if you look at what the market wants from microsoft, the is aed basically is it microsoft focused justn that emphasize -- enterprise, and thereby trying to increase the pe of the company. to implementking that strategy. that could cause a significant rally in the share price. however, if you look at the commentary that microsoft put out there with very carefully crafted to basically give him space to decide which way to jump, they did not say they were eating out a consumer, they mention mobile first. that is why the share price has not moved appeared the market is sort of non-plus. nonpluss. that does any bill gates is stepping away from the business. how significant will that be to you? >> i think it is quite significant for a couple of reasons. the focus has been very much on the cloud where is the microsoft has spread much wider than the cloud. ringing the old dates closer to him to help in some areas where he is not such an expert, but also i think there could be something going on here which is if satya decides to massively restructure microsoft and turned it into a proper ecosys

is the president of the office division at microsoft. joined in 1992 and left only to head up healthcare.gov at the department of health and human services. kurt, i want to start with you. who was satya nadella to you and within the company? >> i spent a lot of time working with him over the years. obviously my division, being very closely related to his own, spent a lot of time working through what are our relative plans. i think he is a good choice. he's that rare combination of very strong technologist as well as somebody who has a strong vision, focus, and business focus. i wouldn't think of him as someone who just focuses on the technology. it is about how we bring the technology to market and how we actually transform the business as a result. azure, driving the strategy for ford. andas a great track record has done a lot for the company. >> how did he get the job? , i'm not sure i am the person to ask. i think he is a natural person for the role. i read what you read in the press. it was a discussion of whether you want somebody i

we are discussing the big news of the day. microsoftfficially naming its new ceo, satya nadella, to replace steve ballmer. they've released a series of videos. take a listen to what don thompson had to say. >> after reviewing all of the candidates, satya nadella was our first and unanimous choice. he has the technical expertise, the product experience, and the leadership attributes we were looking for. >> former ceo steve ballmer also had something to say. take a listen. >> i am so excited today to be part of announcing satya nadella as our new ceo. he is a microsoft veteran, 22 years he and i have had a chance to work together. i know satya nadella will lead this company into the future and that future is going to be right with innovation, with growth, and with impact in the market and on the world. i love this company and today could not be a better day. >> we will all certainly miss steve ballmer's enthusiasm. we are here at a roundtable of special guests. microsoft's former president of the office division, he joined them in 1992, h

said love the microsoft ceo decision. o knows the business and has watched the moves for years has the best chance to win. so first outside management guru who weighs in on this move. >>> meanwhile, pretty flimsy open it's been said here, jim. dow's up 15. >> we don't have enough info -- if we can get the up openings, do you mind if we have some reason? you got to have reason. i mean, it's why i'm saying sell the up openings, there's really nothing to them. do you take all stocks up because of kors? do you buy stocks because of yum? >> no. but why are you a seller of stocks just because others have been selling? the data's really turned that much, taper is going to -- >> i don't think you take the market up on that. let's get some new data, but there's nothing very positive to trade off of and people dark the market wants to go down. the data's very weak unless you can prove to me that the data is weak because it's just 100% snow. there's no reason for the market to go higher yet. you need some reason. other than the fact

is the chairman of microsoft and took over for bill gates. i think the role of john thompson at microsoft cannot be overstated. they clearly made some really big non--microsoft like decisions at the board level not least of all making the decision about a senior leadership change. john thompson was the guy directing the board to make the decision that put pressure on steve ballmer and will force him out even though he is one of the largest shareholders and one of the original microsoft guys. clearly, john thompson had a big role in being successor. >> how involved was he in nadella to be the ceo? >> he was part of the process. we saw is that anytime a name came up in the press -- i suspect those names came up because people threw them out there and made up the names -- the board took the step to say we are considering that person or we will. we know about lots of people who were interviewed and went far along in the process. wentems like the board through some really rigorous work to determine both the direction of the company what kind of per

