emily: what's next?xt three months, you're going to try to figure out what is in these new iphones. >> i have to be honest with you, this year in terms of new hardware products for apple, it is a pretty mediocre year. especially on the iphone. i don't anticipate ios 13 being that big of a jump like ios 7 or ios 10. iphone hardware itself, this is going to be the third year in a row the iphone x, 10s, this is going to be another update, maybe they will call it the 11. the next change will be around the camera. sort of mediocre not major changes, but the important thing is you do not really see any other phone makers doing something great, either. you saw samsung was going to try it with their new phone, but as you know, at $2000, it basically was becoming nonfunctional, pretty much a dud. that shouldn't be concerning for apple. we will see a new design, a new augmented reality focus -- i think 2019 is going to pull people over to the year after. next year is going to be the really big year for apple, i th

emily: so, what should congress do?ator black: the browser act is my legislation, kind of the benchmark, if you will, that people talk from and say let's say to or take from. this would require an individual to get explicit approval for sensitive data sharing, one set of privacy rules for the entire internet ecosystem and one regulator, the ftc, our nation's privacy regulator, both in the virtual and physical space. emily: do you think europe and the gdpr is a good model? >> it reaches a little bit too far, it is a little bit too restrictive. my preference is to see the internet remain a place where innovators can hop on and innovate. we have to bear in mind that the internet from 1995, no one ever thought about apps mobility, in the sense we have it now. they never thought about the convergence of voice, video, and data. now you see it is all on the handheld device, you take it with you everywhere. we need to make certain that individuals that are going to use that spectrum as their backbone, that they have the ability

emily: how does maven work?ave a lot of different digital programs from egg freezing to early adoption, you enter programs. you have access to our tele-medicine network, which has 20 different types of clinical, behavioral, and wellness specialists. you can talk to them at any time of the day or night. they can be anyone from a lactation consultant to an ob/gyn. physicalon therapist, coach, and you get a care concierge that helps you navigate this use experience. emily: this is covered by insurance? >> we sell mainly to ensure -- employers and health care. your health care would cover it. i think one of the biggest problems is a lack of specialists that are covered in the system. for instance lactation consultant, women's physical therapy, breast-feeding and recovering from childbirth are often not in network. providing maternal health is another area. many hospitals will not have a maternal mental health specialist. when we built the network, it was with an eye toward specialty. emily: there are other tele-medi

emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, eyes for amazon. warren buffett taking shares of the tech giant after underestimating it. -- your goal of omaha is changing his tune. overtaking apple in the global smartphone market. we take a look at the big picture. how the company behind we work exploded the industry. to the chief technology officer. first, richer hathaway has acquired a stake in amazon. warren buffett said he underestimated the online e-commerce giant. he has called himself an idiot for not purchasing shares. stocks inided tech the past. one exception was ibm. he invested $10 billion in the computer giant in 2011 but it did not pan out so well. he sold nearly all of his shares in 2018. joining us to discuss this is our reporter. any details on why amazon would be one of the few tech stocks he backs? >> i think this investment is hathawayout berkshire changing. over the last few years, warren has prepared for a life when he is no longer around wod he has hired t stockpicking deputies. b

♪ emily: i'm emily chang and this is the "best of bloomberg: technology."oming up, big tech reports results, apple says the sales are stabilizing and the bet on services seems to be paying off. alphabet falls the most in seven years after revenue missed her estimates, sparking fears that advertising are shifting and spending to rivals. facebook puts its best foot forward, working to pivot to private communication. we hear from the vice president in of facebook messenger. your first to the top story, a first to the top story, tory apple reports service results, revenue hitting a high. this is after unveiling a plethora of new services. still, its biggest revenue him driver remains the iphone, where demand has stabilized. the iphone bringing in $31 in billion after a disappointing one holiday quarter. caroline hyde caught up with a vp of global device trackers and will principal analyst julie after the results. >> overall, not pretty, and we have got some tough times ahead. we are looking at 2020 as sort of the beginning of the real recovery. that is pretty m

