caroline: hyperloop one ceo rob lloyd.a chance to catch up with the company's executive chairman and ask about how this project is being funded. >> we've raised $160 million in funding in our 2.5 year history of founding, so as we talk about this ability to do loa moon shots, it is pretty spectacular. investors, present and future, who will be part of what we are building, so it is flowing quite well. we will have more to say in the near future. caroline: such exciting projects like these are not often without controversy. one has been between you and the original ctl. how hao. o. are 250 people, incredible talent, building this, everything is looking really great. any slowdownbeen in our progress to make the hyperloop a reality. caroline: coming up, future restrictions could drive tech talent to india. we will look at how it could benefit from u.s. visa reform. the return of mcafee, reemerging as a standalone company after being scooped up by intel. we will speak about the private equity landscape. that is next. this is b

caroline: that was hyperloop one executive chairman.ing up, we will hear from the man behind the ebay of latin america. say abouts to competing with amazon. this is bloomberg. ♪ someine: in buenos aires, of the country's biggest countries are in attendance. mercadolibre was there to protect its market share from amazon. we caught up with them about their strategic priorities. >> we have a huge opportunity in payments and financing. we have created a large platform in latin america. last year we had 20 billion buyers and eight billionlast yee sellers. [no audio] -- in argentina and brazil. we are doing well. caroline: spotify is planning on going public this year. willigital music company not go to the traditional ipo route. they are considering a direct listing. spotify could register shares on a public exchange. spotify is targeting a $10 billion valuation. shares could be listed as early as september. the largest cable operator in offering comcast, unlimited data on verizon's network. escalate a price war in the mobile phone business.

caroline: hyperloop one ceo rob lloyd. a chance to catch up with the company's executive chairman and asked about how this project is being funded. >> we've raised $160 million in funding in our 2.5-year history of founding, so it has been we , talk about this ability to do moon shots, build something from an idea to now in the deserts of nevada of reality is pretty spectacular. ,nd we have got great investors present and future, who will be part of what we are building, so it is going quite well. we will have more to say in the near future. caroline: such exciting projects as these sometimes are not without controversy. and one of those controversies has been the lawsuit between you and the original cofounder you , and the original cto. how does that affect money? shervin: we are going from strength to strength. we are 250 people, incredible talent. we are building this. we are -- everything is looking really great. there hasn't there hasn't been , any slowdown in our progress to make the hyperloop a reality. caroline: co

the creator of hyperloop run will join us.ng the review of its strategy a month after the takeover bid from kraft-heinz, we'll have the l unilever ceo on with us. back in a moment. hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. >>> welcome back to "squawk box" live from the nasdaq market site. time now for the executive edge. theranos founder elizabeth holmes reportedly owes the company about $25 million. >> unbelievable story. >> amazing. the "wall street journal" says the debt was disclosed in a document being circulated to a select group of investors. theranos is reportedly seeking to exchange some of holmes' personal holdings for a promise not to sue the company or its executives. you would hope some of ther 25 million would still be around. >> is part of the 25 million her ho

hyperloop had plans to hold a public test of a prototype in late spring. the ceo earlier this month when he was optimistic about the future. >> we are very excited that, within the next couple of months, we are going to show the world that hyperloop is real . excited.etty caroline: coming up, major tech firms are speaking out about the need for tech -- for diverse city the numbers show little change. we will discuss what companies are doing to make their workforce more diverse. this is bloomberg. ♪ caroline: companies have grown more transparent about diversity. they have poured millions into initiatives with the aim of recruiting and retaining more women and minorities, but much of what they done -- they've don e just hasn't worked. years since the company started reporting these stats, apple's increase in female employees has been incremental. where do things stand now for tech firms, big and small, and what's being done to fix it? that was the topic of this week's "game plan" podcast. rebecca greenberg -- rebecca greenfield joins me, as does ellen huet.

hyperloop. >> hyperloop?ish the trains didn't get derailed. >> two derails in penn station in two weeks. >> we can work on that. >> talking about tunneling the entire way apparently. >> tunneling the entire way. >> he's going to tunnel. >> tunnel. tunnel the entire way. we can't even tunnel from jersey to new york. >> yes we do. it is a very big infrastructure project. >> the second avenue tunnel was like -- >> took quite some time and not done yet. >> the longest tunnel in the country? >> the longest tunnel in the country, the -- >> the euchary tunnel still trying to repair from sandy. >> the expansion of the verraza verrazano, correct? >> i think. >> jim what is on "mad" tonight? >> we have david kohn. no we have cyrusone data center. the symbol is cone. david, he picks that perfect game, wasn't fort mets, it was for the yankees. >> david kohn pitched a perfect game for the yankees but he was a key part of the cog of the '88-'89 -- >> best team was not with the mets. >> jim, i -- >> i'm wearing my phillie p

