the incoming uber c.e.o. uber employees wednesday and thinks the company should go public within the next few months. he also outlined some of his top priorities at the job, including coming up with a new set of core principles and bringing in a new chairman to help implement the agenda. uber tweeted out some of his remarks, saying, "the company has to change. what got us here is not going to take us to the next level." in addition to taking the ceo chair, he will likely get a seat on the board, opposite chairman travis kalanick. meanwhile, travis kalanick has already expressed interest in returning to a more active role in the company which could create a potentially awkward dynamic that khosrowshahi will have to manage. in the meantime, it was all smiles at the new board meeting as arianna huffington shared this selfish on the changing of the guard at the ride-hailing company. we spoke with our bloomberg tech reporter, eric newcomer, and our global head of technology to find out what else happened at that m

"wey, the c.e.o.ith work surveillance" about the evaluation and potential for ipo. >> we are still relatively early although we have grown fairly large. we are still growing as quickly as we can. we just had our first user conference in san francisco last week. we have partnerships. significantly, we have the launch of slack in german and french. with projects like that, we have little ability to predict how fast it will be growing. for debility -- predict ability is one thing we are missing. >> i expect t-shirts to be put out for a concert venue. here is the issue. guys in dark suits and bow ties look at an extrapolation of funds raised to $5 billion plus and go, what kind of dumb accounting is this? how do you as c.e.o. respond when the fancy guys in suits show you are worth $5 billion? i don't buy it for a minute. >> we a little under four years in the market. we are still growing at 100% a year. 42% of the fortune 100. up to this point, we have been english language only. with strong growth in eur

today, the c.e.o.ith "bloomberg surveillance" about the company's violation and potential for ipo. >> we are still relatively early , although we have grown fairly large. we are still growing as quickly as we can. we just had our first user conference in san francisco last week. we announced a number of big partnerships, but significantly, we have the launch of slack in german, french, and spanish, and that's why we are here in london. with projects like that, we have very little ability to predict how fast it will be growing. predictability is one thing we are missing as a public market company. >> i expect t-shirts to be put out with the concert venues. are from vancouver, so maybe it will be like heart from long ago and far away. here is the issue. guys in dark suits and bow ties look at an extrapolation of funds raised to $5 billion plus and go, what kind of dumb accounting is this? how do you as c.e.o. respond when the fancy guys in suits and ties tell you you are worth $5 billion? i don't buy it

and be scandalised chairman and c.e.o. of equifax richard smith is out of the company but he gets to keep his eighteen million dollars pension some people have a problem with it because when hackers exploited of software flaw in the credit monitoring system they stole the social security numbers birth dates and other personal data of more than one hundred forty three million americans the company was warned about the flaw months in advance according to equifax the breach took place from mid may and july it was discovered july twenty ninth and within the next two days three executives sold off shares totaling nearly two million dollars. and then on the seventh equifax told the public about it smith has issued the predictable apologies and retired he will receive his two thousand and seventeen bonus or severance pay but that cool eighteen million dollars pension he does get to keep smith was set to face a congressional hearing on october third over the scandal no word now on who will replace him in that chair. and as the apo

the c.e.o. joins us to discuss, the ongoing turnaround on track and what could be the profitable quarter since 2014. and one year after the biggest tech history, taking stock. michael dell joins us on a wide ranging interview. we ask for a status report on dell e.m.c.ion position. amazon on the hunt for a second calling h.q. 2 with a hefty price tag of more than $5 billion. seattle internet giant is asking local and state governments to submit proposals new headquarters that could house as many as 50,000 workers, many new hires, each possible yearly compensation exceeding $100,000. theeconomic impact for winning city would be significant. amazon said investments resulted $38 billion tol seattle's economy. to discuss, garrett duvain. know about this and how many hires will amazon be making? >> they'll make 50,000 hires. number they gave was 15 to 17 years so an almost two-decade project they unveiled. it's unusual when you look at how amazon usually goes about building new offices and buying real

can this help the c.e.o.eg up in reversing the decision when he travels to london next week? this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. mark: i am mark crumpton in new york. you are watching "bloomberg technology." u.s. health and human services secretary tom price has resigned. a white house statement says president trump accepted secretary price's resignation friday. his travel itinerary came under scrutiny after it emerged he frequently used military and charter planes. the tab is reportedly in excess of $1 million. president trump told reporters earlier friday the obama administration spent a lot of time in the air. but president obama's treasury secretary jack lew dispute

