emily: what should facebook do? aould it be behaving for like mea company, greater responsibility for monitoring or moderating fake on inaccurate news? michael: maybe the answer is yes. there is something that might point the way. the law in the united states ctually gives deep protection to copyright. so if facebook or youtube or twitter receives notice that the photograph that is being shared is under copyright of an owner and the not want it distributed or shared in a way the copyright, those companies have to take wift action to remove or segregate those copyrighted materials. technology series of solutions that allow them to limit the impact and istribution of those materials once they're on notice. the same thing has never hurtful with speech or speech or emotionally violent speech, a video of a little kid online.at there is no law that requires it of these pages to remove if they're put on notice. think there is a technology solution here, a media or platform company, technology can of these problems if it's

emily: why not twitter? kevin: there were a lot of companies, there was google. facebook the one that took it seriously and i think mark acted quickly and decisively. at the same time, you look at the pairing now and it feels native, like it makes sense. emily: google was interested in buying you? kevin: i think every company at that point was. i don't think google specifically, but companies were interested in what instagram was up to. we were a bit of an anomaly because people would see us and there would be 13 people. at the same time, we had all this growth. they couldn't get why those two things could be true the same time. i think a lot of people wrote off photos. i think no one quite understood how important photos would be for the future of social media and expression. if you look at the way people express themselves now, it is not through just chat. it's through photos and sending them to each other. no one quite understood that was the revolution that instagram was about to embark on at the time. emily: facebook bought instagram for about $1 billion. a year late

emily facebook and twitter are : doubling down on online video. amazon and netflix is spending a lot of money on original content as well as apple. youtube does a little bit of all of these things. do you see any focus or priority on the line in any one particular area? susan: we are focused on being a platform so we have content that is available to anyone and everyone. if you want to have the broadest reach, you have content anyone to get it out to everybody, youtube is a great way to do that. we also have a subscription service. the largest creator has more than 45 million followers and subscribers on our platform. if you look at those creators, they a lot of times will be doing one thing on youtube but also thinking, maybe i should do a movie or a series, and so we have been doing original content as part of our subscription service for our creators to be able to take it to the next level. emily: what is the balance you intend to strike between subscription revenue and ad revenue? susan: if you look forward, maybe five years from now you will

emily: long-time investor in facebook.you think facebook needs to take on greater responsibility when it comes to fake or inaccurate news? should they consider themselves a media company or a technology company? yuri: i think facebook is very serious about this. you recognize there is a high concentration of value in internet companies. probably 80% of value is concentrated in less than 10 companies. each one of them has a responsibility. so i think it does not only apply to facebook, it applies to all of them around the world to think about things like that. emily: looking into 2017, talk to me about how you are dividing your time in terms of travel and what technologies your most excited about. yuri: i am 80% focused on investing, and 20% focused on nonprofit initiatives like we talked about. and as we talked about it, 20% of our investments are concentrated in the u.s., 40% in china, 20% in the rest of the world. that is how i try to allocate my time. emily: when it comes to new technology, what do you like that is out

emily: mark cuban made a point that is getting a lot of attention about what it means for facebook, applegoogle. take a listen to what he had to say. >> they are five of the seven most valuable companies, and all have established dominant positions. that is exactly why the time warner acquisition for at&t is it an important strategic acquisition. alone, it will be difficult if not impossible for either to compete with the companies i mentioned. together it will still be difficult, but they will have a chance to battle the dominant players and increase consumer choice. emily: would you echo that in terms of fallout? >> with respect, i would disagree with mr. cuban. the reality is that the video content that is available on facebook or on any of the other platforms that he mentioned does not compete. with the linear programming that is available from the time when -- time warner cable media empire. it is a case of apples and oranges. if you look at this merger for what it is, it is a concentration of too much market power in the hands of one firm with a questionable track record. we see no

the core of what facebook is. emily: do you think facebook should move beyond the core?hink that communication is the biggest market in the world. communication cannot be undervalued. so are there a lot of other communication paradigms and are there other ways of communicating that facebook could enable? does it make sense for facebook to buy something like snapchat? does it make sense for facebook to expand more into real-time communication, so not just broadcast-based where you are sharing with the group and it's essentially public? facebook messenger is really no different from instant messaging, which we have had since the mid-1990's, going back to irc and the early internet. facebook is very good at understanding the core communication network apps that they should own and are there more of those out there? absolutely. there are enormous opportunities left in communication. emily: you mean enormous opportunities left in terms of what facebook could buy? sean: in terms of what facebook could build or buy. >> do you think twitter survives? sean: i think twitter is a v

