ocial network remain spoiled in controversy, and emily chang is with us with the details.as the controversy not phased facebook? the cabbageind abacus scandal broke out towards the end of the corner so we may see a greater impact from that and the current quarter and it remains to be seen. listening to the earnings call, sheryl sandberg had a lengthy runwaytion of a lengthy with instagram and facebook try toer and whatsapp, prevent those jitters that investors have been feeling over the last several weeks. iniously revenue is coming your records with $5 billion in profits. active users meeting estimates and no apparent impact so far from this delete facebook campaign. there is also a change in tone from mark zuckerberg. andas been apologizing explaining they are changing the rules and he came in on this call saying we need to keep moving forward. that said, he did say facebook will be ready i the time the 2018 midterm elections roll fake actorsevent from meddling on the platform. take a listen. 2018 will be an incredibly important year, to our big election is not only in u

shery: tom giles and emily chang with us. thank you very much. we will return to the congressional hearing of mark zuckerberg's second day. yesterday he faced lawmakers and the senate. let's listen in. vonnie: before we get the mark zuckerberg, we'll take a quick look at the markets because we are awaiting the fed minutes and two minutes. be sure to check out our mliv blog those minutes there. markets are lower, and the nasdaq is buoyed by facebook stocks. and the nasdaq is up more than a 10th of 1%. looks like mark zuckerberg is about to speak again. >> i want to make sure there is appropriate attention on how the platform of facebook and even other platforms -- you mentioned it a little bit -- how you help us in this country keep our country safe from terrorists. i talked with lots of people who actually continue to remain very concerned about recruitment of their younger family members and now we are seeing around the globe and has recruitment of women as well to join terrorist organizations. i am very concerned, and a former u.s. attorney, an

this may change that. emilyut the story about the big policy changes that youtube has been making and we talk about the obvious creators like logan paul, the ones people recognize, but there are so many creators that use youtube and they are making decisions that are dramatically impacting how creators are paid, how creators, the rules about what content can be uploaded. mark: one of the issues, youtube has made a series of policies that have been reactive and not proactive. there is a tug-of-war between advertisers and lawmakers and the general public who say you're not doing enough to moderate content, some of the offensive content on the website. in response, they have limited the number of ads. you have creators saying you're doing too much. both parties are saying youtube, you're not communicating well with us what the changes are. emily: these are the kinds of videos that perhaps shouldn't have been uploaded in the first place, right? then they are changing the policy. mark: that is the basis youtube has h

this may change that. emilyhe bigger story about the big policy changes that youtube has been making? we talk a lot about the obvious creators, like logan paul and people who you recognize but there are so many creators out there who do use youtube's platform and youtube is making big decisions that are dramatically impacting how creators are paid, how creators are -- the rules around what kind of content can be uploaded and all of that. mark: i talked to a research director at columbia. he said one of the issues -- youtube has made a series of policies, but they have been rather reactive and not proactive. there is this tug-of-war between advertisers and lawmakers and the general public, who say you are not doing enough to moderate the content, some of the offensive content on their website. in response, they have limited the number of ads. then you have creators saying, you are doing too much. youtube is not communicating well what the changes are. emily: these are the kinds of videos that perhaps should never

emily: no changes to the company? ned: we are a public company. we are thinking about what gets us excited, we think about the opportunity to get twitter in everybody's hands. emily: on the call, jack dorsey said we are not a social network. what does he mean by that? ned: we are in interest network, where people go to find out about the things that they care about. people often go because they want to find out what is happening in a game, what happened in the stock market, what is happening around a particular thing that is important to them. so that means that although it is social in nature, it is not about the people to whom you are connected, it is the topics and events. emily: some of my conversation with ned segal. breaking lp produces a news network for twitter. coming up, tim cook meets one-on-one with president trump. we will tell you what was discussed behind closed doors. this is bloomberg. ♪ emily: our top story, facebook out with a big beat. mark zuckerberg just wrapped up speaking on the call. his message, we need to keep moving for

