. ♪ emily: i am emily chang and this is "bloomberg technology."he jobs report offers a mixed picture of the labor market. how dangerous is the shortage of skilled workers? game inis upping its its retail rivalry with amazon. we had to arkansas where thousands of shareholders have gathered at the annual meeting. we take a look at the week that was andy major tech backlash facing the white house after president trump withdraws from the press climate agreement. the u.s. jobs report added 130,000 jobs in may. the labor market getting mixed signals. the on implement rate declining to a 16-year low contrasted with hiring and wage growth that fell behind economists' consensus. the data could indicate increasing challenges to find and hire skilled workers in the united states. spoke to bloomberg from the white house and touted the results. >> since inauguration day, the u6 rate is down 1%. we brought back close to 200,000 people that were dissatisfied or underemployed in the u.s. workforce. that to us is a really amazing trend. there are some very -- ther

♪ emily: i am emily chang and this is the "best of bloomberg technology," where we bring you our topnterviews from the week in tech. president trump withdraws from the paris accord where leaders from tim cook to elon musk speak out. uber fires the star engineer at the center of its driverless car division. why is was time for anthony levandowski to go. and there's a new phone on the block. we will hear from the coo of essential and find out how their device stacks up against apple and samsung. first, to our lead, president trump has announced the united states will withdraw from the paris climate pact and that he will seek to renegotiate the international agreement in away that treats american workers better. president trump: i will immediately work with democratic leaders to either negotiate our way back into paris under the terms that are fair to the united states and its workers or to negotiate a new deal that protects our country and its taxpayers. emily: the tech industry already responded to trump's announcement. elon musk taking the lead, announcing his departure from the pres

♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring our top interviewsrom this week in tech. coming up, tim cook opens up about apple's car ambitions for the first time. more from our exclusive conversation with the apple ceo about the company's focus on autonomous tech and the push into cars. plus, travis takes an indefinite timeout. why the ceo says he takes a break from the company he cofounded and what it means for him uber ahead. and it is the biggest gaming event of the year. we will take you e3 in l.a. but first, to our lead, after years of speculation, apple is finally lifting the hood on its car ambitions, focusing on the technology that makes autonomous driving possible. for the first time ever, apple ceo tim cook spoke about apple's car ambitions in an inclusive interview, and also discussed the company's outlook on china. take a listen. tim: china, for us, we make our decisions for the long-term, and so we are not investing for next quarter or next year. we are thinking about many, many years out, and as i stand back and look at china, i see

in san francisco. ♪ emily: welcome back. i'm emily chang.bin is back in betting big on a big new smartphone. he unveiled a new product from his new company, calling it the essential phone. it has some serious competition in the smartphone market, but rubin believes his company and product will have the it factor to appeal to the masses. we found out from the president and coo of essentials. >> premium materials, craftsmanship, and passion, are what we are bringing back. >> do you think apple has that? >> i think there has been a little bit of a board room factor setting in. we've got a very distinctive device, obviously. it's got the first ceramic titanium enclosure. we've got the biggest screen and smallest formfactor. and we've got an excess report in the back with the world's smallest 360 camera that can snap straight on the back. i think what is going to happen with our devices, it is going to evolve with you, allow you to make your phone more meaningful and powerful overtime. we will focus on significant innovation at all times, and onl

♪ emily: i am emily chang.his is "best of bloomberg technology" where we bring you the best of weekend interviews and technology. we will have talks about president trump and how apple sees its role in fighting against terror. also, our one-on-one with the hewitt packet energy ceo from las vegas to give us a progress report on their turnaround in the age of the cloud. another bombshell at uber, the company fired over 20 employees after investigation into sexual harassment claims. first, to our lead, our exclusive interview with tim cook from the apple worldwide developers conference. the company set the stage for the hardware and software that will hit the stage in the next couple of months. this year, they introduced a major overhaul of the apple watch operating system among other products. the big answer is there product to combat the amazon eccho and google home. >> we tried to build something that is a breakthrough speaker first. music is in our dna dating back to itunes and ipod. we wanted something that s