emily: this is one of the first cameras. nick: yes, that is the first gopro. emily: ok.ick: that sold for $20 in surf shops, snorkel shops. we built the gopro today off of this 35mm reusable film camera. emily: hang on. you are on this. your wife is on this. nick: yes. in the making of this packaging, i didn't have a budget to hire any models. that's me. that's me. that's my wife. emily: didn't you borrow a sewing machine from your mom to make the belt or something? nick: yes, i started gopro with $20,000 i had saved, plus $10,000 from selling bead and shell belts. that is $30,000. my mom loaned me $35,000 and the sewing machine. i launched gopro with $65,000 and the sewing machine, and then down the road over the next couple of years to build inventory, my dad loaned me a couple hundred thousand. i paid my mom and dad back, and they both became shareholders in the company. so always pay your parents back. but the gopro that you know today was built on $265,000. we took outside investment along the way before going public, but we never spent the investment money that we

♪ emily: i am emily chang in san francisco, and this is "bloomberg technology."oming up, an upbeat earnings report for lyft, its first as a public company. the ride-hailer beat forecasts, but spending also ramped up dramatically. melinda gates opens up. we talk about her new book, where she is putting her money, and what she thinks the biggest priorities for tech should be. and google holds its annual developers conference in mountain view, where it is doubling down on privacy. we will hear from a top exec. first, lyft shares falling after a quick pop on the heels of first-quarter earnings. the projected revenue exceeded the $782 million analysts forecast, and also an eye-popping net loss of $1.14 billion this quarter, larger than what the company lost in all of 2018. joining us to discuss, mandeep singh of bloomberg intelligence. they also beat on it revenue in general, but why so much spending in a single quarter? mandeep: a couple things. looking at the metrics, there was a topline beat, but they have not shown as much leverage when it comes to marketing and r

emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, big tech reports results, apple says iphone sales are stabilizing and the bet on services seems to be paying off. plus, alphabet falls the most in seven years after first quarter revenue missed analyst estimates, sparking fears that advertisers are shifting spending to google's rivals. and facebook puts its best foot forward at its f8 developers conference, as the social network works to pivot to more private communication. we are going to hear from the vice president of facebook messenger. but first, to our top story, apple reports earnings results, with services revenue hitting a high of $11.5 billion. this after unveiling a plethora of new services, including streaming video, video games, and a revamped new subscription service. still, its biggest revenue driver remains the iphone, where demand has stabilized. the iphone bringing in $31 billion after a disappointing holiday quarter. bloomberg's caroline hyde caught up with ibc's vp of g

emily: this is "bloomberg technology." i am emily chang in san francisco.i after being blacklisted by the united states in may. in an elusive interview with bloomberg's tom mackenzie, the founder and ceo, ren zhengfei, says the company is prepared to carry on without the business it depends on from the united states. he spoke from the company headquarters in shenzhen. mr. zhengfei: the u.s. has never bought products from us. even if the u.s. wants to buy our products in the future, i may not sell to them. there is no need for negotiation. i will ignore trump. then, with whom can he negotiate? if he calls me, i may not answer. i have seen his tweets, and they are laughable because they are contradictory. reporter: the list of companies that supply huawei with components and also software that are now cutting off supply, growing. intel panasonic, qualcomm, , google, as well. i guess the question is, for how long can huawei survive without those supplies, both components and software? mr. zhengfei: the u.s. manages its own companies. the u.s. is not the intern

♪ emily: i'm emily chang in san francisco. this is "bloomberg technology."hares of apple climbing back up to the $1 trillion market cap after iphone sales have stabilized and massive buyback. qualcomm also out with earnings results with one key new piece of information. apple will pay as much as $4.7 billion to the chipmaker as part of their legal settlement. as gopro's youtube channel hits 2 billion views, the ups, the downs, and the ups. first, apples bounce back. the iphone maker continuing to feel the love from wall street. as much as 7% at one point in trading on wednesday. one key to success, stabilizing iphone demand. something that had a positive effect in all markets. an important market, china. >> we did experience a revenue decline in emerging markets but we feel positive about our trajectory. our year-over-year revenue performance in greater china improved relative to the previous quarter and we have seen very positive customer response to the pricing actions we have taken in that market. emily: we have the managing director of equity research, d

