plus, aaron levi talking about how his fellow tech executives need to take responsibility a lot more seriously his message is coming up when we speak with him live. thhati rorisacine lfmeept bk two minutes. >>> welcome back we are also watching shares of general electric today falling to their lowest levels since september of 2009. ugly story when does it get any prettier? >> well, i don't know when it gets prettier. the company is in, i wouldn't say management disarray, but definitely in asset disarray and balance sheet disarray and why should anybody be interested in it every time you try to catch this falling knife, you've gotten cut. so there are so many other value stories. you could own qualcomm that's got better fundamentals. >> let me pose it to you this way. it may be more relevant. there's a widely held stock. okay forget b about the person who doesn't own ge as to whether it's a buy at these levels the person who's been sitting in it afraid to sell it maybe they've been in it for a while, maybe they hold a lot of of it and they think it's going to turn around bail on it or

aaron levy talked aut the need for updated regulations as tech and innovation play as bigger role in consumers lives. >> we have had a tremendous amount of technology innovation that is starting to impact everl ent of our lives. this is what we've seen from the digitalrevolution. it's changing cars and transportation. it's changing life sciences and health careng it's cg voting and democracy. for quite some time we ha treated the technology platforms as sort of utilities that all of the users are the one liable on those platforms but ultimately as you see growing news cases for machine learning and ai the platforms themselves are going to be making more decisions on behalf of which means we have to be suris the dns they are making protect consumers, keep our infmation ivate, keep us security. >> the ceo of rb joined jenny on stage for the conference keynote. as the chief of canada's largest bank he is here to discuss the importance of new technologies to his business and he knows a thing or two about winning consumers' trust and importance of privacy. >> also a lot of brand risk. abs

emily: that was aaron levie, box ceo and cofounder.t for this edition of the best of bloomberg technology. we will bring you the latest from tech throughout the week and 10 in all week. -- and tune in a week. all episodes of bloomberg technology are streaming ar on twitter. that is it for now. this is bloomberg. ♪ >> good morning from bloomberg's new european headquarters from the city of london. i am anna edwards. >> this is bloomberg daybreak and these are the top stories. anna: power play. ion advised energy from rwe, valuing the renewable energy giant at 22 billion e uros. matt: trade tensions. the eu fights for a exemption from the trade tariffs. china positivist trade minister fires another warning shot at washington. >> there is no winner in a trade war. it will only bring disaster to china, the u.s. and the global economy. china does not want a trade war and will not start one first. anna: and treasury angst. the u.s. prepares to auction bonds this week, but with 10-year demand the lowest since 2009, could yields beheaded 23%?

take a listen to what aaron levie had to say. aaron: one is a consumer business, and that is 60% to 70% of the revenue, and that is consumers like uri using it for professional or personal use. and 1/3 of the revenue is b to b. that is the only part of the business that looks anything like box. our revenue tilts toward midsize companies and larger enterprises. emily: alex, would you agree with his take that they do not compete as much as we seem to think? to becurrently that seems the case. only 11 million of the 500 million registered users are paying. that seems those with the enterprise accounts. one of the bigger differences is box has a concerted sales effort in dropbox does not. 90% of the revenue comes from self-service, signing up for the products you pay for and that kind of is the difference. i know aaron is competing with through houston at dropbox -- houston at dropbox, but it does seem that he had his company have been focusing on the larger accounts, while dropbox is pushing the guerrilla approach, land and extent, g

we spoke with the cofounder aaron levy on tuesday.just came off of was very strong. 130 6.7 million dollars in revenue. assessments were exactly that number and that was the range we got into. we did over $200 million in building. flow.llion in free cap i really strong quarter overall. and it is what box looks like when we are doing customer service at the very best. we did over 70 deals over $100,000 and nine deals over a million dollars. we got it to a decelerated rate for fiscal year 2019, the year we are in right now and certainly that was lower than expectations, hence the stock lower price. we are transitioning from a single product company to a multiproduct company and the way we are doing that to sell is to bigger customers, bigger deals. we want it make sure we set ourselves up for a good foundation for the year that would have some levers for excel writing growth later this year or next your. we are still on a path for $1 million in revenue over the next couple years but we wanted to be how wenservative and were guiding it.

emily: since you are here in silicon valley, i spoke to aaron levy, who was vocal against donald trumpilicon valley was very open about not supporting this president. we have seen a couple of meetings between the president and silicon valley ceos and not a lot has come of them. do you have any indication of the state of the relationship between silicon valley and washington at this point or is it basically on pause? marty: it is basically on pause. donald trump knows where he stands in silicon valley and frankly doesn't care. one thing interesting that is coming up is the whole issue of intellectual property theft by china. donald trump's promised to do something about that will be viewed as a very positive development in silicon valley and a very strong step against something that is the devil to -- something that has bedeviled this industry for a long time. despite the fact that silicon valley doesn't support donald trump, he will actually take steps to protect some of their most valuable assets. emily: there is a report the president has already canceled a tariff meeting that gary c

emily: that was aaron levy, box ceo and cofounder. edition of "the best of bloomberg technology." tune in every day. remember, all episodes of limerick technology are now live streaming -- of a bloomberg technology are live streaming on twitter. that is all for now. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near o

--ly: that was aaron levy, cofounder.d ceo and that does it for this edition of best of bloomberg technologyew york, 2:30 in san francisco -- 2:00 p.m. in san francisco. that's all for now. this is bloomberg. ♪ announcer: "brilliant ideas," powered by hyundai motor. ♪ >> ♪ i-d-e-a, ideas ♪ ♪ narrator: kader attia is one of the most surprising and provocative artists in the world today. his socially and politically charged work employees a wide range of mediums to address global issues surrounding immigration, colonization, and cultural identity.

levi. we have all the details on public transportation and parking on our website, abc7news.com. >>> and abc news exclusive with the vallejo couple falsely accused of a kidnapping hoax. you'll hear from aaron quinn about what police told him after his girlfriend was taken and held for ransom. >>> a live ross has the must-have styles and brands get ready for spring-at the ross spring shoe event. for a fraction of what you'd pay elsewhere. step one: get to ross. step two: walk out with top brands at big savings... ...at the ross spring shoe event. ross has the brands your whole family will love get ready for spring-at the ross spring shoe event. for a fraction of what you'd pay elsewhere. step one: get to ross. step two: walk out with top brands at big savings... ...at the ross spring shoe event. >>> hundreds of thousands of people descending on washington, d.c., for a march to demand new gun control laws. tomorrow's march for life was inspired by the deadly shooting in parkland, florida. marches are planned across the nation, including in san jose, oakland and san francisco. >>> we're learning more about the couple falsely accused of a kidnapping hoax in vallejo. in an abc news exclusive in