we've trained three techs, two of which were registry techs. each new tech requires about 40 hours of training just to do the save mammogram. all three techs are no longer working at san francisco general hospital. one left for a higher paying permanent job at stanford and another left to take a job with better pay after she got tired of waiting for us to offer her a permanent position and the third left ultrasound school in hopes of a career with better pay. he was informed a season technologist makes 12 and a half dollars more than a heck at zfgh. currently, we've been operating on the bar minute yum staffing. if someone is sick or on vacation we're short and both my supervisor and i will fill in to cover our gaps. we often times have to compete with c.t.s who are also very short for the one tech we can use but it's usually available for a few hours here and there. we have one tech that is due to retire this year and we need additional tech positions with better compensation. thank you. >> thank you. i'd also like to call up daniel becker. em

connect with tech week. an overview of connect with tech week, may 7-12, which is a city-wide initiative comprised of events to promote online access and technology skill building. the presentation will focus specifically on sessions that might be of interest to people with disabilities. presence by kate eppler, program manager, san francisco public library's the bridge at main. public comment is welcome. break, the council will take a 15 minute break. item 7, information item. sf digital equity and the disability community. this presentation will introduce the council to the san francisco digital equity initiative and playbook. there will then be a discussion with the council on ways to engage the disability community on further user research and what's needed to better serve the tech needs of persons with disabilities. presentation by alex banh. digital inclusion officer, committee on information technology, city and county of san francisco. public comment is welcome. item 8, information item. better marke

tech markets.witch to chart because the first quarter was a punishing one for global equities over all your it was the worst third quarter for global equities in almost two years. youquestion is where could have hidden if you are going to hide in the first quarter. the answer is emerging markets. we did see some gains and emerging-market equities whereas we saw losses in the s&p 500, and the topix, the stoxx 600. that was summer to hide as was gold. gold having a three straight quarter of gains. we are to see gold top 1400. if it did that, it would be the first time since 2013. this isas one space showing money pouring out of ttx tracking both high yields and investment credit. tradingbiggest investment trade credit, this was the worst outflow are in a quarter ever. you really want to walk away. you have thousands of french will workers to go on strike this week for two out of every five days. the strike is a response to the government proposal to expand competition. perhaps to really have an impac

in that sense if there's nine techs to do 12 patients per tech that would be 108. well, we roughly do around 50 or so patients a day. so at any given time -- so, again, bringing it back to a staffing model, just to show from the industry standard how much patients we should be able to do a day and not quite frankly not meeting that so that's another standpoint. it's not because the stenographers are not willing to do it, it's mainly because we have a staggering no show rate. so if thors the schs are scheduling 100 patients so so speak for them to show up, we have a 40% or more no show rate. that's patients not showing up. so, again, it's not that they're not willing to do the work, it's a matter of like i mentioned there's several reasons as to what will be factored into that problem. >> sheehy: is your software issue, the original eehr and now you're moving into a new eehr? >> epic is coming. now epic is coming on august 3rd, 2019. that's not here yet. the software that i'm talking about is the e-consult software from rubicon that was implemented in the january/fe

high-tech. is planning to use it them computers as early as 2020, moving away from its reliance on intel processors. let's bring in been kaine, joining us more about this. why is apple domestic? -- doing this? >> apple's tragic take back control of its platform like the rest of the industry. apple is on the same sort of cycle companies -- intel comes out with a new design that is a little bit faster, a little bit better, and everyone refreshes their lineup and moves forward. to differentiate itself and make its products and out more. they are following the natural path of going alone here. >> could this be a big setback for intel? reliable is apple given that its revenue contribution is in the single digits? sound like aoesn't brutal blow, but what the issue is here is that it could represent a validation of the ability to go it alone. intel, as you know, provides most of the chips. the pc industry has a better reputation for manufacturing and products into the market if a company like apple can

because they don't have the techs. are other issues going on here brexit, the ftse has been the biggest underperformer in the global indexes anywhere because of sterling being low and hurting exports for british companies. but also general economic concern for the ftse 250 london has already been an underperformer not much further for it to fall. germany is down the biggest in europe germany not a huge tech company, the big siemens, all the big industrial exporters, they're focused on the u.s./china trade war issue. it's a bit of nervousness there. there's a sell yaufr because of the chinese slapping the americans with the counter tariffs over the weekend we are look ning for the trump administration to announce the lines they'll go after on chinese tariff issues. >> peter, where does europe stand in that? when we talk about tech and trade, most of this seems to be asia centric south korea, by the way should have a harder hit when it comes to import of steel restrictions in america than europe where does europe stand i

