that was brad smith of microsoft.will hear from him next about how microsoft and other tech could benefit from the u.s. china phase one trade deal. this is bloomberg. ♪ taylor: more from brad smith. about theut long-lasting tensions between the u.s. and china. i asked him to elaborate on his comment about -- >> it was a good and important step. it adds stability, it creates a foundation for additional progress. it adds to business confidence. it we were definitely very happy to see it and supportive of it. i think we should all want to see continued progress made by the two governments together. realu were talking about a threat of a technology cold war. what does that look like to you? >> i think that a phase one trade deal doesn't necessarily put to rest the other technology issues that have become part of the geopolitical landscape. these are the two largest economies and they have the strongest tech sectors. both governments are focused on national security implications. conversation has become a conversation arou

there is one other thing that brad smith said. gdp everywhere in the world. there is a growing body of opinion that says no we don't, we don't need to keep growth going up all the time: it is not the most important thing, is he failing to notice an important sort of growing strand of society now?” notice an important sort of growing strand of society now? i think that the argument is more nuanced nan what he communicated, so there is a growing amount of evidence to suggest when we consider an economy's growth we have to look beyond gdp, and i would argue that microsoft, it would be good for them to look beyond gdp in doing this, but it is still good start, because imean but it is still good start, because i mean for example i originally come from a country where the gdp has stalled, and it has led to people not actually doing well. and it has led to a lot of poverty and suffering. it has to improve in some parts of the world, that is clear. thank you forjoining us. let's take a look at some of the other stories making the news. th

we hear from brad smith about the plans they have in store. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg and in theerg.com, u.s. on sirius xm. this is bloomberg. ♪ taylor: microsoft made a major investment announcement in the effort to fight climate change. it will invest $1 billion in companies and organizations working on technology to remove or reduce carbon from the atmosphere. i sat down with the president and chief legal officer, brad smith. brad: microsoft's commitment to put a billion dollars into climate innovation is part of a broader plan but the fund itself will really be focused on accelerating innovation and climate reduction and removal of technology where money is not flowing already. one area that we see being a paramount importance is the creation of new and better technology that will enable us all to remove carbon from the atmosphere. another area where we see a critical need for money where it is not yet flowing is for example, project finance for renewable energy. there are so

i sat down with the president and chief legal officer, brad smith.d: microsoft's commitment to put a billion dollars into innovation is part of a broader plan but the fund itself will really be focused on accelerating innovation and climate reduction and removal of technology where money is not flowing already. one area that we see being a -- being of paramount importance is the creation of new and better technology that will enable us all to remove carbon from the atmosphere. another area where we see a critical need for money where it is not yet flowing is for example, project finance for renewable energy. developing markets. some parts of the world perhaps especially in the united states and western europe where capital is already flowing for new renewable energy. not everywhere. we want our money to make a difference. taylor: are you really looking outside the u.s. to deploy this $1 billion? >> certainly we are looking outside the united states. especially when it comes to the creation of new places that will generate renewable energy. when it co

taylor: that was microsoft's brad smith. coming up, fintech on fire.a agrees to pay $5.3 billion for plaid. the price is double their last valuation. later, the aol cofounder and current chairman and ceo of revolution and his tech trends for 2020. this is bloomberg. ♪ taylor: this week, we saw $5.3 a major deal $5.3 billion for an , intake company that connects venmo to customer data in the banking system. the price has doubled in a 2018 funding round. i spoke tuesday to bloomberg's senior analyst julie. >> plaid has 2600 fintech customers. it has venmo, acorn, coinbase. it gives visa customers to sell into. plaid also really has been a u.s.-based company. visa is in a great position to internationally with the plaid services. longer-term,t, visa sees it as an opportunity to sell payment services into fintech. that will mean more payment transactions across the visa global network. taylor: i want to bring you back in here. earlier, we had a general partner and a plaid investor talking about getting into the space. take a listen. >> we have a lot of tra

necessary we'll even google is calling for regulation which i find quite funny and microsoft yes yes brad smith been calling for regulation for a long time and the reason behind that is really because. we don't want to see little startups that don't care about ethics of ai getting into the market and really we want to make sure that the ethical perspectives of ai particular fish or initial are before ok 1st but i feel thank you very much thank you. so back to you stephen. with the latest from davos thank you very much. and that's it for me and the business team of course find out more about these and other stories online at business deal dot com rather slash business of course on facebook and twitter i'm stephen birds in berlin as always thanks for watching. why subscribe to g.w. books you meet your favorite writer sometimes. he gets a response to w. bush. carefully. his soon. to be. discovered. documentary. hello and welcome to news from the world of arts and culture and here's what's coming up in the next quarter of an. it's turning out to be a hard makes it between the roll family and harry

