this is it. >> well, sirius -- listen, sirius will try to have its board members including the chairmanshipelp to guide the company and put it on a better path. >> could be -- >> then let's assume that work and the stock price starts to move up, they can exercise, they will own as much as 20% of the company and then like sirius and liberty, like liberty likes do, then they have the option potentially of one point or down the road buying the company. but that not where they are right now. >> no. i was asked apple repeatedly to both buy sirius and pandora, game, set, match. this is a powerful combination. i think it's a brilliant move by maffei. >> yeah. they were waiting and waiting and waiting. >> so smart. >> finally getting this thing and investing at the level they did. i don't know for nothing. it's not as though they're taking risk. $480 million. this is being paid in kind so it accretes up. there's some risk for them as well. but it's a typical liberty deal. >> well, risk is apple. apple music is so powerful. spotify is so powerful. >> spotify has 50 million subs growing the top line

now, there have been reports that sirius was trying to buy pandora.c this morning saying that sirius offered $8 a share for pandora but that was under the stock price. pandora said no. investors liked t shares of pandora up over 3% in the early going. investors liked that. >>> solar installations have been on the boom in the u.s. the past couple of years. but the solar industry's energy association says that in 2017, demand will fall by 16%. a big reason for that is that utilities are lowering their demand. utilities make up half of the solar energy market. residential installations will grow by another 2% but that's a big slowdown from last year, when residential solar installations were up by 19%. >>> the stock market off to a good start this morning. let's go to the big board and see how we're doing so far. dow is up about 50 points. nasdaq up by 5 after another record close yesterday. the s&p also up by about 5 points. brian and michelle, back to you. >> jason brooks from kcbs radio, thank you. >>> time now for a look at what's coming up later on

pandora is a big story today, it is moving hire after a sirius xm invested $480 million in that company. let's bring in pandora activist investor, keith meister, he joins us on the phone. welcome back. good day or bad day in the big picture for pandora shareholders despite what the stock is doing today alone? >> i think today, big picture is a great day for shareholders. it's been a long process and there's a lot that can be talked about about the process, but a lot of that is undwater under t bridge now. the it's the beginning of pandora 2.0. today, you've got a $480 million investment from probably tmt ease most successful investor. greg malone, lib erty, through their 50% owned enter it, so a huge vote of kfsz from an investor, that if you have a habit of follow, it's worked quite well. that investor owns a stake in a large succeplayer in the music ecosystem in terms of sirius, so a prudent player is investing in pandora. plus, they have $200 million from selling tickets live, so $700 million of cash on a balance sheet of an internet company with a history of poor execution and under

sirius took advantage of its unbelievable balance sheet i think sirius is very good.stalls, goes up and it stalls. that's where it is right now, i like it. to thomas in pennsylvania. >> caller: hi, jim one whiz booyah to you >> whiz whit boo yah >> caller: you bet my stock is lo gist sticgistics. >> it is a good company but i wish it would come down. that is the end of the "lightening round" hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor

the company sold a 19% stake in sirius xm to sirius xm for $480 million.ll get three seats on the board, including the chair position. in a separate transaction, pandora sold the concert ticketing business for $200 billion. the company is under pressure to adjust to the changing landscape as it competes against spotify and apple music. think of it as youtube meets amazon. we will hear from the former hulu c.e.o. that is next. ♪ emily: airbnb has cleared a major hurdle in japan. the japanese government approved legislation that legalizes its service and others like it in the country. the law will allow homeowners to let out their property to paying guests for up to 180 days a year. airbnb which is valued at $31 billion has found a receptive audience in japan compared to some cities in the united states, including new york and san francisco. a tourism boom has cut into japan's supply of available hotel rooms and helped make the island nation airbnb's fastest-growing market. eric feng has plans to change how millennials shop. he has found a package which is a

