i am taylor riggs.s is "bloomberg best," your weekly review of the most important news, analysis, and interviews from bloomberg television around the world. let's start with the day by day look at the top headlines. ater last week closed with flurry of tariff threats between the u.s. and china, president trump delivered positive news in a press conference at the g7 summit. ♪ >> s&p futures have turned positive after president trump said that china wants to restart trade talks. pres. trump: china called last night our top trade people and said, let's get back to the table, so we will be getting back to the table. and i think they want to do something. >> the president's earlier comments that he has the power to force american companies to leave china roiled u.s. companies, sending yields sinking into a three year low. >> today it is a different world, a different trump. he said it was china that called him. they called twice. now they are serious about this deal and they want to engage in the negotiation

taylor riggs is at the apple had orders into chino. the iphone 11, the one that has to hit it. exactly. it's a 4g model. everything coming up as expected. we knew that it would be called the iphone 11 with a big camera lens. as soon as we get pricing strategies i will bring that to you, that is what we are waiting for. in the meantime, amanda, i wanted to talk about the apple tv plus, sending shares higher with shares of competitors, disney, roku, netflix, lower. coming out now, it is confirmed, $4.99 on the pricing strategy. that is aggressive considering it's lower than their competitors. more importantly, content wise they will tie it in further with an actual device, tim cook coming out to say that if you purchase a device from here on out, you will get tv plus for

taylor riggs, thank you for that. taylor is at the event in cupertino. we will be back with her in just a little bit. taking a leg lower now, the dow is down 1/10 of 1%. of course, we have been down 6/10 of 1% earlier on in the session, so not that much of a change. headlines from jamie dimon, speaking at the barclays conference, saying that trade concerns are hitting and business confidence but that jpmorgan will generate $57 billion in net interest income in 2019. that's quite a precise number for him to come out with in 2019 on net interest income. shares are up two thirds of 1% and at the forecast is lower than the previous guidance by about a half of a million dollars. this is bloomberg. ♪ vonnie: this is "bloomberg markets," i'm vonnie quinn. every year the capital markets assumptions reports comes out, covering private equity to bonds and natural resources and this point $2firm worth one trillion is relatively bullish, calling for returns from 4.5 to 8.9% in the next five years. joining us with more insight is oversightf investment officer at nort

heart taylor riggs with a it -- here is hardest working woman bloomberg, taylor riggs. >> you're so nice should talk to you more often. at one point, this was at the lowest point since july, there was a bit of a rebound, now offer one half of 1%. this is an interesting story. the former ceo resigned came out and sold all of shares in the country between 15 and $20 -- and he iseen going into gold and cryptocurrencies. you see quite a divergence in shares. this is certainly something that had it -- shareholders nervous, having the former ceo getting out of the company completely. we are not sure why he's doing that, but we do know it has been a rough ride as patrick byrne did step down last month, leading -- leaving the question of who is in charge. as an interim ceo, the average age of the board is 54. a lot of questions remain about the company. guy: a lot of drama, but what about the fundamentals? >> a great question. revenue has been falling on the top line, they are now posting losses on the bottom line for the past three years. in july they said they were of $120for recovery million

i'm taylor riggs. brought a flurry of technology from the ipo front, including wework ipo woes and peloton with plans for a public food company debut. to break down the technology ipo landscape, i asked our bloomberg source how wall street was interpreting the ipo parade. >> truly amazing. we have reported for a couple of days that they boosted the price range from $12 to $14 and the price now is where it will price. two days ago we had more optimistic sentiment around some of these big ipo's. a lot of these that upped their pricing did very well this year. everybody but uber and lyft. wework was tumultuous, but those were considered one-off in the market that was really value and growth. taylor: talk about peleton. they are out on the roadshow. >> peleton is kind of like everybody else. two days ago everything was ok, they were up, the nasdaq was up, suffer them to fall so much has cast a cloud over a lot of these listings that are about to happen. investors want to see a stronger bottom line. revenue

