if you like us, listen on the bloomberg app, bloomberg.com and on sirius x.m.his is bloomberg. ♪ >> it's opinion a big week for tech results. amazon reported fourth quarter results giving insights to sales over the holiday period. tom and david talked with caroline hyde thursday to get their reaction. >> i think amazon obviously has shown great growth in the fourth quarter. as you mentioned the advertising business is skyrocketing. we've seen the growth of sponsored clicks grow from 3% in january of 2017 to 6% january this year to 10% now and you can easily imagine that $3.5 billion a quarter business doubling to a $7 billion quarter business. we've also seen really strong transaction volume. they are still the dominant e commerce player in the fourth quarter and we expect it to continue in the first quarter of this year. caroline: tom, your perspective, you have a birating, do these numbers substantiate that? >> absolutely. i think the fourth quarter is a continuation of the trend from the second and third quarter to the extent you have to get used to the more

this is bloomberg. ♪ sirius xm.his is bloomberg. ♪ selina: will it be the first big tech i feel of the year? lyft could file for an ipo as soon as next week. they will target about you wish -- target ofllion 20 to $25 billion. is bloomberg's ipo reporter and jaclyn. jaclyn, what are the benefits to li being the first one -- lyft being the first one to tell investors how to value a right chilling company -- ride-hailing company. >> because of the government shutdown, there has not been an ipo in over 15 weeks so there is pent up demand to see a big tech company ipo. i think it will be well received and the company is doing well. they have -- they are doing well in the markets and people really like them. the numbers are good. to add to that, i think a really want to go yesterday because uber is waiting in the wings. they don't want to have a situation where uber comes in and sucks up all of the air out of the room. they are the bigger fish year. they are rushing and trying to get this out quickly. they also don't wan

listen on the bloomberg app, bloomberg.com, and, in the u.s., sirius xm. this is bloomberg. ♪ big tech could be at the greater scrutiny from federal regulators. the federal trade commission is creating a task force to investigate antitrust contact by tech companies. the group will consist of senior officials and 17 lawyers. they will be looking at past tech mergers that could have hurt consumers. what does this mean for tech companies like google and facebook? we're joined by a fellow at the open markets institute. also with us is our antitrust reporter, david. i can think of a few previous tech mergers. what is this task force going to do? david: they will look at any competitive conduct by tech companies. as you mentioned, one of the interesting things the ftc announced yesterday was this idea that they could go back and look at consummated deals, deals they investigated or did not investigate at all. they have the possibility that they could go back now and potentially breakup companies or require a spinoff. if that came to be, that's would as a move by

especially in the rhineland letting their head down so be patient that they'll be back to their good old sirius selves next week enjoy the images from now and see you soon. to end. it's time to take one step further. and face the possible. time to search the unknown and find before the truth. is hard to overcome boundaries and connect the world. it's time for. a debate is coming up ahead for minds. if you ever have to cover up a murder best way is to make up accidents raring to. never read a book like this. mr sherman on the streets. closely . listen carefully to. those simply choose to. discover. the i. subscribe to the documentary. what's the connection between bread. and the european. correspondent and the baker crops. and mexico recipes for success strategies that make a difference. baking bread. d.w. . lead. play. play. this is a double yours live in the bribery breach of trust and for all of the charges facing. the same thing israel's attorney general says he plans to the prime minister in connection though with three separate corruption cases just weeks before a general election is the n

jason: you can also listen to us on the radio on sirius xm.boston, washington, dc -- carol: in the bay area, in london, and of course, the bloomberg business app. this change is overhauling its delivery method. jason: is being closely watched by the whole industry on the cutting out the middleman to deliver directly to customers. >> dig in is a fast casual restaurant based in new york. it is very popular, it has expanded to boston as well. they serve that sort of veggie focused grain bowl salad type of thing everybody is doing. you walk up and assemble, you get little bit of grain, some chicken, vegetable, bring it back to your desk, and that is your lunch. they are doing more and more meals for delivery. and in some locations, as many as 30% of sales are delivery. carol: it is good, but also bad. >> it is a lot of revenue they would not have otherwise had, but the profitability is not as good as in-store. carol: explain that. >> if you order from any of these third parties, they charge you a delivery fee but also charge the restaurant a huge

