♪ emily: i'm emily chang in san francisco. this is "bloomberg technology."oming up in the next hour, the trump administration tariffs on steel and aluminum imports from the european union. a move condemned by america's closest allies. what it means for talks with china and global technology. arm is rolling out a new version of its most popular chip designs. will they shake up the semiconductor industry? we will hear from the ceo. amazon dominates e-commerce making up 40% of online spending in the united states. but could walmart change of the -- up the global landscape going forward? first to our top story. the trump administration has taken its most aggressive step yet against major u.s. trading partners. the u.s. has imposed tariffs on steel and aluminum imports from the european union, canada, and mexico. it is certain to lead to retaliation by america's closest allies. the eu has said it would take immediate steps to retaliate while mexico has vowed to impose duties on u.s. goods. commerce secretary wilbur ross says he is looking forward to more negotiat

emily: ok. thank you both.he overseer of the central bank said that bitcoin may never be ready for prime time. for banks or international settlements. and they are subject to too much manipulation and fraud to serve as exchange. the decentralized nature is a fall rather than a key strength. and coming up, former tesla workers chilled on speaking up about safety concerns because of an agreement. all the details, next. we are live on twitter, check us out and be sure to follow our global breaking news network on tictoc. this is bloomberg. ♪ emily: last week, tesla announced it would dismiss more than 3000 employees, or about 9% of their workforce. it underscore what many had been saying for months, that tesla has reached a pivotal moment. after misjudging how quickly the carmaker would be able to mass manufacture an electric car the first time, they are pumping the brakes from hiring at breakneck speed. now one of the biggest issues for those who were fired is the language being used in a confidential severance a

emily: all right. today is august 14, 2012. this is emily carle. i'm here in georgia with tom reilly, that's r-e-i-l-l-y, and mr. reilly was in the army in the 199th light infantry brigade, first battalion, company c first platoon, first squad. and mr. reilly, where are you from originally? mr. reilly: originally i call myself an atlanta native, to be honest with you, yet i was born in michigan because of world war ii. my family has been here in the atlanta area since 1931. but world war ii took us out of the city just long enough for me to be born in kalamazoo, michigan, and then we came right back and have been here ever since. >> tell me how you ended up in the army. r. reilly well, basically, you've heard of student deferments, i'm sure. i got several of those through college. when i graduated i was out of deferments and i was offered a draft-exempt job actually at the university, and i told myself all my uncles, my dad, had all served in world war ii, and i wanted to serve also. so i volunteered for the draft, i left the draft come take me. i

emily: i'm emily chang and this is "best of bloomberg technology." we bring you all of top interviews from this week in tech. coming up, amazon held its annual shareholderer meeting. we're on the ground in seattle. the price of bitcoin remains well off its december highs and regulatory concerns have slowed down i.c.o.'s. that is the crypto phase out of steam. why google may have the upper hand and critics are not happy. but first to our top story. amazon holds its annual shareholders meeting in seattle. while the event is low key, interest this year was high. various groups protested over taxes, working conditions, diversity diversity and more. inside the meeting, c.e.o. jeff beesos said they will take increased government scrutiny in stride. beesos said all institutions should invite scrutiny and that the company has grown from 30,000 employees in 2010 to nearly 600,000 today. we spoke with -- on the ground n seattle. what is your take on all of this? beesos' response was -- speaking on growth, 30,000 employees to nearly 600,000 today. he added that

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, apple rolls out software upgrades from the iphone to the mac, tv and watch at the worldwide developers conference and fires a shot across the bow at facebook. we'll bring you highlights and reaction. plus, microsoft returns to its developer roots with its 7.5 billion dollar purchase of github but not all developers are happy. i speak with microsoft's c.e.o. up ahead. and facebook is denying a "new york times" report of deep access to not just users but their friends. what are the next moves for the tech giant and is your data at risk? first, to our top story. apple holding the annual worldwide developers conference in san jose, california, where tim cook took the stage. tim: i am happy to announce that we have over 20 million apple developers around the world. that's more than ever before. [applause] emily: while no new gadgets were announced, apple is giving the software that runs iphones and ipads a much-needed overhaul. craig federighi announced i.o.s. 12.

