"bloomberg: technology." -- and this is "bloomberg: technology."oming up, door -- the $100 billion fund lottery. on the eu having a deadline hate speech and terror propaganda. we're live with an update from london. tomorrow, snap officially went public but employee morale is an all-time low. we look at the hard year that was for the social media company and the road ahead. first to our lead. u.s. stocks fell off as all averages tumbled. imposing trump substantial tariffs on metals. tesla,also hit with alphabet, and others the biggest decliners. first of all, romain, lock us to the day that was. >> we started in a good place. the markets seem to like some of the comments coming from jerome powell. then, right around noon eastern time, the president came out with a statement saying he's going to slap tariffs, 20 5% on steel, 10% on imported aluminum, and that just started a long and slow decline. 1.7 on the dow and 1.3 on the nasdaq. it was not a good day and a lot of this has to do with the fact that people were not expecting some of the trade rheto

"bloomberg technology" is next. ♪ emily: i'm emily chang. this is "bloomberg technology."p, tesla's, turnover. three senior executives hit the week before a critical profits report goes public. and a new frontier for venture capitalists. why start of investors are starting to look harder at america's midwest, but first, to our lead. elizabeth holmes has been accused of fraud by the sec in addition to the two-year ban she was already serving from operating blood testing labs. the suit and settlement announced wednesday. details how homes and her chief deputy life for years about their technology, snookered the media to get investors to hand over more than $700 million to keep the closely held company afloat. recall the company claimed it could run multiple tests on just one drop of blood at a fraction of the usual price but was forced to shutter its lab after thousands of patient results had to be corrected. now, the reporter who covers biotech and health care and our reporter who covers all things start up. why this isnd us also relevant and how theranos got into trouble.

"bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology".ing up a selloff in tech , stocks pushes down u.s. equities. why the market volatility is not going away any time soon. plus, an important stop in the mark zuckerberg apology tour, as he snubs the u.k. parliament yet decides to testify on capitol hill. apple hits rewind with a new plan to go back to school, and the spotlight on two of the tax -- the tech's biggest players in the classroom. mark zuckerberg decided it is time to face the congressional music. the facebook ceo will appear before the congressional committee to answer the role of facebook's and the data breach from cambridge analytica. the subjectas been of criticism from lawmakers on both sides of the il. he will not appear before a u.k. parliamentary committee. his decision hasn't helped facebook's stock very much, which fell 4% with trading on tuesday and that is on top of the $90 billion loss since the scandal broke. to dig deeper, i would like to welcome sarah frier. and for reaction across the pond, we have caroline hy

"bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology". selloff in tech stocks pushes down equities and by volatility is not going away. plus and important stop in the mark zuckerberg apology tour, as he decides to testify on capitol hill. apple hits rewind with a new plan to go back to school, and the spotlight on two of the tax biggest players in the classroom coming up. coming up, hourly. thiszuckerberg decided time to face the congressional music. he will appear before a committee to answer the role of facebook's and the data breach from cabbage analytic. has been the subject of criticism from lawmakers in both sides of the aisle into a not appear for a u.k. parliamentary committee. his decision hasn't helped facebook stock much as it got 4% with trading on tuesday and has seen over $90 billion loss since the scandal broke. i would like to welcome sarah covers the social network on bloomberg and we also have caroline hyde in london. first of all, zuckerberg agreed to testify. all, zuckerberg agreed to testify. i don't believe you spoke

