failed joinedreen emily chang last week along with david kirkpatrick. -- linda thomas greenfield joined emily chang last week with david kirkpatrick. >> they skipped a lot of steps to get to where they are today. >> i would describe technology as thriving. an interest in improving access to technology. one of the areas africans skip over technology is in the telephone technology. they never had land lines in an expansive way. the use of cell phones became popular. bankingook the lead in via telephone and communications

we want to go to emily chang standing by with satya nadella and jeff weiner in mountain view. y: thank you. -- say like to save well welcome to our viewers and listeners on bloomberg radio. satya, you started more serious discussions a few months ago. why did you decide this, why now, and how much does the price drop have to do with it? toomey, emily, this is a pretty exciting day. it's about really bringing together the professional cloud, which is the core of microsoft and the professional network. the dream we always had was how can we connect he's two worlds so our mutual users can get their work done more seamlessly. that is the vision. verynk it's transformative. i happen thinking about this for a while. once we started talking about the possibilities all of the product and coming together on that has the full combination to accelerate what we both wanted to get done to drive this next phase of growth for us and that's what led us here. jeff, it was about the same time you and i had an conversation about how big you think the future potential of linkedin is. why would you

he's joined by bloomberg's emily chang, who is of the global entrepreneurship meeting. y: nice bump in the start this morning. -- stocks this morning. how do you get to that level of profitability? levelhow do i get to the -- you mean the new guidance we provided the reduce our loss? emily: exactly. the modular business had gone really well. the modular business, 53%, which is about 50% a year ago. a software becomes a bigger part of our business, our margins continue to move up. it's a principal reason of why we could do a much better -- on the profit side. emily: you are adding software to the handset unit. how many funds do you need to sell to get to profitability for that unit by the third quarter? john: it's a little bit different. i'm taking a lot of our software and i'm licensing to device manufacturers, people not only make phones, they make other stuff electronic. in doing so, the margin changes quite a bit. it is no longer how many hardware you sell. i talk about 3 million. if it's just being in hardware itself, 3 million will get us there. bet number doesn't h

emily chang. she has never driven a scooter. that is the world's first electric connected scooter. it gets to 30 miles with one charge. a lot of people care about climate change. this is the way you participate. >> what has been the reaction to your wares? interestjority of the has been in larger scale systems. the response has been positive. it has been waiting for the first point of this off grid household to afford a product like ours and to see the scale before the ministers. >> coming up, the u.s. ambassador with extensive experience in africa joins us with a big disruption taking place there. >> some of the biggest names in last year's summit was held in kenya. failed joinedreen emily chang last week along with david kirkpatrick. -- linda thomas greenfield joined emily chang last week with david kirkpatrick. >> they skipped a lot of steps to get to where they are today. >> i would describe technology as thriving. an interest in improving access to technology. one of the areas africans skip over technology is in the telephone technology. they never had land lines in an expansiv

♪ >> i am cory johnson in for emily chang and this is the best of bloomberg west.oming up, ridesharing startups are duking it out over cooper announcing a three and a half billion dollar injection from the saudi find, and we will catch up with lyft's chief business officer. we will take you through mary meeker's predictions of the future of the internet. isest monfils tell us why he spending big on tech. first, $9 billion and that is just the start. billion has been invested in the ridesharing industry since 2015. there is more to come. big rival and chinese says it is closer to closing a bigger around. out, they are duking it the face-off between uber and lyft. corporate customers. more recently with an endorsement from apple we caught up with the lyft chief executive officer. long had a very consumer friendly reputation. it invented the p a two. model. desk. two. model. -- peer to peer market. i think they are saying, we can grow here. >> what is the appeal of the business market for lyft that seems to have a consumer focus? >> it is a huge market, first of all,

