you can download your podcast at bloomberg.com/podcast.: up next traders rethink , their trade war investing strategy as washington and beijing dig in. taylor: plus why a chinese think , tank is struggling to survive. jason this is "bloomberg : businessweek." ♪ >> welcome back to "bloomberg businessweek." i'm jason kelly. >> i'm taylor riggs, in for carol massar. remember, you can watch us on sirius xm channel 119, and new york. jason: and also through the bloomberg business cap. so over in the economics section, markets had priced in a short u.s.-china trade skirmish, war, whatever you want to call it, taylor. taylor: but now they are bracing , for a much longer, bruising, drawn out fight. jason: michael regan joins us. you have been following this closely. you have been talking to our colleagues on the desk and also talking to investors who got this wrong. michael: there's a consensus coming in to the equity market, ripping higher, and the consensus was that, ok, the trade conflict with china is nearing an end, they would reach a deal so

downloaded at bloomberg.com/podcast.rs rethink their trade war investing strategy as washington and beijing dig in. plus,ss, why a chinese -- why a chinese think tank is struggling to survive. >> this is "bloomberg businessweek." ♪ ♪ >> welcome back to "bloomberg businessweek." i'm jason kelly. >> i'm taylor riggs, in for carol massar. >> over in the economics section, markets had priced in a short u.s.-china trade skirmish, war, whatever. >> but now they are bracing for a much longer, bruising, drawn out fight. >> michael regan joins us. you have been talking to our colleagues on the desk and also talking to investors who got this wrong. >> there's a consensus coming in to the equity market, ripping higher, and the consensus was that, ok, the trade conflict with china is nearing an end, they would reach a deal soon. obviously that got ripped up when president trump tweeted earlier this month that he was going to increase tariffs on existing imports, and then came the threats of another set of tariffs on $300 billion mor

get that on itunes, soundcloud, or bloomberg.com.rse, you can find us online at businessweek.com and on our mobile app. the u.s. may be running out of options with north korea. jason: those nuclear discussions have collapsed since that first summit between president trump and leader kim. carol: but the tensions don't jive with what both leaders say is a great personal relationship. our politics editor has our story. >> trump has really taken on the role of being the person that is going to fix this relationship, of being the person that is going to negotiate one-on-one with kim, and as that has fallen apart -- you saw the nuclear negotiator, the north korea negotiator, was in south korea during one of the missile tests that prompted this latest bout of tensions. it is a pretty bold move for them to, for north korea, testing missiles while the u.s. negotiator is so close, within range of some of those missiles. jason: and with president trump, and we have seen this in a number of different cases, and this is a stylistic thing if nothi

graph that wherever you get podcasts or bloomberg.com/podcasts.ant to get more on cisco with taylor riggs. tell us what you have for us. taylor: one way we can look at cisco's exposure to china is in the security vendor space. within that, you can see cisco gets about 16% of revenue from the asia-pacific region. that does include china. if china were to crack down and blacklist our domestic vendors, cisco could be hit, given they get about 60% of revenue within the global security market from the asia-pacific region -- 16% of revenue within the global security market of the asia-pacific region. jason: the long-term impacts we talked about as different countries go for it. taylor riggs, thanks so much. staying in asia the wealthiest , person in south korea may leave his descendents with a massive tax bill. carol: and why it is hard to sell a mega yacht in china. jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." carol: join us for bloomberg businessweek everyday on the radio from 2:00 to 5:00 p.m. you can al

download the podcast at bloomberg.com/podcast.ason: traders rethink their , trade war investing strategy as washington and beijing dig in. taylor: plus, why a chinese think tank is struggling to survive. jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. taylor: i'm taylor riggs, in for carol massar. you can also listen to us on the radio upon sirius xm channel 99.1nam 11 30 in new york, fm and washington, d.c. area: am 960 in the bay and through the bloomberg business app. over in the economics section, markets had priced in a short u.s.-china trade skirmish, war, whatever. taylor: but now they are bracing for a much longer, bruising, drawn out fight. jason: senior markets editor michael regan joins us. you have been talking to our colleagues on the desk and also talking to investors who got this wrong. michael there's a consensus : coming intimate that the equity market was ripping higher, and the consensus was that, ok, the trade conflict with china is nearing an end, th

