lots of incredible women like sheryl sandberg and yourself.f you look at the numbers today, google's numbers are simply average and facing this big lawsuit from the department of labor about pay disparity between men and women. what do you think went wrong or what is the lesson? megan: it is in all the companies. we just have extraordinary bias built in. leadership really has to just make this a very top priority. the leaders of all the tech companies -- like all companies , care about diversity, but it needs to move from number 20 to number one. diverse units make better products, so it is shareholder value opportunity and important for everybody. we really need to do this work. there is lots of stuff that most companies are not doing. we wrote a piece in the white house called "raise the floor," and we listed all the things that leaders, and practices could do to make a huge difference if most people would pick them up. they just own up. we have a reckoning. this is part of time's up. plenty of time. let's go. we have tons of history that br

with women or mentoring them, what sandberg calls unacceptable.e sat down for an exclusive interview to talk about her new #mentorher movement. take a listen. >> now is a watershed moment. #metoo has shined a light on the need to end sexual harassment river, and that is critically important. it is also critically important, as you write in your book, that we get more women in leadership roles. today we are publishing a survey done by lean in and surveymonkey that shows almost half of male managers in the u.s. are now afraid to do, and work activities with women, and it is the reaction to what's going on, men stop mentoring women. that is unacceptable, because we need more women in leadership roles, and women have long gotten less mentorship and sponsorship then men, particularly women of color. now is the time to invest more in women, not less. so #mentorher, which we are launching today, calls on all leaders to mentor women, and also to make access equal. our survey also shows that a senior man today is 3.5 times more likely to hesitate to have d

sheryl sandberg, have you met her?d, i want to get her to come and talk to you about being your chief operating officer. next thing you know she goes there as the chief operating officer. basically they did not need me your chief operating officer. next thing you know she goes anymore. she is way smarter than i am. one of the most capable people i have met. emily: how much facebook stock did you buy? roger: i did not buy that much, but it turned into a lot of value. emily: how much did you make? roger: a lot. it was really important. facebook was weird. it was the gift that kept on giving. emily: you think facebook is in an existential crisis. roger: i do. emily: you have not been shy about it. roger: no, in 2016, i noticed bad actors on the platform. i did not know what i was seeing. initially it was the democratic primary in 2016, then a firm scraping facebook, people who were interested in black lives matter, then selling it to police departments in violation of the fourth amendment. then there was brexit, the campa

emily: that was our exclusive interview with facebook coo sheryl sandberg. ahead, the bitter uber-waymo court battle playing out with former uber ceo travis kalanick taking the stand. his grilling, ahead. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ ♪ emily: this week, softbank confirmed it will take its japanese telecom operation public within a year, to separate the company's activity broadly into investing and telecom arms. speaking at a news conference, softbank president ceo masayoshi son said it will help him spend more time on longer-term, global corporate strategy, and focus more on dealmaking. travis kalanick took the stand this week during the uber-waymo trade secrets trial, and on day two, waymo lawyers went after kalanick, painting a picture of someone obsessed with winning the race for self-driving supremacy -- but they didn't necessarily get very far. joel rosenblatt covers the courts for bloomberg, and was at the trial. joel: this is

trish: not a rule, but just kind of common sense. >> but sandberg makes a good point.t is always in these informal session situations where you come to understand how things work in very real way. that is the time. playing a round of golf. that used to be the standard thing, right? that was something men would do with other men. that is where women, start to understand how the world works. >> you know what i think the answer is? >> what. trish: i fully believe this. we need more and more and more women in the top corporate ranks because i'll tell you, gerri, i will go to dinner with you every day as long as before 8:00 p.m. i will go to dinner with you, and that, that feels okay. i think that having more women around where they feel comfortable and there are in management that can push ahead for other women, help this is whole process. hopefully cheryl is doing that. >> helps the whole process and cheryl samberg says, how do women get those jobs if they can't get up the ladder to begin with. it is kind of a question, a egg and chicken question. is fascinating. she got,

