i'm selina wang in for emily chang. to the story of the cloud storage company, which received its first round of venture capital funding 10 years ago this week. the four founders first met in elementary school in seattle before dropping out of college to start the company. emily chang sat down with them and ask them how they managed to grow box to a $2 billion market cap while staying friends all the while. take a listen. >> i think the secret is we are actually all friends and we have kept anything in the business sphere to be focused on the issues as far as anything personal. >> you guys go on a weekend retreat every year, the four of you. how often do the four of you convene and talk to each other as a group? >> throughout the day we always interacting with each other and running into each other, being in various meetings together. >> there are many instances where me and aaron or me and jeff or me and dylan or all of us together would have these really intense conversations, especially around business issues or arou

emily chang is there and standing by.tablishment conference. erikmily: i am here with erin leavy. we touched on the election. the last debate is tonight. you have been very vocal about your support for hillary clinton, as well as the major conference. emily chang is there and standing by. --tech blog -- technological disruptions they're about to happen. how much is that take in this election and the next three >> the next three weeks is probably more for the clinical analyst. for this election and the decisions that will impact the next decade a lot is at stake. in many cases the benefitsfor te decisions that will impact the next decade a lot is at stake. in many cases the benefits of society and progress around life sciences and finance, there is a lot of change, and we need to make sure we are prepared as a country. we need to make sure our businesses are prepared and education is prepared. that is why this election is such a significant one. we are going to elect someone that is at the center of a distant -- significan

i am emily chang. this week on a potential twitter sale. the walt disney company is said to be working with a financial advisor to talk about a potential bid for twitter, but will the move makes sense for the media giant? twitter recently entered into an nfl deal to live stream the first 10 games. the first two strains were successful with more than 2 million viewers. now with disney's espn continuing to lose subscribers to cord cutting, they could shift to mobile and multimedia -- mobile and social media platforms. we know that disney is working -- >> we know that disney is working with bankers to evaluate a possible bid. they have not made a bid yet , but they are interested in twitter as a media property, and we can speculate as to why. disney is getting more into its streaming. they have noticed the cord cutters. they are trying to figure out how to distribute their video content, and for twitter, this is something they are into too. they are packaging tweets in video form first. there apple tv at

emily: i'm emily chang and this is "bloomberg technology." coming up, it would be the biggest media ipo is twitter. snap gets a step closer to an ipo. amazon makes a run in music streaming. in an already crowded market, should pandora and spotify be worried? and we will take a deep dive dynamics ater them an ascendant chinese startup. but first, a developing story -- wells fargo shares climbing after hours after the bank announced dynamics that john stl step down as ceo and chairman effective immediately. have timny is going to sloan replace him. this move comes amid a public outcry over the revelation at wells fargo employees opened millions of bank accounts for customers who did not request them. bring in our bloomberg news reporter. he's the guy who led it wells fargo to the financial crisis. what do you make of this leadership shakeup? guest: that's a good question. we sort of solace coming in september. a $185 be announced million settlement with wells fargo over more than 2 million accounts thought to be opened without customer knowledg

emily: i am emily chang and this is the newly named "bloomberg technology." tech is global and so are we. we're bringing you the stories that matter most from san francisco to shenzhen, tel aviv, and more. we would like to and but you to bloomberg technology and say farewell to "bloomberg west." it is been one year since jack dorsey returned to the helm at twitter. he is one of bloomberg's biggest shareholders. chris sacca tells us what he thinks of the right hell are's prospect -- ride hailer's prospects in and i feel. -- in an ipo. first to our lead. it is one year since jack dorsey came back to twitter as ceo. twitter shares are nearly 12% below where they were a year ago and investors fear check mercy may not deliver on the turnaround he needs. disney and google have been cited as entrusted buyers. -- interested buyers. are -- in a strong position right now. as a board member, we have to consider the right options. >> we have always had a lot of speculation about what twitter could become, and where twitter would go. you have a really strong plan ahead of