joining us is neil and arjun for the tech sector.alk about the future of autonomous driving. it seems like a fully autonomous vehicle is in question avenue the fatal crash out of uber from a couple weeks ago do you think this is a technology going forward is one we've been too optimistic about? >> potentially we have to put context around this in the last three or four years we had huge progresses in technology, leaps forward thanks to artificial intelligence the problem we now have is the last mile of tech development has significant challenges we might have to think about autonomous vehicles could take a long time to get on to public roads. maybe we should be thinking about the different levels of autonomy rather than going to fully autonomous so maybe like an airplane, where you may have autonomy on freeways, on motorways, but when you get into rural environments or into city centers you may have to have human interaction like you do with taking off and landing an airplane. the whole path to fully autonomous i think has been delay

heather: where we are focused as of today and right now and tech -- right now in tech markets is thoselogy companies, which could sell directly to corporations. as we look at what is going on in corporations today, it is distinct from what is going on in the consumer. corporations are looking for a windfall from the recent tax bill. as we analyze the text from corporate conference calls across the industry, you are looking at across the united states, a huge round of tech spending. it has been put off for years at this point and it is now coming in. those companies, which are selling to other companies are the best to see sales growth into this. emily: not necessarily a facebook, but amazon potentially because of their businesses there? heather: yes. absolutely, when you look at companies who are augmenting their tech. very outdated right now across the board. emily: what is happening in the private markets? you have exposure across the board, whether it is venture capital, private market startups. i know blackrock has a holding in uber. talk to us about the activity there. heather: fr

amount of tech spending.en put off for years at this point and it is now coming in. those companies, which are selling to other companies are see sales growth into this. potentiallymazon because of their businesses there? heather: absolutely, when you look at companies who are augmenting their tech. emily: what is happening in the private markets? yet exposure across the board, whether it is venture capitalists or startups -- i know blackrock has a holding in uber. talk to us about the activity there. they run with semipermanent capital below the radar and don't need to be doing what the herd is doing in terms of keeping up with peers. they can be very specific and continue to hold private investments and look for private investments. i would say that has backed off from years past when you look at investments, and really get investments of the companies that aren't necessarily technology but are willing to utilize technology in their businesses. those are poised to advance. strongs still a very interest in p

we explored the new york tech scene with the ceo of the fin tech startup, betterment.ut first, it has been a long week for mark zuckerberg. still, he emerged mostly unruffled after two hearings before congress. he generally kept his cool, even as lawmakers downplayed his apologies over failures to protect user privacy and his assurances to do better. some coming up the facebook ceo with stern words. take a listen. >> how can consumers have control over their data when facebook doesn't have control over the data itself? that is my concern. >> who was going to protect us from facebook? is also a question. >> mr. zuckerberg, i think your cozy community, as dr. martin jamieson recently said, is beginning to look a lot like "the truman show," where people's identities and relationships are made available to people who they don't know. >> your platform is still being used to circumvent the law and allow people to buy highly addictive drugs without a prescription. with all due respect, facebook is enabling an illegal activity , and in so doing, you are hurting people. >> you

bloomberg tech's live streaming on twitter.out at 5:00 in new york , 2:00 in san francisco. this is bloomberg. ♪ this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ alisa: i'm alisa parenti. here is a check of your first word news. bill cosby has been found guilty of three counts of aggravated indecent assault. outside the courthouse is attorney made a brief statement. >> we don't think he is guilty of anything, and the fight is not over. was ordered to remain in pennsylvania. defense secretary james mattis said the administration is considering whether the iran nuclear deal and be improved enough to persuade president trump to rem

tech selloff. we're deleveraging across the board. all major sectors are down about 10% right now. i don't want to put too much of an emphasis on technology. >> if we talk about some of the other sectors, oil prices, that's not looking very attractive today gloe gold is up that's a worrying signal you can talk about tech is not too bad but worse it's so broad and a risk-off sentiment. >> that's a good point energy is a good example energy throughout the year, we've seen oil moving up to $65, $66 and energy was never bought. it was never part of the overall rally we saw nobody had a lot of confidence in oil now that's part of the decline energy is one of the big decliners. that's down 13%, 14%. >> bob, there is the bell. lives only ringing it and at the hill is money smart. we're down 472 points on the dow so we're off those lows which is close to 700 points. still a big selloff for the first trading day of the quarter. kelly with the second hour >> thank you, wilf welcome to the "closing bell." i'm