and anybody, mag-lev, hyperloop, high speed rail, they're all going to require enormous amounts of investment. and the business model doesn't support it. >> reporter: u.s. high speed rail has been nothing but a pipe dream for decades. it's expensive to build and maintain. regulatory hurdles are high and take years to clear. and debilitatingly, local opposition almost always emerges. while the mag-lev vision is purely japanese, making it reality will be a purely american feat. for "nightly business report," i'm morgan brennan. >>> on that note, that is "nightly business report" for tonight. i'm sue herera. thanks for joining us. have a great evening and we will see you right here tomorrow.

what about the hyperloop? >> a good idea in terms of convenience. but the infrastructure cost, i don't know who's going to pay for that. >> reporter: he thinks in the future more of us will live in cities. so infrastructure spending should bring nature into urban areas. things like the highline in new york. >> you create a country neighborhood in the middle of the met rropolismetropolis. you have to think of all this. >> reporter: he's been right before. for "nightly business report," jane wells in los angeles. >> he could be right again. >> he's got that picture of the kentucky derby. i want him to think about who is going to win the kentucky derby. then we've got something there. >> then we've got something. that does it for "nightly business report," i'm sue herera. >> i'm bill griffeth. have a great weekend, everybody. see you monday.

hyperalone one hyperloop one, a tube 1600 feet long is finished in the nevada desert. since it's complete the company hopes to start testing it soon. the ultimate plan is to build 11 routes across the country including one from l.a. to san diego. >>> speaking of space, nasa has just released up close shots of jupiter. our biggest planet of all made its closest approach to earth this week at some 415 million miles away. that's when nasa's hubble space telescope got to business capturing these images. they showcase the red spot and the smaller red spot junior seen on the lower right. >> beautiful pictures. >> it's stormy on jupiter. can you snell [ laughter ] tell? [ laughter ] >>> it's going to be stormy but not as bad as yesterday. the one that rolled through again the front the cold front that blasted through the bay area at 11:00 last night until 2 a.m. but we do have more rain in the forecast. good morning, everybody. this is our live hi-def doppler radar. see all that green on your screen? anywhere from the santa cruz mountains lifting into modesto. that is the fro

you've got the hyperloop idea out there.re a lot of people that are thinking differently about our commute. there are many hurdles ahead for the sector. how do investors look at this emerging field? with us is the ceo of starburst accelerator, which helps startups raise seed funding. you were in davos at the elevate event. event.as really a great what strikes me the most is the energy was there. it was the beginning of a new era. a lot of order has been addressed, discussed. i'm sure what we are going to see, what we discuss, we see that in the coming years very soon. caroline: uber said it would like to see flying vehicles being demo'd in 2020. is this a reality, how quickly we start to see uber using the source of flying vehicles? toyeah, i think it's going be reality. i think it will happen much quicker than we thought a year ago, because there's a couple of elements that are ready now. we look at the battery, they have the right density, the right energy storage. battery ok. the supercharger ready too. in short order you

the company hyperloop one announced the first test track is complete nearly 1600 feet long in the nevadaince the tube is complete, the company hopes to start testing the technology soon. the ultimate plan is to build 11 routes across the country including one from l.a. to san diego and roberta is going to be the first one to try it. >> i have to drive to barstow next saturday so i'm the first to volunteer about that. >> we have heard about your seven to nine hours. >> it depends on the traffic. one of the best rides is on a motorcycle from barstow to vegas. it depends on the time of the year and the windstorm. it's cross-country which we considered at that time -- >> -- >> it's in the desert. it's not on the road. [ laughter ] >> there's still those speed limit signs. [ laughter ] >> rober , let's talk about traffic. >>> we have mass transit issues. if you use bart today or for the weekend listen up. right now, from fremont station into richmond, you have a 20- minute delay and also a 10- minute delay systemwide due to weather-related issues. on saturday and sunday no service between fru

people are actually building hyperloops because he talked about the idea. if this can be done, he can probably orchestrate it. >> i guess my question would be and, ryan, maybe weigh in on this. what would comprised getting something done or doing something in this area? is it just to kind of back some of the ongoing deep research into the area? he's talking about an actual product at some point. what's the relative need for this any time soon? >> so first of all, i think this is what we all wanted. i think that to watch entrepreneurs or technologists go over and tackle these moon shots with these aggressive funds and a lot of experience in getting stuff done, that's what we have all been hoping for. you've seen it with sean parker who has done a lot in cancer. you've seen brian johnson work on something. we don't know a lot about our brains. you see this with nfl studies. we don't know. we all have one. we're all worried about productivity. not to mention all of the health care benefits that are going come out of this. this is awesome. i wish more people we

