♪ caroline: i'm caroline hyde and this is the best of bloomberg technology where we bring you all theop interviews of the week in tech. coming up, all the industry leaders of this week's consumer electronics show, including our extended conversation with i.a.c. founder and chairman barry diller. plus, aol c.e.o. tim armstrong joins us as we mullet the new options. and tesla swerves. the electric carmaker's recent delivery numbers missed estimates. firs

i am caroline hyde. here in the united states as donald trump takes the reins of the united states. spoke abouth, he making america his tea party. let's bring in our chief bureau correspondent. harness technology of tomorrow is what he promised the tech sector, but what can we beg going forward? >> he is facing increasing pressure to do something about cyber security, facing pressure not only from democrats, but also from republicans within his own party as a result of russia's meddling in the u.s. election. there is even more growing pressure for investigations living congress. the second thing, and this is perhaps where we don't know what he will do, is it that he has a valid to reshape the infrastructure of government , thes, including the irs better the technology to bring it up to speed with the modern times. caroline: a few tech issues at the heart of that. what about come monday, hitting the ground running, you expect that to be enough? >> with regards to technology we're going to have to wait and

i am caroline hyde. where the fitbit has rolled out new features for the new year. 2016 withhad a tough a 75% collapse in the share price but is looking to bounce back by adding new social features and offering financial incentives for meeting fitness goals. will it be enough to convince consumers it is a must-have item in an increasingly crowded market? joining us from las vegas is the fitbit c.e.o. and cory johnson. wonderful to have you join us. let's begin with the financial incentives to keeping fit. you are sealing a deal with united health care and qualcomm. how wide will this go? >> it is a pretty big deal for the industry. everyone has talked about when insurance players will connect with wearable companies and provide incentives. this is the first real integration that proves that out. united health care is going to provide up to $1500 in incentives for people to reach physical activity goals using their fitbit charge. i think this will be the first of many deals of this type in the industry. i

♪ >> i am caroline hyde.his is the "best of bloomberg technology" where we bring you all of our top interviews this week from tack. the tech earnings season heats intelphabet, microsoft, reporting. targets anon acquisition, but will it help verizon keep pace with at&t? in, how a $3.7 terminatesuisition the first major tech ipo of 2017. first, a huge week for tech earnings. this of course and a week where the dow average marched beyond 20,000 for the first time. let's kick things off with alphabet. take a listen. >> you have to take a step back. has is a company that massive levels of growth and yet people are finding those little areas. the problem is always expectations. numbers is clearly a challenge for them. we are seeing them spend money on some other pests that i think will pay off. in the short term, there is extra money being spent, but they have very interesting opportunities. beyondt has to extend the advertising business model. these bets will start to pay off. we are starting to see spending in th

♪ caroline: i am caroline hyde.his is the "best of bloomberg technology". , the president elect meets the press. donald trump faces reports from hacking to the media itself. making sure tech titans play by the rules, our exclusive interview with eu competition minister. mary terview with barra, ahead. president elect of donald trump tackled one of the most controversial issues plaguing his administration, russian hacking. he has previously cast doubts and the accuracy of u.s. intelligence. he did again wednesday. >> i think it was russia, but we also get hacked i other countries and other people. >> if putin likes donald trump, i consider that an asset. trump vigorously announced reports that the russian government has gathered compromising information about him. was amongst the first firms to identify this group. take a listen to our layrasation with more gallant galante. have seen is a journalistsargets, in chechnya, defense at -- a so a variety of different targets we have seen this group go after. they will brea

i'm caroline hyde.ts and security are emerging as a major concern for 2017 that came to a head this week. russia was front and center. on theirstood firm conclusion that russia was behind hacking attacks during the presidential election. intelligence officials said only russia's senior officials could have done that they -- done the data theft. we talked for bloomberg reporter. >> the three spy chief said they have more confidence than they did in october when they first released the report same russia was behind it and that was the case. they pushed back why did it -- quite a bit of the public byticism they received donald trump who said earlier this week everything had been delayed, and he thought it was because they had to build their case. the spy chiefs make clear they had a very solid case and they will present the case to the president-elect tomorrow. >> you're talking at trump's push back. he took to twitter, his favorite form of discussion, talking about his nation with julian assange the 90 is