. ♪ emily: i'm emily chang. this is "bloomberg technology."acebook crushes on revenue and continues to add new members. refocus after the most challenging quarters the biggest social media company by it plus the turnaround of twitter , gathering steam, but why aren't of the investors buying it? we will hear from their cfo this hour. tim cook and president trump, details on history to the white house and the potential impact on trade tensions with china. to our lead, facebook shares advancing after reporting first-quarter earnings. a big quarter for the social network as sales near records and users keep flocking there. it soared almost 50%. to $11.9 billion and getting analyst estimates by a in a statement, facebook says it has 1.5 billion users, matching estimates. this as facebook is embroiled in one controversy after another. we are joined by our bloomberg contributing editor david kirkpatrick. in seattle, debra aho williamson , the cambridge analytica scandal broke towards the end of the quarter, so maybe that is not all included here. but

doing too much. ,oth parties are saying youtube you're not communicating well with us what the changes are. emilye are the kinds of videos that perhaps shouldn't have been uploaded in the first place come right -- first place, right? then they are changing the policy. mark: that is the basis youtube has had for years. it was broadcast yourself. they are dedicated to this revolutionary idea that anybody can upload any video editing time. -- can upload any video at any time. they haven't put enough rules and bumpers in place to prevent these kinds of issues. bergen, thanks so much. i know you will continue to report on this story and we will hear more from you. reports that the youtube shooter posted online rants about the company have people asking if that should've raised a red flag. nextxt guest had met -- guest has made a career of trucking illicit content online. -- of tracking illicit content online. it is the focus of our latest installment. i want to bring in a senior advisor to the contrary extremism technology project. he has worked with companies like microsoft. his work has led to the d

i'm emily chang. let's return to our top story.reefall on monday's session, a pessimistic start to the quarter. tech stocks led the selloff. amazon up 50% in the last year, after president trump's twitter attack on the online retailer. netflix slid 5%. chipmakers in the s&p 500 plunged more than 5% thanks to intel's worst day in two years. we are joined by michael purvis and daniel flax. daniel, i will start with you. what are the highlights as far as your concerns in terms of what has sparked the selloff and what is keeping it going? daniel: there are a few things driving this selloff. you have concerns about the global economic and political environments, which is leading to more uncertainty. second, you also have questions in the technology sector about regulation and global tariffs. as we look out over the next couple of years, these issues may well be with us, but we are focused on uncovering interesting, fundamental opportunities in the market. for that, we continue to approach things on a stock by stock basis, recognizing th

i'm emily chang. the 2018 u.s. tech ipo market kicked off with a bang.rom dropbox to spotify have hit the public market. the quarterly value of u.s. tech ipos by trading date. scroll over to the right. you will see we have some of the biggest ipos hitting since 2014. more news on what could be the biggest public offering of 2019. --r $100 billionking a valuation. enrique salem -- is joining us, and with us in new york, david politis. talk to us about the global tech ipo landscape and how bullish you are. enrique: this has been a very interesting time. this year we've seen nine major ipos in the technology industry. you saw dropbox go public recently. there are a lot of other companies that are in registration right now. docusign is expecting to go public later this year. this is a vibrant time for companies. they are thinking about how do you move from on premise to cloud computing and applications. you're seeing a vibrant market. emily: this is certainly your area of expertise. country is what you think about the dropbox ipo in particular -- i'm curious

haslinda: that was john zimmer speaking exclusively to emily chang.atch the 4 -- full interview 9:30 in -- on wednesday in new york. it will run also on thursday. let's take a look at where stocks are right now. stocks, buyers buying consumer staples and health care companies, with a limited exposure to the u.s. listedmp administration chinese products it proposes hitting with tariffs. investors in china looking inwards. china currently lower by 0.1%. a mixed picture, for asian indexes, going in various directions. the s&p currently down to 0.2%. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. yvonne: it is 11:29 in hong kong, i am paul allen with the f