♪ emily: i'm emily chang. this is the best of bloomberg technology.e bring you all our top interviews from this week in tech. coming up, the battle with the u.s. border in mexico, a delicate balance between immigration reform and big-money government contracts ahead. plus, the u.s. senate voted overwhelmingly to reinstate penalties for zte. defining trump, and potentially upending the deal the president struck with the company. but the president is not backing down. we here from senator mike rounds. a shakeup at intel, the ceo is out. the chipmaker reveals he had a consensual relationship with an employee, a violation of company policy. first, to our top story. u.s. lawmakers push back against president trump's attempt to save a chinese telecom maker. senators passed a bill to restore penalties, cutting off its access to the chips and components it needs to build smartphones and network equipment. senator chris van hollen spoke to bloomberg to explain why lawmakers moved to pass what could be a death sentence for zte. >> zte poses a national security

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up in the next the u.s. hour, senate voted overwhelmingly to reinstate penalties for zte, defying president trump and potentially upending the deal the president struck with the chinese company. we will hear from senator mike brown of south dakota. plus, ibm's watson has beaten humans with trivia on "jeopardy," but what about a complex public debate? an ibm robot just took the stage. who won and what it means. and a tech startup robin hood wrapped up a million new sign-ups when it got into crypto trading. we will hear from the cofounder about what is next, including possible plans for an ipo. but first, to our top story. u.s. lawmakers are pushing back on president trump's attempt to save chinese telecom maker zte. senators passed a bill to restore penalties on zte, effectively cutting off its access to the components it needs to build smart phones. senator chris van hollen spoke with bloomberg television earlier to explain why lawmakers moved to pass what could be a death sent

emily: how did you discover computers? >> it would be fair to say that we were free range kids. >> i am always struck in the u.s. like people need finer grained counter controls for their kids life. it is like half hour increments are not precise enough. >> in our case, our parents were busy. they were both entrepreneurs running businesses they had started. patrick and i had a lot of latitudes to figure out what we were interested in. and go explore that. you are the one that started with programming. that was not the plan. >> we read a lot we took the standard routine was we would go to the library. we would go home and read the books, rinse, repeat for the next day. at some point, i happened to get a programming book. and read the book. emily: you read about programming before you had a computer. >> i read about the internet before we had the internet. i got a programming book and read it and it seemed awesome. i built my first jankie website. i was very proud of myself. emily: did you follow older brothers lead here? >>

emily. emily: thank you so much.n tomorrow's show i will be talking about uber's court ruling in london with tony west, the chief legal officer at uber. investors holding about $3 billion worth of this. facebook stock and are making moves to remove mark zuckerberg as chairman. we will hear from the investor leading the charge. this is bloomberg. ♪ emily: in the wake of the cambridge analytica data scandal, facebook is under pressure to be more transparent. now investors holding about $3 billion worth of shares want him to step aside as chairman. investor meeting and said the governing share structure is failing at the company and there is a lack of accountability to investors. the managing partner director joins us now from boston. natasha, walk us through what you want. is it for zuckerberg to step down as chair and replace himself with an independent executive and also make changes to the share structure? natasha: absolutely. i think we heard at the annual meeting a call for change. unfortunately, the way that the

♪ emily: i'm emily chang and this is "best of bloomberg technology."e bring you all of top interviews from this week in tech. coming up in the next hour, amazon held its annual shareholder meeting. activists and protesters turned up the heat on the normally low key affair. we're on the ground in seattle. plus the price of bitcoin remains well off its december highs, and regulatory concerns have slowed down ico's. has the crypto craze run out of steam? new revelations in the early stages of gdpr's. why google may have the upper hand and critics are not happy. but first to our top story. amazon holds its annual shareholders meeting in seattle. while the event is generally low key, interest this year was high. various activist groups protested outside the meeting wednesday over taxes, working conditions, diversity and more. meantime inside the meeting ceo jeff bezos said they will take increased government scrutiny in stride and shouldn't take such close examinations personally. bezos said all institutions including corporations should invite scrutiny and

emily: i'm emily chang at the e3 conference in los angeles. this is "bloomberg technology." over the next hour, we will speak to some of the biggest nas gamg d on the latest trends and how they are keeping up with them. usthe ceo of i-4's arena joins us from e3. and highlights from apple ceo tim cook that you don't want to miss. first, here are our top stories. we are in los angeles at the videogame industry's biggest sh of the year. the electr entertainment expo. the hottest names in gaming are here showcasing the latest gaming trends. it is the-year-old free hit fortnite that is the main event. it has become a cultural phenomenon. the ceo is saying this game is actually benefiting the entire industry. this is gamers to start looking fo fortnite, they will start looking for other titles as well. fortnityou think about shaking up the industry? >> it is a great thing to have for the industry. think there is eviwe bringing in a younger audience. if people are introduced to video games, that is great for all of us. is that change how free to play games are for business? >> we h