taylor riggs in new york.the negative rate, and what that means for banks. let's get straight back to rick lacaille. how much pressure -- we are never under pressure, but do we risk some of these banks flirting with financial instability? rick: i don't think they are flirting with financial instability at all. they have good capital ratios. their problem is many fold. you have an economic downturn, an inverted yield curve. they are priced for disaster. r-value team has found really interesting opportunities in european banks. i don't think there is a financial stability problem. >> talk to me about the price-to-book ratio. in the u.s., that number is above one. orthat a numerator denominator issue? rick: i think it is a numerator issue. what you're suggesting is the denominator, the book value is more challenged than the bank wants to admit. you have price-to-book ratio of much less than one. there is value there in terms of long-term returns. it does depend on in a sense economic conditions returning to norma

♪ taylor: i am taylor riggs in san francisco. this is "bloomberg technology."oming up, pressure rises as some board members of wework consider ousting the ceo after the delayed ipo. plus, snap to attention. the giant seems to be helping the federal trade commission. plus, vimeo to become a publicly traded company. we will hear about the content strategy and a new hiring feature. first, our top story. more worries for wework. pressure is mounting to oust ceo adam neumann after the delayed ipo. the board was supposed to meet today but they are likely going to meet later this week. ellen huet covers startups and she joins me. why the shakeup? ellen: insane week in the last week or two. pressure first to delay the ipo and now it seems like there are reports to consider replacing the ceo, adam neumann. a lot of back and forth within the board. maybe delay the ipo october and later. we seem to be watching as it unfolds. possible board meeting this week, not expected today but likely very soon. taylor: who wants adam neumann out? ellen: that is most likely softbank. t

i am taylor riggs in san francisco. u.s.re not letting up in their investigations into whether big pack is too big. bloomberg learned the federal trade commission was looking at amazon, trying to figure out if it is squeezing out smaller businesses. we got more details on the probe into google. multiple committees sent letters to google, amazon, facebook and apple. joining me to discuss this and all of the other topics in this week in tech is the chief investment strategist at securities. let's talk about antitrust. do you feel that regulatory scrutiny is justified? >> absolutely. these companies are the broadcast networks of our time, except they can see through the tv into our home. somebody said facebook doesn't need to get your resume because they already know everything about you. there is clearly an issue here. the problem i am finding is there are so many different issues being looked at by ftc, by the state attorney general, the house judiciary committee. there are all kinds of different levels. there is anti-competi

taylor riggs has more. why is that? taylor: it was interesting. you had shares of all of apple's competitors like roku, netflix, disney selloff on the news today you are starting to see a rebound in roku because analysts think roku may be poised to benefit from the overall structural shift from cable into the over-the-top service. they say you cannot launch a streaming service without also launching it on roku. roku would be poised to benefit. we have a chart showing the trends of subscription service from cable, which has seen year declines from five to 7%. that is similar to what you have seen and drop off rates from 20 well. you know the story. all of the cable providers are in terms 7% annually of losing subscribers. we also have a chart that shows with itscommits -- competitors. if you have the roku, if you , which has ae tv base of 900 million users, and then amazon has about 100 million prime subscribers. we know that has the free capability to go over to amazon prime. a lot of benefits that roku can capitalize on. they see them as being ab

♪ >> i'm taylor riggs and this is the best of bloomberg technology were bring you all of our top interviewsrom this week. coming up, ipo woes. butork was meant to embark obligations have delayed the ipo. plus, is it of right time for facebook to tout a device that can listen to you in your own living room? adaptation.imate bill gates wants to help invest nearly $2 trillion to help the world become more resilient. his thoughts on and dental solutions for climate change -- potential solutions for climate change. wework was the roadshow that wasn't. of the most anticipated debuts of the year is postponed until october. they're looking for time to calm investor doubts about its dropping valuation, governance problems and financials. point, this was supposed to be a $47 billion company. that number is now $15 billion and could be even smaller. joining me to discuss this was the cofounder and chief revenue en,icer at equity is an -- z a marketplace for pre-ipo shares. lot to address before they can go out to the investors and ask them for their they were looking for $47 billion and now we are hea

