now, you moved from ebay to service now, you moved from ebay to service now, is that right? yes. bid you take overfrom meg global chief executive, bid you take over from meg witman. global chief executive, bid you take overfrom meg witman. ebay global chief executive, bid you take over from meg witman. ebay is a company we have heard of. service now not. why would you move from ebay to service now? what's your thinking? i had a wonderful decade at ebay. i took a year off and surveyed the industry, technology landscape and i said where is the action going to be in the next five to ten years. in the next five to ten years, it is applying technology to our lives at work as we've been talking about. service now is positioned to lead that transformation, to lead that revolution. how do you feel about starting something brand—new in silicon valley, having had a long career and a very, you know, well established career, there is so many new companies coming up in silicon valley run by guys in their 20s and 30s and women in their 3020s and 30s, do you everfeel, you know, i'm trying to th

amazon, ebay, so many nice interesting companies all over the u.s..tephen: you don't want to take on amazon, doing what they are doing? jack: no. what about -- stephen: what about entertainment in hollywood? i know you had a partnership with amblin and steven spielberg. what is your strategy with throughhip in hollywood the best name in hollywood? jack: yeah, first important is partour entertainment is of our strategy. we asked ourselves in the next 10 years, we know we will be very profitable come a very good doing e-commerce and logistic, financing and data. but 10 years later, what is the new business alibaba should be focused in? happy and healthy, double h is our direction. the matter how rich, you want to be healthier, you want to be happier. entertainment should be part of the business. we don't view digital entertainment as a separate business. review it as an investment to acquire and retain customers on our system. it is ok to incur long as it builds the customer base and the ecosystem? jack: yes. there is a lot china can learn from the holl

what i suggest is that you put these on ebay.able, and they could all do well. >> john takes the sober appraisal of $10k like a man. what do you think mother would say? >> well, she'd say, "we got to do what we got to, baby." >> [ laughs ] >> you know, "let's move with it." >> i'm here. i got my checkbook. i would like to take the last of that series, the sagittarius. i'm thinking i'm going to offer $100. >> i think that's very fair. but if you wanted to step up and offer him $200... >> hell no! i'm not overpaying. [ laughter ] >> hey, we'll have an auction. wait a minute. we'll do an auction. i know. i'm looking out for my client here. >> oh! before i go, i get my barbie sagittarius, and i ask john if he plans to save any of his mother's other dolls. he says just a few, in particular those fragile japanese dolls from world war ii, a reminder of how his mother started collecting them in the first place. >> i kept going back to what my mom told about them, to please respect it as an inheritance. i've did everything i can to do it

amazon, ebay, so many nice , interesting e-commerce companies all over the u.s.: you don't want to take on amazon, doing what they are doing? jack: no. stephen: how about in entertainment, in hollywood? i know you had a partnership with amblin and steven spielberg. you have been the tortoise, not the hare. what is your strategy with partnership in hollywood through probably the best name in hollywood? jack: yeah. i think we -- first important is that our entertainment is part of our strategy. we ask ourselves, in the next 10 years, we know we will be very profitable, very good doing e-commerce and logistic, financing and data. but 10 years later, what is the new business alibaba should be focused on? happy and healthy, double h is our direction. no matter how rich, you want to be healthier, you want to be happier. and entertainment should be part of the business. we don't view digital entertainment as a separate business. we view acquisition costs as an investment to acquire and retain eco-system. our stephen: so, it is ok to continue to incur losses as long as i

>> problems like that are really very, very rare on ebay.ered is this idea that we rate each other so that future transaction participants can see whether you're a good person to deal with or not. it's in your financial interests to be looked up to and respected as a trustworthy transactional partner. >> on nbc news in-depth tonight, we're going to talk about the superstars of the stock market, those red-hot internet stocks. companies that in some cases didn't even exist a few years ago are now trading in the stratosphere. >> the whole dotcom bubble of the late '90s was based on this idea that what counted was not profit. what counted was eyeballs. if you could get enough people using your stuff, you would figure out a way organically from that to make a profit. >> the daily volume, 3.7 million shares. we are almost a $2 billion company. >> people love these stocks. anything that has dotcom or net in its name, it goes like hot cakes. >> it's billed as the earth's biggest bookstore. not just the country's but the earth's. but you can't shop t

