you the best interviews from the week at the highlights from the conference with the best of "bloomberg westis bloomberg. ♪ cory: welcome back to "bloomberg west." a."re on "series david is here and hans tung. david, we talked about the are doinging that we and looking at acquisitions in the u.s. we have seen take multibillion-dollar deals. they go beyond hiring a local sales staff. that wees, i think talked earlier about access to technology and the fact that they want to grow globally. and i think there is also a factor where silicon valley is still very an attractive place to invest. and i think a lot of chinese companies, there is a lot a financial perspective and they realized that now that they have experienced their own tech success, and they know what cutting edge is now, they actually have decent eyes to figure out what company they could make money. u.s. businesses are looking to do business in china, investing or beyond, the relationship with the government is so peculiar, in china, compared to anywhere else in the world. what is the relationship like today, in contrast to what it

you're watching "bloomberg west." bob corker has taken him out of consideration to be donald rump's vice presidential running mate. that deprives the establishment who would haveve ticket.perience to the and iowa senator ernst also appears to be dropping out of contention. the conservative star says she'll still help jump, just from the senate. meantime hillary clinton is expanding her college cost plans. proposing to eliminate public tin state tuition for students whose families make than $125,000 each year according to an aide. wants a three-month moratorium on student loan payments. a proposal to appeal to sanders supporters. resident obama says u.s. troop withdrawals from afghanistan will slow down. take a listen. >> instead of going down to troops by the end of this year, the united states will 8,400 in approximately troops in afghanistan into next year through the end of my administration. the president says security in afghanistane remains "precarious and the taliban is a threat." global news 24 hours a day owe

"bloomberg west" is next. ♪ ♪ emily: i am emily chang, and this is "bloomberg west."ebook blows past second quarter earnings estimates thanks to a surge in mobile ads. i spoke to sheryl sandberg about how they keep it up. plus, t-mobile ends a winning streak in monthly subscribers but beats on the rest. cfo.uld hear from their and the explosion in health tech. facebook shares soaring after hours, up as much as 8% as facebook beat on sales, profit, monthly, and datily active users, getting a big lift from what mark zuckerberg has called "the golden age of online video." i spoke to sheryl sandberg about video driving engagement on the social network. the explosion of video on the platform is great for consumers and great for our business. if you think about all the new formats, and a lot of them are video, like life, but also -- live, but also recorded video and 360 pictures. these are contribute into our time spent metric. emily: the time spent on the platform is paying off. facebook now has more than 1.7 billion monthly users, and two thirds of them use facebook every

emily: i'm emily chang and this is "bloomberg west. is tesla facing an investigation by the sec question mark we will ask what is going on and who knew what the autopilot crash. pokemon go is sending nintendo stocks soaring. does it open a new chapter for japan's story gaming company? and facebook slapped with a lawsuit for a billion dollars in damage, new questions about how platforms should monitor can vacation. tesla shares under pressure after hours with the dow jones reporting the sec opened a probe into tesla after the company failed to disclose a crash apparently caused by the autopilot feature before elon musk and the company sold shares. a tesla spokesperson said tesla has not received any communication regarding this issue for our blog post provided relevant information about the issue. i want to turn to cory johnson -- there's a lot happening. and i was on vacation, so fill me in. three separate accidents? in threeee accidents states. the issue at heart is that tesla did not make a disclosure about the accident itself when t

"bloomberg west" is next. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org emily: i am emily chang, and this is "bloomberg west." coming up, the roger ales era officially ends at fox news. we will break down the story behind this extraordinary exit. plus, the tech earnings parade continues. e have reports from paypal and pandora. donald trump takes the stage tonight at the republican national convention. we will preview his speech and analyze the thinking behind the endorsement. first, for our lead. roger ales is officially out. he has resigned after sexual harassment allegations by a former anchor. rupert murdock will take over the network for now. the company confirmed the extraordinary changes in an e-mail tade. shared my vision of a great and independent television organization and executed it brilliantly over 20 great years. ailes will become an advisor to murdock. joining us is lucas shaw from our l.a. bureau. this hap

