and bloomberg tech is livestreaming on twitter. us out, and be sure to follow us and follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. emily: welcome back to "the best of bloomberg technology." i'm emily chang. samsung unveiled its galaxy note 9 this week at an event in brooklyn, new york. the main takeaways, the phone will be faster and last longer without a recharge, and will also come with some automatic photo editing. but these changes come with a hefty price tag. the 6.4 inch screen note 9 will start at $99

and bloomberg tech is live streaming on twitter. out on technology and makes it a follow us on tictoc on twitter. this is bloomberg. ♪ 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 or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ emily: welcome back to "the best of bloomberg technology." i'm emily chang. samsung unveiled its galaxy note 9 this week at an event in brooklyn, new york. the main takeaways the phone , will be faster and last longer without a recharge, and will also come with some automatic photo editing. but these changes come with a hefty price tag. the 6.4 inch screen will start at $999.99 and maxing out at $1249.99. samsung is banking on the device -- they are struggling to fend off a

and bloomberg tech is livestreaming on twitter. e to follow us and follow our global breaking news network, tictoc on twitter. , this is bloomberg. ♪ ♪ emily: welcome back to "the best of bloomberg technology." i'm emily chang. samsung unveiled its galaxy note 9 this week at an event in brooklyn, new york. the phone will be faster and last longer without a recharge, with somelso come automatic photo editing. but these changes come with a hefty price tag. the 6.4 inch screen will start at $999.99 and maxing out at $1299.99. if they are struggling to fend off apple's upcoming iphones over the holidays. but will it work? bloomberg tech's mark gurman and bob o'donnell went to the samsung unveiling in brooklyn and came to us with a full report. mark: they are positioning it as this new big thing for consumers, but the reality is, what looks new to consumers in this phone, does not look different than its predecessor. it has a slightly bigger screen, much upgraded stylus, more stores capacity, but a faster processor, but i do not think th

and bloomberg tech is live streaming on twitter. k us out at technology and be sure to follow our global breaking news network at @tictoc on twitter. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. emily: welcome back to the best of bloomberg technology. i'm emily chang. has facebook hit bottom, or does it have further to fall? signs it may be running out of new users. investors reacted swiftly. one person who is not worried investor gary vaynerchuk. , here is what he had to say when one twitter user asked him about facebook's drop last week. i bought the stock today. th

bloomberg. ♪ emily: the second annual players tech summit is underway.t is a gathering of world-class athlete, entrepreneurs, taking place right here in san francisco. since my next guest joined the nba, he quickly made an impression on and off the court. jalen brunson is with us here now. you're 21 years old, you have obviously made an impression in the basketball world itself, but you also interned at a venture capital fund, hosted a tech summit, what are your goals off of the court? jalen: that is a long-winded type of question. basically building a rolodex and finding the right resources to put myself in a position to be more successful than i was last year and the year before that. emily: what have you actually done so far? i know you are educating yourself, talking to people, and you're not educating -- not investing it, but are asking. jalen: i give a lecture at harvard on indication -- education. talking about connecting worlds between basketball, business, and others, that could be a bridge. i think it was the youngest lecturer in harvest histor

bloomberg tech is live streaming on twitter. , and follow our breaking news on twitter at tictoc. this is bloomberg. ♪ 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 or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, cal

bloomberg tech's live streaming on twitter and be sure to follow ocr global news network tict on twitter is bloomberg. ♪ ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. back to our top story, president trump lashing out at google, claiming it is censoring results when it comes to positive trump news and promising to take action against bloomberg. the president made the claim at 5:00 a.m. eastern time without any evidence to back it up, and prompted a response from google -- search is not used in a political agenda and we do not bias results toward political ideology. our columnist warns his threat should be taken seriously, joining us from new york. what could the president or white house do here? >> it is not really clear. we heard larry kudlow, the white house economic adviser, say the white house was looking into whether to regulate google search. i am not sure what that means. maybe he did not know what it means. but we have seen lawmakers already in congress talk about maybe cracking down on a provision of the law that shields google and other internet com

and bloomberg tech's live streaming on twitter. k us out at technology and be sure to follow our global breaking news network at @tictoc on twitter. this is bloomberg. ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. emily: welcome back to "the best of bloomberg technology." i'm emily chang. has facebook hit bottom or does it have farther to fall? second quarter results show signs it may be running out of new users. investors reacted swiftly, wiping $100 billion in market value off the stock. but one person who is not worried, investor gary vaynerchuk. here is what he had to say when one twitter user asked him about