"bloomberg technology" is maxed.ext. ♪ caroline: i am caroline hyde, emily chang is off today, and tech driven still off in stocks, and facebook is leading the tech route, and reported misuse. we will be you the latest on this developing story. and uber halts its autonomous car's after a pedestrian in arizona is killed. first to our lead, facebook turning and its worst a wipeout after the social network giant faces new pressure from the u.s. and europe amid officials demanding that reports of a advertising data on 50 million users without consent. the selloff in facebook spark pressure in stocks today. let's check in with abigail doolittle for more. >> it is pretty amazing, backing up to the major averages, it was an extraordinary day considering we open lower, but midmorning we were sharply lower. it felt like it came out of nowhere come at the morning starting off slow, and then midmorning at midday those losses accelerated. 500 with itsd s&p worst day since february 8, and if you recall that was during the other p

caroline: "bloomberg technology's" mark bergen there. we know, companies, including alphabet, general motors, uber, and tesla, are investing billions of dollars to develop driverless technology. and loup ventures' gene munster believes humans should not drive, and that traffic and pedestrian fatalities will decline under autonomy. emily chang spoke with him on thursday. gene: this is going to take longer than people think to get to this self-driving world, but it is going to be a bigger change than people think, too. i look back to pictures of 1917. that is when horses were at the peak on the roads in new york city, the most number of horses. when i see a car today, i think of those, of those same horses. that is what you should think of when you see a car out there, is this is going change dramatically. but i want to get to your question. the reason why i think that this still is going to power forward, and we will see this autonomous future, is that ultimately, humans are not good drivers. every year in the u.s., 5400 people are killed

"bloomberg technology " is next. ♪ emily: i'm emily chang and this is "bloomberg technology ."uarrel , estimates of numbers. hat the chip maker's success for future -- means acquisition in the united states. plus, the f.b.i. warns that russian hackers are attacking e u.s. power grid, targeting some of the most sense for futu infrastructure. and walmart may have gone too trying to close the gap with am zofpblet details from the that accuses america's biggest retailer of cheating. to our lead. shares are little trading.fter first this puts pressure on the chip tan so continue its rowths after making an acquisition in the u.s. after dealt a serious blow. us, abigail doolittle. come not ome and quad -- com and quad com not happening. >> you're right about the deal non -- not happening. preannounced but even with that they beat the first but er earning estimates because of the preannouncement, is often the case on guidance. billion for their fiscal second quarter, plus or 75 million. 75%'re giving a range to up %.. the estimate of 64.3 the stock is down a little in afterhours. this

bloomberg technology is next.aroline: i am caroline hyde in london and emily chang is off today and this is bloomberg technology. silicon valley drives the losses on wall street as the nav ax falls the most in six weeks. we are taking stock of the tech driven selloff. facebook is leading the drought. we bring you the latest. heus, uber stops the baton autonomous car tests. first, face look returning with the worst performance of 2014 with $24 billion wiping out. this after the official neworking giant faces pressure from u.s. and european officials demanding answers to report for the political advertising firm that retained information of up to 50 million users without consent. the selloff sparked pressure on the tech stock today. in one day there both the one-month rally for it. reporter: it is pretty amazing, caroline. it was a pretty extraordinary day, considerably opened up lower this morning started off with slow trade. midmorning and midday, those losses accelerating. than 3%,q, down more the worst day on th

"bloomberg technology" is next. ♪ chang, and this is "bloomberg technology."n sixdrop the most weeks after president trump takes his biggest shot yet at china. with zero in on the markets and the trade war brewing between the world's two biggest economies. mark zuckerberg broke his silence, but did wednesday's mea culpa go far enough? our continuing coverage of the cambridge analytica debacle. the increasing scrutiny on autonomous driving technology in the wake of the fatal crash in arizona. we will get perspective on the road ahead for driverless cars from gene munster. we want to start with some quick breaking news on dropbox. the company pricing its ipo at $21 per share, above the expected range. trading begins tomorrow on the nasdaq. we will be there live with our very own alex barinka. alex will join us later in the show to talk about what his -- what to expect. first, i want to talk about the massive market selloff we saw in thursday trading. president trump has talked about getting tough on china both as a candidate and now as commander in chief. on thu

