we will find out what it means for tech.he chinese app maker prices its ipo at the low end of the range, but he could still beat hong kong's biggest tech listing and almost a decade. first, developing news. new numbers coming out of a new hack attack on yahoo!. yahoo! is saying this hack is separate from the hack they reported disclosed by yahoo! affecting more than one billion users. i do when to get to the meeting at trump tower today, president-elect donald trump just wrapping up a big summit with tech industry leaders, including vice president-elect mike pence and tech advisor peter thiel sitting by his side. >> i'm here to help you folks do well. honored. [inaudible] apples tim cook, facebook's sheryl sandberg, amazons jeff bezos were all in attendance. for the tech giants, this meeting was an attempt to persuade trump to avoid policies that might hurt their companies pertaining to immigration, internet security, regulation, and government investment. ahead of the meeting, the oracle netstressed, we are exporters. over

. >>> and tech meets trump. the president-elect's most outspoken critics making their way to his turf for a meeting today. >>> and china issuing a stern warning to president-elect trump's recent criticisms. a live report from beijing on the way. it's wednesday december 14, 2016. "worldwide exchange" begins right now. ♪ >>> good morning. welcome to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. >> let's check the global markets after another solid day on wall street took the dow up not quite to 20,000. >> so close. >> above 19,900 for the first time. futures not doing a whole lot. the nasdaq yesterday stood out. technology finally caught up after weeks of underperformance with the nasdaq surging a percent. dow futures down 8. s&p futures up 1. nasdaq futures up 3. a lot going on today, including the fed decision. news conference from janet yellen, dot plot from the fed, economic forecasts as well. the ten-year treasury note yield is sitting at 2.44. we're sort of

e watchdogs center message to big tech. or we will do it for you. plus, the best of the best in science that celebrity treatment in silicon valley at the fifth annual breakthrough awards. we will hear from the russian billionaire who helped start it, yuri milner. so much for burning the midnight

is there still a tech beat or are all reporters tech reporters now? >> i think because so much conversation happens on social media, and we're considering social media tech, we've talked about that in our newsroom a little bit about what is new technology and are these companies, these social communication platforms tech, and yes, we've decided that they are, and right now, in the evenings, the day of politics will happen, and then the night of twitter and facebook and like reddit commentary descends on earth, and then what the night stories end up being is what people are talking about in addition to the -- what happens is, you know, the news happens and then people talk about it and we do on the street interviews but also the big conversations, strangers are arguing with each other fiercely on social media and that is what's happening. almost like we need to cover conversation socially as a metro beat, like what's everyone saying in new york city? what's everyone saying in the twitterverse? in that way there's always a tech infused social feedback p

that does it all for "bloomberg tech." bloomberg tech tv weekdays. that is all for now.berg. ♪ >> from our studios in new york ity, this is "charlie rose." charlie: cybersecurity has become one of the greatest challenges facing this country. last february, president obama created a commission to address the growing threat. earlier this month the commission on enhancing national cybersecurity announced its findsings and comprehensive report, it called for urgent action to enhance american cybercapabilities. meanwhile last week, president obama ordered a full review of russia's election-related hacking. president-elect trump continues to dispute the kremlin's involvement. joining me now are the commissioner's chairs.

is there still a tech beat, or all reported tech reporters now? >> i think because so much conversation happened on social media and where considering social media tech, we talked about that in our newsroom about what is new technology and are these companies, social communication platforms tech? we decided they are. right now in the evenings the date of politics will happen and then the night of twitter and facebook and like write a commentary to send on, and then what the night stories into being is what people are talking about. in addition -- what happens is the news happens and then people talk about it and we do on the street interviews. but also that they conversatio conversations, strangers are argue with each other like fiercely on social media. that is what's happening. it's almost like we need to cover conversation socially as a metro beat. what is edwin saint in new york city, in the twitter verse? so in that way there's always a tech infused social feedback piece spirit i think a social media metro desk would be fascinating. quinton?

ceo's in the tech world. wants to "keep innovation going" and mentioned dropping trade restrictions. vinod khosla, founder of khosla ventures joined us to discuss the possible changes the trump administration might bring. he was also the inventor of sun microsystems, and he has made big bets on major shifts in consumer enterprise technology. take a listen. vinod: it is important to build bridges with the new administration. i think that is important. it is too early to tell what the policies will be. they will be significant areas where we agree, and areas where there will be some disagreement. emily: amazon ceo jeff bezos told us the meeting was very productive. you and i spoke before the election. i know you were not a donald trump supporter. what are your biggest concerns with the trump administration? vinod: the area that needs the most conversation is around climate change and clean technologies. i suspect we will have relatively good agreement on things like skilled immigration, taxes needs to be addres