emily: here to tell us more, the voice you just heard, bloomberg tech's mark gurman. in london, caroline hyde. with us in minnesota, gene munster. gene, you have covered this company for years. what does this actually mean? gene: i think it means that apple has become really the fabric of our lives. i think it is testimony to that, that this is something we don't even think about how much we rely on apple's devices. that means that -- i think that's one piece of it. i think it also means that the company is so big right now it has an unfair advantage over a lot of other companies, just given its market cap. the stock that it has, if they did want to acquire companies, they have more leverage on that. and last, i think it is a wonderful reminder to people to stick to doing one or two things exceptionally well. in apple's case, it has always been one thing exceptionally well. tim cook got a lot of heat over the years for not coming out with a cheaper phone and a mass-market. he got criticism for not doing m&a. he stuck to what he believed in and i think that was the thi

and bloomberg tech's live streaming on twitter. k us out at technology and be sure to follow our global breaking news network at @tictoc ♪ emily: welcome back to "the best of bloomberg technology." i'm emily chang. has facebook hit bottom or does it have farther to fall? second quarter results show signs it may be running out of new users. investors reacted swiftly, wiping $100 billion in market value off the stock. but one person who is not worried, investor gary boehner check. here is what he had to say when one twitter user asked him about facebook drop. i bought the stock today. that's my thought. we sat down with him for a wide-ranging interview that began with, what else but facebook? gary: i bought a couple hundred thousand dollars worth of shares. i bought some more this morning because i am a long-term believer in the stock and i don't think there will be a lot of moments over the next three to four years, outside of macro economics that i will be able to take advantage of it. i do not tend to buy a lot of publicly traded s

this is bloomberg. ♪ emily: andre iguodala have three nba titles to his name and also has a hot list of techestments. is oneden state warrior of the sports superstars making his name in global capital and says it is lot like building a championship basketball team. i spoke with him exclusively on the bloomberg player technology summit in san francisco. >> to invest in people. to invest in entrepreneur in -- pretty worse -- entrepreneurs. i've been taking under a wing invest intor our says entrepreneurs. i have been on both sides of that and investing in entrepreneurs is the way to go. people that are genuine and have a passion. people that overly want to work hard and have the potential. those are the ones most likely will help you see through your investments. emily: what are parallels you found on the court and investing off of the court? andre: similar to being a general manager, actually. i've a good relationship with rtmm bob myers -- rtm, bob myers. we talk about finding the right is knowledge is together and putting the right coach in place. basically, you put a team together to win a

up, thin tech excites investors with its first ipl earning report. we discuss next. this is bloomberg♪ emily: tech payment processor made a big splash when it launched its ipo and is keeping up with investor expectations after posting a strong first earnings report. the company which processes payments for uber, spotify, and netflix saw a 67% increase in revenue. walk us through these earnings, and why they were so strong. >> one of the big factors would be the global e-commerce boom , which is boosting fintech firms worldwide. in this particular case, adyen pointed to changes in shopping behaviors and also mobile payments. they also pointed to important deals they had with valve, dunkin' donuts, and ebay. the bulk of the driving factor was their existing merchants. those will start factoring in in the near future. emily: who are adyen's competitors? natalia: adyen says they consider the big online payment providers that operate internationally to be the biggest competitors, companies like worldpay and chase merchant. to some extent they also compete with companies like alibaba and am

emily: brad stone out of bloomberg's global tech unit. thank you so much for weighing in. china, some rare public criticism. state run media rebuked china's most valuable for safety second female a customer was killed allegedly by a driver. has halted its hitch two senior fired executives. coming up, 10,000 dead and one illionle who have lost their mianmar. >> live streaming on twitter, be to follow our global break news work on tictoc. this is bloomberg. tictoc. this is bloomberg. emily: facebook is taking action against military leaders in mean march. should be hey genocide.d for they removed pages that were used to incite violence against minority.m those pages were followed by nearly 12 million people. the e same time, it banned military's commander-in-chief and television network. ome 10,000 people have been killed as a result of top commanders acting with "genocidal intent." nearly a million have fled into bangladesh. they said while we were too slow to act we're now making progress frome want to prevent them using our service to further inflame ethnic and religious

