tim cook.mily chang will speak with him from apple's worldwide developers conference in an extended interview later this hour. the u.k. prime minister calls for greater regulation of the internet following the terrorist attacks in london. but tech firms are pushing back. fitbit falls to third place in the wearable device market while apple steals the spotlight. can it make a comeback? first, apple's worldwide developers conference kicked off in san jose, california. we will be speaking with tim cook later for an exclusive interview from the annual event. dc is one of apple's biggest events for the year setting the stage for hardware and software that will hit the market over the next 18 months. this year, the company announced updated macbooks and a major overhaul of the operating system and topped it off with something brand-new from the company. there is apple senior vice president of worldwide marketing with the formal announcement. >> it is absolutely beautiful and we call it homepod. yes.

emily chang is currently speaking with tim cook in an exclusive interview from the annual event. ut one of the major announcements, the apple home pod. >> apple is a company that deeply cares about music and wants to deliver a great audio experience in the home. we feel like we reinvented it in the portable player area and we think we can reinvent it in the home as well. caroline: the home pod is apple's answer to the amazon echo and google home. emily asked about competition heating up and if apple is late to the game. >> for us, it is not about being first. it is about being the best in giving the user and express that delights them every time. we do not let that in patients -- impatience result in shipping something not great. caroline: more of that exclusive interview ahead. that is not all apple announced. it laid out its plans for the ios 11. the next major update will aim to improve on core technologies that power the operating system and introduce new features. wwdc, bob from o'donnell, friend of the show, and the asymco founder. thank you for joining me. what stood out fo

tim cook is one of the silicon valley leaders who asked the president not to pull out. this would affect apple's relationship with the white house. mr. cook: i think he did listen to me. he didn't decide what i wanted him to decide. i think he decided wrong. i think it's not in the best interest of the united states, what he decided. but the way that i look at this thing, do you interact with politicians or do you not -- my view is that first and foremost, things are about, can you help your country? if you can help your country and you do that by interacting, then you do it. the country eclipses politics. so, you know, if there's something that we can work together that helps people in the united states, then of course we would do it. emily: you have other people that are leaving the table, though. like bob iger, like elon musk. is the president jeopardizing his relationship with his key constituencies, the business community? mr. cook: i would differentiate leaving a council and advising in a way that you think could help our country. i think the first one is a judgme

mark: tim cook also unveiling apple first major product since the apple watch -- tim cook: apple is any that deeply cares about music and wants to deliver a great audio experience in the home. we feel like we reinvented it in the portable player area we think we can reinvented in the home as well. pod competeis home with the amazon echo and google home? cory: i think it can. it is certainly a more expensive product. they claim the audio quality is better. the demand for these products has been extraordinary. the amazon echo has sold out in the holiday season. apple thinks they can make a goal of it with this product. speaker and alent siri connected device. how much it's going to be open for other developers to write their own software for this --duct, that's the question lots of developers created their echooftware through amazon and google play. it's unclear how much apple will d and theoth the homepo siri architecture. ar, augmented reality are the buzzwords. to what extent is it a game changer as we approach the release of the next iteration of the iphone later this year? cory: it

back to our exclusive interview with apple ceo tim cook. uch on the president's decision to leave the paris climate agreement. cook was one of a number of silicon valley leaders to contact the white house directly to ask the president not to pull out of the agreement. we asked if he thought the president listened. >> i think he didn't listen to me. he didn't decide what i wanted him to decide. i think he decided wrong. i think it's not good, not in the best interest of the united states what he decided. but in terms of -- the way that i look at this thing, and do you interact with politicians or do you not, my view is, first and foremost, it is about, can you help your country? if you can help your country and you do that by interacting, then you do it. that country eclipse is politics. emily: you have other people leaving the table, like bob iger, like elon musk. is the president jeopardizing his relationship with his key constituency, the business community? >> i would differentiate, and i'm not speaking for those guys, but i would differe

