. >> editor at large corey johnson nd gordon chang author of "the coming collapse of china."s making a shift from the company's core products while doing system of details next. ♪ >> that the requests bloomberg quest" where we focus on innovation, technology and the future of business. apple pay has been live for four days and there have been a few hick cups, especially at retailers that weren't properly prepared. one major issue happened with bank of america, about 1,000 b of a cardholders were charged twice for apple pay transactions. theback says this is due to a processing mistake that occurred between the bank and the payment networks. bank of america says duplicate charges will be refunded. they say apple pay is off to an amazing start and customers have been reseptember iive. twitter is hosting its first mobile developer's conference here in san francisco this week and the company just launched a set of new tools to make it easier for them to build applications. they're bundled under a new product called fabric and play a keel role in twitter's effort to win over mobil

corey johnson joins me now from san francisco. what's going on?big news is the split up of the company. one took away the medical and testing division. other sliver of hewlett-packard here. lost in that news of the restriction. the turnaround of this business is not just taking a lot longer than anticipated, but they are .oing to take much more another 5000 layoffs is a serious issue. out just how much of a serial restructure hewlett-packard is. unique in all of technology, maybe even all of big business. >> talk to me about the challenge this presents. >> they want to get beyond it. opportunity lot of for meg whitman. mark -- everyk to hasfor the last 14 years been taking restructuring charges for the company. the notion this is an extraordinary event and a this has been a regular event for this company ever single quarter every single year going back for many years. >> these restructuring charges -- how do they change hp's earnings report? , thee real earnings non-gap earnings after restructuring, they have to pay for those restructuring costs.

. >> editor at large corey johnson and gordon chang author of "the coming collapse of china."er ceo dick costolo is making a shift from the company's core products while doing so -- details "request." ♪ >> he has built some of the world's biggest pop stars. justin bieber, ariana grande and carly rae jepsen. it started when scooter braun stumbled across a youtube video of a kid in a canadian talent show. that kid was justin bieber. braun is the manager who catapulted him to superstardom. but as the music industry goes through dramatic transformations, ron is reinventing his own empire, producing movies and tv shows, investing in tech companies like

i'm corey johnson in for emily chang.oomberg west" this hour, first the new iphone and the new ipad. apple unveiling its latest full and mini ipads, an event on october 16. according to a person familiar with the matter, these ipads reportedly have a gold color as an option. but can the new devices reverse the decline, any color any did you -- new device, declinee

i'm corey johnson in for emily chang. ahead on "bloomberg west" this hour, first the new iphone and the new ipad. apple unveiling its latest full and mini ipads, an event on october 16. according to a person familiar with the matter, these ipads reportedly have a gold color as an option. but can the new devices reverse the decline, any color any did you -- new device, decline the reverse in plummeting sales. just as investors criticize the company for its tumbler investment, yahoo! is close to nother deal. yahoo!'s also buying a shawl company called message me -- a small company called message me. and tesla will unveil auto pilot to be announced next week. will this self-driving sales job really fly? there's been buzz about new ipads for months. now we're learning just when they'll be unveiled. apple's unveiling a new full-sized ipad and a minute >> i -- mini ipad. just in time for the holiday shopping season, according to a person familiar with the matter. apple's counting on these new ipads, which are said to include a

corey johnson on facebook. day,e market event of the the fed policy meeting in washington. what they are not going to do. , finally, the end of qe. >> it is hard to believe we are finally there after three rounds of qe and a twist, the balance sheet has gone from $800 million --$800 billion to foreign $4.5 trillion. now they finally taper. the real question for today is what does janet yellen and what do her colleagues say about the next major decision they have to make and that his interest rates? when did they start raising rates? we are not likely to get anything in the statement today. they are still on track for what they say is a tightening in the middle of next year. sayingmarkets are something different. they don't see an increase until the end of next year. >> which is kind of weird. you look at what the fed is telling us themselves, this is from their last meeting. fedhe end of next year, the rate is at 1.375%. how do you get to that? they don't want to shock the market by really raising rates a lot. so you back time it. twitter fivet a basis point move, you have