the new man in charge is an engineer, a microsoft insider, and a native of india. and he's only the third ceo in the company's 40-year history. stepping into a job held first by cofounder bill gates and later steve ballmer. both gates and ballmer will continue to serve on the microsoft board, and gates will become a technology adviser to nadella. but the critical question now, does all that shuffling chairs really mean a new chapter of innovation for microsoft or business as usual for the same old company? josh lipton reports. >> reporter: when we think about our product. >> reporter: after a six-month search, microsoft ultimately chose an insider as its new ceo. satya nadella is a veteran of the software giant. he's been working there for more than 22 years. most recently he was the v.p. of cloud and enterprise, a key segment for the company going forward. supporters of nadella say they was the best choice as his background will help maintain microsoft's momentum in the commercial side of the business which accounts for 65% of the company's gross profits. there are

of the past to microsoft of the future. >> what microsoft is struggling with is a post-pc world. their entire business has been developed on the back of windows. microsoft office, a dominant product. developed because their windows operating system is so powerful of a monopoly. you have a world where the entire computer industry is going away from the pc. he is a cloud guy and also an enterprise guy. they recognize that this is more likely their future. >> enough talk about satya. let's hear from the man himself. this is up the web conference in paris. this is a bloomberg exclusive. you won't hear this anywhere else. >> it's an exciting place to be at right now. you look at broadening what we're doing, our devices, our services. what we're doing with cloud computing, it is an amazing spot to be. both innovating and taking it to market and having a broad impact across an industry at large. you look at what happened in the last quarter in the sense of our cloud, google it when a hundred -- over 100%. we have over 50% of the production. that is the kind of new growth that we

the chairman speaks. microsoft new head of the board talks about the incoming ceo and the big challenge in a bloomberg exclusive. in media, we have an entertainment smack down. new networks want your attention while long-term networks are struggling to keep it. watch out. they are flipping cars. the coolest award you have never heard of is just in time for the oscars. we're going to kick it off with what everyone is talking about. big news overseas, we are starting with japan. >> formally the largest bitcoin exchange has filed for bankruptcy in japan. /4 of a million bitcoins belonged to users. >> that is real money. >> the ceo of the exchange apologized. here it is in the raw. [camera clicks] >> [speaking japanese] >> i am deeply sorry. there was a weak area the system. as a result, we lost bitcoins. i am deeply sorry i have caused trouble for everyone. ceo apologizing for the bitcoin exchanges collapse. he has not been a popular man. this is video of him earlier this week trying to enter the mt. gox headquarters.

and coming up, the new boss at microsoft has his work cut out for him. i'm going to talk to one tech expert, who says this guy has the right stuff for the job, but questions whether anybody with reboot this company. was not criminal at all. now is evidence is that >> lisa frecher with what's coming up, and its surprising, comic books changing hollywood and the social narrative across america. >> they're not just for kids and nerds, ali, they're a sophisticated group. >> and hollywood is cashing? >> no doubt, the super human influence, with everything from racial and ethnic issues, to government and overreach on the environment. >> looking forward to it, lisa that's "the stream." >> microsoft today confirmed sacha nadella will replace steve ballmer as ceo. and this opens a new door for the aging technology company. nadella is the third ceo. he follows steve ballmer and bill gates who is also retiring, serving as a technology adviser. many believe that microsoft has chosen the right person to lead it into the future. and nice to see you. they looked at mala

coming up, the new boss at microsoft has his work cut out for him. i talk to a tech expert that says he has the right stuff, but questions whether anyone can rebot the company and make it better again. the stream is uniquely interactive television. >> microsoft today confirmed sacha nadella will replace steve ballmer as ceo. and this opens a new door for the aging technology company. nadella is the third ceo. he follows steve ballmer and bill gates who is also retiring, serving as a technology adviser. many believe that microsoft has chosen the right person to lead it into the future. and nice to see you. they looked at malali, ford. and big names in there, and get used to saying the name. satyad thatella. most people didn't know steve ballmer and didn't care. what has this guy got? >> he's been an insider for a long time. he knows how the culture works and he knows the company. and he gets how software is important. and he gets that mobile is important, which is also good. and i think that that's something that we mixed a little bit with baumer. >> i

