i'm emily chang.en reporting, amazon has scrapped its plans to build half of its new headquarters in new york city. the tech time faced major backlash after the city and new york state promised nearly $3 billion in financial incentives. a company statement reads in part, a number of state and local politicians admitted clear they oppose our presence and will not work with us to build a type of relationships that are required to go forward. joining us in new york issue robe day, and also in the studio, tom giles. we are awaiting a press

port's ceot was flex speaking with emily chang.for this edition of "bloomberg technology." isoomberg technology" livestreaming on twitter. be sure to follow our global breaking news network at tictoc on twitter. this is bloomberg. ♪ >> a very good morning. us trillion markets have just opened for trade. >> good evening from bloomberg's global headquarters in new york. asia." me to "daybreak >> our top stories this friday -- optimism rises of a trade talks in washington. china is offering to buy more u.s. food as the site edge towards a deal. the rba governor

when we are making changes, we are thinking how we can get people get value every day. emilyspending is rising 20%. is this a one off or is the cost structure changing? ned: we grew 17% last year, but if you look at the fourth grewer, where headcount 16% over the course of the year, expenses grew 21%. if you add merit increases and other things, new hires as well, we will continue to higher at the same priorities -- we will continue to hire at the same priorities, we will get to the growth we talked about. it is a continuation with the same priorities, thinking about health, conversations as a way to drive audiences. emily: do you see the 20% number staying the same over several years, or is that an annual thing? ned: annual for 2019. we will talk about next year more when we get there. as we make investments in 2019, we are not thinking about this year but hiring people who could have an impact on twitter over long times. emily: what other product changes are you making that you think will expand the overall audience? ned: one is for the fourth quarter and there are some in

when we are making changes, we are thinking how we can get people get value every day. emilyspending is rising 20%. is this a one off or is the cost structure changing for the long term? ned: we grew 17% last year, but if you look at the fourth quarter, which represents the all the hiring we did throughout the year, where headcount grew 16% over the course of the year, expenses grew 21% in the fourth quarter. if you annualize that and add merit increases and other things on top of it, and new hires as well, we will continue to hire at the same priorities, and 2019, it is pretty easy to get to 20% growth, which is what we talked about. this isn't a change. it is a continuation with the same priorities, thinking about health, conversations as a way to drive audience on twitter. our revenue products and sales and the platform we use to deliver twitter. emily: do you see the 20% number staying the same over several years, or is that an annual thing? ned: well, an annual thing for 2019. we will think about next year, talk about next year more when we get there, but as we make inve

i am emily chang. back to amazon. fight with "the national enquirer" has been taken to a whole new level. ami has said it will investigate the allegations while federal prosecutors are now said to be reviewing the publishers conduct all of which could put amazon's businesses as well as bezos' already tumultuous relationship with president trump at risk. joining us is to move brian, executive editor of bloomberg opinion who wrote -- tim o'brien, executive editor of bloomberg opinion, who wrote a biography of president trump before he became president. what is your unvarnished opinion of what happened the last 24 hours? tim: it is important to separate what jeff bezos is doing as an individual in the midst of his marriage breaking up and feeling like his privacy was invaded. that is one lens that it is important to look at this through. the second is as owner of "washington post pure co--- oh owner of "washington post." i think a lot of attention stems from the "washington post" coverage of the trump presidency. i don't

and hitting these specific targets they are off by a month or two, , that will not change the long-term thesis. emilyl counsel leaving after just two months. jonathan chang is taking over after musk surprised investors saying the cfo will be leaving. what exactly happened here? greg we do not know much besides : this vague reference to it being a poor cultural fit. at this that is reminiscent of point something we heard from some of the many executives that departed last year. one executive who comes to mind is just and back in here -- caneer, who joined the company from seagate and was supposed to be the chief accounting officer and left a couple months into his tenure. bud was moving to the west coast and focusing on this company on a full-time basis and decided against this. it is unclear whether last night's tweets had anything to do with this. it does not appear to be the case. generally, another indication that elon musk may be a bit of a difficult person to work for. emily: tasha, turnover is nothing new at tesla. we are talking about key roles, the cfo, the general counsel, previously the hea

