. ♪ caroline: i am caroline hyde in for emily chang. this is "bloomberg technology."oming up, full steam ahead for the u.s. labor market with 209,000 jobs added in july. we talk coding and the future of automation. plus, a bloomberg scoop. the apple watch is breaking up with the iphone. we will break down the plan to introduce a cellular option and the players potentially involved. after snap fell victim to facebook's imitation game, could google be looking to copy the tech? the u.s. labor market hit its stride in july with the jobless rate hitting an 18-year low. employers added 209,000 jobs. the national economic director spoke with bloomberg earlier on the numbers. >> the president is completely right. these are good numbers. 209,000 nonfarm payroll jobs. unemployment is down to a 16-year low. we are bringing americans back into the workforce. that is what the president set out to do and that is what the president is doing. caroline: joining us from new york is my guest cohost for the hour, david kirkpatrick, and adam enbar from the accelerated program school aimin

. ♪ caroline: i am caroline hyde in london. this is "bloomberg technology."ensions escalate across the korean peninsula. president trump is meeting with his advisors after tweaking -- tweeting military action is locked and loaded. we will explore every angle of the crisis. on helping to push the cryptocurrency market to an all-time high. could tensions on the korean peninsula be partly responsible? we will look into why this volatile asset is being considered a safe haven. validating valuations. tech stocks have entered record territory. how long will it continue? we analyze the data. president trump is doubling down on his threats to north korea. speaking in new jersey, the president said north korea will regret any action it takes against the u.s. or its allies. president trump: if he utters one threat, which by the way he has been uttering for years and his family has been uttering for years, or if he does anything with respect to guam or anyplace else that is an american territory or american ally, he will truly regret it. and he will regret it fast. caro

caroline: fascinating. just want to bring in our national security reporter, who is joining us live now. nick, we are monitoring the un -- the un security council meeting as well. what will come out, statements from donald trump himself? taken to twitter yet? [laughter] nick: he has not yet gone to twitter. that is interestingly a story in itself. the we have seen from administration on this north korean launch is understated. hopefully what they hope will be a more disciplined approach to a north korean launch. they don't want to lose their head and go half cocked. we have heard this is attributable to the chief of wants andn kelly, who interagency process that harkens back to what you would have seen in past administrations. i spoke with someone at the state department today who's said this is how normal , governments do things. when north korea does something like this, you consult with allies as secretary of state rex tillerson did and president trump did. you get on the same page and release a unified

caroline: what about geopolitics?re was a lot of talk of deals in bitcoin as opposed to the south korean won. i do think bitcoin and other cryptocurrencies are influenced by the macroeconomic factors at work. a good example is what we saw last week at fidelity. one of the world's largest brokerages. it is doing integration so coin-based customers can attach their accounts to fidelity and see their digital holdings in line with their traditional assets. it is those types of partnerships, international exchanges like in korea and japan, parts of europe, these are all factors that influence traders and the corresponding price of bitcoin. course, your general manager is particularly aimed at institutional investors. fidelity is one of the institutional investors ahead of the game. they are mining their own bitcoin, let alone integrating it into their own users being able to access the coinbase account. why are some institutional players reticent to get in? why do they need more trust to build in exchanges such as yourself

. ♪ caroline: i am caroline hyde, in for emily chang. this is "bloomberg technology."he in-house drama continues at the start up. former uber ceo travis kalanick driven further away. and why they decide it is time to step down. plus, revenue misses in the face of the competition. we breakdown today's disappointing second-quarter report. --ing jill little geopolitical tensions rattling the market. tensions between the u.s. and north korea continue to escalate. we will bring you the latest at this hour. drama in uber continues to unfold. benchmark capital, which has a 13% stake in uber, filed a lawsuit to remove former ceo, travis kalanick, from the board. they say he engaged in fraud by misleading investors about his -- allies willing to keep him a director. a representative for kalanick said, the lawsuit is without merit and riddled with lies and false allegations. actinghowing benchmark in its own best interest, contrary to uber, its employees, and shareholders. is stepping down from his current managerial role in the company. let's go to brad stone in san francisco w