i'm emily chang.named a new executive as its cfo, filling a role that has been vacant since last summer, the first major appointment made by the new ceo anthony noto. it has surpassed half a million users. we caught up with anthony noto in san francisco earlier today to talk about his plan since taking his role at so far. -- sofi. anthony: we have to continue to build on student loan refinancing, personal loans, mortgages, we need to continue to build out, there are other products we can add. there is an opportunity to add financial services products, including sofi money, a modern take on a big account, sofi wealth, and sofi advice, so much of 2018 will be building those products. but still making sure our core products perform well bid emily: you have been there for six weeks, so what do you want to do differently? anthony: i think the most important thing we do is a company's ability culture we are proud of, one that is welcoming and inclusive, one that reflects society. we must have a diverse empl

emily: ok. mark m.: i think you may have a temporary issue, but i doubt it changes the long-term trend. bc capital markets analyst mark mahaney, thank you for joining us for the first half hour of "bloomberg tech." sarah frier, thank you as well. tech takes on malaria. next.l talk to bill gates this is bloomberg. ♪ mark c.: i'm mark crumpton, and you are watching "bloomberg technology." let's begin with "first word news." president trump says the u.s. and north korea are speaking directly and that, quote, "extremely high levels" -- and at, quote, "extremely high levels" ahead of a possible meeting with north korea's leader. members of the senate foreign relations committee had mixed reaction to the news that cia director mike pompeo made a secret trip to north korea to meet with kim. the committee is currently considering pompeo's nomination to be secretary of state. >> we've always known that our contacts with north korea have been through the intelligence community, so i think it made a lot of sense for him to be the person to meet with him. i hope we have other officials who are doing

. ♪ i am emily chang and this is bloomberg technology, from new york.up, unfriending facebook. privacy concerns on the social media site are taking a toll, with users deleting profiles at an alarming rate. plus bitcoin back on the move. as a price spike shoots the cryptocurrency up by more than that -- more than $1000 within an hour. we will chart the rise and the reasons behind it. a look into what could be the future of sim tech. the future of robots taking advisory roles managing wealth. first, to our lead. concerns about facebook privacy is taking a toll. techpinch group called conducted a survey to find out how seriously americans are taking it. nearly 1 in 10 americans have deleted their facebook account on privacy concerns. 17% have deleted the app from its phone. about 35% say they are using facebook less than they used to. co-founder mark zuckerberg testified on capitol hill for 10 hours over two days over the latest crisis surrounding cambridge analytica and russian election-meddling. vancouver, the managing director here with me in new york.

. ♪ emily: i'm emily chang, and this is "bloomberg technology."ing up, semiconductors in the flux. as a cooling global smartphone market unnerves wall street, we put the forecast that rattled investors into focus. 's web.alantir why the pentagon, fbi, and other law enforcement agencies tapped peter thiel for help with -- amazon's underpaid army. our look at the other story buried inside the letter and the window it opened into the company's rank and file. first, to our lede, apple and a slew of chipmakers fell thursday after taiwan semiconductor issued a growth forecast that rekindled concerns that the handset boom is waning. the chip manufacturer predicted sales for the current quarter will be $1 billion less than projected. that report by the international monetary fund said smartphone shipments declined for the first time, a reminder that the best days may be in the past. bloomberg technology's mark gurman, who covers all things apple, and bloomberg's ian king, who covers all the major chipmakers for us, join us now. why is this having such a b

emily: ok. mark m.: i think you may have a temporary issue, but i doubt it changes the long-term trend. apital markets analyst mark mahaney, thank you for joining us for the first half hour of "bloomberg tech." sarah frier, thank you as well. coming up tech takes on malaria. , we will talk to bill gates next. this is bloomberg. ♪ >> president trump says he and prime minister shinzo abe will continue to work on trade and what he calls imbalances. abe says japanese investment has been gaining momentum in the u.s. and the president wants greater access for american goods in the japanese market. >> we are working on our economic partnership by reducing our trade imbalance and removing barriers to u.s. exports. the united states is committed to free, fair and reciprocal, very important word, trade. and we are committed to pursuing a bilateral trading relationship that benefit both of our great country. --countries. financendent: japan's official is resigning after allegations that he sexually harassed female journalists. he is denied the allegations that he says it makes it impossible to over