i am caroline hyde. back to the top story. president trump's agenda.sinesscaroline: thg technology." i am caroline hyde. back to the top story. leaders showing that job creation is a top priority. tech companies around the world companies are eager to align with the administration. foxconn and ibm. foxconn may build a u.s. of $7y for upwards billion. it could create tens of thousands of jobs. then, ibm. it pledged to hire 25,000. they are cutting jobs. it pledged to hire 25,000.back t david kirkpatrick. fly joining us is our gad columnist and with me on set is editor at large is cory johnson. let's go to ibm first. being accused of hypocrisy here. ts are notrnative fac limited to the white house press meeting, apparently. president trump talking about adding jobs, by the same time, the company has been cutting jobs, and cutting them aggressively. if you look at the number of employees for the company, it looks really good with the company saying they would be hiring more in the u.s. nonetheless, what we see ibm doing is cutting. the number of employees

. ♪ >> i am caroline hyde. this is bloomberg technology.e will follow the path to production as driverless cars make the turn from the labs to the showroom. carmaker's latest delivery numbers miss estimates. -- details behind soku 's plans to go public. now, c.s. kicks off this week and it will be a convergence of detroit and silicon valley. is sick critical time for cars to move from the testing phase to the mass audience. gmes like google, ford, and are trying to put their best foot forward. tesla moved lower in after-hours trading after the company came up short on production and delivery figures. tesla sold about 20,000 cars in the last quarter, below analyst expectations. in 2015, they produced about 84,000 vehicles and produced -- studio, the tech entrepreneur and privacy advocate, he is now the managing partner of the newly launched firm heroic ventures and a guest host for the hour. these tesla numbers were pretty high and ambitious. is it about not quite living up to these expectations? >> that is pretty much it. elon musk had such

♪ >> i am caroline hyde.his is "best of bloomberg technology", where we bring our top interviews from the weekend tech. all the industry leaders from this week's consumer electronics show, including very diller. ass, tim armstrong joins us ull its continues to m options. tesla misses its latest estimates. first, the biggest tech trade show of the year here in the united states. the annual spectacle offers a glimpse of the early tech themes, from home improvement to driver technology. iac webb caught up with founder and chairman very diller. r -- to being a negative drag on you, then you have a very lousy business. it is all today's ridiculous silliness. >> there were some merger efforts in a similar space, cbs-viacom fell apart, do you see that deal being resurrected? >> it should never have happened. >> why is that? if you are on the cbs special committee representing shareholders, you are not going to buy viacom at anything but a bargain sale price. if you are on the other side of a special committee, you w

i'm caroline hyde. emerging as a major concern in 2017 and came to a head at the cybersenate hearing where russia was front and center. top u.s. intelligence officials stood firm on their conclusion that russia was behind hacking attacks during the presidential election. intelligence officials said only russia's most senior officials could have authorized the disclosures that happened during the recent election. we spoke with bloomberg politics reporter bill ferry from capitol hill for the latest. bill: they said that they have the three spy chiefs who head on the hill said they have more confidence than they did in october when they first released the report saying russia was behind it, that that in fact was the case. and they pushed back quite a bit against some of the public criticism they received by donald trump who said earlier this week that a briefing had been delayed and thought it was they still had to build their case. the spy chiefs on the hill made clear today they think they have a solid c