. ♪ caroline: i am caroline hyde, in for emily chang. this is "bloomberg technology."oming up the in-house drama , continues at the world's most valuable start up. former uber ceo travis kalanick driven further away. uber's longest-running executive ryan graves decides to step down. plus, snap user growth fails to impress and revenue misses in the face of the competition. we breakdown today's disappointing second-quarter report. rising geopolitical tensions rattle financial markets. u.s. stocks, as tensions between the u.s. and north korea continue to escalate. we will bring you the latest at this hour. first, to our lead. drama in uber continues to unfold. benchmark capital, which has a 13% stake in uber, filed a lawsuit to remove former ceo, travis kalanick, from the board. benchmark alleges kalanick engaged in fraud by misleading investors about his effort -- allies willing to keep him a director. this, after he was removed by the top executive, according to the suit. a representative for kalanick responded to the news, saying the lawsuit is without merit and , ridd

i am caroline hyde.sial h-1b visa program has been widely criticized for costing american workers their jobs. president trump: h-1b visas are awarded in a totally random lottery. that is wrong. instead, they should begin given to the most skilled and highest-paid applicants and should never be used to replace americans. no one can compete with american workers when they are given a fair and level playing field, which has not happened for decades. caroline: however, according to , this piece of program has provided -- visa program has provided economic benefits for the united states and india. the combined income as a result of the program rose by more than 2010 accordingin to the research report. for an us in washington in-depth look into the program is the author of the study. thank you for joining us. talk to us about where the economic benefits are sprouting from for the united states and the countries where these foreign, talented workers flow from. >> most of this is because of the nature of the job

caroline: fascinating. just want to bring in our national security reporter, who is joining us live now. , we are monitoring the un security council meeting as well. what do we know will come are particularly from past statement of donald trump himself? taken to twitter yet? [laughter] [laughter] nick: he has not yet how to twitter, that is interesting ly a story in itself. when we have seen from this administration so far is a little more understated. hopefully what they hope will be a more disciplined approach to the launch.they don't want to lose their head and go half cocked . we have heard this is attributable to the chief of staff directly, john kelly, who wants interagency process that harkens back to what you would have seen in past administrations. one said this is how normal governments do things.when north korea does something like this , you consult with allies as secretary of state rex tillerson did and president trump did. you get on the same page and release a unified message. that is likely

caroline? for the brexit bank jobs -- paris will beat frankfurt to become the european union pus main financial center after britain leaves, even as big knowledge that the french capital is playing catch-up. caroline connan spoke with him earlier. >> we will win the race. we will win the race. of attractiveness. because we are taking the right decisions and because we are standing firm. i think the question that the roles during the last month -- will they stand firm? we will stand firm. we will take the difficult decisions. we will lower the french taxes. we will make our country more attractive. take structural reforms and decisions that are needed for -- needed. for instance, we will simplify the market. and i think that many banks, awarenvestors, should be that france is changing. and that this is not something fake. this is something true. things are changing, deeply, in france. and that is why we will win the battle of attractiveness. caroline: still with us is jason schenker and vadim zl

caroline: thank you indeed.joined by the head of level study 9, 1 of europe's biggest fintech companies. wonderful to have you with us. i will take you to a chart using the trustee bloomberg. you can see we are not at the $4000 mark. we can see it going as high a $6,000. are we in a bubble like what cuban says? >> i think that is a very fair analysis. caroline: what is sparking this? what do you think the people you're talking to, some of the fintech companies, why are they feeding this? >> it is important to separate out the bitcoin technology -- the currency from the blood chain technology underlying it. block chain has an enormous underlying potential, and much of the interest is finding the expression in the valuation of bitcoin. we are seeing a galloping ahead of bitcoin in the technology. caroline: not only the price of bitcoin and ethereum ripple, but it is tempting a lot of companies to go to initial coin offerings. you go to the cloud and raise millions. is this something we are seeing in tech -- fintec

caroline: a lot of volatility.on marks, a lot of handwringing, and a decision over to -- whether to back it coin stock or not. not everyone will back the new digital currency. if you own bitcoin right now, you are allowed to get bitcoin cash automatically. but that's only if you had your bitcoin stored in the supportive wallet, in the supported areas and companies that allow you to have bitcoin and get bitcoin cash as well. for example, fred wilson, who is a backer of the biggest exchange out there. he says he doesn't want bitcoin cash, because i don't believe in the underlying technology for now. if you are a bitcoin holder, you have seen a lot of turbulence, a lot of people withdrawing bitcoins out of the exchanges because they were not going to be will to get a hold of bitcoin cash, and trying to put into an exchange. being, there are a lot of people trying to work out where the prices go. i can tell you that about three hours ago the first bitcoin cash was mined. at a moment, it is trading at just a 10th of the