." ♪ emily: i'm emily chang and this is "bloomberg technology."e are live at the milken institute global conference in beverly hills, california, where we have been speaking with top newsmakers. stay tuned for interviews with u.s. treasury secretary steven mnuchin. t-mobile buying sprint for $26.5 billion stock to take on verizon and at&t. some still fear the deal will get blocked. it we will hear from ceo john ledger. apple earnings are just around the corner and investors will finally have an answer, did iphone x sales live up to the hype? but first, to the sprint tumbling 10% and regulators may reject t-mobile's agreement by a company worth six point -- $26.5 million. sprint are hoping it will let them get a jump on verizon and at&t when it comes to building a next-generation network. with t-mobiledown ceo john ledgere. >> talk about the deal and talk about the value to shareholders. and second, talk about why it will get approved. those two things together will drive shareholder value. is actually 140 $5 billion enterprise value combined compa

joining us is emily chang.hrough, he was prepared, who was your biggest take away from these hearings? moore pointed -- questions,e pointed and a center asked and made it clear, they don't know how facebook works. that said, mark zuckerberg i would say doesn't get as good of a great today as he did yesterday, sibley because the questions were so penetrating. he didn't seem to say yes or no to several yes or no questions. he is probably also tired. it was 10 hours of testimony in a row. generally he was unruffled throughout these two days. he was very patient, and we got new information, specifically about how facebook tracks users when they are not on facebook, including when they don't have a facebook account. there was a phenomenal exchange with a center who articulate at the point that several did not mail. take a listen. you are collecting personal information on people who do not even have facebook accounts, isn't that right? yes or no? >> i don't think that is what we are tracking. >> you acknowledged you

thank you so much for that here at emily chang in san francisco.et's get to first word news with courtney collins. >> thanks. president trump pulling back from his call for an nafta deal by next week come saying something may happen "fairly soon."or cope -- he wanted an outline agreement so that he and mexico could make an announcement next week. now he told staff to take it easy and that he will have it done right or the accord will be terminated. president has renewed his attack , saying he is taking a serious look at what he calls an uneven playing field. he says he expects amazon's tax situation to be investigated and it could be a decision from the supreme court. the president claims the u.s. postal service loses out delivering packages, even though his own staff says that is not the case and it actually makes money. tim cook will be questioned by qualcomm's lawyers in june as part of the chipmakers escalating legal battle with the worlds must label company -- most valuable player to company. it began last year when apple filed a suit, accusin

i'm emily chang.'s time on capitol hill in his testimony is over, and a new bill has already been introduced to protect consumer rights. the consent act would require the ftc to create new online privacy protections for users of sites like facebook and google. congressman ro khanna of california's 17th district joins in the heart of silicon valley -- district in the heart of silicon valley joins us to discuss what new laws might be to come. ro: i was pleased that mark zuckerberg agreed to testify that he subjected himself to five hours of testimony, both in the senate and the house. this was long overdue. facebook should have been testifying much earlier. i am pleased that he is at least open to well-crafted regulation. i was concerned with two areas. it seems like the senate as a knowledge gap. many of the senators have not used facebook or twitter, and it was apparent after they asked their first question. they were unable to press mark zuckerberg or get into the depth. it is not zuckerberg's job to

. ♪ emily: i am emily chang and mrs.bloomberg technology", big tex bounces back and how the biggest players style after a brutal start to the fiscal year. and more and its highlights as we hear from expedia ceo on its results. and the committee gets ready to declare from our review of apple earnings ahead of next week's report. first to our lead. a tech turnaround despite a beating over the last several weeks, the tight changed again. changed, better-than-expected results from microsoft and intel, but the crowning achievement appears to be amazon. blowout earnings pushed the e-commerce giant to regain its title behind apple. here to break all of it down for us we have bloomberg intelligence's director of north sweeney,research, paul abigail doolittle. i want to start with you. of where walk through we ended up today after a rocky few weeks emily: --few weeks. abigail: it was an just in day. only finishing fractionally higher midmorning. each of the major averages dipping into negative territory. despite the fact we had t