especially in the rhineland letting their head down so the patient that they'll be back to their good old sirius selves next week enjoy the images for now and season. four journalists discuss the topic. something. broken down to leaders failed to strike a deal for training sessions on economic sanctions. for concrete denuclearization measures so what next find out in a hundred. sixty minutes on. days when the way the congress knows the most careful does call it the get take a look at eco. terrorist group those on super tuesday those now for most must say going to. we're going to assist them in. this is deja news africa coming up in the next fifteen minutes and exult continuity multi-cell is remakes of presidents with nearly sixty percent of the vote what's in store for the country as he prepares for his last trip and the soldier all that we meet the father of fighting jihad knows then bringing innovation to agriculture. then good day out of office we have a story of a cycling to lose mentoring young best friends from kids.

. ♪ jason: welcome back to "bloomberg businessweek" carol: you can listen to us on the radio on siriusd in new york, in boston, washington, dc -- area, in the bay london, and on our app. business section, jay powell and his predecessor janet yellen turned out to be remarkably similar policymakers. carol: we spoke with a federal reserve reporter of what could be the final result of the era. >> she is doing he's aptly what janet yellen did still in the fact that they are still pursuing a patient, gradual rate path. the labor market to make as much progress as possible while restraining inflation. we heard him signal at the committee meeting that the fed might be taking a cause for the foreseeable future. still very much taking this kind of cautious approach. i think it is a real story of continuity. jason: let's remind folks that, back in december, if we were heavens conversation six weeks ago, it would be very different. the markets, the president, was a little grumpy with the jay powell. >> they were impatient with them. but one of the things i think is so interesting about looking at

you can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston,9.1 fm in washington, d.c. and am 960 in the bay area. in london on dab mux 3 and in asia on the bloomberg radio plus app. the biggest names at the nba all-star technology summit held recently in charlotte, north carolina. one of them, sacramento kings owner and tech entrepreneur vivek ranadive. vivek: very blessed to have leaders who have always been on the cutting edge and we see our sports betting as opening a whole new avenue of entertainment, engagement, and opportunity for our fans. jason: let me ask about that because we hear constantly from owners, and it feels genuine, how much they like the leadership at the league. i'm not sure that is true in every sport. what is it about the leadership of this particular sport? vivek: they've always been on the right side of history. if you look at all the issues we have faced, david stern and now adam silver, gave has not been afraid to step out and be on the -- weside, even being pulled the plug on that a few years ago when we felt the l

bring back in his prime minister through illegal means last year he's trying to convince him that he sirius cena will be should be a their candidate for a project artist party for the presidential election later this year so he's trying to show that he's a powerful popular politician in this is one way he's trying to do it i don't think it's going to succeed in improving his popularity significantly but it's clearly part of the political plan i think why do you think it's not going to succeed. well i don't think is going to win him back that many that many popularity points and that the disenchantment with him is so deep i think he's really from between two stools he he came in on a liberal reformist platform which after making some initial progress on in the first year or so he's really failed to deliver on and in fact is now actively campaigning against his greatest achievement the nineteenth amendment to the constitution but he's not he's not every going to be as nationalist and as authoritarian as rajapaksa and those linked directions including russia parts his brother who have a much s

this is bloomberg. ♪ sirius xm.his is bloomberg. ♪ emily: a handful of tech names got dragged through the red thursday after reporting disappointing earnings results. p ink.itbit, hp think -- h a fourth-quarter earnings season has helped fuel a 23% rally since the market about bottomed out. i want to get to new york where we are joined by a senior research analyst. areel, all of these different companies, but tech is a common theme. what do they have in common a side from tech daniel: -- tech? daniel: if you look at some of the companies today, there are specific stories like hewlett-packard where people are worried about the printing supplies growth and printing supplies contributes to a percentage of the profit. if we look at booking or box or fitbit, those are concerns around competition and the need to invest to differentiate. if we think about what is going on in technology, a lot of the key secular trends remain healthy. the move to the cloud, the digitization of society, we see a lot of opportunity even with