emily: i'm emily chang in san francisco, and this is "bloomberg technology." tesla aims to raise $2 billion in new capital after musk repeatedly said he no longer needed it. plus, microsoft's big bet on the cloud. we speak to the executive vice president. and facebook bans controversial right-wing personalities from its platform, saying they violated policies on hate speech and violence. first, our top story. last year, elon musk was certain tesla wouldn't have to raise any more capital, and now he has to change. tesla planning to raise $2 billion to replenish its cash. they filed to sell 2.7 million shares and about $1.3 billion in senior convertible notes. to talk about this, i want to bring in cross as it reporter luke kawa, and our analyst covering the company. why the sudden change of heart? >> tesla had a terrible first quarter. cash fell to the lowest position in three years. any executive wants a good buffer. it is scary to be close to the razor's edge, especially with projects in the docket. emily: how could musk have underestimated so much how much t

emily: i am emily chang and this is the "best of bloomberg: technology." where we bring you all our top interviews from this week in tech. coming up, trade showdown. the simmering trade dispute between of the world's two largest economies is taking a toll on markets and the global supply chain. has the tech cold war already begun? plus, a fork in the road, tesla continues to get pummeled. one company calling it a code red. can the company weather the storm? and amazon is working on a device that can recognize human emotions. is this the next breakthrough for voice recognition and ai? first to our top story, after months of predicting the trade deal, economists and financial institutions are growing increasingly pessimistic. the u.s. crackdown on huawei could make apples troubles in china even more difficult. they could take a big hit if china decides to retaliate against the united states. goldman sachs estimates a chinese ban on the sale could cut earnings by 29%. >> we think there is going to be an informal boycott of sorts. china is not fond of america

emily: the u.s. planning to raise tariffs on chinese goods on friday as a result of beijing backpedaling on some commitments. however, a chinese delegation will still be going to washington as planned this week with talks set to happen on thursday. friday, u.s. trade representative's saying they had been making substantial progress but now there seems to be a big step backwards. there are some other complicating factors here. security concerns are adding a layer of tension to the relationship between the united states and china. ian: that is absolutely one of the underpinnings. the semiconductor industry is getting what he wished for, but in a way that it didn't help it would happen. for years, arguing that chinese competitors have been unfairly taking advantage, stealing things, borrowing things. the trump administration has been pretty tough on that. action against companies, particularly while way. huawei. the net effect, what might that have been terms of our access to the market. the market is e

emily: i'm emily chang in san francisco and this is "bloomberg technology." mixed messages. the u.s. department of justice is leaning against approving a $26 billion merger between sprint and t-mobile while the chair of the fcc has endorsed the deal. we will tell you what is next. google is cutting off supplies and services to huawei along with a slew of u.s. chip companies. the latest on the saga of the blacklisted chinese telecom. tesla stock falls to its lowest level in more than two years as concerns pile up about growth. one analyst calls in a code red. first, to our lead. the u.s. justice department is leaning against approving t-mobile's proposed takeover of sprint because what the companies have proposed do not go far enough to mitigate antitrust concerns. shares of both companies dipped when the news broke but they finished in the green. chairman ajit pai said he will recommend approval. i want to bring in the reporter who broke the story, david. and peter in california. who has the authority, the fcc or doj? david: approval of both agencies is needed as well as sta

emily: the secret to sandhill road.e top secrets entrepreneurs need to know, and how can we make sure all people know these secrets as well? scott: you hit on it. that is why we wanted to write the book. we agree there is too much asymmetry in the business. my hope with the book as we open that up and help people understand what it means to build a vc. my hope is that encourages more entrepreneurship, not just different genders and ethnicity, but geographically. emily: scott kupor manager at andreessen horowitz with a new book out. scott: thanks for having me. emily: alibaba is considering raising $20 billion through a second listing in hong kong after a record-breaking new york debut five years ago. the deal would mark a merger victory for the hub, which rewrote its rules after failing to attract alibaba in 2014. we caught up with the chief executive in an exclusive interview to discuss. >> i am happy if this report is indeed correct, that they are planning to come. it is not aome, surprise to us. i have said when you