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology".etflix's groundrules, a huge beat this week. down the case against qualcomm as the fight over licensing heads to court. decided not to arrest some signs heir apparent. netflix reports the biggest quarter ever this week. netflix added 7 million subscribers to finish the year with 94 million members, beating analysts estimates. thecompany credits popularity of newcomer original content. but the cost of this additional investors' is one of chief concerns. cory johnson joined us to break down the numbers. cory: it was dvds, then movies with a little original content. most of their spending is going towards original content. in their ownow avengers, which they were called the defenders. they will build a mountain of original content. they have spent a fortune on marketing, the biggest spend they have ever had. the marketing spend was greater than ever before, showing an increase. 11 point 5% of revenue, and the number seemed to be coming down. what they are doing with a lot of that money is

i am caroline hyde. this is the "best of bloomberg chnology". coming up, the preside elect meets the press. donald trump faces reports from hacking to the media itself. making sure tech titans play by the rules, our exclusive interview with the eu competition minister. our interview with mary barra, ahead. president elect donald trump tackled one of the most controversial issues plaguing his administration, russian hacking. he has previously cast doubts on the accuracy of u.s. intelligence. he did again wednesday. >> i think it was russia, but we also get hacked by other countries and other people. >> if putin likes donald trump, i consider that an asset, not a liability. caroline: trump vigorously denounced reports that the russian government has gathered compromising information about him. fireeye s t thamongsfirst firms todentify this group. take a listen to our conversation with laura galante. >> what we have seen is a variety of targets, journalists in chechnya -- so a variety of different targets w

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology".e bring you all the top interviews from this week in tech. coming up, netflix's crown jewels come out with a huge beat this week. we will break down the case against qualcomm as the fight over licensing heads to court. and why a judge decided not to arrest samsung's heir apparent. and what is next for south korea's most viable company. but first, netflix reports the biggest quarter ever this week. the stocks fall on the news that netflix added more than 7 million subscribers globally to finish with 94 million members, beating analysts estimates. on the domestic and international level. the company credits the popularity of original content. including "the crown" and more seasons of "gilmore girls" and "black mirror." bloomberg editor at large cory johnson joined us to break down the numbers. cory: not too long ago it was a company that rented out dvds and then movies with a little original content. now most of their spending is going towards original content. including things like "luk

i am caroline hyde.n time warner and at&t has many wondering if mergers like this will be the new normal in 017. network owners are under growing pressures they continue to lose customers to online services like netflix. so has cable tv reached a tipping point? we put the question to bloomberg editor at large cory johnson and gerry smith, bloomberg news media reporter. gerry: you think about the television industry, it is like a slowly melting ice cube. there are still about 98 million people in the u.s. that subscribe to pay television, but it loses a couple million subscribers each year. and eventually, you know, media companies look around and say this is not an industry that is growing anymore. maybe we need to partner up and find someone, whether it is another distributor, or do a merger with another media company potentially. everyone is looking around in the fast changing landscape and looking for some security. caroline: not an industry that is growing, tv, but there is an industry growing on the

i am caroline hyde.his is the "best of bloomberg technology". we bring you all our top interviews from this week in tech. coming up, the president elect meets the press. donald trump faces reports from hacking to the media itself. plus, it is her job to make sure tech titans play by the rules. our exclusive interview with the eu competition minister. our interview with general motors chairman and ceo mary barra, ahead. president elect donald trump tackled one of the most controversial issues plaguing his administration this week, russian hacking. he has previously cast doubts on russia's role in the u.s. election and the accuracy of u.s. intelligence. he did again wednesday. mr. trump: i think it was russia, but i think we also get hacked by other countries and other people. if putin likes donald trump, i consider that an asset, not a liability. we have a horrible relationship with russia. russia can help us fight isis. caroline: trump vigorously denounced reports that the russian government has gathered

♪ caroline: i am caroline hyde.his is the "best of bloomberg technology" where we bring you all of our top interviews this week from tech. the tech earnings season heats up with alphabet, microsoft, intel reporting. this is the dow clocks in above plus, verizon targets an 20,000. acquisition, but will it help verizon keep pace with at&t? and cisco swoops in, how a $3.7 billion acquisition terminates the first major tech ipo of 2017. first, a huge week for tech earnings. this of course in a week where the dow average marched beyond 20,000 for the first time. let's kick things off with after that reporting on thursday . take a listen. >> you have to take a step back. here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. the problem is always about expectations. the ad click numbers are clearly a challenge for them. what's good is we are seeing them spending money on other bets that i think will pay off. in the short term, there is extra money