shares of sirius xm dropped 20 cents to $5.20. pandora rose 10 cents to $8.52. >>> the fda has requested endo pharma pull its opioid painkiller off the market. this is the first time the agency has asked to remove a currently marketed opioid drug due to public health consequences of abuse. shares of endo pharma dropped more than 16% to $11.49. >>> time now for our market monitor, who says he's finding value in some underappreciated names in the stock market right now. it's not the first time on the program for him but it is as market monitor. let's welcome back timothy lesko. welcome back, tim, nice to have you here. >> thanks for having me. >> so you're saying that the market in certain sectors may look fairly valued or maybe fully valued or a little overvalued. but that's not true of the overall market. >> right. and that's typical of the market. usually you have certain sectors leading the marketplace. over the past few years, that's been a combination of the high flying technology stocks and some of the consumer staple stocks

you can listen on the bloomberg app or bloomberg.com, or on sirius xm.s is bloomberg. ♪ emily: in partnership news, microsoft and box are expanding their deal to reach more large, corporate customers with their file sharing and storage service. customers will now be able to store their data and microsoft's cloud platform. it will allow for future integration between artificial intelligence and machine learning capabilities with box's cloud content management platform. i met with their ceo and asked what kind of customer demand they are expecting from this deal. guest: about 74,000 companies globally, including 64% of the fortune 500, microsoft their cloud services is in about 95% of the fortune 500 or more. there is already a lot of significant overlap between our customer base and there is in the cloud. we are hearing for more and more of our customers that they want to be able to leverage some of the more advanced scalability's, and be will to have things -- advanced capabilities, and be able to do things like store their data and more places around th

you can catch us on the radio on sirius xm channel 119.ston, 99.1 fm in washington, d.c., and a.m. 960 in the bay area. carol: and in asia on the bloomberg radio plus app. in the technology section, badoo is known as a tinder-style dating app. oliver: it is also known for the company's super-sexualized parties in london. here is our editor. tell us how this app differs from the rest in the market. jeff: it is an app with about 60 million regular users, most prominently in russia. back home, at their headquarters in london, mostly what they are known for is ridiculous parties. oliver: corporate parties. jeff: yes, they are internal parties, for the most part, but they are also used for the company as a recruiting tool, headhunters and people who work for the company. carol: define ridiculous. oliver: don't hold back, jeff. jeff: what has come out, talking to a lot of former and current employees there, is that it is pretty common for the parties to be pretty overtly sexualized, and typically towards one direction. a common trope is for ther

favorite song with john benjamin hickey" airs wednesdays on sirius xm.rd. i've climbed a mount everest of fiber. probiotics? enough! (avo) if you've had enough, tell your doctor what you've tried and how long you've been at it. linzess works differently from laxatives. linzess treats adults with ibs with constipation or chronic constipation. it can help relieve your belly pain, and lets you have more frequent and complete bowel movements that are easier to pass. do not give linzess to children less than six, and it should not be given to children six to less than eighteen. it may harm them. don't take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain, especially with bloody or black stools. the most common side effect is diarrhea, sometimes severe. if it's severe stop taking linzess and call your doctor right away. other side effects include gas, stomach-area pain and swelling. managing your symptoms proactively with linzess. we, the device loving people want more than just unlimited data. we want unli

carol: you can also listen to us on sirius xm, and a.m.n new york and boston, washington, d.c. and the bay area. in the technology section, many h-1b visa applications for tech firms are not going to mid to high level positions. oliver: they're actually going to entry-level jobs. >> the h-1b visa program has been one of silicon valley's priorities for a long time. it creates a limited number of visas to bring workers with specialized skills into the country for three-year giving -- three-year periods. the thing that makes a controversial as you see the outsourcing industry using it basically to bring in lower-level computer programmers at lower levels of pay. this is what people are irked by. oliver: specialized workforce, and it largely exists within the tech space. the h-1b visa is not new, but it has proliferated in the tech space. josh: correct, it has been around several decades. because it is set up for technical skills, silicon valley is one of the heaviest users of it just because they need entry-level employees. carol: how have co

