>> we have hundreds of companies, about 1500 companies, north american companies in the tech space. every major company you can imagine. most of the car companies, big platform companies, as well as companies that are smaller, retailers -- asked by, walmart and others. airbnb, lyft. companies that have an innovative is this models. no company has the right to more than 1% of our revenue and 80% of our companies are small businesses and we have a lot of startups as well. host: as a paid cheerleader for the technology industry, do you take policy positions? >> indeed we do. we do a lot of major things, we produce events to get people together, we advocate for innovation, that is our primary thing we do in washington and state legislatures. we are not protecting anyone company. but we want innovation to occur because we are passionate that innovation will solve the problems for mankind, we can provide better health care, education. what we don't do is ask the government for money for our own industry. the federal debt is a major problem, it will affect our kids and grandkids in a horri

from about 1500 companies in north american companies in the tech space, every major company who cangine, the big platform companies as well as companies smaller retailers, walmart and others, anyone airbnb, lyft and companies like that new and innovative business but no property with revenue and 80% of companies of small businesses and we have a lot of startups as well. >> the technology industry, if you take policy position? >> indeed we do, we do lots of major things and produce offense to get people together into public policy advocating for innovation from our primary think we do in washington and state legislatures. it's not like we are protecting any one company but we do want innovation to occur, who are people who are passionate, innovation. other to get people together, everything else we don't ask the government for money, we feel that is a major problem on our kids and grandkids in a horrible way and want to do everything we can and make sure we increase and we don't want to ask for money ourselves. >> to help us explore policy position. >> gary, it's great to see her. i

company in new ways.seeing continuous market program for companies that might be thinking of going public for direct listing, all of which the private companies are getting more engaged in. before they were happening behind the scenes and now private companies are saying let's create a fair and high integrity and efficient way to allow that liquidity to occur. >> in terms of going public, you've got to read listings and ipos. the first half of the year was amazing in terms of all that. what is your pipeline look like and where is the interest right now? >> the pipeline for companies looking to tap the public markets is a strong as it was six months ago, if not stronger. companies are looking at the opportunity to continue to grow and expand their businesses and raise capital in the public market context. i would say that we've raised one hundred $11 billion on nasdaq for companies that came to nasdaq in the first half of this year, but still the number of companies on file to go public is as high as it ha

so do we know which companies were affected? yeah, it's, it's about, as you said, anywhere from $800.00 to $1500.00 companies across the world in sweden for instance, there's a grocery store chain there. they had about $800.00 stores that were effected as a result of it. that's one customer, but with many different stores, according to the company you heard from the ceo right there just a minute ago. he's saying a lot of this is like dental offices, libraries. they are performing i t solutions and he said for a lot of small businesses, so it's different than a lot of these other attacks. typically we see this kind of ransomware attack. you go after one big company, in this case, they went after a software provider. they were able to access an update in that software in order to, to shut down the i t in all these different businesses. and according to reports, there are 2 things happening. this group, we will r e v i l is like our evil. 4 essentially is reaching out specifically to the individual companies, in part as well as to

and prone on these companies. they're ceos are very low profile and they are very much focused on the china market and they co operate. if that's the right word with beijing on these matters, when there's a problem that these companies have with the cyber space administration or the national intelligence system in china, they collaborate quietly behind the scenes and they don't get find they don't get penalized. heavily, as has been the case here, this company dd global was allegedly warned 3 months ago that there would be a problem. and they went ahead nevertheless, with the i p o. and if you go ahead in the face of administrative advice in china to do otherwise, you'll get to pay a price. and that's what we're seeing immediately come out of the government's response today. excellent points to consider here. boom bus. co host, christy i and dean john college of the miami, herbert business school. thank you both for your time. give and finally getting up and bumble is taking a step out of the online world, the wel

