paul allen made an incredible claim. paul allen made an incredible contribution.sonal computers before he and bill gates got going but i think there were many other people innovating in and around that area and if it hadn't have been gates and allen, some otherjewel or treo coming out at the same time would have, but let's not underestimate the impact paul allen had. and how does it change the behaviour, the way we now take personal computing for granted ? it was at the forefront, wasn't it? tremendous at the forefront. when bill gates came out with a vision that we should have a computer at every desk and every home, we were ata every desk and every home, we were at a point when very few people had computers, there were locked in basements and there we leave them lying about on our couches. paul allen that the company in 1983, he was ill but went on to retain a major holding, which means he has a $200 billion legacy. it is a $20 billion legacy, but it is still a lot! he did extremely well, he held onto his shares and he showed his relentless curiosity, he ended u

so he reached out to paul allen, who had graduated from lakeside and just completed his freshman yearllege. >> i get paul back to help me. he comes and works with me that summer. >> this is when the idea for microsoft took root. it started with a conversation about chips. microprocessor chips. each one is essentially the brains of a computer. and as they got smaller, cheaper and more powerful. gates and allen knew so too would computers. >> we were like, how come everybody's not not amazed by this? this wild thing. and i said to paul, this will change the world. computing will be effectively free and it'll be used for all these things. and that's the foundation of our hey, we are going to take this insight about software and microprocessors. we're going to do something. and so that dialog starts with paul while i'm still in high school. >> well, they talked to the future. they were getting better at programing every day. >> towards the end of my high school years, a company that was doing a very complex piece of software, trw was looking for people who were good at doing that. this wa

the co—founder of microsoft, paul allen, has died at the age of 65.ributes pour in from across the tech world. live from london, that's our top story on tuesday the 16th of october. bill gates has described his life—long friend paul allen as a pioneer, saying that personal computing wouldn't have existed without him. also in the programme... google‘s boss gives more detail of its plans to re—enter china — a market it abandoned over censorship concerns. markets are focused on events in italy today, where the government is set to approve a new budget for next year. it's hoping the eu will avoid a confrontation over its high debt levels and promise to borrow even more to pay for election promises. firms have never had more

paul allen resigned from microsoft in 1983. helped usher in the era of personal computing along with high school friend bill gates. the company paul allen and bill gates would go on to found, microsoft, in 1975. a a cancer diagnosis and disagreement with bill gates led to paul allen allen's departure from the company in 1983. three years later, he founded an investment firm to manage his intereststs. >> he had a huge vision on how to improve the world. a big part of our forward plans are to help realize that vision and to continue what he wanted to get done. reporter: in a statement, bill gates said he was heartbroken about losing one of his dearest friends. >> he deserved much more time, but his contributions to the world of technology and philanthropy will live on for generations to come. i will miss him tremendously. reporter: microsoft's current ceo has also paid tribute to alan saying, he helped change the world. fall allenen's esestate in micrt made him a billionaire. forbes estimated his wealth that more than $20 billion

paul allen isn't a name we know as well as bill gates. hearing from many today, modern computer inc wouldn't be where it is today without him. -- computer inc. that's right. gates has taken all of the headlines with the microsoft story but aleen was there at the start. —— allen. he left microsoft early in its journey in 1983. he and gates fell out over the direction but also shareholding in the business, it can often happen in business. but listening to what gates said about his friend, and they remain friends all their lives, very warm tributes to him this morning and an absolutely groundbreaking... not just in morning and an absolutely groundbreaking... notjust in terms of computing, but in his future life after microsoft, supporting wider scientific endeavour. he had a very successful second career as an adventure capitalist —— and then the capitalist, didn't he? yes, the lampre best, venture capitalist —— and venture capitalists. —— venture capitalist —— philanthropist. a very eclectic character. without him we simply wouldn't have th

the new paul allen. this is what he had to say about the values of paul allen. >> it felt like it was about sharing, it was not about building an empire. he did it quietly. it wasn't like he was beating his chest and telling the world what a great person he was. it was the right thing to do. he hired great people. hopefully they will continue. david: it's important, this was a quiet man. he was an introvert. we see ceos that are larger-than-life, he was smaller than life and he had a major impact. alix: he was the brains behind the operation. it's a big loss for the second philanthropic communities. david: we will bring you more on paul allen's contribution to his industry in the world. paul allen was 65 years old. ♪ taylor: we have your business flash. walmart expects some of the fastest sales growth next year. the largest retailer said it they are getting more digital customers. sales grew 3% as expected. that would be the fastest pace since 2008. the largest health insurer added hundreds of thousands