now to a tech focus on washington. president-elect said down with top executives. -- sat down with top executives. we set down with bill's relationship with with washington going forward. bill: i learned that 62 people in the world control as much wealth as the poorest 4 billion. that is stunning. they could probably fit in this room and i would probably know half of them, that is down from 400 people six years ago. so i think there are some real problems to talk about that are different than whether silicon valley will get along with the president. emily: now i know that you are close friends with peter thiel, who was sort of the loan silicon valley supporter. how do you feel about his contrarian views having potentially great influence on the president? bill: peter is a friend and someone i respect a lot. he called it. he said the election was going to go this way. and i think he said for a couple of years that people were unhappy and pessimistic, and i think we have a new president who was elected fair and square, a

tech scene well. and carolyn.early there is a need for more seamless international banking system, and it is interesting that europe seems to me had -- be ahead on financial technology. carolyn: it does seem to be a perfect storm. you have the banking system and then you have tech city. you have startups able to work 39ngside or get into level or a really strong incubator and there are some great companies coming out of london. you are able to go any atm and take out your own money without paying any costs. you've also got some other interesting companies maneuvering things. things that i need right here and right now. i moved copies twice this year. has been slow. you need a passport to get a bank account. here, can i get money out of my account without a fee? no. emily: as an american it was very easy to set up a bank account, and obviously the regulatory issues are less deep in the u.k.. i assume that is because people travel a lot across borders. how would you describe it? the government has done a lot to enco

do you consider the russian tech scene competitive? do you consider the russian tech scene competitive? ashlee: why are russian engineers so good? ashlee: ok, so everybody knows when you are in the office. he has tried to copy silicon valley culture here in moscow. two instant messaging networks, a search engine, a price comparison website, and a time of online games. they also control the three largest russian social networking sites. the biggest one is vk, a facebook knockoff. the company took over in 2014 after its founder refused to reveal information about ukrainian activists to the kremlin. he left the company and now lives in self-imposed exile. to be treated as one of the world's biggest investors in robotics. he put $100 million into american firms that produce some submit -- familiar faces. what has been the biggest hits of all your robotic companies? >> i like all my investments. definitely, i like bb-8 a lot. ashlee: he ships all kind of nerd gear to moscow. out and sees if he wants to invest. with the play of the game? >>

but that will have on the tech sector.loomberg. ♪ emily: facebook's oculus came out with its long-awaited hand controllers this week, called touch. this is meant to let gamers use their hands while wearing the headsets, creating an even more immersive virtual experience. the ceo of set down with charlie rose this week and spoke about how the potential for vr goes far beyond video games. >> imagine if medical students in their o d they are studying could put on a pair of glasses and could do simulated surgery again and again. on that long, they could run through dozens of procedures and continue to get better, all in just a dorm room. this will allow us to advance some us after the than may have just off of textbooks or a screen. emily: you can catch the full interview on charlie -- on charlie rose later on bloomberg television. in today's edition of out of this world, a fireball destroyed a rocket on the launchpad on december 1. it may have watched again in december, but space x says it is complaining -- completing the ste

we will find out what it means for tech.he chinese app maker prices its ipo at the low end of the range, but he could still beat hong kong's biggest tech listing and almost a decade. first, developing news. new numbers coming out of a new hack attack on yahoo!. yahoo! is saying this hack is separate from the hack they reported in september, that this one in particular affected more than one billion accounts, some of the information that was stolen, usernames, email addresses, telephone numbers, birth dates, passwords. yahoo! is working on finding the source of this intrusion. they believe that it is related to the state-sponsored hacker that was potentially involved in the earlier attack they reported in september. they are taking steps to secure these accounts and notifying affected users, recommending that people change their password. this is quickly developing and we will keep on following this story i talk about a more later in the show. another massive hack attack being disclosed by yahoo! affecting more than one billi

in the latest tech funding board, apple has held talks about investing in softbank's $100 billion techund according to someone with knowledge of the situation. apple may contribute as much as $1 billion to the fund. companyld give the insight into up and coming technology. apple also invested $1 billion in didi earlier this year, marking a major shift in strategy for the iphone maker. the softbank ceo told president-elect trump that half of the fund would be invested in the united states. still ahead, our exclusive interview with bill maris, why he pulled the plug on a new health care fund. a reminder that all episodes of "bloomberg technology" are live streaming on twitter. check us out. this is bloomberg. ♪ emily: a story we are watching, disney trying to recruit major hollywood studios according to people familiar with the plan. disney is looking to add content out side of its own disney anywhere service. it will allow users to watch and store services on a site. they are in an ongoing tug-of-war with five other major studios that support our format called ultraviolet. disney might