that sent shares of ed-tech companies plummeting. china listed companies in the u.s.re seeing back-to-back losses. bloomberg's shery ahn is joining us with more. the biggest back-to-back losses in a decade for these companies. shery: since 2008. we are now seeing beijing get into the market, whether on beijing, the crypto markets, even profit management companies under the gun at this point. this is the biggest two-day drop since 2008. it is sort of a tale of two tech trades at the moment. you are seeing the chart, showing the onshore china gaining -- the onshore chinex gaining. the nasdaq golden dragon index down in the double digits. when it comes to those education stocks, analysts had been flashing profit forecast -- analysts have been slashing profit forecast. companies like tal could worsen from here. the cost cuts one keep pace with revenue decline. some of the largest investors like cathie wood have gotten out of the market but traders have been piling into these stocks. emily: meantime, the crypto crackdown. the interview you did with the founder of ballet. y

>> caller: i'm talking about the companies themselves. did they coordinate not run a campaign against the president of the united states? they shut him out and said you do not have the right to speak. the first amendment, the first amendment is to protect speech that you disagree with . that's why the first amendment is there and when you say that one side of the country cannot say nothing while we have the right to character assassinate you, your family and your children because of the color of your skin , that's called racism. >> we will move on to another color, independent line. >> good morning. i'm 86 years old, i'm a political junkie and have been watching c-span since 1980 and laws in anycountry including in the united it's , you cannot, the supreme court is behind in technology. even facebook is behind. things are happening so fast the horse is out of the barn. section 230, everything there we need to revisit. they would never have thought of cell phones. first of all we have to pledge allegiance not to the party. to the country.

food pack was a young company that they spilled a billion dollars on, investing and buying that companythey will keep an open mind on acquisitions. the interesting thing when you come back to aws is, what are they going to do with the application model? when you think of aws in terms of things that they have built themselves, it's mostly at the infrastructure and enabling technologies level. they don't really have a lot of big successes. there are a few small examples within the application layer, and that's where microsoft, google, even salesforce are both competitors, and in some ways collaborators. then you ask the question, is that going to be in area where they partner with companies out there that complement them, like a salesforce, which they just announced a partnership with? or will they have to buy some companies to build up their application stack? caroline: we know any acquisition they do make will be under regulatory scrutiny. i am interested, to finish it off, your knowledge of the characters involved in your knowledge of the culture that has been brought to amazon. how do

that the tech companies have taken on their platform. it is interesting to see such a different aspect of the political spectrum coming together for different reasons. >> i agree with everything that catherine just said, one thing i would add, a turning point for congressman buck was when the committee in january 2020, it must've been that was when there could be hearings, they held a field hearing in colorado, where they brought in small businesses, including some from that state. he is from colorado. it was a turning point for him, hearing from small businesses talking about competing against these larger companies. i think that message resonated with him, for them to say what we what a fair shake here and we are not getting it. i think that is leading to some of his >> motivations and supporting that legislation as a republican wind to help small businesses. >> one thing we haven't discussed yet with bipartisan support that macy legislation is privacy. john, where are we on privacy? >> privacy is an interesting one. i mentioned earlie

so then if you look at tech companies, most tech companies don't operate that way. and if you look at the most chinese 2nd venus, such as i do seen way, ball and all of those, none of them were profitable when they listed on the us exchanges. so literally, that's one of the biggest reasons america allows for tech companies to actually get capital in order for them to grow and then become profitable. they couldn't even list and trying to, regardless the market share or but possible potential. and then other reasons for companies like ali baba who actually were profitable, but still chose to list on the us exchange anyway, that was also due to the differences between the chinese and the u. s. exchanges in the u. s. offers voting powers that are beyond their share. so founders and management team, they can actually still keep control of the company even with less than majority shares. and that is just simply not possible in china. so that was very important for ali baba to actually maintain control of the company. and then just to put it very simply, the listing in the