much as transport consumes today. 0ur reporter chris foxx spoke to the president of microsoft, brad smithand asked him what they are planning to do about it. we have a lot of confidence we can achieve these goals. in part, we will need to become carbon negative by reducing our own emissions very substantially, not just for ourselves, but across our supply chain, our so—called value chain, as well. you're talking about ways you might be able to remove carbon from the atmosphere. what are some ways you think that might be possible? ultimately we need better technology. direct air capture, for example, runs the air through a machine, and the machine removes the carbon from the air. it then sequesters that carbon under the earth. and that's one of the reasons, among other things, that we're announcing today the launch of a $1 billion climate innovation fund. and greenpeace has been very quick to point out you offer your ai and machine learning to help oil and gas companies get more fossil fuels out of the ground. how can that sit side—by—side with a pledge like this? when we think about where

chairman ceo in first on fox business interview the president of microsoft, brad smith how technology next trillion-dollar market cap? one trillion? give us two trillion, more when we come back. ♪ ♪ as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. releasing more than 100 pages o

his career working at microsoft alongside bill gates, steve ballmer and now satya nadella, him brad smith front row seat to some of the company's biggest milestones. he is now focused on spreading the message beyond microsoft's campus with a new book, "tools

microsoft's president, brad smith, says the ultra—wealthy tech giants need to lead the way in the fight think that we will see a lot of energy in the tech sector, in part because it's a sector that is doing well. it can afford to make these kinds of investments, and it should. i think it's something where competition can make each of us better. we can make each other better. we can make each other better. and we always want to compete and do better with the people in your industry, but at the end of the day, if we make each other better, the world is going to be better off, and we should applaud each other as we each take these new steps. with me is simoney kyriakou, who is the editor of financial adviser. what do you make of that? nice words. do you think it will sort of translate to real action? i mean, anyone can say we want to do something by 2050. it feels a long way off. sure. well, they have also committed to a five year plan, which will be to use only renewable energy for its global network of data centres. in data centres, they get extremely hot. they use a lot of energy to coo

been meeting with european leaders along with other silicon valley tech company executives like brad smith of microsoft so in reality the open. is likely trying to head off broad based crackdowns by the e.u. on the artificial intelligence technology 2018 google pledge to not use a location related to weapons surveillance that violates international norms or in other ways they go against human rights i guess the big question is do you believe everything that he is saying i mean this is the same man who was running operations within google where he said they were not working with the chinese government then it appears they were then they seem to scrap that once they came out it just seems like a lot of the things he says look good in the public view but then there's other activity going on contradicts every listen to a statement there is a lot of dull speaking out because he says we need more regulation but then he goes on to say how good how dangerous it is to not use ai and it would actually be a detriment to not consistently advanced technology so it's actually kind of double talk himself

i asked microsoft president brad smith last week what he thinks of the lawsuit. there is an interesting lesson for all of us, certainly in the world of business. maybe just life more broadly. first of all, never assume that you are so far ahead that you can't lose. never conclude that you are so far behind that you can't catch up. every day, we focus not just on catching up, but leading. taylor: for more, i want to bring in naomi nix from washington, d.c. from your perspective down there in d.c., your thoughts on this? do they pause work on the cloud, is this relatively routine? where are we in the fight here? naomi: look, it is a relatively routine decision for a contractor who is protesting a contract like this to file a motion like this. amazon is essentially asking the courts to force the pentagon to stop working with microsoft on this cloud deal. the pentagon has said they have persisted and started to work on the contract. they have already held meetings with microsoft and started to identify programs to use in this project. i think it is a significant deal

tuesday, microsoft president brad smith and ups se arceo are.rsday, blackstone's chairman and nato's secretary returns. friday, general antonio guterres and steve pagluko rounds out our all-stair lineup, that's all here, "mornings with maria." in. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. maria: welcome back. good friday morning, everybody. thanks so much for joining us, i'm maria bartiromo. it is friday, january 17th. a look at markets right now, 7:33 a.m. on the east coast. markets are in unchartered territory, futures indicating another record session. the dow futures up 73, nasdaq futures up 35, s&p futures up 7 and-a-half. this on top of the major indices closing at the highs o

that was microsoft president brad smith talking to chris earlier.s. that's all the business news. growing numbers of asylum—seekers are trying to enter hungary illegally from serbia and romania. hungarian police say more than a hundred attempts are made to cross their border fence each night. nick thorpe reports from northern serbia. winter in northern serbia in the city subotica, in derelict railway buildings, dozens of migrants are trying to keep warm. some try to cross the fence night after night. others are just trying to survive the freezing weather. ethnic hungarian priest tibor varga has been helping the homeless, migrants and refugees for many years. in his garden, he builds stoves from old barrels to install in the places where they seek shelter. we are just covering the bottom of the barrels so it will be insulated, because the heat would heat up all the metal, but if you have coverage like this, it will last longer. tibor‘s stoves are simple but effective. this one keeps 16 afghans warm in two rooms. he's just installed the new one in an