"bloomberg technology."oming up, broadcom blows away estimates of quarterly numbers across the board. what the chipmaker's success means for future acquisition in the united states. plus, the fbi now warns russian hackers are attacking the u.s. power grid, targeting some of most sensitive infrastructure. and walmart may have gone too far trying to close the gap with amazon. details from the whistleblower's court case which accuses america's biggest retailer of cheating. to our lead. first, broadcom shares are little changed in late trading after reporting first-quarter earnings in line with analyst estimates. this puts pressure on the chip maker c.e.o. hock tan to show how the company can continue its a growth spurt after the ability to make an acquisition in the u.s. was dealt a very serious blow. joining us to break down the earnings, abigail doolittle. so broadcom and qualcomm not happening. what do the results tell us? >> you are right about that deal not happening. that puts all the focus on these resul

more from "bloomberg technology" next. ♪ emily: this is "bloomberg technology".f cloud content management got big news when ox announced it will file for an ideal, and one company that began is rival company box. shares went down and then pick back up in the last couple of days, and for recent results, i want to welcome the box ceo and cofounder. the last couple of days have been better, but there's concern about competition and concern about dropbox decelerating growth. what you have to say about that? >> i will clarify as much as possible. q4 by all accounts was strong. we did 136.7 million in revenue and analyst numbers were exactly that number, and that is the range we got into. with over 13 million in cash flow, so a strong quarter overall and it boxes what box looks like, one of the largest customers in the market, major banks and government agencies -- we did 70 deals of over $100,000, and what ended up happening is that it to a decelerate rate of 2019, and that was lower than analysts expectations, hence the pressure on the stock. the reason for this is w

that does it for bloomberg technology. check us out on twitter. that is all for now. mberg. ♪ yvonne: welcome to "daybreak asia", the president fires a nafta warning unless the u.s. wins a deal he wants. betty: and i am betty lou where york onst 6:00 a new this monday, and investors think the tough talk is not or to translate into concrete action, and controlling china, critics

"bloomberg technology" is next. ♪ emily: i'm emily chang. and this is "bloomberg technology."cks surged to cap off a wild week for the market. we discussed how big companies fared in the first quarter of 2018. political risk -- taking a bite out of amazon. president trump suggests amazon should pay more taxes. will the white house take action? gopro is shipping its business into licensing technology. we will hear from ceo nick woodman in an exclusive interview. first, to our lede, stocks surged dramatically in the session with tech shares leading the way. it was another roller coaster session for u.s. equities. all the major averages rising more than 1%. the shortened trading week for u.s. stocks has come to a close after wild swings in the market in the last few sessions. mike reagan joins us in new york to wrap it all up. so, mike, what were the highlights -- the highs and the lows? mike: tech investors can breathe a sigh of relief today, especially for many of the stocks that have been the story stocks, the focus of attention this week. we saw, for example, amazon up 1.1%,

technology at weekdays. that is all for now. this is bloombergng is a paid presentation for the theraworx relief. >> if you are one of the millions of americans who suffer from muscle cramps in your legs and feet, relief is finally in sight. today i'm here to shared news that got me excited. it is called theraworx relief. this life-changing product is clinically proven to quickly relieve muscle cramps and

this is bloomberg. ♪ emily: i'm emily chang and this is "bloomberg technology." ets a cash infusion from softbank. joins us this hour. mark carney crackdown on cryptocurrency. he didn't mince words on bloomberg today about holding the be -- the currency ecosystem mark hamill. amazon i've deeper into music with alexa playing dj. the industry could hit $41 billion by 2030. in the massively competitive food delivery space, doordash got a big leg up. softbank's vision fund is leading an investment in the san francisco-based company. on company is taking bloomberg eats, post mates, and other competitors. tony, great to have you. that is a lot of money for start up. what you think justifies this cash? tony: the investment matches the size of the ambition and opportunity. there's over $200 billion in take-out sales every year, and only 5% is online. 95% customers are placing orders through phone call or walking by a store. our goal at door -- is to serve those companies -- our goal at doordash is to serve those companies. will see us invested in three primary areas, buil