emily chang spoke with sheryl sandberg.the conversation focusing on the company performance in the last quarter. >> we have a strong quarter and i think with a really end to a challenging year for facebook. the growth across the board, we now have 2.7 billion people using at least one of our services every month and that is facebook, instagram, whatsapp messenger. sorry. i think it is really important -- facebook is growing. we have 2.3 billion users on a monthly basis with 66% coming back every day. i think one of the questions people have about us right now is we are making such big investments in safety and security. we have so much work to do to protect people on our platform. can we do that while growing our community and well building our business? i think this quarter shows that we can do both. we still have a lot of hard work to do. across the board. but i think we are making process. emily: there was an incident in the last .4 hours where it was revealed that facebook at a tool that was collecting data from users,

i am emily chang.loomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. i'm dana lasch from the dana show. you've seen me interview some amazing people. today is no different. i'm speaking with one of the leading minds in nitric oxide research. a healthy went through breakthrough. this

both the headquarters and the factory in mount pleasant wisconsin factory felt a market ever-changing. emilyd this to say. >> the environment keeps changing. there is all kinds and -- of uncertainty. what businesses always want is certain and stable is this environment. markets change. apple reported less demand for their products and that obviously affects the equation. in general, all the incentives that were given by governor walker were perspective. -- prospective. emily: is this because of apple? austin: it is partly because of apple that there has been pressure on the company but they -- i run the global market conditions and the global issues, but they missed their first year hiring targets by about 82%. they ended the year with only 178 full-time workers. that is far short of the 1040 they committed to hiring at the end of that threshold. the company can certainly afford to hire more workers. it's not just because of softened iphone sales. the larger issue is with the senator is implying. that there is no risk for the state because they won't give any subsidies unless he company -- t

emily: i'm emily chang in san francisco and this is "bloomberg technology." next hour,n the while bitcoin has fallen off of the radar for many market watchers, demand is ticking up. we will tell you why. plus, walmart reports his best colder -- holiday quarter in a decade. we will check in on the health of the retailer and the outlook for slip cart. youtube announces new guidelines for users with one-time warnings. will the rules be enough to avoid intervention from regulators? to the top story, is bitcoin back? the cryptocurrency is approaching $4000 for the first time since the start of the year. the boost comes after last week's announcement that jpmorgan has developed a prototype coin that it wants to use to speed up payments between corporate customers. with a boost last? two discussed we are joined by -- -- joined by spencer. is bitcoin back? has been way overdue for a bear market bounds. it is still working off of the bear market in oversold conditions. if you look at the major indicators. these have been synonymous with bottoms in the past. they show

♪ emily: i'm emily chang and this is the "best of bloomberg: technology."oming up, amazon spurns new york, scrapping their plan to build a second quarter -- headquarters after backlash. lawmakers blast t-mobile's proposed purchase of sprint as leaders from both companies testified before the new democratic led house. and we take you behind the wheel of an electric car that is gaining attention out of canada. lede.rst, to our lead -- a growing backlash has pushed amazon to cancel their plans to build a headquarters. the deal have promised thousands of jobs with a high average salary. one problem was that local opposition was fervent from the beginning. lawmakers resented being excluded from negotiations welcome to the groups fear rising rent in the neighborhood would push out longtime residents. we spoke to a local councilman who spoke -- who opposed the deal from the start and our executive editor brad stone. >> no one is running a victory lap, but i would say is that this is a victory, because we fought for our values. we challenge the deal from the beginn

emily: i'm emily chang in san francisco and this is "bloomberg technology." up, the other tweed heard round the world. why elon musk is in hot water once again with the sec. facebook under fire. new details are emerging about the thousands of content monitors fired. test a new to feature on the smart watch that could give it an edge in the sleep tracking market. first, to the top story. elon musk is at it again and the sec has noticed. a judge to asked hold musk in contempt for violating a settlement struck last year with regulators. musk is required to get approval from tesla for social media posts and other writings. the sec said he breached the agreement with a tweet about tesla production. theebruary 19, musk tweeted electric carmaker would make about 500,000 cars this year. a few hours later, he revised its tweaking meant to say annualized production rate at the end of 2019, probably around 400,000, 10,000 cars per week. deliveries are estimated about 4000 -- 400,000. around 400,000. in response to the request, the --ge in new york is matt robinson who f

