks in particular, what is the market factoring in as far as this trade deal and what happens or not on march 1st more upside or downside from here >> it's more upside potential in running down the street, still a little bearish that we're going to get full resolution, it's going to be b a lingering issue. a game of high stakes poker in in terms of what we're going to see. i think there's an upside. if you'll se

has a thriving tech sector.icon valley is still innovating, so what are the drawbacks of the u.s. not having a comprehensive policy like perhaps china does? joshua: yes, it is true the u.s. does have a strong technology sector. we are the world leaders in ai for now, but there are signs this lead is slipping. china in 2015 surpassed the united states in a number of patents related to ai and deep learning is filed and in 2017, published six times as many compared to the united states. there are serious education concerns that we might not be producing enough workers with the ai skills necessary to develop these kinds of technology. we are not meeting that demand as it stands today, and it is only going to get worse without policymaker intervention. r&d investments are at nearly half a century low as a share of gdp and that is crucial for developing the foundational research the private sector can later innovate 20 years down the line. since we are not doing that now, the future of the private sector's ability to

what does 2019 have in store for tech?ning me is the ceo of activate who published their media outlook for 2019. would you say these controversies have overshadowed real innovation this year? michael: definitely. we will see so many more exciting things about to happen in tact. so many new innovations, and also ways that will add noticeably to the revenues of not just the major tech companies, it also a whole set of other companies in the ecosystem. emily: what tact will break out in the coming year? michael: the 2019 is the year of the smart camera. we see the leaders in this our amazon, and google, but within the next three years, the average american will have 12 smart cameras in their lives. that's above and beyond that is today on your computer or phone. that's because the huge amount of intelligence built into the network around the smart cameras, and the fact that people are not just putting one smart camera on their home. once a own one, they own more. emily: what you mean by smart camera? we have our phone cameras

emily: what does it mean in essence for the china tech industry versus the u.s. tech industry? ministers involved in ownership over state-owned enterprises has stated that events like the zte ban, and other actions taken throughout the process has woken up the chinese tech industry to its need to develop core thenologies and i think situation continues to breed sentiment within the chinese that they need to look for other trading options from other territories between the agriculture space, looking for markets to sell their product and overall, reducing dependence on the u.s. as an importer and exporter. toly: the chinese seem reopen the door for the potential of a deal between qualcomm and nsp that the government effectively killed. qualcomm has said thanks, but no thanks. what do you make of this? ben: it appears the deal is probably not going to come back. the world is a different place than when the deal was under discussion and up for approval. semiconductor sales falling a qualcomm is in a different place with regard to using more capital for share buybacks, penalties for

kevin, big tex has been under -- tech has been under the microscope for many years with tech execs being hold multiple -- being called over multiple times. when will we see meaningful legislation? is 2019 the year? kevin: there are calls for it, but whether or not the bipartisanship will be able to find a crossroad remains to be seen. washington continued to take a bite out of the faang stocks earlier this year. that impacted the big three ceos from the tech companies like facebook's mark zuckerberg, as and the ceo dorsey of google. listen to what was said yesterday about the 2019 forecast. >> we think 2019 will be a year of greater regulation in particular on those two companies. google will be in a great position longer-term and we will power through. we think that facebook will have difficulties. we think facebook's best days are behind it. not just because of the privacy piece but the world is not a , better place because of facebook. when people use it, they don't feel better. kevin: remember that democrats and republicans alike are questioning silicon valley, whether it's conservat

reid: yes, all of the great tech companies and all tech companies are saying how do we build these amazing tech products in the future are looking for the next major areas to build themselves or acquire, combine, and grow. that is the central pattern by which the major companies 10 years from now are the ones doing that today. david: as you look at it, that would suggest facebook is on the right track. as far as you can tell on the outside. google is on the right track, although concerned about

to discuss is bloomberg tech's mark gurman.ive us more context on who she is and how important she is to hauwei. >> she is the cfo which makes her one of the most important people of the company. not only in china but the company. her father was the chairman and founder of hauwei. this company is likened to being the apple of china. you can imagine what the situation would be if a top apple executive was arrested while in transit in china. that is sort of like what is happening with the hauwei cfo being arrested and china with the request -- canada with the request of the united states. just to get context about this family, this is a famous family that is likened to the bill gates family that we have here in the united states in terms of the prowess and how well they are regarded locally and what they have done for the technology sector. emily: so the question is, will this impact trade talks. the chinese have made their outrage clear. here's what larry kudlow had to say on bloomberg earlier about that. >> i think the trade ne