check out our daily podcast available on itunes, soundcloud, and bloomberg.com.erg television starts right now. ♪ ♪ emily: i'm emily chang and this is the "best of bloomberg: technology." coming up, google holds its annual developers conference where it is doubling down on privacy. we hear from a top exec. melinda gates opens up. new book and her what she thinks the biggest priority should be for the tech industry. and as apple attempts to branch

check out our daily podcast available on itunes, soundcloud, and bloomberg.com.erg television starts right now. ♪ ♪ david: how do you pick up insider trading? jay: we do use computer algorithms. and we catch people. david: what is the biggest investment mistake? jay: diversify, keep costs low, that they need to diversify -- they need to diversify keep , costs low, and not panic. david: the sec pays government salaries, which are modest, to say the least. jay: i think they have the respect of wall street. david: well, they are respected. i was trying to get them a raise. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright.

listen to our podcast at itunes, soundcloud, and bloomberg.com.d us at businessweek.com and the mobile app. in the featured section, boeing is in a serious crisis. two deadly crashes months apart have sparked investigations into products and its training processes. the problems erupted suddenly, but engineers at boeing said they were years in the making. we spoke to reporter peter robison. >> it has caught attention and rightly so, because it is a stunning example of a company that has been known for its meticulous engineering and commitment to safety that is being questioned about that right now. we tried to talk to employees who had been at the company a long time and kept hearing again and again was the problem was that the company had shifted to a focused toward shareholder value rather than its traditional engineering culture, and this is showing up in multiple ways but it was showing up importantly, recently in performance reviews. you had engineers being asked in more specific and more directly threatening ways for specific time and cost re

if you like bloomberg news, , and out bloomberg.com bloomberg radio. this is bloomberg. ♪ emily: it has been a week dominated by trait. on friday, the president on importsariffs from mexico in retaliation for people crossing the u.s. border illegally. in the meantime, china announced it is compiling a list of unreliable entities. in retaliation for the blacklisting of huawei. making good on its promise to retaliate against president pence latest round of trade duties. giles and is tom rebecca, the founder of silla icondragon -- sill dragon. rebecca, the chinese are digging in their heels and preparing for a long-term fight. experts are saying it could last until 2035. what is your take on the level of seriousness here? rebecca: i think it has gone from beijing and washington, d.c. and spread out to other aspects of our economic life and i think we are just at the beginning. the rhetoric has certainly become much heavier and i think we are really in for a long run. emily: this list of unreliable entities is rather vague and could expand to multinational

check out our daily podcast available on itunes, soundcloud, and bloomberg.com.vision starts right now. ♪ him and ♪ david: how do you pick up insider trading? jay: we do use computer algorithms. and we catch people. david: what is the biggest investment mistake? jay: diversify, keep costs low, and not panic. david: the sec pays government salaries, which are modest, to say the least. jay: i think they have the respect of wall street. david: well, they are respected. i was trying to get them a raise. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

check out our daily podcast available on itunes, soundcloud, and bloomberg.com.television starts right now. scarlet: i'm scarlet fu. this is "bloomberg etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ scarlet: shutting off taxes. how vanguard uses heartbeat trades in an etf. what this may mean for smaller issuers. the changing face of active. we speak with a representative of oppenheimer funds talking bout active and has of -- and passive debate.

let's -- on bloomberg.com.because south carolina seeing some migration while the tri-state area is seeing the biggest financial drain. this story in the bloomberg is a font of information. i had not realized connecticut lost 1.6% of its annual income. people are leaving in droves. these are blue states. the loss of the state and local tax deduction a big reason why. joe: in addition to high taxes, it is also people are big cities that they want to be in. it is hard to see what would be the draw to go to connecticut with so many headmans? romaine: a lot of these states getting these inflows, they are starting to become much more economic senators, financial -- the centers for financial companies and businesses that they were not years ago. who wanted to go there for a career prospect? joe: it is warmer. scarlet: you have to deal with potential hurricanes. joe: that is true. scarlet: i did not realize florida is the third most populous state in america, surpassing new york in 2014. joe: florida does not have any