emily: that was our exclusive it interview with sheryl sandberg. ahead, the legal battle with travis kalanick. this is bloomberg. ♪ emily: this week, softbank confirmed it will take his japanese telecom operation public. they will separate into telecom arms. speaking at a news conference, it was said they could spend more time on longer-term global corporate strategy and focus more on dealmaking. travis kalanick took the stand during dealer waymo trade secrets trial and on day two of of the ceo's's, they went after as -- colin painting him asvis kalanick, painting him someone who was obsessed with winning the race for self driving supremacy. they do not necessarily get very far. joel: this is his second day in the lawyers came at him kind of hard, not as hard as you might expect and of course on cross-examination, movers on lawyers were asking questions were clearly -- they were very well prepared. the big surprise to me was that waymo did not come at it very hard. there was a lot of details that waymo dug up that are very troublesome for over. the

sheryl sandberg, coo of facebook, just starting to speak on their call.ger is striking back at amazon. the largest pressure chain in the united states is expanding its so-called scan-bag-go technology to 400 stores. this allows customers to use a handheld scanner to log items. coming up, creating a workplace free from constant notifications and pop-ups. our next guest is trying to make that a reality. this is bloomberg. ♪ emily: square is getting in on the bitcoin bandwagon. the company is introducing bitcoin trading for almost all users of its cash payment app. the service will be available to most customers of square cash, which lets users transfer money to friends and family. transactions happen within seconds. it won't add a percentage or a fixed-dollar amount on to the sale of bitcoin. notifications are everywhere today. facebook likes, emails in your inbox, chat updates, and more, an almost never-ending stream. asana is trying to make sure employees don't have to face the barrage. the cofounder of facebook with youthe cofounder of facebook with zuck

so if mark and sheryl sandberg get serious and change some of the practices at facebook and instagram because they own instagram and if the folks who run google and the platforms based on attention economy, if they change that and then the apples and the samsungs change not just change in time but also to dumb people like me how to actually use it properly, you can make major changes next years. but we have to hold their feet to the fire. >> changing the business model? >> look, facebook is an advertising business model, so is google. so they want you to stay there. that's how they make money. but i think it does modify the business model. you know what, society and our kids are more valuable than their business model. >> all right, professor. we have to leave it there.

emily: you also helped him to meet sheryl sandberg.when mark has this problem, it is time to monetize and he is having all these issues with senior executives, i said there is no comparable thing here. the closest thing anybody has done is creating adwords. i know the person who did it, sheryl sandberg, have you met her? i said, i want to get her to come and talk to you about being your chief operating officer. next thing you know, she goes there as the chief operating officer. at which point, basically they did not need me anymore. she is way smarter than i am. one of the most capable people i have ever met in any way. emily: how much facebook stock did you buy ultimately? roger: i did not buy that much, but it turned into a lot of value. emily: how much did you make? roger: a lot. for me, it was really important. facebook was weird. it was the gift that kept on giving. emily: fast-forward to today, you think facebook is in an existential crisis. roger: oh, i do. emily: and you have not been shy about it. roger: no, in 2016, i noticed

i asked sheryl sandberg this question, take a listen.silicon would be a better place if there were more women running more companies? absolutely. i think every industry would be a better place if there were more women running more companies and more women in government. emily: and i agree. david: quite impressive, you got her to talk to you about that. she is an exemplary, rarity, to have that level of power and influence. i have to say, what an amazing job. horrifyinge a little i did not realize how bad it was. all my women friends say, you are just a typical idiot guide. -- guy. emily: you are not alone. david: thank you for writing it. it is a major piece of journalism. i am sure it will do great. emily: thank you for reading it and to your support from me. as an author yourself it is a long process. you need many people cheering for you. david kirkpatrick, great to have you here on the show. multiple networks are beginning child of five g services. how this will be unveiled at the winter olympics. -- trial, i should say. this is bloo

sheryl sandberg said it is the very best way to protect yourself. only offensive solution. most solutions are defensive where you are building a bigger dam and trying to hold people out. this is the most leveraged way to attack. emily: one of your founders, we tell her story, one of your no,stors, when people said what specifically are you doing at benchmark to get more women on the team? and to improve diversity at your portfolio? there are a couple trends super helpful in this regard. people like you sounding the alarm and raising awareness is super helpful. what you have done is amazing. attention.s peoples i also think the other thing we can do is point out the progress a little bit more than we have. our look at all of companies in the executive room, it is remarkably different today as a percentage than it was. even in the board room. based, it is an outlier. it is a day appointment. just by happenstance, it relates to the progress being made, i've been on for boards where women are the founders. things are happening. i think it is continued a