adelstein is interviewed by bloomberg news tech reporter todd shields. todd: i am interested in the 5g. a lot people are. what are the benefits of 5g? mr. adelstein: you have smart cities where you can do any services online, you know where to park, traffic will be improved. the benefits go on and on for consumers, to the overall connecteding that are and growing faster, if we get it right. >> watch "the communicators" monday night at 8:00 eastern on c-span2. >> today, the american institute of certified public accountants holds a conference in washington on changes to the national audit manuals and cyber security fears live coverage begins at 9:00 a.m. eastern on c-span2. >> good afternoon. let's get this level appropriate.

amazon has discussed cofinancing to bloomberg has learned the tech giant has tried to cofinancing movieseast two major hollywood studios in exchange for online rights. including paramount pictures. joining us now with more bloomberg, it is no secret that amazon has struggled with its studio and the leadership of its studio. what can you tell us about these possible new arrangements? >> what me and my colleague have picked up on in l.a. is early exploratory talks amazon's having with two studios, major studios, sony pictures and paramount, which is part of viacom. both are the smaller of the big six in hollywood, and they are the ones that still take on cofinancing partners. the likes of disney don't. amazon has had conversations with them to explore what they can do to get bigger, more exciting films out to their users. one way that they might do that is by cofinancing films, seeking a stake in some of those potential hits. emily: so, talk to us about the finances of this, how big a deal would it be for a sony or a paramount to give up certain online rights to amazon? or is it all about

tune in tomorrow when we'll be speaking with a slough of nba players at the players bloomberg tech summitaylen brown of the boston -- summit, including jaylen brown of the boston sell. that's it for now. this is bloomberg. ♪ >> turkey's crisis deepens. the lira plunges again and spreads to equities. erdogan repeats the country is under attack. >> the fallout is spreading around the world. emerging market stocks and currencies drop to their lowest in a year. wall street isn't

bloomberg technology." tomorrow we talk tencent, reporting earnings. the chinese tech for its games and messaging services in marketver $150 value since january. can they change course? we will discuss. that's all for now. i'm emily chang in san francisco. this is bloomberg. ♪ 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 or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> u.s. stocks halt their longest slide since march as investors shrugged off the turmoil in turkey. >> ankara's not backing down. president erdogan boycotts u.s. electronics, and says he will not be pushed around. >> tesla among the days losers as goldman sachs says it is not actually on board with the going private plan. >> oil's brief recovery ends on a surprise expans

bloomberg tech is streaming online. and follow us at tic toc on twitter.loomberg. ♪ tumbled friday. the world biggest maker of cyber security software expected to record $15 million in restructuring costs as it cuts 8% of tis workforce this year. -- its workforce this year. it closed fewer business deals unexpected. -- than expected. larry page, former twitter ceo and then horowitz remain -- the been sporting allbirds, environmentally friendly footwear sweeping silicon valley. since launching in 2016, the startup has tiger global and leonardo dicaprio, the company uses wool and eucalyptus tree fibers to make shoes.a n and is adding brazilian sugarcane. it replaces plastic foam that uses 95% less water than typical shoes it. allbirds says it is so much more than a shoe company. joining us now is tim brown. you've got these new sugar zephr flip-flops that have the sugarcane. >> it's a journey that took about three years. my co-founder had a previous relationship with him personally and green energy company. we convince them to reconnect some parts. and effec

tech investment. we will hear from golden state warriors superstar andre iguodala. this is bloomberg♪ may havedre iguodala three nba titles but he has a host of hot tech investment including lime bike. the golden state warriors star is one of the growing number of sports superstars making in venture capital and says it is like building a championship basketball team. i agree k-swiss with him on the sidelines of the. bloomberg players technology summit in san francisco >> to invests in people, to invest in entrepreneur jeff jordan and hall, he's taking my team under his wing. he always says invest in entre preneur. i've been on both side of that. people are genuine. people that have a passion. people who really want to work hard, and they have the credentials. and those are the ones that most likely will help you see through your investments. emily: what are some parallels you found on the court and investing off the court? andre: a general manager. i've a good relationship with our g.jm., bob myers. we speak a lot about putting the right personalities together, putting the right coac

