back with me, cory johnson. breakdown amazon earnings for us. ry: we spent 10 minutes talking about how apple is trying to make the iphone x work better and how they are law -- lowering guidance. amazon, whereking the biggest to is what happened with this giant platform and the skills available. we are at this important inflection point where the most -- and mostvise importantly vice in the world, this is the moment. the leader in technology is no longer apple. inflection point is so important because computing is moving to the phone to voice. results of both companies today. the applelike platform was open to multiple developers and hardware developers. amazon alexa is part of that ecosystem. they are already in the place apple wants to be. >> i did have a fairly long conversation with tim cook about the homepod. do you think you missed the category, that you let amazon get away with that? he said i do not think we missed anything. he talked about this idea, a personal assistant is your phone. they have syria. -- conception of home pod music and

cory johnson is back at home base with more. cory: can't wait to see all that.ape, news crossing the $12 billion of sales in the last quarter, sales up for the first time in the last 12 quarters. cisco, disclosing a one-time charge related to the tax overhaul. the company revealing some big plans. it will increase the dividend 14% and it committed to another $25 billion to buy back stock. john butler joins us now. he covers cisco for "bloomberg intelligence." we will pretend to have this conversation for the first time. i really interesting quarter from cisco.what worked ? john: sales up, very good. what was really good at cisco is the core business here really is sales. it is over 20% of revenue. they have a new product that is really starting to work. the trick with cisco, what people are looking for is they want to see that company start to get out of the woods in terms of growing again. i think we are getting there. this is the first quarter that really looked good to me, like they are on a more sustainable growth trajectory. : let's talk about the product s

i am joined by cory johnson. walk us through the day and where it is going. ry: we don't know who the buyers and sellers are. i think we have seen in a bounce off the bye week for a technical basis, whatever that means, but the treating in these things were in a freefall. they were all trading in lockstep with each other despite important differences between the different types of cryptocurrencies. all turning together, all getting a bounce, but we have seen a separation between the different kinds of currencies over the last week. you can see it in the pricing of the different currencies. emily: talk about how the other currencies are tracking relative to bitcoin. cory: they separated little bit. yesterday, you saw a big bounce with one over 20%. bitcoin was up a fraction of that. there is a little bit of a separation showing up. emily: what is driving that? cory: who knows. the notion speculation seems to be the steady stream of companies washing out -- rushing out to create new coins have no rhyme or reason except for the few that did. a recognition of what

emily: that was vivek ranadivÉ with cory johnson in los angeles.g up, five years ago, snapchat walked away from an acquisition offer by facebook. how the company came to a decision to turn down $3 billion. that is next. this is bloomberg. ♪ 2013 onet's go back to facebook once made eight $3 billion offer to buy snapchat. cofounder stunned the industry when they walked away from this potential deal. snapchat went on to be one of silicon valley's hardest hottest startups and popular ipo's. it has had its ups and downs bringing the question of what a smart idea to turn on that offer? billy gallagher joins us along with sarah frier, who covers snapchat for bloomberg. they turned down $3 billion. how did you decide to write this book to years ago? -- two years ago? what do you think the smart move was? writingt and started when i was a sophomore, in my first interview -- and my first interview was about snapchat. lucked out there. emily: very fortuitous. billy: exactly. i was drawn into how much my printer using snapchat and how much of the media did no

emily: that was ted leonsis with cory johnson.marvel's "black panther" is roaring into theaters. this is bloomberg. ♪ emily: apple may have a shiny new spaceship campus but has one major flaw and it hurts, and -- employees keep walking into panes of glass around the headquarters and apparently apple has no one to blame but the top-selling product, the iphone, because employees are distractingly looking at their phones and smack. one solution is to post post it notes, but it still has been taken down because they are on cycling. -- they are unsightly. this weekend, black panthers hits screens across the world, and a movie about the king of a fictional african country is tracking to make nearly 200 million dollars domestically over the holiday weekend, perhaps more importantly, it is the crowning moment for the character that was the first mainstream black superhero in comics. joining me now is bloomberg entertainment reporter. is is a game changer for the industry? anousha: a lot of people are hoping, and if the money follows it is