and suddenly richard branson is overseeing a company, his first, sort of, company that started really, and it's building spaceships. and so, today was a vindication. now, the next question is whether he will be able to turn this into a viable business, but we'll let him have his day of massive success. >> sreenivasan: this success is on the back of a lot of hardship. they've lost people. there's a reason this is called exploration and rocket science. >> you know, in 2007 there were three engineers that were killed in a propulsion accident out in mojave, california. in 2014, there was this crash. in 2019, their second space flight, they nearly lost the vehicle. and when they landed and they wheeled the spaceship into the hangar, the test pilots and the engineers were, sort of, all looking at each other and asking themselves, ke, we very well could have killed two pilots and one engineer, and they didn't. and so, yeah, the costs are real. anrichard branson's life right there was in the hands of two test pilots. >> sreenivasan: speaking of that, you have this very different model. it not

>> well, our analysis indicates we look at different companies, shell companies. they are going to be lot more coming next year. people pull back. at this level, we're talking about 30% or 40% rate of return. nobody can hold back in this kind of environment. as long as you have prices above $70, the profits are huge. that's what you will see coming next year. more prices means more trouble for opec. they know it. they feel very convinced that high oil prices is bad for them. rishaad: mr. fesharaki, a pleasure for joining us. coming up, the a realistic opportunity, we'll be hearing from hicks, romi yamaji. next, this is bloomberg. shery: the chinese fund will take nearly $17 million stake. the retail arm of the billionaire empire. the fund is led by the asset management committee and the provincial government. after the transaction, none of the major holders will have a controlling stake. they raised $14 billion hong kong dollars. it sold 85 million shares, they are the latest u.s. trading firms selling shares in hong kong. rishaad: china's watchdog that didi will

these companies didn't exist, right, 30 plus years ago look at the sales of those companies and looksales of a few industries. restaurants, airlines, what else did i use? trucking and medical devices apple, $347 billion in sales over the last 12 months, more than the entire medical device industry way more than the other three combined and you are talking about big companies in health care like abbott, med tropic, thermo-fisher apple is bigger than all of the industry together they need to have market capitalization that reflect what they are producing on the top line and their net income is enormous yeah, we like facebook, google is the largest position. the market recognized how well it's done this year up 50 plus percent. as anastasia you have to be in the players if you want to be in the market >> it's the numbers like the chart and revenue numbers, why people are looking past or look through the growth numbers out of maus and daus appear look at the bigger picture weiss, it sounds to me, you seem you're in such a great mood today you are looking to sell facebook positions >> he

this is bloomberg. ♪ caroline: companies like coinbase, kraken and others some of the companies in thepto space. for more undefined, crypto pricing and regulation, we are joined by the blockchain capital founder. tell us about the new find. institutional money is coming and it is sat on the sidelines. at one point is it going to come in? get everyone excited about at least the prices of certain assets? spencer: there is a lot of institutional participation in the market. we are seeing that with our find. we have several strategic partners, but you are also seeing it broadly across the industry in terms of allocations to crypto assets. a lot of that is backed up by data on chainsgéi. caroline: are people coming into your find because they want access to de-fi, to certain protocols, maybe they don't have time to do due diligence? ? spencer: it varies a little bit depending on the lp in our find. on a high level, they are looking for exposure. i believe there is something here, i believe there is upside potential but i don't have the time to dedicate 15 people, so, blockchain capital, why

then it went to 51 companies. and based on a "new york times" story that many of you saw, an investigation, more importantly, 17 of those 51 were believed to be using forced labor. so a significant number. part of our response to be, in this country, is to say why are we relying on china for ppe in the first place. we should have a more rehibl source here. so it goes to what dr. lebaron is saying. this goes to companies as they are reviewing their supply chains and specifically out of central products like personal protective gear to be able to think about this in a different way. not to be relying on places that are violating the rules on forced labor or for other reasons, in the case of china when the parmd hit. there were some company not forthcoming because china was using its own ppe so companies weren't honored. so there is a push. and i have legislation. we need help from the government to do it because it is not as profitable. but i think it is worth it. so that's one way to address it. to say in the conte