is there still a tech beat or are all reporters tech reporters now?> i think because so much conversation happens on social media, and we're considering social media tech, we've talked about that in our newsroom a little bit about what is new technology and are these companies, these social communication platforms tech, and yes, we've decided that they are, and right now, in the evenings, the day of politics will happen, and then the night of twitter and facebook and like reddit commentary descends on earth, and then what the night stories end up being is what people are talking about in addition to the -- what happens is, you know, the news happens and then people talk about it and we do on the street interviews but also the big conversations, strangers are arguing with each other fiercely on social media and that is what's happening. almost like we need to cover conversation socially as a metro beat, like what's everyone saying in new york city? what's everyone saying in the twitterverse? in that way there's always a tech infused social feedback pie

where are the hot sectors in the tech industry? tech. bout syn you play in europe. chris: sure.here are several sectors. there is the deep technology which i think will be a big focus in 2017 as i said earlier. automation. not only automated cars but -- cory: roberts. -- robots. chris: yeah. these -- the uber of everything, yes. i think there will be a lot less of that. caroline: thank goodness. we used it a lot in 2016. cory: i have the uber of whatever should turn around and walk out of the office because it's been played out in the markets too. chris: and see cyber security. cyber security has been commission critical for a while but as we've seen state sponsored hacks during our election, people are realizing this is a bigger problem than they thought. caroline: some money has gone into supporting the smaller rounds, the seed funding. you say it's getting pretty hot out there. what is the funding scenario like that if i am an entrepreneur looking for money both here in the bay but also outside? does it feel easy? is it too easy to get cash? chris: well, it's a great time to

so what do tech investors and sill con valley hope to hear from trump's tech summit today?ning us now is the ceo of the consumer technology association gary schapiro and tech investor shawn carolyn who led menlo invest mentes in uber and siri and others. on the scale of photo op to productive meeting, where do you think this will land? >> oh, it's a productive meeting. these are two groups that need each other. the president-elect and his team they want to seat tech industry success. it is driving u.s. economy to 20% of stock market valuation n that room we see a trillion dollars of market valuation aloevenlt they're employing millions of americans. over a million good paying jobs are employed by the people in that room. so there's a lot in common. there's a lot they can do. we're talking about trade, highly paid jobs, investment in infrastructure, taxes. there's a big agenda of commonality where they're working together. because we really need each other. trump wants to see this economy succeed. he's not going to let the tech industry go. we need help against the chinese a

certainly a great year for tech.e interesting moments from the summer was when the five most valuable companies in the world by market cap where the five big tech companies. that lasted about seven weeks. a little window into the future where tech dominates everything. you mentioned the breakthroughs, uber driverless cars. if there was a theme, it was artificial intelligence moving into people's homes. i don't think we've yet grappled with the impact. it will be tremendously disruptive. it will amplify our lives. it could take some jobs as well. the year ends with the election of donald trump, which takes silicon valley by surprise. it was very vocally in the corner of hillary clinton. caroline: what i think is also fascinating here is, kicking off at davos, what is the responsibility of these tech giants? >> i'm interested to hear what bob thinks. there was a philosophy in silicon valley of neutrality. we are platforms. all traffic is equal. if things are engaging, great. that doesn't fly anymore. we've seen it with

the chief executive of tech economy is stayed with me.ry we are watching, once again king, the major french phone company going into talks to purchase the now -- canal plus. and what is the industry trend with traditional pay companies? no structure and they could agree to a partnership, with orange interested in poland and itself asso expanding competition waves and france. coming up one u.k. startup is putting their work -- robots into a digital world. they are taking them into virtual reality. what more could we ask for from a tech show? we will take a look at robotics, next. this is bloomberg. ♪ ♪ caroline: turning to robotics. i'm sure many of you think about robotic toys during the season. now a hybrid of robots and mekamon is getting ready to hit the market. we take a look at the new toy. >> when we were young we looked at transformers. and when you're there to implement it, it is a good feeling. startup isased creating a new platform called mekamon. it combines robots with augmented reality. >> growing up in nigeria, i was inspire

and pick, i'm picking tech. and specifically, salesforce.com on the back of this selloff. >> what do you pick? >> i think you go with tech. it's just the trading thing, right? you've already seen just a massive run in financials. so if i've got new money to put to work, why would i buy something at or near the highs when i can buy something that sold off for probably not that much of a fundamental reason. maybe just because they were used as a cash register. so for me, it's tech. >> yeah. i'm agreeing with him 100%. technology. look, i do believe the mid cap financials, let's say the mid cap banks in particular, will bode well into the end of the year. i think given the dislocation we have seen in tech, crm is a perfect example of the stock -- >> what does mid cap bank mean? mostly people think about large banks, regional banks. >> i should say -- let's be clear. regional banks in particular, i think bode well under this administration. >> right. >> i think those are the names you probably want to look at. >> so