and you know i know you should read paul allen's book and paul allen's memoir is very good and i think he has some resentment but bill gates was pretty awesome and he knew how to code and run a company. >> there are several other passages he she referred to in this section where it seems clear allen doesn't really capitulate as much as he just says i just understood this was the way we could best work together and this is the way we could actually get things done and they seem to take their roles on. >> sometimes we think these partnerships and collaborations are mysterious but then you should step back and realize that's the way -- we evolve into things like that. i would have been on "cnn" and some other things and you have to think sometimes this is the way life is and sometimes partnerships have a lot of tension in it that these partnerships are very productive. i will tell you the last product launch i went to for apple very near the end for steve. i was in the green room and there was wise and we shouldn't be too judgmental about partnerships that have tension on them especially

i'm paul allen and sydney. shery: we are counting down to asia's major market open. -- i'm paul allen in sydney. shery: i'm shery ahn in new york. we are counting down to asia's major market opens. paul: trade talks resume in washington, paving the way for high-level discussions next month. some reports say and interim deal will be struck. the oecd has a new warning about global growth and says rising protectionism is a drag anchor and governments are not doing enough. and more signs of stress. the fed will add liquidity to a vital corner of funding markets for a fourth straight day on friday. later, huawei unveils an android powered smartphone without any google apps on the device. how the u.s. ban is holding back the techtarget. first, we are seeing u.s. futures at the moment unchanged after u.s. stocks ended mixed on this thursday. we have seen stocks gained ground after positive comments on trade coming from the white house economic advisor, larry kudlow, but then those stocks pared back earlier gains after

paul, allen in december of that year is going to the harvard square newsstand right in the middle of harvard square because his friend bill gates is at harvard and is convince paul to drop out into even to come to cambridge. so he's there and he sees this thing and he says it's happening without us. he grabbed a copy of the magazine and its snowing and he trudges through the slush to the carrier house which is bill gates house at the harbor. he said this is happening without us. bill as you know starts rocking as he's reading and these rocking. he blows off all the exams and they sit there using the computer right next to the mar mark i but a pdp one and a later version of the pdp at the harbor computation lab and they write basic for the altaire. bill gates basically doesn't shave at this point by paul allen can agree -- at least grow sideburns. they want to figure out what to do when they realize that paul allen is going to have to be the one to bring it to albuquerque when they make this altaire but bill is sort of in charge. so they decide that bill should call ed robertson say we

i am paul allen. shery: i am shery ahn in new york. beijing.elina wang in we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. as investors weigh signs of progress. china that negotiations are constructive. violence returns to hong kong, demonstrators clashing with police for a 16th consecutive weekend. inside aramco, access to the biggest refining hit by drones next -- last weekend. shery: we are seeing u.s. futures gaining .4% after coming from wall street fell on friday. we had trade related news, not being felt well by the markets. we were up throughout the session but then we had reports the chinese delegation would not be visiting u.s. performs which led to a fall in the equity markets. there were concerns over the trade negotiations. we had consumer stocks declining, trade sensitive stocks falling like tech. the nasdaq fell the most in two weeks down .8%. rally throughout the week, yields going towards 170 at the moment but we are seeing u.s. futures gaining ground after media report

paul: i'm paul allen in sydney.atching daybreak australia of it quick flash of the latest headlines. toshiba is finalizing the sale of its flash chip memory unit despite opposition. thank capital will be named the buyer on wednesday, but the plant faces resistance because the group now includes several competitors, including seagate technology. betty: infosys has been given a month to fix glitches in its tech. the company is trying to find returns and facing problems rectifying errors and software bugs. the network is supposed to handle 3 billion invoices a month but critics say it is not capable of matching credit, tax collections, and refunds. paul: hong kong security regulars are pushing through with their plan to invest in initial public offerings despite scrapping changes to the listing projects. the proposals were announced last year. says it is less about enforcement, more about tackling problems before they happen. takeover.osed what is going on here? paul: this has gone to the high court. cbs has gotten the