♪ emily: i'm emily chang.his is the best of bloomberg technology where we bring you the top interviews from this week in tech. the annual developers conference where they are doubling down on privacy. about a new book where she is investing in what she thinks the biggest priority should be for the tech industry. as apple attempts to branch out somervices and streaming, current and former employees think so. to our top story. it is the biggest ipo in years. uber made its public debut too much fanfare on the new york stock exchange on friday. i spoke with uber's ceo soon after shares started trading in new york. >> today is a tough day for the markets with all of the china uncertainty. no one knows exactly where that is going. you cannot pick when you go public. you can control how you execute a company. are you building a great service? are you bringing in happy consumers all over the world. we will focus on what we can control. we raise a lot of capital to invest and grow for many years. that is what we are fo

emily: i'm emily chang. this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, google hold its annual developers conference in mountain view, where it is doubling down on privacy. plus, melinda gates opens up. we talk about her new book, where she is investing, and what she thinks the biggest priority should be for the tech industry. and as apple attempts to branch out in services and streaming, some have forgotten about the customers at its once flaunted retail stores. some current and former employees think so. first, to our top story. it is the biggest ipo in years. uber made its public debut too debut to much fanfare on the new york stock exchange on friday. i spoke with uber's ceo dara khosrowshahi soon after shares started trading in new york. dara: today is a tough day for the markets with all of the china uncertainty. no one knows exactly where that is going. so you cannot pick when you go public. you can control how you execute as a c

emily: i'm emily chang. this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, google holds its annual developers conference in mountain view, where it is doubling down on privacy. we hear from an executive. plus, melinda gates opens up. we talk about her new book, where she is investing, and what she thinks the biggest priority should be for the tech industry. and as apple attempts to branch out in services and streaming, some have forgotten about the customers at its once flaunted retail stores. some current and former employees think so. first, to our top story. it is the biggest ipo in years. uber made its public debut to much fanfare on the new york stock exchange on friday. i spoke with uber's ceo dara khosrowshahi soon after shares started trading in new york. dara: today is a tough day for the markets with all of the china uncertainty. no one knows exactly where that is going. so you cannot pick when you go public. you can control how

emily: i am emily chang in san francisco, and this is "bloomberg technology." uber reports its first results but does not share guidance. losses widened to $1 billion. we have it all. facebook shareholders pressed for more checks on ceo mark zuckerberg's power. highlights from the annual investor meeting. disney's $1 billion star wars expansion is now open to the public, with record crowds expected at a galaxy now not so far away. we give you a sneak peek. first, our top story. uber reported its first quarter as a public company. investors are trying to digest the details. shares were up, and then down, and now back up 2.9%. the company meantime is putting some meat on the bones in the call, giving us a little color, reporting a $1 billion quarterly loss is expected but among the largest of any public company. more than lyft lost in all of last year. lyft also reported a loss in its quarterly report this year. uber did not provide guidance for the current quarter. in the call, the ceo talked about their advantage over rivals. >> our model allows us to acquire a

♪ emily: i am emily chang.his is the "best of bloomberg technology," where we bring you the top interviews from this week in tech. the annual developers conference where they are doubling down on privacy. plus, we talk about melinda gates' new book where she is investing in what she thinks the biggest priority should be for the tech industry. as apple attempts to branch out in services and streaming, some current and former employees think so. first, to our top story. it is the biggest ipo in years. uber made its public debut too much fanfare on the new york stock exchange on friday. i spoke with uber's ceo dara khosrowshahi soon after shares started trading in new york. dara: today is a tough day for the markets with all of the china uncertainty. no one knows exactly where that is going. you cannot pick when you go public. you can control how you execute a company. are you building a great service? are you bringing in happy consumers all over the world. we will focus on what we can control. we raise a lot of c

emily: what kind of m&a will we see?will see is focusing on new scenes, forever veryhises, but we have a wide-open approach. there's new categories opening categories,ime, new new markets like india and others because the global marketplace for mobile is so rich and powerful right now you can grow in lots of different ways. emily: what sort of opportunities do you see for zynga on google and apple's new platforms yet >> i think there's some underlying technology that we think will be great which is the streaming a cross-platform play. in terms of participating in their services tied to suspicions, i think you will see zynga go its own route there -- in terms of participating in their services tied to subscriptions. we will be strong growth drivers for the overall industry but not necessarily tied to apple and google. these will be industrywide. emily: there is a lot of change happening in the gaming industry. what is the gaming industry look like in, let's say, three years? >> i think you will continue to see strong doub

