i'm in for emily chang. hocking change at the top, stepping down from their role at the parent company alphabet in early december. a new ceo has taken over. we also have mark, who covers the company for us. ago when they announced alphabet, when the dust settled, it was obvious at pichai,nt, sundar google is 99% of the revenue for alphabet. , someone said it gives corporate structure to its reality. >> what changed for you a few hours ago? >> nothing at all. sundar has done a great job. well.ock is doing very it typically does well in on years and doesn't do as well in even years. performing, the relatively -- doing relatively well. can you imagine if you founded the company 20 years ago and you are worth over $50 billion and you are -- there is a super capable person in charge? there's a lot of other things they get to explore. i don't think anyone is surprised. other things in life to do with $50 billion. taylor: do you see it as a vote of confidence in sundar? is it really just letting him take over and do

♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang. this is "bloomberg technology."ing up in the next hour -- stock record. tesla shares touched $420, the goal price elon musk outlined this past summer. he joked about the milestone on twitter. how much higher can it go? plus, automated hacking. in 2020, online risks will morph into new threats. is your information safe? we will talk to the ceo of cyber security firm proofpoint. and 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. wework, however, stumbled to debut. we will have a recap of it all. first, to our top story. tesla shares set a new record high and reached that infamous $420 mark. you will remember $420 was the price ceo elon musk claimed tesla would go private at last year. earlier today, musk tweeted, "woah, the stock price is so high. lol." joining us to discuss is our bloomberg news reporter, ed ludlow. another day, another record high. what is driving it for tesla this time around? reporter: the momentum is all about china, taylor. overnight, t

emily chang spoke with the cofounder and ceo stewart butterfield in june. >>. need to raise primary capital $800 million on the balance sheet. we did get more freedom and how we tell the story. in addition to our road show. instead of only having a road show in private rooms were investor day livestream and make the video available for everyone. unly: slack is still profitable. how far out is profitability? >> o ur primary focus is to invest in growth. on as we continue to build the new category, that will be our focus for a long time. but we have also gone -- said to investors is to drive towards cash breakeven. we have confidence in the strong -- ability of our company. emily: how much of a priority would you say that profitability is? >> i think i don't want to get too technical about it. there is a lot of deferred revenue. bringing in saying, more cash than we put out on an ongoing basis is a priority because it allows us to control our destiny. contumely findwe new opportunities to investor growth of business. we do not need a lot of free cash flow but a l

. ♪ ♪ >> i am taylor rags in for emily chang.he best -- i am taylor riggs in for emily chang. this is the best of bloomberg tech. theng up, expedia joins ranks of those losing a ceo. larry pages googles and sergei brennan. -- sergey

♪ >> i am taylor rags in for emily chang. this is the best -- i am taylor riggs in for emily chang.his is the best of bloomberg tech. theng up, expedia joins ranks of those losing a ceo. larry pages googles and sergei brennan. brin.gey widening itsftc is investigation of amazon. we will have details. national security risk -- blackburn on the social media app tictoc. -- china'sled it to best detective. we will talk to her after tictoc says it has made changes. we begin with major changes happening at alphabet. larry page and sergei brennan brinnced -- sergey announced they are stepping down. remain active and remain on the board. on tuesday -- >> it was a pretty big surprise actually. there had been some questions about how much longer send our dar would want to be ceo of google. google is under a massive amount of scrutiny. there have been internal protests within the company. this really was a surprise. he has basically had to deal with all of these things and now he will be back dealing with all of those things that happen under the apple umbrella, -- sergey ared visionaries and

♪ >> i am taylor riggs in for emily chang. this is "bloomberg technology." tech stocks on the move.hina and the u.s. agreed to phase one of a trade deal. that includes intellectual property. plus, tensions. the strength continues to flare between alphabet employees and management. we will hear from a former worker who says they were wrongfully let go. drones,ital taxes to prime minister boris johnson cements his desire for brexit with a sound victory. we will discuss what it means for the u.k. technology sector. first, our top story is all about trade. at atoxx index closed record yesterday, but today it has been underperforming. that is in usual -- that is unusual given the trade deal. abigail is here to explain what is going on. what do we know about what is and is not included? abigail: one thing we know, that's of conclusion -- confusion. if we keep it super simplistic, one thing most important for stockmarket market investors is those tariffs are not going into place. he also know that the 25% tariffs on goods, that is staying in place, those september tariffs, those are being

i'm emily chang. tonight, for a special broadcast for the bloomberg new economy and

♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg technology" where wering you all of our best interviews from the week. up next, silicon valley is listening to your most intimate moments. smart speaker craze and how vulnerable users are. google drop out of the top 10 places to work list but doc you sign makes the docusign makes -- the glassdoor list. we talk to the ceo about what makes the company unique. a self driving a semi exits it's first- makes run. silicon valley is listening to your most intimate moments, the first of a bloomberg piece of how the craze left users vulnerable. it was one of the most read stories on wednesday. i spoke to journalists about the story, including the devices and use of contractors to transcribe intimate conversations. we spoke to guests in san francisco and new york. >> we spoke to dozens of transcribers from everywhere from ireland to india and they had ethical quandaries with this service. they were eavesdropping on a lot of customers to improve the systems speech recognition capabilities. thing was that profound dis

. ♪ taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology," whereing you all of our top interviews from this week. chipmaker rally, micron hits the highest price in 18 months after the company reports earnings. we will break down the numbers as semi-conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house? we explore amazon's delivery system as it ditches ups and fedex.

. ♪ taylor: i am taylor riggs in san francisco in for emily chang, and this is "bloomberg technology. another runaway year for tech companies. plus, bearish ipo. 2020 brings the promise of debuts from companies like airbnb, palant

. ♪ ♪ in san taylor riggs francisco in for emily chang. this is "bloomberg technology."uthwest on a rip. does it have more room to run? app -- appetizing, those lips coming up.

. ♪ the rigs in san francisco for emily chang, and this is "bloomberg technology."e next hour, goldman to the rescue. "what'd you miss?" gets financing. we will have the latest on the credit lifeline. plus, proposed tariffs pushes apple to the forefront of the u.s.-china trade standoff in 2019. the relationship with president trump may have helped the

she spoke to emily chang from d.c.rn: there are cases where child predators, pedophiles, have been arrested, convicted. coerceuse snap to children, threatening to put their video on social media unless they send more videos. this is something that parents need to have the tool to turn this off. there needs to be explicit instructions for parents how to handle this. with snap is the snap map application that is there. unless that is turned off or properly set, these children can be identified with their location. the third thing is the discover section. i am horrified when i look through that at some of the information that children can discoverthrough that feed. click or one cap, what these children could be exposed to is awful. emily: what kind of legislation do you think of proposing or do you think you can accomplish in order to fix these particular issues? blackburn: yesterday at our committee hearing, we talked a little bit about this because what we want to do is make certain parents have the toolbox and that soc

. ♪ >> i taylor riggs in san francisco in for emily chang. this is "bloomberg technology." gather. itsftc is widening investigation of amazon to include its cloud business. we have the details. the stance from france, more on the digital tax when we talk

. ♪ ♪ i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology /."s breaking an online record. how it will be following cyber monday. crypto crackdown. china continues its assault on crypto exchanges and currenc

♪ >> i taylor riggs in san francisco in for emily chang. this is "bloomberg technology."oming up, clouds gather. itsftc is widening investigation of amazon to include its cloud business. we have the details. the stance from france, more on to digital tax when we talk the country's minister of digital affairs. fcc for greater access, the latest attempt to fight sanctions, but does that have legs? our top story. back to amazon. bloomberg has learned investigators are looking into its massive cloud computing business. sources say the agency has been asking software companies about practices around aws. the unit is one of the backbones of the internet and has a cloud computing market share of 50%. rival microsoft is 16%. anning us to discuss is analyst from rbc capital markets, and in washington, the person who helped to write the story. regulatorsprised seem to be looking at almost every portion of amazon's business? >> i think this is as surprise. complaints about amazon's retail business are well known. independent sellers have been talking about ways they think the compan

♪ taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology."he tech sector dominates in 2019. how will it perform in 2020? predictionsvery under the microscope as the carmaker starts local deliveries in china. we will have the latest. card controversy. though touted as a widely successful launch, the apple card issued by goldman sachs hit some snags in 2019. first, our top story. tech continues to be the outperform or in 2019 with the nasdaq on track for its best year since 2013. 35%, justndex is up 3% shy of 20's banner year. ofis largely due to the -- 2013's banner year. it is rgely due to apple and above the chipmakers. i am showing on my terminal chart about divergence, winners and losers. the clear winners, apple and facebook. up 55%. 85%, facebook others up closer to 20 or 30%. still great gains. overall, higher. 2019 really the year of record highs. the last record high overall back in july but those two companies really pulling away with the lead, apple and facebook. apple putting in record high after record high. , youd that buying pow

. ♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang.mberg technology." coming up in the next hour -- stock record. tesla shares touched $420, the goal price elon musk outlined this past summer. he joked about the milestone on twitter. how much higher can it go? plus, automated hacking. in 2020, online risks will morph into new threats. is your information fe

. ♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technologysector dominates in 2019. how will it perform in 2020? predictionsvery under the microscope as the carmaker starts local deliveries in china. we will have the latest. card controversy. though touted as

i'm tom giles, in for emily chang.day on bloomberg "studio 1.0," brad smith, president of microsoft. ♪ tom: brad, thanks for being with us today. a lot of the last year has been spent talking about and spilling ink over this complex relationship between the u.s. and china. i'd like to hear more about your concerns about the way this is playing out between the u.s. and china, and what impact that could have on u.s. technological leadership on a global arena. brad: the u.s. is the digital technology leader in the world today, but one of the important things for all of us to remember is that we don't actually invent or create technology by ourselves. if you buy an american technology product, a product that is made by an american company, in all probability, it consists of inventions that came from silicon valley as well as bangalore and beijing and dublin and london, toronto and melbourne and the like. we need to continue that. if we were to try to construct a new digital iron curtain down the middle of the pacific, in a

in for emily chang. this is "bloomberg technology." coming up, here is an earful. listening to your most intimate moments. we will talk about the smart speaker praised and how comfortable consumers are with the conversations being transcribed. plus, facebook and google drop out of their canvas -- their 10 best places to work with. we talked to the ceo about what makes their company ceo. -- their company so unit. -- so unique. silicon valley is listening to your most intimate moments. it is the focus of bloomberg businessweek's in-depth piece on how the smart speaker praise users vulnerable to the conversations being transcribed. here with the story including the devices and use of contractors to transcribe those attimate conversations is m in seattle, sarah from san francisco, and austin from new york. let me start with you come austin. the management -- with you, austin. >> we spoke to dozens of transcribers and contractors in the stories. everywhere from ireland to india. they really had ethical quandaries with the service, they were eavesdropping on a lot custom

. ♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang.oomberg technology." coming up in the next hour, here is an earful -- silicon valley is listening to your most intimate moments. we will discuss the smart speaker craze and how vulnerable users are to the conversations being transcribed. plus, the best in tech -- facebook and google drop out of their top 10 best places to work list, but docusign makes the glassdoor list. we talk to the ceo about what makes that company so unique.

. ♪ ♪ ♪ ♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technologyates in 2019. how will it perform in 2020? tesla's delivery predictions under the microscope as the carmaker starts local deliveries in china. we will have the latest. card controversy. though t

. ♪ ♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg: technology."s turnaround. at least one analyst says it looks incredible. we hear about a guest who raised his price target to 370. plus, covering all of tech in the new year's with one of wall street's most wat

. ♪ ♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg technology."u all of our top interviews from this week. coming up, dramatic exit. expedia joins the list of companies losing executives. the ceo and cfo are out, following google. the tech sector saying a lot of goodbyes. clouds gather.

. ♪ ♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg technology" whereall of our best interviews from the week. up next, silicon valley is listening to your most intimate moments. smart speaker craze and how vulnerable users are. google drop out of the top 10 places to wo

. ♪ taylor: i'm taylor riggs in san francisco for emily chang, and this is "bloomberg technology."the next hour, tech outperforms. they shrug off the december 15 deadline for the tariff between u.s. and china. we will hear why. plus, insight on inequality an unusual move. intel shows white and asian men dominate the top pay tier.

♪ in san taylor riggs francisco in for emily chang. this is "bloomberg technology."itting highs, southwest on a rip. does it have more room to run? app -- appetizing, those lips coming up. uber and lyft went on public with much fanfare. what does 2020 have been store? the s&p 500 returning 46% so far this year. the last time we saw these gains was 2009 with the index returned 60%. the breakdown for what is driving this is michael regan. what is fueling this massive rally? mike: mostly chipmakers. lam research. there has been talk about this rotation out of growth into value. sells whatcell happened. it wasn't a great year for growth for most chip stocks. it is about the next big thing. what are the next big things? 5g, a lot of chips needed for that. is in early stages. machine learning, ai, there is a lot of optimism tilted around these innovations. the cloud computing arena has still not completely matured. the next big thing used to be social media, google, facebook, and those have matured to some degree. people are looking forward to that next big bump up in tech

in for emily chang. this is "bloomberg technology." coming up, here is an earful. most intimate moments. we will talk about the smart speaker praised and how comfortable consumers are with the conversations being transcribed. plus, facebook and google drop out of their canvas -- their 10 best

. ♪ taylor: i'm taylor riggs in san francisco for emily chang, and this is "bloomberg technology."next hour, check out performs. they shrug off the december 15 deadline for the tariff between u.s. and china. we will hear why. plus, insight on inequality an unusual move.

♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg: technology."oming up, tesla's turnaround. at least one analyst says it looks incredible. we hear about a guest who raised his price target to 370. plus, covering all of tech in the new year's with one of wall street's most watched analysts. why they like facebook and apple. legal and legislative hurdles continue for technology, especially overseas apps. we hear from senator marsha blackburn and how much more needs to be done. we begin with tesla. stock has been on a runaway rally. we saw shares of breach the ceos $420 -- of $420. an analyst joined meet to discuss whether the turnaround is working. >> if you look back at the last six months, it has been massively impressive what musk has been able to do in terms of turning this around from a demand and profitability perspective. base case, 370. is 580-300. you could start to see the stock go much higher. bull case, $580 to $600. a lot of that really rests on china. taylor: dan, i've spoken to a few neutral/bearish analysts who really are concerned

. ♪ ♪ >> i am taylor riggs in for emily chang. this is "bloomberg technology." on the move. china and the u.s. agreed to phase one of a trade deal. that includes intellectual property. plus, tensions. the strength continues to flare between alphabet employees and management. we will hem

♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg technology."here we bring you all of our top interviews from this week. coming up, dramatic exit. expedia joins the list of companies losing executives. the ceo and cfo are out, following google. the tech sector saying a lot of goodbyes. clouds gather. sources say the ftc is widening its investigation of amazon to include its massive cloud business. and u.s. senator marsha blackburn on the social media app tictoc. -- tiktok. we will hear from her after they say they have made changes. but we begin with major changes happening in alphabet. larry page and sergey brin announced they are stepping down from the tech giant. -- the google ceo will now be the ceo of both google and alphabet. they will remain active as cofounders and remain on the board. tuesday.o guests on >> it was a pretty big surprise. questions about how much longer sundar might want to be ceo of google. those questions have been a little bit. google is under a massive amount of scrutiny. he has a lot of things to juggle. there have b

♪ taylor: i am taylor riggs in san francisco, in for emily chang. this is "bloomberg technology."oming up in the next hour, clouds gather. the ftc is widening its investigation of amazon to include its massive cloud business. we will have details. plus, the stance from france, more on emmanuel macron's digital tax when we talk to the country's minister of digital affairs. tech giant huawei sues the fcc for greater access, the latest attempt to fight sanctions, but does the case have legs? our top story. crackdownovernment's on big tech and back to amazon. bloomberg has learned investigators are looking into its massive cloud computing business. sources say the agency has been asking software companies about practices around amazon web services. the unit is one of the backbones of the internet and has a cloud computing market share of more than 50%. its next biggest rival, microsoft, is 16%. joining us to discuss is an analyst from rbc capital markets, and in washington, the person who helped break the story. are you surprised regulators seem to be looking at almost every portion o

♪ taylor: i'm taylor riggs in san francisco for emily chang, and this is "bloomberg technology."oming up in the next hour, goldman to the rescue. wework gets financing. we will have the latest on the credit lifeline. plus, proposed tariffs pushes apple to the forefront of the u.s.-china trade standoff in 2019. the relationship with president trump may have helped the company avoid a steep levy. we will get thoughts from gene munster. hospitality disruptor. short-term holds that combine elements of hotels and apartments. we will hear from the ceo. but first to our top story. record highs on tuesday on averages, but something interesting happened during the day. the s&p 500 tech index closed down slightly. is this a sign of trouble to come? joining us to talk about what this means is bloomberg's abigail doolittle. i want to take a look at a chart i'm showing in my terminal which highlights some of the profit taking. i am wondering if that is what happened today given the overbought levels on the tech sector. abigail: i think you are dead on with that, taylor. that is exact a what t

. ♪ taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology."of our top interviews from this week. chipmaker -- hits the highest price in 18 months after the company reports earnings. we will break down the numbers as conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house?