see the secret life of pets in theaters july 8th. >> you're watching "bloomberg west." let's begin with a check of the bloomberg news. first president obama landed in poland just minutes ago. he'll in warsaw for final nato summit on the agenda the middle east refugee crisis, global terrorism and russian aggression as well as challenges troubling the administration. that summit begins tomorrow. back here in the united states donald trump met with house republicans with some members hopeful he can unify the party. others stayed away and one congressman who did attend called to reaction to trump, muted. as much as 60 women in puerto rico are becoming infected with the zika virus. the heat in june was a record breaker for the united states. it was the hottest june since recordkeeping began back in 1895. the first six months of this year were the third warmers on record. every single state in the nation warmer than average. global news 24 hours a day. this is bloomberg. this is after 6:30 p.m. thursday here in new york. 8:30 friday morning in sidney. i'm joined by paul allen

you are watching "bloomberg west." "bloomberg your first word" news. tactics was combat among the items discovered. the suspect was discovered after an explosion. 10 states in the u.s. government seek to honor -- overrule -- the states include nebraska where a lawsuit was filed. the state department says the u.s. expelled two russian officials in response to an attack on an american diplomat in moscow last month. the man was attacked by russian policemen outside the u.s. embassy. a state department spokesman says the attack was unprovoked. russians claim the man was a cia agent and refused to provide identification. nato says the deployment of troops in four european countries is an open-ended commitment that will last as long as necessary. nato says it has tripled the size of its response force. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. "bloomberg west" is next. cory: i am cory johnson. this is "bloomberg west." america reeling from a night of violence in dallas. five

"bloomberg west" his next. emily: i am emily chang, and this is "bloomberg west." investors are dumping netflix shares after reporting its lowest subscriber growth in years. can it recover? we will break it down. softbank throws down its biggest gauntlet yet, a bid for arm. what the deal means for semiconductors. chuck robbins speaks to us about brexit, m and a, and whether or not he is backing donald trump. netflix plunging after hours, down 15% on disappointing earnings. subscriber growth dropped with only 1.7 million new subscribers this quarter. reed hastings says it is due to price increases, not market saturation. >> with new members, we have not seen any effects. we changed our prices last october. we have had a couple quarters of great growth. this is around change resistance. whatever the price is for something, people do not like it to go up. but the new pricing is working great. emily: netflix is seeing sales and profit growth from fast-growing international markets. what are investors looking for? i want to bring in cory johnson and paul dergarabedian o

>> you're watching "bloomberg west." let's start with a check on your bloomberg first word news. president obama and would-be successor hillary clinton are campaigning in north carolina. president obama: there has never been any man or woman more qualified for this office than hillary clinton! [cheering] president obama: ever! >> likely g.o.p. nominee donald trump is also in north carolina. he is in raleigh today. the f.b.i. recommends no charges be filed against hillary clinton for use of a private e-mail server as secretary of state. f.b.i. director comey said clinton and her aids were -- and her aides were careless but there was no intentional misconduct. theresa may is in the lead to proceed david cameron. and in south africa, double amputee olympian oscar pistorius may return to prison for murdering his girlfriend three years ago. prosecutors are asking for 15 years. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 21 countries. this is bloomberg. "bloomberg west" is next. cory: welcome to "bloomberg west." coming up, tesla feeling

bloomberg west is next. ♪ >> i'm corey in for emily chang. this is bloomberg west.oming up, we'll look at brexit and a technology edition. plus, oracle slammed with a major one. this could cost the company billions for breaking a promise made to hewlett-packard. we'll explain. and no longer just for billionaires, we're going to take a look at the founders, reaching for infiniti and beyond. the brexit vote left the world reeling. standing by is oliver to recap the highlights of a crazy, crazy week in trading. >> indeed it was, corey. thank you. a little bit wild today, especially given that we had such a big move really throughout the entire week. i'm going to jump right in. this is a great function on bloomberg, just to kind of capture what's been going on. the grr returns. these are the first-level s&p index, grr, on bloomberg. this is basically going to show you everything that moved this week. first thing that pops out is telecoms, staples. investigators continue to go to places that they perceive as being sort of -- maybe not safe but at least giving you a bette

