as we mentioned this week, bloomberg is live and caroline hyde is taking a look at innovators from fortunes and have technology startups. you will want to catch bloomberg technology on television and radio. >> coming up, what you need to know for tomorrow's trading day. this is bloomberg. stocks with little change and the nasdaq closed at a record high after the french presidential election and we learned about the new president. in terms of what is coming up, do not miss the south koreans going to vote for their new president. kospi at ad the cost b record high. >> the dallas >> from washington, you are watching bloomberg tech knowledge you. let's look at the first word news. sally yates has told the senate committee that she alerted the trump white house that michael flynn "essentially could be blackmailed why the russians." -- by the russians." sally eight and james clapper testified about the russians. -- sally yates and james clapper testified about the russians. have convenes talks to implement the 2015 paris agreements to cut carbon emissions. north korea has arrested a second and s

to london where bloomberg's caroline hyde spoke with a major player in fintech. are here with the cofounder, one of the largest clear to pay services in the u.k., if not the world. helping to move more than a billion pounds per month, the country has raised $170 million in funding and investors include matlab chin and sir richard branson. maybe he is part of an island, who knows? thank you for joining us. key player in the european unicorn space. big investor names. you are profitable. tell us whether the profitability is something you were always driving towards. >> we have always known that as we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitability, our goal remains keeping and making sure we can have the biggest impact. caroline: date you ever think when focusing on profitability that you are looking at your bottom line or is that not the case? taavet: i think it can be mutually beneficial. for us it is important to make sure we are country by cou

caroline hyde., we will speak with the director of baidu's silicon valley ai lab. all episodes are live streaming on twitter. check us out on weekdays. that's all for now. this is bloomberg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening with a look events surrounding the trump administration. angela merkel this -- express -- at the u.s. as an ally. this, after trump's refusal to recommit to the parents -- the paris climate deal. trump criticized germany via trade surplus. he blamed fake news for critical news about his administration. the washington post reported,

caroline hyde has the story. s the heart of boston's tech community, and west coast software giants have taken note, establishing a presence here. >> bay -- facebook is always looking for an opportunity to hire the best talent. the lead ryan mac helped facebook open the office nine years after mark zuckerberg develop the social network at nearby harvard. the office has grown and employs about 100 engineers that tackle some of the companies toughest challenges. ryan: most of what we are working on is infrastructure. two thirds of the office is working on the technology that is the underpinning that people see on a regular basis. caroline: the race it four pillars -- these are the systems theed to develop applications that reach facebook's 1.8 billion users. the cambridge team also supports some of the social networks more visual prospects -- projects like the facebook live, extreme. when you post a video live on facebook, anyone else looking at the video will see the common in real time. caroline: and the slide up

emily: we are joined by caroline hyde and patrick morley. the origin of this attack is complicated as you heard the white house speaking there. talk to us about how this started. caroline: the mud shrinking was being directed at the national security agency saying you remember the attack earlier this year that some of its tools were dumped on the public internet by hackers. the blame is being aimed at eternal blue. this is meant to penetrate a vulnerability within microsoft's operating system. so it was able to spread. t was phishing emails and they say it is in the blame of shelfing of documents. remember, when this was dumped by the shadow brokers who were the hackers who got to the n.s.a., microsoft sent a patch back in march saying update your systems. but many that have been hit have een perhaps not tech savy. health systems here in the u.k. haven't been updating and haven't got it in their grip. and this has been able to spread and microsoft at the top blaming perhaps the united states. we heard from the president and chief legal office

we're joined now by caroline hyde at mass robotics live from boston. take it away. roline: great to see you, as ever. to wrap up our coverage in boston, we are focusing on the emerging robotics industry in the area. massachusetts is home to more than 120 robotics companies in the area. the industry is growing, and so are its resources. .e are here at mass robotics the nonprofit is dedicated to fostering young boston-based robotics startups and keeping the talent in town. >> is autonomous drone belongs to a american robotics. one full of it -- one of a handful of startups based here in mass robotics. has a main -- the name double meeting. mass because it is started in massachusetts, but also because of massive robotics. -- caroline: the nonprofit opened in 2015 and opened a laugh to help robotics startups get off the ground. or as the cofounder explained, a start up escalator. >> a start up escalator is a new concept. incubators and escalators have been around for some time. this model has been ineffective, but wh icomes to hardware, there's no organization there to h