then the financial health of the company -- can this company run? do they have a lot of debt? are they able to use the cash flows to cover their responsibilities? then you start to think about other considerations such as the broader marketplace and how we can step up in a world that is incredibly challenged. if you remember, also with very little information. that is how it is changing, from a broader strategic role to a much more technical role, and that is part and parcel of being a good board member. emily: absolutely, and you write about how many people think the buck stops with the ceo, but all these risks board never stayed on, given strategy around the company and operations and not just short-term thinking, a big part of board members' role, as you write, is ceo's. we know now that ceo's and what is expected of them has really expanded quite a bit. can you tell us a little bit about how you have been involved in ceo succession in the past and if there are different questions you are asking these days that fit into what is expected of business leadership? dambisa: yes,

own a video game company.ou have to wait two quarters, and then you can do it 27%, i would take it down to 15%. i'll sleep better at night marcy in new jersey, my home state. >> caller: hi, jim thank you for taking my call. >> of course. >> caller: thank you for all you do for us. >> you're very kind. thank you. >> caller: i'm a longtime fan, second-time caller. >> excellent. >> caller: i love the picture of your rescue dog, nvidia. >> i miss nvidia. >> caller: i love the picture of you in your garden wearing a suit. >> i love that wear that when i garden it's important, you have to be sty stylish. go ahead. >> caller: my question is about the steel company. >> sure. >> caller: hit the estimates yesterday, yet the stock continues to go down is this because the infrastructure bill is stalled in congress, or are there other factors and should i sell? >> first, thank you for all the kind words second, here's what you have to know leon was on this morning speaking to becky on "squawk box. i think that if you look

the financial health of the company, can this company run , do they have a lot of debt to cover their, you use their cash flow to cover their responsibilities. then you start to think about other considerations such as the broader marketplace and how we can step in the world that can be challenged if you remember was also with very little information so that's how it changed i say from runners to people to a more tactical role and that to me is part and parcel of being a board member. >> absolutely and you write about how many people you about socks with the ceo but there are always risks that board members take on strategy around the company operations and not having just short-term thinking. part of board members role is ceo succession and we know now ceos roles have expanded quite a bit. can you tell us about how you've been involved and your succession in the past and is there a different question you're asking these days that fit into what's expected of business leadership ? >> the truth is that i think it's important that we all understand that in a sense, corporations are livin

your picks, these are companies that your fund either owns or your company does, etsy, the crafts company general motors, which might surprise a lot of people even though they're moving towards electric vehicles strongly and keysight technology, one i'm not familiar with off the top of my head you can explain it to me >> sure. so starting with keysight, keysight provides electronic testing and services you're right it's not a very well-known company. as we looked at it, we liked it on the three dimensions that we used to assess companies on a forward looking basis. first there has to be an esg rationale for owning the company and that's based on the material, environmental issues we identify. secondly there has to be substantial return potential and then thirdly we have to like the competitive dynamics within the industry and competitive positioning of the company and this is one that really meets that criteria. the big surprise here was that this is a company that really operates at a highly technical space. however, they have outstanding diversity statistics, and they also disclose them

>> yes. >> we need that company.u noticed how much we need these companies don't you say that we need that company we don't need 3/4 of these companies. >> you don't think so? >> no. >> there's a lot of capital available. there are a lot of companies that have been raised via spac, and there are a lot of companies that have great growth prospects in out years in industries that we care about. ev is certainly one of them. >> ev. >> there's been a great deal of space of late. we had their latest deal they did for their spac, their latest spac i think it was number five for them in terms of -- you know, they take pictures from space of all sorts of different things down to like the hair on your head >> it'd be a fly >> we're going to have flying cars >> arc was buying yesterday, netflix, netflix that's become a wood stock again, selling roku, home run, selling raven home run because of the polaris deal, and david, my favorite, buying walt disney, 108,000 shares you know what she's probably going to see walt disney is? c