morgan c.e.o. is also not a fan and has called the digital currency of fraud over the past two weeks bitcoin has plunged some forty percent. that still triple of what it was at the start of the year critics say this could be the beginning of the end. the largest u.s. toy store chain filed for bankruptcy protection in the u.s. and canada on monday toys r us has taken a beating from competition with online shopping and discount chains the company has had to take on billions of dollars in debt in order to remain open for business. toys r us has some sixty four thousand employees worldwide. these days three d. printing is big news here lasers are printing a gas turbine component it takes just a day to complete the printed version is just a sturdy is the conventional one the found hope for institute in germany develop this technology for the company and diesel in turbo. if i was it. from my perspective i'd say we've reached a milestone. still we're just beginning the series production. there are things

the c.e.o.oins us to discuss, keeping the ongoing turnaround on track and what could be the first profitable quarter since 2015. and one year after the biggest deal in tech history, taking stock. dell founder and the ceo michael dell joins us on a wide ranging interview. we ask for a status report on the $67 billion dell e.m.c. acquisition. amazon on the hunt for a second campus of they are calling hq2. it comes with a hefty price tag of more than $5 billion. the seattle-based internet giant is asking local and state governments to submit proposals for a new headquarters that could house as many as 50,000 workers. many of them new hires. each with a possible yearly compensation exceeding $100,000. the economic impact for the winning city would be significant. amazon said investments resulted -- in seattle from 2010 to 2016 resulted in an additional $38 billion to seattle's economy. joining to discuss, garrett duvain. what do we know about this and why did amazon make this a public contest? how m

the new c.e.o. of goober derek custer shot he apologize for his past mistakes on monday in a public attempt to show london authorities that the company is willing to change to retain its right to operate in the city because rasha acknowledged that the company got things wrong during its global expansion london's mayor said econo preceding cars were shot he's apology. i welcome the humility shown by the c.e.o. of global who but today he's apologized to london for the white uber have behaved i wish the u.k. would have the same humility and but over officials in london insist that they've complied with all of london's laws it just to be very clear the has always followed every quarter to get t.f. out has undertaken all processes and all the fourteen since we didn't mention them because the ha ha ha ha ha to fellow never previously. been talking to us just to do anything different so that's why it's a surprise not to be granted license still transport for london said it wouldn't three new goobers licens

after conducting a c.e.o. of the summer, uber tapped dara khosrowshahi to take the helm at the world's biggest startup. the board put on a show of unity while he discussed ipo plans. is it all smooth sailing? we discuss this topic with brad stone and eric newcomer as we recap the week in tech. >> dara put on what eric called in his newsletter today a show of unity with travis kalanick. he talked about 18 to 36 months. it is basically give us time and breathing room. i think he did a good job attempting to close the book on this turbulent chapter in uber's history talking about transparency and the values that have gotten them this far. uber has a lot of baggage to resolve including two justice department investigations. so far, i think dara is off to a good start. caroline: eric, you are the man on this story blow-by-blow. talk to us about the unity we saw displayed but also the infighting that continues, particularly at the board level. we had the astonishing letter written earlier in the week. how is that be

the new c.e.o. of goober dare a closer shot he apologized for hoover's past mistakes on monday in a public attempt to show london authorities that the company is willing to change to retain its right to operate in the city because rasha acknowledged that the company got things wrong during its global expansion london's mayor said econ appreciated khosrowshahi is a policy. i welcome the humility shown by the c.e.o. of global who but today he's apologized to london as for the white uber have behaved i wish the u.k. would have the same humility and but officials in london insist that they've complied with all of london's laws it just to be very clear the has always followed every quarter to get t.f. out of his undertaking of all processes no reporting since we didn't mention them because the ha ha ha ha we've come to feel that never previously said about talk to us to do anything different so that's why it's a surprise not to be wrong to life he's still transport for london said it wouldn't three new g

. ♪ emily: the new c.e.o.s already demonstrating a more diplomatic approach than his predecessor with the first big challenge the revoking of uber's license in london. in an open letter he said you have my commitment we will work things with london to make things work right and keep the great city working safely. they now have more than 750,000 on a petition. in the meantime uber rival lyft is looking to expand in london according to "the financial times." well, meal delivery service is now one of the most valuable start-ups in the u.k. after raising $385 million in the latest funding round and plans to use the infusion to improve logistics and spread to new cities. can deliveroo keep growing as it gets more competitive by the day? joining me now partner at index ventures who first invested in deliveroo in 2013. martin sits on the board. you are very confident in the future of the company. $385 is a lot of money. what is it going to be used for? >> first of all i want to say, great day for europe. great day, g