that's been one of the criticisms of microsoft. is he capable of doing that? ay you need an outsider to do that. >> right. well, the first thing to say is that his background is really impressive. he understands technology, he has been involved in the cloud business which has got to be part of the future. can insiders shake things up, typically you think of bringing in outsiders to really move things around but it's not impossible. i think of people like disney, he's really done a tremendous job as michael eisner's successor. i think there is some real risk with thinking about some of these celebrity ceos from the outside that come in and you think they're the panacea, then you end up with ron johnson of jc penney coming from apple stores and it's a total disaster. >> what does he have to do first to prove to his investors, to his work force, to wall street, that he's the person that is best suited for that job? >> well, i think we have to redefine the bias against the sort of cimematic ceos. it will come back to turning the company around in terms of fundament

this is the future of microsoft. has been part of that and is given more responsibility over time, more reorganization. i've been figuring the most general -- i frankly think it is good for the company. >> we have discussed a lot when the news came across the wire, microsoft seems to have failed at almost every turn when it comes to the consumer perception of its products. they do really well on the enterprise side. they own it. the cfo comes from the enterprise side. is this business going back? >> no. most of it and the big focus will be. the company spent eight years redeveloping their enterprise is -- business. it will now drive the move to the cloud and we will potentially see substantial or explosive growth driving revenue , differentiating. >> they have been doing well on the earnings front. >> very well. if the process is successful, in a year and a half and two years, the largest so far. made to layalready the land of what he wants to do. here is what he said is his priority. >> the first thing i want to do

the pose that microsoft. the ma

. >>> the top job at microsoft may soon be filled by insider sattia nadela. is he the right man and what can he do to turn microsoft into a growth machine? >>> a big development today in the proposed and long-delayed keystone xl oil pipeline. the state department issuing a report that raised no major environmental objections to the northern leg of the controversial pipeline. it would bring crude from the oil sands of canada more than 1,100 miles south through several states to oklahoma. there the pipeline would connect to the lower leg of the project. that stretch is already in operation, delivering oil to refineries along the gulf of mexico. >>> more worries about a different kind of fuel. the price of propane continues to rise. and a shortage of the gas is expected to continue well into february. making matters worse the fuel is currently being exported at historically high levels. that's a big worry for many homeowners, especially as severe winter weather shows no signs of letting up. more than a third of households in the u.s., many of them in rural commun

>> i hope the market never goes back to the microsoft dominance. it is bad for competition. it hard. i'm glad there are four well-run companies. i want there to be more. >> will one emerge? >> unlikely. the reason has to do with the internet. the microsoft dominance was possible because the distribution was limited to the way pcs were sold. today there are so many ways of getting your product, like whatsapp, can do a phenomenal job here and no one notices and all of a sudden, oh, my god. instagram was only available on mobile. that was facebook's last acquisition. we will see. >> are they your primarily challenger? dofacebook continues to well. they have good engineering and quite a few people we know. is crucial.ng >> of course. this is all about inventing the future. schmidt with charlie rose. you can watch that interview tonight at 8:00 p.m. and 10:00 p.m.. coming up, all of the troubles with bitcoin. is it going bust? that is next. ♪ >> welcome back to "bloomberg west." i am emily chang. bitcoin. the problems continuing. has gone off-line. documents say unidentified thie

nadella during his tenure at the company. did microsoft make the right move going for an insider as opposed to an outsideer? a first on fox business interview you don't want to miss. liz: we love to hear from you. today is facebook's 10 -- fbn's 10-year anniversary. tweet us. at nbnatb. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a0%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped u [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trad app. from td ameritrade. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or stt a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open