emily chang caught up with the ceo to discuss.al trade and international freight boarding are some of the biggest markets in the world, extremely scale driven and the bigger your company is, the more advantages you can provide to your customer base. we felt this level of capital will allow staff of the investments we need. emily: why the investment rather than the other options on the table? guest: we have a lot of options. i was attracted by the ability to go and aggressively expand our business. we need to be in every country in the world. we are working with flexible or and we can help expand and go global. emily: did you way the ethics of "taking stock's money -- taking softbank's money? guest: of course. i want to japan, spent a lot of time with them, felt there was a real alignment with what our issue is. every planet connecting humanity. i don't think anybody left it out of poverty than shi pping. we're so lucky to work at the intersection and we're fortunate to have an investment partner who sees that. emily: this is the g

i am emily chang in san francisco. look at the tech stories. >> self-driving startup has raised financing from softbank. it's tech uses unmanned road vehicles to run errands like picking up groceries to delivering dinner. the startup has raised $1 billion from investors including softbank. states are considering a response against the chinese link to hacker group after u.k. officials presented evidence of an alleged cyberattack by the group. areils of the hack classified, but the u.k. evidence is related to u.s. government against the hackers. the u.s. accuses them of a decade-long espionage campaign. we have a more clearer indication of how global smartphone slowdown affected apple, especially in china. 20% inshipments limited the fourth quarter of 2018, contrast that with the domestic chinese market dropping 10% in the same time. rival saw it surged 23% in the same quarter. those are the top global tech stories. emily: i want to stick with apple's iphone woes. trends, notting , at did apple fall sharply the same time

emily: that was ryan kalemeber. coming up, tech giants like facebook and amazon have done business in saudi arabia, and now the kingdom wants to rent space in silicon valley, but time has changedemily: welcome back to "the best of bloomberg technology." i am emily chang. lawmakers grilled tech leaders over their proposed merger of t-mobile and sprint. they are pure before the u.s. house and karmic issues subcommittee defending the deal against claims that it is a french competition. >> our opponents are wrong when they claim the merger will lead to higher prices, in fact, the opposite is true. consumers will win with lower prices and better services. drop sharplys will and our network capacity will expand sharply. senatorsne democratic called for the deal to be stopped, saying it would hurt consumers. our guests weighed in on the results of the hearing on wednesday. >> the message is pretty simple, what we have been hearing for a while, that the merger is good for competition because it will wrap in 5g and such great advancements that it will make the company a stronger competitor to at&t and verizon, but it seems nobody was buying it. there are questions from democrats word a

i'm emily chang in san francisco. insurer is making sure is mays a role in tech xt generation of start-ups. alliance is increasing the size f its tech investment fund to $1.1 billion funds making it one of the largest in europe. what we were told about the move. for are kind of spoiled choice because now with the new und size, we can decrease our investments and also look for other companies. it's not just the investment have that spoils us for choice, it's the brand of opportunities e that we can deliver to the companies with whom we work together. emily: the fund has 15 deals to money in go uding jack, lemonade and a german mobile bank m-26. o talk about this and the overall tech investment andscape, we bring in an entrepreneur and resident. what do you make of the increase of corporate venture of this size in europe? yeah, i think it's a really interesting trend that seems to occurring, the corporate venture last year was about 20% deals in europe or they were in about 20% of the deals. to be movement in that direc

emily: i'm emily chang in san francisco and this is "bloomberg technology." next hour, thee debate over your data. amazon anda like google are expanding their information empires as they grow into our homes. toivision is planning dramatically slash costs after reporting fourth-quarter results that missed estimates and delivered a disappointing forecast. can they turn around amidst competition from fortnite? russia is planning to sever itself from the global internet to prepare the country to deal with a digital attack that would leave it cut off. is this the future of global cyber defense? to the top story. president trump struck a conciliatory note on trial trade talks saying he would let -- on trying it trade talks -- on china trade talks saying he would let the march 1 deadline slide and could let it slide for a while if the two sides are doing a deal. there is no plans to meet xi jinping next month, but u.s. officials are in beijing for talks starting thursday. we have a reporter standing by with more. what did the president have to say? said he wasdent t