>> yeah. >> i'm on sirius xm, on 28, the urban view. and let me tell you, every time i'm on this show i get folks who love us, they appreciate the exchange, and then i get some of the most visceral, nasty -- >> that's great! you're doing -- we're doing something right. >> ha! >> and john, what are you on? you're syndicated, right? >> yeah. if you can get 50% of your audience mad at you 50% of the time, you're doing the best job you possibly can in america. >> mission accomplished on this program. >> that's our mantra. that's what we try to do. >> read my twitter feed. thank you all. pleasure to have you both on. up next, president trump trying to assure nato of america's commitment, but it's what he's not saying that's raising questions. see these folks at the post office. they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a d

they want to be heard in cars, which sirius has deep penetration on that. >> sirius meanwhile down 4%inally, it was once common for wall street firms to only hire from prestigious business schools, evan. >> oh, yeah. >> but now a hiring head at blackrock says the company is hiring more liberal arts majors in an effort to have more employees with a diverse set of skills and world views. it's about time. >> you got two people here. santoly and i went to the same college. we were both liberal arts guys. >> you were also a business school guy. >> i also went to business school, but i studied russian and soviet history. that was my thing. and santoly, i think, did history. and when i got to goldman originally in the mid-'80s, they had two groups of people. they called people like me were called the poets, and then there were the people -- >> the quants. >> who actually did business, knew what they were talking about. >> what was yours? >> i like to think the poets did better in the long run. >> i went to the university of north carolina vocational school of journalism. >> journalism major

. >> that sounds fantastic as long as it's not like with sirius xm when you get a car, you stop use it and they call you for months and months and months after that. you know what i'm talking about it? >> i love it. i'm addicted. >> she's a john lennon big fan. thank you very much, landon. >> stop it. >> i cannot argue with the beatles. 4:41 right now. in the meantime air bnb testing out a new feature to allow reservations to be split up amongst up to 16 people, restaurant bills and now with an air bnb rental. the feature only available on a few listings but that could be expanded in coming montair bnb testing a flexible payment option allowing customers to pay a portion of the reservation up front instead of all of it and pay out the rest later. >>> time to get away. 4:41. relief finally coming after the big heat wave across the bay area. >>> yeah, it is still going to be hot, though, especially for the inland valleys. a look at sunnyvale and the temperature trend for today. we will be in the lower 70s at 7:00 in the morning. lunch time, that's a little bit more bearable, 84 degrees a

. >> reporter: in an interview with sirius xm radio host michael smerconish, cosby discussed dozens ofaccusers. >> the piling on, so to speak, is a way, certainly an oppressive way, to get public opinion to come to the other side. >> are you telling me that they're all lying. >> you know better than that. >> reporter: cosby and his attorneys said the sex was consensual. vehemently denying the allegations. the performer suggesting race could be a factor in the scandal surrounding him. >> i just truly believe that some of it may very well be that. >> reporter: just one of so many issues sure to be a part of this high profile case. cosby is not expected to testify during this trial which could last three to four weeks here. frances. >> jay, thank you. >>> former president jimmy carter crediting greg almolman s a close friend of mine. if it hadn't been for him i wouldn't have been president. >> they would give all the money to the tickets to their campaign. he attended funeral services this weekend. allman passed away at the age of 69. >>> just ahead four major arab nations cut diplomatic

liberty -- sirius. liberty with its significant equity into fusion has the right to three board seats, including chairman role. respectfully chairman and ceo of sirius. >> how about tesla reports that tesla is considering launching its own streaming music service, which apparently some of the cell side today has no problem with, if you believe the car is turning into what they call the fourth screen. >> fourth screen. >> if you're tesla and essentially think of software updates, it's basically an operating system and we're going to control every feature of the car. i don't know how you have an edge in assembling a streaming, you know, music or content platform tesla wants it to be tesla branded for tesla customers. >> who do we talk to on closing bell doesn't make any sense, he says. >> you hear it a lot, though, the idea of it being a fourth screen why apple might be interested in the car. >> takes the biggest block of time people have where they're not in front of a screen. >> and not to mention siriu