emily chang discussed the biggest ever crisis to hit facebook with its chief operating officer, sherylis is going to be a long process. we are systematically looking at all the ways facebook that is used. we are going to tell you about them. we will shut them down. this is a forever process. security is always an arms race. you build, they tried to misuse, you build. we are committed to this for the long run. emily: mark has taken responsibility. how much do you feel personally responsible? sheryl: i feel deeply personally responsible. there were mistakes we made and i made. when you take a step back and think about what has happened, for a long time, we were focused on building social experiences. a lot of good happen because of those. when we found problems, we would shut down that problem. the specific case of the sharing that happened with cambridge analytica, that was shut down. what we didn't do until recently and what we are doing now is just take a broader view, looking to be more restrictive in ways data could be misused. we also didn't build our operations fast enough. that i

an emily chang talks with sheryl sandberg. >> there are real mistakes that we made and that i made. >bloomberg. ♪ ♪ you are watching erik: "bloomberg best --erik: you are watching "bloomberg best." trade dominated the discussion on bloomberg. let's revisit some of the most provocative conversations, starting with henry mcveigh. he gave me his view of the u.s.-china situation. clear the market thinks the trade war is bad. what do you think? henry: it is friction and economy -- in an economy where we wanted borders to come down. that is what china integrating into the global economy, going all the way back to wto in 2001. i don't believe we will have an all-out trade war. my view is that global trade actually peaked in 2007. 2007nt up from 1984 two and since the great financial crisis it has been shrinking. i think this is about the u.s. was comfortable when china was the exporter to the world and the low-end manufacturing. since they announced their china 2025 plan, they have been moving up to the value-added goods. that is a threat to u.s. intellectual property and it means they in so

♪ >> i'm emily chang in this is "the best of bloomberg technology," where we bring you the best interviewsrom this week in tech. coming up netflix sets the bar. the stock pops on user growth. we break it down. plus, tesla's second timeout. the electric car manufacturer stops production on the model 3 sedan and sends workers home, only to reverse course and declare a 24/7 operation. we will explain. and pain for prime. jeff bezos says the premium subscribers have topped more than 100 million. lead. to the netflix shares popped after reporting the strongest surge from the start of the year. added 7.4ing pioneer million subscribers in the first quarter, beating the estimate of 6.4 million. netflix now has more than 125 million paying customers, the most of any online tv network. the company is the best-performing stock in the s&p 500 this year, proving one quarter at a time that investor confidence in its online tv service is justified. we dug into the numbers on monday after they came out with caroline hyde, who caught up with paul burnet and henry lake fox. they are making shows that everyb

joining us now with the latest is technology anchor, emily chang. what are the updates here?> we are covering this life for the last two hours and it happened at :00 local time, the reports of an active shooter, no information, but just a few tweets and one from an employee with said he heard shots and it were barricaded in a room with coworkers. he later sent another tweet saying he is safe. i heard from the head of future communications who simply said he is safe. was a long time before we got information. that we have confirmation from the san bruno police chief who said that people were injured and taken to area hospitals. the one suspect is that from a self-inflicted gunshot wound and that suspect is a woman. grant, a reporter, nico talked to several youtube employees and he said that there obviously shaken up. you are looking at video right now of employees walking out of their hands on their heads. we saw videos of police going in with their guns drawn. in incredibly terrifying and horrifying and tragic situation here. we are still getting more information. about a lot

. ♪ emily: i am emily chang in new york. this is "bloomberg technology."ing up, facebook ceo mark zuckerberg wraps up his second day of a grilling in washington. on day two, questions were more pointed and answers a tad more evasive. the big apple versus silicon valley. and renewed prospects for a deal between sprint and t-mobile five months after conversations to merge fell apart. but first to our lead. it's been a long two days for mark zuckerberg. still the facebook ceo emerged mostly unruffled after 48 hours of congressional grilling. zuckerberg generally kept his cool, even as lawmakers downplayed his apologies over failures to protect user privacy and assurances to do better. some key takeaways, regulatory proposals are coming, but there is no clear agreement on what regulations will look like or what facebook would support. still, shareholders and seem to be relieved that zuckerberg can hold his own in testimony. shares rose through both days of the hearing. data collection, particularly off facebook for those who were not on facebook, emerged as a

