emily: cory johnson. thanks, cory. i want to get back to salesforce's dream force conference.here with the president of the salesforce foundation. we know that philanthropy is hugely important to marc benioff and salesforce. you're the person in charge of making it all happen. tell us about the charitable giving efforts that are underway here. you, emily. it is great to be here. it has been a pet has to query -- a fantastic week at dream force. week. been a incredible our values, renovation, giving back. giving back is incredibly important to the culture of our company. we have raised one million books, raised $10 million for the children's hospital. i ran into a group of girls from black girls code. we have 500 kids here this week. it has been fantastic. we have 700 veterans that are here for career mentoring. every day, there is a theme here at drink or that aligns with our coalition. emily: they champion the 1, 1, 1 model were companies give 1% of their time, resources, equities to charity. you have been trying to get other companies to do this, other technology companies.

cory johnson. our editor at large with our bwest byte.m here now with the president of salesforce foundation. we know that philanthropy is usually important to marc benioff, important to salesforce. you are the person in charge of making it happen. the us about hoaboutall charitable event underway. i gave looks to the book drive. >> it has been a fantastic weekend dream force. our values, renovation, giving back. giving back is incredibly important to the culture of our company. we have raised one million books, race $10 million for the children's hospital. i ran into a group of girls from black girls code. this week. kids here it has been a fantastically. we have 700 veterans that are here for khmer measuring for tomorrow -- four career measuring. every day being here a dream force aligns with our terrible mission. the 1, 1, 1champion model were companies give 1% of their time, resources, equities to charity. you have been trying to get other companies to do this, other technology companies. but the majority still are not doing that. wha

cory johnson is there. what are you hearing so far?im cook is standing on a stage saying, the monster announcements are about to happen. says 97 percent of the apple watch users are satisfied with perhaps it here it is just very small. i think the size of the announcement for the monstrosity really does depend on the viewpoint. we are expecting minor updates of the apple iphone six and six plus. we are expecting an update of apple tv. maybe we'll see some new bands for the watch. maybe there will be surprises. we're waiting to see. think of au could monstrous surprise within the realm of possibility, what would it be? >> godzilla walking over the corner. what the bigout paradigm is right now. smartphone sales across the world are slowing dramatically. predicting closer to 10% growth this year. sales in china are dramatically .hrinking in terms of growth it has got to be something that could cite not just the global market but particularly the chinese market, which seems to be slowing in all at next -- all assets. smartphone growth in c

for more, let's go to cory johnson. thes standing outside auditorium in san francisco. cory: right behind me through those doors, we have phil shiller on the stage right now. talking about the new apple tv. it was last upgraded in 2012. big upgrade as expected. the ability to use it syrian with your remote control to tell the tv what to do. siri.use you could say what funny tv shows are available and it would show up there. that is what they are trend to offer with apple tv device. the ability to use things like netflix. we've heard about apple negotiating with hollywood studios, talking mother own custom offerings. -- talking about their own custom offerings. pimm: thank you very much, cory johnson. yahoo!, the chief executive got slammed this morning. her company was called an accidental hedge fund. it happened right here on bloomberg tv. tom keene was discussing yahoo! and marissa mayer with scott galloway. >> in my view, if she had not announced she was pregnant with twins, she would be out of the job in six months. i don't think any board in -- she wants to be seen

cory johnson was there all day. cory: let's get context. apple is in an interesting position because they have been so successful. they have big numbers to top. apple is a very different company than it was a year ago and the world is very different when it comes to smartphones. apple, with the release of the iphone 6 and 6 plus really changed the game for this company. yes, the company got bigger but dramatically so, so much so with a big growth in the phone that it represented half of the company to almost 2/3. all about iphone sales. any movement good or bad will have dramatic move. this product release was very important because the iphone is very important to apple. similarly, the world is very different. iphones are selling in china for the first time with a new release a few weeks last year selling the iphone 6 in october after a september release. that is a big deal because now well over 20% of the company's business is derived in china. they have a big product in china that is now 1-year-old. is the new product a reason for people