that does it for bloomberg technology. a reminder that we livestream on twitter. n weekdays. that is all for now. this is bloomberg. ♪ ♪ >> uncertainty over tariffs and job driven gains and investors rating,the inflation the cost of immigration in the long-running economic expansion. betty: nds

that does it for this edition of bloomberg technology. check us out on twitter at 5 p.m. san francisco. that is all for now, 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. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: the following is a paid presentation for lifelock, a leader in identity theft protection. what happens when a thief steals your identity? it happens to millions of americans. we asked people to share their stories of identity theft. >> someone had opened up five or six credit cards in my name. i didn't know whether it would affect me getting an apartment

"bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology" and stocksecover from last week's events and we break down the biggest movers. federalbook is under investigation and trying to weather the storm. mark zuckerberg's keeps lawmakers and advertisers happy. and uber agreed to sell operations to a local rival and will discuss the return in the global plans for the world's biggest startup. but to our lead, u.s. stocks surged from the weekly route in two years with major benchmarks climbing 2% on the escalations of trade tensions beginning to ease and shares of microsoft than 10% and other tech firms like amazon and apple also pulling ahead. for more we get to abigail doolittle in new york. abigail, walk us through the comeback. >> what a day for the major averages and stocks with a from selling pressures especially last friday, and today the buyers were out and buying the debt, encouraging that for the near-term ager averages and the nasdaq opened and a little bit positive today, and in steadily climbed on late morning and steadily climbing in the la

"bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology."oming up, the broadcom blom shout -- broadcom bombshell. why it went all the way to the white house and why it failed. coming up, the broadcom blom plus, tillerson's out at the white house, and tech loses a strong advocate for diplomacy. what the firing means between the property fight -- intellectual property fight between beijing and washington. the gig -- caps economy, allowing owners to rent out their cars. it was supposed to be the biggest tech takeover ever, but now it is dead. the hostile takeover of qualcomm has been blocked by president over, citing concerns security. saying there is credible evidence that leads me to believe that outcome acquiring qualcomm might take action that threatens national security of the united states. what happens now? i want to welcome back ian king, who has been following this deal for months. and, brooke sutherland, who covers industrial companies. ian, how sudden and unusual is this? ian: yesterday we were talking about how it might drag on, bas

technology weekdays 5:00 p.m. in new york and 2:00 p.m. in san francisco. that is it for now. this i bloombergs. ♪ retail. 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. yousef: stocks surged as trade continues. asian markets are flying this morning followed along for the strongest day for u.s. equities. ausef: theresa may hails global response against moscow for the poisoning of a former spy in britain. manus: a ronan: exclusive. ipo anddefends the skepticism grows. yousef: the cleveland fed chair gives her explanation of what

this is bloomberg technology.he fallout spreads that revelation that cambridge analytica had access of millions of facebook users. cambridge analytica is now suspended its ceo and we cover all the angles of the story throughout the hour. gone global, officials in the u.s., u.k., and europe focusing to take action. meanwhile the criticism is only growing over facebook's response. why haven't we heard from mark zuckerberg and sharon sandberg? now the market continues to struggle amid the facebook turmoil and a large tech selloff. face back has wiped out gates for the entire 2018 plunging as much as 13% in the past two days. for more let's bring in abigail doolittle. 45 billion dollars in market cap. abigail: and it is still evolving, and if we take a look at the heart of the matter, image analytic had access and retained data on facebook users -- 50 million users without their permission. facebook learned of this back in 2015 and they did not do anything to tell those users or to secure the data. facebook is saying