i'm caroline hyde.e are live from boston, showcasing the innovation and diversity of the tech economy. opened its 100 17th season this weekend at boston symphony hall, and the theme, it's the music of former conductor and maestro john williams. recently recorded and help him of his music in a high tech, state-of-the-art studio many concertgoers don't even know exists. this,rt with a little of after twof this,, and hours leading the boston pops, you will have a recording of the selected works of maestro john williams. for managing directorhours lead- >> it's the soundtrack of our time. >>john can write a melody better than anybody else. you say star wars. it comes into your head. ♪ "et," and you hear it in your head. ♪ the recording is overseen and supervised by nick squire, one of the few full-time sound engineers employed by any u.s. orchestra. >> it is visually appealing. it sounds great, and it really allows us to record and listen to the orchestra and make sure we are making the right decisions when

bloomberg's caroline hyde will be presenting special coverage and joins us. ne for in for me while i was gone. you did an amazing job. tap next week? caroline." now i am on the east coast. i got tonside scoop it see what the highest academic places such as harvard, and i am getting the towards -- the tour of all tours. to the woman at the helm. we will see the administration talking to biotech leaders, and the concern of the pulling back in funding coming from the administration scared have a listen of what she told me earlier. thisworked with congress spring trying to make a case of how research operates, and how universities are dependent on a long-standing partnership with the federal government that are on federal support. we have been concerned about immigration issues and the free flow of talent. the greatest advantage as a country this year has been the pole --on that we can pull people into the u.s. and we benefit greatly by that. caroline: it is interesting that academia is singing from the --y same hymm sheet as seems as though the president of harva

caroline hyde is live from london with more. caroline, set the stage for us. the regulations in europe different in them in the united states? >> they are talking a lot tougher. germany, they are saying that's we will find you social media outlets that's fine you 50 million euros if you want removed the hate speech and 24 hours. -- in 24 hours. if you don't pull them down, you could be fined 50 million euros. indeed, your executives could be fined 5 million euros apart -- a pop. if we look back to 2015, the immigration crisis, people came to germany and this insight did a lot of hate speech at the time that saw people congregating and going out and struck violence to the heart. this got germany active, france got the same. from france, the social media -- giants met. in the u.k., now, we are hearing say beingalls to quicker at taking down the insightful hate related content. we need you to in the wake of the manchester attack. emily: facebook says it reviews 100 million people and the contents a month. is the scope to big? keith: i think to manually review eve

caroline hyde joins us from london. still with us is david kirkpatrick. line, what is the purpose of this new tax, and what companies will be mostly affected? caroline: fascinating. it is coming up in the so-called manifesto of the conservative party. we are running up to the general election, which the conservative party are due to win. they have come out today with part of this manifesto proposing a law to allow the government to on social media and communication service providers. they do not name companies are say how big the taxes could be, but they notably say that it will support the word is and preventative action to counter internet harm to basically saying, look, some people say the government should not regulate on this, but we disagree. the government should be regulating these sorts of technology movements in the internet. this is on the heels of the wannacry ran somewhere -- ransomware attack in the u.k. this is something the public wants to hear. they want to see some sort of fight back and protection for those who use the internet, particul

caroline hyde joins us with more live from london. do we know about the european factories coming? caroline: they are all pushing in the same direction. this is why daimler broke ground on a half a billion euro plot today. big fanfare. angela merkel was there. it is not only about the auto sector pushed for the better trend but also the utility sector as well. are these juggernauts looking to capitalize on the falling cost of energy storage. it has become a virtual circle as carmakers want to get into the greener energy type cars. meanwhile, the utility makers are looking to be able to store renewable energy. all of them are pushing in the same direction. they will produce more batteries, thereby pushing down the cost in making the whole economy of the thing better and better. therefore a more virtuous circle. that is why we are seeing the likes of daimler get in. saidberg researchers have audrey costs could fall 33% in the next four years. this makes electric vehicles perhaps cheaper than normal vehicles as soon as 2023. emily: david,

emily: i was caroline hyde with the ceo of transferwise.tory, government officials from the -- in brussels for an in-flight ban on tablets on flights to europe entered in the united states. the department of homeland might expand the ban. the new protocol could mean longer lines and heightened delays. still ahead, we will hear from -- onely of one of the of the best-known female investors in the world who spent over 15 years investing in chinese startups. cisco's ceo chuck robbins joins us after the company plunged the most in two years on its earnings reports. in this is bloomberg. ♪ ♪ taylor: cisco, the biggest maker of the equipment that runs the internet, announced corinne earnings beating estimates about plunging on the news it sales forecast was cautious. cisco ceo chuck robbins from san jose. we fundamentally believe tax reform is needed. we have discussed in washington about how that should be structured and there are two key things. tax reform for overall lower corporate tax rates are needed to make u.s. corporations more competiti