emily: you meet with not just mark but jan and brendan. how was instagram taking on things facebookooking at, like virtual-reality? kevin systrom: if you can experience -- feel like you experience whatever is happening in the world, an imagine putting on a headset and being at a coldplay concert, being at a riot anywhere in the world, or something as simple as a friend's wedding. that is the kind of experience we love to create and i think virtual-reality in the coming years will play a critical role in that coming true. emily: how about artificial intelligence? do see more of that in the future? kevin systrom: for sure. i mean one thing i have learned , through the history of instagram is that the more personalization you add, if you can have an experience that caters to you, you can use machine learning and artificial intelligence to make a much better experience for you. emily: what about e-commerce. do you think about adding a "buy" button to instagram? are there any plans for that? kevin systrom: where we start and where we will end is at two different places. we have a buy but

emily: twitter, amazon, facebook pursuing live feeds. susan: we do a lot of highlights for sports.did that in the whole football season, did really well on youtube. a full game, right? those are very competitive and a lot of people bidding for them and they are very expensive and traditional media are also competing for them. i think a level change over the next five years, but at this point right now we are really focused on the highlights so that users can see those key moments. emily: how do you think things will change over the next five years? susan: the bigger players have stronger ad models, subsections and it will be able to be more -- subscriptions and it will be able to compete for more of the sports rights. emily: the headlines talk about youtube at war with the music industry. everyone from taylor swift, paul mccartney that say they do not like the way you do business. you see a future where there is a middle ground? susan: working with the music industry, i learned there are a lot of constituents in the music industry and they do not all agree with each other, right? t

emily: coming up, facebook remains in the spotlight over fake news.uld the social network be held accountable? the ceo ways in. -- weigh s in. and our episodes are no streaming. this is bloomberg. ♪ . speed always wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. bu

emily: a longtime investor and facebook.o you think facebook needs to take on greater responsibility when it comes to accurate news. should they consider themselves a media company or a technology company? >> i think facebook is very serious about this. every single major company like this, you recognize there is a very high concentration of value in internet companies, you know. 80% of value is within those companies. each one of them has responsibilities. nk, it does not only apply to facebook. it applies to all of them around the world to think about that. 2017, talking into to me about how you are dividing your time, in terms of your travel and what technology you are most excited about? >> i and 80% focused on investing and 20% focused on the profit initiative, like the ones we talked about. our investments are concentrated in the u.s., thein china, and 20% in rest of the world. emily: when it comes to new technology, what? do you like that is ou do you like that is t there? where do you think the growth will be? >> som

emily: coming up, facebook remains in the spotlight over fake news.uld the social network be held accountable? the ceo weighs in. and a reminder, all episodes of "bloomberg tech" are now streaming. check us out at bloomberg tech.tv weekdays. this is bloomberg. ♪ >> welcome back. i'm emily chang. investors are rushing to snap up shares of snapchat's parent company ahead of next year's i.p.o. but they are having little luck as they search the typical sources of private stock by employees and investors. consumers are facing the same challenges as they scout out the company's first hardware product, spectacles. we were able to get our hands on the elusive specs. snap's first investor, jeremy liew, brought the gadget over for a test run. how did you get your spectacles? i have a feeling you did not wait in line for six hours. jeremy: i have some friends at snapchat. i called in a favor. emily: if you don't have friends at snapchat, the only way to get your hands on snap's new camera-clad spectacles is to stand in line for hours at pop-up vending machines a

emily: coming up, facebook remains in the spotlight over fake news.d the social network be held accountable? the ceo weighs in. in a reminder, all episodes of "bloomberg tech" are now streaming. this is bloomberg. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow intern

emily: coming up, facebook remains in the spotlight over fake news.d the social network be held accountable? a ceo weighs in. and a reminder, all episodes of "bloomberg tech" are now streaming. this is bloomberg. ♪ ♪ italian prime minister matteo renzi lost his referendum and resigned. traders see the beginning of a slide to dollar parity. the vote had 60% support, almost all votes counted. the anti-establishment five star party is seen as the big winner. donald trump criticized china amid fallout from his phone call with taiwan's president. he tweeted that beijing did not ask permission to defy you its currency or increased militancy in the south china sea. the south korean opposition may votes to impeach president park over the influence peddling scandal. a faction in her party has agreed to support a parliamentary motion on friday. it is backed by 171 opposition lawmakers, plus 29 to reach the 300 required. a criminal filed complaint over last week's plane disaster in columbia. it says the jet was allowed to leave even though it's flight plan broke