and russia on sirius. just just finally briefly i mean this is a serious escalation. this is part of an ongoing. actually escalating for the past month or so since the u.s. first strike against pro-government forces that were trying to advance in the southern part of syria later on by that strike the u.s. tried to limit the movement of the syrian government forces and their allies back then the syrian army stopped its operation in southern syria only to surprise the americans by advancing and actually in circling the area that they had set up camp and that the nuff in the south eastern part of syria now it's a similar scenario americans don't want the syrian army to advance towards theirs or the doctor or the syrian army to actually present a spot of operation to retake or to take any part of a couple of us and the syrian army want to accept it i think it's up to the battlefield a little development of the battlefield will decide whether this will be escalated and how far the u.s. is willing to go in order to stop the advance of the syrian army because according to ac

it recently received a $480 million investment from sirius xm. >>> today, governor brown signed a $125 billion state budget with increased funding for education and social services. it includes 3 billion more for k-12 schools and community colleges. those on medical will get approved coverage and the budget expands tax credit for the working poor. >>> a bill to ban smoking has cleared another hurdle. bay area assemblyman mark levine authored ab 75. he says it will protect people who want to enjoy state beaches and parks without being exposed to secondhand smoke. violators would face fines of $250 for each infringement. >> secondhand smoke can be as dangerous outdoors as it is indoors and of course wildlife can pick up this cigarettes that have been dropped on the ground, that's toxic, and cancer causing just like secondhand smoke is. >> the ban has an exemption for those filming with a permit the california film commission. if it passes the full senate, it will go to the governor's desk for signature. >>> still ahead, walking a line in the sky. the hobby that is defini >>> you are one

you can listen on the bloomberg radio app and on sirius xm. ♪ [ mooing sound ] [ laughing ] it's drivngy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah... show me music to distract a minion. [ voice remote click ] [ pharrell starts to play ] ahh. i'm pretty smart- ahhh! [ mooing sounds ] [ minions laughing ] show me unicorns. [ voice remote click ] together: ahhh... that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3 in cinemas in june. >> let's get you up to date on the news we are following at this hour. qatar is said to be buying of warplanes even as it is isolated by its neighbors and criticized by donald trump. valued at just over $20 billion here. i ran host headquarters with about 11,000 military personnel. linkedn has found itself with foreign activities. fund says itt that will contribute $10 billion. >> german chancellor angela merkel says she expects the u.k. to stick to its brexit timetable even as your finance minister and the french president said that his door would remain open. she declined to comme

on the bloomberg radio app and on sirius xm. ♪ >> you are watching bloomberg technology.s start with a check of your first word news. the death toll from the massive apartment tower fire is up to 12. authorities expected to rise. dozens were injured and several hospitalized. the fire broke out around the second floor of the 24 story tower after midnight. ireland's new prime minister took office today. the son of an indian immigrants, the first openly gay are leticia to serve in that post. kenny whos enda resigned. he replaces michael noonan. germany expects the schedule for brexit negotiations to remain in place. a spokesperson says officials have no indication anything will change. theresa may is working to reach democratic the unionist party. cuba is starting an electoral process expected to end with raul castro stepping down. he is expected to remain ahead of the ruling communist party. global news 24 hours a day powered by 2700 journalists in 120 countries. this is bloomberg. we are joined by bloomberg's paul allen. good morning. >> we are seeing some weakness. often

our guest is newt gingrich. ,hose listening on sirius radio the book is called "understanding trump," and it was a twitter battle between you and joe scarborough the last couple of days. he got personal as well. started thatt was on his part. i've known joe for many years and he served in congress with me back when i was speaker of the house. it's our like the process of being a morning joe has gotten to him, and he's gotten more and more extreme. he after -- he went after me in ways that make no sense. host: why? guest: i don't know why he was saying the things he was saying. i've been around for a long time i lost my first two elections and kept campaigning. i spent 16 years of increasing majority. i've done a lot of things that that i don't get paid for. and working in the defense department and helping human services and other things. he implied that i would do something because somehow i would be paid off. and i was astonished. i thought he knew me better than .hat i've got two grandchildren and i want them to live in a country that is safe where they can have a healthy life and