emily chang is standing by with another of her big interviews there today. emily?k you, betty. entrepreneurship is a major theme at the summit. also, how you can get through problems that arise as an entrepreneur or, how you can also solve the problems of tomorrow. nobody has dealt with these problems more than 23 and peco anne wojcicki. she has had a widely publicized problems with the fda, although they have really weathered a lot of those issues. she also came out along with a group of tech ceos, business leaders supporting hillary clinton for president of the united states. stone andnd i -- brad i interviewed her. take a look at what she had to say. to makethink it is time it clear, hillary is going to point this country in the right direction. there has never been a candidate that will potentially enter the white house with as much experience as she has. i think she will do a phenomenal job, and it is important to show that there are women business leaders who are strongly supporting her. on thegive us an update regulatory issues. are you completely through th

i think that will be a significant change. emilya lot of folks on twitter were excited about the changes to messaging. some of this could seem gimmicky, invisible ink, making it easier to emojify a message. i wonder how potentially groundbreaking these changes could be, when there are so much change going on in this space. cory: you know, i agree with you. i was not actually watching twitter or watching the keynote. i was multitasking. as you know, the things going on in china with wichat are more involved. there is a bit of catch up going on. they showed off bigger emojis for old folks like me that cannot see. apple has made this a software thing so you can type regular sentences and figure out which ones you can replace with emojis. i think that will get traction. emily: i need more support when it comes to emojis. i appreciate that update personally. i could use help. what about apple pay? how much stronger does the update make apple pay? can they take on paypal at this point? cory: this is a serious competitive threat to paypal.

emily: that was my interview with instagram ceo and cofounder kevin systrom. coming up, a monumental vote could change the european union. we will break down the potential brexit impact on venture capital here in silicon valley. ♪ ♪ emily: mayors from 10 global cities are working together to regulate sharing company apps like airbnb and uber. guidance could come as soon as i told her. our reporter has been following -- as early as october. our reporter has been following this story from paris. >> companies in the so-called sharing economy have gotten used to dealing with regulators around the world from france and the u.k., all the way to india. they have had regulatory challenges, pushback from different industries. we are seeing mayors from new york to paris teaming up to work together and come up with a common response to companies like airbnb and uber. that's going to be a change for those companies. they are used to dealing with these cities on a one by one basis. emily: our reporter reporting from paris. staying in europe, this thursday, britain decides whether or not to stay in the european uni

they will be able to bring those emily: how does it change the emily: how does it change the togetherteresting ways. landscape for other companies? marc: we see more m&a activity happening in the pipeline. we see more deals in negotiation or consideration now that we have in four years. i think that is typical. i think what happened -- one of the things that is the markets ebb and flow. a lot of public companies set back and watched the drama play out in the valley and the constant drumbeat of bubble, bubble, bubble. there are a lot of yields and acquisitions that should happen that did not happen. now what you find our big companies, most big companies have -- have done well. they have piled up lots of cash and have good as this is an they -- very good businesses, and they have to go shopping to fill gaps in their portfolio. they can go shopping and by -- and buy these companies. i think it is indicative of what will be a series. there are not many this big, but there will be a run of m&a this year and next year emily:. who is going to buy and who is going to get bought? >> i think t

i'm emily chang.e smartphone market and the state of play in india, the country attracting attention as the second largest market for smartphones after china. apple ceo tim cook was there last month, looking to break into a market now dominated by more affordable local brands. one such brand is micromax. micromax has big expansion plans for the coming years. satmberg's asia reporter down with him. the phenomenal opportunity of upgrading smartphone users and on the smart one, on the technology side from 3g to 4g. if you look at the upgrade cycles, they are shortening in india. knowledge, of our the lifecycle of a mobile phone in india is less than 15 months now. on a 700 million connected user base with activated sim cards, we are talking about 500 million mobile phones. potentially the entire industry has 100% upside. prices are going south year on year. we have the data in the public domain. everybody is wanting the next users to get the internet on the mobile phone. >> that's an opportunity for you.