tumbleup, tech stocks with mounting concerns about trade and global growth.e will talk about the continued fallout for silicon valley. plus, trade truce extension? president trump income, that if the 90 days don't cut it to finalize a deal with china, they could be more time available. and we look at china's goodwill efforts with its attempt to stop theft..t. step -- i.t. tech stocks fell the most in two weeks tuesday, concerns mounting that the us and china will not make any meaningful breakthrough when it comes to trade negotiations and ip protection. investors are rattled by worries over global growth at a time when central banks around the world pulled back their support. what can rising meets -- rising first of all, if this trade truce does not happen, what does that mean for >> we willon mark continue to see what we have seen the past few months or so. many say that the selloff was the trade tensions between the u.s. and china. we have seen apple really take a semiconductors, tech stocks that have exposure to china or products that are made in china. ov

we will look at the possible big tech trend in the year ahead. amazon whole foods splits up with insta card. how big of a blow will this be to the grocery delivery service? apple says china's iphone ban a forfeit -- force it to settle with qualcomm. will also push a software update to chinese users to modify functions found to infringe key qualcomm patents, but qualcomm says this is not enough. here to discuss is mark gurman and the vice president -- we're glad you're back here. walk us through the fine print. qualcommevel apple and have been fighting for a number of years. there are over 100 legal proceedings spread out across the u.s.. this is a wide sweeping dispute. it's in leverage over patent licensing fees or the fees that apple and other smartphone makers have to pay in order to use technology developed by qualcomm. some of that is essential to the two g, 3g, 4g lte standards. it has to do with battery power, screen brightness, how the modem works, things like that. emily: if they do this to the phones in china, are these issues that exis

it will be the largest tech business in oakland.have to live somewhere, which gives rise to concern about how this real estate trance action wik transaction. show used to shop at up stati w was sears. she's worried what tech will do to the neighborhood. >> rents will go up. individuals won't be able to really live here. >> reporter: winston's fears aren't misplaced. >> the tech expansion is one of the drivers for gent triification and displacement in the region. we're happy to see an expansion of employment opportunities. >> the maybe is optimistic that tech and current local residents can co-exist. >> we have housing under construction right now. to the extent that new workers are going to be moving into oakland, there are new housing units for them to move into. so they don't displace the people who are here right now. >> square is expected to move into up town station next year. >> square's leasing of uptown station is just one of the major tech-related deals in the bay area. uber is currently building a new campus next to the fu

the tech giant.ng about the transition from a hardware company to a software company. take a listen. >> there are designations that we all use to label companies. are they hardware companies or software companies? i believe in the future, we will not use these designations because companies will be successful or not and products will work or not. the most successful products will most likely have a software integration with the hardware and software but the challenge is if you think about hardware or media even, when you launch a product and you bring it to the marketplace, it has to be perfect. once you sell it in the store, once the tv show is on air, you cannot change it. and the opposite is true of software. the model that most software companies live by is to launch early and iterate. you literally use your consumers to provide feedback. so you can improve the product. the challenge is if you come from a hardware background is really understanding how you can be more agile and use your customers

in tech controversies.respondent: "in the tech world, 2018 will without a doubt be remembered as the year of cambridge analytica." there wasn't much known about the british firm until journalists banded together to expose the company's links to donald trump's 2016 presidential campaign and how it misused the data of up to 87 million facebook users.the social network experienced the biggest single-day loss in the history of the stock market when its shares fell 19 percent as the company advised investors it would spend more on security and user privacy. the sell-off vaporized about $119 billion in market value samuel burke, cnn business tech correspondent: "that was just one of many falls from grace for the tech sector in 2018, including bitcoin."in december of 2017, one single bitcoin was worth nearly $20,000.but by the first few months of 2018, the cryptocurrency bubble had burst.hundreds of billions of dollars in value disappeared by the end of 2018 and a single bitcoin had plummeted to a worth of around