can this help the c.e.o. leg up in reversing the decision when he travels to london next week? this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track, and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com. technology. let's get a check with first word news. health and human services secretary tom price has resigned. president trump accepted the resignation friday. price's travel itinerary came under scrutiny. charterthe military and planes. his tab is in excess of $1 million. trump told reporters that the obama administration spent a lot of time in the air. the president obama's treasury secretary disputed that with an in

the facebook c.e.o.d the business has performed well in the value of our stock has grown so i can fully fund our philanthropy and control control for 20 years or more. discuss, ourw to guest host for the hour, david kirkpatrick. and sarah frier who covers all things facebook. astounding development. what is your reaction? >> it is a funny conclusion because this has been such an embarrassing case for facebook. bloomberg reported in december on some behind-the-scenes between mark zuckerberg and marc andreessen. this is coming at the wrong time. facebook is in the crosshairs politically right now. it is not the right time for zuckerberg to go on the stand to defend ultimate control of the company. good thing he is rich enough it does not matter. that is basically what he is saying in the statement. he is rich enough this is not even a thing he has to worry about. emily: david, what is your take? we have been talking about founder control and how much is too much. what is your take on facebook and zuckerber

. ♪ ♪ alreadyber's c.e.o.monstrating a more diplomatic approach with how he is handling his first big challenge, the revoking of the license in london. in an open letter, dara khosrowshahi says you have my commitment we will work to keep this city moving safely. uber has said it will appeal the decision and started an online petition that has more than 750,000 signatures. lyft is looking to expand in london according to the "financial times." deliveroo is one of the most valuable startups and the u.k. after raising $385 million in its latest funding round. the company plans to improve logistics and spread to new cities. growing asoo keep the delivery business gets more competitive by the day? martin, you guys are very confident in the future of this company. $385 million is a lot of money. what will it be used for? >> first of all, i want to say for great,reat day homegrown european tech companies. we first invested eight years ago. it is very humbling and a great day for us in europe. we are very proud of wha

tonight who were nearly gets his license suspended in the lucrative london market now its new c.e.o. has issued an apology and german chancellor angela merkel wins another term we take a look at what this means for germany and the european union for from a business angle and u.s. warplanes flew over the korean demilitarized zone over the weekend as the war of words continue between donald trump and can draw moon what impact will the sanctions have on north korea former u.s. attorney commissioner bart chilton stand by for us starts right now. the october eighteenth new travel restrictions go into place for citizens of chad iran libya somalia syria and yemen also certain venezuelan government officials and their immediate families also north korea it came on the day that trump's temporary ban on visitors from six muslim majority countries was set to expire ninety days after it went into effect he tweeted making america safe is my number one priority we will not admit those into our country we cannot safely vet this is after he read tweeted a white house statement and hansing vetting ca

scarlet fu caught up with fanduel c.e.o.ccles in new york and started by asking about the upset win an effect on fantasy leagues. >> i think we will see a lot of exciting stories. from a fantasy angle, that is what you get excited about. suddenly, i need to have that guy on my fantasy team. links have you seen between declining nfl tv ratings and engagement in daily fantasy sports? >> very interesting. last year, we saw significant declines in nfl ratings. a lot of talk was about the election anyone-time event. i think the more interesting thing is feeling among millennials has declined for three straight years. we are seeing a shift among younger fans who are saying i will not sit for 3.5 hours and watch sports on television. it needs to come to me. i think we will see a continued leaguesunless the focus on away of engaging the millennial's to grow their audience. >> it was a shock for the nfl to see that kind of decline in ratings last year. what league do you think understands it the best? >> the nba has a strategy of we

what allowed the hackers in through simply a web browser to be able to get into this information the c.e.o. says that it was from may until july of this year so that puts it after they've actually been warned right and now the company is saying may through july they exploited the vulnerabilities we're talking birthdates addresses some driver's licenses credit card numbers two hundred nine thousand people with those dispute documents with personal information for one hundred eighty two thousand consumers can this get any worse or yes my first rule of data breaches is the number they report is not the real number it always goes higher we saw that with opium we saw it with target we saw it with home depot so this number will get bigger it won't get smaller and what we'll find out to is that my bigger concern is who knew what when did they do it because now you have executives that are selling off stock before they were. supposed to or and it wasn't announced so for them to say that will these guys did know about it is foolish they were senior executives they should have known about it and lin

