part might be portfolio companies in softbank's vision fund.hat is a $100 billion fund as we know. there are companies there, some doing better than others. certainly, softbank has had a rowan companies like we work -- wework. it is important to mention that a softbank spokesman said there is no truth to this. i want to make sure that is clear. kathleen: what are the chances the banks would agree to make these loans? michael: the incentive for the banks is that carrot and a stick, that they do not participate in this program, they might be excluded from it. softbank mobile would be a large transaction that others would be interested in it. episodes, such as snap's ipo, bank of america did not get a share because they do not want to participate in some of the requirements. whether the banks can do it also depends on their own internal procedures. certainly, you can't make a loan at one of these banks by saying it is part of a bigger deal. there are standards that have to be complied with inside and outside. kathleen: thank you so much. bloomberg

carol: masayoshi son of softbank has taken the industry by storm.e has been on a buying spree when it comes to technology. >> a buying spree. some of the latest deals in 2017. 2017 was a really big year. the uber of china, a ride-hailing company, and we work. you get an idea of how big these investments are. carol: it's a visual representation, right? >> come to 2018 and new companies like uber. i want to continue on the m&a spree. we are looking at m&a go, it was a core function on the terminal that talks about the size of the deals. in the third quarter of 2016 there was a lot of volume of deals but not number of deals. that starts to reverse in 2017. a lot of information. this is why i like the terminal. carol: exactly. give us some perspective of the -- gives us some perspective of the bigger picture. jason: we have been hearing a lot about softbank and its ceo, masayoshi son, known for his bonus -- boldness. kesner -- his nerve has catapulted softbank into a telecom giant across the world. carol: now he is on the lips of every venture capitalis

we are talking what the ceo of softbank.e has been on a buying spree when it comes to technology. >> we have a great chart in the --azine that talks about the uber of china. which is a we work shared workspace. you get an idea of how big these investments are. >> i love the bubble charts. come to 2018 and you have companies like uber and eight ton of -- &a go thatking at m talks about the size of the deals. third 2016 there was a lot of volume but not a lot of number of deals. that starts to reverse as you come through here in 2017. the volume of deals slowly picks up. this is why i like a terminal. a lot of information. >> given you perspective of the bigger picture going on. affect.it the masa we have an hearing a lot about softbank and its ceo who is known for his bold this. it marks his best-known deals like his deals back in the day on alibaba. his nerve has catapulted softbank into a telecom giant. >> it got up to where he is today. he is on the list of every venture capitalist due to his hundred billion dollars vision

softbank might put out a stakes and arms businesses to secure the loan.eate relationships with some of the biggest startups that one would go public themselves and choose them as underwriters in turn. but they have to balance that that companies are using money and operating in industries far from proven. haidi: appreciate your time. our bloomberg asia tech reporter coming to us from singapore. let's get a quick check of this is flash headlines. the board of cbs is negotiating an exit path should -- package for les moonves, who has been accused of sexual harassment. the board is in talks to and a legal fight with controlling shareholder, national amusements. it would dilute the diverting steak and postpone any merger with viacom. cbs shares gained on news of a potential deal. talks for a technology. it would be a strong strategic ally for its campaign to increase popularity of hybrid vehicles, such as the previous in china. they took the number three position in the car market, the world's largest. a pair of harvard trained american oncologists joined for

we are talking what the ceo of softbank.has been on a buying spree when it comes to technology. >> we have a great chart in the magazine that talks about the -- -- the latest deals in 2017. it is like the uber of china. a ride-hailing company. we have the we work which is a shared workspace. you get an idea of how big these investments are. >> i love the bubble charts. come to 2018 and you have -- haveike uber companies like uber. really just a great deal. we are looking at m&a go that talks about the size of the deals. you can see that in the third quarter of 2016 there was a lot of volume but not a lot of number of deals. that starts to reverse as you come through here in 2017. the volume of deals slowly picks up. and so does the number of deals. lot of information. this is why i like a terminal. >> given you perspective of the bigger picture going on. we appreciate it. affect -- the masa call it the masa affect. we have an hearing a lot about softbank and its ceo who is known for his bold this. -- bold deals. it marks his

softbank isith mind-boggling and on a scale like anything in history.ng on alex: there are a lot of big numbers here -- on? alex: there are a lot of big numbers here. hundredpotentially the billion dollar vision fund that soft rank as. to put this together, they are trying to line up underwriters for that ideal in tokyo and are saying, look, if you want to have a role on this blockbuster deal which could top alibaba's ipo, you need to lend to other parts of our business unit. this is all according to people familiar, but the discussions include potentially lending division fund or other parts of softbank. it is interesting because you have seen this kind of happened before with snap. they gave a lot of boost to the underwriters when they went public. this is not about the company that is going public. this is them asking to lend to other bits of the company. the collateral is not clear in these loan discussions whether that would be private or public companies. all of the discussions are going you have to shell out cash over here to get cash from us ove

