we will talk more with john lilly.is bloomberg. ♪ greylock partners $1 billion fund -- the latest in fundraising funds. investments in startups are slowing. back with me is john lilly of greylock partners. what's of questions about what kind of investments you will be making, any changes in strategy. how will it be allocated? john: it will be the same. study she goes. around 50 years and we want to make a billion-dollar fund like the round we raised in 2015. we have the same people around plus some new partners. we tend to invest in companies like linkedin and facebook and instagram. we tend to invest in enterprise software and we will add some things to that mix. a couple of questions from twitter -- you've had some big exits you have discussed. can you talk about managing expectations? to be inare gratified some of the most important companies round -- dropbox and some up-and-coming companies like next door and medium. gratified and work hard. he had to act like it is a new fund. we have proof we are valuable to entr

you.nt to hear from we will be talking with john lilly. semi your questions.is all, for now, from san francisco. ♪ ♪ >> from our studios in new york city, this is "charlie rose." here.e: steve aot is he is known for his energetic and infectious sounds. he is also known for his onstage antics, that includes champagne showers. says, his music does i have a personality. .teve has a personality with more than 300 shows a year, he has been called the hardest working dj in the industry. a new documentary on netflix reveals the lesser-known dimension on

speakingwe will be with john lilly. send us your questions for him to at bloomberg tech tv.them on the show. if you always want to know what goes on behind closed doors, check out our new podcast, presented by brad stone and his quite rivalries and uncountable truths. available on itunes. this is bloomberg. ♪ emily: china's third-largest private equity firm is making a big bet on artificial intelligence in the u.k.. planning on backing early artificial intelligence startups and launch a new company from scratch every year. we began by asking how this partnership came about. >> this chinese conglomerate wants to be at the heart of this and they saw us in this model, which is a multi-sector accelerator that would put them at the heart of the london and european tech scene. emily: how will the information be swapped between the two countries? how much will factory companies be getting access to china? >> it is an exciting thing about this deal. they are going to be doing more and more with artificial intelligence and big data in china. it is important to note that this is an ar

joining us now is john libby, mike -- lilly, mike herman.ike, our numbers show people could be affected by this. what does it mean for apple and google? mike: this is not happening in march, april or june. it is happening ahead of the holiday season, the most important quarter for every technology project maker, consumer tech product maker, especially apple and samsung. huge news for google because their phone is coming out two weeks from now and huge news for apple because they are getting ready to go into this massive holiday season. for samsung, they will miss the boat on one of the most important quarters. emily: i was speaking with the global vice president of xiaomi and he did not seem to think it would be a huge long-term problem. take a listen. >> they will recover and get their brand back. it is really perhaps a small mistake that will cost them dearly but i don't think this is a long-term problem. emily: look, there have been incidents of lithium ion batteries in the past. boeing had it in their planes. they recovered and we still

john lilly, you are sticking with me. thank you to both of you for weighing in.e are streaming our first show on twitter today and we ask we smartphone? samsung over 500 people took the pole. 72% said no. the timing could not be better for apple, with the release of the iphone 7, or google, which announced plans to announce their own high-end phone. who stands to benefit the most from the galaxy note 7 debacle? joining us now is john libby, herman.lilly, mike mike, our numbers show people could be affected by this. what does it mean for apple and google? ine: this is not happening march, april or june. it is happening ahead of the holiday season, the most important quarter for every technology project maker, consumer tech product maker, especially apple and samsung. huge news for google because their phone is coming out two weeks from now and huge news for apple because they are getting ready to go into this massive holiday season. for samsung, they will miss the boat on one of the most important quarters. il i was speaking wi the global vice president of xiaomi

rolled up a chair right there outside 30th street station and gave john and amy and little lilly annacare. >> social media can sometimes bring out the worse in the people. it brought out the best in people. >> particularly this time of year. it brought out the best in people. >> take joe's post about john's eye looking like it needed medical care that. caught the eye of his elizabeth town college buddies including dug wisner. >> he became aware of this win app hour or something. reached out, hey, doug will take care of this. >> the guy looks better. >> i feel better, too. >> he did right there at wills eye hospital where he's an ophthalmologist. >> he was wearing one contact that he had for a year and he was sleeping in it. he didn't have any way to clean it. it was causing an early stage of infection. >> reporter: looking up, that's most definitely the shape of things for john and amy and lilly anna. >> mommies and daddies lilly anna mae know more than most three year olds how precious her time is with her parents. for months they've had to kiss her goodbye every single night. what h