oft does it for this edition "best of bloomberg west." erg. >> welcome to "bloomberg businessweek." thehis week's issue, why dnc did not listen to security consultants. >> will oculus swallow facebook? >> and more. >> all ahead on "bloomberg businessweek." >> i'm here with alan pollack, the editor of bloomberg businessweek. let's talk about the story in the global e-commerce session. germany has opened its doors allowing refugees into the country. you look at the economic implications. >>e

emily: this is "bloomberg west." i'm emily chang.for our weekly roundtable where we explore themes in tech investing. we hear a lot about moon shots but what do we know about them? often veiled in secrecy and development three years -- think flying cars and solar planes and the hyperloop. what does it take to fund them and which ones will breakthrough in our lifetime mark joining us is a futurist and nana biologist, partner on the next human genome project that aims to build a human genome in the lab. kurzweil whothan made early investments in companies including switch and para scope. thank you for joining us on such an exciting subject. i want to start with a broad weston -- why invest in moon shots? guest: they can change the world and make the world better place. they can change people's behaviors and make people's lives better. intractableve the problems of humanity. why wouldn't you want that? something i was thinking about on the way here -- we had a rough week in this country in terms of race relations, getting along and some

you are watching the "bloomberg west." we begin with a check of your first word news. president obama traveled. to dallas, texas today where he met with the families of the five officers killed in last week's ambush. he discussed the burdens placed on officers in the line of duty. president obama: from the moment you put on that uniform, you have answered a call that at any moment, even the briefest interaction may put your life in harm's way. >> the white house says they violence a hate crime. bernie sanders has endorsed hillary clinton for president. the two former rivals appeared together in new hampshire today. theresa may has less than two days to build a team to rescue the u.k. from its worst little -- political crisis in more than a decade. she replaces david cameron as prime minister tomorrow. china is calling a landmark ruling on the south china sea null and void. the hague has ruled china has no rights to the resources within its borders. china claims territorial rights two more they can 80% of the south china sea. global news 24 hours a day powered by more t

"bloomberg west" is next. emily: i'm emily chang and this is "bloomberg west." microsoft on cloud nine after exceeding analysts estimates. the field narrows in the race for yahoo!. newshe longtime ceo of fox , roger ailes, who built the news in to the most-watched is now in a negotiation to leave his job. microsoft flying high on the cloud with shares hopping in after-hours trading. the company reporting fourth-quarter profits and sales that topped analyst estimates. revenue of 2% from the same quarter last year. the ceos aggressive push into software and services is going -- bullying revenue. here with us to dig into the numbers are cory johnson and joining us from washington, frank gillett, research analyst. let's start with the cloud. what is doing these numbers? cory: the business is growing at a superfast pace, even faster and amazon us web services this comes at the same time it the same time the pc business is tanking. thought microsoft would continue to plummet along with them. but if you look at the intelligent cloud -- emily: it's a smart cloud. cory:

that does it for this edition of the best of "bloomberg west." tune in monday for our exclusive interview with chuck robin. tune in 3:00 p.m. pacific. this is bloomberg. ♪ ♪ it is not :00 a.m. in sydney, australia, the first major open across the region. china june property prices later this morning. this is "daybreak asia". ♪ 6000 arrested, almost 300 killed, turkey's president promises a new era after the failed military karen. >> investors

"bloomberg west" is next. ♪ emily: i'm emily chang and this is "bloomberg west."lphabet shares getting an after-hours bump. we will break down the numbers are eight amazon seeing double-digit revenue gains after record sales of fire tv. a 59% surgedline, in revenue from its cloud business. another day, another -- another multibillion-dollar tech takeover. lead tradeur alphabet shares gaining after-hours as googles. company proves its dominance in mobile advertising. sales, excluding some payments to partners, rose 22% to more than $17.5 billion. one of the benefits of the alphabet reporting structure is that investors have a better moon shots are doing, things like this all driving car, science research. the so called other bits $859 for the--$859 million quarter. the numberso put into perspective, forrester research vice president frank gillett and crawford del pratt. there have been questions over the last several years about google's transition and ability to transition to mobile. as the company effectively put those questions to rest? >> they have done a reall