sheryl sandberg said it is the best way to protect yourself, it is the only offense of solution.rity solutions are building a bigger and bigger dams and trying to hold people out, this is the best way to attack. >> one of your founders -- we tell her story and you said yes when a lot of people said no. you hired sarah, what specifically are you doing at benchmark to get more women on the benchmark team and to improve diversity? >> there are a couple of trends that are super helpful. i think people like you sounding the alarm and raising awareness is super helpful and what you're done is amazing and all these people are talking about it. it heightens people's attention. either the other thing we can do is point out the progress a little bit more than we have. if i look at all of our companies in the executive room, it is remarkably different today as a percentage than it was. even in the board room. this is an outlier but highlighting that data point can be successful, just by happenstance, this is the next room marker, polo, katrina and heather. so things are happening. here is t

well spent >> in after-hours trading, facebook shares shot from the red to the green after sheryl sandbergd reducing time spent on facebook is not a bad thing. it's actually yielding higher revenue. >> we're not doing this to be positive or negative for revenue but it's the right thing for our community. the impact it has on monetization is not clearly negative >> sandberg and zuckerberg explaining how investing in the long-term will create a more valuable stronger platform out of facebook. >>> the co-founder and ceo of another social media network joins me now in the studio in london this is a social media network for communities. you announced expansion into france how do you choose a new market like that? >> we look at the size of the market we look at the giants like we talked about, facebook, google, apple, amazon, where they are strongest. but ultimately we believe next door what we're working on is a global value proposition so it's just a matter of which order we go in ultimately we would like to be everywhere what defines a neighborhood? >> it's typically defined by the people who

sheryl sandberg has said that it is the very best way to protect yourself. only offensive solution. most security solutions are defensive, where you're building a bigger and bigger dam, trying to hold people out. this is the most levered way to attack. emily: katrina, one of your founders, we tell her story. one of her investors -- a lot of people said no. what specifically are you doing at benchmark to get more women on the benchmark team and to improve diversity at your portfolio? bill: there are a couple of trends that are super helpful in this regard. i think people like you sounding the alarm and raising awareness is super helpful. what you've done is amazing. and all these people are talking about it. it heightens people's attention. i also think that the other thing we can do is point out the progress of little bit more than we have. if i look at all of our companies in the executive room, it's remarkably different today as a percentage than it was. even in the boardroom. katrina's -- it's an outlier. it's a data point. highlighting that data point ca

track the stock's bizarre gyrations like i do, facebook stock was sinking, sinking, sinking, then sandberg's speech, that comment, boom look at that is that not what the stock market's really about? yet when you listen to the commentary about the quarter, you never really heard about that shift you thought it wasn't planned, it was just something they got shocked about. after all, a better user experience does translate into more users, which translates into guess what? more money no wonder facebook stock rallied $6 or a full $14 from where it was at this point when she just changed the narrative dramatically the truth is there is no immutable law of the universe that says things have to go wrong or business will inevitably crap out. even if that happens eventually, there's no reason to think it going to happen any time soon. that was certainly the case with apple. it made you feel pretty darn good about the next quarter, as pricing for phones and demand look like they're holding up, they're holding darn well, by the way, and pricing is strong the bear case once again failed to pan out, part

yesterday sandberg wrote a post saying it could deny women opportunities. group dinners only. nothing one-on-one. the big questions surrounding the #metoo movement is not whether it's gone too far, but whether it's gone farb enough. it's a total contribution on her thoughts on the pence rule. the party panel is back. do you have a problem with the pence rule? >> no, i don't. >> i think that what she is trying to do is -- it's just exacerbates the facts. what we are dealing with is, you know, all these have happened to mainly women. and when they are alone in a room and things are happening. kennedy: you can't have it both ways. you can't say don't be alone with a woman in a room and then get bad when you are not alone with a woman in a room. >> that's highlighting the tension. kennedy: you are a mogul. what do you do? >> i want to know actually -- does pence still follow this rule? this was a quote from 2002. to my mind he never confirmed they got that right in the first place. so i'm not even sure the pence rule exists. i think the #metoo movement needs to be a little careful