i'm taylor riggs.alifornia legislation impeding many companies from claiming workers as independent contractors take effect in 2020. passed the5, the law senate and assembly last week and governor gavin newsom indicated he will sign it. i will companies like uber and lyft make out? to discuss, i am joined by steve james. he's also an uber shareholder so you are the perfect person to talk about this. how big iof a hit is it? steve: some of the estimates, anywhere from 20% to 30% in terms of the california operations. larger than just uber and lyft. it is any gig economy marketplace. that includes service marketplaces. a lot of these companies have come about in the last 10 years. they are involved in fixing appliances in your home, perhaps cleaning your office, driving you or your family or your coworkers to and from their employment. it is really a far-reaching bill. there has been a lot of exceptions applied into it as part of the political legislative process. it has been an interesting thing to watc

we are joined by taylor riggs in san francisco. what happened, taylor?medf on valuation that is still up triple digits from the ipo. many analysts are probably thinking the stock got ahead of it on its valuation. a lot of this is just the massive run-up you have seen, up about 130% in just the last few months. if you look at the chart i am showing in my bloomberg terminal at gtv , we are looking at the big increase in stock price in july. you come back down to earth, settling here around the average analyst price target of $160, the analysts today coming out with a street low of $70 a share. a lot of this is low barriers to entry, with big competitors like nestlÉ, tyson foods and kellogg coming out with competing products. big firepower behind those companies, meaning that this could present competition for beyond meet. guy: what does that mean for the top line? taylor: the analyst says he still expects the top line to be in the near term, though long-term headmans might present themselves at the end of the line -- he is still looking at a company wi

taylor riggs has more. taylor: the sudden departure makes analysts and investors nervous.he cfo will take a different position at a different company. on the fundamental level of the stock, you can see the stock has fallen to a 97 level. it is still a wide difference between were analysts think it is and where the stock is trading. you did have bank of america this morning downgrade the stock to neutral, saying this departure brings a lot of uncertainty. you mentioned the increasing 5g competition. the william blair analyst is talking about uncertainty around the fiscal 2020 growth targets, particularly growth around data centers. now we are showing a one-your chart. i want to look at the technicals. you have a descending triangle pattern. i-97 handle or so. you have fallen below the key $100 level, which is a key technical level. the story today will be centered more around the fundamentals. but all of this providing more uncertainty. guy: analysts are concerned about where this story is going. as you mentioned, they are particularly concerned about the rollout the 5g and

taylor riggs has more. taylor: mostly coming in line with expectations.ot anything worse the company could have said. that is what analysts are hanging on to. the company did say they think chip demand has bottomed out. they are not seeing a reseller ration of growth that they were hoping for. you can see that when we take a look at earnings-per-share growth. it does look like we just reported the third-quarter earnings. it could be bottoming out in the fourth quarter. you're looking at a drop of 8%, and then starting to rebound slowly in the first quarter of 2020. if you come into my terminal at gtv , there was a lot of analyst price cutting in june, and look at what is happening today. you're getting a little bit of optimism from the street analysts. raising those price targets because it was not worse. you are seeing companies like jeffries. vonnie: i will break in because we have something a little bit more urgent. share has started trading and it is a successful open, opening at almost 2%. the ipo price was $15. a little bit of trepidation with a

i'm taylor riggs. our top story, the increasing probes into alleged antitrust behaviors by big tech companies. this time, google was in the spotlight. 50 attorneys general opened a broad probe into the company's certain advertising practices. this followed friday's turn of events, new york's attorney general announced she is investigating whether the social network was stifling competition. i sat down with facebook's former chief privacy officer chris to get his thoughts. chris: it was almost inevitable that big technology would be in the crosshairs of too tough a concept to imagine here. there are a lot of questions that have gone on in the number of different areas and a lot of them are getting swept up into antitrust type of conversation. there is challenges to that we need to talk about, but more than anything else, when companies touch people's lives in so many ways, there is inevitably a question about whether they are always laying fair. taylor: this is the state attorney general's case, faceboo