i'm emily chang.e breaking news, reuters reporting that sprint and t-mobile are aiming to clinch a merger by next week. shares of sprint and t-mobile spiking. these two companies have been trying to merge for quite some time. it has never happened for one reason or another, so we will continue to follow that story. according to reuters, t-mobile and sprint aiming to clinch a merger by next week. back to our top story, amazon reporting blockbuster results, shares jumping 6% in late trading. jeff bezos has highlighted the company's gains in aws which increased 48.6% year-over-year. there was $51 billion in revenue representing 43% year-over-year. we have bloomberg tech's reporter listening to the call. garrett, any additional nuggets here? we know that prime subscribers have soared. we know aws has soared. what new analysis do you have? garrett: the big number of people are responding to his -- is shares increase for next quarter. analysts were expecting on average 52, and the range was at 154, so that

i'm emily chang.his is "the best of bloomberg technology." we bring you all of our top interviews from this week in tech. facebook crushes on revenue and continues to add new users. we will put the earnings report in focus after one of the most challenging reports of the biggest social media platform. alphabet embarks on a new spending spree to change its biggest rivals. we will break down the earnings report. tim cook faces face-to-face with president trump. details on the apple ceos trip to the white house and the potential impact on u.s. trade tension with china. first to our lead, facebook shook off any whiff of the cambridge analytica scandal on wednesday when it reported first-quarter results. analysts across the board were impressed with the financial results. the stock rally. -- rallied. wall street seems to believe management has address privacy issues, which have had minimal impact on earnings so far. though we could see more of a dent in the quarters ahead. the social media giant's ad sales

i'm emily chang.rent company reported sales of $29.4 billion, topping estimates by $65 million. it eat highest estimates. paid clicks jumping 55%. capital expenditures tripled from $2.4 billion to $7.7 billion. the results also came with a clear result to wall street. they are expecting a new spending binge. andalked to rob o'donnell colin hoberman on monday for more. >> i think the real big takeaway here is that google looks pretty professional compared to some of its competitors, namely facebook. i think that's been pretty apparent and the way google has not really said anything recently since the cambridge analytica scandal and facebook. this is back and said, all good news for us because we are the ones that look like the big guys, the more professional tech company in this instance. emily: i did just get off the phone call with alphabet cfo and we asked her about future privacy regulations, how this could impact the business. what she had to say about gdp are, the new regulations in europe. worki

emily: so no plans on changing being an independent company? ned: we are a public company. a board and it has a fiduciary right. we think about the opportunities of twitter as quickly as we can. emily: on the call, jack dorsey said we are not a social network. what did he mean by that? ned: we are in interest network. interest network. we are a place people go to find a think they care about. people often go because they want to find out what's happening. they want to find out what happened in the stock market. they want to find out what is happening around a particular thing that is important to them. that means although it is social in nature, it is not about the people to whom you are connected, it is about the topics and events you care about. ♪ myly: that was some of conversation with twitter ceo ned segal. produces arg lp global breaking news video network for twitter. still ahead, we break down amazon, and the president of the attacks, and whether it has any impact on its business. that story is next. this is bloomberg. ♪ ♪ emily: amazon now wants in on your car. the

i am emily chang.ean union is watching facebook's actions in the wake of its massive data scandal. a spokesman will contact data production officials to follow up investigations into whether facebook breached e.u. privacy laws. speaking to the press yesterday mark zuckerberg said the e.u.'s , new rules set to go in effect next month are very positive. and he is going to make the same controls available for users everywhere. take a listen. >> we intend to make all the same controls and settings available everywhere, not just in europe. is it going to be exactly the same format? probably not. we need to figure out what makes sense for the different markets and laws. let me repeat this. we are going to make all the same controls and settings available everywhere, not just in europe. emily: for more, i want to bring in caroline hyde in london. that was news that these e.u. privacy controls are going to go into affect worldwide. what do you make of it? caroline: interesting that we will not have one rule ro