i am emily chang. to people familiar with the matter, at&t's acquisition path started last year. the city company will shift its models so that it owns some of the videos that it distributes. still with us to discuss our david kirkpatrick as well as jerry smith. explain what we know. at&t supposedly has a list of targets ranging from $2 billion to $50 billion in market cap. >> we know that at&t is very interested in getting a piece of hollywood. distribute and content for people either through tv or their phone. for now, they want to create the content and own what they're distributing. emily: this is a costly business. can at&t do this profitably? >> that is certainly a question. there are a lot of risks to taking this path. at&t is seen as this old, stodgy phone company and now they are looking to get into the entertainment business and hollywood. there is the potential for a real culture clash there. they have a hollywood studio, cable networks out of that. really, if you look at at&t or comcast, th

i'm emily chang.world on the brink of an industrial revolution spurred by the rise of robotics and artificial intelligence? by 2020, over 5 million jobs could be lost in 16 major and emerging economies 30 white house issued a 48-page report on how to handle the rise of ai. joining us to discuss from seattle, allen institute for artificial intelligence ceo oren etzioni, and alex moore, ceo of boomerang, a company uses ai. and then my guest post, david kirkpatrick. oren, i want to start with you. what a day it right, and what did they miss? oren: it is a lengthy report come as you pointed out. i have it right here. i think it is sane and balanced. some of these worries really come from hollywood, like "the terminator," and at the same time, i think there is a valid concern about jobs, and we need to do something about it. emily: david, obviously you talk to a lead o's, a lot of people at the top about ai. it is something that you guys are evading at techonomy. do you think it is overblown, or do you thi

emily: i'm emily chang, this is "bloomberg technology." social media star snapchat may be getting ready for the public market. we will bring you up to speed on what we know. plus, does anyone want to buy twitter? shares fall 20% on news that prospects for a deal are falling apart. and a rare interview with the founder and ceo of china's didi, how he won a care for and took over uber in asia's biggest market. but first, snapchat prepares the paperwork to go public. according to people familiar with the matter, they're aiming to sell shares at the first of next year but timing is tricky. sources cite three key factors that the parent company is watching. joining from new york, mac's chest and -- max chaskin with the latest. what do we know about their plans for an ipo? seeking roughly $25 billion, which a lot of people in silicon valley were worried that the air is being taken out of the bubble. that'll give a lot of confidence because it's a big improvement over their last valuation. the other thing is, they're trying to do this quickly. it

. ♪ emily: i'm emily chang and this is "bloomberg technology."e would like to welcome viewers on television and for the first time ever, viewers tuning in on twitter. you can watch on twitter every day. samsung ending production of the note 7 smartphone. we will ask if the company can take that hit and dive into why the batteries have been overheating. plus, greylock partners raises a billion-dollar fund. we will look at what is shaping up to be the biggest year for vc fundraising since the.com bubble. and a reality check for the food delivery business. we will look at a business called caviar and why it has been hard to find a buyer. first to early -- samsung is ending production of it galaxy note 7 smartphone after reports that replacement phones have the same overheating battery problems as the devices that were recalled. samsung shares closed down, wiping out $17 billion in market value, the company's worst session since 2008. analysts are trying to understand what this costs samsung financially. one report says halting the note 7 could trans

emily: i'm emily chang, this is "bloomberg technology." social media star snapchat may be getting ready for the public market. we'll bring you up to date. plus, does anyone want to buy twitter? shares fall 20% on news that talks for a deal are falling apart. and how he won a turf war and biggestr uber in asia's market. but first, snapchat prepares the paperwork to go public. according to people familiar with the matter, they're aiming to sell shares at the first of next year but timing is tricky. joining me now from new york, our bloomberg "business week" reporter max is here with the latest you did an in depth on the latest on this. >> they're seeking $25 billion which, a lot of people in silicon valley have been worried there's some sort of, the air is being taken out of the bubble. that'll give a lot of confidence because it's a big improvement over their last valuation. the other thing is, they're trying to do this quickly. it's pretty stunning when you think about how fast snapchat is moving. they only aed the base exmeasuring feature

emily: i'm emily chang and this ." weloomberg technology are at the vanity fair summit in san francisco where we are hearing from some of the most influential voices in tech. we will be joined by matt comstock and the discovery to medications ceo. most outspoken venture capitalists, bill gurley. plus we will head to austin for an exclusive conversation with michael dell. first, to our lead. we begin with ge. the company has made a big push to position itself as a digital industrial co., but it's not wonderingnd skeptics whether a big industrial conglomerate can hold its own. brad stone joins us. -- you have been in this advice chair role for about a year. what has surprised you most about this? beth: more meetings. fact that we are at this very interesting time in the company and the vision is happening in summary different mentions and we are trying to keep pace with everything. the fact we are focused on it is a great thing. : emily mentioned the pitch as ge as an industrial company. you in the marketplace for your d

