on the rise, but can it hold its own against market leader amazon? microsoft's from top clad leader next. and you can listen to bloomberg at bloomberg.com, the bloomberg on sirius.s. xm. this is bloomberg. ♪ emily: next week, over 6000 developers will go to seattle for microsoft's veiled conference, where we get a first look at the latest development tools and cloud services. ahead of that conference, they to announcing new services create the next generation of so-called intelligent cloud. the cloud is becoming a primary driver of microsoft revenue growth, as they continue to take on rivals like amazon and google. the company recently saw 73% growth in revenue in the azure business, and they expect intelligent cloud sales to hit $11 billion this quarter. joining us to discuss, microsoft executive president of cloud and a.i., scott guthrie. sundar pichai asked you to run this division. tell me about that transition? scott: i have been fortunate to work with him for a long time. , the daye became ceo before he became ceo, i took on his role. emily: what did he say? scott: we worked so closely together. it was a pretty quick conversation. on the whole, going thro

if you like us, you can check us out on the radio, the bloombergs app, on bloomberg.com, and on siriusm. this is bloomberg. ♪ ♪ emily: for years, melinda gates has been working on global equality. through the gates foundation, she has fought to reduce poverty and increase access to health care and education. she wants to make sure women get their fair shot, investing in women investors and entrepreneurs and with her new book, "the moment of lift: how empowering women can change the world." i sat down to talk about where she is putting her money intact and why the moment was right for her to write this book. melinda: i have been traveling for over 20 years, and i heard these women's stories that called me to action. i felt like with the #metoo movement and so many women running in the elections, we have this opportunity to create equality, but that window could close. i want to make sure we really keep pushing and get equality for women. emily: you talk about your decision to stop working and stay home with the kids. you said bill did not understand. you also realized you could have don

listen on the bloomberg application and on sirius xm. is is bloomberg. ♪ is pushing into high-end computing. it is valued at about $1.3 billion, the acquisition is hpe's largest and four years to strengthen their position against ibm. joining us on the phone to discuss hpe is the ceo, antonio neri. thank you so much for calling in. what was the driving force and how does it add to what you are trying to do at hp? -- hpe? >> super excited about the announcement today. the main reason why we decided to pursue this acquisition is because the sector is exploding. the data has value and it is pushing us to go. the need for high performance computing is one element. the combination of great technologies with hewlett-packard enterprise us a uniquet gives set of capabilities with that data. ashine learning, ai, as well -- machine learning, ai, etc. emily: is anything in particular that is attractive about the government contracts? -- is there anything in particular that is attractive about the government contracts? >> the government side, the com

if you like us, you can check us out on the radio, the bloombergs bloomberg.com and on sirius xm. is is bluebird. ♪ -- this is bloomberg. ♪ emily: for years, melinda gates has been working on equality. she has fought to reduce poverty and increase access to health care and education. she wants to make sure women get their fair shot, investing in women investors and entrepreneurs and with her new book, the moment of lift, how impairing -- empowering women can change the world. i sat down to talk about where she is putting her money intact and why the moment was right for her to write this book. >> i have been traveling for over 20 years and i heard these stories that called me to action. i felt like with the #metoo movement and so many women elections, we have this opportunity to create equality but that window could close. i want to make sure we keep pushing and get equality for women. emily: you talk about your decision to stop working and state home with the kids. you said bill did not understand. you also realized you could have. you did not understand. you said you had growing

on huawei next. if you like bloomberg news, check us out on the radio. you can listen to bloomberg radio on the bloomberg app, bloomberg.com and in the u.s. on sirius xm. this is bloomberg. ♪ >> trade is the pinnacle of something much bigger. >> far more about world power. >> reordering the global trade system. >> things are not moving the right way. >> things are getting more heated up. >> more antagonism. >> escalation of trade tariffs. >> getting more and more difficult to pull out of this. >> it adds a little volatility and uncertainty. >> the trade war is one thing. huawei to me is a protection move. >> the cold war of tech is another. >> we aren't just attacking a company. we are attacking the chinese government to some extent. >> the blacklisting indicates the tensions will continue for the foreseeable future. >> this is a five-year or 10 year story, not a five-minute story. taylor: the trump administration held off on blacklisting huawei, on worries it could affect trade negotiations with china. the decision to curtail the tonese tech giants access american suppliers unfolded once trade talks broke down, there was a scramble to implement the mea

