you will hear our exclusive interview with the eu competition commissioner margrethe vestager.odesk's first report card. how did the pivot to the cloud impact their bottom line? we will crunch the numbers with the company's interim co-c.e.o. first to our lead, snap continues to pop on the new york stock exchange. shares continue to rise, ending the day up 10%. also riding high is its investors. they were the first institution to financially back it. the vc has been on a seller run i in recent months with sales in at the o's. joining me now from san francisco, the managing director barry eggers and founding partner. what a story you have to tell on the back of snap. it was, what? five years ago you sat in the daughternd saw your playing with a new app and had to take a look? >> that is right. about five years ago today, i walked into the kitchen. my son and daughter and some of their friends from high school were looking at their phones and laughing. i was curious what they were doing. i asked what they were doing. my daughter said, hey, dad, have you heard about this app? it is

coming up friday, margrethe vestager.onnie: live from bloomberg headquarters in new york, i'm vonnie quinn. mark: i'm mark barton. this is bloomberg markets. let's check in with emma chandra. >> theresa may's government is facing -- preparing for it brexit\. in the u.s., investigators planted question president trump son-in-law. that is according to the new york times. so looselyof a wider trump associate in russian officials. federation has told bloomberg the impact of changing regulations could be devastating. last week, the president labor -- in canada,nee work --rudeau will be will reportedly were to legalize marijuana. that will follow on one of the prime minister's campaign promises. mark: oil producers over the weekend voicing they are limiteding extending supply. harry, thanks for joining us. is there an inevitability that will opec will roll over. recently, it has complicated mathers for itself -- matters for itself. when you look at the amount of cuts in the pledge, it is not realistic they will achieve that goa

i spoke with the woman who made that decision, margrethe vestager, in a first on cnbc interview.r rejected because the uk voted to leave the eu. >> no, it happened that during the market test, we found that there was reason to believe concerned if the remedy was viable. and therefore, there was a problem to be solved and unfortunately, the parties couldn't deliver what was needed. >> but the new company would have been headquartered in london, taxed in the uk. clearly german lawmakers were not happy with that. it didn't factor in? >> well, i think on the contrary, people had big expectations for this company to emerge. and obviously, you know, in europe we have no ban against monopolies. but obviously you still need to have effective competition and this would have led to the de facto monopoly. what we care about is competition and then other authorities may look at financial stability concerns. that kind of thing. but for us it's the competition concerns that are the important thing. >> i wonder how you feel separate than any of your work on the specific merger proposal and othe

margrethe vestager said this. >> the u.k. is part of the european union until it is not anymore.ans it is part and parcel of the legislation and directory you --ector of director review until that is not anymore. that is the beginning of the procedure. oliver: they deal would informed competition by creating a de facto monopoly. -- a potential deal to redevelop a manhattan building links to the trump family falls apart. they pull that to buy starwood hotels last year. that is your bloomberg business update. this is bloomberg. ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call rfree information kityour with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your m

the woman behind that margrethe vestager will be joining us. you won't want to miss that.ion shift in human history is happening before our eyes. sixty to seventy million people are moving to cities everyear. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure anemerging markets partner with pgim the global investment management businesses of prudential. experience exceptionffers on sales event isere. get up to $2,500 ctomer cash on select 2017 mel for these terms. experience amazing at your lexus dealer. >>> welcome back to squawk on the streets. i am kate rogers. stocks for consumer discretionary are the top so far. they include nordstrom, khol's, target and gap and check out amazon trading at an all-time high. consumer discretionary just after tech. down nor "squawk alley." >>> it is 8:00 a.m. in san jose, california. 11:00 a.m. here on wall street and "squawk alley" is live. ♪

. ♪ margrethe vestage ♪ tom: extraordinary news this morning. let us get to our first word news.e u.s., vice president mike pence reportedly used his personal to conduct's nest being governor of indiana. the account was compromised i hackers last year. aid rejects comparisons with hillary clinton. british prime minister theresa may says it is a personal priority to keep scotland in the u.k. nicola, she accused sturgeon of a sacrificing the region's living standards in his pursuit of the break away from the u.k. more trouble from french presidential candidate, fred -- francois fillon. his supporters can no longer support him. there is a report that police searched his home. -- ading alleged fixed fictitious jobs held by his wife and children. global news 24 hours a day powered by our 2600 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. francine: thank you so much. let us keep the focus on france. macron in places front of fillon. what is significant about this new poll? mark: polls are just pulls but marine le pen has held the lead in fir