caroline: david, are the tech giants starting to vocalize this?aring about what the utopia could be, everybody working a little less hard? what kind of future can they paint so that people are not as people -- fearful, not only here but across europe? david: i think it is possible to say things that are promising, but the problem is a lot of the jobs that could be created in this world that rebecca is talking about, which i agree with, will not necessarily be able to be performed by those whose jobs are lost in the factories, but he different kind of person and may those people do not want to be trained for that. even if they did, we do not have those training systems in our country very well developed. i worry about that. but i think there are some problems. we just published an article about the trusted advisor, the new kind of job one of our writers has suggested will come into existence as more information is assembled around the planet. remo advisors could be tapping into data and telling us how to better live our lives. it could be a new cat

i found the meeting with tech leaders kind of ironic since tech companies primary function is displacing a lot of jobs, whether you're taxi drivers or whether it's the new amazon go stores which aren't going to have people at checkouts. where does it go from the lowe's bot, which may be -- you know, we all buy the argument that's not displacing a job and it's nonthreatening, to something we should be concerned about when you see the people in red america who genuinely are displaced and cannot pay their bills and are freaked out. >> we thought back in the day that it was smart to do that, or a micro wave, people thought the micro wave was not going to replace a kitchen. it's a tool. we're seeing these the same way. robotics come here, it takes a lot of time for the people to be on the floor when actually they can be helping customers in a better way. with more data we can make better decisions where we station them and what products the customers might be looking into. >> what does the robot do that you wished it did but it doesn't? >> that would be great, that didn't work. >> yeah, i thi

in the tech space, would you looking at?in early-stage companies, so technology differentiation, the founders having lots of experience in the ing a good leader, and execution, so those of the stages we are looking for. hong kong can make a great place for an ipo because the u.s. stock market is not focused on china anymore, so it's a great opportunity for the hong kong stock exchange to attract high-tech mainland companies to list here. there are stronger profitability requirements. investment banks aren't following chinese companies anymore. this is a great opportunity for meitu, and i hope their successful cause more companies to come here. rishaad: thank you for being with us. sophie: thank you so much. ,p next, betting on super mario nintendo introduces its first game for smartphones after two years of waiting. details are next. this is bloomberg.: asia ♪ sophie: it is a big day for nintendo as super mario finally makes the leap to mobile. will the weight be worth it for investors? be worth it for investors? >> we will

a great year for tech.teresting moments from the summer was when the five most valuable companies in the world by market cap were the five big companies. and lasted seven weeks. and then you mentioned a couple of the tremendous break-throughs and if there was a theme, it was artificial intelligence moving out of the lab into people's homes. the amazon echo and i don't think we can grapple with it. it will be disruptive. it will amplify our lives and the year ends with the election of donald trump which takes silicon valley by surprise because it was in the corner of hillary clinton. >> what i think is fascinating here is going to be the setting of 2017, what is the responsibility of these tech gipets now? >> i'm interested to hear what bob thinks. this kind of philosophy of neutrality. we are platforms. we let all traffic is equal. and things are engaging. and that doesn't fly anymore. and we see it with facebook and google and tech companies have to take a stand. will they build a muslim registry. they can

any place trying to establish its tech cred needs a spot like this.ple come here to fiddle with their robots, hash out their techno-utopian fantasies over beer, and if they are totally nuts, insert a chip underneath the skin on their wrists that lets them open the epicenter door. furhat: hello there, my name is furhat. ashlee: about those robots -- ♪ preben: my reptile brain is telling me that this thing is alive. and then my intellect tells me, no, no, it is just a piece of plastic and of software. we have stumbled upon something really, super interesting, i think. ashlee vance: this is furhat, a promising stab at trying to make mechanical creatures and computer interfaces appear and act more like humans. ashlee: hi, my name is ashlee. furhat: hello, ashlee, nice to meet you. i am a socially intelligent robot. ashlee: nice to meet you as well. furhat: nice shirt. [laughter] ashlee: thank you. preben: you want to build a system that can interact with humans and understand social signals, their emotions, their attention. ashlee: there is a phenomenon k

titans of tech were at turn tower today. what else can you tell us? >> reporter: well, what's interesting, don, is this aren't natural allies. if you look over the course of the last 15 months on a number of different policy issues, the tech community and tech campaign split rather sharply and frankly on the support, itself. they also did. if you look at some of the individuals who are in the room, tim cook, sheryl sandberg, eric schmidt, not just opposed to donald trump, supported and in many cases raised money for hillary clinton. today they're willing to try to put that aside. you talk to sources on both sides, don, they said, look, there's a recognition that both sides need one another, it's a relationship they have to have over the course of the next four years. this was the first stop of this process. there are going to be disagreements and there certainly are on issues like immigration. some issues on taxes. but this was the start of a dialogue that will happen, quarterly from here on out, don. >> phil, there is a lot of discussion about the ro