the early days to me were like [indiscernible] we competed with ebay. we saw sars. a lot of things we can learn from other companies. today, the things we are doing, there is nothing to learn from. everything, we are the pioneer, we are the leader of this industry. the thing that drives you is the mission. there is not a textbook you can read. i don't think anybody could have imagined the kind of scale we have reached today. i think we are very lucky to have participated in the confluence of china's economic growth and also the rise of technology. >> this is the best reflection of the landscape change, even the landscape change in china and the consumer lifestyle change in china. 500 million customers in china. today, even more. more and more overseas customers joining the event. >> when i started with alibaba, the gdp per capita of china was $870. today, it is over $8,000. it is a 10x increase. we have been very fortunate to be in this environment and road that wave. >> we want to enable your small business, young people, and enable globalization. that is our direc

dimos un telÉfono para que pueda llamar, le dimos una pÁgina de internet y ahora le damos la pÁgina de ebay hacerlo desde un estado afectado mortalmente tras el paso, hace casi 30 dÍas, del huracÁn harvey. en este caso texas dice unido por los nuestros, por nuestros hermanos de la repÚblica mexicana afectados por los terremotos, tambiÉn por puerto rico tras el paso de marÍa, en florida tras el paso de irma y con los nuestros, mÁs de tres cintas de familias que resultaron afectadas tras el paso del huracÁn harvey. en este momento estamos en una iglesia de la ciudad de houston, una de las zonas mÁs afectadas tras el paso de harvey, que dejo mucha agua, fuertes vientos y como vemos en estas imÁgenes, se ha convertido en un importante centro de acopio y de distribuciÓn de bienes, de vÍveres y personas que siguen viniendo a ayudar a los suyos. estÁ con nosotros carlos pavÓn. carlos: muchas gracias, unas palabras de la madre teresa de calcuta, " hay que amar hasta que duela y si duele, es una buena seÑal". raÚl: mÁs de 3000 muertos, vamos a hacer una cronologÍa tras el paso del huracÁn harvey en

and free speech online and allows the startup to get out to become the next youtube and google and ebay and i want to emphasize that point,o mr. president. people talk a lot about the policy and some of those early walls that we wrote for di bipartisan and i discussed here again this morning. we're ha between google and oracle and we are having the discussion right now on the key foundationalnt principles of the internet. this policy debate is not about google versus oracle where they are competing with each other. iit's about the little guy thato wants to be able to get their business out of the garage so they can become the next big guy and net neutrality gives the opportunity for that person who is a small entrepreneur with big dreams. it prevents internet service provider from favoring one type of content over another. for an example the internet financial provider has a content site they could ensure they come to the home faster and cleareret than the competitors if you didn't have real net neutrality, enforceable real net neutrality, not something like he wants, which is evil kind

the former pro selling his wu-tang clan album on ebay.py of the cd on ebay last night world a starting price of 1 dollar. if it takes you 5000 and it has 100,000 offers now. cheryl: he's got a few legal bills to pay. he could use the mini. we continue to follow tensions on the korean peninsula. concerns about hurricane irma yesterday following more than 1%. managing director and chief investment strategist at raymond james. let's start with north korea. you have the north korean ambassador to the united nations said in geneva that the u.s. is going to get another package. the speculation they will launch another missile in the coming days. how do they react to another missile? this doesn't deter the fact we're in a market for loss 14 plus years. while we get another pullback here, still fire the dips. cheryl: you are comfortable with the fact you on this right now but you are long-term, confident that markets can recover. what is in your opinion? >> as i said, secular markets tend to last 14 plus years. 1982-2000. 1949-1956 or secular bul

online, and allows the start of to get out of the garage to become the next youtube and google and ebay. and want to emphasize that prese point, mr. president. people talk a lot about technology policy. and some of those early laws that we wrote that were bipartisan that i have discussey here again this morning, then they say well, we will have a battle between google and oracle. now, .. another one of the key foundational principles of the internet. colleagues, this tech policy debate is not about google versus oracle or big guys competing with each other. they got lawyers and lobbyists and the like. this is about the little guy. this is about the little guy who wants to be able to get their business out of the garage so that they could become the next big guy. and net neutrality >> the net neutrality gives us the opportunity to create opportunities for that small entrepreneur, the person who is a small entrepreneur with big dreams. net neutrality prevents favor of one internet provider other another. and the net provider has a stake in the third party content site to make sure it come