. ♪ ♪ emily: i'm emily chang and mrs. "bloomberg technology."ckberry back under pressure as shares dive less than a year after it went all in on software. we will break down the first order miss that ended the canadian company's 2017 winning streak. suddenly change in china. we have highlights from the biggest stories this week in tech. as more portfolios in africa start to diversify from oil, we take a closer look at the emerging. our deep dive into the bc climate on the continent and how it stacks up against the competition. first, to our lead. blackberry shares plummeting more than 11% in friday trading. the company getting a speedbump in its quarterly earnings report. the company missed analysts estimates for total revenue. before today, blackberry shares had risen this year. most of its revenue now comes from software. joining us in the studio, cory johnson. and from toronto, garrett did think. why is the stock down so sharply after what has been an ok year? >> they had a great year, 60%. still a pretty good year from blackberry, of more th

emily: why?> there are a lot of things coming in the future, we have a narrative vortex around the company. we want that to diminish. we want positive news to start coming out. we are looking toward and ipo. i do not think we can get there until we start course correcting and that has to happen now. the flipside, travis is wonderful. there are people who really believe in them, most of the company does. he founded the company, so it is sad for him to be leaving. see early warning signs about the company culture and challenges that might lie ahead? whether any attempts to course correct years ago? lane: the company has been growing dramatically over the past couple years. there's been a lot of course correction. over 14,000 employees, half showing in the past two years. it is hard to say there is a past -- bad culture with 2000 employees that were not there at the founding. there been a lot of changes. most of what we are seeing now happened a long time ago. talk to us about this leave of absence.

i'm emily chang.ek, federal reserve chair janet yellen forged ahead with an interest rate hike, along with additional plans to tighten monetary policy, despite growing concerns over weak inflation. now that capital is more costly to reel in, how will it impact the tech ecosystem, specifically venture capitalists? and how could that trickle down to tech startups? longtime venture capitalist journey lou joins from new york joinsis -- jeremy lew from new york with his insight. >> micro always trumps the macro. the cost of capital or fed rate hikes i think are a lot less important in things like do we believe in the team and the vision? do they have a unique insight? do we think they can build something that's going to create new habits for people? emily: at the same time, softbank just raised almost $100 billion to invest in tech. i know it is later stage, but there is so much capital built up in the system, how does that change the competitive landscape for you? jeremy: when you are talking about that m

. ♪ emily: i'm emily chang and this is "bloomberg technology." played hisjack ma trump card.he alibaba founder delivers on a promise made to the president to create one million jobs in the usa, starting with small businesses in detroit. plus, the inside track on the trump administration's plans to protect.insight from the founder of code of america, who was in the room alongside tech's biggest heavy weights for the first meeting of the technology council. tipping point. why they found it was time to finally reward passengers for service. first, alibaba is pulling out all the stops for u.s. business entrepreneurs. they are kicking off a two day event in detroit, michigan right now, drawing in thousands of u.s. business owners and aiming to learn how to succeed in china through alibaba. the company's founder and executive chairman, jack ma, is following through on a promise to president trump to create one million jobs in the u.s. earlier this year.is also trying to lord 10 million small businesses to trade on his e-commerce site.joining us from new york ceo of aounder and cons

♪ emily: i am emily chang and this is the best of "bloomberg technology," where we bring the top interviewsrom the week in tech. world's moste valuable startup and a wide investors decided it was time for travis kalanick to go and a way forward for uber. plus, facebook ceo sheryl , sandberg gives her take on big branding, the future of digital ads, and cybersecurity. and the inside track on the trump administration's plans for tech. we talked to the founder of code for america who was in the room for the first meeting of the american technology council. but first, to our lead. travis kalanick is officially out as uber's ceo, resigning from the company he cofounded. kalanick's resignation comes a week after the board announced he would take a leave of absence following months of scandal and employee exits. however, the pressure did not come from the board. instead, in a rare move, investors pushed kalanick to step aside. it these investors poured more .han $15 billion into uber caroline hyde broke down the news with our bloomberg tech reporter eric newcomer and a partner at the lead edge and

