emily: joining us from new york, we have "bloomberg technology" selina wang, who has been following the saga. does this mean these penalties will, indeed, be reversed on zte? selina: the senate passed a bill that would reinstate the ban. this complicates the earlier agreement trump had made to ease sanctions as long as it paid a hefty fine and rearranged some of its management structure. this does not necessarily mean the ban is going to be reversed. this has to be passed through the house. any compromise has to be agreed upon by the house and senate, and then, at the end of that, trump still has to sign it into law. many asian analysts think this is just prolong the process for zte, and in the end, the ban will still be eased. there is bipartisan support for this bill and it is the first time congress has stood up to trump on a trade situation, but the end outcome is still unclear. emily: senator mark warner tweeting tonight, the senate passed our bipartisan amendment to block the trump administration's bad deal with zte. if the president will not act on warnings from his own top offic

for more, we get to selina wang in san francisco who covered twitter for us. what is going to make this time any different than previously? selina: this is one of the most comprehensive overhauls they have had in years. jack dorsey is talking about personalization, orienting the brand around topics and trends rather than forcing people to have to figure out how to curate their own timeline.ofime and effort to create the perfect newsfeed. they want to shift the burden to twitter to find out what people want to know, when they nt to know it. for instance, the volcanic eruption in hawaii, instead of having to follow the hawaiian government officials, commentators about it, etc., they will send you a paying and ping and take a you to this events page that will sell you a live a feed of what is happening that will ert you to what thtest is. emily: how are they doing this? better ai, actual humans working behind-the-scenes to say this -- there is a volcano in hawaii, this is a huge story, i think people need to know? selina: it is a big process to be able to organize

emily: selina wang, thanks so much.rg lp operates a mobile breaking news network on twitter called tictoc. that does it for this edition of bloomberg technology. tomorrow we will bring your reaction and analysis following tesla's annual shareholder meeting and talk to a leading has led investor on elon musk's strategy ahead. this is bloomberg. ♪ the risk rally sending stocks to a high, the s&p 500 seeing gains and losses. >> tech shares help support the nasdaq, sending indexes to a fresh record for a second straight session. page, top another executives and austria now facing charges. >> slightly mixed

ande joined by selina wang garrett.to us about the economic and political irony, given that foxconn is also china's largest employer. garrett: i think trump wants to make foxconn one of america's biggest employers. he was very happy. the kind of trump the media show he loves to point to. he kept talking about how many jobs this is going to bring. if this goes perfectly over the next 15 years they should be about 13,000 pretty high-paying jobs created. he tweeted this morning it will bring 15,000. no matter how well it goes it is not exactly the hyperbole he's bringing into it. it is very controversial. not everyone in wisconsin supports it. to $4was about three billion of incentives that were promised and of course that is not all up front. that comes in the form of tax breaks and subsidies as the plant gets built over the next decade. emily: a tweet from the governor wisconsin, we are beginning to see the statewide economic impact of foxconn as businesses and workers all over the state are benefiting. foxconny operatio

for more, we are joined by selina wang, who covers the company. s doing we they are dissolving the unit? selina: it certainly comes at an incredibly strange time, only weeks since they announced dozens of deals with players like disney and abc and the new bloomberg tictoc live streaming service. twitter's mainline is this does not impact their overall commitment to live video and this is simply a reorganization so they can execute faster. but forces inside the company say the story is little different and there has been some internal dissension about how much they should be focusing on live video as a standalone product. as you know, the former chief operating officer was really spearheading twitter as becoming the future live destination for all live content. that was really his focus on driving the future growth of the country. now with jack dorsey back at the helm, he would like to fold live video back into the broader content strategy. emily: twitter says they are taking steps to streamline to enable increased efficiency to better align with th

we're joined by selina wang and gerrit de vynck.out the economic and political irony here given that foxconn is also china's largest employer. gerrit: i think trump wants to make foxconn one of america's largest private employers. he was very happy. this is sort of a signature trump visual media show he loves to kind of point to. he kept talking about how many jobs this is going to bring. if this goes perfectly to plan over the next 15 years they and all this money gets spent, there should be about 13,000 pretty high-paying jobs created. he tweeted this morning it will bring 15,000. no matter how well it goes it is not exactly in the realm of hyperbole he's bringing into it. it is very controversial. not everyone in wisconsin , which is an important state electoral early, supports it. there were about to $4 billion $3 billion of incentives that were promised and of course that is not all up front. that comes in the form of tax breaks and subsidies as the plant gets built over the next decade. emily: so a tweet from the governor of w

for more, we get to selina wang in san francisco who covered twitter for us., what is going to make this time any different than previously? >> this is one of the most conference of overhauls they have had in years. jack dorsey is talking about personalization, orienting the brand around topics and trends rather than forcing people to have to figure out how to curate their own timeline. you know it takes a lot of time and effort to be creating the perfect newsfeed. we want to shift the birding -- burden to twitter to find out what people want tn ey want to know it's. and why,nic or option instead of having to follow the commentators about it, etc.,s, they will send you a paying and take you to this events page that will sell you a live a feed of what is happening that will alert you to what the latest is. >> how are they doing this? better ai, actual humans working behind-the-scenes to say this for cano in hawaii, this is a huge story, i think people need to know? it is a big process to be able to organize information in lifetime which is what this is all abou

emily: max levchin and selina wang, thank you.g up, elizabeth holmes has been charged with criminal fraud, and legal experts say she could face significant prison time. we will get the full picture, next. this is bloomberg. ♪ emily: theranos founder elizabeth holmes was charged last week with defrauding investors. once reigning as the youngest self-made billionaire, she faces now multiple fraud charges and a jail time. olivia, tell us how this happened and what she is facing. >> on thursday, the u.s. attorney's office dropped a criminal charge on elizabeth holmes, who is now the former ceo of theranos. and they could do a plea deal, or they could fight this. they will likely be facing jail time in both instances. there is sort of an ironclad indictment. and i am told that it could be about 20-24 years. emily: we had john on the show recently, the author of the new book, "bad blood," and the investigation that toppled the first domino that led to this. take a listen to what he said about her motivation and whether there really was

let's cross to san francisco and bloomberg technology reporter selina wang. companies like at&t and verizon against this ban? selina: have been concerns are many years that these u.s. telecommunications companies should not be buying equipment from these companies that may pose a national security risk. the concern is that it is the sec weighing this proposal to ban the use of federal subsidies in buying this sort of gear. many trade groups argue it's not within the legal authority of fcc to make this decision and it should be left up to the experts to make that decision. in addition to that, there are business concerns. it's not really in the benefit of at&t and verizon to not be able to access that type of gear since they may want to use it for some of their future projects like becoming the which in 5g and huawei, has reacted negatively to this, saying that this is blacklisting a handful of suppliers, calling it both improper and imprudent, unverifiedrelies on allegations. regards to the talks, the trade talks, over the weekend, what if any progress was mad