big tech leaders came face-to-face with the president elect this week.lus, gala who out with new yahoo! out with a new numbers. what does it mean for the veri zon deal? lead,to our president-elect of donald trump met with tech industry leaders pence and peter thiel sitting by his side. >> i am here to help you folks doing well. and you are doing well right now , we are still talking about the bounce. right now everybody likes me, at least a little bit. tim cook, sheryl sandberg, jeff bezos were in attendance. immigration, internet security, regulation on government investment. said, "we are net exporters. over 60% of our sales are overseas o." we caught up outside trump tower. >> the lobby was flooded with reporters. we did get a glimpse at the beginning of the meeting, and trump tried to strike a conciliatory tone, raising peter thiel as an innovator. he said i want you to keep on innovating. i am here to help. he said call me any time. call my people any time. we really don't have a formal change chain of command here. emily: interesting to see them st

tech has become so global that if your policies aren't pro-tech, and what that means is a bit of a question but areas like diversity and hiring, immigration and intellectual property protection, those are issues that are important to tech. if you are not setting a government policy that supports the tech community, entrepreneurs have a 10 of options these days. , you aree in london probably starting to think about places like berlin and dublin and amsterdam more and more. companieshow have acted on that? in berlin, i was there post-brexit and we saw many residents and policymakers going to london, advertising on buses and cars, saying, build your startup in germany. how many companies acted on that? was a littleit premature from the berlin government. there are a few large tech companies in the u.k., like transfer wise, who have paused their growth. they are waiting to see what happens when brexit is triggered. the key thing for tech companies in the u.k. is the financial passport. this allows u.k. tech companies to operate throughout the eu and sell goods and services. there is a lot of fo

a number of tech folks are coming to trump tower today. this is a trump's tech submit you can say. we are told that elon musk and tim cook. donald trump was critical of tim cook and jeff base sill of the campaign. tim cook, he said that they need to maktheir iphones here in america. he said he was going to boycott apple. we kept on seeing those products at his campaignli rallies. he promised the american public that he would find a way to get them to move their factories to the u.s. jeff went after because he owns a washington post. he said that he was out to get him. i am not entirely sure how this meeting is going to go whether it is going to be contention. we are going to have to wait and see many of these guys and gals where supporters of hillary clinton, initially. >> most of them were. >> exactly. >> so there is some push back among the tech world about them going to see donald trump. there is an acknowledgment that donald trump is president, they'll have to work with them. they have to figure out how the relationship is going forward from where it was during the campaign and

you know, the tech industry is all about globalization. that's new markets for them. trump is not for globalization. when it comes to free trade, they're all for free trade. they're sending their goods out. they're trying to spread their innovations worldwide. donald trump wants to bring everything back to the usa. so they're at odds. i think when it comes to the terrorist business we were just talking about, again, they're at odds because it's not just terrorism, it's also things like creating data registries that have to do with making it possible for mass deportation. also making it possible for religious concerns about muslims or any of these other issues that i think that the tech industry is going to be uncomfortable with. >> no one is asking them to do that. >> well, that's the fear on the part of the tech people is that when they go at something like cooperating with the government, that they then get into position where they can not only scan your e-mails to see if you're talking to somebody, but they also say, hey, you know, that greg gutfeld, we have suspic

emily: going into 2017, what is your view on consumer tech?vest across the spectrum of consumer and enterprise. we are bullish across the board. i think with the consumer in general, we like to see companies that are a bit more durable on the enterprise side, companies that continue to do well year-over-year while on the consumer side there's more volatility. with that in mind, we are still with consumer tech and enterprise. changne: that was emily speaking with a partner at accolade. that does it for this edition of "bloomberg technology." be sure to turn in tomorrow and i will bring you the highlights of my interview with john chen, a director of an international fact checking network. he will join us to explain how they are fighting against fake news on social media. caroline: a drug kills 12 at a berlin christmas market in one of the german government says was probably a deliberate attack. asian stocks slip to a two-week low. manus: sacked after the russian ambassador to turkey is shot dead in ankara by a gunman in voking syrian civil war.