of course that is bound up in the story of bill gates and paul allen and steve wozniak. i want to talk about that because we have the apple i over there. i wonder if when you started the book did you intend to examine the personal relationship as a part of the story? >> when we were to talk would talk about the visionaries and engineers can often the teams have steve jobs make a stand alan, john lockley, all the way down the list for the kernel and in the computer sense of the kernel of the operating system. he was the one that said no make it about the pc into and the internet so i interviewed him very many times in seattle, but the really important thing is that when it comes along it does exactly what we said was it takes something that is a big and impersonal thing like a computer that up until then we kind of fear was going to be controlled by the government into the pentagon and corporations but he makes it something a hobbyist can do. with all due respect it has a few lights and switches but people went nuts because you could slaughter it and make it do things and

the death of microsoft cofounder paul allen.started microsoft with bill gates and used the fortune he made to invest in professional sports teams, cable tv, and real estate. he was 65. , whong us now is dena bass covers microsoft. so first of all, what was his legacy here? dena: when you look at paul allen's work, he together with bill gates really created the computer software industry as we know it. they created a situation where we have hundreds of billions of dollars of software sales for smaller, more affordable computers on desktops and in offices. in the 1970's, computers were very expensive, very rare, and software was complex. they saw this moment where computers were starting to become smaller and more affordable, and realized there was a need for software to run computers that a number of people could use. they could take advantage of that when they founded microsoft. shery: post microsoft, what would be a summary of what he has done since then and his legacy after what he really is best known for? dina: sure, he has

i am paul allen in sydney. >> we are counting down to asia's market opens. paul: here are the top stories we are covering in the next hour. china threatens a strong response to president trump's huawei ban. america, tom inside o. nike and adidas called the trade war catastrophic. asx 100 sees its biggest decline in a week. effect. ripple how the trump administration chokehold is reverberating throughout the supply chain. that of course had an effect on u.s. stocks. semi conductors leading declines in today's session. the philadelphia semiconductor index plunging 4% for a third session. it did not help that president trump came out in an interview and said he was very happy with the trade war with china and that china would not become a superpower under his watch. we saw the nasdaq falling the most in a week. s&p futures at the moment are higher, .2%. >> we are bracing for a down day. it's looking more like a mixed session with nikkei futures looking higher. global supply chain woes over huawei, tech shares and chinese retaliation. the rally may be losing stea

haidi: paul allen.australian shadow treasurer joins us for the opposition view on the federal budget and singapore's future. the prime minister will be sworn in. breaking news, we are hearing the president has informed the president, jean-paul that he is out of the company after extended disputed tension between the state-controlled giant in the broader in -- broader government. we've seen the settling down of tensions as a government battle over the chief executive. we had a dispute inside the administration causing shares to swing wildly. reported rumors he would be fired. after a few weeks that were called for the ceo. we are now hearing that magdala will be the new president. she was the general director of the national petroleum agency so we will bring you more details, the former ceo under fire who wanted to bring down fuel prices and create job creating investments. the market opens in sydney and tokyo are next, this is bloomberg. ♪ annabelle: we are counting down to asia's major market opens. we

i am paul allen in sydney. we are under one hour away from the australian market open. ening. i am shery ahn. welcome to "daybreak asia." paul: our top stories this wednesday, treading water. asian markets on pods ahead of ahead of the pause testimony. investors want some guidance on where rates are going. urgent and

i'm paul allen. shery: i'm shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. wall street tumbles as china hits back on tariffs. president trump warns beijing not to go too far. stocks fall the most since january. investors seek safety with gold up the most since february. the yen has strengthened in early trading. oil dropping for a third day and the racing earlier gains sparked by new tensions in the middle east. shery: later in bloomberg technology global link, uber suffers another day of selling. the stock down about 20% through its first four days of the market. islook at how the ceo selling the broad game. stocks losing more today as they did in the whole of last week. the dow lost more than 600 points. we saw stocks that are trade sensitive such as caterpillar and apple losing about 5%. more than 450 stocks lost ground on the s&p 500 which fell 2.4%. tech and industrials leading the decline. nasdaq testing the biggest decline of the year. 10 year treasury y