jason: taylor riggs is helping us break it down. ylor: there is a rare earth metal etf because this is bloomberg. 20% of this is rare earth so it gives us a gauge of where we are. march 2018, the start of the trade fight, and on top you are looking at the price of the etf falling as investors are concerned about demand for these products that make a lot of consumer electronics and batteries. very interesting on the bottom in blue, you have fund flows into that etf. you are seeing investors really buy into this. i bet, maybe hoping the tariff fight will be resolved and they won't see tariffs on the rare earth metals. carol: a great illustration of what has been going on. rare earths also help explain why president trump is interested in taking greenland off of denmark's hands. editor julian goodman breaking that down. >> from the greenland perspective, it is important for them to develop this mining operation because they have been trying to become independent from denmark for a long time. they achieved a big step in that in 2008 and

taylor: i'm taylor riggs in san francisco. this is "bloomberg technology." in the next hour, wework suspends its sales pitch to investors but will the delay help allay investor doubt? apple tells the european union court that it has been unfairly labeled a tax dodgers. more on the case that started tuesday. and who is laughing now? netflix cofounder mark randolph says blockbuster left at the company's original movie by mail service. we will hear his latest thoughts on streaming wars and tech culture. first, it finally happened. wework is pushing back its ipo. what was once one of the most anticipated debuts of 2019 is now postponed to october. they are looking to calm doubts. at this was the post to be a $47 -- supposed to be a $47 billion company. now that number is about $15 billion and perhaps smaller. joining me to discuss, phil haslett. and, in new york, crystal tse, who has been covering this troubled ipo. what was the problem today? is it valuations, financials, or governance problems? >> all of the above. the simple answer is they have a lot of thing

i am taylor riggs.nounced tuesday the ceo of ebay with stepping down on the company was operating a review. they have been under pressure from an activist who is pushing the company to spin off some of its businesses, including stub hub. the chief financial officer has been appointed interim ceo. i spoke with spencer about the move. spencer: parts of performance and holding the company together, not selling pieces that activist investors want sold, this is bringing ebay closer to the scrap heap. it's like the breakup part two. it's a similar situation that ebay faced about five years ago when carl icahn was pressuring the zen ceo to break up paypal. -- then ceo to break up paypal. now we have a promising up-and-coming company that they want to spin off like they did with paypal. it's just a breakup let's left -- of what's left over. taylor: what are the activists pushing for in terms of breaking up the company? how can they unlock value? spencer: they've have had pressure to sell stub hub and other busi

i'm paul allen alongside sherry y ahn and taylor riggs. take a look at the top global tech stories of the day. taylor. taylor: thanks. we start with struggling videogame retailer gamestop. tumbling more than 20% after posting a second-quarter loss in issuing a forecast that is far below analysts projections. store sales are a key measure of performance and gamestop says they will go to the low teens this year, more than an earlier forecast of 5% to 10%. while disney is planning to sell, fox's entertainment asset earlier this year. the business creates free to play mobile games that didn't marvel strike force which raked in more than $150 million. free to play games make money by convincing players the byproducts in the game. upnet has games coming based on the avatar and alien movies. mcdonald's is betting on automation to smooth the way at the drive through. it is by a startup that develops voice recognition technology for use in the restaurant industry to help speed up lines. it can create a machine that can take orders and read that them