tech bring down the cost of tuition?len pao is calling people to be fired for real change to happen. this is bloomberg. ♪ july, harvard university's president stepped aboard arder to join goldman sachs. emily chang interviewed her just before her departure about the and higherdraising education. >> this is such an important question and one we all struggle with because we compete based on the experience we can offer students, the resources we can offer faculty for their research and teaching. we do not compete on cost. the way higher education is organized financially, there is not that sense of pressure to bring down costs. byhave brought down price funding financial aid so anyificantly so that student who comes from a family that makes less than $65,000 a has to offer no family/parental contribution to tuition, room and board. in terms of the cost of what we do, that is something we need to get under control and addressed more fully. more fully. technology is going to help with that. what can we do online to supplement

i'm really only speaking about tech companies, but a large group of private tech companies in the u.s have scale -- let's say $50 million to $100 million in revenues -- and are growing, those companies are eligible but most have been holding back because private money is available. it's not just getting the capital, but getting the visibility of public offering, the liquidity, and it is healthy for thecompany and ecosystems. i think people have been ploys. right now, there's more companies on file silently, and the silent filing has been a huge blessing. there's more companies on file silently in the tech space than ever before. that list went public, it would be the biggest year in a decade. skeptic might say given this volatility, they will get dragged into that. mr. miller: the great tech companies are going public in any market. went, google, none of them in buoyant markets, and none of them had successful ipo's, actually. some of the biggest value builders of all time in the industry. the ability now with the silent filing and testing the waters, two aspects of the job act, allow

tech is down but it is not just the tech story.e really have to look at the entire market climate in order to figure out when tech can bottom. emily: what are folks saying about the prospect for the big unicorn ipo's next year? lyft, uber, airbnb? >> this is a big issue. sort of the stereotype is investors get nervous when a come into the market. that has been credited with being the downfall of the dotcom bubble. so many stocks, it is a supply and demand issue. when you flood with new supply of stocks, it weakens the overall market. goldman sachs, a few others are predicting 2019 has the potential to be the biggest year for ipo's on record. i think of it as the famous meme where the guy is walking with his girlfriend but checking out the other woman. investors have walked with the faang stocks hand in hand, and you wonder if they will start checking out the new ipo's coming to market and do some damage to the rest of the legacy tech that is the heavyweights in the index. emily: investors are going out, then where are they going? i

hello, and welcome to the week in tech.st £a00,000 for letting hackers to steal data on 2.7 million customers in the uk in 2016. facebook ceo mark zuckerberg angered representatives from nine different countries by refusing to appear in front of a select committee on disinformation and fake news. facebook‘s vice president of policy solutions appeared in zuckerberg's place. also the week that audi and airbus showed off a flying taxi concept at a show amsterdam. and yes, the concept is small or very, very far away. something which is definitely far away is nasa's insight rover which touched down this week on the surface of mars. cue excited scenes from nasa employees and as it began its mission to study the red planet's interior and even take a cheeky selfie or two. it's not quite robocop but tokyo can still boast its very own patrol droid, helping keeping the peace at seibu shinjuku station. called persuesbot, it uses ai and access to the station's security cameras to look for suspicious activity such as unexpected bags. and

bloomberg tech is live on twitter.re to follow our global breaking network, tictoc on twitter. this is bloomberg. ♪ emily: welcome back to the "best of bloomberg technology." facebook is battling criticism on all fronts and now from a former worker that says the company has a racist issue. mark luckie wrote an internal memo about how difficult it is to be black and employed at the social company. racial this commission at facebook is real. he says he expected some sort of reply but instead he got a private message from one of the employeesvel black at facebook. joined use exclusively from atlanta to discuss. mark: to be black at facebook is finding your community because you do not see a lot of people that look like you. when you see other black employees, it you look for -- you look to them for support. emily: now, you write in the memo that not only did you feel marginalized but you would walk by employees and at least two or three times a day, employees would hold their wallets or put their hands into their pockets.