hearet: coming up, we will what the hyperloop one ceo says about building a system in the middle easter: rex tillerson is making a statement in florida. himetary tillerson: to join here at mar-a-lago. he will spend time with their chinese counterparts. it will be very useful to all of us. it is an honor to receive the chinese delegation at mar-a-lago and build on the dialogue i began last month in beijing with president xi and other leaders in china. in the past 40 years, the united states and china have developed deep ties. this administration is committed to ensuring these ties for the next 40 years. we do desire to establish policies that maintain a constructive, cooperative and results oriented trajectory. high on the list of our priorities is an economic relationship that is fair on both sides. today will be a time to exchange candid views on the u.s.-china relationship and we look forward to additional discussions in the future on topics of mutual importance. as president trump has said, the chief goal of our trade policies is the prosperity of the american worker. pursue end, w

the hyperloop out there, so a lot of people are thinking about our commute.ine: great insights from and the a week wrapup hundred day wrap up when it comes to trump and tech. abigail and scarlet? abigail: up next, our segment in the u.s. women's team won the gold medal, but they brought home a lot more, including a win for a pay. this is bloomberg -- equal pay. this is bloomberg. abigail: this is "bloomberg i'm abigail doolittle. scarlet: and i and scarlet fu. mayusa women's hockey team have won the championship, but it was also a win for equal pay. financialwanted support that included training outside the olympic series, improved travel, and the formation of a committee to develop youth hockey for girls. talk, i's walk the spoke with a partner who represented them. deal really focused on three primary areas, as did the 15 month negotiation process. includeree areas compensation for the include compensation for the players, increased -- years where they were playing only nine games the year. that second category is increased programs, and the third is increa

sitting through a number of panel discussions on a wide range of topics incoming everything from the hyperloopnnel high speed rail and work force issues, and how to build apprenticeship into vocational training. a lot on the table here today. what stood out to me, though, the president talking about who he's talking to, who the kitchen cabinet is in terms of infrastructure plan, which could be a trillion dollars or more. expected to roll out later this year. a couple familiar names here from the real estate team. take a listen. >> i'm working with steve and richard lefrak, two good builders, great builders, and they know how to get things done. we'll set up a committee headed by steve and richard, and we're going to cut a lot of red tape. >> reporter: close-knit comment as you know up there. they have been involved with jared, the president's son-in-law, one of the topmost influ end issue advisers here at the white house and real estate deals in the past. everyone in the world knows everybody, and we had tom, not up with you, but down here at the white house offering his reactions to the meeti

now he's dealing with the brain thing and the hyperloop -- >> did you catch john cena proposing thiskend? that was something. wwe. >> nice ring. >> huge ring. wwe -- they're starting to do much better subscriptions. i think there's new things. that just happened. >> wwe, they were here last week. >> i'm telling you the numbers are going to jump for them. these kind of events -- the snobs on wall street don't realize how big wwe is. >> but they do know how big john cena is. >> very big. >> very large. >> bell ringer. >> i think this matters. >> when we come back we'll get cramer's "mad dash." look at the premarket on the first day of the quarter, back in just a moment. see things your way. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision into action. ♪ ♪ it's your trade. e*trade. start trading today at etrade.com that's why a cutting edgeworld. university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 6

if they gave him a free ride on the hyperloop, he'd volunteer. >> okay.dding another company to his portfolio, but he's going to be ceo of, can he -- -- >> of course -- >> here's the -- >> another jorkack dorsey. >> tesla shares are $300 a share. if you own tesla, you think east iron man as the case may be. you believe in the cult that he gets stuff done. it's less the matter of spreading himself thin -- >> you think? >> and, also, what is -- what's involved in being ceo of the new venture? backing some of the existing deep research in the area? i don't know. >> says it's 8-10 years. >> exactly. it's a long -- >> before there's commercial application. a long lead line, but, mike, he's executed on basically everything that he's pioneered. >> give him the benefit of the doubt he'll continue to execute. i just feel like they are giving him a long leash. >> wall street has a history of always giving somebody the benefit of the doubt. they gave eddie and sears, the benefit of the doubt all the way down from 250 a share all the way down to, i think, it's $8 rig