tune in tomorrow when we'll be speaking with a slough of nba players at the players bloomberg tech summitlen -- summit, including jaylen brown of the boston sell. that's it for now. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. ♪ yousef: this is "bloomberg daybreak: middle east." our top stories this morning. no more negotiating, there will be no talks until an american pastor is free . manus: is a crisis hits other markets. argentina hiking up interest rates which are already the highest in the road, to support the peso. yousef: will devise biggest lender now walk away -- will dubai's biggest lender network away from a dea

bloomberg tech is livestreaming on twitter.follow our global breaking news network on twitter. this is bloomberg. ♪ ♪ >> the lessons from jackson hole , signals no change in rate policy. >> vasso talks may be poised through a break. mexico and the u.s. may have an announcement. >> steady as she goes. renews -- renew stability. for john mccain from both friends as well as foes. in national memorial service will be held in washington this saturday.

yvonne: joining us now is our bloomberg tech editor.resident saying this is a serious situation. are his criticisms fair? >> it is certainly true these big internet companies have to be careful, maybe not for the reason the president was talking about today. in general, these internet platforms are under a lot more scrutiny compared to five years ago, for instance. they have a lot more reach now, a lot more influence on what goes on in the real world, not just online. so from that perspective, they do have to be very careful. yvonne: we have heard the president bring up this issue time and time again. how serious is he in really implementing some kind of change, or is this just an isolated issue? alistair it has certainly been a common theme that president trump has used over the last two years, really. the general idea's that these internet companies are, according to him, too powerful and they have a left-leaning slant when they are picking what content to show people, what content to rank. specifically today with the google criticism

bloomberg tech's sarah frier reports.arah: snap tries to be at the cutting edge of what's next, rum spectacle to facial recognition filters -- from spectacle to facial recognition filters. now they are betting big on augmented reality advertisement. the company even opened up online studios to make it easier for brands to build ads that can be overlaid on people's pictures and videos. on snapchat, users can manipulate their pictures or videos using augmented reality lenses and animations, some of which are branded, like sunglasses reflecting domino's pizza. people then send those photos or videos to friends, potentially becoming the star of the ad. the company's second-quarter earnings topped analysts' suggestions -- analysts' suggestions. more than 80 million people in the u.s. engage with ar monthly. 120se is projected to hit million monthly users by 2021. but snap is already facing competition. facebook, which has copied snap before, announced in july that it is also getting into the ar ad space, and they are not alone

for morill' bring in our bloomberg tech editor. is the iphone x underprized? >> well, i had debate about that earlier this year. if you buy a laptop for $1,000 and use it at home you use it less than a smartphone so maybe a smartphone is worth more than $1,000. we use it every day. emily: what do you make of buffett's resounding endorsement? alistair: we use these devices, maybe you have an android, i have an apple. they have become indispensible. how valuable is that? there's certainly an argument to be made it's underpriced in that, for sure. emily: they september the event september 12 in cupertino. what do we know about it? alistair: they say, gather around. we think the shake of a new apple campus, the shape of a new theater. could they will be a round device? it will probably be an apple watch which will have a bigger screen. these other -- these three phones that they have pretty big screens, a lot bigger than in the past. emily:le home button is round. -- the home button is round. elistair: and that's going away. emily: tell us about the three new phon

. >> mark, thank you so much for all of those details there rom mark, our bloomberg tech reporter coming to us from l.a. with this new generation of iphones and other apple products. let's stick with tech. tesla's private drama may have obscured some good news. debating his controversial buyout a bloomberg tracker suggests output of the may mportant model three have exceeded weekly production targets this month. dana takes a look. she watches tesla very closely for us here at bloomberg. this has been the issue that been worried about. >> yeah, i mean, for tesla, the ey to profitability is getting these model threes out the door and on the road and the company guided to make 50,000 model threes in the quarter which 4,200 per o about week. we've seen based on our tracker, flow.ind of ebb and it looks like they have been doing fairly well. at the same time, all over witter you have people saying production is slowing down but the tracker is based on the vins submits and it's been fairly accurate in the past, so that's the main thing. go private drama exceeds in the background as the product