emily: what do you think facebook should do?hould they behave more like a media company than a technology company? should they take greater responsibility for moderate -- monitoring and moderating fake news? ishael: i think the question yes, but there is another thing in technology. the law in the united states actually gives deep protection to copyright. if any of these companies receive a notice that the photograph that is being shared is under copyright of an owner and the owner does not want it copyrighted or shared come all of a sudden those companies have to take swift action to remove or otherwise segregate those copyrighted materials. as a result, what is born is a series of technology solutions that allow them to limit the impact and distribution of copyrighted materials once they are on notice. the same thing has not happened with speech or hurtful speech or emotionally violent speech, a video for example of a little kid being beat up online. there is no law that requires one of these pages to remove it if they are put

[inaudible] emily: apples tim cook, facebook's sheryl sandberg, amazons jeff bezos were all in attendancefor the tech giants, this meeting was an attempt to persuade trump to avoid policies that might hurt their companies pertaining to immigration, internet security, regulation, and government investment. ahead of the meeting, the oracle ceo stressed, we are net exporters. over 60% of our sales are overseas. better trade deals are very much in our interest. joining us from outside trump tower, selena wang. i did speak to a source who was briefed on this meeting who said the top three topics were jobs, immigration, and china, that the meeting was very friendly, very productive. a few sub-topics, they addressed infrastructure, education, repatriation. give us the rundown. i know you've seen all of these folks walk in and walked out. they didn't really speak to reporters. tell us what you've seen. >> you are right, they didn't really speak to reporters. the lobbyists -- lobby flooded with reporters. we did get a glimpse at the beginning of the meeting. trump tried to strike a conciliatory to

emily: that said, companies like facebook, google, and apple also have a big dog in this fight on the netflix, and interestingly, mark cuban made an argument about the at&t-time warner merger on capitol hill yesterday, that this type of merger is necessary to create a powerhouse that can compete with the apples, facebooks, and googles of the world. flesh that out for me. cory: the argument is big business and small business. companies like netflix, what is their policy going to be, and what does that mean that might stifle innovation for much smaller companies that come up with innovation? the fcc under tom wheeler has tried to say, we are going to set up policies to allow anyone to access customers and homes regardless of what their business is at the moment. the policy that might be followed by a more conservative fcc would be to say, we are going to make big money pay your way and big money will get you access on this new internet with fewer rules. it could be a dramatic change. if you look at the operating margins for netflix, here's why it matters. this is a company with single-d

emily: apple's tim cook, facebook's sheryl sandberg, and amazon's jeff bezos were in attendance.or the tech giants this was a chance to attempt donald trump to avoid policies that may hurt their companies, policies pertaining to immigration, internet security, regulation on government investment. ahead of the meeting, oracle co-ceo katz said "we are net exporters. over 60% of our sales are overseas. so better trade deals are very much in our interest." we caught up with james check mark, analyst, and our bloomberg tech reporter outside of trump tower. >> they did not speak to reporters. the lobby was flooded with reporters with tourists watching. we did get a glimpse at the beginning of the meeting. trump really try to do strike a conciliatory tone. he started off the meeting by praising peter thiel as an innovator. he praised silicon valley for how important they were, all of the stuff they have been able to accomplish. he said, i want you to keep innovating. i am here to help. he said call me any time. call my people any time. he said we really don't have a formal chain of comm

i applaud facebook for thinking about this problem in a unique way. emily's certainly not a game. do you think that ultimately this is going to be enough for that facebook itself needs to take a greater role? crawford: it's not a game. i don't mean to say that. what i mean is that it starts to get people to participate. do i think -- i think facebook has to play a significant role here. and just like 30 years ago, it was really important for newspapers to allow people to have a voice, to be able to write into the editor, to be able to get those op-eds published. i think it's very important that the users of facebook start to participate and also that facebook thinks of itself as a distribution site for media and a place where media is consumed. i have said testimony times, facebook and twitter is the future of media. emily: crawford del prete, thanks so much for stopping by as always. star wars movie "rogue one" is set to light the box office on fire. it may take in $155 million when it opens nationwide december 16. before it is expected $460 million domest