david: emily chang out there at the entrepreneurship summit. r this hour, we go back to emily interviewing john carlson of strike. vonnie: making money on emerging markets, strategies looking six months down the road. ♪ ♪ marketshis is bloomberg , i am david gura. is time for the insight with ramy inocencio. ramy: we have the chief market strategist at bull's-eye options, joining me from the cvo week in chicago. very good to speak with you. markets are up, session highs, seeing a lot of rallying and optimism. we are not allowed to talk about the u.k. and the referendum because of their laws, so let's avoid that. i want to push ahead what might be the next milestone event you are looking ahead to to see what to get tape -- what could dictate the markets. >> the next event, the earnings obviously. we have two weeks, so it is important to talk about what the market didn't do as opposed to what it did. in the last week we saw a spike since vix, the highest february. and then, in reverse. we had a reversal of volatility, gold, new highs, and personal

emily chang is standing by in -- in go -- and santos go san francisco. ily: meg whitman joining us in las vegas. great to have you back on bloomberg. you told me a year ago that turnarounds are often harder than you expect. i wonder, what has been the case so far with hpe post-split? fabuloussplit has been -- when technology is moving at lightning speeds, it is imperative to be smaller so we can go faster. as twobeen easier separate companies than it was under one big company. hewlett-packard enterprises, we are happy and our shareholders are as well. emily: do you see others following that model, that leader is better or going the dell route, bulking up? meg: depends on the company, the leadership. we've seen a lot of divestitures and carveouts in the last 12 months. people are realizing that with the pace of change in every industry, you have to be fast. the future will belong to the fast. we thought it was important to get smaller. -- wehose to get bigger decided to deliver the company -- delever the company. we chose to invest in the internet of thing

. ♪ emily: i'm emily chang. this is "bloomberg west."oming up, could brexit cast a shadow over business in the cloud? we sit down with the ceo of box, and how he's preparing for a european split. plus, one of the countries -- companies pioneering analytics to see how smart software is driving up satisfaction. this week, bloomberg is taking a deep dive into the world of pharma. developing a solution to peanut allergies. first, u.s. stocks rallying, paring losses post brexit as the market shows signs of regaining footing. tech stocks were among the winners. let's bring in remy innocence you in new york, standing by. >> basically, stocks rising for a second day in a row, after two days of losses post exit. the nasdaq was the biggest gainer, around 1.9%. that is higher than the lows in the past six days. it was a broad rally led by energy, similar to what happened yesterday. rose 3%.se -- khalil the financial sector was also the second-best performer. with the gains today, i want to sort of rollback the hands of just before brexit, it. in th

. ♪ emily: i'm emily chang, and this is "bloomberg west."oming up, will they stay or will they go? we will examine the potential impacts of a brexit on the tech industry. and musk plays defense. the billionaire having a hard time selling his $3 billion proposal for a tesla-solar city merger. we will break down why some investors are skeptical. the global entrepreneur conference kicks off. ahead with our interviews are john kerry and reid hoffman, we will hear from steve case. but first, to our lead. britain is on the brink of a monumental decision about whether to remain in the european union. campaigners issued 11th hour appeals in the so-called brexit debate with london mayor calling up the fight of our lives. his predecessor calls it the last chance to take back control. polls waver between a dead heat and narrow lead for each camp. joining us now to put it all into perspective for tech investors is alex webb who , recently relocated here from southwest england. and angela mclaughlin, who has backed or than a dozen u.k. companies and is a

mark: mark andreessen speaking with emily chang.e should add that bloomberg lp is an investor in andreessen horowitz. we are literally 10 minutes away from the european close. it is 4:20 in london. coming up, that love the charts, i will be looking at sterling versus the dollar. how much could it all if brexit materializes? ♪ our globale now for battle of the charts, where we look at some of the most telling charts of the day in with they mean for investors. you can access these charts on the bloomberg by running the function features at the bottom of your screen. kicking things off today in london is mark barton. eight days before the referendum here. we have asked 32 economists what happens to sterling. let's talk about the brexit scenario. the median forecast is if this if brexites -- materializes, and 8% decline from current levels, the biggest decline ever. ,nclusive of the erm debacle black wednesday. we are talking the financial crisis. 32 say sterling is going to fall a low 130 and five of the 30 to say is going to fall to 1