i think silicon valley's struggling for tech versus good and tech versus bad, and are we really a force good for the majority of america and around the world? i think we can be, but i think we've lost that focus. it's important we get back to it. emily: do you think facebook is a threat to democracy? john: no, no, way too big a jump. the interesting thing is that when a company or leaders are doing well, everybody sings your praises. like me in 2001, the minute i tripped, people turned on me i never dreamed would. by the way, we came back. every time we got knocked down, we came back stronger. that's the likelihood for facebook, as well, but it means they have to do things differently. mark and sheryl are good people, but they have to do with issues in front of them and deal with them decisively. you have to say what does it look like an work jointly with government to get there. emily: given how many times you 've seen this movie before, do you think facebook recovers? john: the answer is, any company that doesn't constantly think they're under threat has a problem. you saw on amazon,

tech ambitions.iff cuts impacting their company? this was an exclusive interview with the ceo of ex-con by alibaba,ed foxconn and xiaomi, bring about $4 billion and less likely delivered some of their first vehicles to customers. the trade concerns are front and center for companies like this. we asked about the tariffs plans to reduce tariffs on u.s. autos entering the market from 40% to 15%. he effectively said bring it on. we have always hoped the chinese government would lift restrictions around licenses, subsidies and tariffs. the production could benefit us in the short term but in long-term it would damage us. so these car companies are focused as well but the trade tensions are focused on tesla, their entry into the chinese market. tesla already sells vehicles but they have to be exported from the u.s. they will build out a production facility. this company thinks they can compete with tesla because of pricing and technology in the car. these cars are going for around $30,000 u.s., the cost o

to be in a business you need to know techyear old belle reader and 15 year old cadence patrick - both from oakland have been members for three years now. and say the programs here are opening doors to the future. saturday's day long workshop costs 35 dolls eachthe girls are building robots using legos enginnering sets even if the girls don't want a career in tech after the workshop, it's still a good

a few company likes tech data.mm, i don't think anyone knows as much as they do i'm talking with the ceo >>> then there is a vanishing act happening in the market. it's causing the recent volatility i'm talking about the disappearance of the common stock buyer. rapid-fire in tonight's edition of the "lightning round. so stay with cramer. (nicki palmer) being a verizon engineer is about doing things right. and there's no shortcut to the right way. so when we roll out the nation's first 5g network, it'll be because we were the first to install millions of miles of fiber optics. and we'll be the first to upgrade the towers and put up the small cells that will power the smart cities of the future. when i started at verizon, i knew i was joining a team that was pushing the industry forward. now, with the launch of the only 5g ultra wideband network, we're doing it again. this time, changing the way we learn, work and live. and i'll always be proud that we're not just building america's first 5g network. we're doing it r

are there any sub sectors in tech that you still find interesting?> we think there definitely are, there are names there the best way for investors to approach is through active management from prime cap or fidelity focus stock managers with track records in terms of stock selection, particular regard to technology, biotechnology sector, stand the test of time, not just bull market times but also bear market times >> we have a lot to handle getting into tomorrow's rate decision at the least. thanks, guys see you soon >> thank you >>> shares of oracle are up, highs of the morning delivering an earnings beat after the bell yesterday, hovering around the flat line now. investors encouraged by signs of strength in the company's largest segment, its cloud computing business josh lipton is with us he is joined on the phone exclusively by the oracle ceo mark hurd. josh >> morgan, thank you mark, thank you for taking time to chat. >> sure, josh, how are you >> pretty good let's start with the guidance mark which implies top line acceleration the second half

same is true for high-tech companies.ies do not navigate through problems they will get left behind. emily: they said they will create 50,000 new jobs and you have people in new york protesting in the streets that they don't want amazon in their city. why is that? john: anybody that does not want amazon in the city should think about it more. to create an environment where we create more jobs than we destroyed. i would love to see them locate one of their two locations in the midwest, because that is where we are losing jobs. it is an area that if we don't create a startup culture, we will have the pattern we are seeing now. a member, i lived in north carolina and georgia and west virginia and ohio and indiana and illinois. for the first time, people in will not of the world have a scaled's lives as their theirs and same for children. i think the high-tech community has to jump in and make a difference. cisco ceo john chambers. you can catch my full interview tonight at nine: 30 p.m. and 6:30 p.m. pacific. range ofa wide,