i'm paul allen. shery: i'm shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering the next hour. the impeachment inquiry widens. rudy giuliani's order to hand over all communications with ukrainian officials. the reserve bank of australia meets later with most economists predicting the rates will be cut to a new low. years as the0 people's republic and communist party rule. we are live from beijing and hong kong. shery: let's get you quick started on how the markets are trading. u.s. futures gaining one quarter of a percent, this coming off the back of gains we saw on this u.s. session with the s&p 500 gaining .5%. the s&p 500 gaining ground for the third quarter in a row, managing to rebound in the month of september after the losses we saw in august. when it comes to today's session, we saw every sector in the green except for financials and energy. we have 10 year yields paring back some of the earlier gains to train around 1.67%. wti fell below $55 a barrel. tech f

paul: i am paul allen in sydney. shery: i am shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories, hong kong braces for a citywide general strike as chinese state media warned beijing will not allow the unrest to continue. stocks are set for a losing streak. investors are preparing for a bumpy start in the terror threats and tensions in the gulf. great decision -- rate decisions this week. and gun control on the u.s. agenda after shootings leaving 30 dead in texas and ohio. let's get you started with a quick check of market close. it was another day of risk off, not just a day but a week of risk off. we have not seen such losses this whole year. in fact we have not seen such massive selloff since december 2018, before the fed did a u-turn and turned dovish grid we have taken energy leading the declines, the dow at the lowest level in six weeks, the nasdaq losing a percent or we have the lingering impact of new tariffs on chinese goods imposed by president trump. we had decent jobs numbers but thel 10

news still to come the business world mourns the passing of microsoft co-founder paul allen bill gates currently in berlin because the allens life was dedicated to improving other people's lives. then for the one we'll have that story for you coming right up and dozens. of. earth. home tunes of species. go home worth seeing if you can. get those are big changes and most start with small steps but the ideas tell stories of could induce people into innovative projects around the world. to use to control the climate loosed range solutions and reforestation. interactive content to choose the next generation of doesn't want to touch actually. using all channels available to inspire people to take action and more determined to build something here for the next generation along the indias the environment series of global three thousand on t.w. and online. the digital. europe still going to fall apart because of italy's big budget a promise from italy's economy minister he says substantially raising the deficit will boost growth not date. diesel gave fumes a go for audi as german prosecutors s

paul allen has an update on brexit. paul: that's right. the european union's is the u.k.'s divorce settlement is 80% complete but warns what is left is the biggest stumbling block. much progress has been made while floating ideas about how financial services would interact after brexit. the deal so far includes protection for u.k. citizens having in the bloc and for eu citizens in britain. and a 21 month transition period. president trump arrived in europe and headed a nato meeting in a one-on-one summit with president putin. trump said those talks would be the eu's -- easiest leg of his trip. he also demanded -- he declined to bring his russian counterpart as a friend or foe, saying he is a competitor, not a rival. two contenders have emerged in the race to succeed the chief of morgan stanley. another possible candidate will become head of international operations. he has been shuffling senior executives to groom as a potential successor, although he has indicated he plans to stay on for several years. former apple engineer is being accused of stealing trade secrets for c

bill gates and paul allen they were after harvard and get a computer store at the bookstore in harvard square there was a magazine popular electronics january one thousand seventy five and it had a picture of the l tear on the cover that was the gun that was fired the start of the race for them the old to all the dinosaur of posts in the computer who's a rudimentary tool a mix of total switches and flashing lights it is reborn thanks to bill gates and paul island by creating a programming language for the ultima called basic they provide it with intelligence. level lucia knowing. the languages thing was what they were passionate about bill gates and paul allen's goal in one hundred seventy five was to dominate the languages business on personal computers that's why they left harvard immediately afterwards in april nine hundred seventy five gates and allen start their company microsoft the purpose is to sell basic but above all to develop new software for future computers also in one thousand nine hundred eighty five in palo alto california another do you steve jobs and steve wozniak hi