. ♪ taylor: i'm taylor riggs in for emily chang, and this is the "best of bloomberg technology."ing you all of our top interviews from this week. coming up, dramatic exit. expedia joins the list of companies losing executives. its ceo and cfo are out,

♪ i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology /."lack friday sales breaking an online record. how it will be following cyber monday. crypto crackdown. china continues its assault on crypto exchanges and currencies are feeling the pressure. our extended conversation with the ceo of qualcomm. why he thinks 5g will change the we -- forever. americans got out their wallets over the holiday weekend, spending more than $70 billion on shopping over that four-day period. basics, testing cheap warehouses which will storemerchants to resources near amazon delivery locations. it will let merchants avoid storing their goods in amazon's warehouse base where they pay premium prices. we are joined by spencer. what do we know about the new service called storage and replenish? know they are giving ins a try and -- a try southern california. ontario, california. with amazon this time of year, it is always a race to create capacity. it has these expensive automated facilities with conveyor belts, robots. those facilities are expensive so it is not sma

. ♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg: technology."his week in tech. coming up, tesla's turnaround. at least one analyst says it looks incredible. we hear about a guest who raised his price target to 370. plus, 2020 picks. covering all of tech in the new year's with one of wall street's most watched analysts.

♪ taylor: i'm taylor riggs in for emily chang and this is the "best of bloomberg technology."here we bring you all of our top interviews from the week in tech. coming up london's transit authority refuses to renew uber's license. they vow to appeal. margrethe vestager tells her they will push for a global tax. shares of alibaba the trading in hong kong, ending the first trading day above listing price. our top story, uber and its uncertain future in london. the city's transit authority has refused to grant them a license, saying uber failed to adequately verify driver identities. the ceo swiftly responded, tweeting that the decision was quote wrong. he had said safety is the company's priority and will appeal the ruling. london's mayor says much more needs to be done with regards to safety. >> i am keen for london to be a hotbed of innovation but you have got to abide by the rules. what is clear is uber's policy and practices mean passenger safety is being compromised. emily: i caught up with a guest, asking him if uber or the technology itself allowed drivers not to be verifi

♪ taylor: i am taylor riggs in for emily chang.his is the best of bloomberg technology where we bring you all of our top interviews from this week in tech. in round stock hits the highest in 12 months after the company reports earnings. we will break down the numbers of semi conductor optimism. plus holiday gifts on the brain, but how are we getting to grandma's house? we explore amazon's delivery system as it ditches longtime logistics partners ups and fedex. -- tech out how big cap companies apple and facebook fared in 2019 and how each is set up for the new year. a look at tech in the markets most notably semiconductors, taking a look at the stock index, we see that chipmakers a bottomed out nearly a year ago and have been on a rally since then. chipmaker micron adding to that -- they reported first-quarter earnings this week. have a strong outlook between four and a half and $4.8 million in revenue. shortly after the company reported i got insight from the whorities and -- analyst joined me on the phone. >> they are seeing tigh

♪ taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology," wheree bring you all of our top interviews from this week. chipmaker micron hits the highest price in 18 months after the company reports earnings. we will break down the numbers as semi-conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house? we explore amazon's delivery system as it ditches ups and fedex. the year that was. we check out how big tech companies apple and facebook fared in 2019 and how each is set up for the new year. we begin with a look at tech in the markets, most notably, semi-conductors. we see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between $4.5-$4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. matt: the

♪ taylor: i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology."oming up in the next hour, clicks before q. black friday sales breaking an online record. how the holiday weekend spending will turn out following cyber monday. plus crypto crackdown. , china continues its assault on crypto exchanges, and currencies are feeling the pressure. we will have the numbers. and our extended conversation , with the ceo of qualcomm. why he thinks 5g will change the way we do business forever. it is starting to feel like the holiday season. americans got out their wallets over the holiday weekend, spending more than $70 billion on shopping over that four-day period. amazon is gearing up for the heavy spending month by heading back to basics, testing cheap warehouses. that will let merchants to store resources near amazon delivery locations. it will let merchants avoid storing their goods in amazon's warehouse base where they pay premium prices. to discuss, we are joined by y'somberg technolog spencer. what do we know about the new service called storage and repl

taylor: i am taylor riggs, and for emily chang, and this is the "best of bloomberg technology." where we bring you all of our top interviews from the week in tech. coming up, thpump the brakes. london's transit authority refuses to renew uber's license. they vow to appeal. plus,. my head, -- plus, full steam act global push fails. we will hear from her. strong debut shares of alibaba begin trading in hong kong, ending its first trading day more than six percent above listing price. our top story this week, you were and it's uncertain future in london. the city transit authority refused to grant the ride-hailing service under license on monday. the top regulators said uber failed to adequately verify drivers identities but u-verse as it has taken care of the issue. swiftly responded tweeting that the decision was "wrong." uber will appeal the ruling. london mayor says much more needs to be done with regards to safety. be am keen for london to hotbed of innovation for new businesses. you got to abide by the rules and what's clear is uber's policies passenger safety has been compro