pablo: entre las empresas firmantes estÁ amazon, general motos, netflix, univisiÓn, ebay. >> el apoyoan, no se mordiÓ la lengua. de hecho, no pienso que deba hacer eso, afirmÓ. creo que es algo que el congreso debe arreglar. para que proteja los jÓvenes soÑadores. >> ahora estÁn con la incertidumbre de quÉ va a pasar. pablo: Ésa incertidumbre tambiÉn la sufren las grandes empresas de este paÍs, muchos esperan que el efecto econÓmico puede influir en la decisiÓn final de trump. fÉlix: mientras "harvey" dejaba su huella en teja la tormenta tropical lidia, provocaba la muerte de cuatro personas, a su paso por las costas del pacÍfico mexicano. se espera que el fenÓmeno atmosfÉrico deje a su paso 6 y 12 pulgadas de acumulaciÓn de agua. >> el paso de lidia, por la penÍnsula de baja california sur dejÓ cuatro personas muertas entre ellas, una bebÉ. arrastrada por el agua cuando sumamente cruzar por una zona de riesgo. >> la confirmaciÓn de cuatro decesos hasta el dÍa de hoy, de tres desaparecidos que estamos ahora confirmando. >> dos personas mÁs murieron electrocutada si otra mujer falleciÓ

a quick way to find out what an assignment worth is to go to ebay.e sale to garage sale. they're picking up an item for a quarter, 50 cents. then selling they will online for a quarter or more. old is good. i talked to a reporter for the "washington post" that said ebay will prove we can all own the same soup tureen for 15 >> one of the most important questions being asked right now. i grew up in the bay area, prices have always been bad and everyone said the prices can't possibly go any higher. and they do. get in on the ride as soon as you can. that means getting the cheapest rent possible. saving all the money you can. don't go on vacation. this is a drag. it's what you've got to do. then you get together a down payment. buy a house and in two years you're the jean just because your louse is worth a tunnel more than when you bought it. >> grayson asked, where's the best place to buy a ps 4? >> you can find playstation 4s all over the place. most major retailers. everywher. >> what probably matters most is when you buy. the best sales are on black

. >> but he put it only ebay. >> yes. >> and unalbum. >> one copy. >> former president of mexico foxnot a big fan of president trump or planned border wall. in new video fox announces faux presidential cam pain against president trump. >> every time i make fun of you which i do a lot be president. america i feel your pain ab we all do. today i'm proud to announce a candidacy for president of the united states. all i'm saying you have the bleep button i was cranething because i wanted to make sure we aired it it was a sensored version. >> we didn't get that far. >> did you see what he had on the desk. >> label p tape. >> there was a faux magazine saying fox throws baseball over the moon. >> this is a guy once president -- legitimate world leader. we're not talking about crazy ones. we're not talking about kim jong-un. he's taking celebrity to a different imdeposition. >> well consider president is talking mr. celebrity to new dprex -- >> that's excellent point. >> on the subject of people who cannot run in 2020 former president obama surprised students at mckinnley tech high in d.c. a

bro titled once upon a time in sholein and he's never let anyone hear et so he's listed the album on ebay. he earned widespread criticism in 2015 when he raised the drug of the drug daraprin to more than $750 a bill. >>> a new jersey shore town is banning big tents and canopies from the beach. town leaders see it as a way to help alleviate the crowding there. that means large tents and canopies will be banned from memorial day million labor day. the law does not affect tents for small children and beach umbrellas. belmar's mayor says he's not a fan of having to regulate this situation, but he says visitors weren't using common sense. >>> and it's about 5:50 on your thursday. >> we're tracking rain or area krys the tal is tracking rain for us. what are you seeing? >> you sill still rain off the shore line. but many of us are now in the process of drying out. so we still have clouds overhead across our region. mostly to our west, just some high clouds which means that that is what we'll be getting as we go through the day. as this continues to shift from west to east. so a good sign there.