cory johnson joined us from new york with more. osoft getting a boost from azure, but there is this tax issue. what are your takeaways? cory: a little confusing. i think we will see this with a lot of companies as they figure out what the new taxes mean for them and repatriation issues. which is tricky. the companies that are starting to hide stuff will use non-gap numbers to sweep stuff under the rug. the good companies, including microsoft, they have always been exemplary in the way they report earnings, as far as i can remember, indeed very , conservative over their history. their non-gap numbers are spectacular. and the revenue growth we see from this company, really fantastic. the big takeaway here, to me, is accelerating growth in their cloud business. the cloud business is growing at about 96%, now growing at 97%, 98%. it's going to grow even faster. that's what we saw from the results. satya nadella has done a seemingly impossible job of turning the battleship, changing the culture. and not too long ago, we were talking abou

cory johnson joins us from san francisco. this case has gotten a lot of attention.so important and what are the takeaways now that it has been settled? on inre was a race silicon valley to try to capture cars thatlogy of maybe one day be self driving. talk of lots of companies. non-car companies. the talent pool is very small. -- case was amazing when the the story was incredible, google saw some documents from one of their suppliers and recognize they were meant to be seen to uber by the same stuff they were using, and discovered this had taken place. it looked bad. what did it mean for this company, uber, that was so willing to do what it took to get ahead. vonnie: in the form of equity by worth about $250 million, what are people saying, do they expected to be more, is the equity component surprising? >> the trial did not go the way it expected and that is why they settled. it looked really bad for uber with the testimony of travis kalanick. something in the silicon valley culture is at stake, move fast, bright things, get stuff done -- break things, get stuff do

emily: cory johnson, you are sticking with me.anner day for twitter as they post their first real profit. shares of sword the most since they reported their first revenue growth in four quarters. a turnaround trend for twitter, which recently lost its coo and has been fighting a scorch of the fake news. scourge of fake news. what are the highlights? >> twitter posted solid financial reports but investors might be overreacting to what is mild progress. we did see revenue pickup for the first time in a long time, but it was only 2% growth. we saw a gap, but it is unclear if that is sustainable because that was mostly due to severe cost-cutting over the past few years. most alarming, monthly active viewers failed to grow and declined in the united states. daily active users show double-digit growth. how much more value can you continue to extract from the same active user base? at some point, twitter will hit a ceiling. the long-term sustainability of the company is still up in the air. emily: if more users are not going to come, can

emily: that was crawford del pratt and cory johnson.ng -- elon musk's startup boring company sold a product. it seems like his quirky promotions on social media are paying off. come thursday, he declared he was already sold out of flame floors -- flamethrowers after four days. he district in $10 million. the money will be used to fund his ambitious product to build underground transportation systems. they began digging a tunnel in los angeles a year ago. it will be a sellout crowd when spacex has the launch of its new falcon heavy rocket. his new rocket could be launched as soon as february 6 from cape canaveral. coming up, cryptocurrencies continue to face hurdles in asia, but one country is looking to be the next big hub for the digital asset. we will bring you through taiwan. this is bloomberg. ♪ ♪ emily: japan's claim check says it was hacked after it lost digital tokens last friday. it has prompted calls first or industry oversight. officials said the country will conduct on-site inspections of exchanges and cryptocurrencies will m

cory johnson and crawford on amazon's earnings report.out amazon where the biggest story is what happened with alexa and how it has become this giant platform. jeff bezos said they will double down and that we are at this important inflection point where the most important device in the world -- i just talk to scott gallo a. he said this is the moment, the most important moment in technology today where the leader in technology is no longer apple and now it is the amazon alexa. this inflection point is so important because computer -- computing is moving. you can see it in the results both companies announced today. openpple like platform was to most developers and multiple hardware developers. amazon is reaping the benefits of this. amazon is getting services revenues already. arethirds of households prime members. alexa is part of the ecosystem. a fairly longave conversation with tim cook about the home pod, which is now out to the public in a matter of days. you missed you think the category that you let amazon get away for -- get away