emily: i'm emily chang. this is "bloomberg technology to thetesla shares jump and car company reports a rare quarterly profit. plus we will dig into big blue's that on watson and a new partnership with gm. and a conversation with steve ballmer. he weighs in on twitter's future. he is a big twitter investor. tesla shares take off after the company posts a rare profitable quarter, et seq. second its history as a company. butsted revenue also beat beyond the financials, investors are listening closely to the call. plans on combining with solar city. shareholders get to vote on a plan in just a couple of weeks. earlier this year, we got our hands on an e-mail from elon musk to employees saying "it would be awesome to throw a high in the face of all the naysayers on wall street who keep insisting tesla will always be a money loser. is this a pie in the face of wall street and is it just one pie or will there be more pie? it is clearly a pie in the face of wall street but how many more pies he has left is unclear.

emily: i'm emily chang and this is "bloomberg technology." 's first sales declined since 2001 has shares thinking despite better-than-expected iphone sales. in a bold move, a french streaming service expands into the crowded u.s. market. reports of more job cuts sends twitter lower. we will talk about the company as they prepared to go it alone. apple shares lower after hours, the company posting with quarter sales until 9% from year ago and brought the company's first annual sales decline since 2001. the other big number we are watching -- iphone unit sales, since that is were the company makes most of its money. it sold 44.5 million handsets. that includes two weeks of sales for the iphone 7, which rings is the all-important report -- apple says it sees revenue between -- signed the sales for the new phone may be off to a good start. joining us now is the program director for mobile services and are bloomberg tech reporter. you have an blogging live on the bloomberg terminal. what do you see? guest: the highlight is apple is going to return

i'm scarlet fu in for emily chang.to dive into the text stories that are front and center in the days ahead. first up, tesla. shares soared after the electric car battery maker announced on sunday that it beat analysts estimates for third quarter deliveries. it followed consecutive misses in the prior to quarters, so what does it mean for their ambitious sales forecasts? us from detroit. closed out its quarter on friday and if you come inside the bloomberg, you can see the number of deliveries for the third quarter some passes anything it has done up to this point. this quick toly come out with a date? guest: they had good news to share, so they wanted to share us -- to share it. the analysts were looking for about 20,000 deliveries or maybe 22,000. they came in at 24, so this has raised a lot of optimism about raising the target elon musk has said to sell 50,000 cars. what does it tell us about tesla possibility to prioritize or what it was prioritizing before? was a great scoop about the memo sent to the employees, t

. ♪ emily: i'm emily chang and this is "bloomberg technology."oming up, its primetime time for netflix shares. they are searching and we will break down the numbers. plus, at ibm, private margins shriek again. big blue trying to turn itself around, but more challenges ahead. the shift to the cloud. project tighten on the rocks is apple seriously scales back its plans for a car. as to our lead -- netflix shares are surging 20% on better-than-expected subscriber growth. they added 3.6 million subscribers in the third quarter. hit series like "stranger things" and "narcos" are credited for retaining customers. netflix says it will produce 1000 hours of original programming next year, up from six hundred this year. also encouraging investors, the forecast for fourth order of cyber -- subscriber growth exceeding projections. here to break this down, david kilpatrick and lucas shaw, our bloomberg news reporter who covers netflix. greg, i want to start with you. this stock has been extremely volatile. when we got the call last quarter, they apologized f

emily: i am emily chang and this is bloomberg west. google gambles on smartphones. we will break down their strategy for the $400 billion market and plans to take on apple. and chris dhaka, why he is disappointed in jack dorsey and is hoping twitter gets bought. and i sit down with mark cuban who holds nothing back on donald trump. first to the lead. google takes its biggest leak yet into the $400 billion smartphone hardware market after years of outsourcing development google ishone makers, taking the apple approach developing phones from end to end, in house. take a listen. >> phones are the most important device we own. they rarely leave our side. they are most people's lifeline to the internet and each other. today, i am excited to introduce you to a new phone made by google. we collect pixel. pixel. call it emily: the tip the opportunity to announce a handful of new electronics including a speaker device and a headset meant to spread vr to the masses. reporters mark bergen, and mark derman. this is your first time with me. you,t to start with margaret and -- ma