in india, we are looking at infrastructure related companies, companies that make equipment.ipes, wires, that sort of thing. and of course, medical testing is very important because everybody needs to get all kinds of testing for these various viruses running around. in the other area, we like the consumer oriented, particularly those consumer names related to the internet. internet selling and buying, that is growing very rapidly in china and in india. dani: if that is your view on india, i wonder what you make of gold. you kind of touched on it a bit earlier. does gold become attractive at these levels just under $18 00 on gold futures? mark: i think you have to accumulate gold when it down because in the long run, it is a solid thing to have in your portfolio. but i am not recommending a huge part. maybe 5%, 10%. and by the way, physical gold, not gold stocks, not gold ips or whatever. [laughter] alix: it is the etf's cousin. mark: sorry, etf's. [laughter] alix: good to talk to you. we really appreciate your time. always good to get your perspective. mark mobius, founding

>> guest: at cta with hundreds of companies, about 1500 companies that are in north american companieshat in the tech space, every major company you can imagine, most of the car companies, big platform companies but as well as companies that are smaller, retailers, best buy, walmart, others, airbnb, companies like that that have new innovative business models, , getting tech out to consumers but no company invites more than 1% of our revenue and 80% of her companies are smaller businesses and we have a lot of startups as well. >> host: as a paid cheerleader for the technology industry do you take policy position? >> guest: yes, indeed we do. we do lots of major things, we produce a fence to get people together. we to public policy positions advocating for innovation that is our primary thing we do in washington and state legislatures. it's not like we're protecting any one company but we do want innovation to occur because we are passionate innovation helps our fundamental problems for mankind, get people together, provide that health care, education. anything else like that and what w

we have a number of other companies. companies like nvidia, broadcom, the various power companies.e have to think about this like we do the internet. some of the end consumer platforms where the estimate of 800 billion is organized but we have to think all the way down to the companies who produce the hardware we use to access the meta-verse, the computer chips. the companies that need to deliver this at ever-increasing bandwidth and reliability. all the way down to netflix and tinder who have to find new ways to exist in this averment. emily: curious how you see the worlds of d5 and the meta-verse potentially converging. this is another 10 knology folks -- technology that some folks are really bullish on and i imagine there is some intersection. >> for a very large contingent of the population, blockchain is synonymous with the meta-verse. i cannot believe it is not a strict requirement. all the things that blockchain does can be done through other means. the question is is it a superior way of doing said things or is it the likely way to which we do that? the best technology stan

emily: still a new company, the ceo, how is the company doing and how are they responding to these chargesthe share price has been on the wild ride, i one point it fell 5 billion, the company scale back its ambition after trevor milton resigned. it is making slow progress. i'm hearing sources say they might get back to -- get to a battery electric semitruck, there's a prototype, they're building a factory in arizona, but it is not revenue generating. they have big's -- partners, but they are far away. emily: keep us posted on how it plays out. coming up, and disciplining -- a disappointing debut for robinhood, the ceo calling this appearance -- experience humbling. vlad: it is humbling that six short years after we launched our product to the public, we have over 22 million customers and we are on this journey with our customers and allowing them to purchase a paid in the offerings. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can del

the financial health of the company, can this company run , do they have a lot of debt to cover their, you use their cash flow to cover their responsibilities. then you start to think about other considerations such as the broader marketplace and how we can step in the world that can be challenged if you remember was also with very little information so that's how it changed i say from runners to people to a more tactical role and that to me is part and parcel of being a board member. >> absolutely and you write about how many people you about socks with the ceo but there are always risks that board members take on strategy around the company operations and not having just short-term thinking. part of board members role is ceo succession and we know now ceos roles have expanded quite a bit. can you tell us about how you've been involved and your succession in the past and is there a different question you're asking these days that fit into what's expected of business leadership ? >> the truth is that i think it's important that we all understand that in a sense, corporations are livin