emily: cory johnson tracking he selloff today, thank you so much, cory.or america's one-day the ing event declined for third year in a role. the nfl super bowl showdown eagles the philadelphia and the new england patriots had score of 47.4 according to preliminary data on nbc. that is down 3% from last year. advertisers ot, spent $414 million, the second history.uper bowl among the advertisers was tech iant amazon which said to have spent $50 million on its 90-second spot. up, gearing up for the yet, how cket launch will impact the private space sector next. this is bloomberg. ♪ emily: porsche is planning to electric billion on cars, double the estimate. capable of traveling single 00 miles on a charge is expected to be in 2019. $75,000 for a starting price. elon musk is getting ready to biggest rocket in spacex history. reusable launch vehicle that will have heavier pay loads satellites and national security missions. it could one day send paying flights around the moon. oining us to talk more broadly on the private space sector is chad anderson. pace an

let's bring in bloomberg's editor at large, cory johnson. he is in san francisco. at happened to these products? were investors aware they could happen? cory: this product was fairly obscure. -- when volatility spikes, this is a way for your average investor to say, it is going to be all right. at some point, volatility might come back. curve, you at the are paying for that over a duration. it will likely get back to normal. slipped in a completely unprecedented, black swan kind of way. riseve never seen the vix as much as it did on a percentage basis as it did yesterday. all the way back to the crash of 1980 seven, the only other times you would have seen a move like we saw yesterday. these products got turned inside out in ways that were unpredictable. because it never happened before. shery: look the trade have had -- what in the trade have worked if they remained solvent? cory: i want to take you into my bloomberg. the xiv investors -- the bottom itself, ande xiv you can see the dramatic crash into the last trade yesterday. the green line is the typical spread o

emily: cory johnson. you can find that chart. thank you. , thank you for joining us. stock we are watching -- snpa afterhares soaring reporting its public numbers. it rose to a better than expected 72% and the number of daily active users rose 18%. these results prompted at least five analyst upgrades. coming up, former google vp megan smith joins us to discuss around improving diversity in the workplace. check us out on the radio and listen on the bloomberg radio app. this is bloomberg. ♪ emily: the winkle boss brothers are not giving up on cryptocurrency despite bitcoin plunging below the $6,000 mark to the lowest since mid-november. >> we are long on the space. we don't sit there and watch the price day-to-day. we're in this for the long haul whether it is a decade or many decades. like i said earlier, we remember when big one was a dollars. as far as our concern, it is all gravy. emily: the twins early bitcoin investors and at one point their value was $1 million each last winter. say increasing regulation is good for the cryptocurrency space. over the last few ye

bloomberg editor at large, cory johnson. here are the numbers. he fourth quarter of 2016, 1 $.4 billion is up to 2.2 billion in the fourth quarter of last year. losses significantly narrowing down. cory: looks like the information got a scoop or it what we see here is reduction in expenses. reducing ad spending. a lot of the ad spending was spent within apps. this is a mobile for his company. spending in terms of advertising, service growth, the result is, fundamentally, business is getting closer to profitability. still losing a vast incredible amount of money every quarter and minute. what we know from the past is that uber likes to talk about how successful they are on a city by city basis, or a domestic and u.s. basis. more money from outside investors is that they will go in and have the same kind of success they had in the u.s.. they had great struggles in places like china were they had billions of dollars for states competition unlike what they faced in the u.s.. business has not been as profitable. new leadership of the company changes as

also, cory johnson. us through the moves of the last weekend put into context for the selloff that has been happening over the last month. cory: it has enormous volatility in the history of cryptocurrency tradings. i think we have also seen the currency is being tied together as if it is all the same. those that are merely a stored value. the store was open and there was not much value for a good part of the day. a dramatic selloff in the last couple of days. it bounce off the bottom. if you bought the syrian this if you bought the syrian this morning in new york and closed at the position of the end of the day, you are up by 30%. fantastic moves today. bounce back. when i look at the function, you can see some of the biggest currencies for the day, bitcoin down 5%, ripple up 0.5% for the day. ethereum down. tremendous volatility around the trading of these things, i think it will start to be interesting when they start trading in different directions because of the different cryptocurrencies have differ