he's indicated a huge part in the tech industry and bragged about how the tech not they used during the campaign helped win the white house. >> there's net neutrality, there's immigration, there are a lot of big trump issues that are tied into this group of people. >> yeah, and trump has said he opposed net neutrality, which is different than the tech companies. so the immigration -- for the technology companies, they want to bring in high-skilled immigrants to work on our company. so that is a big issue for them. >> is it your sense that donald trump needs a backup for secretary of state, or will he win this vote outside and inside his party as it goes to defending rex tillerson? >> i think the verdict is too hard to tell. we're hearing he had a hard time deciding, which is why the announcement came so late. so right now there may not be a backup plan, but he'll really have to work capitol hill to get this guy confirmed. republicans are doubtful. >> that's one that is kind of iffy at this moment, not to donald trump, but to a lot of observers. another you mentioned is rick perry in ene

it is not just the tech summit. they are helping vet candidates for secretary of state and other secretaries. this is raising concerns frommifrom ethics lawyers and inside the trump operation. they are weary of what this could mean going forward and recognize there needs to be a separation. the details of the separation delayed until the new year. every time you see something like this, you recognize this is an issue that the trump team is not running away from. the president-elect seems to be welcoming it. whether it is meetings in last couple weeks with foreign leaders or tech summit on wednesday night. one thing is clear. they don't think this is as big an issue as everybody else. that could only spell problems in the future. john and alison. >>> thank you, phil. the republican party spokesman says worries over conflict of interest in trump are not a problem. communications director sean spicer say it only arises when quote you are sneaky or shady. trump has been clear from the start about his children's roles in

tech ceos meeting with trump. we have no idea what they are going to ask for and what he's going to say. >> john, my assumption is the only things as an investor we can count on are the things you would expect a republican congress to do when they have a republican president, which is to say they are going to cut taxes, they are going to attempt to change entitlements pretty dramatical dramatically, and those things, i think, are going to -- the cutting of taxes in particular, is going to be very bullish for financial assets. i do not expect the administration to be particularly successful in persuading companies to invest capital in the country. we've had a long period of time where companies have been reluctant to spend a lot on capital spending where the country itself has been reluctant to do infrastructure, so i'm not expecting that to happen. the result is, all the money goes into the stock market or financial markets, so i expect stocks to be a relative beneficiary of this change until the economy runs out

tech sector is up as a lot of the big tech leaders will be at trump tower meeting with president-electer by about 10. the nasdaq is up by 4. the s&p is down by 1 in the early going. michelle and kenny, back to you. >> all right, jason brooks from kcbs radio jays. thank you. >>> starting today, uber says it will have a few self-driving cars picking up passengers here in san francisco. >> the launch of the program is similar to what the ride hailing service did in september in pittsburgh, pennsylvania. the local fleet is made up of volvo suvs. >> the self-driving cars will come, i believe, with a safety driver and in pittsburg h, you're not alone in the car. i presume they will do the same sort of thing here in san francisco. >> the california dmv told kpix 5 uber does not yet have a testing permit issued by the state. >>> you will get notified in your apps. if you are a little uneasy, you can decline and go traditional. >> i would be willing to try it. >> would you? >> yeah. absolutely. those cars are cool. >> i want them to work out the kinks first. >> yes. i'm like, eh, we can barely

right now tech is the better play. >> fresh money today. >> no question it's in tech. we've talked about this since the election. what you were seeing in tech wasn't a story about what's going on in the economy. what you're seeing in the selloff in tech was people reallocating financials. now it's starting to catch up. if you get repatriation, if you get m&a or cycles like tim is talking about, all those things are good for tech at this point. i look at ones that haven't necessarily participated, that aren't at new highs like ibm, that one looks like it's about to break out. >> what's important to keep in mind, if you look at stocks like the facebooks of the world, even the amazons of the world that were used as a source of funds, if you will, investors have not been burned in these stocks, like they have in other sectors. biotech, for example. so the money gravitating back into these names is an easy play. you will see money gravitate back in at the right time. they were used as a source of funds during a period when financials are under way and there needs to be expo

it could be yahoo, it could be the brand you look at in the tech space, tech crunch or it could be theest brand to advertise a platform in the world. which might be aol 1 or one of the yahoo platforms. so i think we, we're not planning on competing with facebook and google. we're probably the only company in the internet space that partners with everyone. we partner with apple, amazon, google, facebook, samsung, you know we're partners with everybody. because we can win with partnerships and our strategy is differentiated enough to do that. i'm not worried about facebook and google. i'm worried about what we're doing together. that's kind of what we're focused on. >> that's a great note to end on. thanks again. > thanks ch . >>> we continue our look at american history tv programs, normally seen weekends here on c-span 3. it begins with a discussion on the origins of the cold war, then u.s. democracy and international relations. and then the legacy of world war ii. american history tv. primetime tonight, at 8:00 p.m. eastern. >>> sunday in-depth will feature a live discussion on the pr