jason: you can listen to us on the radio on sirius xm channel 119 and in new york, boston, washingtonol: the bay area, in london, and on the bloomberg business app. the superrich have a super secret, a supercar they love to drive. jason: we are talking about the swedish carmaker that makes million dollars sports cars. carol: they are looking to go mainstream. >> they have come up with a car that is, right now, the fastest street legal car you can buy in the world. 249 miles per hour, but it also sells for $2.1 million. not the kind of thing to run down to the dealership and pick up, this is something that aims at the truly superrich. we thought it was an interesting place to take a look at, because the company has decided they do not just target superrich, they want to make things for just rich. so they're coming up with a new car that will sell for a million dollars putting him squarely in competition with the super luxury cars that a lot of us have heard of. taylor: what are the business aspects of this car? ferrdoes for ari have -- ari have? >> ferrari is considered to be the most

if you like bloomberg news, check us out on the radio and on sirius xm.his is bloomberg. ♪ emily: as tech giants were to place at the center of your home, both are increasing the amount of data they collect to control other gadgets, stirring up more privacy concerns. we caught up with bloomberg text .ext day amazon season opportunity with its smart speaker and its doorbell meaning it is a force to be reckoned with. whether that are shopping with her voice, control and websites, thermostats. this wireless purchase they made an san francisco is the next step in that evolution. pros oro you see more cons with amazon and google living with us? 2019, whenthat in you look at the tech landscape you can see tech with all of the promise of doing good and changing society, giving us wonderful tools to enable us to do things that it is starting to encroach upon our lives. i think that the idea of having an open channel for these tech companies into the data stream of my home -- matt will talk about some of the passive data collection taking place, it is not good. i

you can also listen to us on the radio, on sirius xm, in new york, boston, in washington, d.c.ay area, in london, and of course, on the bloomberg business app. in the technology section, facebook has increased limits on the outside use of data. jason: but the company is ratcheting up their own data collection practices. carol: interesting story. >> for the past year, we have heard this over and over, the argument from facebook that they do not sell your data. pundits, out and say technically you do. it is just semantic arguments. you collect the data, and then you rent it to advertisers, you rent the targeting of us to advertisers. then we get into this debate over whether facebook should be doing that or not. that is what i am arguing is not the real privacy debate when it comes to facebook. the real debate is how much data are we giving them and how transparent are they being about the collection of that data? and i think some instances over the past year have shown that that is probably a more important discussion to be having. because we really don't know and they really do

carol: you can also listen to us on the radio on sirius xm and 91.1 fm innew york, washington, d.c.swer the bloomberg business app. in the finance section, wall street's biggest traders are battling their own exchange. carol: the proposed members exchange is to help traders with a battle for lower fees. jason: nick baker brought us the story. nick: nine huge firms, some of the biggest traders out there. they've got lots of trade they can start directing into this market. so, this is a business that could take off. it is still preliminary. they have not filed for regulatory approval. maybe a year away from existing, but the reason why it exists it is these firms -- basically everybody on wall street other than exchanges are angry at the current exchanges. they currently charge too much. carol: it is not like they can disconnect from the new york stock exchange. they still have to be connected, but what they can do, these owners of the new exchange, they can direct trades they are doing to their new exchange, correct? nick: right. they will not be able to ignore the other exchanges. t

carol: you can listen to us on the the radio on sirius xm 119 and 106.1 in boston.ne fm in washington, d.c.. jason: in london on dab digital and through the bloomberg business at. carol: in the finance section, wall street's biggest traders are building their own exchange. proposed members exchange is meant to help traders when the battle for lower fees. jason: nick baker but as the story. >> they have a good shot of taking some market share because of who was behind it. nine huge firms that are biggest -- some of the biggest traders out there. they've a lot of trades they could start to bring into this market. this is a business that could take off. it is still preliminary. they haven't filed for approval. we are probably a year away. it is early yet. the reason why it exists is because these firms, everybody on wall street other than exchanges are angry at the exchanges because they believe those exchanges charged too much. they can's not like disconnect from the nyse. they still have to be connected, but with these can do, -- they can do, they can direct trades t