. ♪ >> i am cory johnson in for emily chang and this is "bloomberg technology." closearkets come to finally and thank god u.s. stocks gaining on the day. the big tech names were the leaders on the downside and on the upside. we will take a look. libor scandal's. a look at -- bloomberg settles. the high-stakes lawsuit against waymo. with amazon. the giant stepping up plans to create its own delivery business, leaving ups and fedex behind. what a day on wall street. stocks finishing higher ultimately. down in the last hour. more than 1% across the board. tech companies leading some of the gains. anyone's guests for what can happen. friday with so much volatility, it is turning out more than 1000 points today. amazing to watch. a massive decline earlier this week. this is the biggest weekly losses of the year and going back quite a ways.was go to abigail doolittle with a look at it. radio, we were all watching the crazy swing in the last error when the market went down to way up. abigail: unbelievable. the entire week is unbelievable. today mimicking tuesday. monday

for more, i want to bring in our editor at large, cory johnson.from the wall street perspective, it's how they did the earnings. earnings were up. sales were up. they grew at about a 23rd through -- 23% year over year basis. years back, it was growing at about 35% a year, so one would have thought that when the stock -- whenlowed down, that sales slowed down, the stock would have bowed down, but that is about the case. even with sales growth at 23% year on year basis, that is enough apparently to keep this thing going. announced aalso partnership with google cloud last year. how is that going? not get specific numbers on that partnership, but we see that different aspects of their partnership of performing at different paces, but generally, growing pretty well. again, i'm calling 23% pretty well. the estimate conservative, then be the estimate. if you look at stock after hours, it is interesting. you can go to our bloomberg terminal through the magic of bloomberg television. isn't that cool? emily: so cool. cory: you can see the stock trading afte

cory johnson is there standing by from the event with an exclusive interview. cory: thanks.moment ever bloomberg tv was last year sitting with mark cuban at the all-star game. here we are at another all-star game. the tradition. i have seen you many all-star game's before. last year, we talked about the press conference from president trump that was making headlines. here we are one year later with this amazing indictment of robert mueller. want to get your reaction not just because it yourself as a citizen but as a technology leader. you see the use of technology by russia outlined in this indictment to change the course of history. mark: right. my first reaction is, why weren't they? of course they are going to use technology. we market products and there is global efforts to push and influence u.s. citizens, so why would they not try it? as if is, whereas facebook, twitter, google in trying to recognize what is very extreme? it should not have to go to the justice department. where is the ftc? when you do a politically driven ad or any type of a political ad, you have to

emily: the managing director and our bloomberg editor at large cory johnson there. world's most powerful rocket, is lifted off from florida after tuesday to embark on his first test flight. it was carrying a red tesla roadster on an endless road trip past mars. following the launch, spacex did something never before seen in space history, it related to the rocket boosters back on earth. the boosters landed at the same time and side-by-side, this is a major milestone in the company's quest to grow its customers base and fund its life and making it multi-planetary. coming up, after facing threats and harassment online, rihanna decided to take what she knows about the tech industry and run for congress. to fight for the rights of online users in washington, will speak with her next. plus megan smith joins us to talk about the challenges surrounding diversity in the workplace and building a more inclusive culture, this is bloomberg. ♪ ♪ emily: over the years, not doing enough to fight harassment to buy threads on their own platforms. this is a massachusetts and new jers

managing director and senior analyst, who currently has a buy rating, as well as our editor-at-large, cory johnsonany that has been borrowing a lot of money, taking a lot of customer deposits for cars that they can't build. we knew what the numbers were, but it is striking that a company that was once growing, cars produced at that 60% to 70% year-over-year clip is now less than 1% growth in terms of the number of cars it can build. what we are hearing about the first model 3, i posted one on my twitter page that shows the real car guys looking at the car and the engineering and finding real issues. where they can put their thumb right through the side on the trunk. on one side, they can barely see through the other side, and it looks really uneven. there were pieces of felt and things on the doors, it doesn't close quite right. glued onto the door covering. so they are clearly struggling with the production of this model 3. it is more than they can handle right now. what we see in the earnings release is a lot more promises about production, as we always see from tesla, and a lot more borrowing a

cory johnson. corey, break it all down. what do you see? y: i see a company that has been taking a lot of customer deposits for cars they cannot build. we knew was the numbers were, but it is striking that accompanied that was once a 70%g and had year-over-year clip is less than 1% growth in terms of the number of cars it can build. what we are hearing from the model three -- i posted this on my a twitter page. real car guys are looking over the car, the engineering of the model three, and finding real issues. they could put their thumb right through on one side and could barely see through the other side. it just looks really uneven. there are attachments of pieces of felt and things. the door does not close quite right. legally, they are struggling with the production of this model three. it is more than they can handle right now. we see in the earnings release is much more promises about production, as we always see from tesla, and lots more borrowing and poor free cash flow numbers, which is what we always see from tesla. emily: shares