. ♪ emily: i'm emily chang, and this is "bloomberg technology."oogle searches for answers and an appropriate response after getting slapped with the biggest antitrust fine in e.u. history. the price it has to pay, and the deadline on tax to level the playing field. plus, the cyber strike crippling systems across russia, europe, and the u.s. mcafee ceo chris young joins us with his take on the latest ransomware, and how to contain the spread. and microsoft continues its thinking inside the box with an announcement today on expanding his partnership with the file sharers and the cloud. aaron levie breaks up the tie up. first, a cyber attack is spreading across the globe today, hitting dozens of companies and some government agencies. operators in new york, rotterdam, government systems in kiev and companies like rosneft k have all -- mers been victims. you'll remember that wannacry virus that attack -- affected hundreds of thousands of computers in more than 150 countries. joining us in london is caroline hyde. what do know right now about the sprea

emily: what about consumers?im: with a core technology and as a platform owner, the first thing, arguably the first thing is to build the foundation and from that foundation you can do anything off of it. emily: peter thiel said he believes that innovation in smartphones is ever. are there more quantum leaps? tim: i do not agree with that view at all. when i think about all of the things that are going to change from a core technology point of view in the future, i think we are just getting started. i'm incredibly excited and clearly there is nothing that i think anybody would say is going to replace the smartphone anytime soon. as time has gone on, the smartphone has become more important to people's lives. when it started, the phone call was still a dominant reason for having it. now if you look at what people are doing on smartphones, it is a minor piece of what a phone is now. when i look at the health kit and what that has to done in terms of getting people's health the data. -- people's health data. i think

. ♪ emily: i'm emily chang, and this is "bloomberg technology."oming up, another bombshell in the development of uber. they have fired more than 20 employees after an investigation into sexual harassment claims. tech companies are joining the global counterterrorism effort. apple ceo tim cook told bloomberg how the phone maker is working with the u.k. government to fight terror. and the ceo meg whitman will give her keynote presentation from las vegas. the fallout from uber's investigation into harassment claims has led to the firing of more than 20 employees. the probe into dozens of other employees is ongoing. this on top of the separate investigation commissioned by uber being led by former u.s. attorney general eric holder. what do we know? reporter: there have basically been 215 incidents they are looking into, human resources problems, some of them sexual harassment, gender discrimination, lots of things. 20 or more have been fired, and some are still ongoing. a few of those are senior executives. i know you want to know who. we don't know e

♪ emily: i am emily chang.his is "best of bloomberg technology" where we bring you our top interviews from the week in tech. our exclusive interview with ceo of apple, tim cook. our one-on-one with meg whitman, the hewlett-packard ceo to give a report on their turnaround in the age of the cloud. another bombshell at uber, the company fires more than 20 employees after investigation into sexual harassment claims. first, to our lead, our exclusive interview with tim cook from the apple worldwide developers conference in san jose, california. the conference sets the stage for the hardware and software that will hit the stage in the next 18 months. this year, they introduced a major overhaul of the apple watch operating system among other products. the big answer is there product to combat the amazon eccho and google home. >> what we have tried to do is to build something that is a breakthrough speaker first. music is deep and our dna, dating back to itunes and ipod. we wanted something, that number one, sounded un

. ♪ emily: i am emily chang. this is "bloomberg technology."ne-on-one with meg whitman in a bloomberg exclusive. she joins us live from las vegas on maintaining profitability in the age of the cloud. one day before former fbi director james comey testifies before the senate, president trump tweets of the name of his potential successor. we will tell you more about former doj official christopher wray. with hours to go before the u.k. general election, online voting is front and center. we break down the pros and cons. the annual hp discover conference is happening this week and the company has outlined how it will continue to grow and stay competitive in the age of cloud computing. hewlett-packard ceo meg whitman joins us live a for a exclusive interview in las vegas. thank you so much for joining us. meg: happy to be here, emily. emily: it is almost two years post split. what is your number one message to customers today as technology shifts beneath us? meg: there are two very important messages. first, we believe the world will be hybrid. we

emily: exactly.o you imagine the organization actually running by committee without people in these key roles? >> i think it is important to look at the uber not as a startup, but a multinational corporation. there's a bunch of department heads doing excellent jobs and making money for the company, expanding to new markets, running the business. i think those people continue doing what they are doing day in and day out. emily: do you think travis will come back? >> i think it is good to look at other companies like uber. at google, we had two dramatic founders that are still very involved. i think that is a good model for what happens next at uber. emily: that was lame castleman lane kasnewcomer -- selman and eric newcomer. companies like ford, gm, and toyota are asking congress to expand the cap on how many cars can be deployed under waivers from safety regulators. the automakers are also asking congress to clarify state and oversight roles and update vehicle regulations that implicitly require a hu