caroline hyde is live from london with more. e, set the stage for how are the regulations from europe different than they are in the united states? caroline: they have been talking tougher. saying we, they are social media outlets 50 million euros if within 24 hours you are not removing the hate speech or insightful videos that might be pointing toward extremist or terror-related activities. if you do not pull them down in you 24 hours, could be fined 50 million euros. indeed, your executives could be fined 5 million euros a pop. if we look back to 2015, the immigration crisis, people came -- people from many different countries, particularly syria and afghanistan came to germany, this incited a lot of hate speech at the time. they saw people congregating and struck violence to the heart. this got germany active, france did the same. we heard from france and the representatives of the social media giants meeting. now in the u.k. we are hearing the same calls, calling on twitter and facebook to say, be quicker taking down this inc

caroline hyde joins us from the ge interim headquarters in boston. what have you got on top today? roline: so much, emily. weeke had such an awesome so far, spending time at your old font, harvard university, yesterday, and the museum of science. today, ge kind enough to post us in their interim headquarters. they relocated from connecticut to boston last year, bringing hundreds of jobs to the local area and receiving $145 million worth of incentives and tax breaks from massachusetts and the city of boston. broke groundy, ge on their new headquarters less than half a mile away from where we are right now. here is ceo jeff immelt at the event. boston should look to the future with great promise and optimism. i really believe that this town is going to be one of the most important cities in the world, and that ge can be part of that renaissance, whether it is in technology or manufacturing. grandne: for more on ge's plan for the city of boston, where joined by the chief financial officer, jeff bornstein. thank you for having us. jeff b.: thank you for coming . caroline: this is where

i am caroline hyde in london. itftbank closed the first round of withng for its vision fund $92 billion in the coffers. we spoke to the bloomberg technology executive editor, tom giles, in san francisco, about softbank and the other tech headlines that grabbed our attention this week. happening right now in silicon valley is there is a lot of concern among venture capitalists there is going to be in andtra cash flowing inflating the value of these companies and making it harder for existing shareholders or new shareholders to get in at a valuation that is right for them that makes them till comfortable, it makes them feel like we have a lot of upside. will come in and is willing to give the start of the terms much friendlier to them, that can box out some of the other that can box out some of the other players. it is definitely having its presence felt across silicon valley, even before the money starts flowing in. caroline: it is interesting. there is a great piece by bloomberg saying let's put it into perspectiv

caroline hyde joins us from london. caroline, what do we know about the european gigafactories? they are all pushing in the same direction. this is why mercedes-benz and on aach broke ground new client, on july merkel w -- angela merkel was there. both of these juggernauts of industry groups are looking to capitalize, mainly on the falling cost of energy storage. this all becomes a bit of a virtuous circle as carmakers such as daimler, as volkswagen, want to get into the greener energy cars. meanwhile, the likes of utility makers in italy, finland, suite sweden, are looking to store renewable energies better. all of them are pushing in the same direction. they are going to produce more batteries, thereby pushing down the cost and making the whole economy even better and better and more virtuous. this is why we are seeing the likes of daimler get in, why the new energy finance researchers have said, look, battery costs could fall 43% in the next four years. this makes electric vehicles perhaps cheaper than normal vehicles as soon as 2023. emily: david, i was thinking that giga fa

i'm caroline hyde.e at harvard university innovation lab, one of the newer buildings at this famous institution, designed to help its students collaborate and potentially come up with breakthrough ideas. just this week, it held its presidents innovation challenge. more than 200 student teams applied with their best ideas to solve social issues within the fields of health and life sciences. focusing on problems as varied bankruptcy.personal we sat down with harvard president drew faust to discuss how this place fosters innovation. >> i think we have such a vibrant innovation community in so many dimensions. it's exciting to see it growing. it's exciting to see the output. i think that having mark zuckerberg come back is going to be a great moment for everyone to celebrate him and to remind ourselves of the many ways in which we have been innovators and will continue to be innovators. caroline: looking at one of the ways you are innovators is ilab. the fact that you have accelerators here, ways in which y