emily: you both spent time with president obama.s a trump administration takes things in a different direction, a slide toward protectionism, what are your biggest concerns? >> we benefit from such an amazing set of tailwinds. there has never been more people employed in the u.s. at any time in the past. the global inequality is falling. there is so much good that is happening, that i think -- emily: yet there are things that are alarming turn and some bad that is happening, arguably. >> absolutely. i guess where it was going to do if you really look out at the time series, all the major trends are going in the right direction. so what concerns me is what are , the tail events that could really jolt these off course? it is not clear how much influence a single person, a single country can have against all these broader trends. but that is what gives me , concerned. ♪ >> our determination was that bitcoin is not a good payment method. ♪ emily: cryptocurrency is all the rage now. stripe initially accepted bitcoin and that are you at a

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up, the pressure is on. disney is under the gun to respond to comcast's $65 billion bid for 21st century fox. following the greenlight for at&t-time warner, what is the appetite for more media m&a in 2018? plus, the cea of payment funding circle outlined their ipo after a string of massive public debuts. and a border wall between the u.s. and mexico was the centerpiece of trump's presidential campaign. as the administration moves to build the wall, could new technology eliminate the need for it? first to the top story. in the high-stakes poker game to buy 21st century fox assets, comcast has upped the pot. comcast has made an all-cash $64 billion offer, topping the offered disney had ponied up. are we looking at an all out bidding war? senior analyst craig moffett seems to think so. take a listen to him earlier. >> it is a must certainly just the beginning. there was some expectation that comcast would come in with a sort of shock and awe bid. they did not do that. my sense is

♪ emily: i'm emily chang, and this is the "best of bloomberg technology."e bring you all are top and abuse. coming up, donald trump's meeting with kim jong-un produced a handshake and a promise, but was light on detail. what does the summit signal for what is to come? we went to e3 to speak to some of the biggest names in gaming. on the latest trends and how they are keeping up with demand. and london tech week just wrapped up. we will hear about how the city is shaking off headwinds like brexit to lower talent and innovation. this become a we saw a historic summit between president trump and kim jong-un. the u.s. and north korea agreed to see complete denuclearization of the korean peninsula on the summit, but no deadline was set. disarmament remains undefined. we spoke with bloomberg's chief washington correspondent who was on the ground in singapore. kevin it was quite remarkable to : not see the details of what has been a month-long summit in the making, emily, come to fruition. we should know president trump is now back to the united states already. he

emily: i'm emily chang. this is "bloomberg technology." coming up, google making a big retail push, this time into china .cory: -- the investment and what it means for the e-commerce landscape. paris,p manufacturers in how actions against china could cost the u.s. semiconductor industry. and a coal war is brewing in space and president trump just upped the ante. a new branch of the military, the space force. google has made a play in the slice of the e-commerce pie, dropping half $1 billion in cash into a chinese online retailer. the companies plan to explore solutions throughout southeast asia, the u.s. and europe, as google seems to be prepared for a long-term defense strategy against amazon, which is not so quietly encroaching on the digital ad space of google. it offers google the ability to partner with a company that has its own logistics network, like amazon. this comes a week after they entered into a deal with a french income giant to sell groceries online in france. we have mark bergman with us and in new york, isaac stone, senio

emily: i'm emily chang in san francisco, and this is "bloomberg technology." a new data scandal brewing at facebook after the company revealed that shared user data with four chinese companies, including lenovo. we will get reaction in washington with congressman greg walden of oregon. tesla ceo elon musk gave a reasonably upbeat assessment and investors rejected proposals to reshuffle the board. is it a turning point for tesla? alphabet shareholders voted down a staff proposal to tie executive pay to progress on workplace diversity at its annual meeting. will it backfire? first, our top story, another day, another round of outraged at facebook's handling of user data. this time it's not about a consulting firm with ties to president trump or apple, it is four chinese consumer device makers, huawei, lenovo, and others. huawei was one of the few companies barred from having its products sold to the pentagon. facebook is in a familiar spotlight, having to answer concerns that it is failing to be transparent in how its user data is handled by third parties. joini