back escalating trade war with washington it if you like bloomberg news, check us out on the radio, the bloomberg app, and in the u.s. on siriusm. this is bloomberg. ♪ emily: the latest twist in the u.s.-china trade. could beijing use its stocks of rare earths to hit back. china supplies about 80% of u.s. imports of rare-earths, used from smartphones to electric cars to wind turbines. we are joined by gina vasquez and also bloomberg trade reporter sarah mcgregor. what signals has china given thus far that this is a lever they might pull? been leveraging quite a bit in-state india. when he visited -- a visit by chinese president xi jinping and history negotiated facility, saying they will use any leverage they having dominance in rare-earth try to gain leverage in the trade talks. it is no surprise that china will look at everything and has available that the u.s. really wants and try to hold that over the as they try to reach -- over them as they try to reach a trade deal. emily: talk about what rare-earth's are and how important they are to u.s. business and technology and particular -- in particular? likeey are minerals used

and if you like bloomberg news, check us out on the radio, the bloomberg at, and in the u.s. on siriusm -- app, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: qualcomm shares fell the most in two years after a judge ruled they have violated antitrust laws. a u.s. district court judge sided with the ftc, accusing the company of abusing its dominant addition to squeeze excessive licensing fees from phone -- position to squeeze excessive licensing fees from phone makers. the chipmaker says they disagree and will seek an immediate appeal. we spoke with an analyst about the ruling. >> this is not just a nice little sideline, we are talking billions of dollars of revenue that comes in every year. that money is used to fund an industry leading rmd asset. if you want to buy a 5g phone right now or for perhaps the rest of this year, you will be buying qualcomm. -- a qualcomm chip that is very important. >> let's get a market perspective. stacy, your perspective on the severity of the selloff. is it in line with the severity of risk to the business model? >> in theory, yes. i am surpr

if you like bloomberg news, check us out on the radio, listen on the bloomberg app, bloomberg.com and in america on sirius xm. this is bloomberg. ♪ emily: china has vowed to riyadh -- retaliate after the u.s. went ahead with a new round of tariff hikes. the hike to 25% has a slew of tech products. telecom italia, computer circuit boards, processing units. delegations wrapped up high-level trade talks on friday, with no deal. there was not a complete breakdown in negotiations. investors waited throughout the day. is gettingde war more serious. >> it is not good for global growth. >> it is a process ongoing. good.will not be >> i would be happy they will continue talking and working. >> it would create some ongoing business uncertainty. >> they are finding some common ground. >> a deal will get done. >> we should not be moving in some exuberance to a panic mode. >> it is probably time for repository a >> the next stage gets more painful. emily: to discuss, we have sarah mcgregor and here in the studio 's isaac stonefaced. good to see you in person. we just got some new comments from the vice premier. wereid

and if you like bloomberg news, you can check us out on the radio, the bloomberg app, on bloomberg.com, and on sirius xm. this is bloomberg. ♪ emily: for years, melinda gates has been working on global equality. through the bill and melinda gates foundation, she has fought to reduce poverty and increase access to health care and education. now she wants to make sure women get their fair shot, investing in women investors and entrepreneurs and with her new book, "the moment of lift: how empowering women can change the world." -- changes the world." i sat down to talk about where she is putting her money into putting her is money in tech, and why the moment was right for her to write this book. melinda: i have been traveling for over 20 years, and i heard all these women's stories that called me to action. and i felt like with the #metoo movement and so many women running in the midterm election, we have this window of opportunity to really create equality, but that window could close. i want to make sure we really keep pushing and really get equality for women. emily: you talk about your decision to s

if you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: ever since facebook acquired whatsapp in 2014, the question is been, how do you monetize it? turnay is by trying to into a mobile payments platform. we now know they are trying to use london to drive the global expansion of whatsapp for mobile payments. facebook has designs on using whatsapp to transfer its very own cryptocurrency. here to talk all about it, our fin tech reporter julian new york and here in studio, kurt wagoner. what is facebook doing here exactly? kurt: this is kind of an office expansion. they are going to add 100 employees in london, working on whatsapp, on payments, security features. whatsapp is a global platform, huge in india, europe. they think this is maybe a better recruiting ground for them to launch this payments initiative. emily: how does it work? kurt: right now it is being tested, and only in india. imagine you are sending money to friends, family. you want to do that anyway that is secure but also convenient. you're pro