every ceo, every executive team at every company right now is trying to figure out what their companyks like moving forward. is it remote is it hybrid and what they're actually doing is rethinking their culture. and rethinking their values how their company works. other than, you have every employee in the world working remotely the past year, trying to figure out not only how or where they work moving forward but why they want to work moving forward. they're rethinking their values as well. this is creating a large idea of a talent reshuffle we call it the great reshuffle it's a good thing. over the next 18 months or so it's going to be uncertain, messy. but over time you're going to see employees and companies coming together in places where values aloan that's better off for the future of work. and for linkedin we sit in the middle of all this we sit in the middle of companies trying to navigate the future of their company looking like we sit in the middle of employees trying to figure out what they want to do in the future what connections they want to make, businesses they want t

the company fell another 7% after the company said it removed another the five apps from online storesmply with the chinese order and warned of adverse impacts from that removal. that brings total losses to the company to about 20% since the ipo at the end of june. finally, let's check in on the meme stocks. the originals did not do too hot today. gamestop fell a little today, amc even more, down almost 8% as movie stocks probably slid but, meanwhile, s go to is your new kid on the block. it soared over 100% today. this company used to be a tiny stock but no longer. reddit stock was lit up with engines today, so meme mania is alive and well. emily: retail investors have a new kid in town. meantime, when china yanked ant financial's ipo last fall, it seems largely focused on monopolistic practices, which were positioned as a bid to protect consumer rights and maintain stability. with the recent crackdown on dd, this seems to focus on sensitive data and national security. here to break it down, we have sam sachs, a new america cybersecurity fellow. this is the latest in a series of moves

including how the company remains a great company through the energy transition so i guess i would sayhe current new cycle that we look forward to the new directors joining the board and the company managing for the future, acknowledging some of the changes and transformations that have to happen there. if i step back, we built engine number one specifically because we see a real link between the impacts the company makes on workers and society and the community but also on climate and the environment on the long-term financial value of these companies, so whether it is an activist campaign or the new product we launched, we think we can work with companies and hold companies accountable for doing the right thing over time. >> let's give it to that etf and talk a little bit more about it, jennifer. etf money, generally passive money. this is the exact opposite. walk me through the structure on how an etf will help you further your cause. >> we think about ourselves as capitalists and we want to help these companies do the right thing and as more and more data becomes available, we can

for the tech company.whatever the authority tells them to do so. you will expect more intervention from the highest authority. >> you know, just now we are getting flashing out of "the wall street journal" showing bytedance showing regulations after a warning of security. it is the data security issue coming up again. didi allegedly was warned before they decided to go for the ipo and they still went ahead and did it bytedance showing a different view my question is how will this effect the overall pipeline of the chinese companies looking to list in the u.s. is it worth the hassle for them now? >> perhaps not perhaps you will see less chinese companies interested in listed in the u.s. strock exchange the chinese government is interested in keeping money at home and investing in home instead of investing abroad. that is the overall direction. >> i want to take you on a slightly different tack. perhaps they do go hand-in-hand. that is the expectation of the chinese economy evolving from here we get second q

we think about the financial health of the company. can this company run? did they have a lot of debt or are they able -- can they use the cash to cover their responsibilities? then you start to think about other considerations such as the broader marketplace and how we can step up in a world that's challenged. if you remember was also very little information rate that is how it's changed i would safer make broader strategic role too much more tactical role. that to me as part and partial being a good board member. >> absolutely pretty right how many people think the buck stops with the ceo. but in fact they're all these risks board members to take on given new strategy or on the company and operations. not having to short-term thinking. a big part of board members role, as you write to ceo succession. and we know now that ceos were the most expected and expanded quite a bit. can you tell us a little bit about how you've been involved in ceo succession in the past and are there different questions you are asking these days that fit into what is expected of