emily: our exclusive conversation with apple ceo tim cook.atch the full interview online at bloomberg.com, or this weekend on the special edition of bloomberg's "studio 1.0." it is airing throughout the weekend. now it is time to find out who is having the best day ever. the winner is disney's abc. the golden state warriors championship clinching the win over the cleveland cavaliers, producing the highest tb rating for an nba finals game five 1998. it was also the second most streamed nba contest with an average audience of over 500,000 viewers. the only other nba game with a larger streaming audience -- the decisive game seven of the 2016 finals. that does it for this edition of "bloomberg technology." tomorrow, we will be live at the e3 gaming conference with nintendo america's president. that is 5 p.m. new york time, 2 p.m. in san francisco. that's all for today. this is bloomberg. ♪

emily: how would you characterize tim cook's apple versus steve jobs'apple? m: steve's dna will always be the dna of apple. it is deeply embedded in the company and we celebrate it and it should be staying like that. obviously think the ball over time in certain areas --obviously things evolve. emily: you said cars are an area ripe. how important is it that apple not miss out on cars? tim: there is a major disruption moving. not only for self driving cars but the alleged occasion. if you have driven and all electric car, it is a marvelous experience and his marvelous not to have to stop at the filling station. plus, you have ridesharing on top of this. you have three vectors of change happening generally in the same timeframe. if we look at it in what we are focusing on or what we talked about focusing on publicly, we are talking about autonomous systems and one purpose of a time the systems is self driving cars. there are others. we see it as the mother of all ai projects. it is probably one of the most difficult ai projects to work on. autonomy is something

tim cook tells us they are pushing to cars and the competition is taking notice.irst, to our lead. federal reserve chair janet yellen forged ahead with tightening monetary policy despite concerns over weak inflation. how will it impact the tech ecosystem, then sure, and how could that trickle down? joining us now, jeremy lou and the first the sea investor in snap. fed officials raising rates, the third time in six months. how does this impact venture capital? flex micro always comes to macro. we are always looking at these early-stage companies. cost of capital are less important than do we believe in the team, do they have a unique insight, can they've built something that will create new habits for people? >> saw they raised with hundred billion dollars to invest in tech. there is so much capital built in the system, how does that change the landscape for you? >> it really is the latest stage companies that are going to be affected. those financings were almost a substitute for public offering. it is impossible for a company to put $100 billion to work. >> do yo

coming up, more of our exclusive interview with apple ceo tim cook. the company fights the threat of terror while protecting user privacy. if you like bloomberg news, check us out on the radio app. this is bloomberg. ♪ alisa: i'm alisa parenti in washington. you are watching "bloomberg technology." your start with a check on first word news. senate republicans say they are nearing consensus on health care bill as they had toyed a pivotal vote the fourth of july. they reportedly narrowed down options today. president trump spoke with reporters after a white house meeting with congressional leaders. >> if congress doesn't act to save americans from this democrat inflicted catastrophe, next year, it's going to get worse, it's going to get a lot worse. it's going toow get worse than 203%, but i'm sure the democrats will find a way. alisa: the president praised the house for passing its own health care bill this year. sent to reporters about the assailant who swung a hammer yellen "this is for syria." british prime minister theresa may says she expects the

francine: tim cook there.p next, will critical questions about the jobs report influence next week's fed rate decision. we look at that and the movements on the markets. we look ahead to the fed, but also the ecb, next. this is bloomberg. ♪ ♪ you are watching bloomberg "surveillance." i am francine lacqua in london. islamic state has claimed responsibility for a hostagetaking in australian that left a gun man and another dead and a policeman injured. him after he fired at least with the shotgun. he had taken a woman hostage and was believed to have killed a building receptionist. the white house has insisted president trump is not sitting 8 -- starting a fight with the london mayor. vigil -- led a vigil and thousands of people gathered near london bridge to honor the seven killed and dozens others injured. airlines has canceled flights. plummeted the most since 2009 as a result of a dispute. president trump wants to talk with all parties to resolve the situation. committed toent is continuing to have conversat

vonnie: the apple ceo tim cook speaking exclusively with emily chang.e for the bloomberg business flash. goldman sachs ceo lloyd blankfein has highlighted the need for infrastructure spending in the u.s. he says that he is impressed with the condition of their airports and roads and stress the need to keep up. his sentiment echoes calls from j.p. morgan chase's jamie dimon. china has told the u.s. to stay out of its affairs in relation to a probe into 3-d thingies who went missing last month -- three detainees who in missing last month, they were investigating labor conditions at a factory that made shoes. the activists have been detained under a new law for illegal eavesdropping. starbucks selling meals from snap kitchen at a stores in houston, snap didn't let by the former weight watchers ceo and focuses on healthy ingredients. starbucks is trying to compete with chains like mcdonald's. they will add another test market soon. that is your bloomberg is this flash sprint and t-mobile -- sprint and t-mobile to -- merger work to happen, it may not be fina