and to take a closer look and then microsoft decision on that enjoyed by the end of the new microsoft. he did and innovation kickstart don't say that and i'm not side it could have shaken things up a bit. instead the board decided to go with an inside a deep knowledge of microsoft's complex businesses and culture. i know that two women about how the selection process evolved from a twelve week if we have two sides in uni so i can better well there's there's take the insider who was the veteran who knows how the one hundred thousand plus company like microsoft works where's take the outsider who can spice things up. and the reality is that an outsider is more risk no matter what there's more chance it will fit the bill to speed acting the same process might suspect over you are looking for their ceo and it went through for one hundred candidates of qualified candidates both internal and external and socks he ended up just being the right fit twenty two year veteran of the he's not weighed down by the award grants to represent some of the menu are things being a witch who like it or not

a 22 year microsoft veteran. getting the nod as the new ceo. that is not him, but bill gates, microsoft founder who am i just caught up with about two weeks ago, he did comment it is so unbelievably cold there. bill gates is stepping down as chairman, he will become a technology advisor. really got the sense that he is focusing on trying to change and save the world for the better. satya nadella will take over. right now microsoft shares have been movvng higher. as we take a look at the stock up $0.10, we will have much more on microsoft and the changes at the pump and if they should affect your decision to keep the stock, by the stock, sell the stock, stay tuned for that. you can definitely not say stocks have made a comeback. we are up, but not nearly what we lost yesterday. today games have created new uncertainty about the federal reserve paper plans meaning scaling back the bond bond purchases put in years ago to stimulate a very tough market. david asman asked that pressing question, here's what mr. fischer had to say. >> is it fair to say

he is noter reason, the ceo on microsoft, and he pulled the plug on microsoft. on, the game is so much fun to play, especially if you love alan mulally. he is a great leader. you can write books and books about him. you could say he could have gone to microsoft, or maybe he did not go to microsoft because he wanted to scrub the system, or microsoft did not take him, so he scrubbed the system, at microsoft has done a bad job in making that ford system work. and you had to do something. hope for others, and maybe a new route for blackberry, although they have been doing it for a while, and people have not been talking about it much are you maybe you see them get a lot more respect with this, and then maybe another company comes along and says, hey, we want to rule that market. >> perhaps, perhaps. more interesting stuff coming out. in venezuela, the turmoil there has been raging on for three weeks. , -- madura, he is going to be talking about what things mean. ♪ turnraine is not the only -- country we have been following. venezuela is in its third week of bloody un

the pace of technology. he is very big on cars. ford decided to go with him blackberry over microsoft in cars. he thinks we will not necessarily be holding a device in the palm of our hands, but embedded in everything we use like cars and our homes. sensors will be everywhere. --i think it's recognizing he is recognizing where the assets really are. that turnaround was quite successful. he is bringing a new approach to blackberry and recognizing that may be the software is a valuable thing. selling the- devices themselves may not be a strong suit, which is what the previous manager was trying to do. a $5hole company has billion evaluation. in barcelona with our caroline hyde. coming up, facebook buying whatsapp. softbank once a stake in lime.pp's competitor, ♪ >> welcome back to "bloomberg west." i am emily chang. t-mobile has announced a third loss for a consecutive quarter. that is because subscriber gains resulted in higher costs. 850 thousand customers last quarter, but the discounts it is using to get those customers are costing the company big bucks. revenue rose 39% from a year earlier.