i am taylor riggs.big week for apple as the tech giant launched its newest hardware at its annual product launch tuesday. among the items unveiled was in -- a new apple watch and a low-cost ipad, not to mention a bunch of announcement tied to its new apple tv plus and apple arcade. the suspicion prices about five aboutscription price is five dollars a month, making it competitive to other streaming companies like netflix and disney. but as always, all eyes were focused on the freshest versions of the iphone. >> the iphone 11 pro. these are the most powerful and most advanced iphones we have ever built in a stunning new design. taylor: apple unveiled the iphone 11, iphone 11 pro and iphone 11 pro max. the iphone xr are coming in at $700. the iphone 11 pro fries will -- price will still reach the $1100 mark. my guests generally to discuss. >> this was another apple event, but nothing really are -- earth shattering. it has been a while since couple came out with an entirely new hardware product that change

i'm taylor riggs in san francisco.marked an end of an era for chinese internet giant alibaba. chairman jack ma stepped down bigs executive chairman. the biggest e-commerce company had more than $56 billion in the last financial year. ma became china's wealthiest man with a net worth of more than $40 billion. we take a look at his story. >> jack ma started out teaching english more than 20 years ago for just $15 a month. in 1999, he jumped on the internet train, setting up a platform for business-to-business selling. that's what started alibaba. he took aim at ebay with towel bow which led individual sellers trade with each other. 2007 was a milestone as he listed the business rating division in hong kong only to do list by his later as performance data -- sagged. however, the company made a big getting $252014, billion in new york with the world's against ever ipo. >> everybody should have a dream. what if the dream comes true? >> as jack ma steps aside, he leaves an empire that has a grab that has expanded aggressivel

i'm taylor riggs. some headlines now on teleton, setting its ipo offering of 40 million shares at $29 a share. we will continue to watch the pricing. now we continue to cover apple's product launch which includes a new apple watch, low-cost ipad, and three new versions of the apple iphone. one theme that did not come up, apple's current relationship with china or how the company's products have been impacted by tariffs. products like apple watch, air pods, and i met computers have already been hit by this month's 50% tariffs. is now the right time to be putting a spotlight on the new products and will they be impacted by the ongoing u.s.-china trade war? ives, who, dan currently has an outperform rating on the company. also with me, june, of rosenblatt securities. dan, let me start with you. can you quantify for me to date the impact of china tariffs on apple's bottom line? dan: we view it in terms of the stock, about $20, $25 overhang. in terms of eps, and turning into fundamentals, those have been te

taylor riggs, thank you so much. interesting conversation. bloomberg technology global link, don't miss bloomberg technology at 7:00 a.m. in sydney, 5:00 a.m. in hong kong, and 5:00 p.m. in new york. , we are counting down to thursday's policy announcement from the ecb which many expect to bring measures to deliver more easing. this is bloomberg. ♪ ♪ pres. trump: we come here in the knowledge that we cannot erase the pain or the people of that dark energy day, but we offer you all that we have, our unwavering loyalty, our undying devotion, and our eternal pledge that your loved ones will never, ever be forgotten. was president trump speaking on the anniversary of the 9/11 terrorist attacks. it has been 18 years since those attacks happened in which 2977 people were killed. let's now get the first word news with jessica summers. thanks. president trump has resumed his attack on the fed. he said interest rates should be zero or less to help the u.s. refinance its debt. poll shows as a news most americans fear a recession in the next 12 months.

i'm taylor riggs in san francisco. this is "bloomberg technology." titans of tech. oracle ceo takes leave. he announces he will take a leave of absence for health reasons. shares slip and post market trading as revenue comes up short. we will have details. plus, the cisco bread. we will talk potential supply chain disruptions amid u.s.-china trade tensions with john chambers, former ceo of cisco. and linking up. we get an exclusive check in with the linkedin ceo. jeff weiner. his thoughts on the company three years after microsoft acquired the job listing site. but first, to our top story. a late developing shakeup at the top of oracle. the ceo is stepping down for health reasons. the company did not specify what issues he is facing. but executive chairman released a statement saying "oracle has an extremely capable ceo and an extraordinarily deep team of executives, many with long year tenure." joining me to discuss, bloomberg intelligence senior analyst in new york, and with us, global executive editor tom giles. tha

