joining me, alex webb, who tried to update his phone and your phone is not working. ex: i downloaded the software update over the air. the phone restarts and i was told i had to plug it into itunes and i cannot use it. emily: how significant is this glitch? they patched it up, normally it is fine. is this a bigger deal than the others? alex: in comparison to samsung phones exploding, not the caused discomfort, but people have gone home and would have remedied it. emily: there is fear when you update your iphone because you never know for sure if it is going to work. alex: i did not back my phone up before, and i hope i did not lose a bunch of stuff. emily: good news from t-mobile and sprint. preorders are coming in at multiple times preorders in the past. how significant are these numbers? alex: it is significant because apple said they will not release the first week of sales. it gives an indication of how it's progressing. the caveat is they have introduced new data plans, which are now unlimited. one does not know the extent of what's to do about the product or try

take a listen to matt larson and alex webb on apple." 's response.pple defense -- apple's defense, this agreement has been put into place since 1991 and it was all legal. the agreement was above board. >> we got a letter from tim cook. they included the original picture of steve jobs at the ireland factory. >> he opened a 60% plant in court. -- cork. one of --what are the next steps for apple and a legal battle? >> apple and ireland will appeal this decision to the european general court in luxembourg. it is the same court hearing the ,ppeals in the starbucks netherlands investigation and the fiat chrysler case. it could give some indication of how this appeals court may take the decision. this whole process is going to take, ballpark, two years to determine. after that, there are for the opportunities to appeal to higher courts in europe. to this leading up point, the u.s. has been stepping up its defense of apple calling the eu a supernatural tax authority indicating the are overstepping their bounds. what do we hear from yet if it's government tod

emily: joining us now is alex webb.hy are they debating this again and what happens now russian mark she is presenting it to the world. she then goes in front of european parliamentarians and says it's going to be something for parliament to opposed to. >> what happens next? >> the next stage is the appeals process. which could take a couple of years. they both plan to appeal against the decision. that will decide how much will be paid to the tax authorities. emily: folks in ireland are saying it is fair to be looking at unfair practices but not there to retroactively be changing tax practices. >> this is the thing that has a lot of tax lawyers wary about the whole thing now. all of a sudden they are not high and dry. they are going back a decade. it is raising questions about the willingness to invest in the region. emily: the apple case is just one of the commissioners many investigations. amazon could face a similar ruling on its tax arrangement with luxembourg. they are under scrutiny for their dominance in search,

just listen to litigation specialist matt larson and alex webb on apple's response.pple's defense is they have been an island for a long time. this agreement has been in place since 1991. it was always legal. they never lost any legal loopholes. the argument with ireland was such that they were completely on board with the legislation. emily: the first apple factory in ireland. >> yes, apple, as ever, they always talk about their customers. not journalists. and who are writing the stories? of course, journals. emily: what are the next steps apple in a legal battle? >> apple and ireland will appeal this decision to the european general court in luxembourg. it is the same court hearing the appeals in the starbucks, netherlands investigation and the fiat chrysler case. both are significantly smaller but could give some indication in how the appeals court may take the decision. this whole process is going to take, ballpark, two years to determine. after that, there are for the opportunities to appeal to higher courts in europe. it will be a well we get a final decision.

alex webb was at the event today and joins us now here in studio. us, crawford del prete, who was watching closely. alex, this upgrade program was only available in the u.s., and now is available in china and the u.k. we know that the iphone has been struggling in china. what do you make of this? alex: a lot of global competitors came in with smaller cost phones at much the same level of functionality, so what this does if it achieves any rate of pick up in the u.s., it can help stabilize revenue. the way the system works, you might pay a base level of $32 a month, depending what model you have, and that allows you to upgrade your iphone every single year. quite a smart way of retaining the same customers. emily: crawford, how big of an impact could this have on revenue from greater china and stabilizing that revenue? crawford: alex is right. this could stabilize china. history says are, there are a lot of top-tier customers in china who are willing to pay up for the product, and apple is kind of a barbell strategy here. they want to meet the needs o

but first take a listen to our bloomberg litigation analyst matt larson and alex webb on apple's response. >> a lot of people were surprised about the scale. of the back payment they will have to come up with. apple's defense is they have been on ireland for a long time. this agreement has been in place since 1991. it was always legal. they never used any legal loopholes. but the agreement they had with ireland was such that they were perfectly aboveboard with the irish legislation. emily: we also got a letter from tim cook to users, including a picture of steve jobs, that the -- at the first apple factory was in ireland. in 1980 he went and opened a 60% plant in cork. apple, as ever, they always talk about their customers. the letter is to customers, and not journalists. although who are writing the , stories? of course, journals. -- journalists. emily: what are the next steps apple in a legal battle? >> the next steps in the legal battle, apple and ireland will appeal this decision to the european general court in luxembourg. it is the same court hearing the appeals in the starbucks, ne

a listen to our conversation with "bloomberg intelligence" litigation specialist matt larson and alex webbn apple's response. >> a lot of people were surprised about the scale of the back payment. apple's defense is they have been in ireland for a long time. this agreement has been in place since 1991. it was always legal. they never used any legal loopholes. the agreement they had with ireland was such that it was completely above lord -- aboveboard. emily: we also have a picture of steve jobs at the first apple factory in ireland. >> yes, they opened a plant in cork. yes, apple, as ever, they always talk about their customers. although, who is writing the stories? of course, journalists. emily: what are the next steps for apple in the legal battle? >> apple and ireland will appeal this decision to the european general court in luxembourg. it is the same court hearing the appeals in the starbucks, netherlands investigation and the fiat chrysler case. both of which are significantly smaller, but could give some indication in how the appeals court may take the decision. this whole process i