gene munster and mark gurman of bloomberg tech. we will be talking about this a lot. thank you all. all right. shares of square have nearly doubled this year, putting pressure on the company to outperform. i sat down with sarah frier to talk about the latest results. >> we want to invest, but do it with financial discipline. we maintained our guidance for the full year. that stayed the same. if you look at the back half of the year, we think that's the right balance of invest to grow, but do it with financial discipline. emily: more of that conversation ahead. if you like bloomberg news, check us out on the radio. listen on the radio. this is bloomberg. ♪ square,hen it comes to investors expect a lot. shares have doubled after a 154% gain last year and that means pressure to outperform analysts expectations -- analysts' expectations. the compan -- there's much more to square. the ceo, jack dorsey, made a push into bitcoin. that has helped fuel growth for the square app in general. we caught up with sarah frier and asked what other points the company would be looking to include on th

emily: for more, i want to bring in our bloomberg tech reporter. what has facebook detected?> they saw the russian influence in presidential elections in the 2016 election and failed to disclose that until long after the election had been decided. they committed themselves to prevent than the future. they are now coming out and saying they have a separate instance of election meddling. they do not know if this is from russia or someone else. this is small compared to what russia did. what, they bring the public and to what they know since they have been communicating with congress and the fbi. emily: they are also getting more sophisticated and that these attackers are more disguised? sarah: facebook has been morning -- warning that no matter how much they invest in trying to stop happening, it is possible these "that actors will always be a step or two ahead of. in this case, they were able to up secure their identities and a much more sophisticated way than the ira. this was much more difficult to track. emily: let's listen to sheryl sandberg making that refrain about secur

bloomberg technology. coming up in the next hour the bulk of u.s. tech earnings are behind us and the banks have bounced back but morgan stanley says a tech sell off is about to start. plus, google wants back in, in china. the search engine left the mainland in 2010 over beijing's censorship policies and now is working with the chinese government to curtail search results. much to the chagrin of employees. and proposing to revoke california's authority over greenhouse emissions and electric vehicle mandates the california attorney general is out to maintain the state's clean air. we'll hear from him ahead. first to our top story the bulk of big tech earnings are behind us. just snap is left to report this week. apple investors breathing a sigh of relief. the nasdaq composite lost as hutch as 4.2% since the july 25 high as investors sold shares of fatebook, netflix, and more. morgan stanley is arguing this is just the start of a bigger sell off in u.s. equities driven by tech and recommended selling u.s. tech stocks a month ago and now says traders are st

adelstein is interviewed by bloomberg tech reporter todd shields. todd: i am interested in 5g. .lot of people are why should people be interested? mr. adelstein: you will know where to park, traffic will be improved, the benefits go on and monday night at 8:00 eastern on c-span 2. when did you first get interest on reporting on mexico? ginger thompson: i grew up on the u.s. mexico border. i am an army brat. for my high school years, i lived in el paso, texas. mexico has long been a part of my life. i learned to speak spanish very early. i spent weekends with my friends and their grandparents. i have been interested in mexico for a long time. when i became a journalist, the fact that i spoke spanish gave me a bit of an adage over some of my colleagues because there were not a lot of spanish speaking reporters in newsrooms. i was working at the los angeles times and to say that about the l.a. times is something. i started as an intern there and spoke spanish, covered spanish-speaking communities. in doing that, it became a natural progression that i w

he is interviewed by bloomberg news tech and telecom reporter todd shields. >> so i'm interested in the 5 g of course. i think a lot of people probably are. we hear about it. what are the benefits of 5 g, why do we care? what are we going to do with all this speed that we're going to get as it builds out? >> you have sensors. you have smart cities where they can read the meters, you can do all your services on-line. you will know where to park. traffic will be improved. the benefits go on and on for consumers from their individual device working better to the overall satisfy being better connected to the overall economy growing faster if we get it right. >> watch the "communicators" tonight at 8:00 p.m. eastern on c-span 2. >> this week book tv is in prime-time starting tonight at 8:30 p.m. eastern, the author talkings about his book "the rise and fall of voting acts right rights". tuesday at 8:00 p.m. eastern, is faith compatible with reason? wednesday at 8:00 p.m., the book "what truth sounds like" rfk james baldwin and our unfinished conversation about race in america. thursday at 8:

joe: thank you to our bloomberg tech editor joining us from san francisco.ple on low income need bank accounts in the u.s. postal service might have the answer. we will talk to the author of a report that says public banking is a win-win situation. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. mark: i am mark crumpton with first word news. president trump is taking steps to end u.s. involvement in syria. that is according to the associated press who reports the administration is ending funding for syria stabilization projects. officials say the earmark for that will be shifted elsewhere. excav

techs. we will have more on the other side of this break. this is bloombergne: this is "daybreak: asia." of two techs tale in china. the archrival alibaba reports its fastest pace in growth in more than four years. that's good down to san francisco with reporter selena way. managed to do so well? the fastest growth in four years. local services and now the problem is that investment in these areas have started to drag on the profit margin. the question is, how can they keep investing without significant pressure on profitability? if you look into the numbers and peel back some of the , they did not grow quite as fast as expected. deeper,ig a little customer revenue slowed from 35%. the top line number is very positive and good. if you go further, growth and business is starting to slow. ramy: you talk about investment here. aside from the core business, where has alibaba been investing the most? >> cloud and entertainment. roku, their video streaming service. there is also the local food delivery business. alibaba announced it is creating a separate entity. i

adelstein is interviewed by bloomberg tech reporter todd shields. todd: i am interested in 5g. .lot of people are why should people be interested? mr. adelstein: you will know where to park, traffic will be improved, the benefits go on and monday night at 8:00 eastern on c-span 2.

i am jenna degen heart, this is bloomberg. tech lead stocks lower in a selloff triggered by tencent decline in earnings. we also sell commodity related shares tumble along with oil and copper. let's get to sue in new york. sue: not a lot of optimism for investors. let's go right to the snapshot, commodities down across the will get to. a big area of weakness with the s&p 500 down. let's go into the big movers is the size of the drop was significant. look at tesla with its subpoena news, stocks on the board. have costw, the concerns with the whole sector being beaten down badly. tencent off its flow, better eight significant weight on the tech stocks in the u.s.. this chart has to do with copper is where you can find these stocks. copper tumbling among trade woes and this is a significant downturn. let's go to one more chart which has to do with the etf's. when we talk about tencent weighing on the market, it is important to note that the etf's with exposure to faang stocks are more resilient than what we see with the effect of tenc

. ♪ ♪ this is "bloomberg daybreak p are gold tech at a record -- "bloomberg daybreak." h down. will buy trump says we their debt, but you have government officials in italy saying they will not approve the eu budget rule. in other asset classes, the dollar rolling over a bit and pushing other currencies a bit. it is up by 1/10 of 1%. it has a ripple in crude as well. dollar-yen, the pboc comes in and says we do not want that. the point to spread and 19 basis points and fixed rate auctions coming up. i'm guessing light volume. david: for the last week in august, no. we will still watch them. let's get a check on what is making headlines outside the business world. we turn to kailey leinz with first word news. president emmanuel macron says the u.s. seems to be turning its back. they can no longer fully .ount on security they look for a defense project today. authorities in jacksonville florida say a gunman at a shooting at a video game tournament was attending the event. he was a 24-year-old man from baltimore. police say he killed two people and wounded nine others befor

bloomberg technology." we will bring you all the latest in tech throughout the week. tune in each day at 5:00 p.m. :00 p.m. san francisco. "bloomberg technology" is also live streaming on twitter. check us out at technology and be sure to follow our global breaking news network at tictoc on twitter. this is bloomberg. ♪ ♪ david: coming up on "bloomberg best," the stories that shaped the week in business around the world. turmoil in turkey. each day brings new twists as investors look on with alarm. yousef: the market reaction really tells a powerful story as to the insufficiency of the latest move. mohamed: turkey is trying to rewrite the crisis management chapter in the playbook for emerging markets. david: the u.s. and china resume talking about trade talks. cryptocurrencies go on another ride, and elon musk's plan to take tesla private puzzles the --

bloomberg technology. andre iguodala may have three nba titles, but he also has a host of tech investments. en state warriors start is the -- one of the growing number of sports stars making a name for venture capitalists. at thechang spoke bloomberg technology summit. invest in people. taking the team under the wing and he always does invest. i have been on the sides. it is definitely the way to go. people that have a passion and really want to work hard and they had the credentials. will are the ones that most likely help you see through your investments. -- on and off the court? >> similar to being a general manager. thepeak a lot about putting right personalities together. you put a team together to win a championship. you are getting the right marketing team in place to read you are going out. the best recruits to come in -- >> talk to us about what your portfolio looks like. >> i have been investing in a lot of different companies for while. time, sports related, gsm was my last investment. scooters have made a headline a wellness space with arrieta huffington. i have dealt with sleep