vonnie: you can catch emily chang weekdays at 3:00 p.m. eastern.view ceo for birch desk. ♪ ?c+sv ♪ >> it is 3:00 p.m. in new york. welcome to bloomberg markets. roadbloomberg headquarters, i am betty liu. vonnie: and i am vonnie quinn. janet yellen warning to not overreact to the weak jobs report. she was saying gradual rate hike could still be appropriate as the good outweighs the bad in the economy. u.s. stocks are kicking off a week now in green at the s&p is trading at the highest level since last july. and a bloomberg exclusive. vonnie: our interview with jack results for his chinese officials. why he is calling on china to improve monitoring policy communications. we are an hour now from the close of trade and i want to head back to the market desk where ramy has the latest

i'm emily chang.blood bath in the markets as investors try to make sense of britain's vote to exit the e.u. tech stocks not immune. we'll go to new york to break it down. a rollercoaster of a day. break it down for us. >> sure will. earlier of course we were hearing from corey johnson talking about u.s. tech stocks. i want to take you on a little tour of what's happening elsewhere around the world starting over in japan. of course everyone thinks of technology, thinks of north asia and japan looking at kenan for example it gets about 80% of its sales abroad about 20% of its revenue directly from europe. the company says that for every one yen movement it gets hit by about $38 million when it wants to repatientary at earnings so it's been hurt by about $150 million in terms of profits. the share price has been falling and it's been seeing a loss of about $2.7 billion in terms of market cap. hitachi a similar story. one yen cuts about $50 million there and their share prices lost about $450 million ther

emily: what do you make of this change?> i think it is exactly what r guests have spoken about and that is about diversifying the supply base. if you have an opportunity to do that and intel can meet the specs, you should do it. it will help pricing and keep suppliers honest. it makes a lot of sense. what i have heard is it sounds like it is more at&t, something like 20 million units. emily: ian, are the risks to -- are there risks to putting new chips and a phone when you have so much pressure to perform? ian: some of brian's counterparts elsewhere have said qualcomm is still miles ahead of intel in terms of performance of its parts, so by going with what is, in theory, not the best part you could have out there, apple is taking a risk. however, i mean, apple is not going to put a part out there that has not been tested. and the net weight -- network operators, as well. any phone has to go through a convoluted testing process. it is hard to imagine that we will see a phone that is not any good any time soon. emily: what ar

tom: the secretary of state with emily chang and brad stone.miral, you have been way out front in this discussion. way out front of me. how is our budgeting of cyber security? are you guys broke in terms of getting smarter on this to defend america? adm. stavridis: i always say that cyber is the biggest challenge we face. if you think about what i worried about as the supreme allied commander in nato, it was iraq, syria, libya, the balkans, piracy, etc. was kept me awake at night cyber. our level of preparation is completely mismatched to the level of threat. we have to put much more emphasis on cyber defense, everything from protecting our secrets to guarding our infrastructure to ensuring our financial networks, the heart of your show, are well protected against daily, massive attacks. francine: who hacks the most or who hacks the best? how much knowledge and intelligence do we know about these groups? adm. stavridis: we have a pretty good idea about a wide variety of capability. i would put russian cyber activity at the top of the list. i wo

emily chang, and she loves the ride. she has never driven a scooter. world's first connected electric scooter. it is made here and the united states in michigan. it gets to 30 miles with one charge. it can be completely powered by solar, and so it can be 100% from source to wheel. cory: is the idea to present to these people as they gather in san francisco and say, the solution is already here? ofexactly prayed a lot people in the united states and around the world, they care about climate change, but they don't know how to participate. this is a way you participate. cory: you can participate by driving a humvee and smoking cigarettes. this is a way to participate positively and cost-effectively. cory: what's going on in california? >> california has been a champion for a long time, since the 1970's. moving towards net energy buildings by 2020. building a new home come 2020, it will produce more power -- i build a new house the ago and the energy requirements were significant. >> it is continuous improvement and it ratchets up so next time, the buildin