great to have you on "bloomberg technology."k to us about how much trade and investment you are managing to her in from big tex into london. have you found any big deal is yet? >> we are here for two purposes. one is to bang the drum for the u.k. tech sector and particularly london's tech sector. london is a city of convergence with over 40 tech sectors located there from artificial intelligence to cleantech, financial capital, obviously of europe. secondly, we are here to discuss smart cities, how we use data to make london a more livable place and also open up opportunities for business. those two things together, we are over here supported by our team in london and partners which helps brings businesses to the u.k. and helps them start of their and deal with regulations. a few things make this a great opportunity for us. caroline: anywhere on the regulation or in particular brexit? theo: with brexit, you have the mayor of london, who has the biggest political mandate in the u.k. history who is banging the drum for the tech se

and "bloomberg technology" with emily chang is next. ♪ emily: i am emily chang and this is "bloomberghnology." coming up, that amazon agenda. our deep dive into the ever-growing footprints into e-commerce and the industries in its crosshairs. plus, hey big spender. blows $10.7 billion in just a few years. the cash burn for the world's most valuable startup. and boxed shares take a beating. but first to our lead. of the state stock of amazon, from its ballooning e-commerce and cloud businesses to newer forays into groceries and hardware. in amazon announced a health january, care venture with j.p. morgan chase and berkshire hathaway. in february they acquired ring, and now in march amazon is looking into providing customers with checking accounts and announced it is expanding whole foods deliveries to prime customers in more u.s. cities. how do these announcements fit into the complex amazon operation? for more, i want to bring in our , whoberg executive tech also wrote the book on amazon. how does this all fit into -- together, under the umbrella of amazon operations? >> everything yo

this is "bloomberg technology."ing up, zuckerberg breaks his silence after facebook's muted response to the cambridge analytica fallout. our deep dive into the crisis mode at the social media platform. plus musk gets his money. , shareholders approve a compensation package. $2.6 billionwe will map the road to a potential $50 billion in executive pay for the tesla founder. tencent doubles on profit and revenue is up 50%, but celebrate the good news with a warning. we will look at the latest earnings report as asia's most valuable company. first to our lead. facebook is in the midst of its biggest controversy to date, following reports the personal data of 50 million users was obtained by an analytics firm that helped elect donald trump. lawmakers and regulators in the u.s. and u.k. are scrutinizing the social media giant whose , shares have dropped dramatically since the news broke on march 17. meanwhile, ceo mark zuckerberg broke his silence. in a facebook post zuckerberg wrote "we have a responsibility , to protect

>> you are watching bloomberg technology and here is a check of your first word news. white house communications director hope takes is stepping down. she reportedly had been considering resigning for a month. her resignation comes a day after she testified before a house intelligence panel, telling them her job required her to sell white lies. president trump wants congress to put a number of gun safety measures into a senate bill that would increase background checks. telling members of congress that "you have a different president now," mr. trump pointed to the failure of previous administrations to address gun violence. president trump says the u.s. will use all available tools at its disposal to prevent china from undermining global competition. the remarks come as the u.s. weighs a series of potential trade actions against china. new york's banking regulator reportedly has given deutsche bank and a couple others until march 5 to respond to requests to provide clarity on the business relationship with president trump's son-in-law jared kushner. the department of f

"bloomberg technology" is next. ♪ emily: i'm emily chang. this is "bloomberg technology."ake it happen tech shares -- megacap tech shares continue their fall. full coverage of the market selloff ahead. still the facebook crisis continues to spread. details on why the company is delaying a new hardware debut. the president's plan to keep chinese influence from dominating the tech sector. first, to our lede, volatility continues to grip big tech stocks. tech was once again the main laggard in the u.s. markets. on this day, amazon, netflix, and tesla stood out as three of the biggest losers in wednesday's session. we have to break down the numbers. hyde.egan and caroline mike, i want to start with you. walk us through the biggest winners and losers today. mike: like you said, amazon took center stage today after it was reported that president trump is -- might be targeting them for some sort of antitrust action. if you look at the nasdaq 100 especially, amazon is such an influential stock for that index and the s&p 500, of the nasdaq today,9 point drop amazon accounted for al

