we have marvin goodfriend from carnegie mellon and alberto gallo.ind the regime change that we have seen this week at the fed. brian weezer with us on surveillance. we will dive into his call on snapchat. but stay with us, marvin goodfriend on rules and discretion. ♪ tom: foreign exchange, alberto gallo looking for a week or sterling overtime. fromster's -- the prime minister's speech. the euro has been resilient this morning. francine: coming up, it will be bloomberg daybreak. david joins us now. i know you will be all over snap. david: as the market was yesterday. fair to say. we have a pretty well covered. have a prominent venture capitalist. we also have a very well-known analyst. and the man who wrote the book on facebook. all to talk about what numbers does the company have to pull -- to put up to justify this optimism. we tried to get a call and then an hour later, he came out. tom: you were out front with that. he could not put out that report at the time. scathing. is a hat trick of smart theory on snapchat. through all the media today, i t

. >> about three years ago you were getting ready to graduate from carnegie mellon. about where you are now. can you think about a moment or decision you made there really steered you toward this time in your life? >> good question. not quite to the extreme, but i had an opportunity to leave school early for a different job. but i would not have been able to graduate. i've always been a very ambitious person. opportunities like this were where my dreams were set. i waited and the right opportunity came along. where i would be able to graduate and my college introduced me to representation agents and managers that help me step into the industry. those decisions helped me get into the right doors. as an actor, getting seen is the trick. getting the audition. i got very fortunate with the people i got connected with in the industry. from there you just wait for the right opportunity. you're are putting yourself out there and doing your best. then a role like natasha comes along. every female at my age would kill to play a role like this. it is so complex and rich. she i

an engineering degree at the indian institute of technology, biomedical engineering at carnegie mellonan mba at stanford. and you wrote this "medium" post called "is majoring in liberal arts a mistake" for students. where you said "it does not neccesarily set you up for success." it caused some controversy, which i know you're not shy about. one commentor said, "the real assertion here is that the purpose of human existence is fundamentally tied to the accumulation of wealth." how do you respond? vinod: that is a nonsensical response. what liberal arts has become is an excuse to do less work. that's not everybody. and i speak to the 80% of students who actually do it for the wrong reason. but bottom line, if liberal arts goals are the goal, then liberal arts as taught today and taken today is the wrong curriculum. emily: so what should they be studying? vinod: logic and philosophy should be an absolute part of any liberal arts curriculum. because otherwise you don't learn how to think. linguistics, economics. learning how computers work. because we live in the computer age. why require

roboticspilfered the department at carnegie mellon. there is some tension there.hey brought in a new boss to oversee them, without them knowing about it. he has been quietly consulting for months. has said that he was planned to be acquired all along. tooline: i urge everyone spend a couple copy or two over this article. amazing inside knowledge on what is been going on with uber and waymo. in the meantime, uber drivers across the globe are fighting for benefits like overtime and paid time off. do the drivers actually work for the ride hailing app? that is being debated in courts. the reporter has more. reporter: are uber drivers contractors or full-time employees? that is the battle uber is facing in courts around the world. they fight to keep the drivers classified as contractors. uber claims it is not an employer just a platform that connects drivers to customers. drivers valueuber their independence as contractors. as such, uber is not responsible minimum wage,vers providing insurance, or holiday pay. critics say many drivers work more than 40 hours a week and

so what we've done, and the other partner in this enterprise is carnegie mellon university.ecurity university. so we want to lay out an online education program to help the board of directors interact with the management, interact with the i.t. team because information, security, and data management and cybersecurity -- there was a case a couple years ago, the wyndham case. a bunch of class-action lawyers out there. there was a lot of learnings in that. the learnings were if the board takes precautions and is engaged on a regular basis, it becomes part of their risk assessment protocol inside the boards. it helps develop some immunity potentially in a very litigious and heavily regulated environment. >> let me ask you about the risk. a lot of companies are moving everything into the cloud. as they move into the cloud, they're moving on to one of three platforms, right. either amazon's platform, microsoft's platform, or google's platform. in the end, i could make an argument that these three companies are going to be responsible to some degree for the security of all of corpo

joining me now, the professor of engineering at carnegie mellon.nd michael, the managing partner of heroic ventures and founder of reputation.com. these are big gains by any measure. as you and i have discussed, because of automation and technology, some are estimating as one-third of blue collar and white collar jobs could become obsolete by 2025. you've talked about so-called jobless future because of robots and smart machines and automation and artificial intelligence. what do you think of this? >> i think we're in good shape. note how donald trump has already made america great again. all these jobs he's creating. the fact is, his obsession is with bringing manufacturing back. manufacturing is going to be robotized. at the same time, we have ai and all these other technologies taking jobs away slowly. it will happen over the next four or five years you'll start seeing them disappearing. uber self-driving cars will be the biggest shock. the day they work, we'll replace tens of thousands, hundreds of thousands of cab drivers with robots. so this