there are a lot of attractive properties to it >> ebay ceo tweeting just about an hour ago over the nextwill be clear that augmented reality, virtual reality, mixed reality goes from an overhyped feature to a major computing platform ecosystem you have any thoughts on how we buy every day stuff from ebay from amazon might shift as a result of this new augmented mixed reality? >> well, again, you'll be able to see what it looks like in your own home. but beyond just what is online -- >> the toilet paper i don't need to see in my own home. i know what that looks like. >> true. >> what are we talking about >> it's not going to change everything in the entire universe but it also isn't just for buying in your home. for example, you walk into a shopping center and you say, siri, where is bed bath and beyond and there it is glowing in the distance. and you walk towards it. or you see a red stripe on the floor that can you follow around corners and so forth when you buy something, let's say you buy an ikea desk with all four 4 00 parts and you bring it home, when it gets to the point where you

>>> the jimmy kimmel idea of the day is this seat belt alarm stopper, available on ebay for thes. if you want to drink and drive and not hear the alarm to buckle your seat belt, pick up the bottle opener seat belt locker. you'll be glad you did. >> dicky: from hollywood it's "jimmy kimmel live"! tonight, salma hayek pinault, from "insecure", jay ellis, this week in unnecessary censorship, and music from bearstronaut. and now, make yourself

anywhere on ebay, he will not make as much money on it. >> let's talk about apple watch or apple tv.t a lot of hardware rather than talking about the software. >> which is what they are counting on. >> services very interesting. last year, a $25 billion business here at apple says within three years, they will double the size of the business. a lot of analysts are saying that it will take four years. if apple says it will double in three years, it will double in three years. at the same time, they launched a new apple tv, a new 4k, and any announcing it sort of suggested there will also be sports on it without any real clarity. we should also look in terms of service revenue for apple to try and create its own program service. >> that is only as good as what deals-- whatever content they negotiate. >> a little more information on pricing. the two at 56 give a but -- gigabyte iphone can price $1149. aroundath, i make that $35 pickup in terms of cost for the iphone 8 on monthly basis? proximally? >> plus, you need headphones. and the wireless charger. this wer piece of should look at i

it's disruptive and it has the characteristics of ebay in it's early days so i sat down and said here'shat it's going to take for any ceo to be successful we have to settle the laws between various factions on the board. things have to take place in the board meetingand certain governance in place and they were interested in that but it wasn't the right thing. >> if they had been would you have taken the job >> i don't know. i didn't get to that point i was interested. >> what changed? july 27th you put out a series of tweets basically saying normally i don't comment on rumors but i'll fully committed to hpe and continue to be the ceo. >> this was a very leaky board and i was discomforted by that at that time which is why i was not a candidate and i had a set of issues that i thought needed to be addressed if it was going to be possible but it has nothing to do with hpe this company is a unique company in it's own right. i spent six years of my life here creating four companies where there was just one four very competitive companies. >> so if i'm a board member of hp should i not be co

inn we entered the market consumer e-commerce, ebay had 90% market share.ighting from the little guide's position. amazon came into the market early and made an acquisition. they were able to freely compete. in the case of alibaba, we are fighting against all sorts of competition, domestic and foreign, from day one. it was a very open, competitive environment. we also did not charge commissions. it speaks to the long-term focus of our thinking process. it started 2003. for five years, we did not generate a single cent of revenue because we were looking at growing the market and the buyers and sellers in a two-sided marketplace. >> free is not a viable model, ebay said. but they had to do the same thing. >> free is not a viable model, but patience is. >> let's talk about the united states. how will you crack that market? i know you were in detroit recently. you have a global network, 300 initial veterans. -- vendors. what will be the secret to taking on amazon in its own market? >> in the u.s. we are differentiated from amazon in that we are reaching out to

. >> i do agree that amazon and ebay and things like that do make a huge difference. time there are certain exclusive things that you can pick up at toys r us that you wouldn't be able to pick up anywhere else. >> there are approximately 1600 toys r us and babies are us stores around the world. sources say the company could close some under performing stores but for now the company says its stores will remain opened for business as usual. >>> well, still ahead on "eyewitness news,." >> history repeats itself. meisha. >> it sure does. there's nothing quite like accomplishing a goal or something you have wanted to do for decades. we're meeting a man who talk a walk down memory lane and definitely crossed off a bucket list i that's coming up. you each drive a ford (all) yes.ght? i'm going to show you a next generation pickup. awesome. let's do this. the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. stronger the better. and best of all, this new truck is actually- (all laughing) oh my.... the current chevy silverado. current che