one of them, apple ceo tim cook.y with emily chang about that, about london's terror attack, and about augmented reality. >> he did not decide what i wanted him to decide. wrong. he decided i think it is not in the best interest of the united states, what he decided. we have been cooperating with the u.k. government in not only on enforcement matters, but some of the attacks. i cannot speak in detail about that, but in cases where we have information and they have gone through the lawful process, we not just give it, but we do it very promptly. you saw the demos that were done today, i think this is profound. get thisoday, as we out in the hands of the developers, we will have the largest augmented reality platform in the world. julia: i want to bring in emily chang from san francisco. great work on this interview. another was a lot of excitement about the host might that you will talk about but also some focus on hardware. what goes on with those shrinking ipad sales? emily: the home pod was the new product-- first

that's where i started with tim cook. take a listen. >> we tried to build something that is a breakthrough speaker first. music is in our dna dating back to itunes and ipod. we wanted something that sounded unbelievable. think when people listen to it, they will be shocked about the quality of the sound. of course, it does a variety of other things that are important as well. but we wanted a high quality audio experience as well. emily: you are very focused on how this could reimagine music in the home. is there a lot of other things you can do for it like call for a car or order groceries? >> there are a lot of things you an do with it. one of the advantages that we have is that there are a lot of things that siri knows how to do from the phone. so, we will start with a patch of those as you saw in the keynote. then you can bet that there is a nice follow-on activity there as well. emily: let's talk about e-commerce. they are very important to these devices. i can order paper towels on my echo. can you tell us about some

tim cook, thank you so much. at to see you and spend time with you. ♪ emily: i am emily chang and this is the best of "bloomberg technology," where we bring the top interviews from the week in tech. world's moste valuable startup and a wide investors decided it was time for travis kalanick to go and a way forward for uber. plus, facebook ceo sheryl , sandberg gives her take on big branding, the future of digital ads, and cybersecurity. and the inside track on the trump

as a reminder, do not miss the exclusive interview we have coming up with apple ceo tim cook at 5:00 bloomberg technology. chang and cook coming up at 5:00 p.m. joe: not a one of action on the yields. at 2.1 8%.- 10 year hovering for the lowest levels of the year. levels right at we saw -- what we saw a right after the election. niceo's two-year had very gains after an election. i am sure julia is about to talk about the peso. interesting day overall. minor losses on the aussie, but the dollar index is overall lower, and it is exactly what joel was saying -- joe was saying. -- weekendakened election with the ruling party defeating the far left candidate's party. .hat was a huge concern what we are seeing is optimism that perhaps the ruling party can continue to make gains. the peso is the highest it has been since the u.s. election. some losses were reversed and are now moving the other way. raising some of the overnight losses we saw since the london terror attack's. we are four days out from the london election -- u.k. election. on commodities, not a ton of action. crude oil had bee

our exclusive interview with ceo of apple, tim cook.ur one-on-one with meg whitman, the hewlett-packard ceo to give a report on their turnaround in the age of the cloud. another bombshell at uber, the company fires more than 20 employees after investigation into sexual harassment claims. first, to our lead, our exclusive interview with tim cook from the apple worldwide developers conference in san jose, california. the conference sets the stage for the hardware and software that will hit the stage in the next 18 months. this year, they introduced a major overhaul of the apple watch operating system among other products. the big answer is there product to combat the amazon eccho and google home. >> what we have tried to do is to build something that is a breakthrough speaker first. music is deep and our dna, dating back to itunes and ipod. we wanted something, that number one, sounded unbelievable. i think when people listen to it, they will be shocked about the quality of the sound. of course, it does a lot of other things. we wanted a