emily: i am emily chang and -- with stories that shapes the week in business around the world. the fan for for another eye-popping merger. apple, amazon, and i'll that report results. changes in the boardroom. another dramatic week for your beleaguered banks. >> a couple good quarters in a row -- and ceos make predictions for 2017. matt: it is all straight ahead on "bloomberg best." ♪ matt: hello and welcome. i am matt miller. this is your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. the week began with a blockbuster media merger as at&t announced its intention to buy cable giant time warner. >> now to the big deal everyone is talking about. at&t agreed to buy time warner for $85.4 billion. is this even possible? >> it is possible. you just have to turn the clock back 18 months or so, when at&t bought directv. a a lot of people invest in at&t or in indices associated with it. at&t is ultimately seen as a utility to many investors. directv and time warner are big, large moneymaking machines. >> people tal

. ♪ cory: i'm cory johnson, in for emily chang.t&t pushes to clinch a deal for time warner by monday, trying to front run other bidders. why the telecom giant is in such a rich -- rush. $40 billion takeover. nxp could also come next week. and markets for consumer drones aiming for the skies. we will hear from china's consumer drone giant. first, possible deals on the radar this friday, qualcomm and nxp. the chipmakers wrapping up what could be the largest transaction in the history of the semi conductor industry grade we are also watching to go were with at&t and time warner. the carriers pushing to seal monday.l by in enterprise software company said to be belt -- valued over $10 billion. first, let's kick this off with qualcomm-nxp. this is an amazing deal monday. in enterprise here, a big change for at&t. when you think they see in this book? >> the industry in general has been moving towards this combination of distribution and content rate we saw comcast is a first mover with the steal or later forsal and dreamworks. at&t foll

i am emily chang. we take a deep dive into the world of the private market.investing has evolved with some startups commanding multimillion dollar valuations, disrupting often heavily regulated parts of the economy. they are attracting private equity players to the tech space. -- andl's scott partner at tbg. -- of whethern at or not to go public has so many angles. while the markets be receptive? as long as they are investing privately, what is the hurry? the point you are making about valuation is a key one. ahead not want to get to of yourself because the public markets will probably be more disciplined about valuation than the private markets where we are seeing that with the proliferation of unicorns. if they were all to be public overnight, we would probably see a correction in several numbers of those. you have got these companies like airbnb and uber, and as david said, when uber was raising capital, because we did the series b, we were saying over has so quickly -- uber has so quickly transpant it just transcended what the value is. that is when we we

i'm emily chang.sted fourth-quarter sales that fell 9% and brought the company the first sales decline since 2001, in line with analysts' estimates. the other big number? iphone sales. that is where the company makes most is money. it sold 45.4 million handsets, but remember, it included 2 weeks' worth of iphone 7. apple said revenue between $76 billion and $78 billion. the program director joined us and a bloomberg tech reporter. take a listen. >> the highlight is apple will return to growth or the q1 a holiday, so they say. they are usually pretty good about those estimates. it is above some analysts' estimates we were looking at during the past week. everything is pretty much in line with expectations. emily: i spoke with apple's cfo and we asked about the samsung issue and how much apple will benefit from the recall. he talked about supply constraint as it pertains to the iphone 7 plus. he said it is difficult to tell where we are constraint and everything we produce we can sell right now. it is d

will be sitting down an exclusive interview with emily chang.porter had some harsh words for donald trump. this is bloomberg. ♪ mark cuban has not been shy about voicing his political views this election season. he was one of hillary clinton's guests at the first debate with some of trump last week. up with him in an exclusive interview in san francisco. mark: i'm hedging some things, just in case he gets further along. emily: like what? mark: derivatives, if the market starts to head down. emily: how do you think clinton versus trump would impact deals, growth in general? emily: -- mark: when you have a president and you don't know what he's going to say next, that's the ultimate uncertainty. one ridiculous or offensive comment, north korea drops the bomb on japan. one demonstration of being oblivious about the world and another putin takes country like the ukraine. those are the types of things that radel everybody. when i said the market would tank if you was elected, that's the ultimate uncertainty. go to year senator, go to your congressman

