if you like bloomberg news, check out on the bloomberg radio app, bloomberg.com, and sirius xm in the u.s.. this is bloomberg. ♪ emily: out of that and apple are next in the congressional hotseat. both are facing questions about the privacy practices from republican members of congress. the news opens up for the questions about future tech regulation and industry deteriorating relationships with washington. for more, let's bring in mark covers alphabet. what do you make of these questions from congress? risksre are three major to the larger cap tech platforms. competition, maturity, and regulation you saw it come to are -- gdpre gdp regulations. so far those haven't had a user interest in any of these, the question is will this poor over to the u.s.. i think it is possible. emily: how forthcoming do you think google and apple will be? mark: i don't know about apple, but google has been very forthcoming and so has facebook. mark zuckerberg has done a great job in explaining the company's positions. emily: part of the problem is getting the executives there. mark zuckerberg went with no

if you like bloomberg news, you can listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ selina: the unemployment rate climbed to 4% while waiting unexpectedly slowed. one factor on everyone's mind is the impact of automation. enter automation anywhere and enter the company that is bringing more cost to the workforce. the company closed a $250 million funding round led by golding sacks. the automation cofounder and ceo joins us now. more than 1000 organizations are using your technology including google, general motors, and others. how are they using your tech? thes using particularly in industry. platform tong our automate business processes. selina: are your customers replacing any of their workforce as a result of using automation anywhere? >> the main thing to think about this is this is not a replacement, it is augmentation. were human and bots are working side-by-side, doing what bots do best and what people do best. think of it like a computer. computers were first introduced, we had the same worries. if i take away your computer,

if you like bloomberg news, check us out on the bloomberg radio app, bloomberg.com, and on sirius xm the u.s.. this is bloomberg. ♪ emily: in the last decade, lightspeed venture partners has backed snap and stichfix, -- others.x, along with it starts the new chapter with new money to put the work securing $1.8 billion in capital and the new fund. joining us to discuss is jeremy liew, partner at lightspeed. all of this new money, how do you find the next snap? jeremy: that is one of the most interesting things is, as consumer technology has really become popular culture, we have seen a lot more of these companies that can become multibillion dollar companies based out of the outside the area. yep snap for example based in l.a., you have giphy based in new york, and those are the two places that have hit historically been -- have historically been where popular culture is created. i think we will see more and more companies created in those places. emily: where do you want to be putting this money? crypto? jeremy: we're continuing to invest heavily in crypto. we have been dedicating qu

if you like bloomberg news, check us out on the radio and listen to us on the bloomberg radio app, bloomberg.comand in the u.s., sirius xm. this is bloomberg. ♪ emily: intel reported results after the close thursday the give upbeat forecast for sales signaling they are staying competitive even after the departure of their previous ceo. for more but spring and romaine bostick in new york. what are the highlights? >> they beat estimates pretty much. the company came out last month and they basically gave guidance and analyst set expectations based on the guidance, and today, intel came in at the guidance or slightly above it. unfortunately, you do not get rewarded in this market for coming in at to guidance anymore. this is a growth market. people are looking for growth stocks. what intel give the market today was certainly reassuring in some respects, but not necessarily enough to generate enthusiasm. emily: and there is continued concerns about a slowdown ahead. this is as they are looking for a new ceo in the midst of a pretty big scandal. romaine: the fact that they did not really say a whole

bloomberg news, check us out on the radio. you can check us out on the bloomberg radio app, bloomberg.com, and on sirius xm.his is bloomberg. ♪ brad: the world's largest private tech company is going public. dell is climbing the returns by buying out tracking stock in it swap deal valued at $22 billion. the ceo and founder preached the benefits of it. >> as a privately controlled company, your time horizon is different. you reimagine your business, think about your business in years and decades. reconceptualize how you are investing and what the real priorities are. brad: bloomberg technology's and grant joins us now brooke sutherland who has been writing about the dell move. let's start with you. tell us how they're going public. >> this is a direct listing that is more akin to spotify's. the idea is dell gets all of the benefits of going public with none of the drawbacks. you are not seeing michael dell on some roadshow convincing investors you should invest in my company. you are also seeing that gives him a tremendous amount of control. in the process it simplifies the corporate structure because tracki

if you like bloomberg news, listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: the uber ceo says the ride-hailing company doesn't need to be profitable before a planned ipo. speaking in aspen, colorado, he said he was more focused on generating positive cash flow than making the company profitable. uber has burned through $10.7 billion since being founded in 2009. shoppers brushed aside technical glitches that marred the beginning of prime day. shoppers spent a record $4.2 billion. that is up 33% from a year ago. the world's largest on-line retailer said it grew at a faster pace than last year despite the website crashing at the beginning of the sale. we caught up with the vice president of prime in seattle on monday before the glitch broke to ask how they get the right deals in front of the right customers. listen. >> you would be surprised. the launch has been the most successful for any benefit launch. i said at the time we launched, this was the most important since we launched prime video in 2011. the adoption of pri