i'm cory johnson, in for emily chang, and this is bloomberg west. verizon and aol creating "go 90," but can they really compete with fine and snapchat? a car company is counting on a new model to help its slumping sales. and amazon takes a page out of uber's playbook. they are providing new services. now to our lead -- google trying to grab the spotlight back from apple. they unveiled two new smartphones to go head-to-head with the iphone, the nexus which uses the latest version of android. "marshmallow." it has all the bells and whistles. we are joined by brad stone. what did you see? brad: as you know, google supports thousands of different devices for phones, tablets, laptop, but today was about the flagship. front and center were the two nexus phones. both run the latest software. they have a fingerprint sensor on the back. these are next as devices, so google does not sell them via wireless carriers. a large one start at $499. they are expensive and the question is who are these for? other reference designs for other makers or is google trying

cory johnson is with us, our editor at large. he has been taking a look at the headlines.t does it mean when it comes to the irs and how much yahoo! can be taxed on this alibaba spin off? corey: yahoo! made a smart investment a long time ago. they want to sell the investments without paying taxes. distributing it to the yahoo! shareholders has been their plan. the big thing with the irs saying this spinoff is ok, and they've been waiting for word from the irs. there has been nature being -- irs thatfrom the future decisions would have a different rule applied to them. the irs has refused to take a meeting with yahoo! about this, so it's unclear what it means. it tells us the irs never just signed off on this proposed deal from yahoo!, that the taxable burden for the spinoff, the whole reason the structure was proposed is not kosher with the irs, at least not yet. emily: yahoo! shares are sharply down right now after hours on this news. obviously investors are trying to get a sense of exactly what it means. thank you for that update and we will continue to follow this and b

we will get to our at large, cory johnson, but breaking news headlines coming out of yahoo!.e will give you the update as we get it. this is having to do with the irs situation and some of their tax obligations dealing with the alibaba spinoff. i will get back to that when we have cory back with us. however today in unicorn news, , $160 million has been raised from insight venture partners. the latest round of funding ballot at $1.2 billion. blabla is a ridesharing service between cities. outside europe, they operate in india and mexico. as far as the name, writers can bla if they would like to write in silence. light chat, or have a conversation. cory johnson is with us, our editor at large. he has been taking a look at yahoo! headlines. what does this mean when it comes to the irs and how much yahoo! can be taxed on this alibaba spin off? cory: yahoo! made a smart investment a long time ago. now they want to sell that without paying taxes. distributing it to the yahoo! shareholders has been their plan. but the irs has not signed off on it. there are many steps for the appro

that was bloomberg west editor at large cory johnson in san francisco. get more on apple's product launch at our digital destination, bringing the best of bloomberg news, business week and digital content in one address. too, how japan is equipped handle its aging population while greece and south korea are not. why the 26 people living in a tiny south texas town chosen by spacex as its launch site want elon musk gone and their obscurity back. looking for direction, we ask our next guest if markets are going through a healthy correction or going through a bear market. ♪ angie: thailand and china say the bangkok homing may have links who weaker nationalists. he is said to have passed the bomb to the man who left at the shrine. one theory is the attack was in retaliation for the forced repatriation in july of 100 ethnic leaders. the government of myanmar had agreed to sign a cease-fire in the first week of october. negotiations have stalled over how many of the groups would be included. 17 are expected to sign. aey have been fighting for time in me since t

cory johnson in san francisco. i am signing off now. coming up, automakers trying to outdo one another. the peaks of world premiere at the frankfurt motor show this week. that story next. worldak peaks at the premiere in frankfurt motor show this week. ♪ this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you n

i want to bring in cory johnson. y, yet another retailer wants to get into the business of delivering your food. cory: what is interesting about this is that you are totally wrong for the first time ever. target is not getting into the business. they are partnering with a san francisco aced start up. it is an 18 cities in the u.s. right now, but certainly big plans to expand and have taken venture capital money to do so. partnering with target, companies get something out of this. target is trying this out in minneapolis, their hometown. the grocery business is very important to them. they have devoted 1.7 million square feet nationally to the grocery business, but it has struggled in times, growing slowly as the rest of their business has struggled. it has given another outlet in a way to connect with consumers who do not want to get off of the couch and have their grocery show up. tacart, it gives them a tremendous advantage. one deliveryuses service, it gives them a great share in that market. amazon's delivery ser