chang sat down with c.e.o.bout the future of landscape and possibilities for consolidation. what's: if you look at going on in the world, i.t. is shifting to b.t., business technology, where you can't actually do anything without technology. you can't sell anything. you can't buy anything. can't make anything. can't have customer relationships. true across organizations of all sizes and government, society. so, i actually see the you considert when the role technology is playing so when i golarger visit the largest industrial companies or automotive companies, manufacturing, retail, they're thinking about how they use data in a different way. are very important. but ultimately it's the data business and when you start to layer on these next generation computer science, artificial intelligence, computer learning, data is the fuel for that. thetore more than half mission critical data in the world and amount of data will grow much more in the next 30 years than it has in the last 30 years. it's doubling at a fast

here at the break summit i had the opportunity to talk one on one with the real demetrius he's the c.e.o. of the russian direct investment fund which is a ten billion dollars sovereign wealth fund a step.

the c.e.o. and founder of dual lingo. the ultimate for form of crowdsourcing is democratic governance at least in theory and i think there are major issues in both developed and developing countries with how power and governance are practiced and applied do you think technology can or will ever change the way our societies are not only organized by how they are governed i think it will it's very hard to say exactly how that will happen but i think it will and i think it's starting to happen we're starting to see i mean we're starting to see a lot of the very nice and efforts we're starting to see people for example there are programs where people can report. problems in their neighborhood all with with computers and eventually they get to the government so we're starting to see some of that. i don't know what the ultimate thing is but i'm sure if acknowledge i mean technology is already part of most of things in the world i'm pretty sure it'll it'll get to the governments i don't know if you would agree with me but i thin

how will it affect me when i go to get a house or refinance i want to play for you something that c.e.o. and chairman rick smith via video just say about this take a lesson. will not be defined by this incident but rather. on together we will serve more customers support consumers and strengthen our data security capabilities in the process we will build a stronger company with many great days ahead. what do you make of that is that even possible written by a professional crisis response person and that's what they're supposed to say how many times have we heard you know the other words at this point are irrelevant what are needed reactions what is needed is transparency and what is needed is there will be some financial compensation but again when you figure the average cost of a record that's breached is one hundred forty one dollars in the u.s. that's the average cost per record hundred forty three million dollars they're looking at a twenty billion dollar exposure yeah i'm guessing the trifecta of credit reports they're going to be out pretty soon they're offering free identity thef

the ex c.e.o. of and the man who is now c.e.o. of. the plot only thickens thank you conrad. a country's competitiveness is increasingly dependent on its digital infrastructure to keep pace extensive high speed data networks a vital that means broadband connectivity over fiber optic cables in the e.u. baltic and scandinavian countries are leading the pack latvia ranks first sixty three percent of its broadband is fed through fiber optic networks it's followed by sweden with fifty five percent then a stony thirty five germany is still developing its networks it comes in nineteenth place only one point eight percent of german broadband is routed by a fiberoptics germany needs to expand its infrastructure but progress has been slowed in the second half of twenty sixteen the proportion of fiber optic lines rose by just a fifth of a percent and by global standards germany is also lagging almost no industrialized country has as low a proportion of fiberoptics well a u. leaders are meeting in the estonian capital tallinn for talks on europe's digital future it's the first a huge sum

. >> rose: we continue with brian moynihan, chairman and c.e.o. of bank of america. >> the road map when you say what you can do about it, is you've got to have a work force that at the end of the day is going to win against the world's workforce, and there are different ways to win that. become the cheapest labor force, that is not possible. become the highest skill per dollar paid labor force, that is possible in the united states and you see that, that is germany. and then have a good set of-- the united states has a great set of work rules, a tbreat set of availability of energy that no other country has. and so they have some natural things going for it. and then it comes down to in my mind, you know, basically the training, education, apprenticeship there are lots about it, but we've got to be driving our capacity of work, time, product and everything against the place of the jobs that we are going to have in this country and keep developed in this country. >> stoltenberg and moynihan coming up. >> funding for charlie rose is provided by the

with workers worried to some cop c.e.o. highly he's inger is defending the move. in your line of mine if you can if we had continued on our on the risk to jobs would have been far greater and the extent of restructuring even farther reaching than without the joint venture ventures if that's because cheap steel imports from china have been challenging the european market in recent years and while just won't break the top ten of global sea of producers even after the merger if there will be a better position to in europe set to produce twenty one million tons of steel per year that's a clear shot at second place tested only by luxembourg's our sell on mittal. markets responded well to the merger news with shares for both companies rising on the prospect of six hundred million euros in synergies also the two companies complement each other well tata strong and industrial steel and to some cope in steel for auto manufacturing. he joins us the chief financial officer of course if the german firm is turning its back on steel. no that is clearly not the case i mean take