da they're the real deal, bought on ebay or at government auctions.er election? >> yes. >> you're saying it can be hacked? >> it has been hacked already, ten years ago. i personally was part of the team. >> rip it apart, see how it works. exactly, the joy of discovery. that is operator's manual for that system. >> reporter: the fbi claims in 2016, russia targeted election systems in up to 39 states. no evidence that any votes were actually changed. >> it's called ibotronic -- >> reporter: he says all the machines here were hacked in around 90 minutes. >> engineer and figure it out from scratch with no manual, no instruction -- >> reporter: the manufacturer of one of the devices tells us, in part, we make security a cornerstone. our voting systems are subjected to rigorous and thorough test campaigns. the validity of hacking attempts that do not properly recognize the utilization of real-world security practices established by law and regyatuled every voting jurisdiction in the nation is problematic." >> iunnamed foreign party wanted to hack this machi

. >> i do agree that amazon and ebay and things like that make a huge difference but at the same timehere are certain exclusive things that you can pick up at toys 'r us. >> reporter: in san jose, betty yu, kpix 5. >>> there's a new way to avoid lines at the dmv. vehicle registrations can now be renewed at some grocery stores. there are kiosks at 14 location in the bay area. the touchscreen machine designed for customers who need a need tags. you need your registration renewal notice or card. >> people spend all day at the dmv without an appointment. they stress you need an appointment but even with an appointment you can wait 3 hours with an appointment. i hope to knock all that how the. >> we have all been there. the kiosks accept all major credit and debit cards. >>> if you are up this early, you're probably aware of the bad traffic trends here in the bay area. we'll have the results of a new study and the cause next. >> plus leaders meeting in new york this week as part of climate week where we had governor brown's negative statements about the president coming up. people love my

. >>> the jimmy kimmel idea of the day is this seat belt alarm stopper, available on ebay for the 99ink and drive and not hear the alarm to buckle your seat belt, pick up the bottle opener seat belt locker. you'll be glad you did. >> dicky: from hollywood it's "jimmy kimmel live"! tonight, salma hayek pinault, from "insecure", jay ellis, this week in unnecessary censorship, and music from bearstronaut. and now, make yourself

so then you can go onto ebay or one of the iphone retail sites and sell it, because it is your property. >> thank you so much for joining us, connie guillermo with c sunse net. >>> coming up, what does it take to get the power turned back on >>> low mortgage rates are enticing borrowers to apply for new loans. applications to buy a new home along with applications to refinance existing home loans, experts say that volume would have been even higher if not for the impact of hurricanes irma and harvey. >>> those two powerful hurricanes left a lot of homes in texas and florida flooded. that could lead to the rise in the number of mortgage delinquencies. diana olick explains. >> reporter: hurricane harvey hit hughes tomorrow hom homes hd do the same to the mortgages on those homes, causing as many as 300,000 borrowers to become delinquent on their loans, and 160,000 could become seriously delinquent. that is, more than 90 days past due, which is when banks initiate foreclosures, this from a company which compared mortgaged properties in harvey's fema-designated disaster areas to those in hu

. >> they're on ebay. >> beware, they ask for i.d. so if your passport is issued under a certain name, -- >> details, details. >> i know. >> the last thing i need, a pasta pass it >> it's the last thing any of us need. >> thank you, sue. >> you got it. >> see you later >>> so we got about 30 minutes left in the trading session here the dow little bit higher. up 52 points right now other major averages are lower. >>> elon musk announcing the next frontier in electric vehicles that would be semitrucks but will truckers want to go electric the former vice chair of general motors will weigh in on that coming up. >>> but first a hot new tech ip ipo. social capital going public today up 3.6%. the company has no underlyg in assets we're going to explain what it's all about. details next on "closing bell. >>> there's one company where i invested tleer ye eed three yeao analyt analytics, provides consumer analytics to cnbc and what ifs. >> we mention them every now and then. >> the real beauty, many of the other finance technology a.i. compani

at court today, they heard a sheriff orders the ship be sold so they can ebay.o them. excited to go home, meats and family. they have been waiting a lot for us. —— meeting ourfamily. for 18 months now. this is a long time for us. the supply ship was first detained lastjune, in all 24 crew members owed money. the ship's owner going into liquidation. members owed money. the ship's owner going into liquidationlj members owed money. the ship's owner going into liquidation. i do believe it is valued in excess of what the crew are road. it could bejust enough to make sure everybody, and/or the costs being spent on the boat, maintaining the crew, will be recovered. we need to make sure it is advertised far and wide, semi—get the best possible interest out there. the location will be picked a locally in aberdeen, an open auction taking place. as we said, with a bit of luck, hoping to make good money. with the waiting game almost over, the men say they are looking forward to getting back to their families. i'm feeling on top of the world, after feeling silly mckay living