♪ caroline: i am caroline hyde.his is the "best of bloomberg technology," where we bring you all our top interviews this week from tech. coming up, the tech earnings season heats up, alphabet, microsoft and intel reporting this week. the dow hit above 20,000. verizon targets charter communications, but will it help verizon keep pace with at&t? and cisco swoops in. the ceo told us a $3.7 billion acquisition terminates the first major tech ipo of 2017. first, to our lead, a huge week for tech earnings. at-bat, microsoft, intel, qualcomm all reporting. this at a time when the dow jones was beyond the 20,000 level for the first time. let's kick things off with alphabet reporting on thursday. take a listen. >> you have to take a step back. here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. the problem is always expectations. obviously we will talk more about this, but the ad click numbers is clearly a challenge for them. what's good is we are

caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, the u.s. hits russian officials with sanctions over what washington says was an unprecedented attempt to interfere with the presidential election. plus, the rise of the robots with u.s. jobs in the crosshairs. we'll discuss whether humans and a.i. can peacefully coexist and we'll take a look at the biggest tax break news from 2016, from from personal a.i. assistats to reusable rockets becoming a reality. but first to our lead, the obama administration has imposed sanctions against russian officials and state institutio in retaliation for hacking democratic party eils. it's the first public retaliation for what u.s. officials said was an unprecedented attempt to interfere with the 2016 presidential election. we spoke with former cia analyst and now senior policy adviser for the counter extremism project. along with bloomberg's foreign policy reporter nick warden.

i am caroline hyde.his is the "best of bloomberg technology," where we bring you all our top interviews this week from tech. coming up, the tech earnings season heats up, alphabet, microsoft and intel reporting this week. -- cis the dow clarkson locks in above 20,000. verizon targets charter communications, but will it help verizon keep pace with at&t? and cisco swoops in. the ceo told us a $3.7 billion acquisition terminates the first major tech ipo of 2017. first, to our lead, a huge week for tech earnings. alphabet, microsoft, intel, qualcomm all reporting. this at a time when the dow jones was beyond the 20,000 level for the first time. let's kick things off with alphabet reporting on thursday. our conversation with adam burke . take a listen. >> you have to take a step back. here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. the problem is always expectations. obviously we will talk more about this, but the ad click numb

. ♪ ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology".u all the top interviews from this week in tech. coming up, netflix's crown jewels come out with a huge beat this week. we will break down the case against qualcomm as the fight over licensing heads to court. and why a judge decided not to arrest samsung's heir apparent.

. ♪ ♪ caroline: i am caroline hyde.bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, the president elect meets the press. donald trump faces reports from russian hacking to the media itself. plus, it is her job to make sure tech titans play by the rules. our exclusive interview with the eu competition minister.

. ♪ ♪ caroline: i am caroline hyde.he "best of bloomberg technology," where we bring you all our top interviews this week from tech. coming up, the tech earnings season heats up, alphabet, microsoft and intel reporting this week. the dow hit above 20,000. verizon targets charter communications, but will it help verizon keep pace with at&t? and cisco swoops in. the ceo told us a $3.7 billion

. ♪ ♪ ♪ i am caroline hyde.est -- and this is the best the bloomberg technology. all of the industry leaders from the consumer electronic show. including our extended conversation with barry diller. armstrong joins us as verizon continues to monitor the options. swerves.ords -- tesla

now we go back to caroline hyde in san francisco. caroline: a fascinating conversation. so timely.hank you. deutsche bank is telling its employs to put down their phones. the bank is battling text messages. a person with knowledge on the matter says it is an effort to improve compliance. up next, first impressions of the nintendo switch. we get our hands on the gaming console and hear from nintendo america president about how it fits into the company's strategy. and a reminder that all of our episodes are live streaming on twitter. check us out at 5:00 p.m. in new york. this is bloomberg. ♪ caroline: to the gaming world. nintendo launched its new console, the switch. $300. the price came as a surprise to some analysts, who had expected to be less. we caught up with the end -- the nintendo america president and asked him how the company justifies the higher price tag. >> we believe the price point is justified. me give you a few data points. and thepresales, feedback we are from retailers is very positive. a number of the presales have come up and had to come down based on the extre