emily: alex webb joined us in san francisco with more context. the next step is the appeals process. apple and ireland have said they plan to appeal against the decision. that will decide how much will really be paid to the irs tax authorities. emily: you have folks in ireland saying it's not fair to be looking at unfair practices, but not to retroactively be changing tax practices. alex: this is the thing that has a lot of tax lawyers wary about the entire scenario now. they come there and think they have arranged a particular regime or decision and all of a sudden there is not so high and dry and there is stuff going back a decade. that is raising question marks about the willingness of american companies to invest in the region. emily: the apple case is just one of the eu competition commissioner's many investigations. amazon could face a similar ruling on the tax arrangement with luxembourg. other u.s. internet giants are under scrutiny for their dominance in search, megamergers, consumer data collection. alphabet is fighting three antitrust p

alex webb, thank you for the update.ndill have more on samsung the investigation into the galaxy note 7 smartphones later this hour. salesforce, one of the most acquisitive companies. than 3.5 closed more billion deals since february. brad stone sat down for a ,onversation with marc benioff talking on everything from larry toison's desperation move how he feels about missing out on linkedin. he began with a preview of the einstein platform rolling out at the dream force platform in october. we have almost 200,000 people coming to san francisco. it is going to be exciting. u2have you to playing -- playing. we also have einstein coming, which is ai for everyone. it will give all of our customers the power of artificial intelligence inside salesforce's applications. enough followed you long to know you do a good job of bringing themes. last year you talked about the internet of things. , this year, why is it real, when can we expect it? a lot of companies are talking about ai now. a huge movement. one thing that has been gr

vonnie: alex webb, thank you. you can get all of the top headlines on "bloomberg west." up, the third quarter is drawing to a close. u.s. stocks are on track to post gains. this is bloomberg. ♪ quick since 3 p.m. in new york, 12 in san francisco and a p.m. in -- 8 p.m. >> this is bloomberg markets. you life from new york -- are live from new york headquarters. this is the final hour of trading and the end of the third quarter is inside. u.s. stocks are on track. posting gains despite losses in september. questions of a capital alarmed investors while shares of deutsche bank are rebounding. we explore the impact across all assets. deutsche bank is not the only shop struggling. shaun matthews on the new normal for wall street. let's get a check of the markets. >> and want to show you what has been happening in this last hour of trading of this last month. of 1% across the board and this is a turnaround from yesterday 1%n we saw stocks fall by across the board as well. we are seeing a recap and recoup of what has been happening over the past day or so of trading. i want to

alex webb was at the event today and joins us now in the studio. -- this upgrade program is only in the.s. than will only be available in china and the u.k. for we know the iphone has been struggling in china up what do you make of this? guest: iphone sales fell off the cliff in china this year. manages tooes, if it achieve any great rate of pickup is that it can help stabilize their revenue. you might pay a base level of $32 a month depending on what model you have and that allows you to up rate your iphone every single year quite a smart way of retaining customers. emily: how big of an impact can this have on revenue from greater china? guest: i think this could stabilize china. history says there's a lot of top tier customers in china that are willing to pay for the product. fore is a barbell strategy they want to meet the needs of that most manning customer and targeteds a squarely at that most demanding customer and they want to have a full set of products for all different kinds of products but still skewed toward the midrange and high-end it could help revenue because in the next

emily: alastair bear -- alistair bair and alex webb, thank you.te equity firm has raised billions for its latest round with plans to keep pursuing software and other tech buyouts. this latest fund is more than twice the size of the pool of -- in 2014.a bravo raised coming up tomorrow, do not miss an interview with the father of google cars. the google founder turned tech pioneer joins us in the 3:00 p.m. the civic hour. up next, facebook debuts a conference for women. bloomberg. ♪ emily: turning back to facebook. on facebook, they will hold their inaugural women in tech conference. it's no secret that silicon valley is male-dominated, with women representing less than 20% of the employees in technical roles. productand other women execs are trying to change that. i sat with liu to discuss why she is launching this effort now. >> we have hosted different women product managers from selecting valley at dinner every couple of months -- from silicon valley at dinner every couple of months. women are speaking, recruiting, talking to folks. we said, why

joining me to discuss these developments is alex webb. look at it mean? not know if they will monetize this directly but if you have an iphone and you have all of your music on the iphone, it doesn't give you much incentive to switch to an android. if you have all of your data stored in your iphone, it makes it increasingly difficult to abandon your iphone emily: talk about how apple is expanding -- guest: kit is the place where you store your data and if you have a watch, your heart rate data, as well. but it wants to make is a repository for all of your information. you might have other wearables if you are a diabetic. if you have high pressure, you might have a blood pressure monitor. not only that, they made an acquisition a while ago to help them pull data from hospitals. putting all of that into your phone is all well and good but if you present it to a health-care professional, the response is going to be, what do you want me to do with this? it is a huge amount of information. emily: in the turn this into a lucrative business just like itunes and

emily: alex webb who covers apple, thank you.up, 16 years ago the term hanging chad first enter the political lexicon here in the united states, but has the voting system, have they gotten any better since the electronic voting revolution or lack thereof? this is bloomberg. ♪ emily: a story we are watching , the owner of a majority of cbs and viacom voting stock is proposing a merger of the two companies. sumner redstone's national amusements as they will not consider a takeover by a third-party. cbs and viacom split up a decade ago. since then, cbs has flourished with television ratings but viacom's cable networks have slumped. in the 2000 presidential election, underperforming voting equipment introduced the world to the hanging chad. it also led to congress passing the help america vote act which provided him was $4 billion -- provided almost $4 billion toward modernizing putting technology. but that turned out to be easier said than done. in the latest edition of the theness week, we discover computer voting revolution is bug