justll 2000 tech center into its january high, showing how strong small-cap tech has been.t we like to see, broad-based strength. of oppenheimer, looking for a base. thanks for the perspective. david: that is what technical sell us and now let's look at what investors tell us. we are joined by mike holland, holland and company founder. what are you looking at? mike: earnings. it is such a tough job ari wald has. you can be wrong in an instant. we have been in this incredible move upward in tech for so long that it was inevitable. we have gone through some numbers this morning and yesterday. be a hiatus. if it is more than that, jpmorgan will not be right and goldman sachs will be right. david: about to go into earnings season once again. what are you looking for, because we have seen predictions that are very bullish. mike: they have only caught up with changes in the real world. when they caught up, we had this decline. we have a situation where if we of with a- you and pretty benign outlook -- end up with a pretty benign outlook. this is a place to buy. alix: this is show

tech record.are amazon, apple, twitter and google. aboutssued a warning cyberattacks coming from russia aimed at businesses and individuals. it was the latest of a series of russian threats to elections and electoral systems. joining us is brad smith. part of this pledge, you are saying, you will not help government protect or perpetrate cyberattacks. why is there a need for such an accord? >> our country needs to come together to strengthen cybersecurity. there are two principles part of this pledge. the first is we will step of our work to protect every customer everywhere from the cyberattacksans and do a not hep government wants cyberattacks against innocent citizens or enterprises. there are a number of concrete steps we can and will take to make those effective. emily: are governments asking you for help for them to perpetrate cyberattacks? >> most importantly, we get requests from governments every day to help defend against customers. in the world today, if your principles are unclear, you

tech bears ru rampantn. a full report on tuesdays tech market selloff.lus the whistleblower who blew the lid off the cambridge analytica facebook scandal heads to capitol hill. what went on with lawmakers behind closed doors. uber releases new diversity statistics under its new ceo. the results, meager gains. first to our lead. it was the worst day of stocks in weeks, and the first five-day slide for the dow in a year. tech stocks getting hit hard off the back of google print alphabet earnings. h. to bring it down is our -- a tech bubble has been burst. walk us through the day. >> that is a pretty big crawl. it will be interesting to see if that is proven with time. relatives of the day, it was an interesting day for the major averages. the dow, s&p 500, nasdaq starting higher. as the day progressed, each of the major averages traded lower. especially in the middle of the day, we start to see a steeper selloff led by the dow and caterpillar. caterpillar put a strong first quarter, but made an oblique comment on a conference call over the course of the ye

obviously, tech is down.out what is happening in the european space in more detail in context. stocks are opening a little lower. what happened in the united states is impacted by the tech stocks. yesterday, it was a bad start. not the kind of start that the stock bowls were looking for. -- not the kind of start the stock bulls were looking for. changing. are we going to see portfolios changing? joining us, dani burger. can i extrapolate what we saw over the last few days into this next quarter? ,heoretically higher volatility it should be back up again. dani: if you look at last week, that is hard to extrapolate. lower volume, portfolio rebalancing. it is strange to get this start to a quarter with this risk off mentality. with the market leaders turning around. one thing you can think about in time, as far as u.s. stocks are considered, we of buybackriod blackout. some thought we would get over that volatility because companies were the biggest buyers. we heard from our sources that companies were buying no

tech transfer is mentioned 227 times in that report. and so really i think we are in the midst of a reassess mts in the u.s. of how we do both export controls and how we handle things like technology transfer. because china has for a variety of reasons has become sort of the poster boy of industrial policy, overreach in the view of many, including the u.s. government, terms like mercantilism is used. and force tech transfer has become a key issue that is really driving, in part, this trade action, the so-called trade action. two important parts. one is issue how do you deal with country that has an elaborate set of measures designed to compel or -- in some cases legally involve tech transfer, about you a whole host of other gray areas, things that are not unwritten rules or unwritten documents and ka jol joling of companies to do tech transfer and cyber es pie and age which is long-term issue gaining access to technology. so in part the process we embark in now is effort really to try to roll back some of china's policies, and it's a ve