caroline hyde, bloomberg news, san francisco.haad: we are looking at comments from president trump and his treasury secretary, raising eyebrows. ♪ rishaad: we are back with bloomberg markets: asia. i am rishaad salamat. at the moment, the yuan about 15 minutes ago was the strongest we have had for the currency since november 14. getting a reaction when it comes to the open, nearly upon us in shanghai and hong kong. talking of markets and equity markets, what we have is unconvincing as far as wall street. it is getting a few tailwinds. nikkei is up marginally and the hang seng, .3% higher. on the currency markets, remarks by the treasury secretary , about the. mnuchin dollar being perhaps excessively strong and damaging the u.s. economy in the short term -- that is playing out in the markets. greenback against the majors, particularly looking at stirling, the yuan, and the yen on 113.1. let's get to the open. here is sophie. we are seeing the dollar pairs methods declines after the hit delivered by trump and mnuchin, gold giving u

i and caroline hyde. back to the top story. president trump agenda -- trump's agenda. official showing that job creation is a top priority. to align are eager with the administration. foxconn and ibm. factorymay build a u.s. . it could create tens of thousands of jobs. then, ibm. hi clenched to higher 2500 -- re 2500. on set is cory johnson. let's go to ibm first. being accused of hypocrisy here. >> alternate facts are not pressd to the white house meeting, apparently. trump talking about adding jobs, by the same time, the company has been cutting jobs, and cutting them aggressively. if you look at the number of itloyees for the company, looks really good with the company saying they would be hiring more in the u.s. nonetheless, what we see ibm doing is cutting. the number of employees have been declining, at the same time, the revenue has been declining. in the bloomberg terminal, use the a list of all the job cuts. scroll through there. we can scroll through their, -- there, and the list goes on and on. the stockappened to prices, you can see, coming down over time.

technology caroline: i'm caroline hyde, this is "bloomberg technology." alibaba leads the charge. how the bets on content and the cloud is paying off for china's e-commerce giant. s&p.t highs for the we will break down what stocks are leading the game. the verizon-yahoo! deal is still in play, but now going into overtime. we will look into potential impacts on the acquisition of the verizon's worst governments report since 2014. alibaba reported better-than-expected quarterly results. the company lifted its yearly sales forecast. ventures are bolstering the giant. dig into the nitty-gritty for us. reporter: it's almost too good to be true. they raised sales forecasts. is thatg interesting the number of active buyers didn't cry too much, less than 10%. a lot of the growth and reasons why investors are pushing up stock is because of the growth and it's more fledgling businesses. thought triple digit growth in the cloud division and media and visual entertainment business. a lot of talk about how that is the next new growth strategy for alibaba and how they are going to integrate all

. ♪ caroline: i am caroline hyde, this is "bloomberg technology."hat social media giant is back in the u.k. ahead of its potential $25 billion ipo. plus, the jeff sessions files. the trunk cabinet pick answers tough questions. it covers encryption and integration and hillary clinton's emails. we break down the headlines. and alibaba's offline that. -- bet. jack ma is betting he can revamp china's retail industry. first, to our lead. snap has chosen london as its international headquarters. the parent of the pop where does popular snapchat as to cap -- messaging app. it was a surprising move for a u.s. company. in recent months, the practice of tech giants to move to more tax friendly areas has them under scrutiny. he spoke exclusively on monday regarding competition. >> what we are aiming at his -- is behavior. the things that happens, if one company or a group of companies are given state aid not available to other companies. that seriously makes the playing field not level. that disables fair competition. caroline: smart move by snap? alan: they h