cory johnson will join us with the latest. ♪ mark: even cory johnson a victim of today's market selloffed on the screen today. we are seeing the dow industrials coming off the lows of the session, down 381 points. , nearly all the companies in the red today. s&p down 2.3%. ♪ mark: it is 11:00 a.m. in tampa, 2:00 p.m. in new york and 2:00 a.m. in hong kong. -- 11:00 a.m. in san francisco. stocks slide over concerns about growth. is canada on the brink of a recession? technically, they already are. plunging oil prices. mark: red ipo's. why 70% of ipo's in the last year have been money-losing firms. good day from bloomberg world headquarters in new york and i'm mark crumpton, here with scarlet fu. september traditionally has not been a kind month, but this is getting a little ahead of itself. scarlet: falling right in line with that trend. lots of red across the screen for u.s. stocks. doesy 10 industry groups look at the 10 industry groups and s&p of never come all

and here is cory johnson. what about the new features?nderstand there are cold followers of apple products that have been waiting for this new addition? for the must-have technology product, the latest iphone of the date, geeks like me will buy the latest thing because they have to have the latest thing. the iphone business is a huge business. it is the most successful phone, the biggest company in the world, and it is driven by the iphone. suppliers have been getting ready for the device and put things into it. up to does not make them on their own, they have suppliers -- apple does not make them on their own, they have suppliers throughout silicon valley. they have to have their products for some these phones time. when you go through the list of key suppliers, bargo technology, logic. logic, -- siris all of these countries benefit from the growth of apple. they take place alongside apple with creating the ability to make the iphone do its magic. you see a reaction from those companies and their stocks. look at skyworks solutions, the c

why not ask bloomberg editor at large cory johnson?ory: in the world of streaming we have netflix, 36% of american homes. you have hulu and amazon prime also making a really big effort. all of those three companies, all of them invest in original content and making shows like "house of cards," "daredevil," other things they are having success with. hulu making big investments in original content and amazon prime as well with shows that won an emmy this year. apple is the only one that is not doing original content of any kind, but as we increasingly say, these guys investing -- i sat here yesterday. we talked about netflix making investments in original content and exceedingly more investments -- olivia: but that is what netflix does. cory: it is. apple has arrangements to distribute content and it looks like more and more they will have to get content. you see how apple could have these discussions. they have not done anything yet, but they're starting to. olivia: who is in charge of that? cory: eddy cue, who runs the relationships wi

bloomberg's cory johnson joins us from san francisco. rey, was ever a time when apple didn't say that that their preorders were fantastic and superstrong? cory: a year ago they said that. they gave us a number. a lot of us were sitting around waiting for this number. wondering what the number would be. exact how many phones to do s -- did you sell? they did not tell us. they said super. they did not give us a hard number. you had all kinds of people across wall street, analysts and beyond, trying to figure out what this one would do. one of the most important clues was the map. where they are selling this one. where they are offering this one for sale. there is a lot of excitement about the new iphone 6 and the new iphone 6 as plus. tweaks to software and hardware, i think the most interesting thing about they way they are selling this phone is where they are selling it. if you look at the global map, the biggest difference is that this time apple has decided to sell this phone in china on day one. they took preorders in china over the co

we will get to our editor at large, cory johnson, but again, breaking news headlines coming out of yahoowe will give you the update as we have it. this is having to do with the irs situation and some of their tax obligations dealing with the alibaba spin all. i will get back to that when we have corey back with us. news, $160icorn million has been raised from insight venture partners. the latest round of funding ballot at $1.2 billion. outside europe, they operate in india and mexico. you can choose if you want to write in silence, like chat, or have a conversation. is with us, our editor at large. he has been taking a look at the headlines. what does it mean when it comes , how much yahoo! can be taxed on this alibaba spin off? corey: don who made a very smart investment a long time ago -- yahoo! made a smart investment a long time ago. distributing it to the yahoo! shareholders has been their plan. the big thing with the irs , andg this been office ok they've been waiting for word from the irs. that was a suggestion future decisions would have a different rule applied to them. the irs

. ♪ cory: i'm cory johnson, in for emily chang, and this is "bloomberg west."nd aol creating "go 90," but can they really compete with vine and snapchat? tesla is c