back in 2016, the tony hancock appreciation society spotted some reel tapes on ebay.the italian maid on one and the...ry serial which is another last hancock's half hour and we contacted the seller and discovered the lost episodes. they'd been recorded by geoff elliott, who was a locksmith in birmingham and recorded back in the 1950s on first broadcast. in birmingham and recorded back in the 1950s on first broadcastlj believe the 1950s on first broadcast.” believe it's already started showing. did it start this morning, is that right? yes, geoff got an eventin is that right? yes, geoff got an event in birmingham which includes a number of missing, presumed wiped, episodes of not only hancock but a broad range of television. what has the reaction been like to that? it's been fantastic. it is absolutely classic comedy. all of the audience we re classic comedy. all of the audience were absolutely laughing right through the broadcast. does it match anything like his famous blood donor? i think this is particularly an interesting episode because hancock didn't normally hav

in 2016, the tony hancock appreciation society spotted some reel to reel tapes on ebay. and the horror serial, which is another lost hancock's half—hour on the other. we contacted the seller and we discovered the last episode of the italian made and also the horror serial. they have been recorded by geoff elliott who was a locksmith in birmingham and recorded in the 1950s on first broadcast. did it start at ten o'clock this morning? yes, we have an event in birmingham which includes missing, presumed wiped episodes of not only hancock but a broad range of television. what has the reaction been like? fantastic. it is absolutely classic comedy and all of the audience were absolutely nothing right through the broadcast. does it match anything like his famous, the blood donor? yes, this is interesting because he didn't normally have guest stars appearing on the show. usually there was a small group of players who supported hancock, but for this particular episode, the italian actressjoined the show for just the one episode, the italian actressjoined the show forjust the one

getting text alerts notifying him in real-time as the hacker tried to change his password for his ebayfile, his amazon account, then his bank account. >> it kind of felt like i was done for. he pretty much had control of everything i do online. >> reporter: he doesn't know how his information was stolen, but for criminals, it can be all too easy. >> this is the place you would go to buy that kind of information. >> reporter: a cybersecurity expert took us on a tour of the dark web. >> this one sells credit card information. >> reporter:als sell hacked information. here someone selling 1,500 names along with social security numbers and dates of birth. >> you can buy anything online. >> reporter: on the dark web, social security numbers can go for as little as a dollar. a driver's license $20, a complete medical record with detailed information as much as $1,000. how much does the equifax hack information help these guys here? >> if i have somebody's social security number, you know, address, et cetera, i can obtain all these documents with all the information that was leaked from equifa

senior executives were quarantined and that gave birth best platform which growth ebay out of china anded to the single day shopping extravaganza and the launch of many new businesses. much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. more demanding. -- eight next step me be even -- the sars, there's a lot of things we can learn, but today the things we are doing, there nothing we can learn from. because we think, are the leader of this industry thatu -- the things you driving on the value of the mission. there's not a textbook you can read. >> i'll anyone could have imagined the kind of scale we reach today, but i think we are very lucky to have participated in the confluence of china's economic growth and also the rise of technology. >> this november i think is the best reflection of the landscape changing in china. million customers in china and today even more. 1999, therted out in was a hundred $70 800,000. it is over we have been very fortunate in both ways. >> we know where we are going. that is our direction, but on the way there, we have

is it ebay quality or is it a pie-in-the-sky? >> i'm not sure exactly how to take the comparison.ethe great things revenue is recurring. over the three point five years we have had about 15% cumulative turns. i'm not going to say its best in the industry. it's got to be pretty close. we are building on that at a pretty rapid pace. vonnie: how much are you expanding in london and how is hiring going? are you impacted by brexit? i don't think we will be affected by brexit in particular. london is our sales hq for all of europe. we will be opening in berlin sometime next year and potentially paris after that. right now london is the launching off point for all of europe. do you have a metric of hard figures you are looking at? it's more when growth becomes easier to predict. we are trying to grow as aggressively as we can. i would love to have another year over 100%. to more normaln growth rates i think it will be a much easier business. we have tried to run the business as if we were a public company for a while now. are the schools giving you a different student out of the united k