you can also listen to us on the radio on sirius xm 119. a.m. 1130 in new york. the bay area. in london on d.a.b. digital and of course on the bloomberg business app. when this individual appears on screen, nba fans watch. we're talking about super agent rich paul. he represents lebron james, among others. we caught up with him to talk about developing nba players as brands. rich: the game is everything for us, and that is, that's what we focus on. so we try to educate new players coming into the league and their families to have a very realistic evaluation of what's actually available to them. this whole notion of marketing, people sell that because in their mind this is what families want to hear, what kids want to the see. you dream of having your face on tv. i tell people all the time, there is no brand out there that will pay you $200 million, but your team will. what is it about, about notoriety? if it is about notoriety, just buy billboards around the city you are playing in, put your face there, and focus on the game, because the game is everything. that

in addition to that, liberty sirius, the spinout tracking stock for sirius the parent company completedsition of pandora and they are generating ample free cash flow. the genius of john malone behind you. those on the small cap side, throw in quickly, harris which is acquiring level 3 communications. those are all companies generating cash flow. charles: harris had a great earnings report too. that stock is looking great. i have subscribers in that one too. where are you looking, ken, right now? where are you trying to be opportunistic? >> we still like technology. technology led us. fourth quarter everything took a hit. investors are still willing to pay for the growth story. if you're in risk asset. banks i don't like pharmaceuticals pricing pressure from washington. charles: same horseman that got us there in the first place, gow back into all the big names? >> buy a basket, slk, right? buy a whole basket, kind of go that way with it. technology led us here. we had disruption in the fourth quarter. i think technology leads us out. charles: we had board up, three of five key momentum

patrick: we worked with spotify, sirius xm, apple, you name it.benefits is that we build products that are really built to last for a long time, they sound great, and they work with all the services, so you're not trapped in one ecosystem, you can get whatever you want. i think that is why why we are able to hit record sales last quarter. emily: amazon and google have sold a lot of speakers. patrick: certainly. emily: and that is not someone choosing any ecosystem, that is someone choosing a specific ecosystem. patrick: that's right, but the nice thing is you're using one of those products and you want to get something for another room of the home or you want something that looks or sounds better and maybe also works with apple or google, if you bought amazon one, that is where sonos comes in. emily: jpmorgan thinks apple should buy sonos. patrick: right now i am really making sure to work -- to make sure that we are successful. we are working hard to make sure we do the right thing for consumers. emily: would you be open to a deal if an offer at

you can also listen to us on the radio on sirius xm and am 1130 in new york, 1061 in boston 91.1 , fmwashington, d.c. jason: in london on dab digital, and the bloomberg business app. in the finance section, wall street's biggest traders are beginning their own exchange. carol: they are indeed. the proposed members exchange is meant to help traders win the battle for lower fees. jason: nick baker brought us the story. nick: who is behind it -- nine huge firms, some of the biggest traders out there. so they've got lots of trades they could, in theory, start directing to this market. so, this is a business that could take off. it is still preliminary. they have not filed for regulatory approval. we are probably maybe a year away from it existing, but it is still early yet. but the reason why it exists it is these firms -- basically everybody on wall street other than exchanges are angry at the exchanges, the current ones, because they believe those exchanges currently charge too much. carol: it is not like they can disconnect from the new york stock exchange. they are going to still have