. ♪ cory: i'm cory johnson and this is "bloomberg west."asbook ceo sheryl sandberg on stage at an advertising panel this morning. the thing that most surprised us three years ago was just how fast it was. we all had our models, the industries that models, and it outpaced all of them. when we adjusted it it would adjust again. been changing has the game on mobile advertising, partnering with nielsen. ads will be included in their total ratings. she explained how ad buyers would be better positioned to access facebook's 400 million monthly instagram users. >> we are rolling out a lot of options on instagram. globally, we are rolling out self-service in the ability to buy in different ways. heportantly, using it -- t power comes from getting the right message to the right person at the right time. week,also after this verizon's new mobile video service picked up its first major advertising commitment. they are signing a year-long deal with $50 million. they are emphasizing code and data as the secret sauce in a bid to control the future of adv

matt: cory johnson joins us from san francisco. or at least, some possible details about the new phones dimensions. what are they? here is toe blog is be believed, and they've been pretty accurate, we are expecting an upgrade on the iphone, from the six and six plus to a success and success plus. chips, better cameras, better lge connections. that's the big announcement they have been spending weeks preparing for at the bill graham auditorium in san francisco. they have been spending a lot of time suggesting that maybe there is more going on was siri, maybe there will be an apple tv that might be siri empowered, to the point like the amazon product on the market where you yell to your remote control, hey, siri and it will power up siri is a way to guide through your television experience or your apple tv device. that device has been on the market for many years, and hasn't had a significant up rate in three years. this is more likely to be an upgrade event that a new product event. mark: the product cycle for apple is about a year

cory johnson gives us a snapshot of the success. china's president tours the pacific northwest, we will have a live report from seattle with the latest. ♪ alix: breaking news. the ceo of volkswagen is going to resign coming out just now. says he requested the step down and he is stunned that the misconduct happened in volkswagen on such a scale. we continue to get headlines. he is not aware of wrongdoing on his part. the live shot is where we will hear from the ceo. scarlet: this is coming from a statement, so he has not yet come out to speak to the press just yet. dutyys he does except the and was requested to step down, pressuregiving in to presumably from the board. you mentioned that he is not aware of wrongdoing on his part and the company needs a fresh start. he is stepping down and resigning as ceo to depart from folks like him. alix: this is a stunning development. folkskorn is convinced like and will recover and accept responsibility for irregularities despite the fact that he does not hold himself responsible. ryan chilcot

mark: cory johnson joining us from san francisco. betty: i may have to download one of those acts. high-end luxury real estate market in new york may have hit its peak. mark: we will tell you how one of the world's largest builders is responding. ♪ ♪ mark: welcome back to the bloomberg market day. i am mark crumpton here with that e-mail. betty: where have all the u.s. billionaires gone? on -- mark:ocusing that is a big discount for the new development listings. here to explain what a luxury condo glut means. it is kind of interesting to say "glut" in the and same sentence. >> the first people out of the recession built very high and product -- height and products, and records were set. you had people buying condos for tens of millions of dollars and every developer piled in and said, let's build really high and stuff. apparently they knew there was just a lot of money on the sidelines, just waiting for the right time and opportunity. >> you had a lot of global investors looking for something to invest in, and this is a great opportunity. everybody piled in, and the resulting cost

for more details i want to bring in bloomberg's own cory johnson. here is our watson expert. ry: yeah. sales ofl us about watson. they are selling what the computer can do. cory: that is the point. best brand.m's they are creating a lot of initiatives called watson, but our branding a lot of the software efforts, the cloud initiatives under that brand of watson. the thing that they like to talk about because it is the thing unlikeves them good pr, the financial result or the performance of their stock. what we have seen from their stock is problematic at best. when they trot out watson, it is the thing we like to talk about because it sounds nice. they are using that name on a lot of different products from the watson health initiative to all caps of software initiatives -- all kinds of software initiatives. matt: when i think about what's and i think about what's in winning on "jeopardy!" how cool that was. what else does watson do besides winning at "jeopardy!"? we see the resulting sales have been falling apart. consecutive quarters of declining sales where it is getting ex

paul county deputy mike walsh recovering after eyewitnesses say this man, cory johnson, began beating walsh during a traffic stop. bystanders decided to intervene, able to stop the beat being and detain suspect until back up arrived and arrested him. sheriff calling those three men heroes. >> i just trying to help. >> i'm not out to live for no hero stuff, none of that stuff, all i wanted to do was help that officers because that boy would have killed limb. >> deputy now recovering from broken thumb. the suspect is in jail, on several warrants, in addition to charges of assaulting a police officer, and resisting arrest. >>> a man found burried alive under debris in his basement is out of the hospital and recovering at an up-state new york hospital. police say that the man in his 60s waist covered in several feet of debris at the hands after neighbor, 44 year old hear offered ortiz. victim said ortiz had moved into the building a few weeks ago, ortiz is now charged with attempted murder and unlawful imprison. >>> still ahead this morning, some new research on the shingles vaccine. why