i'm paul allen in sydney. kathleen: and i'm kathleen hays. ♪ paul: here are the top stories we are covering in the next hour. moving the markets? that jay convince powell is safe at the fed, but general mattis is moving out early, and the trade war may see a christmas breakthrough. kathleen: paul, we opened the show with breaking news. the bloomberg news team in washington reporting a couple things. steve mnuchin talking to representatives from the biggest banks, wanting to calm them before the open. he is telling them that trump fed chairested firing jay powell. that story -- broken by bloomberg news, i might add -- on friday afternoon. this is important for the here as they are getting ready to open. let's get to a quick reminder of how the markets did. let's start the bottom. entered into a bear market. sincenow down about 21% its peak in august, august 29. down 16%o the doubt, since its peak in early october, 17%.&p losing 2%, now down the nasdaq in a bear market, the dow and the s&p 500 flirting with a bea

i'm paul allen in sydney were markets have just open for trade. : i'm sophie kamaruddin in hong kong. welcome to "daybreak asia." ♪ paul: our top stories this thursday, china ramps up its credit support increasing the supply of cheap funding to banks in a bid to stimulate the start of 2020. hong kong starts the new year just after the end of the last one with vandalism, protests,

paul allen was a civic leader in seattle as well with some ties to the bay area. he funded a medical research facility. allen's investment company, vulcan capital opened up a branch in palo alto. >> paul had a tremendously huge vision on how to improve the world. a big part of our forward plans are to help realize that vision and to continue what he wanted to get done. and that's how we are rallying together this week and the next weeks. >> paul allen had an amazing home here in the bay area. giving us a look at his estate. staid to be worth in excess of $27 million. paul allen was known for being one of the big three pioneers in the tech world. along with apple co-founder steve jobs and ms-13 co-founder steve gates who received a statement over the passing saying, paul was a true partner and a dear friend. personal computing would not have existed without him. i will miss him tremendously. >>> jurors who handed down a landmark verdict against monsanto are accusing the judge of backtracking. that judge is ready to toss out most of the $289 million verdict. one juro

facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's funny. i mean, when i was getting started, you know, with my roommates in college, you never think that you could build this company or anything like that, right? because, i mean--it just--and we were coll

i am paul allen, this is bloomberg. with a federal investigation into whether trump colluded with russia, has taken a major turn. three people have been charged. accused of conspiracy, money laundering, and lying to authorities. policy advisor is facing that same charges. this is a month-long investigation into possible crimes, including obstruction of justice. to jennifer.over paul manafort is seen as the big fish. can we talk about george papadopoulos? papadopoulos's name is not one that is well known. he was an unpaid adviser to the trump campaign on foreign-policy issues. he has come forward and is working with the special counsel, robert mueller's investigation, and seems to be cooperating with wearing a wire as recently as last week to continue this investigation. in federal custody for months, since july, but cooperating. should be keeping people in -- it speaks to the fact there is somebody who understands what is happening in the trump campaign. the white house tried to downplay it. this guy was involved on som

microsoft co—founder paul allen has died aged 65 after complications arising from cancer. made his fortune at the software giant and went on to own several top—flight sports teams as well as becoming a leading phila nthtropist. according to forbes, he was the 21st wealthiest person in the world. dave lee reports from san francisco. paul allen and bill gates were childhood friends and they created a company that bought personal computers to the masses. it was mr allen who convinced mr gates to drop out of harvard to devote his time to microsoft, a decision that led to both men becoming among the richest in the world. as mr allen prepared to leave the company due to ill—health, they had fierce disagreements but they were on a similar page when it came to spending their vast sums of money. like mr gates, mr allen was an enormous philanthropist, giving more than $2 billion to endeavours in science, technology, education and the arts. he had a passion to naval history, investing efforts to dive deep for sunken battleships. that's it, we got it. we try to do these both as really

i'm paul allen. shery: i'm shery ahn in new york. selina: i'm selina wang in beijing. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering in the next hour. the g7 wraps with no traditional communique. just a declaration that calls for fair and open fair global trade. the $44 billion hit. apple's long reliance on china is looking like it's biggest handicap. going global. worldwideplans a expansion. shery: let's get a quick check of how the markets closed in the u.s. we saw a stock rally with the dow gaining 270 points, while the s&p 500 was higher by 1.1%. we had already seen stocks higher since the morning session after president trump said the prophets for a deal were better chinaw anytime talks with began last year. the positive sentiment on trade was spurred higher with the presser from presidents macron and trump in the afternoon where we heard them both be positive on trade but also potentially no auto tariffs on japan. not to mention a sit down with iran. we saw the stocks on the s&p 500 and the green. let's be mindfu