tim cook says the company helped british officials investigate terror attacks. emilyke to bloomberg tv's chang. tim: in cases where we have information and they have gone to -- through the lawful process, we not just give it, but we do it very promptly. emma: law enforcement officials have criticized apple for its standards for tough encryption. we will have more highlights with our exclusive interview with tim cook throughout daybreak: america's today. it is less than 24 hours but for -- before voting begins. boris johnson is sent to the northeast of england today. those areas voted to leave the european union. he will say that only theresa may will get brexit right. jeremy corbyn will try to shore up his support in working-class areas. global news -- global news 24 hours a day, powered by more 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. jonthan: let's get more on the u.k. prime minister going on the offensive. let's head over to bloomberg's and a redwood outside westminster. there is usually a message on campa

it is an interview with tim cook.egan: i interviewed him right after they introduced the foray into the home speaker market, and anyone who has the amazon echo or has used alexa, it has become a crowded space. i think a lot of people thought apple's foray would be a category killer. what is interesting is how focused he was on music. i was understood and how passionate he was. oliver: i thought it was funny, you're talking about people jamming out. oliver: my reaction to the homepod was them trailing their peers. but he said that we were not always first, but we did the test version. he thinks it will be the best version of the in-house speaker. megan: long time ago, i was a first purchaser of the original ipod. he's probably not seen it, it was about this big beard tim cook was honest about this. he said apple does not need to be first or necessarily want to be first. they want to be the best. again, you are younger than i am -- they have been counted out more times. whether it was the apple ii, the macintosh compute

emily: more of our exclusive interview with tim cook coming up.errorsays apple finds threats while protecting consumer privacy. if you like bloomberg news, check us out on the radio. you can listen to us on the bloomberg radio app and in the americas on sirius xm. this is bloomberg. ♪ ♪ emily: california is the home to tech giants that bring home millions in tax revenue and jobs to the state. governor jerry brown spoke with john mckenzie in beijing. he said america cannot rest on its laurels as competitive pressure from china grows. >> the competitive game is getting more intense. america cannot rest on its laurels. we are going to spend more time trying to reduce taxes on the rich rather than more investment private and public sector, we are going to lose out. that is kind of where i think washington is going right now. emily: now back to our exclusive interview with apple ceo tim cook. we moved on to politics. remember, tim cook called the president to urge him not to pullout of the paris climate accord. president trump decided differently. tim

emily: more of our exclusive interview with tim cook coming up.f you like bloomberg news, check us out on the radio. you can listen to us on the bloomberg radio app ♪ emily: california is the home to tech giants that bring home millions in tax revenue and jobs to the state. we spoke with john mckenzie in beijing. game isompetitive getting more intense. america cannot rest on its laurels. time try toore reduce taxes on the rich instead of generating more investment in both the private and public sector. that is kind of where i think washington is going right now. emily: now back to our exclusive interview with apple ceo tim cook. we moved on to politics. the president urged him -- he urged the president not to pull out of the paris climate accords, but president trump decided differently. tim cook disagrees with him, saying that the global warming crisis requires worldwide cooperation. >> i think he did listen to me before making his decision, but i think he decided wrong. i think it is not in the best interest of the united states what he decided.

apple ceo tim cook is expected to unveil a siri seeker.etting smarter and new augmented reality features coming to the iphone and ipad. emily chang will sit down with an exclusive interview with apple ceo tim cook. at the apple developers conference in san jose, california, the tech giant making a series of announcements including an update to macbook air and a redesign of the app store. we are joined by cory johnson who is outside the conference. andill get to the macbook the app store, but i wanted to begin with the ipad. this is a software conference. they are touting software improvements. but there is some mention of hardware here. so some new ipads a been announced. two new ipads in particular. the team is still getting smaller, much better resolution. but it is very impressive what they are doing in terms of pushing the technology forward. also talking about software updates that could change the way the apps are working. to see moreg system apps and switch between the more quickly. it seems like geek type of stuff. but that is what

and his team. >> to hear tim cook speak -- >> my bucket list. if most advanced mobile operating system. >> reporter: a look at a new mobile operating system, ios 11. >> we'll take the most advanced operating system and turn it up to 11. cheer [ applause ] >> updated versions of the mac book pro and updates for the apple watch. >> there's a lot more coming. a new flashlight in the control center which you can use as a blinking safety light. >> and no word on why apple pulled the conference from san francisco. if you experience traffic congestion this morning, expect it until the conference is over friday. in san jose, sandra osborne, kpix 5. >>> opening arguments are underway in bill cosby's sexual assault trial. he's accused of sexual assaulting a temple employee. he admitted sexual assaulting an unconscious woman a decade ago. cosby is not expected to take the witness stand. >>> the number of teens giving birth continues to plummet in the u.s. according to the journal of pediatrics. and births among women over 40 are climbing. a study found tha