emily: what have you done? it is important to celebrate, showcase female accomplishments, whether athletic or culinary or musically or artistically, and not just be the male-dominated brand we were in our early days. it has been good for our business. but even more importantly, our tole brand purpose is celebrate all that is diverse and positive in the world and leverage gopro as a platform to inspire people to live positive lifestyles. to do that effectively, we have to be diverse in that celebration. emily: you mention you are open to selling the company. are you still open to selling the company? i work at bloomberg. i have to ask that question. nick: as the ceo of a public a publicevery ceo of company is opening to selling the business if it is right for the business and shareholders. this is not what i spent my days thinking about. we are focused on building the strongest, most profitable gopro possible, and i think we are doing a terrific job of that. emily: if i remember correctly, three kids? nick: thre

♪ emily: i'm emily chang and this is the "best of bloomberg: technology."oming up, google holds its annual developers conference where it is doubling down on privacy. we hear from a top exec. melinda gates opens up. new book and her what she thinks the biggest priority should be for the tech industry. and as apple attempts to branch out, have they forgotten about the customers and its retail stores? some current and former employees think so. first, to our top story. the biggest ipo in years. uber made its debut too much fanfare. i spoke with their ceo soon after shares started trading. day for thea tough markets. with all the uncertainty, nobody knows where it is going. you cannot pick when you go public, but you can control how you execute as a country that company. so we are going to focus on what we can control. we have raised a lot of capital to invest and grow for many years. the president to set the markets of flight this morning with his tweets. we've got trade talks on the rocks and there is a lot of red on the board. how much has to do with that a

♪ emily: welcome back to the "best of bloomberg technology." i'm emily chang.oogle is looking to make its line of smartphones more attractive to consumers with a cheaper price tag. this after an entire line of pixel phones failed to sell in large numbers. the newer models will range from $400 to $479. nearly half the cost of their predecessors. i spoke with the vice president and general manager of pixel, mario queiroz, about the new devices at the developers conference in mountain view, california. mario: the new phones are really exciting. what we set out to do is design a product at a much lower cost and then rely on our software capabilities to bring premium experiences to that lower price. and then to make a phone with premium experiences available at half the cost or half the price of your typical flagship phone, including our industry-leading smartphone camera. emily: so my understanding is that they are cheaper with the help of slower processors and cheaper materials. what is the argument to buy one of these over a cheaper competitor? mario: the argumen

emily: hello, i'm emily chang in san francisco and this is "bloomberg technology." may day. stocks have their worst monthly performance so far this year. u.s. stocks posting their biggest weekly slide since december. plus, retaliation. china will establish a list of "unreliable foreign companies" they say hurts chinese firms. ft still holding ground in the big apple. first, to our top story -- u.s. markets posted a dramatic slide today as global trade has spooked investors. the endt weekly losses of last year while treasuries rallied for the fourth year as the trump administration's trade spats are on multiple fronts. and the s&p had its worst month of the year. we want to bring in michael regan from new york. a lot of different things going on. where did we see the bloodshed? >> the bloodshed was widespread. nine of the 11 main sectors in the s&p 500 were down. theeally stems from surprise announcement of potential tariffs on mexico. no surprise that the president is ratcheting up the immigration rhetoric with mexico. u.s.-mexico-canada have a trade deal that i think most o

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology."merica's push against against huawei and 5g escalates tensions between the u.s. and china. chinese state media shows signs of a lack of interest in talks. markets are still on edge after two weeks of twists and turns. hp, a supercomputer maker with a deal of $1.3 billion -- we speak with the president and ceo of hewlett packard, antonio neri. they have stockpiled chips and components to keep the business running for at least three months as the u.s. curtails the access to america technology. president trump signed an executive order that is expected to restrict huawei and zte from buying essential chips and other equipment from u.s. companies. for reaction, i'm bringing in camille, the vice president of cybersecurity in washington. he was the chief counsel and senior advisor for the relations committee and senior counsel to the house intelligence committee. camille, a lot of u.s. companies are falling on this news, we are talking about companies like qualcomm and micron, debt supply, t