rolled up a chair right there outside 30th street station and gave john and amy and little lilly annaing care. >> social media can sometimes bring out the worst in people. it brought out the best in people. >> bout out the best in people. >> reporter: take this post by john's eye looking like it needed medical care. that caught the eye of his elizabeth town college buddies including doug wisner. >> dug wife' mia became aware of this within an hour or something, and just reached out, hey, doug will take care of th this. >> the i z look better. >> thank you. they feel better, too. >> reporter: did he right there at wills eye hospital where he's an ophthalmologist. >> he was wearing one contact that he had for a year and he was sleeping in it. he didn't have any way to clean it. it was causing an early stage of infection. >> look up. >> reporter: looking up, that's most definitely the shape of things for john and amy and lilly anna. >> yes a daddy kitty an mommy kitty. >> reporter: mommies and daddies lilly anna mae know more than most three year olds about how precious her time is with

john lechleiter, eli lilly's ceo and president. to report earnings after three quarters of decline. will iphone sales make a comeback? from new york, this is bloomberg. ♪ alix: this is bloomberg daybreak, i am alix steel. apple reports earnings after the closing bell. this is apple shipments and revenue for the last five quarters. we take a look at the last quarter that it reported, you ,phone shipment sales down 15% the blue bar, and revenue down 10%, the white bar. be 45 million to but that would be the third straight quarter of decline. is that the trough, will it get better? side,ms of the revenue what has made it so hard for apple to deliver on revenue growth is its average selling price, key for the earnings report after the bell. those have been coming down about $595 per phone. part of that was their launch into those made phone ranges. for this quarter that they will be reporting, the average price estimate is $625 and some analysts say that is too conservative. do we see a move higher in terms of that data point? doolittl

that's most definitely the shape of things for john and amy and little leanna. >> mommies and daddies lilly more than most three-year-old how precious her time is with her parents. for months, they've had to kiss her goodbye every single night. >> what has it been like dropping off your baby at one place and having to go to another place to spend the night so you're separated every night? >> it was terrible for all of us but amy would just cry. lilly would cry and scream every night. >> not any longer because of hard-working folks at volunteers of america they can sleep under one roof in shelter together awaiting their very own apartment and dreaming about the day they can help others. >> when you see that person selling a paper or needing a lift, what are you going to do. >> pay it forward. pay it forward. >> it's not just their lives that have changed. he's soaking in his family his little boy, even more ever since he stopped that one day. >> every night a little argument i want to have bath. have a short bath. and since that moment there have been no arguments about any of that. yeah, le

then later eli lilly announcing a commitment to global health care. johnhleiter will join us for that first on cnbc. >>> still to come, inside hasbro's toy chest. sales jumping this quarter thanks in part to elsa and olaf. >> so cute. like little baby unicorn. >> hasbro ceo joins us in a "squawk box" exclusive interview. we'll be right back. >>> let's get to our special guest blackrock founder and ceo larry fink is here. what i first want to talk about is just -- i want to see whether you think there's anything to this. active management. there's got to be a reason it's not working. i'm just wondering if it's not working because of the fed and because of zero interest rates so there's no actually price discovery anymore. so guys that used to be able to do things based on stuff that worked forever because assets get valued in a very sort of logical way, when everything is just -- you know, when nothing's actually being valued structurally, then there's a problem. i'm wondering whether we should be worried about that. >> well, i think with all the central ba

digs further into an eli lilly missing profit estimates in the third quarter. ceo johnes, political pressure intensifies. he answers questions in the house of lords today. will he finished out his term? earnings trickling in this morning. proctor and gamble is up next,

lilly out with quarterly results. the drug maker earned 88 cents a share missing by 8 cents. revenue also short of estimates. joining us johnechleiter. this is his last earnings report before retiring. the wires services, everybody analyzing -- and we have talked about it again and again when you've come on. you've dealt with patent operations guiding the company through these. and it looked like that was mostly finished. maybe that's one of the reasons you feel comfortable retiring. but in this most recent quarter i don't know whether you call it a little bump in the road. but it was sales of certain drugs abroad that were below, i guess, analyst expectations. why'd that happen? >> well, joe, i think for the quarter first of all we stopped giving quarterly guidance some time ago. i think what's important is we kept our guidance range intact 250 to 360 for the year. we increased guidance revenue for the year. ous sales were down. that's pretty much the residue of the impact of some patents. i think the key story is volume growth of our newly launched products. we've had seven approvaled since 2014. we're up 7%. that mid-sin