to the usant to go and be a local e-commerce company, which amazon, ebay, nice, interesting companiesdon't want to take on amazon now. how about entertainment? withu had at partnership amblin entertainment and steven spielberg. you have in the tortoise there. what is your strategy? entertainment ali for 10 years. going theret is not to buy a movie company, by this and buy that. stuff, souy all the you have to learn from them to do have to partner with them. there is a lot china entertainment can learn from hollywood and should partner with them. >> you talked about the coming winter in 2007 when you listed alibaba.com come and winter came quickly with the collapse of lehman brothers. we saw the collateral damage. i was watching your progress through the tech bubble. you have had these challenges that white familiar names off the board. i we facing a similar kind of tech bubble right now with these billion-dollar unicorns and inflated tech themes? are there any similarities? >> no, not that much. , a challenge at that time lot of people did not understand how powerful the internet is,

is it ebay quality, or pie in the sky? stewart: i'm not sure exactly how to take the comparison.ings about that is generally an slack in particular is revenue is recurring. over 3.5 years with had 50% jim lifted turns -- humility of turn -- cumulative turns. we are building on that at a pretty rapid pace. emily: that was stewart butterfield. it was a historic night at the emmys. hulu became the first remain service to take him a win for outstanding drama. " to comemaidens tale the top prize. ten enemies in all, including elisabeth moss winning outstanding actress in a drama. i asked mike hopkins about the show and it looked like he was looking into a crystal ball. mike: we started original programming five years ago. our most recent batch started about a year and a half ago. we have been in business with the best in the business, but this one was really special. it has broken through in a way that nothing ever has for us. we are really excited about it. emily: lucas shaw joined us to discuss streaming's big night. lucas: surprised really. if you asked anyone a couple of years ago

they couldn't let me take the hard hat but, i got a bolt, it'll be on ebay. vs. -- >> our warrior experience will begin on sunday, two games in china and will be there for a week and feeding back stories every day and it'll be fun. it's going to be amazing. >> it's incredible how popular the team is. >> clay and kevin durant, they were there earlier this summer and i'm sure there's going to be thousands of people waiting for them. >> we look forward to your coverage. be safe have fun. >> good job. >>> developing news right now. communities remain flooded in puerto rico. ten days after hurricane maria dumped rain and unleashed winds on the island. today acting homeland security secretary elaine duke surveyed the damage and recovery efforts along side puerto rican's governor. >> reporter: that's why we're here and -- [inaudible]. puerto ricans have endured long lines for supplies like gasoline. long lines also at banks where people try to get cash. and medical supplies made it to doctors who were shorthanded. puerto ri puerto ricans in the bay area are having d

talk to us about the here and now about what skills are being demanded of you by the looks of google, ebaye tech giants you serve in what people might look into to protect themselves from the mass unemployment you envisage. >> one area i think will continue to be robust is going to be tech because we currently have fewer tech specialists then there are tech needs domestically and abroad. as long as you are focused on stem education and retraining for technology positions, i think we will see that market continue to be strong long-term. right now, we are finding it is much like the economy right now. tech needs are very robust because there is a supply and demand imbalance in that sector. caroline: always great to get your opinion. great to have you joining us. the white house has announced president trump will make a decision about the deferred action for childhood arrivals program next week. the program allows people who entered the united states illegally as children to apply for renewable work permits that shield them from deportation. the news comes as business leaders signed an open l

is it amazon quality, ebay quality, or is it pie-in-the-sky? not sure exactly how to take the comparison. is thethe great things revenue is recurring. over the three and a half years, we have had about 15% cumulative churn per month. i will not say it is the best in the industry but it has got to be close. we are building on that at a rapid pace. emily: the slack c.e.o. speaking with tom keene earlier today. is aiming to raise as much as $219 million in its initial public offering. the company and shareholders are marketing shares for $12 to $14 apiece. 9 million will be sold by roku efforting to a filing. roku has yet to turn a profit since its inception in tw2002 and faces increasing competition. how has the mega breach at equifax impacted the demand for cyber insurance? we will talk to the lloyd's of london c.e.o. inga beale. this is bloomberg. ♪ mark: i am mark crumpton in new york. you are watching "bloomberg technology." let's begin with a check of first word news. president trump says he and israeli prime minister benjamin netanyahu are