. ♪ emily: i am emily chang and this is "bloomberg technology." giant cash infusion from softbank. the ceo joins us this hour. mark carney cracking down on cryptocurrency. he did not mince words on bloomberg today on holding the currency more accountable. amazon does deeper into music with alexa playing dj. a rise in the industry that could hit $41 billion by 2030. to our lead. in the massively competitive food delivery space, doordash just got a big leg up. softbank is leading an investment in the san francisco-based company. the company is taking on bloomberg needs and a cast of other competitors. joins usceo tony xu for a first on bloomberg interview. great to have you. that is a lot of money for a start up. what do you think justifies this kind of cash? the: the investor matches size of the ambition and the opportunity. billion that $200 happens in restaurant takeout sales. 90% of the time, the customer is still placing an order with a to theall or walking in store. our goal is to serve those customers and also go beyond restaurants emily:. how

all episodes of bloomberg technology are now live streaming on twitter. check us out at 5:00 p.m. and 2:00 p.m. in san francisco, this is bloomberg. ♪ ♪ >> welcome back to the best of bloomberg technology. back to our coverage of international women's day. diane greene has been ceo of google cloud since 2015. it is a big job. advisorr, technical eric schmidt said that invested $30 billion on cloud services. we sat down with her and got started by asking how she made the jump from this to her current role and google. >> i was in the background, helping. as i got more involved to learn what was involved in terms of him and the phenomenal him infrastructure and secondly, just to realize what a big deal is the crowd is, i knew it was a big deal but it is profoundly you think about this as a place where everybody in the world can share and that the whole world is going digital and being connected to all of these mobile devices and centers and you can make is available to anybody to use and mark ties technology through it. him anyhow, it was really exciting to meet more into it i got and

. ♪ emily: i'm emily chang and this is "bloomberg technology." gets a cash infusion from softbank. joins us this hour. mark carney crackdown on cryptocurrency. he didn't mince words on bloomberg today about holding the be -- the currency ecosystem mark hamill. amazon i've deeper into music with alexa playing dj. the industry could hit $41 billion by 2030. in the massively competitive food delivery space, doordash

beijing holding off on adding to the retaliation list. ♪ emily: this is "bloomberg technology." chang. u.s. stocks posting dramatic losses in thursday's session as fears grow of an escalating trade war between the u.s. and china. tech stocks, not immune to the selloff. our bloomberg news stocks reporter abigail doolittle joins us with more from new york. we know facebook. we know trade. dig a little deeper for us on what drove the negative sentiment here. abigail: i feel i say this often when i speak, but another extraordinary day for the equity markets here in the u.s. i say that because the major averages opened lower, big declines on trade war fears, on the news that president trump was likely to put into place those $50 billion worth of tariffs to china. we traded lower in the midmorning. another piece of the uncertainty, the d.c. drama. john dowd trump's top lawyer for , the special counsel investigation, resigning, throwing markets into a bit of a tailspin. when president trump signed those tariffs, a little relief, than a selloff. it speaks to the level of uncertainty we a

parenti, this is bloomberg and more of "bloomberg technology" a straight ahead. ♪ caroline: this is bloombergy and i am caroline hyde in for emily chang. the big tech news that intel is considering a bid for broadcom. alex went is still with us -- talk to me about this, it is a huge deal. $100 billion -- we are seeing the reaction in our trade, it is up almost 5% on this news. >> if you want to assemble the pieces together -- the data in pcs and weak immobile, in a lot of ways it would give mobile exposure. wiredre not existent in connections, so broadcom -- this is their strength. -- if you want to assemble pieces of the high and make a conglomerate of the chips in different sub sectors. pcs --nter computing and this would be the logical combination. there are obviously regulatory pitfalls and this would be an enormously complex deal to get through the market. there are equity components involved here, but the pieces of the puzzle seem logical to assemble. whether there is appetite in the market for this from intel shareholders remains to be seen. caroline: remind us of the merry-go-round go