♪ ♪ taylor: i am taylor riggs in san francisco. this is "bloomberg technology."ing up in the next hour, cooking it up, apple ceo tim cook takes the stage in cupertino tuesday. his deputies reveal the new iphone 11 models with three colors and three cameras. details on those devices and more, like the apple watch series five. plus subscription service apple , tv plus finally gets a price, it will cost a consumer about five dollars a month. how the price and content stacks up against other streaming content companies. and the hits keep coming. mutual fund giant fidelity reduced its wework valuation by 34% in march, adding to the office rental company's pre-ipo woes. but first to our top story, it was a big day for apple as the tech giant launched its newest hardware at its annual product launch in cupertino, california. among the new items, a new apple watch and a low-cost ipad, not to mention announcements tied to its new services, apple tv plus and apple arcade. but as always, all eyes were focused on the freshest versions of the iphone. >> this is the iphone 11

i'm taylor riggs in san francisco.ur top story of the day, it was a bumpy ride for peloton. after initially setting the ipo price at $29 a share, the price fluctuated for setting on an opening of $27. the opening was the third worst for a mega ipo since 2008. the process of picking an opening price took a little bit less than three hours. remember, peloton, of course, still unprofitable. ceo john foley told bloomberg that the concern peloton is losing money is "semantics." to discuss, i'm here with techonomy's founder. and here with me in san francisco, our guest. are here, let me start with you. what happened today with peloton? joe: i think what you are seeing is a restructuring change in the way the ipo market works, and peloton is as good an example is any of the ipo's we have seen over the last six months in that what we are seeing is a story about demand and access and how that has changed recently as a result of an active late stage private security market, which is happening in peloton's case 13 months earlier

taylor: i'm taylor riggs. this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, ipo woes. wework was supposed to be embarking on its big roadshow this week, but complications delayed the ipo. regrouping? mpany plus, listening in. is it really the right time for facebook to tout a device that can listen to you in your own living room? we speak with the vp of augmented and virtual reality. and rapid climate adaptation. billionaire bill gates wants to help invest nearly $2 trillion over the next decade to help the world become more resilient. his thoughts on and potential solutions for climate change. for wework, it was the roadshow that wasn't this week. one of the most anticipated public debuts of the year, it is now postponed until october. the shared office space provider is looking for time to calm investor doubts about its dropping valuation, governance problems, and financials. remember that, at one point, this was supposed to be a $47 b

." ♪ ♪ taylor: i'm taylor riggs in for emily chang. this is the "best of bloomberg technology."e tit-for-tat continues in china and the u.s.. they announced face-to-face negotiations scheduled for october. this is after a new batch of tariffs imposed by the u.s.. what it all means for apple. google will pay $170 million as part of an ftc agreement for violating children's privacy on youtube.

. ♪ ♪ >> i'm taylor riggs and this is the "best of bloomberg technology."g you all of our top interviews from this week in tech. coming up, crowd strike found themselves in the middle of the trump-ukraine scandal. we hear from the ceo in an exquisite interview. -- exclusive interview. pella

. ♪ taylor: i'm taylor riggs, in for scarlet fu. bloomberg "etf iq," where we focus on the access, risks and rewards offered by exchange traded funds. ♪ taylor: the big shorts. michael burry sees a bubble in passive investing. leaving smaller value stocks neglected. we debate his call. tiffany, facebook, hasbro, all can be found in the renewable capital etf, tied to an oil tycoon, t. boone pickens. we asked the founder behind the fund why. the demonstrations in hong kong

taylor: i'm taylor riggs.is the "best of bloomberg technology," where bring you all of our top interviews from this week in tech. coming up, ipo woes. supposed to be embarking on its big roadshow this week, but complications delayed the ipo. how the company is regrouping. plus, listening in. is it really the right time for facebook to tout a device that can listen to you in your own living room?