i'm emily chang in san francisco, with shery ahn in new york and haidi stroud-watts in sydney. get a look at the global tech stories of the day. haidi? what have you got? haidi: emily, investment in turkish startups fell 46%, $59 million in 2018. down from the country's record high of $111 million the year before. the news comes from monitoring groups -- that puts turkey in 21st place among european countries. attracting such investments last year. the u.k. holds the top spot with more than $8 billion of inflows. a key partner for tencent is signaling more weakness in the chinese videogame market. chinese sales dropping by double digits. last quarter, the revenue fell 22%. the chinese gaming market is slowly recovering from last year's government ban on new titles. that market is the world's largest, generating more than $30 billion in sales. billionaire alibaba co-founder joseph tsai, who already owns a stake in the nba's brooklyn nets, has his sights set on a new startup sports league. he led a funding round for the premier lacrosse league. terms of the deal weren't disclosed.

this is bloomberg. ♪ ♪ brad: i'm brad stone in san francisco, in for emily chang.in india have hit a major roadblock thanks to strict e-commerce rules. can the company get its global game plan back on track? plus, apple cracks down on internal apps for facebook and google. we discussed that standoff. and thoughts on dysfunction in washington.

i'm emily chang..e joined by greathouse they are a hiring platform used by airbnb, lyft, and pinterest. what does amazon pulling out of new york city mean for jobs? short-term, everyone is nervous when a big tech employer moves into town. i was a recruiter in 2005 when google moved in, announcing they were hiring 1500 engineers. it kind of suck the oxygen out of the room. in the short-term, it creates a lot of competition and stress on companies. of course, over the long-term, you need employers in a town in order for it to be a vibrant ecosystem. continuest new york to be able to attract great technology companies, as it has over the last several decades, and that this is not the start of a trend. emily: let's talk about that. alexandria ocasio-cortez tweeting anything is possible, today was the day that a group of dedicated everyday new yorkers and there it neighbors and the amazon exploitation and power of the man's richest world. do you see worker expectation happening here? whatey didn't say a lo

i am emily chang.and t-mobile executives in the hot seat this week as lawmakers grilled tech leaders over their proposed merger of t-mobile and sprint. they appeared before the u.s. house communications subcommittee defending the deal against claims that it is a threat to competition. >> our opponents are wrong when they claim the merger will lead to higher prices, in fact, the opposite is true. consumers will win with lower prices and better services. how? our costs will drop sharply and our network capacity will expand sharply. -- expand tremendously. emily: nine democratic senators called for the deal to be stopped, saying it would hurt consumers. our guests weighed in on the results of the hearing on wednesday. >> his message was pretty simple, what we have been hearing for a while, that the merger is good for competition because it will wrap in 5g and such great advancements that it will make the company a stronger competitor to at&t and verizon, but it seems nobody was buying it. he fielded a lot

emily: i'm emily chang in san francisco. this is "bloomberg technology." president trump signs in order to prioritize oracles of intelligence. help thealth -- to u.s. they had of china. and inside an apple so-called black site. new report reveals the not so conditions forng the tech giants contractors. and the new york city mayor defending of the deal to bring amazon to the big apple, but will the backlash while over? besident trump wants u.s. to a leader in artificial intelligence for years to come. he has signed an executive order to launch what he calls the american ai initiative. it comes less than a week after the president stressed that investments in cutting-edge industries in the future for the united states. our reporter covers tech corporate lobbying in -- ndc and we have this ceo and cofounder wants to secure an open and symbiotic relationship. how big a deal is this executive order? >> we will see how the impacts play out, but we are excited to see that the administration is an important initiative. south korea has a billion dollar industry, fr

this is bloomberg. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology.", a busy day on capitol hill. president trump's former lawyer, michael cohen, accuses him of criminal conduct in a hotly contested house hearing. separate hearing, robert lighthizer says the administration is pushing for a deal with china that includes significant structural changes in beijing's economic m

emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, alphabet reports fourth-quarter results. highlights from my conversation with the alphabet cfo, ahead. plus, tech's going public pipeline is picking up. messaging service slack filed paperwork for its direct listing. and the crackdown on huawei continues. we will bring you the inside story of a chicago startup that claims the company was trying to steal its technology. it starts with broken glass. but first, our top story. shares of alphabet falling in after-hours trading. in the fourth quarter ad revenue for the search giant remains strong with paid clicks climbing over 18% to $27 billion. however, operating margins fell below analyst expectations and expenses rose. meantime, the investor call is underway. cfo rush porat addressed rising costs. take a listen. >> the key drivers were, first, content acquisition costs, primarily for youtube, mostly for our advertising supported content, in what is a seasonally strong quarter for youtube. but also for our new

we attended the event and spoke with emily chang. rk: this is going to be the first phone and the prices about $2000. that would make it the most expensive namebrand phone on the market. emily: talk to us about what specifically you think will be a competitor to apple here? mark: what samsung is coming out with is quite impressive. for devices. there is 15 g device. yearsre going to be 1.5 ahead of apple on 5g. the s 10 he can take on the r.one x i've been able to use the phones. the hardware seems ahead of apple. the camera technology, the 3-d sensing, the 5g. i still think apple is ahead on software. emily: you said apple is not working on 5g. you think that capability will be a big draw for consumers this year? i think so in terms of the marketing prowess in places like at&t. will there be enough people this year? it's not clear. in the first half of 2020, 5g will be in a lot of markets across the u.s. the problem for apple is they release phones in october and november. unless they pushed their release they are going to be six mon

♪ emily: time emily chang in san francisco and this is "bloomberg technology.".s.g up in the next hour, lawmakers blast t-mobile's proposed purchase of sprint. the heads of both companies testified before the new democratic-led household plus, putting a stake in the ground of silicon valley. but will the tech industry welcome the kingdom? and as t-mobile's john legere a new mobile network in japan. our top story -- sprint and t-mobile in the hot seat in washington as lawmakers grill them of their proposed merger. t-mobile ceo john legere and the before a appeared house subcommittee defending the megadeal against claims it is a threat to competition. >> our opponents are wrong when they claim that the merger will lead to higher prices. in fact, the opposite is true. consumers will win with lower prices and better services. how? out costs will drop sharply and the network capacity will expand tremendously. senatorsne democratic called for the deal to stop in a letter on tuesday, saying it would hurt consumers. toning us from washington discuss is georgetown law di

[applause] ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology."oming up in the next hour, alphabet reports fourth-quarter results. highlights from my conversation with the alphabet cfo, ahead. plus, tech's going public pipeline is picking up. messaging service slack filed paperwork for its direct listing. and the crackdown on huawei continues. we will

lisa: thank you so much, emily chang.we will be speaking with a new york state assemblyman who has also opposed amazon in york. -- in new york. this is bloomberg. ♪ lisa: our stock of the hour is cody. shares soaring, heading to their best day since the company went public in 2013. there's no one better to speak about makeup than dave wilson. what is cody getting right? >> the shift toward the luxury business. i've been talking about it this week. tapestry, michael kors. a few years back, they bought all these brands from procter & gamble, and $12.5 billion deal. now, they are stumbling in that area a bit. the luxury business -- burberry is one example. revenue in the latest quarter, they are pretty close to the same. increasingly, this company is shifting toward a luxury business. that's where the growth has been. burberry now part of that. 11%re talking about an increase with consumer beauty. they have professional beauty service, not so great there. you can see how they have changed as you've had this shift toward luxu

i'm emily chang in san francisco.al nba all-star technology summit is underway, exploring trends, innovations in sports and technology. we sat down with amy brooks, the chief innovation officer for the nba, and asked how social media is playing a role in content creation for the league. take a listen. amy: we see our games on tv as meals and the social media as snacks. the players are developing content. the teams are developing content. we have 1.5 billion followers amongst players, teams and the league. our job is to engage fans globally. different platforms and testing and learning is a big part of that. >> talk to us about the platforms, because traditionally you go to a game, you have men, women, e-sports, streaming. what is the biggest potential? amy: we think the gaming aspect has a lot of potential. we have the nba 2k league broadcast on twitch, the g-league. we are allowing people to vote for the mvp in the g-league game. at the end of the game, he can take direct questions from fans. >> where is the most gro