take the tech companies, the tech companies argue frequently, our service is free, google, our services are free, but the problem with that is that they may be free in terms of the consumer facing product, but the companies extract monopoly rents in other ways, take data collection, you don't have a choice if you want to collect your data, facebook or google or twitter, they're tracking you without your consent and usually without your knowledge. they're going to extract your data. that's a monopoly and no other place you can go and no other peer competitor to them. my data will be protected. facebook used to pledge that they would protect data and that's when they would have real competition, a decade ago. as soon as they do that they collect the data. the consumer welfare standard i don't think is enough. you can have services that are technically free, but in fact still have the characteristics of a monopoly and burden consumers and cost them something tangible in terms of their data and we need a new standard that gets at competition, that's a standard i would propose. protecting an

company strategy to it.e to see more innovation, they need a head of product management, they need to get the innovation people in the game and give them license to do some things that are not share holdings in other companies. i mean the stock performance is the biggest measure here, i.p.o., 10% and nasdaq up 120%. i do think to really get back to where these other tech companies have grown, they got to do some innovation in house, not the acquisition alone. emily: emil michael, i knew you would tell us what you really thought. i appreciate the honesty, good to have you back here on the show, thank you. coming up, more on didi's big debut from the perspective in china, we're going to head there next with a live report. this is bloomberg. ♪ emily: let's get back to didi's u.s. i.p.o. debut, the chinese ride hailing giant raising over $4 billion on the new york stock exchange, the second biggest i.p.o. in the u.s. for a chinese company ever, all while china is celebrating the 100th anniversary of the china co

the drug companies are going after the spend from the insurance companies.creasing the amount of money that you're receiving. one of the things we need to do, we understand the system is broken. everything from the drug companies to the insurance companies to now the patient assistant programs that all jack up the price of pharmaceutical drug prices in this country. with that i yield back. >> the gentleman yields back. i thank him for his statement. before we close, i would like to offer the ranking member for any closing remarks. you are now recognized. >> thank you, madam chair. i want to be very clear what the republican position is. we strongly support the patent system that encourages innovation. however, we certainly don't want to see a patent system that is abused. and they're always going to be bad actors and those bad actors need to be held accountable. but to be completely candid about this conversation and the democrat proposal that has been mentioned several times today, the biden administration, the house democrats have lost a lot of credibility

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out of the roots of the levy company comes -- a flat glass company. then there is fiber glass. so, fiber glass was another way of using glass in an industrial setting. so, it grew and it wasn't just the lobby glass company, it was all of these other glass companies that were outcroppings of that one company that came here in 1888. >> toledo has a long history of glass making both in terms of its industry and then in the 19 when a series of spearheaded professor harvey littleton -- this was a case of works by what we would call pioneers of the early studio glass movement. toledo as a city and the museum played an important role in this watershed moment in the history of studio glass, which really takes us back to the early 19 sixties. in 1962, there was a man who cut ceramics at the university of wisconsin in madison, who really wanted to experiment with glass. he worked with a director then, a man named otto witman, to initiate a series of workshops. and the first one happens in march of 1962. and harvey sent out a letter to a group of other ceramic professors around the countr

there are 4700000000 companies in the u. k. we can't explain why a population size need so many companies, the tax authorities only off the tax returns from too many of those companies and half of the the rest say we are not trading. please do not trouble us by asking for a tax return. and then the u. k, we say, yeah, that's all right, we won't ask you for information of the ones that do submitted termination. a significant number say they have no profits and the number of investigations is tiny. so if you want to set up a company somewhere, which is not going to make displeasure, come to the u. k. pay 15 pounds for your company. signed no physical documents to do so, provide no proof of identity, which you would have to do. so in any the recognized fact based in the well form your company that trade for a while and then get rid of it. and literally the company's house in the u. k. will get rid of your company on payment of 10 pounds of declaration that is never traded, whether that is true or not. so this is the place which pr