let's separate the tech transfer from tech companies because a lot of the tech transfer has involved or semi conductor manufacturing, or electric vehicle may fracturing, or pharmaceutical production. necessarily internet companies which don't necessarily have big business in china because china but that's its national champions. wicked china do? -- what could china do? it could allow google and facebook free access to the chinese market, unlikely but possible. or it could scale back some of the china 2025 policy goals and really signal that it is more open to importing high-tech goods. joe: we have to have a whole show on this. julia: thank you so much. thank you for your insight. --ing up, this is exciting we are awaiting space x resupply mission to the international space station. you are looking at life pictures of the air force station in florida or the space x falcon nine is set to launch, sending 5800 pounds of supplies. besides its permit to the international space station. for now let's bring in silicon valley -- cofounder and managing us.ctor, sean casey joining it is a busi

and i have to have forced tech transfer. this is such a bees nest, or beehive, or hornets nest, whatever it is. it's a bad situation! it's so complex. the incentive structure is that if you are phd student in a lab, you need grants. the grant that you will get that will fund you for serious technologies like a reactor, i will not get that from the national endowment of humanities. i'm going to get that from darpa. i will get that from on are.>> okay. >> the one thing i would add to that, building on heather's point, it's fundamental if it's for a product versus the talent. if you look at ai in particular, what you can map out as a function of compute resources and talent. the algorithms are awash. they're usually open sourced. china and the u.s., neither of us will have an advantage. china probably has an advantage in data for a whole host of reasons that i won't get into. they also are pulling ahead in terms of their compute resources. the only advantage they did the u.s. has in the game right now is talent. to the extent t

and wider tech ops strive more gains.s of a slowdown. >> and the historic meeting moves one step closer.

thank you very much, alex webb, our tech columnist talking about what is happening in the tech spacecommissionerropean is joining us for his first interview of the day. that is next. this is bloomberg. ♪ welcome back to the european open. i am matt miller alongside guy johnson in london. industry leaders from around the world are gathered in the city for the second day of city week. anna edwards is there with the guest. pleased to say i am joined by valdis dombrovskis, vice president, european commission with a focus on financial services. very good debt be with you. let's talk about what you are here to say. your speech in the program says key issues in financial services. give us a little flavor of what you will talk about this morning. i am here to talk about main issues in the eu, concerning financial services relation, our work on completing of the banking unit. the development of the capital markets unit. and also on the brexit related issues, how preparedness is going, and what issues when he did concentrate on. anna: can we talk about contracts? they call to have a solution t

coming up, tech takes on malaria. to the man who went from creating microsoft to rid the world of one of its deadliest diseases. our conversation with bill gates is next. and a reminder, all episodes of "bloomberg technology" are live streaming on twitter. check us out at technology weekdays. this is bloomberg. ♪ ♪ emily: welcome back to "the best of bloomberg technology." i'm emily chang. today, technology is playing an evermore present role in health care provision in particular, , new developments in data analytics software and ai are increasingly able to help stem the spread of infectious disease. one man who knows the benefits of the technology well is bill gates, founder of microsoft and the world's second richest man. he has long been focusing his wealth outside the world of silicon valley on combating infectious diseases that affect the poorest. caroline hyde caught up with the tech luminary at the malaria summit in london. caroline: i think focusing has always been on data, the use of big data am of the abili

soon we could see other tech leaders. earlier this morning my calix reported that some senators are saying they want to see the ceo of google and the ceo of twitter. so far as i know, the senators have not called in the ceos they have just suggested it would be nice of them to come. these tech companies don't want what happened with facebook. twitter doesn't want jack dorsey in front of congress. it's mostly just a bad pr situation for them. caroline: certainly. we will see how this returns to unfold. we hope you join us again. thank you and a great scoop earlier today. sticking with online ads, twitter is banning ads from russia's qatar ski labs. the cybersecurity's firms business model conflicts with twitter's advertising rules. the company has ties to russian intelligence. the ceo fired back on twitter saying no matter how the situation develops, we want be doing any more advertising on twitter this year. the whole of it will be donated to the electronic frontier foundation. they do a lot to fight censorship online. tw