." ♪ caroline: i'm caroline hyde.his is "bloomberg technology." , thelue out with earnings stock dropped over 19 quarters. we will break down the earnings scorecard. plus we will hear from a silicon valley veteran. ceo joinsard member us with his outlook on the industry as donald trump takes office. alibaba goes for gold. how it scored the biggest sponsorship deal in olympic history. but first, to hourly. shares of ibm lower on the back of the company's fourth-quarter earnings. the bloomberg terminal is showing how the trading after-hours is off by more than two percentage points. the company announced corley earnings that beat analyst estimates and the full-year outlook for 2017 was better than forecast. things like computer hardware and software systems have been steadily eroding and investors are waiting for those declines to be offset by growth to newer businesses like cloud computing and artificial intelligence. let's bring in our guest, along withon skype cory johnson, right here in the studio. go through these

m caroline hyde netflix shares higher in after-hours trading, almost 8%, posting its biggest quarter terms of net additions to customers. 7 million. that beat analysts' estimates. , 94 million.se a big draw for those new users have been original content. certainly been relatively addicted to the crown as of late. fording a concern investors, about 6 billion is what they are looking to be spending next year. out oneo check particular area of the bloomberg crate analysts recommend nations always check it out on your terminal, go to the stop you are looking at. this shows you how many analysts are saying, by this stock. 60% still say buy. $143 per share. that is trading around 150 times earnings, based on 2017 estimates. you see the price target, 12 target, is actually lower than the $130 we saw track from yesterday's trading. to see if thosee looking price targets could be matched to raise where the netflix stop currently trades. now, let's get back to one of our other key top tech stories around the globe. a south korean court rejected a request to issue an arrest warrant to samsung's

. ♪ i am caroline hyde, this is "bloomberg technology." media giant is back in the u.k.head of its potential $25 billion ipo. plus, the jeff sessions files. the trunk cabinet pick answers tough questions. we break down the headlines. and alibaba's offline that. jack ma is betting he can revamp china's retail industry. first, to our lead. snap has chosen london as its headquarters. it was a surprising move for its -- for a u.s. company. months, the practice morech giants to move to tax friendly areas has them under scrutiny. >> what we are aiming at his behavior. the things that happens, if one company or a group of companies are given state aid not available to other companies. that seriously makes the playing field not level. move by snap?t alan: they have been snapping up a lot in london over the past year, there up to 75 people in the city of from six the previous year. but having it as their tax hub is unusual. a lot of companies have been in ireland or luxembourg to take advantage of better tax rates. a lot of companies have been touching regulator higher -- ire as

caroline: i am caroline hyde this is "bloomberg technology." buting up, you can hack you can't hide. details from the private security care and. last, time warner and at&t, megamerger back on the brink. by president-elect trump might get in the way of the $85 billion deal. in las vegas.ting everything from the future of cable television to the surging home sharing market. first, to our lead. cyber security is emerging as a major concern for 2017 and it came to a head today in the senate's private security hearing, where russia was front and center. top u.s. security officials stood firm that russia was behind the hacking in the presidential election. intelligence's official said only russia's high senior officials could have authorized the disclosures that happened during the most recent election. this comes one day before president-elect donald trump is to be briefed on the hack. joining us now to discuss is bloomberg and national security editor from washington. bill, great to have you. the intelligence agency is even more confident that russ

i am caroline hyde. with a matter of the u.s.n filing against a company, a lawsuit saying qualcomm forced apple to use its processes. this was in return for lowering it charged.royalty taking a look at reaction, shares plunging dramatically in the session, closing down about 4%. that was 4 billion dollars that was wiped off in terms of market cap. we met up with erik schatzker. how they are reconciling the incoming administration. >> democrats and republicans, but we are all americans, and we win.to the admin is ration in democracy, there are differing points of view. we want more jobs. we want great trade agreements. we were really happy when the about ourtweeted satellite system. when there is alignment, we will work hard together, and when there is disagreement, we will also express our point of view. reporter: what do you disagree on right now? paul: i would say immigration. i would not say that we know enough to say that we disagree, but i think that the american dream and the notion of the melting pot has caused the best an

a you johnson talks to caroline hyde at: 30 p.m. eastern u.s. time.rrow, i will be speaking with garlic going. that is that 8:00 a.m. in hong kong, 7:00 p.m. thursday eastern. ceo on joined by a friday. t-mobile letter from will be unveiling his next on carrier movement in the u.s.. the fed minutes and why policymakers could be facing a new problem. this is bloomberg. ♪ with the xfinity tv app, anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and