the microsoft story. not dela did a lot in terms of -- satya nadella has been someone thinking about where the company should be and the need to have a startup like mentality and to understand what young technology companies are doing to better understand where microsoft should go. >> whited this search take so long? search take so long? >> this is a big company. these searches can take time. they spoke to dozens of dozens of potential candidates, internal and external. it is a lot of work to figure out what the best mix is for the company. at the end of the day, there were some concerns from external candidates about what exactly .hey would be able to do in turn only,e coupling him with a new chairman and having bill gates play a role behind the scenes seemed to be the right mix. >> you alluded to bill gates stepping aside as chairman. let's take a listen to what he had to say about his new role at microsoft. -- i am thrilled that satya has been asked to step up. over one third of my time available to me

microsoft. nadella's second day on the job as the microsoft ceo. ew ceo he will tasked with examining corporate strategy and carving out the future for the software giant. olivia sterns has been digging into what the future is going to hold for microsoft. tell us where this company is headed. >> i think nadella's really big challenge is going to be trying to move microsoft away from the pc past and push faster into cloud and mobile. that is exactly what we heard them say just yesterday, it is a mobile and cloud world. yes, they are still making very healthy profits with pc's and windows and licensing out microsoft software but the growth now is consumer devices and enterprise or most recently nadella, as you know, he has been running the cloud and that is where he sees the biggest opportunity and brands that operate on the cloud, including menu know and recognize, being skype and xbox 1 -- but ha doesn't want to stay with mobile question mark it clearly wants to accelerate into cloud but the biggest question of law is what is he going to do with its

how does microsoft build a relevant future and what should be the strategy? icrosoft needs to be turned around, and yet enormous profits under speak all of that. is it more refocusing or setting a future strategy? >> given the cash flow, turnaround is probably the wrong word. the entirety of that cash flow is coming from products whose expectancy is going down by the day to some extent. decay fore a steady the firm. they need something. >> what do they need? they can go mobile, what do they do you do?- they >> the go mobile. the enterprise space, they have been much more successful. they will need something else on top of that, whether it is finding some way to make sure they can translate the office products into the mobile space or something else entirely. they need something. >> nobody wants to use their products on mobile. >> they have not done a good job with designing them the right way. they have tried to hedge their investment in research and development. it has not worked well. >> within your management and leadership study, is this de- ballmer-izing?

the server division, which is the heart and soul of microsoft, is also the most technologically progressiverosoft. it uses the most outside components, the latest technologies. tucker soft has always had this idea of -- microsoft has always had the idea of invented here, and here they have used the best and brightest outside of the industry. the downside is we are going into a mobile world, consumer world and you have a company that is strong on the business side hiring an exec who is strong at the business side, not very much will the consumer side. it is the consumer side of microsoft that is weak. the xbox is never really made money. the mobile division is still struggling. >> get rid of xbox? >> i have said it on television a couple of times. i think the best thing for microsoft is to split up into smaller pieces. >> we spoke to an investor in dubai who said he does not think they should sell consumer business because he sees so much innovation coming from that side in terms of many of these technologies. >> but the problem with microsoft is it is such a huge company that these things a

so who likes the stock of microsoft here? frankly, fuddy-duddy guys like me because it's nostalgic in the stocks. microsoft doesn't dazzle. i don't know if it can anymore. my kids and all their friends laugh at the windows based machines, scoffing at the information technology executives who they see as clueless, not realizing that the world is going mac not windows. high bound, why are they doing it? that's what my kids want to know. they think the guys are left behind like microsoft. so try as it may, microsoft has been gleefully left behind. microsoft won't buy what it should buy because it will hurt the short term numbers but it's been caring are for ages now. it didn't buy twitter, it bought the worst hand set maker. here you go microsoft, here's what you do. put together yelp and pandora, become social and mobile on the web, own the entertainment world, $30 billion will get you netflix, you can buy concurrent technologies and again, own the cloud and interprice. own 3-d printing, buy box and the salesforce.com, cloud fes

often the break kindergarten that i did on the new microsoft. no one has a captive in their hearts into the new city. you're watching your kicks off a share that news flying get microsoft board named hard about going for canada to ask chief executive officer didn't take that time. given the woeful dots which have become household names like windows mode kicks in ballpoint and on its face the announcement ended with the dead of an osprey on the indian system to one of the highest profile corporate job nobody. i am. microsoft corporation new meaning when he accompanied me to suck tonight the chief executive officer and said go from the bill gates would step down as chairman and advise the new cu of technology walking in it all changes to tort of the company has two of the piece you are you sure are they. having the internet. what is it to work on an indian guy who did the teaching of microsoft's internet he's not competing services is only by the soft currency york and thirty nine years. no more. the joint competes in two thousand. new activities b