. ♪ ♪ caroline: i am caroline hyde. this is "bloomberg technology."ing up, a big week for big tech. facebook and apple taking center stage on earnings. we will break down all you need to watch for. the tech software startups vaulting to uniform status and breathing new life into old data. tech stocks drive the nasdaq to another record close. to a c.e.o.eaks it was another banner day for u.s. tech stocks. the nasdaq again closing at a record high. abigail doolittle has been all over it for us live from new york. break it down because i am losing count which stocks are at record highs. >> it is amazing. we are seeing a bullish run for the nasdaq putting in another set of records today. closing at a record high with lots of stocks behind it. what also stands out about the day is the divergence. the dow finished slightly down about 1% -- .1% on industrial weakness. technology keeps going. as for what did help the nasdaq achievement records, a lot of the usual suspects including amazon and microsoft. doesn doesn't -- apple report earnings after the bell. t

caroline: i'm caroline hyde. this is "bloomberg technology." coming up, the manchester terror attack brings the battle over encryption front and center. we will examine tech's role and responsibility limiting terrorism. plus, a snapchat snapshot. why muddy waters founder says snap may be a short. and softbank's $4 billion bet on nvidia. we will dig into the investment in the biggest tech fund. and the chip makers successful entry into the automotive market. first, let's get some fresh news straight out of washington. the congressional budget office is just out to clear a revised a revised plan to repeal and replace part of the affordable care act. it reportedly reduced the federal deficit over the next 10 years at $119 billion, and that is 32 billion less than an earlier version of the legislation. let's head to the white house with a reporter. shannon, remind us how this particular legislation, the undoing of obamacare was different from the original. shannon: people may remember we did have a congressional budget office report for a previous

carolyn: i'm caroline hyde. this is "bloomberg technology." the manchester terror attack brings the battle over encryption front and center. a snapchat snapshot. why muddy waters founder says snap may be a short. billion bet's $4 on invidia. the chip makers successful entry into the automotive market. first, let's get some fresh news straight out of washington. the congressional budget office is just out to claire revised plan to repeal and replace part of the affordable care act. it reportedly reduce the federal deficit over the next 10 years and that is 32, billion less than an earlier version of the legislation. let's head to the white house with the reporter. shannon, remind us how this particular legislation, the undoing of obamacare was different from the original. on: people may remember we did have a congressional budget office report for a previous bill. the mos significant amendment is that it would allow statest to opt out of providing certain benefits and change the way they charged people premiums. with that change, as you mention

i am caroline hyde in boston.een visiting different locations in the city to showcase the power of the regional tech economy. we are currently at ge's interim headquarters in boston. in the last hour, we took a closer look at the investment climate in the city with ge's cfo jeff bornstein. now we are going to turn to the conglomerate's venture capital strategy. the company has invested in dozens of companies based in boston and throughout the globe like desktop metal and catalant. we are joined by sue siegel, ceo of ge ventures. let's talk about boston, sue. where are you finding the innovation? what companies have you put money to work on? sue: i am delighted to be here. ge ventures is investing in a number of different spaces. we invest across our horizon as it relates to what ge is involved in. we are investing in health care, energy, advanced manufacturing, and we are also investing in software. some of the companies we are excited to invest in, desktop metal you heard earlier from jeff bornstein about how big

i am caroline hyde.o you from harvard university's innovation lab in boston, one of the locations we have visited during our special week of coverage digging into the boston tech scene. as we mentioned earlier, harvard is where mark zuckerberg came up with the idea for facebook. other tech leaders have graced the walls of this prestigious institution, including bill gates and sheryl sandberg. we sat down with harvard president and discussed how this institution fosters innovation among its students. >> i think we have such a vibrant innovation community in so many dimensions here. its exciting to see it growing. it is exciting to see the output. i think having mark zuckerberg come back will be a great moment for everyone to celebrate him and remind ourselves of the many ways in which we have been innovators and will continue to be innovators. caroline: one of the things you have innovated is i lab. you have accelerators that can help foster growing businesses. how long is that in play, and how does it he

that was bloomberg's caroline hyde. she will be hosting bloomberg technology in london today.eo of a u.k. the startup that just received half $1 billion from softbank as they were speaking about. this is bloomberg. ♪ vonnie: today, politics is spilling into the world of entertainment. getting rave reviews off broadway, "church and state" explores the role of religion and gun rights in the plug the life. -- political life. emma chandra spoke with the director on putting politics on stage. >> theater is a much safer place to have people come together with disagreeing point of view. people on opposite sides come together. , he shows them live shows like this are where they come. a playhurch and state is about religion, guns, and politics. it's not your normal trio for getting bums on seats. [laughter] >> originally it was called that. it was called "god, guns, and politics" or some version of that. i said no one's going to come see a show called god, guns, and politics. jason changed it to "church and state." because the play is infused with humor, it's not a bitter pill kind of