carol: and catch up on our daily show by listening to our boston at itunes and at bloomberg.com.and find us online at businessweek.com and on our mobile app. carol: on the cover of "bloomberg businessweek" this week, microsoft's next chapter under the leadership of satya nadella, he's a different type of c.e.o. jason: making some bold choices, maybe none bolder than breaking his company's dependence on windows. heard of it? and preparing for a threat from amazon. carol: we talked to the coauthor and seattle bureau chief. >> the company is no longer the windows company. it's focused on the cloud. you think about how few technology companies have been able to completely shift successfully from their flagship product and reinvent themselves. we spoke to reed hastings of netflix, a former microsoft board member, he said he can't think of any company that's been able to do that. and the market cap success and the sales successes are a real testament to satya nadella's successful reinvention of the company. >> let's talk about that, because his style is very different from bill gates a

subscribers can watch it via tv were on bloomberg.com. areets starting to pay off with operating income within tripling in the last quarter. they saw a earnings surge at least on paper thanks to a new valuation of its take in uber. -- stake in uber. i want to start with your birdseye view of those results. what were your key takeaways there? >> thanks for having me. softbank results were pretty good. there was little to complain. there are two parts of the overall business. one is their operating businesses, which includes softbank, etc. on the upside side, you have softbank's fund. the first part was flattish. the second part have fantastic in simple terms from last year's part paper, part real profits. ais year, it has been significant increase. it goes on to show that most of the investments are reading wars -- reaping rewards. given the big picture view, it is essentially when you look at softbank investment, you have to accept part of that may not come to fruition. 20%, 30% may not work. that is the style. the rest of it is generatin

for a drill down into all of bloomberg's etf content, check out bloomberg.com/market/etfs.his is etf iq. ♪ scarlet: i am scarlet fu, this is "etf iq." for every etf that targets a country or sector, it is not long before others follow suit. since then, it has expanded its suite of funds. the firm's cio joins us now. before we talk to him, eric will give us a drill down into the china internet fund. eric: kweb, this is six years old at this point. time flies. when this first came out it was novel, and it seems like a normal fund. people go to it to play trade in china. it is big at $1.5 billion. this thing really broke on the scene in 2017. it had that shiny object moment when it was up 60% in the year, and now it is up 100%. that is why it has gotten some attention. the expense ratio is high, but no one cares when you are beating your index by 15 percentage point. stocks when this first came out were new for a lot of people, but now they are very well known. tencent, alibaba, a lot of u.s. listed companies that are based in china. speaking of which, let's combine this to th

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

if you like bloomberg news, check us out on the radio, on the bloomberg app, bloomberg.com, and of coursethe u.s. on sirius xm. if you like bloombergthis is bl. ♪ carol: this is "bloomberg boston at," live from the annual chamber of commerce meeting. let's turn to earnings. alibaba and tencent both reported results. estimatesp estimates, rose consumer spending. tencent sales fell flat even boosted by gains on investment. for more, let's bring in kevin carter, joining us from san francisco. nice to have you here with us. alibaba and tencent among your top holdings. both seem to be struggling a little bit it seems with the slowdown in the chinese economy. how do you see it? kevin: if 51% growth, which is what alibaba reported, is a slowdown, then i think it is fine. the chinese economy is slowing down. it has been slowing down for a long time, but that is not really news. i think alibaba's report is fantastic. i think what joe said about the tariffs benefiting alibaba is true. tencent has its own idiosyncratic issues with the gaming regulations. the commerce business was up about 54%, cloud

if you like bloomberg news, checksum on the radio, the bloomberg app, bloomberg.com.his is bloomberg. ♪ emily: back to earnings. qualcomm shares falling after hours despite a beat on revenue in the second quarter with $4.8 billion. investors didn't seem impressed even with qualcomm saying it expected to see a windfall with its two-year legal battle with apple of about $4.5 billion. the problem, a forecast of continued weakened demand in china. we will get to abigail doolittle and ian king is still on the phone dealing with these results. they are saying iphone demand in china has improved or at least stabilized. these numbers from qualcomm tell a different story. abigail: in terms of the quarter they just reported, they did beat top and bottom line estimates. the third-quarter earnings guidance of adjusted earnings of ,.70 to $.80 at the end interesting to what you just saw a, the divergence between apple, their strength with qualcomm having a weakness, it goes even deeper. when you look at that fourth quarter guidance -- that first quarter guidance, you break down th

you can also find them at bloomberg.com, along with all the latest business news and analysis, 24 hoursk. thanks for watching. i'm rosalind chin. this is bloomberg. ♪ ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, eyes for amazon. warren buffett taking shares of the tech giant after underestimating it. why the oracle of omaha is changing his tune. overtaking apple in the global smartphone market. we take a look at the big picture. how the company behind wework exploded the industry.