you can listen to bloomberg on at bloomberg gaapp, bloomberg.com and in the u.s. on sirius xm. is bloomberg. ♪ emily: it has been a wild week for tesla. shares are at their lowest level in two years on renewed concerns voiced by analysts, but rallied today after an optimistic email from ceo elon musk. the company is still down 12%. an ives says tesla faces kilimanjaro-like climb to profitability goals. ives,t to bring in dan wedbush managing director in new york. so, this tesla slump, you're the one who called it a code red, and elon musk has sent in emailed to employees saying tesla has a "good chance" of exceeding record deliveries in the fourth quarter, 97,000 cars, saying it would be the most deliveries in tesla history. what is your take? does that change your mind at all? dan: no. ultimately, given what you are seeing, the level of panic on the street, i continue to view that there's better chances of me playing in the nba than them hitting those numbers this quarter. [laughter] fundamentally, the problem goes down to what we see in the u.s. in terms of demand, and especi

and if you like bloomberg news, you can check us out on the radio, the bloomberg app, on bloomberg.com, and on sirius xm. this is bloomberg. ♪ emily: for years, melinda gates has been working on global equality. through the bill and melinda gates foundation, she has fought to reduce poverty and increase access to health care and education. now she wants to make sure women get their fair shot, investing in women investors and entrepreneurs and with her new book, "the moment of lift: how empowering women changes the world." i sat down to talk about where she is putting her money in tech, and why the moment was right for her to write this book. melinda: i have been traveling for over 20 years, and i heard all these women's stories that called me to action. and i felt like with the #metoo movement and so many women running in the midterm election, we have this window of opportunity to really create equality, but that window could close. i want to make sure we really keep pushing and really get equality for women. emily: you talk about your decision to stop working and stay home with the kids. you said bi

on the cutting edge. and if you like bloomberg news, do check us out on the radio. you can listen to us on the bloomberg app and in the united states on siriusm. this is bloomberg. ♪ carol: this is the "best of bloomberg: technology" in boston this week. i'm carol massar. boston is arguably the center of the biotech world, but amongst this competition, moderna stands out. it's based in cambridge, and the company's focused on creating therapies from infections to cardiovascular diseases. they went public last year in what turned out to be the biggest biotech ipo ever. i caught up with the ceo to talk about what's changed since the ipo. >> i think the big difference for us and our employees is we used to share data all the time, all the time with everybody. to do great, you need to do science and to do science, you need people understanding all the pieces. so that's the biggest change. carol: so you're sharing more data? >> we're sharing less data -- --ol: less data >> because now we have to be careful. carol: because you're publicly held. that's interesting. what's changed in terms of the work you're doing and the perception with your partner

on big tech from capitol hill. and if you like bloomberg news, you can check us out on the radio, listen on the bloomberg app and in the u.s. on sirius xm. this is bloomberg. ♪ emily: big tech platforms like google and facebook are facing the prospect of more regulation from lawmakers in the u.s. and abroad amidst accusations of spreading fake news, hate, misinformation, and allowing their platforms to be weaponize divisive treatments. we spoke to u.s. senator marsha blackburn from tennessee about the intersection of tech and politics. sen. blackburn: when you are getting right is that they provide a service, and information service that people enjoy. and they have changed the way we conduct our lot of our transactional life. many people will say that is for the better. however, when you look at their lack of privacy enforcement, and now, emily, people are beginning to figure out oh, they are data mining me, tracking, following. oh, they are sending my information out, and they are big ad companies and i don't like that, i want them to only access information that i give them explicit permission to see. i don't want them following me

you are listening on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ fell athares of lyft the start of a crucial week. drivers are threatening and massive strike in the next few days. the company reports quarterly results on tuesday. the mostr is no doubt anticipated tech ipo to happen in years. while goldman sachs mixed out -- missed out on leading the company to the public market, only year after uber has started offering rides, goldman's bankers made a wager using the firm's own money that could have a potential $6 billion windfall. a top of the range of stock price for uber. if that happens, goldman stands to reap a staggering 12,000% return. the ridesharing company is expected to price on thursday afternoon and start trading on friday. the cofounder of the venture rivall firm in uber's lyft. what is it like being on the others, analyzing other companies rather than running and worrying about your own? >> it is a different job but it is fun. is veryt in -- different scale from the kind of public company but it is such a for tile