withe: john kerry speaking emily chang.p in the next hour, the cofounder of strike will join us here. ♪ david: it is 3:00 in new york, 8:00 in london, 3:00 a.m. in hong kong. vonnie: welcome to "bloomberg markets." ♪ from bloomberg world headquarters, good afternoon, i'm vonnie quinn. david: is where we are watching. stocks are higher, dow is up triple digits. the s&p 500 within 1.2% of its record. need a tesla is going to lot of batteries to be its production goals, but it is working with china to find the materials it needs. cannot get enough? strike will beof here to talk about the financial tech industry. away from are moments the close of trading in the u.s.. let's go to the market desk and get the update from ramy inocencio. toy: stocks are raking back session highs. 1% gains for the dow and the s&p 500, nasdaq up even higher. 1.25%

vonnie: how thanks to "bloomberg west" anchor emily chang.oomberg west" tonight at 6:00 p.m. eastern. pincusoming up, a former managing director joins us in new york. ♪ david: it is 8:00 p.m. in london , 3:00 in new york, and 3:00 a.m. in hong kong. vonnie: this is bloomberg markets. david: fallout from the brexit vote both politically and financially. ♪ i'm matt miller. vonnie: i'm vonnie quinn. david: i'm david gura. here is what we are following this hour. stocks continuing to slide after the brexit code -- vote. vonnie: we hear from william janeway on the consequences and the wake of the vote. thinking has the fed's changed? we dive into that question at the bottom of the hour. but first u.s. markets will close in one hour and we are at session lows. let's head to the markets desk. >> we are indeed just about at session lows. these are the numbers with the

moments, emily chang will take the stage with mark and recent -- mark andreessen. let's join them now. have been in we this slow, grinding recovery will stop we started the recovery in 2005 or 2006 and then we had this financial crisis thing happen and that set us back again. recovery for slow the u.s. economy as a whole and i think it has been a slow recovery for silicon valley. -- i don't know that there's anything that unusual about what is going on. good companies are getting funded and good products are doing well. are very big. markets are much larger than they used to be and the winners are bigger than they ever were before, there's a lot of normal going on which is just very sharp people starting companies and joining companies and loving interesting new products. the basic model or how to build these companies is largely unchanged. emily: let's talk about linkedin going over to microsoft. mark: that is a valid sound effect. [laughter] study ofis a great what silicon valley does. i was lucky enough to be an angel investor when reid hoffman was starting it w

thanks for watching bloomberg television. ♪ ♪ emily: i am emily chang and this is the "best of bloombergt adds linkedin to the professional network and we speak with the ceo about one of the largest acquisitions in tech history. apple's blueprint for the next generation. the tech giant renews its commitment to the tech giant at the conference and ask developers to get in on siri. and the must watched moments from the bloomberg tech conference.

emily: why the change of heart? tom: we listened to our customers.n they tell you something again and again it is exciting to go, we hear you. intellectually everybody understands uber is available. emotionally if you have that early morning ride to the airport, you feel better knowing it is taken care of. emily: as a customer i very excited about this because of that emotional reaction. lyft said they started testing that before you came out with it. tom: this is something people have been asking for a while and it is nothing new for us. we have been working on getting it exactly right so it is extremely reliable. emily: how much additional business do you think this will drive? tom: a lot of drivers tell us they would have taken and uber car but because of the emotional endurance they did not. maybe you have a meeting that will be ending at a certain time. those are the folks that will be using this feature. emily: is there a number you put on it? tom: not right now. emily: how do you balance the ride schedule? tom: that is a great question. from t

secretary of state john kerry speaking to emily chang.atic congas meant jared huffman will join us to discuss the 25-hour set-in on capitol hill. scarlet: this is bloomberg markets. ♪ e welcome to bloomberg markets. from world headquarters in new york, i am david gura. vonnie: and i vonnie quinn. david: u.k. vote is going to the polls to cast their votes on eu membership. we will be following all the action throughout the day, special coverage. vonnie: warning signs from the fed. 2% gdp growth. it appears to be speaking the market. congressional democrats hold a sit-in to demand gun control legislation, and across the street, the supreme or devotes a for affirmative action and against president obama's immigration laws. markets close in two hours. let's get the latest from remy.

