and next big paradigm shift is coming on iot. so i believe the iot will be so big opportunity. >> the estimated size of softbank's investment will be over $30 billion. softbank aims to purchase all of arm's shares by the end of september after winning the approval of the firm's shareholders and the british courts. arm designs and licenses chips mainly for smartphones and tablet computers. the low energy consumption of its products has helped the cambridge-based company to win overwhelming market share across the globe. softbank has also pledged to double the employee head count in britain over the next five years, preserve arm's independence within the group and enable the company to continue to develop leading edge technology in britain. arm has about 4,000 people on its payroll. softbank faces a big challenge in making the arm buyout profitable given its huge price tag. softbank executives say they've secured about $17 billion after selling some stockholdings. these include shares of chinese online retail giant alibaba group. b

on iot. so i believe the iot w will be big opportunity. >> softbank aims to purchase all of arm's shares by september after winning approval of the firm's shareholders and courts. arm designs and licensing chips. the low energy consumption of its products have helped the company to win overwhelming market share across the globe. they have promised to double the head count over the next five years, preserve arm's independence and enable the company to leading technology in britain. arm has about 4,000 people on its payroll. softbank faces a big challenge in making the buyout profitable given the huge price tag. softbank executives say they have secured about $17 billion after selling some stock holdings. these include the alibaba group. but the firm plans to take out new bank loans for the arm deal. in march softbank's interest-bearing debt exceeded $110 billion. that's due to acquiring other firms. son says the company has stable income coming from its core business of mobile phones. he says

as head of intel's iot group, i am responsible for the company's iot strategy and underlying technologies. all of that includes transportation and automotive. intel has been delivering integrated or embedded commuting for things for over 35 years. investment, innovation, and standard leadership we have driven during that time provide foundational elements of that iot strategy. intel defines iot as devices which are securely connected through the network to the datacenter cloud. and it is the data from these things that can be shared and analyzed to solve problems. in fact, we believe that security is the foundation of the internet of things. our hardware and software are designed from the beginning to be secure. we built security and transistors, so the way we designed our chips. additionally, we build security into the layers of software into these things, as well as the way that data is moved from things into the cloud. so we fully realize that safety and security are essential for the promise of the internet of things to be fulfilled. transportation is one of the most promising sectors

how much do you see iot contributing to intel plus bottom line five years of now? >> it's well north of $2 billion, on its way to $5 billion. we saw the growth last year in the high teens and we expected to be in the teens again this year. it is growing fast for us and it's a profitable business. the driver here is that there is such an explosion of devices that now require computational power and conductivity. i think we are uniquely situated as a leader in both of those categories. and others have reported that you finally got a big breakthrough when it comes to mobile phone chip parts. what can you tell us about this? is it coming from apple and is it for the iphone? >> i cannot talk about specifics. our mobile strategy is that we will leverage the progress we have made in the 3g world and the lte world and when we get to 5g, we will be the leader. when we couple that with the andbility we have in cpu's graphics and programmable logic, we have an array of products we can put together for our customers. we are excited where we are. and the strategic advantage. em

>> iot is important. security, we have been active.you have looked at the ones over the 15 months, they are all in the cloud, analytics, iot. those are key areas that will drive business. emily: some people say security offerings are not good enough now, not easy enough to implement. is that an area you push on? >> if you go five years back, that is feedback we got. the team has done a job of building architecture and developing acquisitions. if you look at iot, we will operate in a distributed world where there is no parameter for enterprise. the network has to play a huge role in security. that is an announcement we made last week. the learning analytics capability, which is what you have to do from a security perspective. emily: you are a huge global business. you have an office in turkey. what does instability mean for your business? >> i told our team, i.e. quade it it to riding a different roller coaster each week as you do not know where the twists and turns are. whether it is the changing political landscape, the economic shift