fromt come to the valley berlin, looking at the european tech scene. sense of how the u.s. is looking at europe and what we -- and what 2017 holds? >> the watchword is still unpredictability. we don't know what's going to happen. we saw from the brexit result through now, this kind of will it, won't it happen. one thing that is very true is great companies are still being built. and great companies are being sold. and great companies are being sold. an industrial park somewhere outside of edinburgh. vcs will be looking at europe for great companies, great company's were they can get in at a great price and make a great return in the future. vcs, question for european are they selling too soon? we want to see these unicorns in the u k and elsewhere in europe not just get to the billion dollar point but multibillion dollar point and stay independent for a wild so they soand dependent for a while they can prove to themselves they are strong. >> once a company reaches some scale in europe, the question is do they have to be in the bay area or in new york t

as tech iposr relative to the market in general, tech ipos are outperforming the market.though we have not had as many of them, their performance has been great this year, which lays a strong foundation for 2017. emily: what about tech stocks overall? ofkie: i think each one these companies is so unique and it will be valued individually. household names, again. i think it will be a positive response when these company's come out. emily: do you think going public is a smart decision? we seeing two thirds of companies trading above their sales price, to what extent varies. do you think going public is indeed the right decision? jackie: every company is making its independent decision to ipo now or later, or for some, whether they say private. the good news is that many of these companies have had access to a lot of private capital over the last several years so they have been able to grow and mature and take risks. i think many of them are ready to be visible. being public need you can compete for talent at different levels and provide incentives to your employees. they do

tech, for example. the big portion of the index, energy, is also obviously very sensitive to dollar risk, as well. so, you know, there are definitely going to be some rough spots for the asset class. i do think that single b credit is going to be okay. >> the forecast is an acknowledgment that the trump rally is intact. which is the question i was pushing on these guys. >> yeah, i think the trump rally is generally on track intact and will continue into next year. i do find it a little bit funny. it's -- the markets, right, they wanted to price in the trump effect of infrastructure, lower taxes and the benefit that would have on the economy. but clearly the market -- at least what we're seeing today, didn't want the fed to price in that, right, in terms of changing their forecast. to three hikes next year. eventually, the two will come together, and they will have a meeting point and markets will probably continue higher from that point. >> so i read your pieces and you talk about a lot of nuanced thing

charles: the tech summit. we have seen leonardo difficult cap rio, mayor de -- len hard ie picked any one of the fortune 500 countries. >> i understand the theory of embracing your goes. but mountains nurks rya is trouble. her daughter was a volunteer for the hillary campaign and through wikileaks we found it was discussed she was devoted to mrs. clinton. so when you are suddenly afound it an important individualsry position where ideas are discussed, strategy is discussed. i think if you are devoted to the opponent who made it clear to change the electric storm college and got involved with the recount, his opponent is still operating in an attempt to undermine his presidency. i think aspoijt one devoted to that position is not best thing in the world. yet we want a collection of ideas. why she would be chosen i think is troubling, and i don't think we would necessarily miss a great deal. obviously her judgment is bad because she supported hillary clinton. when you are looking at the judgment about the busine

not on the tech titans side, but the family.oom, you saw ivanka and jared kushner and don jr. and eric. they are close to their father and advisers to their father. here is what has changed. the president-elect himself announced on twitter he would hand the reins to the trump organization to don and eric. it is not just the temperature summ tech summit, they are vetting candidates for the secretary of interior. this is raising concerns from lawyers on both sides of the e aisle. they recognize that there needs to be some separation. we know that separation is worked on. the details delayed until the new year of what that may be. every time you see something like this, you recognize this is an issue that the trump team is not running away from. the president-elect seems to be welcoming it. whether it is meeting over the last couple weeks with foreign leaders or with cabinet officials or tech summit on wednesday night. one thing is clear. they don't believe it is as big an issue as everybody else. that could only spell problems in

totally lefties out of the tech ecosystem. what i like to be in other like detroit, richmond, nashville? of course. we can look to do that. jonathan: i was watching an interview that you did a couple of months and weeks ago, you talk about the ways in which oakland is changing. had harsh words for what is going on in oakland. i am wondering if there are ways to economic -- urban environment and not do it right and that is what you saw in your next aryans when you went back or if there is something else going on. >> let's talk about san francisco, it is a good example. , wherea were twitter is square and over is, you see there is an increase of economic activity but it is really at the high-end has left people at the low end out. the area has not changed as much as it could. not to blame san francisco but that was not done as well as it could. if you want to blame san francisco, by all means go ahead. you have great companies that are now restaurants. it serves the demographic not living in those areas for decades. in tech, we

