tom: where will mashayoshi son and his investments?where, seemingly both geographically and industrywide, to hone in on the india question, you are right. he did try to orchestrate some kind of a merger between these two rivals. the better to fend off of the amazon threat, which seems to be very real and also ubiquitous, much like the softbank vision fund. that did not pan out. the next best thing is to invest the capital in both of the companies, so they at least have a fighting chance against this war chest that amazon has. it is a big market, 500 million people. e-commerce is really taking off in india in all kinds of ways. better to invest in two different rivals and have amazon take the one you have that you are invested in and tear it apart and not give help to the , other one. caroline: there was a reputation thing with amazon, he was one of the first investors in alibaba. they made significant returns. what is so significant about the vision fund and mashayoshi son, is the sheer breadth of this. you look at what ridesharing has

he spent years investing alongside mashayoshi son, after working for years at google.part two of our exclusive conversation. i asked about who is winning in the self driving car race and how soon they will hit the road. nikesh: i am in the camp that it will be a long time before we see a large proliferation of self driving cars around us. the retooling we need to get to scale is far away. we haven't thought about the ownership model and the societal problems it will cause and how do you park these cars? where you put them? we may see people who can do tests and show you what can work in short order. but large-scale deployment and having an impact on the rental business or ride hailing as this -- is further away than we think. bely: should uber and didi working on self driving cars? nikesh: i don't think the ridesharing businesses should be worried about making their own self driving cars at this point. emily: why not? nikesh: i think it is early. the ride hailing industry has not settled down. we have not figured out where that industry is going to stabilize. they have

it will make mashayoshi son flipkart's biggest shareholder.n bossa jeff bezos plans to spend at least $5 billion on his indian market that is seen growing at 30% a year. yvonne: international and shanghai farms among the bidders for a specialty drugmaker. they are looking for a stake of 20% to 30%, $700 million. arbor is looking for a potential ipo. management prefers to sell only a minority stake. parent missing's growth estimates again in the face of competition from facebook, instagram. this is bloomberg. ♪ yvonne: it is 7:30 a.m. friday in hong kong. we are waiting for the first major market opens. equities in the red after this escalation and the trump talks. jumping 44%.x it was a down day for wall street, overnight. betty: certainly a down day in wall street. the s&p down almost 1.5%. 7:30 p.m. thursday evening in new york. markets are in the red. i am betty liu in new york. yvonne: i am yvonne man in hong kong. this is "daybreak asia." >> the new york fed president is more positive about the u.s. painting a picture that is improving fo