what is it to work on an indian guy who did the teaching of microsoft's internet speeds cloud computing services is only by the soft fur seal and thirty nine years. no more the joint competes in two thousand. new activities but to be connected to our broadband data and some that still won't that be updated before. all in all of this is one of the mediated by softness often is the most malleable thing that's going to find the experiences he incites the ambient intelligence but one of the law politics device experience this awesome journey back capability that had tasted this company has instilled a realm of the observer knew it the have to do new things ah but at the same time we should be very very confident about capability of rubs off that as it comes to these new experiences. hyderabad going to go back to kennedy hesitation. the new chief executive officer of the mill was sold to a giant microsoft in spies india's image in addition to kind of sucks the scandal on its. the move ends a five month such was his affidavit in washington based company to goodbye to all this announcement off

what a great bible study on this coming up off to the break kindergarten that i did on the new microsoft. no one has a captive in their hearts into the new city. you're watching your kicks off a share that news flying get microsoft warm and hard about going soft in the day to ask chief executive officer jean date that tied the game and the one for tots which have become household names like windows mode kicks in ballpoint and outlook express the announcement. anyway if not dead of an offspring of the indian system to one of the highest profile corporate job nobody. i think microsoft corporation you need to do to your company with its authentic the chief executive officer and said go from the bill gates would step down as chairman and advise the new cu of technology. walking in it all changes toward a company that rules the piece you are you sure. are they. adding to the internet. what is it to work on an indian guy who did the teaching of microsoft's internet he's not competing services is only by the soft currency york and thirty nine years. taking over from beaumont. the joint competes

he is the cofounder of microsoft that made him millions of dollars. he has a very interest including neuroscience. he is the owner of the seattle seahawks. he is in new york where we talked to him this week about the chances where seattle seahawks to win the super bowl. what brought you to buying sports franchises? >> the trail blazers mom i was a fan of the supersonics. right after we moved microsoft to seattle, this was in 1978. they won the championship. every year, i would get tickets closer and closer to the court. and it just became enthralled with basketball. and then i was on the board with someone who said it was for sale. after a process and negotiations , ok inc. the deal -- okaying the deal and various other things, we're able to reach an agreement. i ended up owning the team. owneds my longest professional franchise. >> and then the seahawks? >> that was a matter of basically civic leaders coming and saying, look, the team is going to end up in los angeles unless somebody steps forward and want to take ownership of the team. i knew that th

the chairman speaks. microsoft the board talks about the incoming ceo and the big challenge in a bloomberg exclusive. in media, we have an entertainment smack down. new networks want your attention while long-term networks are struggling to keep it. watch out. they are flipping cars.

how do you put the love back in microsoft?rs actually want instead of what microsoft wants to sell. when i look at microsoft products, it's like they're going through the spare parts bin of various divisions like windows, office and skype and pasting them together instead of figuring out what consumers want and how to deliver it to them. >> i take some issue with the idea the only thing people love is xbox. got to give them some credit for xbox live which isn't just the xbox, give them credit for connect which connects to the xbox. then you were talking about just consumer products here. i think there are a number of enterprise products that have done pretty well. i certainly -- it's not the sort of thing you have a lot of natural affection for. >> a lot of their products are utilities. you don't love your phone company or cable company, although i'm beginning to develop a mad crush -- >> i love my cable company at least a couple times a month. >> let's move on. let's move on. i want to talk about the iphone 6. a lot has been