. ♪ caroline: i am caroline hyde.his is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, the fcc chairman officially out with big plans to kill net neutrality as we know it. ajit pai joins us for an extended interview. plus, what a week for big tech earnings! from alphabet, amazon, twitter, we will take into all the highlights. and a bloomberg scoop, dropbox hits a key milestone on its way to its ipo. our exclusive with the ceo , drew houston ahead. , first to our lead. this week saw a showdown brewing in washington, cracking open the net neutrality debate. federal communications chairman ajit pai unveiled his game plan for rolling back net neutrality rules at a speech wednesday in the nation's capital. passed in 2015 by a democratic majority fcc, the net neutrality rules aimed to prohibit internet service providers from favoring or discriminating against online applications, content, and services. now, democratic senator edward markey from massachusetts

we talk to former new york city police commissioner ray kelly and caroline hyde of bloomberg television in london. >> we had some foiled as a result of intelligence, some from n.s.a., some from informants. so you have to try to drill down, get intelligence as much as possible. it's become much more difficult. using, you know, apps that encrypt messages, that sort of thing, they've upped their game. the lone wolves upped their game in terms of what they can learn from the internet. so it's increasingly dealt. >> rose: we continue with adam schiff, ranking democrat on the house intelligence committee, and continuing coverage of russian investigation by congress. >> i have said yes and i still maintain that there is evidence of collusion, but i want people to understand, we are at the very beginning of an investigation, and we need to follow the evidence wherever it leads. i'm not prepared to make any conclusions about the strength of the evidence once we conclude our investigation, but there was a good basis for the f.b.i. to begin its investigation, and i think there is a good basis for

. ♪ ♪ caroline: i'm caroline hyde, this is "the best of bloomberg technology" coming to you from bostonng a look at the tech scene. you showcase the tech giants and startups based in massachusetts. we have spoken to the investors, innovators, government officials that have laid roots and expanding the expectations of all things tech. not to mention the stooges lending institution like harvhe

i want to go now to london, where caroline hyde is standing by. take it away. to see you. i'm here with the ceo of transfer wise, one of the largest peer-to-peer transfer companies. helping moving more than one billion pounds per month, they have raised millions in funding to date. thank you for joining us. a key player in the european unicorn space. big investor names. and you are profitable. talk to us about whether profitability was always something you were driving towards. known since weys hit critical scale that we would. now we are getting to a point where we are moving one billion pounds a month. we have hit stability. however, our goal remains investing for the future and making sure we can have an impact on user base five or 10 years down the road. caroline: do you have to have the pace of growth back slightly, or can it be mutually beneficial? >> i think it can be mutually dip -- beneficial. it is important to make sure on a country by country and quarter by corner basis we have strong numbers. we had to make sure the company has a whole brakes evenly

caroline hyde joins us live from london. caroline: great to be joining you, as ever.joined by mark weatherford. he is a man who knows all of these key stories of very well. going back to the hack attacks, "wannacry" it was a dubbed, how would you rate the global response? i don't think the global response had time to evolve, because it stopped relatively quickly. but over the weekend, it continued on where more people found they had been infected. the global response i think is more just an awareness of right now. the response to the event itself is still unfolding. caroline: where does this evolution take us, because at the moment there is much consideration about who might be behind this. north korea comes to mind and has been talked about, whether it is a group of terrorists or hackers, or indeed a group of kids. can you eliminate -- eliminate what your world is thinking? >> yes. the social media inside the cybersecurity community has been lit up over the past four days. i have seen every wild imagination you can possibly think of as to who is responsible. we have

i want to get the caroline hyde in london, taking a close look at diversity and venture capital in thene: it seems as though when it comes to boosting the number of women in tech, people focus on how many females are in engineering or leadership, but there's another key area in tech where women are underrepresented -- venture capital. diversity vpns to bring more women and minorities into venture capital firms, and it just published first of its kind data that 160 venture capital firms in the u.k., only 20% have women at the top. >> it is a consenting statistic. we compare that, to the labor force in the u.k. in general it is 47% women working across all industries. we are behind. only 27% in the hole investment industry, so investment in particular, it is quite shocking. we just don't have those decision-makers making calls on investing in companies that will be the biggest companies of the future in the u.k. economy. caroline: going forward, do you feel this underrepresentation is changing the investment mode of certain funds? how would having a greater balance help the investment de