one's completion and all of the other talk tech stories of the week, we're joined by tom plak and tom giles. tom, in your world what changed on wednesday with the signing of phase one? >> just enough to deep technology industry interested. >> paris, instructions on trade with huawei for example which have proved problematic for many in the technology industry are still in place. he's left us in suspense for many, many months. hat said there were changes in intellectual property. there are going to be some limits around that. so there was some progress made. and that is something that the technology industry can take some encouragement from? >> your thoughts on if we got enough concession regarding i.t. theft or the transfer, the likes of that? >> taylor, i i think it's a reasonable start. but we appreciate that there's a very long way to go. if we step back and think about what's going on, this search i have going to be marked by enormous change in the technology arena which has ramifications across economies, societies how people live, work play. part of what's going on in my view is that

thank you to tim colton and tom giles. technology is rapidly changing the auto industry.gen offered several new partnerships and pushes into the electric vehicle market. in davos, the ceo discussed the shift in the industry. >> i think it was a positive meeting. i had a chance to talk to the administration's secretary, ambassador lighthizer was there. and mr. mnuchin. we did a lot to prepare. we invested heavily to adopt a new -- often after regulation, investing heavily, groundbreaking in our plant to double up capacity in chattanooga. we will soon put all of the machinery there to ramp up production for a new electric vehicle for the united states. we are investing in battery capacity. we are doing what we can to avoid tariffs. taylor: how convinced was he? president trump left davos saying tariffs are still on. >> i think he is still very committed and serious about it. the administration is happy with what we are doing. >> when you say committed, committed to tariffs? >> it is very difficult to read. he stated he is still not happy. >> when you look at your biggest co

taylor: thank you to both dan flax and bloomberg technology executive editor, tom giles.le taking the out of returns. this is bloomberg. ♪ ♪ robots in stores, social media commerce with the great racethose are among tech transfr is prettyon well-positioned, although, walmart and amazon are duking it out. they have different strategies but they are starting to converge. one was physical, the other was digital, but now both are doing a bricks and clicks kind of strategy. taylor: if the point of purchase is easier than ever with technology, what about returning an item? in our series called retail transforms, we talk about how tech helps with the return process. tell me more about your business. it is an online platform to help with the return experience for shoppers. taylor: i wonder, do you get any sense of the health of the consumer -- if they are returning more, does that tell you anything? >> we believe that returns are fundamentally broken. give thempany, we credit immediately so they can buy the right item, and get it before returning the wrong item. we take a look at