you can catch us on the radio on sirius xm, and on the radio in new york, boston, washington, d.c.ay area. also, in london and asia on the bloomberg radio app. concern is growing about russian hacking in germany's election this fall. stefan: in germany, we have seen a range of hacking attempts and successful hacks over the past two years. it started in 2015 when the german parliament was hacked and criminals actually stole 16 gigabytes worth of data. that is about 1.5 million emails. lots of hacking going on and the german government is concerned that in the run-up to the election, increased hacking will go on and hackers will try to influence the german elections that way. carol: talk about the 16 gigabytes. you put in your story, those hackers were roaming around within the german parliament for about a week. stefan: that is correct. i will walk you through how this happened. picture this. in 2015, several german lawmakers got it you know that looked like it came from the united nations, except it didn't. it came from russian hackers, or hackers believed to be linked to russia. i

whitman on , hpe.alth of her company if you want to check us out on the radio, you can listen to us on siriushis is bloomberg. ♪ alisa: i'm alisa parenti in washington. let's start with a check of your first word news. theresa may and jeremy corbyn made their final push for support before going to the polls. corbyn says he would be a leader for everyone, not just the elite. the flack has been raised at the nato headquarters in brussels, 29th the country became be member. today condemned the deadly twin attacks in iran saying the deprave and he of terrorism has no place in the world. nationst trump said that sponsor terror fall victim to the evil they promote. the death toll in the terror attack at the london bridge rose to eight today after a body was found in the thames river. the attackers used a van to run down pedestrians on the bridge saturday night. judges on brazil's top electoral campaign.de -- the ruling could be an indication of which way the court is leaning. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm alisa parenti

you can listen on the bloomberg radio app, bloomberg.com, and sirius xm.s is bloomberg. ♪ caroline: queen elizabeth ii outlined prime minister may's agenda to lawmakers in the u.k. brexit obviously dominates may's program for the next two years as the country tries to find the right balance as it separates from the european union. details from london. the queen'sminated speech in london on wednesday as the government tried to set out its legislative agenda for the two years that lie ahead. on the brexit front, we heard about policies on immigration and trade. both of those could prove contentious, as those who want a hard brexit vs. those who want a soft brexit battle for influence over government policy. many domestic policies that could have been controversial had to be dropped after the conservative party failed to maintain its majority at the most recent election earlier this month. also absent was any mention of a controversial state visit by president trump. a spokesperson for the government said the only reason this was not included was that no date

check us out on the radio, the bloomberg radio app, bloomberg.com, and sirius xm.s is bloomberg. ♪ emily: large european companies the internet founders at toa event. excitement around a food delivery started. caroline hyde caught up with a rocket internet's oliver samwer. rocket owns a 35% stake in delivery heroes? they must be easily awaiting germany's biggest ipo of the year. caroline: it is crucial for rocket internet. it is not since 2014 we actually saw a success story from portfolio companies exiting. alando, when rocket went public. we have seen the shares up some 15%. they have a lot of proving to do to the market. they are expecting an ipo in excess of $1 billion. a nice chunk of change to their own investor base. i spoke to oliver samwer and this is what he had to say. oliver: i think it is great for europe because it is a great example of european entrepreneurship. they have done a fantastic job. there were 5000 people. i hope it will inspire many toer european onto the norse build bigger businesses, create more jobs, and tell other people -- show other

on sirius xm. this is bloomberg. ♪ the fallout continues for binary capital.he last remaining co-founder has offered his resignation to the firm's investors. in a letter of turned by bloomberg, he told the firm's lp "if the investor group believes my removal serves the best interest of investors, i will respectfully resign." the venture capital firm has announced it -- is also shutting down its most recent fund. investors have agreed to this. this after another cofounder resigned amidst allegations of sexual misconduct, as reported by the information. binary had raised about $175 million for that fund, but very little of the money had been invested and will be returned to the firm's limited partners. questions remain about how the firm will handle its investments made from the first fund. amazon is facing major competition from millions of mom and pop shops across the u.s., with walmart, among others, successfully cornering many of the same merchants. amazon is holding its own me and greet with 1500 merchants in new york, in the first such event since the comp