. ♪ ♪ taylor: i'm taylor riggs in for emily chang, this is "best of bloomberg technology" or we -- where our top interviews from this week in tech. coming up, oracle's ceo takes leave, announcing a leave of absence for health reasons. we discussed what it means for the company. plus, cooking it up. tim cook takes the stage in cupertino. his deputies revealed the new iphone 11 models with new colors and three cameras.

. ♪ taylor: i am taylor riggs in san francisco. this is "bloomberg technology."newman is out. adam newman steps down with the ipl on the line. now what? and google scores a win. we will have more on the right to be forgotten. and more disruption.

taylor: i am taylor riggs in san francisco. this is "bloomberg technology." coming up, newman is out. adam newman steps down with the ipl on the line. now what? and google scores a win. we will have more on the right to be forgotten. and more disruption. the co-ceo calls for more progressive minded solutions to climate change using technology. first, to our top story. saying -- adam newman is stepping down. he will take on a new role. for more, i want to bring in bloomberg technology editor tom. what was the reaction to this? >> what this shows is that they are serious about salvaging the ipo. we saw it coming. this is something that they had been pushing for for a long time. they said the number two shareholder was also behind it. this sends a signal to investors that we are taking your concerns seriously. he has been very out there. there were concerns about his wife, rebecca. he will have less sway over the board going to three votes per share. is stepping down and will become a nonexecutive chairman. all this says to shareholders is that we hear you, we a

. ♪ taylor: i am taylor riggs in san francisco. this is "bloomberg technology."sure rises as some board members of wework consider ousting the ceo after the delayed ipo. plus, snap to attention. the giant seems to be helping the federal trade commission. plus, vimeo to become a publicly traded com

emily: i'm taylor riggs and san francisco. this is "bloomberg technology." titans of tech.ceo takes leave. he announces he will take a leave of absence for health reasons. revenue comes up short. we will have details. plus, the cisco bread. i made u.s.-china trade tensions with john chambers, former ceo of cisco. and linking up.

. ♪ ♪ taylor: i'm taylor riggs in san francisco. this is "bloomberg technology."e attacks. oilattack on saudi arabian plants put drone technology back in the spotlight. plus, ipo roadshow while apple faces its biggest tax case in

taylor: i'm taylor riggs in san francisco. this is "bloomberg technology."uspends its sales pitch to investors but will the delay help allay investor doubt? apple tells the european union court that it has been unfairly labeled a tax dodgers.

taylor riggs has more. >> you are absolutely right. we are taking a look at crude.t translates over the airlines, which is now some of their jet fuel. a big expense on the balance sheet. today that is a big concern. this is different than what we thought. this, we thought costs would be lower. at 197.ooking in july that was well below the second half of last year's average. we do know that story changes today. i want to take a look at all of the airlines. we are talking about american, delta, united. we know alaska and some discount airlines hedge it in. they have been outperforming today on this news. with oil prices rising, some concern how airlines can handle this going forward. >> american airlines facing bigger challenges and they are underperforming. how much of this is the broader problems? >> america has been under pressure. margins have been lower. luxuryn't offer the suite products. they are stuck in that middle no man's land and can't quite figure out where they fit in. let's show the audience a terminal chart i have here on the bloomberg. underperforming

taylor riggs has more. taylor: up until today roku has been on a straight path upwards.st says you cannot launch a new streaming platform without launching it on roku given roku's massive dominant position. this is the first day you are seeing a cool down in the stock. given the heightened competition in the space, facebook and comcast announcing some competition to take on roku as they announce new streaming devices. i want to look at where roku sits. they used to be very dependent on devices. 54% of their sales came from actual devices. that is now lowered to only 5%. much more about the platform than the actual device. do not get me wrong. roku is still a dominant player in this space. they have about 15% of market share. amazon fire is next, only 12%. that is one of the reasons guggenheim upgraded the price target to 170 from 119. saying roku's dominant position will allow them to expand internationally. you have to wonder how the news from comcast and facebook plays into that story. guy: you spoke to facebook yesterday about the launch. what is it saying about launc