caroline: since when?ughter] mark: how good are you feeling about the outlook for the underlying backdrop and the equity market? caroline: economically we are feeling much more positive about the european region them to have been for a very long time. on the equity side, we have had some times in the past particular driven by germany where we saw acceleration of the earnings in the equity market. we are probably not extremely positive on it now as we have been in the past. we do think it will continue to go up despite the fact that we are expecting it to take a little more euro strength. mark: thanks for joining us, caroline simmons. vonnie: great stuff. thanks to you both. jessica summers is here with more. jessica: attorney general jeff sessions unveiled a government crackdown on intelligence leaks today. >> to prevent these leaks, every agency and congress has to do better. we are taking a stand. this culture of leaking must stop. jessica: there will be a new counterintelligence unit at the fbi that wil

caroline: what is that? if you want to participate directly in the bitcoin network you should run a node that listens to the transactions around it. if you use a simplified client to the network, you are actually relying ton a third party. by using your own form of software, which is what bitcoin companies do, you have direct ownership of your assets under not relying on anyone else. in that circumstance, it is not really possible for somebody to make a change to your ownership or force a non-opt-in upgrade to you. you have to opt in. caroline: i believe the majority would agree. adam great to have you. ,adam back is the ceo of blockstream. emily to you in san francisco. ,emily: caroline, thank you. standing up for principles or censorship? cloud flair ceo matthew prince joins us on cutting ties with the neo-nazi site the daily stormer next. and a feature i want to tell you about, our interactive tv function. check it out at tv on the bloomberg. you can watch us live, check out old interviews, play with

caroline hyde took a look what makes this mark so volatile. are in theurrencies midst of a record setting run. bitcoin have seen values skyrocket. bitcoin, which is close to a household name you can get in crypto currency, has shot up over 350% so far. fact, jumped from just over a thousand dollars at the start of over $4,500,000. and theorem it's on move as well. >> we see companies across all usestries looking at how to this technology. >> it's not been smooth sailing for the currencies. at recent 30 day snapshot in the price. rollercoaster ride. august of last year, bitcoin hackersd 13% after stole $65 million. this year -- have to remember this technology still pretty new. plenty ofre still promising opportunities. big investors mark cuban are their weight behind crypto currency. starting to see more financial institutions and retail currency.embrace such sec approve the traded fund, it make it easier for the in.yday investor to jump bitcoin soared pasted price of gold. years removed from the crash of 2013. buckle up. emily: caroline hyde

caroline: talk to us about the geographical layout.m hearing china have been areas many of the mobile and phone makers have been positioning in. this is something that as the unit maker, you have to be in as well. >> we work with the oem manufacturers. north america and europe is fairly saturated, so the business is replacement with new products. they have to be really exciting to stimulate demand. on the other hand, in many emerging markets like china in the last three years and more and more india, and i think other areas of latin america, there is plenty of growth as the smartphone pervades the use across the world. so those companies, for example, we are working with companies that primarily used to focus on north america were china. now they started exporting to southeast asia and india as well. that is how our chips get used. caroline: the chips in the mobile phone spring to mind. you are talking about potentially exciting new phones coming on the market. one of the big companies that you supply do is apple. are you excited about

joining me, bloomberg's caroline hyde in london. take it away.roline: i'm joined by peter denious, the global head at aberdeen. he joins us now. welcome to "bloomberg technology." we could -- were hearing how you can gain exposure encrypt knowcurrency -- in cryptocurrency. you are looking at funds that are investing in block chain startups, in ipos, digital currencies. what makes a fund stand out to you? peter: it is early days. we are seeing a tremendous amount of excitement and cryptocurrencies. it's been pretty slow for the venture capitalists to jump in and invest in the sector. we are seeing some new fund offerings. it is trying to figure out how experienced are these , have theye sector been thought leaders in the sector, do they have any experience either in investing in these offerings or working with the underlying companies that are behind them. caroline: when we talk about exuberance and excitement, i want to show our viewers what we've seen in the bitcoin price alone, now trading at three times where gold prices have been trading. 242