if you want to check us out on the radio, you can listen to us on sirius xm.is bloomberg. ♪ paul: james comey will tell congress president trump asked to see his way clear to letting this go. in a testimony for his appearance before the senate intelligence committee, comey will say he never agreed to it -- to end the inquiry. trump says he will be taking action very soon to stop foreign steel being dumped on the u.s. market. the effective steel imports on national security under the seldom used section 232 of the trade expansion act. wilbur ross has accused china of failing to deliver on its promise to reduce excess still capacity. u.s. markets are seen a risk level since the financial crisis with investors paying dearly for the chances they take. central bank policies and low rates were artificially hiking asset prices. gross says investors are buying high and hoping. global news 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. emily: a check on the markets in asia. a more cautious turn. we see equity markets mostly tu

if you're listening on sirius x.m., the potus channel, give us a call at 202-748-8001, our line for republicans. 202-748-8000 for democrats. michael has this tweet, a few people under the age of 55 really have an understanding of what it was like during the watergate period. let's go to john in houston. good morning. caller: good morning. 'm 51 years old. i was listening to npr, national public radio, a couple of nights ago, and they were talking about the attorneys that robert mueller was adding to his team. there are about four or five of them that have, you know, money laundering experience, decades, decades of experience prosecuting people. i think they're going to take the whole trump family down. i think they're going to get the son-in-law, the daughters. i think they're going take -- i think they're going to take the whole bunch down. they are very serious, and they know what they're doing, i tell you what. i see newt gingrich getting all a at thisy, and kellyanne conway, you know, nobody is listening to begin begin begin anymore anyway. he's 20 years in the past. newt not going -- gingr

on sirius xm. bloomberg. ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology." let's art with a check of your first word news. concrete and metal barriers are going up on several london bridge is following the second terrorist attack using vehicles to target pedestrians. they are designed to stop copycat attacks of what british prime minister theresa may cause a new trend in terrorist tactics. police will not say how many bridges will get the extra layer of security. the decision to sever diplomatic ties with qatar should not have impact on u.s. military operations. central command says there are no plans to make changes. central command and its 10,000 u.s. troops are based in qatar. the country is accused qatar of supporting terrorism. the first ever united nations conference on oceans has opened on a luminous note. the secretary-general says oceans are under threat as never before. he says plastic garbage in the waters will outweigh fish by 2050 if nothing is done

they recently received a $40 million investment from sirius xm. >>> now the wall street journal reportsocial media giant will release one episode at a time instead of releasing an entire season like netflix. facebook is also reportedly willing to spend as much as $3 million per episode. original programming could launch by late summer. >>> tay eric from san mateo has a question, well, about money. >> he spoke to us in daly city. michael finney has his answer. >> what's a good way for a young man like me to make money? >> hey, eric. interesting question. now, your age it's nearly always best to follow your passion rather than the money. find something you like doing, because you're going to be doing it a lot. you might want to concentrate on high-paying fields or ones where you work for yourself, whatever turns you on. later you might have to buckle down and pursue work only por t -- for the paycheck. at this time look for something fun that kpiexcites you. eric, good luck and thanks for the question. >> if you have a question for michael finney, send us your video questions to "ask finn