emily: i'm emily chang in san francisco and this is "bloomberg technology." hour, tech names plunge. in a single day, hb think drops , fitbit sinks 14%, and all on the back of earnings. what does it mean for the rest of tech? could uber make a big global play ahead of its planned ipo? ahey are in talks to buy middle east competitor. after dropping a few cryptic hints on twitter this week, we have coverage of elon musk's tesla news. we begin with breaking news. tesla mystery solved. elon musk is launching a new model three at a lower base price of $35,000. the news first broke in the electric car blog -- in an electric car blog after elon musk teased news on twitter. now we know what it is about. tesla is holding an event at this hour where we presume they will announce this officially. tesla halted new car orders on his website. to discuss we have gene munster on the phone in minneapolis, and we have our bloomberg automotive reporter, keith. what we know so far? priceng with a lower model three with a shorter range gives you on the opportunity to saleshese am

emily: i'm emily chang in san francisco and this is "bloomberg technology." in the next hour, the other tweet heard round the world. why elon musk is in hot water agains the ftc. details are emerging about the thousands of content moderator hired through third parties. is there a better way to flag posts and misinformation? apple wants to help you catch some z's. testing a new feature on the smart watch that could give it in average in the sleep trucking market. elon musk's twitter fingers are at it again and the sec has noticed. exchangesecurity and commission has asked a judge to hold him in contempt for violating a settlement struck last year with regulators. he is required to get approval from tesla for social media posts and other writings. the sec said he breached the agreement last week with a tweet about tesla production. on february 19, he tweeted the electric carmaker would make about 500,000 cars this year. a few hours later, he revised to sayweeting meant annualized production rate at the end of 2019 probably around 400,000, i.e. 10,000 cars per w

>> i'm emily chang in san francisco and this is "bloomberg technology. u.s. lawmakers blast t-mobile's proposed $26.5 billion purchase of sprint. both companies testify before the new democratic white house. the saudi wealth fund is putting a stake in the ground in silicon valley, opening a san francisco office. will the tech industry welcome the kingdom? the-mobile slams hauwei, japanese ceo tells me he will it as he builds a new mobile network and in the hot seat in washington as lawmakers grill them over their proposed merger. t-mobile ceo john ledger and sprint executive chair appear before the house communications subcommittee, defending the megadeal against claims it is a threat to competition. >> our opponents are wrong when they claimed that the merger will lead to higher prices. in fact, the opposite is true. . consumers will win with lower prices and better services how? our costs will drop sharply and network capacity will expand tremendously. senatorsne democratic called for the deal to be stopped in a letter tuesday, saying it would hurt consumer

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."oming up in the next hour, worker protests come to a head at google. the company is doing away with one policy that thousands of employees criticized. plus, we sit down with an investor who made a big move in the vc world. we talk about his strategy in 2019. netflix could be crowned the big winner at the oscars on sunday. we will take a look at their strategy to take over hollywood. first, to the top story. president trump and chinese lead negotiators agreed a trade deal will probably happen. both parties decide to work into the weekend. a reporter with bloomberg economic joins us now with more. tom, the president said he would be willing to extend the timeline on the terrace. what is the latest we know? tom: there was discussion around exchange rates and the yuan in china and how much it has devalued, but we don't view that as a big development. the larger question has been tariffs. it will continue to be tariffs. last year, the trump administration put 250 billion -- tariffs on $250