emily: how would you characterize tim cook's apple apple?obs' tim: steve at's dna will always be the dna of apple, or it will ceo. long as i am i think it is deeply embedded in the company and we celebrate it. it should be like that and stay like that. as theyvolve over time would have if he were sitting here interviewing with you today. clearly unsure, but that is a better question to ask somebody who worked for both of us. emily: you said cars are an area ripe for disruption. how important is it that apple not miss out on cars? tim: i think there is a major disruption looming there, not only for self driving cars, but also the electrification. if you have driven and all electric car, it is a marvelous experience. it is a marvelous experience not to stop at the gas station, whatever you call it, and so -- plus, you have ridesharing on top of this. you have three vectors of the change happening generally in the same timeframe. as we look at it, what we are focusing on, what we have talked about publicly, is we are focusing on an autonomous s

emily: how would you characterize tim cook's apple versus steve jobs's apple? m: i guess i would point out that steve's dna will always be the dna of apple or certainly as long as i am ceo and i think as long as anyone is, honestly. i think it is deeply embedded in the company. obviously, things evolve over time in some other areas as they would have if you were sitting here interviewing with you today. clearly, i am sure, there are some things, but that is probably a better question to ask somebody that worked for both of us. emily: you said cars are an area ripe for destruction -- disruption. how important is it that apple not miss out on cars? tim: i think there is a major disruption looming. not only for self driving cars, but also the electrification piece. if you have driven an all aectric car, it is actually marvelous experience and it is a marvelous experience not to stop at the filling station or gas station or whatever you want to call it. plus, you have ridesharing on top of this, right? so you've got kind of three vectors of change happening generall

after years of working in secret, apple ceo tim cook is sharing details about self driving technology first time publicly. emily chang asks cook how important the car market is to the tech giant. tim cook: i think there is a major disruption. for self driving cars, but also the electrification. if you have driven an all electric car, it is a marvelous experience. it is a marvelous experience not to stop at the gas station. ridesharing on top of this. you have kind of three vectors of change happening generally in the same timeframe. what weok at it, and are focusing on, what we talked about vocus a non-publicly is we are focusing on a taunus systems. clearly, one purpose of a taunus autonomous is self driving cars. it is probably one of the most difficult ai projects. is autonomy incredibly exciting. we're not saying from a product point of view would we will do, but we are being straightforward . it is a core technology that we view as very important. chang joins us from san francisco. we heard a little about what apple is working on. tell us about project titan and how much progress

more of the exclusive interview with tim cook this hour.resident donald trump infrastructure plan continues to rollout, we will hear about the architect of the plan to privatize the nation's air traffic control system, republican congressman l schuster of pennsylvania. -- bill shuster of pennsylvania. monitoring breaking news out of paris, paris police say it is running an operation in front of the notre dame chris -- cathedral, calling a visible's -- visitors to ignore the area, a policeman fire a shot at a man who tried to assault him and we will bring you developments. into the trading day in the u.s., what is it looking like? in themuch change overall market but a downward by as the nasdaq is unchanged, slightly positive. a tight trading rate. the push of full affecting the session, on the plus side, tech names doing pretty well, advanced micro devices spiking by 6% and apple saying that its imac pro will use a processor that company is benefiting and analog devices according to morgan stanley should get stability, especially in sentime

tim cook was honest about this.e said apple does not need to be first or necessarily want to be first. they want to be the best. i think every time -- again, you are younger than i am -- they have been counted out more times. now we will remember it, whether it was the apple ii, the macintosh computer, the forays into other business. artificial intelligence early on. never count them out. if they produce a product that is a must-have, it becomes integral to how you conduct your life, they are forcing their way in. there was another thing we talked about, their entry into the enterprise market. and how they are going to service business. they see that is huge growth for them. people are so attached to apple, and moving into the business sector is a big future for them. oliver: and they need to be looking at ways to drive growth. you also talked about politics and branched out beyond the apple device world. megan: he was very involved in the climate debate, and the trump administration decision to exit the paris accor