emily: twitter, amazon, and facebook are pursuing live feeds.o a lot of highlights for sports. we did that in the whole football season, did really well on youtube. a full game, right? those are very competitive and a lot of people are bidding for them, and they are really expensive, and traditional media are also competing for them. i think a lot will change over the next five years, but at this point right now we are really focused on the highlights so that users can see those key moments. emily: how do you think things will change over the next five years? susan: the bigger players have stronger ad models, subscriptions, and it will be able to compete for more of the sports rights. emily: the headlines talk about youtube at war with the music industry. everyone from taylor swift to paul mccartney is saying that they do not like the way you do business. you see a future where there is a middle ground? susan: working with the music industry, i learned there are a lot of constituents in the music industry and they do not all agree with each othe

police posted these photos on its facebook page - showing students at red apple school receiving 'comfort items' from officers.kevin dalley and his daughter 9- year-old emily dalley were killed after a suspected drunk driver crashed into them last month in caledonia. the west allis police department is searching for a woman who vanished after leaving potawatomi hotel and casino.43-year-old tiffany san felippo was last seen driving week ago. here's the license plate... it's 8-4-9-s-p-x. the car was found a week later in milwaukee. if you know where she is, you are asked to call the west allis police department at 414- 302- happening now -- police are looking for a gunman who shot an ohio firefighter while

there was a lot of debate on facebook and twitter and people who have called friends. emilystill happening. guest: i took a week to step back and say, way, why are we -- wait why are we not talking , about what is the actual cause of why a large portion of our society want it a certain way and the more you realize it, it is coming from the place of people have very little hope. they have no jobs. the economic prospects are dark. and people are fearful. and to make it all about silicon valley is the wrong way to think about it. i think we are contributing to the big changes in the society. it behooves us as this industry of change to take a step back and perhaps have a sense of understanding and empathy toward people who we tend to impact. emily: mark cuban tweeted, we all need to give president-elect trump a chance, no one is bigger than us all. i wonder, empathy to what extent? if some of these folks are in jobs in industries that are outdated, do we do this to the extent of holding back progress and holding back innovation? guest: i never said we should hold back progress.

emily one of our favorite people on facebook she said guilty. >> uh-huh. >> conconsider to connie, totall them to save it i don't want it. >> you said something like half of people. >> 45% of people regift a present. >> what i read is 85% say it is acceptable. so they maybe don't do it, but 85% s a few guidelines if you would like to regift. >> i want to know do you have to tell the person you are going to regift it? because on facebook these days they might see someone else having it. >> you don't have to tell them that's part of this. the key is is the gift regiftable? you should never regift something that is handmade, like a morning blend ornament that somebody made especially for you or something that is a one of a kind item. that kind of goes, a friend takes time to make you a scarf keep going. >> i love this. what is the condition, should be new, unopen and in good condition. the other thing is that regifters use commonsense. don't regift a present to somebody who gave it to you. >> or in the same friend circle where they are going to see it. >> that's the key they said remember wh

you can find the information on our facebook page, and if not, there's a gofundme set up for emily randising medical bills. >> i was going to ask you has emily seen of video of her getting punched? >> no, her family would never do that, it would spark horrible images and memories she may not want to. >> remember what about her outlook? her future? it's a long road to recovery. >> from the hospital, she was ready to go out. got back in, going to be a year or two in rehab hospital. she's only 19 years old. >> i feel bad obviously for what happened to emily, she is the poster child for all women to not throw punches at men, you never know what the reaction will be. never do it. never start the fight. >> unfortunately this violence against women seems to be tolerated on one end and fought hard against on the other side. we haven't figured it out, you are not two equal fighting partners, it's sad. with domestic violence as high as it is. it's sickening to me. >> before we get to the story, i want to introduce our guest chaser for the day. chip. good to have you. >> great to be here. >> inten

this is bloomberg. ♪ emily: in the latest tech revolving door, changes at the top of facebook's virtualty, oculus. it is going to divide itself into two groups, desktop vr and headset, and the other will focus on mobile vr. in a statement, i really miss the deep day to day involvement in building a brand-new product. the facebook ceo will lead the search for a new oculus ceo. the oculus founder will also be moving to an undisclosed numeral. yahoo! disclosed a second major security breach that may have affected more than one billion users. the company said it has not been able to identify the intrusion associated with this third-party in 2013. it is important to clarify that this is a separate hack from the one that yahoo! announced in september, in which 500,000 accounts were compromised. this is ahead of the sale to verizon. >> yahoo! just announced 500 million account breach, forensic experts, scoured the network, and put out regulatory findings. this is a second breach. the way they learn about this is very interesting. an outside cyber security researcher saw this for sale on the bl