you're watching "bloomberg west." the pentagon announced today that transgender people will be allowed to serve openly in the u.s. military. >> our mission is to serve this country and we don't want barriers on related to a person's qualification to serve preventing us from recruiting or retaining a soldier, sailor, airman or marine who can best accomplish the mission. mark: the house armed services commission mac thornberry accused the obama administration for prioritizing politics over policy. turkey has made more than a dozen with connection with this week's deadly triple suicide bombing at instant bowls airport. -- istanbul's airports. senators have written to secretary john kerry expressing concerns about a political crisis in bahrain. speaker paul ryan says the house will act next week on a terrorism package that he is a provision to prevent suspected terrorists from buying guns. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is

that does it for this edition of "best of bloomberg west." you the latest in tech throughout the week. this is bloomberg. ♪ ♪ erik: coming up on "bloomberg best," the business stories that shaped business around the world. yahoo! sale finally goes forward while european banks reverse a downward trend. >> the sentiment is really bad, valuation is really bad. and the results are really bad. >> we have been very consistent in saying we do not need to risk capital. erik: the fed continues running in place while japan takes more steps down the stimulus path. >> they had to do something. they did the bare minimum. erik: from tech to pharma to autos to oil, earning reports come fast and furious. >>

emily: this is "bloomberg west. emily: this is "bloomberg west. coming up, amazon and facebook neck and neck with berkshire hathaway. to dominate the world's most valuable companies. we'll bring you all the latest numbers. one more tech i.p.o. for the books. we sit down with a data tech company after shares topped at 45% out of the gate. and will russian hackers help donald trump get hold of hillary clinton's missing emails and in on what the republican nominee's comments mean for cyber espionage. and amazon and facebook moving into the top five companies with the largest market cap. exxon mobil was at the top. five at the close of trading and bumped apple, amazon and facebook reported strong quarterly earnings. we have chief analyst with us and our stock market reporter. oliver, i know you have been following these companies. consider closely this week. when it comes to the stocks, which moves were the most interesting when it comes to the top four tech companies? >> it's tech. right, why i'm here, because we're talking tech, and that was an inte

"bloomberg west" is next. emily: coming up, japan's leading messaging app debuted at the new york stock exchange. details ahead on the first day at the market. plus, victory for microsoft in ireland. an appeals court said no to an attempt to access a drug suspect 's e-mail. we will get more information on what the court decision means for data security here in the united states. a new set of digital eyes for the outdoors courtesy of nest. company had of hardware tells us why the new camera will change the game. first, to our lead. japan's leading messaging at its a warm welcome at the new york stock exchange with shares surging in the company's first-day day of trading after the company priced 18% above initial estimates. spoke to the cofounder and ceo and began by asking how they deal about the investor response. first of all, obviously, we are very happy with the initial response from investors. we are going to focus on investing and strengthening our service. service is everything to us. that he: you are th

that does it for this edition of the "best of bloomberg west." you all the latest in tech throughout the week. tune in on tuesday when we hear from roger. this is bloomberg. ♪ ♪ >> it is 8:00 a.m. in tokyo. first major markets open after investors disappointed by japan's stimulus. this is "daybreak asia". ♪ dealing with debt, preparing to sell assets to lift its credit rating above junk. >> chinese investors buying caesars online gaming unit in a $4 billion gamble on mobile. >>

that does it for this edition of the "best of bloomberg west." you all the latest in tech throughout the week. tune in on tuesday when we hear from roger next to me. this is bloomberg. ♪ ♪ narrator: the challenges facing our world are growing all the time. how do we build stronger economies with equal opportunities for all? how do we build a sustainable world for generations to come? how do we protect our cities and harness the power of technology for our common benefit? humanity has always been good at forward thinking. in this series, using the latest bloomberg research and analysis, we will make sense of the problems of tomorrow,

mark: you are watching "bloomberg west." german police are warning people to stay indoors as they hunt for the gun man who opened fire at a munich shopping mall. eight people were killed, several wounded in a rampage authorities described as suspected terrorism. a ninth body near the scene is being examined to see if it is one of three gunmen who carried out the attack. president hollande says that france will loan artillery to iraq. he's moving an aircraft carrier to the region. speaking in paris, president hollande pledged to act "firmly against terrorists." the highest court in france has ruled that christine lagarde will have to stand trial in the case stemming from her time as france's finance minister. she is accused of negligence that pave the way for massive corruption of government payout to a tycoon. virginia senator tim kaine is emerging as the leading contender to join the democratic ticket as hillary clinton's running mate according to two democrats who both cautioned that mrs. clinton could still change directi