down as much as 4% when people focus on that drop off on time usage by users after sheryl sandberg saidhis won't hurt revenue moving forward, you can see the sharp rally back first, let's check in on global markets. >> u.s. futures, we did see a sharp intraday reversal, marketing starting the day lower but ending higher on thursday. the dow is slightly lower by 2 points s&p higher by 6. nasdaq higher by 3 wall street closing higher yesterday, unchanged decision by the fed was the market mover look at the ten-year note, rising yields has been the story for quite some time now. the yield above 2.7% 2.74 >> let's recap january the dow and s&p 500 had their best month since may of 2016 the dow gained 5.8%. the s&p up 5.6 the nasdaq posted its best month since october, gaining 7%. we did see differentiation in performance. volatility was back. the top ten stocks in the s&p were up more than 20%. the bottom ten stocks were down more than 10%. so, big divergence in performance. the net effect up 5.6% >>> 8 out of 11 sectors were positive for january consumer discretionary led the way higher, u

this is something sheryl sandberg targeted yesterday.l your what if you but say, i don't want to appeal to african-americans, hispanics, women? shira: it is clear the advertising model is maybe the best in the history of the internet on the one hand, but in other cases, and indefensible business because it relies on highly targeted advertising that can target you buy political affiliation, race, these other highly sensitive areas. michael pachter and shira ovide, thank you. apparently, you have to follow shira on twitter. shira: i did not pay him to say that. alix: in the markets, unit labor costs are up 2% in the fourth quarter as productivity declines by .1%. yields up the highs of the session but the story is and equity markets. dow jones futures down by triple digits. the s&p also run the lows of the session. more on that next. this is bloomberg. ♪ kailey: mrs. bloomberg daybreak. coming up later today on bloomberg markets, the ups cepheid -- cfo. alix: the move in the market this morning, dow jones futures off by 147 points after we

they found people like sheryl sandberg and susan and over the years they lost focus.companies that are really working hard at this issue like slack where the numbers are defined, the industry averages. but overall i think there is far more talk and far less action. and at this point ignorance can only be willful, you know. the problem is obvious and i wrote the book so people can understand sort of how and why we got here. but only when we understand the problem can we start to take the steps to change it. >> thank you for writing the book. emily chang is the all authorize of brotopia breaking up the boys club of silicon valley and bloomberg host. >> thanks for having me >> one last check of the markets for trading. the s&p up a similar amount. i'll talk to you about it on the other side. >> it's time now for your business of the week. l.a.-based million dollar baby designs cribs for some of the biggest celebrities. find out how this couple moved from china to the u.s. in the wake of the tina man square mass a kerr and founded this multi-million dollar family business

thought was a killer presentation for co-founder and then ceo eric schmidt when her boss sheryl sandberg pulled her aside for a chat. i thought, oh, boy, maybe i screwed something up. maybe i didn't nail it like i thought i did. cheryl started the conversation telling me about things that had gone well in the meeting. of course, what i wanted to hear was what i did wrong. she said, you said um walking fr 15 years with a hunk of spinach in my teach and nobody told me. >> it was a dose of clarity that helped a management style called radical candor. she would later write "lean sin" leadership, humanity and directness. aimed at making kim be better at her job and a better boss to the team she was leading. >> very often people treat their bosses like tyrants to be toppled. they treat their peers like enemy combatants, employees like pawns on a chess board. that's kind of what happens when you're just professionalened not seeing the people you work with as fellow human beings. being professional can be dangerous because it leads to apathy. so at the very least you want to give a damn about th