i am emily chang in san francisco. manus: a great round up by emily.'ve gone to bloomberg intelligence. they have run the numbers to see who gets what. this,med, take a look at these are some of the stats. for hundred 33 million users from linkedin. 7 million active job listings and 2 million pet subscribers. standpoint,rategic it seems like a natural extension of microsoft's business. from a financial standpoint, microsoft is sitting on a load of cash. it has $100 billion in cash. it needs to put that to work. it is quite amusing that it is called an all cash deal. it is an all debt deal. the multiples they are paying are potentially excessive. this is very much on the prospect of integrating the business successfully, which as was noted, could be a challenge. anna: this is reid hoffman. just got $1 billion richer. boosted by this approach by microsoft. you talked about the tax advantage. a great story on bloomberg about how this means they do not have to repatriate some of their cash. it could bring down future tax bills. this isn't really the reason

emily: i'm emily chang and this is "bloomberg west." coming up, elon musk makes his latest play. tesla offers to buy a rooftop solar company where his cousin is ceo. does it make sense? we will discuss. sat down with the ceo of instagram to talk about unprecedented growth. can china's largest internet company become a global player? nearly $9pony up billion for a stake in tencent. the largest shareholder of tesla and solar city. $50 aosal in the range of share is in the works. shares up on wednesday. musk says the basic message is that there is a huge opportunity to have a highly sustainable energy company. is surging in after-hours trading on the news. for more details, i want to bring in our editor at large, cory johnson. y: they want to cover everything from the creation of energy to exxon mobil, maybe. this is a strange thing. in one companyng to bailout another company that has fallen substantially in the last year. just a look at the numbers shows how crazy this is. if you look at the cash tesla has on hand and throw in the debt, you have a company that cannot afford solar

. ♪ emily: i'm emily chang and this is "bloomberg west."lon musk takes shareholders down memory lane at the annual meeting. we will bring you the details. uber gets a million dollar credit line from wall street. it may help the company grow but how do drivers deal? -- feel about it? the white house looks to sponsor entrepreneurship in africa. we will speak to the assistant secretary of african affairs for more details. the tesla shareholder meeting is underway in mountain view california. elon musk treating investors to something different -- a look back at the history of the company, it's beginning, it's motivation and the story of what has happened over the years. >> we always try to do the right thing. we care about that. when we make mistakes, it's because we are being foolish or stupid or whatever. it is always made with the right motivations. emily: this walk through tesla's origin story comes a time when the company is trying to meet an ambitious production schedule for its model three. many analysts have said getting it right is lik

. ♪ emily: i'm emily chang and this is "bloomberg west."he former apple exec you invented the smart thermostat is stepping down two years after our event bought it than $3 billion. a shockingly bad jobs report. employers pulled back to the lowest levels in six years and more workers go part-time or give up altogether. how hiring in the tech industry can change the numbers. a stagnating smartphone market -- we sit down with one of the rising stars, the micromax cofounder. first, to our lead. tony fidel is stepping down as the head of the company he founded and sold to google two years ago. in a short and unceremonious statement, fidel said he would leave the company immediately and be replaced by former executive at motor run a mobility, where he served as ceo of motorola homes. in a blog post, fadell said this transition has been in progress since late last year and while i won't be present day today, i will be involved in my new capacity as advisor to alphabet and larry page. nest employees have publicly vented frustrations with management

david: that was emily chang with vmware ceo pat gelsinger. red across the board.everal of the s&p sectors in the red and have been for most of the day. i want to look at some positive movers. come upat alibaba group by more than 3%, the biggest jump in the past three weeks and china's largest e-commerce company said they will see revenue growth rising to 48% in 2016. analysts were expecting 40%. compare that to what happened last year, it was 30%. some of their strategy includes expanding into cloud, especially into new markets and rural areas inside the country. let's take a look at the solar panel industry. green energy at session lows. still higher on the day come up by more than 2%. the company reported its first profitable quarter ever since 2011. it reached agreements with some of its lenders saying it is renegotiating its interest rate. this comes after defaulted on $200 million of debt -- david: ramy inocencio at the markets desk. learn how to shoot a three pointer like steph curry. and out start a promising to teach you just that. -- and alabama start a p