bloomberg news, check out all on radio. you can listen on the bloomberg app, bloomberg.com, and in the united states on sirius xm. is is bloomberg. ♪ carol: before last year, china imported about 40% of u.s. recyclables. however, the recent report and import ban on over two dozen recyclables have researchers predicting that there will be millions of waste left with nowhere left to go. student that m.i.t. have developed a robot that can identify and sort recyclables. it can help really sort through the pilot that is out there. take a look at this. ♪ carol: for more than three decades, china has been one of the world's biggest importers of plastic waste. last year, china closed its doors to dozens of foreign recyclables. importede ban, china about 40% of the united states' recyclables and researchers estimate the new policy could leave 111 million metric tons of used plastic with nowhere to go. a team of researchers at nit looking to sort through the pileup. students at m.i.t. computer science and artificial learning lab developed a robot that can identify and sort recyclables. soft, rocycle, it is a teflon hand tha

and if you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg.com and in the u.s. on sirius this is bloomberg. ♪ emily: mark zuckerberg's control over facebook was the focus of this year's annual shareholder meeting, but unsurprisingly efforts to check the ceo's power failed. investors rejected all eight proposals, half of which were aimed at limiting zuckerberg's power, including a proposal to change the company's dual class voting structure and elect an independent chair. zuckerberg himself holds the majority of the company's most powerful shares. joining us to discuss, bloomberg's kurt wegner and shira ovide. you listened to the whole meeting. set the scene for us, including the words "fire zuckerberg" projected on the side of a hotel? kurt: also a group with a big hot air balloon with an angry face emoji on it. some people in the room said it was tense, it was sober, and so i think that you could tell just by the questions that were asked and statements that people made that there are a lot of angry people at facebook right now, and a lot of people who want to have more

if you like bloomberg news, check us out on the radio, on the bloomberg app, bloomberg.com, and of course in the u.s. on siriusm. this is bloomberg. ♪ carol: this is "bloomberg technology," live from boston at the annual chamber of commerce meeting. let's turn to earnings. alibaba and tencent both reported results. alibaba topped estimates, estimates rose consumer spending. tencent sales fell flat even at -- even as that income beats, boosted by gains on investment. for more, let's bring in kevin carter, joining us from san francisco. nice to have you here with us. alibaba and tencent among your top holdings. both seem to be struggling a little bit it seems with the slowdown in the chinese economy. how do you see it? kevin: if 51% growth, which is what alibaba reported, is a slowdown, then i think it is fine. the chinese economy is slowing down. it has been slowing down for a long time, but that is not really news. i think alibaba's report is fantastic. i think what joe said about the tariffs benefiting alibaba is true. tencent has its own idiosyncratic issues with the gaming regulations. carol: the e-commerce

bloomberg businessweek." i am jason kelly. carol: and i am carol massar. it's a great event, people from all walks of life. we are also doing it on our bloomberg radio program, so check that out on siriuschannel 119 and a.m. 1130 in new york. 106.1 in boston. 99.1 f.m. in washington, d.c. jason: a.m. 960 in the bay area. london on dab digital and through the bloomberg business app. carol: here at the milken institute's global conference, i got the chance to sit down with the department of justice's assistant attorney general of the antitrust division. jason: here is the reason we really care about this guy. he is helping decide what mergers are going to go through or not. we are talking about sprint, t-mobile, top of mind. carol: there are so many issues to be determined. we started about talking about big calls, breakups, and big technology. where do you stand on a breakup in big technology? >> we have a number of standards of the antitrust laws, and we will look at every industry and apply the laws based on the evidence. i don't know if breaking up any particular industry without an actual investigation that shows they are doing competitive harm is the right approach for antitrust en

on how empowering women is changing the world. we will talk to her. news, you like bloomberg check us out on the radio, our app, and in the u.s. on sirius xm. is is bloomberg. ♪ emily: four years, melinda gates has been working on globally quality, fighting to reduce poverty and increase health care and education. now, she wants to make sure women get their fair shot. investing in women entrepreneurs, investors, and with her new book. down for a wide-ranging conversation about what she hopes can be accomplished, where she is putting her money and the pending regulation, and why the moment was right for her to write this book. melinda: i have been traveling for years and i've heard all of the stories. i felt like with the me too movement and so many women running an election, we have this window of opportunity to create a quality. but that window could close and i want to make sure we keep pushing and really get equally. -- the quality. -- equality. emily: you talk about your decision to stop staying at home at with the kids and you realize bill did not understand. you could have done it, it was that you didn't understand, you had some growin