emily: caroline hyde and david kirkpatrick there. tech giants have taken advantage of tax loopholes in the region. lowering cost and grabbing market share from local competitors. speaking exclusively with bloomberg, the finance minister of france talking about proposing new rules that could have big implications for the tech industry. >> it is a strategy based on the same rules for everyone. when you are doing business in france or europe you have to pay taxes. you cannot take the benefits of doing business in france or europe without paying taxes that other companies, french or european, are paying in europe or in france. the same rules for all of the companies and for all states. >> does that mean that you want to lower the corporate tax to 25% everywhere in the eurozone? >> we would lower the corporate tax from 33% to 25%, in 2022. and then the second step, we want to have tax harmonization among members of the eurozone. you have 19 members of the eurozone, you have one currency, the euro, and you have 90 levels of taxes. and you

emily: caroline hyde in london, thanks so much.pple to facebook to amazon, they are stepping up spending on original shows and content. we will break down the new media marketplace next. this is bloomberg. ♪ emily: digital dinosaur d.n.a. is causing the game-maker's shares to soar. they hit a record high today after news they are developing it for p.c.'s and gaming consoles. this the climbing 19%, meaning shares have tripled in value since the start of the year. the company backed by tencent hopes to announce another franchise project in the next year. competition in the streaming space is set to get more intense. apple's $1 billion in spending on original content in 2018 will allow it to produce a about 10 new shows. apple is entering a crowded field already dominated by netflix and amazon. netflix will spend $7 billion on content in 2018. here to weigh in, we are joined by michael wolff of activated, activate, former president of mtv network. how well can apple compete in an already crowded market? michael: apple brings a lot to

caroline: that was an interesting point that mark cuban made out.s of some of these bubbles like bitcoin, you will see the ico's, the digital currency versions of amazon, google, facebook, come to be the real game changers. where will they be based? san francisco, london, switzerland? switzerland is trying to claim precedent. ben: there is a huge amount of innovation. we can look further afield as well, and china, russia, japan. also great innovation in cryptocurrencies. we should be ready to be not surprised where the real progress arrives. but of course, it is also important to look beyond cryptocurrencies, and consider for example the implications of smart contracts. there are very exciting developments, which are also built from the same essential foundations. caroline: there been questions as to whether one digital currency will win out over all. do you believe one will or can we have many? ben: i think we will have many. you look at the governance debates and the technology debates that have been shaping the recent developments of bitcoin. i d

emily: bloomberg's caroline hyde with level 39 ben brabin.d an ordinance to outlaw using a cell phone while crossing streets. it is $30 per violation. u.s. pedestrian deaths have been on the rise but there are no statistics to show whether texting played a role in fatalities. coming up, is facebook copycat strategy paying off? why the team user base could be waning. the solar eclipse got everyone's attention, even president trump. he got glasses to watch outside the white house. we discussed the excitement around the once in the 100 year event. this is bloomberg. ♪ ♪ emily: this year, facebook is expected to see a decline among teenagers users in the u.s. 14.5 million people will use facebook in 2017. that is a 3% drop from the prior year. this is the first time a research company has predicted a fall in facebook usage from any group. teens are migrating to snapchat. -- snapchat and instagram, which is owned by facebook, but will snap be able to capitalize on this weak spot? sarah joined us to break down. sarah: we have seen the stock climbed

caroline: plenty.ompany that many have wanted to move into the content space for a while. they started to launch the planet of the apps. have you seen this? they have made these tentative moves. it's where jessica alba and will i am get on. brutaltly it's pretty stuff if you are the inventor. they have also just launched a full series of carpal karaoke. nejra: i've seen that. caroline: did you like the reason one with will smith? nejra: i haven't watched it yet caroline:. it has gotten some critical reviews as well. nevertheless, they are dabbling in content. nejra: thank you so much to our caroline hyde, talking is through amazon. equities, 35 minutes until the end of trading, stronger than we were seeing yesterday. the dax hitting its highest level in at least a week in this session, in the green across the board. this is bloomberg. ♪ . >> 11:00 p.m. in hong kong, 30 minutes left in the equities trading day in london. the europeanis close off bloomberg markets. ♪ metrolink the top story -- nejra: the