cory johnson joins us now from san francisco. e investment thesis for apple is pinned on the iphone. cory: as it should be. 55% of sales. it is one of the little noticed things in the big announcement last week of a couple of new products, not least of which, the new iphones, the ipad, a pen, a keyboard. the new financing plan could have significant lasting impacts for apple. has beenst at ubs covering the area for a long time and did a lot of detailed work, including some polling of people about iphone usage and figuring out how often they -- they replace their phones. have aks this could material effect on the long-term value of apple's business and of apple stock. was staggering. he basically said the stock could be worth up to $200,000 based on the upgrade trade program. can you walk us through the math involved? to do ist he is trying figure out how often people upgrade their phones. if people were to join this pay $32 pere they month every month, and can therefore upgrade every year, how much more phones that could mean for

i will bring in cory johnson in san francisco. do we have any chance? -- any hints? cory: yahoo!s trying to figure it out. for a plano the irs for a tax-free spinoff, the irs would not grant that. saying good luck with that, we are not approving this. show us what you are going to do and then we will tell you what your taxes are. yahoo! maybe having to find a new way to do this. the context of the lockup is like no other. , $105e the ipo is so big billion worth of stock becomes available for a sale, is now available that was not available last friday. that is a huge deal even though some of the biggest shareholders, the ceo and shareholder, softbank is a big holder, not selling. yahoo! has not announced what their plan is going to be. nonetheless, this is a company that is seeing slowing growth as a goes forward. what we're seeing from this company is it has done a bunch of acquisitions. they have done some peculiar moves with use of cash, not least of which buying back shares even though they just want to the market to sell. so many shares becoming available right now. and talk

cory johnson, thank you so much., a shakeup in their to be outgoing speaker of the house. more details coming up. ♪ pimm: now we turn to politics. kevin mccartney made it official yesterday he want the outgoing house speaker's job. joining us this john holloman. i believe there are four candidates looking at the house speaker job. who is likely to win the job yet so i thought kevin mccartney would be the obvious choice. >> fortunately the guys you have their are running for majority .eader right now kevin mccarthy is only the declared candidate for speaker i believe. he now has the support of paul ryan today. pretty clear at this moment there is a pretty rapid consolidation around kevin mccarthy he coming the next bigger of the house. there will be very active races for majority leader. that is where all the real action is right now in terms of the house leadership going forward. --m: if carmen mccarney kevin mccartney does take over, what difference will we see in the leadership style? he is pitching himself as youn

a big deal today, cory johnson in san francisco, we'll be with us this morning.r is upon us, time for apple to trot out more products for my household to buy. it's all part of the apple ecosystem. william janeway hasn't ecosystem that starts with his fountain in hook, line,ll and apple tv as well. it is about the ecosystem being a home run, isn't it? how many tech companies can come out and raise the price of the product? the iphone is the only product in history that has expanded its mature margins. years ago there was a mystery on how they would do abroad, but the answer has been better than good. sell more going to iphones in china next year than the u.s.. this is truly a global brand. what nation has apple map become the ultimate luxury brand? michael: we know that tim cook is going to say -- and just one more thing -- that's what he does. they don't seem to be offering anything with apple tv that you are not getting from netflix or the other providers. is how much of apple tv going to be that important? scott: look at how much innovation has happened around

cory johnson will join us from san francisco. allegations in the corruption scandal at the front -- fifa. is it worth the wait. some say it's time to hike and argue that rates should catch up with where the u.s. economy already is. some worry that a will spook markets further. there are compelling markets -- arguments on both sides. expert.ee is our he joins us now on set. michael: the waiting is the hardest part. our team surveyed 100 economists and 50 say they are going to go up and 50 say they will say. -- stay. , a couple of years ago told his colleagues at the israeli central-bank something he repeated at jackson hole. doesn't necessarily bring the clarity everybody is talking about. a lot of people who say the fed should wait say give it a month or two and you will have a better idea of how china and the dollar is going to affect the u.s. economy. arian'somy top -- six taught him you don't get -- experience taught him something may come up. olivia: you just referenced a survey we did. see traders are reducing their that's.