bloomberg technology." we will bring you all the latest in tech throughout the week. tune in each day at 5:00 p.m. :00 p.m. san francisco. "bloomberg technology" is also live streaming on twitter. check us out at technology and be sure to follow our global breaking news network at tictoc on twitter. this is bloomberg. ♪ taylor: "bloomberg businessweek." i am taylor riggs. a lot going on in the magazine. tyson wants to be your one-stop shop for all things protein. jason: and tmz's shift from hollywood to washington as it breaks into celebrity politics. taylor: a lot going on in turkey with threats of their financial crisis and any contagion effects it might have.

bloomberg's asia tech reporter in tokyo. rkets asia, let's look at how markets are trading in japan, south korea and australia. the nikkei down by a quarter of a percent. the asx looking the other way. yvonne: that is it for us on "daybreak asia." markets coverage continues. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. weighing trade tensions in jackson hole. a warning against further escalation that says america will be the loser in any trade war. in hong kong, i'm rishaad. >> what is also coming up, welcome investments from ch

bloomberg exclusive is coming up. we hear from the ceo -- coo of softbank. what he says is the most important trend in tech. oomberg. ♪ scarlet: "what'd you miss?" time for a bloomberg exclusive. and hammond spoke with the coo of softbank and executive chairman of sprint. they talk about softbank's investment strategy in the big tech names now. >> artificial intelligence will be one of the unified themes, if not the most important theme. and weplayed a key role moved into internet, then broadband, and we believe the next enormous wave of disruption will be powered by artificial intelligence. about thelso talk clustering of number ones and the ports talking to each other. how do you facilitate that as coo? marcelo: that is my primary goal. and oured a group question is how do we help? if you look at the entire portfolio, it is hundreds of billions of dollars, and how can we make our companies work better for better returns and how can we help these entrepreneurs grow faster, expand faster. that is one of our primary roles. it's fascinating to be able to say we do have financial capital and we other largest st

tech. apple shares jumped 4% in extended trading after the company reported better revenue and sales projections. it wasn't all rosy. with bloomberg'ssia tech reporter in hong kong. what draws the strong results? we see strength in the apple numbers. shelly: apple was pretty successful this quarter. it wasn't necessarily that they it waslling more phones, that they were charging higher prices for those funds. the services business also did well. things like the smart watches and home products also did well. but the real differentiating factor, what really drove the quarter was these higher prices for these devices. anna: the pricing was part of the story then? tim cook was asked about tray concerns. he says he is not worried about the first wave of tariffs. he is going to be doing some work on it and telling the government what he thinks. extensive, supply chain are you surprised he is not more surprised about the tariff story? shelly: i think people are really waiting to see what tim cook was going to say. he had already spoken out against tariffs. that was not a surprise for anybody. i think people are still waiting to see tangibl

todd shields covers tech for bloomberg and jonathan edelstein , former fcc commissioner and ceo of the wireless infrastructure association. gentlemen, thank you. >> today we continue to bring you unfiltered coverage of congress, the white house, the supreme court, and public policy events in washington, d.c. and around the country. c-span is brought to you by your cable or satellite provider. >> texas governor greg abbott -- georgia congresswoman were and a conservative conference, organized by eric erickson.

bloomberg reporting the tech giant is reporting its version of the dvr. it would compete with tivo. it one a new type of digital recorder for the streaming era. amazon spokesperson declined to comment. >>> lake tahoe cabin fell for more than $17 million. it was on the market for three years. >> yeah it is $20 million. >>> it is 6:00 right now. the case, bay area connection that could come in hours. >> an outrageous violation, the big allegation. >> everyone is here. >> a woman and the trick she pulled on her matches. today in the bay continues right now. >>> a very good morning to you. thanks for joining us. >> we want to start out with kari hall. today a pleasant day around the area. >> yeah. cooler temperatures. we have been enjoying a nice little cool down. as we take a live look that drive is getting underway. it will start out with mid-50s. mostly cloudy skies. it clears up shortly after sunrise. temperatures heading into the low 70s by early