>> the areas of iot is important. you saw the jasper acquisition which was core.security, we have been active. if you look at the ones we made over the last 15 months, they are in areas of cloud and security and analytics and iot and those are the key focus areas for us going forward. they are going to drive our business. you can expect we will continue to align around those areas. emily: some people say that the cisco security offerings are not good enough or easy enough to implement. is that an area you will push on? >> what you will find is if you go back five years, that was definitely the feedback we got. i think the team has done an amazing job of building an architecture and then delivering a combination of internal innovation and acquisitions and they have driven significant integration of those two capabilities. if you look atiot, we will operate in this massively distributed world where there is no perimeter for an enterprise. the network has to play a huge role in and that's one of the announcements we made last week. it was this machine learning analyt

known as the internet of things or iot. >> translator: a dish under 300 calories, please. >> the oven learns the user's tastes and proposes as many to suit. it can also suggest changes to a diet and change to unbalanced eating. the oven is expected to launch in september. it would cost about $1800. hai tech is one of the major pillars for the japanese firm to build its business. >>> here's a look at other business stories we're following. japan's toray industry has a new plant. pps demand is rising as it's more durable and lighter than steel or aluminums. toray officials hope it will become a hub. >>> apple says iphone owners in the u.s. will soon be able to register themselves as organ, eye, and tissue donors by using an app. people can sign up through a health information app to be released this autumn. the information will be sent directly to a group in the u.s. working to raise awareness of organ transplants. >>> that's a look at business news. i'll leave you with a look at the markets. >>> brazil is taking steps to address concerns ahead of the rio olympics. there's less than a m

chuck: iot is so important for us. insecurity -- in security, it has been so important for us.sitions have all been in cloud and security and analytics and iot, and those are the key issues we will continue to align around. emily: some people say cisco's security offerings are not easy enough. is that an area you will push on? chuck: if you look back five years, that was the feedback we got. our team has done a great job in innovationinternal and acquisitions. they drew significant acquisition of those capabilities. what willk at iot, happen is we will operate in this massively distributed world , where there is no perimeter for an enterprise. a the network has to play huge role in security. that is one of the announcements we may last week. machine learning analytics capability that begins at the network, which is what you will have to do from a security's perspective. so i feel good about where we are. emily: you guys are a huge global business. you have an office in turkey, where offense have been unfolding. what does instability like that mean for your business? equated it

think china is going have an important element in when we are trying to see where oil is going to go. , iotdo with bring that back to the middle eastern investors and how comfortable they are adopting the saudi producers in terms of adapting to oil supplies and oil demand. saudi arabia still remains the marginal producer. they still have a lot of leverage on a price. difficult to forecast where oil will be depending on the shale industry in the united states and the china situation. what i can say is that saudi arabia still has a lot of margin to maneuver. they will still be a price stabilizer for oil. yousef: thank you for a coming on the show. corner net -- second-quarter net is rising to 125.7 million. that is just hitting the bloomberg. that is an increase of 36%. that is one of the top benchmarks in the region. they were buying some of the stake in that company. we'll see how the investors react with the bond market comes online shortly. this is come: bloomberg. ♪ angie: welcome back. plenty of earnings have today. hard to top the electronics here in asia. giving an impressive amount o

. >> 'cause it is going to be hot, hot, h iot the way it'say i shaping up right now.apg up rig i hope okay, i oyi really do, but the way we're we' seeing things come togetherr now, some of that really superup hot air out to the west oft suspect going to come oning toe across by later in the weeke w and into the weekend.eeke so, you can see where we are w this morning at 8:00 a.m. we're already 81 degrees. going to be kind of humidf today. not going to be outrageouslyge humid today but the 95, 965, 9 high temperature is going toe io feel close to a hundred.undr thunderstorms possible late this afternoon into theft evening hours, okay.er and we have to watchg out that a a couple of those could maybe me even try and become severee sev before it's all said and done.e. we'll talk more about thataboutt during morning hours. mor here's your seven-day forecast.reca 96 today, 92 on tuesday.ay 87 on wednesday.ay. so, it's a little coolertle coo there. it's a little cooler onr wednesday, thursday.day, trsda that's bearable.at but then look what happens.appes friday, saturday, sunday we're talkin

. >> even the nurses said exactly that to me when iot got back and i was sogh devastated the to have spent there second might have been a choice. >> exactly. >> and feeling the absencece and i would agree those that like to run do so even harder but after a while if it simplifies in your mind you remember the best complicated things. >> you are so right and i stopped myself now seen john as a young man totally in love and totally involved in attorney at the state department so that his life was professionally focused >> hello. the ku. >> ed is an honor as the wife and mother and a professional you nailed it when you said all of those things and something that struck me was he had dreams for you and i imagine you had dreams for him so how does that help you getos through as a mom or as a wife or professional? >> that is a great question frankly, the therapy. [laughter] twenty [applause] twenty-five years of therapy >> we are on it. >> good for you.ears. >> thank you [laughter] >> in the way to listen to everybody but sometimes i find myself and to we lose interest or lose track of i m