we saw the best day for tech stocks going back weeks. nearly every single tech stock was hired.y six fell on the stoxx 600. it is interesting what we will be seeing in terms of d.c. action, because does this really change the overall tune of what has been happening? most in the market thought and mario draghi would ride to the rescue. most thought the stimulus would remain. therefore, the picture has not really changed. if you dig into what is going on in the market, many feel, despite the risks out there -- you've got brexit, the italian referendum, elections coming in germany, netherlands, france -- you've still got this appetite to see europe flourish. money keeps on coming in. emily: so how can we view this in the context of the uncertainty around a trump election and his policies, the uncertainty following exit, the potential for tax cuts, deregulation? >> at the moment, we view it that the central bank has got your back. they are factoring in these risks. the money is still going to be cheap, but the punch bowl is still there, and therefore you are still looking to divest,

we bring you our top interviews from this week in tech. coming up apple and ireland wage , war on the european union. over 13 billion euro tax bill. plus, blackberry doubles down on software, and the move is paying off. we dig into the struggling comedy's latest report with the ceo. online lender sofi taking it slow after a rough year and pushing back plans for an ipo. this ceo joins us ahead. first, to our lead, europe is -- -- apple is challenging apple with its $13 billion tax bill. the fight between apple, ireland, and the commission has been building. margrethe vestager, the european competition commissioner explains why this fight will be a long one. >> we will continue to disagree on this decision. also because we have different legal traditions. i have learned that in the u.s. that it is the order of the day , for a business negotiate tax rates with the state where it is situated. and we have had the prohibition to do that since 1958, so you have a clash of understanding. caroline: we discussed the latest developments with the davi

let's talk tech gadgets.l which home gadget should i get to solve all my you -- all of my bills -- my ills when i am at home? >> there are two options, google home which came out a few weeks ago and then the amazon echo and the cap. it comes down to which ecosystem you are in. if you are on an iphone, you can tap into both. you can use the echo or the google home with an iphone. would probably want to get the home device or google because that can take advantage of some of the android functionality and the whole google ecosystem. >> if i was a bit of a gamer, i was at the christmas party playing away with the vr, should i be getting into virtual reality, what is out there that i can purchase this holiday? guest: vr is super early. the oculus rift, you have to hook up to a pc. if you are just a consumer like you and i, i would not have one. over time, those things are going to shrink. you are going to be able to wear them, buy them on the shelf. for consumers, a smaller kit than the oculus rift. google has the

and i call it a historic tech meeting.he tech guys want more work visas so it's easy for them to hire skilled foreigners. trump wants products over here and big tech companies built in america. look who is here. jason miller is a communications director for the trump transition team. jason, welcome. >> good morning. stuart: have i got it right? the tech guys want visas, mr. trump wants to bring the money back and build your stuff here? >> i think you have it right and bigger things going on where mr. trump wants to make sure we're getting back to winning and creating jobs here, that this is the place where the intellectual capital is booming and growing, so the president-elect is bringing together all of these, this big league group. stuart: i know, the powerful valuable companies in the world. is he going to muscle them, say, hey. >> come on, come on. stuart: give us the money back and build here? is he going to strong-arm them? >> everything is a negotiation point, but here is the thing we want to make sure we're doing i

there is very important to the tech industry. wait to be seen exactly how those discussions will come out. >> an intriguing sideline stoerm. at least two of the ceoa are going to be? any idea what that's about? >> i don't. trump criticized them for manufacturing products overseas, especially in china. i don't know about elon musk, a particular angle there, but hopefully they will spill the beans after they come out. >> yeah. in fact, some speculated about an announcement of some sort. that's what you love about this, the totally unpredictable nature of what it means and what could happen. john, thank you. >> reporter: >> reporter:. 1:56 is maybe what i saw there. >> the dow is down about. interesting enough, the nasdaq's is gog turn. let's get a look at the market. >> we've seen stocks fall off of those lows but some sectors will take it harder than others. the homebuilders are lower after the fed announced it's going to raise interest rates. the homebuilders etf, ticker shb, also down 1% this week, going for a second straight we

they would rather be spending their money on tech.etailers were forced to offer bigger discounts than ever this year. presenceess for your -- pareresents. maybe we will see in incremental in effect, but not really a boost to retailers. voters0% of millennial voted against donald trump. 63% of them voted against him and he winds, they are not feeling good about anything right now. have had an may effect on consumer confidence for millennials. caroline: thank you for joining us. cory, sticking with us. another high-profile hacking over the christmas holiday. sony music apologized to britney spears after it's twitter account was hacked and falsely reported the pop stars death. major cyberfter a attack two years ago rippled -- crippled the company's film division. one of the biggest stories this year was the yahoo! hack. to derail theugh acquisition of the company? there seems to be, despite thousands of hacks, we are getting a bit numb to it. the most important hack for corporate america was the sony hack couple of years ago. we were tal