cory johnson joins us from san francisco with more on this story.y are saying the sales of the product are through the roof. his applicants -- expecting that considering so many iphones are already out there? cory: they need to raise the roof. that is the big question. everyone of the last five thenes, they told us what preorder order number was in the first 24 hours. of annspicuous lack actual number that we would know about preorders in the first 24 hours, suggests maybe they're not blockbuster numbers. apple is also raising the bar a little bit by having one a week of orders. this phone was shipped on the 24th. that is one week later than last year's iphone or iphone 6 plus. one thing it does have in its advantage, shipping product in china. apple is releasing its core device, the apple iphone. orders were excepted on china. day one shipments, orders will be delivered in china of this new iphone. for that reason alone, everyone has every reason to expect the orders will in fact top last year's because their shipping in the market. that is the sec

alix: cory johnson joins us now with more from san francisco. how much of a hit will this be?ertisinghow much revenue mobile applications is the last quarter? percentagewise/ . alix: 30%. matt: 40%. 70%. when apple comes out with a new this new feature that allows for blocking of ads is a direct risk to 70% of the revenues on the internet. and these -- matt: let me get this straight because i just downloaded it about an hour ago. different font, by the way. it atght the i was had in blocking capabilities and you are telling me i have to download them at to block ads? we're talking about the operating system or something i can add to the operating system? ad blockingd some capabilities. ads pushed out of the devices, it is those as that apple is allowing other developers to develop a platform against. to the tremendous risk companies that derive revenue. when you're talking about companies like twitter, linkedin, or companies that push out to all of the other applications, these are companies that base their entire business model on how they distribute ads throughout the intern

thank you, cory johnson. bloomberg market day. ♪ it is noon in san francisco, 3:00 in new york, and 3:00 a.m. in hong kong. tt: the bloomberg market day. this is the bloomberg market day. matt: warren buffett has been eating lunch with the winner of his lunch auction. is the dawn of a new day for rolls-royce. the luxury automaker showing off its newest convertible. pimm: good afternoon. i am pimm fox here with matt miller. matt: we are at session highs right now. again of three for 59 points on the dow jones. we have not seen an intraday level like this since thursday. we have not seen a close like this since monday. , if we close back at this level, what we lost last week. gain as500, you see again well. i could go on like this. pimm: the movie in the dow led by general electric, who won approval today of the $17 billion all stem -- alstom purchase. they will have to sell off some of those turbine businesses to an italian competitor. let's look at how u.s. treasuries are faring. a little bit of a cell of goi

cory johnson joins us now with more on the story. is this a hail mary pass?ntil puts its planned for chips many many years in advance. they imagine what it will be an work on the chemistry behind this. it is an enormous advancement. what it will let them do with these new chips is, yes, it will be a little bit faster and your graphics will render more quickly. but when you think of the way people use computers now, intel had to think six or seven or eight years ago that you will be using video and netflix and hulu. they are also in managing -- imagining very thin computers enabled by these new chips to run a lot longer, a lot cooler, so they can be very thin and not run a fan, which is a big user of power, therefore have a much longer battery life. all because this chip is much more efficient. betty: so if it is more efficient and clearly it is going to deliver a lot more, is it going to help power some of thesevices that will use chips in their sales? cory: where you have these , theirmensional laptops hope is that they will drive more demanded to the sector

cory johnson gives us a snapshot of the success. tours the pacific northwest, we will have a live report from seattle with the latest. ♪ alix: breaking news. the ceo of volkswagen is going to resign coming out just now. says he requested the step down and he is stunned that the misconduct happened in volkswagen on such a scale. we continue to get headlines. he is not aware of wrongdoing on his part. the live

for more details, i want to bring in cory johnson. why does google want to get into this business? not been a great business, why do they want to get into it? cory: there is a lot of control over the content that people consume. the set-top boxes themselves are techno -- ari technology that can gather a of data from that. pimm: they currently do get data from certain set-top boxes? cory: a lot of the data they get -- it was one of the things that was attracted to them. in an era, if you think back to the days of at&t, where you printed the phone from at&t, and you had the dial phone that was charged extra when they introduced the pushbuttons, because it was an innovation for them. this is innovation in this area, usinge 99% of people are things provided to them by the cable company themselves. perhaps this is stymied. pimm: having said that, based on your experience and research of togle and their ability bring a hardware product to the marketplace, can they really do this? apple has apple tv, it functions a little bit like a set-top box. amazon, microsoft, the microsoft xbox has t