scarlet: thank you, emily chang. an exclusive interview.l have much from the bloomberg tech conference including a conversation with an investor. scarlet: this is "bloomberg markets." ♪ david: it is 2:00 p.m. in new york and 2 a.m. in hong kong -- 2:00 a.m. in hong kong. ."lcome to "bloomberg markets from bloomberg world headquarters in new york, here's what we're watching this hour. stocks falling for a fourth consecutive day as brexit concerns heat up. our guests include austan goolsbee oil also pulling today -- austan goolsbee. oil also falling today. we are live at the bloomberg technology conference. among our guests this hour. markets close in about two hours time. ramy: fear is definitely in the air today. markets at session lows right now. down on the order of abo

emily: that was bob iger. with bloomberg's tom mackenzie. how larry page plans to changeing commute by looking to the skies. that is next. ♪ emily: tesla is bringing back a less expensive version of its sedan. it will be known as the model x 60 and will go for $60,000 before tax credits. the previous model was disc it -- was discontinued lasted gear. -- discontinued last year. the move is and not to customers who have expressed interest in the model that needed a more affordable price. the $35,000 car, model three will not ship until late next year but it already has more than 370,000 orders for it. silicon valley is serious. serious about flying cars at least if larry page has anything to do with it. the plans were revealed. it took a long time to break this story. you are working on it for a long time. larry page has kept this a total secret. >> a couple of years ago, we started hearing about one of these companies down in mountain view. there were reports that google was involved. i business week colleague both have tremendous interest in this sort of geekery. we were

i'm emily chang and this is "bloomberg west." we will examine the potential impacts of a brexit at tech industry. and must lay's defense -- having a hard time selling his $3 billion proposal for a tesla-solar city merger of we will break down why some investors are skeptical. the global entrepreneur conference kicks off. with john interviews kerry and reid hoffman, we will hear from steve case. but first to our lead. britain is on the brink of a monumental decision about whether to remain in the european union. campaigners issued 11 hour appeals in the so-called brexit debate with the mayor of london calling up the fight of our lives. his predecessor calls it the last chance to take back control. polls waver between a dead heat and narrow lead for each camp. joining us to put it all into perspective is alex webb who recently relocated here from england. -- it iseporter back incredible to even believe we are at this point. what does a brexit mean? there are so many huge things that could happen here. businesses and venture capital

. ♪ -- emily chang.pple puts qualcomm chips on hold for intel p or we will discuss what it means for the three tech titans. gawker tagged out. the website has enforced into bankruptcy, it appears. tech forecaster says a car will soon be the smartest thing you own. we will reimagine the future of your commute later this hour. days before apple's annual developers conference, the iphone maker announces a major change a month suppliers. -- amongst suppliers. the next iphones will use modems from intel, replacing qualcomm chips. qualcomm closed down 2%. they will be used on at&t u.s. network and some other version of the smartphone for overseas markets. iphones on the verizon network will stick with qualcomm cards. this is three days before the developer conference. what upgrades and announcements can we expect, and will they reinvigorate iphone sales? joining me are ian king and alex webb and a senior technology research analyst with drexel hamilton. why did apple pick intel? ian: they have not really annou

you do not need to change the social network, but you do need to bring these things together seamlessly. emily: linkedin could not grow as fast as the market expected this to grow. you are saying this deal increases microsoft's market by 58%. what is the change in strategy? how does microsoft help linkedin grow faster than it was before? >> part of the beauty of the deal is the alignment in terms of purpose, what we are trying to accomplish, the value we bring to individuals and customers. it is so strong that this is very much about sticking with the path in terms of the mission and vision, and amplifying it across the microsoft ecosystem. emily: the key here is integration, what will the process be like and how do you make sure this does not turn out like nokia or to some extent even skype? >> when i think about acquisitions i think about, is this something that will be expanding our market opportunity? is this writing the technology wave of the future and is it at the core of microsoft? this checks all of those boxes. when it comes to integration we want to try a different approach. that is