tech ipo's in the u.s. will have returned to levels not seen since 2013 and 2014. how will the rest of the year play out? joining us, our bloombergd tech reporter. spent the last several months trying to tackle this market. what has been so unique about the last six months? jackie: technology has been exceedingly active, and i know we have been waiting for this to come back. the last couple quarters have been exciting. we are definitely seeing technology companies themselves, and tech businesses in general really eager to get out. i think a lot of this is driven by the fact we have been in such a strong economic market now for a number of years. everybody wants to access this window. emily: will it continue? q1 are going to be very busy markets for us. emily: i am curious. the bull market has been going on so long, conditions have not really changed outside vehicle in 2015 --the hiccup in 2015. why are companies deciding now is the time? i think back to last year when everyone was saying, it will be next year. what is different? jackie: valuations were high, and now they are almost back up to that level again. folks are saying, w

. >> you're watching "bloomberg best" chinese tech giant was one of many firms reporting quarterly resultshe crackdown on online gaming in china -- the chinese internet giant suffering its first job in over a decade. to -- toruggled monetize some of its most popular online games. was this the reason the results disappointed? is it likely to weigh on results in the coming months and quarters? >> we are certainly seeing this -- sent shockwaves across the community. fore already expectations regulatory changes, what we are seeing is even worse. core, it is a gaming company. it has significant revenue and profits from gaming. the profit -- the fact that they cannot profit from their most popular games, that is a huge problem for them. >> wal-mart rebounding, the world's largest retail having its best quarterly sales growth in a decade. online shares soaring. >> is a till of two companies. they are performing amazingly. turned this company around over the last couple of years. the challenge in getting excited about the equity is about the investing the company is doing in commerce. the company

bloomberg. lisa: thank you so much, jenna. riended -- president trump is taking on tech. h bloomberg, the president said the firms are in an "antitrust situation." in evansville, indiana, here is what he has to say. ump: look at social media. something called free speech rights. you look at google, facebook, twitter, and other social-media giants. i made it clear that we as a country cannot tolerate political censorship, blacklisting, and rigged search results. lisa: meanwhile, top tech execs like the facebook coo sheryl sandberg and twitter ceo jack dorsey are preparing to testify before the senate on wednesday. joining us is a bloomberg opinion columnist. we have heard this tough talk from president trump with the big tech companies before. i guess now that there is a question of what to do either unilaterally or with support from congress. >> i think we have seen a little bit of follow from the president's remarks. senator orrin hatch sent a letter to the ftc asking them to essentially reopen or consider reopening an antitrust investigation into google that the federal

the bloomberg commodity in tech's -- index of 0.3%. crude up by 0.4%. let's get a bloomberg first word news update. has said donald trump he expected jerome powell to be a cheap money fed chairman. bloomberg has learned he lamented to wealthy republican donors on friday that his nominee instead has raised interest rates. reserve has raise rates five times since trump took office, including five since -- independentrman is it has frustrated presidents by raising borrowing costs without regard for policy. president trump has said he will not make any concessions to turkey to secure the freedom of a detained pastor. at the center of the diplomatic dispute that has rocked the nato allies economy. he also repeated his claim china and europe manipulate their currencies. in an interview with reuters he beijing artificially lowers the level of the you want with the u.s. places tariffs on chinese goods. china's problems with dodgy data all in-house according to the man in charge of government statistics. national bureau of statistics said the company's growth thi

in the tech industry, bloomberg has reported that china is taking active moves to nationalize the entire tech industry there. you have google deciding to move in as china is controlling and certainly with the tech sector. google, with whatever they do. in addition not just the search engine, it is also the cloud -based server dynamic that they want to move into china. that would also be involved with the chinese partner, which means china would have access to whatever it is the data on that server. so, it is about facilitating this dynamic, tierney and doing so with the willoughby and an american company and american values. it is facilitating a tier near that all of us should stand up against. >> steve: i love you for that comparison with south africa. you're the first person i have heard say that and you're exactly right. everyone was up in arms. we have boycotts against the apartheid regime. anyway, congressman, i know you are not literally the government. you are the nearest thing we have to it. shouldn't this be stopped by our authorities? should congress get involved in block thing