carsten: a three digit million dollar amount is missing to happen.next products to the market, the amount is even bigger. if it is 100 billion or 200 billion, not so much of interest from my understanding. the most important thing is to get the trust of capital markets so they understand this company has a great future. if you can make this point, we can progress. this is where i see my world coming in, because this company has a great vision, great product, and what it is missing is execution. bring the product to the market as fast as possible and this is where i am coming from. the digital ecosystem covering this whole part and coming from the car industry, this combination is perfect to make it happen. ed: you said when the question came of where the money is coming from. one of the biggest reporter to backers of this company was denying reports of saying something like $600 million from the company. to the best of your knowledge, how much of that money has faraday future received? what is the status of the relationship with them? carsten: strate

carsten: this will be the next step in the upcoming funding round.hat was faraday ceo carsten breitfeld speaking exclusively to bloomberg's ed ludlow. coming up, a california bill is threatening to shake up the gig economy. how companies like uber and lyft are responding. for, wework preparing public market debut. what this could mean for others in the co-working space. this is bloomberg. ♪ ♪ taylor: it has been two years since uber ceo dara khosrowshahi took the reins. emily chang spoke to him about the company's evolution under his leadership, including his future including international expansion. take a listen. dara: part of our business has to fight for money and if they are not deserving money, they will not get it. internally, there is lots of creative destruction and competition and if one part of our business is not carrying its own weight, we will hold back . from china and didi, a big ridesharing business in china. end-to-end, we want to build a business the right way, in alignment with our job partner society. but if something is not work

carsten warholm successfully defended that title again. what a reaction from the viking!rowd. the... warholm won the race, defend the title he won in london 2017, but was made to work hard by his rifle. the two of them have been shoulder to shoulder, and in those three men, talking about three of the four fastest man in history. and after the rest, carsten warholm told me it took everything he had to clean that victory. this was a very tough race. actually, it is nojoke! i actually had pain in my chest, i'm going to die but it is going to be worth it! herel die but it is going to be worth it! here i am, a champion, and i'm not dead either. something of a surprise and the men's 500 metres. the defending champion from london, had he not got a wild card here, would not be competing. he saved his best for when he really mattered, held office competitor in the home straight, and just like he did in london 2017, when he beat mo farrar, he celebrated with his trademark robot. we have talked about the crowds and the lack of people in the stadium. it is an ex—pat community here. t

carsten: this will be the next step in the upcoming funding round.hat was carsten breitfeld speaking exclusively to ed ludlow. that does it for this edition of bloomberg technology. bloomberg technology is livestreaming on twitter. check us out. follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. paul: welcome to daybreak australia. i am paul allen in sydney. shery: i'm shery ahn in new york. selina: i'm selina wang in beijing. we are counting down to made -- asia's major market open. ♪ paul: here are the top stori

carsten: this will be the next step in the upcoming funding round.hat was faraday ceo carsten breitfeld speaking exclusively to bloomberg's ed ludlow. coming up, a california bill is threatening to shake up the gig economy. uber and lyftlike are responding. work it preparing for its market debut. what this could mean for others in the co-working space. this is bloomberg. ♪ years: it has been two since the cobra cer -- uber ceo took the reins. him aboutg spoke to the evolution under his leadership, including his future. take a listen. dara: part of our business has to fight for money and if they are not deserving money, they will not get it. internally, there is lots of creative destruction and competition and if one part of our business is not carrying its own weight, we will pull back we turned -- hold back from china -- didi, a-- in dd big ridesharing is this in china. theant to build a business right way, but if something is not working, we believe we have demonstrated the financial discipline to make the right call at the right time. emily: drive

carsten, welcome to the show. guest: i do not think anything has changed.need to take a step back and realize what is going on here, and miss changes in societal partyure around britain, political realignment, that is the real story going on. this is not about another instance here, another twist in the story. that is not change the elemental fact that we are missing any agreements here. nejra: do you agree with that, simon? simon: i agree that our best chance is that he will resign on the ninth of october, a window for national unity's to come together, a very disparate group of parties in parliament, they agree on blocking no deal, but will that be enough for formal executives with the extension and move it to the 31st of january? if they cannot do it, then i do not think a no deal risk is minimized. nejra: carsten, has boris johnson's negotiating stance been weakened, in your view? carsten: no, you have to view that the whole of threaten of a no deal is going to change. party ins believed no parliament forcing three no deal, and now we have the surprise