so let's take you into theou iot weekend as long as we'red as looking at the futurecast.urecas it's aart on saturday.sa we will have a front that t slips down to our south. tour su futurecast still wants to cook up one or two thunderstorms,nder not a lot saturday afternoon but we're going to keep themeep in the forecast just in ann isolated way. w. here's what we get tomorrow.omor mid 90's. 94 degrees.94 degrees but as this front swingsnt swing through over the weekend we'll ' be slightly less hot and we'll l see these temperatures again a in the low and mid 90's tomorrow heading down closerlose to 90 degrees by the time we w get on into the weekend so so quick look at your weekend forecast, 90 degrees saturday. r scattered storms mainly south.or sunday probably will be the drier day at 91 and looks likeol if we see a thunderstorm it it will be fairly isolated onn sunday.sunday tomorrow at 94 and another ano real hot d 95 degrees. we may be able to see a coupleol thunderstorms roaming aroundto on tuesday that would keep useps down to about 91 degrees and perhaps an 88 thrown in forin

oc attorney general loretta lynchon says the justice department is hillary clinton and will not iot chargeess charges -- against her. the announcement comes daysom d after she had an unschedulednsed meeting with bill clintonlint aboard her plane in phoenix.ho now that she's free to focus f on her presidential bidl hillary clinton is hoping to woo some of bernie sanders supporters. >>> will he or won't he? a san antonio player tim duncan d can decides to retire it could be the end of a basketballasketb era. reports are the two time t league m.v.p. is leaning in leai that direction and an direc a announcement could come soon. there were clues duncan wase cls headed for the exit.head last season he took a pay cut so the. >> i thought he already retired. i didn't mean it in a shadyean way.y. >> don't throw shade, mo.on thr it's too early in only 4:41. 4 we have a long newscast to go. >> especially when she is fresh back from vacation.ation. >>> coming up, one of the newest members of metro'setro board is coming under fire forrr a possible conflict oftf interest.re >> police in northern virgini

argument can be made in this much uncertainty one thing for siliconinvesting in the bedrock of the iotrishaad: good talking to you. takata shares under pressure. down. is 3% it is 4%, i am being told. to beginpted this with? >> because these recalls, these faulty parts led to fatalities there have been a number of various lawsuits floating around in the have have to conduct this audit. this is initiated earlier this fall, last fall, actually. it was only discovered recently because our reporter craig trudell was pouring through hundreds of pages of documents and depositions related to these lawsuits and from that research, it emerged that there has been this potential smoking gun in which the investigator discovered that takata has in fact manipulated the data. what have we learned about how takata dealt with their air bed -- airbag customers from all of this? the session that thing was wrong with the testing. this shows one of the specific ways that they manipulated the data basically by selectively , not necessarily averaging it for adjusting the data up so that the airbag , inflated

instead of working with a mobile operator, you can go into this , and theed spectrum idea is these are iothich means they support low bandwidth type solutions, a very and expensive network to deploy that will allow people to connect more things as the cost associated with it are so low. timead: that's all we have for. thank you for joining us. we have to take a break t. the chinese company getting militant on mobile. ♪ right, a look at what is going on social media wise. some chinese tech companies warning employees that if they buy non-patriotic products, they could be fired. juliette: this is all about patriotism and claims that apple is anti-chinese. that only has 50 employees has issued a notice to employees saying that if anybody buys an iphone seven in september, they will be fired effective immediately and no readmission. they say they will help out employees who have the other models of iphones and give them a bonus in order for them to buy chinese-operated mobile phones. one person has said why would you bother to buy an expensive iphone and instead be a little bit more patriotic?