and emily chang. they met with institutional investors and 10 news ago this week.dship began in seattle in elementary school. the rise to becoming a publicly traded company was not smooth sailing but all four of them stuck with it. i sat down with all of the box cofounders for wide-ranging conversation. >> when we got about the big picture, roger and me and is still true today, without about the size -- and is true today, we thought about the size and it held the deeply rooted belief that we could create value for customers and shareholders as independent versus the larger organization. we take those overtures seriously but have always come down and been aligned behind building an independent company. emily: what year was this? still in: in the pat -- dylan: i think it was 2010 2011, 2011 with citrix. emily: was that tough? did someone to sell, did not want to sell? dylan: probably our parents. [laughter] one thing not a lot talked about when considering selling out that stages it is not really become about you anymore, especially the founding team. it was probably

♪ emily: i am emily chang and this is "best of bloomberg technology," where we bring you the top interviewsrom week in tech. sampson and the production of the note 7 smartphone. we dive into the stock meltdown. plus, the biggest social media ipo since twitter. a step closer to a public offering. twitter buyers appearing to cool their interest on a potential deal. twitter cofounder gives us his take, ahead. first, sam sent officially ended the production of the galaxy note 7 smartphone after reports that replacement phones have the same overheating battery problems of the original devices recalled. they cut their third-quarter operating profit by $2.3 billion. the fallout continues for sam son financially. a report from credits we say halting the note 7 could translate into almost $17 billion in lost sales. we caught up with bloomberg intelligence analyst john butler and greylock partner john. >> we have gone through many of the iterations of the samsung note series and it is interesting because it is a new category that was introduced many years ago that focuses on larger devices, larger sc

i'm emily chang. is looking to reclaim lost market share with a refreshed mac lineup that includes it's first mac book pro overhaul in four years. >> this kind of design is only possible with the unique collaboration between hardware engineering, their operations, and our industrial design team working together to solve problems they have not even tried to tackle. it is the new gold standard in notebook computers. it enables innovations not possible before. emily: the standout feature is a new digital display on the top row of the keyboard called the touch bar. they will also include a fingerprint sensor and attract tab that is twice as large. but it has got serious competition. microsoft held its old product event yesterday and its surface line got several updates with positive reviews. which company moves the needle more? joining us is our principal analyst and our bloomberg tech reported. since you reported a lot of these changes that we saw with the lineup with the mac lineup, anything that surpri

♪ emily: i am emily chang and this is the best of bloomberg technology, where we bring you the best fromhe weekend tech. coming up, why he is disappointed in jack dorsey and all in for a twitter acquisition. plus, first on bloomberg, a sitdown with mark cuban, who holds nothing back on donald trump and google gambles on the smartphone. we will look at the strategy for the $400 billion market and the plan to take on apple. what a week it has been for twitter. shares plunged to most in the year, following google is not interested in buying bit social networking site. disney and apple are also not interested. as the topalesforce contender to potentially scooped twitter up. this week, we spoke with today investors founder chris and he did not mince words, he thinks the future twitter looks like. here's a interview from the conference in san francisco on tuesday. chris: it is an incredible story of underachievement, of potential never realized, so i would be really excited for someone with a product asian to go in there and take chances. we know it has the most valuable body of information in

emily: there has been a lot of change in the ridesharing business.a previous alliance with dd and olap. how does the partnership between dd and uber affect you guys? do you think they sold you out? >> we did not want to invest capital in china. they have a different regulatory structure, and that played out. that deal happened right after some major regulatory changes took place. we believe all along that would be a market that behaved very differently. we never made investments in china come and we believe that paid off. emily: are you still working with didi? >> when you land in a different country, you can use the services that resulted from the deal we have with them. emily: talk to me about fundamentals. in this environment, do you need to show profit sooner than later? >> i think that's important in any business. i think we are showing the right trend, and we have raised $2 billion to invest in future growth. a lot of investors want us to be aggressive and make sure we capture as much market share as possible because of the future opportunities

this is bloomberg. ♪ emily: i am emily chang and this is "the best of bloomberg technology," where weest from the week in tech. coming up, early and twitter investors explain why he is disappointed in jack dorsey and all in for a twitter acquisition. plus, first on bloomberg, a sitdown with mark cuban, who holds nothing back on donald trump and google gambles on the smartphone. we will look at the strategy for the $400 billion market and the plan to take on apple.