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next drivers hour, for uber and lyft turned off their apps on wednesday to protest what they say were declining wages at a time when both companies are raking in billions of dollars. how will the strike hit the companies as both enter the public market? plus facebook's blockchain bet. social network's secretive team now has 50 employees and may announce a new product, a type of cryptocurrency, later this year. and a new report says hackers co-opted tools of the nsa. how a china-linked group turned the table. but first, to our top story. it is a big week for uber. but the road to an ipo is often bumpy, and simmering tensions between drivers and uber are flaring again. drivers in major cities across the u.s. and u.k. went on strike wednesday over low wages and unstable conditions. the protests are familiar to anyone who followed the lyft ipo. in march, the company pitched itself to investors and protesters attempted to picket the roadshow. joining us now, the coo of fount

♪ emily: i am emily chang. this is bloomberg technology. facebook leadership under fire.he ceo mark zuckerberg has too much control? one person trying to change the power dynamic. nellie bob is considering a mega deal that will bring china's largest constant -- open a closer to investors. a second public listing. saysi founder and ceo there is no need for negotiation in the face of u.s. trade sanctions. more from our interview with huawei headquarters in shenzhen. facebook investors are looking to shake up the social media giant and with it, mark zuckerberg's voting power. but the proposal can't face without the support of the founder and ceo. one investor who has been tirelessly trying to push for changes, the ceo of northstar asset management which owns 12,000 shares. goodrich submitted a proposal for the fifth straight year suggesting they change their voting structure which gives zuckerberg absolute control despite owning a minority of shares. facebook has gotten itself into a lot of control over the past couple of years. we own as much as 50,000 shares over the time

emily: i'm emily chang in san francisco and this is "bloomberg technology." worsttocks among the performers after tweets by president trump appeared to escalate the trade standoff between the u.s. and china. after several high-profile debuts, the highest ipo in years is this week. uber's public offering. putting the app back in apple. the company looking at introducing a slew of new features at the developer conference. president trump fresh off saying that a trade deal with china could be coming within weeks is once again tweeting threats of raising tariffs. sunday, the president took to his favorite social media platform saying he's prepared to raise tariffs by this friday. apple stocks falling by the news on friday. chip stocks falling as well. micron, nvidia ending the day in the red. we have bloomberg tech resident apple watcher mark gurman. in the studio, ian king. roll.shares had been on a after they reported earnings, iphone sales stabilizing. is this trade issue the only thing driving apple down today? mark: i think so. i don't think there's anything

emily: yes. to specifically talk about uber, but i think if you look at the recent -- one thing that stood out to me is the companies that have more ability to make money or have more probability of making money versus the companies who will have to raise the company again in the future. or potentially have to raise the money in the near future. i think it makes sense. we are in an economic cycle. you don't probably want to write unlimited checks to companies. so i think if you look at some of the companies that are profitable, like zoom did really well. companies that are actually not making money and have no near-term profitability did not do very well. i think the market is telling these companies that look, you have been around for a long time. at some point, you have to make money. emily: so do you think then there is a sort of reckoning coming for tech companies in particular, which have historically gone to market without being profitable? amazon is one of them. imran: yeah, but look. amaz

emily: i am emily chang in san francisco, and this is "bloomberg technology." trade show down, the simmering dispute between the world's two largest economies taking a toll on markets and the global supply chain. has a "tech cold war" already begun? tesla continues to get pummeled by bears, one of them calling it a code red. can the company whether the storm? and facebook reveals it removed over 2 billion accounts at the start of the year. why are the numbers of fake accounts rising? we speak exclusively to the person heading up this issue, facebook vice president monika bickert. our top story, stocks slumped globally thursday as the world's two largest economies hardened their trade war stances, with chip stocks hit the hardest. we are joined by sarah mcgregor in washington, sarah ponczek in new york. i have the world indices up on bloomberg. all of them in the red. tell us where the most damage was. sarah p.: where we continue -- sarah m.: we continue to see a large selloff in energy stocks. we saw oil being killed today, down about 5%, taking energy stocks w

emily: pretty amazing.oined goldman sachs as an investor in 1984 working in new york and san francisco before leaving in 2000 to focus on enterprise software. bringt guest wants to back the joy of online shopping and compete with amazon. is it possible to shakeup a market that is always so dominated by one -- already so dominated by one major platform? , aant to bring in imran khan longtime investment banker at credit suisse. it has been a wild. i -- a while. i am sure you have been thinking a lot about what you wanted to do next. why this? >> e-commerce is now only 9% of the total retail market. i believe over the next decade, 30%-40% of all retail will be online. there are not that many consumer choices when you look for products or having a better experience, or a better way to discover products. we think there is a lot of opportunity to innovate. if you look at markets like china where 25% of the market is there is more in china than in the u.s.. i think there is a better way. emily: you obviously focus