/china cold tech war is a big piece of that. because, again, as we look forward to things like fifth generation mobile, china is going to be a big player in that, and countries in developing markets are going to be looking for technology leaders, for example, for 5g, and they'll -- the u.s. is looking at how to, for example, build a whole 5g network, what we call china minimized or china-free. so we're -- with tech -- the advanced technology like 5g and particularly ai, there's a lot of sense that this is going to -- we're moving into a world where there's going to be more competition in these areas than collaboration. and i'm also a technology optimist, but a little worried that rhetoric, for example, in the media has tended to focus on the competition and not so much on the collaboration. and for example, in ai, there is a tremendous amount of collaboration right now between china and the u.s. and that's also could be jeopardized by some of these actions coming up. and in any case, the bottom line is the regulatory system is b

tech stocks led the selloff.0% in the last year, after president trump's twitter attack on the online retailer. netflix slid 5%. chipmakers in the s&p 500 plunged more than 5% thanks to intel's worst day in two years. we are joined by michael purvis and daniel flax. daniel, i will start with you. what are the highlights as far as your concerns in terms of what has sparked the selloff and what is keeping it going? daniel: there are a few things driving this selloff. you have concerns about the global economic and political environments, which is leading to more uncertainty. second, you also have questions in the technology sector about regulation and global tariffs. as we look out over the next couple of years, these issues may well be with us, but we are focused on uncovering interesting, fundamental opportunities in the market. for that, we continue to approach things on a stock by stock basis, recognizing there will likely be continued noise and tweets in the very short term. emily: i do have a terminal chart h

bloomberg tech's live streaming on twitter. us out at 5:00 in new york, 2:00 in san francisco. this is bloomberg. ♪ yvonne: a dramatic new policy statement that removes all reference to raising 2% inflation around 2019. they repeated language from january that say quotes are more or less unchanged. the economylso says is expected to continue expanding to 2020. korea. being written in resident moon and kim jong-un exchanged handshakes at the demarcation line can becoming the first leader of his country to step foot in the south. a symbolic gesture of cooperation. the meeting may pave the way to a summit with private -- president trump. >> there are lots of people hoping for the best result. i am worried we might disappoint them. yvonne: global news 24 hours a tictoc on and at twitter powered by 2700 journalists and analysts in 120 countries. sophie: stocks falling, despite recording earnings. we also have that slow down in profits. deceleration happening as inflation wanes. biggest loss the in 17 months. we have this slew of ear

tech sector.ber of things that have caused investors to question the valuation of some of the u.s. tech stocks that ran up so high last year and questioned assumptions about the future earnings streams. you have got kind of some fundamental questions in investors minds about the impact of regulation with president trump talking about amazon is too big and too powerful. you have got u.s. lawmakers expressing concerns about privacy protection at facebook. then, you have got apple. that appears to be heading of its ownrcing more production internally. raising questions about the earnings prospects of competitors. you have a lot of fundamental questions about future earnings for these tests guys that investors are working their way through. we have just published a chart on the bloomberg that shows that if you strip out the so-called isg stocks, the s&p 500 doing even worse this year. it is not just a tech story. what we are seeing, i think, is in impact of the increase borrowing costs. particularly m

so does that mean tech needs regulation?tech is a pretty broad term, from software to hardware, to consumer technology and media. in the media landscape, there's a fair amount of regulation. the ftc, some of the other important regulatory bodies, do have regulation that they all have to comply with, including personal, private information. there are new areas that require greater scrutiny, and leaders within the industry should focus on solving those areas. >> that was anthony noto. coming up, for smart capital is one of the biggest vc firms in new york. we will talk about the investment climate in new york versus silicon valley. this is bloomberg. ♪ >> will is launching -- apple is launching two versions of the iphone 8, the second year in a row it has rolled out a new version. of the new color option could boost sales of the overshadowed iphone line, part of the product red initiative which donates a percentage of sales to fight hiv and aids. we have been covering all the angles of the unprecedented testimony of mark zucke

earnings, do they trump 3 plus percent of the tech earnings >> very good, yes. sorta strong, no. >> we don't have a chartist on this block, but there's nothing in the technicals that tell me the stock market is going up next week. >> yes, they trump it. >> you >> slows it down, but i think the macro trumps everything right now. >>> coming up, speaking of tech earnings, there's one name that dan nathan says is a major short. he'll join us to explain plus general electric surging today after its earnings weren't as bad as many feared. but is a turn-around for real? the traders weigh in. >>> later, it's everyone's favorite holiday, apparently i like christmas but today is national pot day. on the last day of our weed week, the former governor of massachusetts and board member at acreage holding, bill weld, will join us to talkbo aut us. we have much more "fast money" coming up right after this ♪ lower carbs. ♪ lower calories. ♪ higher expectations. the light beer you've been waiting for has arrived. introducing corona premier. just another day on the farm. or is it