emily: as the u.s. stock benchmarks -- byde, and -- by, andrew -- facebook and google are underperforming since presidentt mugabe be as big three lap. cory johnson joins us with the takeaways in the tech sector. i thought it would be useful to go through a couple of the companies and really try to understand some of the fundamentals, things that might change under a trump administration. there is great concern about, as it relates to netflix, how business cost of doing could change with a different fcc. the fcc cannot turn over completely. it has to be no more than three of the five members from any one political party. but jessica rosenberg has been a good friend of bloomberg west. she has to be appointed by commerce to stay on the commission, and that is not a given at all. be a lotre, there will of other fcc choices. the role of the road could change quite a bit. emily: remind us why netflix is so prominent in this debate. isn't it something like 40% of internet traffic at times is netflix? cory: that's exactly it. depends on the measures, the numbers are all over the place, but a lot of the traffic o

police posted these photos on its facebook page - showing students at red apple school receiving 'comfort items' from officers.kevin dalley and his daughter 9- year-old emily dalley were killed after a suspected drunk driver crashed into them last month in caledonia. the west allis police department is searching for a woman who vanished after leaving potawatomi hotel and casino.43-year-old tiffany san felippo was last seen driving week ago. here's the license plate... it's 8-4-9-s-p-x. the car was found a week later in milwaukee. if you know where she is, you are asked to call the west allis police department at 414- 302- happening now -- police are looking for a gunman who shot an ohio firefighter while responding to a house fire. it happened in youngstown as the firefighter was riding in a fire tru the firefighter was hit as the bullet went through the door of the truck.no word on the condition of the firefighter. the suspect fled on foot... police believe the shooter used a rifle. governor scott walker says he's open to having the state help pay for a new juvenile corrections center in milwaukee county.right now-- the state's two juvenile facilities sha

emily: there has been a land grab for companies like google, apple, facebook.r ascending to the ranks of a big tech company? eric: i think uber is a hot place to the. a lot of these engineers are drawn internally to work on the self driving car problem. there is a question on how strong the problems are there. as long as uber pushes the agenda and says we will play around with flying cars next and support that -- i think as long as the questions remain interesting and there are challenges, they will bring in better and better engineers. i think they certainly are a big enough company. emily: you said it. flying cars. prediction from eric newcomer. turning now to the gaming world, sony has an under the radar hit on its hands with more than 7 million downloads, beating poke mon go. it is called state grant order. the game allowing gamers to back in time and team up with historical figures like your narda da vinci -- leonardo da vinic. it has been at the top of the rankings on year. for more, eugene joins us live from tokyo. the big draw of pokemon go was this aug

emily: we will be following that meeting tomorrow. olivia and alex, thank you. and the latest tech revolving door, changes at the top of facebook's reality unit oculus. itd is stepping down as divides into two groups. desktop-based, the other will be mobile vr. read will focus on the desktop division, and he says he missed diversion ofy crating a new product. will lead ther search for a new oculus ceo. coming up, one year after taking -- this helm at bigs, is bloomberg. ♪ emily: a story we are watching out of cuba. google has signed a deal to expand internet access and the company -- country, which is known for its extremely slow connection. the deal will give speedier access to sites on the google platform like gmail and youtube. google opened a technology center in havana earlier this year as part of a white house deal to expand internet access to the country. of thisedition of "out world," another delay for spacex. the company has officially postponed the first manned fright of its crude dragon vehicle. may 2018.n pushed to it is the capsule spacex is astronauts tond the international space station. there has been speculation

facebook photos. the opposite happened. it has grown to become a massive platform. emily: interesting. all right, ryan hoover, ceo of product hunt. capitalide, venture reporter. thank you so much for stopping by. watching,ory we are driven by large orders and yells, plus, a new product push. i sat down with ceo aaron levie to talk about what is fueling growth. >> one of the core things about our product is that it makes sense to any sized business in any industry around the world. we see dramatic expansion because of new customers on board. we have 69,000 businesses that use the product. accounts.ing extended some of our new products that we launched that our products in terms of the revenue model have actually been performing very well. coming up, we get our hands on snap spectacle think to jeremy lou from lightspeed. this is bloomberg. ♪ emily: there has been a major shakeup at small books. howard schultz is stepping down as ceo next year but thing on as executive chairman. he built the coffee empire and spent two separate times as officer. johnson is known as a tech veteran before j