i'm jesse waters with emily compagno, emily, juan and greg. it's 5:00 in new york city and this is "the five." a battle over impeachment playing out in washington d.c. the president blasting democrats for their latest conspiratorial attacks. he was supposed to be with chuck schumer and nancy pelosi to talk about infrastructure. right before pelosi said this. >> it was a very positive meeting of respectful sharing of ideas. would you believe that it's important for -- to follow the facts? we believe that no one is above the law, including president of the united states and we believe that the president of the united states is engaged in a cover-up. in a cover-up. >> jessie: after that stunt, trump decided to who up the meeting by calling out schumer and pelosi to their faces and walked away. he headed to the rose garden with a visual where he laid into democrats. >> all of a sudden i hear last night that they're going to have a meeting before this meeting to talk about the i word. instead of walking in happily into a meeting, i walk in to look

>> emily: no. everything there i think he can tie back to his two-pronged messaging and also that biden is the establishment candidate. so he's going to say, for example, like pennsylvania is still in a disaster declaration for the opioid epidemic. they can be tied to the southern border crisis. can it be tied to china. there's so many things that trump can tie it into and say what has biden done for you the past 40 years that he's been serving this entire country? something that he has on his side and that will resonate and going back to there's older voters in this audience and it resonated when he said there was the exodus since then and it happened under biden's watch. >> dana: greg, what do you think about president trump treating joe biden as the frontrunner? good idea at this point? >> greg: i guess so. i don't know. it's still too early. how anybody with experience will be haunted by the ghosts of infractions past. i liked old biden. when i was with him on immigration and with him on crime.

emily: i'm emily chang in san francisco and this is "bloomberg technology." drivers for uber and lyft turned off their apps on wednesday to protest what they say were declining wages at a time when both companies are raking in billions of dollars. both companies enter the public market. facebook's blockchain bet. employees and may announce a new product, a type of cryptocurrency, later this year. a new report says hackers co-opted tools of the nsa. how a china linked group turned the table. first, our top story. a big week for uber. ipo is oftenn bumpy and simmering tensions are flaring again. across in major cities the u.s. and u.k. went on strike wednesday over low wages and unstable conditions. in march, the company pinched itself to investors and the company -- and protesters attempted to picket the roadshow. joining us now, the coo of fountain, a company that works with gig economy companies. tech'sth us, bloomberg eric newcomer. how big are the protests and where are they happening? eric: this is all over the world, designed to really draw drivers ahead

♪ i'm emily chang in san francisco and this is "bloomberg technology."uellercounsel robert leaves a foreboding warning about systematic efforts to interfere in the 2016 u.s. election. tech was their weapon. how well-prepared are we to prevent it from happening again? american companies are rushing to boost the supply of rare to locks china looks the supply to the united dates. these minerals are critical. it has been a rocky few weeks for uber since its ipo. what investors are watching. first, to our top story. u.s. special counsel robert mueller breaks his silence about the russian investigation. he said if he and other investigators had confident the president clearly did not commit a crime, they would have said so. before stepping away from the podium, mueller did have one last important message about russian interference in the 2016 election via social media. : i will close by reiterating that there were multiple systematic efforts to interfere in our election that allegation deserves the attention of every american. inly: joining us to discuss dalla

>> emily: yes, that's my car.loved cars but not muscle cars so i grew up going to car shows but he had a different appreciation for a different style. >> dana: you are doing it for a good cause. great show, good way to start the week. never miss an episode of "the five." "special report" is coming up next. >> mike: thank you very much. this is a fox news alert, i am mike emanuel. president trump loses the first round of a court fight with his financial records. they ruled in favor of house oversight committee democrats want to look at the presidents information. he had tried to block a house the peanut of the documents, all this comes as tensions rise over potential conflict with iran. rich edson has at the white house tonight. >> in the house oversight committee, they want ten years of the presidents financial records for the white house because that comey overreached. the federal judge justice agreed to. this will likely be played out among several of our fights between the white house and