on a special "titans at the table," we chat with microsoft chairman bill gates. he is the world's richest person and with that great wealth comes great responsibility. he wants to destroy the myth that poverty and disease can't be eradicated. >> joining gates, a friend and fellow philanthropist, the bloomberg lp founder and former new york city mayor, michael bloomberg. >> there are fewer people starving, fewer people sleeping without a roof over their head. things are better. >> in the bill and melinda gates foundation, gates predicts that by 2035 there will be almost no poor nations left in the world. coming up, we hear what these titans are doing to see that through. bill, i read through your letter and what i noticed in the tone was that you are very optimistic. you say look, we are better off than we were decades ago. where does this optimism come from? >> i think i am naturally optimistic but also the facts are on the side of the optimist. it is dangerous that people are focusing on the bad news and not seeing the progress we have made. it means they don't l

the pose that microsoft. lori: the investigation into the massive credit-card beach and why did she financial officer says it will cost to upgrade the technology. adam: it is a ratings agency, cyber security world's co-founder will join us to talk about why target and neiman marcus, not close to being the most vulnerable companies and we will talk about what you need to know but first stocks near the highs of the day and the stock exchange, nicole petallides is there and we are seeing a sigh of relief. nicole: no doubt at all. we sold off 360 points, on stock 360 points and that was a loss of 2%. a bounce back on less volume from friday and monday but you are seeing a little bounce back. over 1/2%, the nasdaq up 1.1%, the s&p up 3/4%, lots of nt you are seeing a little bounce back. over 1/2%, the nasdaq up 1.1%, the s&p up 3/4%, lots of news to digest, factory orders slightly better than expected, weaker manufacturing numbers and at the end of the week, waiting on jobs numbers, company news from michael course

you have seen the microsoft software inside ford cars, and you have heard the litany of complaints. r them to ditch microsoft? >> it was overtime. as consumers, we are used the foibles of microsoft in our laptops and pcs, it is different when it comes into our vehicles. --is almost driven single-handedly driven the satisfaction to the basement. intertwineds so within the vehicle, it is not going to be easy for them to extract microsoft. >> is that why took so long to make this decision? the problems are not anything new, alan mulally has done genius like work at ford. this appears to be one of his few errors. >> the car manufacturers have to partner with other firms in order to do these systems. it is not an area of expertise. whether it is a traditional supplier, or in this case and mark are soft or a black area -- intoberry, ford is forced an impossible situation. -- bugs have never gotten out of our laptops. do you think we will have a blackberry car in the future, and apple car in the future? >> that is not where we are going. cars going to wear our will be dumb terminals for our

has not been there for a long time -- is he going to bring enough change echo he was the change agent within microsoftving up the ranks. you have met people from san francisco. do you think about the issue of what'ssponsibility in becoming a touchy subject in san francisco of, less room for the middle class because of all the successful technology companies that are given all these opportunities to people who now live in san francisco and take the buses. >> we have a bus because it's efficient. your alternative is to have 75 cars on the road. we want people to get into work more easily. on the buses. it means you can work. we have an extra two hours work from people. we are focused on how to create the most productivity from our employee base. buses are not the real issue. it's not a symptom of the issue. the issue is that you have not a lot of housing intent and cisco. in sanarce housing francisco, all you can do is have some shift in the population. that is super and fortunate. the solution is come you build more houses and you pay people more. -- super unfortunate. we will keep buzzing people. box'

microsoft a long time. people thought, is he going to bring enough change? he was the agent in microsoft. >> you bus people to san francisco. do you think about the employee responsibility and what is becoming a touchy subject in san francisco of less room for the middle class because of all the successful technology companies that have given new opportunities to people who now live in san francisco and bus down to the valley? >> it is efficient. the alternative is to have 75 extra cars on the road. we want to make it so people can get to work more easily. it is from a capitalist intent also. wi-fi on the buses means you can work, so we get an extra two hours of work from people. how do we create the most productivity from our employee base? for society, i do not think buses are the real issue. it is not even a symptom. the issue is that you have not a lot of housing in san francisco. with scarce housing and an increased workforce, all you can do is have some shift in the population. that is super unfortunate. the solution is you build more houses and pay people more.