rba, and tim cook.ump's decision to move out of the paris of court. we will be revisiting various guests. betty: sounds like a great show coming up. that is it for "daybreak asia." this is bloomberg. ♪ haidi: it's 9 a.m. in hong kong, 11 a.m. in sydney. i'm in new york. i'm haidi lun. rishaad: i'm rishaad salamat coming here from bloomberg's asia headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: the alliance under strain. president trump renewed his attack on the mayor of london. critics say he should focus on more important matters. rishaad: traders are increasingly sure the federal hike next

emily: our interview with tim cook spurred analysis. others are taking notice.ns us now, the parent company of the kelley blue book and auto trader. thank you for joining us. yet, but stilled high level. somewhat vague. >> eventually it could lead to the apple car that we have been thinking about in hearing for five years different rumors. in the near term it will lead to collaboration between apple and current carmakers similar to what waymo is already doing. justould see a world where like our phones are androids or apple phones, we could have a circumstance where our cars, technology are powered by apple or google-based technology and operating systems. >> as apple potentially goes to market do you see them partnering with a manufacturer or more likely coming to market with a car of its own? all three in sequence. i think they will partner with an automaker and start to make them power their own baton of his vehicle systems and eventually they could become a designsoducer of car that the automakers make for them, making the automakers a tier one supplier for

tim cook sayso the tech giant has helped u.k. officials investigate terror attacks. >> we have been cooperating with in not onlyernment -- not only in law enforcement kind of matters, but on some of the attacks. ♪ welcome to "bloomberg daybreak: europe," our flagship morning show in the city of london. i'm manus cranny in the studio. anna: i'm anna edwards, out in my sister. until the u.k. voters go to the polls. focus remainsthe on the aftermath of the terror attacks. diplomatically, we see the fallout of trump's tweets. that continues to be the focus. plenty to talk about, and the latest polling figures, but manus, we have to talk about the aftermath of the qatar-saudi cla sh. absolutely, we some money flow out of some of those equity markets. the question at 7:00 a.m. today, is will that continue? let's pick up on the narrowing in the lead in the polls? have you taken outlier risk position? you have slower services. what would a labour victory mean for the gilt market? this is a couple of different opinions regarding a minorit

tim cook tells us they are pushing to cars and the competition is taking notice.irst, to our lead. federal reserve chair janet yellen forged ahead with tightening monetary policy despite concerns over weak inflation. how will it impact the tech ecosystem, then sure, and how could that trickle down? joining us now, jeremy lou and the first the sea investor in snap. fed officials raising rates, the

. >> tim cook shares insight into the company's strategy. >> music is deep in our dna and so we wantedomething that sounded unbelievable. >> president trump says it is time to focus on infrastructure. business leaders tell us what they see in his plan. >> america should give back to to building and constructing. >> we are going to have to find a way to get more private capital involved. >> we have to invest in fix -- and fix things up. >> plus, wall street's brightest stars speak at the bloomberg summit. thatu tell your investors returns are going to be lower. >> the current evaluations with a look at the current markets, there is no longer a margin for error. >> it is all straight ahead on "bloomberg best." ♪ michael: hello and welcome. i'm michael mckee. this is "bloomberg best." your weekly review of the week's most important news. the week was bound to be tense and the u.k. with elections looming thursday with a weekend terror attack in london raising the level of political urgency. theresa may sharing and meeting with the u.k. government's emergency committee coming after saturday

that conversation with tim cook by our very own emily chang.e will be looking at political risk across europe with former italian prime minister vittorio greeley, joining us from the summit in beijing. rishaad: how far could the rally be set to go? discussing that with bnp party but asset management. -- pariba asset management. this is bloomberg. ♪ rishaad: back here with "bloomberg markets: asia." i'm rishaad salamat in hong kong. haidi: i'm haidi lun in sydney. a quick check of business flash headlines. india's largest lender aims to raise as much as $2.3 billion by sharing -- selling shares to the biggest institutions. they want to strengthen the balance sheet in the face of worsening bad loans. that in india is at the highest level since at least 2001. last month, the state bank announced first-quarter profits. we are going to be looking at what's going on when it comes to chinese bond markets around the world. let's get our guest in, brian carter, from bnp paribas. let's take a look at where we are. we keep on talking about debt and levera