we all know the first tech trance was probably the internet and gps systems. and if we look at the way the system seven leverage as well as u.s. regulatory decisions to make the internet more commercial, we are seeing which is a lot different today if we look back, where the internet growth is outpacing what governments can do. i think that's when referencing, how do you create different types of models of partnerships. i want to address this question what do we look at what was the public good technology, and just reflect on that for just a minute. this competition has created i think a good firewall where companies that have newly been created in the disruptive age are essentially, not mrs. o doing things for the public good. we had that first challenge where we're seeing the marketplace develop products in the commercial market that may not translate back into the public sector which is something that a record here at brookings, or vice versa we're seeing the government not able to keep pace with the private sector is doing and i think that's somewhat probl

it is part of our culture to do tech transfer. i think the thing we're recognizing however is that this broad dissemination of the technologies is not as effective as perhaps doing it in a more focused way. so we've recently begun some perhaps around working with individual companies, with individual organizations, and particularly looking at start-up organizations to try to see how they can take advantage of some of the technologies that have been developed within nasa, not only the technologies but take advantage of some of the expertise, some of the subject matter experts within nasa, to help their companies actually move forward. so we find that we can actually leverage then those technologies a lot quicker and a lot faster, and try to help that economic ecosystem be more robust, actually transfers the technologies in a way that's much more effective to help businesses grow, to create jobs, et cetera. that's something we're experimenting with and we think will be important as we go into the future. i will leave it there for no

emily: but tech is new. amy: tech is new, but we can't upend everything in one day.together and say, how do we move this forward? women venture capital investors banding together to move forward. investors will get involved in that conversation. emily: real estate is expensive now, what are you doing about that? amy: with a real estate in the , early stages of a startup, we look for opportunistic ideas. we go into spaces where we do not have to do much of a buildup, where we can come up with creative solutions. we use a lease model, like many companies. emily: amazon is one of the biggest employers in seattle, now they are going elsewhere. i am curious what is happening in the seattle tech scene. how is that shaking up the talent pool? among the people you see. amy: the seattle tech scene is incredible. emily: but amazon is leaving? amy: amazon is not leaving, they are adding to their portfolio. emily: isn't it not good for the city of seattle for amazon to leave? amy: i do not think amazon is leaving, they are just getting a second home because they are so big. over

a tech will be theext front in the administration's attempt to reboot the u.s.'s trading relationship with china. coming this week, tariffs on oice imports. now we still don't know which chinese imports the trump administration could target wit these tariffs exactly, but height lieserhe suggests products could include robotics, machinery, and information technology. economist mary willy says u.s.-based tech companies should be concerned. >> they should be worried because they depend heavi on global supply chains, particularly in communicaons and computers parts. those are some of the most heavilyfragmented production processes. a lot of their basic production is is located in china and mediated by foreign investment enterprises owned by the taiwan ease, japanese, south koreans. so they are very vulnerable. >> reporter: the tech industry doesn' want to see tariffs on their goods because that could onlye increase costed, costs niey will pass along to consumers and com potentially impacting demand. there isty another possibi that these very tough tariffs on tech are

this index tracks tech giants such as facebook, amazon, alibaba, tracks tech giants such as facebook, netflix, tracks tech giants such as facebook, amazon, alibaba, netflix, google, that stands for fang, they have lost $400 billion in market capitalisation since mid—march. earlier i asked an expert if now was a good time to buy. in terms of facebook and google and so on i think consumer behaviour is pretty much set, the genie is out of the bottle on what people are used to and the challenge they now face is trust and regulatory action. there's an opportunity still for facebook and the internet companies to continue to make it clear to consumers that they have choices and be transparent about what information they are using and that consumer behaviour is very difficult to change, so if they can manage the regulatory risk then their business models will still be very strong. you mentioned the regulatory risk, obviously facebook‘s admission can be, a third—party company, used its users' data for other purposes, sparking a lot of concerns that other technology companies are doing likewise