. ♪ ♪ emily: i am emily chang and this is "bloomberg technology."ing up, tech stocks nosedive dragging the nasdaq to its lowest levels this year. we will map the sudden selloff and #. theresa may's gambit. to the prime minister's move gain a greater majority backfired and the potential impact on her brexit agenda. potential miss on the upcoming data revolution. why the latest iphone may not satisfy customers' needs for speed. after seeing massive gains this year, big tech stocks came crashing back down posting the biggest losses in months. shares of apple, microsoft, amazon, and facebook are some of the biggest decliners of the day. mike regan joins us from new york. what exactly happened? >> as you mentioned, tech has been on a tear this year. depending on how you look it, tech stocks on the s&p 500 or nasdaq 100 either up more than 20% coming into today. and if you overlay on that this notion of how popular dr. investing has become on wall street, investors look for stocks with certain attributes, whether it be high sales growth, good valuations,

. ♪ emily: i'm emily chang. this is bloomberg technology.oming up, the fed high -- that hikes rate. tim cook tells us they are pushing to cars and the competition is taking notice. first, to our lead. federal reserve chair janet yellen forged ahead with tightening monetary policy despite concerns over weak inflation. how will it impact the tech ecosystem, then sure, and how could that trickle down? joining us now, jeremy lou and the first the sea investor in snap. fed officials raising rates, the third time in six months. how does this impact venture capital? flex micro always comes to macro. we are always looking at these early-stage companies. cost of capital are less important than do we believe in the team, do they have a unique insight, can they've built something that will create new habits for people? >> saw they raised with hundred billion dollars to invest in tech. there is so much capital built in the system, how does that change the landscape for you? >> it really is the latest stage companies that are going to be affected. those

. ♪ emily: i'm emily chang and this is "bloomberg technology."ing up, amazon gobbles up whole foods. we go over every angle of this stunning development, including the implications for brick-and-mortar stores. why the world's e-commerce giant's diving back into the space it has disrupted. plus, the shockwaves rippling across the pond. why the competition should be concerned that amazon may have a plan in the pipeline to expand its european footprint. amazon upsets the grocery cart. company agreed to buy whole foods by $13.7 billion. the news sent shares of both whole foods and amazon are trading higher on friday and then shockwaves of online and off-line worlds. it is a highly ambitious world to give amazon the ability to dominate every part of a customer shopping experience. -- amazon has become a major distributor of tv and movies. they opened physical bookstores and changed the future of homes. now it is taking on groceries, a massive and non-cyclical business. we all have to eat. it is it big purchase, the biggest they have ever made. we are

. ♪ emily: i am emily chang. this is "bloomberg technology." drone diplomacy at the white house.ighlights from president trump's meetings with tech executives and their advice for -- to him on what is to come. plus, a new era at uber. the final moments leading up to travis kalanick's resignation. which investors were responsible for the ouster, and why. and the hero prepares to go public. we are at the noah internet conference in berlin with one of its biggest investors. first, to our lead. president trump continues to welcome u.s. tech leaders this week to the white house as part of an initiative to get the government equipped with the latest technology. today's meeting was around emerging technology like drones and iot, or the internet of things. among attendees, at&t ceo randall stephenson, and venture capitalist steve case. , president trump's main message, remain number one in technology. for more, i want to turn to toluse olorunnipa. he covered the meeting for bloomberg in washington. what was the main takeaway from the drone meeting today? toluse: the president wanted to t