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, a trade war underway. president trump imposed 25% tariffs on a $60 billion worth of china made goods and promised to add more. beijing probably retaliated. facebook is teaming up with academics for collaborations and bodies. what this new partnership means on the platform. a crisis is building in the pacific ocean in the form of a mass of garbage totaling 80,000 metric tons. we will show you the latest technology being deployed to clean it up. but first, to the top stories. the u.s. and china now passed the brink of a trade war. on friday, the trump administration announced 25% tariffs on $50 billion. china wasted no time. they hit back with equal scale, equal intensity and they have announced tariffs on $50 billion of u.s. goods. president trump speaking on fox and friends was resolute in his decision. >> the trade war was started many years ago by them and the united states lost. there is no trade war, they have taken us so much. so last year, $ 75 billion

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, amazon makes a $1 billion splash in health care. pillg the online pharmacy pack. cheers therump groundbreaking of a foxconn plant in wisconsin. robots, prepare for liftoff. ibm plans to launch and ai astronaut the system. what this means for the next generation of' of space travel. amazon is buying into the heart of the u.s. health care industry and shaking up the prescription drug machine. they are buying the company for $1 billion. news of the deal sent shockwaves through the industry were u.s. consumers spent $329 billion on retail prescription drugs in 2016. both walgreens and cvs dropping over 8% when the news broke. it is the latest in a series of big-name moves by amazon ceo jeff bezos. remember amazon purchased whole foods last year, and this year they are creating a new venture to reshape employee health benefits. here to discuss we have bloomberg tech senior editor brad stone. also the managing director of oppenheimer, focusing on health care. and o

emily: i'm emily chang and this is the "best of bloomberg technology." we will bring you all of our next interviews from this week in tech. coming up in this hour, president donald trump's meeting with kim jong-un produced a handshake and a promise to keep talking. but it was light on details. what is the summit signal for what is to come. and we head to e3, where we speak with some of the biggest names in gaming. on the latest trends and how they are keeping up with demands. and london tech week just wrapped up. how the city is shaking up headwinds like brexit to lure talent and innovation. this week we saw a historic summit between president trump and kim jong-un. the u.s. and north korea agreed to see complete denuclearization of the korean peninsula following the summit. and yet, no deadline was set and the path to disarmament remains undefined. president trump also said kim has accepted in invitation to visit the white house, but no date for that. we spoke with our correspondent kevin who is on the ground in singapore. kevin: it was quite remarkable

emily: so what is the policy as it stands now?olicy is, if you choose to join one of these single-sex social organizations, there are certain privileges to which you will not have access. those are leadership positions in the recognized student organizations funded in part by harvard college. and that you will not be given dean's recommendations for certain fellowships and other honors. emily: there has been a lot of protest and people who say this unfairly targets women, who historically have not had access to the privileges and resources that men have had, and men who have been part of finals clubs at harvard have had. what is your response to women feel that this disenfranchises them? drew: the protests coming from women is about the single gender women's organizations that grew up to compensate for women's malesion from the organizations, but there remains anonymous power in the centrality to student life of those organizations, there remain many resources. they were still kind of the second-class status within student life. w

i emily: -- emily: he says they can get to 5000 cars per week. production goals have been pushed back and pushed back. do you believe him this time? >> i'm optimistic. i think elon musk is capable of great things. he is literally capable of rocket science. even if he were to miss the goal by a week or two, even a month, we are long-term investors. we have high confidence in tesla. it is one of the top positions in a few of our funds. we are looking to the long-term here. it goes past the production numbers. we think this is an autonomous electric vehicle story. that's the largest opportunity ahead, we think it is a $10 trillion market globally. we are excited that musk has realized that opportunity. it seems like he is on track to get there. emily: in the meantime, tesla is turning its attention to expanding its manufacturing capacity, talking about opening another plant, which will produce cars, battery packs, and power trains in shanghai. take a listen to tesla's leader of worldwide sales. >> we are incredibly excited to build our first tesla f

emily: that was take two's ceo.s out there south korean crypto companies said they had been hacked. we are going to track the breach and talk about whether the market can recover after a rough start in 2018. and the building blocks of life. did nasa discover them on mars? we will get the answer straight from their lead scientist. this is bloomberg. ♪ ♪ emily: a crypto exchange in south korea puts fuel on the fire. bitcoin down 50% in the last year, and the south korean exchange says some of its currency appears to have been stolen. the exchange did say two-thirds of the assets have been stolen or collected. investigators are following the rest. this isn't the first time we have seen this attack. the japanese exchange coin check was hit in january. when will these security risks let up? we spoke with a reporter who covers all things cybersecurity along with our bloomberg editor and host of "what did you miss? >> hackers compromise the website for a small south korean crypto currency exchange. it is not a name that wo