travis kalanick, the ceo at uber, had basically pilfered the robotics department at carnegie mellon.ow 15 of the 40 people he has hired have left. you get a sense there is some tension there. they brought in a new boss to oversee them, without them knowing about it. he has been quietly consulting there for months, even before the acquisition. waymo has said that he was planned to be acquired all along. caroline: lucas it is a fascinatin -- caroline: it is a fascinating case. i urge everyone to spend a cup of coffee or two over this article. amazing inside knowledge on what has been going on with uber and waymo. mark berman is a co-author on that piece. in the meantime, uber drivers across the globe are fighting for benefits like overtime and paid time off. the question keeps on arriving, do the drivers actually work for the ride hailing app? that is being debated in courts. bloomberg's caitlin meehan reports. reporter: are uber drivers contractors or full-time employees? that is the battle uber is facing in courts around the world. it aims to keep its drivers classified as contractor

systems, that is one of the reasons we work with the national association of corporate directors at carnegie mellond the plug. the vulnerability exists. people rely on the google system. so share the information, government. neil: we're always surprised, governor, i talk to a lost people who shrug their shoulders, what else is new. they're almost used to their privacy being invaded even when he mention, yeah they have this technology where your tv, they're spying on you even when they're off. they go, ah. i don't know what worries me more the technology or we're blase about it. >> i worry about being blase. there will be 20 billion devices connected to internet by 2020. three billion people are connected. we're all expressed. john chambers about said it is not the internet of things but everything and everyone is potential point of vulnerability. neil: you mentioned chambers. i thought of scott mcnealy, who said, if you want your privacy get over it. what do you think of that. >> >> i'm not over it. i don't want to surrender my privacy. i want the federal government to secure it. although the way w

. >> but you know, there was a professor at carnegie mellon who said he will get scientific about it down three gift ideas, three for women and three for men and took how much time it took for each one to write down for the men or women to determine who you had to think more for. >> very scientific. >> very scientific and you know what, but it kind of goes into this from "friends." remember this from "friends." this goes to show who is harder to buy a gift for. >> you was gold. this is silver. >> huh. well, maybe it changed. >> oh, my god. you actually exchanged it. >> isn't it better i exchanged it for something i enjoy and that i can get a lot of use out of? >> what did you get? >> credit. >> everything comes back to a "friends" episode. >> you want the results? >> yes. >> okay, men found it relatively easy to think of gifts for other men. it took them about 40 seconds. women took them about 40 seconds to buy gives for other women. but they found it much harder to get gifts for women, it took 60 seconds. >> men for women. >> men for women. >> how about women for men? >> y'all are p

tom: is it taught in a leading technology schools, stanford, caltech, carnegie mellon --does it beginninghe airplane in sfo with this whole california zeitgeist? michael: as far as i can tell, there are no classes on arrogance. we have humble people and other folks in the area. tom: you guys have been very humble with great humility about the reports. time after time after time. now you do automation. should americans fear about automation? michael: our point of view is that in order for growth to continue, we not only need the robots and machines, but we need everybody working at the same time. it will take some time for that to happen. our view is because of demographic trends in aging that we simply won't have enough workers. we need the robots, but we need all the workers as well. as people are displaced by automation, how do we re deploy them? francine: michael, are we confusing globalization and innovation? if you look at the populist wave, is it because of and theation globalization backlash or is it because people are losing their jobs because of innovation and automation? john: w

marvin has done a terrific job carnegie esearch at mellon. wherever he is, he is going to to the te substantially understanding of how these things work and make things better. scarlet: al, the former president of the richmond federal reserve. us.nk you for joining we're here with richard and neal. on is the fed decides bloomberg television and radio. tom. bring in ould like to a colleague, this is frederick, who has a fabulous one volume linking all of has hot air to policy, but of the he governor federal reserve system. give us an update you need to normal to us back to eliminate the financial eliminate the great distortion of our bond market. rick: i don't think it's so policy.e that's in a sense what's how ning that it's amazing long lived the situation has been with balance sheets being restructured, very cautious spending, particularly on the investment front, but we are ahead and we're sort of getting back more to normal. think that's exactly what's reflected in the fed's actions which is that they see we're to normal and re raising in