carsten: three years before.had a nice powerplant presentation, then you could get hundreds of millions, even billions of dollars. this has changed because the whole investment community understood this business is much more difficult than they thought before. it is a lot of money to invest heavy investment, it takes time to establish it and it takes time to return. there is a consolidation going on right now. at the end of the day, everyone is convinced the future will be electric and it is about digital ecosystems. now it is about who will be the one in the race. faraday is in the best positioning when it comes to the product, technology, and the business model. this is what we have to state. i am confident we can be successful because if you really communicate this and you make them understand, they will understand this is the number one. is a veryou have good, almost finished preproduction car. the california plant is still being built. how much cash do you think you need at this early stage to get production

repeating his triumph from 2 years ago in london i then finally some joy for a norwegian athlete carsten barholm defended his title in the 400 meter hurdles crowning an unbeaten streak of 14 races meanwhile 3rd place up there rocky and some one the 1st medal for the hosts qatar in this final. news life and news africa is placed around so that in the meantime there's always a website. now and that may help thanks for watching. nico is in germany to learn german looked and. why not learn with him the music he learning course because vic. that 77 percent. are younger than 60. that's me.

meet a robot that works for organic farmer trying to carstens. grabbed a 5th of life or become a visionary in this operation because i'm trying to foresee the problems we'll have in a decade and i'm doing my best to solve them for. the farmers already having problems finding enough employees to work his fields. could solve this labor shortage by recognizing weeds and destroying them without relying on chemicals but the robot is still at the learning stage or the farmer has brought in i.t. experts to help bonnie robb has to be able to identify which plants are wanted and which ones aren't forced to use. you can imagine drawing a picture with a green marker and a red marker and then we tell them that's a carrot and those are wheat and later we have pictures without anything and we tell the robot to find out where would you use the color red or green and this is what you see in the end it examines all the images and says. it was. artificial intelligence for farming the vegetable crop is being separated from the weeds by hand at least it's environmen

$400.00 metres hurdles that is the last event in the stadium on the opening day defending champion carsten that was home of norway well when you his rivalry with the american way benjamin is the favorite and says that he's went in london 2 years ago has had a big impact back home in norway it's always been about cross country skiing you know. but for now i can feel this is becoming very very interesting in norway people people love watching it and it's because we are a couple of guys delivering very good results on the verge stage so so i'm very proud to to be one of the guys that can give my my people that feeling. well the 1st medal event is the women's mathen along as water front away from the air conditioned stadium and organizers are taking every precaution to protect the runners the matter and race walking in durance events are all taking place around midnight it's forecast to be around 30 degrees celsius later there will be more freshman stations than usual around the course there will be extra medical staff which include it leading experts and the start time could yet be delayed if

with the bank of international general manager and former governor of the bank of mexico, agustÍn carstens with chris ralph from st. james place wealth management -- asset management. i want to touch on the inflation discussion. i put this into the gtv library. here is something that is going on that maybe we are not sufficiently flagging. inflation in the united states of america at a record level has gone up 12.3% in three consecutive months, not seen since 1995. state street just said efficient is getting uncomfortably high. does this through a spanner in the fed's midcycle agenda? chris: i think it does. this is the challenge the fed has in its discussions about how quickly it uses the remaining firepower that has. we talked for so long about the fact that when rates got up to their highest level before the federal reserve started cutting, he actually got relatively limited firepower. that is the problem, that if the inflation story picks up over the next 12, 18, 24 months, and the fed have already used his ,irepower -- it's firepower which, remember, the president of the united states

electric vehicles start up ferriday future has named bmw veteran carsten breitfeld as ceo. x, salida bloomberg at the company's los angeles headquarters. >> the head count to hundred the ceoe and we will -- spoke exclusively to bloomberg at the company's headquarters. >> we will have to go to the capital market to have to show what we have. during the last two years if you heard about ferriday it was mainly about the challenges. at least i heard it from outside. but if you come here and i think you have the chance to see it today, there so must substance here that comes to technology, to the product and to the business model. and this we have to communicate we have to make people understand that this is the most advanced start up company of all those new companies. >> you noted the issue of fundraising. what is the situation. how well-capitalized is faraday, and whats do you need we you get them? >> that is a good question. you have to understand what is going on now in the capital market. if you look back you know i built a unique company three years before. >> and we will