emily: the u.s.as the first and there is a concern when it comes to china, when it comes to southorea. what are your thoughts on a network? ionwide 5g >> why does that matter? it will take $275 billion in private sector investment to get it across the u.s. the company that moves quickly, that's where the capital is going to flow so we can get the investment necessary and our consumers can benefit fst. our path forward is the same one incentivize and competition among companies in terms of the deployment and the provision of service. that is our game plan. and my view that's the path forward for 5g as well. emily: thank you for joining us. kitty hawk, the flying car backed by larry page has a new aircraft taking to the skies. and our conversation with london mayor, the launch of london tech week that calls london the a.i. capital of europe. ♪ urope. ♪ >> high-speed flight in and around cities and another flying car announce its aircraft, the kitty hawk flyer founded by larry page and 10 battery-powere

emily: you wrote six books.ecame as storing of the american south and begin to explore questions not all that distant from questions i ask as a young child growing up in a segregated society. my first book was about people who defended slavery, because i found that so unthinkable and could not imagine how people came to convince themselves that this was a position that was , and ied or acceptable think i was projecting some of my questions about people who had an brace segregation in my own home community when i was growing up in virginia in the 1950's, so what makes people defend what is indefensible, and what makes change? must have strong opinions about how president trump has spoken about these civil war heroes, or not heroes, and the monuments? interesting in an moment with civil war memory and some of the challenges made to monuments and accounting for the past. i think it is a healthy moment, because to understand what our history has been and to understand the civil war was one in which the whole country

♪ emily: i'm emily chang in san francisco this is "bloomberg technology." the u.s.as reached a deal that will allow zte after paying a record fine to management changes. we will discuss the next steps for trade talks between united states and china. plus amazon is attempting another home device breakthrough. customerstract more now that alexa is on board? microsoft traveled to the coast of scotland to set up a data center like you have never seen before. we will take you down under. emily: first the trump administration has reached a deal to get zte back in business. the key, zte has to pay a fine totaling $2.3 billion. it also agrees to management changes eliminating a key sticking point. this is as the two countries tried to avert a trade war. the deal has caused a bipartisan backlash with senators warner and rubio railing against it on the basis of national security. the south dakota senator asked them up earlier. -- them up earlier. stealing our intellectual property, using it in their those are all things are country has been -- this company has been guilty of,

emily: i'm emily chang and this is "bloomberg technology." sector closes the book on the first half of 2018 with a major standouts and disappointments, we recap the highlight so far. plus, facial recognition technology is here but not without his controversies. we will discuss one major issue. and debate how this technology should be used. and we take a closer look at facebook's challenging rollout of new ad rules. andpublishers push back could it have an impact on the social networks revenue? our top story. chinese smartphone maker xiaomi raised $4.7 billion after pricing is ipo at the bottom of the range. $54y are pricing it at million, and it remains the biggest ipo in the region in two years. here to discuss the ipo and how it fits into the global tech landscape, we've got our guests. what do you think about the price? >> the smartphone is highly competitive. in fact, supercompetitive. apple has clearly said they are not interested in market share only. they want profitable market show. some of the statistics, whether it be a phone made b

i am emily chain in san francisco. -- emily chang in san francisco. business had a boost.of the biggest is under the radar tech investors in the world and long relied on it anyone percent taken chinese tech giant tencent to accelerate profit, but it's investments are starting to bear fruit. folded 2% stake in tencent and the netted another 1.6 billion dollar profit from the sale of a stake in the indian e-commerce startup in may. joining us to discuss, naspers ceo. fastening story of how they transformed themselves 30 years ago. tell us about the recent share sales. why did you think you needed these billions of dollars to build naspers of the future? >> thanks a lot for having me, emily. the main reason we freed up our capital is driven by opportunity. we have been focusing building our e-commerce business in class at -- classified and online for delivery. we realized there is so much for the opportunity to pursue. shore up theted to balance sheet and give us the capacity to do that. apeat the model of finding great business, finding a way entrepreneur, putting our backin