deputy mile walsh pulled over cory johnson for running a stop sign and almost hitting his car.nson slammed the officer with his door jumped out of his car and began attacking the officer. so three men all strangers to one another saw what was going down. stepped in to help. >> i wouldn't go, let him beat that officer because, he's a man just like i many a. he has children, he has a wife. he have a family and i what happened him to be able to go to his family leak i come home to my family. >> the three were able to pull off johnson. he ran off but one of those men caught up to him. cops arrested him. it is the seventh five time he's been in custody. the officer is doing just fine. >>> we're now in the sickth day in the search for a missing king cobra in florida and wildlife officials are cutting the numbers of officers involve in the search. here's part of the their plan. setting traps with dead snakes as bait to lure the cobra. basically that's how it ate in captivity. while live officials say they hope by scaling back the search that the little cobra will feel more comfortable

cory johnson, until other deputies arrived to help.ne of those brave citizens, george cooper joins me. george, nice to see you. what did do. >> i'm fine. >> why did you help out? >> why did you help out? >> yeah. >> as an american citizen, everybody should help out. it don't matter what color you are, how are. an officer is an officer. a civil servant of our state and our county. and if you see something happening, i feel it's my obligation and i seen him getting beat up. it's my obligation to stop anyone from doing it. >> were you you afraid or did you have any sort of thought that maybe he was armed, the person was beating the cop? >> well, from what i can see officer pulled him over and as soon as the officer walked up to the car, he just stopped beating the officer. the officer didn't have a chance i just took a chance to help him. hey, i wasn't going to let the man kill him. i would rather take a chance and chase him or whatever instead of let him beat the officer up. >> what did the officer say to you afterwards. >> he said thank

we meet cory johnson from san francisco. what exactly is the basis for this complaint, corey?ey: it's the underlying story here. android is a great risk to the way this company does business. they are looking into an approval of applications and the way they work on the android operating system. half the phones in the united states are run on this android system. the notion that google is picking winners and losers and favoring their own services beyond the search and operating system could be a big problem for google. it is exactly what a number of technology companies are alleging, and the fcc is digging into that. this is just two years after the last antitrust investigation by the ftc. brendan: help describe the difference between the way european authorities look into this and how they look and twit into the u.s. -- in the usa? cory: one of the things that we learned during the last investigation is that the staff is very vigorous in insisting the charges be brought. a report was accidentally leaked to the wall street journal. sent themt the ftc the full version of the in

cory johnson is there life. what is this? see that again?hat is an amazing thing, that cruise ship. pimm: i just thought you liked alcatraz in the distance. matt: i thought you might be at the bar with a coconut filled with rum. pimm: what is dreamforce and what is going on? cory: what you see is what you get from salesforce -- and enormous spend of money on a conference that has taken over the city of san francisco. they have rented a cruise ship for people to stay at the cruise ship. i can actually see it out the window. they have rented a cruise ship, they are having parties all over san francisco. they have the foo fighters for a charity event. this is important if you want to understand the business model of salesforce and why salesforce is different. and what you get if you buy salesforce stock. salesforce stock has not been as great as it has been in the past. it has been a terrific performer over time, but a big part of that has been the spend in marketing, the spend in things like rock 'n roll band and this massive conference that h

. >> george cooper kept an eye on deputy mile walsh as he pulled over cory johnson.. the he didn't expect what happened next. >> the guy slammed the door on him and jumped out and started hitting him across the head and just beating him. >> two were in the roadway at winter lake road cooper didn't let torn acl stop him from ru running to help. >> i was thinking about my safety. i was thinking about helping h him. because the boy i was on top of him beating him and then he took his radio. >> cooper says johnson continued reach fog the deputy's gun belt eventually got him off the depth pee and johnson ran off. >> i wasn't going to let him beat that officer. he's a man just like i am. he has children he has wife. have a family. hey, i want him to be able to go to his home like i come home to my familiarly. >> cooper wasn't the only one who stopped. >> i just stopped my truck in the middle of the road. >> antonio valez cooper and third good samaritan rushed to stop johnson and help deputy walsh. >> i just know i had to help him because i know he's in trouble already. >>