this, caroline hyde in london. take it away. caroline: thank you so much.ned by gerald grech, a ceo. interesting policy statement that we've got from the government ahead of their negotiations. status quote is what they want -- status quo is what they want. do you think they will get it? gerald: it's important that we get this right. when you look at the data economy, the digital economy in overall, as a share of gdp, it's the highest in the world. 10% of its gdp comes from digital economy. of large digital businesses founded in europe are actually founded in the u.k. it's important for both the u.k. and the eu that they have a mate -- a mutually beneficial relationship going forward. caroline: the eu, the u.k., and the companies that you advise. what are they talking to you about at the moment? is it consistency they need, regulatory clarity? gerald: there are a number of things. access to finance. infrastructure. political leadership. this is one we have seen announced today about data exchange between the eu and the u.k. when you look at investment, one

i'm caroline roth. and these are your headlines outflows of stand life's funds pull shares near the bottom of the european equity market along abidine. the ceo tells c nbc he's positive ahead of the tieup. >> the main thing for me is not just the half yearly numbers but the fact that we saw increased diversionfication of our flows, so execution of strategy was in a good place which puts i think firm foundations for the merger >>> losing its find. pandora blames a challenging u.s. retail environment for its second quarter profit miss shares off by 9% >>> and trade data from china disappoints but the country maintains a healthy surplus with the u.s. >>> good morning, everyone, it is tuesday and taking a look at the map this morning, the stoxx 600 isn't going anywhere we're just holding ton the flat line the stoxx just out of the gates up by 0.2% now, an hour into the trading session we are flat as a pancake. again, that's a pretty quiet day when it comes to economic data the only piece of data we got out

caroline: what about geopolitics?re was a lot of talks of deals being done in south korea and with ethereum as well. are there geopolitics at stake driving it higher? >> i think with other digital currencies, they are all influenced by the macroeconomic factors at work. a good example is what we saw just last week at fidelity, one of the largest brokerages here in the u.s. they are doing and integration so all coinbase customers can attach it to their accounts. it is those types of partnerships, international exchanges like what is going on with korea, japan, parts of europe. these are all factors which influence traders and the corresponding price of bitcoin. fidelity is one of the institutional investors ahead of the game when it comes to digital currencies. they are mining their own bitcoins and also pushing technology to help users access their account. why are some institutional players reticent to get in? why do they need more trust to build in exchanges such as yourself? bei think the c.e.o. will looked back on

. ♪ >> liam: you just -- you just said caroline, like my cousin -- my cousin caroline... is dying. >>thought you knew. >> liam: nope! nope. in fact, i don't even know how that's possible because i just saw her -- i just saw her and she was fine. >> sally: [ sighs ] i can't believe i... >> liam: how did you -- wait. wait. wait. how did you find this out? did you hear it from thomas? thomas told you this? >> sally: yes. that is why he's in new york. he wants to spend as much time as he can with caroline and doug-- >> liam: before she dies. >> sally: [ sighs ] >> liam: oh, my god. >> justin: you told thomas caroline was dying. >> bill: stubborn fool didn't give me a choice! i asked him to step up and be there for his family. sn

please join me in thanking all the and caroline.plause] >> it was beautiful. >> rate, thank you so much. >> okay, we are now going to jump right into her first panel involving the media. ladies and gentlemen, this is an extraordinary group you are about to hear from. these leaders of journalism, well, we have with us mark thompson from the see how of "the new york times," gary rosen, editor of the saturday review of "the wall street journal" and author of a brilliant book about james madison and data in a linzer come ahead of politics at nbc. their participation started when mark came to the constitution senator center to discuss his brilliant new book called enough said, which is this discussion of how the degradation of broderick, which began during the classical period as a way of taming passions of the crowd may be inflaming it. i invited mark after this great discussion to join this commission. he agreed, to join this panel and you'll hear from the top media leaders with one of the most urgent questions of our time, which is ho