and if you like bloomberg news, check us out on the radio, the bloomberg app, and bloomberg.com, and in the u.s. on siriusm. this is bloomberg. ♪ emily: qualcomm shares fell the most in two years after a judge ruled wednesday the company violated antitrust laws. a u.s. district court judge sided with the federal trade commission tuesday, accusing the company of abusing its dominant position in the market to squeeze excessive licensing fees from phone makers and strangling competition. the chipmaker says it disagrees with the ruling and will seek an immediate appeal. we spoke with some analysts about the ruling. >> this is not just a nice little sideline for this company. we are talking billions of dollars of high-margin revenue that come in every year. that money is used to fund an industry-leading rmd asset. that gives qualcomm the best tips in the industry. if you want to buy a 5g phone right now or the rest of this year, you will be buying a qualcomm chip, and that puts the company in a very strong position. the threat is really serious, and that is what the market is reflecting today. >> let's get a m

one man's got. this is bloomberg. ♪ ♪ >> welcome back to "bloomberg business." >> you can listen to us on the radio on sirius xm channelm 11 30, 106.1 in boston. >> am 960 in the bay area, in london on dab digital and through the bloomberg business app. india's elections are among the world's most corrupt and most expensive. fact, a reported $7 billion has been spent on this year's national races so far. >> that was more than what was spent in the 2016 presidential in the u.s. a plan to increase transparency into a river of anonymous donations may make things worse. >> we have those details from our reporter in mumbai. >> india's elections are one of the world's most expensive elections. they are estimated to spend about $7 billion usd in 2019. roughlyt into context, $6.5 billion usd was estimated to be spent on donald trump back in 2016. by some estimates, india's election is the world's most expensive. much of this money comes from a new funding instrument called the bond. critics of the bond say it legalizes what is called black money laundering. donations, unaccounted cash. critics say that all they really capitali

bloomberg news, check out all on radio. you can just listen on the bloomberg app, bloomberg.com and on u.s. -- or in the united states i should say on sirius-xm. this is bloomberg. ♪ carol: before last year china ported about 40% of u.s. recycleables. a resents report and import ban things have ozen researchers saying 11 million tons of plastic will have nowhere to go. students at m.i.t. have developed a robot that can identify and sort recycleables. it is dubbed rose cycle, which can help with the pile-up that is out there. take a look at this. >> for more than three decades, china has been one of the world's biggest importers of plastic waste. that is changing. last year china closed its doors to two dogs foreign recycleables. before the ban, china importered about 40% of the united states repsycheables. the new policy could leave 111 in million mets rick tons of used plastic with konopka to go. now one team of researchers at m.i.t. is looking to sort through the pile-up. have .'s learning lab veloped a broadband that can identify. it includes a soft hand that uses tactile sensors. from there it can determine if it is made of metal, pape

bloomberg news, check us out on the radio. listen on bloomberg.com and in the u.s. on sirius xm. is is bloomberg. ♪ facebook is doubling down on a successful but controversial part of its namesake app, messaging. on tuesday, they unveiled a redesigned focus on its group feature. another sign that facebook is moving toward more private communication. here is mark zuckerberg discussing one of the newest additions. mark: we need to make sure that the service is available everywhere that you are. for a modern messaging experience, that means having a great desktop experience. we've built a great new desktop app. you will be able to chat and video chat. in the native app, not just the browser. we are launching this on both mac and windows. this is one of our top most requested features. caroline: for more, i'm pleased to bring in stan, vp of facebook messenger. he joins us now from san jose. we spoke all the way back years ago. wonderful to speak to you again. talk to me about what really excited you about the messenger announcement today. >> well, there are a couple things. a desktop

on big tex from capitol hill. and if you like bloomberg news, check us out on the radio and in the u.s. on sirius xm. is is bloomberg. ♪ emily: big tex platforms like google and facebook are facing the prospect of more relation -- regulation of its accusation of spreading fake news, hate, misinformation, and allowing themselves to be weaponize device treatments. we spoke to a senator from tennessee about the intersection of tech and politics. >> when you are getting right is that they provide a service people enjoy. they have changed the way we conduct our lot of our transactional life. many people will say that is for the better. theirr, when you look at lack of privacy enforcement, people are forgetting -- are beginning to figure out they are data mining me i'm attracting, following -- mining me, tracking, following. they are big ad companies and i don't like that, i want them to only access information that i give them to explicit permission to see. , don't want them following me and how is it they can monetize my information? , said it to their address, and sell that information. some people have