caroline: "bloomberg technology's" mark bergen there. now apple, tesla, and other companies are investing billions of dollars in driverless technology. they say traffic and pedestrian fatalities will decline. emily chang chat with him. a long time, but too.ll be a bigger change, i looked back to pictures of 1917 come up with horses for the peak on the roads in 1917. what i see a car today, i think of the same forces. that is what you should think of when you see a car out there. this will change dramatically. i wanted it to your question, the reason i think that's what power forward, and we will see this on this future, is that ultimately humans are not the drivers. -- good drivers. in the u.s., pedestrians are killed by cars. areher 1000 bicyclists killed by cars, and that rate has been increasing. increased by 11% last year. that is the biggest increase they have had since they were keeping records for the last 30 years. something is fundamentally wrong. i want the big picture to be on the table. just to talk a little bit about tempe --

that does it for bloomberg technology. check us out on twitter. that is all for now. mberg. ♪ manus: good morning from bloomberg's new european headquarters in london. nejra: these are today's top stories. manus: gary cohen is set to some incorporates to the white house. global stocks rally over policy ease. nejra: italy's president faces critical talks before nominating the next prime minister. could the country be on course for fresh elections? the lack of shell assets is not a hurdle to making profits. >> i think t

and bloomberg technology is livestreaming on twitter. check us out at 5:00 p.m. new york in 2:00 p.m. in san francisco. this is bloomberg. ♪ emily: sxsw is in full swing, attending the tech conference as the mayor of london drums of business for his city. he had stern words for companies like uber, saying they have to play by the rules if they want to do business in london both. they also explained why london is the place to be when it comes to technology. sadiq khan: there are a number of reasons why startups, tech giants come to london. one of the main reasons is access to talent. we are invested in the next generation and have the skills for the jobs of tomorrow. second is the capital. london is the cultural capital of the country, political capital and financial capital. thirdly, our ecosystem. the proximity of culture, creativity and tech, politics, politicians, regulators and finance means -- explains why 40% of the world's companies have the european headquarters in london. 40%, number two by the way, is paris with 8%. so, london is a great city to start u

more from bloomberg technology next. ♪ caroline: this is "bloomberg technology."facebook and broil do its biggest controversy over the exposure of personal data from millions of customers to cambridge analytica. the news wiped billions from the social media giants market cap, while the price stabilized today . headline risk is not going away. we are joined by brian, an analyst. , an analyst with the opposite view. welcome both of you. brian, i will start with you. yourmic mismanagement is worry. how will this hit the business from the mental -- fundamentals? >> i saw it accelerating before all of this. was becauseor that i think most of wall street was a ignoring the limits to growth, advertisingital faces. they are ignoring costs that would be rising, and people are looking past this when you go beyond 2020. we had a lot of issues over the last 18 months that were concerning. we had advertising measurement at a reverse inability to take down inappropriate content when requested without a police report, a ton of other issues. selling illegal ads and not having pro

that does it for this edition of "bloomberg technology." we are livestreaming on twitter. ith days -- weekdays. that's all for now. 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. announcer: this program is a paid presentation for omega xl and is brought to you by great healthworks. ♪ larry: welcome. i am larry king. and i'm here to report on a significant health-related investigation that has been taking place for the past couple of years. the information i will provide you during the course of this show is relevant to everyone'

this is bloomberg technology.ing up the fallout spreads , over the relegation that firm cambridge analytica had access of information of millions of facebook users. cambridge analytica is now suspending ceo alexander nix. we are covering all the angles of the story throughout the hour. and a crisis has gone global. government officials in the u.s., u.k., and europe focusing in on the company and moving in to take action. meanwhile the criticism is only growing over facebook's response. why haven't we heard from mark zuckerberg and sharon sandberg? sandberg? now the market continues to struggle amid the facebook turmoil and a large tech selloff. facebook has now wiped out its gains for the entire 2018 plunging as much as 13% in the past two days. putting the stock below key support levels. for more let's bring in abigail doolittle. there goes in market cap. $45 billion>> it is extraordinary this story, and it is still evolving. we are in the early innings. if we take a look at the heart of the matter, cambridge inf