this is caroline in the afternoon... it's recently returned to the water.e. because while we dine out on our nostalgia, which is our selling point, we also want to now look to the future. this is radio caroline. the sound of the who. # people try to put us down... having been streamed online since the late ‘90s, the station has just been granted a new am broadcast license. 50 years after the law that tried to ban them, britain's pop pirates are back on the water. # my generation, baby...# tim muffett, bbc news. the chimes of big ben will be heard for a final time next week, before major conservation work begins on the westminster tower which houses the bell. the clock won't resume its regular time—keeping duties until 2021 although specialist clock makers will ensure that big ben can still bong for important national events such as new year's eve and remembrance sunday. 0ur political correspondent leila natthoo has the story. we are right at the top of the elizabeth tower, above the clock face. and here it is, big ben, all 14 tonnes of the great bell that r

i thought what we saw tonight was trump at its best. >> woa, caroline?> i'm going to say he looked unhinged. republicans, many of them see him what i call trump goggles. i think he's lost a lot of legitimatesy and he didn't happ his case. he did not help his case this evening. he didn't talk about the people who lost their lives on "u.s.s. john mccain" but he went after john mccain of battling his life -- >> it's not pair to give somebody a pass. john mccain is a hero -- >> but it's stupid. donald trump looked like a child going after him, it's not smart politics to go after someone who's battling brain cancer. >> let me bring in austin here. was it smart politics? was it smart to make this speech -- to john's point this was a speech that hit all the notes but was this the time to make this particular speech? >> i agree with john, i think this was his greatest hits. he's playing what worked from the campaign. if john and his speech writing team maybe not the way we would have done it but he's consistently keeping the media after kilter. i think his team

caroline, thanks so much for weighing in.ur exclusive conversation with facebook chief operating officer, sheryl sandberg. as part of the interview we talk , about why companies should have a zero-tolerance policy for sexual harassment. this is bloomberg. ♪ emily: sheryl sandberg is going into her 10th year as facebook coo, having made a giant debt in the cultural zeitgeist in her book, "the call to action for working women." when her husband died unexpectedly, she wrote her second book, "option b." she has a new call to action for companies and the leaders as corporate policy continues to evolve. sheryl: i realize after i lost dave how badly we deal with grief. how badly we deal with not just finding what we need for ourselves, but supporting each other. i realized before i lost dave, i had no idea how to handle a colleague going through something hard. i would address it once, i am so sorry for your loss -- then it would never mention it again. i realized even the basic pleasantries, how are you, to someone who was diagnose

emily: all right, caroline hyde in london, thanks so much.een travis calendar and benchmark is only growing more heated as the two -- travis kalanick and benchmark is only growing more heated as the two parties prepare to face off in court. benchmark has asked a judge to block kalanick from filling two board seats. meantime, a judge will hear arguments on whether benchmark can proceed to trial with its claims that kalanick duped the board into giving him control of seats on august 30. coming up, amazon releases new details on what the integration with whole foods will look like. we will discuss the e-commerce giants impact on the grocery space. this is bloomberg. ♪ emily: alibaba is closing in on amazon in a race to be the world's most valuable e-commerce company. at $450 billion, the chinese company's total worth is just $7 billion shy of its u.s. rival. as you can see on my terminal, the gap has been narrowing quickly after amazon's latest quarterly results disappointed investors and alibaba's beat estimates. staying with the everything wil

i will talk to you, caroline.t this situation with bloomberg when it comes to the sexual assaults that were failed to be reported. caroline: this is a rather explosive report that came out, reported by the sunday times. there was a copy of a letter sent by the senior member of the metropolitan police alleging to the transport from under authority -- for london authority that uber is failing to report sex attacks and other crimes. they went to far -- as far as to say they were six assaults on passengers, and one us all that had gone unreported. they also say they think this is because uber is trying to avoid any reputational damage. this goes all the way back to april. what is also notable is they say in this letter, by the way, the license is under review for upr, and it is coming september 30. could this be under consideration for the extension to operate here in london? to general manager, trying find details as to how they have been working with metropolitan police. they outlined how they work and how they hire