emily chang caught up with sacca at the salesforce dream force conference yesterday.ble story of underachievement at potential never realized. i would be really excited for someone with product division to go in there and take chances. we know it has the most valuable body of information in the world. there is stuff in there for every person on the planet and they have failed repeatedly to surface that in an easy to just -- to digest way. emily: are you disappointed with jack's product leadership and hoping he would bring in someone else? chris: yeah, that is why we put jack cominghind back. has that she is the one that has always had leadership in the country. he may not be the kind of guy who wants the keynote on the big stage, his ideas have always been a couple years ahead of the market. four years ago he was bounding the table that we needed to get into live video and i don't think anybody understood the urgency and now it is obvious that is the evolution. emily: why didn't that happen? chris: i am not sure, but it has been a disappointment. delivered on the reve

i am emily chang. inis time to greet the week news.nd of the smartphone wars could be around the corner with n award at stake. one of the most important cases these companies ever fought is underway. ais has the advantage of 40-million user console base. we are joined now to discuss the apple and samsung cases. one is on the docket this week. >> this has to do with the claim that samsung copied the design of the iphone and the idea was that it was central to the iphone and samsung would not have done as well as out it. proceedingser court would be $180 million for apple, if they win. >> i remember when the verdicts were rolling in and things have changed. talk to us about the back and forth and why we think the supreme court would do anything different. >> well, we started with four dozen lawsuits between the sides and there are only a couple of cases left to be talked about here with the federal appeals tort saying that samsung had give total profits from the phones and samsung appealed. they are considering whether that is too much a

changed? david: some of this is the press getting carried away. emily: it didn't happen? vid: well, the stairwell story blew up. of truth to a lot the fact that on licensing, the company did not prioritize compliance the way it should have. towas important for us change the culture of the company. the way we did that was declared new company values and we really made compliance central to everything we have done. emily: what was turning point for you when you really felt you were back on the right track? david: one turning point was when we got praised by an insurance commissioner for writing the ship, her term. think of a bunch of startups that at various points have gotten into regulatory trouble, but i am hard-pressed to think of any that have ever been praised by a regulator the been after itss problem. getting praised by regulators was a turning point. and i think today is a huge turning point. emily: how big is the market for all in one hr and how big a piece of that pie do you think zenefits can get? david: it's a huge market. ont businesses are doing hr paper, in f

emily: price changes, a report that we have yet to confirm. guys just launched 3 new features that will increase the speed of the cryptic web. this is part of your broader mission, and i wonder, how much of the web should be encrypted? is there a danger that bad actors could take advantage of that? matthew: i think all of the web should be encrypted and is content is flowing across the network, you shouldn't have people who are running those networks be able to get in a interfere with that content, whether that is someone who is trying to your credit card information sitting next to you and a coffee shop, whether that is your cable company that wants to market advertising to you, whether that is the national security agency. as content passes across the network, we are sort of crypto absolutists, where the entire network should be encrypted. thenext standards for internet all start from a basis of encryption. i think it's inevitable that we are headed in the direction of a more and more encrypted internet. at cloudflare we are proud of what we

i'm emily chang. the parent company of snapchat has selected bankers for its public offering. work with morgan stanley and goldman sachs only offering which could happen as soon as march. joining me in the studio is a -- is jeremy liew, partner at light speed. great to have you on the show. the story of how you discovered snapchat is amazing. it was before anyone else knew about it except for some teenagers. tell me how you discovered it. jeremy: we were very lucky. one of my partners had a daughter going to school at one kobe high schools where it was initially popular. because he is an engaged dad, he noticed his daughter was using app all the time and he asked her about it. she says there are three apps everyone has -- angry birds, instagram, and snapchat. he said, i've heard of two of those but not the third one, so that's how we heard about it. we were able to connect with the ceo of the company and after a few conversations, he told us he was growing so fast that he could not pay his server bills and i said, maybe we could help you with that. emily: this was when faceboo