now all roads eventually lead to softbank.hey are, if there is any company looking to raise in the billions, hundreds of millions of range, they all need to look at softbank. as you mentioned before, at funds like sequoia, they are having to raise bigger washington, d.c. of money to be able to compete and have an equity stake in their company as they get larger and larger. emily: just back from tokyo. thank you so much for sharing that interview with us. you can check out her story in this week's edition of bloomberg "businessweek." definitely worth the read. coming up, the first cybersecurity company born in a.i. but as attackers get stealthier, will they begin using a.i. too? we'll discuss next. you can czech us out at technology and follow our breaking global news network tictoc on twitter. this is bloomberg. ♪ emily: a cybersecurity start up refers to its technology as an immune system. learning the intelligence of the human body and identifying threateneds to a company's network. ow with increasing scrutiny on cybersecuri

nerve hashis catapulted softbank into a telecom giant across the world.: now he is on the lips of every venture capitalist due to his $100 billion vision fund. we see how he is reshaping startups and how they get funded. check it out. >> it's one of those classic rags to riches stories. he grew up in japan in a poor family. he is of korean heritage and was bullied a lot as a child. p ended up going to uc berkeley for college. when he went back to japan he changed his name back to his former korean name, which was really sort of making a statement, showing yes he is an outsider but can make this work. from there he eventually built softbank into this giant telecom conglomerate, buying stakes in all sorts of companies. they have a mobile carrier unit, a big stake in sprint. they acquired a chipmaking company. he has always been known for making big bets and being an opportunistic investor. he hadthe dot-com bubble hundreds of investments and startups, but many ended up failing. with this $100 billion tech fund he actually has the capital and team to do what

>> we formed a joint venture with softbank corporation to pursue the business of 5-g and iot globallyhat we are going to be doing in this phase of the joint venture is to develop and demonstrate a stratosphere that is powered by solar power, energy. and it's going to fly on the edge of the atmosphere, and aerovironment has years of experience with this think of it as a super cell tower up in the stratosphere and providing connectivity for everybody that needs it. >> well, you could have hundreds of those >> well, the world is pretty large, as you know we could be flying this, of course and we're focused on this phase of the development, which is to demonstrate this capability. we have a very rich and deep history there. we have already flown -- in fact, we have the world altitude record, over 96,000 street with a solar powered airplane we did a decade and a half ago. >> how about fires or hurricanes, what can first responders use >> we continue to believe that our systems and solutions, the way they're made, like your fly it in thunderstorms, fly it in rain, dunk it in water and fly i

you sell the softbank investment into cruise for gm.nd the investment fund anterday announced investment in a different electric vehicle. investmente a huge in electric vehicles? >> we can. audi has 12 electric vehicles funded by ourselves. be aey thing is to successful company. if you're are successful, you generate the revenues to continue to invest. this is huge technology that cost a lot of money. we believe we can fund it. and we want to because these are technologies we want to have in-house that we want to be able to support. you have to have them under your wing. we feel we have the capital to develop this with a properly scaled business. --what about the on about the autonomous part? --when will you be autonomous? level two.icle is a it has tremendous amounts of safety. this is dramatically different from autonomous. that technically means no steering wheel, no pedals. frankly, it will be a while before that is happening on american roads. bloomberg's westin with the audi ceo. coming up, amazon's refreshed thisct line was unvei

sources say banks offering anancing are likely to win slice of the softbank mobile ipo.ma ponders life alley bob life after alibaba. he how he plans to make a global impact through philanthropy. this is bloomberg. ♪ this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers

that company said he believes the market is not pricing in some benefits from its investment in softbankcar push. he is sticking by a number of his holdings but he has been short a tech basket of stocks. we have seen tech have more issues and volatility this year, but they have still performed well. he is struggling on both fronts. he is remaining resolute. but some investors have decided to pull money. we will see where it goes. caroline: is it painful across the board if you are trying to be a value investor at the moment? >> it is because we have seen the s&p continue to rise. more volatility this year, but it hasn't seemed to last. the u.s. market has continued to rise. when you have the rush toward passive index funds charging single-digit basis points versus hedge funds that are struggling to benefit from the hedging part of their portfolio and underperforming the s&p this year, it is a hard message for investors. caroline: is there one outperforming the market or keeping in line with the s&p 500? >> we've seen some veteran managers put up strong results this year. managerseen emer