emily: we will be following that meeting tomorrow. thank you both. in the latest tech revolving door, changes at the top of facebook'seality unit oculus. the co is stepping down as the company divides itself into two groups internally. and the focuses on vr other on mobile vr like what they have developed for the samsung gear vr. in a statement he said i miss the deep day-to-day involvement was building a new product. i can dive back into engineering and product development." the facebook ceo will leave the search for a new oculus ceo. the farmer -- founder will be moving to an undisclosed numeral. -- new role. gary lewis moving on to alibaba's south china morning post. we would hear from him next. this is bloomberg. ♪ molly: a story we are watching out of cuba. google has signed a deal to expand internet access in the country which is known for its extremely slow connection. the deal would give speedier access to sites on the google platform like gmail, youtube. google opened technology in havana as part of a white house initiative to expand internet access to the country. edition of out of this world, another delay

emily: instagram is part of a coalition to crack down on terrorist speech. the eu is wanting technology companies to take a greater stand against terrorist content. facebook microsoft are teaming up and they will andte a digital database content can be flagged so that if a video shows up on twitter a cannot also be posted on facebook. tell us little more. it gives it a fingerprint. if it seems to be related to a terrorist organization and it pops up, they would be able to stop it in the future and immediately alert microsoft and google. it is down to the individual service provider as to whether they take that particular video off-line if they do find it on a particular service provider, but it is meant to show eu , today it became official that the eu said you're not doing enough quick enough. you promised us six months ago when you joined this agreement, this code of conduct, that in 24 hours you would be able to basically take down any offensive hate speech or terrorism related postings. only 40% of that has been taken down within 24 hours. germany, where i am normally based, is seriously trying to clamp down on this. they're saying by the end of next

emily: so, yuri milner, fascinating guy, from russia originally, a physicist himself. one of the first investors in twitter and facebookshare his thoughts on the election of donald trump and diplomatic issues between the u.s. and china, the u.s. and russia, and he deferred on that thing he's not a policy expert, but one thing he knows, the forward march of technology cannot be stopped by a single election. we talked about what this means for the global economy, as specially the -- especially the global tech economy. listen to what he had to say. we have $12 billion of value created, 25% in china, and then the rest in the rest of the world -- my prediction is in the next 10, 20 years, this trend will continue and many more trillions of dollars will excitingd in this space. so, i'm not good at short term predictions, what's going to happen next year, but i would bet the next 10, 20 years we will see a lot of value coming out of places like silicon valley, beijing, tel aviv, london, bangalore. milner, a guy with very lofty ambitions. he is spinning about 40 5% of his time and funds in the night of states. of his time and

facebook page we asked, how are you staying warm in today's cold weather. well, here's lea from virginia with a colorful scarf and an interesting look on her face. here's emilyed up. get out there in the cold and take some shots and maybe we'll put them on tv. >> very smart. >> don't stay out there for long. >> today was not that bad compared to yesterday. i mean, the wind chills were anywhere from 4 below to 15 yesterday and now it's just the temperature is the temperature. it's 27, it's cold but it's not 27 and then you factor in the wind and it's like 15. it's cold but it's bearable. let's start with a live look outside from our live michael and son weather cam. the temperatures are not going to go down much. it's 9 at dulles for a new record low. sitting on 27. dew points only 3 degrees. the humidity at 36%. remember the dew points yesterday below zero. that's still a pretty low dew point though and that's one thing that's going to keep anything from hitting the ground for a while. it's going to take a while for the atmosphere to become saturated. a yellow weather alert and a winter weather advisory over night, tomorrow morning. the critical time midnigh

emily: you already have partnerships with big tech companies, ibm and microsoft and i you have a partnership with google and facebook. do you have concerns that they will add box type functionality? what is unique about the cloud is as enterprises move to the cloud, they will use more applications than ever before. some companies have 30-50-'s -- 30, 50, 100 staffers that power different enterprises. you are going to want your content and data to be stored securely in one place and connect to all the applications. our fundamental strategy is to be the agnostic horizontal platform that connects those services. emily: you, like many in silicon valley, were vocal about the presidential election. you had a conference -- you had a tagline "make software great again." aaron: that was when it was a joke. emily: you created the first task, trump can create -- keep america great is if he can help the country move forward. what are your concerns? aaron: there are two big components of trump specifically moving into office. the first is i think the campaign that we saw over the past year, the rhetoric from the campaign created