and if you like bloomberg news, check us out on the bloomberg radio app, bloomberg.com and in the u.s. on serious xm. this is bloomberg. ♪ emily: this week, the united states supreme court has voted to uphold president trump's travel ban. the court voted 5-4 on party lines, reject it arguments that president trump violated the by targeting muslims. the current version of the travel ban targets five predominantly muslim countries and bars more than one hundred 50 million people from entering the united states. the president took to twitter saying, "supreme court upholds trump travel ban, wow." tech push back big time. and they are doing so again. airbnb released a statement saying we are profoundly disappointed by the supreme court's decision to uphold the travel ban, a policy that goes against our mission and values to restrict a person based on values or religion, travel is a powerful experience and we will continue to open doors and build bridges between cultures around the world. chris joined us on tuesday, the head of global policies for air b&b, and a former white house official

listen on the bloomberg radio app, tim burke.com, and on. xm. this is bloomberg. ♪ profit -- and the boot and apple are facing questions about their privacy practices -- abet and apple are facing questions about their privacy practices. what do you make of these questions from congress? risksre are three major to the large-cap tech platforms, competition, maturity, and regulation. data privacy regulations were imposed earlier this year. this has not impacted user interest. if companies don't respond well in public, it makes it more likely we will see regulations. emily: how forthcoming do you think apple will be? >> google and facebook have been fairly straightforward. page could do as good of a job. emily: part of the problem is getting executives there. zuckerberg went with no small amount of arm twisting. senator mark warner had this to his colleagueser can come up with smart regulation. >> my colleagues are not that familiar with technology. i have been on this issue of social media for the last 16 months. we need the input of tech companies

if you like bloomberg news, check us out on the radio area listen -- radio. listen on the bloomberg radio app. this is bloomberg. ♪ selina: the advent of the internet has turned the news business on its head. with both publishers and consumers decrying fake news, nearly 60% of americans believe freedom of information should be protected at all costs while only 40% think the government should intervene. when you ask when mattel companies should stop -- when tech companies should stop fake news, that number jumps to 58%. app, al news aggregation place for civil and thoughtful engagement, claims more than 3 million users, says half of its revenue comes from paying subscribers. its parent company just bought another digital news media platform from somewhere between $75 million to $100 million. joining me is the ceo. think for joining us. -- thanks for joining us. in the aftermath of this data privacy, fake news issue, i've seen a lot of startups try to position themselves as the startups to the ills of facebook and twitter. what makes this different? >> look at the problem. what the issue behind

and if you like bloomberg news, check us out on the radio. the listings on the bloomberg radio app, bloomberg.com, and sirius xm. this is bloomberg. ♪ emily: president trump took aim at two familiar targets in the united states again this week. amazon and the "washington post." both are controlled by the richest man in the world. and that is jeff bezos. they called the "washington -- trump called the "washington post" and expensive lobbyist for amazon and alleged the retailer has a huge antitrust problem. staying on amazon, the company came out with its earnings thursday. we caught up with boomerang ceo and former exec as well as a reporter for bloomberg intelligence. >> if you look at the profit, it was massive. if you look at every segment, margins improve across the board. one other key things that jumped out was if you look at advertising revenue, that last quarter they started reporting under the new accounting change, it continues to be strong. 130 percent growth in that segment. so a combination of this advertising, plus the amazon program picking up and private goods, these

jason: and in asia on the bloomberg radio plus app. economics section, to sweden where highs taxation led to surpluses. carol: but they are under pressure because of welfare needs. jason: more from us. >> they are facing a lot of challenges because they have taken in so many refugees relative to their population, over 600,000 for a population of 10 million people. at the same time, there are other factors. people are living longer and the birth rate is very high. thato, this social network we all know about, right? everybody thinks about sweden and these amazing services. it's really being strained. weird anding a lot of interesting and troubling problems like what we write about. carol: i think that's a really good point. this is a pace where you play an incredible amount of taxes. you get all of these services. jason: everything we all talk about. yourort of put your, rest chin on your hands and say, to live in sweden and be taken care of. that's come at a cost and is being questioned. that's the fabric of society. >> indeed. it's pe

jason: and in london and asia on the bloomberg radio plus app.siness section this week, collateral damage in the global trade war. carol: right. we have to think about chinese actions against american brands that could hurt the mainland partners. jason: it is quite a twist. jim: unlike the u.s., where we have a trade war and we say that is bad, in china what they normally do is whip up the public to sort of boycott the products of companies from countries they don't like. and in the past, that has been very detrimental to companies that want to do business in china. china is the largest market in the world. everybody knows that and everybody wants to do business there. you don't want to upset the chinese populace. beijing tends to use that as a negotiating chip. and so, that has happened before with south korea. we use in the story an example of a retailer that has 99 superstores in china. and when they got into a territorial dispute with china, all of a sudden, the chinese media, which is state-controlled said, it is patriotic not to do business