. ♪ >> i am caroline hyde. this is bloomberg technology. the tech surprise stories of 2016.e discussed the potential winners that investors should keep an eye on. a car that talks to your house. we had to ces and talk cloud control. concernssecurity surrounding russia are front and center, we hear from the former cia director on the president-elect's approach. first to our lead. surprises of 2017. amazon will undergo a major investment cycle. after worries about investments. they could shut out big bucks and still boost its margins. the company says the number of merchants is up 70%. the virtual assistant makes waves at ces. for more on amazon and the rest of the talk text prices -- top surprises, we are joined by mark. let's kick it off with amazon. you say the money can still come in in terms of profit. big difference between amazon today and 10 or 15 years ago is they have amazon web services, the cloud service, which has margins text better --10x better. they have more cash with which to make investments. they are saying quite loudly they will make aggressive investments

. >> i am caroline hyde. this is bloomberg technology. cars and robots are leading the charge this year. we will follow the path to production as driverless cars make the turn from the labs to the showroom. electric carmaker's latest delivery numbers miss estimates. china's third-biggest search engine aims to take on its leader, targeting a $5 billion ipo. details behind the plans to go public. now, c.s. kicks off this week and it will be a convergence of detroit and silicon valley. it is a critical time for autonomous cars to move from the testing phase to the mass audience. names like google, ford, and gm are trying to put their best foot forward. tesla moved lower in after-hours trading after the company came up short on production and delivery figures. tesla sold about 20,000 cars in the last quarter, below analyst expectations. in 2016, the company produced nearly 84,000 vehicles and 74,000, also below company guides. here in the studio, the tech entrepreneur and privacy advocate, he is now the managing partner of the newly launched

. ♪ >> i'm caroline hyde. you're watching "bloomberg technology."oming up, a packed hour of earnings ahead. we'll fill you in on the rosy outlook and the big misses. plus creating the biggest power couple and wireless space. we will break down the secret and thewith it ceos consolidation race in the industry. and after the private equity explosion in silicon valley, will get the lay of the land for 2017. first, to the lead. profits trailed estimates. extendingping in trading. earnings-per-share fall short of expectations. it's up from 5% last year. however there were a few bright spots. the company continues its stronghold on advertising, beating analyst expectations on paid clicks. joining me to break down all the of ars is the president research firm. welcome to the show. us an overview because there's a lot to wade through, operating income and revenue both of 20%. >> you have to take a step back. here's a company that makes massive amounts of money, has massive levels of growth and yet lowle are finding those areas. the problem is always about e

i'm caroline hyde.nt-elect donald trump said he would repeal the affordable care act speaking at wednesday.erence on we explore the changes in the industry under the ground breaking law. we will bring you that data in just a moment. let's get on to some key guests. will there be a slow down in technological breakthroughs, intervention and investment if obamacare is repealed and replaced? inning us now is a partner accolade and investment funds focused on health care and technology. with me in san francisco, the ceo of a start of that provides infrastructure technology for the health care industry. welcome to the show, both of you. will, in fact, the affordable care act to be fully repealed? can it be fully repealed, in your view? >> it's pretty unlikely it is fully repealed without an alternative. over 20 million people have been added to the system, many of which come from states that trump won. before affordable care act, more than 14% were insured. now less than 6%. unless there is a viable alternati

i'm caroline hyde.-elect donald trump said he would repeal the affordable care act speaking at a news conference on wednesday. we explore the changes in the industry under the ground breaking law. we will bring you that data in just a moment. investment has exploded. venture funding rose. that money is going toward things like electronic health records. and major companies want a piece of the action. ibm has spent $4 billion on related acquisitions. general electric expected its health care unit to grow more than 20% over the next two years . the industry is bracing for a in health care policy. donald trump promises those changes will come as soon as possible. >> as soon as our secretary is ,pproved, almost simultaneously it will be repealed and replaced. will there be a slowdown and technological breakthroughs? washington,ow from and with at accolade, me in san francisco, the ceo of a start of that provides infrastructure technology for the health care industry. will, in fact, the affordable care act t