it was over fifteen years ago that mumbai residents michaud chola and hemant babu moved to donahoe since then they've worked closely with the local community in building the school. determined not to turn this into a charitable institute the school charges the parents fees ensuring that they also stay invested in a very it's easier for a. first generation learners of the parents of the students really they just have faith they just have trust that ok what do with these guys are doing they must be doing it right because they didn't have an idea. having said that i must say that there are a lot of other parents who have been exposed to let's say the conventional view of let's say computing. ngor technology they are exposed to that and they do schools that what happens to my child when he grows up learning opensource and when the he or she will go out in the world. how will she be able to cope and we reassure them that look. it's not a big deal you know ultimately the rules are the ones what we are is the concept. while there have been plenty of challenges along the way the tamarind tree jo

let's check in on the bloomberg first word news with arnie donahoe. reporter: ubs will have to pay $5.1 billion after being found guilty any money-laundering case. french courts ruled the swiss bank helped french clients stash funds in undeclared accounts. they have been dealing with the investigation for eight years. president trump appears to be responding to a "new york times" report that he has carried out an assault on the investigations surrounding him. he tweeted that the report is false and that the paper is "a true enemy of the people." meanwhile, president trump reportedly will visit japan in may to see the new emperor. that comes from the japanese tv network nhk. the current emperor will abdicate april 30 and be replaced by his son, the crown prince. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. guy: thank you very much. up next, we will talk about what is happening in the mining sector. another miner having

service down, john donahoe, information technology management and oh, try designing a truly interav ecommerce without adobe. it's very hard to do and we're going to speak to twil twilio put it together, it's clear we're pay together much for the consumer products stocks if they've truly become economically sensitive if their backup forces play a role in coca-cola, you may have to avoid the vast majority of these, which haven't really kept up with the times. companies with complex hardware and software solutions, maybe we need to pay a premium for their stocks maybe cisco will be rewrited they're scarce they're vital. look, there will always be outliers i think clorox and procter & gamble, they had terrific numbers. they've been able to put through price increases without much resistance inside pepsico tomorrow morning will show less pricing sensitivity. but that's not because of drinks it's because of snacks oh, boy. bottom line, the message of today is simple. old-time safety can be illusory. they're a lot more sensitive than these technology oriented plays. that's the new normal. get -- no,

died along the journey or so soon after arriving at the camp from exhaustion or malnutrition paul donahoe is senior media officer for the middle east at the international rescue committee committee he says it's a race against time to prevent any more people from dying. this state of their after they've arrived was quite shocking they've arrived exhausted hungry dehydrated i haven't had medical care for many weeks and months and because of that we've seen unfortunately many young children dying even on either on the journey to the camp will soon after arriving and the number now is at sixty two deaths and two thirds of them are very young children under the age of one we've seen both in iraq and syria what happens is as the front line finally starts to regain territory isis controlled areas that's when people decide to make a run for an answer very dangerous moments they have to try and avoid the fighting and what we're also seeing of the people who are arriving. is that many of them unfortunately have. traumatic injuries. and tassel rescue committee health team had to deal with one ten ye

and children under the age of five hundred forty two thousand people now live in the camp or poor donahoe is senior media officer for middle east for the middle east at the international rescue committee joins us via skype now from beirut thanks very much for being with us so talk to us about the conditions in the can in this camp right now and whether it is properly equipped to deal with the with the influx of extra people which is that in the past few weeks we've had thirty thousand or so that's a huge number and we find that out for thousands of them are sleeping in collective shelters they have been given their own family tents is yes but to say both of their master level arrived it was quite shocking. exhausted hungry to hydrate it they have had medical care for many weeks some months and because of that we've seen unfortunately many young children dying from either on their journey to the camp will soon after arriving on the number now is at sixty two. and two thirds of them are a very young children under the age of one. and just explain to us a little bit more about why why so man

better off private than not 5100 or so employees 5600 customers >> when you take a service now, john donahoethey -- >> is workday a competitorof theirs >> i believe so. >> not a name that -- >> no one wants to say anybody beats with anybody but the one thing i want to point out is i see something like an ultimate software and say to myself, how many others are there, just kind of out there, give an example, ca, ca, no one thought that would be bought that was a -- not a high multiple software company. >> came along, said i'll take it, thank you. >> what does this mean for the companies that have been kind of, you know, i'm not saying they have done nothing obviously benioff has created amazing amount of sales force. but this one took my breath away $11 billion deal, for a company that was already considered to be overvalued by a lot of analysts, rather amazing >> significant premium and, again, as a large amount of equity being part of the overall, you don't typically see it approaching, what, 60%, 70% of the overall purchase price. the reason it may be trading above the bid price is i have

i had john donahoe on the other day, from service now, one of the best performers out there, when younstall service now, you do two things. allow your employees to have more time with the customers, but also lay off people. workday is about laying off people corporate software marc benioff talks about the fourth industrial revolution, what do we do with all of the people that we're going to lay off because of the phone, because of -- >> because of. ai. >> there is a lot of shoddy research and discussion about amazon this morning. i know we'll get to it amazon, people say what a mistake, whole foods whole foods was up 6%. they moved the good part to online they kept the bad part okay on the brick and mortar. whole foods was a -- they're doing great there. what i'm saying is we better be careful that we have to keep creating these jobs because we're about to have a wave of unemployment from technology that i think is going to make us realize, wow, i wish we created those jobs >> what is mckenzie's numbers, 40% in service, something like that. >> you look at ge. >> shocking numbers. we s

lawson on, he said we didn't miss the quarter, went up 15 straight points >> it does raise -- >> john donahoe, i stole him for my show. >> we fell 21% from october to december then we -- we rose 21% so are you feeling better than you did on october 3rd or not >> remember it goes down, we're not there. i do feel that i see many signs, many more positive signs than negative signs you do not get a deal like ge, both stocks go up. if you do not feel better. watch caterpillar rally off this buy and sell ubs it is the evidence lab it is cis, my friends. ncis. >> danaher, to your point earlier about home depot gets the benefit of the doubt when they do deals. typically the history is having done very strong deals this was the largest deal danaher has ever done, doing a small equity raise too but they did both go up. >> they did. >> i don't know if you can say that's a sign of confidence on the market. >> do you think kraft is one off? >> yes in some ways. >> really? you sure >> i don't know. >> did you read the affidavit? it is all right. i meant kraft heinz. >> i blame our executive producer for th