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

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

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

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

romaine: you can watch more of the bloomberg businessweek interview at bloomberg.com/podcast. also hear from the magazine's reporter and editors every saturday and sunday on bloomberg television and radio. 13fant to turn now to the filing season. hedge funds disclosing their investments. abigail doolittle standing by with some details. abigail: it is of course the final day that institutional investors with $100 million or more have to put in their filing. lots of big names just coming out right now including soros, icon, tiger. here,ing to our work verizon, alphabet, amazon, and others. tiger global has more than doubled. now the third biggest position for tiger global. in 21rs sold stakes companies, from a macro standpoint, early 13f's suggest we have telcos. of course, we are waiting for the big one. here's a chart of apple behind me. lots of volatility over the last year. right now in a correction. everyone will be waiting to see what warren buffett berkshire hathaway did with their position. caroline: let's get you a quick check on the latest business flash headlines. sha

you can watch more videos from the bloomberg team at bloomberg.com.t for this edition of bloomberg technology. we are livestreaming on twitter and follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ ♪ david: marriott started in 1927. arne: on 14th street. david: it was a big story that a non-marriott became ceo. arne: i worked with bill marriott for all the 22 years i had been at the company. david: the mini bar is the same thing, pringles and toblerone. arne: sooner or later, the government will say that is a balanced meal. david: when i check out, they want my credit card again. arne: they shouldn't need that unless there is something deeply suspicious about you.

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

bloomberg tv, bloomberg radio, bloomberg.com, and boston globe.com.4 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. romaine: a bit of breaking news here. a brazilian cosmetics company best known for owning the body shop in the u.s. has agreed to by avon products. they say they have secured about 1.6 billion dollars in financing to pull off this deal. products, based out of london and primarily operates in latin america. this is separate from avon in north america. a big movearoline: after hours for elle brands, beating expectations when it comes to net sales. basically in line with where it was at this time last year. first-quarter earnings-per-share, down from the previous year but again ahead of expectations. victoria's secret not doing so well, like for like sales down. bath and body works increased like for like sales some 14%. since the u.s. ban on huawei, many are wondering the impact on 5g technology. we discussed whether the band could derail or slo

that was just one of the quick takes you can find on the bloomberg, also you can find them at bloomberg.comlatest business news and analysis 24 hours a day. thank you for watching. i'm rosalind chin. \ i this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. ♪ carol: welcome to a special edition of "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. we are in los angeles at the milken institute global conference. carol: it is an annual gathering of the most influential people in business, finance, economics, commerce, innovation medi

subscribers can catch this on tv on the terminal or bloomberg.com. let's move things along and have a look at first word news as we join the fallout. force tested a second unarmed -- the u.s. air force tested and on armed -- and unarmed launch. the rocket flew almost 7000 kilometers over the pacific to an et al. in the islands -- attoll in the islands to test a robust nuclear deterrent. u.s. authorities have seized a north korean cargo ship it says was involved in sanctions violations. it was detained in indonesia and will be moved to america. the doj said it was used to transport coal to china and other countries to generate badly needed revenue for pyongyang. the true ownership was disguised to avoid suspicion. uber raised $8 billion in ipo. it sold 180 million shares of $45 a piece based on the stock outstanding after the offer. it gives uber a market valuation of $75.5 billion, below its last private valuation of $76 billion, and far short of the hundred billion dollars touted earlier. asia's richest man sealed another deal and stepped up the fig

emily: you can watch more videos from the bloomberg team at bloomberg.com. edition of "bloomberg technology." we are livestreaming on twitter, @technology, and follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> heather: on today's show, we are talking about circulation. if you suffer from pain in your neck, shoulders, or lower back, pains in your hips, knees, or ankles, or pain from arthritis or sports injuries, we will speak to dr. michael ho, inventor of a device that relaxes tense muscles and