we are trying to tap on our ecosystem of companies, trying to put companies together.investment in a very large company in the u.s., then we try and put it with a chinese company, company in singapore, southeast asia. the conductivity, i believe, is very important. china gives us plenty of opportunities. kathleen: that is nagi ham --nagi hamiyeh. for more, watch our bloomberg special, red vines on youtube. this is bloomberg. ♪ >> the consumer, house value is up, stock value is up, incomes are up, savings are up, the pandemic is coming to the rearview mirror, and they are ready to go. you see the home crisis, auto purchases, it would be much higher but for supply constraints right now. kathleen: a very upbeat j.p. morgan chase ceo jamie dimon on his bank posting second-quarter revenue, which in his view, shows consumers are emerging from pandemic lockdowns and opportunity is abound. many see things differently, despite jp m and goldman. let's bring in su keenan to explain it to us. wells fargo's security bank analyst was almost upbeat on the banks, where they are, where

that's how other companies died and facebook thrived looking to companies continuing to wow their customers with great services and to continue to show the advertiser and consumer that their dollars and eye balls should be spent on those sites. >> we'll learn about that and thank you for joining us >>> senators are targeting section 230 to fight vaccine lies on social media introducing the new bill that would remove liability shield for companies should they promote false public health and misinformation we have casey newton on. he spoke to mark zuckerberg yesterday but deidre >> he spoke about the medaverse, which raises a whole other slew. if you can't do it in 2 d, you'll get a lot of heat, how do you expect to do it in 3 d also coming up, we have intel ceo pat gelsinger. stay with us it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything

we then start to think about the financial health of the company -- can this company run? do they have a lot of debt? are they able to use the cash flows to cover their responsibilities? then you start to think about other considerations, such as the broader marketplace and how we can step up in a world that is incredibly challenged. if you remember, also with very little information. that is how it has changed from a broader strategic role to a much more tactical role, and that is part and parcel of being a good board member. emily: absolutely, and you write about how many people think the buck stops with the ceo, but there are all these risks board never stayed on, given strategy around the company and operations and not just short-term thinking. a big part of board members' role, as you write, is ceo's. we know now that ceo's and what is expected of them has really expanded quite a bit. can you tell us a little bit about how you have been involved in ceo succession in the past and if there are different questions you are asking these days that fit into what is expected

public the company would merge with mca and would value the tech company at $1 billion.e this week and would follow other companies going public as consumers spend more time online and brands place a bigger focus on digital advertising. >>> facebook creating mark zuckerberg's vision to form a product team on the metaverse. it involves the creation of digital worlds that multiple people can inhabit at the same time facebook joins apple and google and microsoft with the focus on vr and ar technology. >>> intel is vowing to regain the role as lead chip maker with a strategy by 2025 it will measure progress and chip production. the current system gives some companies an unfair advantage. intel signed up qualcomm as a customer along with amazon. >>> tesla topping expectations with the second quarter results. the company reporting more than $1 billion in income for the first time the company's investment in bitcoin with a $23 million impairment dragging on the operating income let's dive into the results with tim at granite advisers. >> thanks for having me. >> we will dig int

the drug companies. love it because it makes the part of the f da that evaluate their drugs extremely friendly since they supported it is a blatant conflict of interest. this ought to be well funded and there ought to be no conflicts of interest. ah, i use i use the forgotten about for a long time last fabio grew and his colleague resting traffic again as a piazza. the media transforms into a real once more. d w. in december, 2019 the european councils new president show me shows embarked on a ground breaking mission. you jewels to make you the 1st time to try to turn on the planet by 2015 but not all member states supported and some persuasion is requires a surprising glimpse into the very heart of power. negotiations, alliances. the flattery incentives but best laid plans often go astray, supposed have gone, who will win the game of diplomatic poker? the entry power plays and the lines behind the scenes of the climate summit starts august 5th on dw, the who's this is b w. news lied from south africa. t