♪ emily: i'm emily chang, this is the "best of bloomberg technology," where we bring you all of our topnterviews from the week. apple rolls out software upgrades from the iphone at the developers conference, and fires a shot across the bow at facebook. we bring you highlights and reactions. plus, microsoft returns to their developer roots with a $7.5 billion purchase of github but not all developers are happy. we speak with the microsoft ceo. a new scandal brewing at facebook after the company raled it shared user data with four chinese companies. we will discuss the implications of this disclosure and get the reaction in washington with congressman greg walden of oregon. first to our top story. this week, apple held its annual worldwide developer conference in san jose, where tim cook welcomed developers from around the world. >> i could not be happier to announce we now have over 20 million apple developers around the world. that is more than ever before. emily: while no new gadgets were announced, apple is giving the software that runs iphones and ipads a much-needed overhaul. softwa

emily: i am emily chang in san emily: i am emily chang in san francisco and this is "bloomberg technology." is a turf for blurring between apple and facebook? apple takes another shot at the worldwide developers conference. why it is part of policy for both companies. plus, a former apple and google executive joins us to talk about apples moves to curb tech addiction and whether other tech giants will follow suit. mandy ginsburg joins us. what she thinks about facebook trying to get in on online dating. first, to our top story. tim cook personally called out facebook in the midst of the cambridge analytic a scandal, -- ng zuckerberg called cook's remarks extremely glib. now apple did it againits worldwide developers conference, showcasing a new system that will make it more difficult for companies to gather information on users. the safari web browser will show a pop-up windo asking users for permission before loading share buttons for social networks, including facebook. the announcement came the same day that facebook disputed a new york times report about how it shares data with mobile

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."he state of apple suppliers are once again in focus after nikkei reported apple plans to cut orders for components by a whopping 20%. plus, facebook'ssheryl sandberg testifies in europe. we will talk to a whistleblower who believes more data scandals are to come. and a cautionary tale that caught the attention of every start up an investor in silicon valley. we will talk to a pulitzer prize-winning journalist who blew the whistle on elizabeth holmes. first, to our top story, apple suppliers are feeling the pressure after a new report that the tech giant has warned suppliers of a drop of around 20% in new iphone component orders. meantime, foxconn raised $4.3 billion in its ipo, a success for the group's boss and his aim to nurture a smart factory division to rely less on making products for apple. >> foxconn has the maximum 44% in shanghai on its opening day, the largest tech company listed in mainland china. the business is more valuable than ebay with the market cap of over 60 billio

i'm emily chang.n has unveiled its newest piece of hardware featuring alexa. cube.e amazon fire tv it can power your home entertainment system and offers the basic alexa features, like answering questions. amazon is truly doubling down to dominate your living room. joining us now with more, the amazon vice president of product development in new york. thank you so much for joining us. you have combined the fire stick with the ecco in a square design -- with the echo in a square design. why? >> it is more than combining the products. what we looked to do was simplify the home entertainment experience for our customers. they have a lot of choices, ways to watch tv, cable boxes, your tv, your sound bar. what we wanted to create was a product that could manage all of that in a simple device that is easy to use, and that's what the fire tv cube is. emily: how much do you think incorporating alexa here will improve fire tv sales? sandeep: it provides a richer experience for our customers. one of the things

♪ emily: i am emily chang in san francisco and this is bloomberg technology.isney has offered to buy fox, outbidding comcast. can the end results compete with the streaming giant? how does credit karma ensure users are safe? first, to our top story. disney is close to winning approval for its $71 billion deal for 21st century fox's entertainment assets, creating a potential insurmountable hurdle for comcast. disney has also agreed to sell assets to address competition problems. joining us now from new york is a reporter covering the story in los angeles. we also have our bloomberg media reporter and our senior analyst. what exactly do we know about how the deal is laid out, and how this is a fatal flaw for comcast? >> disney has come out with about $71 billion. three dollars a share higher than what comcast proposed. executives had a meeting today in london. the fox board has recommended it. the doj knew it is about to approve this offer in as little as two weeks. they are about six months into this process and talked about divesting some assets as needed to g

emily: how so?% of the world's cobalt is sourced from there and it is a territory that has had significant sort of stability issues, and this is something that the automakers are concerned about when they look at the supply chain. emily: i want to bring in two people familiar with the growing need to create more energy storage, especially with the ion batteries. we have one of the largest manufacturers in the world for rechargeable batteries, also the ceo of fluence, a leading storage provider. john, i want to start with you. part of the surge is because the price and batteries has gone down so much that this is more economical now. so how do you say batteries disrupting the current power monopolies? john: batteries have come about really as an alternate to some of the power plants we would've otherwise built. often, we are building power plants for the reliability of the grid and today we have the opportunity to put battery systems in place fsame reliability and flexibility that logan was talking a