let's get you an update on your business flash headlines starting things off with softbank.hi son is asking big banks to put the cash down if they want to keep them and what could be the biggest ipo. loans are being asked to be prepared for the other part of the conglomerate. use a verifier of age and identity of gamers playing on their platform. response to a social criticism of youngsters spending too much time in front of the screen. have -- i wouldn't say bounceback. they are around their lowest level in a year. years, jack went from english teacher to world-renowned business leader and china's richest man. he is laying the groundwork for a future after alibaba. the company he cofounded and turned into an e-commerce giant. our china correspondent set down his him to talk about prospect division. we have so much resources and so many talents. we have 600 million people using us almost every month. put those kinds of love, respect, responsibility thisthe business model, giant, alibaba, could destroy many things. it could do good things and bad things. technology is cold, p

offices are here to facilitate that transition for those companies and set them up here >> that was softbank'sthey have not spoken about their vision it looks like they're going to step up their presence there it's not so much the vision fund looking to invest in startups. there's not that scale instead, they're looking to bring some of the portfolios they're invested in the prison fund there's a hint that we can expand the presence in the middle east. >> willem, cryptocurrency is a huge topic here. i have the perfect guest to speak to me about that now he's the head of regulatory relations for apac and the middle east at ripple. i want to talk to you a little bit about how the regulators view the ripple business march the markets when 2 comes to that. >> when we talked about cryptos years ago, blockchain good, crypto bad they think of the whole space in one conjunction so you can not have run this without the airplanes, right that is changing policy and regulators are seeing that there is a strong group ripple started out as software and we sell it to banks and financial institutions to compa

a softbank that is raising money.a lot of money outside the banking system, outside of regulatory structures you talked about. hank: not as much as we did. you named a couple and there are a couple more. moreld like to see protections. we have orderly liquidation authority to wind down an institution which is failing. i wish we had that to deal with lehman brothers. what we don't have is the authority for the need about outside of the banking system. the thing i would be most concerned about are some of the authorities we used to stop the panic. the exchange stabilization fund at treasury we used to guarantee the money markets. trillion a run on $30 -- $3.5 trillion. markets were funding short-term borrowings from some of the biggest companies in the world. one of my markets began to implode -- when the money market to get to implode, these big company started cutting back on their short-term funding. this would have moved very quickly to suppliers, to smaller industrial companies. they could have been disastrous over

you saw the softbank investment into gm. the saudi public investment fund yesterday just announced a big announcement into a different electric vehicle. do you have enough resources to make a huge capital investment required for electric vehicles? scott: we do. if you look at our outlay and a -- our plan audi has announced , outwards of 12 electric vehicles and funded ourselves. the key thing to that is to be a successful company. if you are successful, you generate the revenues to reinvest. make no mistake, these are huge technologies that cost a lot of money from autonomous to electrification, but we believe we can fund it. frankly, these are technologies we want to have in-house and the -- be able to support because these will be future technologies, which means you have to have them under your wing. we feel we have the capital to develop this with a properly scaled business at a properly -- and a properly scaled company. >> what about the autonomous part of it? what does this new vehicle have that goes towards autonomous

you saw the softbank investment into cruise for gm. saw the saudi investment fund yesterday announced an investment in a different electric vehicle. do you have the resources where you can make a huge investment in electric vehicles? scott: we do. if you look at our plan, audi has 12 electric vehicles funded by ourselves. the key thing is to be a successful company. if you are successful, you generate the revenues to invest. that are huge technologies cost a lot of money from autonomous to electrocution. we believe we can fund it. the reason we want to find it is these are technologies we want to have in-house that we want to be able to support. you have to have them under your wing. -- support. these are going to be future technology so you have to have them under your wing. we feel we have the capital to develop this with a properly scaled business improperly scaled company. david: what about the autonomous part? what is this neutron have that goes towards economist? when will you be autonomous? scott: this vehicle is a level two. it