emily: emily chang ins good. this is "bloomberg technology." topic at, 5g is a hot this years m debussy. the uncertain future of huawei continues to overshadow the industry. we will bring you the latest. signing summit. why president trump is preparing xi int president mar-a-lago and what it means for the upcoming tariffs. privacy practice. waiting on theot federal government to regulate big attack. why its proposal has companies like facebook fighting back. first, to our top story. barcelona is underway in spain. this years event may end up being more flash than substance. companies are touting 5g technology but with little to show in terms of large commercial uses or consumer uses. another story to dominate the conversation this week is the future of chinese tech firm huawei. as we have been reporting, a number of countries around the banned huawei. the u.s. has charged the firm with allegations of stealing trade secrets and bank fraud relating to business and iran. that has not slowed the company down. huawei has announced its own folding sm

emily: i'm emily chang in san francisco and this is "bloomberg technology." the next hour, a busy day on capitol hill. president trump's former lawyer, michael cohen, accuses him of criminal conduct in a hotly contested house hearing. separate hearing, robert lighthizer says the administration is pushing for a deal with china that includes significant structural changes in beijing's economic model. president trump and kim jong-un is on schedule -- are on schedule to begin their second and final day of their summit. we're live in hanoi. withxclusive conversation the alibaba co-founder, joe tsai and why he is optimistic about the u.s. china trade deal. to the top story, all eyes in washington on president trump's former personal attorney and fixer, michael cohen, testifying before congress. contentions continue after six hours. we saw plenty of heated exchanges as cohead laid out -- testimoniesut including a bombshell on national committee emails. >> a lot of people asked me about whether trump about the release of the hacked documents, democratic national comm

. ♪ >> emily chang in san francisco, and this is bloomberg technology.our, highlights from samsung, debuting their most extensive lineup of devices and taking aim at apple. and rising competition from china. tesla's general counsel leaving the company after just two months on the job. is 2019 shaping up to be as agonizing as last year for ceo elon musk?

i'm emily chang.reported first-quarter results that beat analysts expectations as they pushed further into streaming with plans to launch its own online video service later this year. haveng us to discuss we roger mcnamee, longtime tech investor with elevation partners. what are the headlines you would pull out here? >> as you mentioned, the big magic word is streaming. this is a transformational year, a year of transition where they will be making all of these investments for the big product, the disney plus service later in 2019. as far as physical quarter one, it was a pretty solid one. the theme park was a standout. all of the investments are really paying off. he had a reason price hike. 10% adjusted operating income growth. also holding up pretty well. the company management gearing up for losses in the director consumer segment. emily: roger, what is your take on what is happening in the streaming wars? these companies like netflix and disney spending billions of dollars on original content, al

valley heavyweights reporting earnings this week, and on the day the company announced results, emily chang down for a conversation with chief operating officer sheryl sandberg. >> i think one of the questions people have about us right now is we are making such a big investments in safety and security. we have so much work to do to protect people on our platform. can we do that while growing our community and growing our business? i think this quarter shows we can do both. we still have a lot of hard work to do across the board, but i think we are making progress. >> there was an incident in the last 24 hours whereby it was revealed that facebook had a tool that was collecting data from users including teenagers in exchange for payment. apple has shut down your internal apps, and our sources are telling us that employees are panicking. how are you triaging this? >> i want to be really clear what this was. this is an app called the facebook research app. despite early reports, there is nothing secret about it. it is completely opt in. participants knew they were in. a great majority of peop

. ♪ ♪ >> i'm emily chang and this is "the best of bloomberg technology. " 2018 marked twitter first fulltability, but supplies investors by reporting daily active users for the first time, the number is even smaller than snap. has goneer mcnamee from one of facebook's biggest

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."our, a busy day on capitol hill. president trump's former lawyer, michael cohen, accuses him of criminal conduct in a hotly contested house hearing. in a separate hearing, robert lighthizer says the administration is pushing for a deal with china that includes significant structural changes to beijing's economic model. plus president trump and kim ,

. ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology."hile bitcoin has fallen off of the radar for many market watchers, demand is ticking up. we will tell you why. plus, walmart reports his best colder -- holiday quarter in a decade. we will check in on the health of the retailer and the outlook for slip cart. youtub

. ♪ emily: i'm emily chang in san francisco. this is "bloomberg technology."ports fourth-quarter results. highlights from my conversation with the alphabet cfo, ahead. tech's -- slack filed paperwork for its direct listing. the crackdown on