joel sandberg calling for fairness when it comes to the role.won't go to dinner by himself without his wife. the america source of innovation. diversity of opinion. with the new studies showing that conservatives feel out of place as silicon valley. now to the latest on wall street. futures reporting to the decline. after swinging wildly between gains and losses yesterday. hitting the bond market. the yields today will take a look at where yields are. we have the yield on the ten year hit a four-year high it was 2.85 percent. in the face of the stock volatility. wells fargo investment institution president. my is your take on the climate of fixed income and stock markets. the recent correction had both correlated. we broke that a little bit. you have volatility push monday -- push money into bonds. i actually think the bond market has handled this correction very well. you've not seen a spill over as the traditional safe havens. the yields, the new gap outage. this is a lot like the equity markets catching a bad bout of this flu. how do you see

spam to us it's because they want to make more money with it now chief operating officer sheryl sandberg says getting people to engage with more posed by friends actually ramps up opportunities for facebook to make money how. well for facebook it's mostly doing their money for tires and that's already very successful in the last quarter of them a thirteen billion euros with effort ties in but they're saying there's still lots of more space to goal mostly here in europe basically they are saying that that is more interactive on a website or on facebook for them it's much more interesting so they don't want any more users who are just you know looking on the feeds of different news organizations for example they want that we are interacting with our friends for example that i'm posting something in the morning and then you know always replying to what my friends are replying so basically they're saying that they get to know more about us they know maybe what time i'm getting up in the morning where i'm heading in the morning which sport activity are interesting so with that they can create

sheryl sandberg, the facebook coo. oprah and m cuban. these are private sector big-name billionaires. bill deblast voice on this list. tim kaine, l.a. mayor mark garcetti. and all of these people think they can do a better job than this president and feel they have a good shot. does it weaken the field having so many running. guy: the republicans had 17 people running and eventually won the white house. i don't think trump is ever going to have approval rating in the 50s or 60s again. so mathematically it would seem that he's ripe for pluck. but it's not quite so easy to beat him as hillary clinton discovered in 2016. i'm thinking about there is example you have been talking about. when there were 17 people running on the republican side. there was the main stage, the adults table, and the kids' table debate. the democrats might have to have a third run. the top tier and second tier. kennedy: no network is going to carry the bottom tier of a crowded field. guy: what if she and zuckerberg both ran and did their own facebook live debate of

sheryl sandberg. >> absolutely. especially with lean in and me too, we need more women like that.of management and we need to, and emily explores this, we need to celebrate that and make sure they are able to advance. julia: you mentioned two very well-known women in silicon valley. what about them? how they seen as something different? >> especially then, they were externally proactive in sort of challenging the convention. they get a lot of credit for that, but google still remains a very sensitive one as some recent news has a brought to light. it's not like you could ever not keep advancing. that's part of the narrative. carol: it's pretty amazing since women were the first computer programmers to see where the industry has gone and a think of silicon valley as being innovative and for thinking, but you look at the statistics and it's not that way at all in terms of women. >> and we are so tickled to have emily here and also in the magazine because just to talk about this issue, you can't talk about it enough. carol: there will be lots of conversations about this book. also lo

sandberg was the host of all things considered. she sook a leave to write a book. a farmer wrote to her and said my cows won't give milk. [laughter] he was always zpg into the milking -- always going into the milking barn, and they heard sunche and gave milk. milk. with no susan, no >> thank you. [applause] >> raising the fist in the 1968 olympics, does that relate to what we are seeing the football players kneeling today with the national anthem? >> i think again we have a long history of -- >> you could be featured during our next live program. join the conversation on facebook at facebook.com/cspanhistory and on twitt @c-span history. >> this year marks the 150th anniversary of the 14th amendment addition to the u.s. constitution. it addresses citizensship rights and equal protection of the laws. next on american history tv. civil war and reconstruction era historians, david blight and thavolia glymph explore the meaning of freedom and equality to african-americans and white southerners in the wake of emancipation. the national constitution center in philadelphi

we willsday show come be hearing from facebook coo sheryl sandberg. ♪ retail. never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> the following is a paid program. the opinions and views expressed do not reflect bloomberg lp, its affiliates, or employees. >> right now it is all new, a paid presentation for meaningful beauty by cindy crawford. >> with special appearances from some of your tv favorites sharing their skin saving secrets. >> plus, a stunning before and after story from today's special guest. >> at age 52, the star of "full house," lori loughlin's skin looks younger thanks to friend and supermodel cindy crawford. lori: i really do feel like my