emily: that does it for this edition of the best of "bloomberg west." bring you the latest in tech throughout the week. tune in for a full analysis at 6:00 p.m. this is bloomberg. ♪ carol: welcome to "bloomberg businessweek." an cracks down in turkey. hillary clinton's foot soldiers. inid: all that and more "bloomberg businessweek." carol: we are here with the editor of "bloomberg featureweek." the story on turkey. a crackdown on journalists and teachers. >> this is a story we ha t

that does it for this edition of the best of bloomberg west.you the latest in tech throughout the week. tune in with our exclusive interview. ♪ >> we're in new york. >> the power of facebook live. the realignment of the american political parties. >> all that is ahead on bloomberg businessweek. ♪ with the are here editor bloomberg businessweek. when your opening remarks the reporter argues that brexit will not stop globalization. we are seeing is trade ties deepening. >> the argument is that

we are joined by bloomberg west anchor emily chang in san francisco.tant -- is a big plan and it involves four vehicles. been: elon musk has teasing his second part of the master plan for the last couple of days on twitter. the first master plan came out in 2006. this is really supposed to guide the future of tesla for the next decade. he has proposed four new vehicles. one, a big commercial truck which he calls a tesla semi-, a pickup,ving minibus, a and a small suv, or the model y. these would all cannot after the model three. the other interesting part of this plan is, once these cars are fully autonomous, he proposes making them all part of a shared fleet. your tesla and you can make money while you are not driving it. he says this will enable almost anyone to own a tesla. the argument is that cars are only used about 10% of the time in actuality. autonomy, this is an issue that regulators are looking into after the death in a big accident involving a tesla driving on autopilot. musk is undeterred. he says teslas r logging 3 million miles on autopi

that does it for this edition of the best of "bloomberg west." tune in monday for our exclusive interview with chuck robin. tune in 3:00 p.m. pacific. this is bloomberg. ♪ ♪ narrator: the challenges facing our world are growing all the time. how do we build a stronger economy with equal opportunities for all? how do we build a sustainable world for generations to come? how do we protect our cities and harness the power of technology for a common benefit? in this series, using the latest bloomberg research and analysis, we will make sense of the problems of tomorrow -- inequality, sustainability,

that does it for this edition for "best of bloomberg west." ing you the latest in tech throughout the week. see you then. this is bloomberg. ♪ >> coming up on "bloomberg best" the story that shaped the weekend business around the world. the aftershocks of brexit continue to make markets queasy. >> the level of panic is spreading. >> what boris johnson called the lady diana death-like hysteria. >> the dominoes are not falling. matt: in the u.s. investors digest said minutes and jobs data from june. >> i don't think this change is much. matt: italian banks struggle for stability. >> italian banking shares have been clobbered. >> it might be too big to fail and to make the bailout. it could spin out of control.

this is "bloomberg west." >> i am cory johnson. this is bloomberg west. five police officer's dead, seven wounded, and a robot-delivered bomb used to kill a suspect. is there a place for apple in a world of four dollar phones? eranos.low to sarah protest in dallas on thursday contorted into a night of violence. five police officers are dead and seven wounded. police officers using a robot-delivered explosive to kill the suspected gunman. questions about how and when police should be able to use new technology, technology only previously used in more zones. zones.wain war on the perfect -- on the fun we have professor seth stotten. lela, let me start with you. you have a terrific story on bloomberg.com saying this is the very first time that law enforcement has ever used something like this domestically, with the exception of the bombing in 1985. >> this does set an uncomfortable precedent. this is the first time we know of that a robe -- police department has used a robot to kill someone. these robots have been used before usually to defuse bombs. does th

emily: i'm emily chang and this is "bloomberg west." amazon prime day -- a couple of hiccups right back memories of last year's online reviews. can they deliver on their global sales bonanza? plus google underwater? it's not the only player looking to the seabed for faster service. we will dig deeper into the subsea cable industry. and the u.k. unplugged? written's decision to checkout of the eu stokes fears of a major tech exodus? we will ask oracle ceo mark hurd for a fiction. first to our lead -- amazon prime lead. new numbers on the lack of success on amazon prime day. sales were similar to last year. sales in u.k. are up 12%. shares of the everything stored shares of the everything stored dipped earlier in the day on reports of lackluster numbers. the second annual one-day sale event experience a challenging start. but notixed the issue before prime day fail circulated on social media. i should preface this by saying even though amazon prime day did not get great reviews last year, they say they still sold more than black write a t