our industry we want folks that understand technology, we brought amy chang on the board she wen to ebay applied technology to our space. went to google at a number of different levels and ended up as a global head and it started her as a founding company. that person is 40 years old, brings diversiont diversity, technical skills and many of the things we're looking for that's what we're trying to do is find the best people for our board. >> mr. pelts said you cut back your digital spending in order to have a better return. amy chang was added at the same time is it true you kcut it back? >> we cut the fourth quarter because we learned some of the ads were inappropriate content we vote with our money, our digital spending yen year is flat our ecommerce business is twice the size of our next competitor. we have a billion dollars business in the u.s. growing at 40%. a billion dollar u.s. commerce business in china growings at 40%. we understand how to reach consumers when and where they're reseptemberive to the methods. we haven't had a choice to cut damagetal spending other than to make s

arthel: the president met with chucking and ebay are now referred to respectfully fill. >> is that respectfully? >> a term of endearment let's say. let's just ask you, why is this such a bad thing or appeared to be a bad thing for there to be bipartisan? why do you step back and say you have great ideas to contribute as well as people on the other side -- lawmakers on the other side. isn't this the time it's been so difficult to repeal and replace. what are we rushing through? >> democrats passed that without a single republican vote. as we were told by waxman, we don't want your input. that is why it's partisan because the democrats see this as protect being their thing. at all costs, no matter how much people are hurting, they will not help the republicans do anything to repeal even a small part of it. we would love to have democrats support and people like joe manchin if they vote no as to their own detriment. i am hoping it is going to be bipartisan, but i can tell you the reason we are not getting democrats support, it's a matter of pride and chuck and nancy as you mentioned, they have mad

they couldn't let me take the hard hat but, i got a bolt, it'll be on ebay. vs. -- >> our warrior experience will begin on sunday, two games in china and will be there for a week and feeding back stories every day and it'll be fun. it's going to be amazing. >> it's incredible how popular the team is. >> clay and kevin durant, they were there earlier this summer and i'm sure there's going to be thousands of people waiting for them. >> we look forward to your coverage. be safe have fun. >> good job. >>> developing news right now. communities remain flooded in puerto rico. ten days after hurricane maria dumped rain and unleashed winds on the island. today acting homeland security secretary elaine duke surveyed the damage and recovery efforts along side puerto rican's governor. >> reporter: that's why we're here and -- [inaudible]. puerto ricans have endured long lines for supplies like gasoline. long lines also at banks where people try to get cash. and medical supplies made it to doctors who were shorthanded. puerto ri puerto ricans in the bay area are having d

amazon, ebay, so many nice, interesting companies are already over usa.: how about an entertainment, in hollywood? you had a partnership with steven spielberg a year and a half ago. you have been the tortoise there . what is your strategy? jack: weep. --ertainment, we discovered we discovered 30 years ago. company or by this and buy that. when you buy all of the steps, you have to learn from them. you have to partner with them. i think a lot of things china entertainment can learn from the hollywood. we should partner with them, we should not big about let's buy it. n: you touch about the coming winter when you listed alibaba.com and winter came quickly with the collapse of lehman brothers and we saw collateral damage. i was watching your progress through the tech bubble, you have had these challenges i wiped familiar names off the board. are we facing a similar kind of tech double right now with these billion-dollar unicorns and inflated texting? other any similarities? jack: no. not that much. i think the challenge, at that time, a lot of people did not

amazon, ebay, so many nice, interesting companies are already over the usa. >> you don't want to takeon doing what they are doing? >> no. you have been in hollywood, amblin. you have been patient, you've been the tortoise. what's your strategy? >> we have been preparing it for 10 years. we have a seven-year strategy to go. the plan is not to buy a movie company or to buy this or that. when you buy all the stuff -- you have to learn from them. you have a proxy with them. there are a lot of things china entertainment can learn from hollywood by partnering with them. not let's buy it. >> you've talked about the coming winter, when you listed alibaba.com. sure enough, the win came pretty quickly with the collapse of lehman brothers. i was watching your progress through the tech bubble and that bursting. you had these challenges that wiped familiar names off the board. we facing a similar bubble right now with these billion-dollar unicorns and the inflated -- are -- and the inflated tech scene? are there any similarities? >> no, not that much. i think the challenge at that time, a lot of p