. ♪ emily: i'm emily chang. this is "bloomberg technology."ing up, it is decision time on climate change. will the u.s. back out of the landmark paris accord? we will break down silicon valley reaction in the fight against global warming without america leading the charge. plus, the ai war hits home with apple set to roll out smart speakers. cupertino is playing catch-up. can apple close the gap with amazon and go? cyborgs arrive at morgan stanley to back up its 16,000 financial advisors, but are they an upgrade over the robo-advisors? we will discuss. first to our lead. the paris climate accord could be in trouble. it was just two years ago nearly 200 nations, including the united states, agreed to reduce fossil fuel emissions. this is an effort to combat climate change. terms, itent obama's was a step in the right direction. president obama: this is the moment we finally determined we would save our planet. the fact that our nation shares a sense of urgency about this challenge and a growing realization that it is within our power to do some

. ♪ emily: i'm emily chang. this is "bloomberg technology." coming up, the u.s.fficially takes a step back from the global effort to save the planet. our deep dive on president trump's decision to withdraw from the 2015 landmark paris accord, and how tech industry is responding. plus, a new smartphone to challenge apple and samsung seizes the spotlight. it is designed by the same guy who created android. we will hear from the company about why this so-called anti-iphone is a must-have seizes the spotlight. product. the internet of things to come. chinese giant baidu partners with german automotive heavyweights. first, to our lead. president trump has announced united states will be withdrawing from the paris climate pact and that he will seek to renegotiate the international agreement in a way that treats american workers better. president trump: i'm willing to immediately work with democratic leaders to either negotiate our way back into paris under the terms that are fair to the united states and its workers or to negotiate a new deal that protects our country

emily: i'm emily chang. this is "bloomberg technology." blue apron lowers expectations and its valuation just hours before its trading debut. we will dig into the reasons behind the sudden reality check. plus, the attack continues to wreak havoc as its assault on networks across the globe enters a second day. we will do a deep dive on this latest virus. insight from outer space. on the new age of discovery. peggy whitson joins bloomberg from the international space station to break down the new race to orbit new worlds. first, a cyber attack similar to wannacry enters its second day, infecting computers in at least 65 countries, according to microsoft. the attack is being carried out by a virus that is crippling businesses, port operators, and government systems across the world as they struggle to take control of their networks. the ransom warlocks -- ran somewhere demands -- the ransomware demands $300 in bitcoin to regain access. caroline, you've been looking deeply into this. talk about how much further we know this has spread. carolin

emily: you said cars are an area ripe for disruption.mportant is it that apple not miss out on cars? ♪ emily: let's talk about the world's second-biggest economy, china. how does apple navigate what seem to be uncertain economic and political waters there? tim: we make all decisions for the long-term. we are not investing for next quarter or next year, we are thinking many years out. as i stand back and look at china, i see mega-trends that make china an incredible market, not just to sell in. i also mean for application developers. we have 1.5 million application developers in china now. probably closer to 2 million. it has been an incredible market -- it is an incredible marketplace for talent, and in terms of the size of the marketplace. the short-term kinds of economic moves up and down, i do not get too excited about. emily: how realistic is it to expect double-digit growth to continue for apple? in china? tim: it didn't continue last year. >> are the days of double-digit growth over? tim: i think we will do better this quarter than

tim: great to see you and spend time with you. ♪ emily: i am emily chang and this is the best of "bloombergy," where we bring the top interviews from the week in tech. world's moste valuable startup and a wide investors decided it was time for travis kalanick to go and a way forward for uber. plus, facebook ceo sheryl , sandberg gives her take on big branding, the future of digital ads, and cybersecurity. and the inside track on the trump

emily: -- tourism. emily: any news on the exit strategy?ur focus is making sure we get the basics right and delivering on our value proposition. emily: have a wonderful fourth of july. thanks so much for sharing that report with us. chris lehane, airbnb's head of global policy. thanks for joining us. coming up, fitbit's upcoming smart watch is already facing major setbacks. this weekend, we bring you our best interviews from the week, including our exclusive conversation with kiersten green, her outlook as consolidation heats up. this is bloomberg. ♪ emily: we are looking at south korea'. it is leading an investment in a ride-hailing startup to be spun out of the social media giant. it grows the fleet behind a competitor to uber which the property equity firm also backs. he gives it a cash i nfusion. it aims to roll out new services including corporate taxes, parking, and automatic payments. the global wearables market is expected to grow at 20% this year with over 25 million devices expected to ship. now a company trying to capture some of