"bloomberg west" is next. emily: i'm emily chang and this is "bloomberg west." paradeh earnings continues. we will break down earnings from intel and other heavy hitters. and all of branch extended any brutal rideshare is this in china. and spotify pumps up the jam. we will break down the news of an upcoming ipo with the bloomberg reporter who broke this story. intel reporting earnings that slightly beat analyst estimates. shares dipping in after-hours trading as much as 3%. the company reported revenue of 30 teen .5 ilion dollars. net profit of $1.3 billion, down 51%. the key number to watch is the data center business and the challenges intel is seeing there. we will be breaking down all the numbers, but first i want to hear from stacy smith, the intel cfo. stacy: relative to the second quarter, we came in right online. we did little better in terms of profit for our expectations. when you dissect the revenue, , data market was stronger center was in line and it was offset by memory and other things. wecific to the pc category, think there was less of an inven

that does it for this edition of "bloomberg west." tomorrow, we will have john kline. for today from san francisco. this is bloomberg. ♪ >> record high, middle east oil output climbs as u.s. output slumps. >> the bank of england just hourhours away from its crucialt brexit rate decision. revamp.0 million fleet companyl's biggest s

that does it for this edition of "best of bloomberg west." ing you the latest in tech throughout the week. be sure to join us when we meet with ethan kurzweil on how to spot a moonshot. see you then. this is bloomberg. ♪ ♪ sydney, 9:00 a.m. in the first major market to open across the region. how australia reacts to the news that the ruling coalition will form the next government. this is "daybreak asia". ♪ right,a's price is inflation eases earlier, june cpi jumps more than expected. >> markets shrugged off australia's credit rating worries,

that does it for this edition of "bloomberg west." rrow whene in we talk about investing in china . that is all from san francisco. this is bloomberg. ♪ ♪ >> from our studios in new york city, this is "charlie rose." >> the glorious ideals and ideas of the declaration of independence, which we celebrate, as we should, every , and as we know, our secular faith would have been nothing more than words on it not been for the people who did the hard slogging, against all suffering terribly. one of the r

bloomberg west is next. emily: i'm emily chang and this is "bloomberg west." to be a hitiphone and apple is enjoying a pop, but china sales continue to slump. how does it impact tim cook's strategies? plunging after hours. we will break down the numbers. and a chinese company is known as the apple am a tesla, netflix of china and is now buying a u.s. company for $2 billion. we will hear from executives later this hour. apple shares gaining after-hours with a sales slowdown that was not quite as bad as expected. back-to-backfirst quarterly sales declined since 2002 but actual iphone unit sales beat estimates coming in at 44.4 million. i spoke to the apple cfo who to a mix oft companies developed in emerging markets, something tim cook just reiterated on the earnings call. analysts our initial -- analysis says it is popular and sales going to customers new to iphone is greater than we have seen in the first week of availability for other iphones launched in the last several years. emily: all of this building up to next quarter's report which part ofke up a small

this is bloomberg. ♪ ♪ cory: all right welcome back to , the best of "bloomberg west." johnson, in for emily chang. this week, bloomberg presented a focus on pharma. diving deep into pharmaceuticals and biotechnology with a range of stories and analysis across every one of bloomberg's platforms. bill gates has made it the mission of his foundation to use modern medicine to wipe out the diseases of the poor across the world. he sat down with erik schatzker in boston. take a listen. bill: vaccines have still been the tool that saves the most lives. even today, inventing new vaccines for hiv, malaria, tb, a number of these diseases that are still out literally killing millions of people, that's a top priority for us because it is a magical intervention. erik: and other areas like gene therapies, for example, or gene editing, how much promise do you think they have relative to the perhaps easier work -- i hesitate to say it that way -- but that can be done in vaccine development? bill: well, the gene editing is such a basic tool, and it's going to pervade all the work in the