i'm paul allen sydney. yvonne: i'm yvonne man in hong kong. ♪ paul: our top stories this friday, the power of public standing, japan ready to embrace big stimulus programs to boost the economy and raise inflation. hong kong protesters give thanks to u.s. support as

i am paul allen in sydney.: i am shery ahn. the week ahead on wall street promises to be action-packed. it will be the u.s. markets' first chance to react to the apparent mexico tariffs truths become a fresh of earnings and oil still in the spotlight. su keenan has more. u.s. futures are rallying up .6%. su: there is a bit of optimism into the monday session. the dollar is taking a hit and there is positive comments about u.s.-china trade. let's go to the snapshot. the dollar ended its worst week of losses since february 2018. the question going into week one is will it be a positive monday for change? that is interesting to see for the town. futures are up, oil at 54, that will be closely watched because it has taken such a hit as well. let's go directly to one of the spotlight for monday, merger monday coming early. that is a big deal in the tech sector. looking at the friday close, both of these stocks are up 20% year to date which is a strong performance. the companies announced in a statement of they will

i am paul allen in sydney. shery: i'm shery ahn new york. ie: i'm sophie kamaruddin in hong kong. we are counting down asia's major markets open. ♪ paul: here are the top stories we are covering. wall street recovers as investors welcomed an apparent truce in the trade war. chip stocks bounce back from a 4% plunge but the pressure is still on. huawei says it has a range of answers to president trump's been. china says it will win the tariff battle. theresa may rolls the brexit dies one last time and gambles on a possible referendum. shery: we have a big interview coming up. we will be joint exclusively by st. louis fed president in one hour. let's get a quick check of the markets close on tuesday session in the u.s. the s&p 500 gained. most sectors in the green. semiconductors rebounded for the first time in four days after that 4% selloff. we saw some relief coming from the u.s. of these temporary u.s. customers. they rely on business with huawei. we have some stocks in the red. ugly firstn some quarter department store earnings. kohl's and

i am paul allen. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. we are counting down to asia's major market open. paul: here are the top stories we are covering, talking trade, president trump said negotiations with china are making progress but he is not ready to make a deal. protest in hong kong amid warnings of a widening fallout. they talk of an economic typhoon. nothing to fear but fear itself, bank of america has more net -- brian moynihan seems little -- see little chance of a recession. shery: in the u.s. it was another relief rally with the dow gaining one .2%. every sector in the s&p 500 in the green, chipmakers pacing the gains, nvidia' positive resultss helping not mention circulation european officials could come to the rescue if economic numbers deteriorate more in the continent. we saw more optimistic. -- optimism. the nasdaq was up. the future will be on jackson the fed chair has to say when he gives a speech on friday. in the meantime we have u.s. futures up .3%. let's see how we are setting up in asia. stocks this monday asian are

he touched l flores >> reporter: paul allen co-founded microsoft four decades ago. now, the company employees thousands of people locally. across the bay area, tech leaders were reacting to the news today and remembering allen as a pioneer and a man who changed the world. paul allen co-founded microsoft in 1975, alongside his childhood friend, bill gates. today, gates said, in part, i'm heartbroken by the passing of one of my oldest and dearest friends. personal computing would not have existed without him. allen left microsoft in 1983 when he was diagnosed with cancer. but a decade later windows had dominated personal computers. >> it changed my life. since i was born, i had a p.c. blazers and the seattle seahawks.causes. >> he is somebody that was one of the smartest minds of our generation, but he also was an artist and had a lot of passion. >> reporter: "forbes" ranked him the 44th richest person in the world with a net worth of $20 billion. in 2015, he bought this home in atherton for $27 million. bay area tech leaders praised his life. tim cook tweeted, our wor

this is bloomberg. ♪ paul: i am paul allen in sydney.u are watching "daybreak: australia." be the largest initial public offering since 2014. let's get more from the managing director from the hive who has been talking about tech topics, including ai. i want to get your thoughts on xiaomi. there's a lot of talks about how they are going to be launching a , even here in the u.s., india. what are your thoughts on their filing? >> it remains to be seen how the filing does and what comes out of it. there is no doubt in my mind that for the next foreseeable decade, markets like india are important for people trying to sell these smart devices. phones are one part of the equation. smart devices in various elements are going to be important and at the end of the day all of these companies want a relationship with the customer and use that data to sell them something on top of this phone, the gillettee strategy of selling you the razor and then you have to keep buying the blades. betty: that's right. certainly a smart strategy, sumant. smart pho