sirius xm.e looking to become a streaming music service to be for paying subscribers. -- $1.6.6 million billion deal today in data storage. fabrications -- -- dupont favreau's -- elliott management is raising its stake after a , andd takeover by elliott that is your latest bloomberg business flash. four minutes until the end of the section -- session -- and what election, bonnie -- vonnie? fell 2.5%.rlier the biggest drop since june 27. closes next. ♪ mark: live from london and new york, this is "bloomberg markets: european close." is the function of all functions. the ftse 100 up .9%. , currencieslines falling against the dollar. look at the u.k. five-year down by 4.5 basis points. earlier, 2.5% earlier. that is the biggest decline since june 27. love this chart, redline, top line. that is what happened if the tories got a big vote, didn't happen. line, that, green was if the tories got a small win. third line, blue line, if labour party one. we are at 127.38, the hung parliament has not m

you can listen on the bloomberg bloomberg.com, and sirius xm.is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. tthat's why at comcast,t to be connected 24/7. we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your first word news. president trump welcomed the uk

on sirius xm. this is bloomberg. ♪ jessica: you are watching bloomberg technology. a check of your first word news. 22-year-old student in north korea in a coma has died. he spent a year and a half in prison after ripping down a propaganda sign. he returned with severe brain damage. president donald trump reacted to the news a few moments ago calling north korea a brutal regime and at least he was able to get home to his parents. in paris, french police have removed the body of accused of ramming a van into a police van france's anti-terrorism prosecutor has opened an investigation. no people on the street were hurt. talks kicked off in brussels today to initially marked the beginning of the end of britain's membership in the eu. david davis said things have gotten off to a promising start. he says the priority is to assure u.k. citizens who live in the eu and people in the eu in britain. three days after president trump sign his new cuba policy, the nation is responding. cuba's foreign minister is rejecting the rule, saying cuba will never negotiate under threat. h

you can listen to us on the bloomberg radio app and in the americas on sirius xm.his is bloomberg. ♪ ♪ emily: california is the home to tech giants that bring home millions in tax revenue and jobs to the state. governor jerry brown spoke with john mckenzie in beijing. he said america cannot rest on its laurels as competitive pressure from china grows. >> the competitive game is getting more intense. america cannot rest on its laurels. we are going to spend more time trying to reduce taxes on the rich rather than more investment private and public sector, we are going to lose out. that is kind of where i think washington is going right now. emily: now back to our exclusive interview with apple ceo tim cook. we moved on to politics. remember, tim cook called the president to urge him not to pullout of the paris climate accord. president trump decided differently. tim cook disagrees with the president's decision saying that , the global warming crisis requires worldwide cooperation. >> i think he did listen to me before making his decision, but i think he decided wron

sirius xm general 119. a.m. 960 in the bay area. and in london on the bloomberg radio plus app.obal economic section, the san francisco fed president thinks he can help the central bank improve its aim. we're talking about its target on inflation. >> you write about inflation. what was the approach you took? >> i talked to the president of the federal reserve bank in san francisco, john williams. he is a really interesting person. last week he put out a paper speech on the idea of price level targeting. you know the federal reserve has an inflation target of 2%. we have been below that the vast majority the time since that target was set. and, the question is, should we be allowed to go above that, above 2%? his theory is, yes, what you should target -- instead of being the rate of change, the level of prices. there is a consumer price index, the absolute level of prices. imagine if you had inflation running at 1%, but you would be getting further and further behind the expected trajectory of prices so, if you followed his strategy, you could do a little catch up. inflation coul

the bloomberg on radio app, bloomberg.com, and on the sirius xm.loomberg. ♪ >> it is 11:29 in hong kong. i am paul allen with the latest first word news. china u.s.ium on relations says president trump has been weakened on the international stage while the status of his chinese counterpart is growing. said the u.s. is "mired in a political crisis that could have far-reaching implications." ambassadors that u.s. withdrawal from international agreements has listed xi jinping's image. trump's proposed travel ban has been defeated in the second appeal as the supreme court considers whether to take b or the court of appeals in san francisco said the president exceeded his authority by suspending nationals from mostly muslim countries without showing how letting his people in hurts america's interests. the white house is confident the supreme court will uphold the ban. jeffrey immelt stepping down as chief executive of general electric ending a 10 year in which he dramatically reshape the company, but failed to win over wall street. johnll be replaced by