cory johnson, our bloomberg editor at large.oming up, the roller coaster ride for markets and why investors are looking to tomorrow's cpi numbers to explain the recent jitters. this is bloomberg. ♪ vonnie: this is bloomberg markets. shery: investors are bracing for one of the most closely watched inflation reports. mars index numbers are taking on more importance after last week's while swings. compared with 1.8% in december -- joining us with more is barclays head of global inflation market strategy, michael, great happy with us. tomorrow's underlying cpi component, are you excited with the headline numbers? >> we think it will be a little bit of a disappointment, and we think that is where the risks are in the market. the markets are focused on macro numbers that can drive inflation pressures, things like that pickup in growth around the globe, not just in the u.s. but in china and europe. around the globe, synchronized growth has picked up, the dollar has been falling and that could put upward pressure on imported prices, and

ery: do you read to bloombergs cory johnson, thank you for joining us. still ahead, the u.s.nomy is reportd -- the jobs would be a contract to raise funds next month? this is bloomberg. vonnie: this is bloomberg markets. shery: tomorrow will get the january u.s. jobs report and estimates compiled by bloomberg forecast a hundred 80,000 payrolls being added, and the unemployment rate holding steady at 4.1%. this supports at a time where the 10 year yield is at 2.75, the potential to the point in the fixed income market. joining us is chief economist at charles schwab. it's a get jobs tomorrow because we had a tepid december and solid november, and where moving sideways right now. >> you can't expect the growth rate of jobs to come up at this level unless we have a lot of new people coming to the job market, which might get a few more, but we are not going to see a huge jump. is a lot to or so fuel a tighter job market and more wage gains, we are hoping. vonnie: what type of wage gains are we going to see? is it going to be incremental? it to bect incremental, i don't think ther

emily: number incident managing director romit shaha a and cory johnson.ook has officially launched the world's most powerful locket. the falcon heavy lifted off from the space under tuesday to embark on its first test flight. it was carrying a red tesla roadster, on an endless road trip past mars. following the launch, spacex did something never before seen in space history -- it really landed multiple rockets back on earth. boosterse 315 story came back and landed upright at cape canaveral. they landed at the same time, side-by-side. this is a major milestone the company's quest to grow its customer base and fund its vision of making life multi-planetary. coming up, after facing threats and harassment online, breanna wu decided to take which he knows about the tech industry and run for congress, to fight for the rights of online users in washington. we will speak with her next. plus, megan smith joins us to talk about the challenges surrounding diversity in the workplace and building a more inclusive center. this is bloomberg. ♪ emily: over the last year

for more analysis that -- let's bring in cory johnson in new york.was a really interesting quarter for apple. at what point can i steal someone's idea and pretend it was mine? after i say it a few times? an insight i will now claim as mine, someone said, i said thomas sorry, this is -- i said, sorry, this is the moment where there is a passing of the baton from the passing of leadership from one of the most important devices in technology to the alexa. the iphone losing importance and leadership to the success of the alexa and sales of the amazon and go. -- amazon echo. computing has gone from what you are doing on your phone to voice. apple should have owned it and does not with amazon way out ahead. tremendous success in alexa and you saw the results from amazon yesterday. really? i do not having -- like having to talk to my device. >> some people who do not anchor really? show who do not talk all day. this is a fantastic success and driving the sales throughout the amazon platform. apple wants to get into services and not just cell phones. a big g

cory johnson spoke exclusively with l.a.r steve balmer. >> i love the energy of the games. i want the place pulsing. i wanted to be a place that is a little fearsome for an opponent to come play. i wanted to be a place where our players and fans can get enthused and excited, and where we can make a lot of money. it will not look like cameron arena, for example, but if you think of some of the great places -- i was at the old mac court of the university of oregon. i love that. cory: but you are tied up there. what do you think? >> up and tied, utah is good, memphis is good. i have not is it in every arena, but there are great arenas that i would love, because they are good for a little bit more leisurely casual -- leisurely, casual fans. i would like to privatize -- cory: the more energetic fans. is so the 49ers, there much looks really going on it is almost terrible. the fans up in the game, it is a huge experience in sports. >> i think centurylink is the kind of experience we love to have. centurylink -- if you go to you st