tim cook made some comments we will hear in a second. of a big process, there is a lot of work to be done. jared kushner talked about six months to approve changes on government websites. a lot of work to be done. i think they have started to do it. emily: let's take a look at what tim cook had to say to president trump. >> the u.s. should have the most modern government in the world, and it doesn't. it is great to see the effort that jared is putting in working on things that will pay back in 5, 10, 20 years. emily: tim cook did not join the presidential council by choice. he does not think they are terribly productive. he said he thinks it is important to work with the administration whatever your politics are. what did you make of what he had to say? >> he is showing there are areas where we will make concessions. we disagree on immigration, we disagree on the environment. but he cares about veterans issues, and that is one of the things jared kushner wants to modernize. tim cook and the rest of tech will work with trump where it matt

. >> the mom part starship ceo tim cook -- exclusive insight into the company's strategy. >> we wantedomething that saysr 1 -- president trump it's time to focus on infrastructure. business leaders else would they think -- >> america should get back to building and constructing. towe will have to find a way get more private capital resort. >> we have got to fix things up. shed light on important issues and finance. >> returns are going to be lower. >> all straight ahead on bloomberg best. ♪ >> welcome, i am michael mckee. this is bloomberg best, your weekly review of the most important business -- analysis, and interviews -- from around the world. the week was bound to be tense in the u.k. with elections swimming thursday -- weakened terror attack in london -- raising the level -- level of political urgency. >> theresa may sharing and meeting with the u.k. government's emergency committee coming after saturday night's terror attack in central london that left seven people dead. sterling is weaker. the u.k. election is just days away. theresa may: we cannot deny that the threat of islam

apple's ceo tim cook sees it differently. tim: we're just getting started. i am incredibly excited.learly, there is nothing that anybody could say is going to replace the smartphone anytime soon. emily: as apple looks for the next decade on the competition stays red hot, a major question remains --how long can the iphone remain at apple's core? joining me to dig into the iphone's first decade is my guest cohost for the hour, david kirkpatrick in new york. thank you for joining us. it is hard to sum up the iphone, but in your view, what is the biggest significance of this 10th birthday? david: you cannot come up with enough superlative's for the iphone as a business success. you have to say it is the most successful product ever. period. $800 million in sales. it is unheard of. just the sheer financial gravity of the iphone has been a business success, combined with the way it has shifted the nature of our behavior, that is astonishing. emily: i know you have been thinking about how has the iphone changed our lives. david: or what it has changed for the worst. we all walk around, loo

tim cook could make an announcement, a competitor to the amazon echo and investors will be watching shares of both tech giants. >> you're live in the cnn newsroom. we have breaking news right off the top. increasingly tense scene in portland, oregon. protests are getting heated. this is video from a short time ago. everything from black bottles to bricks to balloons filled with a foul smelling liquid are being thrown at officers. that began as a trump free speech rally and then other groups showed up to hold a counter rally. they've been forced to use tear gas on the crowd. we'll continue to monitor the situation. we bring you updates as we get them. isis now claiming responsibility for the van attack and stabbing spree that killed seven people and injured 48 heothers in the heart of london. 11 people are in police custody after raids overnight and throughout the day. police increasingly confident no other attackers are on the loose right now. we also have new information about the time line of this

tim cook speaking to emily chang. up next, airbus.t is downgrading production of its a3 80, a lack of orders an issue. ahead of the paris air show. it always rains at the paris air show. the open eight minutes away. this is bloomberg. ♪ ♪ welcome back. we continue to watch a number of stocks ahead of the open. banco popular on the radar screen. -- the seemslender to be ambiguity surrounding whether they will be meeting with the ecb to discuss emergency liquidity. the ecb is saying it is perfectly informed of pop alarm's situation. popular's situation. we seek clarity on the situation. we have seen a very sharp drop in the stock price. the other stock i want to mention is airbus. 380 program, the superjumbo. we are going below rate one. they will be making less than 12 a year. this ahead of the air show, the flagship event in france, paris outside of paris, in which the 380 has been a crowdpleaser. this seemed to be struggling to be market please her. getill be interesting to mr. clark's view as to whether he has more orders and mine.