. >> we're on radio row, and behind me, kevin hart broadcasting from his sirius xm show, straight from kevin joined me a little earlier and he wanted to make sure i knew he has the number one comedy in the country. >> don't put your lips on the mic. >> go see "the upside." i had a long night. >> what else is going to be in this cup besides coffee? >> if you show me coffee, the plastic cup boys, what goes in a plastic cup. >> what do you think we are? >> it's alcohol. >> half a drink and i'm -- >> you know, last year at the game, you had a good time. >> i had a great time. >> you even went down on the field. will you be under control this year? >> [ bleep ], kevin. >> do you remember that? >> i definitely do. >> he doesn't remember nothing. >> i was drunk as hell. here's the thing. i'm in the suite with robert ka kraft. i'm not a patriots fan, but i'll be there. >> he may be tight with bobby kraft, but his boys -- >> with kev? >> he flew on his jet by himself. >> why wouldn't you just get on the plane? >> that's not true. they are flying back. i need my space. why don't you have friends

sirius games will -- to get accepted, students should have experience in computer programming.starting in the fall. >>> let's fast forward to what's going to happen this weekend. pretty cloud by 8:00 saturday morning. our best chance of rain during te day will be up in the north bay. way up in the north bay. that's where it's going to stay until sunday when it starts to try to dip down into the heart of the bay. sprinkles possible there. the best chance of rain is -- when it starts to slide south. monday and tuesday are definitely going to be wetter. here's your rain potential. another storm coming down from the north. not much rain saturday. as we head into sunday morning, not much sunday evening. that's when we'll start to get rain. >> mike, overall, looking good. one issue to talk about. south baio owe northbound 280. they have updated the location. it's a little closer to ray street other than 87 where we previously had it. vehicle flipped over. landed on its wheels. we have injuries. emergency crews are on the scene. i believe we're all contained to the right shoulder. we

host: we welcome our listeners on c-span radio and sirius xm. good afternoon to our viewers in great britain on the bbc channel. we come out of st. louis, next, paul. caller: i appreciate being able to get through. there are several topics i would like to talk about. quality.em is the -- one of them is the quality -- equality. donald trump is trying to clean the swamp and that means getting non-fearing people that want to have sex changes and have all of this hatred and fighting going on. .ou can't change our history the things in the past, they are what they are. those who blames others for their problems and everyone has problems and blames things on other people because they are like children. they have not learned to grow. if you blame others for your problem, you have not begun to understand. if you don't blame anybody for your problems, you have found the answers to life. there are several other points. one of them is giving your personal views. these newscasters. i don't see you doing it. they all give their own personal views. they are n

-- there g gulf a arab allies in te region like saudidi arabia and keep in mind moving forward as sirius seemingly becomes more stable there's g going to be increasing talkbout what the next governmenent is gonna look like how they get a transition into the next government. these views it shows from you ron standpoinint they have confididence they bebeeve that e site is g going to be p part ofe fufuture of the next goverernmet ththey havave confidence that perhaps he can win reelection if he decides to o run in. two thousandndwenty one e and fm siri s standpoint is busy shows the ac e. ron as part of the solution moving forward and part of the negotiations they're gonna shaking out what the next governmentnt assyria. is gonna look like presence i entire on thank you very much. never it's still being counted in nigeria following saturday's presidential elections initial results showed the incumbent mahamadou bihari has a narrow lead over his challenger the former vice president and businessmen. to apple but cuff but the opposition is rejecting those results as incorrect and unacceptable s

some years ago and we have put together dispositive proof and evidence and you go to our website sirius disclosure dot com and you'll see thousands of pages of government documents and dozens of top secret military testimony of the facts and so i tell people this is not about a belief system it's about what the facts are now you do question that you're asking is why haven't official government said knowledge this that is a very different question from whether or not the subject has been disclosed we've been working for twenty five years to disclose this information and the public has . accepted the fact that we're not alone in the universe the vast majority in fact if you look at even on an acknowledged this documentary it's on netflix now around the world has had tens of millions of people see it and on pirated sites probably over one hundred million people so i thought i'd point out to people is that this information is out there the but the governments have not seen fit to of fully recognize it because it would disrupt the status quo all right so let's take a look at the world pictur

chime in sirius in. three days she ought to give up somewhere else for the name after the couple fronts around the mr hate that for jim and then who are better for it are fairly mature for. easy money. the nominated actress not only in mr letting the world. and non-human stuff out of me and internationally but it and going to what i'm going to see i'm going to work on it this young doubt but. now former french. surely can't act as a supposed. to how can you. why do men and. so on are just not just an honest one. machine did so at most in the home selection on gonna do manny jenny. i'm blessed with all the. rushes i. come fishies yemen for one. another in addition was allowed near seven o'clock doesn't fit all the laws of the law and also the but i kinda. want to you now do not and i was there in and out of the not that not. as you well for vanity as well. only lou the slaughter in the mob days lost a lot of us when i'm no zero and i thought oh now i get the most nine m. i did not get out ocean of them i'