. ♪ emily: i'm emily chang and this is "bloomberg technology."oming up, netflix ceo sees trouble ahead in china. we will break down his comments that sent shares plunging. the comment from oracle puts its $9 billion deal in doubt and what does it mean for the future of netsuite? the u.s. officially points a finger at russia for hacking, meant to meddle with the election. we will wrap several security with a coo cloud flare. first, to our lead. the ceo of netflix admits the company's entry into china doesn't look likely. reed hastings told audience at the new york tech fest, saying, disney had their movie service shut down. apple, who is good in china, had their movie service close down. it doesn't look good. those comments came during a volatile week for the stock. shares were covered from a 5% dip in trading. on thursday they slid over 8% on concerns that hastings was troubled. tuesday shares popped on speculation a company is a -- the company is a takeover target. joining us from l.a., bloomberg's chris paul mary. talk about these comments, how

vonnie: you can get more of that bloombergr on on technology with emily chang.the president is scheduled to deliver a statement on the paris climate agreement at 3:30 p.m.. this is bloomberg. ♪ >> it is 3:00 p.m. in new york. i'm vonnie quinn. david: welcome to bloomberg markets. ♪ david: we're live from bloomberg's world headquarters in new york for the next hour. we have that two big economic reports. private payrolls cooled. a new acquisition path focusing on media companies. what is next on at&t's's agenda? , a multimillion dollar fine looms. the bank should fight back, more later in the hour. we will check on the markets an hour before the close. a pretty steady rise as we had an early day lift and stocks have stayed there. helped in part by stronger than estimated economic data this morning on service industries as well as factory and durable goods orders. all of that is helping to power the major averages higher. and financials are the two best-performing groups. energy at 1.8%. we have the rotation into them and out of the interest rate sensitive groups.

. ♪ emily: i am emily chang, and this is "bloomberg technology."ers appearing to lose interest in a deal, but these deal isphone disaster with how people can capitalize on the chaos, and bluebird takes on india, planning on becoming the market leader. -- and uber takes on india. twitter shares plummeted today during monday trading, as interest in a buyout of the company cooled. they have gotten interest in last weeks from google, salesforce, and disney. suitors, according to people familiar with the matter. jack dorsey penned an internal memo to employees, rallying supporters around twitter posse gift live streaming, saying "we , can do this." we are the fastest. we want people to be the place where people check what is happening. and the first place to break what is happening. joining me is business stone -- biz stone. biz: thanks for having me, emily. what it has been like for you, watching the ups and downs, selling from afar? biz: someone has always made offers, and we have always declined. you know the first famous one , was the facebook offer

emily: i am emily chang and this is the best of bloomberg tech elegy. we bring you the top interviews from the week in tech. we explain why they are disappointed and jack dorsey. that interview is ahead. first, our sitdown with mark cuban, who holds nothing back on donald trump. google gambles on smart phones. they have plans to take on apple. what a weekend has been for twitter. shares plunged thursday after reports that google isn't interested in buying the site. disney and apple are also interested. top and tenderhe to potentially scoop twitter up. chris sacca and he did not mince words of what he thinks the future looks like. ons is our interview tuesday. it's an incredible story of underachievement. i would be excited for someone with some product vision to take some chances. we know it's got the most valuable body of information in the world. there is stuff in there for every person on the world. they have failed to surface that in an easy to giant just wait. emily: have you been disappointed with the leadership? did you want jack to bring in some

making these big changes while continuing to have some success with windows and office. emily: let's talk about pc's. obviously, so many questions around the future of the pc. intel actually reported strong results around pc's. what about microsoft? not: microsoft results were great. maybe not as bad as some had feared, not great. maybe not as bad as some had feared, -1%. that could've been a lot worse. this is a windows market. particularly the third quarter which can bebe so bumpy. we will see how that might diversion. intel they said fourth quarter. there was early ordering in the third quarter. the fourth quarter might look a little light. no indication of the same for microsoft. usually as goes intel goes the rest of the pc industry, and as goes microsoft. cloud,let's dig into the because this is their big bet. a lot of people saying this could be the future of microsoft. how is cloud revenue shaping up versus amazon? cory: fantastic for microsoft. on a year-to-year basis they reported a substantial increase in the cloud business, but especially in the -- the business mos