i am emily chang.mp is pushing to rebalance global trade in america's favor and the global tech industry is preparing for a huge impact. white house advisor peter navarro said the administration's tariffs on china will focus on high tech industries where beijing wants to lead. the focus of theu : tariffs is on the china 2025 industries. china, in my view brazenly has , released its china 2025 plan that basically told the rest of the world we are going to dominate every single emerging industry of the future and there -- there for -- therefore your economies are not going to have a future. emily: we spoke with adam siegel on wednesday as the story was still unfolding. adam siegel when they named the : specific sectors they were going to try to penalize, we are going to see a lot of people trying to lobby to be left out of the tariffs and we will have a good sense on where you might fit on the supply chain and how you might be punished. emily: you know, again, who do you think the winners and the losers

and emily chang talks with facebook's sheryl sandberg at a critical moment for the social media colossusnally responsible because there are real mistakes that we made and that i made. erik: this is bloomberg. ♪ erik: you are watching ♪ "bloomberg best." i'm erik schatzker. the topic of trade once again dominated the discussion on bloomberg television this week. from the impact on national economies to the uncertain future of nafta, let's revisit some of the most provocative conversations, starting with henry mcveigh. he gave me his view of the u.s.-china situation. ♪ erik: it is pretty clear the market thinks the trade war is bad. what do you think? henry: it is friction in an economy where we have been trying to have orders coming down. that is what technology is about. that is what china integrating into the global economy, going all the way back to wto in 2001. i don't believe we are going to have an all-out trade war. my view is that global trade actually peaked in 2007. nobody is talking about that as a percentage of gdp. it went up from 1984 to 2007 and since the great financial cr

i'm emily chang. trump is pushing to rebalance global trade in america's favor, and the global tech industry is preparing for a huge impact. white house adviser peter navarro said wednesday the trump administration's tariffs on china will focus on high tech industries where beijing wants to lead. peter: certainly, the focus of the tariffs are on what is called the china 2025 industries. china, in my view, brazenly has released this china 2025 plan that basically told the rest of the world, we are going to dominate every single emerging industry of the future, and therefore, your economies are not going to have any future. emily: we spoke with adam segal of the council of foreign relations on wednesday as the story was still unfolding. adam: when they name the specific sectors they are going to try to penalize, then we will see a lot of people trying to lobby, to be left out of the tariffs, and we are going to have a good sense of where you might fit on that supply chain, and how you might be punished.

i'm emily chang.logy is playing an evermore present role in health care provision in particular, , new developments in data analytics software and ai are increasingly able to help stem the spread of infectious disease. one man who knows the benefits of the technology well is bill gates, founder of microsoft and the world's second richest man. he has long been focusing his wealth outside the world of silicon valley on combating infectious diseases that affect the poorest. caroline hyde caught up with the tech luminary at the malaria summit in london. caroline: i think focusing has always been on data, the use of big data am of the ability to map, to track outbreaks and be able to target them. notably, we are also hearing the likes of google earth being able to help monitor the outbreaks, of such diseases, and just the use of smart phones on the ground. it made me smile somewhat that the founder of the biggest software company in the world, bill gates of course, thinks perhaps the key use should be in s

i'm emily chang.e next hour, facebook's ceo will be testifying before congress in the wake of revelations last month that the political consulting firm cambridge analytica improperly ofessed data on millions users on heels of concern that russian meddling on facebook influenced the 2016 election. facebook has been under fire from lawmakers and the public asking if the social network has too much power over its users and the world. all anglescovering of this story to give you everything you need to know. i'm joined by craig gordon in the washington bureau. facebook frier covers on capitol hill. and our washington correspondent