you can also listen to us on the on sirius xm channel 19. listen to us bloomberg business app. super agentng about rich paul. he represents lebron james among others. we caught up with them and talked about developing nba players as a brand. >> the game is everything for us. that is what we focus on. we try to educate, when there are new players coming into the league and their families, to have an evaluation of what is available. , kids want toion see it. and there is no brand out there paying me a million dollars. what is it about? it's about notoriety. let's focus on the game. because the game is going to bring forth everything. the player is already there. he is the player. if your game grows, steph curry 's game evolved. .hampion that is business growth. that is how that works. everybody cannot be lebron. a hundred million dollar contract and deals to start. guys.about the he was the new guy. today.e is a personality mith on aw stephen a. s mcdonald's commercial. 10 years ago that is an athlete. aligney don't need to with someone on tv

patrick: we worked with spotify, sirius xm, apple, you name it.products that are built to last for a long time and they work with all the services. you are not trapped in one ecosystem. you can always get whatever you want. that is why we are able to hit record sales last quarter. emily: amazon and google have sold a lot of speakers. that is some in choosing a specific ecosystem. patrick: that's right, but the nice thing is you're using one of those products and you want to get something for another room of the home or you want something that looks or sounds better, and that also works with apple or google. that's where sonos comes in. emily: jpmorgan thinks apple should buy sonos. patrick: we are working hard to make sure we do the right thing to consumers. emily: would you be open to a deal if an offer at itself available? patrick: we would have to look at that and consider any offer, but i'm focused on making sure we are a successful public company for the long-term. emily: tell us what you are seeing and what is plan b? patrick: we have been i

listen on the bloomberg app, bloomberg.com, and, in the u.s., sirius xm. this is bloomberg. ♪ this is bloomberg. ♪ emily: ed mobile world congress, the battle against a way -- against huawei continues. >> huawei has a strong track record in security for three decades. 73 billion people around the world. accusation hasty no evidence, nothing. emily: to discuss, i want to bring in the executive editor for tech in bloomberg, tom giles. people to fun at the nsa. tom: it was hilarious. he was making a joke in front of the entire world. emily: and it was under the prism program the nsa head back toward into u.s. tech companies. tom: he is basically calling the u.s. a hypocrite. he is saying the u.s. is not doing any evidence of us, huawei toiving china special access global telecommunications , atorks, which the u.s. mobile world congress and that anyone who will listen, has been saying for years now, don't use huawei. it will leave your networks vulnerable, there is this risk that they will somehow give china access to your state secrets, your ip, your intellec

listen on the bloomberg app, bloomberg.com, and, in the u.s., sirius xm. this is bloomberg. ♪ . ♪ emily: some good news for retail. walmart brushed off the disappointing december sales tuesday with its best holiday quarter in a decade. their fourth-quarter u.s. comparable sales beat expectations while e-commerce sales rose 43% in the fourth quarter. all the company takes on amazon, and bush new online sales, it is weighing on margins. to discuss is andrew in chicago and sara hall zach in d.c.. how did walmart avoid a week december? >> i think they showed strength in a couple of key categories. one was toys. the expanded their assortment by 40% and knew this was the first christmas without toys "r" us. they wanted to claim the market share. the other element is groceries. walmart has been investing in grocery delivery and collecting grocery. this is an area where they have an advantage and that was another source of strength for them on the digital front. emily: walmart has a redesigned website and went after toys are us buyers, what in particular do you th