bloombergs cory johnson joins us now from san francisco. why does this keep happening at hp? about whether that never changes. the clouds at how will out of never seem to end. this is at least the sixth time they have up the number of layoffs and the restructuring just goes on and on and on. these layoffs are very big number, but interesting how they're coming after the split of the company. this came during a financial analyst meeting when they announced that the new companies are going to continue layoffs and continue restructuring. it is not just hp enterprises. that's what got the headline last night with 30,000 jobs as the guidance they gave. they are also going to lay off a few thousand jobs on their hp incorporated business and continue to make restructuring there. the number of layoffs at this company -- this is on top of the 50,000 people to have already laid off over the course of meg whitman's take near there. -- tenure there. we are talking about at least 85,000 people laid off during her time at the company could it comes in drips and droughts. it is a fairly ama

garlic of cory johnson, thank you so much, our editor at large.ng that is still in the early days. orndan: question is whether not the ftc wants to bring charges. ♪ scarlet: welcome back to bloomberg market day. you just saw how u.s. stocks are coming back a little bit. to close as they look the day down unless they make an incredible comeback in the next 30 minutes. now we look at the top headlines this afternoon. selling minority stake in its agriculture business. deal could value glencore and $12 billion. shares of glencore dropped earlier to all-time low. u.s. supermarket chain albertsons plans to raise money and an ipo. moving aheadare after completing a $9 billion acquisition of safeway. albertsons will use proceeds to cut down its debt. and baker's ease water in their homemade treats are in for sticker shock, because prices are up 55% this year. shoppers could end up paying at least two dollars more per pound. the production is shrinking in california, the nation's leading butters wire. is the latest branch of the sharing economy that is lo

cory johnson is in san francisco and when i say constitute a surprise, i mean a meaningful surprise,hing quirky and interesting. y: i think we will be looking for things on the edges, but the bar is so high for apple. the biggest company but market capital in the world and arguably selling the most successful product, the ipo, what we expect is an iphone 6s and an iphone 6 plus s, i don't know. but two new iphones, maybe an new ipad, may be demonstration of a new operating system for the watch and an apple tv upgrade for the first time in three years. you are exactly right. the rumor mill has been fairly accurate the last few years and that is sort of the running that right now. they have really raised the bar. if you look at the growth rate of that iphone year-over-year sales, what you see is that with the release of the product in the market right now, six and the six plus of the iphone, they have seen tremendous growth on a year-over-year basis. the bar is really high when you look at comparisons. if the product to be announced today are on the market by october, the fourth calend

cory johnson out in san francisco.nderestimation of how the .phone will do with apple maybe the iphone will do better than good. we say good morning bloomberg 1200. the patriots take on the steelers tonight. i believe mr. brady will be allowed to play the game and that is exciting. what are you observing this morning? you've got that long dining room table, you spread all your newspapers out, what is the one story you're looking at? brazil. mainly because the s&p downgrade to the country's debt. this is a return to that cycle. we'll be talking about big cycles later on today and the cycle in brazil, everyone thought it was broken and they would become that country of the future. it looks like they will be coming. tom: seven years risk on and now we have seven years with junk status happening overnight. bloomberg surveillance bond by cohen resnick. to seize opportunities in commercial real estate, your business needs guidance from industry-leading experts. find out how at cohen resnick.com. ,richards -- anne richards yo

this will be cory johnson grilling gene munster on the future of the dynamo of the american economy,uters. join us and jim robinson will join us as well. this is the first day of october, 6:00 p.m., bloomberg advantage prime time and this will be at the world headquarters in midtown manhattan. october 1, 6:00 p.m., carol massar and carol johnson. these are extraordinary markets with futures testing. look at the 10 year yield, it is in six risk off basis points. michael: the caterpillar news will not help. there has been a rising pessimism about the markets. says,ter what mickey levy this feeds into it. tom: the euro is advancing. the brazilian real has new weakness. a very weak peso in a very weak real this morning. tom: good morning, everyone, "bloomberg surveillance." market ramifications we see in emerging markets, the new mediocre abroad filtering back to the american economy with a touch of caterpillar, here is vonnie quinn. vonnie: here is julie hyman. we just heard from caterpillar. julie: the stock is trading lower. i want to give the headlines because it's important -- the c