caroline: concrete evidence is few and far between.ent back to the post that announced this hiring in germany today. three times they mentioned the need for necessary support. they clearly realize there is this concern about, when people are staring into the abyss of human depravity, what kind of support can you give them from a psychological point of view? they will be giving them counseling available. there will be plenty of training available. these have been hired by contractors. how much control will they have? the contractors are based in germany and will be working closely in the network. it is hard to know exactly what kind of support they will have. emily: david? david: this shows how serious the problem is. in germany, just in the german language, they will have 1200 of their 7500 people. think about all the other languages. if they had a proportionate number in every language, it would be hundreds of thousands. emily: it is a herculean effort. thanks so much for weighing in. our exclusive conversation with facebook chief ope

matt: carillion, thanks so much -- caroline, thanks so much. caroline kanaan.cuss risk and reward, next. this is bloomberg. ♪ auto salvage. camacaro makers on politicians get this critical industry back under control? gsd the things are -- the fand are out. will the next iphone live up to expectations and is tax reform needed to keep the investors on board? plus, litigation clouds linger over socgen. we just talked about ceo bloomberg who tells befriends lender is time to thought this as quickly as possible. good morning and welcome to bloomberg markets --"bloomberg markets: european open." guy. guy: let us talk about how we are 30 minutes into the trading day. this is the picture we find ourselves without the moment. equity market that headline levels. really are going anywhere in a hurry. focus should not be on what the indices with level. we are going to get big moves. what we are going to get is moves on an individual level, so the market is stocks rather than the stock market. in terms of what is moving on the upside and downside, the of socgen, one of the

julie: caroline hyde, with today's walk the talk -- vonnie: -- mark: caroline hyde, with today's walkk. they stocks euro 600 up by a quarter of 1%. a quick peek at the currency board. quiet on the economic data front. sterling lower against the dollar. the close is next. ♪ mark: 11:00 in new york, 4:00 in london. 30 minutes left in the trading day, and europe. i am mark barton. vonnie: and i am vonnie quinn. this is the european close. ♪ mark: hereunder a top stories we are covering around the world. we will cover the latest opportunities in emerging markets including south africa where the parliament is taking a critical vote on whether to remove the president from office. and retail, michael cores gaining, today. the right strategy to deal with north korea.

emily: caroline hyde there for us in london. thanks, caroline, for that update. now coming up later this hour, the total solar eclipse is on its way. we'll see how tech companies will plan to shine a light in the shadow and have that conversation between steve bannon and bloomberg. this is bloomberg. ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. loomberg technology." tells josh green of bloomberg news he is going to war for president trump and will take on the president's opponents in media, congress, and in business. his departure came following clashes with members of trump's family and other white house officials. former u.s. ambassador to nato the u.s. isrg experiencing a crisis of leadership. optimistic, but the president is a wildcard. he has shown that in issue after issue. he needs to center this administration and rely more on his cabinet sec

emily: caroline hyde for us in london, thanks so much.'donnell, president of technologies, you are sticking with me. alibaba makes a push to catch amazon in the race to become the world's most valuable company. what drives the companies on opposite sides of the world? our interactive tv function. you can watch us live. you can go back to our interviews. you can send producers a message. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪ emily: alibaba is closing in on amazon in the race to be to world's most valuable e-commerce company. shares of alibaba have almost doubled in price over the last year while amazon shares have only increased 25%. at $450 billion, the chinese company's work is just $7 billion shy of its u.s. rival. joining me in the studio, bob o'donnell. and from new york, selina wang. what do you make of this convergence in share price? we have a chart to show it to you. >> i think there are three main reasons driving the share price convergence. first of all, there is alibaba's lar

caroline: this is the ongoing debate.e have been hearing from the ceo about how he feels he is in the driving seat here, even though we've heard leaks from sprint saying that they've had positive negotiations so far. we've also heard from the likes that they might be potentially looking at instead, maybe a competitor, maybe charter communications instead. so, as yet, we don't know who could team with who. the ceo of deutsche telekom has claimed that they will decide what, when, and how. they say this is their kingmaker. the reasoning is, of course, they could potentially do a deal with another mobile company, strengthen consolidation. they could be saving money if they got into bed with sprint or competitors the likes of at&t and verizon. maybe we see a little bit of horizontal consolidation, not just vertical, because we might see a cable deal done here. maybe they want to get into content. maybe amazon will team up with t-mobile u.s., something that has been circulated by analysts. analysts are also saying they could st