like bloomberg news, check us out on the radio, listen up to us on the bloomberg app or sirius xm.his is bloomberg. ♪ emily: the green new deal is a sweeping proposal by alexander called to cortez. -cortez.o a strategy by senate majority leader mitch mcconnell to put it to a vote is called a move to shift a spotlight on two divisions between democrats. chuck schumer called the plan a cheap, cynical ploy. joining me from washington is blumenauer.earl he is a cosponsor of the green new deal. what do you make of the pushback here? rep. blumenauer: my republican friends put through a tax deal that cost $2 trillion of additional deficit spending. something that was written literally while they were voting on it. never had a committee hearing. lavishing massive tax breaks on people who did not need them. now they are suggesting that having a broader view of -- a bolder vision for renewing the country, polite think i'm a change, and dealing with things like income inequality is somehow beyond our capacity. i think that is wrong. it is consistent with what they have tried to do as far as s

and if you like bloomberg is, check us up on the radio or the bloomberg app or our website or siriusm. this is bloomberg. ♪ emily: facebook is negotiating with the u.s. trade commission over a multibillion dollar fine. there are claims that they violated a consent to create. facebook promised it would implement data protection initiatives. but in december, the ftc said facebook had violated the agreement. we are joined by david mclaughlin in washington. david, this pertains to the cambridge analytic a situation, which impacted 87 million users. >> the information at this point is preliminary. what we know is that the two , facebook isking cooperating with the agency, answering a lot of questions about the cambridge analytica issue. looks to be going is this could be a settlement that potentially could be in the billions of dollars. bloomberg was not able to confirm that there has been an actual number put on the table or that both sides are discussing an actual number for a fine. that sort of looks like where this is going. the other big question though is the conditions that the ftc

lynch, ceo of pandora, will step down and exit the company after shareholders xm.oved a deal for siriusill also exit the company. jim meyer will oversee the newly mind company. tesla's fourth-quarter results are in and it is a mess for earnings. -- miss for earnings. logitech reported strong fourth-quarter results. what to expect this year as it takes on gaming. this is bloomberg. ♪ ♪ emily: tesla came out with fourth-quarter earnings that fell below estimates. they announced they will restructure to cut annual cost by $300 million. we were joined by tasha keeney hall.own a hall -- dana >> elon musk singled to people weregnaled to people they expecting a smaller profit in the fourth quarter than the third-quarter. they missed on eps but still have cash to pay off their debt. shares have bounced around a little bit better fairly flat. emily: the big question is sustainability. tesla had, despite a lot of challenges, a record year. withare you expecting regard to production and delivery and demand? >> we think the model three comes through in surprising ways. it is a top-selling premium s

on sirius xm. this is bloomberg. ♪ is hitting the gas on self driving cars.y announced an investment in the autonomous technology startup aurora innovations as part of their $530 million a fewg round, founded in years ago. over works with automakers to needed to deploy autonomous cars. $2.5unding round valued at million. joining us to discuss, the person who ran google self-driving car unit for a time. surprise.at was a that piqued our interest. why are they getting in? >> from our perspective it is amazing to have a great partner like this. this is a company that is a technology giant and a majestic -- a massive logistics company or we are excited and see if we can make them a customer. emily: how did the conversation ? ay out, what you can tell us how do you see this being integrated? speak to amazon but adam wainwright we are building a driver. that can move people and ultimately will move goods as well. we look at amazon and see this logistics company and look at an opportunity to help them with that overtime. amazonso self driving cars bringing goods to

check us out on the radio, listen at bloomberg.com and on sirius xm. this is bloomberg. ♪ emily: at the conference in barcelona, the battle against huawei took center stage. during the keynote address, the company -- to ban their five g technology. huawei has a strong record insecurity for three decades, serving 3 billion people around the world. accusation onity our 5g has no evidence, nothing. emily: to discuss, bloomberg executive editor for global tech, tom giles. he didn't just ignore -- deny allegations, he poked fun. >> he is making a joke in front of the entire world. emily: and a reminder, it was under the prison program the nsa had on a backdoor in u.s. tech companies and edward snowden revealed it. >> he is saying there is no chinace of us giving special access to global telecommunications networks at mobile world congress and to anyone who will listen has been saying for years ,ow don't use huawei equipment it will leave your networks vulnerable. there is a risk they will somehow give china access to your state secrets, to your ip, intellec