although stories on your terminal, bloomberg.com, and of course tictoc on twitter.chuckle because the daily express, the newspaper in the united kingdom, has put out that meghan markle prince harry had to choose an unusual name for the baby which unified the u.s. in u.k.. i rather like that one person said, name it vladimir. romaine: bookies are already taking bets on what the name will be. the top name, five to one odds, arthur. the others were philip, albert, james, alexander. not really thinking outside the box. those are all royal names, right? caroline: i'm not sure much affects the pound anymore. was the foul heard around the horse racing world. maximum security disqualified the kentucky derby for interfering with the path of other horses in the race. it was the first time that a winner had been disqualified for an ontrack issue. to discuss the controversial ruling, david papadopoulos, our in-house horse racing expert. the call, all the drama, i loved it. president trump tweeting, i'm not happy with the decision but according to you, clearly a violation. what

you can follow the stories on your terminal and bloomberg.com and of course on tictoc on twitter.zon suppliers in fear. thousands of suppliers and vendors watching to see if they purchase small suppliers in favor of major brands. the possible move would increase --enue and position avenue amazon with walmart and target. it lets look at the story with our reporter. spencer, thanks for joining us. amazon has two main business models. it serves as a marketplace online for third-party sellers. basically they are selling -- suppliers, it is not going to buy stuff from you anymore. sell it yourself. spencer: exactly. this planning goes back to -- last fall. amazon was looking at the sales revenue for all of its smaller vendors to determine which ones were worth maintaining a relationship with and which ones it should push to its marketplace platform. the main objective amazon is salesis as it is online slow, it wants to not have to add that many people of its own employees to manage its web store. to theing more vendors marketplace side, amazon ligh tens its own load. it is no longer pa

you can also find it at bloomberg.com, along with all the latest business news and analysis, 24 hoursfor watching. this is bloomberg. ♪ ♪ emily: uber's rocky debut meets market anxiety. we will sit down with the ceo to talk about the underwhelming first day. plus, the u.s. delivers on its threat to hike tariffs on more than $200 billion of chinese goods after talks fizzled in washington. president trump says there is no rest for a deal.

you can watch that live right now on the bloomberg go and bloomberg.com.loomberg. ♪ about techt of talk regulation, but paul romer, nobel winning economist from nyu, says it is the wrong way to go. >> regulation often fails. we end up with a system where regulators are captured by the firm, the industry they are supposed to regulate, or you end up with regulation theater, where we pretend to regulate but the regulators have no power. i think that is an approaching want to avoid if possible. there are other options like using taxes to create incentives for firms that want to do the things that are better for society. >> what kind of tax would that look like if you are facebook or google? >> we have to ask, where do we want to go? the market works well when people pay something, they get something back, and if they don't like what they got relative to what they did, they have a choice to go elsewhere. we want choice and transparency. the tax on digital ads creates an incentive to go back to a suppression model -- subscription model that many people online us

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

sign up for the balance of power newsletter on bloomberg.com and get the latest on global politics inery day. coming up, cleveland fed president loretta mester will be ,oining bloomberg markets joined by michael mckee at 3:00. bloomberg users can interact with the charts showing today by going to g tv on your terminal. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. jonathan: from new york city for our audience worldwide, i'm jonathan ferro. "real yield" starts right now. coming up, another jobs report delivering solid gains, taking th

listen to us on the app, on bloomberg.com and in the u.s. on sirius xm.s is bloomberg. ♪ carol: welcome back to "bloomberg technology," live in boston. i am carol massar. all week long, we have been highlighting the innovation taking place in the city, a city that according to crunchbase through august of last year's rival toertaking their the south, new york city, with $5 billion to $4.5 billion. our next guest is the ceo of onet, a leading all in point-of-sale restaurant management platform. the valuation, a whopping 2.7 billion dollars. congratulations. how are you? chris: doing great. good to see you. carol: good to see you again. chris: it has been two years. carol: tell us what has happened. that is a nice capital raise. chris: we have been busy over the last two years. we are really trying to effect a lot of change across the restaurant community, and we are enabling what we call a new era of hospitality, investing heavily in r&d. carol: talk to me about the r&d. what specifically are you looking to do? you have a platform. you have a bunch of serv