emily: i spoke to tim cook a couple weeks ago about why he didn't join the council officially. ke a listen to what he had to say. tim: i don't find these councils, in general, and committees to be terribly productive. but it wasn't about not wanting to advise on something where i thought that, you know, we could help or we had a point of view that should be heard. so, i'm doing the latter. i can't imagine a situation where i wouldn't do the latter, because i think it's in the best interest of america to do it. i am first and foremost an american. emily: he is there today as part of a one-off. why? he justr the reasons said. he wants to advise on the issues he thinks are important. we mentioned repatriation. there are a number of other issues. the agenda today wasn't so much to do with tech policy, as such. how decisions being made in government will affect the way companies are run. it's the other way around, how tech companies can help government run. granular things like cloud computing, access to databases for the public, those kinds of ideas. do you really need top ceo's com

tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. ♪ >> ♪ i-d-e-a, ideas ♪ narrator: suiko is one of the hardest working street artist in the world. for almost two decades, he tagged and painted walls all over the world with his unique murals that blend european styles of graffiti with the traditions of japan.

. >> tim cook holds forth on apple's future.here v is steering the company. -- where he is steering the company. >> we are focusing on autonomous systems, and clearly one purpose of autonomous systems is self driving cars. ramy: and some of the world's most influential leaders weigh in on critical issues. >> brexit is a decision we have to accept. >> stronger gdp is good news. it is unqualified good news. >> i am very optimistic about about what president mccrone -- president macron will do. ramy: it is all straight ahead on "bloomberg best." ♪ ramy: hello and welcome. i'm ramy inocencio, and this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. the week started on an anxious note for tech investors as a selloff that began friday continued into monday. >> everybody's favorite sector, tech sold off in a big way on friday, leaving the nasdaq to a biggest decline in four weeks. the selloff has spread globally with europe and asian marke

tim cook was just one of the tech titans in attendance and he commended kushner's steps in getting theernment equipped with the latest technology. tim: u.s. should have the most modern government in the world and today, it does not. it is great to see the effort of in onared is putting things that will pay back in five or 10 or 20 years. emily: we set -- set down with jennifer. she served as the deputy chief technology officer under president obama. >> to the credit of the people who organized the meeting and the tech ceos, there were breakout sessions on pretty substantive topics, things people do not normally put on the news like procurement reform and how to get the government into the cloud and digital services for citizens and i saw most of the tech executives went to the sessions that i was in and had a pretty substantive dialogue about these issues. emily: you are walking into this having worked for the obama administration. give us the color of the room. what did it feel like? jennifer: to the credit of the folks there, it felt like the people who had come into the white house

is in san francisco with that story. >> reporter: scott, investor versus long speculated about tim cook's within it comes to autonomous driving technology now apple's ceo is speaking out publicly for the first time about his company's intrs. we're focusing on autonomous symptoms, cook said. certainly, one purpose is self driving cars there are others we see it as the mother of all ai projects. cook continued we're not really saying from a poukt point of view what we will do, but we are being straight forward, it's a core technology that review as very important. patrick moorehead of more insights and strategy doesn't think cook wants to build and sell a whole autonomous vehicle. instead, he thinks cook, at least initially is more focused on software and systems that can power such a car and license that to auto makers. there it would be competing against other tech companies, such as alphabet's waymo it's already completed more than 3 million miles of fully autonomous driving apple's interest is well known and documented recently, the california dmv gave apple a test permit for autonomous

. >>> words of encouragement from tim cook to college grads. >> i am more concerned about people taking my computers, without values or compassion. >>> jurors heard excerpts from cosby's decade-old testimony in a civil suit about how we gave quaaludes to women he wanted to have sex with. if convicted, he could face the rest of his life in prison. he is charged with drugging and molesting a woman at his home in the suburbs of philadelphia and 2004. he says the encounter was consensual. cosby's defense is set to begin next week>>> a newly elected congressman from montana will lead guilty to assaulting a reporter. he's accused of body slamming a reporter after he asked a question about healthcare. it took place on may 24 one day before a special election. he is expected to plead guilty on monday to misdemeanor assault. the charge carries a maximum penalty of six months in jail. he is expected to be sworn into office later this month. >>> tim cook address mit graduates today warning them not to let advances in technology take away their humanity. >> i am not worried about artificial intelli