cybersecurity tech accord.bsent from the initial roster is apple, amazon, twitter, and google. on monday, officials issued a statement that after years of cyberattacks, the warning was only the latest in a series on russian threats to elections and electoral systems. we spoke with brad smith, microsoft president. brad: i think our industry really needs to come together on a global basis to strengthen cybersecurity. we need to be principled as we do that, and they're fundamentally two principles that are part of this pledge. the first is that we will step up our work to protect every customer everywhere from these cyberattacks. and secondly, is that we won't help governments launch cyberattacks against innocent citizens or enterprises, and we would use those as two north stars, and a number of concrete steps we can and will take to make those effective. emily: so, are governments asking you for help? for them to perpetrate cyberattacks? brad: first of all, we get requests from governments every day to help defen

tech has outperformed in six out of nine, energy only three out of nine. this is their total return it's a blowout, tech up 441, energy up only 72 versus the market, 259. this is the key column what we know here is look at almost the perfect symmetry of how much tech has outperformed relative to the s&p and how much energy they're almost identical numbers. in reverse so at this point, we're getting a little bit of -- can it

it was tech itself? >> i think it's mostly tech itself at thisstage. trade war is not going to hurt tech as much as it does some of the industries. there was some specific name selloffs today with tesla and facebook. i don't think it's really the trade commentar but more the tech sector. >> you think the selloff in facebook is roverdone,ht? >> it has been overdone. i mean facebook is not a perfect company. it hasn't manag privacy very well. and they're taking steps to address that. but facebook is now has cheaper valuation than walmart which i think is a clean sign that it's w overdone. >> so at this point, do you think it's the time for people to jump in? facebook has seen a deep dive in the share price. could this be a good buying opportunity? zblfr >>nk i t retanl vestoil investo should not try to time the market. being invested in products that auto balce like etfs and doing dollar cost averaging. if you just do that meodically, yes, right n is a good time to buy because the same great companies are

boring bankers or sexy tech?> i guess at the end of the day, when you ask the question about money, that gets to interest rates, not just the equity market -- >> that's right. i asked that for a reason. >> i would say the central banking -- if central banking were to radically change course, that would be much more important than whether facebook and amazon will be rated downwards. >> i love it that's why we watch the fed. great stuff. a three beta morning you said beta three times. zuckerberg back on the hill today. he will appear before the house energy and commerce committee. that hearing getting under way at 0:00 a.m. eastern full coverage on cnbc. there's a lot of news outside of facebook today kate rogers has some of the other big corporate stories. >>> sprint and t-mobile, david faber says the companies are back in merger talks they called off previous discussions in november after they were unable to agree on terms of a deal. shares of analogic are higher after agreeing to be taken private for $1.1 billio

we bring in one of the most respected tech analysts, colin gillis.ging up all the attention today. >> absolutely. you have to remember that this is a stock that is not up today. it is down. finish -- the clearing price opened at $165.90. this is a direct listing. the company just said we're going to sell our shares, find what point the public wants to buy and sell, and they can go to town. they did not raise capital. so if you purchased at that $165.90 on the opening print, you're sad right now. liz: you're not in the money. >> you're not in the money, right? and also there's no banks providing you trading support because there wasn't capital raised, and there's not a firm book of investors. so this stock could easily continue to slide. liz: okay. they've been very honest. they're saying we're not profitable, we don't know when we'll be profitable. do you sit on the sidelines or pile on? >> i believe you're going to see this stock trading below $100. liz: okay, prediction. let's keep that tape. let's see what we're talking about when you talk specifi

tech companies are always going to be blue-chip tech companies.p, tencent putting about $1 billion in spotify, a 9% stake that is today worth $2.5 billion. a lot of upside in growth when you get these done correctly. regardless of political movements in the market, which is not anything that is new in history, you are going to see good companies are always going to be good companies. they will outlast companies that are just mediocre, and you will see these companies continue to rise. you see that in netflix. i think you have some great companies we have invested in in india, and magic leap, some really remarkable smart technologies that are evolving and moving forward, and those companies, i think, will always be the future of growth for ecosystems. rishaad: which also brings me to the next question. are you concerned about the ip, and ip theft? have you been watching that? this dovetails into the tariff story nicely. there's checks, and balances in place. we are not very concerned about that. ultimately, the market does correct itself. it's not