paul allen was known for being one of the big three pioneers in the tech world. along with apple co-founder steve jobs and ms-13 co-founder steve gates who received a statement over the passing saying, paul was a true partner and a dear friend. personal computing would not have existed without him. i will miss him tremendously. >>> jurors who handed down judg of backtracking. that judge is ready to toss out most of the $289 million verdict. one juror writes, "i urge you to respect and honor our verdict in the six weeks of our lives that we dedicated to this trial." another says the possibility that, "our verdict could be overturned depends our system of justice and shakes my confidence back in that same. back in august they awarded $289 to a former groundskeeper who has terminal cancer. monsantos acted viciously by not disclosing the hazards. last week a judge set a johnson lawyers provided no evidence anyone at monsantos knew it was dangerous. >> calling into question the evidence to be evaluate. my understanding is the judge can apply it on matters of law obvio

i'm paul allen.s is bloomberg. >> southeast asia is set to require investment of at least $1.7 trillion per year over the next decade to meet its infrastructure needs. >> and singapore, for one, believes infrastructure development and participation is a key priority at this point. haslinda amin is with us in singapore to answer the question how the country can lead the way. question.a better give innovative project financing. let's bring in the second minister for finance and education. good to have you with us. singapore wants to be a hub for innovative private financing. what does it have in mind? >> well, there is a huge demand for infrastructure in the region. asian development bank estimates -- we probably need something like 10 trillion or 6 trillion. we are seeing something like 1.7 trillion annually. right now what is being spent is about 880 billion annually. we need to mobilize capital, and we need to connect the demand and the supply yen make projects bankable. we think we can play an impo

i am paul allen in sydney. shery: and i am shery ahn at bloomberg's headquarters in new york. selina: i am selina wang in beijing. we are counting down to new york's's market open. >> normal hong kong pressures resume, but tension mounts hong kong is at a critical juncture. paul: the other top stories we are following this tuesday, oil firststudy after aramco's half showed no surprises. income fell, but still the most profitable company in the world. argentinian stocks in the peso, potential to roil wider markets, too. shery: let's get a quick check of markets closed. in the market session, another down day for submarkets with the s&p 500 falling below 2900. financials and materials led the declines. the s&p 500 at 1.2%. the nasdaq also fell. risks rising in argentina. political uncertainty in hong kong. coined futures following -- falling the most since 2013 on a bearish outlook report. all that added to pressure across the market. u.s. futures up 0.1%. let's see how we are setting up in the markets. selina? se

paul: i am paul allen in sydney. the latest at this twoline with saudi arabia biggest companies agreeing to build a plan to process crude oil. a final value of $50 billion. they will process 400 billion barrels of oil per day. saudi arabia is moving to a more diverse economy to wean itself off oil. he raise as job much as $2 million or the initial offering of their retail unit. 64y are offering this at cents a series which would value this at eight and $10 billion. i feel activity showing signs of picking up after only two details were completed in 2015 and 2016. paul: a focus for pitching their telecom business. from thecomes australian financial review citing documents sent into private equity buyers. goldman sachs made the pitch with formal papers due next month. they want a deal before the fiscal year ends. bros. justice league held a second top spot at the box office earning more than $13 million and 13 territories. earning aation coco top spot on the thanksgiving debut. it opened last month and has been a big h

i am paul allen. shery: i'm sherry ahn. sophie: i'm sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering in the next hour. >> definitively we will let you know but it does look that way. paul: president trump blames iran for the aramco attack. it could be weeks or months before saudi oil production returns to normal. trade talks were set to resume in washington next week. u.s. officials say there is a lot to be done if the two sides are to reach a deal. some of the biggest backers of softbank's vision fund appear to be having second thoughts. we are live in san francisco. shery: let's get you started with a quick check of how wti crude is starting to trade at the moment. we are seeing a little bit of pressure, down 1.7%. still above the $60 a barrel level. this coming up to the biggest gain since february of 2009. 13% jump after those drone attacks on saudi arabia oil facilities. also at a time where we saw a decline last week of 3%. we continue to see this demand picture not so clear for th