julia: thank you emily chang. up next.acron is in washington and lee uses charm to change the president's mind on policy? we go to washington dc next. this is bloomberg. ♪ julia: emmanuel macron is in washington will be honored at the white house with the first official state dinner of the trump presidency. foreign-policy goals will be key as was coming out the america first agenda ahead of german chancellor angela merkel begin next week. kevin cirilli is that the white house with the latest. kevin, super exciting times to see what happens, even as far as the hatchet is concerned. >> you set it. talk about for policy, clearly the french president was to influence trump with regards to nothing else. president trump has made clear his position on the iran nuclear deal, saint it should be renegotiated or the u.s. should withdraw. i stick with republicans on capitol hill and many of whom are skeptical about the iran deal to begin with. they feel this is the best deal they can get at this time. a couple withdrawal, particularly

emily chang is a bloomberg technology anchor and author of "brotopia, breaking up the boys club of silicon valley." mark zuckerberg's on an apology tour. he's sending out new dictates on facebook. there's this idea that everyone can know now if they are -- if they were scraped by cambridge analytica. this is video of him walking to meet senator feinstein. is this apology going over well with lawmakers? >> so i think we heard a healthy dose of skepticism from senator nelson just a few minutes ago in your interview. i think the next couple of days are really going to tell. i have a suspicion he is going to be grilled tomorrow and the day after that. but really it is going to be up to users. do users believe that they can trust facebook. it is not just zuckerberg, by the way, who's on an apology tour. i sat down with sheryl sandberg, coo of facebook last week and she also said i feel deeply personally responsible. we made mistakes. i made mistakes. there is a big question though, is this too little, too late. this is after 2 billion users may have had their public data scraped after potential

. ♪ i'm emily chang and this is "bloomberg technology." tech bears ru rampantn. full report on tuesdays tech market selloff. plus the whistleblower who blew the lid off the cambridge analytica facebook scandal heads to capitol hill. what went on with lawmakers behind closed doors. uber releases new diversity statistics under its new ceo. the results, meager gains. first to our lead. it was the worst day of stocks in weeks, and the first five-day slide for the dow in a year. tech stocks getting hit hard off the back of google print alphabet earnings. h. to bring it down is our -- a tech bubble has been burst. walk us through the day. >> that is a pretty big crawl. it will be interesting to see if that is proven with time. relatives of the day, it was an interesting day for the major averages. the dow, s&p 500, nasdaq starting higher. as the day progressed, each of the major averages traded lower. especially in the middle of the day, we start to see a steeper selloff led by the dow and caterpillar. caterpillar put a strong first quarter, but made an oblique comment

. ♪ emily: i am emily chang and this is "bloomberg technology".s,second quarter tech exit as it continues to plunge leading a larger market selloff. apple goes all in on its own technology and what could be a devastating blow to intel. will analyze the new plan to power the mac and the beginning of the and of an extremely lucrative partnership. and tesla tumbles again and elon musk takes to twitter, multiple times. our look at the electric carmaker and the growing threats of elon musk's pay package. first our lead, a rough start to the second quarter as stocks fall across the board, pushing all major averages lower. the moves in monday's session following iraqi performance, wiping out gains for 2018. for more, abigail doolittle joins us from new york. it is always an extraordinary day when we go to you. what is through the session. they stands out that each stepped out for tremendous trade action, and today is no exception. today it is down modestly and the dow traded higher briefly, and then by midmorning strong selling pressure that built into t

. ♪ emily: i'm emily chang, and this is bloomberg technology. coming up, unfriending facebook.rivacy concerns on the social media site are taking a toll, with users deleting profiles at an alarming rate. bitcoin back on the move. the cryptocurrency shoots up within the hour. we will chart the reasons behind at. a look into what could be the future of sin tech. the future of robots taking advisory roles managing wealth. concerns about facebook privacy is taking a toll. a research group conducted a survey to find out how serious americans are taking it. nearly 1 in 10 americans have deleted their facebook account on privacy concerns. about 35% say they are using less than they used less than . co-founder mark zuckerberg testified on capitol hill for 10 hours over two days over the latest crisis surrounding cambridge analytica and russian election-meddling.. joining us from vancouver, elevation managing partners director. here with me in new york, sarah frier, who just flew in from d.c.. what are lawmakers doing? now?is facebook doing sarah: during the 10 hours of testimony where