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softbank dragging on that benchmark. asian stocks tracking u.s. futures lower.ns, trading around 111. the offshore you want is being -- yuan ist 680 being pushed about 680. the aussie is looking pretty vulnerable. one group dropped $70.20 over this backdrop. we are seeing some moves in the u.s. 10-year yields. trading about 2.97% so far at the start of trade. president moon is making his way towards pyongyang. >> thank you so much. let's get you the first word news with jessica summers. : president moon is on his way to pyongyang on a mission to revive nuclear talks between the united states and north korea. it is the first id south korea leader in 11 years. kim is touching for a peace declaration with the united states before taking steps toward dropping the nuclear program. warning af the imf is no deal brexit would have economic consequences for the you take economy. lagarde recognizes it's entirely possible that britain could crash at of the european union next march, and without a trading relationship with the single market. any deal, all likely scenarios o

softbank is rising for a third day. the pictures are looking a little bit mixed.or off by a third of a percent as you have software and hardware players mostly rising. apple suppliers are under pressure. when you take a look at some movers want to highlight advances is among them. we have the semiconductor space under pressure and goldman warned of more headwinds for companies and pricing issues. spectrum, they are gaining ground. it is ready to share hybrid car secrets of china and gaining about 1.2%. they're reporting that the factory automation player plans to start operations at its robot system plant in michigan in the fall of next year. shery: think you so much. sophie kamaruddin checking the market. let's not get the u.s. talk about trade because the was government proposing a new round of trade talks with china to avoid escalating the trade war, our chief north asia correspondent stephen engle joins us with the latest. the fourth, fifth round of negotiations at least? -- at least it is some good news they're still talking. reporter: this would be the fifth

remember, asean has been a battlefield for companies, the likes of alibaba, softbank, who have been investinghe growing middle class and the population.g so we expect the discussion to focus on how to tap resources in this part of the world and an sure that the growth we have been seeing in this part of the world continues to be sustained. this meeting is also important because it comes amid all the issues we have been seeing in the world, including a trade war in the u.s. and china that is escalating. i broach the topic in my discussion with vietnam prime minister. he says, everybody needs to be concerned about this trade war. >> the trade war between the u.s. and china, the two biggest economies which are also the two largest trading partners of vietnam will surely impact our country. andver, a resilient vietnam a resilient member of his our house inl get order so that we can overcome any obstacles. important for vietnam is that we continue to maintain our growth, maintain macro economic stability, maintain levels of export and the living standards of our people. haslinda: can you quantify

earning $6 a share and softbank to it the deal of autonomous cars worth 7 or $8 a share and their electricworth a lot more they said yesterday their goal is to have an auto industry with mow accidents, no congestion and no environmental emissions it's an amazing goal you can see how general motors scutistically is worth $60 or $70 or $80 a share the only thing i want to say is the buyers know that and the sellers know that. >> it's going to have to be almost recast in a different light, right some of the parts is probably there, but i think thinking that you're in this weird part of the auto cycle where you're past peak and it's more than an albatross than an opportunity is definitely going to stay there, but it is demonstratively cheap. >> let's talk china because the trade war wages on today marking the end of that public common period on president trump's proposal for an additional tariffs on $200 billion on chinese imports the new tariffs would hit consumer products, really for the first time and we're talking products like furniture, tires, bicycles, car seats for babies, food the lis

softbank is telling underwriters if they want a larger role, they should lend other parts of the parentiel low reportedly will move to replace the entire board at campbell soup. the hedge fund is unconvinced by the plans to sell units. strawberry to pushing for a sale of the company. schneider josh john schnatter is accusing the pizza chain of plotting to oust him. he said the company accused him of racism to save his own job. he step down as chairman after admitting he used a racist were. poppa john -- a racist word. accusationsays the are without merit. to bloomberg at the aviation festival in london. >> is there a reset going on? if there is a reset, it includes moving forward 3, 5, 7 years out. could it produce a healthier economy without too much domination by other players? there may be volatility. in the longer-term term, it is likely to reset. i will pick it up. day in the u.s. and investors are expecting a hiring rebound for august paving the way for a september rate increase. this comes as president trump tweeted wages rose. they should mention he tweeted that. joining us now

including the sale of a stake to japan's softbank in a statement to the journal, he said he was rightfullye deeply regrets his behavior >>> salesforce's marc benioff sounding off on facebook here's what he said last night on "mad money. >> we have given a huge amount of our power to so many technology companies that's why there is a discussion now in washington, d.c. about regulation should they be regulated not just facebook, but every company? now, you know the world economic forum i called for the regulation of facebook. >> yes, you do that's right you did. >> i said they lost my trust because of how they've handled their privacy scandal. they are in a crisis of trust. facebook is still in that crisis of trust so you see those actions by customers, consumers, and executives now, they can change every company can change they're not the only company that's going through a crisis of trust. but our industry needs to wake up and realize that there is a tech lash happening. and we all need to step up to a new level of ethical and humane views. >> those are interesting comments >> and catch th