emily: how will the fed not changing rates impact tech investing? guest: we are seeing rallies tax off anyhe fed kind of normalization. i think the big picture is said and global central banks have forced people into risk assets. generally that's pretty good for tech. public tech does somewhat well and private tech, pre-ipo tech does well because if you force people to take more risk, what's more exciting but risky than private tech question mark my fear is we've seen the federal reserve hold off so long that people are starting to get nervous that this recovery is not recovering better or that the fed has no dry powder if things go wrong. i think we're getting close to the end of this being helpful, but it is helpful now. curious what you think the impact will be on ipo's. people who bought -- rationality is returning. companies rather than raising money on what they might do will be raising money on what they have done and you will humbly see more ipo's in the next 18 months then we have seen, which has basically been zero over the last 10 months.

. ♪ emily: i am emily chang, and this is "bloomberg west." ily: coming up, meg whitman takes stock. it has been eight months since the hewlett-packard enterprise ceo oversaw the historic that of hp. plus, if she is not supporting truck, will she endorsed hillary clinton? amazon raising the stakes, is it -- we will discuss what it means for local competition. and fiat's tech of section after -- obsession, partnering with google to build a fleet of self driving minivans. the company talks with uber about a driverless car partnership. hewlett-packard enterprise is holding its annual discovery conference, the first since its split into two separate companies. withnnounced a partnership ge with the companies will work together on the internet of things. we caught up with ceo meg whitman and asked about everything from tech m&a to donald trump and if whitman herself will ever go back into politics. we began on just how the company is faring, post-split. take a listen. whitman: i have to say the split has been fabulous. in this day and age when techn

. ♪ emily: i am emily chang and this ." the rise ofwest the machine. robot revolution is headed towards us and tech will replace 80% of what doctors do. we will have a series on man versus machine. uber switches gears after announcing it had no plans in the pipeline to offer scheduled rides. they can now book 30 days in advance. prepares for takeoff. the lid is off the googles cofounder's pet project. we have the details of his flying car. to our lead. replace up tol 80% of physicians, what physicians do in the near future. this is according to billionaire investor the note coast of. and cofounder of sun microsystems. i sat down with him at the future mobile conference earlier today for an exclusive interview and asked him to explain that prediction. vinod: i wrote in 2014 a blog. it basically said -- more than 50% of all jobs that exist today will be dislocated in 40 years, roughly. 40% of 80% of the jobs, i do not know. past could not replace human judgment and now, we will. is a stunning example of what people would say machines can do. and alpha go

. -- scarlet: emily chang joins us from san francisco, along with jeff mccracken. emily, what did you learn? they want linkedin? and why now? emily: what a deal to talk about a deal to talk about on merger monday. the first huge deal under the o.crosoft io -- e. adding 58% to the addressable market, according to microsoft. we talking about a big potential future business. i think that those stocks dropped after the last few months after that earnings report earlier this year, which had something to do with it. it certainly made the price more attractive. i asked that question, why this price, why now? take a listen to what he had to say. >> it is about bringing together at thefessional cloud core of microsoft and the professional network. the dream we always had was -- how can we connect these worlds so that our mutual users can get their work done more seamlessly? that's the vision. i spoke with jeff weiner a few months ago on studio 1.0 and we talked about how big he believes the future of linkedin is. i said -- why would you sell it for a price less than what it

coming up, emily chang speaks to the ceo's of microsoft and linkedin. ♪ mark: you are watching "bloombergicials say five of 53 people wounded in sunday's mass shooting in orlando are still in grave condition. the attack left 50 people dead, including the shooter, killed in a gun battle with police. investigators are trying to determine a motive. president obama says the case is being treated as a terrorism investigation. airfrance is able to get 80% of its life in the air despite a strike by pilots. 1/4 of the pilots have walked out because they have to work more hours without more pay. other employees have walked out because of disputes including new labor reforms. us south africa, oscar pistori faces up to 15 years in prison for the shooting death of his girlfriend, reeva steenkamp. the judge who originally convicted pistorius of manslaughter has been ordered to sentence him for murder instead. the nba's