here is rachel evans with more. etf's are growing fast. i did not know they were encumbered.ng to do now? backstory is-known that etf's had to seek an exemption for every new issuance that comes to market. that.c has done away with this rule means any new issuer can do so without going through that process. romaine: the idea is they have to meet some conditions ahead of time? >> they still have to file registration documents. this avoids having this long run up that usually takes more than a year. this where the existing law was built on law that proceeded long before anyone heard of etf's, so they had to shoehorn etf's into old law? is the case.at i think this is the etf industry coming into the 21st century. it started in 1993 in the u.s. there was experimentation as we saw, but this is an example of the sec looking through those rules that have allowed etf's to thereerate, saying, isn't a better way we can do this? romaine: there have been a lot of etf's that come to market that have been questionable in their approach. does this open the door, could we start our own tripl

many thanks to vince cignarella and rachel evans. can find all the charts we just used and more by running gtv on your terminal. coming up, we work says it will reshape the board. more on that next. this is bloomberg. ♪ viviana: you are watching "bloomberg daybreak." wework's pick for its embattled listing. the startup is also making changes in its corporate governance to address at best her concerns up -- to address investor concerns. at one point, we work was valued at $47 billion, now expected to be worth about $15 billion in the ipo. --ud player raising 500 software maker cloudflare pricing shares in its ipo. the sale values the company at $4.4 billion. the company did note one of its risks includes negative publicity from white supremacists using its network. its dubious distinction for smile direct club, the maker of alternatives for dental braces. in their debut, shares sinking 28%, the first u.s. company since at least 2008 to raise more than $1 billion, priced its ipo above range, and on its opening day, still fall. smi

bloomberg's rachel evans, thank you very much. amy wu silverman will be sticking with me., we speak with the ceo of one of the largest mortgage providers in the country. sanjiv dos of caliber home loans -- sanjiv das of caliber home loans will join us. this is bloomberg. ♪ devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. alix: this is "bloomberg daybreak." you made it to friday, but the news flow is kind of heavy. the technology sector in europe still up 0.7%, despite micron and it's not so great forecast when guidance fell, really hitting all the semis. in other asset classes, a mixed dollar story in the g10 space

[ cheers ] >>> please welcome rachel brosnahan and global citizen ceo hugh evans. >> new york, thankit's cult vaiting a generation of change makers, and it utilizes social media and the way we communicate today. >> in 2014, canada announced a major commitment of 500 million canadian dollars to gavi. >> the deaths that we have seen from nearly 12 million to 6.5 million between 1990 and 2012 is due in large part to the scaleup of essential vaccines. >> as the international development minister in 2014, christian parody was instrumental in canada's decision to invest in gavi. >> this was our government priority when we would speak about mother and child, newborn health. so of course, gavi was a natural vehicle for that. >> canada's contribution put gavi on the path that vaccinate 300 million children and save five to six million lives by 2020. it was the work of global citizens that helped solid few the need for g -- solidify the need for gavi. >> governments need to listen because this is a large, large, large organization gathering people from everywhere. and it had a big, big, big im