let's get to cory johnson, who is standing by in new york. cory: yes im. thank you very much. a great quarter, at least according to wall street with stocks selling off today. james park, the ceo joins us quite a bit, and you care about the stock more than i do, but in terms of the size of the company and with the opportunity is, if you asked one of this to you still if the fourth quarter sales would be below $700 million, hard to imagine it would fall after $571 million. what is going on with the demand for fitbit products? james: 2017 was evidently a challenging year and played out a lot differently than expected. for us, the shift from basic activity trackers to more fully featured smart watches is happening even faster than we anticipated. we did launch our first smart watch into the category in q4, and it did outsell our prior highest product search, but it was not the mass appeal shipment unit driver that we anticipated, and that was reflected in our financials, and that is what investors are reacting to. cory: strikes me as a really interesting problem. when i looked at

he spoke to koren -- he spoke to cory johnson. >> blockchain is a given.daytrading of cryptocurrencies, a lot more people are interested. there is nothing dramatically different about what is going on with blockchain three years ago versus now. it will continue to be a component in software development. there's a lot of improvement but need to be made to bit going to improve transaction. bitcoin transactions are taking 20 minutes to two days. >> they've sped up. there are things that are being tested that could speed up transactions. i don't see that as being a long-term problem. to wherees down will the adoption be and whether future octane utilization will use the public blockchain or develop their own. >> i want to get your take on that as well. some of them are patently ridiculous. i wonder what you think about these single use case as opposed to using the currencies. >> the first ico was for football and basketball. he bought a license which give you the right to do something else. effectively that is what i feel is. you buy the ico and is your right

. -- let's check in with bloomberg's cory johnson. how much money is at play in xiv?ave been conflicting reports. there was an upward spike in vix yesterday. how much money are we talking? last weekas trading at 141. there were billions of dollars lost in this trade yesterday. we don't know how much of it was hedged. this is a consumer facing product. saw this legitimately as the chillax trade. when volatility surged, i am calm and collected. and i will take the money. line, you the orange would see. further out, a little higher. it was lower in the more recent term on the left. yesterday, we saw the white line, a huge surge in volatility. and the month after. with volatility so high, that triggered something within xiv that allowed a credit suisse to pull the plug. julia: i was looking down the list. horizons.l sorts of redemptions. there were a host of products out there. they found themselves in a difficult position. cory: the position of losing 95% of your money overnight was the special clause. wouldn't ticker at the opposite.' th -- there wasn't this clause to m

julia: cory johnson from san francisco.e for the bloomberg business flash, a look at some of the biggest business stories in the news right now. still a sign that credit suisse is under pressure to cut costs. the bank has told some teams in switzerland that now is the ideal time to consider a lead or sabbatical -- leave or sabbatical. the head of the universal swiss bank unit wants to cut 600 jobs -- 1600 jobs by the end of the year. the diamond industry has lost some of its sparkle. spending has plateaued since 2014, $80 billion a year. this as jewelers scale back over higher overhead costs, spending more on other luxury items like electronics. unlessline will continue more advertising is launched. millennials are the most frugal generation since the great depression. fearanalysts say anger and are suppressing millennial spending. diamonds, a electronics, diamonds. [laughter] coming up, goldman sachs is doubling down on its bullish stance on commodities. the head economist at goldman sachs discusses why his outlook is not

from currencies to cryptocurrencies, mark cuban spoke exclusively to cory johnson at the nba all-starn. given and hasis a been for a long time. in the day trading of cryptocurrency, a lot people -- a lot of people are interested here and nothing is dramatically different with what is going on with blockchain three years ago versus now. it will be a component in software development. a lot of improvements need to be made to bitcoin to improve transactions. .> they are taking 20 minutes >> they sped up considerably. they have got their own solution as well. things are being tested that could speed up that. it really comes down to where will the adoption be and whether the blockchain utilization will utilize the blockchain with smart contracts or develop their own. >> all of these are patently ridiculous. some are interesting. what you think about single use cases as opposed to using these. >> the first was licenses for football and basketball. give you the right to do something else and effectively, that is what it is. you buy it because you are using the token. if you are buying it jus