and a reminder that all episodes , of bloomberg technology are now live streaming on twitter. oomberg. ♪ ♪ 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: diane greene has been ceo of google since 2015. have invested some $30 billion on its cloud services. we sat down with her and asked about how she make the jump to current role at google. diane: i was in the background helping, and as i got more and more involved and got to know first what was available at google in terms of these phenomenal infrastructure and technology and engineering, and secondly realizing what it means and what a big glial -- and deal the cloud was. it was profound when you think about this was a place where everybody

more from "bloomberg technology ," next. ♪ ♪ this is "bloomberg technology."erage for international women's day. diane greene has been ceo of google cloud since 2015 and it is a big job. last year, alphabet's technical at pfizer said alphabet has invested some $30 billion on its cloud services. was ceo ande, she founder of another company. we asked her how she made the jump to her current world leading google cloud. diane: i was in the background helping and as i got more and more involved and got to know what was available at google in terms of the phenomenal ever structure and technology and engineers, and secondly, realizing what a big deal the cloud is. i knew it was a big deal, but it is profound when you think about this is a place where everybody in the world can share and the whole world is going digital and being connected to all of these mobile devices and centers, and you can, you know, kind of make this available to anybody to use, almost democratized technology. it was really exciting to me, the more into it i got. google have been talking to me a

you're watching bloomberg technology. the white house says president trump and theresa may spoke today and agreed on the importance of dismantling russians by networks in the u.k. and the u.s.. they also agreed to work together in preventing chemical attacks in both nations. a federal judge has ruled the district of columbia and maryland may proceed with a lawsuit against the president according to the washington post, which reports the attorneys general alleged the president's business dealings violated the constitution's ban on receiving improper payments from individual states and foreign governments. ,he president's campaign aide rick gates, communicated directly with a man he knew was a former russian spy a month before the presidential election, according to a court filing by special counsel robert mueller. the european union is making plans to improve military mobility among its member states and heavyequipment machinery like tanks to move across the continent faster. member states will look at where the bottleneck

emily: that does it for this edition of "the best of bloomberg technology." hen we bring you top female voices in technology for international women's day. 's meghan joyce and ellen pao, just some of the fantastic voices we have lined up for you. tune in at 5:00 p.m. in new york, 2:00 p.m. in san francisco. and remember all episodes are , now live streaming on twitter. that is all for now. this is bloomberg. ♪ ♪ rosalind: coming up on "bloomberg best," the stories that shaped the week in business around the world. the fed's new chairman speaks on capitol hill and investors are listening closely. >> there is no doubt he is reassessing, rethinking the policy path. >> he is basically saying we can absorb what you are throwing at us right now. >> there is a back-and-forth on brexit that clouds the future of negotiations. >> and neither of us can have exactly what we want. >> samsung rolls out a new galaxy to compete with the apple x. comcast looks to outfox disney is a bold bid for sky. >> thaes

for this edition of bloomberg technology. check us out. that is all for now. this is bloomberg.eekend. announcer: the following is a paid program for perricone md. it is the first of its kind treatment that can actually help you most. posted by courtney thorne smith and featuring one of the most dramatic before and after photos you have ever seen. >> don't change the

remember, all episodes of bloomberg technology are live treaming on twitter. check us out weekdays. is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. carol: welcome to "bloomberg businessweek." i'm carol massar. jason: we are inside our headquarters in new york. carol: what is new about the leaders on wall street. jason: plus, the hottest local economies across the country. carol: and amazon hitting its prime. jason: all of that is ahead on "bloomberg businessweek." ♪ carol: we are with the editor in chief of "bloomberg businessweek," joel webber. and a very timely story that looks at succession planning

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

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