coming up on bloomberg west -- on bloomberg tv, "bloomberg west ."ark: i'm mark crumpton. with begin with a check of your first word news. president obama travel to dallas, texas today where he met with the families of the five officers killed in last week's ambush. he discussed the burdens placed on officers in the line of duty. president obama: from the moment youput on that uniform, have answered a call that at any briefestven the interactions may put your life in harm's way. mark:ite house says -- the white house says he considers the attack a racially motivated hate crime. bernie sanders has endorsed hillary clinton for president. the two former rivals appeared together in new hampshire today. theresa may has less than two days to build a team to rescue the u.k. from its worst little crisis in a decade. she replaces david cameron as prime minister tomorrow. china is calling a landmark ruling on the south china sea nil and void. th

emily: i'm emily chang in this is "bloomberg west". coming up, verizon can see the finish line in the race for yahoo! details on the telecom giant $5 billion pitch. pandora opens up. one million active listeners have tuned out. founder and ceo tim westergren explains why he is not worried. and it's not a michael bay movie without its epic explosions. now you can get to experience them and virtual reality. details on how the director is stepping up his v.r. game. first to arlie. verizon is on the verge of winning the battle for yahoo! verizon is nearing a deal to buy intranet assets for $5 billion. at this stage, the deal does not include yahoo!'s patents. the deal may be announcing coming days, ending a month long bidding process. tech editor. o uur sir alistair, when we would know for sure? alistair: so far what we know is that barring any last-minute disasters that verizon has won it, in a combination of more money but also strategic value. put a bit more cash on the block. emily: now, the information reported that yahoo! would not b

let's have a look at what's coming up on bloomberg west.rs of verizon, quicken -- emily chang will join us in a few minutes about this latest bid for yahoo! emily chang covering everything from san francisco. give us the latest about the bidding process right now and what we can expect from yahoo! emily: the final bids have come lesser-knownon, a from -- thet&t and favored bits are from verizon, vector capital management and dan gilbert. istor capital management based in san francisco, they spun off two decades ago. invested $1.5 billion in technology companies over the last couple of decades. they would not be able to make this kind of a purchase on their own. they're working with another and ay called sycamore few other companies involved in that bid as well, we are working to get more details on it. what we understand will happen now is a couple of companies, yahoo! will ask a couple of companies for their best and final bid. it remains to be seen which of those companies that will be. , theyrizon bid is lower are simply bidding for yaho

coming up on bloomberg west -- on bloomberg tv, "bloomberg west." it is wednesday, july 13. i am angie lau. this is "trending business". ♪ angie: here is what we are watching. asian stocks surging, extending global rally that has wiped out host-brexit losses. investors wait for details of the next shinzo abe stimulus plans. a war of words over the south china

. ♪ emily: i'm emily chang and this is "bloomberg west."istoric, and tech deal marks the end of yahoo! as we know it, and a cyber scandal on the eve of the democrats' big week. and we will focus on the men leaving apple's worst kept secret project. first to our lead -- yahoo! buying-- price and yahoo! four $4 billion. this concludes a seven-month project that began in january. the deal also effectively ends the turnaround efforts of yahoo! ceo marissa mayer, whose appointment in 2012 was celebrated by wall street and silicon valley, or she is staying on for now. i spoke with her today and asked what horizon could do for yahoo! that yahoo! could not do as and then the company. take a listen. >> i think there is tremendous scale from the different assets they have been investing in. and we have reinvented our products. we have tried to make yahoo! mail perfect for the phone, very proud of where yahoo! mail, that client is today. the same thing is true for news, weather, sports, finance. we have our cornerstone applications that when the user'

you are watching "bloomberg west ." chairwoman debbie has stepped down after the revelation of e-mails of party officials that it clinton over bernie sanders. the theme tonight is "united together." a primetime lineup -- heavy hitters from the party. massachusetts senator elizabeth warren will deliver the keynote address. first lady michelle obama and senator cory booker will speak. bernie sanders will speak as well. the latest cnn, orc national survey has donald trump hillary clinton 44% to 39%. the libertarian candidate gary johnson johnson has 9%. cnn says that trump got a boost from independents.