emily: this is "bloomberg technology." i'm emily chang in san francisco. u.s.er command is ready to go on the offensive. the pentagon has made a notable change in its strategy for a division that until now was primarily a shield against cyber attacks. just last month, the state department issued a report saying the government needs to come up with a new strategy for stopping cyber intrusions. what does it mean for american cyber defense or offense? to answer that, i want to bring in pulitzer prize-winning journalist and national security correspondent for the new york times david sanger, who is out with a new book on cyber warfare called "the perfect weapon: war, sabotage, and fear in the cyber age." you compare cyber weapons to the invention of the atomic bomb. give us the lay of the field. where are the biggest threats? who are they coming from? sangeer: the first comparison i do is the invention of the airplane. when the airplane came in and wrightht brothers -- the brothers showed it to the first military, their first response was, "this is great. we will p

de geer, izettle emily? emily: thank you, caroline.ing up, more on facebook's latest eta controversy. .overll get the view -- latest we will get the view from greg walden next. check us out, at sign technology -- us out @technology. this is . d -- emily: this is "bloomber technology." i'm emily chang. continuing revelations over facebook's data sharing policies. it was sharing data with one companyme up in natio security discussions, and that was huawei. congress is demanding the company come clean again. yet another example of questionable business practices by facebook that could undermine basic consumer privacy. it's hard to know what is true anymore." congressman greg walden joins u now. secondesents oregon's congressional district and is the chair of the house energy and comment -- commerce committee, which questioned mark zuckerberg in april. representative how concerning is this? greg: it's concerning. silicon valley has an issue about trust and communication between silicon valley and washington, d.c., and lawmakers and silicon

emily: tom, is a more syic? tom: this definitely gives apple the opportunity to claim some moral high ground. apple has done this before. they had the standoff with the fbi. they really want to be known as a company that cares about your data, your privacy, and is willing to go to the mat. they did that with the fbi and definitely made hay in light of the controversy surrounding facebook. my question is, to what extent are people going to pay attention when apple giv you don't want to share thisno information with facebook? how much will peopleake advantage of that and pay heed? emily: that said these companies , have completely different business m mark zuckerberg pointed that out. apple sells fairly high-end devices. facebook makes money on advertising. caroline hyde spoke with tony fadell, a former apple and google executive who has been talking about the problem of tech addiction, the responsibility of companies like apple. he says this move is a good one. >> facebook, people are saying they are exploiting t

♪ emily: i'm emily chang, this is the best of bloomberg technology , where we bring you all of our topnterviews from the week. apple rolls out software upgrades at the worldwide developers conference, and fires a shot across the battle at facebook. we bring you highlights and reactions. to theirrosoft returns developer roots with a $7.5 million, but not all developers are happy. we speak with the microsoft ceo. a new scandal brewing at facebook after the company revealed shared user data with for chinese companies. we discussed the implications of this disclosure and get the reaction in washington with congressman greg walden of oregon. first to our top story. this week, apple held its worldwide developer conference in san jose, where tim cook welcome developers from around the world. happier tonot be announce we now have over 20 million apple developers around the world. that is more than ever before. while no new gadgets were announced apple is giving the , software that runs iphones and ipads overhaul. craig federighi announced i.o.s. 12. with improvements to the operating system pe

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up, amazon makes a $1 billion splash in health care. we will hear from an early investor and talk about how amazon is shaking up the industry. --s, president trump while the chairman's is the company's biggest threat is a possible trade war. and robots prepare for liftoff. ibwhat -- what this means for the next generation of space travel. amazon is buying into the heart of the u.s. health care industry and shaking up the prescription drug machine. the company for $1 billion. news of the deal sent shockwaves through the industry were u.s. consumers spent $329 billion on retail sprinkler -- prescription drugs in 2016. latest in a series of big-name moves by amazon ceo --f these us jeff here to discuss we have bloomberg tech senior editor brad stone. have georgehone we zachary. this is after months of amazon makingout moves. how much could this potentially shakeup? >> we heard that walmart was circling pillpack, and maybe george could tell us about why that didn't happen. was look