this is bloomberg. ♪ ♪ emily: i'm emily chang and this is the "best of bloomberg technology," where weop interviews from this week in tech. coming up tim cook opens up , about apple's par ambitions -- car ambitions for the first time. more from our exclusive conversation with the apple ceo about the company's focus on autonomous tech and the push into cars. plus, travis takes an indefinite timeout. why the ceo says he takes a break from the company he cofounded and what it means for

emily: this is "bloomberg technology." i'm emily chang.dent trump has decided to pull the u.s. out of the paris climate accord. the move has huge implications across the globe and throughout several industries, and ceos are already speaking out. google's ceo just responded, "disappointed with today's decision. google will keep working hard for a cleaner, more prosperous future for all." ge's ceo tweeted -- earlier on bloomberg television, we heard from richard branson. here is his reaction. richard: i have been to the antarctic and the arctic. i live on an island. the effects are just beginning. it in slightly --her tides, slightly less quite a lot less ice in the arctic. it's just a start. and that's what's so sad. trump says we are only going to reduce it by a tinier bid if we all do this together. that's not the case. if we move quickly and determinedly, we can protect our grandchildren from the effects of climate change and we can have a wonderful environment that we live in, a clean environment, where people are not going to get ill f

emily: thank you.ming up, wrong moves as our next guest on the uber ceo taking a leave of absence from the company he cofounded. if you like bloomberg news check us out on the radio. on the bloomberg radio app and on sirius xm. ♪ >> you are watching bloomberg technology. let's start with a check of your first word news. the death toll from the massive apartment tower fire is up to 12. authorities expected to rise. dozens were injured and several hospitalized. the fire broke out around the second floor of the 24 story tower after midnight. ireland's new prime minister took office today. the son of an indian immigrants, the first openly gay are leticia to serve in that post. kenny whos enda resigned. he replaces michael noonan. germany expects the schedule for brexit negotiations to remain in place. a spokesperson says officials have no indication anything will change. theresa may is working to reach democratic the unionist party. cuba is starting an electoral process expected to end with raul castro ste

more from "bloomberg technology," next. ♪ emily: this is "bloomberg technology." i'm emily chang.tory today, u.s. attorney general jeff sessions testified before the senate intelligence panel about the firing of former fbi director james comey and the investigation into russian hacking in the 2016 presidential election. this is what attorney general sessions had to say about his participation in any collusion. sessions: the suggestion that i participated in any collusion, that i was aware of any collusion with the russian government to hurt this country, which i have served with honor for 35 years, or to undermine the integrity of our democratic process, is an up and detestable -- appalling and detestable lie. fact -- that i did not answer senator franken's question accurately here that is false. emily: bloomberg reported that russian hacking during the presidential election was far wider than previously reported with a voting his -- system of 35 states hit by attacks. i want to start with sessions. what new did we learn, but more and probably, what didn't we learn from his testim

. ♪ emily: i am emily chang and this is "bloomberg technology." tech stocks rally slightly.e will break down all the action. send a $9 billion message. what could be the biggest acquisition to date for the world's largest online retailer. a tech job bonanza unfolds in the u.k. the workforce cannot seem to keep up. why it is still a struggle. first, to our lead. tech stocks started the day lower end made up some losses. fourthl marked of the out of five days the nasdaq has finished lower. joining us to discuss the recent selloff is abigail doolittle from new york. give us a tech roundup. >> we did have tech down sharply, the debt -- nasdaq down 1%, session lows down 1.4%. even so, the nasdaq did finish down 0.5%. it seems we saw a little bit of that mentality overall. to your point about the last five days, the s&p 500 tech index is down more than 3.5%. the worst five-day stretch since the brexit last year. lots of big names participating once again, apple, facebook, alphabet. alphabet had the rare downgrade. most are bullish on this one. that is what is at play here. whether