and our exclusive conversation with sheryl sandberg, and why she says the #metoo

in the era of sheryl sandberg, we think that if we improve our attitude we will be treated better att ask, is the problem that women have tried to emulate the male working patterns instead of discovering their own? it is a mischaracterisation to imply that feminism is about individualism. because, for the most part, feminism is about the creed of solidarity, and what we wanted was collective feminism in the workplace for trade unions to adopt the rights of women as well as men. some feminists have argued for individualism but the majority would want collective action. there is more than one strain of feminism. i'm saying that there's a different kind of history, socialist feminist history... that's more useful for getting better conditions. i'm glad you brought up the fact that women of colour are even more discriminated against another women. of course we must address that. but there is a fundamental difference between racial discrimination and gender discrimination in that one day we can envisage full equality across the races. let me finish. with sexual differences, in a sense, th

so the head of facebook's hr department asks this of cheryl sandberg of facebook.hat is your biggest challenge and how can i help you fix it? wow. >> that's a good one. >> yes, it is. >> have you ever faced that sort of a question. any awkward questions? i know it has been a long time since you've had a job interview. >> i've been here for a while. >> lean forward and look them in the eye. >> right. >> it is so important. the physical presentation of i'm eager and i'm here and i have researched your company. >> i'm the person that you want. that's what you want them to walk away from the job. >> have you ever asked for the job. incompetent hope you hire me. >> no. that was a long time ago. maybe at a car rental place. >> let's knock on that wood for all of us. as we talk about work, this is our work family. so many with little ones in school. we have a school family. the thought of breaking up the school family can be difficult. >> yes. it can. three schools in san jose will be closing soon. >> part of a consolidation plan happening because of declining enrollment.

founders of google really focused on hiring and promoting women and they got people like sheryl sandberghe entire ad business and went on to facebook. and the ceo today and marissa mayer. over the years google simply lost focus on hiring women and making that a priority. now their numbers are simply average. i think it's a good example that hiring women isn't just the right thing to do, it's the smart thing to do. it's a good business decision. >> especially in this day and age. >> right. more companies need to be prioritizing this. too often it's about hitting the next project launch and people don't want to be patient to find people of diversity and backgrounds but this is an industry that is controlling so many things about our lives, we need people -- 90% of the people making these decisions shouldn't be men. >> and these women need to stand up for all the sexism. speaking of that, there are some really outrageous examples in this book. i think i read something about a strip club? >> yes. i actually went to visit the gold club, which is down the street from us in the middle of techla

while jack dorsey and mark zuckerberg and sheryl sandberg want to say their platforms are about community engagement all day long, they are the platforms most used today to spread news and information. yet, there is no regulation. they can sit there and talk about community engagement and freedom of speech and take no responsibility for hate being spread? >> it's a very challenging question. so i think it's very nuanced. i understand why the social media companies are reluctant to take accountability or take ownership of this problem. i think you're right. in fact, they have to. it's their platforms being exploited. if any other company had built a product that was being exploited in this way, damaging the lives of americans, we would be up in arms and proposing legislation. in the same way a credit card company or a company that loses our personally identifiable information has their system hacked and thousands of credit cards are leaked all over the internet, that type of damage, we hold people accountable. the fact that social media companies can be exploited in the same way, that thei

are you listening, sheryl sandberg? 80,000 times on facebook, the social media outlet designed to create community, show pictures of your kids, cats, dance recitals. the kids aren't having any of it. >> everybody who wants to call us out, who wants to try to say that people are controlling us, this is a student movement. i have talked with my friends at never again. we are all students there. dave hogg, none of us are talking with adults. we're just talking out. we're making a change. it is the students. we're not acting. this is real. >> imagine, to call these students puppets. that's pathetic. ashley kirk is a culinary teacher at stoneman douglas high school. she was there the day of the shooting and personally helped protect dozens of her students. ashley, first, i want to thank you for your heroism and tell you how sorry i am for the week that you've just had. you know some of these kids personally. what can you tell us about them and this movement? >> they're a very eloquent bunch of kids. i mean, for the seniors t