if you like bloomberg news, check us out on the radio, listen to the radio app on sirius xm. this is bloomberg. ♪ the world's largest private tech company is going public, again, dell planning to return to the public market i find it stock in a cash and stock swap deal at $22 billion. in january of this year, the ceo and founder michael dell preach the benefits of remaining private here. >> as a privately controlled company, your time horizon is different. you start -- you think about your business in years and decades. reconceptualize how you are investing at what is the real priority. koad: bloomberg technology mi joins us in the studio and opinion columnist brooke joins us from new york. how is dell going public? >> a direct listing more like a spotify. dell gets the benefits of going public with none of the drawbacks, not seeing michael dell going on a roadshow show and convincing investors you should invest in my company. it gives him a tremendous amount of control. it helps simplify the corporate structure because tracking stocks are unusual, they are meant to mirror the

bloomberg news heck us out. on the radio. isten on the radio app and xeriousfm. this is bloomberg. mlow clop tails of the alliance is being confirmed. will it give the company and edge in the brewing two wheel turf war? joining us now discuss is alliance c.e.o. thanks for joining. this partnership with uber, how will it work? >> they will start investing and on top of that, they will be co-branding and make our scooters available on their app. emily: are we going to see the uber sign? >> we are figuring out the details. emily: how much business will this drive for you? >> it's a good question, that we don't know, but the privilege of this partnership. this is a new space and thrilled to have uber as our partner and test it out. emily: $1.1 billion valuation is significant. what are the numbers to back that up? >> this is a massive market. transportation, mobility. and first and last model transportation has been a challenge for a lot of the high-density fits. so we have seen a lot of people starting to use that for fun. but now, a lot of people are using that for a commute and adap

and if you like bloomberg news, check us out on the radio on the radio app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ brad: the world's largest private sector company is going public, again. bill is promising to return to the public markets by buying their stock in a deal valued at $22 billion. in january of this year, michael dell preached the benefits of remaining private. >> as a privately controlled company, your horizon is different. , you reimagine your business. you think about your business in years and decades. and it allows you to reconceptualize how you are investing. and what the real priorities are. brad: bloomberg technology's nico grant joins us in the york, newd in new york opinion columnist brooke sutherland. nico, let's start with you. this is not traditional, yet they are going public. listing thatdirect would be more akin to say, spotify. idea is that dell gets all of the benefits of going public with none of the drawbacks. you are not seeing michael dell going on a roadshow and convincing investors to invest. also seeing it gives him a tremendous amount o

if you like bloomberg news, check us out on the radio, listen on the radio app, bloomberg.com and onir yiss x.m. ♪. emily: cryptocurrency merchant bank galaxy digital will start trading wednesday. it could be a milestone moment for the industry and for the company's founder. the former goldman sachs partner discussed how investors should view the business when he spoke exclusively with bloomberg in toronto. >> 100% traded multiple. because you have a book of 45 different investments that people don't have access to. to start with. the norm alec which the investors can't get access to the portfolio we have. but you also have three other businesses that are generating revenue and that are going to be very profitable. >> already? >> they're generating revenue. they're not profitable yet. but they will all be profitable very soon. so you'll have -- in some time in the future, you'll look at those businesses and you'll put a multiple on those businesses and you'll put a multiple on -- [inaudible] -- we're a year away from that. >> so, what's -- you started really with the macro trading bu

radio app. >> earlier this week, goldman sachs chair and ceo larry bike line sat down for a discussion at the economic of of new york. he spoke with the bloomberg , immigrationef policy, and the future of wall street. this is almost an hour. >> it is my pleasure to introduce my friend lloyd blank line. he has been the firm's president and chief operating officer. was vicethat, he chairman of goldman sachs with management responsibilities for fixed income, currency and theies division, equities division. lloyd has a long tenure with goldman. j aaron,if you include worked and where he they were acquired by goldman sachs, a commodity trading company acquired by goldman sachs, he has racked up about 30 , which you don't really hear very often anymore about -- for all of our millennial members, it has worked out for some of us to have long careers in the same company. before that, he worked at the law firm of donovan leisure because he did in fact get his degree from harvard law school. he is affiliated with nonprofit organizations, including the dean's advisory board at harvard law school, the board of the dean's advisers at harvard is the school,

radio app. >> earlier this week, goldman sachs chair and ceo larry bike line sat down for a discussion at the economic of of new york. he spoke with the bloomberg , immigrationef policy, and the future of wall street. this is almost an hour. >> it is my pleasure to introduce my friend lloyd blank line. he has been the firm's president and chief operating officer. prior