and representatives steve scalise, chris smith, ralph abraham, warren davidson, bob latta, john joyce, lloyd smucker, brian fitzpatrick, and bradou all. i have to say, we have many more politicians in the audience. but, if you don't mind, i will not introduce them all. all of us here understand an eternal truth. every child is a precious and sacred gift from god. [cheering and applause] pres. trump: together, we must protect, cherish, and defend the dignity and the sanctity of every human life. when we see the image of a baby in the womb, we glimpse the majesty of god's creation. [cheering and applause] pres. trump: when we hold a newborn in our arms, we know the endless love that each child brings to a family. when we watch a child grow, we see the splendor that radiates from each human soul. one life changes the world. from my family, and i can tell you, i send love and i send great, great love. from the first day in office, i have taken action to support america's families and to protect the unborn. [cheering and applause] during my first week in office, i reinstated and expanded the mexico city policy and we issued a landma

brad pitt. i've had a chance to see not just will smith be a star but the people he helped behind the scenes getting to see kevin hart raise up and become this massive star. i'm the first timethat there's ever been an african american host of. soi every day wh i come this here i keep a picture my grandfather because would have meant the world to him to see this. entertainment tonight. it's the gold standard we continue to be the people who get inside the door we tak to the biggest stars were at the biggest premieres e t we'll always be he. >>tonight on e t is our very special 1010th episode, 're looking back at each decade, starting the 80's with th sts before they were stars, you don't not want to mi this. i'm kevin frazier back to you. >>music is iconic i'm sure mary hart will be part of it rice going way back yeah i love the 10,000 episodes i must have seen about 4,006 o household tasks, frshman college back in the day than it was a show towatch at a monday news like pritzker upon i. all let's turn our attention weather obviously john's here take a look at the cloudsand august are still hanging a

brad win mean he's done with acting? >>> and she was there 30 years ago for her first interview now will smith's surprise for this receptionist. >> i hear somebody go baba! ♪ ♪ >>> welcome to "access hollywood" from universal studios, hollywood, i'm mayoralio lopez with kit hoover. let's begin with the queen's emergency

and representatives steve scalise, chris smith, ralph abraham, warren davidson, bob latta, john joyce, floyd smuck smucker, ryan fitzpatrick, and brad wenstrup. thank you all. and i have to say, i look out and i see it exactly, we have many, many more politicians in the audience but if you don't mind i won't introduce them all. all of us here today understand an eternal truth, every child is a precious and sacred gift from god. together we must protect, cherish, and defend the dignity and sanctity of every human li life. when we see the image of a baby in the womb, we glimpse the majesty of god's creation. when we hold a newborn and arms, we know the endless love that each child brings to a family. when we watch a child grow, we see the splendor that radiates from each human soul. one life changes the world, from my family, and i can tell you i send love, i send great, great, love. andy from from the first day in office i've taken a stark actioo america's families and protect e unborn. [applause] and during my first week in office i reinstated and expanded the mexico city policy and we issued a landmark pro-life rule to govern the u

brad pitt didn't even go there, right? >> i don't know. it was so funny, when he said, he started going after everything, and then the girl came out, started to complain, i was talking to sandra smithicia arquette, is that who it was? forgive me, but the plastic surgery, enough. scolding us what will happen and vote in 2020. you can't make it up. can't make it up. gervais was right. they don't have the right, no matter what you're in, no big group has right to tell us how to vote. neil: do you hi the oscars we'll have a show like that. >> they will not have a host at all. what i felt bad, tom hanks. i said the jimmy stewart of our time. he is a national treasure. they went to him, okay, this is going to be a long night. did you see look on his face. neil: would you want a gig like that? i been at events you hosted. you're very good. >> thank you. i do have -- i'm never going there, hollywood, you have to work the game. you have to be within that community. that is the way they work it. with due respect by the way. i'm fine on the radio, am 970. all great. neil: a great show. you rally liberals and conservatives alike. >> my gosh, today we're talking about what happened in iran and

brad pitt and jennifer aniston reunited and it feels so good but there's one moment you probably haven't seen, comedian michael has the big trending hollywood stories next. steve: first let's check in with sandra smithent trial of the president begins this week in the senate, what exactly will that look like, we don't know yet, both sides making their case, plus it is martin luther king, jr. day how america is honor the civil right's hero, also brand-new day in america's news room, ed henry will be joining me, we will see you in just a few minutes. ♪ hey. hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local