it could be iot. it could be beyond just china.f former google and microsoft folks have it in their dna to have a shot at becoming more global. both of us are investing in a company. it is a new app. lively, it was number 1 -- cory: this is a china-based thing? hans: it is based in shanghai and 10% of the team is in san francisco. 90% in shanghai. cory: 80% are my daughters are -- they are all over this app. they love this. hans: it originated in china and is on top of the u.s. charts. it was hard to imagine five years, 10 years ago. cory: coming up, the u.k. struggles to make sense of brexit. what the vote means for venture investors. we hear from one of europe's preeminent funds. ♪ cory: as global markets try to recover from the shock of brexit, index ventures just wants to get back to business as usual. they backed silicon valley's like facebook and the headquarters is in london and works throughout the eu. the san francisco outpost is a few blocks are here. bloomberg spoke with them at their london headquarters to talk about br

iot, there are just really tremendous innovations where we're working with leading technology companieshere there's phenomenal opportunity for growth. >> well, certainly this stock and it's performance over the past few years reflects some of that promise. good to see you. thank you so much for your time. >> thank you so much. thank you. >> europe closed about 60 seconds ago. >> we do have a developing situation at the united kingdom. i want to show you a live shot at downing street and david cameron will emerge to travel to buckingham palace and tender his resignation as prime minister. and teresa may will be asked by the queen to form -- to become the next prime minister and then to form the next government. and meantime european markets actually losing ground. we hit a two week policy and some of these markets are turning red as you can see. important to understand you might be here on wall street and you're down some 15% from the highs we have in 2015 in europe and you still are at a depressed state. as far as the u.k. is concerned, maybe they'll find out who the next finance minist

analog mixed signal space and look at a company like intersol, or do they also want to go into the iotce? with the acquisition with soft bank acquiring holdings, clearly sofbank wants to move into the internet of things space which is about 50 billion connected devices over the next several years will be connected to the internet. >> raj, we're going to leave it a little short. we have some breaking news. we appreciate your thoughts and insight. thank you. now let's get to susan lee with breaking news. >> check in on fiat chrysler once again selling off in the session after report suggesting that they were basically cooperating with the department of justice into an inquiry. looks like they have confirmed this now in a press release. fiat chrysler confirming they are also cooperating with the s.e.c. now into the investigation of reporting of vehicle unit sales to end customers in the u.s., also similar issues and inquiries into these similar issues recently made by the u.s. department of justice. we did have this report coming out earlier on that looks like the chrysler they are under

in terms of building for industrial and iot, that's going to be a combination of both getting that into curriculum, and the mindset of student coming out of computer science degrees to think about how do i designed with security but it's also incumbent upon corporations that are building the devices to make it a priority to develop the architecture with security in mind and then manufacture some of security capabilities into the industrial control over with a device is from the get-go. adding it after it's already shipped is very difficult. building it in up front so it can be managed by a system after the fact, much, much better. i think it will be a combination of industry and education. >> how many years -- thank you for the question. you were aiming includes many, many years ago. as a whole side of securing these systems that's not typical cybersecurity, not the protocol. how do we bring those teams together, that look at the light that flashes on and off out how to bring this together with the guys that are running the ip protocol, standard internet geeks, to monitor the stuff mile

. >> i'm not a doctor and iot d don't play one own tv.own reagan national refuses tous give me a number.berdulles 67.ll up in baltimore bwi marshallar 68 degrees. degrees very, very comfortable overnight. we have 50, 50's off to the t north and west early this morning.morn without a lot of humidityouid we're able to cool it off atff little bit at night.ht. that water helps hold the heat during those heat waivers. we'll do that again this weekis with temperatures expected toteo be well into the 90's by they middle and ends of the week.ofhw not the case today.od monday looks fantastic.tastic sunshine, relatively low humidity. temperatures in the mid tour upper 80's and it should be andi dry afternoon but look out or be prepared. p more heat is on the way by they middle and end of the week.e 88 today. looks good.oo tomorrow looks good.morroo and then some storms and heat aa by the end of the wee erin is back with your roads.r r everybody is back to workis back today, hm. >> yes, they are.es, are. 7:27 and tucker i started srt seeing backups as early as 5:15 this morning.his mor this is a look

but if you also look at iot, that's another market they're chasing. >> internet of things. >> that's i think that's on the market they want to go after. so they're definitely trying to change their stripes. last earnings for the first time they admitted that the pc side is a little weak, massive restructuring going on 12,000 employees there. so definitely trying to reposition more the data center the good side of things. >> what would make this company do what microsoft has done? by which i mean, have a stock that punches out of the range in which it has lived for the last decade. >> i think it's a little bit more difficult on this side because it's a hardware company. hardware always tends to have issues with margins. but less than cloud more scaleable. so i think that's where intel is trying to go after larger markets, internet of things for example. but it will take a little bit of time to get that moving versus where the pc market is or where the handset market is. definitely in terms of profitability data center is where their going to put all the money in, that and acquisition